2011-03-14T14:08:51-05:00 2010-06-30 Saltmarsh Cleaveland & Gund 900 North 12th Avenue Pensacola FL 32501 990 2009-07-01 596166292 University of West Florida Foundation Inc UNIV 8504743118 11000 University Pkwy Building 12 Pensacola FL 32514 Susan stephenson 8504742487 2011-02-22 1 Molly Murphy 8504358300 2011-02-21 2009 2016-02-24 21:20:13Z Susan Stephenson 11000 University Pkwy Building 12 Pensacola FL 32514 44739652 0 X www.uwf.edu/foundation X 1965 FL See Schedule O. 26 24 0 26 -5425 -8840 2346122 2939498 7235361 7835364 -1234942 2121285 2741 24460 8349282 12920607 1090405 920001 0 1200863 2536569 31840 12997 267655 10182485 8076234 12505593 11545801 -4156311 1374806 111900600 117644314 45780691 47415003 66119909 70229311 Soliciting, receiving, and administering gifts and bequests of property and funds for scientific, educational, and charitable purposes all for the advancement of the University of West Florida (UWF). To promote and support education and education facilities, including housing at UWF. 0 0 7538995 7859057 Student Housing Program - The UWF Department of Housing provides housing for approximately 14.9%, i.e., over 1,750 students, of the University's student body. Occupancy of dorms is consistently maintained at 100%. In addition to residential services, Housing offers 1,796 programs designed to enhance the students' learning environment as well as enrich the students' college experience. Completed financing and building of Heritage Hall, a 250 bed student resident's hall opened in August 2010. 808499 808499 Student Scholarship Program: The UWF Foundation awarded more than $1,077,842 in scholarships to 841 UWF students. Total award amount includes Florida State match for the first generation program and other student support. These scholarships helped to ensure those students gained a higher education. One of the newer scholarships promoted during the year was the First Generation Scholarship. This scholarship enables students, who are first generation in their family to attend college, to be able to afford college tuition. The Foundation raised and awarded $195,000 of First Generation scholarships during the year. 482767 Eminent Scholars and Professorships: The UWF Foundation had 2 eminent scholars and 4 distinguished professors during the fiscal year. These professorships helped to advance the educational mission of the university by having distinguished and specialized professors teach students. 1567203 111502 198005 All Other Programs: The UWF Foundation had agency accounts which support the mission of certain departments and colleges within the university. These accounts primarily consist of donated funds to help support faculty salaries, student scholarships, learning environments, professional development, and lectures. 1567203 111502 198005 10397464 1 1 0 1 0 0 1 0 1 1 1 1 0 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 45 0 1 0 1 1 1 CJ 0 0 0 1 1 0 0 0 1 26 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 0 AK AZ CA CO HI IL KY LA ME MD MA MI MN NH NJ NY OH OK OR SC UT WA WV WI DC X X Dr Susan Stephenson 8504742487 11000 UNIVERSITY PKWY PENSACOLA FL 32514 X MARNY GILLULY 0.30 X 0 0 0 susan cruz 0.00 X 0 0 0 Laverne Baker 0.30 X 0 0 0 DAVID CLEVELAND 0.40 X X 0 0 0 brian haugen 0.30 X 0 0 0 tim haag 0.20 X 0 0 0 Patricia Denkler 0.40 X X 0 0 0 The Honorable Casey Rodgers 0.10 X X 0 0 0 C Ray Jones 0.20 X 0 0 0 Judy Byrne Riley 0.20 X 0 0 0 Dennis larry 0.10 X 0 0 0 RICHARD SANFILIPPO 0.10 X 0 0 0 BRETT SHAW 0.20 X X 0 0 0 wayne williams 0.50 X 0 0 0 Dr Judith A Bense 0.20 X X 0 218981 53193 Michelle Anchors 0.30 X 0 0 0 Rick Fountain 0.10 X 0 0 0 John McGee 0.00 X 0 0 0 Richard Peterson 0.20 X 0 0 0 Nick Power 0.10 X 0 67261 17947 Steve Riggs 0.10 X 0 0 0 Josh Finely 0.20 X 0 0 0 Brian Wyer 0.20 X 0 0 0 Jim Donatelli 0.20 X 0 0 0 John Hutchinson 0.20 X 0 0 0 Debbie Ritchie 0.10 X 0 0 0 SUSAN STEPHENSON 8.00 X 0 93500 15006 sheri pope 40.00 X 0 53266 5425 Jeffrey Djerlek 40.00 X 0 39231 9120 Dr Chula King 1.00 X 0 210720 34861 Dr Hal M White Jr 1.00 X 0 204060 27244 Dr Morris L Marx 1.00 X 0 186990 29807 Dr Frank E Ranelli 1.00 X 0 172192 29707 Dr John F Azzaretto 1.00 X 0 171591 29088 Dr Janet K Pilcher 1.00 X 0 173570 23502 Dr Leasha M Barry 1.00 X 0 198568 13318 0 1789930 288218 0 0 1 0 The Haskell Company 111 Riverside Avenue Jacksonville FL 32202 Construction of Residence Hall 5395618 JANI-KING 5528 n davis highway suite g penSACOLA FL 32504 Janitorial SERVICES 323337 Southwest Contract 17 Professional Drive Temple TX 76504 Furniture for Heritage Hall 112344 Fisher Brown Inc 1701 W Garden Street PensacoLA FL 32501 Insurance policy provider 108599 4 10475 2929023 175808 2939498 RENTAL INCOME - Housin 721310 7401133 7401133 RENTAL INCOME - Other 900099 236226 236226 AUXILLARY INCOME - HOU 900099 131733 131733 66272 66272 7835364 1383326 221698 1161628 30835 30835 32551305 31813346 737959 737959 737959 4749 10475 5699 -950 -950 LOSS FROM PARTNERSHIP 523000 -5425 -5425 -5425 12920607 8057062 -5425 1929472 920001 920001 2536569 2126450 255176 154943 11492 711 10781 33530 18750 14780 60225 60225 12997 12997 302974 302974 400207 352317 39070 8820 237578 204505 31942 1131 332693 230505 47543 54645 978790 945257 33533 258130 218164 36142 3824 79427 48061 7185 24181 2126157 2126157 1510152 1508301 1851 221087 201747 19340 Repair/Maintenance/Supp 755985 754663 1275 47 University/Staff Suppor 437140 437140 Housing Related Expense 252747 252747 Bad Debt Expense 11632 18016 -6384 66288 33972 25249 7067 11545801 10397464 880682 267655 3121150 4071182 28685140 18721871 2187476 1886640 274226 389973 120260 100561 50614836 12885127 27869011 37729709 34297839 37837283 11307112 12557346 4038386 4349749 111900600 117644314 1186008 3709086 44387390 43495392 207293 210525 45780691 47415003 X 9542365 10620588 13751493 15575649 42826051 44033074 66119909 70229311 111900600 117644314 X 0 1 1 X 0 X 2062092 3456286 6340266 2346122 2939498 17144264 2062092 3456286 6340266 2346122 2939498 17144264 17144264 1428140 1489746 1552377 2348371 1156203 7974837 143571 160637 80409 12500 217796 614913 25734014 36563822 0.66620 0.64010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 60225 60225 10336931 10397156 669858 167465 0 0 672685 689830 711481 669858 2743854 4115781 89970 60150 60150 60225 270495 168171 172458 177870 167465 685964 1028946 2644920 X X 0 39183437 1169999 5032996 565859 1031677 897895 42891001 54255781 1313613 -12398267 1004494 1810024 1173172 39183437 0.01450 0.98550 0.00000 0 0 1454483 1454483 37529266 12730179 24799087 202867 154948 47919 11428220 11428220 37729709 Commingled Funds 11205481 F Private Equity Funds 342347 F Real Estate Investment Trust 1009518 F 12557346 Split Interest Agreements 210525 210525 12920607 11545801 1374806 3944690 -1210094 2734596 4109402 16855203 3944690 -10094 3934596 12920607 0 12920607 11545801 0 11545801 0 11545801 Part III, Line 4: The collection will be displayed in the Maritime Museum as artifacts for education. The University Board of Trustees has signed a lease agreement to begin construction within five years. Part V, Line 4: Description of Intended Use of Endowment Funds: The income from the endowment funds is to be used for scholarships, professorships, and programs of the University of West Florida. All funds are used to advance the mission of the University. Part XI, Line 8 - Other Adjustments: change in split-interest agreement value: -11044. Other changes in net assets-990 : -1200000. Loss on Fundraising (Golf Tournament): 950. Part XII, Line 2d - Other Adjustments: CHANGE IN SPLIT INTEREST AGREEMENT VALUE : -11044. Loss on Fundraising (Golf Tournament): 950. Europe (Including Iceland & Greenland) 0 0 Program Services Study abroad 17487 Central America and the Caribbean 0 0 Investments 0 0 17487 X X X X X X 1 Charitable Auto Resources Inc Vehicle Donation 1 31960 9588 22372 Libbie Hambleton Underwriting 0 20342 6883 13459 52302 16471 35831 AK AR AZ CA CO CT HI KY LA ME MD MA MI MN NH NJ NY OH OK OR SC UT VA WA WV Alum Golf Trn. 15224 10475 4749 608 2419 896 1776 15224 10475 4749 608 2419 896 1776 5699 -950 1 Scholarships 841 920001 0 Fair Market Value N/A Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Scholarships and grants are awarded by the Foundation through the University of West Florida (UWF). UWF adheres to any applicable state and federal guidelines, as well as the guidelines from donor agreements. The Foundation reimburses UWF for awards to students, thus no direct payments are made to grant/scholarship recipients from the Foundation. X 1 1 X 0 0 0 0 0 0 0 0 0 Dr Judith A Bense 0 218981 0 0 0 0 0 46573 0 6620 0 272174 0 202413 Dr Chula King 0 210720 0 0 0 0 0 21040 0 13821 0 245581 0 229330 Dr Hal M White Jr 0 204060 0 0 0 0 0 20733 0 6511 0 231304 0 220897 Dr Morris L Marx 0 186990 0 0 0 0 0 18696 0 11111 0 216797 0 304361 Dr Frank E Ranelli 0 172192 0 0 0 0 0 18426 0 11281 0 201899 0 192559 Dr John F Azzaretto 0 171591 0 0 0 0 0 17803 0 11285 0 200679 0 191443 Dr Janet K Pilcher 0 173570 0 0 0 0 0 18074 0 5428 0 197072 0 0 Dr Leasha M Barry 0 198568 0 0 0 0 0 8132 0 5186 0 211886 0 0 Part I, Line 1a 1a. Health or Social Club Dues or Initiation Fees - Dr. Judith A. Bense is a member of McGuire's Irish Politician Club, restaurant membership, which is used for the purpose of entertaining guests of the University of West Florida. escamiba County Florida Housing Finance Authority - 2005 Series 593010066 296120BJ6 2005-12-01 18290000 To refund the 2002 Series bonds 0 0 Escamiba County Florida Housing Finance Authority - 2009 Series 593010066 2009-04-24 15000000 Bank loan to finance const. 0 0 18370470 17725312 645158 1 1 1 1 15000000 1000000 136000 13864000 2010 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 0 X 1 0 X 4 18137 High/Low Avg @ D.O.G. X 6 0 X Lab Equipment 61 157671 Replacement Cost X Archival Records 1444 0 X Laptops 13 0 0 0 1 1 Method for Determining Number of Contributors: Part I, Column (b): Lines 1 - 28, Column (b): Per instructions for Schedule M, the number of items received, except for Line 9, "Securities - Publicly Traded", are reported in Column (b). Line 9 reports the number of contributions received in Column (b). Third Party Use: Part I, Line 32b: The Foundation contracts with Charitable Auto Resources, Inc. (CARS) (FEIN 20-0290042) to operate its vehicle donation program. CARS acts as the Foundation's authorized agent to accept donated vehicles and sell them to dealers, wholesalers, or at auctions. Upon transfer of the vehicle ownership by the donor, CARS sends a donation receipt to the donor. CARS provides pertinent donor and vehicle information to the Foundation on no less than a monthly basis. Subsequent to the sale of the vehicle(s), CARS remits the proceeds, less commissions, to the Foundation. Non Reporting of Revenue: Part I, Line 33: Revenue for the following noncash contributions was not reported due to the cost of an appraisal or valuation exceeding the benefit of same and no ready market existing for the sale of the item: Part I, Line 1 - Art - Works of Art: Oriental print Part I, Line 18 - Collectibles: Oriental clothing Part I, Line 26 - Other - Archival Records: Music scores created and/or collected by local pianist. Part I, Line 27 - Other - Computer Equiment: Computer laptops manufactured in 2005 In addition to the above noncash contributions, donations of marketable securities received as payment on pledges are not included on Line 9, "Securities - Publicly Traded". These are credited against the pledge receivable rather than current year contribution income. Form 990, Part VI, Section B, line 11 The draft of the Form 990 is presented to all Board Members prior to the December Board meeting. The Board suggests edits. After the edits are made, the entire Board approves the document for filing. The appropriate signatures are obtained and the Form 990 is mailed. Form 990, Part VI, Section B, line 12c Annually, each board member receives a conflict of interest questionnaire. All Board members are required to fill out and sign the questionnaire. Board members or officers who have declared or have been found to have a conflict of interest shall refrain from consideration of proposed transactions, unless for special reasons the Board or administration requests information or interpretation. Persons with conflicts shall not vote, participate in discussion or be present at the time of the vote. Any proposed transaction in which a conflict of interest has been declared or found to exist must be approved by a majority of the disinterested members of the Board or the appropriate committee of the Board after disclosure of the conflict of interest. Form 990, Part VI, Section B, line 15 The University of West Florida's Board of Trustees determines and approves all compensation. The determination includes considering compensation relative to the market level for the job family. Consideration may be given to substantial, directly related experience and comparable internal salaries, which may include factors such as job performance and level of responsibility. Form 990, Part VI, Section C, line 19 The Foundation makes their governing documents, conflict of interest policy, and financial statements available to the public through their website and upon request. Form 990, Part XI, Line 2c Responsibility of Audit Oversight The Foundation has an Executive Committee and an Audit/Budget Committee that is responsible for the selection of the independent auditors and for the oversight of the audit. Form 990, Part VI, Section B, Line 16b Joint Venture Agreement Policy The following draft language is proposed to the Board for inclusion in the Investment Policy: If the University's equity interest in a joint venture is so small that it is more in the nature of an investment interest rather than an active participation, it is not necessary to have initiation and veto powers, although it should nevertheless seek to protect its charitable interests to the extent possible. While there is no specific IRS benchmark for evaluating when an interest is small enough to constitute only an investment interest, an equity interest in a joint venture of less than 20% can generally be properly characterized as an investment rather than active participation. Such joint ventures should be considered on a case-by-case basis. Form 990, Part I, Line 1 Organization's Mission or Most Significant Activities Soliciting, receiving, and administering gifts and bequests of property and funds for scientific, educational, and charitable purposes all for the advancement of the University of West Florida. University of West Florida 11000 University Parkway Pensacola FL 32514 592976783 Higher Education FL 115(1) N/A N/A 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 1 0 University of West Florida K 267655 University of West Florida (included in total of O) N 0 university of West Florida O 2571386