2012-11-09T15:44:07-06:00 2012-06-30 341451668 ANNESS GERLACH & WILLIAMS CPA'S PO BOX 3827 YOUNGSTOWN OH 445133827 990 2011-07-01 346576610 YOUNGSTOWN STATE UNIVERSITY FOUNDATION YOUN 3309413211 606 WICK AVENUE YOUNGSTOWN OH 44502 PAUL MCFADDEN 3309413211 2012-11-08 1 J JAMES GERLACH CPA P00172344 3307585716 2011 2016-02-24 21:20:13Z PAUL MCFADDEN 606 WICK AVENUE YOUNGSTOWN OH 44502 14012763 0 X WWW.YSU.EDU/YSUFOUNDATION X 1966 OH TO SUPPORT YOUNGSTOWN STATE UNIVERSITY BY PROVIDING SCHOLARSHIPS, LOANS & GRANTS TO STUDENTS & VARIOUS DEPARTMENTS. 44 43 6 0 0 0 2109463 2352041 0 0 6339190 6746963 0 0 8448653 9099004 5705952 5877614 0 0 279771 380032 0 0 128387 246059 373212 6231782 6630858 2216871 2468146 186490476 192435256 3570000 5165448 182920476 187269808 TO SUPPORT YOUNGSTOWN STATE UNIVERSITY BY PROVIDING SCHOLARSHIPS, LOANS & GRANTS TO STUDENTS & VARIOUS DEPARTMENTS. 0 0 5157940 5157940 YOUNGSTOWN STATE UNIVERSITY FOUNDATION PROVIDES ASSISTANCE IN THE FORM OF SCHOLARSHIPS TO APPROXIMATELY 3,600 ELIGIBLE GRADUATE AND UNDERGRADUATE STUDENTS AT YOUNGSTOWN STATE UNIVERSITY. 719674 719674 THE FOUNDATION ALSO PROVIDES GRANTS TO YOUNGSTOWN STATE UNIV. FOR THE PURPOSE OF LECTURES,SYMPOSIUMS,& FOR THE OPERATIONS OF VARIOUS DEPARTMENTS & CENTERS. 7640 THE FOUNDATION MAKES PENSION BENEFIT PAYMENTS TO APPROXIMATELY 3 RETIRED FACULTY MEMBERS/BENEFICIARIES OF THE ORIGINAL YOUNGSTOWN UNIVERSITY. DUE TO A MERGER THE FOUNDATION IS A SUCCESSOR OBLIGOR. 5885254 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 6 1 0 1 CJ 0 0 0 0 0 0 X 44 43 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X X MR PAUL MCFADDEN 3309413211 606 WICK AVE YOUNGSTOWN OH 44502 PAUL MCFADDEN 40.00 X X 11750 0 2625 EUGENIA ATKINSON 0.00 X 0 0 0 PETER J ASIMAKOPOULOS 0.00 X 0 0 0 GARY BITONTE 0.00 X 0 0 0 ALAN BRANT 0.00 X 0 0 0 WILLIAM J BRESNAHAN 0.00 X 0 0 0 LEE BURDMAN 0.00 X X 0 0 0 ANTHONY CAFARO SR 0.00 X 0 0 0 DONALD CAGIGAS 0.00 X 0 0 0 THOMAS J CAVALIER 0.00 X 0 0 0 YT CHIU JR 0.00 X 0 0 0 ALAN W COPE 0.00 X 0 0 0 REX FERRY 0.00 X 0 0 0 ELEANOR B FLAD 0.00 X 0 0 0 THOMAS FLEMING 0.00 X X 0 0 0 FRANK HIERRO 0.00 X 0 0 0 RICHARD J SCHIRALDI 0.00 X 0 0 0 RICHARD MCLAUGHLIN 0.00 X 0 0 0 GARRY MROZEK 0.00 X 0 0 0 THOMAS E NAUGHTON 0.00 X 0 0 0 JOSEPH S NOHRA 0.00 X 0 0 0 JOHN L POGUE 0.00 X 0 0 0 WILLIAM R ROESTI 0.00 X 0 0 0 WILLIAM RUSSELL 0.00 X 0 0 0 JOSEPH M SCHWEBEL 0.00 X 0 0 0 JAMES H SISEK 0.00 X 0 0 0 CR SMITH JR 0.00 X 0 0 0 WILLIAM SPENCER 0.00 X 0 0 0 RICHARD THOMPSON 0.00 X 0 0 0 MILLICENT COUNTS 0.00 X 0 0 0 FRANK C WATSON 0.00 X 0 0 0 PAUL J WILLIAMS 0.00 X X 0 0 0 WARREN P WILLIAMSON III 0.00 X 0 0 0 G LEO WINGER 0.00 X 0 0 0 JOCELYNE K LINSALATA 0.00 X 0 0 0 ROBERT O'LEARY 0.00 X 0 0 0 ANTHONY PAYIAVLAS 0.00 X 0 0 0 TED THORNTON 0.00 X 0 0 0 JAY WILLIAMS 0.00 X 0 0 0 BEN KECK 0.00 X 0 0 0 CARL A NUNZIATO 0.00 X 0 0 0 DON CONSTANTINI 0.00 X 0 0 0 C REID SCHMUTZ 40.00 X X 137800 0 26136 SUNDERSHAN K GARG 0.00 X 0 0 0 149550 0 28761 1 0 1 0 0 2352041 290795 2352041 5884496 5884496 5776226 4913759 862467 862467 862467 9099004 0 0 6746963 5877614 5877614 178311 140923 37388 130933 83033 47900 16881 9282 7599 31349 7640 23709 22558 16633 5925 4417 4417 36300 36300 205043 205043 24562 24562 29575 29575 27507 27507 10630 10630 14250 14250 2728 2728 5879 5879 DUES AND SUBSCRIPTIONS 7616 7616 MISCELLANEOUS 4705 4705 6630858 5885254 617217 128387 25 25 11796271 7469208 5142 12655 55452 40086 2921 15366 172454418 182748260 2231699 2189742 186490476 192435256 0 7508 3570000 5157940 3570000 5165448 X 136253162 138001777 2242833 2409930 44424481 46858101 182920476 187269808 186490476 192435256 X 2468146 1881186 X X 0 1 1 X 0 X 5186039 2578434 1881465 2109463 2352041 14107442 5186039 2578434 1881465 2109463 2352041 14107442 14107442 6593876 6921189 5449975 5773782 5884496 30623318 44730760 0.31540 0.32540 X SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: FORM 990, SCHEDULE A, PAGE 2, SECTION C, LINE 17A: YOUNGSTOWN STATE UNIVERSITY FOUNDATION HAS MET THE 10% "FACTS AND CIRCUMSTANCES" TEST UNDER TREASURY REGULATIONS SECTIONS 1.509(A)-2(A) AND 1.170A-9(F)(3) BECAUSE: - IT HAS RECEIVED 31.5% OF PUBLIC SUPPORT DURING THE APPLICABLE FIVE-YEAR COMPUTATION PERIOD - IT HAS A COMMUNITY BASED BOARD - IT CONDUCTS A CONTINUOUS PROGRAM TO ATTRACT NEW AND ADDITIONAL PUBLIC SUPPORT RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 6630858 6630858 481543 120386 0 0 514235 444138 461589 481543 1901505 2852258 25000 25000 128559 111035 115397 120386 475377 713066 25000 25000 180099982 1806560 8760700 5907659 184759583 148598282 1722670 35893150 6114120 180099982 135342188 1545918 17438563 5728387 148598282 155768092 2132500 -14671007 7887397 135342188 0.73330 0.25370 0.01300 0 0 55452 40086 15366 15366 9099004 6630858 2468146 1881186 1881186 4349332 10980190 1881186 1881186 9099004 0 9099004 6630858 0 6630858 0 6630858 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ORGANIZATION'S USE OF ENDOWMENT FUNDS ARE TO BE USED FOR SCHOLARSHIP AND OTHER SPECIFIED USES FOR THE BENEFIT OF YOUNGSTOWN STATE UNIVERSITY ITS STUDENTS AND RELATED ACTIVITIES AND PROGRAMS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE PROVISIONS OF "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" PRESCRIBES A RECOGNITION THRESHOLD AND A MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FOR THOSE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE AMOUNT RECOGNIZED IS MEASURED AS THE AMOUNT OF BENEFIT THAT IS GREATER THAN 50 PERCENT LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE FOUNDATION RECOGNIZES INTEREST AND PENALTIES ACCRUED RELATED TO UNRECOGNIZED TAX UNCERTAINTIES, IF ANY, IN INCOME TAX EXPENSE. AS A RESULT OF THE IMPLEMENTATION OF THIS STANDARD, THE FOUNDATION DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. 1 YOUNGSTOWN STATE UNIVERSITY ONE UNIVERSITY PLAZA YOUNGSTOWN OH 44555 341011998 170(B)(I)(A)(II) 5877614 TO EXCLUSIVELY SUPPORT YOUNGSTOWN STATE UNIVERSITY. PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE FOUNDATION EXCLUSIVELY SUPPORTS YOUNGSTOWN STATE UNIVERSITY WHICH IS LOCATED WITHIN THE UNITED STATES. X X X 0 1 0 0 0 0 0 0 0 C REID SCHMUTZ 99750 0 0 0 38050 0 7350 0 18786 0 163936 0 0 0 PART I, LINE 4B C. REID SCHMUTZ DEFERRED COMPENSATION IN THE AMOUNT OF $32,800. X 1 282045 FAIR MARKET VALUE X OFFICE FURNITURE 1 8750 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 IRS FORM 990 IS REVIEWED AND APPROVED BY THE FOUNDATION'S INVESTMENT COMMITTEE, EXECUTIVE COMMITTEE AND AUDIT COMMITTEE. THE FOUNDATION ALSO PROVIDED THE FORM 990 TO EACH VOTING MEMBER OF THE BOARD OF TRUSTEES IN PAPER AND/OR ELECTRONIC FORM. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES OF THE ORGANIZATION SIGN CONFLICT OF INTEREST POLICIES UPON ELECTION. CONFLICTS OF INTEREST ARE IDENTIFIED DURING BOARD MEETINGS BY THE TRUSTEES. ALSO, THE PRESIDENT MONITORS THE CONFLICTS OF INTEREST THROUGHOUT THE YEAR. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT'S COMPENSATION IS REVIEWED BY THE EXECUTIVE COMMITTEE AND APPROVED BY THE FULL BOARD OF TRUSTEES AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,881,186. FORM 990, PART XI, LINE 2C: THE ORGANIZATION'S BOARD OF TRUSTEES PROCESS OF ASSUMING RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED OR BEEN REVISED FROM THE PRIOR YEAR TO THE CURRENT YEAR.