2022-02-04T14:04:35-06:00 2021-06-30 580692043 MAULDIN & JENKINS LLC 508 HAMPTON STREET COLUMBIA SC 29201 990 2020-07-01 200118161 FRANCIS MARION UNIVERSITY DEVELOPMENT FOUNDATION FRAN 8436611131 PO BOX 100547 FLORENCE SC 295020547 DARRYL BRIDGES TREASURER 8436611131 2022-02-03 1 DARRYL BRIDGES 999009999 TIM LYONS CPA P02090162 8037995810 2022-02-03 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DARRYL BRIDGES PO BOX 100547 FLORENCE SC 295020547 6587347 0 X N/A X 2003 SC THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF FRANCIS MARION UNIVERSITY, SPECIFICALLY IN MANAGEMENT OF STUDENT HOUSING, OTHER REAL PROPERTY, AND ACCEPTANCE OF GIFTS AND OTHER SUPPORT AS AGREED UPON BY THE FOUNDATION'S BOARD OF DIRECTORS AND THE UNIVERSITY. 5 4 0 0 0 0 0 637637 6182199 5918529 110117 31181 0 0 6292316 6587347 654533 503941 0 0 0 517150 0 0 0 4562802 3935505 5217335 4956596 1074981 1630751 26120149 27042578 18653073 17944751 7467076 9097827 X THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF FRANCIS MARION UNIVERSITY, SPECIFICALLY IN MANAGEMENT OF STUDENT HOUSING, OTHER REAL PROPERTY, AND ACCEPTANCE OF GIFTS AND OTHER SUPPORT AS AGREED UPON BY THE FOUNDATION'S BOARD OF DIRECTORS AND THE UNIVERSITY. 0 0 4374289 5918529 THE FOUNDATION, AS PART OF ITS MISSION TO SUPPORT THE UNIVERSITY, IS REQUIRED TO OPERATE, MAINTAIN, AND LEASE HOUSING FACILITIES FOR STUDENTS AND FACULTY. THE PROGRAM SERVICE IS CARRIED OUT THROUGH THE FOUNDATION'S SINGLE MEMBER FMU STUDENT HOUSING, LLC. ALL REVENUE GENERATED BY THE LLC FROM HOUSING SERVICES ARE MANAGED AND HELD BY THE FOUNDATION. HOUSING SERVICES ARE PROVIDED PRIMARILY DURING THE FALL AND SPRING SEMESTERS WITH MINOR REVENUES BEING RECEIVED FOR SUMMER SEMESTERS, FEES AND FINES AND SUMMER CAMP HOUSING FOR FMU SUMMER PROGRAMS. 503941 503941 THE FOUNDATION IS A PROGRAM SUPPORTED AGENCY AND ACTS IN ACCORDANCE WITH ITS NONPROFIT STATUS TO PROVIDE SUPPORT TO FRANCIS MARION UNIVERSITY. ALL DONATIONS IN KIND OR IN CASH ARE REPORTED BY THE SUPPORTED ORGANIZATION AS GIFTS FROM THE DEVELOPMENT FOUNDATION. THE DEVELOPMENT FOUNDATION PROVIDES DONATIONS TO THE EDUCATION FOUNDATION, WHICH IS A RELATED PARTY TO FRANCIS MARION UNIVERSITY. 4878230 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 X 5 4 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 SC X DARRYL BRIDGES 8436611110 PO BOX 100547 FLORENCE SC 29502 JAMES HARRELL BOARD MEMBER 0.10 X 0 0 0 FLOYD KEELS BOARD MEMBER 0.10 X 0 0 0 DARRYL BRIDGES BOARD MEMBER 0.10 37.40 X 0 142536 12189 CATHY FREDERICK BOARD MEMBER 0.10 X 0 0 0 JAY KISPERT CHAIRMAN 0.10 X 0 0 0 ERIKA COOK EXECUTIVE DIRECTOR 12.00 25.50 X 0 60919 12189 0 203455 24378 0 0 1 0 QUALITY SERVICE COMPANY LLC 2208 NATIONAL AVENUE FLORENCE SC 29501 HVAC SERVICES 153900 JOHNSON CONTROLS INC 5757 NORTH GREEN BAY AVENUE MILWAUKEE WI 53209 HVAC SERVICES 145043 PENTARISK ASSOCIATES OF GEORGIA 1870 THE EXCHANGE SW SUITE 100 ATLANTA GA 30339 INSURANCE SERVICES 133588 TIME WARNER CABLE PO BOX 223085 PITTSBURGH PA 15251 TV SERVICES 101907 4 637637 637637 HOUSING SERVICES 900099 5737108 5737108 QUARANTINE ROOMS 900099 139458 139458 INSURANCE CLAIMS 900099 41963 41963 5918529 31181 31181 6587347 5918529 0 31181 503941 503941 203455 199874 3581 167218 164275 2943 146477 143899 2578 25000 24560 440 8250 8105 145 24329 23901 428 754973 741685 13288 424 417 7 812399 798101 14298 487408 478830 8578 201063 197524 3539 REPAIRS AND MAINTENANCE 850761 835788 14973 SUPPLIES 599578 589025 10553 STUDENT SUPPORT 171320 168305 3015 4956596 4878230 78366 0 3288428 7382198 7521750 4343448 85824 133003 2415886 2863076 19523098 7202245 12808261 12320853 26120149 27042578 353789 340272 25875 133003 18273409 17471476 18653073 17944751 X 7467076 9097827 7467076 9097827 26120149 27042578 1630751 0 X X 1 X 1 X 1 0 X X 1 FRANCIS MARION UNIVERSITY 570522624 6 1 283026 0 1 283026 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X X 1 1 ROLE OF SUPPORTED ORGANIZATIONS THE BUDGET IS APPROVED BY THE FOUNDATION'S BOARD OF DIRECTORS AND SUBMITTED TO THE UNIVERSITY AS INFORMATION. THE UNIVERSITY HAS SIGNIFICANT INPUT AND EXERCISES SIGNIFICANT INFLUENCE WITH REGARD TO THE USE OF THE ORGANIZATIONS RESOURCES, AS PROVIDED IN THE BYLAWS. HOW SUPPORTED GOVERNMENT ENTITY FRANCIS MARION UNIVERSITY DEVELOPMENT FOUNDATION IS OPERATED FOR THE BENEFIT OF FRANCIS MARION UNIVERSITY SPECIFICALLY TO ACQUIRE, CONSTRUCT, FINANCE, PLEDGE, MAINTAIN, OPERATE, MANAGE AND LEASE HOUSING FACILITIES FOR STUDENTS AND FACULTY OF THE UNIVERSITY AND OTHER REAL PROPERTY (AND RELATED PERSONAL PROPERTY) FOR THE BENEFIT AND SUPPORT OF THE UNIVERSITY. EXPLANATION OF SUPPORTED ORGANIZATIONS FRANCIS MARION UNIVERSITY DEVELOPMENT FOUNDATION WAS CREATED TO SUPPORT FRANCIS MARION UNIVERSITY THROUGH OPERATING, MANAGING AND LEASING HOUSING FACILITIES FOR STUDENTS AND FACULTY OF THE UNIVERSITY. THE FOUNDATION HAS CONTINUED ITS SUPPORT TO THE UNIVERSITY BY PERFORMING THE ACTIVITIES DESCRIBED. EXPLANATION OF ORGANIZATION'S POSITION THE HOUSING FACILITIES ARE NECESSARY AND INDISPENSABLE TO THE CONTINUING EXISTENCE AND OPERATION OF THE UNIVERSITY. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18403453 6569711 11833742 572315 209788 362527 411915 409911 2004 135415 12835 122580 12320853 6579097 0 6579097 8250 8250 6587347 4948346 0 4948346 8250 8250 4956596 FORM 990, PART XII, LINE 2B: THE FINANCIAL STATEMENTS DO NOT CONTAIN A FOOTNOTE REGARDING THE ORGANIZATION'S LIABLITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48. 0 FRANCIS MARION UNIVERSITY PO BOX 100547 FLORENCE SC 29502 570522624 170(B)(1)(A) 283026 BOOK UNIVERSITY SUPPORT FMU EDUCATION FOUNDATION PO BOX 100547 FLORENCE SC 29502 237432174 501(C)(3) 220915 BOOK UNIVERSITY SUPPORT PART I, LINE 2: THE FOUNDATION DOES NOT AWARD GRANTS BUT PROVIDES OTHER ASSISTANCE IN THE FORM OF CONTRIBUTIONS AND NON-CASH CONTRIBUTIONS TO THE UNIVERSITY AND ITS EDUCATION FOUNDATION AS SUPPORT FOR THE UNIVERSITY AS OUR 509(A)(3) STATUS REQUIRES. 0 0 0 0 0 0 0 0 0 DARRYL BRIDGES BOARD MEMBER 0 142536 0 0 0 0 0 0 0 12189 0 154725 0 0 A SC JOBS - ECONOMIC DEVELOPMENT AUTHORITY 570960018 83704LAS7 2006-12-29 10249182 CONSTRUCTION OF STUDENT HOUSING 0 0 0 B SC JOBS - ECONOMIC DEVELOPMENT BONDS 570960018 837031TL7 2014-11-12 13404505 REFINANCE OF 2004A BOND 0 0 0 A 2514182 10249182 655625 436158 204296 484000 7682545 786558 2007 0 0 0 1 B 3379505 13404505 999000 258752 13145753 2014 1 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 1 0 0 0 0 1 B 1 0 0 0 0 1 A 1 B 1 FORM 990, PART VI, SECTION A, LINE 2 FRANCIS MARION UNIVERSITY (FMU) DARRYL BRIDGES - EMPLOYEE OF FMU (VP) ERIKA COOK - EMPLOYEE OF FMU FORM 990, PART VI, SECTION B, LINE 11B THE FULL BOARD OF THE FOUNDATION IS PROVIDED A COPY OF THE 990 PRIOR TO SUBMISSION TO THE IRS. WHEN A MEETING OF THE FULL BOARD PRIOR TO SUBMISSION IS NOT FEASIBLE, THE BOARD IS GIVEN THE 990 AND PROVIDED A TWO WEEK COMMENT PERIOD. FORMAL APPROVAL IS DOCUMENTED BY THE CHAIRMAN AND THE TREASURER OF THE BOARD. IF A MEETING ISN'T HELD PRIOR TO THE SUBMISSION TO THE IRS, A FULL BRIEFING IS PROVIDED AT THE NEXT MEETING AND APPROVAL OF THE ENTIRE BOARD IS OBTAINED DURING THAT TIME. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED EACH YEAR THROUGH THE REVIEW OF THE FOUNDATOIN'S BYLAWS AFTER WHICH THE BOARD IS REQUIRED TO HAVE EACH MEMBER SIGN THE FOUNDATION'S ANNUAL STATEMENT FORM NOTING THAT EACH MEMBER HAS REVIEWED THE BYLAWS, NOTED THE CONFLICT OF INTEREST POLICY, AND UNDERSTAND THE REQUIREMENTS SET FORTH THERE IN. NO SUCH VIOLATIONS OF THE CONFLICT OF INTEREST POLICY HAS OCCURRED TO DATE. THE EXECUTIVE DIRECTOR OF THE FOUNDATION CONTINUALLY MONITORS TRANSACTIONS TO ENSURE THE FOUNDATION'S BYLAWS AND CONTROLDS ARE ADHERED TO. FORM 990, PART VI, SECTION B, LINE 15A THE FOUNDATION ONLY COMPENSATES THE EXECUTIVE DIRECTOR OF THE FOUNDATION. COMPENSATION IS THROUGH A REIMBURSEMENT AGREEMENT THE FOUNDATION HAS WITH THE UNIVERSITY TO COMPENSATE THE EXECUTIVE DIRECTOR IN AN AMOUNT AGREED TO BY THE FOUNDATION'S BOARD BASED ON TIME AND COMPENSATION BASED ON SIMILAR ORGANIZATION'S NOTED POLICIES. FORM 990, PART VI, SECTION C, LINE 18 ALL DOCUMENTS (BYLAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE FOUNDATION. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS (BYLAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE FOUNDATION. FORM 990, PART XII, LINE 2C: THE FOUNDATION DIDN'T CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. FMU STUDENT HOUSING LLC PO BOX 100547 FLORENCE SC 29502 200118161 HOUSING SC 6673129 19941463 FMU DEVELOPMENT FOUNDATION FRANCIS MARION UNIVERSITY PO BOX 100547 FLORENCE SC 29502 570522624 HOUSING SC 501(C)(3) 170(B)(1)(A)(V) N/A 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 0 1 FRANCIS MARION UNIVERSITY B 283026 BOOK/ACCRUAL FRANCIS MARION UNIVERSITY K 233412 BOOK/ACCRUAL FRANCIS MARION UNIVERSITY M 135000 BOOK/ACCRUAL FRANCIS MARION UNIVERSITY O 32024 BOOK/ACCRUAL FRANCIS MARION UNIVERSITY P 2887923 BOOK/ACCRUAL FRANCIS MARION UNIVERSITY S 6556166 BOOK/ACCRUAL