2013-03-08T10:01:36-06:00 2012-06-30 201941244 HORNE LLP 1020 HIGHLAND COLONY PKWY STE 400 RIDGELAND MS 39157 990 2011-07-01 640929171 UNIVERSITY OF SOUTHERN MISSISSIPPI ATHLETIC FOUNDATION UNIV 6012665017 118 COLLEGE DRIVE 5017 HATTIESBURG MS 39406 JEFFREY HAMMOND 6012665017 2013-02-25 1 MARSHA H DIECKMAN CPA P00246741 6013261000 2013-02-25 2011 2016-03-07 17:11:31Z JEFFREY HAMMOND 118 COLLEGE DRIVE 5017 HATTIESBURG MS 39406 9051723 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. 30 29 0 14 0 0 6116579 6508806 0 0 158010 177194 -85289 -123994 6189300 6562006 3945002 4303788 0 0 424042 409474 0 0 255483 1021070 1336604 5390114 6049866 799186 512140 11441266 11554792 10145041 10031506 1296225 1523286 THE MISSION OF THE ATHLETIC FOUNDATION IS TO PROVIDE FINANCIAL SUPPORT TO THE UNIVERSITY OF SOUTHERN MISSISSIPPI ATHLETIC PROGRAM. 0 0 5720227 4303788 36384 ACTIVITIES SPONSORED BY THE ATHLETIC FOUNDATION TO BENEFIT THE ATHLETIC PROGRAM AND THE STUDENT ATHLETES. 5720227 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 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 X 30 29 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 SPENCER ADAMS 0.50 X X 0 0 0 MACK GRUBBS 0.50 X X 0 0 0 AL GORDY 0.50 X X 0 0 0 RICHARD JOHNSTON 0.50 X X 0 0 0 MISSY MCGEE 0.50 X 0 0 0 MARK ROBERTS 0.50 X 0 0 0 WILL SPANN 0.50 X 0 0 0 GRANT DYESS 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 VIC ROBERTS 0.50 X 0 0 0 DR MIKE MOLLESTON 0.50 X 0 0 0 JOHN POLK 0.50 X 0 0 0 CLARENCE WEATHERSPOON 0.50 X 0 0 0 KEVIN GIDDIS 0.50 X 0 0 0 LEIGH BREAL 0.50 X 0 0 0 JIMMY PAYNE 0.50 X 0 0 0 KRANDALL HOWELL 0.50 X 0 0 0 DR WAYNE ADKINSON 0.50 X 0 0 0 ROBERT C DEWS 0.50 X 0 0 0 MICKEY HUDSON 0.50 X 0 0 0 MIKE MARSHALL 0.50 X 0 0 0 AUBREY COLLUM 0.50 X 0 0 0 MIKE LANDRUM 0.50 X 0 0 0 COL TYLER FLETCHER 0.50 X 0 0 0 NICK WELCH 0.50 X 0 0 0 JEFF HAMMOND 40.00 X X 0 80730 10626 KEN RUSHING 0.50 X 0 0 0 CATHY SESSUMS 0.50 X 0 0 0 RICHARD GIANNINI 0.50 X X 0 316613 35222 CHRISTI HOLLOWAY 40.00 X 0 71987 9077 0 469330 54925 0 0 1 0 0 244212 375515 5889079 251653 6508806 140810 140810 2402107 2365723 36384 36384 36384 0 244212 123994 -123994 -123994 6562006 36384 0 16816 2352942 2352942 1950846 1950846 409474 113415 40576 255483 10706 10706 15044 15044 18712 18712 99557 99557 29673 29673 110481 109089 1392 13592 12948 644 244849 244631 218 1151 1151 488139 488139 6605 6605 8365 500 7865 TELEPHONE 54923 54923 MEALS & ENT 49518 48996 522 DONOR RELATIONS 47735 47735 REPAIRS & MAINT. 42279 42279 95275 93985 1290 6049866 5720227 74156 255483 2602814 2384576 933460 382031 3520993 3335558 397067 433813 82642 76037 3904290 4942777 11441266 11554792 294812 286592 3798435 3580036 5635078 5472668 416716 692210 10145041 10031506 X -6547729 -6481127 3975536 3821198 3868418 4183215 1296225 1523286 11441266 11554792 X 512140 -285079 X X 0 1 1 X 0 X 6429979 5057938 5366815 6508806 6257153 29620691 6429979 5057938 5366815 6508806 6257153 29620691 29620691 210430 180637 180797 152782 140810 865456 30486147 0.97160 0.97010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4171249 314797 64383 52642 363 18712 4478712 3740015 55588 464175 51367 18980 18182 4171249 3394599 219059 166346 39989 3740015 0.93400 0.06600 0 0 0 INTEREST RATE SWAP 692210 692210 6562006 6049866 512140 -76332 -208747 -285079 227061 6676414 -76332 190740 114408 6562006 0 6562006 6173860 123994 123994 6049866 0 6049866 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: 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, 2012 OR 2011. TAX PERIODS FOR ALL FISCAL YEARS AFTER 2008 REMAIN OPEN TO EXAMINATION BY THE FEDERAL AND STATE TAXING JURISDICTIONS TO WHICH THE ATHLETIC FOUNDATION IS SUBJECT. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 66,746. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT -275,493. TOTAL TO SCHEDULE D, PART XI, LINE 8: -208,747. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 66,746. FUNDRAISING EXPENSES INCLUDED IN INCOME 123,994. PART XIII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES INCLUDED IN INCOME 123,994. DIRECTOR OF ATHLETIC EVENTS EVENT 96400 96400 50923 GOLF TOURNAMENT 46250 46250 12049 3 101562 101562 61022 244212 244212 123994 123994 -123994 1 UNIVERSITY OF SOUTHERN MISSISSIPPI 118 COLLEGE DRIVE HATTIESBURG MS 390460001 646000818 GOVT 2351669 AFFILIATE SUPPORT 1 SCHOLARSHIPS FOR STUDENT ATHLETES AT UNIVERSITY OF SOUTHERN MISSISSIPPI 280 1950846 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 X 0 0 0 0 0 0 0 0 0 RICHARD GIANNINI 0 298000 0 18613 0 0 0 29420 0 5802 0 351835 0 0 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 4000000 3077718 80000 842282 2009 1 0 1 1 0 0 0 0 1 0 1 1 BANCORPSOUTH BANK 10.000000000000 0 0 0 0 0 X IN KIND CONTRIBUTION OF LABOR/SERVICES 62 251653 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 5: NET UNREALIZED LOSSES ON INVESTMENTS: -76,332. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 66,746. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT -275,493. TOTAL TO FORM 990, PART XI, LINE 5: -285,079. INDPENDENT 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 1 1 0 0 0 1