2015-11-12T13:33:15-06:00 2014-12-31 721088864 LAPORTE APAC 111 VETERANS MEMORIAL BLVD SUITE 600 METAIRIE LA 700054958 990 2014-01-01 721004960 TIGER ATHLETIC FOUNDATION TIGE 2255784823 PO BOX 711 BATON ROUGE LA 708210711 FRANK MILLER CFO AND VICE PRESIDENT 2255784823 2015-11-12 1 AMY E WALTERS CPA CCIFP P01078383 5048355522 2014 2016-02-25 16:41:14Z FRANK MILLER PMAC - NORTH STADIUM DRIVE BATON ROUGE LA 70803 63124462 0 X WWW.LSUTAF.ORG X 1983 LA TO SUPPORT LOUISIANA STATE UNIVERSITY AND ITS ATHLETIC AND EDUCATION PROGRAMS. 40 40 235 40 0 0 38571728 50249636 4500000 8775000 869461 1399135 2617211 2530525 46558400 62954296 21091287 9410871 0 0 3267666 3990640 0 0 1768270 15904689 16570037 40263642 29971548 6294758 32982748 411629467 465036593 268897851 290711323 142731616 174325270 TO SUPPORT LOUISIANA STATE UNIVERSITY AND ITS ATHLETIC PROGRAMS 0 0 11490503 9328916 200 TIGER ATHLETIC FOUNDATION (TAF) ASSISTS THE LOUISIANA STATE UNIVERSITY AND AGRICULTURAL AND MECHANICAL COLLEGE (LSU) ATHLETIC PROGRAMS. TAF HELPED TO DEFRAY THE COST OF MORE THAN 450 STUDENT ATHLETES, TO MAINTAIN AND IMPROVE ATHLETIC FACILITIES, AND TO RETIRE PRESENT INDEBTEDNESS. 12117014 8775000 TIGER ATHLETIC FOUNDATION OVERSEES THE MANAGEMENT OF THE TIGER DEN SUITES, STADIUM CLUB, AND ALEX BOX SUITES FOR LOUISIANA STATE UNIVERSITY AND AGRICULTURAL AND MECHANICAL COLLEGE. 409004 81955 TIGER ATHLEIC FOUNDATION (TAF) SUPPORTS LOUISIANA STATE UNIVERSTIY AGRICULTURAL AND MECHINACAL COLLEGE (LSU). 24016521 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 1 0 1 19 0 1 235 1 0 0 0 0 0 1 1 0 0 0 0 X 40 40 0 1 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 LA X X X FRANK R MILLER 2255784823 PMAC - NORTH STADIUM DRIVE BATON ROUGE LA 70803 E ROBERT BOBBY THERIOT CHAIRMAN - ELECT 2.00 X X 0 0 0 TYRON D PICARD BOARD OF DIRECTORS 2.00 X 0 0 0 HF HANK ANDERSON CHAIRMAN 2.00 X X 0 0 0 BRUCE A ADAMS BOARD OF DIRECTORS 2.00 X 0 0 0 WILLIAM W BILLY RUCKS IV BOARD OF DIRECTORS 2.00 X 0 0 0 WOODY D BILYEU BOARD OF DIRECTORS 2.00 X 0 0 0 BRIAN P CHERAMIE BOARD OF DIRECTORS 2.00 X 0 0 0 AL ADAMS BOARD OF DIRECTORS 2.00 X 0 0 0 ERIC EDWARDS BOARD OF DIRECTORS 2.00 X 0 0 0 THERESA M GALLION EXECUTIVE COMMITTEE 2.00 X 0 0 0 DR ERIC T GEIST BOARD OF DIRECTORS 2.00 X 0 0 0 JAMIE HOWARD BOARD OF DIRECTORS 2.00 X 0 0 0 JAMES FLEET HOWELL EXECUTIVE COMMITTEE 2.00 X 0 0 0 PATRICK A JUNEAU BOARD OF DIRECTORS 2.00 X 0 0 0 SCOTTY MORAN BOARD OF DIRECTORS 2.00 X 0 0 0 CHRIS MICIOTTO BOARD OF DIRECTORS 2.00 X 0 0 0 TODD SCHEXNAYDER BOARD OF DIRECTORS 2.00 X 0 0 0 JERRY SHEA JR BOARD OF DIRECTORS 2.00 X 0 0 0 STACEY PARETTI RASE BOARD OF DIRECTORS 2.00 X 0 0 0 STEVEN J SHERMAN BOARD OF DIRECTORS 2.00 X 0 0 0 COLLIS B TEMPLE III BOARD OF DIRECTORS 2.00 X 0 0 0 BETH TOPE BOARD OF DIRECTORS 2.00 X 0 0 0 CHARLES S BURNEY WILLIAMS BOARD OF DIRECTORS 2.00 X 0 0 0 JAMES MAURIN IMMEDIATE PAST PRESIDENT 2.00 X X 0 0 0 JERRY D DUMAS SR EXECUTIVE COMMITTEE 2.00 X 0 0 0 G ARCHER FRIERSON II BOARD OF DIRECTORS 2.00 X 0 0 0 JAKE NETTERVILLE TREASURER 2.00 X X 0 0 0 GORDON L GORDY RUSH III EXECUTIVE COMMITTEE 2.00 X 0 0 0 EULIS SIMIEN JR BOARD OF DIRECTORS 2.00 X 0 0 0 ROBERT M STUART SECRETARY 2.00 X X 0 0 0 CRAIG WEBB BOARD OF DIRECTORS 2.00 X 0 0 0 CHARLES S WEEMS III EXECUTIVE COMMITTEE 2.00 X 0 0 0 BRIAN H WOODARD BOARD OF DIRECTORS 2.00 X 0 0 0 RICHARD E ZUSCHLAG EXECUTIVE COMMITTEE 2.00 X 0 0 0 AIMEE SIMON BOARD OF DIRECTORS 2.00 X 0 0 0 BEN BORDELON BOARD OF DIRECTORS 2.00 X 0 0 0 TODD GRAVES BOARD OF DIRECTORS 2.00 X 0 0 0 ERIC HILL BOARD OF DIRECTORS 2.00 X 0 0 0 DWAYNE HONORE' BOARD OF DIRECTORS 2.00 X 0 0 0 JOE LARUSSA BOARD OF DIRECTORS 2.00 X 0 0 0 RONALD G RICHARD CEO EMERTIUS 40.00 X 361664 0 34360 FRANK R MILLER VICE PRESIDENT OF ADMINIST 40.00 X 207600 0 32182 RICHARD B PERRY PRESIDENT AND CEO 40.00 X 254007 0 41287 BENJAMIN J BROUSSARD VICE PRESIDENT OF DEVELOPM 40.00 X 206532 0 40504 ROBERT B ROSS DIRECTOR OF DEVELOPMENT 40.00 X 136664 0 36411 JOSEPH CARVALHIDO VICE PRESIDENT OF OPERATIO 40.00 X 146896 0 38590 ALICIA VIDRINE HIGHLY COMPENSATED EMPLOYE 40.00 X 120405 0 35154 1433768 0 258488 7 0 1 0 LEMOINEBRASFIELD & GORRIE JV 214 JEFFERSON ST SUITE 200 LAFAYETTE LA 70501 CONSTRUCTION 45874145 BUQUET & LEBLANC PO BOX 549 BATON ROUGE LA 70821 CONSTRUCTION 7253442 YESCO ENTERPRISES PO BOX 11676 TACOMA WA 98411 CONSTRUCTION 6509973 DRAKES CATERING LLC 302 3RD STREET SUITE 201 BATON ROUGE LA 70801 CATERING 2179880 THE LEMOINE COMPANY 214 JEFFERSON ST SUITE 200 LAFAYETTE LA 70501 CONSTRUCTION 1299015 33 90805 50158831 50249636 GROSS RENTS FROM PREMIUM SEATING 532000 8500000 8500000 KITCHEN LEASE PAYMENT 532000 275000 275000 8775000 1399135 1399135 2418046 0 2418046 2418046 2418046 282445 170166 112279 112279 MISCELLANEOUS 900099 200 200 200 62954296 8775200 0 3929460 9410871 9410871 1029804 119505 910299 2155488 168172 1281013 706303 598573 80982 363216 154375 206775 22890 128794 55091 33736 33736 160194 160194 100427 100427 94869 52276 42593 705680 687074 18606 96095 82736 13359 275626 76292 179501 19833 551494 105175 446319 25078 25078 2218448 2218448 4124986 4124986 510584 384188 122697 3699 CATERING AND OTHER 2927451 2927451 LINE OF CREDIT/REMARKET 2580462 2580462 COACHES SUPPLEMENT 512000 512000 REPAIRS 375294 355982 19312 1277613 788086 181435 308092 29971548 24016521 4186757 1768270 800 800 137119500 142973475 20300229 20926496 1938403 910811 227892 247892 67722699 59085184 927230 966474 253958998 29115603 178655558 224843395 4737156 15082066 411629467 465036593 6646068 3309632 85859731 73219623 158785000 178760000 3237887 22282667 14369165 13139401 268897851 290711323 X 76206387 103759420 55815682 58751310 10709547 11814540 142731616 174325270 411629467 465036593 X 32982748 -7298 -1381796 X X 0 1 X 1 0 X 28351262 42239769 48059512 38571728 50249636 207471907 28351262 42239769 48059512 38571728 50249636 207471907 2181123 205290784 7244880 7316647 7736908 7811589 12592181 42702205 155 450 673 2736 200 4214 250178326 1426970 0.82060 0.81700 X 10763439 1104993 -51041 424255 11393136 10217802 574919 330092 359374 10763439 8668170 939853 791058 181279 10217802 8601358 928591 -579930 281849 8668170 6726947 1539237 346376 11202 8601358 1.00000 0 0 3090000 3090000 245888619 28288255 217600364 4568038 498006 4070032 412341 329342 82999 224843395 AMOUNTS HELD IN CUSTODY FOR OTHERS 7166685 INTEREST RATE SWAP VALUATION 5972716 13139401 X 63065833 -58629 -58629 63124462 -170166 -170166 62954296 30389606 418058 418058 29971548 0 29971548 PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED TO FUND ATHLETIC SCHOLARSHIPS. PART X, LINE 2: THE FOUNDATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES. FASB ASC 740, INCOME TAXES, PRESCRIBES RECOGNITION THRESHOLD AND MEASUREMENT PROCESSES FOR FINANCIAL STATEMENT RECOGNITION OF UNCERTAIN TAX PROVISIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE INTERPRETATION ALSO PROVIDES GUIDANCE ON RECOGNITION, DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS FOR THE YEAR ENDING DECEMBER 31, 2014 AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. THE FOUNDATION'S TAX FILINGS ARE SUBJECTED TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE FOUNDATION'S OPEN AUDIT PERIODS ARE 2011 THROUGH 2013. PART XI, LINE 4B - OTHER ADJUSTMENTS: PART XII, LINE 2D: FUNDRAISING EVENTS EXPENSES - RECORDED NET ON TAX RETURN WITH FUNDRAISING EVENTS INCOME: AMOUNT $170,166 PART XII, LINE 2D - OTHER ADJUSTMENTS: PART XIII, LINE 2D; FUNDRAISING EVENTS EXPENSES - RECORDED NET ON TAX RETURN WITH FUNDRAISING EVENTS INCOME: AMOUNT $170,166 LOAN TO RONALD RICHARD FORGIVEN IN JANUARY 2015: AMOUNT $247,892 TIGER TOUR 92160 92160 6452 73631 GOLF TOURNAMENT 96775 96775 19781 19543 1 93510 93510 50759 282445 282445 26233 143933 170166 112279 1 LOUISIANA STATE UNIVERSITY 110 THOMAS BOYD HALL BATON ROUGE LA 70803 726000848 GOVERNMENTAL ENTITY 9410871 CASH TO SUPPORT LOUISIANA STATE UNIVERSITY'S ATHLETIC PROGRAMS 1 FORM 990: SCHEDULE I, PART IV TIGER ATHLETIC FOUNDATION ("TAF") IS A PRIVATE, NONPROFIT CORPORATION DEDICATED TO SUPPORTING LOUISIANA STATE UNIVERSITY ("LSU") AND ITS ATHLETIC PROGRAMS. AS REFLECTED IN SCHEDULE I PART II COLUMN D, TAF CONTINUES TO PLAY AN INTEGRAL ROLE IN SUSTAINING THAT OUTSTANDING LSU TRADITION. X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 RONALD G RICHARD CEO EMERTIUS 361664 0 0 0 0 0 18958 0 15402 0 396024 0 0 0 FRANK R MILLER VICE PRESIDENT OF ADMINIST 207600 0 0 0 0 0 15780 0 16402 0 239782 0 0 0 RICHARD B PERRY PRESIDENT AND CEO 254007 0 0 0 0 0 19275 0 22012 0 295294 0 0 0 BENJAMIN J BROUSSARD VICE PRESIDENT OF DEVELOPM 206532 0 0 0 0 0 15010 0 25494 0 247036 0 0 0 ROBERT B ROSS DIRECTOR OF DEVELOPMENT 136664 0 0 0 0 0 10750 0 25661 0 173075 0 0 0 JOSEPH CARVALHIDO VICE PRESIDENT OF OPERATIO 146896 0 0 0 0 0 11616 0 26974 0 185486 0 0 0 ALICIA VIDRINE HIGHLY COMPENSATED EMPLOYE 120405 0 0 0 0 0 9530 0 25624 0 155559 0 0 0 PART I, LINE 1A THE ABOVE ITEMS WERE ALL RELATED TO TAF'S EXEMPT PURPOSE. IF ANY OF THE CHARTER TRAVEL, TRAVEL FOR COMPANIONS, DISCRETIONARY SPENDING, OR HEALTH CLUB DUES WERE PERSONAL IN NATURE THESE WERE MINIMAL IN AMOUNT AND INCIDENTAL TO THE EXEMPT PURPOSE AND THE AMOUNT WAS ADDED TO THAT INDIVUAL'S W-2. A LA PUBLIC FACILITIES AUTHORITY 720895871 546398D39 2009-11-19 43575000 SEE SCHEDULE O 0 1 0 B LA PUBLIC FACILITIES AUTHORITY 720895871 546398D47 2009-11-19 83535000 SEE SCHEDULE O 0 1 0 C LA PUBLIC FACILITIES AUTHORITY 720895871 2012-10-23 70000000 SEE SCHEDULE O 0 1 0 A 43575000 43575000 2005 0 0 1 1 B 83535000 83535000 2005 0 0 1 1 C 70000000 629650 69370350 2014 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 0 1 0 1 1 MORGAN STANLEY 31.400000000000 0 0 0 0 1 B 0 0 1 0 1 0 0 0 1 C 0 1 1 0 1 0 0 0 1 A 0 B 0 C 0 RONALD G RICHARD CEO EMERTIUS LOAN TO PURCHASE LIFE INSURANCE. TAF IS NOT A BENEFICIARY OR OWNER. X 20000 247892 0 1 1 247892 E R BO CAMPBELL FORMER PRESIDENT OF TAF BOARD AND ON THE BOARD OF CAPITAL ONE BANK, N. A. TAF HAS A LETTER OF CREDIT WITH CAPITAL ONE BANK, N. A. CAPITAL ONE IS THE PURCHASER AND HOLDER OF THE SERIES 2012 BONDS. MR. CAMPBELL HAS NOT DRAWN COMPENSATION FROM TAF AND THE LOC BY CAPITAL ONE WAS APPROVED BY INDIVIDUALS OTHER THAN HIMSELF. MR. CAMPBELL RETIRED FROM THE BOARD OF CAPITAL ONE BANK IN APRIL OF 2012. 0 ROBERT M STUART MEMBER OF TAF'S EXECUTIVE COMMITTEE AND ASSOCIATED WITH CAPITAL ONE BANK ROBERT STUART IS THE HEAD OF MIDDLE MARKET BANKING AT CAPITAL ONE, WHICH WAS THE LEAD BANK IN THE FINANCING OF THE SOUTH END ZONE EXPANSION WHICH BEGAN IN 2012. CAPITAL ONE IS THE PURCHASER AND HOLDER OF THE SERIES 2012 BONDS. ROBERT STUART HAS NOT DRAWN COMPENSATION FROM TAF, AND THE FINANCING FROM CAPITAL ONE WAS APPROVED BY INDIVIDUALS OTHER THAN HIMSELF. 0 FORM 990, PART VI, SECTION A, LINE 3 TIGER ATHLETIC FOUNDATION CONTRACTS WITH COLONNADE GROUP, INC. TO ADVISE TAF ON THE MANAGEMENT AND OPERATION THE ALEX BOX SUITES, STADIUM CLUB, AND TIGER DEN SUITES. TAF HAS HIRED FORMER COLONNADE EMPLOYEES TO DO THE WORK DIRECTLY FOR TAF AND COLONNADE IS NOW A CONSULTANT. THE CONTRACT FOR COLONNADE GROUP WAS SUBMITTED UNDER A COMPETITIVE BID PROCESS, AND THE CONTRACT IS REVIEWED ANNUALLY BY THE BOARD. COLONNADE GROUP IS AN UNRELATED ENTITY TO TIGER ATHLETIC FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THIS FORM 990 WAS PROVIDED TO THE TAXPAYER BEFORE IT WAS FILED. THE AUDIT COMMITTEE, CFO & CONTROLLER REVIEWED THE 990 AND HAD THEIR TAX ATTORNEY REVIEW IT BEFORE IT WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CFO REVIEWS THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. TAF REQUIRES ALL EMPLOYEES AND DIRECTORS TO DISCLOSE ANY POTENTIAL PERSONAL OR BUSINESS ASSOCIATIONS WHICH COULD BE PERCEIVED AS A CONFLICT OF INTEREST. THROUGHOUT THE YEAR DIRECTORS ARE REMINDED TO DISCLOSE ANY NEW RELATIONSHIPS WHERE A CONFLICT OF INTEREST MAY BE PRESENT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE AND COMPENSATION COMMITTEE MEET ANNUALLY TO REVIEW AND APPROVE ALL COMPENSATION ISSUES. THOSE WHOSE COMPENSATION IS BEING APPROVED RECUSE THEMSELVES FROM THE MEETING. THE REVIEW CONSISTS OF COMPARISONS TO OTHER ATHLETIC FOUNDATIONS, REVIEW OF ANNUAL COMPENSATION SURVEYS, AND A REVIEW OF OVERALL MARKET TRENDS IN THE NON PROFIT INDUSTRY. ALL COMPENSATION DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 TIGER ATHLETIC FOUNDATION MAKES THEIR FINANCIAL STATEMENTS AVAILABLE ON THEIR OWN WEBSITE. REGARDING THEIR GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY, THESE ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT: -1,330,465. FAIR VALUE ADJUSTMENT - ENDOWMENTS: -51,331. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. FORM 990, SCHEDULE K, PART I, BOND A AND B, COLUMN F ISSUED FOR THE PURPOSE OF FINANCING OR REIMBURSING A PORTION OF THE COST OF CERTAIN IMPROVEMENTS AND RENOVATIONS TO THE WEST SIDE UPPER DECK AT LSU'S TIGER STADIUM, CONSTRUCTION OF A FOOTBALL OPERATIONS CENTER AND MISCELLANEOUS IMPROVEMENTS TO TIGER STADIUM. THE REVENUE BONDS SERIES 1999 AND SERIES 2004 WERE SUBJECT TO A REMARKETING AGREEMENT WHEREBY THE FOUNDATION OBTAINED A REMARKETING AGENT WHICH SHALL OFFER FOR SALE AND USE ITS BEST EFFORTS TO FIND PURCHASERS FOR ALL BONDS OR PORTIONS THEREOF FOR WHICH NOTICE OF TENDER HAS BEEN RECEIVED AT A PRICE EQUAL TO THE PRINCIPAL AMOUNT THEREOF PLUS ACCRUED INTEREST TO THE PURCHASE DATE. DURING 2009, THE FOUNDATION REPLACED THE LETTER OF CREDIT AGREEMENT WITH REGIONS WITH A SUBSTITUTE LETTER OF CREDIT ISSUED BY CAPITAL ONE. FORM 990, SCHEDULE K, PART I, BOND C, COLUMN F ISSUED FOR THE PURPOSE OF FINANCING A PORTION OF THE COST OF FINANCING, DESIGN, DEVELOPMENT, PERFORMANCE AND CONSTRUCTION OF THE FACILITIES/SOUTH AND OLYMPIC SPORTS IMPROVEMENTS IN ACCORDANCE WITH THE PLANS AND SPECIFICATIONS APPROVED BY LSU. TIGER AFFILIATED CHAPTERS P O BOX 711 BATON ROUGE LA 70821 273525396 SOCIAL CLUB PROMOTING LSU ATHLETICS LA 501(C)(7) TIGER ATHLETIC FOUNDATION 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TIGER AFFILIATED CHAPTERS C 90805 CASH - FAIR MARKET VALUE