2023-02-15T11:36:01-06:00 2022-09-30 454084437 WARREN AVERETT LLC 3815 INTERSTATE CT MONTGOMERY AL 36109 990 2021-10-01 636067755 TROY UNIVERSITY FOUNDATION TROY 3346703000 ADAMS ADMINISTRATION BLDG 241 TROY STATE UNIVERSITY AL 36082 DR JAMES BOOKOUT TREASURER 3346703000 2023-02-13 1 DR JAMES BOOKOUT 999009999 JERI GROCE P01333499 3342712200 2023-02-13 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z DR JAMES BOOKOUT 241 ADAMS ADMINISTRATION TROY AL 36082 16941775 0 X WWW.TROY.EDU/DEVELOPMENT/FOUNDATION X 1968 AL SUPPORT OF TROY UNIVERSITY STUDENTS, FACULTY, STAFF AND ALUMNI 22 22 0 0 242267 86407 9519124 7590351 0 0 1592776 3163671 3124995 4137087 14236895 14891109 3863655 5730634 0 0 0 0 0 0 186298 2705754 3216844 6569409 8947478 7667486 5943631 251536204 216795680 136559171 111472772 114977033 105322908 TO ASSIST TROY UNIVERSITY IN BUILDING ITS ENDOWMENT THROUGH A COORDINATED DONOR PROGRAM AND SOUND INVESTMENT POLICY THEREBY ENSURING RELIABLE RESOURCES FOR THE FUTURE. 0 0 7468898 5730634 3843048 SUPPORT OF TROY UNIVERSITY SYSTEM ACADEMICS, LIBRARY, FACULTY, STAFF, ALUMNI AND STUDENT PROGRAMS FOR APPROXIMATELY 15,000 STUDENTS AND 100,000 ALUMNI. 7468898 1 1 0 0 0 0 0 1 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 1 37 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 X 22 22 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 AL X X DR JAMES BOOKOUT 3346703108 ADAMS ADMINISTRATION BUILDING TROY AL 36082 X DR JAMES R ANDREWS EMERITUS 1.00 X 0 0 0 DR JAMES BOOKOUT JR TREASURER 1.00 X X 0 0 0 KAREN CARTER BOARD MEMBER 1.00 X 0 0 0 JEFFREY COLEMAN CHAIR 1.00 X X 0 0 0 ROY DRINKARD BOARD MEMBER 1.00 X 0 0 0 JOHN R FERGUSON BOARD MEMBER 1.00 X 0 0 0 DR JACK HAWKINS JR PRESIDENT 1.00 X X 0 0 0 RONI HOLLEY ALUMNI BOARD PRESIDENT 1.00 X 0 0 0 HORACE HORN JR BOARD MEMBER 1.00 X 0 0 0 LARRY HUGHES VICE-CHAIR 1.00 X X 0 0 0 DR EARL JOHNSON BOARD MEMBER 1.00 X 0 0 0 DR MANLEY JOHNSON BOARD MEMBER 1.00 X 0 0 0 BILLY JONES BOARD MEMBER 1.00 X 0 0 0 JEFFREY KERVIN BOARD MEMBER 1.00 X 0 0 0 DAVID MALLACH BOARD MEMBER 1.00 X 0 0 0 DOUG MIMS BOARD MEMBER 1.00 X 0 0 0 RANDALL MOORE BOARD MEMBER 1.00 X 0 0 0 CLAUDENCE NICHOLS BOARD MEMBER 1.00 X 0 0 0 LEWIS RUSHING BOARD MEMBER 1.00 X 0 0 0 DR JOHN SCHMIDT EXECUTIVE VICE PRESIDENT 1.00 X X 0 0 0 MR GREG KNEDLER VICE PRESIDENT 1.00 X X 0 0 0 DR HARREL MCKINNEY BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 PLAYFLY HOLDINGS LLC 22 CASSATT AVE BERWYN PA 19312 SPORTS MANAGEMENT 417612 PINCKARD VAULT & MARBLE WORKS 902 S BRUNDIDGE ST TROY AL 36081 CONTRACTOR 236103 SODEXO MANAGEMENT INC 9801 WASHINGTONIAN BOULEVARD GAITHERSBURG MD 20878 CATERING 232257 HURON CONSULTING GROUP 550 W VAN BUREN ST CHICAGO IL 60607 CONSULTING 172677 OUTFRONT MEDIA SPORTS INC PO BOX 33074 NEWARK NJ 07188 SPORTS MANAGEMENT 166526 5 89917 7500434 2118119 7590351 747648 747648 425000 182733 242267 242267 242267 4162456 1746433 2416023 2416023 2416023 173272 89917 121500 51772 51772 OTHER INCOME 3843048 3843048 3843048 14891109 3843048 242267 3215443 5730634 5730634 58095 58095 140049 85975 29557 24517 5600 5246 354 413098 271024 90797 51277 56389 56389 338513 338513 CONTRACT SERVICES 1301750 843168 420658 37924 DONATION EXPENSE 177518 176350 1168 GIFTS AND AWARDS 174178 100810 40704 32664 BAD DEBT 85495 48125 37370 466159 207566 218677 39916 8947478 7468898 1292282 186298 191842 201233 25578224 25950666 3894678 1681669 151875 101026 6300000 6300000 26035527 3975886 20915426 22059641 191539691 157576692 2964468 2924753 251536204 216795680 1171864 1889889 2834964 3011158 129308880 103598214 3104829 2872692 138634 100819 136559171 111472772 X 36088912 35724600 78888121 69598308 114977033 105322908 251536204 216795680 X 5943631 -15649047 51291 X X 0 1 X 1 0 X 6981180 7574720 5583395 9519124 7590351 37248770 6981180 7574720 5583395 9519124 7590351 37248770 3407236 33841534 2583738 2355697 1950590 699383 747648 8337056 198446 221281 236828 291858 242267 1190680 46776506 0.72350 0.73430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7881870 X 0 0 1 X 67935681 708884 -11345509 1446382 55852674 56336770 2091516 10299581 792186 67935681 48505397 1053366 7807677 525840 470646 33184 56336770 46702869 652124 2161093 52741 957948 48505397 42521525 1367313 4028138 52479 179872 981756 46702869 0.04000 0.96000 0.00000 0 0 101198 954960 1056158 11761392 85697 11675695 4984899 3719607 1265292 351208 170582 180626 7881870 7881870 22059641 GIFT ANNUITY LIABILITY 100819 100819 X -402415 -15649047 304233 -15344814 14942399 -51290 -51290 14891109 9251711 304233 304233 8947478 0 8947478 PART III, LINE 4: THE FOUNDATION HAS COLLECTIONS OF ARTWORK THAT ARE USED TO SUPPORT TROY UNIVERSITY STUDENTS, FACULTY, STAFF AND ALUMNI BY CREATING EDUCATIONAL OPPORTUNITIES AND TO HEIGHTEN UNDERSTANDING AND APPRECIATION OF THE VISUAL WORLD. TROY UNIVERSITY HAS CREATED AN ART MUSEUM WHERE THESE WORKS OF ART WILL BE DISPLAYED. PART IV, LINE 2B: TROY UNIVERSITY TRANSFERRED FUNDS TO THE FOUNDATION FOR INVESTMENT. THE TOTAL BALANCE AT SEPTEMBER 30, 2022 WAS $102,758,555. CENTER SERVICES, INC. (CSI) INVESTED $626,700 IN THE FOUNDATION'S POOLED ENDOWMENT. THE TOTAL BALANCE AT SEPTEMBER 30, 2022 WAS $649,980. PART V, LINE 4: THE FOUNDATION ESTABLISHES ENDOWED FUNDS TO SUPPORT DONOR(S) PURPOSES IN PERPETUITY. GIFTS OF CASH OR CASH GENERATED FROM CONVERSION OF A NON-CASH ASSET ARE INVESTED IN THE TROY FOUNDATION ENDOWED INVESTMENT POOL. IT IS THE GOAL OF THE FOUNDATION ENDOWMENT INVESTMENT POLICY TO PROVIDE A REAL TOTAL RETURN FROM ASSETS INVESTED THAT WILL PRESERVE AND INCREASE THE PURCHASING POWER OF THE ENDOWMENT CAPITAL, WHILE GENERATING THE MAXIMUM YIELD TO SUPPORT THE ACTIVITIES OF THE FUNDS HELD FOR THE COLLEGES, SCHOOLS, DEPARTMENTS, UNITS AND PROGRAMS OF THE UNIVERSITY. PART X, LINE 2: THE FOUNDATION IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. CERTAIN TYPES OF INCOME MAY BE SUBJECT TO TAX FROM UNRELATED BUSINESS INCOME AS DEFINED BY THE TAX CODE. AT TIMES, THE FOUNDATION RECEIVES ROYALTY AND OTHER INCOME THAT MAY BE TAXABLE. DURING FISCAL YEARS 2022 AND 2021, THE FOUNDATION PAID APPROXIMATELY $22,777 AND $15,400 IN UNRELATED BUSINESS INCOME TAX FOR TAXABLE INCOME GENERATED IN FISCAL YEARS 2022 AND 2021, RESPECTIVELY. THE FOUNDATION FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES. AS OF SEPTEMBER 30, 2022 AND 2021, THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AND NO INTEREST AND PENALTIES RELATED TO INCOME TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 121,500. RENTAL EXPENSES 182,733. PART XI, LINE 4B - OTHER ADJUSTMENTS: DISTRIBUTIONS FROM PERPETUAL TRUST -136,384. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 85,094. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 121,500. RENTAL EXPENSES 182,733. HIGH SCHOOL SEUS 32955 32955 3918 819 FOOTBALL KICKOFF PARTY 63761 63761 7667 14874 300 607 8 166473 89917 76556 1000 18724 784 39580 23104 10124 263189 89917 173272 8667 22642 784 54454 23404 11550 121501 51771 1 TROY UNIVERSITY TROY MAIN CAMPUS TROY AL 36082 636001102 115 1829939 0 ATHLETICS & OTHER GRANTS TROY UNIVERSITY TROY MAIN CAMPUS TROY AL 36082 636001102 115 4332458 0 OTHER EXPENSES TROY UNIVERSITY TROY MAIN CAMPUS TROY AL 36082 636001102 115 445115 0 EMINENT SCHOLAR PROFESSORSHIPS TROY UNIVERSITY TROY MAIN CAMPUS TROY AL 36082 636001102 115 953061 0 STUDENT SCHOLARSHIPS PART I, LINE 2: THE FOUNDATION PRESIDENT, FOUNDATION VICE PRESIDENT, AND FOUNDATION TREASURER ARE RESPONSIBLE FOR DISBURSEMENTS OF FUNDS. FINAL EXPENDITURE OF FOUNDATION FUNDS REQUIRES THE APPROVAL OF THE FUND ADMINISTRATOR, FOUNDATION ACCOUNTING COORDINATOR, AND DIRECTOR OF NOT-FOR-PROFIT ACCOUNTING FOR DISBURSEMENTS OF $500 OR LESS. FOR DISBURSEMENTS OVER $500, THE APPROVAL OF THE FUND ADMINISTRATOR, DIRECTOR OF NOT-FOR-PROFIT ACCOUNTING, FOUNDATION PRESIDENT, AND FOUNDATION TREASURER IS REQUIRED. X 378 1991895 APPRAISAL X CLOTHING 3 120183 APPRAISAL X EQUIPMENT 2 6000 APPRAISAL X GIFT CARDS & CURRENCY 2 41 APPRAISAL 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 DR. JAMES BOOKOUT, DR. JACK HAWKINS, AND MAJOR GEN. WALTER GIVHAN - BUSINESS RELATIONSHIP DR. JAMES ANDREWS - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER, VICE PRESIDENT, AND SECRETARY OF THE FOUNDATION REVIEWED THE FORM 990 PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST TO THE FOUNDATION OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -85,094. BENEFICIAL INTEREST IN TRUSTS 136,385. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. SORRELL SOLUTIONS LLC 241 ADAMS ADMINISTRATION BUILDING TROY AL 36079 474977833 ADMINISTRATIVE SERVICES AL 103799 148061 TROY UNIVERSITY FOUNDATION