2012-11-15T15:00:31-06:00 2012-06-30 CROWE HORWATH LLP 10 West Broad Street Suite 1700 Columbus OH 432153713 990 2011-07-01 311115810 SHAWNEE STATE UNIVERSITY DEVELOPMENT FOUNDATION SHAW 7403513284 940 Second Street Portsmouth OH 45662 ELINDA BOYLES 2012-11-14 true Rachel Spurlock P00520729 6144690001 2011 2016-02-24 21:20:13Z ERIC ANDREW BRAUN EXECUTIVE DIRECTOR 940 Second Street Portsmouth OH 45662 6737290 false X HTTP://GIVETO.SHAWNEE.EDU X 1987 OH THE SHAWNEE STATE UNIVERSITY DEVELOPMENT FOUNDATION (SSUDF) WAS CREATED AS A 501(C)(3) ORGANIZATION WITH THE MISSION OF MAKING FRIENDS AND CREATING FUNDS AND SUPPORT FOR SHAWNEE STATE UNIVERSITY. 19 16 5 25 0 0 733782 1787094 0 0 738110 556879 191 14623 1472083 2358596 640765 993586 0 0 176989 178467 0 0 63664 144183 122298 961937 1294351 510146 1064245 16947746 17497891 563954 462008 16383792 17035883 THE SHAWNEE STATE UNIVERSITY DEVELOPMENT FOUNDATION (SSUDF) WAS CREATED AS A 501(C)(3) ORGANIZATION WITH THE MISSION OF MAKING FRIENDS AND CREATING FUNDS AND SUPPORT FOR SHAWNEE STATE UNIVERSITY. false false 968086 968086 STUDENT FINANCIAL AID IN THE FORM OF ACADEMIC SCHOLARSHIPS AND AWARDS, AND NEED-BASED SCHOLARSHIPS AND LOANS PROVIDED TO STUDENTS HELPS THE INSTITUTION ATTRACT THE BEST STUDENTS AND ALLOW STUDENTS WHO MIGHT OTHERWISE NOT BE AFFORDED A COLLEGE EDUCATION TO ATTEND SHAWNEE STATE UNIVERSITY. ALL SCHOLARSHIP PAYMENTS TOTALING $197,370 WERE PAID TO SHAWNEE STATE UNIVERSITY ON BEHALF OF THE ENROLLED AWARD RECIPIENT STUDENTS FOR PARTIAL PAYMENT OF TUITION, FEES AND/OR OTHER EXPENSES DIRECTLY RELATED TO EDUCATION. THE NUMBER OF UNIQUE SCHOLARSHIP RECIPIENTS DURING FISCAL YEAR 2012 WAS 234. 38213 DISBURSEMENTS TO BENEFIT THE ACADEMIC PROGRAMS OF SHAWNEE STATE UNIVERSITY. 33855 25500 THE FOUNDATION SUPPORTS DEPARTMENTAL PROGRAMS, FACULTY DEVELOPMENT IN THE FORM OF RESEARCH AND WRITING SUBSIDIES, AND PROVIDES FUNDS FOR VISITING SCHOLARS AND LECTURERS WHICH ARE ALL VITAL TO THE DEVELOPMENT OF THE FACULTY AT SHAWNEE STATE UNIVERSITY. GRANT PAYMENTS TOTALING $25,500 WERE PAID TO FACULTY AND STAFF FOR DIRECT SUPPORT OF RESEARCH AND ACADEMIC PROGRAMMING. THE NUMBER OF FACULTY AND STAFF GRANT RECIPIENTS DURING FISCAL YEAR 2012 WAS 20. 1040154 true true false false false false false false true false false false true true true true false false false false false false false true true false true true true false false false false false false false false true false false false false true false false false false true X 25 2 true 5 true false false false false false true true false false false false X 19 16 true false false false true true true true false false false true true true true true true true false X ELINDA BOYLES TREASURER 7403513005 940 SECOND STREET PORTSMOUTH OH 45662 X BARRY RODBELL 1.00 X X 0 0 0 CYNTHIA JENKINS 1.00 X X 0 0 0 ELINDA BOYLES 1.00 X X 0 118880 41123 ERIC BLOOMFIELD 1.00 X X 0 0 0 BARBARA LODWICK 1.00 X 0 0 0 BOB SMITH 1.00 X 0 0 0 BRIAN NOBLE 1.00 X 0 0 0 BRUCE MACDONALD 1.00 X 0 0 0 CONNIE LEMASTER 1.00 X 0 0 0 DAN MOONEY 1.00 X 0 0 0 DEBRA ESHAM 1.00 X 0 0 0 JULIA COLL 1.00 X 0 79391 35154 MARK MORGAN 1.00 X 0 0 0 MIKE GLOCKNER 1.00 X 0 0 0 MISSY ANKROM 1.00 X 0 0 0 RITA RICE MORRIS 1.00 X 0 281638 112704 SAUNDRA WHEELER 1.00 X 0 0 0 TRACI SCHWAMBURGER 1.00 X 0 0 0 WILLIAM DAEHLER 1.00 X 0 0 0 ERIC BRAUN 40.00 X 0 85091 42114 0 565000 231095 0 false true false US BANK PO BOX 1500 SAINT PAUL MN 551010800 INVESTMENT MANAGEMENT FEE 100943 1 27915 1759179 53929 1787094 0 0 0 0 0 268805 268805 0 0 0 0 0 4643791 4355717 288074 0 288074 288074 7105 27915 8027 -922 -922 30495 14950 15545 15545 0 0 0 0 0 0 2358596 0 0 571502 796216 796216 197370 197370 0 0 0 0 121728 26371 51244 44113 0 54426 11341 24372 18713 2313 501 974 838 0 0 13000 13000 0 0 100943 100943 8355 8355 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1294351 1040154 190533 63664 0 1977515 2042631 425659 1349290 0 0 0 0 13205361 12768635 0 0 0 0 1339211 1337335 16947746 17497891 3809 26121 560145 435887 563954 462008 X 156927 64030 8472377 9213579 7754488 7758274 16383792 17035883 16947746 17497891 X 1064245 -412154 X false true true X false X 1500463 642024 1324350 734414 1787094 5988345 0 0 1500463 642024 1324350 734414 1787094 5988345 1096881 4891464 325635 255862 219114 237790 268805 1307206 0 0 9745 7059 6650 7105 30559 7326110 0.66770 0.78870 X OTHER INCOME, SCHEDULE A, PART II, LINE 10, DESCRIPTION - , COLUMN A - , COLUMN B - 9745, COLUMN C - 7059, COLUMN D - 6650, COLUMN E - 7105, COLUMN F - 30559;, RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11292291 3786 48235 91817 157959 86369 11008167 9151385 512143 2096688 45224 350403 72298 11292291 7976988 673519 676980 0 176102 0 9151385 9635088 82562 -1665662 0 75000 0 7976988 0.70477 0.29523 false false 0 0 0 0 0 0 BENEFICIAL INTEREST IN TRUSTS 1144954 LIFE INSURANCE CASH SURRENDER 192381 1337335 0 DEPOSITS HELD AND DUE TO OTHERS 111778 ANNUITY PAYMENT LIABILITY 324109 435887 2358596 1294351 1064245 -400553 -11601 -412154 652091 1845499 -400553 0 -400553 2246052 100943 11601 112544 2358596 1193408 0 0 1193408 100943 0 100943 1294351 Intended uses of endowment funds Schedule D, Part V, Line 4 THE FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. THE FOUNDATION HAS A POLICY OF ONLY SPENDING THE EARNINGS, INCLUDING APPRECIATION, OF THE ENDOWMENT FUND. THIS IS CONSISTENT WITH THE FOUNDATION'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS AS WELL AS PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 THE INTERNAL REVENUE SERVICE HAS RULED THAT THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 401(A) OF THE INTERNAL REVENUE CODE AS A PUBLIC CHARITY DESCRIBED IN SECTION 501(C)(3). GAAP PRESCRIBES RECOGNITION THRESHOLDS AND MEASUREMENT ATTRIBUTES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TAX BENEFITS WILL BE RECOGNIZED ONLY IF A TAX POSITION IS MORE-LIKELY-THAN-NOT SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED WILL BE THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT WILL BE RECORDED. MANAGEMENT HAS CONCLUDED THAT THEY ARE UNAWARE OF ANY TAX BENEFITS OR LIABILITIES TO BE RECOGNIZED AT JUNE 30, 2012 AND 2011. THE FOUNDATION WOULD RECOGNIZE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. THE FOUNDATION HAS NO AMOUNTS ACCRUED FOR INTEREST OR PENALTIES FOR THE YEAR ENDED JUNE 30, 2012 AND 2011. THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR YEARS BEFORE 2008. THE FOUNDATION DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. PRESIDENT'S GALA 35020 27915 7105 7440 587 0 0 35020 27915 7105 0 0 0 7440 0 587 8027 -922 30495 11786 3164 true 1 30495 11786 0 0 3164 14950 15545 OH false ORGANIZATION IS EXEMPT FROM LICENSE REGISTRATION false false 1 0 NA false NA true SHAWNEE STATE UNIVERSITY 940 SECOND ST PORTSMOUTH OH 45662 310864917 GOVT ORG 770716 INSTITUTION SUPPORT SHAWNEE STATE UNIVERSITY 940 SECOND ST PORTSMOUTH OH 45662 310864917 GOVT ORG 25500 FACULTY & STAFF PROGRAM GRANTS 1 0 SCHOLARSHIPS AND OTHER STUDENT AID 234 197370 Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 GRANT RECIPIENTS ARE REQUIRED TO PROVIDE A FINAL REPORT TO THE GRANTING ORGANIZATION DETAILING THE USE OF ALL GRANT FUNDS. false true false false false false false false false ELINDA BOYLES 0 116940 0 0 0 1940 0 16572 0 24551 0 160003 0 0 RITA RICE MORRIS 0 221003 0 30000 0 30635 0 52753 0 59951 0 394342 0 0 Supplemental nonqualified retirement plan Schedule J, Part I, Line 4b RITA MORRIS = $24,000 NONTAXABLE BENEFITS SCHEDULE J, PART II, COLUMN (D) NONTAXABLE BENEFITS INCLUDE THE ESTIMATED RENTAL VALUE OF HOUSING PROVIDED BY THE UNIVERSITY TO THE PRESIDENT PURSUANT TO IRC SECTION 119. PER CONTRACT, THE PRESIDENT IS REQUIRED TO LIVE IN THIS RESIDENCE. IN ADDITION, THE AMOUNT REPORTED ALSO INCLUDES NONTAXABLE HEALTH INSURANCE, LIFE, DISABILITY, OR LONG-TERM CARE INSURANCE, AND CAFETERIA PLANS. X 9829 MARKET VALUE X SCIENTIFIC EQUIPMENT 6 44100 MARKET VALUE 0 false true false Number of contributions or items contributed. Schedule M, part I, column (b), Line other=SCIENTIFIC EQUIPMENT Number of contributions or items contributed. Schedule M, part I, column (b), Line 4 COMMON PAYMASTER FORM 990, PART V, LINE 2A EMPLOYEES ARE PAID BY SHAWNEE STATE UNIVERSITY (SSU) EIN 31-0864917, A RELATED ORGANIZATION OF SHAWNEE STATE UNIVERSITY DEVELOPMENT FOUNDATION (SSUDF). SSUDF REIMBURSED SSU $178,467 FOR SALARIES AND BENEFITS OF FIVE INDIVIDUALS FOR FISCAL YEAR 2012. THE UNIVERSITY FILES ALL REQUIRED FEDERAL EMPLOYMENT TAX RETURNS ON BEHALF OF THE ORGANIZATION. THE TOTAL NUMBER OF EMPLOYEES REPORTED ON FORM W-3 AND FILED BY THE RELATED ORGANIZATION, SSU, FOR THE CALENDAR YEAR 2011 WAS 1,509, OF WHICH FIVE ARE EMPLOYEES OF SSUDF. Classes of members or stockholders Form 990, Part VI, Section A, Line 6 THE SOLE MEMBER OF THE FOUNDATION SHALL BE THE BOARD OF TRUSTEES OF SHAWNEE STATE UNIVERSITY. Members or stockholders electing members of governing body Form 990, Part VI, Section A, Line 7a PURSUANT TO THE CODE OF REGULATIONS, THE PRESIDENT OF SHAWNEE STATE UNIVERSITY AND THE CHAIRMAN OF THE BOARD OF TRUSTEES OF SHAWNEE STATE UNIVERSITY (OR DESIGNEE) SHALL BE MEMBERS OF THE FOUNDATION BOARD OF TRUSTEES SO LONG AS THEY OCCUPY THEIR OFFICES. ADDITIONALLY, THE BOARD OF TRUSTEES OF SHAWNEE STATE UNIVERSITY SHALL APPOINT ONE OF ITS MEMBERS AS ITS FURTHER REPRESENTATIVE ON THE FOUNDATION BOARD OF TRUSTEES. THE FACULTY OF THE UNIVERSITY SHALL APPOINT ONE OF ITS MEMBERS AS ITS REPRESENTATIVE ON THE FOUNDATION BOARD OF TRUSTEES. AN ALUMNI REPRESENTATIVE SHALL ALSO BE APPOINTED TO SERVE THE BOARD. THE FIFTEEN ADDITIONAL FOUNDATION TRUSTEES SHALL BE ELECTED BY THE BOARD OF TRUSTEES OF THE UNIVERSITY FROM THE COMMUNITY-AT-LARGE. AT-LARGE IN-TERM VACANCIES ON THE FOUNDATION BOARD OF TRUSTEES SHALL BE FILLED BY THE UNIVERSITY BOARD OF TRUSTEES FOLLOWING THE OCCURENCE OF A VACANCY. REPLACEMENT OF OTHER TRUSTEES SHALL BE APPOINTED FROM THE CONSTITUENCIES OF THE TRUSTEES THEY REPLACE. Decisions requiring approval by members or stockholders Form 990, Part VI, Section A, Line 7b OPERATING PROCEDURES OF THE SHAWNEE STATE UNIVERSITY DEVELOPMENT FOUNDATION ARE CONTAINED IN THE STATEMENT OF OPERATIONS AND THE GUIDELINES FOR FUNDING. THESE POLICIES WILL BE DEVELOPED BY THE UNIVERSITY ADMINISTRATION FOR APPROVAL BY THE BOARD OF TRUSTEES OF SHAWNEE STATE UNIVERSITY AND CAN BE AMENDED, AS WELL, BY THAT PROCESS. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b ALL 990 INFORMATION HAS BEEN SHARED WITH THE GOVERNING BODY EXCEPT THE NAMES AND ADDRESSES OF CONTRIBUTORS AS LISTED ON SCHEDULE B, WHICH HAVE BEEN REDACTED. THE BOARD IS ABLE TO ASK QUESTIONS AND COMMENT ON THE RETURN BEFORE ITS FILING. Conflict of interest policy Form 990, Part VI, Section B, Line 12c THE CONFLICT OF INTEREST POLICY APPLIES TO EACH MEMBER OF THE BOARD OF TRUSTEES AND TO ALL OFFICERS OF THE SHAWNEE STATE UNIVERSITY DEVELOPMENT FOUNDATION. IT IS INTENDED TO SERVE AS GUIDANCE FOR ALL PERSONS EMPLOYED BY THE SHAWNEE STATE UNIVERSITY DEVELOPMENT FOUNDATION IN POSITIONS OF SIGNIFICANT RESPONSIBILITY FOR THE ACTIVITIES OF THE FOUNDATION. MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS, AND EMPLOYEES OF THE FOUNDATION SERVE THE PUBLIC TRUST AND HAVE A CLEAR OBLIGATION TO FULFILL THEIR RESPONSIBILITIES IN A MANNER CONSISTENT WITH THAT SERVICE. ALL DECISIONS OF THE BOARD AND OFFICERS ARE TO BE MADE SOLELY ON THE BASIS OF A DESIRE TO PROMOTE THE BEST INTEREST OF THE FOUNDATION AND SHAWNEE STATE UNIVERSITY. THE INTEGRITY OF THE FOUNDATION AND SHAWNEE STATE UNIVERSITY MUST BE PROTECTED AND ADVANCED AT ALL TIMES. DEVELOPMENT FOUNDATION MEMBERS AND EMPLOYEES INEVITABLY ARE INVOLVED IN THE AFFAIRS OF OTHER INSTITUTIONS AND ORGANIZATIONS. EACH DIRECTOR, OFFICER, AND EMPLOYEE IS RESPONSIBLE FOR ENSURING THAT THE BOARD IS MADE AWARE OF SITUATIONS THAT INVOLVE PERSONAL, FAMILIAL, OR BUSINESS RELATIONSHIPS THAT MAY BE A CONFLICT OF INTEREST OR CREATE AN APPEARANCE OF A CONFLICT FOR THE FOUNDATION OR SHAWNEE STATE UNIVERSITY. THUS, THE BOARD REQUIRES EACH TRUSTEE AND OFFICER ANNUALLY (1) TO REVIEW THIS POLICY; (2) TO DISCLOSE PERSONAL, FAMILIAL, OR BUSINESS RELATIONSHIPS THAT REASONABLY COULD GIVE RISE TO A CONFLICT OF INTEREST INVOLVING THE FOUNDATION OR SHAWNEE STATE UNIVERSITY; AND (3) TO ACKNOWLEDGE BY HIS OR HER SIGNATURE THAT HE OR SHE IS IN ACCORDANCE WITH THE LETTER AND SPIRIT OF THIS POLICY. ALL TRUSTEES AND OFFICERS SHOULD DISCLOSE ONLY THOSE SUBSTANTIVE RELATIONSHIPS THAT THEY MAINTAIN (OR MEMBERS OF THEIR FAMILY MAINTAIN) WITH ORGANIZATIONS THAT DO BUSINESS WITH THE UNIVERSITY, SHAWNEE STATE UNIVERSITY DEVELOPMENT FOUNDATION, OR ANY RELATED OR AFFILIATED ORGANIZATION, OR WHICH OTHERWISE COULD BE CONSTRUED TO AFFECT POTENTIALLY THEIR INDEPENDENT, UN-BIASED JUDGMENT IN LIGHT OF THEIR DECISION-MAKING AUTHORITY OR RESPONSIBILITY. ANY UNCERTAINTIES AS TO THE APPROPRIATENESS OF LISTING A PARTICULAR RELATIONSHIP MAY BE RESOLVED BY CONSULTATION WITH THE CHAIR OF THE FOUNDATION, WHO IN TURN MAY CONSULT WITH SHAWNEE STATE UNIVERSITY GENERAL COUNSEL, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, OR THE CHAIRMAN OF THE BOARD OF TRUSTEES IN EXECUTIVE SESSION. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a THE RELATED ORGANIZATION USES A PROCESS FOR DETERMINING COMPENSATION OF THE DEVELOPMENT FOUNDATION EXECUTIVE DIRECTOR WHICH INCLUDES PERIODIC CONSULTATION WITH INDEPENDENT COMPENSATION ADVISORS; COMPARISON OF SALARIES WITH COMPARABLE MARKETS; REVIEW AND APPROVAL BY THE GOVERNING BODIES; WRITTEN EMPLOYMENT CONTRACTS WITH THE RELATED ORGANIZATION; AND CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE ESTABLISHMENT OF COMPENSATION. THE REVIEW PROCESS WAS CONDUCTED IN FY 2012. Process used to establish compensation of other officers/key employees Form 990, Part VI, Section B, Line 15b THE RELATED ORGANIZATION USES A PROCESS FOR DETERMINING COMPENSATION OF THE DEVELOPMENT FOUNDATION OFFICERS WHICH INCLUDES PERIODIC CONSULTATION WITH INDEPENDENT COMPENSATION ADVISORS; COMPARISON OF SALARIES WITH COMPARABLE MARKETS; REVIEW AND APPROVAL BY THE GOVERNING BODIES; WRITTEN EMPLOYMENT CONTRACTS WITH THE RELATED ORGANIZATION; AND CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE ESTABLISHMENT OF COMPENSATION. THE REVIEW PROCESS WAS CONDUCTED IN FY 2012. Governing documents, conflict of interest policy and financial statements available to the public Form 990, Part VI, Section C, Line 19 ALL DOCUMENTS ARE AVAILABLE BY REQUEST. Average number of hours devoted per week to related organization Form 990, Part VII, Section A, Column B ELINDA BOYLES - SHAWNEE STATE UNIVERSITY- 59 HOURS/WK JULIA COLL - SHAWNEE STATE UNIVERISTY- 59 HRS/WK RITA RICE MORRIS - SHAWNEE STATE UNIVERSITY- 59 HRS/WK Other changes in net assets or fund balances Form 990, Part XI, Line 5 NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS - -400553; UNCOLLECTIBLE PLEDGES - -11601; SHAWNEE STATE UNIVERSITY 940 SECOND STREET PORTSMOUTH OH 45662 310864917 HIGHER ED OH 501(C)(1) 6 NA false CHARITABLE REMAINDER TRUSTS (6) INVESTMENTS NA TRUST false true false false false false false false false false true true true true true false false false