2017-02-24T15:39:34-06:00 2016-06-30 201941244 HORNE LLP 1020 HIGHLAND COLONY PKWY STE 400 RIDGELAND MS 39157 990 2015-07-01 640929171 UNIVERSITY OF SOUTHERN MISSISSIPPI ATHLETIC FOUNDATION UNIV 6012665017 118 COLLEGE DRIVE 5017 HATTIESBURG MS 39406 CHRISTI HOLLOWAY CFO 6012665017 2017-02-20 1 AMIE T WHITTINGTON CPA P01082167 6013261000 2017-02-15 2015 2021-01-29 14:40:06Z CHRISTI HOLLOWAY 118 COLLEGE DRIVE 5017 HATTIESBURG MS 39406 11416771 0 X N/A X 2000 MS THE MISSION OF THE ATHLETIC FOUNDATION IS TO PROVIDE FINANCIAL SUPPORT TO THE UNIVERSITY OF SOUTHERN MISSISSIPPI ATHLETIC PROGRAM. 32 31 0 10 0 0 5323297 6768715 0 0 409700 172062 -92618 -83951 5640379 6856826 4559909 5097832 0 0 0 0 0 0 0 1228659 1176730 5788568 6274562 -148189 582264 12353411 13907745 7580637 8656894 4772774 5250851 THE MISSION OF THE ATHLETIC FOUNDATION IS TO PROVIDE FINANCIAL SUPPORT TO THE UNIVERSITY OF SOUTHERN MISSISSIPPI ATHLETIC PROGRAM. 0 0 6229643 5097832 25776 ACTIVITIES SPONSORED BY THE ATHLETIC FOUNDATION TO BENEFIT THE ATHLETIC PROGRAM AND THE STUDENT ATHLETES. 6229643 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 X 32 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X CHRISTI HOLLOWAY CPACFO 6012665034 2907 WEST FOURTH STREET HATTIESBURG MS 39401 ABB PAYNE DIRECTOR 0.50 X 0 0 0 AL GORDY DIRECTOR 0.50 X 0 0 0 AUBREY COLLUM DIRECTOR 0.50 X 0 0 0 BILL MCGILLIS CEO 40.00 X X 0 347803 44195 BILLY HEWES DIRECTOR 0.50 X 0 0 0 DR CATHY SESSUMS DIRECTOR 0.50 X 0 0 0 DR EVAN DILLARD DIRECTOR 0.50 X 0 0 0 DR NANCY NEW DIRECTOR 0.50 X 0 0 0 DR WAYNE ADKISON DIRECTOR 0.50 X 0 0 0 GRANT DYESS PRESIDENT 0.50 X X 0 0 0 JEFF BOWER DIRECTOR 0.50 X 0 0 0 JIM WARREN TREASURER 0.50 X X 0 0 0 JOHN POLK DIRECTOR 0.50 X 0 0 0 KAMI WERT DIRECTOR 0.50 X 0 0 0 KRANDALL HOWELL DIRECTOR 0.50 X 0 0 0 LARRY DAVIS DIRECTOR 0.50 X 0 0 0 LEIGH BREAL VICE PRESIDENT/PRESIDENT ELECT 0.50 X X 0 0 0 LISA MCMAHON DIRECTOR 0.50 X 0 0 0 MACK GRUBBS DIRECTOR 0.50 X 0 0 0 MICKEY HUDSON DIRECTOR 0.50 X 0 0 0 MIKE ARRINGTON DIRECTOR 0.50 X 0 0 0 MIKE LANDRUM DIRECTOR 0.50 X 0 0 0 NICK WELCH DIRECTOR 0.50 X 0 0 0 RICHARD JOHNSTON DIRECTOR 0.50 X 0 0 0 ROBERT C DEWS DIRECTOR 0.50 X 0 0 0 RON SAVELL SECRETARY 0.50 X X 0 0 0 SPENCER ADAMS DIRECTOR 0.50 X 0 0 0 TODD MIXON DIRECTOR 0.50 X 0 0 0 TOM MILAM DIRECTOR 0.50 X 0 0 0 VIC ROBERTS DIRECTOR 0.50 X 0 0 0 WADE WALTERS DIRECTOR 0.50 X 0 0 0 WREN HOOD DIRECTOR 0.50 X 0 0 0 CHRISTI HOLLOWAY CFO 40.00 X 0 77472 18602 0 425275 62797 0 0 1 0 0 188319 6580396 21081 6768715 146286 146286 4501770 4475994 25776 25776 25776 0 188319 83951 -83951 -83951 6856826 25776 0 62335 3298382 3298382 1799450 1799450 16184 16184 35362 35362 52960 52960 36872 36872 133165 131311 1854 22776 22776 33624 33624 321403 321403 10091 10091 14526 3070 11456 REPAIRS & MAINT. 132134 132134 DONOR RELATIONS 91910 91910 BAD DEBT EXPENSE 65071 65071 TELEPHONE 57197 57197 153455 148121 5334 6274562 6229643 44919 0 1651256 2372955 340308 352102 3220542 4244785 375695 361259 56228 49625 504223 9102 498609 495121 6210773 6031898 12353411 13907745 217005 355352 2861555 2598952 4156586 5391702 345491 310888 7580637 8656894 X -4438759 -4029894 4424760 4423632 4786773 4857113 4772774 5250851 12353411 13907745 X 582264 -154354 50167 X X 0 1 X 1 0 X 6257153 8568857 5541942 5323297 6768715 32459964 6257153 8568857 5541942 5323297 6768715 32459964 2559466 29900498 140810 151687 160170 192382 146286 791335 33251299 0.89920 0.97550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5786769 70340 -3002 56056 91419 5706632 5729062 117085 105874 109593 55659 5786769 4982458 389633 500946 95983 47992 5729062 4478712 221147 368881 63920 3287 19075 4982458 4171249 314797 64383 52642 363 18712 4478712 0.85110 0.14890 0 0 439671 439671 64552 9102 55450 495121 INTEREST RATE SWAP 310888 310888 X 7521943 -154354 719956 99515 665117 6856826 0 6856826 7078469 719956 83951 803907 6274562 0 6274562 PART V, LINE 4: THE EARNINGS ARE USED TO PROVIDE ATHLETIC SCHOLARSHIPS. PART X, LINE 2: THE ATHLETIC FOUNDATION EVALUATES TAX POSITIONS TAKEN IN ACCORDANCE WITH ASC TOPIC 740, INCOME TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 15,564. FUNDRAISING EXPENSES INCLUDED IN INCOME 83,951. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES INCLUDED IN INCOME 83,951. BASEBALL GOLF FUNDRAISER 45925 45925 18244 MEN'S GOLF TEAM FUNDRAISER 41200 41200 22739 4 101194 101194 42968 188319 188319 83951 83951 -83951 1 UNIVERSITY OF SOUTHERN MISSISSIPPI 118 COLLEGE DRIVE HATTIESBURG MS 390460001 646000818 GOVT 3298382 AFFILIATE SUPPORT 1 0 SCHOLARSHIPS FOR STUDENT ATHLETES AT UNIVERSITY OF SOUTHERN MISSISSIPPI 280 1799450 PART I, LINE 2: GRANTS ARE GIVEN IN THE FORM OF ATHLETIC SCHOLARSHIPS AND FOR THE BENEFIT OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI AND ITS ATHLETES. X 1 1 X X 0 0 0 0 0 0 0 0 0 BILL MCGILLIS CEO 0 347803 0 0 0 0 0 37032 0 7163 0 391998 0 0 A MS BUSINESS FINANCE CORP 640679130 2009-12-18 4000000 PAY OFF AN EXISTING NOTE PAYBLE, USED TO UPGRADE ATHLETIC FACILITIES AT USM 0 0 0 A 4000000 3077718 80000 842282 2009 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 1 1 BANCORPSOUTH BANK 10.000000000000 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING, THE FORM 990 IS REVIEWED IN DETAIL BY THE CHIEF FINANCIAL OFFICER AND THE INDEPENDENT AUDITOR. IN ADDITION, A PRELIMINARY DRAFT OF THE FORM 990 IS PROVIDED TO THE PRESIDENT AND VICE PRESIDENT OF THE BOARD OF DIRECTORS AND EACH MEMBER OF THE FINANCE COMITTEE FOR HIS, OR HER, DETAILED REVIEW. BEFORE FILING, A DRAFT OF THE 990 IS ALSO PROVIDED TO EACH EXECUTIVE COMMITTEE MEMBER OF THE BOARD OF DIRECTORS FOR HIS, OR HER REVIEW. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, EACH DIRECTOR AND OFFICER IS PROVIDED A COPY OF THE CONFLICT OF INTEREST POLICY. THEY ARE ASKED TO REVIEW THE POLICY IN DETAIL. EACH DIRECTOR AND OFFICER MUST ACKNOWLEDGE THEIR UNDERSTANDING OF AND COMPLIANCE WITH THE POLICY BY SIGNING A STATEMENT WHICH STATES THIS. FORM 990, PART VI, SECTION B, LINE 15 THE INSTITUTE FOR HIGHER LEARNING (IHL) REVIEWS AND APPROVES THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER (CEO). THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AND THE CEO REVIEW AND APPROVE THE COMPENSATION OF THE CHIEF FINANCIAL OFFICER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND POLICIES, FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE ON-LINE AT WWW.SOUTHERNMISS.COM. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 15,564. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 34,603. FORM 990, PART XII, LINE 2C THE INDEPENDENT ACCOUNTANT SELECTION AND MONITORING PROCESS HAS NOT CHANGED FROM PRIOR YEAR. UNIVERSITY OF SOUTHERN MISSISSIPPI 118 COLLEGE DRIVE HATTIESBURG MS 394060001 646000818 PUBLIC UNIVERSITY MS 501(C)(3) 170(B)(1)(A) (IV) N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1