2019-05-15T12:47:28-07:00 2018-06-30 261726741 BCA WATSON RICE LLP 5 PENN PLAZA 15TH FL NEW YORK NY 100011810 990 2017-07-01 596175096 Florida Agricultural & Mechanical Univ Foundation Inc FLOR 8504125755 625 E Tennessee Street Suite 100 TALLAHASSEE FL 32308 Shawnta Friday-Stroud Exec Dir / VP of Adv 2019-05-15 true Carshena A Allison P01702223 2124477300 2017 2019-02-21 02:37:17Z Shawnta Friday-Stroud 625 E Tennessee Street Tallahassee FL 32308 99990741 false false X http://www.famu.edu/index.cfm?GiveToFAMU&Foun X 1966 FL The Foundation's purpose is to aid in the advancement of the Florida Agricultural and Mechanical University's objectives and purposes. 34 29 0 25 0 5746285 7887471 212189 0 15209134 10405534 3482994 3564020 24650602 21857025 8475100 4379127 0 2408989 1899826 0 1464197 8616808 8905638 19500897 15184591 5149705 6672434 129508941 133086440 8324316 7211539 121184625 125874901 The Foundation's purpose is to aid in the advancement of the Florida Agricultural and Mechanical University's objectives and purposes. false false 5895915 University support includes expenses incurred for receipt and administration of funds in support of the schools, colleges, institutes, units and programs of Florida A&M University, to include, but not limited to guest speakers, conference and operational expenses, travel, events and consulting services. 4379127 Scholarships and grants include charges for tuition fees, room and board, books and stipends for scholars in various academic disciplines. 10275042 true true false false false false false false false true true true false false true true true false false false false false false false true false false false false true false false false false false false false false false false false true false false false false true false false false true 133 0 true 0 false false false true OC false false false false false 0 false false false false false false false false false false X 34 29 false true false false false false false true true false false true true true true true true true true false X X Shawnta Friday-Stroud ED 8504125755 625 E Tennessee Street Suite 100 Tallahassee FL 323084933 Thomas Jones Chairman 1.00 0.00 X X 0 0 0 Hosetta Coleman Vice Chair 1.00 0.00 X X 0 0 0 Alfreda Blackshear Treasurer 1.00 0.00 X X 0 0 0 Elaine Armster Secretary 1.00 0.00 X X 0 0 0 Carmen Cummings Martin OAA Exec. Dir. 5.00 45.00 X 132380 0 18715 Gregory L Clark NAA Rep. 1.00 0.00 X 0 0 0 Chan Bryant Abney Director 1.00 0.00 X 0 0 0 Cheryl Harris Booker Director 1.00 0.00 X 0 0 0 William J Bryant Director 1.00 0.00 X 0 0 0 Keith Clinkscales Director 1.00 0.00 X 0 0 0 Lorin J Crenshaw Director 1.00 0.00 X 0 0 0 John M Crossman Director 1.00 0.00 X 0 0 0 Marcelia C Freeman Director 1.00 0.00 X 0 0 0 Jemal O Gibson Director 1.00 0.00 X 0 0 0 Clifton A Goins IV Director 1.00 0.00 X 0 0 0 John L Green Director 1.00 0.00 X 0 0 0 Joseph W Hatchett Director 1.00 0.00 X 0 0 0 Lisa R LaBoo Director 1.00 0.00 X 0 0 0 Laurence A Humphries Director 1.00 0.00 X 0 0 0 Phyllis Taite Director 1.00 0.00 X 0 0 0 Kenneth M Neighbors Director 1.00 0.00 X 0 0 0 Lenetra King Director 0.00 0.00 X 0 0 0 G Scott Uzzell Director 1.00 0.00 X 0 0 0 Twuanna Ward Director 1.00 0.00 X 0 0 0 Tirrell D Whittley Director 1.00 0.00 X 0 0 0 Larry Robinson President 50.00 0.00 X X 433844 0 18715 Rakeem Ford Director 1.00 0.00 X 0 0 0 Wanda Ford Director 1.00 0.00 X 0 0 0 Monica Williams Harris Director 1.00 0.00 X 0 0 0 Erica Hill Director 1.00 0.00 X 0 0 0 Belvin Perry Jr Trustee 1.00 0.00 X 0 0 0 Shawnta Friday-Stroud Executive Direc 50.00 0.00 X 217915 0 15821 George Cotton Sr Executive Dir. 50.00 25.00 X 171515 0 11781 Juanita Johnson Bus Mgr/Int CFO 50.00 0.00 X 151278 0 8314 1106932 73346 5 false true false Metz Culinary Management 2 Woodland Drive Dallas PA 18612 Catering Services 286919 1 249481 199107 7438883 201877 7887471 0 1544098 1544098 0 0 75355 75355 75355 75355 86900239 78038803 8861436 8861436 8861436 93580 199107 94913 -1333 -8667 0 0 Administrative Fees 561000 2032394 2032394 Miscellaneous income 900099 1174860 1174860 Other Income 900099 282744 282744 3489998 21857025 5034096 8928124 4379127 4379127 0 0 0 1180278 675959 504319 0 719548 412093 307455 0 0 0 0 140706 24000 116706 50000 50000 0 0 535326 456422 78904 714827 669992 44835 0 440754 271223 55625 113906 0 0 34592 34579 13 538990 344739 46506 147745 0 187956 114539 24329 49088 469 469 0 18403 18403 26039 9849 16190 Administrative charges 2032394 2032394 Other University Support 1489179 1489179 Entertainment & dinners 769574 502861 51201 215512 Bad debts 540717 540717 1385712 914011 270082 201619 15184591 10275042 3445352 1464197 1662943 1756991 0 4070697 7008811 0 0 0 0 0 472898 509726 298277 143366 168313 154911 96170323 112268331 21952631 11252176 0 0 5011136 135494 129508941 133086440 365681 1703887 5770281 3080514 2188354 2427138 8324316 7211539 X 2080195 2359620 32549649 35998225 86554781 87517056 121184625 125874901 129508941 133086440 6672434 -1982158 X false true X true false X 3305726 7316476 5526146 6303757 7981051 30433156 0 0 3305726 7316476 5526146 6303757 7981051 30433156 1552377 28880779 2499632 2584482 2180929 2397180 1544098 11206321 0 0 41639477 7854766 0.69360 0.62680 X 109281354 962275 6247606 5393948 12714531 2032394 96350362 100263747 2300692 12252326 3539915 1995496 109281354 120741863 2147173 1368357 -4425503 -3956639 -15611504 100263747 121615553 1406712 2358780 -1748972 -1707219 -1182991 120741863 107907063 628708 17858254 -1803542 -1757044 -1217886 121615553 0.90000 0.10000 false false false 27000 27000 134372 30141 104231 136905 113225 23680 154911 F 11252176 Agency Liability 2423761 Other liability 3377 2427138 X 21857025 21857025 21857025 15184591 15184591 15184591 Part V, Line 4: Intended uses of the endowment fund. THE ENDOWMENT FUNDS ARE USED TO FURTHER THE EDUCATION AND WELFARE OF FLORIDA A&M UNIVERSITY (FAMU), ITS FACULTY AND STUDENTS; TO ATTRACT EXPERIENCED AND SCHOLARLY INSTRUCTORS, EDUCATORS AND SCIENTISTS; TO IMPROVE THE EDUCATIONAL FACILITIES, INCLUDING HOUSING AND TEACHING AIDS; AND TO PROVIDE SCHOLARSHIPS FOR NEEDY STUDENTS. Part X : FIN48 Footnote The Foundation is a non-profit corporation exempt from Federal income taxes under Internal Revenue Code Section 501(a) as an organization described in Section 501(c)(3), with the exception of any unrelated business income. The Foundation is classified as an organization operated for the benefit of a college or university owned or operated by a governmental unit described in Section 170(b)(1)(A)(iv).The Foundation has reviewed its tax status and related filings and determined that there are no uncertain tax positions for which an obligation needs to be recorded pursuant to the Income Taxes Topic (ASC 740). X X X X X X X true F&S Campaign Breakfast 148512 148512 595 8072 Homecoming Gala 93580 93580 2743 83503 1 50595 50595 292687 199107 93580 3338 91575 94913 -1333 X X X true true X X X false false false false false false false false false false Carmen Cummings Martin OAA Exec. Dir. 132380 18715 151095 George Cotton Sr Executive Dir. 171515 11781 183296 Juanita Johnson Bus Mgr/Int CFO 151278 8314 159592 Larry Robinson President 433844 18715 452559 Shawnta Friday-Stroud Executive Direc 217915 15821 233736 Part I, Line 1a: Relevant information in regards to selections on 1a. The Foundation provides the President a housing allowance which is included as taxable compensation and is authorized in the President's employment contract. The Foundation paid for social club dues and initiation fees specifically for fundraising purposes for the President. The University President's contract authorizes the Foundation to provide the President with club memberships for bona fide business related purposes (e.g. fundraising events, etc.) to further enable him to carry out his duties as President. The Foundation paid for reasonable travel expenses for the President's spouse when accompanying him on University-related business, serving a bona fide business purpose, up to a maximum of $5,000 annually which is authorized by the University President's contract. X 3 201877 false false false Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company Florida Agricultural and Mechanical University employs the individuals delegated to operate the management duties of the Foundation. Form 990, Part VI, Line 11b: Form 990 Review Process The Form 990 is reviewed and approved by the Foundation Audit Committee and once approved is then forwarded to the full Foundation Board for its review and approval. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The Foundation's conflict of interest policy requires disclosure of conflicts by board members. On July 1, the beginning of each fiscal year, conflict of interest disclosure forms are forwarded to each board member. Any responses that indicate a possible conflict of interest is reviewed by the board chair, Vice President/Executive Director, University President and General Counsel to determine whether further action is necessary. This policy was fully adopted by the board on November 21, 2009 and amended by the full board on June 23, 2011. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management The Foundation Compensation Committee approves compensation, in advance of payment, to the covered individual, the committee relies on comparability data that demonstrate the fair market value of the compensation in question (e.g. expert compensation studies by independent firms and written job offers for positions at similar organizations, etc.), then the committee documents how it reached its decision, including the data on which it relied to make the decision and then prepares a recommendation for submission to the Board of Directors for review and approval. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The Foundation Compensation Committee approves compensation, in advance of payment, to the covered individual, the committee relies on comparability data that demonstrate the fair market value of the compensation in question (e.g. expert compensation studies by independent firms and written job offers for positions at similar organizations, etc.), then the committee documents how it reached its decision, including the data on which it relied to make the decision and then prepares a recommendation for submission to the Board of Directors for review and approval. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available All governing documents are made available after submission of a public records request. Also, the Foundation's Form 990s are available on our web site for the previous five (5) years. FORM 990, PART 1, QUESTION 5 FAMU FOUNDATION RECEIVES BILLINGS FROM AND PAYS/REIMBURSES THE UNIVERSITY CONTROLLER'S OFFICE FOR COMPENSATION AND BENEFITS DUE TO EMPLOYEES SERVING THE FOUNDATION. THE EMPLOYEES ARE PAID DIRECTLY BY THE FLORIDA A&M UNIVERSITY, TALLAHASSEE, FL 32301. THESE AMOUNTS ALSO CORRESPOND TO THE NOTE FOR SCHEDULE J BELOW. FORM 990, PART VIII LINE 11A ADMINISTRATIVE FEES REPRESENT PAYMENTS RECEIVED BY FAMU FOUNDATION FROM THE CONTRIBUTORS TO SUPPORT THE ACTIVITIES OF THE FAMU FOUNDATION. THEY ARE BASED ON SIZE AND TYPE OF DONATIONS RECEIVED BY THE UNIVERSITY. SCHEDULE J, PART II THE AMOUNTS LISTED ON LINE (i) OF SCHEDULE J, REPRESENT THE AMOUNT OF COMPENSATION THAT THE FOUNDATION REIMBURSES TO THE UNIVERSITY FOR EMPLOYEE COMPENSATION EXPENSES. THE AMOUNTS REPORTED ON LINE (ii) REPRESENT THE AMOUNTS PAID DIRECTLY BY THE UNIVERSITY AND ARE NOT REIMBURSABLE BY THE FOUNDATION. Florida A&M University South Adams Street Tallahassee FL 32307 590977035 Degree granting institutions FL 501(c)(3) School NA false false true false false false false false false false true false false true false false false false true false Florida A&M University b 4379127 Actual Payment Florida A&M University j 6000 Actual Payment Florida A&M University m 555845 Actual Payment Florida A&M University r 321825 ACTUAL PAYMENT