2016-05-10T10:28:16-05:00 2015-06-30 420714325 RSM US LLP 7351 OFFICE PARK PL MELBOURNE FL 32940 990 2014-07-01 596211832 UNIVERSITY OF CENTRAL FLORIDA FOUNDATION INC UNIV 4078821220 12424 RESEARCH PARKWAY NO 140 ORLANDO FL 32826 ALBERT J FRANCIS II CPA CFO 4078821220 2016-05-03 1 THERESA A BURDINE CPA P00362629 3217516200 2014 2016-08-17 19:52:53Z ALBERT J FRANCIS II CPA 12424 RESEARCH PARKWAY NO 140 ORLANDO FL 32826 191975797 0 X WWW.UCFFOUNDATION.ORG X 1968 FL THE UCF FOUNDATION ENCOURAGES, STEWARDS AND CELEBRATES CHARITABLE CONTRIBUTIONS FROM ALUMNI AND FRIENDS TO SUPPORT THE UNIVERSITY OF CENTRAL FLORIDA. THE UCF FOUNDATION, INC. IS A NOT-FOR-PROFIT ORGANIZATION THAT ENHANCES THE MISSION AND VISION OF THE UNIVERSITY OF CENTRAL FLORIDA THROUGH ITS FUNDRAISING ACTIVITIES. THROUGH THE FOUNDATION, PRIVATE SUPPORT HAS HELPED UCF ESTABLISH ITSELF AS A MAJOR METROPOLITAN UNIVERSITY. 39 38 0 600 151417 135375 22651577 29500099 2730801 2829540 6070978 35325400 5094479 3496514 36547835 71151553 12859547 16514950 0 0 9461209 10006451 349706 478967 6422055 6010944 6326881 28681406 33327249 7866429 37824304 287546289 289988145 34298067 32596165 253248222 257391980 X THE UCF FOUNDATION ENCOURAGES, STEWARDS AND CELEBRATES CHARITABLE CONTRIBUTIONS FROM ALUMNI AND FRIENDS TO SUPPORT THE UNIVERSITY OF CENTRAL FLORIDA. 0 0 8275462 8275453 1928620 ATHLETICS EXPENSES PAID IN SUPPORT OF THE UNIVERSITY OF CENTRAL FLORIDA ATHLETICS PROGRAM ENHANCE THE OVERALL ACADEMIC AND ATHLETIC EXPERIENCE FOR STUDENTS AND HELP PROVIDE FUNDS NECESSARY FOR UCF ATHLETICS TO CONTINUE DEVELOPING A NATIONALLY COMPETITIVE ATHLETICS PROGRAM. FUNDS ASSIST UCF ATHLETICS IN PROVIDING THE RESOURCES NECESSARY FOR UCF STUDENT ATHLETES TO SUCCEED IN THE CLASSROOM AND IN COMPETITION. 4420515 2778600 18118 ACADEMIC EXPENSES PAID IN SUPPORT OF THE UNIVERSITY OF CENTRAL FLORIDA PROGRAMS INCLUDE FUNDING PROGRAM EXPENSES AND SALARIES FOR UNIVERSITY EMPLOYEES. ACADEMIC SUPPORT HELPS THE UNIVERSITY'S OUTSTANDING FACULTY INSPIRE STUDENTS, FOSTER AND ENHANCE STRONG ACADEMIC PROGRAMS, AND SERVE AS A KEY ELEMENT TO INSTITUTIONAL GREATNESS. ENDOWED CHAIRS, EMINENT SCHOLARS, AND DISTINGUISHED PROFESSORS ARE PRESTIGIOUS ACADEMIC POSITIONS HELD BY THE UNIVERSITY'S MOST ACCOMPLISHED FACULTY. SPENDING TO SUPPORT THESE POSITIONS MEANS THAT ACADEMIC EXCELLENCE WILL BE MAINTAINED AND SUPPORT FOR RESEARCH PROJECTS AND INNOVATIVE PROGRAMS ARE AT THE HEART OF THE UCF LEARNING EXPERIENCE. OPPORTUNITIES, CURRICULUM DEVELOPMENT, INTERNSHIPS, INTERDISCIPLINARY WORK, EXPERIENTIAL LEARNING, AND ACADEMIC ENRICHMENT REQUIRE PRIVATE SUPPORT. 3001164 2908657 3762 STUDENT AID - THE UCF FOUNDATION IS DEDICATED TO ENRICHING THE LIVES OF UCF STUDENTS. THEREFORE, THE FOUNDATION SOLICITS DONATIONS TO SUPPORT SCHOLARSHIPS TO BENEFIT UCF STUDENTS. SCHOLARSHIPS ARE DESIGNED TO REWARD, ENCOURAGE AND ASSIST STUDENTS IN PURSUING ACADEMIC EXCELLENCE. SCHOLARSHIPS HELP ATTRACT A DIVERSE STUDENT BODY THAT CONTINUES TO BRING VARIOUS TALENTS AND AMBITIOUS GOALS TO ALL FACETS OF THE UNIVERSITY. SCHOLARSHIP FUNDS ARE TRANSFERRED TO THE UNIVERSITY FOR ADMINISTRATION AND PROCESSING. 6140705 2552240 1031735 RESEARCH: RESEARCH IS CONDUCTED ON AN INDIVIDUAL AND COLLABORATIVE BASIS BY FACULTY WHO FOCUS ON THEIR PARTICULAR AREAS OF ACADEMIC DISCIPLINE. UCF HAS NUMEROUS NATIONALLY AND INTERNATIONALLY RECOGNIZED RESEARCH INSTITUTES DEVOTED TO INNOVATIVE RESEARCH AND DEVELOPMENT. ALUMNI RELATIONS: ENHANCES THE LIVES OF UCF ALUMNI, PARENTS, STUDENTS AND FRIENDS BY FOSTERING A MUTUALLY BENEFICIAL RELATIONSHIP WITH THE UNIVERSITY OF CENTRAL FLORIDA. GENERAL UNIVERSITY SUPPORT: THE FOUNDATION ALSO ADMINISTERS EXPENSES TO SUPPORT GENERAL AREAS AND PROGRAMS OF THE UNIVERSITY. 6140705 2552240 1031735 21837846 1 1 0 1 0 0 1 0 0 1 1 1 0 0 1 0 1 0 0 0 1 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 1 X 72 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 X 39 38 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 0 0 0 AK CA KY MD MA MI MN NH NJ NY OK OR SC UT WI X X ALBERT J FRANCIS II CPA 4078821220 12424 RESEARCH PARKWAY SUITE 140 ORLANDO FL 32826 X JUDY ALBERTSON DIRECTOR/IMM PAST CHAIR 1.00 X 0 0 0 RICHARD O BALDWIN JR DIRECTOR 1.00 X 0 0 0 SCOTT BUESCHER DIRECTOR 1.00 X 0 0 0 HANY M GIRGIS DIRECTOR 1.00 X 0 0 0 RITA A LOWNDES DIRECTOR 1.00 X 0 0 0 PHYLLIS KLOCK DIRECTOR/CHAIR 1.00 X X 0 0 0 RONALD C THOW DIRECTOR/SECRETARY 1.00 X X 0 0 0 RAJESH S TOLETI DIRECTOR 1.00 X 0 0 0 RICHARD J WALSH DIRECTOR 1.00 X 0 0 0 KEITH J FLANNERY DIRECTOR 1.00 X 0 0 0 PHILIP L KEAN DIRECTOR 1.00 X 0 0 0 PAUL J MIRABELLA DIRECTOR 1.00 X 0 0 0 J OSCAR RODRIGUEZ DIRECTOR 1.00 X 0 0 0 LARRY CHASTANG DIRECTOR 1.00 X 0 0 0 BRUCE K GOULD DIRECTOR 1.00 X 0 0 0 MICHAEL J SARPU DIRECTOR 1.00 X 0 0 0 LEILA NODARSE DIRECTOR 1.00 X 0 0 0 JOSEPH MELBOURNE DIRECTOR 1.00 X 0 0 0 JAMES W FERRELL DIRECTOR/VICE CHAIR 1.00 X X 0 0 0 NELSON J MARCHIOLI DIRECTOR/CO-VICE CHAIR 1.00 X X 0 0 0 DR JOHN C HITT EX-OFFICIO DIR/PRES OF UCF 1.00 X 0 0 0 ANTONIO MORENO DIRECTOR 1.00 X 0 0 0 RITA ADLER DIRECTOR 1.00 X 0 0 0 MELANIE FERNANDEZ DIRECTOR/TREASURER 1.00 X X 0 0 0 SURESH GUPTA DIRECTOR 1.00 X 0 0 0 DAVID BOONE DIRECTOR 1.00 X 0 0 0 LORETTA COREY DIRECTOR 1.00 X 0 0 0 JOHN D EULIANO SR DIRECTOR 1.00 X 0 0 0 DIANE MAHONY DIRECTOR 1.00 X 0 0 0 MARY BETH MORGAN DIRECTOR 1.00 X 0 0 0 JOYCE VIRGA DIRECTOR 1.00 X 0 0 0 ANTHONEY J CONNELLY DIRECTOR 1.00 X 0 0 0 JAMES A JAHNA SR DIRECTOR 1.00 X 0 0 0 MARGERY L PABST DIRECTOR 1.00 X 0 0 0 JOHN R SPROULS DIRECTOR 1.00 X 0 0 0 PAUL E RYAN DIRECTOR 1.00 X 0 0 0 OLGA CAVET EX-OFFICIO DIR/CHAIR UCF BOT 1.00 X 0 0 0 PETER CRANIS EX-OFFICIO - UCF ALUMNI ASSOC CHAIR 1.00 X 0 0 0 MICHAEL J MORSEBERGER (AS OF 6/1/15) CEO 40.00 X 0 0 0 ROBERT J HOLMES JR (THRU 5/31/15) FORMER CEO 40.00 X 301141 0 38683 BEN MCMAHAN CHIEF OPERATING OFFICER 40.00 X 194668 0 31740 AJ BERT FRANCIS II CHIEF FINANCIAL OFFICER 40.00 X 159874 0 15167 JOYCE HENCKLER CHIEF DEVELOPMENT OFFICER 40.00 X 203277 0 32681 THOMAS MESSINA ASSOC VP ALUMNI RELATIONS 40.00 X 160740 0 29289 ANNE BOTTERI ASSISTANT VP COMMUNICATIONS 40.00 X 145845 0 20632 KARA FLEHARTY SCHULTZ ASSISTANT VP DEVELOPMENT 40.00 X 147062 0 39258 RACHEL SCHAEFER ASSISTANT VP DEVELOPMENT 40.00 X 127739 0 17948 RANDALL MCKEY SENIOR DIRECTOR OF DEVELOP 40.00 X 122344 0 28350 1562690 0 253748 11 0 1 0 CUSHMAN & WAKEFIELD 12424 RESEARCH PARKWAY ORLANDO FL 32826 BUILDING MANAGEMENT SERVICES 542976 D & A BUILDING SERVICES INC 321 GEORGIA AVENUE LONGWOOD FL 32750 MAINTENANCE 431844 STEVE BLACK CONSTRUCTION 308 OLD DIXIE HWY APOPKA FL 32712 CONSTRUCTION SERVICES 347793 SHAFFER AC & REFRIGERATION SERVICES IN 12488 KIRBY SMITH ROAD ORLANDO FL 32832 MAINTENANCE 290925 ORANGE COUNTY RESEARCH & DEVELOPMENT AUT 12424 RESEARCH PARKWAY ORLANDO FL 32826 AREA MANAGEMENT SERVICES 214549 14 3799865 172783 8241460 17285991 300890 29500099 PROGRAM REVENUES 611710 2829540 2829540 2829540 2277390 2277390 282070 81504 200566 9784455 6729769 3054686 3054686 3054686 146968414 113920404 33048010 33048010 33048010 282589 172783 161071 121518 32950 88568 17914 13000 4914 4914 ADVERTISING REVENUE 541800 32049 32049 MISCELLANEOUS REVENUE 900099 1277 1277 33326 71151553 2830817 151417 38669220 16420022 16420022 94928 94928 894129 520988 373141 7079915 1345085 2055447 3679383 455858 97000 154089 204769 1050599 197743 419902 432954 525950 109347 178772 237831 17907 6916 9740 1251 139800 139800 177499 177499 478967 478967 455197 455197 655633 337189 213253 105191 227755 199742 12013 16000 548647 206384 90294 251969 457490 44914 385897 26679 527329 345996 41191 140142 591922 387481 59419 145022 180532 148863 31669 102548 6667 95881 103747 36762 66665 320 BANQUETS & RECEPTIONS 759445 703244 20511 35690 TV/RADIO PROGRAMING FEE 306411 306411 EXTERNAL EVENT SPONSORS 238701 205505 1044 32152 RENTAL FACILITIES, EQUI 219625 139976 38409 41240 616693 320172 77167 219354 33327249 21837846 5067348 6422055 101900 101901 16258678 14799064 9092490 9822383 296770 103978 234449 507312 588641 593983 99602713 22258694 78502576 77344019 173825911 108753965 8262802 77607981 382072 353559 287546289 289988145 2278507 2419320 1762510 1841641 23591777 23040264 5775000 4350000 890273 944940 34298067 32596165 X 82839236 82271984 51315194 52148866 119093792 122971130 253248222 257391980 287546289 289988145 37824304 -33680546 0 X X 0 1 X 1 0 X 18829145 21373139 25608046 22651576 29500099 117962005 18829145 21373139 25608046 22651576 29500099 117962005 117962005 5469582 5312228 5845583 7352115 12090052 36069560 210210 165722 158140 130341 151417 815830 2469 12429 369330 39086 1277 424591 155271986 0.75970 0.74340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 1 0 0 1 138500 0 1 38999 177499 0 PART II-B, LINE 1: THE FOUNDATION PROVIDES FUNDING FOR GOVERNMENTAL RELATIONS AND LOBBYING EFFORTS ON BEHALF OF THE UNIVERISTY. THE GOVERNMENT RELATIONS INCLUDE CULTIVATING, MAINTAINING, AND ENHANCING THE LINK BETWEEN UCF AND THE VARIOUS PUBLICS IT SERVES AND TO CREATE AND IMPLEMENT COMMUNITY-BASED PROGRAMS. THIS IS TO INCREASE KNOWLEDGE AND UNDERSTANDING OF THE UNIVERSITY WITHIN KEY EXTERNAL COMMUNITIES. X 1 0.25 1 0 1.00 154614862 3877774 911663 1314156 3642735 3759372 150688036 135494628 2550623 23691905 749717 2812345 3560232 154614862 122629469 2339881 15093797 359349 1010983 3198187 135494628 127134563 1684967 -1449380 467687 1314973 2958021 122629469 102788477 4725682 23420200 173029 967696 2659071 127134563 0.01200 0.98800 0 0 53640384 53640384 34375119 14301325 20073794 9758213 6481245 3276968 648702 646987 1715 1180295 829137 351158 77344019 HEXAVEST WORLD EQUITY FUND 17805372 F OTHER SECURITIES < 5% 59802609 F 77607981 COMPENSATED ABSENCES 378725 TENANT SECURITY & KEY DEPOSIT 36431 ANNUITY PAYMENT LIABILITY 529784 944940 43919650 -33680546 6903840 -26776706 70696356 455197 455197 71151553 39775892 6903840 6903840 32872052 455197 455197 33327249 PART II, LINE 9: THE FOUNDATION HAS ONE CONSERVATION EASEMENT (50 FOOT CONSERVATION EASEMENT FOR DRAINAGE ALONG THE EASTERLY BOUNDARY OF THE PROPERTY), WHICH WAS INCLUDED IN THE VALUE OF THE LAND ON THE FOUNDATION'S BALANCE SHEET. PART V, LINE 4: THE FOUNDATION AUTHORIZES SPENDING FROM ITS ENDOWMENT TO SUPPORT THE UNIVERSITY'S STUDENT SCHOLARSHIPS, ACADEMIC CHAIRS, PROFESSORSHIPS, AND ACADEMIC PROGRAMS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSES NETTED AGAINST RENTAL REVENUE 6,729,769. FUNDRAISING EVENT EXPENSES NETTED AGAINST FUNDRAISING EVENT REVENUE 161,071. MERCHANDISE SALES EXPENSE NETTED AGAINST MERCHANDISE SALES REVENUE 13,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED AGAINST INVESTMENT REVENUE 455,197. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSES NETTED AGAINST RENTAL REVENUE 6,729,769. FUNDRAISING EVENT EXPENSES NETTED AGAINST FUNDRAISING EVENT REVENUE 161,071. MERCHANDISE SALES EXPENSE NETTED AGAINST MERCHANDISE SALES REVENUE 13,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED AGAINST INVESTMENT REVENUE 455,197. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES UCF PROGRAM SERVICE 20000 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, IRAN, IRA 0 0 FUNDRAISING UCF PROGRAM SERVICE 13971 0 0 0 0 0 0 33971 0 33971 0 0 0 0 0 1 X X X X X X X 1 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 503030718 CALL CENTER 0 219348 189000 30348 BENTZ WHALEY FLESSNER & ASSOCIATES 7251 OHMS LANE MINNEAPOLIS MN 55439 CONSULTANTS 0 0 122831 -122831 SUSAN SHULLAW & ASSOCIATES PO BOX 2328 IOWA CITY IA 52240 CONSULTANTS 0 0 26142 -26142 ADVANCEMENT RESOURCES LLC 3349 SOUTHGATE COURT SW CEDAR RAPIDS IA 524045424 CONSULTANTS 0 0 9250 -9250 THOMAS MITCHELL & ASSOCIATES 2580 SE 5TH STREET POMPANO BEACH FL 33062 CONSULTANTS 0 0 50000 -50000 THR FREMONT GROUP 2580 SE 5TH STREET POMPANO BEACH FL 33062 CONSULTANTS 0 0 16000 -16000 219348 413223 -193875 AL AK AR CA CO CT FL GA HI IL KS KY ME MD MA MI MN MS NH NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI MO NJ ROSEN COLLEGE PINEAPPLE BALL 137950 49343 88607 80 2353 12400 50000 46784 FOOTBALL KICKOFF LUNCHEON 90988 44305 46683 10 191680 78010 113670 4029 994 31169 13263 420618 171658 248960 4109 3347 43569 50000 60047 161072 87888 SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE FOUNDATION USED THE FOLLOWING FUNDRAISERS FOR THE CURRENT TAX YEAR: THERE WILL BE NO GROSS RECEIPTS GENERATED FOR BENTZ WHALEY FLESSNER AND ASSOCIATES, SUSAN SHULLAW & ASSOCIATES, THOMAS MITCHELL AND ASSOCIATES, ADVANCEMENT RESOURCES LLC, AND THE FREMONT GROUP SINCE THESE VENDORS ARE PROVIDING RESEARCH SUPPORT AND/OR CONSULTING SERVICES TO THE FOUNDATION'S DEVELOPMENT OFFICE REGARDING SOLICITATION STRATEGIES. IN ADDITION TO PROFESSIONAL FEE EXPENSES PAID TO BENZT WHALEY FLESSNER AND ASSOCIATES, SUSAN SHULLAW & ASSOCIATES, AND RUFFALO NEL LEVITZ, THE FOUNDATION REIMBURSED THE COMPANIES $28,372, $1,514 AND $6,322 RESPECTIVELY. THIS WAS FOR BUSINESS TRAVEL AND INCIDENTAL EXPENSES IN ACCORDANCE WITH THE CONTRACTS. PART II - DIRECT EXPENSES - EVENT #2 THE FOOTBAL KICKCKOFF LUNCHEON, ONE OF THE TOP FUNDRAISING EVENTS, WAS HELD BY ATHLETICS AND THE EXPENSES RELATED TO THESE EVENTS WERE INCURRED BY ATHLETICS DIRECTLY AND HENCE NONE WERE REPORTED BY UCFF. 0 UNIVERSITY OF CENTRAL FLORIDA 4000 CENTRAL FLORIDA BLVD ORLANDO FL 32816 592924021 501(C)(3) 9079345 FUNDING FOR PROGRAMS & SCHOLARSHIPS UCF GOLDEN KNIGHTS CORPORATION INC PO BOX 163555 ORLANDO FL 32826 203794571 501(C)(3) 3560839 ATHLETIC STADIUM SUPPORT UCF CONVOCATION CORPORATION INC 4000 CENTRAL FLORIDA BLVD ORLANDO FL 32816 161733312 501(C)(3) 977248 CONVOCATION CENTER SUPPORT UCF ATHLETIC ASSOCIATION INC PO BOX 163555 ORLANDO FL 32826 592334448 501(C)(3) 2689988 ATHLETIC SCHOLARSHIP & PROGRAM SUPPORT UNIVERSITY CENTRAL FLORIDA RESEARCH FOUNDATION 12201 RESEARCH PARKWAY ORLANDO FL 32826 593086453 501(C)(3) 112601 RESEARCH ACTIVITY SUPPORT 5 0 BOOKS FOR STUDENTS 1400 9702 PURCHASE PRICE BOOKS FOR STUDENTS TRAVEL & REGISTRATION PAYMENTS FOR VARIOUS STUDENTS 385 66267 PURCHASE PRICE TRAVEL/REGISTRATION TICKETS, CLOTHES, MEALS AND MISC FOR STUDENTS 805 12532 PURCHASE PRICE TICKETS/CLOTHES/MEAL OTHERS 6 6000 CASH AWARD EDUCATIONAL EQUIPMENT AND SUPPLIES 86 426 PURCHASE PRICE EQUIPMENT/SUPPLIES PART I, LINE 2: DESCRIPTION OF ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANTS: THE FOUNDATION MAINTAINS THE APPROVED EXPENDITURE REQUEST WHICH SUBSTANTIATES THE GRANT AMOUNTS PROVIDED TO THE RECIPIENTS. THE FOUNDATION MAINTAINS DONOR INFORMATION, RELATED CONTRIBUTION DOCUMENTATION, AND ANY DONOR RESTRICTIONS OUTLINED BY THE DONOR INCLUDING SCHOLARSHIP CRITERIA. THE GRANTS ARE MADE TO THE UNIVERSITY OR UNIVERSITY AFFILIATED ENTITIES AND THE FOUNDATION RELIES ON THE POLICIES, PROCEDURES, AND CONTROLS ESTABLISHED BY THESE ENTITIES FOR EXPENDITURE TRACKING AND PROPER ADMINISTRATION OF THE GRANTS FOR SCHOLARSHIP AWARDS. X X X 1 1 X 0 0 0 0 0 0 0 0 0 ROBERT J HOLMES JR (THRU 5/31/15) FORMER CEO 253409 0 37055 0 10677 0 19362 0 19321 0 339824 0 0 0 BEN MCMAHAN CHIEF OPERATING OFFICER 194668 0 0 0 0 0 14691 0 17049 0 226408 0 0 0 AJ BERT FRANCIS II CHIEF FINANCIAL OFFICER 159588 0 0 0 286 0 5819 0 9348 0 175041 0 0 0 JOYCE HENCKLER CHIEF DEVELOPMENT OFFICER 195117 0 0 0 8160 0 14733 0 17948 0 235958 0 0 0 THOMAS MESSINA ASSOC VP ALUMNI RELATIONS 152436 0 0 0 8304 0 11648 0 17641 0 190029 0 0 0 ANNE BOTTERI ASSISTANT VP COMMUNICATIONS 145845 0 0 0 0 0 11142 0 9490 0 166477 0 0 0 KARA FLEHARTY SCHULTZ ASSISTANT VP DEVELOPMENT 138902 0 0 0 8160 0 11356 0 27902 0 186320 0 0 0 RANDALL MCKEY SENIOR DIRECTOR OF DEVELOP 118744 0 0 0 3600 0 9218 0 19132 0 150694 0 0 0 PART I, LINE 1A SUPPLEMENTAL COMPENSATION INFORMATION - 1. FIRST-CLASS OR CHARTER TRAVEL - FIRST CLASS TRAVEL PROVIDED TO THE PRESIDENT OF THE UNIVERSITY FOR HEALTH REASONS AND TO ACCOMODATE PREPARATION FOR MEETINGS. CHARTER FLIGHTS ARE PROVIDED FOR THE PRESIDENT AND OTHER EXECUTIVE LEADERSHIP TO TRAVEL TOGETHER AND SUFFICIENTLY PREPARE EN ROUTE TO MEETINGS. 2. TAX INDEMNIFICATION AND GROSS UP PAYMENTS - FOR VARIOUS UNIVERSITY EMPLOYEES, THE FOUNDATION MADE SUPPLEMENT PAYMENTS WHICH INCLUDED GROSSED-UP AMOUNTS FOR TAX PURPOSES. THE TOTAL GROSSED-UP AMOUNTS WERE INCLUDED IN THE EMPLOYEES' REPORTABLE TAXABLE COMPENSATION. 3. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES - THE FOUNDATION PROVIDES CERTAIN SOCIAL CLUB MEMBERSHIPS FOR FUNDRAISING, DONOR CULTIVATION, OR OTHER BUSINESS PURPOSES. THE PERSONAL PORTION OF THE MEMBERSHIPS IS INCLUDED IN THE INDIVIDUALS' TAXABLE COMPENSATION. PART I, LINE 7 THE UNIVERSITY PAYS CERTAIN EXECUTIVES BONUSES DETERMINED BASED ON PERFORMANCE GOALS RELATED TO QUALITY OF EDUCATION, INSTITUTIONAL GROWTH AND FUNDRAISING. SCHEDULE J, PART II 1. ALL EMPLOYEES LISTED IN SCHEDULE J ARE EMPLOYEES OF THE UNIVERSITY OF CENTRAL FLORIDA, WHICH HAS BEEN DETERMINED TO BE AN UNRELATED ORGANIZATION FOR PURPOSES OF 990 REPORTING. 2. DURING THE FISCAL YEAR, THE FOUNDATION PAID $649,011 TO THE UNIVERSITY RELATED TO COMPENSATION FOR DR. JOHN HITT, UCF PRESIDENT. IN ADDITION, THE FOUNDATION PAID FOR OTHER BENEFITS SUCH AS MEMBERSHIPS AND AN AUTOMOBILE LEASE WHICH WERE REPORTED TO UCF PAYROLL. A UNIVERSITY OF CENTRAL FLORIDA FOUNDATION INC 596211832 2008-12-30 10400000 REFUND PRIOR ISSUE 2008 0 0 0 B UNIVERSITY OF CENTRAL FLORIDA FOUNDATION INC 596211832 2009-12-17 12540000 REFUND PRIOR ISSUE 2009 0 0 0 A 1640000 10400000 2008 1 0 1 1 B 12433674 106326 2009 1 0 1 1 A 0 1 0 1 1 0.00940 0.00940 0 0 0 B 0 1 0 1 1 0.02450 0.02450 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 DR JOHN HITT EX-OFF DIR OF UCFF 509417 SUNTRUST ORLANDO - BOARD OF DIRECTOR (SEE SCHEDULE O) 0 PART IV DR HITT IS A DIRECTOR OF SUNTRUST, CENTRAL FLORIDA. THE UCF FOUNDATION PREVIOUSLY OBTAINED SEVERAL REAL ESTATE LOANS FROM SUNTRUST BANKS AND MADE PRINCIPAL AND INTEREST PAYMENTS DURING THE CURRENT YEAR TO SUNTRUST BANKS FOR THESE LOANS. IN ADDITION, THE UCF FOUNDATION HAS MADE PAYMENTS TO SUNTRUST BANKS FOR CUSTODIAL SERVICES RELATED TO THE FOUNDATION'S INVESTMENTS. X 3 0 X 0 X 0 X 26 300890 FMV WHEN RECEIVED X EQUIPMENT 19 0 X SUPPLIES 6 0 X MISCELLANEOUS 13 0 4 0 1 1 PART I, LINE 32B: USE OF THIRD PARTY TO SELL NONCASH CONTRIBUTIONS. THE FOUNDATION INSTRUCTS SUNTRUST, AS CUSTODIAN OF ITS INVESTMENTS, TO SELL ANY STOCK GIFTS RECEIVED BY THE FOUNDATION. STOCKS ARE VALUED AT THE AVERAGE OF THE HIGH AND LOW MARKET PRICE ON THE DAY OF RECEIPT. PART I, TYPES OF PROPERTY LINE 1 ART-WORKS OF ART, LINE 4 BOOKS AND PUBLICATION, LINE 5 CLOTHING AND HOUSEHOLD GOODS, LINE 18 COLLECTIBLES, LINE 23 SCIENTIFIC SPECIMENS, LINE 25 FURNITURE/EQUIPMENT AND LINE 26 SUPPLIES: THE FOUNDATION RECEIVED SEVERAL DONOR GIFT IN KIND CONTRIBUTIONS DURING THE YEAR. THESE GIFTS IN KIND PASSED THROUGH THE FOUNDATION TO THE UNIVERSITY AND ARE NOT INCLUDED IN THE FOUNDATION'S REVENUE BECAUSE THE FOUNDATION SERVES ONLY AS AN AGENT FOR THE UNIVERSITY. FORM 990, PART V, LINE 2A NUMBER OF EMPLOYEES REPORTED ON FORM W3: ALL EMPLOYEES ARE UNIVERSITY OF CENTRAL FLORIDA EMPLOYEES; THEREFORE, THE UNIVERSITY OF CENTRAL FLORIDA ADMINISTERS THE EMPLOYEE COMPENSATION AND HUMAN RESOURCE PROCESS. FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING BOARD OF DIRECTORS HAVE BUSINESS RELATIONSHIPS: RITA ADLER HAS A BUSINESS RELATIONSHIP WITH RICHARD WALSH. BEN MCMAHAN HAS A BUSINESS RELATIONSHIP WITH JAMES W. FERRELL. FORM 990, PART VI, SECTION B, LINE 11 THE FOLLOWING IS THE REVIEW AND DISTRIBUTION PROCESS FOR THE FOUNDATION'S ANNUAL FORM 990. THIS PROCESS SHALL BE FOLLOWED EACH YEAR PRIOR TO FILING THESE DOCUMENTS WITH THE IRS. 1. THE CFO AND CEO SHALL REVIEW BOTH THE FORM 990 AND THE FORM 990-T AND RESOLVE ANY OUTSTANDING ISSUES OR QUESTIONS WITH THE INDEPENDENT ACCOUNTING FIRM REVIEWING OR PREPARING THE FORMS BEFORE DISTRIBUTION TO THE AUDIT COMMITTEE OR THE BOARD. IT IS THE CFO'S AND CEO'S RESPONSIBILITY TO CONFIRM THAT THESE FORMS DO NOT CONTAIN ANY UNTRUE STATEMENTS OR OMIT ANY MATERIAL FACTS AS WELL AS ENSURE THE FINANCIAL INFORMATION FAIRLY REPRESENTS THE FOUNDATION'S FINANCIAL CONDITION FOR THE PERIOD BEING REPORTED. 2. THE AUDIT COMMITTEE SHALL REVIEW THE DRAFT FORM 990 PRIOR TO FILING WITH THE IRS AND SHALL DOCUMENT THEIR DISCUSSION AND REVIEW OF THE DOCUMENTS IN THE COMMITTEE MEETING MINUTES. FINAL REVIEW OF THE FORM 990 IS SPECIFICALLY DELEGATED TO THE AUDIT COMMITTEE AND NO FURTHER REVIEW SHALL BE REQUIRED BEFORE SUCH FORMS ARE FILED WITH THE IRS. 3. THE DRAFT FORM 990 SHALL BE PROVIDED TO EACH VOTING BOARD MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. DISTRIBUTION MAY BE IN THE FORM OF ELECTRONIC MAIL, NOTIFICATION LINK TO AN ELECTRONIC WEBSITE, OR ACTUAL MAILING OF THE DOCUMENT. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS, OFFICERS, COMMITTEE MEMBERS AND KEY EMPLOYEES SHALL BE REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE FORM. THIS ANNUAL DISCLOSURE FORM WILL REQUEST SPECIFIC INFORMATION REGARDING THE TERMS OF ANY CONTRACT OR TRANSACTION WITH THE FOUNDATION AND WHETHER PROCESS FOR APPROVAL SET FORTH IN THIS POLICY WAS USED. AN INTERESTED PERSON WHO HAS OR LEARNS ABOUT A POTENTIAL CONFLICT SHOULD DISCLOSE PROMPTLY TO THE CHAIR OF THE BOARD DUE DILIGENCE COMMITTEE AND THE FOUNDATION'S CFO THE MATERIAL FACTS SURROUNDING ANY POTENTIAL CONFLICT OF INTEREST, INCLUDING SPECIFIC INFORMATION CONCERNING THE TERMS OF ANY CONTRACT OR TRANSACTION WITH THE FOUNDATION. ALL EFFORTS SHOULD BE MADE TO DISCLOSE ANY SUCH CONTRACT OR TRANSACTION AND HAVE IT APPROVED BY THE COMMITTEE BEFORE THE ARRANGEMENT IS ENTERED INTO. FOLLOWING RECEIPT OF INFORMATION CONCERNING A CONTRACT OR TRANSACTION INVOLVING A POTENTIAL CONFLICT OF INTEREST, THE BOARD DUE DILIGENCE COMMITTEE SHALL CONSIDER THE MATERIAL FACTS CONCERNING THE PROPOSED CONTRACT OR TRANSACTION, INCLUDING THE PROCESS BY WHICH THE DECISION WAS MADE TO RECOMMEND ENTERING INTO THE ARRANGEMENT ON THE TERMS PROPOSED. THE COMMITTEE SHALL APPROVE ONLY THOSE CONTRACTS OR TRANSACTIONS IN WHICH THE TERMS ARE FAIR AND REASONABLE TO THE FOUNDATION AND THE ARRANGEMENT IS CONSISTENT WITH THE BEST INTEREST OF THE FOUNDATION. FAIRNESS INCLUDES, BUT IS NOT LIMITED TO, THE CONCEPTS THAT THE FOUNDATION SHOULD PAY NO MORE THAN FAIR MARKET VALUE FOR ANY GOODS OR SERVICES WHICH THE FOUNDATION RECEIVES AND THAT THE FOUNDATION SHOULD RECEIVE FAIR MARKET VALUE CONSIDERATION FOR ANY GOODS OR SERVICES THAT IT FURNISHES OTHERS. WHEN AN INTERESTED PERSON BECOMES AWARE OF A PROPOSED CONFLICT OF INTEREST TRANSACTION, HE OR SHE WILL HAVE A DUTY TO TAKE THE FOLLOWING ACTIONS: (A) IMMEDIATELY DISCLOSE THE EXISTENCE AND CIRCUMSTANCES OF SUCH CONFLICT OF INTEREST TRANSACTION TO THE CHAIR OF THE DUE DILIGENCE COMMITTEE AND TO THE FOUNDATION'S CFO; (B) REFRAIN FROM USING HIS OR HER PERSONAL INFLUENCE TO ENCOURAGE THE FOUNDATION TO ENTER INTO THE CONFLICT OF INTEREST TRANSACTION; (C) AND PHYSICALLY RECUSE THEMSELVES FROM PARTICIPATION IN ANY DISCUSSIONS REGARDING THE CONFLICT OF INTEREST TRANSACTION WITH OFFICIALS OF THE FOUNDATION, AT MEETINGS OF THE BOARD OF DIRECTORS, AND WITH OTHER MEMBERS OF THE FOUNDATION COMMUNITY, EXCEPT TO RESPOND TO REQUESTS FOR INFORMATION ABOUT THE CONFLICT OF INTEREST TRANSACTION. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE OR SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF THE VOTE ON THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY HUMAN RESOURCES DEPARTMENT REVIEWS COMPARABLE SALARY DATA. MARKET DATA FROM SALARY SURVEY SOURCES IS USED TO ASSIGN AN ACCURATE VALUE TO THE POSITION IN THE EXTERNAL LABOR MARKET. SURVEY MATCHES ARE BASED ON THE PRIMARY DUTIES OF THE POSITION. THE SURVEY DATA PROVIDES SALARY AND DEMOGRAPHIC DATA FOR SELECTED POSITIONS NATIONWIDE AND IS REPORTED IN A STATISTICAL FORMAT INDICATING THE AVERAGE AND MEDIAN SALARIES AND ADDITIONAL PERCENTILES (I.E. 25TH, 75TH). THE UNIVERSITY HR DEPARTMENT REVIEWS COMPARABLE SURVEY DATA WHEN AN EMPLOYEE IS HIRED OR PROMOTED. IN ADDITION TO THE STEPS MENTIONED ABOVE, THE FOUNDATION CEO'S COMPENSATION, INCLUDING ANY SALARY INCREASE, IS REVIEWED AND APPROVED BY THE UNIVERSITY PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE PUBLISHED ON THE FOUNDATION'S WEBSITE, THE POLICY IQ SOFTWARE, OR AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN IRC SECTION 6104(D). FORM 990, PART VII, SECTION A UCF HIRED A NEW CEO MICHAEL J. MORSEBERGER, EFFECTIVE 6/1/2015. SINCE HE WAS NOT A UCF EMPLOYEE IN CALENDAR YEAR 2014, HE DID NOT RECEIVE A 2014 W-2, WHICH IS THE TAX DOCUMENT REQUIRED TO BE USED FOR EMPLOYEE COMPENSATION ON SCHEDULE J, NO COMPENSATION IS REPORTED FOR HIM IN THIS SECTION. ROBERT HOLMES WAS THE CEO OF THE FOUNDATION UP TO 5/31/2015. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE TO EITHER THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. FORM 990, PART VIII, LINE 7 AND PART XI, LINE 5 DURING THE YEAR, THE UCF FOUNDATION CHANGED INVESTMENT MANAGERS. AS A RESULT OF THE CHANGE, THE FOUNDATION SOLD A MAJOR PORTION OF ITS INVESTMENTS AND REINVESTED THE PROCEEDS INTO NEW INVESTMENTS. THIS TRANSACTION RESULTING IN AN UNUSUALLY HIGH REALIZED GAIN ON SALE OF SECURITIES AND UNREALIZED LOSS ON THE SECURITIES, THAT WAS RECORDED FOR THE YEAR. DUE TO THE CASH BASIS NATURE OF INFORMATION REPORTED ON THE TAX RETURN, ONLY THE REALIZED GAIN IS INCLUDED IN THE REVENUE AND RECEIPTS AND THE UNREALIZED LOSS IS A RECONCILING ITEM IN PART XI OF THE FORM 990. AS REPORTED IN THE AUDITED FINANCIAL STATEMENTS, THE TOTAL NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS FRO THE FISCAL YEAR ENDED 06/30/15 WAS ($632,536). THIS TOTAL IS BROKEN DOWN AS FOLLOWS: REALIZED GAIN FROM SALE OF INVESTMENTS $33,048,010 UNREALIZED LOSSED ON INVESTMENTS (33,680,546) ----------- NET REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS $ (632,536) FORM 990, HEADING ITEM G TOTAL GROSS RECEIPTS FOR THE FISCAL YEAR IS MADE UP OF THE FOLLOWING: CONTRIBUTION, GIFTS, AND GRANTS $ 29,500,099 PROGRAM REVENUES 2,829,540 INVESTMENT INCOME 2,277,390 ROYALTIES 282,070 GROSS RENTS 9,784,455 GROSS PROCEEDS FROM SALES OF INVESTMENTS 146,968,414 GROSS INCOME FROM FUNDRAISING 282,589 GROSS SALES OF INVENTORY 17,914 ADVERTISING REVENUE 32,049 MISCELLANEOUS REVENUE 1,277 ------------ TOTAL GROSS RECEIPTS $191,975,797 UNIVERSITY OF CENTRAL FLORIDA REAL ESTATE FOUNDATION LLC 12424 RESEARCH PRKY STE 140 ORLANDO FL 32826 596211832 REAL ESTATE FL 0 34702203 N/A KNIGHTS KROSSING STUDENT HOUSING LLC 12424 RESEARCH PRKY STE 140 ORLANDO FL 32826 596211832 REAL ESTATE FL 0 9733000 N/A