2017-05-25T08:01:16-05:00 2016-09-30 454084437 WARREN AVERETT LLC 3815 INTERSTATE CT MONTGOMERY AL 36109 990 2015-10-01 636067755 TROY UNIVERSITY FOUNDATION TROY 3346703000 ADAMS ADMINISTRATION BLDG NO 241 TROY STATE UNIVERSITY AL 36082 DR JAMES BOOKOUT TREASURER 3346703000 2017-05-12 1 JERI GROCE P01333499 3342712200 2017-05-12 2015 2021-01-29 14:40:06Z DR JAMES BOOKOUT 241 ADAMS ADMINISTRATION TROY AL 36082 16397521 0 X WWW.TROY.EDU/DEVELOPMENT/FOUNDATION X 1968 AL SUPPORT OF TROY UNIVERSITY STUDENTS, FACULTY, STAFF AND ALUMNI 22 22 0 22 230878 134105 6554613 4490994 2527090 1628650 1823866 2979490 25110205 3712945 36015774 12812079 25687804 3651743 0 0 4485 0 0 0 0 4156146 3562419 29848435 7214162 6167339 5597917 130385785 154991470 59409525 75717597 70976260 79273873 TO ASSIST TROY UNIVERSITY IN BUILDING ITS ENDOWMENT THROUGH A COORDINATED DONOR PROGRAM AND SOUND INVESTMENT POLICY THEREBY ENSURING RELIABLE RESOURCES FOR THE FUTURE. 0 0 4755274 3651743 5127616 SUPPORT OF TROY UNIVERSITY SYSTEM ACADEMICS, LIBRARY, FACULTY, STAFF, ALUMNI AND STUDENT PROGRAMS FOR APPROXIMATELY 15,000 STUDENTS AND 100,000 ALUMNI. 4755274 1 1 0 0 0 0 0 1 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 1 45 0 1 0 1 1 0 0 0 0 0 0 0 0 0 X 22 22 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 AL X X DR JAMES BOOKOUT 3346703108 ADAMS ADMINISTRATION BUILDING TROY AL 36082 X DR JAMES R ANDREWS EMERITUS 1.00 X 0 0 0 DR JAMES BOOKOUT JR TREASURER 1.00 X X 0 0 0 HORACE HORN JR BOARD MEMBER 1.00 X 0 0 0 DR JOHN BOB BOOTHE JR BOARD MEMBER (ALUMNI) 1.00 X 0 0 0 KAREN CARTER CHAIRMAN 1.00 X X 0 0 0 DAVID MALLACH BOARD MEMBER 1.00 X 0 0 0 DR JEFFREY DUGAS BOARD MEMBER 1.00 X 0 0 0 DR JACK HAWKINS JR PRESIDENT 1.00 X X 0 0 0 LARRY HUGHES VICE-CHAIR 1.00 X X 0 0 0 JOHN R FERGUSON BOARD MEMBER 1.00 X 0 0 0 DR MANUEL JOHNSON JR BOARD MEMBER 1.00 X 0 0 0 DR JEAN LALIBERTE VICE PRESIDENT/SECRETARY 1.00 X X 0 0 0 DOUG MIMS BOARD MEMBER 1.00 X 0 0 0 DR HARREL MCKINNEY BOARD MEMBER 1.00 X 0 0 0 RANDALL MOORE BOARD MEMBER 1.00 X 0 0 0 DR AMY MORRIS BOARD MEMBER 1.00 X 0 0 0 CLAUDENE NICHOLS BOARD MEMBER 1.00 X 0 0 0 MAJOR GEN WALTER GIVHAN EXECUTIVE VICE PRESIDENT 1.00 X X 0 0 0 H WILLIAM WASDEN BOARD MEMBER 1.00 X 0 0 0 ROY DRINKARD BOARD MEMBER 1.00 X 0 0 0 DR EARL JOHNSON BOARD MEMBER 1.00 X 0 0 0 JEFFREY COLEMAN BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 WHALEY CONSTRUCTION PO BOX 768 TROY AL 36081 CONSTRUCTION 3273027 OUTFRONT MEDIA PO BOX 33074 NEWARK NJ 07188 SPORTS MANAGEMENT 254702 MCKEE & ASSOCIATES 309 MADISON STREET TROY AL 36081 ENGINEERING SERVICES 198779 SODEXO INC & AFFILIATES 117 ADAMS ST TROY AL 36081 CATERING SERVICES 196887 GOODWYN MILLS & CAWOOD INC 2660 EAST CHASE LANE SUITE 200 MONTOGMERY AL 36117 ENGINEERING SERVICES 164166 6 98340 4392654 191180 4490994 RENTAL INCOME 900099 1628650 1628650 1628650 937154 937154 437000 206122 230878 230878 230878 2969395 2250000 2381137 795922 588258 1454078 2042336 2042336 185362 98340 202261 -16899 -16899 OTHER INCOME 900099 3369442 3369442 VENDING COMMISSIONS 900099 84530 84530 AFFINITY CARD AND ROYALTIES 900099 44994 44994 3498966 12812079 5127616 230878 2962591 3651743 3651743 627 627 4432 3432 1000 54060 54060 646281 467738 178543 2710 2710 105456 37550 67906 123617 123617 306651 15917 290734 30658 18383 12275 395271 11696 383575 377879 377879 32684 32684 BAD DEBT 348824 348824 MEALS & ENTERTAINMENT 223691 76202 147489 REFUNDS 167591 164286 3305 GIFTS AND AWARDS 152396 67979 84417 589591 240348 349243 7214162 4755274 2458888 0 174129 178229 21689542 23794353 2917233 2702160 1370464 2431393 26671663 2217720 21799236 24453943 81268732 100273831 1166449 1157561 130385785 154991470 629801 2180044 2549398 2621425 41954620 57263229 14187304 13576162 88402 76737 59409525 75717597 X 17406527 18747578 32888385 39156748 20681348 21369547 70976260 79273873 130385785 154991470 X 5597917 2700447 -751 X 0 1 X 1 0 X 6154168 3861503 4902209 6554613 4575524 26048017 6154168 3861503 4902209 6554613 4575524 26048017 1883763 24164254 1129860 1587551 3826330 3484586 2610798 12639125 107403 149210 230878 487491 39174633 0.61680 0.61840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 176180 2752280 X 0 0 1 X 42956054 1058104 3949430 854918 313396 46795274 42989073 731164 218932 656166 326949 42956054 38616283 1851506 3353444 576043 256117 42989073 34335123 648407 4202107 425355 143999 38616283 29111165 759063 4891219 426324 34335123 0.23000 0.77000 0.00000 0 0 222898 1234960 1457858 18567439 2111500 16455939 124951 106220 18731 6521415 6521415 24453943 GIFT ANNUITY LIABILITY 76737 76737 X 15909869 2700447 1406 426539 3128392 12781477 30602 30602 12812079 7612256 1406 408383 409789 7202467 11695 11695 7214162 PART III, LINE 4: THE FOUNDATION HAS COLLECTIONS OF ARTWORK THAT ARE USED TO SUPPORT TROY UNIVERSITY STUDENTS, FACULTY, STAFF AND ALUMNI BY CREATING EDUCATIONAL OPPORTUNITIES AND TO HEIGHTEN UNDERSTANDING AND APPRECIATION OF THE VISUAL WORLD. TROY UNIVERSITY IS IN THE PROCESS OF CREATING AN ART MUSEUM WHERE THESE WORKS OF ART WILL BE DISPLAYED. PART IV, LINE 2B: THE FOUNDATION SERVES AS CUSTODIAN FOR A TITLE III GRANT FOR THE DOTHAN CAMPUS OF TROY UNIVERSITY TOTALING $639,994. THE FOUNDATION HOLDS ESCROW FUNDS FOR CERTAIN FRATERNITIES TOTALING $301,464. THE FOUNDATION ADMINISTERS FUNDS FOR INTERNATIONAL STUDENTS TOTALING $481,105. TROY UNIVERSITY TRANSFERRED $50,000,000 TO THE FOUNDATION FOR INVESTMENT. THE TOTAL BALANCE AT SEPTEMBER 30, 2016 WAS $55,094,117. CENTER SERVICES, INC. (CSI) INVESTED $526,700 IN THE FOUNDATION'S POOLED ENDOWMENT. THE TOTAL BALANCE AT SEPTEMBER 30, 2016 WAS $746,549. PART V, LINE 4: THE FOUNDATION ESTABLISHES ENDOWED FUNDS TO SUPPORT DONOR(S) PURPOSES IN PERPETUITY. GIFTS OF CASH OR CASH GENERATED FROM CONVERSION OF A NON-CASH ASSET ARE INVESTED IN THE TROY FOUNDATION ENDOWED INVESTMENT POOL. IT IS THE GOAL OF THE FOUNDATION ENDOWMENT INVESTMENT POLICY TO PROVIDE A REAL TOTAL RETURN FROM ASSETS INVESTED THAT WILL PRESERVE AND INCREASE THE PURCHASING POWER OF THE ENDOWMENT CAPITAL, WHILE GENERATING THE MAXIMUM YIELD TO SUPPORT THE ACTIVITIES OF THE FUNDS HELD FOR THE COLLEGES, SCHOOLS, DEPARTMENTS, UNITS AND PROGRAMS OF THE UNIVERSITY. PART X, LINE 2: THE FOUNDATION IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. CERTAIN TYPES OF INCOME MAY BE SUBJECT TO TAX FROM UNRELATED BUSINESS INCOME AS DEFINED BY THE TAX CODE. AT TIMES, THE FOUNDATION RECEIVES ROYALTY AND OTHER INCOME THAT MAY BE TAXABLE. DURING THE FISCAL YEAR 2016, THE FOUNDATION PAID APPROXIMATELY $40,000 IN UNRELATED BUSINESS INCOME TAX FOR TAXABLE INCOME GENERATED IN FISCAL YEAR 2016. THE FOUNDATION FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES. AS OF SEPTEMBER 30, 2016 AND 2015, THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AND NO INTEREST AND PENALTIES RELATED TO INCOME TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 18,156. FUNDRAISING EXPENSES 202,261. RENTAL EXPENSES 206,122. PART XI, LINE 4B - OTHER ADJUSTMENTS: DISTRIBUTIONS FROM PERPETUAL TRUST 30,602. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 202,261. RENTAL EXPENSES 206,122. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST COMPONENT OF SPLIT INTEREST AGREEMENTS 11,695. ATHLETICS HALL OF FAME 46000 34390 11610 3886 33933 FOOTBALL KICKOFF PARTY 37080 37080 19409 7 200622 63950 136672 20160 10520 114353 283702 98340 185362 24046 10520 167695 202261 -16899 1 TROY UNIVERSITY TROY MAIN CAMPUS TROY AL 36082 636001102 115 843016 STUDENT SCHOLARSHIPS TROY UNIVERSITY TROY MAIN CAMPUS TROY AL 36082 636001102 115 345861 EMINENT SCHOLAR PROFESSORSHIPS TROY UNIVERSITY TROY MAIN CAMPUS TROY AL 36082 636001102 115 938513 ATHLETIC DEPARTMENT TROY UNIVERSITY TROY MAIN CAMPUS TROY AL 36082 636001102 115 1524353 OTHER EXPENSES PART I, LINE 2: THE CHANCELLOR, EXECUTIVE VICE CHANCELLOR, SENIOR VICE CHANCELLORS AND VICE CHANCELLORS ARE SOLELY RESPONSIBLE FOR DISBURSEMENTS FROM FUNDS WHICH THEY CONTROL. UPON APPROVAL OF THE APPROPRIATE AUTHORITY, THE DEAN OR DIRECTOR OF A COLLEGE, SCHOOL, DEPARTMENT, UNIT OR PROGRAM IS RESPONSIBLE FOR RECOMMENDING APPROVAL OF ALL FOUNDATION DISBURSEMENTS FROM THE APPROPRIATE FUNDS. FINAL EXPENDITURE OF FOUNDATION FUNDS REQUIRES THE APPROVAL OF THE ASSOCIATE VICE CHANCELLOR FOR DEVELOPMENT AND THE TREASURER FOR DISBURSEMENTS OF LESS THAN $500. FOR DISBURSEMENTS GREATER THAN $500, THE APPROVAL OF THE SENIOR VICE CHANCELLOR FOR ADMINISTRATION AND THE CHANCELLOR IS REQUIRED. X 3 176180 APPRAISAL X MUSICAL INSTRUMENT 1 15000 APPRAISAL 3 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 DR. JAMES BOOKOUT, DR. JACK HAWKINS, MAJOR GEN. WALTER GIVHAN, AND DR. JEAN LALIBERTE - BUSINESS RELATIONSHIP DR. JAMES ANDREWS AND DR. JEFFREY DUGAS - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11 THE TREASURER, VICE PRESIDENT, AND SECRETARY OF THE FOUNDATION REVIEWED THE FORM 990 PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST TO THE FOUNDATION OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -751. SORRELL SOLUTIONS LLC 241 ADAMS ADMINISTRATION BUILDING TROY AL 36079 474977833 ADMINISTRATIVE SERVICES AL 102471 87285 TROY UNIVERSITY FOUNDATION