2017-05-05T14:54:16-05:00 2016-06-30 Thomas Howell Ferguson PA 2615 Centennial Blvd Suite 200 Tallahassee FL 32308 990 2015-07-01 591561180 Seminole Boosters Inc % JOHN P SINCLAIR III SEMI 8506448803 PO BOX 1353 TALLAHASSEE FL 323021353 ROBERT A MILLER President/CEO 2017-05-03 true Winston K Howell P01347409 8506688100 2015 2021-01-29 14:40:06Z ROBERT A MILLER CEO PO BOX 1353 TALLAHASSEE FL 323021353 57392715 false X www.seminole-boosters.com X 1974 FL TO PROVIDE FINANCIAL SUPPORT FOR THE INTERCOLLEGIATE ATHLETIC PROGRAM AT THE FLORIDA STATE UNIVERSITY. 60 55 63 55 528542 -245525 28561378 24951553 8294455 8743270 4264923 1202339 13202881 7161915 54323637 42059077 0 0 0 0 4719734 4680656 0 0 3335477 40735386 39029560 45455120 43710216 8868517 -1651139 218805736 209833240 79705294 79648097 139100442 130185143 SEMINOLE BOOSTERS, INC. WAS CREATED AS A NOT-FOR-PROFIT ORGANIZATION TO STIMULATE AND PROMOTE THE EDUCATION, HEALTH, AND PHYSICAL WELFARE OF THE STUDENTS OF FLORIDA STATE UNIVERSITY BY PROVIDING FINANCIAL SUPPORT FOR THE INTERCOLLEGIATE ATHLETIC PROGRAM AT FSU. false false 21507005 Expenditures include disbursements made to Florida State University Department of Athletics, disbursements made to Florida State University, and transfers to FSU Financial Assistance. These disbursements include, Athletic Development Fund payments to supplement Athletic Department salaries, Operating Transfers to help pay student athlete scholarships, on-behalf of disbursements to support various other sport needs, University Presidential transfers to supplement the fundraising efforts of the University President, restricted disbursements made by individual sports from specific restricted accounts to allow continued increased performance in each sport, and transfers of funds collected to pay the debt service of FSU Financial Assistance. 599108 Other expenditures include disbursements made for Capital Projects completed for the Florida State University Department of Athletics as well as facilities maintenance expenses incurred to keep facilities functional during the fiscal year. 12623465 Other program expenditures include disbursements that further the mission of the Seminole Boosters, including expenses for various banquets and events, spring tour expenditures, costs to administer the royalty program, additional scholarship expenditures, as well as various other expenditures that promote the education, health and physical welfare of students at Florida State University. 34729578 true true false false false false false false true true false false true true true false true false false false false false false false false false false false true false false false false false false false false true false false false true true false false false true 205 0 63 true true true true CJ false false false true true false false false false false false false X 60 55 false false false false false false false true true false false true true true true true true true true false X X JOHN P SINCLAIR III 8506448803 FSU UNIVERSITY CENTER SUITE C-5100 tallahassee FL 32306 Jorge E Azor DIRECTOR 0.25 0.0 X 0 0 0 Byron W Bailey Director 0.25 0.0 X 0 0 0 Lancer A Barton Director 0.25 0.0 X 0 0 0 Yvonne T Brown Director 0.25 0.0 X 0 0 0 Edward E Burr Director 0.25 0.0 X 0 0 0 John B Crowe director 0.25 0.0 X 0 0 0 Eugene R Davis DIRECTOR 0.25 0.0 X 0 0 0 William J Dawkins director 0.25 0.0 X 0 0 0 Craig A Dewhurst DIRECTOR 0.25 0.0 X 0 0 0 Christopher E Diamantis DIRECTOR 0.25 0.0 X 0 0 0 Albert J Dunlap director 0.25 0.0 X 0 0 0 Linda H Dupree Director 0.25 0.0 X 0 0 0 Kenneth W Durham DIRECTOR 0.25 0.0 X 0 0 0 Don R Everett DIRECTOR 0.25 0.0 X 0 0 0 Mike T Evertsen director 0.25 0.0 X 0 0 0 Louis J Fellenz director 0.25 0.0 X 0 0 0 Ann Ruth Figg director 0.25 0.0 X 0 0 0 Alan R Flaumenhaft director 0.25 0.0 X 0 0 0 Robert C Frey DIRECTOR 0.25 0.0 X 0 0 0 Eric S Friall Director 0.25 0.0 X 0 0 0 Ernest B Garcia director 0.25 0.0 X 0 0 0 James A Graganella director 0.25 0.0 X 0 0 0 Daniel J Grant director 0.25 0.0 X 0 0 0 Bill R Hagen director 0.25 0.0 X 0 0 0 Michael W Harrell Immediate Past Chair 0.25 0.0 X X 0 0 0 Kevin E Hawkins Director 0.25 0.0 X 0 0 0 Timothy J Hill director 0.25 0.0 X 0 0 0 Gary E Huff DIRECTOR 0.25 0.0 X 0 0 0 Thomas V Hynes DIRECTOR 0.25 0.0 X 0 0 0 Kris P Inchcombe DIRECTOR 0.25 0.0 X 0 0 0 Thomas W Jennings Director 0.25 40.0 X 0 302218 38140 Robert A Johnson Director 0.25 0.0 X 0 0 0 Marice Leo Director 0.25 0.0 X 0 0 0 Shane D Locke Director 0.25 0.0 X 0 0 0 Paul M Lowenthal Director 0.25 0.0 X 0 0 0 Mark A Macek DIRECTOR 0.25 0.0 X 0 0 0 John D McCann Director 0.25 0.0 X 0 0 0 Linda C McGee Director 0.25 0.0 X 0 0 0 Dennis K Newman Director 0.25 0.0 X 0 0 0 Stuart A Norman DIRECTOR 0.25 0.0 X 0 0 0 George M O'Bryant Director 0.25 0.0 X 0 0 0 James P Owens Director 0.25 0.0 X 0 0 0 Pamela L Perrewe Director 0.25 40.0 X 0 175032 22132 Madeline N Perrotta Director 0.25 0.0 X 0 0 0 David A Rancourt Chairman 0.25 0.0 X X 0 0 0 Sam B Rogers Director 0.25 0.0 X 0 0 0 Scott G Roix director 0.25 0.0 X 0 0 0 Douglas W Russell director 0.25 0.0 X 0 0 0 Jon L Shebel DIRECTOR 0.25 0.0 X 0 0 0 Barrett B Smith Director 0.25 0.0 X 0 0 0 Larry O Strom Director 0.25 0.0 X 0 0 0 John W Thiel Director 0.25 0.0 X 0 0 0 Nylah J Thompson Vice Chair 0.25 0.0 X X 0 0 0 John E Thrasher Director 0.25 40.1 X 0 547951 180716 Gary A Thurston Secretary 0.25 0.0 X X 0 0 0 Nadezda C Usina Director 0.25 0.0 X 0 0 0 Jesse C Vance Director 0.25 0.0 X 0 0 0 Michael G Walsingham Director 0.25 0.0 X 0 0 0 Stanley Wilcox Director 0.25 40.1 X 0 669889 109270 Brian K Williams Director 0.25 0.0 X 0 0 0 Robert A Miller CEO/President 40.0 10.0 X X 282536 0 44211 JP Sinclair Chief Financial Officer 40.0 5.0 X 90630 0 11808 Tom Carlson Sr. Vice President 40.0 0.0 X 170999 0 23207 Joel Padgett Director 40.0 0.0 X 122982 0 19045 Jerry Kutz Executive Director 40.0 0.0 X 147715 0 20220 Billy Sexton Vice President 40.0 0.0 X 140450 0 21059 Cindee Lundeen Vice President 40.0 0.0 X 123971 0 17540 1079283 1695090 507348 6 false true false Civic Center 505 w pensacola street TALLAHASSEE FL 32301 RENTAL 731328 University Center Club university center building b TALLAHASSEE FL 32306 MEMBERSHIP CHARGES 512896 ADVENT 2316 CRUZEN STREET NASHVILLE TN 37211 CONSTRUCTION 538893 McGuire Woods LLP 901 E Cary Street RICHMOND VA 23219 Legal Services 714090 Wasserstrom 477 S Front Street COLUMBUS OH 43215 Equipment 320316 5 366409 24585144 380862 24951553 STADIUM CONCESSION 900099 1069713 1069713 SKYBOX/CIVIC CENTER SUITES 900099 726444 726444 UNIV. CENTER CLUB 900099 6144246 6144246 VARSITY CLUB & GRILL SEATS 900099 802867 802867 8743270 422386 422386 0 4194900 4194900 2388308 586717 1801591 0 1801591 528542 1273049 15501153 25721 14621860 125061 879293 -99340 779953 779953 0 0 0 MULTIMEDIA CONTRACTUAL INCOME 900099 381601 381601 EVENT REVENUE 900099 812215 812215 BAD DEBT RECOVERY 900099 -57415 -57415 29023 29023 1165424 42059077 9498070 528542 7080912 0 0 0 0 465148 301609 163539 0 2914451 1889773 1024678 270834 93373 177461 764069 467988 296081 266154 172578 93576 0 45688 45688 74091 74091 0 0 156085 156085 390119 3716 202205 184198 106639 106639 1185519 739979 445540 105038 63023 42015 0 7635 7635 1342077 1340360 1717 0 65825 60270 5555 181380 181380 21507005 21507005 594120 594120 93232 55939 37293 UNIVERSITY CENTER CLUB 5636292 5636292 ATHLETIC PROGRAM 2544702 2544702 BAD DEBT EXPENSE 573766 474541 99225 OTHER PROGRAM EXPENSE 1895785 1895785 2524562 558513 1194178 771871 43710216 34729578 5645161 3335477 30744 10593 14710491 6790923 77555729 80664218 15010587 17970999 0 0 0 0 15365880 25237975 111894 77406 433105 200690 36319368 6288459 34806336 30030909 31605072 27566608 202597 -1389960 0 0 0 0 28973301 22672879 218805736 209833240 1549868 623205 0 0 55902635 65100182 0 0 0 0 0 0 31485 5902 6500000 6325000 15721306 7593808 79705294 79648097 X 0 0 0 0 139100442 130185143 139100442 130185143 218805736 209833240 X -1651139 -1989109 -5393249 118198 X X false true X true false X 27296069 17986802 24425839 28561378 24951553 123221641 0 0 27296069 17986802 24425839 28561378 24951553 123221641 1291245 121930396 3427311 3697921 4848122 5263796 5890335 23127485 0 4945106 5380144 5522598 8174167 1165424 25187439 171536565 39260445 0.71081 0.69744 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 69234648 2457345 228559 1164761 0 171175 70584616 69071059 4895560 -2373940 1784732 0 573299 69234648 66035756 2419112 3727044 2480762 0 630091 69071059 64021867 588202 4678294 2316904 0 935703 66035756 66053795 401038 83048 1821787 0 694227 64021867 0.46270 0.43410 0.10320 true true true 11330557 11189092 22519649 5877824 5877824 4443552 3244309 1199243 2374673 1940480 434193 1103670 1103670 0 30030909 DUE FROM OTHER FUNDS 1236433 OTHER 884291 PREPAID TUITION CONTRACTS 2884802 DEPOSITS 34140 CONSTRUCTION IN PROGRESS 17633213 22672879 0 OTHER LIABILITIES 110442 DUE TO FSU FOUNDATION 3410000 DUE TO FSU DEPT OF ATHLETICS 3394327 DUE TO UCC MANAGEMENT COMPANY 679039 7593808 X 37181085 -5464709 -5464709 42645794 -586717 -586717 42059077 40703135 -3007081 -3007081 43710216 43710216 PART V, LINE 4: The intended use of the endowment is to fund athletics, which includes scholarships for Florida State University student-athletes in every NCAA sanctioned sport in which Florida State University participates. PART X, LINE 2: WITH FEW EXCEPTIONS, THE SEMINOLE BOOSTERS IS NO LONGER SUBJECT TO EXAMINATIONS BY MAJOR TAX JURISDICTIONS FOR YEARS ENDED JUNE 30, 2012 AND PRIOR. PART XI, LNE 2D: IN-KIND REVENUE: 711,488 NET EXPENSES VARSITY CLUB: -539,905 UNIVERSITY CENTER CLUB EXPENSES: -5,636,292 PART XI, LINE 4B: CHAMPIONS HALL EXPENSES: -586,717 PART XII, LINE 2D: IN-KIND EXPENSES: 593,290 NET EXPENSES VARSITY CLUB: -539,905 UNIVESRITY CENTER CLUB EXPENSES: -5,636,292 UNREALIZED LOSSES: 1,989,109 CHAMPIONS HALL EXPENSES: 586,717 EXPENSES RELATED TO UNIVERSITY CENTER CLUB, CHAMPIONS HALL, AND VARSITY CLUB ARE REPORTED AS A REDUCTION TO INCOME ON PART VIII - STATEMENT OF REVENUES. FOR AUDITED FINANCIAL STATEMENT PRESENTATION, THEY ARE REPORTED AS EXPENSES. X X X X X false true false false false false false false false Thomas W Jennings Director 0 296218 0 0 0 6000 0 20991 0 17149 0 340358 0 0 Pamela L Perrewe Director 0 175032 0 0 0 0 0 13558 0 8574 0 197164 0 0 John E Thrasher Director 0 432996 0 90000 0 24955 0 163567 0 17149 0 728667 0 0 Stanley Wilcox Director 0 229038 0 389250 0 51601 0 92121 0 17149 0 779159 0 0 Robert A Miller CEO/President 208283 0 67053 0 7200 0 26858 0 17353 0 326747 0 0 0 Tom Carlson Sr. Vice President 141279 0 28640 0 1080 0 17083 0 6124 0 194206 0 0 0 Jerry Kutz Executive Director 122662 0 23253 0 1800 0 14096 0 6124 0 167935 0 0 0 Billy Sexton Vice President 105515 0 32775 0 2160 0 14935 0 6124 0 161509 0 0 0 PART I, LINE 4b NONQUALIFIED RETIREMENT PLAN ANDY MILLER $50,000 THE BENEFITS UNDER THE PLAN ARE FUNDED THROUGH A LIFE INSURANCE POLICY. THE ABOVE AMOUNT REPRESENTS THE INSURANCE PREMIUMS PAID ON THE LIFE INSURANCE POLICY FOR THE 2015 CALENDAR YEAR. TO DATE NO BENEFIT AMOUNTS HAVE BEEN DISPERSED UNDER THIS PLAN. X 23 235862 market value X 1 145000 APPRAISED VALUE false false true part i THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS IN COLUMN (B). LINE 32B SEMINOLE BOOSTERS, INC. HAVE AN AGREEMENT WITH REAL ESTATE INSYNC TO HELP MANAGE THEIR PROPERTIES. THIS INCLUDES HELPING WITH THE DISPOSITION OF NONCASH CONTRIBUTIONS RECEIVED BY THE BOOSTERS. THE AGREEMENT INCLUDES A MONTHLY FEE of $2,750 per month. ADDITIONALLY, THE SEMINOLE BOOSTERS WILL ENGAGE VARIOUS REAL ESTATE AGENTS TO HELP WITH THE SALE OF RESIDENTIAL AND COMMERCIAL PROPERTIES. THE TERMS OF THESE AGREEMENTS VARY, BUT TYPICALLY INCLUDE A FEE FOR THE AGENT FOR SELLING THE PROPERTY. PART VI: GOVERNANCE, MANAGEMENT, AND DISCLOSURE SECTION B, LINE 11B THE CFO REVIEWS FORM 990 WITH THE TREASURER AND RESOLVES ANY ISSUES OR QUESTIONS WITH THE INDEPENDENT ACCOUNTING FIRM THAT PREPARES THE FORMS. THE BOARD OF DIRECTORS HAS DELEGATED TO THE FINANCE AND BUDGET COMMITTEE AND AUDIT COMMITTEE THE RESPONSIBILITY FOR THE FINAL REVIEW OF THE FORM 990. THE FINANCE AND BUDGET COMMITTEE, AUDIT COMMITTEE, AND TREASURER REVIEW THE FORM 990 BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. THE REVIEW IS DONE CONCURRENTLY WITH MANAGEMENT AND ANY QUESTIONS AS A RESULT OF THAT REVIEW ARE ANSWERED. NO FURTHER REVIEW BY THE BOARD IS REQUIRED BEFORE THE FORMS ARE FILED WITH THE IRS. LINE 12C BOARD OF DIRECTORS ARE REQUIRED TO DISCLOSE ANNUALLY TO THE CHAIRMAN ANY KNOWN OR POTENTIAL CONFLICTS OF INTEREST. THE CHAIRMAN ENSURES THAT ALL CONFLICTS ARE RESOLVED. LINE 15 THE COMPENSATION COMMITTEE ESTABLISHES COMPENSATION FOR MANAGEMENT OF SEMINOLE BOOSTERS, INC. THE COMPENSATION COMMITTEE USES THE FOLLOWING TO ESTABLISH COMPENSATION FOR THE MANAGEMENT OF SEMINOLE BOOSTERS: 1) WRITTEN EMPLOYMENT CONTRACT 2) INDEPENDENT COMPENSATION CONSULTANT 3) COMPENSATION SURVEY OR STUDY 4) FORM 990 OF OTHER ORGANIZATIONS 5) COMPENSTATION COMMITTEE SUBMITS RECOMMENDATIONS FOR BOARD APPROVAL. THE LAST COMPENSATION STUDY WAS PERFORMED IN 2015. The Wages for the CEO were reviewed and approved during the 06/30/2016 fiscal year. SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THREE MOST CURRENT YEARS OF FINANCIAL STATEMENTS AND FORM 990S AVAILABLE TO THE PUBLIC UPON REQUEST. PART XI: RECONCILIATION OF NET ASSETS LINE 9 IN-KIND REVENUE: 711,488 IN-KIND EXPENSE: -593,290 PART XII: FINANCIAL STATEMENTS AND REPORTING LINE 2C: AN AUDIT COMMITTEE WAS FORMED IN OCTOBER 2014 AND THEY REVIEW AND APPROVE THE AUDIT. T'ALLEY PROPERTIES PO BOX 1353 TALLAHASSEE FL 32302 453781855 REAL ESTATE FL -309268 3816168 NA fsu financial assistance inc po box 1353 tallahassee FL 32302 592477517 BOND FINANCE FL 501(C)(3) 11d NA false florida state university a2201 university center tallahassee FL 32306 591961248 education FL 501(C)(3) 2 na false false false false true false false false false false false false false false true false false true false FSU FINANCIAL ASSISTANCE D 1236433 ACTUAL FLORIDA STATE UNIVERSITY R 21507005 ACTUAL FSU FINANCIAL ASSISTANCE O IN-KIND