2012-03-05T21:12:20-06:00 2011-06-30 MCGLADREY & PULLEN LLP 7351 OFFICE PARK PL MELBOURNE FL 32940 990 2010-07-01 590917284 FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC FLOR 5612972891 777 GLADES ROAD ADM 295 BOCA RATON FL 33431 JENNIFER O'FLANNERY ANDERSON PHD 5612972891 2012-02-01 THERESA A BURDINE 3217516200 2010 2016-02-24 21:20:13Z JENNIFER O'FLANNERY 777 GLADES ROAD ADM 295 BOCA RATON FL 33431 104161019 0 X HTTP://FAUF.FAU.EDU X 1960 FL TO SUPPORT FLORIDA ATLANTIC UNIVERSITY. 25 25 0 35 10250 0 7070116 10038908 629524 604993 -3033727 5822529 1415185 1513645 6081098 17980075 2360846 2659058 0 0 3859315 3629012 64896 47637 1086438 5489647 5361187 11774704 11696894 -5693606 6283181 200071099 227911152 18480274 18118387 181590825 209792765 X THE MISSION OF THE FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC. IS TO ENCOURAGE, PROMOTE, AND PROVIDE FUNDS AND OTHER RESOURCES FOR THE BENEFIT OF FLORIDA ATLANTIC UNIVERSITY (A PART OF THE FLORIDA STATE UNIVERSITY SYSTEM) IN FURTHERANCE OF ITS MISSIONS AND PURPOSES AND TO SECURE THE APPLICATION OF THESE FUNDS IN THE BEST MANNER ADAPTED TO THE CONDITIONS OF TIME AND TO THE NEEDS OF FAU. 0 0 2659058 2659058 PROVIDED OVER 800 STUDENTS WITH SCHOLARSHIPS FROM DONATED GIFTS. 2308682 PROVIDE SUPPORT FOR THE SALARIES OF OUR EMINENT SCHOLARS, PROFESSORS, AND OTHER FACULTY AND STAFF. 4547675 607493 PROVIDE GENERAL SUPPORT TO THE FLORIDA ATLANTIC UNIVERSITY IN THE FORM OF PAYMENTS SUCH AS BUT NOT LIMITED TO GUEST LECTURERS, OPERATIONAL AND CONFERENCE EXPENSES, TRAVEL, CONSULTING, AND EVENTS. 9515415 1 1 0 1 0 1 1 0 1 1 1 0 1 1 1 1 1 0 0 1 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 0 1 X 114 0 1 0 1 1 1 TU CJ VI BD 0 0 1 1 1 1 0 0 0 1 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X SHARON BROWN 5612972891 777 GLADES ROAD BOCA RATON FL 33431 BRUCE H ALLEN 1.00 X 0 0 0 BARRY S BERG 0.50 X 0 0 0 DANIEL CANE 0.50 X 0 0 0 JOSEPH W COLLARD 0.50 X 0 0 0 STEPHEN CONSTANTINE 0.50 X 0 0 0 HOWARD R COOPER 0.50 X 0 0 0 MICHAEL L DAVIS 0.50 X 0 0 0 CHRISTOPHER FLUEHR 0.50 X 0 0 0 MARLEEN FORKAS 0.50 X 0 0 0 LOUISE GRANT 0.50 X 0 0 0 J GELB IRA MD 0.50 X 0 0 0 DAVID J GURY 0.50 X 0 0 0 CECELIA JAMES 0.50 X 0 0 0 J RANDY JUSTICE 1.00 X 0 0 0 MICHAEL I KAUFMAN 1.00 X 0 0 0 GARY LESSER 0.50 X 0 0 0 PETER LOBELLO 0.50 X 0 0 0 ALLEN MCGEE 0.50 X 0 0 0 PATRICIA MCKAY 0.50 X 0 0 0 RAYMOND MONTELEONE 0.50 X 0 0 0 WILLIAM MORRIS 0.50 X 0 0 0 NEALE J POLLER 0.50 X 0 0 0 CHARLES E RUTHERFORD 0.50 X 0 0 0 EDWARD SABIN 0.50 X 0 0 0 NEIL SCHILLER 0.50 X 0 0 0 STEVEN R SPONDER 0.50 X 0 0 0 JUDITH T KAYE 0.50 X 0 0 0 CHRISTOPHER WHEELER 0.50 X 0 0 0 RHYS L WILLIAMS 0.50 X 0 0 0 M J SAUNDERS 0.50 X 0 194195 17537 MARLIS HADEED 0.50 X 0 0 0 ROMAYNE BERRY 0.50 X 0 0 0 AYDEN MAHER 0.50 X 0 0 0 THOMAS WORKMAN 0.50 X 0 0 0 DONNA GRUBMAN 0.50 X 0 0 0 JAMES SEITZ 0.50 X 0 0 0 ALENE BREWER 0.50 X 0 0 0 WILLIAM MCDANIEL 0.50 X 0 188304 31892 RANDY TALBOT 40.00 X 0 239140 47245 SHARON BROWN 40.00 X 95532 0 25773 LAURIE CARNEY 40.00 X 57183 57183 38804 DIANNE REEVES 40.00 X 73294 33865 11279 AVEY WEBERMAN 40.00 X 50935 54738 28153 KEITH FRIES 40.00 X 0 113414 26898 JENNIFER DUBUQUE 40.00 X 113528 0 29772 390472 880839 257353 1 0 1 0 CHARTWELLS 777 GLADES ROAD BOCA RATON FL 33431 CATERING SERVICES 331410 HAMMONDMERCER ASSOCIATES 101 S HANLEY STE 300 ST LOUIS MO 63105 CONSULTING - INVESTMENT 217977 2 1624 282222 253575 114088 9387399 472643 10038908 ACADEMIC PROGRAMS 900099 148924 148924 SPONSORSHIP REVENUE 900099 148747 148747 COMMUNITY PROGRAMS AND 900099 126069 126069 CONFERENCES AND OTHER 900099 114320 114320 OTHER PROGRAM SERVICE 900099 66933 66933 604993 3049695 3049695 146703 146703 1009145 18280 990865 990865 990865 88540366 85767532 2772834 2772834 2772834 585273 253575 388440 196833 196833 107771 6692 101079 101079 OTHER INCOME 900099 67915 67915 ADVERTISING REVENUE 900099 10250 10250 78165 17980075 672908 10250 7258009 2659058 2659058 535712 120000 106452 309260 2460297 1943504 224697 292096 217069 121679 31039 64351 186739 85521 36761 64457 229195 157858 25333 46004 135000 135000 37996 111 37885 63600 63600 29133 29133 47637 47637 442434 401260 41174 318969 264043 52679 2247 39214 38714 500 781150 456066 152746 172338 173383 98397 37336 37650 2620 1310 1310 4522 4522 339542 329389 3584 6569 300520 294084 3786 2650 54669 5240 49429 1403310 1403310 4816 756 4060 47580 14028 32268 1284 EQUIPMENT 311599 311318 61 220 ENTERTAINMENT 304459 262202 2538 39719 EVENTS HOSTED 275176 256239 17551 1386 MISCELLANEOUS 203563 172373 35030 -3840 MAINTENANCE AND REPAIR 87932 86610 222 1100 11696894 9515415 1095041 1086438 632173 628110 9211602 12532682 2806016 3043064 4676639 183686 4497769 4492953 116400687 129249025 48684610 60282858 2719552 3283966 15118690 14398494 200071099 227911152 1814862 1761573 1632838 822149 15032574 15534665 18480274 18118387 X 3381719 5968772 40582582 64011555 137626524 139812438 181590825 209792765 200071099 227911152 X 6283181 21918759 X X 0 1 1 X 1 1 X 19562087 11890654 10986065 8713877 10041791 61194474 2568182 2129359 2056016 1855063 2247046 10855666 22130269 14020013 13042081 10568940 12288837 72050140 3210007 68840133 5574391 5463735 4717265 3749620 4205543 23710554 57693 56924 118997 347141 75666 656421 96417115 4973929 0.71400 0.69380 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 29133 29133 11670644 11699777 734989 183747 0 0 938398 999235 958455 755849 3651937 5477906 250360 213993 43103 29133 536589 234600 249809 239614 188962 912985 1369478 X 0 5.00 0 0 1 0 0.00 0 4824995 X X 0 156417348 3261626 28172216 5673666 2438988 179738536 142227630 2409111 14706954 -212146 1121692 1592509 156417348 182792983 1605315 -34819309 5360782 1990577 142227630 0.03250 0.96750 1 0 4439639 4439639 237000 183686 53314 4492953 DIVERSIFIED PORTFOLIOS 60282858 F 60282858 ART COLLECTIONS 4380954 NET INVESTMENTS IN DIRECT FINANCING-TYPE LEASE 9690000 OTHER ASSETS 327540 14398494 CERTIFICATES OF PARTICIPATION 9690000 ADVANCES PAYABLE 5099027 REFUNDABLE ADVANCES & DEFERRED REVENUES 745638 15534665 17980075 11696894 6283181 24518572 -2599813 21918759 28201940 44780486 24518572 2338878 -28018 26829432 17951054 442433 -413412 29021 17980075 16578546 2338878 2985207 5324085 11254461 442433 442433 11696894 DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: IN THE ORGANIZATION'S BALANCE SHEET AS AN ASSET (LAND). PART III, LINE 4: THE FAU FOUNDATION'S COLLECTION OF ART IS SUBSTANTIALLY A COLLECTION OF OIL PAINTINGS DEPICTING THE FLORIDA LANDSCAPE, ESPECIALLY IN THE SOUTHERN REGION OF FLORIDA. WE ALSO HAVE RUSSIAN PRINTS, BRONZE STATUES AND COLLECTIONS OF GLASS AND MODEL SHIPS. OUR HISTORICAL TREASURES INCLUDE BOOKS AND ARTIFACTS FROM THE HOLOCAUST AND OTHER RARE BOOKS. ALL OF OUR PIECES IN THE COLLECTION PROVIDE AN AESTHETIC VIRTUE TO OUR WORK AND LEARNING ENVIRONMENT, WHILE ENCOURAGING AN INTEREST IN THE FINE ARTS AND ITS HISTORY . DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: FIN 48 STATEMENT: MANAGEMENT AND THE BOARD HAVE EVALUATED UNRELATED BUSINESS INCOME TAX IMPLICATIONS AND BELIEVE THAT THE EFFECTS, IF ANY, ARE IMMATERIAL TO THE FOUNDATION'S FINANCIAL STATEMENTS. PART XI, LINE 8: WRITE OFF AND PROVISION FOR UNCOLLECTIBLE PLEDGES RECEIVABLE ($1,880,403) WRITE OFF OF IMPAIRED ART COLLECTIONS $(691,392) ACTUARIAL ADJUSTMET ON CGAS $(28,018) PART XII, LINE 2D: ACTUARIAL ADJUSTMENT ON CGAS ($28,018) PART XII, LINE 4B: EVENT EXPENSE $(388,440) RENT EXPENSE $(18,280) COST OF GOODS SOLD $(6,692) PART XIII, LINE 2D: WRITE OFF AND PROVISION FOR UNCOLLECTIBLE PLEDGES RECEIVABLE $1,880,403 WRITE OFF OF IMPAIRED ART COLLECTIONS $691,392 EVENT EXPENSE $388,440 RENT EXPENSE $18,280 COST OF GOOD SOLD $6,692 CENTRAL AMERICA AND THE CARIBBEAN - 0 0 SEMINARS, CONFERENCES AND RESEARCH. 5970 EAST ASIA AND THE PACIFIC 0 0 SEMINARS, CONFERENCES AND RESEARCH. 13385 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 SEMINARS, CONFERENCES AND RESEARCH. 32619 MIDDLE EAST AND NORTH AFRICA 0 0 SEMINARS, CONFERENCES AND RESEARCH. 4966 NORTH AMERICA 0 0 SEMINARS, CONFERENCES AND RESEARCH. 13567 RUSSIA & THE NEWLY INDEPENDENT STATES 0 0 SEMINARS, CONFERENCES AND RESEARCH. 3808 SOUTH AMERICA 0 0 SEMINARS, CONFERENCES AND RESEARCH. 1644 SOUTH ASIA 0 0 SEMINARS, CONFERENCES AND RESEARCH. E039703 - 12/07/11 03:46PM WORKSHEET SCHEDULE F 5474 0 0 0 0 0 0 81433 0 81433 1 0 0 0 1 0 X X 1 RUFFALO CODY 65 KIRKWOOD NORTH ROAD SW CEDAR RAPIDS IA 52404 PHONE SOLICITATIONS 0 25398 47366 -21968 25398 47366 -21968 KEEP MEMORIES ALIVE WALK 176124 18716 157408 1575 12757 TRUMP TOURNAMENT 151738 151738 2400 2175 80885 11 509775 234859 274916 65000 123124 92716 837637 253575 584062 67400 126874 186358 380632 203430 EXPLANATION OF FUNDRAISING PAYMENTS SCHEDULE G, PART I, LINE 2B, COLUMN (V) PHONE-A-THON SOLICITATIONS AND FOLLOW-UP. 1 FLORIDA ATLANTIC UNIVERSITY 777 GLADES ROAD BOCA RATON FL 33431 650385507 2659058 STUDENT SCHOLARSHIPS PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE FOUNDATION SENDS FUNDS TO THE UNIVERSITY FOR STUDENT SCHOLARSHIPS. THE UNIVERSITY DETERMINES THE SCHOLARSHIP RECIPIENTS ACCORDING TO DONOR SCHOLARSHIP CRITERIA. ALL QUALIFYING CRITERIA ARE LISTED ON THE AWARD SHEET AND SENT TO THE FOUNDATION. THE FUNDS ARE SENT TO THE UNIVERSITY AFTER THE OFFICE OF STUDENT FINANCIAL AID VERIFIES THE STUDENT'S STATUS. THE FOUNDATION HAS ACCESS TO STUDENT SCHOLARSHIP REPORTS AND WILL REQUEST REFUNDS FOR ANY SCHOLARSHIP NOT AWARDED DUE TO A CHANGE IN THE STUDENT'S STATUS. X X X X 1 1 X X 0 0 0 0 0 0 0 0 0 M J SAUNDERS 0 190809 0 0 0 3386 0 13038 0 4549 0 211782 0 0 WILLIAM MCDANIEL 0 186822 0 0 0 1482 0 17713 0 14464 0 220481 0 0 RANDY TALBOT 0 233214 0 0 0 5926 0 32552 0 14698 0 286390 0 0 LAURIE CARNEY 57025 57025 0 0 158 158 11977 11977 7578 7579 76738 76739 0 0 PART I, LINE 1A THESE ITEMS ARE ALLOWED FOR THE UNIVERSITY PRESIDENT ONLY FOR BONA FIDE BUSINESS PURPOSES ONLY. X 11 63088 APPRAISAL X 12026 APPRAISAL X 13028 FAIR MARKET VALUE X 1 11615 FAIR MARKET VALUE X 2 15865 AVERAGE HIGH LOW VALUE X 2 153890 APPRAISAL X SOFTWARE LICENSE 1 150000 FAIR MARKET VALUE X EQUIPMENT 3 9631 FAIR MARKET VALUE X OTHER EQUIPMENT 3 2286 FAIR MARKET VALUE X MUSICAL EQUIPMENT 2 13670 FAIR MARKET VALUE X SUPPLIES 1 1395 FAIR MARKET VALUE X JEWELRY 10 22007 FAIR MARKET VALUE X OTHER GIFTS 10 4142 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE FAUF BOARD HAS DELEGATED THE RESPONSIBILITY TO REVIEW AND APPROVE THE 990 TO THE FAUF AUDIT COMMITTEE. THE DRAFT 990 WILL BE REVIEWED BY THE COMMITTEE AS WELL AS THE DIRECTOR OF FINANCE, ASSISTANT DIRECTOR OF FINANCE AND THE EXECUTIVE DIRECTOR. THE 990 WILL ALSO BE AVAILABLE FOR REVIEW TO ALL BOARD MEMBERS, AND EACH MEMBER WILL BE ENCOURAGED TO GIVE THEIR INPUT DURING THE REVIEW PROCESS. AFTER THE REVIEW AND AFTER ALL QUESTIONS ARE SATISFACTORILY ANSWERED THE COMMITTEE WILL APPROVE THE SUBMISSION OF THE 990. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS ALL BOARD MEMBERS AND KEY PERSONNEL. THE BOARD AND KEY STAFF REVIEW OUR POLICY AND REPORT CONFLICTS ANNUALLY. THE AUDIT COMMITTEE IS AWARE OF ALL REPORTED CONFLICTS. CONFLICTS ARE DETERMINED BY THE BOARD AND STAFF MEMBERS, AND CONFLICTS ARE DISCLOSED AT EACH COMMITTEE WHERE THE PROPOSED ACTION AND THE CONFLICT EXISTS. IF A BOARD MEMBER IS FOUND TO HAVE A CONFLICT THEY ARE ASKED TO DISCLOSE THE CONFLICT, RECUSE THEMSELVES FROM VOTE AND WHEN NECESSARY, LEAVE THE ROOM DURING THE VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S EXECUTIVE DIRECTOR FOR THE FOUNDATION ALSO HOLDS THE TITLE OF SENIOR VP FOR ADVANCEMENT FOR THE UNIVERSITY. ALTHOUGH THE FOUNDATION MEMBERS SIT ON THE COMMITTEE TO HIRE THIS PERSON, HE/SHE IS PAID BY THE UNIVERSITY. THEREFORE, A UNIVERSITY REPRESENTATIVE (USUALLY THE VP FOR FINANCE) WHO DETERMINES THE FAIR COMPENSATION BY POLLING OUR PEER INSTITUTIONS IN THE STATE ON THE MARKET RATE FOR THIS POSITION. THIS MEASURE OBTAINS THE SAME RESULT AS COMPARING THESE INSTITUTION'S 990. FORM 990, PART VI, SECTION C, LINE 19 THE FAUF MAKES OUR FINANCIAL STATEMENTS AVAILABLE ON OUR WEBSITE. WE WILL PROVIDE A COPY OF THE FINANCIAL STATEMENTS AND/OR OUR 990 TO ANY PERSON REQUESTING A COPY. THE REQUEST CAN COME IN WRITING OR THROUGH A VERBAL INQUIRY. BOTH ARE AVAILABLE FOR INSPECTION AT OUR OFFICE AT 777 GLADES ROAD, ADMIN. 295. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 24,518,572. WRITE OFF AND PROVISION FOR UNCOLLECTIBLE PLEDGES RECEIVABLE -1,880,403. WRITE OFF OF IMPAIRED ART COLLECTIONS -691,392. ACTUARIAL ADJUSTMENT ON CGAS -28,018. TOTAL TO FORM 990, PART XI, LINE 5: 21,918,759. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS. NAME OF PRINCIPAL OFFICER FORM 990, LINE F JENNIFER O'FLANNERY ANDERSON, PH.D. FLORIDA ATLANTIC UNIVERSITY 777 GLADES ROAD BOCA RATON FL 33431 590917284 PUBLIC UNIVERSITY FL 0 0 1 1 0 0 0 0 1 1 0 1 0 1 0 1 0 0 0 FLORIDA ATLANTIC UNIVERSITY B 1403310 CORP BOOKS IN ACCORDANCE W/GAAS FLORIDA ATLANTIC UNIVERSITY C 15068 CORP BOOKS IN ACCORDANCE W/GAAS FLORIDA ATLANTIC UNIVERSITY H 312878 CORP BOOKS IN ACCORDANCE W/GAAS FLORIDA ATLANTIC UNIVERSITY I 13583 CORP BOOKS IN ACCORDANCE W/GAAS FLORIDA ATLANTIC UNIVERSITY K 0 CORP BOOKS IN ACCORDANCE W/GAAS FLORIDA ATLANTIC UNIVERSITY M 0 CORP BOOKS IN ACCORDANCE W/GAAS FLORIDA ATLANTIC UNIVERSITY O 6719266 CORP BOOKS IN ACCORDANCE W/GAAS