2015-02-24T10:55:31-06:00 2014-06-30 201941244 HORNE LLP 1020 HIGHLAND COLONY PKWY STE 400 RIDGELAND MS 39157 990 2013-07-01 640929171 UNIVERSITY OF SOUTHERN MISSISSIPPI ATHLETIC FOUNDATION UNIV 6012665017 118 COLLEGE DRIVE 5017 HATTIESBURG MS 39406 CHRISTI HOLLOWAY CFO 6012665017 2015-02-18 1 AMY WILSON SMITHCPA P01612501 6013261000 2015-02-18 2013 2016-02-25 16:41:14Z CHRISTI HOLLOWAY 118 COLLEGE DRIVE 5017 HATTIESBURG MS 39406 7174065 0 X N/A X 2000 MS THE MISSION OF THE ATHLETIC FOUNDATION IS TO PROVIDE FINANCIAL SUPPORT TO THE UNIVERSITY OF SOUTHERN MISSISSIPPI ATHLETIC PROGRAM. 32 31 0 14 0 0 8842444 5541942 0 0 320358 353303 -55409 -69400 9107393 5825845 4811430 3625883 0 0 386082 0 0 0 0 1758150 1473439 6955662 5099322 2151731 726523 13149271 13417657 9186864 8324690 3962407 5092967 THE MISSION OF THE ATHLETIC FOUNDATION IS TO PROVIDE FINANCIAL SUPPORT TO THE UNIVERSITY OF SOUTHERN MISSISSIPPI ATHLETIC PROGRAM. 0 0 5062180 3625883 193133 ACTIVITIES SPONSORED BY THE ATHLETIC FOUNDATION TO BENEFIT THE ATHLETIC PROGRAM AND THE STUDENT ATHLETES. 5062180 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 X 32 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X CHRISTI HOLLOWAY CPACFO 6012665034 2907 WEST FOURTH STREET HATTIESBURG MS 39401 AL GORDY PRESIDENT 0.50 X X 0 0 0 MACK GRUBBS VICE PRESIDENT/PRESIDENT E 0.50 X X 0 0 0 GRANT DYESS SECRETARY 0.50 X X 0 0 0 LEIGH BREAL TREASURER 0.50 X X 0 0 0 BILL MCGILLIS CEO 40.00 X X 0 151709 29533 JEFF BOWER DIRECTOR 0.50 X 0 0 0 DR MIKE MOLLESTON DIRECTOR 0.50 X 0 0 0 DR CATHY SESSUMS DIRECTOR 0.50 X 0 0 0 CLARENCE WEATHERSPOON DIRECTOR 0.50 X 0 0 0 BILLY HEWES DIRECTOR 0.50 X 0 0 0 MISSY MCGEE DIRECTOR 0.50 X 0 0 0 RON SAVELL DIRECTOR 0.50 X 0 0 0 JIM WARREN DIRECTOR 0.50 X 0 0 0 LARRY DAVIS DIRECTOR 0.50 X 0 0 0 MIKE MARSHALL DIRECTOR 0.50 X 0 0 0 TODD MIXON DIRECTOR 0.50 X 0 0 0 JOHN POLK DIRECTOR 0.50 X 0 0 0 DR NANCY NEW DIRECTOR 0.50 X 0 0 0 WREN HOOD DIRECTOR 0.50 X 0 0 0 BRETT MCKENZIE DIRECTOR 0.50 X 0 0 0 JOE MCNULTY DIRECTOR 0.50 X 0 0 0 TOM MILAM DIRECTOR 0.50 X 0 0 0 RICHARD JOHNSTON DIRECTOR 0.50 X 0 0 0 KRANDALL HOWELL DIRECTOR 0.50 X 0 0 0 ROBERT C DEWS DIRECTOR 0.50 X 0 0 0 MICKEY HUDSON DIRECTOR 0.50 X 0 0 0 AUBREY COLLUM DIRECTOR 0.50 X 0 0 0 MIKE LANDRUM DIRECTOR 0.50 X 0 0 0 DR WAYNE ADKISON DIRECTOR 0.50 X 0 0 0 NICK WELCH DIRECTOR 0.50 X 0 0 0 VIC ROBERTS DIRECTOR 0.50 X 0 0 0 SPENCER ADAMS DIRECTOR 0.50 X 0 0 0 CHRISTI HOLLOWAY CFO 40.00 X 0 75284 18427 0 226993 47960 0 0 1 0 0 178065 5363877 191083 5541942 160170 160170 1471953 1278820 193133 193133 193133 0 178065 69400 -69400 -69400 5825845 193133 0 90770 2018734 2018734 1607149 1607149 4913 4913 15379 15379 22598 22598 26294 26294 52812 52812 118208 116766 1442 20017 20017 74049 74049 419121 419121 6603 6603 14012 3979 10033 BAD DEBT EXPENSE 296090 296090 REPAIRS & MAINT. 122064 122064 DONOR RELATIONS 92547 92547 TELEPHONE 63215 63215 125517 121832 3685 5099322 5062180 37142 0 3169544 1957893 341410 366706 4060168 3705804 390083 397645 69435 62832 5083065 6422554 35566 504223 13149271 13417657 290768 228907 3351800 3112327 5075166 4567652 469130 415804 9186864 8324690 X -5865299 -4905330 5426631 5328609 4401075 4669688 3962407 5092967 13149271 13417657 X 726523 313150 90887 X X 0 1 X 1 0 X 5366815 6109923 6257153 8568857 5541942 31844690 5366815 6109923 6257153 8568857 5541942 31844690 31844690 180797 152782 140810 151687 160170 786246 32630936 0.97590 0.97490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4982458 389633 500946 95983 0 47992 5729062 4478712 221147 368881 63920 3287 19075 4982458 4171249 314797 64383 52642 363 18712 4478712 3740015 55588 464175 51367 18980 18182 4171249 3394599 219059 166346 39989 3740015 0.81510 0.18490 0 0 0 INTEREST RATE SWAP 415804 415804 X 6903065 313150 657109 106961 1077220 5825845 0 5825845 5825831 657109 69400 726509 5099322 0 5099322 PART V, LINE 4: THE EARNINGS ARE USED TO PROVIDE ATHLETIC SCHOLARSHIPS. PART X, LINE 2: THE ATHLETIC FOUNDATION EVALUATES TAX POSITIONS TAKEN IN ACCORDANCE WITH ASC TOPIC 740. THE ATHLETIC FOUNDATION HAD NO SIGNIFICANT UNCERTAIN TAX POSITIONS AT JUNE 30, 2014 OR 2013. TAX PERIODS FOR ALL FISCAL YEARS AFTER 2010 REMAIN OPEN TO EXAMINATION BY THE FEDERAL AND STATE TAXING JURISDICTIONS TO WHICH THE ATHLETIC FOUNDATION IS SUBJECT. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 37,561. FUNDRAISING EXPENSES INCLUDED IN INCOME 69,400. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES INCLUDED IN INCOME 69,400. FOOTBALL GOLF FUNDRAISER 55600 55600 22254 BASEBALL GOLF FUNDRAISER 39565 39565 17500 4 82900 82900 29646 178065 178065 69400 69400 -69400 1 UNIVERSITY OF SOUTHERN MISSISSIPPI 118 COLLEGE DRIVE HATTIESBURG MS 390460001 646000818 GOVT 2018734 AFFILIATE SUPPORT 1 0 SCHOLARSHIPS FOR STUDENT ATHLETES AT UNIVERSITY OF SOUTHERN MISSISSIPPI 280 1607149 PART I, LINE 2: GRANTS ARE GIVEN IN THE FORM OF ATHLETIC SCHOLARSHIPS AND FOR THE BENEFIT OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI AND ITS ATHLETES. X 1 1 X X 0 0 0 0 0 0 0 0 0 BILL MCGILLIS CEO 0 151176 0 0 0 533 0 24545 0 4988 0 181242 0 0 A MS BUSINESS FINANCE CORP 640679130 2009-12-18 4000000 PAY OFF AN EXISTING NOTE PAYBLE, USED TO UPGRADE ATHLETIC FACILITIES AT USM 0 0 0 A 4000000 3077718 80000 842282 2009 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 1 1 BANCORPSOUTH BANK 10.000000000000 0 0 0 0 0 A 0 X IN KIND CONTR 29 191083 FAIR MARKET VALUE OF 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING, THE FORM 990 IS REVIEWED IN DETAIL BY THE CHIEF FINANCIAL OFFICER AND THE INDEPENDENT AUDITOR. IN ADDITION, A PRELIMINARY DRAFT OF THE FORM 990 IS PROVIDED TO THE PRESIDENT AND VICE PRESIDENT OF THE BOARD OF DIRECTORS AND EACH MEMBER OF THE FINANCE COMITTEE FOR HIS, OR HER, DETAILED REVIEW. BEFORE FILING, A DRAFT OF THE 990 IS ALSO PROVIDED TO EACH EXECUTIVE COMMITTEE MEMBER OF THE BOARD OF DIRECTORS FOR HIS, OR HER REVIEW. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, EACH DIRECTOR AND OFFICER IS PROVIDED A COPY OF THE CONFLICT OF INTEREST POLICY. THEY ARE ASKED TO REVIEW THE POLICY IN DETAIL. EACH DIRECTOR AND OFFICER MUST ACKNOWLEDGE THEIR UNDERSTANDING OF AND COMPLIANCE WITH THE POLICY BY SIGNING A STATEMENT WHICH STATES THIS. FORM 990, PART VI, SECTION B, LINE 15 THE INSTITUTE FOR HIGHER LEARNING (IHL) REVIEWS AND APPROVES THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER (CEO). THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AND THE CEO REVIEW AND APPROVE THE COMPENSATION OF THE CHIEF FINANCIAL OFFICER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND POLICIES, FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE ON-LINE AT WWW.SOUTHERNMISS.COM. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 37,561. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 53,326. FORM 990, PART XII, LINE 2C THE INDEPENDENT ACCOUNTANT SELECTION AND MONITORING PROCESS HAS NOT CHANGED FROM PRIOR YEAR. SCHEDULE M- NON-STANDARD CONTRIBUTIONS USM ATHLETIC FOUNDATION HAS A POLICY THAT ALL NON-STANDARD CONTRIBUTIONS ARE REVIEWED PRIOR TO ACCEPTANCE. ADDITIONALLY, THERE IS A FORMAL WRITTEN POLICY FOR REAL ESTATE CONTRIBUTIONS. UNIVERSITY OF SOUTHERN MISSISSIPPI 118 COLLEGE DRIVE HATTIESBURG MS 394060001 646000818 PUBLIC UNIVERSITY MS 501(C)(3) 170(B)(1)(A) (IV) N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1