2018-05-09T12:41:12-05:00 2017-06-30 420714325 RSM US LLP 7351 OFFICE PARK PL MELBOURNE FL 32940 990 2016-07-01 596211832 UNIVERSITY OF CENTRAL FLORIDA FOUNDATION INC UNIV 4078821220 12424 RESEARCH PARKWAY NO 140 ORLANDO FL 32826 ALBERT J FRANCIS II CPA CFO 4078821220 2018-05-09 1 THERESA A BURDINE CPA P00362629 3217516200 2016 2022-09-23 18:48:47Z MISTY SHEPHERD 12424 RESEARCH PARKWAY NO 140 ORLANDO FL 32826 97477326 0 X WWW.UCFFOUNDATION.ORG X 1968 FL THE UCF FOUNDATION ENCOURAGES, STEWARDS AND CELEBRATES CHARITABLE CONTRIBUTIONS FROM ALUMNI AND FRIENDS TO SUPPORT THE UNIVERSITY OF CENTRAL FLORIDA. THE UCF FOUNDATION, INC. IS A NOT-FOR-PROFIT ORGANIZATION THAT ENHANCES THE MISSION AND VISION OF THE UNIVERSITY OF CENTRAL FLORIDA THROUGH ITS FUNDRAISING ACTIVITIES. THROUGH THE FOUNDATION, PRIVATE SUPPORT HAS HELPED UCF ESTABLISH ITSELF AS A MAJOR METROPOLITAN UNIVERSITY. 32 28 0 600 44206 38285 41260393 43803018 2798419 2945024 1160526 6147426 3536273 3633878 48755611 56529346 16738423 21125968 0 0 10286460 12647701 543734 346283 7876150 8851272 10274575 36419889 44394527 12335722 12134819 301233535 320594673 29982558 27319993 271250977 293274680 X THE UCF FOUNDATION ENCOURAGES, STEWARDS AND CELEBRATES CHARITABLE CONTRIBUTIONS FROM ALUMNI AND FRIENDS TO SUPPORT THE UNIVERSITY OF CENTRAL FLORIDA. 0 0 10991519 10937862 2055618 ATHLETICS EXPENSES PAID IN SUPPORT OF THE UNIVERSITY OF CENTRAL FLORIDA ATHLETICS PROGRAM ENHANCE THE OVERALL ACADEMIC AND ATHLETIC EXPERIENCE FOR STUDENTS AND HELP PROVIDE FUNDS NECESSARY FOR UCF ATHLETICS TO CONTINUE DEVELOPING A NATIONALLY COMPETITIVE ATHLETICS PROGRAM. FUNDS HELP ASSIST UCF ATHLETICS IN PROVIDING THE RESOURCES NECESSARY FOR UCF STUDENT ATHLETES TO SUCCEED IN THE CLASSROOM AND IN COMPETITION. 6097346 4167929 31199 ACADEMIC EXPENSES PAID IN SUPPORT OF THE UNIVERSITY OF CENTRAL FLORIDA PROGRAMS INCLUDE FUNDING FOR PROGRAM EXPENSES AND SALARIES FOR UNIVERSITY EMPLOYEES. ACADEMIC SUPPORT HELPS THE UNIVERSITY'S OUTSTANDING FACULTY INSPIRE STUDENTS, FOSTER AND ENHANCE STRONG ACADEMIC PROGRAMS, AND SERVE AS A KEY ELEMENT TO INSTITUTIONAL GREATNESS. ENDOWED CHAIRS, EMINENT SCHOLARS, AND DISTINGUISHED PROFESSORS ARE PRESTIGIOUS ACADEMIC POSITIONS HELD BY THE UNIVERSITY'S MOST ACCOMPLISHED FACULTY. SPENDING TO SUPPORT THESE POSITIONS MEANS THAT ACADEMIC EXCELLENCE WILL BE MAINTAINED AND SUPPORT FOR RESEARCH PROJECTS AND INNOVATIVE PROGRAMS ARE AT THE HEART OF THE UCF LEARNING EXPERIENCE. OPPORTUNITIES, CURRICULUM DEVELOPMENT, INTERNSHIPS, INTERDISCIPLINARY WORK, EXPERIENTIAL LEARNING, AND ACADEMIC ENRICHMENT ALL REQUIRE PRIVATE SUPPORT. 3712488 3704294 23757 STUDENT AID - THE UCF FOUNDATION IS DEDICATED TO ENRICHING THE LIVES OF UCF STUDENTS; THEREFORE, THE FOUNDATION SOLICITS DONATIONS TO SUPPORT SCHOLARSHIPS TO BENEFIT UCF STUDENTS. SCHOLARSHIPS ARE DESIGNED TO REWARD, ENCOURAGE AND ASSIST STUDENTS IN PURSUING ACADEMIC EXCELLENCE. SCHOLARSHIPS HELP ATTRACT A DIVERSE STUDENT BODY THAT CONTINUES TO BRING VARIOUS TALENTS AND AMBITIOUS GOALS TO ALL FACETS TO THE UNIVERSITY. SCHOLARSHIP FUNDS ARE TRANSFERRED TO THE UNIVERSITY FOR ADMINISTRATION AND PROCESSING. 8697068 2315883 888872 RESEARCH: RESEARCH IS CONDUCTED ON AN INDIVIDUAL AND COLLABORATIVE BASIS BY FACULTY WHO FOCUS ON THEIR PARTICULAR AREAS OF ACADEMIC DISCIPLINE. UCF HAS NUMEROUS NATIONALLY AND INTERNATIONALLY RECOGNIZED RESEARCH INSTITUTES DEVOTED TO INNOVATIVE RESEARCH AND DEVELOPMENT. ALUMNI RELATIONS: ENHANCES THE LIVES OF UCF ALUMNI, PARENTS, STUDENTS AND FRIENDS BY FOSTERING A MUTUALLY BENEFICIAL RELATIONSHIP WITH THE UNIVERSITY OF CENTRAL FLORIDA. GENERAL UNIVERSITY SUPPORT: THE FOUNDATION ALSO ADMINISTERS EXPENSES TO SUPPORT GENERAL AREAS AND PROGRAMS OF THE UNIVERSITY. 8697068 2315883 888872 29498421 1 1 0 1 0 0 1 0 0 1 1 1 0 0 1 0 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 1 X 129 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 X 32 28 1 0 1 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 0 0 0 AK CA KY MD MA MI MN NH NJ NY OK OR SC UT WI X X MISTY SHEPHERD 4078821220 12424 RESEARCH PARKWAY SUITE 140 ORLANDO FL 32826 JUDY ALBERTSON DIRECTOR 1.00 X 0 0 0 RICHARD O BALDWIN JR DIRECTOR 1.00 X 0 0 0 SCOTT BUESCHER DIRECTOR 1.00 X 0 0 0 GIDEON LEWIS DIRECTOR 1.00 X 0 0 0 PHYLLIS KLOCK DIRECTOR/IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 RONALD C THOW DIRECTOR/SECRETARY 1.00 X X 0 0 0 RICHARD J WALSH DIRECTOR 1.00 X 0 0 0 MIKE OKATY DIRECTOR 1.00 X 0 0 0 BRUCE GOULD DIRECTOR 1.00 X 0 0 0 J OSCAR RODRIGUEZ DIRECTOR 1.00 X 0 0 0 JOSEPH MELBOURNE DIRECTOR 1.00 X 0 0 0 DR JOHN C HITT EX-OFFICIO DIR/PRESIDENT OF UCF 1.00 X 0 0 0 MARCOS MARCHENA EX-OFFICIO DIR/CHAIR UCF BOT 1.00 X 0 0 0 ANTONIO MORENO DIRECTOR/CO-VICE CHAIR 1.00 X X 0 0 0 RITA ADLER DIRECTOR 1.00 X 0 0 0 MELANIE FERNANDEZ DIRECTOR/TREASURER 1.00 X X 0 0 0 SURESH GUPTA DIRECTOR 1.00 X 0 0 0 DAVID BOONE DIRECTOR 1.00 X 0 0 0 LORETTA COREY DIRECTOR 1.00 X 0 0 0 JOHN D EULIANO SR DIRECTOR/VICE-CHAIR 1.00 X X 0 0 0 DIANE MAHONY DIRECTOR 1.00 X 0 0 0 MARY BETH MORGAN DIRECTOR 1.00 X 0 0 0 JOYCE VIRGA DIRECTOR 1.00 X 0 0 0 ALAN FLORES DIRECTOR 1.00 X 0 0 0 JAMES A JAHNA SR DIRECTOR 1.00 X 0 0 0 JAMES W FERRELL DIRECTOR 1.00 X 0 0 0 NELSON J MARCHIOLI DIRECTOR/CHAIR 1.00 X X 0 0 0 MARGERY L PABST DIRECTOR 1.00 X 0 0 0 DOUGLAS GEARITY DIRECTOR 1.00 X 0 0 0 TRACEY HENLEY DIRECTOR 1.00 X 0 0 0 MICHAEL J MORSBERGER CHIEF EXECUTIVE OFFICER 40.00 X 461439 0 43384 MISTY SHEPHERD CHIEF FINANCIAL OFFICER 40.00 X 122199 0 27713 DORCAS WILKINSON CHIEF OPERATING OFFICER 40.00 X 88958 0 6597 KAREN COCHRAN SR ASSOC VP FOR ADVANCEMENT 40.00 X 268745 0 35403 ANNE BOTTERI ASST VP COMMUNICATIONS/MKT 40.00 X 164176 0 23713 RACHAEL SCHAEFER ASSISTANT VP DEVELOPMENT 40.00 X 172190 0 22048 JULIE STROH SR ASSOC VP ADV, ALUMNI ENGAGEMENT 40.00 X 209726 0 36666 WILLIAM DEAN ASSOCIATE VP ADV, PRINCIPAL GIFTS 40.00 X 211732 0 24079 JEFFREY COATES ASSOCIATE VP ADV, COLLEGE & UNITES 40.00 X 190887 0 14688 ROBERT J HOLMES JR FORMER CEO 40.00 X 103038 0 72776 BEN MCMAHAN FORMER CHIEF OPERATING OFFICER 40.00 X 114502 0 28104 2107592 0 335171 10 1 1 0 CUSHMAN & WAKEFIELD 12424 RESEARCH PARKWAY ORLANDO FL 32826 BUILDING MANAGEMENT SERVICES 511759 BLACKBAUD PO BOX 930256 ATLANTA GA 31193 CONSULTING SERVICES 365484 GMI GROUP INC 470 SATELLITE BLVD NE STE R SUWANEE GA 30024 MAINTENANCE 356540 DIGITAL CONVERGENCE ALLIANCE INC PO BOX 50008 COLUMBIA SC 29250 MASTER CONTROL SERVICES FOR WUCF TV 336656 MECHANICAL SERVICES OF CENTRAL FLORIDA 9820 SATELLITE BLVD ORLANDO FL 32837 MAINTENANCE 322035 16 4782405 458825 11939937 26621851 2191021 43803018 PROGRAM REVENUES 611710 2945024 2945024 2945024 1956608 1956608 259999 18507 241492 9899103 6518817 3380286 3380286 3380286 38370738 34179920 4190818 4190818 4190818 220116 458825 241434 -21318 13195 -34513 15881 7809 8072 8072 ADVERTISING REVENUE 541800 3765 3765 MISCELLANEOUS REVENUE 900099 3074 2407 667 6839 56529346 2947431 44206 9734691 21061486 21061486 64482 64482 1252401 498743 753658 8707047 2182234 2602764 3922049 631572 109487 210153 311932 1372500 287625 560829 524046 684181 126087 235140 322954 15079 4500 10579 102480 102480 189724 189724 346283 346283 618682 618682 1655251 627547 338355 689349 172032 123931 32578 15523 834257 411421 96589 326247 1031067 93116 918089 19862 495114 313580 59550 121984 639190 482064 59573 97553 154052 139638 14414 96746 6667 90079 91029 32422 58607 UCF PROGRAMING 1588377 1588377 BANQUETS & RECEPTIONS 912241 752568 15838 143835 ALL OTHER EXPENSES 628903 353004 100593 175306 FURNITURE, EQUIPMENT & 497330 358570 101611 37149 553021 189891 294710 68420 44394527 29498421 7019956 7876150 1800 1800 17789398 22865176 22300277 24402780 136968 135562 538623 2352450 473541 990127 101892697 26237078 75937526 75655619 84763697 104882567 98963925 88990231 327780 318361 301233535 320594673 2078724 1623356 1922397 1986741 22465883 22033020 2855000 1130000 660554 546876 29982558 27319993 X 92450529 108392482 52604837 54451036 126195611 130431162 271250977 293274680 301233535 320594673 12134819 9888884 0 X X 0 1 X 1 0 X 25608046 22651576 29500099 41260393 43802712 162822826 25608046 22651576 29500099 41260393 43802712 162822826 162822826 12747309 13868330 12262411 11601797 12097203 62577050 136524 102758 151417 95752 44206 530657 369330 39086 1277 274 2407 412374 226342907 14821929 0.71940 0.68820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1 0 0 1 185273 0 1 4451 189724 0 PART II-B, LINE 1: THE FOUNDATION PROVIDES FUNDING FOR GOVERNMENTAL RELATIONS AND LOBBYING EFFORTS ON BEHALF OF THE UNIVERISTY. THE GOVERNMENT RELATIONS INCLUDE CULTIVATING, MAINTAINING, AND ENHANCING THE LINK BETWEEN UCF AND THE VARIOUS PUBLICS IT SERVES AND TO CREATE AND IMPLEMENT COMMUNITY-BASED PROGRAMS. THIS IS TO INCREASE KNOWLEDGE AND UNDERSTANDING OF THE UNIVERSITY WITHIN KEY EXTERNAL COMMUNITIES. X 1 0.25 0 1 0 1.00 0 146460803 4718583 14757487 1195132 3914450 3918346 156908945 150688036 3395955 1519006 1579101 3903831 3659262 146460803 154614861 3877774 911663 1314156 3642735 3759372 150688036 135494628 2550623 23691905 749717 2812345 1560232 156614861 122629469 2339881 15093797 359349 1010983 3198187 135494628 0.03370 0.96630 0.00000 0 0 53640384 53640384 34455715 16634921 17820794 11267889 7904235 3363654 648702 649800 -1098 1880007 1048122 831885 75655619 HEXAVEST WORLD EQUITY FUND 14223983 F MAXEY/DUGGAR PROPERTY 3600000 F OTHER SECURITIES < 5% OF TOTAL INVESTMENTS 71166248 F 88990231 TENANT SECURITY & KEY DEPOSIT 38028 ANNUITY PAYMENT LIABILITY 508848 546876 72533154 9888884 6768061 16656945 55876209 653137 653137 56529346 50509451 6768061 6768061 43741390 653137 653137 44394527 PART II, LINE 9: THE FOUNDATION HAS ONE CONSERVATION EASEMENT (50 FOOT CONSERVATION EASEMENT FOR DRAINAGE ALONG THE EASTERLY BOUNDARY OF THE PROPERTY), WHICH WAS INCLUDED IN THE VALUE OF THE LAND ON THE FOUNDATION'S BALANCE SHEET. PART V, LINE 4: THE FOUNDATION AUTHORIZES SPENDING FROM ITS ENDOWMENT TO SUPPORT THE UNIVERSITY'S STUDENT SCHOLARSHIPS, ACADEMIC CHAIRS, PROFESSORSHIPS, AND ACADEMIC PROGRAMS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSES NETTED AGAINST RENTAL REVENUE 6,518,817. FUNDRAISING EVENT EXPENSES NETTED AGAINST FUNDRAISING EVENT REVENUE 241,435. MERCHANDISE SALES EXPENSE NETTED AGAINST MERCHANDISE SALES REVENUE 7,809. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED AGAINST INVESTMENT REVENUE 618,682. VALUE OF ANNUITY PAYMENTS NETTED AGAINST REVENUE 34,455. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSES NETTED AGAINST RENTAL REVENUE 6,518,817. FUNDRAISING EVENT EXPENSES NETTED AGAINST FUNDRAISING EVENT REVENUE 241,435. MERCHANDISE SALES EXPENSE NETTED AGAINST MERCHANDISE SALES REVENUE 7,809. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED AGAINST INVESTMENT REVENUE 618,682. VALUE OF ANNUITY PAYMENTS NETTED AGAINST REVENUE 34,455. X X X X X X X 1 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 503030718 CALL CENTER 0 222971 226975 -4004 THOMAS MITCHELL & ASSOCIATES LLC 2580 EAST 5TH STREET POMPANO BEACH FL 33062 CONSULTANTS 0 0 70000 -70000 PAUL BAKER 6559 LAKE PEMBROKE PLACE ORLANDO FL 32829 CONSULTANTS 0 0 25000 -25000 ROAN ONTROP DIRECT 5535 MOCCASIN DRIVE WESTERVILLE OH 43081 CONSULTANTS 0 0 17923 -17923 SUSAN SHULLAW & ASSOCIATES PO BOX 2328 IOWA CITY IA 52240 CONSULTANTS 0 0 7935 -7935 222971 347833 -124862 AL AK AR CA CO CT FL GA HI IL KS KY ME MD MA MI MN MS MO NH NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI NV NJ ROSEN COLLEGE PINAPPLE BALL 141910 51320 90590 185 15150 16878 57241 COM 10TH AVNNIVERSARY CELEBRATION 310306 282650 27656 156 35402 2237 86178 5 221653 124605 97048 491 4535 14889 8092 673869 458575 215294 832 55087 34004 151511 241434 -26140 SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE FOUNDATION USED THE FOLLOWING FUNDRAISERS FOR THE CURRENT TAX YEAR: FOR THOMAS MITCHELL & ASSOCIATES LLC, PAUL L. BAKER, ROAN ONTROP DIRECT, AND SUSAN SHULLAW & ASSOCIATES, THERE WILL BE NO GROSS RECEIPTS GENERATED FROM THESE VENDORS SINCE THE VENDOR IS PROVIDING RESEARCH SUPPORT AND CONSULTING SERVCES TO THE FOUNDATION'S DEVELOPMENT OFFICE REGARDING SOLICITATION STRATEGIES. IN ADDITION TO PROFESSIONAL FEE EXPENSES PAID TO RUFFALO NOEL LEVITZ, SUSAN SHULLAW & ASSOCIATES, AND THOMAS MITCHELL & ASSOCIATES, LLC, THE FOUNDATION REIMBURSED THE COMPANIES $7,018.89, $869.81 AND $638.53 RESPECTIVELY. THIS WAS FOR BUSINESS TRAVEL AND INCIDENTAL EXPENSES IN ACCORDANCE WITH THE CONTRACTS. 0 UNIVERSITY OF CENTRAL FLORIDA 4000 CENTRAL FLORIDA BLVD ORLANDO FL 32816 592924021 501(C)(3) 9713941 FUNDING FOR PROGRAMS & SCHOLARSHIPS UCF GOLDEN KNIGHTS CORPORATION INC PO BOX 163555 ORLANDO FL 32826 203794571 501(C)(3) 3170273 ATHLETIC STADIUM SUPPORT UCF CONVOCATION CORPORATION INC 4000 CENTRAL FLORIDA BLVD ORLANDO FL 32816 161733312 501(C)(3) 1093166 CONVOCATION CENTER SUPPORT UCF ATHLETIC ASSOCIATION INC PO BOX 163555 ORLANDO FL 32826 592334448 501(C)(3) 6856903 ATHLETIC SCHOLARSHIP & PROGRAM SUPPORT UNIVERSITY CENTRAL FLORIDA RESEARCH FOUNDATION 12201 RESEARCH PARKWAY ORLANDO FL 32826 593086453 501(C)(3) 227203 RESEARCH ACTIVITY SUPPORT 5 TRAVEL & REGISTRATION PAYMENTS FOR VARIOUS STUDENTS 216 35952 PURCHASE PRICE TRAVEL/REGISTRATION TICKETS, CLOTHES, MEALS AND MISC FOR STUDENTS 139 4573 PURCHASE PRICE TICKETS/CLOTHES/MEAL BOOKS FOR STUDENTS 3 653 PURCHASE PRICE BOOKS FOR STUDENTS EDUCATIONAL EQUIPMENT AND SUPPLIES 1 350 PURCHASE PRICE EQUIPMENT/SUPPLIES OTHERS 8 22954 DOLLAR VALUE CASH AWARD PART I, LINE 2: DESCRIPTION OF ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANTS: THE FOUNDATION MAINTAINS THE APPROVED EXPENDITURE REQUEST WHICH SUBSTANTIATE THE GRANT AMOUNTS PROVIDED TO THE RECIPIENTS. THE FOUNDATION MAINTAINS DONOR INFORMATION, RELATED CONTRIBUTION DOCUMENTATION, AND ANY DONOR RESTRICTIONS OUTLINED BY THE DONOR INCLUDING SCHOLARSHIP CRITERIA. THE GRANTS ARE MADE TO THE UNIVERSITY OR UNIVERSITY AFFILIATED ENTITIES AND THE FOUNDATION RELIES ON THE POLICIES, PROCEDURES, AND CONTROLS ESTABLISHED BY THESE ENTITIES FOR EXPENDITURE TRACKING AND PROPER ADMINISTRATION OF THE GRANTS FOR SCHOLARSHIP AWARDS. X X X 1 1 X 0 0 0 0 0 0 0 0 0 MICHAEL J MORSBERGER CHIEF EXECUTIVE OFFICER 427875 0 800 0 32764 0 21468 0 21916 0 504823 0 0 0 KAREN COCHRAN SR ASSOC VP FOR ADVANCEMENT 260080 0 0 0 8665 0 20778 0 14625 0 304148 0 0 0 ANNE BOTTERI ASST VP COMMUNICATIONS/MKT 163376 0 800 0 0 0 13104 0 10609 0 187889 0 0 0 RACHAEL SCHAEFER ASSISTANT VP DEVELOPMENT 170815 0 800 0 575 0 13537 0 8511 0 194238 0 0 0 JULIE STROH SR ASSOC VP ADV, ALUMNI ENGAGEMENT 197606 0 0 0 12120 0 15854 0 20812 0 246392 0 0 0 WILLIAM DEAN ASSOCIATE VP ADV, PRINCIPAL GIFTS 201135 0 0 0 10597 0 15900 0 8179 0 235811 0 0 0 JEFFREY COATES ASSOCIATE VP ADV, COLLEGE & UNITES 184218 0 0 0 6669 0 14581 0 107 0 205575 0 0 0 ROBERT J HOLMES JR FORMER CEO 84471 0 15232 0 3335 0 66304 0 6472 0 175814 0 0 0 BEN MCMAHAN FORMER CHIEF OPERATING OFFICER 113239 0 800 0 463 0 23383 0 4721 0 142606 0 0 0 PART I, LINE 1A SUPPLEMENTAL COMPENSATION INFORMATION - 1. FIRST-CLASS OR CHARTER TRAVEL - FIRST CLASS TRAVEL PROVIDED TO THE PRESIDENT OF THE UNIVERSITY FOR HEALTH REASONS AND TO ACCOMODATE PREPARATION FOR MEETINGS. CHARTER FLIGHTS ARE PROVIDED FOR THE PRESIDENT AND OTHER EXECUTIVE LEADERSHIP TO TRAVEL TOGETHER AND SUFFICIENTLY PREPARE EN ROUTE TO MEETINGS. 2. TAX INDEMNIFICATION AND GROSS UP PAYMENTS - FOR VARIOUS UNIVERSITY EMPLOYEES, THE FOUNDATION MADE SUPPLEMENT PAYMENTS WHICH INCLUDED GROSSED-UP AMOUNTS FOR TAX PURPOSES. THE TOTAL GROSSED-UP AMOUNTS WERE INCLUDED IN THE EMPLOYEES' REPORTABLE TAXABLE COMPENSATION. 3. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES - THE FOUNDATION PROVIDES CERTAIN SOCIAL CLUB MEMBERSHIPS FOR FUNDRAISING, DONOR CULTIVATION, OR OTHER BUSINESS PURPOSES. THE PERSONAL PORTION OF THE MEMBERSHIPS IS INCLUDED IN THE INDIVIDUALS' TAXABLE COMPENSATION. PART I, LINE 7 THE UNIVERSITY PAYS CERTAIN EXECUTIVES BONUSES DETERMINED BASED ON PERFORMANCE GOALS RELATED TO QUALITY OF EDUCATION, INSTITUTIONAL GROWTH AND FUNDRAISING. SCHEDULE J, PART II ALL THE EMPLOYEES LISTED IN SCHEDULE J ARE EMPLOYEES OF THE UNIVERSITY OF CENTRAL FLORIDA, WHICH HAS BEEN DETERMINED TO BE AN UNRELATED ORGANIZATION FOR PURPOSES OF 990 REPORTING. DURING THE FISCAL YEAR, THE FOUNDATION PAID $570,585. TO THE UNIVERSITY RELATED TO COMPENSATION FOR DR. JOHN HITT, UCF PRESIDENT. IN ADDITIONAL, THE FOUNDATION PAID FOR OTHER BENEFITS SUCH AS MEMBERSHIPS AND AN AUTOMOBILE LEASE, WHICH WAS REPORTED TO UCF PAYROLL. A UNIVERSITY OF CENTRAL FLORIDA FOUNDATION INC 596211832 2008-12-30 10400000 REFUND PRIOR ISSUE 2008 0 0 0 B UNIVERSITY OF CENTRAL FLORIDA FOUNDATION INC 596211832 2009-12-17 12540000 REFUND PRIOR ISSUE 2009 0 0 0 A 1640000 10400000 2008 1 0 1 1 B 12433674 106326 2009 1 0 1 1 A 0 1 0 1 1 0.03850 0.03850 0 0 0 B 0 1 0 1 1 0.01500 0.01500 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 DR JOHN HITT EX-OFF DIR OF UCFF 709551 SUNTRUST ORLANDO (SEE SCHEDULE O) 0 PART IV DR HITT IS A DIRECTOR OF SUNTRUST, CENTRAL FLORIDA. THE UCF FOUNDATION PREVIOUSLY OBTAINED SEVERAL REAL ESTATE LOANS FROM SUNTRUST BANKS AND MADE PRINCIPAL AND INTEREST PAYMENTS DURING THE CURRENT YEAR TO SUNTRUST BANKS FOR THESE LOANS. IN ADDITION, THE UCF FOUNDATION HAS MADE PAYMENTS TO SUNTRUST BANKS FOR CUSTODIAL SERVICES RELATED TO THE FOUNDATION'S INVESTMENTS. X 1 X 0 X 0 X 28 2191021 FMV WHEN RECEIVED X EQUIPMENT 13 0 X SUPPLIES 23 0 X MISCELLANEOUS 2 0 1 0 1 1 PART I, LINE 32B: PART I, LINE 32A - USE OF THIRD PARTY TO SELL NONCASH CONTRIBUTIONS. THE FOUNDATION INSTRUCTS SUNTRUST, AS CUSTODIAN OF ITS INVESTMENTS, TO SELL ANY STOCK GIFTS RECEIVED BY THE FOUNDATION. STOCKS ARE VALUED AT THE AVERAGE OF THE HIGH AND LOW MARKET PRICE ON THE DAY OF RECEIPT. PART I, TYPES OF PROPERTY LINE 1, 4, 5, 9, 25, 26 & 27 THE FOUNDATION RECEIVED SEVERAL DONOR GIFT IN-KIND CONTRIBUTIONS DURING THE YEAR INCLUDING ART WORK. THESE GIFTS IN-KIND PASSED THROUGH THE FOUNDATION TO THE UNIVERSITY AND ARE NOT INCLUDED IN THE FOUNDATION'S REVENUE BECAUSE THE FOUNDATION ONLY SERVES AS AN AGENT FOR THE UNIVERSITY. FORM 990, PART V, LINE 2A NUMBER OF EMPLOYEES REPORTED ON FORM W3: ALL EMPLOYEES ARE UNIVERSITY OF CENTRAL FLORIDA EMPLOYEES; THEREFORE, THE UNIVERSITY OF CENTRAL FLORIDA ADMINISTERS THE EMPLOYEE COMPENSATION AND HUMAN RESOURCE PROCESS. FORM 990, PART VI, SECTION A, LINE 2 RITA ADLER HAS A BUSINESS RELATIONSHIP WITH RICHARD WALSH. FORM 990, PART VI, SECTION A, LINE 4 THE UCF FOUNDTAION BOARD APPROVED AN UPDATE TO THE BY LAWS ON 10/26/2017. AN UPDATED VERSION OF THE BY LAWS IS ATTACHED TO THE RETURN, BELOW IS THE SUMMARY OF THE CHANGES: ARTICLE 2: 1) ADDED OFFICE LOCATION (GOOD STANDARD PRACTICE). ARTICLE 3 1) IT IS NO LONGER 'OFFICERS', IT IS NOW 'ARTICLE 3. COMPOSITION OF THE BOARD.' 2) CLEARLY SPELL OUT THE MAKEUP OF THE BOARD AND THE MAX NUMBER (38). 3) CLARIFIES DUTIES AND PERMITS SERVICE ON A UNIVERSITY AFFILIATED COMMITTEE. 4) REMOVED CERTAIN EX OFFICIO DIRECTORS FROM BOARD COMPOSITION TO ADDRESS OPEN MEETINGS CONCERNS. 5) ADDED REMOVAL RIGHTS TO THE PRESIDENT. 6) MOVED MEETING/QUORUM/MINUTES REQUIREMENTS TO A SEPARATE SECTION SO IT IS CONTAINED IN ONE PLACE. 7) ADDITION OF THE PRESIDENT OF THE UCF ATHLETICS ASSOCIATION BOARD OF DIRECTORS AS A VOTING EX-OFFICIO DIRECTOR ARTICLE 4 1) IT IS NO LONGER 'COMMITTEES OF THE BOARD,' IT IS NOW 'ARTICLE 4. OFFICERS OF THE BOARD'. 2) UPDATED TO PROVIDE FOR EX-OFFICIO CORPORATE OFFICERS FOR OPEN MEETINGS REQUIREMENTS. 3) ALLOWS PRESIDENT TO APPOINT OFFICERS. ARTICLE 5 1) NEW SECTION DEDICATED TO OFFICER DUTIES. 2) ADDED REMOVAL RIGHTS TO THE PRESIDENT, EXCEPT FOR EX OFFICIO CORPORATE OFFICER. ARTICLE 6 1) UPDATED COMMITTEE STRUCTURE AND NUMBERS. 2) COMBINED DUE DILIGENCE AND DEVELOPMENT COMMITTEES INTO GOVERNANCE COMMITTEE. 3) MOVED INVESTMENT, REAL ESTATE AND IT COMMITTEES TO STANDING COMMITTEES. 4) REMOVED STRATEGIC PLANNING COMMITTEE. 5) ALLOWS CHAIR TO ESTABLISH TASK FORCES, IN ADDITION TO OTHER COMMITTEES. ARTICLE 7 1) RELOCATED ALL THE GENERAL GOVERNANCE PROVISIONS HERE. 2) REQUIRES 2 BOARD MEETINGS PER YEAR, AS OPPOSED TO THREE. 3) MEETING NOTICE REQUIREMENT DECREASED FROM 10 DAYS TO 7 DAYS. ARTICLE 8 1) IT IS SAME AS THE PREVIOUS ARTICLE V. ARTICLE 9 1) IT IS THE SAME AS THE PREVIOUS ARTICLE VI. ARTICLE 10: 1) AMENDMENTS TO BYLAWS REQUIRE 5 DAYS NOTICE INSTEAD OF 15. 2) NONDISCRIMINATION UPDATED TO INCLUDE SEXUAL ORIENTATION. 3) CONFIDENTIAL AND EXEMPT FROM PUBLIC RECORDS PROVISION IS UPDATED TO INCLUDE INFORMATION THAT MAY BE DISCLOSED. ARTICLE 11 1) NEW DEFINITIONS SECTION ADDED TO STREAMLINE ABBREVIATIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FOLLOWING IS THE REVIEW AND DISTRIBUTION PROCESS FOR THE FOUNDATION'S ANNUAL FORM 990: THIS PROCESS SHALL BE FOLLOWED EACH YEAR PRIOR TO FILING THESE DOCUMENTS WITH THE IRS. 1) THE CFO AND CEO SHALL REVIEW BOTH THE FORM 990 AND THE FORM 990-T AND RESOLVE ANY OUTSTANDING ISSUES OR QUESTIONS WITH THE INDEPENDENT ACCOUNTING FIRM REVIEWING OR PREPARING THE FORMS BEFORE DISTRIBUTION TO THE AUDIT COMMITTEE OR THE BOARD. IT IS THE CFO'S AND CEO'S RESPONSIBILITY TO CONFIRM THAT THESE FORMS DO NOT CONTAIN ANY UNTRUE STATEMENTS OR OMIT ANY MATERIAL FACTS AS WELL AS ENSURE THE FINANCIAL INFORMATION FAIRLY REPRESENTS THE FOUNDATION'S FINANCIAL CONDITION FOR THE PERIOD BEING REPORTED. 2) THE AUDIT COMMITTEE SHALL REVIEW THE DRAFT FORM 990 PRIOR TO FILING WITH THE IRS AND SHALL DOCUMENT THEIR DISCUSSION AND REVIEW OF THE DOCUMENTS IN THE COMMITTEE MEETING MINUTES. FINAL REVIEW OF THE FORM 990 IS SPECIFICALLY DELEGATED TO THE AUDIT COMMITTEE AND NO FURTHER REVIEW SHALL BE REQUIRED BEFORE SUCH FORMS ARE FILED WITH THE IRS. 3) THE DRAFT FORM 990 SHALL BE PROVIDED TO EACH VOTING BOARD MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. DISTRIBUTION MAY BE IN THE FORM OF ELECTRONIC MAIL, NOTIFICATION LINK TO AN ELECTRONIC WEBSITE, OR ACTUAL MAILING OF THE DOCUMENT. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS, OFFICERS, COMMITTEE MEMBERS AND KEY EMPLOYEES SHALL BE REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE FORM. THIS ANNUAL DISCLOSURE FORM WILL REQUEST SPECIFIC INFORMATION REGARDING THE TERMS OF ANY CONTRACT OR TRANSACTION WITH THE FOUNDATION AND WHETHER PROCESS FOR APPROVAL SET FORTH IN THIS POLICY WAS USED. AN INTERESTED PERSON WHO HAS OR LEARNS ABOUT A POTENTIAL CONFLICT SHOULD DISCLOSE PROMPTLY TO THE CHAIR OF THE BOARD DUE DILIGENCE COMMITTEE AND THE FOUNDATION'S CFO THE MATERIAL FACTS SURROUNDING ANY POTENTIAL CONFLICT OF INTEREST, INCLUDING SPECIFIC INFORMATION CONCERNING THE TERMS OF ANY CONTRACT OR TRANSACTION WITH THE FOUNDATION. ALL EFFORTS SHOULD BE MADE TO DISCLOSE ANY SUCH CONTRACT OR TRANSACTION AND HAVE IT APPROVED BY THE COMMITTEE BEFORE THE ARRANGEMENT IS ENTERED INTO. FOLLOWING RECEIPT OF INFORMATION CONCERNING A CONTRACT OR TRANSACTION INVOLVING A POTENTIAL CONFLICT OF INTEREST. THE BOARD DUE DILIGENCE COMMITTEE SHALL CONSIDER THE MATERIAL FACTS CONCERNING THE PROPOSED CONTRACT OR TRANSACTION, INCLUDING THE PROCESS BY WHICH THE DECISION WAS MADE TO RECOMMEND ENTERING INTO THE ARRANGEMENT ON THE TERMS PROPOSED. THE COMMITTEE SHALL APPROVE ONLY THOSE CONTRACTS OR TRANSACTIONS IN WHICH THE TERMS ARE FAIR AND REASONABLE TO THE FOUNDATION AND THE ARRANGEMENT IS CONSISTENT WITH THE BEST INTEREST OF THE FOUNDATION. FAIRNESS INCLUDES, BUT IS NOT LIMITED TO, THE CONCEPTS THAT THE FOUNDATION SHOULD PAY NO MORE THAN FAIR MARKET VALUE FOR ANY GOODS OR SERVICES WHICH THE FOUNDATION RECEIVES AND THAT THE FOUNDATION SHOULD RECEIVE FAIR MARKET VALUE CONSIDERATION FOR ANY GOODS OR SERVICES THAT IT FURNISHES OTHERS. WHEN AN INTERESTED PERSON BECOMES AWARE OF A PROPOSED CONFLICT OF INTEREST TRANSACTION, HE OR SHE WILL HAVE A DUTY TO TAKE THE FOLLOWING ACTIONS: (A) IMMEDIATELY DISCLOSE THE EXISTENCE AND CIRCUMSTANCES OF SUCH CONFLICT OF INTEREST TRANSACTION TO THE CHAIR OF THE DUE DILIGENCE COMMITTEE AND TO THE FOUNDATION'S CFO; (B) REFRAIN FROM USING HIS OR HER PERSONAL INFLUENCE TO ENCOURAGE THE FOUNDATION TO ENTER INTO THE CONFLICT OF INTEREST TRANSACTION; (C) AND PHYSICALLY RECUSE THEMSELVES FROM PARTICIPATION IN ANY DISCUSSIONS REGARDING THE CONFLICT OF INTEREST TRANSACTION WITH OFFICIALS OF THE FOUNDATION, AT MEETINGS OF THE BOARD OF DIRECTORS, AND WITH OTHER MEMBERS OF THE FOUNDATION COMMUNITY, EXCEPT TO RESPOND TO REQUESTS FOR INFORMATION ABOUT THE CONFLICT OF INTEREST TRANSACTION. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE OR SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF THE VOTE ON THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY HUMAN RESOURCES DEPARTMENT REVIEWS COMPARABLE SALARY DATA. MARKET DATA FROM SALARY SURVEY SOURCES IS USED TO ASSIGN AN ACCURATE VALUE TO THE POSITION IN THE EXTERNAL LABOR MARKET. SURVEY MATCHES ARE BASED ON THE PRIMARY DUTIES OF THE POSITION. THE SURVEY DATA PROVIDES SALARY AND DEMOGRAPHIC DATA FOR SELECTED POSITIONS NATIONWIDE AND IS REPORTED IN A STATISTICAL FORMAT INDICATING THE AVERAGE AND MEDIAN SALARIES AND ADDITIONAL PERCENTILES (I.E. 25TH, 75TH). THE UNIVERSITY HR DEPARTMENT REVIEWS COMPARABLE SURVEY DATA WHEN AN EMPLOYEE IS HIRED OR PROMOTED. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, 990 TAX DOCUMENTS, AND FINANCIAL STATEMENTS ARE PUBLISHED ON THE FOUNDATION'S WEBSITE, THE POLICY IQ SOFTWARE, OR ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN IRC SECTION 6104(D). FORM 990, PART XI, LINE 2C THERE HAS BEEN NO CHANGE TO EITHER THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. UNIVERSITY OF CENTRAL FLORIDA REAL ESTATE FOUNDATION LLC 12424 RESEARCH PRKY STE 140 ORLANDO FL 32826 596211832 REAL ESTATE FL 0 34702203 N/A KNIGHTS KROSSING STUDENT HOUSING LLC 12424 RESEARCH PRKY STE 140 ORLANDO FL 32826 596211832 REAL ESTATE FL 0 9733000 N/A