2011-03-15T16:52:45-05:00 2010-06-30 DELOITTE TAX LLP 424 CHURCH STREET SUITE 2400 NASHVILLE TN 372192396 990 2009-07-01 636065809 UNIVERSITY OF SOUTH ALABAMA FOUNDATION UNIV 2514322116 PO BOX 3148 MOBILE AL 366523148 MAXEY J ROBERTS 2514322116 2011-03-15 1 6152591800 2009 2016-02-24 21:20:13Z MAXEY J ROBERTS 211 N CONCEPTION STREET MOBILE AL 36603 18050862 0 X USAFOUNDATION.ORG X 1968 AL TO SUPPORT THE EDUCATIONAL PROGRAMS OF THE UNIVERSITY OF SOUTH ALABAMA. 21 20 10 0 242379 0 13210 14550 0 1532377 3566843 1063587 937509 2609174 4518902 4870238 4395304 0 995512 1011148 0 17385 1980529 1834057 7846279 7240509 -5237105 -2721607 251735274 265193278 980559 946685 250754715 264246593 THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION WAS ESTABLISHED TO SUPPORT THE FUNCTIONS AND ACTIVITIES OF THE UNIVERSITY OF SOUTH ALABAMA. CONTRIBUTIONS ARE MADE DIRECTLY TO THE UNIVERSITY FOR AND IN SUPPORT OF STUDENT SCHOLARSHIPS AND PROGRAMS, FACULTY POSITIONS AND PROGRAMS, AND OTHER RELATED ACTIVITIES OF THE UNIVERSITY. EXAMPLES INCLUDE PROVIDING $16,280,000 IN TOTAL SUPPORT TO THE MITCHELL CANCER INSTITUTE, A MAJOR UNIVERSITY UNDERTAKING AND PROGRAM, SUPPORT OF $2,000,000 TO THE UNIVERSITY MEDICAL SIMULATION PROGRAM, FUNDING OF 22 NEW GRADUATE ASSISTANTSHIPS, AS WELL AS SUPPORT OF OTHER UNIVERSITY PROGRAMS.OVER THE PAST TEN YEARS, $71 MILLION HAS BEEN CONTRIBUTED TO THE UNIVERSITY, REFLECTING THE CENTRAL PHILOSOPHY OF ENDOWMENT FOUNDATIONS TO SUPPORT CURRENT NEEDS, WHILE ASSURING THE PURCHASING POWER IN THE FUTURE OF ENDOWMENT ASSETS AND PRESERVING STRONG ENDOWMENT ASSETS TO ASSURE SUPPORT OF THE MANY PROGRAMS AND SERVICES, AS WELL AS THE FACULTY AND STUDENTS, OF THE UNIVERSITY. 0 0 6759507 4395304 CONTRIBUTIONS TO THE UNIVERSITY OF SOUTH ALABAMA 6759507 1 1 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 15 0 1 10 1 1 1 0 0 0 0 0 0 0 0 21 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL MS X MAXEY J ROBERTS 2514322116 211 N CONCEPTION STREET MOBILE AL 366036477 OTHA LEE BIGGS 1.00 X 0 0 0 ALPHA JOHNSON 1.00 X 0 0 0 GEORGE M LAMB 1.00 X 0 0 0 VERLA E LEDLOW 1.00 X 0 0 0 V GORDON MOULTON 1.00 X 0 0 0 WALTER E PENRY JR 1.00 X 0 0 0 J ALLAN TUCKER 1.00 X 0 0 0 JOHN T WHIDDON 1.00 X 0 0 0 MARGARET D YOUNG 1.00 X 0 0 0 ROBERT D WORD 1.00 X 0 0 0 ELLEN F GREEN 1.00 X 0 0 0 D GREGORY LUCE 1.00 X 0 0 0 JAMES A YANCE 1.00 X 0 0 0 THOMAS A ZOGHBY 1.00 X 0 0 0 A JEANNE SYLVESTRE 1.00 X 0 0 0 STEVEN P FURR 1.00 X 0 0 0 LOWELL J BONDS 1.00 X X 0 0 0 ASA N GREEN 1.00 X X 0 0 0 JOHN MCMILLAN 1.00 X X 0 0 0 STEVE TONDERA 1.00 X X 0 0 0 MAXEY J ROBERTS 40.00 X X 218044 0 1322 BRAD B ROBERTS 40.00 X 113369 0 1761 JAMES H GAMBILL 40.00 X 178553 0 11761 509966 0 14844 3 0 1 0 JONES WALKER LLP 254 STATE STREET MOBILE AL 36603 LEGAL SERVICES 426257 DELOITTE & TOUCHE LLP 191 PEACHTREE STREET NE ATLANTA GA 30303 AUDITING & TAX 139442 SUPERIOR FORESTRY SERVICE PO BOX 25 TILLY AR 72679 FORESTRY SERVICES 119457 3 14550 14550 1739220 1739220 155957 155957 593618 54445 539173 539173 539173 11658270 3646868 11564149 1913366 94121 1733502 1827623 1827623 HEAVY EQUIPMENT USAGE 110000 230379 230379 ACCOUNTING AND ADMIN. 541200 12000 12000 242379 4518902 0 242379 4261973 4395304 4395304 393454 359215 19012 15227 401733 252338 149395 116248 89511 25575 1162 49164 37857 10816 491 50549 38923 11121 505 286640 220713 65927 139442 107370 32072 224154 224154 37649 28989 8660 30355 23373 6982 1098 845 253 127379 98082 29297 50892 39187 11705 208865 160826 48039 TIMBER MGT & MAINT 326636 326636 PROPERTY TAX 236497 229557 6940 CONSULTANT AND PROF FEE 65826 50686 15140 REPAIR AND MAINT EXP 59310 45669 13641 39314 30272 9042 7240509 6759507 463617 17385 2291767 863819 7536 162214871 1140762 154586802 161074109 83883941 92053149 10130499 10100363 834729 1101838 251735274 265193278 860559 886685 120000 60000 980559 946685 X 32250366 32385118 49680723 62973771 168823626 168887704 250754715 264246593 251735274 265193278 X 0 1 1 X 0 X X X 0 0 0 UNIVERSITY OF SOUTH ALABAMA 630477348 6 1 1 1 4395304 1 4395304 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 250754715 14550 21055420 -4395304 -3182788 264246593 291434107 13210 -32377611 -4870238 -3444753 250754715 0.21280 0.63910 0.14810 0 0 159445041 159445041 1329061 170327 1158734 902743 779356 123387 538026 191079 346947 161074109 DEPOSITS 60000 60000 Part V, Line 4: Description of Intended Use of Endowment Funds: THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION'S ENDOWMENT IS COMPRISED OF INDIVIDUAL FUNDS TO BE USED FOR SPECIFIC SCHOLARSHIPS, FACULTY POSITIONS, AND ACADEMIC PROGRAMS. THESE ENDOWMENT FUNDS WERE CREATED FROM INITIAL GIFTS OR CONTRIBUTIONS WITH THE INCOME AND APPRECIATION GENERATED FROM THESE ENDOWMENT FUNDS USED TO FUND VARIOUS SCHOLARSHIPS, FACULTY POSITIONS, AND ACADEMIC PROGRAMS FOR THE UNIVERSITY OF SOUTH ALABAMA. 1 UNIVERSITY OF SOUTH ALABAMA 307 N UNIVERSITY BLVD MOBILE AL 36688 630477348 4395304 SCHOLARSHIPS, FACULTY POSITIONS, AND OTHER SUPPORT Other Information: Part IV: THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION FUNDS VARIOUS SCHOLARSHIPS, FACULTY POSITIONS, AND OTHER SUPPORT TO THE UNIVERSITY OF SOUTH ALABAMA. THE UNIVERSITY OF SOUTH ALABAMA DETERMINES THE ELIGIBILTY AND AWARDING OF SCHOLARSHIPS TO WORTHY STUDENTS. THE UNIVERSITY ALSO DETERMINES THE PLACEMENT OF FACULTY POSITIONS AND CURRENT NEED FOR SUPPORT OF OTHER MORE SPECIFIC PROGRAMS. THE UNIVERSITY IN TURN SUBMITS REQUESTS FOR SUPPORT TO THE FOUNDATION TO SUPPLEMENT THE FUNDING FOR THESE VARIOUS PROGRAMS. FUNDING TO THE UNVERSITY IS BASED IN PART ON PERCENTAGE OF THE FOUNDATION'S NET ASSETS. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 MAXEY J ROBERTS 218044 0 0 0 0 0 0 0 1322 0 219366 0 0 0 JAMES H GAMBILL 178553 0 0 0 0 0 0 0 11761 0 190314 0 0 0 Supplemental Information Part III PART 1 LINE 1a. THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION PROVIDED CHARTERED AIR TRAVEL FOR SEVERAL OF ITS BOARD MEMBERS. THE CHARTERED AIR SERVICE WAS TO PROVIDE TRANSPORTATION FOR QUARTERLY BOARD MEETINGS. THE BENEFIT WAS NOT TREATED AS TAXABLE COMPENSATION. Form 990, Part VI, Section B, line 11 FORM 990 IS PREPARED BY THE FOUNDATION'S MANAGEMENT AND REVIEWED BY INDEPENDENT TAX CONSULTANTS. UPON COMPLETION, FORM 990 IS SUBMITTED TO THE FOUNDATION'S INVESTMENT AND AUDIT COMMITTEE FOR REVIEW AND THEN TO THE BOARD OF DIRECTORS FOR APPROVAL. Form 990, Part VI, Section B, line 12c THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION HAS A WRITTEN CODE OF CONDUCT AND ETHICS POLICY ("CODE") FOR ITS DIRECTORS, OFFICERS, AND EMPLOYEES. WITHIN THE CODE, THE FOUNDATION HAS INCORPORATED ITS CONFLICT OF INTEREST POLICY. THE FOUNDATION REVIEWS THE POLICY ANNUALLY AND REQUIRES ALL FOUNDATION DIRECTORS, OFFICERS, AND EMPLOYEES TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE DISCLOSING ANY CONFLICTS. Form 990, Part VI, Section B, line 15 THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION DETERMINES COMPENSATION OF MANAGEMENT AND KEY EMPLOYEES INITIALLY THROUGH AN INDEPENDENT COMPENSATION STUDY AND REVIEW OF RELEVANT DATA. THE INFORMATION IS PRESENTED TO THE FOUNDATION'S INVESTMENT AND AUDIT COMMITTEE FOR ITS REVIEW AND ACTION WITH RESPECT TO COMPENSATION. Form 990, Part VI, Section C, line 19 THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION PROVIDES, TO THE PUBLIC, ACCESS TO ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS. ALL SUCH DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FURTHER, THE FOUNDATION'S ARTICLES OF INCORPORATION ARE FILED IN THE PROBATE COURT OF MOBILE COUNTY, ALABAMA, AND THE FOUNDATION MAKES AVAILABLE TO THE PUBLIC ITS OTHER GOVERNING DOCUMENTS. THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS ARE FORWARDED TO THE UNIVERSITY OF SOUTH ALABAMA AND MADE AVAILABLE TO THE LOCAL NEWSPAPER. THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION'S FORM 990 IS AVAILABLE ON REQUEST, AND THE FOUNDATION ALSO DISCLOSES ITS NET ASSETS ON ITS WEBSITE. KNOLLWOOD DEVELOPMENT INC PO BOX 3148 MOBILE AL 366523148 631053940 REAL ESTATE DEVELOPMENT AL UNIVERSITY OF SOUTH ALABAMA FOUNDATION C 1513734 1.00000 SHUBUTA TIMBER SERVICES INC PO BOX 3148 MOBILE AL 366523148 631234748 TIMBER SERVICES AL UNIVERSITY OF SOUTH ALABAMA FOUNDATION C 415778 187722 1.00000 1 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 0 0 SHUBUTA TIMBER SERVICES INC A 230000 SHUBUTA TIMBER SERVICES INC I 230379 SHUBUTA TIMBER SERVICES INC K 12000 SHUBUTA TIMBER SERVICES INC L 415778 SHUBUTA TIMBER SERVICES INC O 421064 KNOLLWOOD DEVELPMENT INC O 12700