2016-05-12T15:32:38-05:00 2015-06-30 Thomas Howell Ferguson PA 2615 Centennial Blvd Suite 200 Tallahassee FL 32308 990 2014-07-01 591561180 Seminole Boosters Inc % JOHN P SINCLAIR III SEMI 8506448803 PO BOX 1353 TALLAHASSEE FL 323021353 ROBERT A MILLER President/CEO 8506448803 2016-05-11 true Winston K Howell P01347409 8506688100 2014 2016-08-17 19:52:53Z ROBERT A MILLER CEO PO BOX 1353 tallahassee FL 323021353 61909429 false X www.seminole-boosters.com X 1974 FL TO PROVIDE FINANCIAL SUPPORT FOR THE INTERCOLLEGIATE ATHLETIC PROGRAM AT THE FLORIDA STATE UNIVERSITY. 60 59 70 59 52870 0 24625839 28561378 7599478 8294455 4029254 4264923 10167814 13202881 46422385 54323637 0 0 0 0 3730932 4719734 0 0 3727926 40436599 40735386 44167531 45455120 2254854 8868517 194045036 218805736 61110161 79705294 132934875 139100442 SEMINOLE BOOSTERS, INC. WAS CREATED AS A NOT-FOR-PROFIT ORGANIZATION TO STIMULATE AND PROMOTE THE EDUCATION, HEALTH, AND PHYSICAL WELFARE OF THE STUDENTS OF FLORIDA STATE UNIVERSITY BY PROVIDING FINANCIAL SUPPORT FOR THE INTERCOLLEGIATE ATHLETIC PROGRAM AT FSU. false false 22955719 Expenditures include disbursements made to Florida State University Department of Athletics, disbursements made to Florida State University, and transfers to FSU Financial Assistance. These disbursements include, Athletic Development Fund payments to supplement Athletic Department salaries, Operating Transfers to help pay student athlete scholarships, on-behalf of disbursements to support various other sport needs, University Presidential transfers to supplement the fundraising efforts of the University President, restricted disbursements made by individual sports from specific restricted accounts to allow continued increased performance in each sport, and transfers of funds collected to pay the debt service of FSU Financial Assistance. 684920 Other expenditures include disbursements made for Capital Projects completed for the Florida State University Department of Athletics as well as facilities maintenance expenses incurred to keep facilities functional during the fiscal year. 12601627 Other program expenditures include disbursements that further the mission of the Seminole Boosters, including expenses for various banquets and events, spring tour expenditures, costs to administration the royalty program, additional scholarship expenditures, as well as various other expenditures that promote the education, health and physical welfare of students at Florida State University. 36242266 true true false false false false false false true true false false true true true false true false false false false false false false false false false false true false false false false false false false false true false false false true true false false false true 261 0 70 true true true true CJ false false false true true true 2 false false false false false false X 60 59 false false false false false false false true true false false true true true true true true true true false X X JOHN P SINCLAIR III 8506448803 FSU UNIVERSITY CENTER SUITE C-5100 tallahassee FL 32306 TOM JENNINGS DIRECTOR 0.25 40.0 X 0 289446 36292 Lance Barton director 0.25 0.0 X 0 0 0 PAM PERREWE DIRECTOR 0.25 40.0 X 0 166287 20867 Mark Bates director 0.25 0.0 X 0 0 0 YVONNE BROWN DIRECTOR 0.25 0.0 X 0 0 0 DON EVERETT director 0.25 0.0 X 0 0 0 CHRIS DIAMANTIS DIRECTOR 0.25 0.0 X 0 0 0 BOB FREY director 0.25 0.0 X 0 0 0 AL DUNLAP DIRECTOR 0.25 0.0 X 0 0 0 DAN GRANT DIRECTOR 0.25 0.0 X 0 0 0 Bruce Harrell director 0.25 0.0 X 0 0 0 Michael Harrell CHAIRMAN 0.25 0.0 X X 0 0 0 TIM HILL DIRECTOR 0.25 0.0 X 0 0 0 PAUL LOWENTHAL DIRECTOR 0.25 0.0 X 0 0 0 KEVIN HAWKINS director 0.25 0.0 X 0 0 0 marice leo director 0.25 0.0 X 0 0 0 Brett Lindquist director 0.25 0.0 X 0 0 0 DOUG RUSSELL director 0.25 0.0 X 0 0 0 ANDY NORMAN DIRECTOR 0.25 0.0 X 0 0 0 Gene Ready Immediate Past Chair 0.25 0.0 X X 0 0 0 shane locke director 0.25 0.0 X 0 0 0 mark macek director 0.25 0.0 X 0 0 0 Kathy Stahl director 0.25 0.0 X 0 0 0 Brian Swain director 0.25 0.0 X 0 0 0 MARK O'BRYANT DIRECTOR 0.25 0.0 X 0 0 0 DAVID RANCOURT Vice Chair 0.25 0.0 X X 0 0 0 JEFF SLUMAN director 0.25 0.0 X 0 0 0 SAM ROGERS JR DIRECTOR 0.25 0.0 X 0 0 0 dennis newman DIRECTOR 0.25 0.0 X 0 0 0 MIKE WALSINGHAM DIRECTOR 0.25 0.0 X 0 0 0 Jorge Azor Director 0.25 0.0 X 0 0 0 Craig Dewhurst Director 0.25 0.0 X 0 0 0 Wade Durham Director 0.25 0.0 X 0 0 0 Lon Fellenz Director 0.25 0.0 X 0 0 0 Mike Haggard Director 0.25 0.0 X 0 0 0 BRIAN WILLIAMS DIRECTOR 0.25 0.0 X 0 0 0 Michael Miller Director 0.25 0.0 X 0 0 0 kyle riva Director 0.25 0.0 X 0 0 0 Jon Shebel Director 0.25 0.0 X 0 0 0 Barry Smith DIRECTOR 0.25 0.0 X 0 0 0 scott roix Director 0.25 0.0 X 0 0 0 Nylah Thompson TREASURER 0.25 0.0 X X 0 0 0 Gary Thurston Secretary 0.25 0.0 X X 0 0 0 Nada Usina Director 0.25 0.0 X 0 0 0 bob sasser DIRECTOR 0.25 0.0 X 0 0 0 Linda McGee Director 0.25 0.0 X 0 0 0 larry strom director 0.25 0.0 X 0 0 0 jesse vance director 0.25 0.0 X 0 0 0 STAN WILCOX DIRECTOR 0.25 40.0 X 0 680751 107363 Bob Davis Director 0.25 0.0 X 0 0 0 Mike Evertsen Director 0.25 0.0 X 0 0 0 Ann Ruth Figg Director 0.25 0.0 X 0 0 0 Eric Friall Director 0.25 0.0 X 0 0 0 Jimmy Graganella Director 0.25 0.0 X 0 0 0 S Dale Greene Director 0.25 0.0 X 0 0 0 Gary Huff Director 0.25 0.0 X 0 0 0 Bob Johnson Director 0.25 0.0 X 0 0 0 Garnett Stokes Director 0.25 40.0 X 0 424547 23264 John Thiel Director 0.25 0.0 X 0 0 0 Andrew Wilson Director 0.25 0.0 X 0 0 0 Andy Miller Executive Director/President 40.0 0.0 X X 270304 0 27654 John Sinclair Chief Financial Officer 40.0 0.0 X 78773 0 5878 SANFORD LOVINGOOD COMPTROLLER (7/1/14 - 10/1/14) 40.0 0.0 X 75410 0 13526 Tom Carlson Sr. Vice President 40.0 0.0 X 187182 0 21032 Joel Padgett Executive Director 40.0 0.0 X 164922 0 18311 Jerry Kutz Vice President 40.0 0.0 X 141854 0 19017 Ben Zierden Vice President 40.0 0.0 X 108831 0 5878 Billy Sexton Director 40.0 0.0 X 94639 0 17140 1121915 1561031 316222 5 false true false Civic Center 505 w pensacola street TALLAHASSEE FL 32301 RENTAL 607144 University Center Club university center building b TALLAHASSEE FL 32306 MEMBERSHIP CHARGES 453374 hollman 1825 WEST WALNUT HILL LANE SUITE 1 IRVING TX 75038 CONSTRUCTION 377316 ADVENT 2316 CRUZEN STREET NASHVILLE TN 37211 CONSTRUCTION 2505387 McGuire Woods LLP 901 E Cary Street RICHMOND VA 23219 Legal Services 388610 15 366409 28194969 1300000 28561378 STADIUM CONCESSION 900099 1181626 1181626 SKYBOX REVENUE 900099 46100 46100 UNIV. CENTER CLUB 900099 6550100 6550100 VARSITY CLUB 900099 359844 359844 BURT REYNOLDS HALL 900099 156785 156785 8294455 235082 235082 0 4167459 4167459 861255 861255 0 861255 861255 9956056 1659577 6347633 1238159 3608423 421418 4029841 4029841 0 0 0 MULTIMEDIA CONTRACTUAL INCOME 900099 6227280 6227280 SKYBOX GUEST TICKETS 900099 192705 192705 MOTORHOME PARKING LOT 900099 150226 150226 1603956 52870 1551086 8174167 54323637 8294455 52870 17414934 0 0 0 0 463187 347823 115364 0 2865384 1774603 1090781 249091 85877 163214 898370 551409 346961 243702 183004 60698 0 222534 222534 151309 151309 0 0 261512 261512 244948 2157 145675 97116 105191 105191 1026859 351653 675206 47008 28205 18803 0 9193 9193 1224861 1221674 3187 0 78032 69760 8272 125636 125636 22955719 22955719 710126 680126 30000 260602 156361 104241 UNIVERSITY CENTER CLUB 6770233 6770233 ATHLETIC PROGRAM 1604987 1604987 BAD DEBT EXPENSE 375915 350430 25485 OTHER PROGRAM EXPENSE 2154976 2154976 2405745 387580 996380 1021785 45455120 36242266 5484928 3727926 53329 30744 14960225 14710491 75404537 77555729 6412370 15010587 0 0 0 0 15178323 15365880 74523 111894 1165320 433105 40149458 5343122 32773737 34806336 33494537 31605072 -76522 202597 0 0 0 0 14604657 28973301 194045036 218805736 68479 1549868 0 0 41559179 55902635 0 0 0 0 0 0 79394 31485 6643829 6500000 12759280 15721306 61110161 79705294 X 0 0 0 0 132934875 139100442 132934875 139100442 194045036 218805736 X 8868517 -2417509 -285441 X X false true X true false X 15298518 27296069 17986802 24425839 28561378 113568606 0 0 15298518 27296069 17986802 24425839 28561378 113568606 0 113568606 2982232 3427311 3697921 4848122 5263796 20219382 0 5026776 4945106 5380144 5522598 8174167 29048791 162836779 37567036 0.69744 0.67572 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 69071059 4895560 -2373940 1784732 0 573299 69234648 66035756 2419112 3727044 2480762 0 630091 69071059 64021867 588202 4678294 2316904 0 935703 66035756 66053795 401038 83048 1821787 0 694227 64021867 64870819 314494 2677550 1527862 0 281206 66053795 0.36388 0.51553 0.12060 true true false 12416229 13988488 26404717 5920824 0 5920824 4434502 3055609 1378893 2250929 1206294 1044635 1138486 1081219 57267 34806336 DUE FROM OTHER FUNDS 7900017 OTHER 712411 PREPAID TUITION CONTRACTS 3048587 DEPOSITS 114321 CONSTRUCTION IN PROGRESS 17197965 28973301 0 OTHER LIABILITIES 49666 DUE TO FSU FOUNDATION 3410000 DUE TO FSU DEPT OF ATHLETICS 11585382 DUE TO UCC MANAGEMENT COMPANY 676258 15721306 X 48083449 -6240188 -6240188 54323637 54323637 41457882 -3997238 -3997238 45455120 45455120 PART V, LINE 4: The intended use of the endowment is to fund athletics, which includes scholarships for Florida State University student-athletes in every NCAA sanctioned sport in which Florida State University participates. PART X, LINE 2: WITH FEW EXCEPTIONS, THE SEMINOLE BOOSTERS IS NO LONGER SUBJECT TO EXAMINATIONS BY MAJOR TAX JURISDICTIONS FOR YEARS ENDED JUNE 30, 2011 AND PRIOR. PART XI, LNE 2D: IN-KIND REVENUE: 903,918 NET EXPENSES VARSITY CLUB: -373,873 UNIVERSITY CENTER CLUB EXPENSES: -6,770,233 PART XII, LINE 2D: IN-KIND EXPENSES: 1,189,359 CONTRIBUTION TO FSU FINANCIAL ASSISTANCE: -460,000 NET EXPENSES VARSITY CLUB: -373,873 UNIVESRITY CENTER CLUB EXPENSES: -6,770,233 UNREALIZED LOSSES: 2,417,509 EXPENSES RELATED TO UNIVERSITY CENTER CLUB AND VARSITY CLUB EXPENSES ARE REPORTED AS A REDUCTION TO INCOME ON PART VIII - STATEMENT OF REVENUES. FOR AUDITED FINANCIAL STATEMENT PRESENTATION, THEY ARE REPORTED AS EXPENSES. X true X X X X X false true false false false false false false false TOM JENNINGS DIRECTOR 0 283326 0 0 0 6120 0 19403 0 16889 0 325738 0 0 PAM PERREWE DIRECTOR 0 165308 0 799 0 180 0 12422 0 8445 0 187154 0 0 STAN WILCOX DIRECTOR 0 226043 0 387000 0 67708 0 90474 0 16889 0 788114 0 0 Garnett Stokes Director 0 345788 0 199 0 78560 0 23264 0 0 0 447811 0 0 Andy Miller Executive Director/President 205204 0 65100 0 0 0 21776 0 5878 0 297958 0 0 0 Tom Carlson Sr. Vice President 137885 0 49297 0 0 0 15154 0 5878 0 208214 0 0 0 Joel Padgett Executive Director 113641 0 51281 0 0 0 12433 0 5878 0 183233 0 0 0 Jerry Kutz Vice President 100784 0 41070 0 0 0 13139 0 5878 0 160871 0 0 0 PART I, LINE 1A HEALTH OR SOCIAL CLUB DUES ANDY MILLER $4,500 PART I, LINE 4B NONQUALIFIED RETIREMENT PLAN ANDY MILLER $50,000 THE BENEFITS UNDER THE PLAN ARE FUNDED THROUGH A LIFE INSURANCE POLICY. THE ABOVE AMOUNT REPRESENTS THE INSURANCE PREMIUMS PAID ON THE LIFE INSURANCE POLICY FOR THE 2014 CALENDAR YEAR. TO DATE NO BENEFIT AMOUNTS HAVE BEEN DISPERSED UNDER THIS PLAN. X 57 525153 market value X 3 1361900 APPRAISED VALUE 2 false false true part i THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS IN COLUMN (B). LINE 32B SEMINOLE BOOSTERS, INC. HAVE AN AGREEMENT WITH REAL ESTATE INSYNC TO HELP MANAGE THEIR PROPERTIES. THIS INCLUDES HELPING WITH THE DISPOSITION OF NONCASH CONTRIBUTIONS RECEIVED BY THE BOOSTERS. THE AGREEMENT INCLUDES A MONTHLY FEE. THE MONTHLY FEE WAS $5,500 FROM 7/1/14 THROUGH 2/29/15. THE MONTHLY FEE IS NOW $2,750. ADDITIONALLY, THE SEMINOLE BOOSTERS WILL ENGAGE VARIOUS REAL ESTATE AGENTS TO HELP WITH THE SALE OF RESIDENTIAL AND COMMERCIAL PROPERTIES. THE TERMS OF THESE AGREEMENTS VARY, BUT TYPICALLY INCLUDE A FEE FOR THE AGENT FOR SELLING THE PROPERTY. PART VI: GOVERNANCE, MANAGEMENT, AND DISCLOSURE SECTION B, LINE 11B THE CFO REVIEWS FORM 990 WITH THE TREASURER AND RESOLVES ANY ISSUES OR QUESTIONS WITH THE INDEPENDENT ACCOUNTING FIRM THAT PREPARES THE FORMS. THE BOARD OF DIRECTORS HAS DELEGATED TO THE FINANCE AND BUDGET COMMITTEE AND AUDIT COMMITTEE THE RESPONSIBILITY FOR THE FINAL REVIEW OF THE FORM 990. THE FINANCE AND BUDGET COMMITTEE, AUDIT COMMITTEE, AND TREASURER REVIEW THE FORM 990 BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. THE REVIEW IS DONE CONCURRENTLY WITH MANAGEMENT AND ANY QUESTIONS AS A RESULT OF THAT REVIEW ARE ANSWERED. NO FURTHER REVIEW BY THE BOARD IS REQUIRED BEFORE THE FORMS ARE FILED WITH THE IRS. LINE 12C BOARD OF DIRECTORS ARE REQUIRED TO DISCLOSE ANNUALLY TO THE CHAIRMAN ANY KNOWN OR POTENTIAL CONFLICTS OF INTEREST. THE CHAIRMAN ENSURES THAT ALL CONFLICTS ARE RESOLVED. LINE 15 THE COMPENSATION COMMITTEE ESTABLISHES COMPENSATION FOR MANAGEMENT OF SEMINOLE BOOSTERS, INC. THE COMPENSATION COMMITTEE USES THE FOLLOWING TO ESTABLISH COMPENSATION FOR THE MANAGEMENT OF SEMINOLE BOOSTERS: 1) WRITTEN EMPLOYMENT CONTRACT 2) INDEPENDENT COMPENSATION CONSULTANT 3) COMPENSATION SURVEY OR STUDY 4) FORM 990 OF OTHER ORGANIZATIONS 5) COMPENSTATION COMMITTEE SUBMITS RECOMMENDATIONS FOR BOARD APPROVAL. THE LAST COMPENSATION STUDY WAS PERFORMED IN 2014. The Wages for the CEO were reviewed and approved during the 06/30/2015 fiscal year. SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THREE MOST CURRENT YEARS OF FINANCIAL STATEMENTS AND FORM 990S AVAILABLE TO THE PUBLIC UPON REQUEST. PART XI: RECONCILIATION OF NET ASSETS LINE 9 IN-KIND REVENUE: 903,918 IN-KIND EXPENSE: -1,189,359 PART XII: FINANCIAL STATEMENTS AND REPORTING LINE 2C: AN AUDIT COMMITTEE WAS FORMED IN OCTOBER 2014 AND THEY REVIEW AND APPROVE THE AUDIT. T'ALLEY PROPERTIES PO BOX 1353 TALLAHASSEE FL 32302 453781855 REAL ESTATE FL -548725 8387503 NA fsu financial assistance inc po box 1353 tallahassee FL 32302 592477517 BOND FINANCE FL 501(C)(3) 11d NA false florida state university a2201 university center tallahassee FL 32306 591961248 education FL 501(C)(3) 2 na false false false false true false false false false false false false false false false false false false true false FSU FINANCIAL ASSISTANCE D 7900017 ACTUAL FSU FINANCIAL ASSISTANCE R 460000 ACTUAL FLORIDA STATE UNIVERSITY R 22495719 ACTUAL