2014-11-26T09:26:24-06:00 2014-06-30 202153727 SB & Company LLC 200 International Circle Suite 5500 Hunt Valley MD 21030 990 2013-07-01 520952758 Bowie State University Foundation Inc BOWI 3018604308 14000 Jericho Park Road Bowie MD 20715 Dr Richard Lucas Executive Director 3018604308 2014-11-26 1 Monique Booker P00644231 4105840060 2014-11-14 2013 2015-11-30 17:44:51Z Dr Richard Lucas 14000 Jericho Park Road Bowie MD 20715 1611613 0 X N/A X 1972 MD To facilitate fundraising and stewardship efforts of Bowie State University. 17 16 0 20 0 0 583481 799829 0 0 363230 527742 120176 138723 1066887 1466294 289619 386376 0 0 49951 51543 0 0 0 622536 612069 962106 1049988 104781 416306 6930775 7501404 13567 29109 6917208 7472295 To facilitate fund-raising efforts that seek from private sources contributions in support of the activities and mission of Bowie State University. BSUF assumes oversight of gift administration for contributions to the University including gift acceptance. 0 0 1007786 386376 To provide oversight of gift administration for contributions to the University including gift acceptance, acknowledgement and stewardship to gifts received. 1007786 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 0 0 0 0 0 0 0 0 0 0 0 X 17 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MD X Jacquelyn Eubanks-Rudd 3018604308 14000 Jericho Park Road Bowie MD 20715 X Jacqueline Sales Chairman 2.00 X X 0 0 0 The Honorable Albert R Wynn Vice Chairman 2.00 X X 0 0 0 Keith Holmes Treasurer 2.00 X X 0 0 0 A Toni Lewis Secretary 2.00 X X 0 0 0 Robert J Antonetti Jr Member 1.00 X 0 0 0 Judith Ann Gebhardt LMFT PHD Member 1.00 X 0 0 0 Andrew M Roud Member 1.00 X 0 0 0 Mrs Mildred Ridgley Gray Member 1.00 X 0 0 0 Craig Stevenson Member 1.00 X 0 0 0 Dr Karl Brockenbrough Ex-Officio Member 1.00 X 0 0 0 Dr Mickey L Burnim Ex-Officio Member 1.00 X 0 0 0 Dr John A Word Sr Ex-Officio Member 1.00 X 0 0 0 C Glenn Mahone Member 1.00 X 0 0 0 Kimberly A Stokes Member 1.00 X 0 0 0 LaRian Finney Member 1.00 X 0 0 0 The Honorable Geraldine Valentino-S Member 1.00 X 0 0 0 Robert G Johnson Member 1.00 X 0 0 0 Isaac Trouth Member 1.00 X 0 0 0 Jacquelyn Eubanks-Rudd Chief Financial Officer 20.00 X 0 0 0 Dr Richard L Lucas Jr Executive Director 3.00 X 0 0 0 0 0 0 0 0 0 0 0 799829 799829 1631 1631 625495 99384 526111 526111 526111 67693 45935 21758 21758 Other Revenue 900099 116965 116965 116965 1466294 116965 0 549500 X 386376 386376 51543 48966 2577 160083 134465 25618 161623 157750 3873 2641 2641 9102 9102 6999 5092 1907 Provision for doubtful 197026 197026 Other fees 63217 57631 5586 Food services 11378 11378 1049988 1007786 42202 0 291786 142822 137694 138735 305265 324639 8118 2984 6193061 6884106 2969 0 6930775 7501404 13567 29109 13567 29109 X 614461 635981 1825690 2347257 4477057 4489057 6917208 7472295 6930775 7501404 416306 138781 0 X X 0 1 X 1 0 X 694913 268317 349406 568281 799829 2680746 694913 268317 349406 568281 799829 2680746 2680746 182623 168370 325333 311669 101631 1089626 189057 189057 3959429 92543 0.67710 0.75340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5691053 12000 509688 121734 6091007 5524834 18792 354838 207411 5691053 5354330 374999 12696 217191 5524834 4642985 144001 769545 202201 5354330 3710111 493777 532159 93062 4642985 0.08000 0.79000 0.13000 1 0 0 Investments 6884106 F 6884106 X 1651010 138781 45935 184716 1466294 0 1466294 1095923 45935 45935 1049988 0 1049988 Part V, Line 4: The endowment funds are used to support the activities of Bowie State University, chiefly through the issuance of scholarships to students. Part X, Line 2: FIN 48 Footnote - The Foundation is a not-for-profit organization exempt from Federal income taxes under Section 501(c)(3) of the Internal Revenue Code and is recognized as such by the Internal Revenue Service. The Foundation has also been classified as an entity that is not a private foundation within the meaning of Section 509(a)(1). Accounting principles generally accepted in the United States establishes guidelines for recognizing, measuring, and disclosing tax return positions in financial statements. Management has evaluated the tax positions of the Foundation and determined that the application of these accounting principles had no material impact on its financial statements. Accordingly, no adjustments for unrecognized tax benefits or related interest or penalties were required as of June 30, 2014 and 2013. If applicable, the Foundation would recognize accrued interest and penalties related to unrecognized tax benefits in the statement of activities and changes in net assets. Management is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits would significantly increase or decrease during the next twelve months. Each of the tax years in the four-year period ending June 30, 2014, remains subject to examination by Federal taxing authorities; however, certain state taxing authorities may lengthen this period to four years. Part XI, Line 2d - Other Adjustments: Special Event Expenses 45,935. Part XII, Line 2d - Other Adjustments: Special Event Expenses 45,935. Annual Gala 67693 67693 45935 67693 67693 45935 45935 21758 0 Scholarships 181 386376 Form 990, Part V, Line 2a: All paid personnel of Bowie State University Foundation are employees of Bowie State University. As such, the University handles all payroll services and these employees are reported under the employer identification number (EIN) of the University. The related payroll expenses associated with these employees is allocated to the Foundation by the University and is included in the Foundation's books as a reimbursement to the University. Form 990, Part VI, Section B, line 11 The Audit and Finance Committee meet, review, discuss and approve the Form 990 and it is then mailed to the full Board prior to being filed to the IRS. Form 990, Part VI, Section B, line 12c Officers and directors are required to complete the conflict of interest disclosure form and it is updated annually. Disclosure and discussion is required for those who have declared conflicts. The discussion is conducted by either the Chairman of the Board or the Executive Director of the Foundation. In addition, individuals who are identified as having a conflict of interest might be required to have a consultation with the Chairman of the Board, the Executive Director, legal counsel, the executive committee or the full Board in executive session. Decisions are made on a case by case basis and depending on the actual relationship, the consequences would be determined based on the facts and the situation. Form 990, Part VI, Section B, line 15 Form 990, Part VI, Line 15a: The Executive Director, who primarily serves as the Vice President for Institutional Advancement, is selected by a search committee. They are not necessarily independent persons. The salary is determined by the University's human resources department in conjunction with negotiations from the perspective candidate and governing rules of the position, class and range. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part IX, line 11g Contractual services: Program service expenses 134,465. Management and general expenses 25,618. Fundraising expenses 0. Total expenses 160,083. Form 990, Part XII, Line 2c: The process has not changed from prior year.