2013-11-14T11:51:11-06:00 2012-12-31 J WALKER & COMPANY APC 949 RYAN ST STE 100 LAKE CHARLES LA 706015247 990 2012-01-01 237052911 SOUTHERN UNIVERSITY SYSTEM FOUNDATION INC SOUT 2257713911 J S CLARK ADMINISTRATION BLDG 4 BATON ROUGE LA 70813 DR ERNIE HUGHES 2257713911 2013-11-14 false JONALD J WALKER III CPA 3374787902 2013-11-14 2012 2016-02-25 16:41:14Z DR ERNIE HUGHES PO BOX 9562 BATON ROUGE LA 70813 12994477 false X FOUNDATION.SUS.EDU X 1970 LA THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE THE EDUCATIONAL AND CULTURAL WELFARE OF SOUTHERN UNIVERSITY AND A&M COLLEGE SYSTEM AND TO PROVIDE ADDITIONAL RESOURCES FOR THE BENEFIT OF THE UNIVERSITY SYSTEM, TO ENCOURAGE, SOLICIT, RECEIVE, AND ADMINISTER GIFTS AND REQUESTS OF PROPERTY AND FUNDS FOR SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES, ALL FOR THE ADVANCEMENT OF THE SOUTHERN UNIVERSITY SYSTEM. 18 18 0 0 1681986 8429363 4945138 4417184 32450 33936 56668 113994 6716242 12994477 369366 562910 0 0 0 0 6484232 7281283 6853598 7844193 -137356 5150284 76351002 77272263 70925990 66615664 5425012 10656599 X THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE THE EDUCATIONAL AND CULTURAL WELFARE OF SOUTHERN UNIVERSITY AND A&M COLLEGE SYSTEM AND TO PROVIDE ADDITIONAL RESOURCES FOR THE BENEFIT OF THE UNIVERSITY SYSTEM, TO ENCOURAGE, SOLICIT, RECEIVE, AND ADMINISTER GIFTS AND REQUESTS OF PROPERTY AND FUNDS FOR SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES, ALL FOR THE ADVANCEMENT OF THE SOUTHERN UNIVERSITY SYSTEM. false false 7136595 562910 4417184 THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE THE EDUCATIONAL AND CULTURAL WELFARE OF SOUTHERN UNIVERSITY AND A&M COLLEGE SYSTEM AND TO PROVIDE ADDITIONAL RESOURCES FOR THE BENEFIT OF THE UNIVERSITY SYSTEM, TO ENCOURAGE, SOLICIT, RECEIVE AND ADMINISTER GIFTS AND REQUESTS OF PROPERTY AND FUNDS FOR SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES, ALL FOR THE ADVANCEMENT OF THE SOUTHERN UNIVERSITY SYSTEM. 7136595 true true false false false false false false false false true false false true true true true false false false false false false false false false false false true false true false false false false false false false false false true false false false false false true false false false true 84 0 0 false false false false false true true false false false false X 18 18 false false false false false false false true true false false true true true true false true false false false X SOUTHERN UNIVERSITY SYSTEM FOUNDATION OFFICES 2257713911 SOUTHERN UNIVERSITY-JS CLARK ADMIN 3RD FLOOR BATON ROUGE LA 70813 X ANNA M JONES 2.00 X X 0 0 0 JOSEPH A DELPIT 2.00 X X 0 0 0 ERNIE T HUGHES PHD 2.00 X X 0 0 0 DOMOINE D RUTLEDGE 2.00 X X 0 0 0 HENRY BAPTISTE 2.00 X 0 0 0 CALVIN BRAXTON 2.00 X 0 0 0 KELVIN CONEY 2.00 X 0 0 0 TIMOTHY HARDY ESQ 2.00 X 0 0 0 MARTIN W JOHNSON 2.00 X 0 0 0 LUKE LAVERGNE 2.00 X 0 0 0 DR RONALD MASON JR 2.00 X 0 0 0 IRVING MATTHEWS 2.00 X 0 0 0 DARRYL PETERSON MD 2.00 X 0 0 0 LEA POLK-MONTGOMERY 2.00 X 0 0 0 ALLEN SEMIEN 2.00 X 0 0 0 WILLIAM E TUCKER JR 2.00 X 0 0 0 DR LIZ WEST 2.00 X 0 0 0 GARY WILLIAMS 2.00 X 0 0 0 false false false TAYLOR PORTER ATTORNEYS AT LAW PO BOX 2471 BATON ROUGE LA 70821 LEGAL SERVICES 289565 M3A ARCHITECTS PLLC 4880 MCWILLIE CIRCLE JACKSON MS 39206 ARCHITECTURE 256325 THE BARTHWELL GROUP 2035 W BOSTON BLVD DETROIT MI 48206 CONSULTING 144786 3 8429363 8429363 RENTAL INCOME 531390 2699525 2699525 EVENT REVENUE 713990 1521884 1521884 SPONSORSHIPS 900099 195775 195775 4417184 33936 33936 OTHER INCOME 113994 113994 113994 12994477 4565114 X 562910 562910 847480 550344 297136 96713 88010 8703 415222 372847 42375 8562 6824 1738 126998 117670 9328 93673 81762 11911 3081976 3065788 16188 269776 269776 3702 1000 2702 UNIVERSITY PROGRAMS 2065087 2029275 35812 MATERIALS & SUPPLIES 161195 153095 8100 AMORTIZATION 60800 60800 CULTIVATION & RECREATION 35839 35624 215 14260 10646 3614 7844193 7136595 707598 0 12428602 9774356 1015282 4634595 167783 460686 53617744 52730526 917769 888378 3894260 2721476 2014081 1172784 4927391 932566 1262350 6678372 76351002 77272263 788140 1820130 4500000 58871251 57755093 312251 390562 6454348 6649879 70925990 66615664 X 5425012 1397884 6681169 2577546 5425012 10656599 76351002 77272263 5150284 52261 29042 X false true X true false X 1505857 1907621 2013847 1681986 8429363 15538674 10895 10895 1516752 1907621 2013847 1681986 8429363 15549569 15549569 3423886 45551 68484 32450 33936 3604307 19153876 4565114 0.81180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1005193 1005193 172125 59582 112543 24725 23640 1085 2692217 2638254 53963 1172784 CONSTRUCTION IN PROGRESS 5923826 BOND ISSUANCE COSTS 754546 6678372 DUE TO AFFILIATE 4773866 RENTAL DEPOSIT FUND 1876013 6649879 X 13253238 52261 206500 258761 12994477 12994477 8050693 206500 206500 7844193 7844193 LIABILITY UNDER FIN 48 FOOTNOTE SCHEDULE D, PAGE 3, PART X THE FOUNDATION OPERATES AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES AND THE EXCISE TAX WHICH APPLIES TO CERTAIN FOUNDATIONS. HOWEVER, THE FOUNDATION IS SUBJECT TO INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. SINCE THE FOUNDATION HAD NO UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2012, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION FILED FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF LOUISIANA. THE DEADLINE TO FILE THE FORM 990 FOR THE TAX YEAR ENDED DECEMBER 31, 2012 HAS BEEN EXTENDED UNTIL NOVEMBER 15, 2013. THE FOUNDATION HAS NOT FILED THEIR 2012 FORM 990 AS OF THE DATE THESE FINANCIAL STATEMENTS WERE AVAILABLE TO BE ISSUED. SHOULD THE FOUNDATION'S TAX STATUS BE CHALLENGED IN THE FUTURE, THE 2009, 2010, AND 2011 TAX YEARS ARE OPEN TO EXAMINATION BY THE IRS. IN JULY 2006, THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ISSUED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING AND DISCLOSURE FOR UNCERTAIN TAX POSITIONS. THIS INTERPRETATION REQUIRES COMPANIES TO USE A PRESCRIBED MODEL FOR ASSESSING THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF ALL TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN TAX RETURNS. THE FOUNDATION APPLIES A "MORE-LIKELY-THAN-NOT" RECOGNITION THRESHOLD FOR ALL TAX UNCERTAINTIES. THIS APPROACH ONLY ALLOWS THE RECOGNITION OF THOSE TAX BENEFITS THAT HAVE A GREATER THAN FIFTY PERCENT LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES. MANAGEMENT HAS EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOURE IN THE FINANCIAL STATEMENTS. true SCHOLARSHIPS 697 562910 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES SCHEDULE I, PAGE 1, PART I, LINE 2 SCHOLARSHIPS ARE AWARDED ON A SEMEMSTER BASIS AND DISBURSED DEPENDING ON STUDENTS' GRADE-POINT AVERAGE. STUDENTS MUST CONTINUE TO ATTEND CLASSES AND MAINTAIN NO LOWER THAN A 2.0 GPA. A LA PUBLIC FACILITIES AUTHORITY 2006-12-13 59990000 TO FINANCE THE DESIGN, DEVELOPMENT, ACQUISITION, CONSTRUCTION OF false false false A false false false false A false false false false false false false false A false false false false false false false false false A false PURPOSE OF ISSUE DESCRIPTION SCHEDULE K LA PUBLIC FACILITIES AUTHORITY FACILITIES SOUTHERN UNIVERSITY SYSTEM BOARD MEMBERS 3749525 RENT false ORGANIZATION'S MISSION FORM 990 - ORGANIZATION'S MISSION THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE THE EDUCATIONAL AND CULTURAL WELFARE OF SOUTHERN UNIVERSITY AND A&M COLLEGE SYSTEM AND TO PROVIDE ADDITIONAL RESOURCES FOR THE BENEFIT OF THE UNIVERSITY SYSTEM, TO ENCOURAGE, SOLICIT, RECEIVE, AND ADMINISTER GIFTS AND REQUESTS OF PROPERTY AND FUNDS FOR SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES, ALL FOR THE ADVANCEMENT OF THE SOUTHERN UNIVERSITY SYSTEM. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B ORGANIZATION'S FORM 990 IS REVIEWED AND APPROVED BY THE BOARD AND SIGNED BY AN APPROPRIATE BOARD MEMBER PRIOR TO FILING. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C ORGANIZATION REQUIRES ALL BOARD MEMBERS TO ANNUALLY DISCLOSE ALL POTENTIAL CONFLICTS OF INTEREST. POTENTIAL CONFLICTS ARE REVIEWED AND DISCUSSED BY THE BOARD AND THE APPROPRIATE ACTIONS ARE TAKEN FOR ANY ACTUAL CONFLICTS. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ORGANIZATION'S OFFICES. OTHER FEES FOR SERVICES FORM 990, PART IX, LINE 11G PROFESSIONAL FEES & CONTRACTS 539,615 287,818 0 STUDENT WORKERS 9,479 9,318 0 FACULTY/STAFF DEVELOPMENT 1,250 0 0 OTHER CHANGES IN NET ASSETS EXPLANATION FORM 990, PART XI, LINE 9 PRIOR YEAR ADJUSTMENT TO NET ASSETS 29,042 SOUTHERN UNIVERSITY SYSTEM JS CLARK ADMINISTRATION BUILDING BATON ROUGE LA 70813 726000817 EDUCATION LA 501C3 2 N/A false false false false false false false false false false false false false false false false false false false false