2011-05-16T15:03:03-05:00 2010-06-30 ERNST & YOUNG US LLP 55 IVAN ALLEN JR BLVD SUITE 1000 ATLANTA GA 30308 990 2009-07-01 596152180 FLORIDA STATE UNIVERSITY FOUNDATION INC FLOR 8506446000 Innovation Park 2010 Levy Avenue BUILDING B SUITE 300 Tallahassee FL 32306 THOMAS JENNINGS 2011-04-29 4048748300 2009 2016-02-24 21:20:13Z Thomas W Jennings President Innovation Park 2010 Levy Ave Tallahassee FL 32306 308302526 false X www.foundation.fsu.edu X 1960 FL THE FLORIDA STATE UNIVERSITY FOUNDATION ENHANCES THE ACADEMIC MISSION AND VISION OF THE FLORIDA STATE UNIVERSITY THROUGH ITS ORGANIZED FUNDRAISING ACTIVITIES AND FUNDS MANAGMENT. 44 43 105 902 68464 14842 27469796 37479539 169242 439054 -3734670 13395031 2951239 1092680 26855607 52406304 20741168 20865545 0 0 14457926 15261716 0 0 6001128 13837985 14435057 49037079 50562318 -22181472 1843986 415129839 447345645 18726067 16800324 396403772 430545321 THE FLORIDA STATE UNIVERSITY FOUNDATION ENHANCES THE ACADEMIC MISSION AND VISION OF THE FLORIDA STATE UNIVERSITY THROUGH ITS ORGANIZED FUNDRAISING ACTIVITIES AND FUNDS MANAGEMENT. THE FSU FOUNDATION ACCOMPLISHES ITS MISSION BY FOSTERING RELATIONSHIPS WITH ALUMNI AND FRIENDS, ADVOCATING CHARITABLE GIVING AND RAISING FUNDS ON BEHALF OF FSU; SOLICITING CONTRIBUTIONS FOR ACADEMIC PURPOSE AS PART OF FSU'S OVERALL ADVANCEMENT EFFORT; INVESTING AND DISBURSING FUNDS TO MEET CURRENT AND FUTURE NEEDS OF FSU; AND STRENGTHENING RELATIONSHIPS WITH DONORS TO FSU. false false 39533583 20865545 1766711 THE FLORIDA STATE UNIVERSITY FOUNDATION EXPENDS FUNDS FOR PURPOSES THAT ENHANCE THE ACADEMIC MISSION OF THE FLORIDA STATE UNIVERSITY. ACADEMIC SUPPORT INCLUDES SALARIES, SCHOLARSHIPS & FELLOWSHIPS, RESEARCH, CAPITAL FUNDING, EQUIPMENT & SUPPLIES, TRAVEL AND OTHER RELATED EXPENSES. THIS SUPPORT HELPS THE UNIVERSITY'S OUTSTANDING FACULTY INSPIRE STUDENTS, FOSTER AND ENHANCE STRONG ACADEMIC PROGRAMS, AND SERVE AS A KEY ELEMENT TO INSTITUTIONAL GREATNESS. EMINENT SCHOLARS AND PROFESSORSHIPS ARE PRESTIGIOUS POSITIONS HELD BY THE UNIVERSITY'S MOST ACCOMPLISHED FACULTY. SPENDING TO SUPPORT THESE POSITIONS MEANS THAT ACADEMIC EXCELLENCE WILL BE MAINTAINED. CURRICULUM DEVELOPMENT, INTERNSHIPS, INTERDISCIPLINARY WORK, EXPERIENTIAL LEARNING AND ACADEMIC ENRICHMENT ALL REQUIRE PRIVATE SUPPORT. 39533583 true true false false false false false false true true true false false false true false false false true false false true true true false false false false false false false false true false false false false false false false false true 190 0 105 true true true true BD CA HK CJ NT EI false false false true true true 2 false false 44 43 true false true false false false false true true false false true true true true true true true true false AK AZ CA CO HI KY ME MD MA MI MN MO NH NJ NY ND OH OK OR SC UT WA WV X X Laura F Hensley 8506440749 Innovation Park 2010 Levy Ave Bl Tallahassee FL 32306 Florence Ashby 1.0 X 0 0 0 Beth Azor 1.0 X X 0 0 0 Eric Barron 1.0 X 0 0 0 Yvonne Brown 1.0 X 0 0 0 Edward Burr 1.0 X 0 0 0 John Carnaghi 1.0 X X 0 0 0 Stella Cottrell 1.0 X 0 0 0 Warren Coville 1.0 X 0 0 0 Thomas Culligan 1.0 X 0 0 0 David Ford 1.0 X 0 0 0 Ralph Gonzalez 1.0 X 0 0 0 Carla Gopher 1.0 X 0 0 0 Priscilla Greenfield 1.0 X 0 0 0 Donald Harbaugh 1.0 X 0 0 0 Charles Hardwick 1.0 X 0 0 0 Mart Hill 1.0 X 0 0 0 Lee Hinkle 1.0 X 0 0 0 Gordon Holder 1.0 X 0 0 0 Robert Johnson 1.0 X 0 0 0 John Jones 1.0 X X 0 0 0 Floyd Jordan 1.0 X 0 0 0 Galen Kilburn 1.0 X 0 0 0 George Langford 1.0 X 0 0 0 Charlotte Maguire 1.0 X 0 0 0 Amelia Maguire 1.0 X 0 0 0 Joyce Miles 1.0 X 0 0 0 Jacqueline Montgomery 1.0 X 0 0 0 William Morcom 1.0 X 0 0 0 Jane Morgan 1.0 X 0 0 0 James Pate 1.0 X 0 0 0 Gerald Redditt 1.0 X 0 0 0 Terri Roach 1.0 X 0 0 0 Betty Rodgers 1.0 X 0 0 0 Jeffrey Rohr 1.0 X 0 0 0 Kirk Rostron 1.0 X 0 0 0 William Smith 1.0 X 0 0 0 Jerry Sowell 1.0 X 0 0 0 James Thomas 1.0 X 0 0 0 Hansel Tookes 1.0 X 0 0 0 Edwin Walborsky 1.0 X 0 0 0 Eric Walker 1.0 X 0 0 0 Thomas Wetherell 1.0 X 0 0 0 Ashbel Williams 1.0 X X 0 0 0 Charles Rasberry 40.0 X X 271688 0 26219 Steve Evans 40.0 X X 63217 0 0 Loriane Chorey-Smith 40.0 X 178504 0 30439 Sandra Scanlan 40.0 X 9818 0 1494 Gerald J Ganz Jr 40.0 X 100096 0 19920 Marilyn Spores 40.0 X 190894 0 26256 Sarah Patricia Ramsey 40.0 X 176437 0 24076 Patrick Crowley 40.0 X 120223 0 17706 Mark Pankey 40.0 X 130157 0 25096 Perry Fulkerson 40.0 X 166924 0 25977 Marcia Bourdon 40.0 X 124194 0 21223 1532152 0 218406 23 false true true Cambridge Associates 100 Summer Street BOSTON MA 02110 Consulting 497663 Sprucegrove Investments Mgmt Ltd 181 UNIVERSITY AVE SUITE 1300 TORONTO ONTARIO CA M5H-3M7 Investment Manager 222308 Bank of New York Mellon PO Box 11293 NEW YORK NY 10277 Investment Manager 146087 Pennington Moore Wilkinson Bell 215 S Monroe St 2nd Floor TALLAHASSEE FL 32301 Legal Services 135101 Ernst Young 401 East Jackson Street TAMPA FL 33602 Accounting 124385 12 793070 36686469 4154053 37479539 Registration/Administration 561110 439054 439054 439054 3715192 3715192 0 46619 46619 9326 0 9326 9326 9326 264586772 353718 254651959 608692 9934813 -254974 9679839 9679839 281711 793070 635571 -353860 -353860 0 0 ADVERTISING 541800 68464 68464 OTHER 1322131 1322131 1390595 52406304 1770511 68464 13087790 20822145 20822145 38400 38400 5000 5000 0 711134 360816 350318 0 13099303 7615618 2006320 3477365 444368 173032 271336 392141 3540 175583 213018 614770 200972 160797 253001 0 80297 7218 73079 124385 124385 0 0 0 1482583 743041 50809 688733 846195 828586 10965 6644 1793114 1261093 246313 285708 494610 316778 177832 0 872592 236694 635130 768 1983647 1735497 7209 240941 0 724636 707189 12798 4649 34984 34896 85 3 0 570407 570407 135341 45847 89494 Entertainment 1910723 1767385 1634 141704 PROVISION FOR UNCOLLECTABLES 1699924 1699924 BOOKS, JOURNALS, SUBSCRIPTIONS 1155256 1098037 21014 36205 2009 UBIT PAYMENT 1143 1143 All other expenses 525220 364580 129905 30735 50562318 39533583 5027607 6001128 541207 20074962 12696665 12002106 431332 202516 51235 49668 4316111 2313155 3281700 2002956 376542704 388716526 21584996 24296911 415129839 447345645 2741369 2852027 15984698 13948297 18726067 16800324 X -50459142 -35274395 92231005 97804370 354631909 368015346 396403772 430545321 415129839 447345645 X false true true X false X 43726618 35778373 59244839 27469796 37479539 203699165 43726618 35778373 59244839 27469796 37479539 203699165 203699165 6510499 6038584 5509777 6001479 3771137 27831476 13000 30000 18543 11143 68464 141150 1322131 1322131 232993922 720765 0.87427 0.89381 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 306089601 4933109 37854704 3838114 8428969 8366769 328243562 370825716 23294406 -68284307 4258047 9123955 6364212 306089601 0.01980 0.98020 0.00000 true false 386168 119000 505168 678550 528908 149642 3002222 1669813 1332409 130171 114434 15737 2002956 Remainder Interest Trusts 8395379 Funds Held in Trust by Others 14449033 CASH SURRENDER VALUE OF LIFE 1452499 24296911 0 Refundable advances 8100000 Agency Liability 295168 Annuities Obligations 5553129 13948297 52406304 50562318 1843986 -32297563 -32297563 -30453577 85339438 32297563 32297563 53041875 -635571 -635571 52406304 51197889 635571 635571 50562318 50562318 Endowment Funds Schedule D, Part V, Line 4 Spending from the Foundation's endowments supports the academic activities of the University including scholarships and programs. FIN 48 Footnote Schedule D, Part XIV In June 2006, the FASB issued Interpretation No. 48, Accounting for Uncertainty in Income Taxes (FIN 48). FIN 48 was codified in the Income Taxes Topic of the ASC (ASC 740) which creates a single model to address uncertainty in tax positions and clarifies the accounting for income taxes by prescribing the minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. Under the requirements of ASC 740, tax-exempt organizations could now be required to record an obligation as the result of a tax position they have historically taken on various tax exposure items. Effective July 1, 2009, the Foundation adopted ASC 740 which resulted in no impact on its financial statements. Other revenue adjustments Schedule D, Part XII, Line 4b EXPENSES RELATED TO FUNDRAISING EVENTS OF $635,571 ARE NETTED ON THE REVENUE SCHEDULE IN PART VIII. IN THE AUDITED FINANCIALS THESE EXPENSES ARE INCLUDED IN PROGRAM EXPENSES. Other expense adjustments SCHEDULE D, PART XIII, LINE 2 EXPENSES RELATED TO FUNDRAISING EVENTS OF $635,571 ARE NETTED ON THE REVENUE SCHEDULE IN PART VIII. IN THE AUDITED FINANCIALS THESE EXPENSES ARE INCLUDED IN PROGRAM EXPENSES. Central America and the Caribbean 0 0 Investments N/A 0 North America 0 0 Investments N/A 0 East Asia and the Pacific 0 0 Investments N/A 0 Europe (Including Iceland and Greenland) 0 0 Investments N/A 0 0 0 0 7 Days of Openi 298551 296071 2480 343492 Ringling Intern 597198 394820 202378 199527 10 179032 102179 76853 92552 1074781 793070 281711 635571 635571 -353860 true The Florida State University 600 W College Ave Tallahassee FL 32306 591961248 501(c)3 14902686 4514615 FMV Computers, equipment The Florida State University Research Foundation 874 Traditions Way Suite 300 Tallahassee FL 32306 593211153 501(c)3 1161851 RESEARCH SUPPORT Southern Scholarship House 322 Stadium Drive Tallahassee FL 32304 590939481 501(c)3 15149 SCHOLARSHIP SUPPORT Center for Independent Thought 73 Spring Street New York NY 10012 520945376 501(c)3 16000 DONATION Big Bend Hospice 1723 Mahan Ctr Blvd Tallahassee FL 32308 592328806 501(c)3 20000 DONATION University of Central Florida 4000 Central Florida Blvd Orlando FL 32816 592924021 501(c)3 12937 SCHOLARSHIP SUPPORT University of Florida Financial Aid S-107 Criser Hall PO Box 114025 Gainsville FL 32611 596002052 501(c)3 13387 SCHOLARSHIP SUPPORT University of North Florida 4567 St Johns Bluff S Jackville FL 32224 592976169 501(c)3 15763 SCHOLARSHIP SUPPORT Seminole Boosters Inc Florida State University University Ctr C5100 Tallahassee FL 32306 591561180 501(c)3 54038 SCHOLARSHIP SUPPORT Tallahassee Memorial Healthcare Foundation 1331 E 6th Ave Tallahassee FL 32306 591727645 501(c)3 55000 MEDICAL RESEARCH SUPPORT 11 0 Academic Support 63 33000 Industry Award 10 5400 MAINTENANCE OF RECORDS TO SUBSTANTIATE GRANTS OR ASSISTANCE FORM 990, SCHEDULE I, PART I, QUESTION 1 THE UNIVERSITY OVERSEES THE GRANT PROCESS. UNIVERSITY PERSONNEL DETERMINE WHO WILL RECEIVE AWARDS AND HOW THEY ARE AWARDED. THE UNIVERSITY THEN GIVES THE FOUNDATION AN APPROVED DISBURSEMENT REQUEST TO TRANSFER THE FUNDS. THE FOUNDATION KEEPS RECORDS OF THE DISBURSEMENTS AS PART OF ITS ACCOUNTS PAYABLE DOCUMENTATION. PROCEDURES FOR MONITORING USE OF GRANTS SCHEDULE I, PART I, QUESTION 2 The organization does not have formal monitoring procedures after the grant is made. However, at the time of the grant, the organization audits the disbursement to ensure that it meets the donor's intent. X X true true X X false false false false false false false false false Charles Rasberry 264828 0 0 0 6860 0 21898 0 4321 0 297907 0 0 0 Steve Evans 63217 0 0 0 0 0 0 0 0 0 63217 0 0 0 Loriane Chorey-Smith 170988 0 0 0 7516 0 22735 0 7704 0 208943 0 0 0 Sandra Scanlan 9818 0 0 0 0 0 967 0 527 0 11312 0 0 0 Gerald J Ganz Jr 100096 0 0 0 0 0 10440 0 9480 0 120016 0 0 0 Marilyn Spores 169606 0 0 0 21288 0 23635 0 2621 0 217150 0 0 0 Sarah Patricia Ramsey 154437 0 0 0 22000 0 21455 0 2621 0 200513 0 0 0 Mark Pankey 123195 0 0 0 6962 0 16871 0 8225 0 155253 0 0 0 Perry Fulkerson 158425 0 0 0 8499 0 20589 0 5388 0 192901 0 0 0 Supplemental Compensation Information SCHEDULE J, PART I, LINE 1A Charter flights are provided for the Foundation president to attend scheduled meetings when commercial travel alternatives are not available . When charter flights are used, other Foundation and University executives travel with the president to prepare en route for the meetings. The Foundation paid social club dues, specifically for fundraising purposes, for the Foundation president. Only business use of the social club membership is allowed therefore there is no reportable taxable compensation. SCHEDULE J, PART I During the fiscal year ended June 30, 2010, the Foundation's Interim CFO, Sandy Scanlan and the CFO, Gerald J. Ganz, Jr. were employees of Florida State University. Steve Evans, Interim President of the Foundation, was an independent contractor paid by Florida State University. Florida State University has been determined to be an unrelated organization for purposes of Form 990 reporting. X 4975 opinions of experts X 21 226189 SALE OF COMPS X 1 40573 opinions of experts X EQUIPMENT AND SUPPLIES 23 3867669 SALE OF COMPARABLES X SILENT AUCTION ITEMS FOR FUNDRAISER 73 14647 SALE OF COMPARABLES false true false Art - Works of Art Schedule M, Part I, Line 1 THE FOUNDATION DOES NOT REPORT CONTRIBUTIONS OF ART AS REVENUE, AS PERMITTED UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES AS CODIFIED IN THE NOT-FOR-PROFIT ENTITIES TOPIC OF THE ASC (ASC 958). Reason for Not Filing Form 990-T Form 990, Part V, Question 3b The Foundation has received an extension to file the 990-T. The extended due date is May 16, 2011. The Foundation's 990 and 990-T are filed at the same time. Description of Relationships Form 990, Part VI, Line 2 Ms. Amelia Rea Maguire (Trustee) is the daughter of Ms. Charlotte E. Maguire, MD (Trustee) Significant Changes to Organization Documents Form 990, Part VI, Question 4 Articles of Incorporation were amended as of 5/21/2010. They were filed with the State of Florida on 9/21/2010. Describe the Process used by Management &/or Governing Body to Review 990 Form 990, Part VI, Question 11 The following is the review and distribution process for the Foundation's Forms 990 and 990-T. This process takes place each year prior to filing the forms with the IRS: 1) The CFO reviews Form 990 and Form 990-T with the CEO and resolves any issues or questions with the independent accounting firm that prepares the forms. It is the CFO and CEO's responsibility to confirm that these forms represent the Foundation's financial condition for the period being reported and do not contain any untrue statements or omit any material facts; 2) the Foundation's Board of Trustees has delegated to the Audit Committee the responsibility for the final review of the draft Forms 990 and 990T and no further review by the Board is required before the forms are filed with the IRS. The committee's review is documented in the committee meeting minutes; 3) Draft Forms 990 and 990-T are provided to each voting board member of the Board of Trustees prior to filing the forms with the IRS. Distribution may be in the form of electronic mail, notification of a link to a website or actual mailing of the document. Description of Process to Monitor Transactions for Conflicts of Interest Form 990, Part VI, Question 12c Annually all trustees are asked to fill a conflict of interest form. The Board staff liaison monitors the process to ensure that completed forms are returned by all members with individual follow up when necessary. Hard copies of all forms are retained. It is the responsibility of the Assistant Secretary of the Board to inform the Board Chair and Committee Chairpersons of any existing conflicts so that they can be sure that board members recuse themselves from any discussions and/or actions including votes on issues where there is a conflict of interest. Offices & Positions for Which Process was Used, & Year Process was Begun Form 990, Part VI, Questions 15a & 15b Beginning in 1997, the Foundation has conducted an annual survey of salaries at comparable university related advancement organizations. The survey is conducted by an independent salary consultant who provides statistical analysis of the results. Comparison for key positions, which includes the President and officers, are included every year with other positions included on an as needed basis. The survey results are used to budget salaries for the coming year. Salary costs including benefits are detailed by position in the budget. Compensation for the Foundation's President, officers and all employees is approved by the Board of Trustees as part of the annual budget process. This approval is documented in the Board Meeting minutes. Avail of Gov Docs, Conflict of Interest Policy, & Fin Stmts to Gen Public Form 990, Part VI, Question 19 The Foundation's governing documents, conflict of interest policy and financial statements are available upon request. The Foundation's Form 990 and Form 990-T are available on the Foundation's website and upon request.