2016-01-29T12:29:45-06:00 2015-06-30 201941244 HORNE LLP 1020 HIGHLAND COLONY PKWY STE 400 RIDGELAND MS 39157 990 2014-07-01 640929171 UNIVERSITY OF SOUTHERN MISSISSIPPI ATHLETIC FOUNDATION UNIV 6012665017 118 COLLEGE DRIVE 5017 HATTIESBURG MS 39406 CHRISTI HOLLOWAY CFO 6012665017 2016-01-28 1 AMY WILSON SMITH CPA P01612501 6013261000 2016-01-28 2014 2016-04-25 22:37:26Z CHRISTI HOLLOWAY 118 COLLEGE DRIVE 5017 HATTIESBURG MS 39406 8754528 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 5541942 5323297 0 0 353303 409700 -69400 -92618 5825845 5640379 3625883 4559909 0 0 0 0 0 0 0 1473439 1228659 5099322 5788568 726523 -148189 13417657 12353411 8324690 7580637 5092967 4772774 THE MISSION OF THE ATHLETIC FOUNDATION IS TO PROVIDE FINANCIAL SUPPORT TO THE UNIVERSITY OF SOUTHERN MISSISSIPPI ATHLETIC PROGRAM. 0 0 5743094 4559909 217318 ACTIVITIES SPONSORED BY THE ATHLETIC FOUNDATION TO BENEFIT THE ATHLETIC PROGRAM AND THE STUDENT ATHLETES. 5743094 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 MACK GRUBBS PRESIDENT 0.50 X X 0 0 0 GRANT DYESS VICE PRESIDENT/PRESIDENT ELECT 0.50 X X 0 0 0 LEIGH BREAL SECRETARY 0.50 X X 0 0 0 RON SAVELL TREASURER 0.50 X X 0 0 0 BILL MCGILLIS CEO 40.00 X X 0 318078 46502 AL GORDY DIRECTOR 0.50 X 0 0 0 JEFF BOWER DIRECTOR 0.50 X 0 0 0 PAIGE HOWELL DIRECTOR 0.50 X 0 0 0 DR CATHY SESSUMS DIRECTOR 0.50 X 0 0 0 CLARENCE WEATHERSPOON DIRECTOR 0.50 X 0 0 0 BILLY HEWES DIRECTOR 0.50 X 0 0 0 MISSY MCGEE DIRECTOR 0.50 X 0 0 0 JIM WARREN DIRECTOR 0.50 X 0 0 0 LARRY DAVIS DIRECTOR 0.50 X 0 0 0 MIKE ARRINGTON DIRECTOR 0.50 X 0 0 0 TODD MIXON DIRECTOR 0.50 X 0 0 0 JOHN POLK DIRECTOR 0.50 X 0 0 0 DR NANCY NEW DIRECTOR 0.50 X 0 0 0 WREN HOOD DIRECTOR 0.50 X 0 0 0 RICKEY JONES DIRECTOR 0.50 X 0 0 0 ABB PAYNE DIRECTOR 0.50 X 0 0 0 TOM MILAM DIRECTOR 0.50 X 0 0 0 RICHARD JOHNSTON DIRECTOR 0.50 X 0 0 0 KRANDALL HOWELL DIRECTOR 0.50 X 0 0 0 ROBERT C DEWS DIRECTOR 0.50 X 0 0 0 MICKEY HUDSON DIRECTOR 0.50 X 0 0 0 AUBREY COLLUM DIRECTOR 0.50 X 0 0 0 MIKE LANDRUM DIRECTOR 0.50 X 0 0 0 DR WAYNE ADKISON DIRECTOR 0.50 X 0 0 0 NICK WELCH DIRECTOR 0.50 X 0 0 0 VIC ROBERTS DIRECTOR 0.50 X 0 0 0 SPENCER ADAMS DIRECTOR 0.50 X 0 0 0 CHRISTI HOLLOWAY CFO 40.00 X 0 75284 18427 0 393362 64929 0 0 1 0 0 183276 5140021 23415 5323297 192382 192382 3238849 3021531 217318 217318 217318 0 183276 92618 -92618 -92618 5640379 217318 0 99764 2785262 2785262 1774647 1774647 14115 14115 34677 34677 146935 146935 44740 44740 101557 99524 2033 4098 4098 28025 28025 385393 385393 12218 12218 16460 5169 11291 BAD DEBT EXPENSE 90027 90027 DONOR RELATIONS 76552 76552 TELEPHONE 60006 60006 MEALS & ENTERTAINMENT 54832 54799 33 159024 153240 5784 5788568 5743094 45474 0 1957893 1651256 366706 340308 3705804 3220542 397645 375695 62832 56228 504223 5614 0 498609 6422554 6210773 504223 0 13417657 12353411 228907 217005 3112327 2861555 4567652 4156586 415804 345491 8324690 7580637 X -4905330 -4438759 5328609 4424760 4669688 4786773 5092967 4772774 13417657 12353411 X -148189 -250366 78362 X X 0 1 X 1 0 X 6109923 6257153 8568857 5541942 5323297 31801172 6109923 6257153 8568857 5541942 5323297 31801172 31801172 152782 140810 151687 160170 192382 797831 32599003 0.97550 0.97590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5729062 117085 105874 109593 0 55659 5786769 4982458 389633 500946 95983 47992 5729062 4478712 221147 368881 63920 3287 19075 4982458 4171249 314797 64383 52642 363 18712 4478712 3740015 55588 464175 51367 18980 18182 4171249 0.82720 0.17280 0 0 439671 439671 64552 5614 58938 498609 INTEREST RATE SWAP 345491 345491 X 6147112 -250366 656431 100668 506733 5640379 0 5640379 6537617 656431 92618 749049 5788568 0 5788568 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 8,050. FUNDRAISING EXPENSES INCLUDED IN INCOME 92,618. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES INCLUDED IN INCOME 92,618. BASEBALL GOLF FUNDRAISER 38005 38005 14049 MEN'S GOLF TEAM FUNDRAISER 34900 34900 17485 5 110371 110371 61084 183276 183276 92618 92618 -92618 1 UNIVERSITY OF SOUTHERN MISSISSIPPI 118 COLLEGE DRIVE HATTIESBURG MS 390460001 646000818 GOVT 2785262 AFFILIATE SUPPORT 1 0 SCHOLARSHIPS FOR STUDENT ATHLETES AT UNIVERSITY OF SOUTHERN MISSISSIPPI 280 1774647 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 318003 0 0 0 75 0 39339 0 7163 0 364580 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 8,050. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 70,312. 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