2023-05-05T11:56:45-05:00 2022-06-30 593204548 JAMES MOORE & CO PL 5931 NW 1ST PLACE GAINESVILLE FL 326072063 990 2021-07-01 201226494 UNIVERSITY OF FLORIDA INVESTMENT CORPORATION UNIV 3523921693 800 SW 2ND AVENUE 300 GAINESVILLE FL 32601 EDWARD KELLY COO, VICE PRESIDENT 3523921693 2023-05-04 1 EDWARD KELLY 999009999 KATIE DAVIS P01072114 3523781331 2023-05-03 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z EDWARD KELLY 800 SW 2ND AVENUE 300 GAINESVILLE FL 32601 6286501 0 X WWW.UFICO.UFL.EDU X 2004 FL THE PURPOSE OF THIS CORPORATION IS TO PROMOTE THE EDUCATIONAL PURPOSES OF THE UNIVERSITY OF FLORIDA BY PROVIDING INVESTMENT RESEARCH, ADVICE, COUNSEL AND MANAGEMENT TO AND FOR THE UNIVERSITY OF FLORIDA BOARD OF TRUSTEES, A PUBLIC BODY CORPORATE, AND SUCH AFFILIATED CORPORATIONS AS THE BOARD OF TRUSTEES OF THE UNIVERSITY OF FLORIDA MAY DESIGNATE, PROVIDED THAT SUCH ORGANIZATIONS FURTHER THE EDUCATIONAL PURPOSES OF THE UNIVERSITY OF FLORIDA AND ARE ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS NOW IN FORCE OR HEREAFTER AMENDED. 12 8 12 0 0 0 0 0 5710785 6283073 -2959 3428 0 0 5707826 6286501 0 0 0 0 5920869 5612773 0 0 0 424776 594949 6345645 6207722 -637819 78779 5168985 8667146 5055112 8591528 113873 75618 X THE PURPOSE OF THIS CORPORATION IS TO PROMOTE THE EDUCATIONAL PURPOSES OF THE UNIVERSITY OF FLORIDA BY PROVIDING INVESTMENT RESEARCH, ADVICE, COUNSEL AND MANAGEMENT TO AND FOR THE UNIVERSITY OF FLORIDA BOARD OF TRUSTEES, A PUBLIC BODY CORPORATE, AND SUCH AFFILIATED CORPORATIONS AS THE BOARD OF TRUSTEES OF THE UNIVERSITY OF FLORIDA MAY DESIGNATE, PROVIDED THAT SUCH ORGANIZATIONS FURTHER THE EDUCATIONAL PURPOSES OF THE UNIVERSITY OF FLORIDA AND ARE ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS NOW IN FORCE OR HEREAFTER AMENDED. 0 0 5228841 6283073 THE ORGANIZATION PROVIDED INVESTMENT RESEARCH, ADVICE, COUNSEL AND MANAGEMENT TO THE UNIVERSITY OF FLORIDA AND FOUR OTHER AFFILIATE ORGANIZATIONS RELATED TO THE UNIVERSITY OF FLORIDA. DURING THE YEAR, THE ORGANIZATION MANAGED ASSETS OF $4,484,018,719 FOR THESE ORGANIZATIONS. 5228841 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 12 1 0 0 0 0 0 0 0 0 0 0 1 0 X 12 8 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X JIMMY HUMPHRIES 3522731479 800 SW 2ND AVENUE SUITE 300 GAINESVILLE FL 32601 WINFRED M PHILLIPS BOARD MEMBER 1.00 50.00 X 0 460270 133270 THOMAS J MITCHELL BOARD MEMBER 1.00 50.00 X 0 1720505 54689 CHRISTOPHER COWEN BOARD MEMBER 1.00 50.00 X 0 746768 147383 JAMES W HEAVENER BOARD MEMBER 1.00 X 0 0 0 BRIAN T LEVINE BOARD MEMBER 1.00 X 0 0 0 ALEX C SMITH BOARD MEMBER 1.00 X 0 0 0 LINDSAY LEE BOARD MEMBER 1.00 X 0 0 0 JAMES J KELLY JR BOARD MEMBER 1.00 50.00 X 0 822376 36813 WILLIAM WALTON BOARD MEMBER 1.00 X 0 0 0 SCOTT J FRIEDMAN BOARD MEMBER 1.00 X 0 0 0 DOUGLAS J FREE BOARD MEMBER 1.00 X 0 0 0 ROBERT J COUSIN BOARD MEMBER 1.00 X 0 0 0 NANCY PERETZ-SHEFT BOARD MEMBER, UNTIL 9/2021 1.00 X 0 0 0 WILLIAM REESER CIO, PRESIDENT 50.00 X 1484866 0 271733 EDWARD KELLY COO, VICE PRESIDENT 50.00 X 503163 0 100294 BRIAN MAWDSLEY DEPUTY CIO 50.00 X 740145 0 141361 WILLIAM TWIBLE INVESTMENT DIRECTOR 50.00 X 479991 0 97708 JEFFREY FURST INVESTMENT DIRECTOR 50.00 X 478288 0 109891 ADAM SINGLETON INVESTMENT DIRECTOR, UNTIL 6/3/22 50.00 X 484869 0 109531 BRENNAN BUBP SENIOR INVESTMENT ANALYST 50.00 X 201061 0 67240 4372383 3749919 1269913 8 0 1 0 0 MANAGEMENT FEES 541900 6283073 6283073 6283073 3428 3428 6286501 6283073 0 3428 3263702 2800959 462743 1640644 1476580 164064 149119 143273 5846 197194 183782 13412 362114 325903 36211 23575 23575 5182 5182 1860 1860 27178 24460 2718 490 490 107211 96490 10721 21016 21016 16811 16811 146706 132035 14671 185986 185986 49502 49502 SUBSCRIPTIONS 4678 4678 MEMBERSHIPS & DUES 4410 4410 MEALS & ENTERTAINMENT 224 224 AWARDS AND COMMENDATION 120 120 6207722 5228841 978881 0 2242434 2399482 199750 197436 19732 21076 3938749 476985 255761 3461764 2451308 2587388 5168985 8667146 2778804 2880698 2276308 5710830 5055112 8591528 X -141888 87296 255761 -11678 0 0 113873 75618 5168985 8667146 78779 -117034 0 X X 0 1 X 1 0 X X X 1 UNIVERSITY OF FLORIDA 596002052 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 258588 77577 181011 144341 111748 32593 3535820 287660 3248160 3461764 INVESTMENTS - DEFERRED COMPENSATION - 457(B) PLAN 359943 MANAGEMENT FEES RECEIVABLE 2052445 DUE FROM UNIVERSITY OF FLORIDA 175000 2587388 DEFERRED COMPENSATION 1877445 DEFERRED COMPENSATION-457(B) PLAN 359943 LEASE LIABILITY 3473442 5710830 X 6286501 0 6286501 0 6286501 6207722 0 6207722 0 6207722 PART X, LINE 2: MANAGEMENT CONSIDERS THE LIKELIHOOD OF CHANGES BY TAXING AUTHORITIES IN ITS FILED INCOME TAX RETURNS AND RECOGNIZES A LIABILITY FOR OR DISCLOSES POTENTIAL SIGNIFICANT CHANGES THAT MANAGEMENT BELIEVES ARE MORE LIKELY THAN NOT TO OCCUR, INCLUDING CHANGES TO UFICO'S STATUS AS A NOT-FOR-PROFIT ENTITY. MANAGEMENT BELIEVES THE ORGANIZATION MET THE REQUIREMENTS TO MAINTAIN ITS TAX-EXEMPT STATUS AND HAS NO INCOME SUBJECT TO UNRELATED BUSINESS INCOME TAX, THEREFORE NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED IN THESE FINANCIAL STATEMENTS. X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 THOMAS J MITCHELL BOARD MEMBER 0 661357 0 0 0 1059148 0 27086 0 27603 0 1775194 0 0 WILLIAM REESER CIO, PRESIDENT 620721 0 849349 0 14796 0 254299 0 17434 0 1756599 0 0 0 CHRISTOPHER COWEN BOARD MEMBER 0 705084 0 0 0 41684 0 130219 0 17164 0 894151 0 0 BRIAN MAWDSLEY DEPUTY CIO 387616 0 351071 0 1458 0 122241 0 19120 0 881506 0 0 0 JAMES J KELLY JR BOARD MEMBER 0 590955 0 168800 0 62621 0 24853 0 11960 0 859189 0 0 EDWARD KELLY COO, VICE PRESIDENT 310250 0 189973 0 2940 0 80093 0 20201 0 603457 0 0 0 ADAM SINGLETON INVESTMENT DIRECTOR, UNTIL 6/3/22 250995 0 233256 0 618 0 91076 0 18455 0 594400 0 0 0 WINFRED M PHILLIPS BOARD MEMBER 0 451270 0 0 0 9000 0 121762 0 11508 0 593540 0 0 JEFFREY FURST INVESTMENT DIRECTOR 252655 0 225015 0 618 0 91076 0 18815 0 588179 0 0 0 WILLIAM TWIBLE INVESTMENT DIRECTOR 254388 0 225015 0 588 0 91076 0 6632 0 577699 0 0 0 BRENNAN BUBP SENIOR INVESTMENT ANALYST 113039 0 83024 0 4998 0 48438 0 18802 0 268301 0 0 0 PART I, LINE 1A BUSINESS CLASS TRAVEL ON A THREE CLASS FLIGHT OR FIRST CLASS ON A TWO CLASS FLIGHT WILL BE ACCEPTABLE FOR INTERNATIONAL FLIGHTS INVOLVING 8 OR MORE HOURS OF TRAVEL TIME AND WHERE PRODUCTIVITY WILL BE IMPACTED. PRIVATE AIRCRAFT ARE USED, AS APPROPRIATE, WHEN UFICO BOARD MEMBERS AND LEADERSHIP NEED TO ATTEND UFICO BOARD MEETINGS AND THE TIMING OR LOCATION NECESSITATES THE USE OF SUCH PLANES. PART I, LINE 4B A RELATED ORGANIZATION HAS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN, WHICH PROVIDES AN ANNUAL CONTRIBUTION BASED ON A PERCENTAGE OF THE PARTICIPANT'S ANNUAL SALARY, PAYABLE ON BEHALF OF THE PARTICIPANTS BY THE AFFILIATE. THE ANNUAL CONTRIBUTION, WHEN COUPLED WITH OTHER ORGANIZATION-PROVIDED RETIREMENT BENEFITS, IS INTENDED TO PROVIDE A MARKET COMPETITIVE LEVEL OF TOTAL RETIREMENT BENEFITS TO ATTRACT AND RETAIN EXECUTIVE TALENT. ALL AMOUNTS ARE APPROPRIATELY REPORTED IN COLUMN E OF PART VII AND COLUMN B(III) OF SCHEDULE J. LISTED PERSONS AND PLAN AMOUNTS RECEIVED DURING THE REPORTING PERIOD: JAMES KELLY JR. $57,262. PART I, LINE 7 THE ORGANIZATION HAS A DEFERRED COMPENSATION BONUS PLAN WHICH COVERS CERTAIN EMPLOYEES. UNDER THIS PLAN, A DEFERRED BONUS IS PAID WHICH INCLUDES A DISCRETIONARY COMPONENT. FORM 990, PART VI, SECTION A, LINE 7A THE APPOINTMENT OF THE ORGANIZATION'S BOARD MEMBERS IS SUBJECT TO APPROVAL BY THE UNIVERSITY OF FLORIDA BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE ORGANIZATION IS SUBJECT TO GOVERNANCE STANDARDS TO FURTHER THE UNIVERSITY OF FLORIDA'S (UF) "ONE UF" STRATEGIC MISSION AND TO ENSURE APPROPRIATE VISIBILITY AND COMMUNICATION WITH THE UF BOARD OF TRUSTEES (BOT), SUCH THAT THE BOT CAN EFFECTIVELY FULFILL ITS RESPONSIBILITY AS UF'S GOVERNING BOARD AND SO THAT EACH TRUSTEE CAN CARRY OUT HIS/HER FIDUCIARY DUTIES TO UF WHILE SERVING AS A MEMBER OF THE BOT. FOR ANY MATTERS THAT WOULD REASONABLY BE CONSIDERED MATERIAL TO UF, A DSO OR ANY AFFILIATE ENTITY, OR THAT WOULD GENERATE SIGNIFICANT MEDIA ATTENTION, THE PRESIDENT WILL CONFER WITH THE BOT CHAIR AND NOTIFY THE BOT VICE CHAIR, AND NOTIFY THE FULL BOT IN CASE OF SIGNIFICANT MEDIA ATTENTION. IT IS UNDERSTOOD THAT HEALTH, SAFETY AND OPERATIONAL EMERGENCIES MAY PRECLUDE ADVANCE NOTICE. IF IN DOUBT AS TO MATERIALITY, ADMINISTRATORS WILL ERR ON THE SIDE OF ASSUMING A MATTER IS MATERIAL. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S CHIEF OPERATING OFFICER AND CONTROLLER WILL REVIEW THE FORM 990. ADDITIONALLY, THE AUDIT COMMITTEE OF THE ORGANIZATION WILL RECEIVE, REVIEW AND APPROVE THE FORM 990 AT A MEETING OF THE AUDIT COMMITTEE. THE FORM 990 IS PRESENTED TO THE ENTIRE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES DISCLOSE QUARTERLY TO THE CHIEF OPERATING OFFICER ANY POTENTIAL CONFLICTS OF INTEREST THROUGH SIGNED STATEMENTS. ALL BOARD MEMBERS DISCLOSE ANNUALLY TO THE CHIEF OPERATING OFFICER ANY POTENTIAL CONFLICTS OF INTEREST THROUGH SIGNED STATEMENTS. THE CHIEF OPERATING OFFICER REVIEWS THESE STATEMENTS AND ADDRESSES THEM APPROPRIATELY. THE CHIEF OPERATING OFFICER REPORTS ANY POTENTIAL CONFLICTS OF INTEREST TO THE CONTROLLER AND CONTROLLER ADDRESSES THEM APPROPRIATELY. ALL POTENTIAL CONFLICTS OF INTEREST ARE REPORTED TO THE AUDIT COMMITTEE ANNUALLY OR AS DEEMED APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 A COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS APPROVES SALARIES FOR ALL EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 FEDERAL LAW DOES NOT REQUIRE THAT SUCH DOCUMENTS BE MADE PUBLICLY AVAILABLE UNLESS THEY WERE INCLUDED ON A FORM THAT IS PUBLICLY AVAILABLE (SUCH AS FORM 1023 OR 1024). WE DO NOT MAKE OUR GOVERNING DOCUMENTS, POLICIES, OR FINANCIAL STATEMENTS DIRECTLY AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C: THE PROCESS FOR THE SELECTION AND SUPERVISION OF THE ORGANIZATION'S INDEPENDENT AUDITOR HAS REMAINED CONSISTENT WITH THE PRIOR YEAR. FORM 990, PART XI, LINE 8, PRIOR PERIOD ADJUSTMENT: GASB ISSUED STATEMENT NO. 87, LEASES, IN JUNE 2017. GASB 87 SEEKS TO INCREASE THE USEFULNESS OF GOVERNMENTAL FINANCIAL STATEMENTS BY REQUIRING RECOGNITION OF CERTAIN LEASE ASSETS AND LIABILITIES FOR LEASES THAT PREVIOUSLY WERE CLASSIFIED AS OPERATING LEASES. UFICO EVALUATED THE EFFECT OF THE IMPLEMENTATION OF THE NEW STANDARD AND RETROSPECTIVELY IMPLEMENTED, BY RECORDING A LEASE LIABILITY OF $3,509,023, INTEREST EXPENSE OF $148,057, AMORTIZATION EXPENSE OF $143,830, AND A LEASE ASSET OF $3,535,820, RESULTING IN A DECREASE TO BEGINNING NET POSITION OF $117,034. UFICO LLC 800 SW 2ND AVENUE SUITE 300 GAINESVILLE FL 32601 GENERAL PARTNER/MANAGING PARTNER FL N/A UNIVERSITY OF FLORIDA 24 TIGERT HALL GAINESVILLE FL 32611 596002052 UNIVERSITY FL 115 N/A 0 UNIVERSITY OF FLORIDA FOUNDATION INC PO BOX 14425 GAINESVILLE FL 32604 590974739 FUNDRAISING FL 501(C)(3) LINE 7 UNIVERSITY OF FLORIDA 0 UNIVERSITY ATHLETIC ASSOCIATION INC PO BOX 14485 GAINESVILLE FL 32604 596002050 COLLEGIATE ATHLETIC ASSOCIATION FL 501(C)(3) LINE 5 UNIVERSITY OF FLORIDA 0 SHANDS TEACHING HOSPITAL AND CLINICS INC PO BOX 100362 GAINESVILLE FL 32610 591493502 HOSPITAL FL 501(C)(3) LINE 3 UNIVERSITY OF FLORIDA 0 CENTRAL FLORIDA HEALTH INC 600 EAST DIXIE AVENUE LEESBURG FL 34748 331197054 HOSPITAL FL 501(C)(3) LINE 3 UNIVERSITY OF FLORIDA 0 FLORIDA PRIVATE INVESTMENTS FUND LP 800 SW 2ND AVENUE SUITE 300 GAINESVILLE FL 32601 270277240 INVESTMENT FUNDS DE UFICO LLC RELATED 0 1 FLORIDA LONG TERM POOL FUND LP 800 SW 2ND AVENUE SUITE 300 GAINESVILLE FL 32601 270277090 INVESTMENT FUNDS DE UFICO LLC RELATED 0 1 FLORIDA SHORT-TERM FUND LP 800 SW 2ND AVENUE SUITE 300 GAINESVILLE FL 32601 270276790 INVESTMENT FUNDS DE UFICO LLC RELATED 0 1 FLORIDA GLOBAL EQUITY FUND LLC 800 SW 2ND AVENUE SUITE 300 GAINESVILLE FL 32601 270276884 INVESTMENT FUNDS DE UFICO LLC RELATED 0 1 FLORIDA GLOBAL FIXED INCOME FUND LLC 800 SW 2ND AVENUE SUITE 300 GAINESVILLE FL 32601 270277004 INVESTMENT FUNDS DE UFICO LLC RELATED 0 1 FLORIDA HEDGED STRATEGIES FUND LLC 800 SW 2ND AVENUE SUITE 300 GAINESVILLE FL 32601 270277727 INVESTMENT FUNDS DE UFICO LLC RELATED 0 1 FLORIDA OPPORTUNISTIC FUND LLC 800 SW 2ND AVENUE SUITE 300 GAINESVILLE FL 32601 270277160 INVESTMENT FUNDS DE UFICO LLC RELATED 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 UNIVERSITY OF FLORIDA L 1352002 FAIR MARKET VALUE