2016-05-05T10:09:30-07:00 2015-06-30 990 2014-07-01 311145986 OHIO STATE UNIVERSITY FOUNDATION OHIO 6142922141 1480 W Lane Ave Columbus OH 43221 Michael Papadakis Assistant Treasurer 6142928520 2016-05-05 2014 2016-08-17 19:52:53Z Michael C Eicher 1480 W Lane Ave Columbus OH 43221 242346105 0 X www.osu.edu/giving X 1985 OH The Foundation raises funds, manages endowments, and manages planned gifts for the benefit of The Ohio State University. 49 49 0 2617 0 0 192266129 222223332 0 0 16278015 18489558 1477843 1633215 210021987 242346105 0 0 0 0 1507591 1380936 0 0 3653805 189074654 216860305 190582245 218241241 19439742 24104864 876277712 922267918 42099822 43987777 834177890 878280141 The Foundation raises funds, manages endowments, and manages planned gifts for the benefit of The Ohio State University. 0 0 189684215 0 0 Distributions to The Ohio State University 1631768 0 0 Distributions to Gift Annuitants 162316 0 0 Distribution of matured Gift Annuities to The Ohio State University 6017811 0 0 Trust distribution outside The Ohio State University. 6017811 0 0 197496110 1 1 0 0 0 1 0 0 0 1 1 1 0 0 1 0 1 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 1 X 268 0 1 0 1 1 0 0 0 0 1 1 1 1 0 0 0 X 49 49 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X Julie L Saunders 6142927458 2020 Blankenship Hall 901 Woody Hayes Drive Columbus OH 432104016 William E Arthur Board of Directors 0.25 0 X 0 0 0 Patricia E Aveni Board of Directors 0.25 0 X 0 0 0 Janis Block Board of Directors 0.25 0 X 0 0 0 Michael H Carpenter Board of Directors 0.25 0 X 0 0 0 ChihMing Chen Board of Directors 0.25 0 X 0 0 0 Loann Crane Board of Directors 0.25 0 X 0 0 0 Tanny B Crane Board of Directors and Officer 0.5 0 X X 0 0 0 Phylllis A Cummins Board of Directors 0.25 0 X 0 0 0 Walter E Dennis Jr Board of Directors 0.25 0 X 0 0 0 James F Dietz Board of Directors 0.25 0 X 0 0 0 Ruann F Ernst Board of Directors 0.25 0 X 0 0 0 Jane Fawcett Hoover Board of Directors 0.25 0 X 0 0 0 Barbara K Fergus Board of Directors 0.25 0 X 0 0 0 John B Gerlach Jr Board of Directors 0.25 0 X 0 0 0 Elizabeth B Germain Board of Directors 0.25 0 X 0 0 0 John C Gray Board of Directors 0.25 0 X 0 0 0 Ray J Groves Board of Directors 0.25 0 X 0 0 0 Edward E Hagenlocker Board of Directors 0.25 0 X 0 0 0 Jole R Harmon Board of Directors 0.25 0 X 0 0 0 Robert Hummel Board of Directors 0.25 0 X 0 0 0 Keith B Key Board of Directors 0.25 0 X 0 0 0 Charles Klatskin Board of Directors 0.25 0 X 0 0 0 James D Klingbeil Board of Directors 0.25 0 X 0 0 0 William G Lowrie Board of Directors and Officer 0.5 0 X X 0 0 0 Stephen G Mehallis Board of Directors 0.25 0 X 0 0 0 Keith D Monda Board of Directors and Officer 0.5 0 X X 0 0 0 Lou Ann Moritz Ransom Board of Directors 0.25 0 X 0 0 0 Martin C Murrer Board of Directors 0.25 0 X 0 0 0 Edwin L Overmyer Board of Directors 0.25 0 X 0 0 0 W Ray Persons Board of Directors and Officer 0.5 0 X X 0 0 0 Floradelle A Pfahl Board of Directors 0.25 0 X 0 0 0 Carter G Phillips Board of Directors 0.25 0 X 0 0 0 David A Rismiller Board of Directors 0.25 0 X 0 0 0 Ralph R Rockow Board of Directors 0.25 0 X 0 0 0 Robert H Schottenstein Board of Directors 0.25 0 X 0 0 0 Susan Schottenstein Diamond Board of Directors 0.25 0 X 0 0 0 Barbara C Trueman Board of Directors 0.25 0 X 0 0 0 Daniel J Wampler Board of Directors and Officer 0.5 0 X X 0 0 0 Gifford Weary Board of Directors 0.25 0 X 0 0 0 Robert J Weiler Board of Directors 0.25 0 X 0 0 0 William D Wells Board of Directors 0.25 0 X 0 0 0 Alec Wightman Board of Directors 0.25 0 X 0 0 0 Iris S Wolstein Board of Directors 0.25 0 X 0 0 0 Robert L Wright Board of Directors 0.25 0 X 0 0 0 Michael V Drake Ex Officio Director 0.5 0 X 0 0 0 Michael C Eicher Ex Officio Director and Officer 50 0 X X 0 0 0 Archie Griffin Ex Officio Director 0.25 0 X 0 0 0 John C Lane Ex Officio Director 0.25 0 X 0 0 0 David C Manderscheid Ex Officio Director 0.25 0 X 0 0 0 Joseph E Steinmetz Ex Officio Director 0.25 0 X 0 0 0 Suzanne R Galyardt Officer 0.25 0 X 0 0 0 Michael Papadakis Officer 0.25 0 X 0 0 0 Douglas Ulman President and CEO - Pelotonia 50 0 X 127846 0 0 Kelley Griesmer COO - Pelotonia 50 0 X 255728 0 18577 Thomas Lennox Former CEO - Pelotonia 0 0 X 232866 0 4098 616440 0 22675 3 1 1 0 AVI Foodsystems Inc 6465 Busch Blvd Columbus OH 43229 Food service 377643 Live Technologies 3445 Millennium Court Columbus OH 43219 Concert Audio and Visual 113530 Thomas D Lennox 16 New Albany Farms Road New Albany OH 43054 Management Services 200730 3 0 0 28066937 0 0 194156395 18580446 222223332 0 18489558 18489558 0 0 0 0 0 0 0 0 0 0 0 0 0 0 28066937 Pelotonia registration fees 900099 854812 854812 0 0 Reimbursement agreement 900099 320000 320000 0 0 Gain on cash surrender value of life insurance policies 524292 100303 100303 0 0 358100 358100 0 0 1633215 242346105 20122773 0 0 0 1323309 161494 1161815 57627 57627 211076 211076 7247 7247 110320 71920 38400 15260272 15260272 33588 33588 382612 382612 261291 770 260521 88428 11811 76617 87207 12547 74660 127096 127096 242287 242287 Distributions to The Ohio State University, gift annuitants and remainderman 191478299 191478299 0 0 Trust distribution outside The Ohio State University 6017811 6017811 0 0 Provision for uncollectible pledges 1270398 0 1270398 0 Event expenses 1274211 0 0 1274211 8162 0 2200 5962 218241241 197496110 17091326 3653805 3684676 3277377 0 0 94507614 102029477 7450209 8368834 8720191 2262481 6045803 6457710 205046449 224007092 559474727 578054498 68234 72930 876277712 922267918 194261 129099 6130186 15176602 35775375 28682076 42099822 43987777 X 15152906 15176429 156931244 148446965 662093740 714656747 834177890 878280141 876277712 922267918 X 24104864 12045909 0 0 0 7951478 X 1 X 1 X 1 0 X 106069881 199861519 218861008 192266129 222223332 939281869 0 0 0 0 0 0 0 0 0 0 0 0 106069881 199861519 218861008 192266129 222223332 939281869 939281869 22844543 11266573 12390843 16342005 18553548 81397512 1020679381 0.92025 0.90471 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 4 0 24577 0 51605 0 1201299 1 1 710961474 58771147 31391011 0 28705174 15260272 757158186 589702215 51730551 110406299 0 26851227 14026364 710961474 500824488 58066801 69080552 0 25942143 12327483 589702215 484426575 43892883 8152215 0 23080758 12566427 500824488 410819592 34431202 72782643 0 21818530 11788332 484426575 0 0.9834 0.0166 0 0 0 0 0 0 5219174 1777097 3442077 0 0 0 0 0 0 0 0 2692120 808897 485384 3015633 6457710 Investment Partnerships 576768594 F Life Insurance Policies 1285904 F 578054498 0 Obligation and Reserve for Gift Annuity 13296807 Charitable Remainder Trust Liabilities 15229760 Due to The Ohio State University 155509 28682076 262343492 12045909 0 0 7951478 19997387 242346105 0 0 0 242346105 218241241 0 0 0 0 0 218241241 0 0 0 218241241 Schedule D, Part V, Line 4 To permanently enhance The Ohio State University and its programs. Schedule D, Part XI, Line 2d Includes gift annuity reserve adjustment of $850,893 and charitable remainder trust income of $7,100,585. Pelotonia which is a bicycle tour to benefit cancer research 28066937 0 28066937 0 0 165642 413931 0 694638 0 0 28066937 0 28066937 0 0 165642 413931 0 694638 1274211 26792726 X X X 0 0 0 0 0 0 0 1 1 1 Douglas Ulman President and CEO - Pelotonia 0 53846 0 74000 0 0 0 0 0 0 0 127846 0 0 Kelley Griesmer COO - Pelotonia 0 150728 0 105000 0 0 0 4094 0 14483 0 274305 0 0 Thomas Lennox Former CEO - Pelotonia 0 32136 0 0 0 200730 0 2706 0 1392 0 236964 0 0 Schedule J, Part I, Line 7 Bonuses are determined by the Pelotonia Board based upon its evaluation of Pelotonia's performance. Schedule J, Part I, Line 8 Douglas Ulman was hired as Pelotonia's President and CEO pursuant to a new contract. The rebuttable presumption procedure was followed. X 48 0 n/a X 0 n/a X 0 n/a X 885 17915446 average high/low X 2 665000 appraised value X 54 0 n/a X 126 0 n/a X Equipment & Supplies 105 0 n/a X Flowers & Plants 30 0 n/a X Cards/Certificates 50 0 n/a X Miscellaneous 74 0 n/a 12 0 1 1 Schedule M, Part I, Line 32b The Foundation engages third parties to sell non-cash contributions. It uses the services of a brokerage firm to sell securities and real estate agents to sell gifts of property. Schedule M, Part I, Line 33 Per current accounting practice the Foundation does not report revenue of these in-kind gifts. Form 990, Part IV, Line 18 For Pelotonia LLC, the disregarded entity reported in Schedule R, the majority of gross fundraising income is comprised of (1) the operating funds pledged by the corporate funding partners, (2) the registration fees paid by the riders and (3) the donations raised by Pelotonia's riders, virtual riders and volunteers. With regard to the first category, the corporate funding partners underwrite Pelotonia's annual operating expenses, including all staff, office and event costs as well as all of the costs of processing the donations raised by the riders, virtual riders and volunteers. Often these corporate funding partners make a multi-year pledge to underwrite operating expenses each year for a designated number of years; however the total amount of the multi-year pledge is booked on an accrual basis and held as a receivable. With regard to the second category, riders pay non-tax deductible registration fees that are also used to defray Pelotonia's operating costs. With regard to the third category, riders and virtual riders each agree to a minimum fundraising commitment that is satisfied through donations received by or made by the riders and virtual riders. These donations are deposited and maintained in an account that is entirely separate from Pelotonia's operating account and 100% of these donations are transferred to The Ohio State University Foundation to be directed to cancer research at The Ohio State University Comprehensive Cancer Center and James Cancer Hospital. Because Pelotonia's fundraising period for each of its events starts in December of one year and ends in November of the next year, the donations reported on the 990 in any particular fiscal year actually represent donations raised for two different Pelotonia events - i.e. donations for the event that was ongoing between July and November of a particular year and the donations for the event that was ongoing between December and June of the next year. Form 990, Part IV, Line 34 As noted in part 1, Line 1, the organization is operated for the benefit of The Ohio State University; however based on the definition of "related" in the instructions to the Form 990, the organization and the Ohio State University are not related. The organization is not a supporting organization under IRC 509(a)(3). It maintains its public charity status under IRC 509(a)(1). Also, the University does not appoint a majority of the organziation's directors. All of the information in schedule R or in other parts of the Form 990 for related organizations is available from The Ohio State University upon request. Form 990, Part V, Line 1a The organization paid no contractors. The contractors used in Section B on Part VI were paid by Pelotonia, the disregarded entity listed in Schedule R. Form 990, Part V, Line 2a The organization has no employees. For Pelotonia LLC, the disregarded entity reported in Schedule R, the employees are contracted for through Sequent so no W-2's are reported. Form 990, Part VI, Section A, Line 2 Robert Schottenstein and Susan Schottenstein Diamond are cousins. Loann Crane is Tanny Crane's mother; Tanny Crane and John Gerlach serve on the same business board. Form 990, Part VI, Section B, Line 11b Before the Form 990 is filed, it is reviewed by the Audit Committee of the Board. Prior to being filed the Form 990 is made available to all board members for comments. Form 990, Part VI, Section B, Line 12c Board members are required to complete a conflict of interest questionnaire annually. Staff members follow up on any conflicts disclosed on the questionnaires. Any conflicts not resolved by staff are presented to the Audit Committee for resolution. Form 990, Part VI, Section B, Line 15 The Board of Pelotonia, the disregarded entity reported in Schedule R, gathered comparability data and reviewed that data prior to determining the total compensation of the key employees. The key employees are not Board members of the organization or Pelotonia. Compensation discussions were held in executive session of the Pelotonia Board and documented. Form 990, Part VI, Section C, Line 19 The governing documents, conflict of interest policy, and financial statements are available upon request. Form 990, Part XI, Line 9 Includes gift annuity reserve adjustment of $850,893 and charitable remainder trusts income of $7,100,585. Clifton Holdings LLC c/o Jack Lucks Jr 150 E Broad Street Columbus OH 43215 311145986 Owner of real property located in Bexley, Ohio OH 90000 3770337 N/A Pelotonia LLC Formerly known as NetJames Holdings LLC 351 W Nationwide Blvd Columbus OH 43215 311145986 Operation and administration of annual bicycling fundraising events to support cancer research OH 29271261 18225263 N/A