2017-11-15T11:56:51-06:00 2017-06-30 381357951 PLANTE & MORAN PLLC 250 S High St Suite 100 Columbus OH 43215 990 2016-07-01 346576610 YOUNGSTOWN STATE UNIVERSITY FOUNDATION YOUN 3309413211 655 WICK AVENUE YOUNGSTOWN OH 44502 PAUL MCFADDEN PRESIDENT 3309413211 2017-11-14 1 TINA M PETERS CPA P00904574 6148493000 2017-11-14 67.59.56.33 2017-11-14 15:26:28 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 7EE5A7009C89D618A3874B8C357308207ADA91AC 2016 2021-01-29 14:40:06Z PAUL MCFADDEN 655 WICK AVENUE YOUNGSTOWN OH 44502 131361337 0 X YSUFOUNDATION.ORG X 1966 OH TO SUPPORT YOUNGSTOWN STATE UNIVERSITY BY PROVIDING SCHOLARSHIPS AND PROGRAMATIC SUPPORT. 42 42 27 44 -28658 -39996 14395061 13695527 0 0 5409122 8234166 0 0 19804183 21929693 12982554 12208543 0 0 1112190 1041467 0 0 696412 1462442 1811969 15557186 15061979 4246997 6867714 218232313 241139408 8983151 8731380 209249162 232408028 X THE YOUNGSTOWN STATE UNIVERSITY FOUNDATION IS DEVOTED TO THE SUPPORT, EXPANSION AND DEVELOPMENT OF EDUCATIONAL PROGRAMS AT YOUNGSTOWN STATE UNIVERSITY DEEMED USEFUL TO THE STUDENTS AND BENEFICIAL TO THE COMMUNITY. 0 0 12508517 12208543 0 THE YOUNGSTOWN STATE UNIVERSITY FOUNDATION IS AN INDEPENDENT, AUTONOMOUS, PRIVATE, NON-PROFIT CORPORATION THAT PURSUES, MANAGES AND DISTRIBUTES RESOURCES TO SUPPORT SCHOLARSHIPS AND STUDENT INITIATIVES, AS WELL AS THE GROWTH AND DEVELOPMENT OF YOUNGSTOWN STATE UNIVERSITY.THE YOUNGSTOWN STATE UNIVERSITY FOUNDATION WILL BE A CATALYTIC FORCE FOR THE ADVANCEMENT OF YSU, THE YOUNGSTOWN COMMUNITY, AND NORTHEAST OHIO, AND WILL BE A CRITICAL SOURCE OF SUPPORT, OPPORTUNITY, AND EXCELLENCE FOR YSU STUDENTS AND UNIVERSITY PROGRAMS.THE COMPETITION FOR STUDENTS IN HIGHER EDUCATION HAS NEVER BEEN GREATER. THE YSU FOUNDATION, PROVIDING OVER $8 MILLION IN ANNUAL SCHOLARSHIP AID, HAS HISTORICALLY DESIGNED SCHOLARSHIP AWARDS TO PROVIDE ACCESS TO ATTEND YSU. WORKING STRATEGICALLY WITH THE YSU OFFICE OF FINANCIAL AID AND SCHOLARSHIPS, THE YSU FOUNDATION WILL SEEK WAYS TO OFFER NEW AND EXISTING SCHOLARSHIPS SOONER AND IN TURN, HOPEFULLY UTILIZING FOUNDATION-FUNDED SCHOLARSHIPS TO INSPIRE STUDENTS TO SELECT YSU OVER OTHER INSTITUTIONS.TWO OF THE YSU FOUNDATION'S IMPORTANT INITIATIVES ARE THE MINORITY SCHOLARSHIP MATCH PROGRAM AND THE STUDENT INVESTMENT FUND. FOR THE PAST DECADE, THE YSU FOUNDATION HAS MATCHED ALL GIFTS TO MINORITY SCHOLARSHIPS. THIS HAS ATTRACTED OVER $1,105,613 IN GIFTS, HELPING YSU INCREASE THE DIVERSITY OF ITS STUDENT BODY. THE STUDENT INVESTMENT FUND, WITH $1,137,184 IN ASSETS, IS MANAGED BY THE STUDENT INVESTMENT CLUB, PROVIDING STUDENTS WITH REAL WORLD INVESTMENT EXPERIENCE.THE FOUNDATION ALSO PROVIDES GRANTS TO YOUNGSTOWN STATE UNIVERSITY FOR THE PURPOSE OF LECTURES AND SYMPOSIUMS AND FOR THE OPERATIONS OF VARIOUS DEPARTMENTS AND CENTERS. 12508517 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 1 27 1 1 1 0 0 0 0 0 0 0 0 0 X 42 42 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X PAUL MCFADDEN 3309413211 655 WICK AVENUE YOUNGSTOWN OH 44502 JOCELYNE KOLLAY LINSALATA CHAIR/TRUSTEE 1.00 0.00 X X 0 0 0 RICHARD J SCHIRALDI VICE CHAIR/TRUSTEE 1.00 0.00 X X 0 0 0 JOHN L POGUE SECRETARY/TRUSTEE 1.00 0.00 X X 0 0 0 PAUL J WILLIAMS TREASURER/TRUSTEE 1.00 0.00 X X 0 0 0 PETER J ASIMAKOPOULOS TRUSTEE 1.00 0.00 X 0 0 0 EUGENIA C ATKINSON TRUSTEE 1.00 0.00 X 0 0 0 A GARY BITONTE TRUSTEE 1.00 0.00 X 0 0 0 SUSAN BRINEY TRUSTEE 1.00 0.00 X 0 0 0 RAYMOND J BRIYA TRUSTEE 1.00 0.00 X 0 0 0 LEE BURDMAN TRUSTEE 1.00 0.00 X 0 0 0 ANTHONY M CAFARO SR TRUSTEE 1.00 0.00 X 0 0 0 THOMAS J CAVALIER TRUSTEE 1.00 0.00 X 0 0 0 Y T CHIU JR TRUSTEE 1.00 0.00 X 0 0 0 DOMENIC L CONSTANTINI TRUSTEE 1.00 0.00 X 0 0 0 ALAN W COPE TRUSTEE 1.00 0.00 X 0 0 0 MILLICENT S COUNTS TRUSTEE 1.00 0.00 X 0 0 0 REX A FERRY TRUSTEE 1.00 0.00 X 0 0 0 ALFRED J FLEMING TRUSTEE 1.00 0.00 X 0 0 0 THOMAS J FLEMING TRUSTEE 1.00 0.00 X 0 0 0 JOHN F GELETKA TRUSTEE 1.00 0.00 X 0 0 0 JAMES GELLER TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN J GURGOVITS TRUSTEE 1.00 0.00 X 0 0 0 FRANK HIERRO TRUSTEE 1.00 0.00 X 0 0 0 NATHANIEL R JONES TRUSTEE 1.00 0.00 X 0 0 0 MITCHELL J JOSEPH TRUSTEE 1.00 0.00 X 0 0 0 BENJAMIN KECK TRUSTEE 1.00 0.00 X 0 0 0 GARRY L MROZEK TRUSTEE 1.00 0.00 X 0 0 0 ED MURANSKY TRUSTEE 1.00 0.00 X 0 0 0 JUDE NOHRA TRUSTEE 1.00 0.00 X 0 0 0 CARL A NUNZIATO TRUSTEE 1.00 0.00 X 0 0 0 ROBERT A O'LEARY TRUSTEE 1.00 0.00 X 0 0 0 ANTHONY PAYIAVLAS TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM POOLE TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM A RUSSELL TRUSTEE 1.00 0.00 X 0 0 0 MARY PAT SALOMONE TRUSTEE 1.00 0.00 X 0 0 0 THEODORE SCHMIDT TRUSTEE 1.00 0.00 X 0 0 0 C REID SCHMUTZ TRUSTEE PART YEAR 1.00 0.00 X 0 0 0 JAMES H SISEK TRUSTEE 1.00 0.00 X 0 0 0 CLARENCE R SMITH JR TRUSTEE PART YEAR 1.00 0.00 X 0 0 0 DOUG SWEENEY TRUSTEE 1.00 0.00 X 0 0 0 RICHARD B THOMPSON TRUSTEE 1.00 0.00 X 0 0 0 FRANK C WATSON TRUSTEE 1.00 0.00 X 0 0 0 ANDREW WELLER TRUSTEE 1.00 0.00 X 0 0 0 STUART WISE TRUSTEE 1.00 0.00 X 0 0 0 PAUL MCFADDEN PRESIDENT 40.00 0.00 X 177426 0 49882 177426 0 49882 1 0 1 0 GRAYSTONE CONSULTING 4449 EASTON WAY SUITE 300 COLUMBUS OH 43219 INVESTMENT MANAGEMENT 774546 1 X 13695527 184037 13695527 2613288 -28658 2641946 115052522 109431644 5620878 5620878 5620878 21929693 0 -28658 8262824 12208543 12208543 230474 23047 69142 138285 636075 181148 199621 255306 22354 5719 6484 10151 98823 34981 26437 37405 53741 14197 16556 22988 106121 106121 60549 60549 874215 874215 11151 11151 202852 32497 21301 149054 59502 5696 53806 48433 1970 46463 80741 80741 31145 438 30707 55873 135 3222 52516 13320 13320 19091 19091 PLEDGE DISCOUNT 233305 233305 MEMBERSHIP DUES 10191 584 9607 5480 5480 15061979 12508517 1857050 696412 4739753 1707990 5240220 9581751 9295 656 1031078 985794 92582 41992 59229 50590 206643636 228395689 509102 416938 218232313 241139408 915552 570180 8067599 8161200 8983151 8731380 X 136086960 147197446 8068816 13018654 65093386 72191928 209249162 232408028 218232313 241139408 X 6867714 16273796 17356 X X 0 1 X 1 0 X 2333460 3331947 8082371 14395061 13695527 41838366 2333460 3331947 8082371 14395061 13695527 41838366 24386 41813980 6009868 2848423 2892079 2578653 2613288 16942311 58780677 0.71140 0.60140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 204701206 5100602 24098923 8855742 225044989 215954152 6177412 -6946246 10484112 204701206 224094887 4049680 -2563843 9626572 215954152 203009376 3591050 26083985 8589524 224094887 184759583 2227881 24500250 8478338 203009376 0.67570 0.30030 0.02410 0 0 92582 41992 50590 50590 38220845 16273796 17356 16291152 21929693 0 21929693 15061979 0 15061979 0 15061979 Part V, Line 4: THE ORGANIZATION'S USE OF ENDOWMENT FUNDS ARE TO BE USED FOR SCHOLARSHIPS AND OTHER SPECIFIED USES FOR THE BENEFIT OF STUDENTS, AND RELATED ACTIVITIES AND PROGRAMS AT YOUNGSTOWN STATE UNIVERSITY. Part XI, Line 2d - Other Adjustments: CHANGE IN BENEFICIAL INTEREST IN REMAINDER TRUSTS CENTRAL AMERICA AND THE CARRIBEAN 0 0 INVESTMENTS 47612179 0 0 0 0 0 0 47612179 0 47612179 1 0 1 1 1 0 0 YOUNGSTOWN STATE UNIVERSITY ONE UNIVERSITY PLAZA YOUNGSTOWN OH 44555 341011998 170(B)(I)(A)(II) 12208543 TO EXCLUSIVELY SUPPORT YOUNGSTOWN STATE UNIVERSITY. 1 0 PART I, LINE 2: THE FOUNDATION EXCLUSIVELY SUPPORTS YOUNGSTOWN STATE UNIVERSITY WHICH IS LOCATED WITHIN THE UNITED STATES. YSU FOUNDATION ANNUALLY FOLLOWS UP WITH THE UNIVERSITY ON THE USE OF AWARDED GRANTS TO ASSURE THEY ARE USED FOR THE INTENDED PURPOSES. X 1 1 X X X 0 0 0 0 0 0 0 0 0 PAUL MCFADDEN PRESIDENT 177426 0 0 0 0 0 37000 0 12882 0 227308 0 0 0 PART I, LINE 1A: THE BENEFIT OF SOCIAL CLUB DUES WAS USED STRICTLY FOR PROMOTION AND FUNDRAISING PURPOSES TO SUPPORT THE MISSION ACTIVITY OF THE ORGANIZATION AND WAS RECEIVED BY PAUL MCFADDEN, PRESIDENT. THE BENEFIT OF THE SOCIAL CLUB DUES WAS NOT TREATED AS TAXABLE COMPENSATION. X 13 179183 MARKET QUOTATIONS X FUNDRAISING EXPENSES 2 4854 0 0 0 Part I, Column (b): YOUNGSTOWN STATE UNIVERSITY FOUNDATION IS REPORTING SCHEDULE M USING THE NUMBER OF CONTRIBUTIONS FOR EACH LINE ITEM. Form 990, Part VI, Section B, line 11b IRS FORM 990 IS REVIEWED AND APPROVED BY THE FOUNDATION'S EXECUTIVE COMMITTEE AND AUDIT COMMITTEE. THE FOUNDATION ALSO PROVIDED THE FORM 990 TO EACH VOTING MEMBER OF THE BOARD OF TRUSTEES IN PAPER AND/OR ELECTRONIC FORM. Form 990, Part VI, Section B, line 12c ALL TRUSTEES OF THE ORGANIZATION SIGN CONFLICT OF INTEREST POLICIES ANNUALLY. CONFLICTS OF INTEREST ARE IDENTIFIED DURING BOARD MEETINGS BY THE TRUSTEES AND BOARD MEMBERS ABSTAIN FROM VOTING IF THEY HAVE A CONFLICT. BOARD MEMBERS ARE AWARE TO DISCLOSE CONFLICTS OF INTEREST AS SOON AS THEY ARISE, AND THE PRESIDENT ALSO MONITORS THE CONFLICTS OF INTEREST THROUGHOUT THE YEAR. THE BOARD CHAIR REVIEWS THE PRESIDENT'S COMPLETED CONFLICT OF INTEREST POLICY. Form 990, Part VI, Section B, line 15a THE EXECUTIVE COMMITTEE PROVIDES TO THE BOARD CHAIR A SALARY RANGE BASED UPON THE REVIEW OF COMPENSATION PAID TO SIMILAR POSITIONS REPORTED ON THE FORM 990 OF OTHER ORGANIZATIONS TO DETERMINE THE PRESIDENT'S COMPENSATION. THE BOARD CHAIR DETERMINES, REVIEWS AND APPROVES THE COMPENSATION AMOUNT AND COMMUNICATES IT TO THE PRESIDENT THROUGH E-MAIL. THE COMPENSATION REVIEW PROCESS WAS LAST COMPLETED IN JULY 2017. Form 990, Part VI, Section C, line 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART VIII, LINE 1: EFFECTIVE APRIL 1, 2015, THE FOUNDATION ENTERED INTO A DEVELOPMENTAL AGREEMENT WITH YOUNGSTOWN STATE UNIVERSITY WHEREIN THE FOUNDATION RAISES AND MAINTAINS DONATIONS ON BEHALF OF THE UNIVERSITY. THE FOUNDATION REMITS ALL RELATED FUNDS WHICH HAVE BEEN RECEIVED TO THE UNIVERSITY ON A MONTHLY BASIS. FOR THE YEAR ENDED JUNE 30, 2017, THE FOUNDATION RECORDED CONTRIBUTION REVENUE AND DISTRIBUTION EXPENSES OF $3,465,894. Form 990, Part XI, line 9: CHANGE IN BENEFICIAL INTEREST IN REMAINDER TRUSTS 17,356. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S BOARD OF TRUSTEES PROCESS OF ASSUMING RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED OR BEEN REVISED FROM THE PRIOR YEAR TO THE CURRENT YEAR.