2015-11-16T10:34:42-06:00 2014-12-31 721329383 J WALKER & COMPANY APC 2740 RUE DE JARDIN STE 100 LAKE CHARLES LA 706054051 990 2014-01-01 237052911 SOUTHERN UNIVERSITY SYSTEM FOUNDATION INC SOUT 2257713911 J S CLARK ADMINISTRATION BLDG 4 BATON ROUGE LA 70813 ALFRED E HARRELL III EXECUTIVE DIRECTOR 2257713911 2015-11-16 JONALD J WALKER III CPA P00849099 3374787902 2015-11-16 2014 2016-02-25 16:41:14Z ALFRED E HARRELL III PO BOX 9562 BATON ROUGE LA 70813 8405950 false X FOUNDATION.SUS.EDU X 1970 LA THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE THE EDUCATIONAL AND CULTURAL WELFARE OF SOUTHERN UNIVERSITY AND A&M COLLEGE SYSTEM AND TO PROVIDE ADDITIONAL RESOURCES FOR THE BENEFIT OF THE UNIVERSITY SYSTEM, TO ENCOURAGE, SOLICIT, RECEIVE, AND ADMINISTER GIFTS AND REQUESTS OF PROPERTY AND FUNDS FOR SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES, ALL FOR THE ADVANCEMENT OF THE SOUTHERN UNIVERSITY SYSTEM. 20 20 0 0 1769302 2754343 4680059 5018803 1185 -228408 67679 395088 6518225 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6836129 true true false false false false false false false false true false false false true true true false false false false false false false false false false false true false true false false false false false false false false false true false false false false false false false false false true 79 0 0 false false false false false true true false false false false false false X 20 20 false false false false false false false true true false false true true true true false true false false false X SOUTHERN UNIVERSITY SYSTEM FOUNDATION OFFICES 2257713911 SOUTHERN UNIVERSITY-JS CLARK ADMIN 3RD FLOOR BATON ROUGE LA 70813 X ANNA M JONES PRESIDENT 2.00 X X 0 0 0 JOSEPH A DELPIT VICE-PRESIDE 2.00 X X 0 0 0 ALFRED E HARRELL EXECUTIVE DI 2.00 X X 0 0 0 DOMOINE D RUTLEDGE TREASURER 2.00 X X 0 0 0 HENRY BAPTISTE BOARD MEMBER 2.00 X 0 0 0 CALVIN BRAXTON BOARD MEMBER 2.00 X 0 0 0 KELVIN CONEY BOARD MEMBER 2.00 X 0 0 0 MS ALLISON J YOUNG BOARD MEMBER 2.00 X 0 0 0 MARTIN W JOHNSON BOARD MEMBER 2.00 X 0 0 0 LUKE LAVERGNE BOARD MEMBER 2.00 X 0 0 0 DR RONALD MASON JR BOARD MEMBER 2.00 X 0 0 0 IRVING MATTHEWS BOARD MEMBER 2.00 X 0 0 0 DARRYL PETERSON MD BOARD MEMBER 2.00 X 0 0 0 LEA POLK-MONTGOMERY BOARD MEMBER 2.00 X 0 0 0 ALLEN SEMIEN BOARD MEMBER 2.00 X 0 0 0 WILLIAM E TUCKER JR BOARD MEMBER 2.00 X 0 0 0 DR LIZ WEST BOARD MEMBER 2.00 X 0 0 0 GARY WILLIAMS BOARD MEMBER 2.00 X 0 0 0 ATTORNEY WALTER C DUMAS BOARD MEMBER 2.00 X 0 0 0 MR FRED BANKS BOARD MEMBER 2.00 X 0 0 0 false false false TAYLOR PORTER ATTORNEYS AT LAW PO BOX 2471 BATON ROUGE LA 70821 LEGAL SERVICES 186283 1 2754343 2754343 RENTAL INCOME 531390 2862516 2862516 BAYOU CLASSIC REVENUES 713990 1562660 1562660 ATHLETIC SPONSORSHIPS AND SUP 900099 299648 299648 SCOREBOARD SPONSORSHIP 293979 293979 5018803 30810 30810 206906 466124 -259218 -259218 -259218 OTHER INCOME 395088 395088 395088 7939826 5185483 X 363828 363828 59718 13912 45806 756588 467761 288827 106970 93963 13007 436613 340938 95675 29838 28764 1074 182583 150163 32420 74661 61247 13414 2473716 2467505 6211 82379 61905 20474 5719 5719 BAYOU CLASSIC EXPENSES 1754251 1754251 UNIVERSITY S, P & E 764921 737537 27384 PROGRAM MATERIAL & SUPP. 127901 107609 20292 PUBLIC/COMMUNITY INIT. 89911 74466 15445 192902 112280 80622 7502499 6836129 666370 0 6607234 7744722 3127764 3287790 646703 681202 58872882 58021399 846687 817709 4214418 2781620 1161359 1432798 3721954 4111692 995427 695468 75980010 76792780 890137 3865808 56583937 53770000 285254 7549546 7984553 65308874 65620361 X 1314649 3603581 6721141 4353740 2635346 3215098 10671136 11172419 75980010 76792780 437327 63953 3 X false true X true false X 2013847 1681986 8429363 1769302 2754343 16648841 2013847 1681986 8429363 1769302 2754343 16648841 16648841 68484 32450 33936 134870 16783711 5444701 0.99200 0.98870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 555193 555193 172125 68409 103716 28223 24694 3529 3458877 2688517 770360 1432798 DUE TO AFFILIATE 6108539 RENTAL DEPOSIT FUND 1876014 7984553 X 8394679 63953 390900 454853 7939826 7939826 7872925 390900 390900 7482025 20474 20474 7502499 SCHEDULE D, PAGE 3, PART X THE FOUNDATION OPERATES AS A PUBLIC CHARITY UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES AND THE EXCISE TAX WHICH APPLIES TO CERTAIN FOUNDATIONS. HOWEVER, THE FOUNDATION IS SUBJECT TO INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. SINCE THE FOUNDATION HAD NO UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2014, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION FILES FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF LOUISIANA. THE DEADLINE TO FILE THE FORM 990 FOR THE TAX YEAR ENDED DECEMBER 31, 2014 HAS BEEN EXTENDED UNTIL AUGUST 15, 2015. THE FOUNDATION HAS NOT FILED THEIR 2014 FORM 990 AS OF THE DATE THESE FINANCIAL STATEMENTS WERE AVAILABLE TO BE ISSUED. SHOULD THE FOUNDATION'S TAX STATUS BE CHALLENGED IN THE FUTURE, THE 2011, 2012, AND 2013 TAX YEARS ARE OPEN TO EXAMINATION BY THE IRS. IN JULY 2006, THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ISSUED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING AND DISCLOSURE FOR UNCERTAIN TAX POSITIONS. THIS INTERPRETATION REQUIRES COMPANIES TO USE A PRESCRIBED MODEL FOR ASSESSING THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF ALL TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN TAX RETURNS. THE FOUNDATION APPLIES A "MORE-LIKELY-THAN-NOT" RECOGNITION THRESHOLD FOR ALL TAX UNCERTAINTIES. THIS APPROACH ONLY ALLOWS THE RECOGNITION OF THOSE TAX BENEFITS THAT HAVE A GREATER THAN FIFTY PERCENT LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES. MANAGEMENT HAS EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. SCHEDULE D, PAGE 4, PART XII, LINE 4B BOOK / TAX DEPRECIATION DIFFERENCE 20,474 true SCHOLARSHIPS 252 363828 SCHEDULE I, PAGE 1, PART I, LINE 2 SCHOLARSHIPS ARE AWARDED ON A SEMEMSTER BASIS AND DISBURSED DEPENDING ON STUDENTS' GRADE-POINT AVERAGE. STUDENTS MUST CONTINUE TO ATTEND CLASSES AND MAINTAIN NO LOWER THAN A 2.0 GPA. A LA PUBLIC FACILITIES AUTHORITY 2006-12-13 59990000 TO FINANCE THE DESIGN, DEVELOPMENT, ACQUISITION, CONSTRUCTION OF false false false A false false false false A false false false false false false false A false false false false false false false false false SCHEDULE K - PURPOSE OF ISSUE DESCRIPTION LA PUBLIC FACILITIES AUTHORITY FACILITIES. SOUTHERN UNIVERSITY SYSTEM BOARD MEMBERS 3751775 RENT false FORM 990 - ORGANIZATION'S MISSION THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE THE EDUCATIONAL AND CULTURAL WELFARE OF SOUTHERN UNIVERSITY AND A&M COLLEGE SYSTEM AND TO PROVIDE ADDITIONAL RESOURCES FOR THE BENEFIT OF THE UNIVERSITY SYSTEM, TO ENCOURAGE, SOLICIT, RECEIVE, AND ADMINISTER GIFTS AND REQUESTS OF PROPERTY AND FUNDS FOR SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES, ALL FOR THE ADVANCEMENT OF THE SOUTHERN UNIVERSITY SYSTEM. FORM 990, PAGE 6, PART VI, LINE 11B ORGANIZATION'S FORM 990 IS REVIEWED AND APPROVED BY THE BOARD AND SIGNED BY AN APPROPRIATE BOARD MEMBER PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C ORGANIZATION REQUIRES ALL BOARD MEMBERS TO ANNUALLY DISCLOSE ALL POTENTIAL CONFLICTS OF INTEREST. POTENTIAL CONFLICTS ARE REVIEWED AND DISCUSSED BY THE BOARD AND THE APPROPRIATE ACTIONS ARE TAKEN FOR ANY ACTUAL CONFLICTS. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ORGANIZATION'S OFFICES. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES & CONTRACTS 467,761 288,827 0 FORM 990, PART XI, LINE 9 BOOK / TAX DEPRECIATION DIFFERENCE 20,474 FORM 990, PART XI, LINE 9 PRIOR YEAR ADJUSTMENT TO NET ASSETS -20,471