2014-03-10T20:08:39-05:00 2013-06-30 592922169 SALTMARSH CLEAVELAND & GUND 900 NORTH 12TH AVENUE PENSACOLA FL 32501 990 2012-07-01 596166292 UNIVERSITY OF WEST FLORIDA FOUNDATION INC UNIV 8504743118 11000 UNIVERSITY PKWY BLDG 12 PENSACOLA FL 325145732 SHERI POPE 8504742487 2014-03-07 1 MOLLY MURPHY CPA P00985783 8504358300 2014-03-06 2012 2015-11-30 17:44:51Z SHERI POPE 11000 UNIVERSITY PKWY BLDG 12 PENSACOLA FL 325145732 58883447 0 X WWW.UWF.EDU/FOUNDATION X 1965 FL SEE SCHEDULE O. 26 24 0 0 3698 0 4076386 2894148 10033172 11675851 3444626 5377954 26480 65805 17580664 20013758 915862 1074260 0 0 2917765 3629615 49744 63908 375221 8977369 11673139 12860740 16440922 4719924 3572836 134088951 138597358 59441933 57367862 74647018 81229496 X SOLICITING, RECEIVING, AND ADMINISTERING GIFTS AND BEQUESTS OF PROPERTY AND FUNDS FOR SCIENTIFIC, EDUCATIONAL, AND CHARITABLE PURPOSES ALL FOR THE ADVANCEMENT OF THE UNIVERSITY OF WEST FLORIDA (UWF). TO PROMOTE AND SUPPORT EDUCATION AND EDUCATION FACILITIES, INCLUDING HOUSING AT UWF. 0 0 10792687 11734914 STUDENT HOUSING PROGRAM - THE UWF DEPARTMENT OF HOUSING AND RESIDENCE LIFE PROVIDES HOUSING FOR APPROXIMATELY 18%, I.E., OVER 2,111 STUDENTS AND 88 STUDENT STAFF, OF THE UNIVERSITY'S STUDENT BODY OF 12,013. OCCUPANCY OF DORMS IS CONSISTENTLY MAINTAINED AT 100%. IN ADDITION TO RESIDENTIAL SERVICES, HOUSING OFFERS OVER 3,000 EDUCATIONAL AND SOCIAL PROGRAMS DESIGNED TO ENHANCE THE STUDENTS' LEARNING ENVIRONMENT AS WELL AS ENRICH THE STUDENTS' COLLEGE EXPERIENCE. 855410 855410 0 STUDENT SCHOLARSHIP PROGRAM: THE UWF FOUNDATION AWARDED MORE THAN $1,247,289 IN SCHOLARSHIPS TO 899 UWF STUDENTS. THESE SCHOLARSHIPS HELPED TO ENSURE THOSE STUDENTS GAINED A HIGHER EDUCATION. ONE OF THE NEWER SCHOLARSHIPS PROMOTED DURING THE YEAR WAS THE FIRST GENERATION SCHOLARSHIP. THIS SCHOLARSHIP ENABLES STUDENTS, WHO ARE FIRST GENERATION IN THEIR FAMILY TO ATTEND COLLEGE, TO BE ABLE TO AFFORD COLLEGE TUITION. THE FOUNDATION RAISED AND AWARDED $391,879 OF FIRST GENERATION SCHOLARSHIPS DURING THE YEAR. 441452 EMINENT SCHOLARS AND PROFESSORSHIPS: THE UWF FOUNDATION HAD 2 EMINENT SCHOLARS AND 4 DISTINGUISHED PROFESSORS DURING THE FISCAL YEAR. THESE PROFESSORSHIPS HELPED TO ADVANCE THE EDUCATIONAL MISSION OF THE UNIVERSITY BY HAVING DISTINGUISHED AND SPECIALIZED PROFESSORS TEACH STUDENTS. 2940743 218850 65169 ALL OTHER PROGRAMS: THE UWF FOUNDATION HAS AGENCY ACCOUNTS WHICH SUPPORT THE MISSION OF CERTAIN DEPARTMENTS AND COLLEGES WITHIN THE UNIVERSITY. THESE ACCOUNTS PRIMARILY CONSIST OF DONATED FUNDS TO HELP SUPPORT FACULTY SALARIES, STUDENT SCHOLARSHIPS, LEARNING ENVIRONMENTS, PROFESSIONAL DEVELOPMENT, AND LECTURES. 2940743 218850 65169 15030292 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 0 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 50 0 1 0 1 1 1 CJ 0 0 0 1 1 0 0 0 1 0 X 26 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 AK AZ CA CO HI KY LA ME MD MA MI MN NH NJ NY OH OK OR SC UT WA WV WI DC AR MO MS ND NH X X SHERI POPE 8504743380 11000 UNIVERSITY PKWY BLDG 12 PENSACOLA FL 32514 C RAY JONES 0.60 X X 0 0 0 JOHN HUTCHINSON 0.30 X X 0 0 0 RICHARD PETERSON 0.40 X X 0 0 0 WAYNE WILLIAMS 0.70 X X 0 0 0 PATRICIA DENKLER 0.30 X 0 0 0 DR JUDITH BENSE 0.20 39.80 X 0 360422 70215 LUKE VAN BLARICOM 0.40 X 0 0 0 KELDRICK AVERHART 0.30 X 0 0 0 LAVERNE BAKER 0.40 X 0 0 0 DOUG DOBSON 0.10 X 0 0 0 JIM DONATELLI 0.00 X 0 0 0 RICK FOUNTAIN 0.10 X 0 0 0 ALAN GIESEMAN 0.10 X 0 0 0 TIM HAAG 0.20 X 0 0 0 BRIAN HAUGEN 0.20 X 0 0 0 DAVID HIGHTOWER 0.40 X 0 0 0 DENNIS LARRY 0.10 X 0 0 0 DAN MCMILLAN 0.20 X 0 0 0 DR JOHN PLATT 0.30 X 0 106668 5434 STEVE RIGGS 0.10 X 0 0 0 DEBBIE RITCHIE 0.10 X 0 0 0 RICHARD SANFILIPPO 0.10 X 0 0 0 GORDON SPRAGUE 0.30 X 0 0 0 MELINDA WEBB-SCHWARTZ 0.20 X 0 0 0 BRIAN WYER 0.30 X 0 0 0 SHERI POPE 40.00 0.00 X 0 73879 4898 JEFFREY DJERLEK 40.00 0.00 X 0 57419 2895 KYLE MARRERO 0.60 39.40 X 0 171480 10770 FRANK RANELLI 0.00 40.00 X 0 166488 33868 CHULA KING 0.00 40.00 X 0 201024 13578 DAVID MARKER 0.00 40.00 X 0 219786 0 MATTHEW ALTIER 0.00 40.00 X 0 204033 7083 DOUG WAGGLE 0.00 40.00 X 0 184619 16669 0 1745818 165410 0 0 1 0 THE HASKELL COMPANY 111 RIVERSIDE AVENUE JACKSONVILLE FL 32202 CONSTRUCTION 2696898 JANI-KING 122 WEST PINE STREET PONCHATOULA LA 70454 JANITORIAL SERVICES 610296 OTIS ELEVATOR PO BOX 905454 CHARLOTTE NC 28290 ELEVATOR REPAIR & MAINT 180568 PEOPLES PAINTING COMPANY 9931 HARLINGTON ST CANTONMENT FL 21422 PAINTING SERVICES 152285 CHARTWELLS 11000 UNIVERSITY PARKWAY PENSACOLA FL 32514 CATERING SERVICES 122315 5 8620 2885528 101638 2894148 RENTAL INCOME - HOUSING 721310 11389239 11389239 RENTAL INCOME - OTHER 900099 227813 227813 58799 58799 11675851 1201440 117862 1083578 58504 58504 43045834 38869320 4176514 4176514 4176514 1300 8620 369 931 931 MISCELLANEOUS REVENUE 900099 6370 2672 3698 6370 20013758 11796385 3698 5319527 1074260 1074260 3629615 2933023 535443 161149 16230 826 15404 81400 12265 69135 70150 10000 60150 63908 63908 323253 5125 318128 391286 514915 -126285 2656 414115 360627 30749 22739 395913 252342 65338 78233 1299598 1297550 2048 413848 360858 25802 27188 118066 104898 2530 10638 2673387 2673387 2779475 2779475 269604 255694 13910 REPAIR/MAINTENANCE/SUPP 1164960 1164753 112 95 UNIVERSITY/STAFF SUPPOR 885030 885030 HOUSING RELATED EXPENSE 265357 265357 MISCELLANEOUS 93962 62402 22945 8615 17505 17505 16440922 15030292 1035409 375221 2957822 9849 15900197 16464448 2580949 2560380 269952 132031 76997 92781 75271103 19421623 54731069 55849480 41335150 45532853 14377988 16137315 1858827 1818221 134088951 138597358 2178856 1173798 57062717 55174768 200360 1019296 59441933 57367862 X 11670526 13096145 16001026 20377939 46975466 47755412 74647018 81229496 134088951 138597358 X 3572836 3025665 -16023 X 0 1 X 1 0 X 2346122 2939498 2916218 4076386 2894148 15172372 2346122 2939498 2916218 4076386 2894148 15172372 15172372 2348371 1156203 1211005 1004513 1083578 6803670 12500 217796 76392 56137 111081 473906 22449948 34451269 0.67580 0.70700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 70150 70150 14960095 15030245 901512 225378 0 0 669858 744045 725177 901512 3040592 4560888 60225 55150 70150 70150 255675 167465 186011 181294 225378 760148 1140222 47675612 792557 8110569 737846 1180507 973586 53686799 52292344 574051 -2573643 637572 1040245 939323 47675612 42891001 1379922 10633089 632011 1047701 931956 52292344 39183437 1169999 5032996 565859 1031677 897895 42891001 54255781 1313613 -12398267 1004494 1810024 1173172 39183437 0.02880 0.84880 0.12240 0 0 1454483 1454483 73197153 19115255 54081898 465051 306368 158683 154416 154416 55849480 COMMINGLED FUNDS 13744979 F PRIVATE EQUITY FUNDS 1404859 F REAL ESTATE INVESTMENT TRUSTS 987477 F 16137315 SPLIT INTEREST AGREEMENTS 202782 FUNDS HELD FOR WEST FLORIDA HISTORIC PRESERVATION, INC. 816514 1019296 X 23025900 3025665 -13523 3012142 20013758 0 20013758 16440922 0 16440922 0 16440922 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE INCOME FROM THE ENDOWMENT FUNDS IS TO BE USED FOR SCHOLARSHIPS, PROFESSORSHIPS, AND PROGRAMS OF THE UNIVERSITY OF WEST FLORIDA. ALL FUNDS ARE USED TO ADVANCE THE MISSION OF THE UNIVERSITY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE FOUNDATION IS A NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN INVESTMENT ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. WITH A FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR YEARS BEGINNING BEFORE 2010. IN ADDITION, THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION (170)(B)(1)(A)(VI) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN S/I AGREEMENT VALUE -13,523. CENTRAL AMERICA AND CARIBBEAN 0 0 INVESTMENT 14635000 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD 5000 EUROPE 0 0 PROGRAM SERVICES STUDY ABROAD 18750 0 0 0 0 0 0 14658750 0 14658750 1 0 0 1 1 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: GRANTS AND OTHER ASSISTANCE AWARDED TO INDIVIDUALS OUTSIDE THE UNITED STATES REPRESENTS STUDENT FINANCIAL AID. STUDENTS RECEIVING FINANCIAL AID ARE DETERMINED BY THE FOUNDATION GRANT COMMITTEE. THE COMMITTEE USES CRITERIA THAT ASSESSES ON THE BASIS OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS. THE OFFICE OF FINANCIAL AID AND THE FOUNDATION CONTINUOUSLY MONITOR STUDENT ELIGIBILITY FOR THESE AWARDS. CURRENTLY, THE UNIVERSITY IS IN THE FINAL PHASE OF A SOFTWARE CONVERSION WHICH WILL ENHANCE AVAILABLE SCHOLARSHIP REPORTING. SCHEDULE F, PART I, LINE 3: THE ACCOUNTING METHOD USED IS THE ACCRUAL METHOD. FORM 990, PAGE 3, LINE 16; SCHEDULE F, PART III THE FOUNDATION DOES PROVIDE MORE THAN $5,000 OF GRANTS OR ASSISTANCE TO INDIVIDUALS OUTSIDE OF THE UNITED STATES. HOWEVER, THAT INFORMATION IS MAINTAINED AT THE UNIVERSITY LEVEL. CURRENTLY, THE UNIVERSITY IS IN THE FINAL PHASE OF A SOFTWARE CONVERSION WHICH WILL ENHANCE AVAILABLE SCHOLARSHIP REPORTING. X X X X X X 1 CHARITABLE ADULT RIDES & SERVICES INC 4669 MURPHY CANYON 100 SAN DIEGO CA 92123 VEHICLE PROGRAM 1 49575 18882 30692 ELIZABETH G HAMBLETON 1198 BAY COURT DESTIN FL 32541 UNDERWRITING 0 47654 15055 32599 ALEXANDER HAAS 3520 PIEDMONT ROAD SUITE 300 ATLANTA GA 30305 CONSULTING 0 0 58264 0 RAFFALOCODY LLC 65 KIRKWOOD NORTH ROAD SW CEDAR RAPIDS IA 52404 PHONATHON 0 0 18600 0 97229 110801 63291 AK AR AZ CA CO CT DC HI KY LA MA MD ME MI MN MO MS ND NH NJ NY OH OK SC UT VA WA WI AL FL IL KS NM NC OR PA RI TN WV EXPLANATION OF FUNDRAISING PAYMENTS SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE FOUNDATION CONTRACTS WITH CHARITABLE ADULT RIDES & SERVICES, INC. (CARS) (FEIN 20-0290042) TO OPERATE ITS VEHICLE DONATION PROGRAM. CARS ACTS AS THE FOUNDATION'S AUTHORIZED AGENT TO ACCEPT DONATED VEHICLES AND SELL THEM TO DEALERS, WHOLESALERS, OR AT AUCTIONS. UPON TRANSFER OF THE VEHICLE OWNERSHIP BY THE DONOR, CARS SENDS A DONATION RECEIPT TO THE DONOR. IN A TIMELY MANNER (NO LESS THAN MONTHLY), CARS PROVIDES PERTINENT DONOR AND VEHICLE INFORMATION TO THE FOUNDATION. SUBSEQUENT TO THE SALES OF THE VEHICLE(S), CARS REMITS THE PROCEEDS, LESS APPLICABLE COMMISSIONS, TO THE FOUNDATION. 1 SCHOLARSHIPS 899 1074260 FAIR MARKET VALUE N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: SCHOLARSHIPS AND GRANTS ARE AWARDED BY THE FOUNDATION THROUGH THE UNIVERSITY OF WEST FLORIDA (UWF). UWF ADHERES TO ANY APPLICABLE STATE AND FEDERAL GUIDELINES, AS WELL AS THE GUIDELINES FROM DONOR AGREEMENTS. THE FOUNDATION REIMBURSES UWF FOR AWARDS TO STUDENTS, THUS NO DIRECT PAYMENTS ARE MADE TO GRANT/SCHOLARSHIP RECIPIENTS FROM THE FOUNDATION. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 DR JUDITH BENSE 0 320422 0 40000 0 0 0 50715 0 19500 0 430637 0 0 KYLE MARRERO 0 171480 0 0 0 0 0 10270 0 500 0 182250 0 0 FRANK RANELLI 0 166488 0 0 0 0 0 11368 0 22500 0 200356 0 0 CHULA KING 0 201024 0 0 0 0 0 13578 0 0 0 214602 0 0 DAVID MARKER 0 219786 0 0 0 0 0 0 0 0 0 219786 0 0 MATTHEW ALTIER 0 204033 0 0 0 0 0 2904 0 4179 0 211116 0 0 DOUG WAGGLE 0 184619 0 0 0 0 0 11669 0 5000 0 201288 0 0 PART I, LINE 1A PART I, LINE 1A - HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: J. BENSE AND D. MARKER RECEIVED HOUSING ALLOWANCES. THESE PAYMENTS WERE A PART OF THEIR RESPECTIVE COMPENSATION PACKAGES AND ARE INCLUDED IN W-2 INCOME. PART I, LINE 1A - HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: DR. JUDITH A. BENSE IS A MEMBER OF MCGUIRE'S IRISH POLITICIAN'S CLUB AND THE ROTARY CLUB OF PENSACOLA. FRANK RANELLI AND MATHEW ALTIER ARE ALSO MEMBER OF THE ROTARY CLUB OF PENSACOLA. DR. KYLE MARRERO IS A MEMBER OF PENSACOLA COUNTRY CLUB. THESE MEMBERSHIPS ARE USED TO PROMOTE THE UNIVERSITY OF WEST FLORIDA. A ESCAMBIA COUNTY FLORIDA HOUSING FINANCE AUTHORITY - 2005 SERIES 593010066 296120BJ6 2005-12-01 18290000 TO REFUND THE 2002 DORMITORY REVENUE BONDS 0 0 0 B ESCAMBIA COUNTY FLORIDA HOUSING FINANCE AUTHORITY - 2009 SERIES 593010066 NONEXXXXX 2009-04-24 15000000 BANK LOAN TO FINANCE CONSTRUCTION OF STUDENT HOUSING 0 0 0 C ESCAMBIA COUNTY FLORIDA HOUSING FINANCE AUTHORITY - 2010 SERIES 593010066 NONEXXXXX 2010-12-30 11717000 REFUND THE 1998 DORMITORY REVENUE BONDS 0 0 0 D ESCAMBIA COUNTY FLORIDA HOUSING FINANCE AUTHORITY - 2011 SERIES 593010066 296120CU0 2011-02-15 16189083 DORMITORY REVENUE BONDS FOR CONSTRUCTION OF STUDENT HOUSING 0 0 0 A 18370470 17725312 310158 335000 1 1 1 1 B 15000000 1000000 969221 136000 12894779 2010 0 0 1 1 C 11717000 11619336 97664 1 0 1 1 D 16189083 316533 15306709 2012 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 D 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 X 56 49575 IMMEDIATE SALE OF ITEM X 7 8573 HIGH/LOW AVG @ GIFT DATE X 2 2000 SEE COMMENTS - PART II X 1 1650 MENU VALUE X MODEL SHIPS 3 21500 APPRAISED VALUE X RAYTHEON CYBER TRAI 1 12500 COURSE COST X ELECTRIC SUPPLY 1 3840 INVOICE VALUE X MISCELLANEOUS 4 2000 SEE COMMENTS - PART II 0 0 1 1 THIRD PARTY USE: PART I, LINE 32B: LINE 32(B): THE FOUNDATION CONTRACTS WITH CHARITABLE ADULT RIDES & SERVICES, INC. (CARS) (FEIN 20-0290042) TO OPERATE ITS VEHICLE DONATION PROGRAM. CARS ACTS AS THE FOUNDATION'S AUTHORIZED AGENT TO ACCEPT DONATED VEHICLES AND SUBSEQUENTLY SELL THEM TO DEALERS, WHOLESALERS, OR AT AUCTIONS. UPON TRANSFER OF THE VEHICLE'S TITLE BY THE DONOR, CARS SENDS A DONATION RECEIPT TO THE DONOR. CARS NOTIFIES THE FOUNDATION ON A TIMELY BASIS WITH THE PERTINENT DONOR AND VEHICLE INFORMATION. SUBSEQUENT TO THE SALE OF THE VEHICLE(S), CARS REMITS TO THE FOUNDATION PROCEEDS LESS THE APPLICABLE COMMISSIONS. NON REPORTING OF REVENUE: PART I, LINE 33: REVENUES FOR NON-CASH CONTRIBUTIONS NOTED IN LINE 18 AND LINE 28 ARE NOT REPORTED BECAUSE (1) THE COST OF AN APPRAISAL OR VALUATION WOULD EXCEED THE BENEFIT OF THE GIFT; AND/OR (2) NO MARKET READILY EXISTS FOR THE SALE OF THESE ITEMS. PART 1, LINE 18: INCLUDED IN THIS CATEGORY ARE A SAMURAI WARRIOR ARMOR FOR THE JAPAN HOUSE; ORCHESTRAL CLASSICAL SHEET MUSIC COLLECTION FOR THE DEPT. OF MUSIC. PART 1, LINE 28: INCLUDED IN THIS CATEGORY ARE A HOTEL FRONT DESK WITH GRANITE TOP ; THREE BESELER 23C ENLARGERS WITH REPLACEMENT PARTS. DURING THE FISCAL YEAR, THERE WERE DONATIONS OF MARKETABLE SECURITIES RECEIVED AS PLEDGE PAYMENTS. SUCH PLEDGE PAYMENTS HAVE BEEN CREDITED AGAINST THE PLEDGE RECEIVABLE RATHER THAN CURRENT YEAR CONTRIBUTION INCOME AND ARE NOT INCLUDED IN LINE 9 (SECURITIES - PUBLICLY TRADED.) LINES 1 THROUGH 28, COLUMN (B): PER SCHEDULE M INSTRUCTIONS, THE NUMBER OF ITEMS RECEIVED (EXCEPT FOR LINE 9, "SECURITIES PUBLICLY TRADED") ARE REPORTED IN COLUMN (B). FOR LINE 9 ITEMS, THE NUMBER OF CONTRIBUTIONS RECEIVED (VERSUS NUMBER OF EQUITY SHARES) ARE REPORTED. FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO THE BOARD OF DIRECTORS' MEETING IN MARCH, A DRAFT OF FORM 990 IS REVIEWED BY THE AUDIT BUDGET COMMITTEE. AFTER IMPLEMENTING THE COMMITTEE'S COMMENTS AND SUGGESTIONS, FOUNDATION STAFF PREPARES ANOTHER DRAFT OF FORM 990 AND FORWARDS A COPY TO EACH BOARD MEMBER. AT MARCH'S MEETING, FORM 990 IS THEN REVIEWED BY THE FULL BOARD. SUBJECT TO THE BOARD'S SUGGESTED EDITS AND SUBSEQUENT APPROVAL, FORM 990 IS PREPARED FOR FILING. FOUNDATION STAFF OBTAINS THE APPROPRIATE SIGNATURES AND MAILS THE TAX RETURN TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, EACH BOARD MEMBER RECEIVES A CONFLICT OF INTEREST QUESTIONNAIRE. ALL BOARD MEMBERS ARE REQUIRED TO FILL OUT AND SIGN THE QUESTIONNAIRE. BOARD MEMBERS OR OFFICERS WHO HAVE DECLARED OR HAVE BEEN FOUND TO HAVE A CONFLICT OF INTEREST SHALL REFRAIN FROM CONSIDERATION OF PROPOSED TRANSACTIONS, UNLESS FOR SPECIAL REASONS THE BOARD OR ADMINISTRATION REQUESTS INFORMATION OR INTERPRETATION. PERSONS WITH CONFLICTS SHALL NOT VOTE, PARTICIPATE IN DISCUSSION OR BE PRESENT AT THE TIME OF THE VOTE. ANY PROPOSED TRANSACTION IN WHICH A CONFLICT OF INTEREST HAS BEEN DECLARED OR FOUND TO EXIST MUST BE APPROVED BY A MAJORITY OF THE DISINTERESTED MEMBERS OF THE BOARD OR THE APPROPRIATE COMMITTEE OF THE BOARD AFTER DISCLOSURE OF THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY OF WEST FLORIDA'S BOARD OF TRUSTEES DETERMINES AND APPROVES ALL COMPENSATION. THE DETERMINATION INCLUDES CONSIDERING COMPENSATION RELATIVE TO THE MARKET LEVEL FOR THE JOB. CONSIDERATION MAY BE GIVEN TO SUBSTANTIAL, DIRECTLY RELATED EXPERIENCE AND COMPARABLE INTERNAL SALARIES, WHICH MAY INCLUDE FACTORS SUCH AS JOB PERFORMANCE AND LEVEL OF RESPONSIBILITY. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES THEIR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH THEIR WEBSITE AND UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN S/I AGREEMENT -13,523. CHANGE IN ESTIMATE -2,500. FORM 990, PART VIII, LINE 11B UNRELATED BUSINESS INCOME FROM PARTNERSHIPS $3,698 FORM 990, PART XII, LINE 2C THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. UNIVERSITY OF WEST FLORIDA 11000 UNIVERSITY PARKWAY PENSACOLA FL 32514 592976783 HIGHER EDUCATION FL 115(1) N/A N/A 0 WEST FLORIDA HISTORIC PRESERVATION INC 120 CHURCH STREET PENSACOLA FL 32501 237009319 HISTORIC PRESERVATION FL 501(C)(3) 170(B)(1)(A)(IV) N/A 0 UWF BUSINESS ENTERPRISES INC 11000 UNIVERSITY PARKWAY BUILDING 1 PENSACOLA FL 32514 320367342 HIGHER ED DEVELOPMNT FL 501(C)(3) 170(B)(1)(A)(V) N/A 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 1 1 WEST FLORIDA HISTORIC PRESERVATION INC R 816514 ACCRUAL ACCOUNTING UNIVERSITY OF WEST FLORIDA L 375221 ACCRUAL ACCOUNTING UNIVERSITY OF WEST FLORIDA O 1617234 ACCRUAL ACCOUNTING UNIVERSITY OF WEST FLORIDA P 4169437 ACCRUAL ACCOUNTING PART V, SECTION 2, LINE 1 THE UWF FOUNDATION ENTERED INTO A MEMORANDUM OF UNDERSTANDING WITH THE WEST FLORIDA HISTORIC PRESERVATION, INC. ("WFHPI"), ANOTHER DSO OF THE UNIVERSITY, WHERE WFHPI MAY TRANSFER CURRENT CASH ASSETS TO THE FOUNDATION TO INVEST ON THEIR BEHALF. THESE FUNDS ARE INVESTED AS A QUASI-ENDOWMENT WITH THE UWF FOUNDATION AND ARE PART OF THE INVESTMENT POOL SUBJECT TO SPENDING AND INVESTMENT POLICIES OF THE UWF FOUNDATION. PART V, SECTION 2, LINE 2 THE UWF FOUNDATION PROVIDES ALL THE FUNDRAISING EFFORTS FOR THE UNIVERSITY OF WEST FLORIDA. THE AMOUNT OF $375,221 WAS THE AUDITED FINANCIAL STATEMENT COST OF THE FOUNDATION PROVIDING THESE SERVICES. PART V, SECTION 2, LINE 3 THE UWF FOUNDATION AND THE UNIVERSITY OF WEST FLORIDA SHARE FUNDRAISING EMPLOYEES, THE FOUNDATION PAYS A PORTION OF FACULTY SALARIES FROM PROGRAM AND PROFESSORSHIP ACCOUNTS, AND THE FOUNDATION PAYS A PORTION OF STAFF SALARIES FROM PROGRAM ACCOUNTS. THE AMOUNT OF $1,617,234 IS INCLUDED IN THE AMOUNT REPORTED IN PART V, SECTION 2, LINE 4 OF $4,169,437. PART V, SECTION 2, LINE 4 THE UWF FOUNDATION TRANSFERS CASH TO THE UNIVERSITY OF WEST FLORIDA TO PROCESS SHARED PAYROLL EXPENSES, FOUNDATION STAFF PAYROLL EXPENSES, AND TO SUPPORT PROGRAM EXPENSES AT THE UNIVERSITY. THE TOTAL OF $4,169,437 INCLUDES $1,617,234 THAT IS INCLUDED IN PART V, SECTION, 2, LINE 3.