2015-02-15T15:13:57-06:00 2014-06-30 560574444 CHERRY BEKAERT LLP 201 WEST MCBEE AVENUE SUITE 200 GREENVILLE SC 29601 990 2013-07-01 274127041 CLEMSON UNIVERSITY LAND STEWARDSHIP FOUNDATION INC CLEM 8646561289 PO BOX 1889 CLEMSON SC 296331889 HARRISON F TRAMMELL PRESIDENT & CEO 8646561289 2015-02-06 1 MARK H COOTER P00091236 8642333981 2015-02-06 2013 2016-02-25 16:41:14Z HARRISON F TRAMMELL 155 OLD GVILLE HWY 105 CLEMSON SC 29631 2760415 0 X CLEMSON.EDU/GIVING/CUFOUNDATIONS/STRUCTURE/CUREF/ X 2012 SC TO RECEIVE, HOLD, MANAGE, OR SELL REAL ESTATE FOR THE BENEFIT OF CLEMSON UNIVERSITY. TO MANAGE THE PROPERTIES AT THE CLEMSON UNIVERSITY INTERNATIONAL CENTER FOR AUTOMOTIVE RESEARCH (CU-ICAR) THROUGH LICAM LLC; TO PURCHASE, LEASE, DEVELOP, MORTGAGE REAL ESTATE FOR THE BENEFIT OF CU THROUGH LICAR LLC. 9 9 0 152 0 0 10146787 0 0 0 0 0 1158631 2760415 11305418 2760415 0 0 0 0 13268 242758 0 0 0 872869 1863469 886137 2106227 10419281 654188 56628469 57638311 36998128 37353782 19630341 20284529 THE FOUNDATION EXISTS TO RECEIVE, HOLD, DEVELOP, MANAGE, OR SELL REAL ESTATE FOR CLEMSON UNIVERSITY. 0 0 1802376 464576 THE FOUNDATION EXISTS TO RECEIVE, HOLD, MANAGE, OR SELL REAL ESTATE FOR CLEMSON UNIVERSITY. 1802376 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 X 4 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 1 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X X G CLINT CARLSON II DIRECTOR OF FINANCE 8646560925 ADMIN SERVICES BLDG 108 PERIMETER CLEMSON SC 296345306 GEORGE E BIEDIGER DIRECTOR 1.00 X 0 0 0 NEIL C ROBINSON JR DIRECTOR 1.00 X 0 0 0 FRANK A MCLEOD III DIRECTOR 1.00 X 0 0 0 CHRISTOPHER C PEARCE IV DIRECTOR 1.00 X 0 0 0 THOMAS B MCTEER JR DIRECTOR 1.00 X 0 0 0 WILLIAM L ABERCROMBIE JR DIRECTOR-CHAIR 2.00 X 0 0 0 WILLIAM C SMITH JR DIRECTOR 1.00 X 0 0 0 PATRICIA H MCABEE DIRECTOR 1.00 X 0 0 0 GOSNALD GRAHAM SEGARS JR DIRECTOR 1.00 X 0 0 0 HARRISON F TRAMMELL PRESIDENT & CEO 5.00 32.50 X 0 263094 28766 LAURA H HASELDEN TREASURER 16.00 21.50 X 0 82384 17361 AMY S GIBBS SECRETARY 1.00 36.50 X 0 40946 2183 GERY KIERSTEAD SECRETARY 1.00 36.50 X 0 19596 5543 A NEILL CAMERON JR EX-OFFICIO DIRECTOR 1.00 36.50 X 0 231052 48710 BRETT A DALTON EX-OFFICIO DIRECTOR 1.00 36.50 X 0 321913 52069 JOHN V BOYETTE JR MANAGER 19.00 18.50 X 0 183673 19452 FREDERICK CARTWRIGHT EX-OFFICIO DIRECTOR 1.00 36.50 X 0 155083 17940 0 1297741 192024 0 0 1 0 SHERMAN CONSTRUCTION COMPANY 1330 PIEDMONT HIGHWAY PIEDMONT SC 29673 CONSTRUCTION 1828161 PROJECT ONE MASTER OWNERS ASSOCIATION 1 NORTH MAIN STREET GREENVILLE SC 29601 MEMBERSHIP 227631 LS3P ASSOCIATES LTD 110 WEST NORTH STREET SUITE 300 GREENVILLE SC 29601 ARCHITECTURE 137056 NELSON MULLINS RILEY & SCARBOROUGH 104 SOUTH MAIN STREET GREENVILLE SC 29601 LEGAL 132927 4 2295839 0 2295839 2295839 2295839 COMMON AREA MAINTENANCE 531310 459957 459957 MISC. REVENUE 531110 4619 4619 464576 2760415 0 0 2760415 X 242758 171958 70800 133579 90960 42619 239612 225217 14395 2942 1167 1775 837505 837505 445923 445923 168058 16196 151862 35850 13450 22400 2106227 1802376 303851 0 1707762 1422793 3898 6899 18977 69009 25819304 643123 39276041 25176181 15621791 30963429 56628469 57638311 107358 304401 3224014 3710359 12480612 11920009 21186144 21419013 36998128 37353782 X 19630341 20284529 19630341 20284529 56628469 57638311 654188 0 X X 0 1 X 1 0 X X X 0 0 0 CLEMSON UNIVERSITY 576000254 IRC 115 1 1 1 0 CLEMSON UNIV FOUNDATION 570426335 5 1 1 1 0 2 0 1460000 8953000 10413000 11882239 2844950 462259 14264930 394779 127552 267227 19514 9757 9757 69224 195598 43555 221267 25176181 DIRECT FINANCING LEASE 13615939 BOND ISSUES COST NET 92113 DEVELOPMENT COSTS 1335452 CONSTRUCTION IN PROGRESS 15919925 30963429 DEPOSITS HELD FOR OTHERS 30005 RETAINAGE PAYABLE 32406 UNEARNED REVENUE 424130 DUE TO CLEMSON UNIVERSITY FOUNDATION 20932472 21419013 X 2760415 0 2760415 0 2760415 2106227 0 2106227 0 2106227 PART X, LINE 2: THE FOUNDATION ADOPTED THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE FOUNDATION'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX PROVISION TAKEN THAT IS BENEFICIAL TO THE FOUNDATION, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THAT THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2014 ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. 0 0 0 0 0 0 0 0 0 HARRISON F TRAMMELL PRESIDENT & CEO 0 237611 0 10000 0 15483 0 11712 0 17054 0 291860 0 0 A NEILL CAMERON JR EX-OFFICIO DIRECTOR 0 227689 0 0 0 3363 0 35575 0 13135 0 279762 0 0 BRETT A DALTON EX-OFFICIO DIRECTOR 0 321913 0 0 0 0 0 46326 0 5743 0 373982 0 0 JOHN V BOYETTE JR MANAGER 0 177857 0 5000 0 816 0 8780 0 10672 0 203125 0 0 FREDERICK CARTWRIGHT EX-OFFICIO DIRECTOR 0 155083 0 0 0 0 0 10244 0 7696 0 173023 0 0 SCH J, PART I, LINE 3: THE BOARD OVERSEES THE PRESIDENT AND CEO OF CULSF. ALL OFFICERS ARE EMPLOYEES OF CLEMSON UNIVERSITY. COMPENSATION OF THE OFFICERS IS DETERMINED THROUGH THE UNIVERSITY'S HUMAN RESOURCES DEPARTMENT WITHIN GUIDELINES ESTABLISHED BY THE STATE OF SOUTH CAROLINA. BOARD MEMBERS: _____________ THE FOLLOWING OFFICERS OF CULSF ARE EMPLOYEES OF CLEMSON UNIVERSITY AND ARE OFFICERS OF THE CLEMSON UNIVERSITY FOUNDATION: HARRISON F. TRAMMELL LAURA H. HASELDEN AMY S. GIBBS GERRY KIERSTEAD THE FOLLOWING EX-OFFICIO BOARD MEMBERS OF CULSF ARE EMPLOYEES OF CLEMSON UNIVERSITY: A. NEILL CAMERON, JR. BRETT A. DALTON FREDERICK CARTWRIGHT THE FOLLOWING DIRECTORS OF CULSF ARE DIRECTORS OF THE CLEMSON UNIVERSITY FOUNDATION: GEORGE E. BIEDIGER NEIL C. ROBINSON, JR. GOSNALD GRAHAM SEGARS, JR. THE FOLLOWING ARE MEMBERS OF THE CLEMSON UNIVERSITY BOARD OF TRUSTEES: THOMAS B. MCTEER, JR. WILLIAM C. SMITH, JR. PATRICIA H. MCABEE BRETT A. DALTON IS A DIRECTOR OF THE CLEMSON UNIVERSITY RESEARCH FOUNDATION. A. NEILL CAMERON, JR. IS A DIRECTOR OF THE CLEMSON UNIVERSITY CONTINUING EDUCATION AND CONFERENCE COMPLEX CORPORATION. THE FOLLOWING IS A KEY EMPLOYEE OF CLEMSON UNIVERSITY: JOHN V BOYETTE JR CLEMSON UNIVERSITY REAL ESTATE FOUNDATION, INC. AND CLEMSON UNIVERSITY LAND STEWARDSHIP FOUNDATION, INC. SHARE THE SAME BOARD MEMBERS. HOWEVER, THE CHAIR AND VICE-CHAIR FOR THE TWO BOARDS ARE NOT THE SAME. FORM 990, PART V, LINES 1C: THERE WERE NO INSTANCES THAT REQUIRED BACKUP WITHHOLDINGS. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS OF CULSF WERE AMENDED TO MAKE CHANGES RELATED TO THE COMPOSITION OF APPOINTED DIRECTORS AND ELECTED DIRECTORS. THE TOTAL NUMBER OF APPOINTED AND ELECTED DIRECTORS (NINE (9)) DID NOT CHANGE. THE CLEMSON UNIVERSITY BOARD OF TRUSTEES APPOINTS THREE (3) DIRECTORS, THE CLEMSON UNIVERSITY FOUNDATION APPOINTS TWO (2) DIRECTORS, AND THE REMAINING FOUR (4) VOTING DIRECTORS ARE ELECTED. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD CONSISTS OF NINE MEMBERS, THREE APPOINTED BY THE CLEMSON UNIVERSITY BOARD OF TRUSTEES, TWO APPOINTED BY THE CLEMSON UNIVERSITY FOUNDATION, AND FOUR ELECTED MEMBERS. THERE ARE NO MEMBERS OR STOCKHOLDERS, AND THE BOARD'S DECISIONS ARE NOT SUBJECT TO APPROVAL. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 WAS SENT TO ALL BOARD MEMBERS FOR REVIEW AND COMMENT PRIOR TO THE FILING DEADLINE. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND KEY EMPLOYEES MUST REVIEW AND SIGN THE CODE OF CONDUCT POLICY WHICH INCLUDES THE CONFLICT OF INTEREST POLICY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 ALL OFFICERS ARE EMPLOYEES OF CLEMSON UNIVERSITY. COMPENSATION OF THE OFFICERS IS DETERMINED THROUGH THE UNIVERSITY HUMAN RESOURCES DEPARTMENT WITHIN THE GUIDELINES ESTABLISHED BY THE STATE OF SOUTH CAROLINA. FORM 990, PART VI, SECTION C, LINE 18 THE FOUNDATION'S WEBSITE IS (HTTP:WWW.CLEMSON.EDU/GIVING/CUFOUNDATIONS/STRUCTURE/CULSF/). THIS WEBSITE DISPLAYS LINKS TO GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, IRS FORM 990 AND THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S WEBSITE IS (HTTP:WWW.CLEMSON.EDU/GIVING/CUFOUNDATIONS/STRUCTURE/CULSF/). THIS WEBSITE DISPLAYS LINKS TO GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, IRS FORM 990 AND THE CONFLICT OF INTEREST POLICY. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 220,773. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 220,773. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 4,444. MANAGEMENT AND GENERAL EXPENSES 14,395. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,839. FORM 990, PART XII, LINE 2C ALL RELATED ORGANIZATIONS OF CLEMSON UNIVERSITY PARTICIPATE IN A COMBINED REQUEST FOR PROPOSAL PROCESS EVERY FIVE YEARS. AT LEAST ONE MEMBER FROM EACH BOARD PARTICIPATES IN THE SELECTION PROCESS. THERE IS NO REQUIREMENT FOR ALL ENTITIES TO SELECT THE SAME AUDIT FIRM BUT THAT HAS BEEN THE PRACTICE FOR THE PAST THIRTEEN YEARS. FORM 990, PART V, LINES 7G AND 7H: THERE WERE NO CONTRIBUTIONS RECEIVED WHICH WOULD HAVE REQUIRED THE ORGANIZATION TO FILE EITHER FORM 8899 OR 1098-C. LICAM LLC 5 RESEARCH DRIVE GREENVILLE SC 29607 261304847 PROPERTY MANAGEMENT SC 459957 83751 CLEMSON UNIVERSITY LAND STEWARDSHIP FOUNDATION INC LICAR LLC 5 RESEARCH DRIVE GREENVILLE SC 29607 261304801 DEVELOPMENT OF REAL ESTATE SC 2033351 31591482 CLEMSON UNIVERSITY LAND STEWARDSHIP FOUNDATION INC CULSF ONE 155 OLD GREENVILLE HIGHWAY 105 CLEMSON SC 29631 PROPERTY MANAGEMENT SC 267107 14283774 CLEMSON UNIVERSITY LAND STEWARDSHIP FOUNDATION INC CLEMSON UNIVERSITY 108 PERIMETER RD CLEMSON SC 29634 576000254 RESEARCH UNIVERSITY SC IRC 115 N/A 0 CLEMSON UNIVERSITY FOUNDATION P O BOX 1889 CLEMSON SC 296331889 570426335 SUPPORT MISSIONS OF CLEMSON UNIVERSITY SC IRC 501(C)(3) LINE 5 N/A 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 1 1 1 1 0 CLEMSON UNIVERSITY FOUND - LOAN OF ENDOWMENT FUNDS & PROPERTY HOLDING COSTS E 20932732 FINANCIAL STATEMENT CLEMSON UNIVERSITY - LEASE OF SPACE TO CU J 280559 FINANCIAL STATEMENT CLEMSON UNIVERSITY-CONTRACT WITH LICAM FOR PROPERTY MGMT & DEVEL SERVICES L 303140 FINANCIAL STATEMENT CLEMSON UNIVERSITY - REIMBURSE EMPLOYEE SALARIES & OTHER P 246048 FINANCIAL STATEMENT CLEMSON UNIVERSITY - REIMBURSEMENT FROM CU FOR EXPENSES Q 13666 FINANCIAL STATEMENT CLEMSON UNIVERSITY - UPFIT OF LEASED SPACE IN BUILDING R 39440 FINANCIAL STATEMENT SCH R, PAGE 3 PART V AND SCHEDULE B GIFTS CLEMSON UNIVERSITY FOUNDATION (CUF) RECEIVES GIFTS ON BEHALF OF CLEMSON UNIVERSITY LAND STEWARDSHIP FOUNDATION, INC.(CULSF). GIFTS ARE DESIGNATED FOR CULSF BY THE DONORS. CUF DEPOSITS THOSE GIFTS TO RESTRICTED PROJECTS. FUNDS ARE TRANSFERRED TO CULSF UPON REQUEST. ONE GIFT SYSTEM IS MAINTAINED FOR CU AND ITS SUPPORTING ORGANIZATIONS. CULSF RECEIVED FEW GIFTS AND DOES NOT HAVE PROCEDURES TO FACILITATE THE RECEIPT OF GIFTS.