2018-04-16T16:13:02-05:00 2017-06-30 420714325 RSM US LLP 7351 OFFICE PARK PL MELBOURNE FL 32940 990 2016-07-01 596152180 THE FLORIDA STATE UNIVERSITY FOUNDATION INC FLOR 8506446000 2010 LEVY AVE BLDG B NO 300 TALLAHASSEE FL 32310 HOLLY NEWELL CFO/ASSISTANT TREASURER 8506446000 2018-04-16 1 THERESA A BURDINE CPA P00362629 3217516200 108.171.130.186 2018-04-16 16:52:15 ED P 92D958D09983B289138675F6321CEC08C52579A2 6AC44CFA5DF0491D18131A5982D300079184BF19 2016 2021-01-29 14:40:06Z THOMAS W JENNINGS PRES 2010 LEVY AVE BLDG B NO 300 TALLAHASSEE FL 32310 253191612 0 X WWW.FOUNDATION.FSU.EDU X 1960 FL THE FLORIDA STATE UNIVERSITY FOUNDATION ENHANCES THE ACADEMIC MISSION AND VISION OF FLORIDA STATE UNIVERSITY THROUGH ITS ORGANIZED FUNDRAISING ACTIVITIES AND FUNDS MANAGEMENT. THE FSU FOUNDATION ACCOMPLISHES ITS MISSION BY FOSTERING RELATIONSHIPS WITH ALUMNI AND FRIENDS; ADVOCATING CHARITABLE GIVING AND RAISING FUNDS ON BEHALF OF FSU; SOLICITING CONTRIBUTIONS FOR ACADEMIC PURPOSES AS PART OF FSU'S OVERALL ADVANCEMENT EFFORT; INVESTING ANDDISBURSING FUNDS TO MEET CURRENT AND FUTURE NEEDS OF FSU; AND STRENGTHENING RELATIONSHIPS WITH DONORS TO FSU. 50 49 132 558 33618 -476501 111122036 41108276 895801 1325335 11542029 -191881 3120312 2481148 126680178 44722878 24557617 23192923 0 0 14010208 13773135 493713 532014 10579419 21596360 21094029 60657898 58592101 66022280 -13869223 652862288 707414353 20914496 28338188 631947792 679076165 THE FLORIDA STATE UNIVERSITY FOUNDATION ENHANCES THE ACADEMIC MISSION AND VISION OF FLORIDA STATE UNIVERSITY THROUGH ITS ORGANIZED FUNDRAISING ACTIVITIES AND FUNDS MANAGEMENT. 0 0 41196667 23192923 3674231 THE FLORIDA STATE UNIVERSITY FOUNDATION EXPENDS FUNDS FOR PURPOSES THAT ENHANCE THE ACADEMIC MISSION OF FLORIDA STATE UNIVERSITY. ACADEMIC SUPPORT INCLUDES SALARIES, SCHOLARSHIPS & FELLOWSHIPS, RESEARCH, CAPITAL FUNDING, EQUIPMENT & SUPPLIES, TRAVEL AND OTHER RELATED EXPENSES. THIS SUPPORT HELPS THE UNIVERSITY'S OUTSTANDING FACULTY INSPIRE STUDENTS, FOSTER AND ENHANCE STRONG ACADEMIC PROGRAMS, AND SERVE AS A KEY ELEMENT TO INSTITUTIONAL GREATNESS. EMINENT SCHOLARS AND PROFESSORSHIPS ARE PRESTIGIOUS POSITIONS HELD BY THE UNIVERSITY'S MOST ACCOMPLISHED FACULTY. SPENDING TO SUPPORT THESE POSITIONS MEANS THAT ACADEMIC EXCELLENCE WILL BE MAINTAINED. CURRICULUM DEVELOPMENT, INTERNSHIPS, INTERDISCIPLINARY WORK, EXPERIENTIAL LEARNING AND ACADEMIC ENRICHMENT ALL REQUIRE PRIVATE SUPPORT. 41196667 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 X 418 0 1 132 1 0 1 BD CJ 0 0 0 1 1 1 1 0 0 0 X 50 49 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 FL AK CA CO KY LA ME MD MA MI MN NH NJ NY ND OH OK OR SC UT WA WV WI NV X X HOLLY NEWELL 8506446000 2010 LEVY AVE BLDG B STE 300 TALLAHASSEE FL 32310 RYAN M COTE TRUSTEE/EX OFFICIO, CHAIR, STUDENT FOUNDATION 1.00 X 0 0 0 ROBERT B MANG TRUSTEE/TREASURER 1.00 X X 0 0 0 WILLIAM T HOLD TRUSTEE/SECRETARY 1.00 X X 0 0 0 TODD ADAMS TRUSTEE/EX OFFICIO V, FACULTY SENATE PRESIDENT 1.00 X 0 0 0 FLORENCE H ASHBY TRUSTEE 1.00 X 0 0 0 KATHRYN E BALLARD TRUSTEE/EX OFFICIO V, FSU BOT 1.00 X 0 0 0 THOMAS BARTELMO TRUSTEE 1.00 X 0 0 0 DANIEL N BASS TRUSTEE 1.00 X 0 0 0 BRETT A BRACIAK TRUSTEE 1.00 X 0 0 0 KEITH D CARR TRUSTEE, CHAIR, AUDIT COMMITTEE 1.00 X 0 0 0 DEAN L CASH TRUSTEE 1.00 X 0 0 0 BARBARA S COEN TRUSTEE 1.00 X 0 0 0 TIMOTHY A COLE TRUSTEE 1.00 X 0 0 0 PETER H COLLINS TRUSTEE, CHAIR, DEVELOPMENT COMMITTEE 1.00 X 0 0 0 THOMAS M CULLIGAN TRUSTEE 1.00 X 0 0 0 JOHN W CULVER TRUSTEE 1.00 X 0 0 0 SALVADOR DIAZ-VERSON TRUSTEE 1.00 X 0 0 0 MARCY P DRISCOLL TRUSTEE/EX OFFICIO V, CHAIR, DEANS DEV COMM 1.00 X 0 0 0 JULIE D EICHENBERG TRUSTEE/CHAIR 1.00 X X 0 0 0 ANDREA K FRIALL TRUSTEE 1.00 X 0 0 0 JEFFREY D GARGIULO TRUSTEE 1.00 X 0 0 0 FRANKLIN L HAGENBECK TRUSTEE 1.00 X 0 0 0 ANNE HAMILTON-HOLD TRUSTEE 1.00 X 0 0 0 JOHN T HERNDON TRUSTEE 1.00 X 0 0 0 MART P HILL TRUSTEE 1.00 X 0 0 0 NAN C HILLIS TRUSTEE 1.00 X 0 0 0 PAUL G HUDSON TRUSTEE 1.00 X 0 0 0 MARVALENE HUGHES TRUSTEE 1.00 X 0 0 0 CHRISTOPHER E IANSITI TRUSTEE 1.00 X 0 0 0 PETER D JONES TRUSTEE, CHAIR, INVESTMENT COMMITTEE 1.00 X 0 0 0 FRED E KARLINSKY TRUSTEE 1.00 X 0 0 0 DAVID B LANE TRUSTEE/CHAIR ELECT 1.00 X X 0 0 0 WILLIAM C LLOYD TRUSTEE 1.00 X 0 0 0 JOHN M LUSK TRUSTEE 1.00 X 0 0 0 STEPHANIE L LYNCH TRUSTEE 1.00 X 0 0 0 THOMAS M MCALPIN TRUSTEE 1.00 X 0 0 0 NANCY MCKAY TRUSTEE 1.00 X 0 0 0 WAYNE M MESSAM TRUSTEE 1.00 X 0 0 0 JANE E MORGAN TRUSTEE 1.00 X 0 0 0 FRANCIS J NARDOZZA TRUSTEE, CHAIR, FINANCE COMMITTEE 1.00 X 0 0 0 MICHAEL C POLAND TRUSTEE 1.00 X 0 0 0 SHERRILL W RAGANS TRUSTEE 1.00 X 0 0 0 CRAIG A REUTLINGER TRUSTEE 1.00 X 0 0 0 JANET L STONER TRUSTEE 1.00 X 0 0 0 LOUIS C TAORMINA TRUSTEE 1.00 X 0 0 0 JOHN W THIEL TRUSTEE 1.00 X 0 0 0 JOHN E THRASHER TRUSTEE/EX OFFICIO V, FSU PRESIDENT/DESIGNEE 1.00 X 0 0 0 ELIZABETH J WALTERS TRUSTEE, CHAIR, DONOR STEWARDSHIP COMMITTEE 1.00 X 0 0 0 ASHBEL C WILLIAMS TRUSTEE/EX OFFICIO V, PAST FOUNDATION CHAIRMAN 1.00 X 0 0 0 DAVID M WALSH TRUSTEE/EX-OFFICIO V, CHAIR, STUDENT FDN 1.00 X 0 0 0 SUSAN M FIORITO TRUSTEE/EX-OFFICIO V, FACULTY SENATE PRESIDENT 1.00 X 0 0 0 HOLLY NEWELL CFO/ASSISTANT TREASURER 40.00 X 145201 0 36378 THOMAS W JENNINGS TRUSTEE/PRESIDENT 40.00 X X 317945 0 40554 PATRICK J CROWLEY VP ADV RELATIONS/ASSISTANT SECRETARY 40.00 X 140420 0 36504 ANDY A JHANJI EXECUTIVE VP 40.00 X 273061 0 60601 PERRY FULKERSON VP CENTRAL DEVELOPMENT 40.00 X 195422 0 45708 MARK PANKEY ASSOC. DEAN DEVELOPMENT 40.00 X 149586 0 42253 BRANDON MCCRAY ASST. VP CONSTITUENT PROGRAMS 40.00 X 144868 0 32390 JACOB LEMON ASST. VP DEVELOPMENT & PRINCIPAL GIFTS 40.00 X 137109 0 38939 JAMES A MCNEIL ASST. DEAN DEVELOPMENT, MEDICINE 40.00 X 134612 0 34540 1638224 0 367867 13 0 1 0 CAMBRIDGE ASSOCIATES PO BOX 10317 UNIONDALE NY 11555 INVESTMENT CONSULTING 1005193 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 50303 FUNDRAISING SERVICES 759915 PENNINGTON PA PO BOX 10095 TALLAHASSEE FL 32302 LEGAL SERVICES 464271 BLACKBAUD INC PO BOX 930256 ATLANTA GA 31193 SOFTWARE SOLUTIONS 309181 NATIONAL PUBLIC RADIO PO BOX 79540 BALTIMORE MD 21279 BROADCAST SERVICES 230801 18 134421 1903422 39070433 1458929 41108276 REGISTRATION/ADMINISTR 900099 1040511 1040511 SPONSORSHIPS 900099 284824 284824 1325335 5568064 5568064 122380 122380 411876 378258 33618 33618 33618 202256698 208016643 -5759945 -5759945 -5759945 50087 134421 73833 -23746 -23746 MISCELLANEOUS 900099 2348896 2348896 2348896 44722878 3674231 33618 -93247 X 23156103 23156103 36820 36820 1067952 184884 883068 9768097 1368865 2956482 5442750 1143382 1400 347750 794232 1091811 2580 456621 632610 701893 43492 225196 433205 197888 31987 165901 191339 32550 158789 99992 99992 532014 532014 3182350 2723079 353509 105762 1411461 1105928 2090 303443 4000396 3220085 327542 452769 298791 85282 211224 2285 871658 289258 581867 533 3202271 2668499 37970 495802 1008180 944257 24692 39231 2479 250 2229 61252 61252 166074 71997 94077 CAMPUS & DONOR EVENTS 3829850 3442536 14794 372520 ALL OTHER EXPENSES 1970464 1382430 583022 5012 BOOKS, JOURNALS, & SUBS 1258826 1170332 12942 75552 MEMBERSHIP DUES AND FEE 578713 556900 13182 8631 -1237955 -1237955 58592101 41196667 6816015 10579419 12900390 19334679 40795497 30612193 78634942 76656200 3451849 3773299 7001242 2980105 4164336 4021137 491621404 550178600 21293870 22838245 652862288 707414353 3324230 4644159 6100000 5300000 4042334 3855317 7447932 14538712 20914496 28338188 X -14996754 274767 214843277 237133408 432101269 441667990 631947792 679076165 652862288 707414353 -13869223 60997596 0 X X 0 1 X 1 0 X 58060799 43621682 57370590 111122036 41108276 311283383 58060799 43621682 57370590 111122036 41108276 311283383 69612932 241670451 2874434 5322867 4364168 4406630 5690444 22658543 41096 11280 13716 35924 33618 135634 1305766 1987062 2262460 2991027 2348896 10895211 344972771 4393060 0.70050 0.71730 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER - 2012 AMOUNT: $ 1,305,766. 2013 AMOUNT: $ 1,987,062. 2014 AMOUNT: $ 2,262,460. 2015 AMOUNT: $ 2,991,027. 2016 AMOUNT: $ 2,348,896. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 99992 0 0 99992 0 PART II-B, LINE 1: FEES OF $99,992.04 WERE PAID TO CONSULTANTS FOR SERVICES TO SUPPORT THE INTERESTS OF FLORIDA STATE UNIVERSITY; NO PAYMENTS WERE IN SUPPORT OF OR IN OPPOSITION TO ANY CANDIDATE FOR POLITICAL OFFICE. 428194012 12449948 50805872 5256742 10985292 8944965 466262833 451100435 12957232 -10581743 5372728 11449103 8460081 428194012 471320561 9927989 -5215109 5000792 11334496 8597718 451100435 415308139 9085740 69897942 4408024 10166034 8397202 471320561 370494800 19105053 48466127 4172626 9982090 8603125 415308139 0.04600 0.89420 0.05980 1 0 1619876 1619876 2935889 630320 2305569 2445477 2349785 95692 4021137 AGENCY LIABILITIES 8410550 ANNUITY OBLIGATIONS 6128162 14538712 X 106172565 60997596 452091 61449687 44722878 0 44722878 59044192 452091 452091 58592101 0 58592101 PART V, LINE 4: SPENDING FROM THE FOUNDATION'S ENDOWMENTS SUPPORTS THE ACADEMIC ACTIVITIES OF THE UNIVERSITY INCLUDING SCHOLARSHIPS AND PROGRAMS. PART X, LINE 2: 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 FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 73,833. RENTAL EXPENSES 378,258. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 73,833. RENTAL EXPENSES 378,258. CENTRAL AMERICA/ CARIBBEAN 0 0 INVESTMENTS N/A 123867267 0 0 0 0 0 0 123867267 0 123867267 1 0 1 1 1 0 X 1 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 50303 PHONE SOLICITATION 0 669314 538535 130779 669314 538535 130779 AL AK AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI NJ NH MO MS MN NM NY NC ND OH OK OR PA RI SC TN UT WA WV WI VA NV GOLF TOURNAMENT 60955 52985 7970 4395 6762 1200 4533 6030 1897 ANNUAL DINNER 46725 32375 14350 1616 17284 6222 2339 6 71083 44935 26148 3720 2949 1755 5297 3173 3991 178763 130295 48468 8115 9711 4571 27114 15425 8227 73163 -24695 SCHEDULE G, PART II AS REPORTED ON SCHEDULE G, NET INCOME FOR FUNDRAISING EVENTS DOES NOT INCLUDE ANY CHARITABLE CONTRIBUTIONS FROM FUNDRAISING EVENTS. EXCLUDING CHARITABLE CONTRIBUTIONS, AS PER SCHEDULE G INSTRUCTIONS, CAN RESULT IN NEGATIVE INCOME FOR PURPOSES OF SCHEDULE G, PART II, LINE 11. FUNDRAISING EVENTS NOT ONLY SERVE TO RAISE MONEY BUT ALSO INCREASE DONOR AWARENESS WITH HOPE OF FUTURE CONTRIBUTIONS IN SUPPORT OF THE MISSION. 1 BIG BEND HOSPICE 1723 MAHAN CENTER BLVD TALLAHASSEE FL 32308 592328806 501(C)3 30000 DONATION - PEDIATRIC BEREAVEMENT INITIATIVE THE FLORIDA STATE UNIVERSITY 600 WEST COLLEGE AVENUE TALLAHASSEE FL 32306 591961248 501(C)3 21827465 166082 FMV COMPUTERS, EQUIPMENT, AND FURNITURE SUPPORT SCHOLARSHIPS AND UNIVERSITY PROGRAMS THE FLORIDA STATE UNIVERSITY ALUMNI ASSOCIATION 1030 W TENNESSEE STREET TALLAHASSEE FL 32304 590705420 501(C)3 323775 PROGRAM SUPPORT FOR THE ALUMNI ASSOCIATION SEMINOLE CLUBS THE FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION 2000 LEVY AVENUE BUILDING A SUITE 351 TALLAHASSEE FL 32310 593211153 501(C)3 234990 RESEARCH SUPPORT - STUDENT STIPENDS ATLANTA MUSIC PROJECT 1280 PEACHTREE ST NE ATLANTA GA 30309 800557088 501(C)3 10000 ETHICS INDUSTRY AWARD SOUTHERN SCHOLARSHIP HOUSE 322 STADIUM DRIVE TALLAHASSEE FL 32304 590939481 501(C)3 17450 STUDENT SCHOLARSHIPS FOR ACADEMIC SUPPORT TALLAHASSEE MEMORIAL HEALTHCARE FOUNDATION 1331 EAST SIXTH AVENUE TALLAHASSEE FL 32303 591727645 501(C)3 216000 MEDICAL RESEARCH SUPPORT BOND COMMUNITY HEALTH CENTER 1720 SOUTH GADSDEN STREET TALLAHASSEE FL 32301 592426414 501(C)3 170380 DONATION - PEDIATRIC OVERWEIGHT & OBESITY INTERVENTION INITIATIVE ST JOHNS RIVER STATE COLLEGE 5001 ST JOHNS AVE PALATKA FL 32177 591033399 501(C)3 7070 STUDENT SCHOLARSHIPS FOR ACADEMIC SUPPORT GEORGIA DEPARTMENT OF EDUCATION PO BOX 740283 ATLANTA GA 30374 586002042 19500 STUDENT SCHOLARSHIPS FOR ACADEMIC SUPPORT FEDLOAN SERVICING PO BOX 69184 HARRISBURG PA 17106 231693362 20000 STUDENT SCHOLARSHIPS FOR ACADEMIC SUPPORT GAMMA PHI BETA FOUNDATION 12737 EUCLID DR ENGLEWOOD CO 80111 756026984 501(C)3 29326 TRANSFER FUNDS COLLECTED FOR GAMMA PHI BETA FOUNDATION NAVIENT PO BOX 740351 ATLANTA GA 30374 464054283 23627 STUDENT SCHOLARSHIPS FOR ACADEMIC SUPPORT 11 2 INDUSTRY AWARD 38 19970 RESEARCH STIPEND- ACADEMIC SUPPORT 6 16850 PART I, LINE 2: THE UNIVERSITY OVERSEES THE GRANT PROCESS. UNIVERSITY PERSONNEL DETERMINE WHO WILL RECEIVE AWARDS AND HOW THEY ARE AWARDED. INTERNAL AUDITS ARE PERFORMED ANNUALLY TO VERIFY THAT DONOR RESTRICTIONS ARE BEING COMPLIED WITH BY THE UNIVERSITY DURING THE GRANT PROCESS. AFTER MAKING GRANT SELECTIONS, THE UNIVERSITY GIVES THE FOUNDATION AN APPROVED DISBURSEMENT REQUEST TO TRANSFER THE FUNDS. AT THE TIME OF THE GRANT, THE ORGANIZATION AUDITS THE DISBURSEMENT TO ENSURE THAT IT MEETS THE DONOR'S INTENT. THE FOUNDATION KEEPS RECORDS OF THE DISBURSEMENTS AS PART OF ITS ACCOUNTS PAYABLE DOCUMENTATION. X X X 1 1 0 0 0 0 0 0 0 0 0 HOLLY NEWELL CFO/ASSISTANT TREASURER 145201 0 0 0 0 0 12019 0 24463 0 181683 0 0 0 THOMAS W JENNINGS TRUSTEE/PRESIDENT 311945 0 0 0 6000 0 21374 0 19349 0 358668 0 0 0 PATRICK J CROWLEY VP ADV RELATIONS/ASSISTANT SECRETARY 140320 0 0 0 100 0 21597 0 15290 0 177307 0 0 0 ANDY A JHANJI EXECUTIVE VP 245861 0 0 0 27200 0 37847 0 23138 0 334046 0 0 0 PERRY FULKERSON VP CENTRAL DEVELOPMENT 195422 0 0 0 0 0 29985 0 16074 0 241481 0 0 0 MARK PANKEY ASSOC. DEAN DEVELOPMENT 149205 0 0 0 381 0 20303 0 22335 0 192224 0 0 0 BRANDON MCCRAY ASST. VP CONSTITUENT PROGRAMS 144768 0 0 0 100 0 16466 0 16308 0 177642 0 0 0 JACOB LEMON ASST. VP DEVELOPMENT & PRINCIPAL GIF 137009 0 0 0 100 0 21231 0 18028 0 176368 0 0 0 JAMES A MCNEIL ASST. DEAN DEVELOPMENT, MEDICINE 134312 0 0 0 300 0 20845 0 14079 0 169536 0 0 0 PART I, LINE 1A CHARTER FLIGHTS ARE PROVIDED FOR THE FOUNDATION PRESIDENT TO ATTEND SCHEDULED MEETINGS WHEN COMMERCIAL TRAVEL ALTERNATIVES ARE NOT AVAILABLE. WHEN CHARTER FLIGHTS ARE USED, OTHER FOUNDATION AND UNIVERSITY EXECUTIVES TRAVEL WITH THE PRESIDENT TO PREPARE EN ROUTE FOR THE MEETINGS. THE FOUNDATION PAID SOCIAL CLUB DUES, SPECIFICALLY FOR FUNDRAISING PURPOSES, FOR THE FOUNDATION'S PRESIDENT AND EXECUTIVE VICE PRESIDENT. PART I, LINE 3 THE FOUNDATION PRESIDENT, THOMAS W. JENNINGS, IS AN EMPLOYEE OF FLORIDA STATE UNIVERSITY. HIS COMPENSATION IS REVIEWED AND SET BY THE PRESIDENT OF FLORIDA STATE UNIVERSITY, OR HIS DESIGNEE, IN ACCORDANCE WITH THE UNIVERSITY'S POLICIES. THESE POLICIES REQUIRE THAT COMPARABLE DATA BE USED TO DETERMINE THAT MANAGEMENT IS COMPENSATED FAIRLY AND COMPETITIVELY WHEN COMPARED TO SIMILAR ROLES IN OTHER FOUNDATIONS NATIONALLY. SCHEDULE J, PART II DURING THE FISCAL YEAR ENDED JUNE 30, 2017, THE FOLLOWING WERE EMPLOYEES OF FLORIDA STATE UNIVERSITY: EMPLOYEE TITLE HOLLY NEWELL CFO/ASSISTANT TREASURER THOMAS W. JENNINGS FOUNDATION PRESIDENT MR. JENNINGS ALSO HOLDS THE TITLE OF VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT AT FLORIDA STATE UNIVERSITY, AND, IN THIS ROLE, HE OVERSEES THE ACTIVITIES OF FOUR DIRECT SUPPORT ORGANIZATIONS OF THE UNIVERSITY, INCLUDING THE ACTIVITIES OF THE FSU FOUNDATION. FLORIDA STATE UNIVERSITY HAS BEEN DETERMINED TO BE AN UNRELATED ORGANIZATION FOR PURPOSES OF FORM 990 REPORTING. X 11 APPRAISAL X 1 17103 PUBLISHED VALUE X 1 8230 PUBLISHED VALUE X 69 914815 SALE OF COMPARABLES X EQUIP & SUPPLIES 12 518781 PUBLISHED VALUE/SELL 5 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF UNIQUE CONTRIBUTIONS RECEIVED. PART I, LINE 33: AS SET FORTH IN SFAS 116, THE FOUNDATION DOES NOT RECOGNIZE AS REVENUE: CONTRIBUTIONS OF WORKS OF ART, HISTORICAL TREASURES, AND SIMILAR ASSETS THAT ARE ADDED TO COLLECTIONS HELD FOR PUBLIC EXHIBITIONS, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN. FORM 990, PART VI SECTION A, LINE 1A: THE EXECUTIVE COMMITTEE SHALL EXERCISE THE POWERS AND AUTHORITY OF THE BOARD WHEN THE BOARD IS NOT IN SESSION. THE COMMITTEE SHALL INCLUDE THE CHAIR, PAST CHAIR, FOUNDATION PRESIDENT, TREASURER, SECRETARY, THE UNIVERSITY PRESIDENT OR DESIGNEE, THE CHAIR OF THE UNIVERSITY BOARD OF TRUSTEES OR DESIGNEE, THE PRESIDENT OF THE UNIVERSITY FACULTY SENATE, AND THE CHAIR OF EACH STANDING COMMITTEE. THE COMMITTEE SHALL CONSIDER, EVALUATE AND ANALYZE ISSUES THAT HAVE IMPLICATIONS FOR CHANGES TO THE BOARD AND MAKE RECOMMENDATIONS OF APPROPRIATE ACTION TO THE BOARD. IF THE COMMITTEE MEETS TO EXERCISE THE POWERS AND AUTHORITY OF THE BOARD WHEN THE BOARD IS NOT IN SESSION, THE COMMITTEE SHALL HAVE NO AUTHORITY TO ALTER, AMEND OR REPEAL THE ARTICLES OF INCORPORATION OR BYLAWS OR TO ELECT TRUSTEES. FORM 990, PART VI, SECTION A, LINE 2 WILLIAM T. HOLD, BOARD OF TRUSTEES MEMBER AND OFFICER (SECRETARY), FOR THE BOARD, AND ANNE HAMILTON-HOLD, ANOTHER TRUSTEE, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS OF THE FLORIDA STATE UNIVERSITY FOUNDATION, INC. WERE AMENDED MAY 19, 2017. SIGNIFICANT CHANGES INCLUDE: * ARTICLE II, SECTION 3. FOUNDATION PRESIDENT: REVISED TO AMEND THE REQUIREMENT TO SERVE AS AN EX OFFICIO, VOTING MEMBER OF ALL COMMITTEES EXCEPT THE AUDIT COMMITTEE AS STIPULATED BY AUDIT REGULATIONS GOVERNING DIRECT SUPPORT ORGANIZATIONS. * ARTICLE III, COMMITTEES, SECTION 4. FINANCE COMMITTEE: REVISED TO REMOVE THE REQUIREMENT OF THE COMMITTEE TO MAINTAIN A LINE OF COMMUNICATION WITH THE FOUNDATION'S AUDITOR AS THIS IS MORE APPROPRIATELY A FUNCTION OF THE AUDIT COMMITTEE. * ARTICLE III, COMMITTEES, SECTION 5. AUDIT COMMITTEE: REVISED TO REQUIRE NO FEWER THAN THREE MEMBERS, ONE OF WHICH MUST HAVE STRONG PROFESSIONAL WORKING EXPERIENCE IN ACCOUNTING, BUSINESS, FINANCE, AUDIT AND INTERNAL CONTROLS. IN ADDITION, A REQUIREMENT WAS ADDED STATING THE AUDIT COMMITTEE WILL ADHERE TO ALL PROVISIONS IN UNIVERSITY REGULATION FSU-2.025, DIRECT SUPPORT ORGANIZATIONS, AND IN THE FOUNDATION'S AUDIT COMMITTEE CHARTER. FORM 990, PART VI, SECTION B, LINE 11B * THE CFO REVIEWS FORMS 990 AND 990T WITH THE CONTROLLER AND RESOLVES ANY ISSUES OR QUESTIONS WITH THE INDEPENDENT ACCOUNTING FIRM THAT PREPARES THE FORMS. IT IS THE CFO AND CONTROLLER'S RESPONSIBILITY TO CONFIRM THAT THESE FORMS REPRESENT THE FOUNDATION'S FINANCIAL CONDITION FOR THE PERIOD BEING REPORTED AND DO NOT CONTAIN ANY UNTRUE STATEMENTS OR OMIT ANY MATERIAL FACTS. * THE FOUNDATION'S BOARD OF TRUSTEES DELEGATED TO THE AUDIT COMMITTEE THE RESPONSIBILITY FOR THE FINAL REVIEW OF THE DRAFT FORMS 990 AND 990T. * ONCE THE AUDIT COMMITTEE REVIEW IS COMPLETE, THE DRAFT FORMS 990 AND 990T ARE PROVIDED TO EACH VOTING BOARD MEMBER OF THE BOARD OF TRUSTEES PRIOR TO FILING THE FORMS WITH THE IRS. DISTRIBUTION MAY BE IN THE FORM OF ELECTRONIC MAIL, NOTIFICATION OF A LINK TO A WEBSITE OR ACTUAL MAILING OF THE DOCUMENT. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY ALL TRUSTEES ARE ASKED TO COMPLETE A CONFLICT OF INTEREST FORM. THE BOARD STAFF LIAISON MONITORS THE PROCESS TO ENSURE THAT COMPLETED FORMS ARE RETURNED BY ALL MEMBERS WITH INDIVIDUAL FOLLOW UP WHEN NECESSARY. HARD COPIES OF ALL FORMS ARE RETAINED. IT IS THE RESPONSIBILITY OF THE ASSISTANT SECRETARY OF THE BOARD TO INFORM THE BOARD CHAIR AND COMMITTEE CHAIRPERSONS OF ANY EXISTING CONFLICTS SO THAT THEY CAN BE SURE THAT BOARD MEMBERS RECUSE THEMSELVES FROM ANY DISCUSSIONS AND/OR ACTIONS INCLUDING VOTES ON ISSUES WHERE THERE IS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE TOP MANAGEMENT AND OFFICERS REPORTED ON THE FSU FOUNDATION FORM 990 ARE COMPRISED OF TWO EMPLOYEES OF FLORIDA STATE UNIVERSITY AND THE REMAINDER ARE EMPLOYEES OF THE FSU FOUNDATION. FOR EMPLOYEES OF FLORIDA STATE UNIVERSITY, COMPENSATION FOR MANAGEMENT IS REVIEWED AND SET BY THE PRESIDENT OF THE UNIVERSITY, OR HIS DESIGNEE, IN ACCORDANCE WITH THE UNIVERSITY'S POLICIES. THESE POLICIES REQUIRE THAT COMPARABLE DATA BE USED TO DETERMINE THAT MANAGEMENT IS COMPENSATED FAIRLY AND COMPETITIVELY WHEN COMPARED TO SIMILAR ROLES IN OTHER FOUNDATIONS NATIONALLY. FOR EMPLOYEES OF THE FSU FOUNDATION, VARIOUS INDUSTRY SURVEYS OF SALARIES AT COMPARABLE UNIVERSITY RELATED ADVANCEMENT ORGANIZATIONS AND OTHER SOURCES WITH COMPARABLE POSITIONS ARE UTILIZED TO DETERMINE COMPENSATION FOR NEW HIRES AND TO PERIODICALLY VALIDATE CURRENT SALARY LEVELS TO DECIDE IF ADJUSTMENTS ARE NECESSARY. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE FOUNDATION'S FINANCIAL STATEMENTS, FORM 990 AND 990-T ARE AVAILABLE ON THE FOUNDATION'S WEBSITE AND UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH BY IRC SECTION 6104(D). FORM 990, PART IX, LINE 24E PROVISION FOR UNCOLLECTIBLE PLEDGES: PROGRAM SERVICE EXPENSES -1,237,955. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES -1,237,955. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE TO THE PROCESS FROM THE PRIOR YEAR.