2014-02-13T14:28:29-06:00 2013-06-30 201941244 HORNE LLP 1020 HIGHLAND COLONY PKWY STE 400 RIDGELAND MS 39157 990 2012-07-01 640929171 UNIVERSITY OF SOUTHERN MISSISSIPPI ATHLETIC FOUNDATION UNIV 6012665017 118 COLLEGE DRIVE 5017 HATTIESBURG MS 39406 CHRISTI HOLLOWAY 6012665017 2014-01-22 1 MARSHA H DIECKMAN CPA P00246741 6013261000 2014-01-22 2012 2015-11-30 17:44:51Z CHRISTI HOLLOWAY 118 COLLEGE DRIVE 5017 HATTIESBURG MS 39406 11284592 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. 31 30 0 14 0 0 6508806 8842444 0 0 177194 320358 -123994 -55409 6562006 9107393 4303788 4811430 0 0 409474 386082 0 0 235167 1336604 1758150 6049866 6955662 512140 2151731 11554792 13149271 10031506 9186864 1523286 3962407 THE MISSION OF THE ATHLETIC FOUNDATION IS TO PROVIDE FINANCIAL SUPPORT TO THE UNIVERSITY OF SOUTHERN MISSISSIPPI ATHLETIC PROGRAM. 0 0 6535093 4811430 168671 ACTIVITIES SPONSORED BY THE ATHLETIC FOUNDATION TO BENEFIT THE ATHLETIC PROGRAM AND THE STUDENT ATHLETES. 6535093 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 31 30 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 RICHARD JOHNSTON 0.50 X X 0 0 0 AL GORDY 0.50 X X 0 0 0 MACK GRUBBS 0.50 X X 0 0 0 GRANT DYESS 0.50 X X 0 0 0 JEFF HAMMOND 40.00 X X 0 161634 25238 DR GERRY FLETCHER 0.50 X 0 0 0 FORREST ROBERTS 0.50 X 0 0 0 CHARLIE ROGERS 0.50 X 0 0 0 DICK SIMMONS 0.50 X 0 0 0 LEIGH BREAL 0.50 X 0 0 0 DR MIKE MOLLESTON 0.50 X 0 0 0 DR CATHY SESSUMS 0.50 X 0 0 0 CLARENCE WEATHERSPOON 0.50 X 0 0 0 BILLY HEWES 0.50 X 0 0 0 MISSY MCGEE 0.50 X 0 0 0 RON SAVELL 0.50 X 0 0 0 JIM WARREN 0.50 X 0 0 0 JEFF BOWMAN 0.50 X 0 0 0 TOMMY DUFF 0.50 X 0 0 0 KEVIN GIDDIS 0.50 X 0 0 0 MIKE MARSHALL 0.50 X 0 0 0 JOHN POLK 0.50 X 0 0 0 SPENCER ADAMS 0.50 X 0 0 0 KRANDALL HOWELL 0.50 X 0 0 0 ROBERT C DEWS 0.50 X 0 0 0 MICKEY HUDSON 0.50 X 0 0 0 AUBREY COLLUM 0.50 X 0 0 0 MIKE LANDRUM 0.50 X 0 0 0 DR WAYNE ADKISON 0.50 X 0 0 0 NICK WELCH 0.50 X 0 0 0 VIC ROBERTS 5.00 X 0 0 0 CHRISTI HOLLOWAY 40.00 X 0 77430 16240 0 239064 41478 0 0 1 0 0 159632 392695 8290117 273587 8842444 151687 151687 2290461 2121790 168671 168671 168671 0 159632 55409 -55409 -55409 9107393 168671 0 96278 2743448 2743448 2067982 2067982 386082 150915 235167 33322 33322 13000 13000 19075 19075 94057 94057 49400 49400 104037 102215 1822 20398 19758 640 221324 219671 1653 456502 456502 6602 6602 9576 1168 8408 BAD DEBT EXPENSE 350025 350025 REPAIRS & MAINT. 141548 141242 306 DONOR RELATIONS 54315 54315 TELEPHONE 53976 53976 130993 128937 2056 6955662 6535093 185402 235167 2384576 3169544 382031 341410 3335558 4060168 433813 390083 76037 69435 4942777 5083065 0 35566 11554792 13149271 286592 290768 3580036 3351800 5472668 5075166 692210 469130 10031506 9186864 X -6481127 -5865299 3821198 5426631 4183215 4401075 1523286 3962407 11554792 13149271 X 2151731 78041 209349 X X 0 1 X 1 0 X 5057938 5366815 6109923 6257153 8568857 31360686 5057938 5366815 6109923 6257153 8568857 31360686 31360686 180637 180797 152782 140810 151687 806713 32167399 0.97490 0.97120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 0.88330 0.11670 0 0 0 INTEREST RATE SWAP 469130 469130 X 9227113 78041 41679 119720 9107393 0 9107393 7011071 55409 55409 6955662 0 6955662 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE EARNINGS ARE USED TO PROVIDE ATHLETIC SCHOLARSHIPS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE ATHLETIC FOUNDATION EVALUATES TAX POSITIONS TAKEN IN ACCORDANCE WITH FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES - AN INTERPRETATION OF FASB STATEMENT NO. 109, AS CODIFIED IN ASC TOPIC 740. THE ATHLETIC FOUNDATION HAD NO SIGNIFICANT UNCERTAIN TAX POSITIONS AT JUNE 30, 2013 OR 2012. TAX PERIODS FOR ALL FISCAL YEARS AFTER 2009 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 -13,730. FUNDRAISING EXPENSES INCLUDED IN INCOME 55,409. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES INCLUDED IN INCOME 55,409. BASEBALL GOLF FUNDRAISER 58578 58578 11005 MEN'S GOLF TEAM FUNDRAISER 36500 36500 16644 3 64554 64554 27760 159632 159632 55409 55409 -55409 1 UNIVERSITY OF SOUTHERN MISSISSIPPI 118 COLLEGE DRIVE HATTIESBURG MS 390460001 646000818 GOVT 2743448 AFFILIATE SUPPORT 1 SCHOLARSHIPS FOR STUDENT ATHLETES AT UNIVERSITY OF SOUTHERN MISSISSIPPI 280 2067982 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 JEFF HAMMOND 0 160935 0 0 0 699 0 22342 0 2896 0 186872 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 X IN KIND CONTRIBUTION OF LABOR/SERVICES 57 273587 FAIR MARKET VALUE OF SERVICES PROVIDED 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -13,730. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 223,079. INDEPENDENT ACCOUNTANT SELECTION AND MONITORING FORM 990, PART XII, LINE 2C PROCESS HAS NOT CHANGED FROM PRIOR YEAR. NON-STANDARD CONTRIBUTIONS SCHEDULE M- 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 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1