2016-05-12T15:02:25-05:00 2015-06-30 560574444 Cherry Bekaert LLP 1111 Metropolitan Avenue Suite 1000 Charlotte NC 28204 990 2014-07-01 590879015 University of South Florida Foundation UNIV 8139741801 4202 EAST FOWLER AVENUE TAMPA FL 33620 Robert Fischman CFO 2016-05-12 true P00358837 7043771678 2014 2016-08-17 19:52:53Z JOEL MOMBERG 4202 EAST FOWLER AVENUE TAMPA FL 33620 307591223 false X HTTP://GIVING.USF.EDU/ X 1960 FL TO ACCEPT, INVEST AND DISTRIBUTE PRIVATE GIFTS IN SUPPORT OF THE UNIVERSITY OF SOUTH FLORIDA. 51 43 0 474 -60679 -71497 27698697 50256633 1901303 2023489 28424516 26621637 3864935 13253635 61889451 92155394 53238035 46815987 0 0 1070967 1065569 441963 305512 9569218 16726587 20127649 71477552 68314717 -9588101 23840677 573295468 593860172 32580910 38623025 540714558 555237147 THE FOUNDATION SERVES AS THE OFFICIAL LEGAL CONDUIT FOR THE ACCEPTANCE, INVESTMENT, AND DISTRIBUTION OF PRIVATE GIFTS IN SUPPORT OF THE ACTIVITIES AND PROGRAMS OF THE UNIVERSITY OF SOUTH FLORIDA WHICH INCLUDES THE COLLEGES, CAMPUSES, HEALTH, ATHLETICS, AND OTHER APPROPRIATE UNIVERSITY-RELATED UNITS. SUPPORT IS GIVEN TO USF BY PROVIDING FUNDING FOR THE ENDOWED CHAIRS, GRANTS AND STUDENT SCHOLARSHIPS AMONG OTHER ACTIVITIES. false false 49182109 46815987 14938326 THE FOUNDATION SERVES AS THE OFFICIAL LEGAL CONDUIT FOR THE ACCEPTANCE, INVESTMENT, AND DISTRIBUTION OF PRIVATE GIFTS IN SUPPORT OF THE ACTIVITIES AND PROGRAMS OF THE UNIVERSITY OF SOUTH FLORIDA WHICH INCLUDES THE COLLEGES, CAMPUSES, HEALTH, ATHLETICS, AND OTHER APPROPRIATE UNIVERSITY-RELATED UNITS. SUPPORT IS GIVEN TO USF BY PROVIDING FUNDING FOR THE ENDOWED CHAIRS, GRANTS AND STUDENT SCHOLARSHIPS AMONG OTHER ACTIVITIES. 49182109 true true false true false false false true false true true true false false true true true false false true true true true true true false false true false true false false false false false false false true true true false false false true false false false true 226 0 true 0 true true false false false false true true false false false false X 51 43 false false true false true false false true true false false true true true true true true true true false AK CA CO HI LA ME MD MA MI MN NH NJ NY OH OK OR SC UT WA WV WI X X Robert Fischman 8139741801 4202 E Fowler Ave ALC 100 Tampa FL 33620 LINDA O SIMMONS CHAIRMAN 5.00 X X 0 0 0 JOE P TEAGUE VICE CHAIRMAN 5.00 X X 0 0 0 RAY E NEWTON TREASURER 5.00 X X 0 0 0 OSCAR J HORTON ASSISTANT TREASURER 5.00 X X 0 0 0 MARK FERNANDEZ SECRETARY 5.00 X X 0 0 0 JOEL MOMBERG SR. VP, UNIV ADV & CEO USFF 40.00 X X 0 903474 37150 DON A ARIPOLI BOARD MEMBER 1.00 X 0 0 0 PETER BARONOFF BOARD MEMBER 1.00 X 0 0 0 REBECCA BAST BOARD MEMBER 1.00 X 0 0 0 FRANKLIN N BIGGINS BOARD MEMBER 1.00 X 0 0 0 ALAN C BOMSTEIN BOARD MEMBER 1.00 X 0 0 0 ANGELA M BREWER BOARD MEMBER 1.00 X 0 0 0 ALLEN BRINKMAN BOARD MEMBER 1.00 X 0 0 0 DARRYL M BURMAN BOARD MEMBER 1.00 X 0 0 0 SHAUKAT H CHOWDHARI BOARD MEMBER 1.00 X 0 0 0 CORNELIA G CORBETT BOARD MEMBER 1.00 X 0 0 0 GENE ENGLE BOARD MEMBER 1.00 X 0 0 0 TJ COUCH BOARD MEMBER 1.00 X 0 0 0 JEFFREY D FISHMAN BOARD MEMBER 1.00 X 0 0 0 JUDY L GENSHAFT PRESIDENT, USF 5.00 35.00 X 0 536830 34529 GORDON L GILLETTE BOARD MEMBER 1.00 X 0 0 0 HERBERT GIMELSTOB BOARD MEMBER 1.00 X 0 0 0 RICHARD GONZMART BOARD MEMBER 1.00 X 0 0 0 JOHN C GREER BOARD MEMBER 1.00 X 0 0 0 MICHEAL GRIFFIN BOARD MEMBER 1.00 X 0 0 0 STEVE GRIGGS BOARD MEMBER 1.00 X 0 0 0 PAM IORIO BOARD MEMBER 1.00 X 0 0 0 ANTHONY JAMES BOARD MEMBER 1.00 X 0 0 0 STEPHANIE HOLMQUIST-JOHNSON BOARD MEMBER 1.00 X 0 0 0 TINA P JOHNSON BOARD MEMBER 1.00 X 0 0 0 BRIAN P KEENAN BOARD MEMBER 1.00 X 0 0 0 TOD LEIWEKE BOARD MEMBER 1.00 X 0 0 0 ANN LIGUORI BOARD MEMBER 1.00 X 0 0 0 JOHN LONG COO & SVP USF 5.00 35.00 X 0 280886 14836 LINDA D MARCELLI BOARD MEMBER 1.00 X 0 0 0 ROBERT MCCANN BOARD MEMBER 1.00 X 0 0 0 GEORGE MORGAN BOARD MEMBER 1.00 X 0 0 0 LESLIE M MUMA BOARD MEMBER 1.00 X 0 0 0 BETTY OTTER-NICKERSON BOARD MEMBER 1.00 X 0 0 0 CAROLE F PHILIPSON BOARD MEMBER 1.00 X 0 0 0 VALERIE RIDDLE BOARD MEMBER 1.00 X 0 0 0 FRANK J RIEF III BOARD MEMBER 1.00 X 0 0 0 PAUL R SANBERG VP RESEARCH & INNOVATION 5.00 35.00 X 279 441248 24578 NANCY M SCHNEID BOARD MEMBER 1.00 X 0 0 0 GEOFFREY A SIMON BOARD MEMBER 1.00 X 0 0 0 JOHN T SINNOTT ASSOC DEAN, COLLEGE MEDICINE 5.00 35.00 X 389850 206742 29849 RICHARD SMITH BOARD MEMBER 1.00 X 0 0 0 DAVID TOUCHTON BOARD MEMBER 1.00 X 0 0 0 CHARLES F TOUCHTON BOARD MEMBER 1.00 X 0 0 0 JOSE VALIENTE BOARD MEMBER 1.00 X 0 0 0 RALPH C WILCOX EXEC VP & PROVOST, USF 5.00 35.00 X 0 395352 35257 ROBERT FISCHMAN ASSOC VP, BUS & FIN, USFF CFO 40.00 X 0 189706 29477 NOREEN E SEGREST VP, COO & USFF COUNSEL 40.00 X 0 226264 33542 STEVEN BLAIR VP DEVELOPMENT 40.00 X 1345 248733 34905 VICKI MITCHELL SR. DIRECTOR, USFF 40.00 X 0 161309 25264 JULIE GILLESPIE AVP GIFTS, USFF 40.00 X 0 139440 24568 KIMBERLY CONSTANTINE ASSOCIATE VP OF USF HEALTH 40.00 X 0 133901 24365 LIZ SISMILICH SR DIRECTOR OF DEVELOPMENT 40.00 X 0 123157 24338 KELLY RITRIEVI SR DIRECTOR GIFT PLAN, USFF 40.00 X 0 122200 16152 391474 4109242 388810 0 false true false National Public Radio Inc 1111 N Capitol Street NE Washington DC 200027502 Programming Services 1145192 Huron Consulting Services LLC 550 W Van Buren Street Chicago IL 606073827 Consulting Services 367880 Corcoran & Associates Inc 7746 Still Lakes Drive Odessa FL 335562260 Consulting Services 291483 Grizzly Creek Films LLC 416 N Ida Avenue Bozeman MT 597153016 Media Services 268961 Public Radio International 401 Second Ave North Suite 500 Minneapolis MN 55401 Programming Services 260273 12 X 940702 49315931 2319601 50256633 PUBLIC BROADCASTING SPONSORSHIPS 515111 1765581 1765581 RENTAL INCOME 531110 86155 58339 27816 MEMBERSHIP DUES 813410 46289 46289 Lease Income 531110 125464 125464 0 0 0 0 2023489 8836549 -88495 8925044 0 0 232569998 214784910 17785088 0 17785088 17785088 961901 940702 650919 310982 310982 RELATED ORGANIZATION SUPPORT 900099 3183269 3183269 ATHLETIC 80/20 REVENUE 713990 284671 284671 DONATED PROFESSIONAL SERVICES 900099 9158180 9158180 316533 316533 0 0 12942653 92155394 14938326 -60679 27021114 46680033 46680033 135954 135954 1065569 58092 474522 532955 24649 24649 75200 75200 386222 386222 305512 305512 2994582 2994582 308636 0 228535 80101 567041 232136 334905 516225 180373 335852 47065 47065 21102 21102 EMPLOYEE LEASING EXPENSE 10995082 4413689 6581393 BAD DEBT EXPENSE 2259865 2259865 COMMUNITY RELATIONS 630273 630273 INVESTMENT EXPENSES 28660 28660 1273047 27063 524822 721162 68314717 49182109 9563390 9569218 471291 866351 38102797 47040171 663830 529195 0 0 0 8017336 733619 1157343 7283717 450799830 454853082 77296012 78158467 0 4804365 5129189 573295468 593860172 3337352 2620599 1907119 2327313 0 6143420 27336439 27531693 32580910 38623025 X 9462510 9553317 204147100 205341067 327104948 340342763 540714558 555237147 573295468 593860172 23840677 -9318088 0 X false true X true false X 37554040 26915929 36564034 27698697 50256633 178989333 300000 300000 300000 300000 300000 1500000 37854040 27215929 36864034 27998697 50556633 180489333 8014119 172475214 11818429 9823960 9891966 8691929 8836549 49062833 99526 0 0 0 0 99526 5743528 5401208 5085615 4406759 13904554 34541664 264193356 7335334 0.6528 0.4848 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - FUNDRAISING REVENUE, COLUMN A - 801130.0, COLUMN B - 829847.0, COLUMN C - 816494.0, COLUMN D - 749460.0, COLUMN E - 961901.0, COLUMN F - 4158832.0; DESCRIPTION - RELATED ORGANIZATION SUPPORT, COLUMN A - 3377663.0, COLUMN B - 3683268.0, COLUMN C - 3683269.0, COLUMN D - 3183269.0, COLUMN E - 12341449.0, COLUMN F - 26268918.0; DESCRIPTION - ATHLETICS 80/20, COLUMN A - 343125.0, COLUMN B - 358004.0, COLUMN C - 308437.0, COLUMN D - 250967.0, COLUMN E - 284671.0, COLUMN F - 1545204.0; DESCRIPTION - OTHER REVENUE, COLUMN A - 1221610.0, COLUMN B - 530089.0, COLUMN C - 277415.0, COLUMN D - 223063.0, COLUMN E - 316533.0, COLUMN F - 2568710.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 386222 false false 386222 false Schedule C, Part II-B, Line 1g DESCRIPTION OF THE ACTIVITIES REPORTED ON LINES 1A THROUGH 1I $2,740 WAS EXPENDED IN GENERAL SUPPORT OF THE UNIVERSITY OF SOUTH FLORIDA OFFICE OF GOVERNMENT RELATIONS DURING THE 2014-2015 FLORIDA STATE LEGISLATIVE SESSION. A FEE OF $383,482 INCLUDING EXPENSES WAS PAID TO MANAGEMENT CONSULTANT FIRMS. ALL MONIES WERE EXPENDED TO SUPPORT THE INTERESTS OF THE UNIVERSITY OF SOUTH FLORIDA; NO MONIES WERE PAID IN SUPPORT OF OR IN OPPOSITION TO ANY CANDIDATE FOR POLITICAL OFFICE. 177536 3292409 0 0 X X X X false 449776559 7307818 13627096 15825336 865115 7412615 446608407 391672650 4465829 75721388 14629220 660448 6793640 449776559 357302326 9292525 48198002 14995947 1089647 7034609 391672650 371063605 8774042 34004 15321160 7248165 357302326 313232785 8439335 72955589 15325783 1069321 7169000 371063605 0.0569 0.9431 0.0 true false 6831589 388825 7220414 633036 569733 63303 151852 151852 0 12034 12034 0 7283717 COMMONFUND CAPITAL, INC. 14102096 F FLAG CAPITAL MANAGEMENT, LLC 7584178 F OAKTREE CAPITAL MGMT., LLC 19156067 F METROPOLITAN REAL EST MGMT LLC 4137491 F ADAMS STREET PARTNERS, LLC 28293620 F Golub Capital 3750000 F TCW Trust 1135015 F 78158467 AMOUNTS DUE TO THIRD PARTY BNF 26739791 ANNUITIES AND LIFE INCME TRSTS 791902 27531693 X 79814064 -9318088 0 -9318088 89132152 3023242 0 3023242 92155394 65291475 0 0 65291475 3023242 0 3023242 68314717 Schedule D, Part III, Line 4 Collections of art - description of collections IT IS THE CONCERTED MISSION OF THE UNIVERSITY OF SOUTH FLORIDA CONTEMPORARY ART MUSEUM TO ACHIEVE A BOLD, CREATIVE ENVIRONMENT FOR THE ENRICHMENT AND INTELLECTUAL GROWTH OF STUDENTS, FACULTY OF THE UNIVERSITY (ON THE TAMPA AND REGIONAL CAMPUSES), THE TAMPA BAY COMMUNITY AND BEYOND. THE CONTEMPORARY ART MUSEUM PROVIDES OPPORTUNITIES FOR INNOVATIVE AND EXPERIMENTAL TEACHING AND RESEARCH. THE CONTEMPORARY ART MUSEUM WILL EXPAND, HOUSE, MANAGE, PRESERVE, CONSERVE, AND EXHIBIT THE UNIVERSITY'S ART COLLECTIONS. THE CONTEMPORARY ART MUSEUM INITIATES AND DEVELOPS INTERDISCIPLINARY PROGRAMS IN KEEPING WITH ITS MISSION. THE CONTEMPORARY ART MUSEUM PROVIDES THE LEADERSHIP FOR PUBLIC ART PROJECTS AND MAJOR ACQUISITIONS OF ART ON THE USF CAMPUSES AND CATALOGUES, MANAGES, AND OVERSEES THEIR CARE AND PRESERVATION. THE USF CONTEMPORARY ART MUSEUM MAINTAINS AND MANAGES A PERMANENT COLLECTION OF CONTEMPORARY ART. AS THE LEGAL CONDUIT FOR THE RAISING, ACCEPTANCE, INVESTMENT AND DISTRIBUTION OF ALL PRIVATE GIFTS MADE TO THE UNIVERSITY OF SOUTH FLORIDA, DONATIONS OF WORKS TO THE CONTEMPORARY ART MUSEUM PERMANENT COLLECTION ARE THE FIDUCIARY RESPONSIBILITY OF THE UNIVERSITY OF SOUTH FLORIDA FOUNDATION. Schedule D, Part V, Line 4 Intended uses of endowment funds THE FOUNDATION ENDOWMENT CONSISTS OF APPROXIMATELY 1100 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES IN SUPPORT OF THE MISSION OF THE UNIVERSITY OF SOUTH FLORIDA INCLUDING: SCHOLARSHIPS, FELLOWSHIPS, ENDOWED CHAIRS, PROFESSORSHIPS, FACILITY IMPROVEMENT AND EQUIPMENT, RESEARCH, ETC. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS HELD ON BEHALF OF THE UNIVERSITY'S DIRECT SUPPORT ORGANIZATIONS (DSO) TO FUNCTION AS ENDOWMENTS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE FOUNDATION CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME OF THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED IN PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE ORGANIZATION IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY THE FLORIDA UNIFORM MANAGEMENT OF INSTITUTIONAL FUNDS ACT. THE FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN PURCHASING POWER OF THE ENDOWMENT ASSETS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE FOUNDATION HAS BEEN GRANTED TAX-EXEMPT STATUS UNDER SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. INCOME EARNED IN FURTHERANCE OF THE FOUNDATION'S TAX-EXEMPT PURPOSES IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE FOUNDATION ADOPTED THE PROVISIONS OF THE ACCOUNTING STANDARDS CODIFICATION NO. 740-10-25 (ASC 750-10-25), ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, EFFECTIVE JULY 1, 2007. ASC 740-10-25 CLARIFIES THE ACCOUNTING FOR INCOME TAXES BY PRESCRIBING THE MINIMUM RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. ASC 740-10-25 PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. THE FOUNDATION DETERMINED THAT DURING THE YEARS ENDED JUNE 30, 2015 AND 2014, THE IMPACT OF ASC 740-10-25 DID NOT HAVE A MATERIAL EFFECT ON ITS FINANCIAL POSITION, ACTIVITIES, OR CASH FLOWS. true Central America and the Caribbean 0 0 Program Services SEE SCH F, PART V 900 East Asia and the Pacific 0 0 Program Services SEE SCH F, PART V 13474 Europe (Including Iceland and Greenland) 0 1 Program Services SEE SCH F, PART V 49363 Middle East and North Africa 0 0 Program Services SEE SCH F, PART V 1071 South Asia 0 1 Program Services SEE SCH F, PART V 112337 Sub-Saharan Africa 0 0 Program Services SEE SCH F, PART V 2624 0 2 0 0 0 2 179769 0 179769 South Asia SEE SCH F, PART V 111066 WIRETRANSFER 0 0 1 SEE SCHEDULE F, PART V Europe (Including Iceland and Greenland) 1 24888 WIRETRANSFER true false true true true false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds FOUNDATION FOREIGN PROGRAM EXPENSES CONSISTED OF TWO TYPES. THE FIRST IS TRAVEL EXPENSES INCURRED BY UNIVERSITY EMPLOYEES FOR PROGRAM SERVICE ACTIVITIES CONDUCTED OUTSIDE OF THE UNITED STATES. THE FOUNDATION'S PROCESS FOR MONITORING THESE EXPENSES INCLUDES CODING THESE TYPES OF EXPENSES APPROPRIATELY THROUGH THE NORMAL CHECK DISBURSEMENT PROCESS. THE SECOND RELATES TO THE USF BRIT PROGRAM. THE FOUNDATION MAINTAINS A CONTRACT WITH A UK CITIZEN LIVING OUTSIDE OF THE US TO FUNCTION AS THE LONDON ADMINISTRATOR OF THE UNIVERSITY OF SOUTH FLORIDA BRITISH INTERNATIONAL THEATRE (BRIT) PROGRAM. THE ADMINISTRATOR IS PAID A FEE FOR IDENTIFYING AND ENGAGING ARTISTS FOR THE PROGRAM. TO EXPEDITE THE PROCESS OF CONTRACTING GUEST ARTISTS FROM THE UNITED KINGDOM, THE FOUNDATION ALSO PROVIDES ADVANCED FUNDING TO THE ADMINISTRATOR. THE FOUNDATION RECEIVES A FINANCIAL REPORT WITH SUPPORTING DOCUMENTATION (RECEIPTS) FOR ALL EXPENDITURES WITHIN NINETY (90) DAYS OF THE CONCLUSION OF THE BRIT PROGRAM ANNUAL EVENT. ANY DIFFERENCE WILL BE RETURNED TO THE FOUNDATION OR PAID TO THE ADMINISTRATOR AS APPROPRIATE. Schedule F, Part I, Line 3 DESCRIPTION OF PROGRAM SERVICES, LINE 7E AND PART II (D) SANNAM S4 DELIVERS CONSULTING SERVICES TO SUPPORT USF IN ACHIEVING ITS INTERNATIONAL OUTREACH WITH A PARTICULAR FOCUS ON BRAND BUILDING, IDENTIFICATION OF STRATEGIC PARTNERS FOR RESEARCH, TEACHING, COLLABORATIONS AND STUDENT EXCHANGE IN INDIA. Schedule F, Part I, Line 3 DESCRIPTION OF PROGRAM SERVICES, LINE 4E AND PART III (A) THE USF BRIT PROGRAM STRIVES TO BRING THE BEST OF BOTH CLASSICAL AND CONTEMPORARY APPROACHES OF BRITISH THEATRE TO THE STUDENTS IN THE USF SCHOOL OF THEATRE AND DANCE AND TO AUDIENCES IN TAMPA, FLORIDA. EXPENSES ARE INCURRED IN EUROPE TO LOCATE AND ENGAGE PROFESSIONAL DIRECTORS AND CHOREOGRAPHERS, LEADING VOICE AND SPEECH EXPERTS AND TOP RATE DESIGNERS. THESE EXPERTS HAVE BROUGHT THEIR KNOWLEDGE AND EXPERIENCE IN BRITISH CLASSICAL THEATRE AND CONTEMPORARY CUTTING EDGE THEATRE TO THE STUDENTS AT USF IN THE FORM OF HANDS ON MASTER CLASSES AND WORKSHOPS. PROGRAM SERVICE EXPENSES WERE ALSO INCURRED FOR VARIOUS TRAVEL RELATED EXPENSES. THESE EXPENSES WERE INCURRED TO SUPPORT RELATED EDUCATIONAL, RESEARCH, AND SERVICE ACTIVITIES OF USF IN ACCORDANCE WITH THE MISSION OF THE FOUNDATION. Schedule F, Part I, Line 2 PROCEDURES FOR MONITORING USE OF GRANT FUNDS FOUNDATION FOREIGN PROGRAM EXPENSES CONSISTED OF TWO TYPES. THE FIRST IS TRAVEL EXPENSES INCURRED BY UNIVERSITY EMPLOYEES FOR PROGRAM SERVICE ACTIVITIES CONDUCTED OUTSIDE OF THE UNITED STATES. THE FOUNDATION'S PROCESS FOR MONITORING THESE EXPENSES INCLUDES CODING THESE TYPES OF EXPENSES APPROPRIATELY THROUGH THE NORMAL CHECK DISBURSEMENT PROCESS. THE SECOND RELATES TO THE USF BRIT PROGRAM. THE FOUNDATION MAINTAINS A CONTRACT WITH A UK CITIZEN LIVING OUTSIDE OF THE US TO FUNCTION AS THE LONDON ADMINISTRATOR OF THE UNIVERSITY OF SOUTH FLORIDA BRITISH INTERNATIONAL THEATRE (BRIT) PROGRAM. THE ADMINISTRATOR IS PAID A FEE FOR IDENTIFYING AND ENGAGING ARTISTS FOR THE PROGRAM. TO EXPEDITE THE PROCESS OF CONTRACTING GUEST ARTISTS FROM THE UNITED KINGDOM, THE FOUNDATION ALSO PROVIDES ADVANCED FUNDING TO THE ADMINISTRATOR. THE FOUNDATION RECEIVES A FINANCIAL REPORT WITH SUPPORTING DOCUMENTATION (RECEIPTS) FOR ALL EXPENDITURES WITHIN NINETY (90) DAYS OF THE CONCLUSION OF THE BRIT PROGRAM ANNUAL EVENT. ANY DIFFERENCE WILL BE RETURNED TO THE FOUNDATION OR PAID TO THE ADMINISTRATOR AS APPROPRIATE. X X X X X X X true RUFFALO CODY AND ASSOCIATES ANNUAL GIVING false 374220 305512 68708 374220 305512 68708 AL AK AZ AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MO MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI Accounting Cir 243144 35840 207304 17283 WLP Symposium 173463 146382 27081 25000 750 80 1485996 758480 727516 239133 368753 1902603 940702 961901 264133 386786 650919 310982 Schedule G, Part I SCHEDULE G PART I COLUMN V DISTINGUISHING PAYMENTS FOR PROF. FUND RAISING SERVICES FROM EXPENSE PAYMENT OR REIMBURSEMENT. THE FOUNDATION HAS CONTRACTED WITH A TELEMARKETING SERVICE PROVIDER,RUFFALO CODY, IN ORDER TO MANAGE A YEAR-ROUND, ON CAMPUS TELEPHONE FUND RAISING PROGRAM. PAYMENTS ARE MADE BASED ON THIS CONTRACT, AND ITS AGREED UPON ANNUAL COMPLETED CALL RATE. THE FOUNDATION HAS THE RIGHT TO TERMINATE THIS AGREEMENT AT ANY TIME AND ANY REASON UPON SIXTY DAYS WRITTEN NOTICE TO THE OTHER PARTY. Schedule G, Part II FUNDRAISING ACTIVITES, SCH G PART III FORM 990 REPORTING REQUIRES CONTRIBUTIONS FROM FUND RAISING EVENTS BE REPORTED ON LINE 1, PART VIII; THEREFORE, LINE 2, PART II, SCHEDULE G SUBTRACTS CONTRIBUTIONS FROM FUND RAISING RECEIPTS. THIS RESULTS IN A GAIN OF $310,982 FROM THE FUND RAISING EVENTS ON LINE 11, SCHEDULE G WITH THE $940,702 OF CONTRIBUTIONS REFLECTED ON LINE 1, PART VIII. true University of South Florida 4202 E Fowler Ave Tampa FL 33620 593102112 SEC 115 (I) 45965727 FMV Academic & Student Support Alumni Association 4202 E Fowler Ave Tampa FL 33620 237357236 501 (C) (3) 714306 FMV Alumni Program Support 2 0 Schedule I, Part I, Line 2 Description Of Procedure For Monitoring Use Of Grant Funds GRANT EXPENSES ARE AMOUNTS TRANSFERRED DIRECTLY TO OR PAID ON BEHALF OF THE UNIVERSITY OR THE USF ALUMNI ASSOCIATION IN ACCORDANCE WITH DONOR RESTRICTIONS. ALL EXPENSES RELATED TO THE USE OF THESE FUNDS ARE REVIEWED BY THE FOUNDATION BEFORE THEY ARE DISBURSED TO ENSURE THAT THE EXPENSES ARE BEING USED IN CONJUNCTION WITH FOUNDATION POLICIES MADE AVAILABLE TO THE UNIVERSITY THROUGH A PUBLIC WEBSITE. ALSO, THE FOUNDATION HOLDS PERIODIC TRAININGS IN ORDER TO FURTHER ENSURE THAT EXPENDITURES ARE IN ACCORDANCE WITH THEIR DONOR-IMPOSED PURPOSES AND IRS REGULATIONS. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. GRANT EXPENSES ARE AMOUNTS TRANSFERRED DIRECTLY TO OR PAID ON BEHALF OF THE UNIVERSITY OR THE USF ALUMNI ASSOCIATION IN ACCORDANCE WITH DONOR RESTRICTIONS. ALL EXPENSES RELATED TO THE USE OF THESE FUNDS ARE REVIEWED BY THE FOUNDATION BEFORE THEY ARE DISBURSED TO ENSURE THAT THE EXPENSES ARE BEING USED IN CONJUNCTION WITH FOUNDATION POLICIES MADE AVAILABLE TO THE UNIVERSITY THROUGH A PUBLIC WEBSITE. ALSO, THE FOUNDATION HOLDS PERIODIC TRAININGS IN ORDER TO FURTHER ENSURE THAT EXPENDITURES ARE IN ACCORDANCE WITH THEIR DONOR-IMPOSED PURPOSES AND IRS REGULATIONS. X X X true true X X X X X X false false false false false false false false false JOEL MOMBERG SR. VP, UNIV ADV & CEO USFF 0 528966 0 25051 0 349457 0 19994 0 17156 0 940624 0 0 JUDY L GENSHAFT PRESIDENT, USF 0 464043 0 0 0 72787 0 19536 0 14993 0 571359 0 0 JOHN LONG COO & SVP USF 0 278766 0 1100 0 1020 0 14669 0 167 0 295722 0 0 PAUL R SANBERG VP RESEARCH & INNOVATION 279 399628 0 40000 0 1620 0 9406 0 15172 279 465826 0 0 JOHN T SINNOTT ASSOC DEAN, COLLEGE MEDICINE 389850 205302 0 0 0 1440 0 14856 0 14993 389850 236591 0 0 RALPH C WILCOX EXEC VP & PROVOST, USF 0 366204 0 18000 0 11148 0 20086 0 15171 0 430609 0 0 ROBERT FISCHMAN ASSOC VP, BUS & FIN, USFF CFO 0 187586 0 1100 0 1020 0 14484 0 14993 0 219183 0 0 NOREEN E SEGREST VP, COO & USFF COUNSEL 0 217544 0 1100 0 7620 0 16667 0 16875 0 259806 0 0 STEVEN BLAIR VP DEVELOPMENT 1345 233489 0 5600 0 9644 0 18023 0 16882 1345 283638 0 0 VICKI MITCHELL SR. DIRECTOR, USFF 0 143967 0 600 0 16742 0 18219 0 7045 0 186573 0 0 JULIE GILLESPIE AVP GIFTS, USFF 0 130720 0 1100 0 7620 0 9575 0 14993 0 164008 0 0 KIMBERLY CONSTANTINE ASSOCIATE VP OF USF HEALTH 0 121406 0 10100 0 2395 0 9372 0 14993 0 158266 0 0 Schedule J, Part I SUPPLEMENTAL COMPENSATION INFORMATION EMPLOYEES OF THE UNIVERSITY PERFORM OPERATING FUNCTIONS FOR THE FOUNDATION. THE UNIVERSITY TRACKS, ADMINISTERS, AND REPORTS ALL PAYROLL AND FRINGE BENEFIT COSTS. THE FOUNDATION TRANSFERS FUNDS TO THE UNIVERSITY FOR THESE COSTS. THE AMOUNT FUNDED BY THE FOUNDATION TO THE UNIVERSITY WAS APPROXIMATELY $3,040,000 FOR THE YEAR ENDED JUNE 30, 2015. Schedule J, Part II, Column (B)(iii) JOEL MOMBERG, SR. VICE PRESIDENT, UNIVERSITY ADVANCEMENT AND CEO, USF FOUNDATION RECEIVED A RETENTION INCENTIVE PAYMENT OF $339,116.50 WHICH IS REPORTED IN OTHER REPORTABLE COMPENSATION. Schedule J, Part I, Line 1a First-class or charter travel THE FOUNDATION PAID FOR FIRST-CLASS OR CHARTER TRAVEL FOR THE FOLLOWING EMPLOYEE LISTED ON PART VII: * JOEL MOMBERG, SR. VICE PRESIDENT, UNIVERSITY ADVANCEMENT AND CEO, USF FOUNDATION * JUDY L. GENSHAFT, PRESIDENT, UNIVERSITY OF SOUTH FLORIDA *JOHN LONG, USF CHIEF OPERATING OFFICER *RALPH WILCOX, USF PROVOST THE FIRST-CLASS OR CHARTER TRAVEL EXPENSES INCURRED WERE FOR A BONA FIDE BUSINESS PURPOSE AND THUS NOT INCLUDED IN THE TAXABLE COMPENSATION OF THIS INDIVIDUAL. Schedule J, Part I, Line 1a Travel for companions * JOEL MOMBERG, SR. VICE PRESIDENT, UNIVERSITY ADVANCEMENT AND CEO, USF FOUNDATION THE TRAVEL EXPENSES INCURRED BY THE EMPLOYEES' SPOUSES WERE FOR A BONA FIDE BUSINESS PURPOSE AND THUS NOT INCLUDED IN THE TAXABLE COMPENSATION OF THESE INDIVIDUALS. Schedule J, Part I, Line 1a Health or social club dues or initiation fees * JOEL MOMBERG, SR. VICE PRESIDENT, UNIVERSITY ADVANCEMENT AND CEO, USF FOUNDATION * JUDY L. GENSHAFT, PRESIDENT, UNIVERSITY OF SOUTH FLORIDA * RALPH C. WILCOX, EXECUTIVE VP AND PROVOST, UNIVERSITY OF SOUTH FLORIDA * STEVE BLAIR, ASSOCIATE VICE PRESIDENT, USF HEALTH DEVELOPMENT THE FULL AMOUNT OF THESE PAYMENTS IS INCLUDED IN THE INDIVIDUALS' TAXABLE COMPENSATION. Schedule J, Part II COMPENSATION FROM AN UNRELATED ORGANIZATION OR INDIVIDUAL NAME - PAUL R. SANBERG, COMPENSATION FROM UNRELATED ORGANIZATION - 279.000000, NAME OF UNRELATED ORGANIZATION - UMSA, TYPE OF COMPENSATION - BENEFITS Schedule J, Part II COMPENSATION FROM AN UNRELATED ORGANIZATION OR INDIVIDUAL NAME - JOHN T. SINNOTT, COMPENSATION FROM UNRELATED ORGANIZATION - 389850.000000, NAME OF UNRELATED ORGANIZATION - UMSA, TYPE OF COMPENSATION - SALARY AND BENEFITS Schedule J, Part II COMPENSATION FROM AN UNRELATED ORGANIZATION OR INDIVIDUAL NAME - STEVEN BLAIR, COMPENSATION FROM UNRELATED ORGANIZATION - 1345.000000, NAME OF UNRELATED ORGANIZATION - UMSA, TYPE OF COMPENSATION - BENEFITS First Florida Integrity Bank SEE PART V 256238 BANK SERVICES false SUNTRUST BANK SEE PART V 27528 BANK SERVICES false Schedule L, Part IV, Column (b) SCHEDULE L, PART IV BRIAN KEENAN IS A REGIONAL PRESIDENT FOR FIRST FLORIDA INTEGRITY BANK. MR. KEENAN ALSO SERVES AS A MEMBER OF THE USF FOUNDATION BOARD OF DIRECTORS. FIRST FLORIDA INTEGRITY BANK HOLDS A CD FOR THE USF FOUNDATION. THE CD'S VALUE OF $256,238 IS INCLUDED IN OUR OPERATING PORTFOLIO RESPECTIVELY IN FISCAL YEAR 2015. THIS RELATIONSHIP WAS NEGOTIATED AT ARM'S LENGTH THROUGH THE NORMAL COURSE OF BUSINESS. Schedule L, Part IV, Column (b) SCHEDULE L, PART IV ALLEN BRINKMAN IS A CHAIRMAN, PRESIDENT AND CEO FOR SUNTRUST BANK. MR. BRINKMAN ALSO SERVES AS A MEMBER OF THE USF FOUNDATION BOARD OF DIRECTORS. SUNTRUST BANK PROVIDES THE USF FOUNDATION WITH BANKING AND TRUST SERVICES COSTING $26,328 AND $1,200 RESPECTIVELY IN FISCAL YEAR 2015. THE FOUNDATION SELECTS ITS PROVIDER THROUGH A REQUEST FOR PROPOSAL PROCESS EVERY 5 -7 YEARS OR AS THE NEEDS OF THE FOUNDATION CHANGE. THIS RELATIONSHIP WAS NEGOTIATED AT ARM'S LENGTH THROUGH THE NORMAL COURSE OF BUSINESS. X 15 177536 Market value X 27310 Market value X 23 671813 Market value X 1 85237 Market value X 7 46452 Market value X Media Equipment 4 51605 Market value X Software 7 369988 Market value X Licensing and Subscriptions 2 135500 Cost X Event Suite 1 386132 Cost X Supplies 5 147176 Market value X Advertising 10 211903 Market value X Miscellaneous 6 8951 Cost 9 false true true Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions THE FOUNDATION USES A THIRD PARTY AUCTIONEER SERVICE TO SELL DONATED ITEMS THAT IT DOES NOT INTEND TO KEEP IN ITS PERMANENT COLLECTION (LIKE JEWELRY), OR HAVE AN INTERNAL USE FOR (LIKE A VEHICLE). AFTER THE AUCTIONEER FINDS A WILLING BUYER, THE FOUNDATION RECEIVES THE PROCEEDS OF THESE TRANSACTIONS MINUS A SERVICE FEE. THE USF FOUNDATION UTILIZES CHARITABLE AUTO RESOURCES (CARS) AS A SERVICE PROVIDER FOR THE FACILITATION OF THE WUSF PUBLIC BROADCASTING DIVISION OF THE UNIVERSITY OF SOUTH FLORIDA VEHICLE DONATION PROGRAM. CARS ACTS AS AN AUTHORIZED AGENT TO PROCESS DONATED VEHICLES AND PROVIDES WRITTEN SUBSTANTIATION OF DONATIONS TO DONORS INCLUDING APPROPRIATE TAX FORMS. CARS RETAINS A PORTION OF THE NET VEHICLE DONATION PROGRAM PROCEEDS AND DISTRIBUTES THE REMAINDER TO THE USF FOUNDATION TO BENEFIT WUSF PUBLIC BROADCASTING. Form 990, Part I, Line 5 EMPLOYEE COMPENSATION REPORTING AS REPORTED ON FORM 990, PART I, LINE 5, THE UNIVERSITY OF SOUTH FLORIDA FOUNDATION ("FOUNDATION") DOES NOT HAVE EMPLOYEES. HOWEVER, USFF SHARES THE COST OF PERSONNEL, SERVICES, FACILITIES, AND EXPENSES WITH THE UNIVERSITY OF SOUTH FLORIDA ("UNIVERSITY"), A RELATED ORGANIZATION. THE COSTS OF THESE SERVICES ARE ALLOCATED TO USFF ON VARIOUS LINES OF PARTS VIII-X OF THIS RETURN. Form 990, Part VI, Line 4 Significant changes to organizational documents Summary of Bylaws Changes Article II, Section 5 is amended to reduce the notice required to be provided to members of an annual, regular or special meeting from 10 days to 7 days. Article III, Section 1 is amended to delete the Government Relations Committee as a standing committee of the USF Foundation. Article III, Section 2f is amended to delete the description of the Government Relations Committee. Form 990, Part VI, Line 6 Classes of members or stockholders THE FOUNDATION IS ESTABLISHED PURSUANT TO SECTION 1004.28 FLORIDA STATUTES, AS A DIRECT-SUPPORT ORGANIZATION OF THE UNIVERSITY OF SOUTH FLORIDA. THE GENERAL NATURE OF THE FOUNDATION IS TO PROVIDE PHILANTHROPIC SUPPORT; IN THE FORM OF MONEY AND OTHER FORMS OF PROPERTY AND SERVICES TO THE UNIVERSITY OF SOUTH FLORIDA SYSTEM ("UNIVERSITY SYSTEM") AND PERSONS, ASSOCIATIONS AND CORPORATIONS ASSOCIATED THEREWITH; TO PROMOTE EDUCATION AND OTHER RELATED ACTIVITIES OF THE UNIVERSITY SYSTEM; AND TO ENCOURAGE RESEARCH, LEARNING AND DISSEMINATION OF INFORMATION. THE FOUNDATION IS AUTHORIZED TO ACT AS THE FIDUCIARY AGENT ON BEHALF OF THE UNIVERSITY SYSTEM FOR THE RECEIPT, MANAGEMENT, AND DISTRIBUTION OF ALL PRIVATE GIFTS MADE TO OR FOR THE BENEFIT OF THE UNIVERSITY SYSTEM. THE ROLE OF THE FOUNDATION BOARD SPECIFICALLY INCLUDES ENCOURAGING PHILANTHROPIC SUPPORT OF UNIVERSITY PRIORITIES; APPROVAL OF POLICY; OVERSIGHT OF FINANCIAL MANAGEMENT; PARTICIPATION IN LONG-RANGE STRATEGIC PLANNING; PROVIDING VOLUNTEER LEADERSHIP FOR THE UNIVERSITY SYSTEM'S FUNDRAISING EFFORTS; AND SERVING IN AN ADVISORY CAPACITY TO THE UNIVERSITY SYSTEM PRESIDENT. THE MEMBERS OF THE FOUNDATION SHALL BE THE FOUNDATION BOARD, COMPRISED OF THE VOTING MEMBERS, INCLUDING ELECTED AND DESIGNATED MEMBERS; AND THE NON-VOTING MEMBERS, INCLUDING CAMPUS EXECUTIVE OFFICERS, EMERITUS MEMBERS AND OTHER INDIVIDUALS ELECTED PURSUANT TO ARTICLE II, SECTION 2(B). THE FOUNDATION SHALL BE MANAGED BY AND UNDER THE DIRECTION OF THE FOUNDATION BOARD, AND BY OFFICERS AND COMMITTEES THEREOF, AS POWERS MAY BE DELEGATED TO SUCH OFFICERS AND COMMITTEES BY THESE BYLAWS OR BY RESOLUTION OF THE FOUNDATION BOARD. (A) VOTING MEMBERS. THE FOUNDATION BOARD SHALL BE COMPOSED OF AT LEAST TWENTY (20), BUT NOT MORE THAN FIFTY (50) ELECTED MEMBERS, ONE OF WHOM SHALL BE A FULL-TIME FACULTY MEMBER OR A DEAN OF THE UNIVERSITY SYSTEM. IN ADDITION, THE FOLLOWING WILL SERVE AS DESIGNATED MEMBERS OF THE FOUNDATION: (1) PRESIDENT OF THE UNIVERSITY SYSTEM. (2) PROVOST AND EXECUTIVE VICE PRESIDENT OF THE UNIVERSITY SYSTEM. (3) SR. VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT OF THE UNIVERSITY SYSTEM. (4) CHIEF OPERATING OFFICER OF THE UNIVERSITY SYSTEM. (5) PRESIDENT OF THE UNIVERSITY OF SOUTH FLORIDA ALUMNI ASSOCIATION. (6) PRESIDENT OF THE USF BULLS CLUB. PROVIDED, HOWEVER, THAT ANY PERSON HOLDING MORE THAN ONE OF THE ABOVE OFFICES SHALL HAVE ONLY ONE VOTE AS A MEMBER OF THE FOUNDATION BOARD. (B) NON-VOTING MEMBERS. (1) THE CAMPUS EXECUTIVE OFFICERS OF EACH REGIONAL CAMPUS OR INSTITUTION OF THE UNIVERSITY SYSTEM; (2) THE EMERITUS MEMBERS; (3) OTHER INDIVIDUALS MAY SERVE AS NON-VOTING MEMBERS. SUCH MEMBERS SHALL BE NOMINATED BY MAJORITY VOTE OF THE NOMINATING AND BOARD DEVELOPMENT COMMITTEE AND SHALL BE ELECTED BY MAJORITY VOTE OF THE FOUNDATION BOARD. Form 990, Part VI, Line 11b Review of form 990 by governing body A COMPLETE DRAFT OF FORM 990, PREPARED INTERNALLY IN CONJUNCTION WITH OUTSIDE TAX ACCOUNTANTS AND REVIEWED BY UPPER MANAGEMENT IS MADE AVAILABLE ELECTRONICALLY TO ALL MEMBERS OF THE FOUNDATION BOARD FOR COMMENT AT LEAST ONE WEEK PRIOR TO FILING. THE AUDIT COMMITTEE OF THE BOARD PERFORMS A THOROUGH AND DETAILED REVIEW OF THE FORM 990 AND OTHER FEDERAL FORMS PRIOR TO REVIEW BY THE FULL BOARD AND PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy DUE TO THE VARIED INTERESTS AND BACKGROUNDS OF THE MEMBERS OF THE BOARD, SITUATIONS INVOLVING POSSIBLE CONFLICTS OF INTEREST MAY ARISE. IT IS THE RESPONSIBILITY OF THE MEMBERS OF THE BOARD TO GOVERN THE USF FOUNDATION'S AFFAIRS HONESTLY, EXERCISING DUE CARE, SKILL AND JUDGMENT FOR THE BENEFIT OF THE FOUNDATION. POTENTIAL OR APPARENT CONFLICTS OF INTEREST ARE DESCRIBED IN THE USF FOUNDATION CONFLICT OF INTEREST AND CONFIDENTIAL INFORMATION POLICY. IF A CONFLICT OF INTEREST, IN FACT, EXISTS, THE BOARD MEMBER SHALL DISCLOSE THE POTENTIAL OR APPARENT CONFLICT OF INTEREST IN THE ANNUAL CONFLICT OF INTEREST DISCLOSURE FOR BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES AND SHALL ABSTAIN FROM PARTICIPATION IN ANY VOTE OR DISCUSSION INVOLVING THE MATTER. THE USF FOUNDATION SENIOR DIRECTOR OF FOUNDATION BOARD RELATIONS IS RESPONSIBLE FOR THE ANNUAL DISTRIBUTION OF THE CONFLICT OF INTEREST AND CONFIDENTIAL INFORMATION POLICY AND THE COLLECTION OF THE ANNUAL CONFLICT OF INTEREST DISCLOSURE FOR BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES. THE SENIOR DIRECTOR OF FOUNDATION BOARD RELATIONS REPORTS ANY DISCLOSURE OF POTENTIAL OR APPARENT CONFLICTS WITH THE USF FOUNDATION'S CHAIR, CHIEF EXECUTIVE OFFICER AND RELEVANT COMMITTEE CHAIRPERSON. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE USF FOUNDATION COMPENSATION COMMITTEE REVIEWED THE COMPENSATION PROVIDED BY THE USF FOUNDATION TO USF STAFF ALONG WITH MARKET SALARY DATA TO MAKE A DETERMINATION OF REASONABLENESS. THE STAFF SELECTED FOR REVIEW, AS REQUIRED BY THE INTERNAL REVENUE SERVICE, INCLUDED OFFICERS OR MEMBERS OF USF FOUNDATION BOARD WHO RECEIVE COMPENSATION FROM THE USF FOUNDATION, KEY EMPLOYEES AND HIGHEST PAID STAFF AND HAVE HAD CHANGES IN THEIR COMPENSATION SINCE THEIR REVIEW IN THE PRIOR YEAR. THE COMPENSATION COMMITTEE ALSO RECEIVED THE WRITTEN OPINION OF AN INDEPENDENT COMPENSATION CONSULTANT TO AID IN THE DETERMINATION OF REASONABLENESS. THIS COMPENSATION REVIEW IS UNDERTAKEN TO OBTAIN THE BENEFIT OF THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE IRS RULES. THE COMPENSATION COMMITTEE MUST: * BE COMPOSED ENTIRELY OF INDIVIDUALS UNRELATED AND NOT SUBJECT TO THE CONTROL OF THE INDIVIDUAL'S WHOSE COMPENSATION IS BEING REVIEWED; * OBTAIN APPROPRIATE DATA AS TO THE COMPARABILITY OF SALARY; AND * DOCUMENT THE BASIS FOR ITS DETERMINATION THAT THE INDIVIDUAL'S COMPENSATION IS REASONABLE IN LIGHT OF THAT DATA. DURING THE DISCUSSION OF ANY INDIVIDUAL'S SALARY THAT INDIVIDUAL MUST LEAVE THE ROOM. THE COMMITTEE'S CONCLUSIONS ARE DOCUMENTED IN THE OFFICIAL MINUTES OF THE MEETING. THE COMPENSATION REVIEW OCCURS WHEN NEW HIRES ARE MADE TO KEY POSITIONS OR WHEN SALARY DATA IS SOLICITED FROM AN INDEPENDENT CONSULTANT FOR MARKET COMPARISONS WHICH MAY BE ANNUALLY OR BI-ANNUALLY. SALARY INFORMATION WAS REVIEWED IN SEPTEMBER 2015 FOR THE FOLLOWING POSITIONS: BOARD MEMBERS PRESIDENT, UNIVERSITY OF SOUTH FLORIDA SR. VICE PRESIDENT, UNIVERSITY ADVANCEMENT AND CEO, USF FOUNDATION FOUNDATION OFFICERS VICE PRESIDENT OF UNIVERSITY ADVANCEMENT AND CHIEF OPERATING OFFICER ASSOCIATE VICE PRESIDENT, BUSINESS & FINANCE AND USF FOUNDATION CFO KEY EMPLOYEES VICE PRESIDENT OF DEVELOPMENT, UNIVERSITY ADVANCEMENT ASSOCIATE VICE PRESIDENT, UNIVERSITY ADVANCEMENT 5 HIGHEST PAID SR. DIRECTOR OF DEVELOPMENT ASSISTANT VICE PRESIDENT, GIFTS SR. DIRECTOR OF GIFT PLANNING SR. DIRECTOR OF ANNUAL GIVING SR. DIRECTOR OF CORPORATE AND FOUNDATION RELATIONS. Form 990, Part VI, Line 15b Process to establish compensation of other employees PLEASE SEE DISCLOSURE FOR 15A Form 990, Part VI, Line 19 Required documents available to the public THE USF FOUNDATION POSTS ITS GOVERNING DOCUMENTS (ARTICLES OF INCORPORATION AND BYLAWS), AUDITED FINANCIAL STATEMENTS FOR THE PRIOR THREE (3) FISCAL YEARS, INTERNAL REVENUE SERVICE DETERMINATION LETTER OF 501(C)(3) STATUS, MOST RECENTLY FILED INFORMATIONAL RETURN FORM 990, AND MOST RECENTLY FILED EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN FORM 990-T ON ITS WEBSITE (HTTP://GIVING.USF.EDU) FOR PUBLIC INSPECTION. THE FOUNDATION MAKES ITS CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part VIII, Column (B) HOURS DEVOTED TO FOR RELATED ORGANIZATIONS THE FOLLOWING INDIVIDUALS DEVOTED AN ESTIMATED AVERAGE HOURS PER WEEK TO A RELATED ORGANIZATION, THE UNIVERSITY OF SOUTH FLORIDA (USF): JUDY L. GENSHAFT 35 HOURS JOHN T. SINNOTT 35 HOURS RALPH C. WILCOX 35 HOURS JOHN LONG 35 HOURS PAUL R. SANBERG 35 HOURS FORM 990,PART VII, COLUMN B DIRECTORS ARE NOT COMPENSATED FOR SERVICES AS A DIRECTOR TO THE BOARD. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue ALL OTHER REVENUE - Total Revenue: 316533, Related or Exempt Function Revenue: 316533, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; UNIVERSITY OF SOUTH FLORIDA 4202 E FOWLER AVE TAMPA FL 33620 593102112 EDUCATION FL 501(c)(1 N/A false USF ALUMNI ASSOCIATION 4202 E FOWLER AVE TAMPA FL 33620 237357236 ALUMNI RELATIONS FL 501(c)(3 Type III-FI N/A false false true true true false false false false true false false true true true true true true false false