2018-01-25T13:39:47-06:00 2017-06-30 Thomas Howell Ferguson PA 2615 Centennial Blvd Suite 200 Tallahassee FL 32308 990 2016-07-01 452337977 The Florida State University Real Estate Foundation Incorporated % HOLLY NEWELL FLOR 8506446000 2010 Levy Avenue Bldg B Suite 300 Tallahassee FL 32310 HOLLY NEWELL Treasurer 8506440766 2017-12-19 true Deborah Leonard P00218358 8506688100 216.173.162.90 59163320180255000000 2018-01-25 P CB91C18DAC656BD1974FD76678A50476F376CA27 35FD0B5F64A27CCEE871A39A434EB7DE83E74C79 2016 2021-01-29 14:40:06Z HOLLY NEWELL 2010 Levy Avenue Bldg B 300 Tallahassee FL 32310 703879 false X REALESTATE.FSU.EDU X 2011 FL SEE SCHEDULE O X 10 8 0 8 0 0 1628394 594128 0 0 -47495 0 -31443 -9907 1549456 584221 212501 1236901 0 0 249705 287432 0 0 0 152654 282005 614860 1806338 934596 -1222117 2576601 1379300 14746 26645 2561855 1352655 X THE FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION AIDS IN THE ADVANCEMENT OF THE UNIVERSITY THROUGH OVERSIGHT AND ADVISORY OF THE UNIVERSITY'S REAL ESTATE INITIATIVES. THE FSU REAL ESTATE FOUNDATION SUPPORTS THE UNIVERSITY AND ITS DIRECT SUPPORT ORGANIZATIONS THROUGH ADMINISTERING REAL ESTATE GIFT ACCEPTANCE, STRATEGIC LAND ACQUISITIONS, DEVELOPMENT PROJECT LEADERSHIP AND LONG TERM REAL ESTATE PLANNING. THE FSU REAL ESTATE FOUNDATION STRIVES TO BE THE SOURCE OF KNOWLEDGE EXPERTISE FOR THE FLORIDA STATE COMMUNITY WHERE REAL ESTATE IS CONCERNED. false false 1248583 1236901 The Foundation receives contributions of real estate to hold, manage, lease, mortgage, develop, administer or sell in order to contribute or distribute all or a portion of the net proceeds from such activity to the University, the Florida State University Foundation (FSU Foundation), or such other entity as the donor agreements or Board may determine appropriate. The Foundation makes expenditures, grants, contributions or distributions to or for the benefit of the University, directly and/or through the FSU Foundation. 1248583 true true false false false false false false false false true false false false false true true false false false false false false false false false false true false true false false false false false false false false false false false true false true false false false true X 1 0 0 false false false false false false false false false false X 10 8 false false true false false true false true true false false true true true true true true false false false X X HOLLY NEWELL 8506440766 2010 LEVY AVENUE BLDG B STE 300 TALLAHASSEE FL 32310 Beth A Azor Chair 1.0 0.0 X X 0 0 0 Brian K Swain Vice-Chair 1.0 0.0 X X 0 0 0 Brett A Braciak Director 1.0 0.0 X 0 0 0 Robert M Breslau Director 1.0 0.0 X 0 0 0 William Buzzett Director 1.0 0.0 X 0 0 0 Thomas W Jennings Jr President 2.0 40.0 X X 0 317945 40554 Leslie A McKeon Director 1.0 0.0 X 0 0 0 Stephen L Pattison Director 1.0 0.0 X 0 0 0 J Everitt Drew Director 1.0 0.0 X 0 0 0 Heather Cave Director 1.0 40.0 X 0 66297 11904 Kevin C Graham Vice President 40.0 0.0 X 0 156313 32003 Holly Newell Treasurer 6.0 40.0 X 0 145201 36378 Jon-Michael Sima Secretary 6.0 40.0 X 0 49864 21824 0 735620 142663 0 false true false 0 562359 31769 12000 594128 0 0 0 0 109718 119658 -9940 0 -9940 -9940 0 0 0 0 0 0 0 0 0 0 OTHER INCOME 900099 33 33 33 584221 -9907 X 1236901 1236901 0 0 0 196462 196462 0 58189 58189 4550 4550 13848 13848 14383 14383 0 1605 1605 7500 7500 0 0 0 217513 674 216839 846 846 13368 13368 2539 2539 0 1 1 5430 5430 0 727 727 0 0 2892 2167 725 9385 9385 ENTERTAINMENT 3523 3523 RELOCATION 4755 4755 CARRYING COSTS 8841 8841 OTHER EXPENSES 3080 3080 1806338 1248583 557755 0 77392 36917 0 0 0 0 1447 68170 0 0 0 0 0 0 321001 1109320 14924 14197 163624 12928 2161837 150696 0 0 0 0 0 0 0 0 0 0 2576601 1379300 14746 26645 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 14746 26645 X 129926 144152 2431929 1208503 0 0 2561855 1352655 2576601 1379300 -1222117 12917 X X false true X true false X X X 2 THE FLORIDA STATE UNIVERSITY 591961248 2 true 20300 1235000 THE FLORIDA STATE UNIVERSITY FOUNDATION 596152180 5 true 1901 0 2 22201 1235000 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 95000 95000 65000 10833 54167 3624 2095 1529 150696 0 0 X 712527 8648 119658 128306 584221 584221 1934644 8648 119658 128306 1806338 1806338 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 A TYPE I SUPPORTING ORGANIZATION UNDER SECTION 509(A)(3). THE FOUNDATION HAS REVIEWED ITS TAX STATUS AND RELATED FILINGS AND DETERMINED THAT THERE ARE NO TAX POSITIONS FOR WHICH AN OBLIGATION NEEDS TO BE RECORDED. PART XI: RECONCILIATION OF REVENUE LINE 2D RENTAL EXPENSES $119,658 PART XII: RECONCILIATION OF EXPENSES LINE 2D RENTAL EXPENSES $119,658 true The Florida State University 600 W College Avenue Tallahassee FL 32306 591961248 501(C)(3) 20300 1235000 Support 1 PART I, LINE 2: The Real Estate Foundation transferred proceeds of $20,300 from rental activity according to the lease agreement in effect. The Accounting Manager provides an approved disbursement request to transfer the funds. At the time of the transfer, the organization audits the disbursement to ensure that it meets the intent of the agreement. The Real Estate Foundation keeps records of the disbursements as part of its accounts payable documentation. The Real Estate Foundation received support from the FSU Research Foundation during the year ending June 30, 2016. This support was in the form of rental properties with a book value of $1,235,000 which were transferred to the University on September 1, 2016 once the properties were vacated. false false false false false false false false false Thomas W Jennings Jr President 0 311945 0 0 0 6000 0 21374 0 19349 0 358668 0 0 Kevin C Graham Vice President 0 156313 0 0 0 0 0 11909 0 20137 0 188359 0 0 Holly Newell Treasurer 0 145201 0 0 0 0 0 12019 0 24463 0 181683 0 0 REAL ESTATE 2016-09-01 1235000 BOOK VALUE 591961248 THE FLORIDA STATE UNIVERSITY 600 W COLLEGE AVENUE TALLAHASSEE FL 32306 501(c)3 false false false false FORM 990, PART I, LINE 1 THE FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION AIDS IN THE ADVANCEMENT OF THE UNIVERSITY THROUGH OVERSIGHT AND ADVISORY OF THE UNIVERSITY'S REAL ESTATE INITIATIVES. THE FSU REAL ESTATE FOUNDATION SUPPORTS THE UNIVERSITY AND ITS DIRECT SUPPORT ORGANIZATIONS THROUGH ADMINISTERING REAL ESTATE GIFT ACCEPTANCE, STRATEGIC LAND ACQUISITIONS, DEVELOPMENT PROJECT LEADERSHIP AND LONG TERM REAL ESTATE PLANNING. THE FSU REAL ESTATE FOUNDATION STRIVES TO BE THE SOURCE OF KNOWLEDGE AND EXPERTISE FOR THE FLORIDA STATE COMMUNITY WHERE REAL ESTATE IS CONCERNED. FORM 990, PART V, LINE 2A PER IRC SECTION 3121, IF TWO OR MORE RELATED CORPORATIONS CONCURRENTLY EMPLOY THE SAME INDIVIDUAL AND COMPENSATE SUCH INDIVIDUAL THROUGH A COMMON PAYMASTER EACH CORPORATION SHALL BE CONSIDERED TO HAVE PAID AS REMUNERATION TO SUCH INDIVIDUAL ONLY THE AMOUNTS ACTUALLY DISBURSED. Form 990, Part VI, Section A, Line 4 The Foundation revised their governing bylaws since the prior Form 990 was filed. Significant changes include the creation of the audit committee and Board development committee, and revisions to the composition of the Board. FORM 990, PART VI, SECTION A, LINE 7A The Board is composed of a minimum of two ex-officio Directors, seven appointed Directors and four elected Directors for a minimum of thirteen voting Directors, and one non-voting Director Emeritus. Ex-officio Directors may be University and University Board of Trustees representatives or their designees. Appointed directors are appointed by University or University Direct Support Organization representatives with prior approval of the Board Chair, University President, and FSU Foundation President. Elected Directors are reviewed and recommended by the Board Development Committee, and elected by a majority vote of the Board with prior approval of the University President. The Director Emeritus is the immediate past Board Chair. FORM 990, PART VI, SECTION B, LINE 11 THE FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION'S BOARD OF TRUSTEES IS PROVIDED A DRAFT FORM 990 PRIOR TO FILING THE FORMS WITH THE IRS FOR REVIEW. 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 OFFICERS, DIRECTORS, AND TRUSTEES ARE REQUIRED TO COMPLETE ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENTS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE BY REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE ON WEBSITE. FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTING TOTAL FEES:202440 FORM 990 PART IX LINE 11G DESCRIPTION:ASSESSMENTS TOTAL FEES:11949 FORM 990 PART IX LINE 11G DESCRIPTION:OTHER FEES TOTAL FEES:3124 THE FLORIDA STATE UNIVERSITY FOUNDATION 2010 LEVY AVE BLDG B STE 300 TALLAHASSEE FL 32310 596152180 SUPPORT FL 501(C)(3) LINE 5 false THE FLORIDA STATE UNIVERSITY 600 W COLLEGE AVENUE TALLAHASSEE FL 32306 591961248 EDUCATION FL 501(C)(3) LINE 2 false false false true false false false false false false false true false false true false true true true false