2011-11-15T14:15:37-05:00 2011-06-30 BKD LLP 190 E Capitol Street Ste 500 Jackson MS 392012190 990 2010-07-01 646022505 The University of Southern MS Foundation UNIV 6012665210 118 College Drive 5210 Hattiesburg MS 39406 ROBERT D PIERCE II 2011-11-15 Penny Wood CPA 6019486700 2010 2016-03-07 17:11:31Z Robert D Pierce II 118 College Drive 5210 Hattiesburg MS 39406 29984251 false X www.usmfoundation.com X 1959 MS The mission of the University of Southern Mississippi Foundation is to build relationships with alumni and friends in order to secure private funds for the benefit of the University of Southern Mississippi. 39 39 0 49 0 0 11419850 4878567 0 0 2000672 2448975 176303 298318 13596825 7625860 5298838 5375098 0 0 0 0 0 0 349929 2633413 2755704 7932251 8130802 5664574 -504942 82137554 90866124 2130488 1898310 80007066 88967814 THE MISSION OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION IS TO BUILD RELATIONSHIPS WITH ALUMNI AND FRIENDS IN ORDER TO SECURE PRIVATE FUNDS AND OTHER RESOURCES FOR THE BENEFIT OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI. AS A NON-PROFIT ORGANIZATION, THE FOUNDATION RECEIVES, INVESTS AND DISTRIBUTES PRIVATE GIFTS IN SUPPORT OF THE UNIVERSITY'S MISSION. THE FOUNDATION PROVIDES SERVICE TO OUR DONORS, OUR UNIVERSITY AND OUR COMMUNITY BY ENCOURAGING COMMITMENT AND INVESTMENT IN THE FUTURE OF THE UNIVERSITY. false false 5349533 5349533 Scholarships and transfers to support the University of Southern Mississippi 1983349 Other designated items, commodities and contractual services in support of the University of Southern Mississippi 7332882 true true false true false false false false true true false false false true false false true false false true false false false false false false true true true false false false false false false false false true false false false true true false false false false true 64 0 0 false false false false false true true false false false true false X 39 39 false false true false false false false true true false false true true true true true true true true false X X JENNIFER BOUCHER CFO 6012666994 118 COLLEGE DRIVE 5210 Hattiesburg MS 39406 Mr W Reed Allison Jr 1.0 X 0 0 0 Mr Jeff C Bowman 1.0 X 0 0 0 Mrs Hope P Broome 1.0 X 0 0 0 Mr JR Brown 1.0 X 0 0 0 Mr James W Carraway 1.0 X 0 0 0 Mr Mike Collins 1.0 X 0 0 0 Mr Ric Corts 1.0 X 0 0 0 Dr Tom Estes Jr 1.0 X 0 0 0 Ms Kimberly S Gallaspy 1.0 X 0 0 0 Dr Michael Herrington 1.0 X 0 0 0 Mr Robert T Jackson Sr 1.0 X 0 0 0 Mrs Gwen C James 1.0 X 0 0 0 Mr Rickey D Jones 1.0 X 0 0 0 Mr Rex Kelly 1.0 X 0 0 0 Mrs Linda Bounds Keng 1.0 X 0 0 0 Captain Karl Langenbach 1.0 X 0 0 0 Ms Julie Lennon 1.0 X 0 0 0 Dr Alan D Lucas 1.0 X 0 0 0 Ms Adele C Lyons 1.0 X 0 0 0 Mr Sean P McGee 1.0 X 0 0 0 Dr Lynn B McMahan 1.0 X 0 0 0 Mrs Becky Montague 1.0 X 0 0 0 Mr Carl Nicholson 1.0 X 0 0 0 Mr Abb Payne 1.0 X 0 0 0 Mr Tom Potter 1.0 X 0 0 0 Mr Tracy Powell 1.0 X 0 0 0 Mr Mike Ratliff 1.0 X 0 0 0 Mrs Susan Riley 1.0 X 0 0 0 Ms Kathleen A Shaughnessy 1.0 X 0 0 0 Mr Kenneth Stevens 1.0 X 0 0 0 Mr Charlie Sutherland 1.0 X 0 0 0 Dr Clay Thames 1.0 X 0 0 0 Mr Charles Thomas 1.0 X 0 0 0 Mr Gilbert Van Loon 1.0 X 0 0 0 Dr Thad Waites 1.0 X 0 0 0 Dr Fred H Drews III 1.0 X X 0 0 0 Mr Powell G Ogletree Jr 1.0 X X 0 0 0 Mrs Lou Ann Poynter 1.0 X X 0 0 0 Mr Raymond E Van Norman 1.0 X X 0 0 0 Mrs Jennifer M Boucher 40.0 X 0 78546 9426 Mr Robert D Pierce II 40.0 X 0 145878 21679 0 224424 31105 0 false true false Blackbaud Inc PO Box 930256 ATLANTA GA 311930256 Software Services 137435 1 4878567 568270 4878567 0 1763252 1763252 0 0 22974114 70000 22231891 126500 742223 -56500 685723 685723 0 0 0 MISCELLANEOUS INCOME 900099 298318 298318 298318 7625860 0 2747293 5368645 5368645 6453 6453 0 0 0 0 0 0 0 0 0 29067 12000 17067 53300 53300 0 0 365267 345647 19620 591885 460248 15542 116095 160244 87994 49871 22379 107243 56434 33778 17031 151127 7501 45477 98149 0 696 215 481 302303 262847 3460 35996 0 234848 189837 32993 12018 23146 23146 0 99277 81 99196 114940 101807 13133 CAPITAL OUTLAY 340230 320555 19675 MEALS AND ENTERTAINMENT 78971 61043 1493 16435 DUES AND SUBSCRIPTIONS 51145 29419 20010 1716 PROFESSIONAL DEVELOPMENT 30354 24098 3343 2913 MISCELLANEOUS 21551 10058 1363 10130 110 110 8130802 7332882 447991 349929 453473 527414 11106813 8860282 1400 0 144085 147401 1035472 189964 868046 845508 64522742 75666698 2025328 2140212 3015667 2678609 82137554 90866124 402740 309620 1322113 1172113 405635 416577 2130488 1898310 X 2563938 4670327 30631514 35074757 46811614 49222730 80007066 88967814 82137554 90866124 X -504942 9465690 X false true true X false X 6868493 4062609 10647023 11419850 4878567 37876542 6868493 4062609 10647023 11419850 4878567 37876542 8032903 29843639 1125934 1233509 1092709 1516625 1763252 6732029 -1595 44013 194068 178178 298318 712982 45321553 105379 0.65849 0.74430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 20971 20971 false false Schedule C, Part II-b, Line 1i: The USM Foundation did not directly attempt to influence national, state or local legislation, but did provide funding to one University paid Legislative Advocate. Numerous expenditures were made mostly for meals and travel. The University also hosts state legislators throughout the year on campus. Total expenditures for lobbying activities for the year were $20,971. 49149641 1413935 10663578 981894 1500117 0 58745143 45270806 1232898 3704959 556657 502365 49149641 54797922 2316551 -9002892 1150673 1690102 45270806 0.04541 0.93357 0.02102 false false 474500 474500 11956 4466 7490 549016 185498 363518 845508 0 GIFT ANNUITIES PAYABLE 414887 AMOUNTS HELD FOR OTHERS 1410 AMOUNTS DUE TO BROKERS 280 416577 7625860 8130802 -504942 9335044 130646 9465690 8960748 18279331 9335044 1553048 -234621 10653471 7625860 7625860 9318583 1553048 1553048 7765535 365267 365267 8130802 Schedule D, Part V, Line 4: The endowment funds are created through donor restrictions and board designations and are intended to be used for the long-term support of the University of Southern Mississippi. Schedule D, Part X, Line 2: Management has evaluated their income tax positions under the guidance included in ASC 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements. Schedule D, Part XI, Line 8: Increase in value of split-interest agreements 130,646 Schedule D, Part XII, Line 2d: Increase in value of split-interest agreements of $130,646 was included in revenue in the financial statements but not on the Form 990. Investment expenses of $365,267 were netted with income in the financial statements but included as an expense on the Form 990. Schedule D, Part XIII, Line 4b: Investement expenses of $365,267 were netted with income in the financial statements but included as an expense on the Form 990. Europe (Including Iceland and Greenland) Program Services Foreign Travel 49994 49994 49994 false false false false false false Foreign Travel Schedule F, Part I, Line 3 The $49,994 was an expense for foreign travel for University representatives to travel to The Abbey Program at Pontlevoy, France. A payment of $49,994 was made to Tour Assist Direct, LTD, an organization in the United Kingdom, for services and support including arrangements, transportation, accommodations, lunches and dinners for the USM delegation visit to Pontlevoy and Paris. true The University of Southern Mississippi 118 College Dr 5143 Hattiesburg MS 39406 646000818 State of MS 5268112 USM Programs University of Southern MS Athletic Foundation 118 College Dr 5017 Hattiesburg MS 39406 640929171 501(c)(3) 74376 USM Athletics The University of Southern MS Alumni Association 118 College Dr 5013 Hattiesburg MS 39406 640763097 501(c)(3) 7045 USM Alumni Programs William Carey University 498 Tuscan Ave Box 2 Hattiesburg MS 39401 640329300 501(c)(3) 19111 Hub Award Grant 4 0 Fellowships and Awards 9 6453 Schedule I, Part I, Line 2: The Foundation monitors the use of funds by requiring documentation from authorized spending authorities to substantiate that all monies paid for program support are used for the purposes outlined in the documents governing the funds from which the withdrawal is being made. These purposes include scholarships, general support for academic divisions, research, faculty and staff compensation and other restricted support for programs at the University of Southern Mississippi. false false false false false false false false false Mr Robert D Pierce II 0 144600 0 0 0 1278 0 17352 0 4327 0 167557 Schedule J, Part I, Line 3: The University of Southern Mississippi, a related organization, provides compensation for all who work for the Foundation, including the Executive Director and Chief Financial Officer. The process for determining compensation, review and approval, and substantiation of this deliberation and decision is all handled by the University. Compensation of the Executive Director was reviewed in June of 2010 and approved by the Mississippi Board of Trustees of State Institutions of Higher Learning as documented in the minutes of that Board meeting. X 1 35900 Qualified Appraisal X 25 230253 Avg on date of gift X 1 12000 Qualified Appraisal X 1 162993 Qualified Appraisal X Life Estate 1 125350 Remainder Interest X Piano 1 750 Fair Market Value X Various 8 1020 Fair Market Value X Various 4 4 Value Unknown 4 false true true PART II, LINE 32A: THE FOUNDATION EMPLOYS REALTORS TO LIST AND SELL CONTRIBUTIONS OF REAL ESTATE. Form 990, Page 6, Part VI, Section A, Line 4: Changes made to the organization's bylaws since the prior Form 990 was filed include the following: Established a "hierarchy" of governing documents with the Foundation's Affiliation Agreement with the University carrying the most prominence. Reduced the total number of elected Directors from 39 to 27 and added the Officers (President, Vice President, Treasurer, and Immediate Past President) as additional elected members of the Board for a total voting membership on the Board of 31. Increased the total number of ex-officio, non-voting Board members from six to nine. Transitioned the office of Secretary from a voting, elected position to a non-voting, ex-officio position by making the Executive Director of the USM Foundation the Secretary as well. The membership of the Executive Committee was reduced by two from 10 members to eight including seven voting members and one non-voting, ex-officio member (the Secretary). A Nominating Committee was formed of five Past Presidents of the Foundation along with the current President and Vice President. Discontinued the practice of permitting elected Directors to serve consecutive terms on the Board. Removed the requirement that for a person to be nominated by the Nominating Committee or selected by the Board that the person be a donor to The University of Southern Mississippi or commit to making a donation to the University within 90 days of the beginning of his/her term as a Director. The Current Giving Committee, Planned Giving Committee, Real Estate Council and President's Advisory Council have been eliminated from the Bylaws as the workload for these groups can be assimilated into the Executive Committee and/or Finance Committee thus streamlining the governance structure of the Foundation and reducing the amount of time required from the staff in supporting the committees. Form 990, Page 6, Part VI, Section B, Line 11b: The Finance Committee and the Board received the 2010 Form 990 draft for review prior to being filed. Comments were addressed and the form was updated as necessary. A complete copy of the 2010 Form 990 was provided to all Board members prior to filing. Form 990, Page 6, Part VI, Section B, Line 12c: Each year, each member of the board and each member of all committees, subcommittees and councils sign a written statement certifying that they agree and are in compliance with the conflict of interest policy. Form 990, Page 6, Part VI, Section B, Line 15: The University of Southern Mississippi, a related organization, provides compensation for all who work for the Foundation, including the Executive Director and Chief Financial Officer. The process for determining compensation, review and approval, and substantiation of this deliberation and decision is all handled by the University. Compensation of the Executive Director was reviewed in June of 2010 and approved by the Mississippi Board of Trustees of State Institutions of Higher Learning as documented in the minutes of that Board meeting. Form 990, Page 6, Part VI, Section C, Line 19: The University of Southern Mississippi Foundation's bylaws, conflict of interest policy, Form 990 and financial statements are available to the public on the Foundation website. Form 990, Page 12, Part XI, Line 5: Unrealized Gain on Investments $9,335,044 Increase in Value of Split Interest Agreements $130,646 Foundation Aviation Holdings LLC 118 College Drive 5210 Hattiesburg MS 39406 263637085 Pers. Prop. MS 106292 1306061 NA University of Southern Mississippi 118 College Drive 5143 Hattiesburg MS 39406 646000818 Education MS NA HLG and JBG CRUT PO Box 10885 Birmingham AL 35202 646215863 Trust MS NA T 0 14183 0.58000 JEG CRAT 1581 Ameriprise Financial Center Minneapolis MN 55474 207371805 Trust MS NA T 0 296694 0.52000 LEH CRAT PO Box 1231 Hattiesburg MS 39403 726180760 Trust MS NA T 0 157248 0.77000 FBK CRUT PO Box 14407 St Petersburg FL 33733 912163804 Trust MS NA T 0 419892 0.92000 BTW and VRW CRUT 631 Main Street Hattiesburg MS 39401 636222457 Trust MS NA T 0 10815 0.81000 false true true false false false false false true false false false true true true false true false