2016-04-14T11:17:28-05:00 2015-06-30 381357951 PLANTE & MORAN PLLC 65 EAST STATE ST STE 600 COLUMBUS OH 43215 990 2014-07-01 346576610 YOUNGSTOWN STATE UNIVERSITY FOUNDATION YOUN 3309413211 655 WICK AVENUE YOUNGSTOWN OH 44502 PAUL MCFADDEN PRESIDENT 3309413211 2016-04-06 1 BERNIE OSTROWSKI P00366367 6148493000 2014 2016-08-17 19:52:53Z X PAUL MCFADDEN 655 WICK AVENUE YOUNGSTOWN OH 44502 33832988 0 X YSUFOUNDATION.ORG X 1966 OH TO SUPPORT YOUNGSTOWN STATE UNIVERSITY BY PROVIDING SCHOLARSHIPS AND PROGRAMATIC SUPPORT TO STUDENTS AND VARIOUS DEPARTMENTS. 42 42 13 42 0 -472 3331947 8082371 0 0 7642610 5770484 0 0 10974557 13852855 8594900 10324044 0 0 480439 619599 0 0 257926 1400579 1617182 10475918 12560825 498639 1292030 234748147 229118990 7406580 11719801 227341567 217399189 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 10326044 10324044 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 FACULTY.THE COMPETITION FOR STUDENTS IN HIGHER EDUCATION HAS NEVER BEEN GREATER. THE YSU FOUNDATION, PROVIDING OVER $7 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 $760,000 IN GIFTS, HELPING YSU INCREASE THE DIVERSITY OF ITS STUDENT BODY. THE STUDENT INVESTMENT FUND, WITH $600,000 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. 10326044 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 0 0 13 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 0 1 0 0 X PAUL MCFADDEN 3309413211 606 WICK AVENUE YOUNGSTOWN OH 44502 GARRY L MROZEK CHAIR/TRUSTEE 1.00 X X 0 0 0 JOCELYNE KOLLAY LINSALATA VICE CHAIR/TRUSTEE 1.00 X X 0 0 0 JOHN L POGUE SECRETARY/TRUSTEE 1.00 X X 0 0 0 PAUL J WILLIAMS TREASURER/TRUSTEE 1.00 X X 0 0 0 PETER J ASIMAKOPOULOS TRUSTEE 1.00 X 0 0 0 EUGENIA C ATKINSON TRUSTEE 1.00 X 0 0 0 A GARY BITONTE TRUSTEE 1.00 X 0 0 0 SUSAN BRINEY TRUSTEE 1.00 X 0 0 0 RAYMOND J BRIYA TRUSTEE 1.00 X 0 0 0 LEE BURDMAN TRUSTEE 1.00 X 0 0 0 ANTHONY M CAFARO SR TRUSTEE 1.00 X 0 0 0 THOMAS J CAVALIER TRUSTEE 1.00 X 0 0 0 Y T CHIU JR TRUSTEE 1.00 X 0 0 0 DOMENIC L CONSTANTINI TRUSTEE 1.00 X 0 0 0 ALAN W COPE TRUSTEE 1.00 X 0 0 0 MILLICENT S COUNTS TRUSTEE 1.00 X 0 0 0 REX A FERRY TRUSTEE 1.00 X 0 0 0 ALFRED J FLEMING TRUSTEE 1.00 X 0 0 0 THOMAS J FLEMING TRUSTEE 1.00 X 0 0 0 JAMES GELLER TRUSTEE 1.00 X 0 0 0 STEPHEN J GURGOVITS TRUSTEE 1.00 X 0 0 0 FRANK HIERRO TRUSTEE 1.00 X 0 0 0 NATHANIEL R JONES TRUSTEE 1.00 X 0 0 0 BENJAMIN KECK TRUSTEE 1.00 X 0 0 0 ED MURANSKY TRUSTEE 1.00 X 0 0 0 JUDE NOHRA TRUSTEE 1.00 X 0 0 0 CARL A NUNZIATO TRUSTEE 1.00 X 0 0 0 ROBERT A O'LEARY TRUSTEE 1.00 X 0 0 0 ANTHONY PAYIAVLAS TRUSTEE 1.00 X 0 0 0 WILLIAM POOLE TRUSTEE 1.00 X 0 0 0 WILLIAM A RUSSELL TRUSTEE 1.00 X 0 0 0 MARY PAT SALOMONE TRUSTEE 1.00 X 0 0 0 RICHARD J SCHIRALDI TRUSTEE 1.00 X 0 0 0 THEODORE SCHMIDT TRUSTEE 1.00 X 0 0 0 C REID SCHMUTZ TRUSTEE 1.00 X 0 0 0 JAMES H SISEK TRUSTEE 1.00 X 0 0 0 CLARENCE R SMITH JR TRUSTEE 1.00 X 0 0 0 DOUG SWEENEY TRUSTEE 1.00 X 0 0 0 RICHARD B THOMPSON TRUSTEE 1.00 X 0 0 0 FRANK C WATSON TRUSTEE 1.00 X 0 0 0 STUART WISE TRUSTEE 1.00 X 0 0 0 ANDREW WELLER TRUSTEE 1.00 X 0 0 0 PAUL MCFADDEN PRESIDENT 40.00 X 151667 0 36507 151667 0 36507 1 0 1 0 0 8082371 179917 8082371 2892079 2892079 22858538 19980133 2878405 2878405 2878405 13852855 0 0 5770484 10324044 10324044 190674 76270 114404 317068 229179 87889 34320 2000 23465 8855 42584 35190 7394 34953 25274 9679 55022 55022 36700 36700 1100579 1100579 94188 94188 165 165 27575 27575 11872 11872 17833 17833 5300 5300 9441 9441 PROGRAM MATERIALS 81293 81293 PLEDGE DISCOUNT 56449 56449 HEALTH INSURANCE 40333 40333 RECORD KEEPING 32601 32601 47831 47831 12560825 10326044 1976855 257926 25 25 8746564 4341898 2077951 0 3977 20098 42767 20423 15287 22344 225208524 222215013 773770 441661 234748147 229118990 12276 522776 7394304 7722375 0 3474650 7406580 11719801 X 164650540 152937194 1981323 6799238 60709704 57662757 227341567 217399189 234748147 229118990 X 1292030 -7790484 -3216099 -227825 X X 0 1 X 1 0 X 2109463 2352041 2333460 3331947 8082371 18209282 2109463 2352041 2333460 3331947 8082371 18209282 18209282 5773782 5884496 6009868 2848423 2892079 23408648 41617930 0.43750 0.31620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 224094887 4049680 -2563843 9626572 215954152 203009376 3591050 26083985 8589524 224094887 184759583 2227881 24500250 8478338 203009376 180099982 1806560 8760700 5907659 184759583 148598282 1722670 35893150 6114120 180099982 0.71880 0.26160 0.01960 0 0 42767 20423 22344 22344 5836714 -7790484 2168 -227825 -8016141 13852855 0 13852855 12562993 2168 2168 12560825 0 12560825 PART IV, LINE 2B: THE FOUNDATION HAS ENTERED INTO VARIOUS AGREEMENTS TO SERVE AS THE CUSTODIAN FOR OTHER NON-PROFIT ORGANIZATIONS INVOLVED IN EDUCATIONAL AND CHARITABLE PURPOSES. AS CUSTODIAN, THE FOUNDATION RECEIVES DONATIONS ON BEHALF OF THE OTHER ORGANIZATIONS TO INVEST AND DISBURSE. THE FOUNDATION HAS NO DISCRETION ON THE USE OF THE FUNDS, WHICH ARE SEGREGATED FROM THE FOUNDATION'S INVESTMENT PORTFOLIO AND INVESTED IN ACCORDANCE WITH THE DIRECTION OF THE MEMBER ORGANIZATIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST IN REMAINDER TRUSTS 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 YOUNGSTOWN STATE UNIVERSITY, ITS STUDENTS, AND RELATED ACTIVITIES AND PROGRAMS. CENTRAL AMERICA AND THE CARRIBEAN 0 0 INVESTMENTS 19584028 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 366729 MIDDLE EAST AND NORTH AFRICA 0 0 INVESTMENTS 10884 0 0 0 0 0 0 19961641 0 19961641 1 0 0 0 0 0 PART IV, LINE 3: ALL INVESTMENTS ARE MEASURED UNDER THE FAIR VALUE ACCOUNTING METHOD. 0 YOUNGSTOWN STATE UNIVERSITY ONE UNIVERSITY PLAZA YOUNGSTOWN OH 44555 341011998 170(B)(I)(A)(II) 10324044 TO EXCLUSIVELY SUPPORT YOUNGSTOWN STATE UNIVERSITY. 1 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 151667 0 0 0 0 0 15000 0 21507 0 188174 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 10 183718 MARKET QUOTATIONS X SUPPLIES 1 535 ACTUAL COST 0 0 0 PART I, COLUMN (B): YOUNGSTOWN STATE UNIVERSITY FOUNDATION IS REPORTING SCHEDULE M USING THE NUMBER OF CONTRIBUTIONS RECEIVED FOR EACH LINE ITEM. FORM 990, PART VI, SECTION B, LINE 11 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 2015. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART VI, SECTION B, LINE 14 THE ORGANIZATION HAS A WRITTEN DOCUMENT RETENTION POLICY BUT DOES NOT CURRENTLY HAVE A WRITTEN DOCUMENT DESTRUCTION POLICY. HOWEVER, THE ORGANIZATION IS PLANNING ON DEVELOPING ONE IN THE FUTURE. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN REMAINDER TRUSTS -227,825.