2019-05-10T08:46:37-05:00 2018-06-30 592922169 SALTMARSH CLEAVELAND & GUND 900 NORTH 12TH AVENUE PENSACOLA FL 32501 990 2017-07-01 596166292 UNIVERSITY OF WEST FLORIDA FOUNDATION INC UNIV 8504743118 11000 UNIVERSITY PKWY BLDG 12 PENSACOLA FL 325145732 DANIEL LUCAS CHIEF FINANCIAL OFFICER 8504743880 2019-05-02 1 MOLLY MURPHY CPA P00985783 8504358300 2019-05-01 70.169.168.131 2019-05-02 09:51:21 CD P 54D80ABE259E42D62CB852113BB94B8622849F5A DBD0AAD96CA034578C0AAF7B325AFD93057F6BB5 2017 2019-02-21 02:37:17Z DANIEL LUCAS 11000 UNIVERSITY PKWY BLDG 12 PENSACOLA FL 325145732 51604060 0 X WWW.UWF.EDU/FOUNDATION X 1965 FL SEE SCHEDULE O 28 23 0 0 -762 -762 17887299 13207846 10444278 9209029 2976606 5414082 13468 23353 31321651 27854310 1240964 1947358 0 0 5119680 5081883 47908 34025 346255 18662400 12204671 25070952 19267937 6250699 8586373 162352558 171323735 52080764 49307835 110271794 122015900 X SOLICITING, RECEIVING, AND ADMINISTERING GIFTS AND BEQUESTS OF PROPERTY AND FUNDS FOR SCIENTIFIC, EDUCATIONAL, AND CHARITABLE PURPOSES ALL FOR THE ADVANCEMENT OF THE UNIVERSITY OF WEST FLORIDA (UWF). TO PROMOTE AND SUPPORT EDUCATION AND EDUCATION FACILITIES, INCLUDING HOUSING AT UWF. 0 0 9717008 9258099 STUDENT HOUSING PROGRAM - THE UWF DEPARTMENT OF HOUSING AND RESIDENCE LIFE PROVIDES HOUSING FOR APPROXIMATELY 10.0%, I.E., OVER 1,304 STUDENTS AND 75 STUDENT STAFF, OF THE UNIVERSITY'S STUDENT BODY OF 13,033. OCCUPANCY OF DORMS IS TO MEET STUDENTS' ON CAMPUS HOUSING NEEDS. IN ADDITION TO RESIDENTIAL SERVICES, HOUSING OFFERS OVER 2,950 EDUCATIONAL AND SOCIAL PROGRAMS DESIGNED TO ENHANCE THE STUDENTS' LEARNING ENVIRONMENT AS WELL AS ENRICH THE STUDENTS' COLLEGE EXPERIENCE. 1947311 1947358 STUDENT SCHOLARSHIP PROGRAM - THE UWF FOUNDATION AWARDED SCHOLARSHIPS TO 1,412 UWF STUDENTS. THESE SCHOLARSHIPS HELPED TO ENSURE THOSE STUDENTS GAINED A HIGHER EDUCATION. ONE OF THE NEWEW SCHOLARSHIPS PROMOTED DURING THE YEAR WAS THE FIRST GENERATION SCHOLARSHIP. THIS SCHOLARSHIP ENABLES STUDENTS, WHO ARE FIRST GENERATION IN THEIR FAMILY TO ATTEND COLLEGE, TO BE ABLE TO AFFORD COLLEGE TUITION. THE FOUNDATION RAISED AND AWARDED $514,212 OF FIRST GENERATION SCHOLARSHIPS DURING THE YEAR. 603102 EMINENT SCHOLARS AND PROFESSORSHIPS - THE UWF FOUNDATION HAD 5 DISTINGUISHED PROFESSORS DURING THE FISCAL YEAR. THE PROFESSORSHIPS HELPED TO ADVANCE THE EDUCATIONAL MISSION OF THE UNIVERSITY BY HAVING DISTINGUISHED AND SPECIALIZED PROFESSORS TEACH STUDENTS. 4642867 ALL OTHER PROGRAMS: THE UWF FOUNDATION HAS AGENCY ACCOUNTS WHICH SUPPORT THE MISSION OF CERTAIN DEPARTMENTS AND COLLEGES WITHIN THE UNIVERSITY. THESE ACCOUNTS PRIMARILY CONSIST OF DONATED FUNDS TO HELP SUPPORT FACULTY SALARIES, STUDENT SCHOLARSHIPS, LEARNING ENVIRONMENTS, PROFESSIONAL DEVELOPMENT, AND LECTURES. 4642867 16910288 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 1 0 0 1 0 1 1 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 52 0 1 0 0 1 CJ 0 0 0 1 1 0 1 0 X 28 23 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 AK AZ CA CO HI KY LA ME MD MA MI MN NH NJ NY OH OK OR SC UT WA WV WI DC AR MO MS ND NH X DANIEL LUCAS 8504743380 11000 UNIVERSITY PARKWAY BLDG 12 PENSACOLA FL 32514 JOHN HUTCHINSON BOD PAST CHAIR 0.40 X 0 0 0 GORDON SPRAGUE BOD CHAIR 0.50 X X 0 0 0 GAIL DORSEY BOD VICE CHAIR 0.80 X X 0 0 0 RICHARD PETERSON BOD SECRETARY 0.40 X X 0 0 0 DAVID HIGHTOWER BOD TREASURER 0.40 X X 0 0 0 MARTHA SAUNDERS UWF PRESIDENT 1.00 39.00 X 0 437871 121993 DAVID CLEVELAND BOT REP 0.60 X 0 0 0 BRETT BARROW ALUMNI BOARD REP 0.30 X 0 0 0 LINDA BROTHERTON CURRENT DIRECTOR 0.10 X 0 0 0 RICK BYARS CURRENT DIRECTOR 0.20 X 0 0 0 JASON CRAWFORD CURRENT DIRECTOR 0.30 X 0 0 0 DEE DEE DAVIS CURRENT DIRECTOR 0.40 X 0 0 0 RAY FLORES CURRENT DIRECTOR 0.00 X 0 0 0 JOHN GORMLEY CURRENT DIRECTOR 0.30 X 0 0 0 TIM HAAG CURRENT DIRECTOR 0.50 X 0 0 0 KATHIE JEFFCOAT CURRENT DIRECTOR 0.40 X 0 0 0 TRIP MAYGARDEN CURRENT DIRECTOR 0.10 X 0 0 0 JAMES HOSMAN CURRENT DIRECTOR 0.30 X 0 0 0 JOHN PEACOCK JR CURRENT DIRECTOR 0.20 X 0 0 0 BRUCE VREDENBURG CURRENT DIRECTOR 0.60 X 0 0 0 JOSEPH HERZOG CURRENT DIRECTOR 0.20 X 0 0 0 DOUG DOBSON CURRENT DIRECTOR 0.30 X 0 0 0 YASMIN HERNANDEZ SGA REPRESENTATIVE 0.20 X 0 0 0 DAVE PEADEN CURRENT DIRECTOR 0.30 X 0 0 0 WILLIAM RONE CURRENT DIRECTOR 0.30 X 0 0 0 TODD ZABORSKI CURRENT DIRECTOR 0.50 X 0 0 0 CHRIS RONEY CURRENT DIRECTOR 0.10 X 0 0 0 JILL THOMAS CURRENT DIRECTOR 0.30 X 0 0 0 HOWARD REDDY FOUNDATION PRESIDENT 0.40 39.60 X 0 115414 25057 DANIEL LUCAS CFO 0.40 39.60 X 0 141568 27930 EVA BUTTS DIRECTOR 0.20 39.80 X 0 62586 12824 FRANK RANELLI SENIOR ADVISOR/CONSULTANT 1.00 40.00 X 0 191496 32087 JANE HALONEN UWF PROFESSOR 1.00 40.00 X 0 141943 28194 CHULA KING UWF PROFESSOR 1.00 40.00 X 0 248388 36757 DOUG WAGGLE UWF PROFESSOR 1.00 40.00 X 0 201499 31004 GEORGE ELLENBERG PROVOST/SR. VICE PRESIDENT 1.00 40.00 X 0 283405 38181 STEVEN CUNNINGHAM CHIEF EXECUTIVE OFFICER -BEI 1.00 40.00 X 0 243897 66616 0 2068067 420643 0 0 1 0 JANI-KING 122 WEST PINE STREET PONCHATOULA LA 70454 JANITORIAL SERVICES 612610 PEOPLES PAINTING COMPANY 9931 HARLINGTON ST CANTONMENT FL 32533 PAINTING SERVICES 260930 WILSON FLOOR COVERING OF PENSACOLA INC PO BOX 2545 3800 LIGGETT STREET PENSACOLA FL 32513 FLOOR SERVICES 185284 CHARTWELLS 11000 UNIVERSITY PARKWAY BLDG 22 PENSACOLA FL 32514 DINING SERVICES 174905 COX COMMUNICATIONS PO BOX 9001078 LOUISVILLE KY 40290 PHONE SERVICES 162185 5 13207846 9042286 13207846 RENTAL INCOME - HOUSING 721310 8848847 8848847 RENTAL INCOME - OTHER 900099 241032 241032 119150 119150 9209029 1452175 168220 -762 1284717 22400 22400 27711657 23749750 3961907 3961907 3961907 MISCELLANEOUS OTHER INCOME 900099 953 953 953 27854310 13340109 -762 1307117 1947358 1947358 5081883 3401397 1536786 143700 13387 6945 6442 70050 12380 57670 120000 30000 90000 34025 34025 267372 5304 262068 962408 1054150 -95002 3260 449314 401852 20115 27347 543505 409776 90560 43169 1179130 1171891 294 6945 507996 408210 35254 64532 122648 102701 3856 16091 1745791 1745791 2990984 2990984 245336 224681 20655 REPAIR/MAINTENANCE/SUPP 1353773 1353773 UNIVERSITY/STAFF SUPPOR 1264710 1297748 -33038 MISCELLANEOUS 265936 243022 15728 7186 HOUSING RELATED EXPENSE 77349 77349 24982 24976 6 19267937 16910288 2011394 346255 1725 1725 12553214 12822148 8167001 7336118 672654 581531 190912 203330 86900283 33321000 49071972 53579283 67822109 76640024 20401716 15209589 0 3471255 4949987 162352558 171323735 889892 739080 48211464 45725667 2979408 2843088 52080764 49307835 X 13398944 13155742 34908494 45485224 61964356 63374934 110271794 122015900 162352558 171323735 X 8586373 3138982 18751 X X 0 1 X 1 0 X 5017341 4606008 12421107 17887299 13207846 53139601 5017341 4606008 12421107 17887299 13207846 53139601 53139601 980859 1015836 1091887 1027209 1283955 5399746 98536 179844 218712 415075 164 912331 59451678 0.89380 0.87310 X 120000 120000 16910288 17030288 1000000 250000 0 0 926217 935897 1000000 1000000 3862114 5793171 70000 65000 95000 120000 350000 231554 233974 250000 250000 965528 1448292 7847925 6391088 0 74696741 1580391 5837844 -2936645 79178331 61758523 7022309 8561587 -2645678 74696741 62812538 4875354 -3704533 878237 -2224836 61758523 64344233 378256 1316376 -863004 -1270556 -1058646 62812538 0 0 2334483 2334483 82624648 32817457 49807191 961463 503543 457920 979689 979689 53579283 COMMINGLED FUNDS 8799734 F PRIVATE EQUITY & CREDIT FUNDS 2648851 F REAL ESTATE INVESTMENT TRUSTS 3174114 F CERTIFICATES OF DEPOSIT 586890 F 15209589 SPLIT INTEREST AGREEMENTS 1604792 DUE TO WEST FORIDA HISTORIC TRUST, INC. 1238296 2843088 X 31015680 3093578 67792 3161370 27854310 0 27854310 19271574 0 19271574 -3637 -3637 19267937 PART III, LINE 1A: TANGLEWOOD - WORKS OF ART PART X, LINE 2: THE FOUNDATION IS A NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN INVESTMENT ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE FOUNDATION QULAIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VI) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN S/I AGREEMENT VALUE 67,792. PART XII, LINE 4B - OTHER ADJUSTMENTS: WRITE OFF OF UNCONDITIONAL PROMISES TO GIVE -3,637. 0 CENTRAL AMERICA AND CARIBBEAN INVESTMENT 10581894 EAST ASIA AND THE PACIFIC STUDY ABROAD SCHOLARSHIPS 2500 EUROPE STUDY ABROAD SCHOLARSHIPS 26050 CENTRAL AMERICA AND CARIBBEAN SCHOLARSHIPS 28076 EUROPE SCHOLARSHIPS 1000 EAST ASIA AND THE PACIFIC SCHOLARSHIPS 6115 NORTH AMERICA SCHOLARSHIPS 1500 SOUTH ASIA SCHOLARSHIPS 5197 SOUTH AMERICA SCHOLARSHIPS 76750 SUB-SAHARAN AFRICA SCHOLARSHIPS 7239 MIDDLE EAST AND NORTH AFRICA SCHOLARSHIPS 4260 0 0 0 0 0 0 10652332 88249 10740581 SCHOLARSHIPS - STUDY ABROAD EUROPE FUNDS ON DEPOSIT N/A SCHOLARSHIPS - STUDY ABROAD EAST ASIA & PACIFIC FUNDS ON DEPOSIT N/A SCHOLARSHIPS - STUDY ABROAD SOUTH AFRICA FUNDS ON DEPOSIT N/A SCHOLARSHIPS - AT UNIVERSITY EAST ASIA & PACIFIC FUNDS ON DEPOSIT N/A SCHOLARSHIPS - AT UNIVERSITY CENTRAL AMERICA/CARIBBEAN FUNDS ON DEPOSIT N/A SCHOLARSHIPS - AT UNIVERSITY EUROPE FUNDS ON DEPOSIT N/A SCHOLARSHIPS - AT UNIVERSITY SUB-SAHARAN AFRICA FUNDS ON DEPOSIT N/A SCHOLARSHIPS - AT UNIVERSITY SOUTH AMERICA FUNDS ON DEPOSIT N/A SCHOLARSHIPS - AT UNIVERSITY RUSSIA AND NEIGHBORING STATES FUNDS ON DEPOSIT N/A SCHOLARSHIPS - AT UNIVERSITY SOUTH ASIA FUNDS ON DEPOSIT N/A SCHOLARSHIPS - AT UNIVERSITY NORTH AMERICA FUNDS ON DEPOSIT N/A 0 0 0 0 0 0 X X X X X X 1 CHARITABLE ADULT RIDES & SERVICES INC 4669 MURPHY CANYON RD STE 200 SAN DIEGO CA 92123 VEHICLE PROGRAM 1 76591 24350 52241 ALEXANDER HAAS 3520 PIEDMONT RD NE 300 ATLANTA GA 30305 CONSULTING 0 0 71875 0 WILSON-BENNETT TECHNOLOGY INC 2239 BILL FOSTER MEMORIAL HWY SUI CABOT AR 72023 PHONATHON 0 0 825 0 COMMUNITY FUNDED 214 S COLLEGE AVENUE UNIT 3 FORT COLLINS CO 80524 DAY OF GIVING 0 0 15400 -15400 76591 112450 36841 AL AK AZ AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI 0 SCHOLARSHIPS 1412 1947358 FAIR MARKET VALUE PART I, LINE 2 SCHOLARSHIPS AND GRANTS ARE AWARDED BY THE FOUNDATION THROUGH THE UNIVERSITY OF WEST FLORIDA ("UWF"). UWF ADHERS TO ESTABLISHED DONOR, STATE AND FEDERAL GUIDELINES. UWF DIRECTS ALL SCHOLARSHIP AND GRANT PAYMENTS. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 MARTHA SAUNDERS UWF PRESIDENT 0 326590 0 63281 0 48000 0 113602 0 8391 0 559864 0 0 DANIEL LUCAS CFO 0 126602 0 4000 0 10966 0 11332 0 16598 0 169498 0 0 FRANK RANELLI SENIOR ADVISOR/CONSULTANT 0 140505 0 4000 0 46991 0 15489 0 16598 0 223583 0 0 JANE HALONEN UWF PROFESSOR 0 137743 0 4000 0 200 0 11596 0 16598 0 170137 0 0 CHULA KING UWF PROFESSOR 0 244388 0 4000 0 0 0 20159 0 16598 0 285145 0 0 DOUG WAGGLE UWF PROFESSOR 0 166486 0 4000 0 31013 0 14406 0 16598 0 232503 0 0 GEORGE ELLENBERG PROVOST/SR. VICE PRESIDENT 0 235767 0 44550 0 3088 0 19687 0 18494 0 321586 0 0 STEVEN CUNNINGHAM CHIEF EXECUTIVE OFFICER -BEI 0 215897 0 4000 0 24000 0 48131 0 18485 0 310513 0 0 A UNIVERSITY OF WEST FLORIDA FOUNDATION INC SERIES 2016A 596166292 915241AX1 2016-12-14 28994560 REFUND SERIES 2009 CONSTRUCTION BOND AND SERIES 2011 DORMATORY REVENUE BONDS 1 0 0 B UNIVERISTY OF WEST FLORIDA FOUNDATION INC SERIES 2016B 596166292 000000000 2016-12-14 8635000 EXCHANGE FOR THE ESC. COUNTY HOUSING FINANCE AUTHORITY 2016 DORM. REV. BONDS 0 0 0 C UNIVERSITY OF WEST FLORIDA FOUNDATION INC SERIES 2016C 596166292 000000000 2016-12-14 13683345 EXCHANGE FOR THE ESC. COUNTY HOUSING FINANCE AUTHORITY 2015 DORM. REV. BONDS 0 0 0 A 28994560 29702310 292250 1 1 1 1 B 8635000 0 0 1 1 C 13683345 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 A 0 B 0 C 0 SCHEDULE K SUPPLENTAL INFORMATION DURING FISCAL YEAR 2017, THE FOUNDATION PUBLICALLY ISSUED ADVANCED REFUNDING REVENUE BONDS (SERIES 2016A) OF $28,000,000 TO DEFEASE THE SERIES 2009 AND 2011 OUTSTANDING HOUSING REVENUE BONDS FOR THE PURPOSE OF CONSOLIDATION AND TO ACHIEVE DEBT SERVICE COVERAGE SAVINGS. ADDITIONALLY, ESCAMBIA COUNTY HOUSING FINANCE AUTHORITY WAS REMOVED AS A SPONSOR. THE FOUNDATION HAS PLACED THE PROCEEDS FROM THE REFUNDING IN IRREVOCABLE ESCROW ACCOUNTS WITH TRUST AGENT TO ENSURE PAYMENT OF DEBT SERVICE OF THE REFUNDED BONDS. SIMULTANEOUS WITH THE ISSUE OF THE SERIES 2016A, THE SERIES 2010 AND 2015 BONDS WERE REISSUED BY PRIVATE PLACEMENT TO THE EXISTING HOLDERS UNDER SERIES 2016B AND SERIES 2016C, RESPECTIVELY. THE TERMS REMAIN SUBSTANTIALLY THE SAME WITH THE EXCEPTION OF REMOVAL OF ESCAMBIA COUNTY HOUSING FINANCE AUTHORITY AS SPONSOR. PART II PROCEEDS: COLUMN A (3) GROSS PROCEEDS FOR THE SERIES 2016A EXCEEDS ISSUE PRICE AS PROCEEDS INCLUDE RELEASED RESERVE FUNDS FROM SERIES 2009. X 107 1388420 APPRAISED VALUE X 110 76591 IMMEDIATE SALE-3RD PARTY X 4 80029 SALE, PRICE AVERAGING X 1 6000000 APPRAISED VALUE TANGLE X SHARED SERVICES 1 761521 PER FASB ASC 958 X FURNITURE & EQUIPMMENT 92 459505 APPRAISED VALUE - TA X PROGRAM SUPPORT 2 272220 FAIR MARKET VALUE X PROGRAM SUPPORT 11 4000 FAIR MARKET VALUE 9042286 0 1 1 PART I, LINE 32B: SCHEDULE M, LINE 32B: THE FOUNDATION CONTRACTS WITH CHARITABLE ADULT RIDES & SERVICES ("CARS") TO OPERATE ITS VEHICLE DONATION PROGRAM. CARS ACTS AS FOUNDATION'S AUTHORIZED AGENT TO ACCEPT DONATED VEHICLES AND SUBSEQUENTLY SELL THEM AT DEALERS, WHOLESALERS OR AT AUCTIONS. SUBSEQUENT TO THE SALE OF THE VEHCILE(S),CARS REMITS TO THE FOUNDATION PROCEEDS LESS APPLICABLE COMMISSIONS. SCHEDULE M, LINES 1,15,26: DURING FY 2018, THE FOUNDATION WAS GIFTED AN ESTATE KNOWN AS "TIMELESS TANGLEWOOD." THE GIFT INCLUDED LAND, A RESIDENTIAL BUILDING AND FURNITURE & FIXTURES WITH APPRAISED VLAUES OF $880,000, $5,120,000 (LESS CLOSING COSTS) AND $459,505, RESPECTIVELY. THE ESTATE ALSO GIFTED THE FOUNDATION WORKS OF ART WITH A TOTAL APPRAISED VALUE OF $1,388,420. SCHEDULE M, LINES 27 AND 28: PROGRAM SUPPORT REPRESENTS NON-CASH CONTRIBUTIONS OF EQUIPMENT, FURNITURE, ANTIQUES, AWARDS AND OTHER ITEMS DONATED TO VARIOUS UNIVERSITY DEPARTMENTS. A MARKET VALUE OF $1,000 IS ASSIGNED IF THE PERCEIVED VALUE IS GREATER THAN $1,000 BUT LESS THAN $10,000 SINCE THE COST OF APPRAISAL OR OUTSIDE VALUATION WOULD EXCEED THE BENEFIT OF THE DONATION. SCHEDULE M, LINES 1 THROUGH 28: THE NUMBER OF ITEMS RECEIVED ARE REPORTED IN LINES 6,15,26 AND 27. THE VALUE OF THE CONTRIBUTIONS RECEIVED ARE REPORTED IN LINES 1,9,25 AND 28. FORM 990, PART VI, SECTION A, LINE 7B BOG MUST APPROVE THE FOUNDATION BOARD OF DIRECTORS FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY FOUNDATION STAFF IN CONSULTATION WITH CFO AND SELECTED BOARD OF DIRECTORS. AFTER IMPLEMENTING COMMENTS AND SUGGESTIONS, FOUNDATION STAFF PREPARES THE FORM 990 FOR FILING. A COPY OF FORM 990 IS POSTED TO FOUNDATION'S WEBSITE AND DITRIBUTED TO BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, EACH BOARD MEMBER RECEIVES A CONFLICT OF INTEREST QUESTIONNAIRE. ALL BOARD MEMBERS ARE REQUIRED TO FILL OUT AND SIGN THE QUESTIONNAIRE. BOARD MEMBERS OR OFFICERS WHO HAVE DECLARED OR HAVE BEEN FOUND TO HAVE A CONFLICT OF INTEREST SHALL REFRAIN FROM CONSIDERATION OF PROPOSED TRANSACTIONS, UNLESS FOR SPECIAL REASONS THE BOARD OR ADMINISTRATION REQUESTS INFORMATION OR INTERPRETATION. PERSONS WITH CONFLICTS SHALL NOT VOTE OR PARTICIPATE IN DISCUSSION. ANY PROPOSED TRANSACTION IN WHICH A CONFLICT OF INTEREST HAS BEEN DECLARED OR FOUND TO EXIST MUST BE APPROVED BY A MAJORITY OF THE DISINTERESTED MEMBERS OF THE BOARD OR THE APPROPRIATE COMMITTEE OF THE BOARD AFTER DISCLOSURE OF THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY OF WEST FLORIDA'S BOARD OF TRUSTEES DETERMINES AND APPROVES ALL COMPENSATION. THE DETERMINATION INCLUDES CONSIDERING COMPENSATION RELATIVE TO THE MARKET LEVEL FOR THE JOB. CONSIDERATION MAY BE GIVEN TO SUBSTANTIAL, DIRECTLY RELATED EXPERIENCE AND COMPARABLE INTERNAL SALARIES, WHICH MAY INCLUDE FACTORS SUCH AS JOB PERFORMANCE AND LEVEL OF RESPONSIBILITY. FORM 990, PART VI, SECTION C, LINE 19 THE FONDATION MAKES THEIR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH THEIR WEBSITE AND UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN S/I AGREEMENT 22,388. LOSS FROM REFUNDED AND CANCELLED RESTRICTED CONTRIBUTIONS -3,637. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED. UNIVERSITY OF WEST FLORIDA 11000 UNIVERSITY PARKWAY PENSACOLA FL 32514 592976783 HIGHER EDUCATION FL 115(1) N/A N/A 0 WEST FLORIDA HISTORIC TRUST INC 120 CHURCH STREET PENSACOLA FL 32501 237009319 HISTORIC PRESERVATION FL 501(C)(3) 170(B)(1)(A)(IV) N/A 0 UWF BUSINESS ENTERPRISES INC 11000 UNIVERSITY PARKWAY BUILDING 1 PENSACOLA FL 32514 320367342 HIGHER ED DEVELOPMENT FL 501(C)(3) 170(B)(1)(A)(V) N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 1 1 WEST FLORIDA HISTORIC TRUST INC (INVESTMENT HELD BY THE UNIV R 1238296 ACCRUAL ACCOUNTING UNIVERSITY OF WEST FLORIDA (CASH BALANCES HELD BY THE UNIVERSITY) S 378796 ACCRUAL ACCOUNTING UNIVERSITY OF WEST FLORIDA (SALARIES AND RELATED COSTS) O 3049350 ACCRUAL ACCOUNTING UNIVERSITY OF WEST FLORIDA (SCHOLARSHIPS AND PROGRAM SERVICES) N 3524359 ACCRUAL ACCOUNTING UNIVERSITY OF WEST FLORIDA (FUNDRAISING) L 346255 ACCRUAL ACCOUNTING WEST FLORIDA HISTORIC TRUST INC - PENSACOLA MUSEUM OF ART R 4197160 APPRAISED VALUE, ACCRUAL ACCOUNTI