2012-03-12T07:30:41-07:00 2011-06-30 Watson Rice LLP 500 NW 165th Street Road 205 Miami FL 331696303 990 2010-07-01 596175096 FAMU FOUNDATION INC FLOR 8505993860 PO BOX 6562 TALLAHASSEE FL 32314 Juanita Johnson 2012-03-12 Ronald Thompkins 3059471638 2010 2016-02-24 21:20:13Z 59647790 false false X www.famu.edu X 1966 FL The Foundation's purpose is to aid in the advancement of the University's objectives and purposes. 24 24 0 24 0 4746379 5366749 0 4846071 5786175 931635 1129818 10524085 12282742 1993059 2110270 0 898096 1226099 35144 107400 1109703 4073783 5871526 7000082 9315295 3524003 2967447 98948419 113631525 1484384 2232654 97464035 111398871 The Foundation's purpose is to aid in the advancement of the University's objectives and purposes. false false 5847912 The Foundation's purpose is to aid in the advancement of the Florida Agricultural & Mechanical University's objectives and purposes. Program Service Expenses represent University Support, Scholarships and Grants. University Support include expenses incurred for scholarship administration, seminars and dinners. Scholarships and grants include charges for tuition fees, room and board, books and stipends for scholars in various academic disciplines. 5847912 true false false false false false false false false true true true false true true false true true false false false false false true true false false false true true false false false false false false false false false false false false false false false false true false false false false true 77 0 true 0 false false false true CJ false false false false false false false false 0 false false false false false false false false false false false X 24 24 false false false false false false false true true false false false true true true true true true true true false false X X X Juanita Johnson 8505593860 1030 East Lafayette Street Tallahassee FL 32301 Twuanna Munroe 5.00 X X 0 0 0 Thomas L Mitchell Sr 1.00 X 0 0 0 Thomas Jones Jr 5.00 X 0 0 0 Shundrawn Thomas 1.00 X 0 0 0 Sharon Saunders 50.00 X 0 165000 0 Rubey M Lucas 1.00 X 0 0 0 Oscar A Joyner 1.00 X 0 0 0 Mr Milton L Jones 5.00 X 0 0 0 Michael Titze 1.00 X 0 0 0 Keith Clinkscales 1.00 X 0 0 0 Katina Willams 40.00 X 110080 0 0 Juanita Johnson 40.00 X 96000 0 0 Joseph W Hatchett 1.00 X 0 0 0 James H Ammons 50.00 X X 263550 225000 52650 Hosetta Coleman SPHR 1.00 X 0 0 0 Gerald C Grant Jr 1.00 X 0 0 0 Eddie Long 1.00 X 0 0 0 Dr William J Bryant 1.00 X 0 0 0 Dr Mirion P Bowers 1.00 X 0 0 0 Dr Joseph L Webster 1.00 X X 0 0 0 Dr Harold Martin 1.00 X 0 0 0 Corey L Alston 5.00 X X 0 0 0 Col Brodes H Hartley Jr 1.00 X 0 0 0 Charles Langston 5.00 X 0 0 0 Chan Bryant Abney Esq 5.00 X X 0 0 0 Carmen Cummings Martin 5.00 X 0 116000 0 Carla Willis 50.00 X 0 176129 0 Betty Holzendorf 5.00 X 0 0 0 Alfreda Blackshear 1.00 X 0 0 0 469630 682129 52650 2 true true false Sodexho Marriott 1500 Wahnish Way Tallahassee FL 32307 Catering Services 269390 Salmon Smith Barney Inc 666 Third Avenue New York NY 10017 Investment Mngmnt 462724 Ruffalocody LLC 65 Kirkwood North Road SW Cedar Rapids IA 52404 Fundraising Services 153977 3 119074 83933 480412 4683330 5366749 0 2747058 2747058 0 0 0 50292065 47252948 3039117 3039117 3039117 95290 83933 112100 -16810 0 0 Other Income 900099 299493 299493 Administrative Fees 561000 847135 847135 1146628 12282742 3876876 3039117 1 1 2110269 2110269 0 0 537080 537080 0 689019 21368 667651 0 0 0 0 0 13000 13000 0 107400 107400 409085 340939 29429 38717 10905 10905 194828 124319 17229 53280 461637 309351 21313 130973 0 0 104762 42953 61809 600123 399327 29656 171140 0 44228 26254 6722 11252 0 0 1269 1269 19214 10776 8438 Reimbursements for grant costs 375538 375538 Provision for doubtful account 963125 674188 288937 Entertainment & dinners 657438 448269 17054 192115 Contractual Services 593354 575659 17695 Administrative charges 846635 846635 576385 388701 71795 115889 9315295 5847912 2357680 1109703 764647 941831 0 1933348 1109206 0 0 0 18250 24926 0 0 45701 37569 5199 8132 41613068 46535655 28598489 30793320 0 0 26015418 34218455 98948419 113631525 81905 171310 1402479 2061344 1484384 2232654 X 1143985 683212 17067975 30985603 79252075 79730056 97464035 111398871 98948419 113631525 X 2967447 10967389 X false true false X false false X 5354293 5837479 6301072 4316856 5366749 27176449 0 0 5354293 5837479 6301072 4316856 5366749 27176449 0 27176449 3554227 3061068 2754896 2533854 2747058 14651103 0 1129435 1141006 1115283 1139369 1127181 5652274 47479826 0.57240 0.50400 X 96211837 477981 3190844 -300248 -1481433 -15696 98083285 94168660 183403 3960417 -304127 -1787257 -9258 96211837 92285132 1441259 3111586 -809645 -1836864 -22808 94168660 0.81300 0.18700 false false false 45701 37569 8132 8132 21230726 F 30793320 Other receivables 31616 34218455 Scholarships payable 664528 Agency Liability 1396816 2061344 12282742 9315295 2967447 10967389 10967389 13934836 12282742 12282742 12282742 9315295 9315295 9315295 Part V, Line 4 Part V, Line 4: Intended uses of the endowment fund. THE ENDOWMENT FUNDS ARE USED TO FURTHER THE EDUCATION AND WELFARE OF FLORIDA A&M UNIVERSITY (FAMU), ITS FACULTY AND STUDENTS; TO ATTRACT EXPERIENCED AND SCHOLARLY INSTRUCTORS, EDUCATORS AND SCIENTISTS; TO IMPROVE THE EDUCATIONAL FACILITIES, INCLUDING HOUSING AND TEACHING AIDS; AND TO PROVIDE SCHOLARSHIPS FOR NEEDY STUDENTS. X X X X X X X true RuffaloCODY 65Kirkwood N Rd Cedar Rapi IA 52404 Annual Phonatho false 137516 107400 30116 137516 107400 30116 CO WA WI VA UT TN SD SC PA OR OK OH NY NJ NH ND NC MS MO MI ME MA KY KS IL GA FL CT CA AZ AR AL Homecoming Gala 120148 57523 62625 90456 Presidents Cup Golf Tournament 59075 26410 32665 1550 7854 12240 179223 83933 95290 1550 7854 102696 112100 -16810 Part I, Line 2b - Fundraiser Additional Information RuffaloCODY65 Kirkwood North Road SWCedar Rapids, Iowa 52404 FLORIDA A&M UNIVERSITY FLORIDA AM UNIVERSITY TALLAHASSEE FL 32307 590977035 3737643 0 AID IN THE ADVANCEMENT OF THE UNIV 1 0 Scholarships and Grants 1679 2110269 X X X true true X X X false false false false false false false false false false Sharon Saunders 165000 165000 James H Ammons 100000 225000 113750 49800 39000 13650 316200 225000 316200 Carla Willis 175000 1129 176129 175000 Sch J, Part I, Line 1a Part I, Line 1a: Relevant information in regards to selections on 1a. The Foundation provides the President a housing allowance which is included as taxable compensation and is authorized in the President's employment contract. The Foundation paid for social club dues and initiation fees specifically for fundraising purposes for the President. The University President's contract authorizes the Foundation to provide the President with club memberships for bona fide business related purposes (e.g. fundraising events, etc.) to further enable him to carry out his duties as President. The Foundation paid for reasonable travel expenses for the President's spouse when accompanying him on University-related business, serving a bona fide business purpose, up to a maximum of $5,000 annually which is authorized by the University President's contract. SCHEDULE J, PART II THE AMOUNTS LISTED ON LINE (i) OF SCHEDULE J, REPRESENT THE AMOUNT OF COMPENSATION THAT THE FOUNDATION REIMBURSES TO THE UNIVERSITY FOR EMPLOYEE COMPENSATION EXPENSES. THE AMOUNTS REPORTED ON LINE (ii) REPRESENT THE AMOUNTS PAID DIRECTLY BY THE UNIVERSITY AND ARE NOT REIMBURSABLE BY THE FOUNDATION. FORM 990, PART VIII LINE 11A ADMINISTRATIVE FEES REPRESENT PAYMENTS RECEIVED BY FAMU FOUNDATION FROM THE CONTRIBUTORS TO SUPPORT THE ACTIVITIES OF THE FAMU FOUNDATION. THEY ARE BASED ON SIZE AND TYPE OF DONATIONS RECEIVED BY THE UNIVERSITY. FORM 990, PART 1, QUESTION 5 FAMU FOUNDATION RECEIVES BILLINGS FROM AND PAYS/REIMBURSES THE UNIVERSITY CONTROLLER'S OFFICE FOR COMPENSATION AND BENEFITS DUE TO EMPLOYEES SERVING THE FOUNDATION. THE EMPLOYEES ARE PAID DIRECTLY BY THE FLORIDA A&M UNIVERSITY, TALLAHASSEE, FL 32301. THESE AMOUNTS ALSO CORRESPOND TO THE NOTE FOR SCHEDULE J BELOW. Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available All governing documents are made available after submission of a public records request (Telephonically, electronic, of written requests). In addition, the Foundation's Form 990 and other governing documents are available on the Foundation's website at: http://www.famu.edu/index.cfm?GiveToFAMU&FoundationDocumentLibraryListing Form 990, Part VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The Foundation Board recommends guidelines for compensation, in advance of payment, to the covered individual, the board relies on comparability data that demonstrate the fair market value of the compensation in question (e.g. expert compensation studies by independent firms and written job offers for positions at similar organizations, etc.), then the Board documents how it reached its decision, including the data on which it relied to make the decision and then prepares a recommendation for compensation for review and approval. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts THE FOUNDATION'S CONFLICT OF INTEREST POLICY REQUIRES DISCLOSURE OF CONFLICTS BY BOARD MEMBERS. ON JULY 1, THE BEGINNING OF EACH FISCAL YEAR, CONFLICT OF INTEREST DISCLOSURE FORMS ARE FORWARDED TO EACH BOARD MEMBER. ANY RESPONSES THAT INDICATE A POSSIBLE CONFLICT OF INTEREST IS REVIEWED BY THE BOARD CHAIR, VICE PRESIDENT/EXECUTIVE DIRECTOR, UNIVERSITY PRESIDENT AND GENERAL COUNSEL TO DETERMINE WHETHER FURTHER ACTION IS NECESSARY. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process The FORM 990 IS REVIEWED AND APPROVED BY THE FOUNDATION AUDIT COMMITTEE, THEN FORWARDED TO THE FULL FOUNDATION BOARD FOR ITS REVIEW AND APPROVAL. Client Note 1 - FAMU Foundation IRS Form 990 2010Schedule R, Part 5, lines 1.l - 1.nAmounts not presented, as these amounts are indeterminable. Florida A&M University PO Box 6562 Tallahassee FL 32314 590977035 Degree granting institutions FL 501(c)(3) School NA false false false false false false false false false false false true true true true true false false false Florida A&M University o 2110269 Actual cost Florida A&M University k 1109703 Actual Cost