2022-04-21T10:05:37-05:00 2021-06-30 420714325 RSM US LLP 7351 OFFICE PARK PLACE MELBOURNE FL 329408229 990 2020-07-01 596152180 THE FLORIDA STATE UNIVERSITY FOUNDATION INC FLOR 8506446000 325 W COLLEGE AVENUE TALLAHASSEE FL 32301 INTERIM CFOASST TREASURER INTERIM CFO/ASSISTANT TREASURER 8506440749 2022-04-20 1 INTERIM CFOASST TREASURER XXX-XX-XXXX JULIANA KREUL P01204534 3217516200 2022-04-20 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MICHAEL WILLIAMS 325 W COLLEGE AVENUE TALLAHASSEE FL 32301 140480311 0 X WWW.FOUNDATION.FSU.EDU X 1960 FL THE FLORIDA STATE UNIVERSITY FOUNDATION ENHANCES THE ACADEMIC MISSION AND VISION OF 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 PURPOSES AS PART OF FSU'S OVERALL ADVANCEMENT EFFORT, INVESTING AND EXPENDING FUNDS TO MEET CURRENT AND FUTURE NEEDS OF FSU, AND STRENGTHENING RELATIONSHIPS WITH DONORS TO FSU. 42 39 140 533 -347576 0 38352071 45415432 786103 486986 16968957 50866077 1263000 348411 57370131 97116906 30163782 27307896 0 0 12150174 12277351 406544 376180 9049849 25585831 29324894 68306331 69286321 -10936200 27830585 730089060 957483714 36048268 27252979 694040792 930230735 THE FLORIDA STATE UNIVERSITY FOUNDATION ENHANCES THE ACADEMIC MISSION AND VISION OF FLORIDA STATE UNIVERSITY THROUGH ITS ORGANIZED FUNDRAISING ACTIVITIES AND FUNDS MANAGEMENT. 0 0 34043017 27307896 734764 THE FLORIDA STATE UNIVERSITY FOUNDATION EXPENDS FUNDS FOR PURPOSES THAT ENHANCE THE ACADEMIC MISSION OF FLORIDA STATE UNIVERSITY. ACADEMIC SUPPORT INCLUDES SALARIES, SCHOLARSHIPS & FELLOWSHIPS, RESEARCH, CAPITAL FUNDING, EQUIPMENT & SUPPLIES, TRAVEL, AND OTHER 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. 34043017 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 X 12 0 1 140 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 42 39 1 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 FL AK CA CO KY LA ME MD MA MI MN NV NH NJ NY ND OH OK OR SC UT WA WV WI X X MICHAEL WILLIAMS 8506446000 325 W COLLEGE AVENUE TALLAHASSEE FL 32301 X THOMAS W JENNINGS PARTIAL YR TRUSTEE/PRESIDENT 12.00 40.00 X X 0 386951 36013 NANCY MCKAY TRUSTEE/CHAIR 1.00 10.00 X X 0 5000 0 CHRISTOPHER E IANSITI TRUSTEE/CHAIR ELECT, CHAIR, TRUSTEESHIP COMMITTEE 1.00 0.00 X X 0 0 0 CRAIG T LYNCH TRUSTEE/SECRETARY 1.00 0.00 X X 0 0 0 MICHAEL C POLAND TRUSTEE/TREASURER, CHAIR, FINANCE COMMITTEE 1.00 0.00 X X 0 0 0 DONNA M ABOOD TRUSTEE 1.00 0.00 X 0 0 0 FLORENCE H ASHBY TRUSTEE 1.00 0.00 X 0 0 0 KATHRYN E BALLARD PARTIAL YR TRUSTEE/EX OFFICIO V, FSU BOT 1.00 0.00 X 0 0 0 THOMAS BARTELMO TRUSTEE 1.00 0.00 X 0 0 0 YVONNE T BROWN TRUSTEE 1.00 0.00 X 0 0 0 KEITH D CARR TRUSTEE, CHAIR, AUDIT COMMITTEE 1.00 0.00 X 0 0 0 ERIC K CHICKEN TRUSTEE/EX OFFICIO V, FACULTY SENATE PRESIDENT 1.00 40.00 X 0 192124 39344 TIMOTHY A COLE TRUSTEE 1.00 0.00 X 0 0 0 CHARLES R COTTRELL TRUSTEE 1.00 0.00 X 0 0 0 MARK S ELLIS TRUSTEE 1.00 0.00 X 0 0 0 CAMERON FINK TRUSTEE/EX OFFICIO V, STUDENT FOUNDATION 1.00 0.00 X 0 0 0 ANDREA K FRIALL TRUSTEE, CHAIR, DONOR STEWARDSHIP COMMITTEE 1.00 0.00 X 0 0 0 JEFFREY D GARGIULO TRUSTEE 1.00 0.00 X 0 0 0 TIMOTHY S GUNNING TRUSTEE 1.00 0.00 X 0 0 0 FRANKLIN L HAGENBECK TRUSTEE 1.00 0.00 X 0 0 0 FRANK A HALL TRUSTEE 1.00 0.00 X 0 0 0 MARION J HARGETT TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL D HARTLINE TRUSTEE/EX OFFICIO V, CHAIR, DEANS DEV COMM 1.00 40.00 X 0 409414 38291 JUDITH HAYDEN TRUSTEE 1.00 0.00 X 0 0 0 MART P HILL TRUSTEE 1.00 0.00 X 0 0 0 NAN C HILLIS TRUSTEE, CHAIR, DEVELOPMENT COMMITTEE 1.00 0.00 X 0 0 0 WILLIAM T HOLD TRUSTEE 1.00 0.00 X 0 0 0 PAUL G HUDSON TRUSTEE 1.00 0.00 X 0 0 0 RUSSELL T KOHL TRUSTEE 1.00 0.00 X 0 0 0 DAVID B LANE TRUSTEE/IMMEDIATE PAST CHAIR 1.00 0.00 X 0 0 0 DIAHANN W LASSUS TRUSTEE 1.00 0.00 X 0 0 0 JOHN M LUSK TRUSTEE 1.00 0.00 X 0 0 0 ROBERT B MANG TRUSTEE 1.00 0.00 X 0 0 0 STEVEN J MUDDER TRUSTEE 1.00 0.00 X 0 0 0 FRANCIS J NARDOZZA TRUSTEE 1.00 0.00 X 0 0 0 SEAN PITTMAN TRUSTEE 1.00 0.00 X 0 0 0 ROBERT E RICE TRUSTEE 1.00 10.00 X 0 2357 0 KYLE D RIVA TRUSTEE 1.00 0.00 X 0 0 0 PAULA P SMITH TRUSTEE 1.00 0.00 X 0 0 0 LOUIS C TAORMINA TRUSTEE 1.00 0.00 X 0 0 0 JOHN W THIEL TRUSTEE/EX OFFICIO V, FSU BOT 1.00 0.00 X 0 0 0 JAMES G THOMPSON PARTIAL YR TRUSTEE/EX OFFICIO V, CHAIR, STUDENT FOUNDATION 1.00 0.00 X 0 0 0 JOHN E THRASHER TRUSTEE/EX OFFICIO V, FSU PRESIDENT 1.00 40.00 X 0 1263643 310024 ELIZABETH J WALTERS TRUSTEE 1.00 0.00 X 0 0 0 SCOTT D WARREN PARTIAL YR TRUSTEE 1.00 0.00 X 0 0 0 ASHBEL C WILLIAMS TRUSTEE, CHAIR, INVESTMENT COMMITTEE 1.00 0.00 X 0 0 0 ANDY A JHANJI INTERIM VP OF ADV & EXEC VP 40.00 10.00 X 0 305666 47938 HOLLY NEWELL CFO/ASSISTANT TREASURER 40.00 6.00 X 0 162556 40806 THOMAS W BLOCK VP ADV. RELATIONS/ASST SECRETARY 40.00 0.00 X 0 142118 37517 PERRY FULKERSON VP CENTRAL DEVELOPMENT 40.00 0.00 X 0 216496 40573 BRANDON MCCRAY ASSOC. VP CONSTITUENT PROGRAMS 40.00 0.00 X 0 173707 33497 MICHELLE MATTOX ASSOC. VP CENTRAL DEVELOPMENT 40.00 0.00 X 0 165968 22425 PAMELA SPENCER VP ADVANCEMENT SERVICES 40.00 0.00 X 0 149209 34156 NANCY B SMILOWITZ SR DIRECTOR OF DEVELOPMENT, COLLEGE OF ARTS AND SC 40.00 0.00 X 0 150206 22581 0 3725415 703165 17 0 1 0 CAMBRIDGE ASSOCIATES PO BOX 10317 UNIONDALE NY 115550317 INVESTMENT CONSULTING 1154435 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 503030718 FUNDRAISING SERVICES 459084 RSM US LLP 5155 PAYSPHERE CIRCLE CHICAGO IL 606740051 ACCOUNTING SERVICES 197517 BLACKBAUD INC PO BOX 930256 ATLANTA GA 311930256 SOFTWARE PROVIDER 175369 BANK OF NEW YORK PO BOX 11293 NEW YORK NY 102770411 BANKING SERVICES 168947 5 6850 9451172 1926204 34031206 1772508 45415432 REGISTRATION/ADMIN 900099 381789 381789 SPONSORSHIPS 900099 105197 105197 486986 7266302 -428796 7695098 98047 98047 86952481 43352706 43599775 43599775 80620 43519155 12685 6850 10699 1986 1986 MISCELLANEOUS 900099 248378 247778 600 248378 97116906 734764 -347576 51314286 27307896 27307896 737353 203613 533740 8494429 3004622 5489807 755129 285758 469371 1648982 597463 1051519 641458 232383 409075 87203 68874 18329 213236 35024 178212 118581 118581 376180 376180 20370721 190 20370531 2375681 2267230 19228 89223 823925 796760 1906 25259 1596254 1194550 138261 263443 274338 65557 206461 2320 152465 152465 969762 600954 349872 18936 178298 155589 67 22642 96166 85427 2196 8543 199183 199183 195765 89863 105902 BOOKS, JOURNALS & SUBS 710138 429444 89320 191374 CAMPUS & DONOR EVENTS 376222 330608 452 45162 MEMBERSHIP DUES & FEES 341888 284516 7260 50112 245068 59489 182436 3143 69286321 34043017 26193455 9049849 13722387 9845636 34943746 55479493 58698483 56261704 73419 40333 279742 250926 8374198 2954024 5619357 5420174 571346921 782700866 45405005 47484582 730089060 957483714 449924 1216119 955000 1280217 3152979 2904865 31490365 21851778 36048268 27252979 X 199464237 237123657 2466378 2515309 492110177 690591769 694040792 930230735 730089060 957483714 27830585 208359358 0 X X 0 1 X 1 0 X 41108276 46802286 56857526 38352071 45415432 228535591 41108276 46802286 56857526 38352071 45415432 228535591 1151460 227384131 5690444 5738329 8324817 4484451 7364349 31602390 600 600 2398983 2200920 2136433 1218307 260463 8215106 268353687 4315230 0.84730 0.66160 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER - 2016 AMOUNT: $ 2,348,896. 2017 AMOUNT: $ 2,143,322. 2018 AMOUNT: $ 2,086,005. 2019 AMOUNT: $ 1,164,463. 2020 AMOUNT: $ 247,778. GROSS INCOME FROM FUNDRAISING EVENTS - 2016 AMOUNT: $ 50,087. 2017 AMOUNT: $ 57,598. 2018 AMOUNT: $ 50,428. 2019 AMOUNT: $ 53,844. 2020 AMOUNT: $ 12,685. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 118581 0 0 118581 0 PART II-B, LINE 1: FEES OF $118,581 WERE PAID TO CONSULTANTS FOR SERVICES TO SUPPORT THE INTERESTS OF FLORIDA STATE UNIVERSITY; NO PAYMENTS WERE IN SUPPORT OF OR IN OPPOSITION TO ANY CANDIDATE FOR POLITICAL OFFICE. 489492453 17062452 208225102 5923468 10978286 7286484 690591769 499422801 17106296 -4670609 5362634 9873845 7129556 489492453 490032438 14340306 18162684 5264696 10974872 6873059 499422801 466262833 10533296 37763452 5041974 11036325 8448844 490032438 428194012 12449948 50805872 5256742 10985292 8944965 466262833 0.03400 0.68180 0.28420 0 0 1619876 1619876 4305164 636325 3668839 2449158 2317699 131459 5420174 MARKETABLE SECURITIES 12018438 F FIXED INCOME 62689089 F EQUITIES 379487738 F HEDGE FUNDS 79356886 F LIMITED PARTNERSHIPS 235143994 F REAL ASSETS 14004721 F 782700866 ANNUITY OBLIGATIONS 4540885 SPLIT-INTEREST AGREEMENTS FOR REMAINDER INTERESTS 4415760 TRUSTS HELD BY OTHERS 10317783 DUE TO RELATED ORGANIZATIONS 2577350 21851778 X 285116432 208359358 10699 208370057 76746375 20370531 20370531 97116906 48926489 10699 10699 48915790 20370531 20370531 69286321 PART V, LINE 4: SPENDING FROM THE FOUNDATION'S ENDOWMENTS SUPPORTS THE ACADEMIC ACTIVITIES OF THE UNIVERSITY INCLUDING SCHOLARSHIPS AND PROGRAMS. PART X, LINE 2: THE FOUNDATION IS A NON-PROFIT FLORIDA CORPORATION EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), WITH THE EXCEPTION OF ANY UNRELATED BUSINESS INCOME. THE FOUNDATION IS CLASSIFIED AS AN ORGANIZATION OPERATED FOR THE BENEFIT OF A COLLEGE OR UNIVERSITY OWNED OR OPERATED BY A GOVERNMENTAL UNIT DESCRIBED IN SECTION 170(B)(1)(A)(IV) AND IS REPORTED AS A DISCRETE COMPONENT UNIT OF THE UNIVERSITY IN ITS FINANCIAL STATEMENTS. THE FOUNDATION HAS REVIEWED ITS TAX STATUS AND RELATED FILINGS AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 10,699. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 10,699. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 77773482 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS N/A 18119896 0 0 0 0 0 0 95893378 0 95893378 1 0 1 1 1 0 PART III ACCOUNTING METHOD: X X 1 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 50303 PHONE SOLICITATION 0 231803 376180 -144377 231803 376180 -144377 AL AK AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MO MS NH NJ NM NC ND NV NY OH OK OR PA RI SC TN UT VA WA WV WI ALICIA CREW GOLF TOURNAMENT 14125 6825 7300 2910 2059 1137 JUSTIN SISSON 5K 5410 25 5385 3046 1547 19535 6850 12685 3046 2910 2059 2684 10699 1986 SCHEDULE G, PART II AS REPORTED ON SCHEDULE G, NET INCOME FOR FUNDRAISING EVENTS DOES NOT INCLUDE ANY CHARITABLE CONTRIBUTIONS FROM FUNDRAISING EVENTS. EXCLUDING CHARITABLE CONTRIBUTIONS, AS PER SCHEDULE G INSTRUCTIONS, CAN RESULT IN NEGATIVE INCOME FOR PURPOSES OF SCHEDULE G, PART II, LINE 11. FUNDRAISING EVENTS NOT ONLY SERVE TO RAISE MONEY BUT ALSO INCREASE DONOR AWARENESS WITH HOPE OF FUTURE CONTRIBUTIONS IN SUPPORT OF THE MISSION. 1 THE FLORIDA STATE UNIVERSITY 282 CHAMPION WAY UCA 2200 TALLAHASSEE FL 32306 591961248 501(C)3 27042248 SUPPORT SCHOLARSHIPS AND UNIVERSITY PROGRAMS THE FLORIDA STATE UNIVERSITY ALUMNI ASSOCIATION 1030 W TENNESSEE STREET TALLAHASSEE FL 32304 590705420 501(C)3 125000 SUPPORT FOR THE ALUMNI ASSOCIATION FSU REAL ESTATE FOUNDATION 200 WEST COLLEGE AVENUE TALLAHASSEE FL 32301 452337977 501(C)3 100000 SUPPORT FOR THE REAL ESTATE FOUNDATION FLORIDA PREPAID COLLEGE FOUNDATION PO BOX 31088 TAMPA FL 33631 593012202 501(C)3 40648 STUDENT SCHOLARSHIPS FOR ACADEMIC SUPPORT 4 0 PART I, LINE 2: THE UNIVERSITY OVERSEES THE GRANT PROCESS. UNIVERSITY PERSONNEL DETERMINE WHO WILL RECEIVE AWARDS AND HOW THEY ARE AWARDED BASED ON THE DONOR RESTRICTIONS OF EACH FUND. ONCE GRANT SELECTIONS ARE MADE, A PAYMENT REQUEST IS INITIATED AND APPROVED BY UNIVERSITY PERSONNEL. EACH GRANT IS THEN AUDITED BY FOUNDATION STAFF TO ENSURE THAT IT MEETS THE DONOR'S INTENT BEFORE PAYMENT IS MADE. THE UNIVERSITY KEEPS RECORDS OF THE DISBURSEMENTS MADE ON BEHALF OF THE FSU FOUNDATION THROUGH ITS SYSTEMS. X X X 1 1 0 0 0 0 0 0 0 0 0 JOHN E THRASHER TRUSTEE/EX OFFICIO V, FSU PRESIDENT 0 627042 0 500000 0 136601 0 275222 0 35044 0 1573909 0 0 MICHAEL D HARTLINE TRUSTEE/EX OFFICIO V, CHAIR, DEANS D 0 382352 0 1200 0 25862 0 25507 0 12827 0 447748 0 0 THOMAS W JENNINGS PARTIAL YR TRUSTEE/PRESIDENT 0 235087 0 64473 0 87391 0 20715 0 15417 0 423083 0 0 ANDY A JHANJI INTERIM VP OF ADV & EXEC VP 0 273416 0 1250 0 31000 0 25952 0 22136 0 353754 0 0 PERRY FULKERSON VP CENTRAL DEVELOPMENT 0 215246 0 1250 0 0 0 18903 0 21714 0 257113 0 0 ERIC K CHICKEN TRUSTEE/EX OFFICIO V, FACULTY SENATE 0 190924 0 1200 0 0 0 16849 0 22538 0 231511 0 0 BRANDON MCCRAY ASSOC. VP CONSTITUENT PROGRAMS 0 172457 0 1250 0 0 0 14914 0 18627 0 207248 0 0 HOLLY NEWELL CFO/ASSISTANT TREASURER 0 161306 0 1250 0 0 0 14484 0 26430 0 203470 0 0 MICHELLE MATTOX ASSOC. VP CENTRAL DEVELOPMENT 0 164718 0 1250 0 0 0 13809 0 8658 0 188435 0 0 PAMELA SPENCER VP ADVANCEMENT SERVICES 0 147959 0 1250 0 0 0 13016 0 21182 0 183407 0 0 THOMAS W BLOCK VP ADV. RELATIONS/ASST SECRETARY 0 140868 0 1250 0 0 0 12524 0 25036 0 179678 0 0 NANCY B SMILOWITZ SR DIRECTOR OF DEVELOPMENT, COLLEGE 0 148956 0 1250 0 0 0 12987 0 9637 0 172830 0 0 PART I, LINE 1A CHARTER AIRLINE TRAVEL IS PROVIDED FOR THE UNIVERSITY PRESIDENT AND OTHER SENIOR UNIVERSITY AND FOUNDATION STAFF TO BE ABLE TO TRAVEL WITH THE PRESIDENT OF THE UNIVERSITY ON ADMINISTRATIVE AND FUNDRAISING ACTIVITIES FOR FSU WHERE COMMERCIAL FLIGHTS ARE NOT AVAILABLE. THIS WAS NONTAXABLE TO THE UNIVERSITY PRESIDENT AS WELL AS OTHER SENIOR UNIVERSITY AND FOUNDATION STAFF. THE FOUNDATION PAYS TRAVEL EXPENSES FOR THE UNIVERSITY PRESIDENT'S SPOUSE WHO HAS A COURTESY APPOINTMENT WITH FSU AND ACTS AS AN OFFICIAL AMBASSADOR OF THE UNIVERSITY. THIS WAS NONTAXABLE TO THE UNIVERSITY PRESIDENT. THE UNIVERSITY'S EMPLOYMENT CONTRACT WITH THE VP FOR UNIVERSITY ADVANCEMENT/FOUNDATION PRESIDENT STIPULATES THAT THE FOUNDATION SHALL PAY THE TRAVEL EXPENSES FOR THE FOUNDATION PRESIDENT'S SPOUSE, WHO SERVES AS AN OFFICIAL AMBASSADOR FOR THE UNIVERSITY, TO ACCOMPANY THE FOUNDATION PRESIDENT ON BUSINESS TRIPS. THIS WAS NONTAXABLE TO THE FOUNDATION PRESIDENT. THE FOUNDATION PAID SOCIAL CLUB DUES, SPECIFICALLY FOR FUNDRAISING PURPOSES, FOR THE FOUNDATION'S PRESIDENT AND EXECUTIVE VICE PRESIDENT. THIS WAS NONTAXABLE TO THE FOUNDATION PRESIDENT AND EXECUTIVE VICE PRESIDENT. PART I, LINE 3 COMPENSATION FOR THE FOUNDATION PRESIDENT IS REVIEWED AND SET BY THE PRESIDENT OF FLORIDA STATE UNIVERSITY, OR HIS DESIGNEE, IN ACCORDANCE WITH THE UNIVERSITY'S POLICIES. THESE POLICIES REQUIRE THAT COMPARABLE DATA BE USED TO DETERMINE THAT MANAGEMENT IS COMPENSATED FAIRLY AND COMPETITIVELY WHEN COMPARED TO SIMILAR ROLES IN OTHER FOUNDATIONS NATIONALLY. SCHEDULE J, PART II EFFECTIVE DECEMBER 14, 2018, ALL EMPLOYEES OF THE FSU FOUNDATION TRANSITIONED TO EMPLOYEES OF FLORIDA STATE UNIVERSITY, A RELATED ORGANIZATION. DURING THE CALENDAR YEAR ENDED 2020, THE FOLLOWING LISTED PERSONS FROM 990 PT. VII WERE EMPLOYEES OF FLORIDA STATE UNIVERSITY, A RELATED ORGANIZATION. EMPLOYEE TITLE HOLLY NEWELL CFO/ASSISTANT TREASURER THOMAS W. JENNINGS FOUNDATION PRESIDENT ERIC K. CHICKEN TRUSTEE/EX OFFICIO V, FACULTY SENATE PRESIDENT THOMAS BLOCK VP ADV. RELATIONS/ASST. SECRETARY MICHAEL D. HARTLINE TRUSTEE/EX OFFICIO V, CHAIR, DEANS DEV. COMM. JOHN E. THRASHER TRUSTEE/EX OFFICIO V, FSU PRESIDENT ANDY A. JHANJI INTERIM VP OF UNIVERSITY ADVANCEMENT AND EXECUTIVE VP PERRY FULKERSON VP CENTRAL DEVELOPMENT BRANDON MCCRAY ASSOC. VP CONSTITUENT PROGRAMS MICHELLE MATTOX ASSOC. VP CENTRAL DEVELOPMENT PAMELA SPENCER VP ADVANCEMENT SERVICES NANCY B. SMILOWITZ SR DIRECTOR OF DEVELOPMENT, COLLEGE OF ARTS AND SCIENCES COMPENSATION FROM FLORIDA STATE UNIVERSITY IS REPORTED ON 990 PT. VII, SECTION A, AND ON SCHEDULE J PT. II. COMPENSATION FROM FLORIDA STATE UNIVERSITY FOR THOMAS W. JENNINGS, JOHN E. THRASHER, ERIK K. CHICKEN, DR. MICHAEL D. HARTLINE, NANCY MCKAY, AND ROBERT E. RICE IS FOR THEIR RESPONSIBILITIES AS EMPLOYEES OF THE UNIVERSITY, A RELATED ORGANIZATION, AND NOT FOR THEIR ROLE AS TRUSTEES OF THE FSU FOUNDATION. THOMAS W. JENNINGS HELD THE TITLE OF VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT AT FLORIDA STATE UNIVERSITY, IN THIS ROLE, HE OVERSAW THE ACTIVITIES OF THREE DIRECT SUPPORT ORGANIZATIONS OF THE UNIVERSITY, INCLUDING THE ACTIVITIES OF THE FSU FOUNDATION. THE OTHER TWO DIRECT SUPPORT ORGANIZATIONS ARE RELATED ORGANIZATIONS OF THE FSU FOUNDATION. HOLLY NEWELL, CPA IS THE CHIEF FINANCIAL OFFICER AND ASSISTANT TREASURER FOR THE FOUNDATION. SHE IS ALSO THE TREASURER OF THE FSU REAL ESTATE FOUNDATION. IN THIS ROLE, SHE OVERSEES THE ACCOUNTING OF THE ORGANIZATION, A RELATED ORGANIZATION OF THE FSU FOUNDATION. X 3 APPRAISAL X 1 250 PUBLISHED VALUE X 53 1772258 SALE OF COMPARABLES 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF UNIQUE CONTRIBUTIONS RECEIVED. PART I, LINE 33: THE FOUNDATION HAS ELECTED TO EXERCISE THE OPTION OF NOT CAPITALIZING ITEMS THAT MEET THE DEFINITION OF "COLLECTIONS" AS PRESCRIBED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. ALL DONATIONS OF COLLECTIONS ARE TRANSFERRED TO THE UNIVERSITY AT THE TIME OF THE GIFT. THE FOUNDATION RECEIVED DONATIONS OF PAINTINGS, SCULPTURES, PHOTOGRAPHS, MEMORABILIA AND SIMILAR ITEMS WITH A VALUE OF $13,175 AND $4,698,919 FOR THE YEARS ENDED JUNE 30, 2021 AND 2020, RESPECTIVELY. FORM 990, PART I, LINE 5 AND PART V, LINES 2A AND 2B: EFFECTIVE DECEMBER 14, 2018, ALL EMPLOYEES OF THE FSU FOUNDATION TRANSITIONED TO EMPLOYEES OF FLORIDA STATE UNIVERSITY, A RELATED ORGANIZATION. DURING CALENDAR YEAR 2020 THERE WERE 140 EMPLOYEES PRIMARILY DEDICATED TO WORKING FOR THE FSU FOUNDATION. FORM 990, PART V, LINE 1A: EFFECTIVE JULY 1, 2018, ALL DEPARTMENTAL EXPENDITURES FROM FOUNDATION FUNDS ARE PROCESSED AND PAID THROUGH THE FLORIDA STATE UNIVERSITY OMNI SYSTEM AND THE UNIVERSITY IS RESPONSIBLE FOR FILING REQUIREMENTS. THE NUMBER REPORTED REPRESENTS EXPENDITURES SPECIFIC TO FSU FOUNDATION OPERATIONS. FORM 990, PART VI SECTION A, LINE 1A: THE EXECUTIVE COMMITTEE SHALL EXERCISE THE POWERS AND AUTHORITY OF THE BOARD WHEN THE BOARD IS NOT IN SESSION. THE COMMITTEE SHALL INCLUDE THE CHAIR, PAST CHAIR, FOUNDATION PRESIDENT, TREASURER, SECRETARY, THE UNIVERSITY PRESIDENT OR DESIGNEE, THE CHAIR OF THE UNIVERSITY BOARD OF TRUSTEES OR DESIGNEE, THE PRESIDENT OF THE UNIVERSITY FACULTY SENATE, AND THE CHAIR OF EACH STANDING COMMITTEE. THE COMMITTEE SHALL CONSIDER, EVALUATE AND ANALYZE ISSUES THAT HAVE IMPLICATIONS FOR CHANGES TO THE BOARD AND MAKE RECOMMENDATIONS OF APPROPRIATE ACTION TO THE BOARD. IF THE COMMITTEE MEETS TO EXERCISE THE POWERS AND AUTHORITY OF THE BOARD WHEN THE BOARD IS NOT IN SESSION, THE COMMITTEE SHALL HAVE NO AUTHORITY TO ALTER, AMEND OR REPEAL THE ARTICLES OF INCORPORATION OR BYLAWS OR TO ELECT TRUSTEES. FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING TRUSTEES HAD A FAMILY RELATIONSHIP DURING THE TIME PERIOD COVERED BY THIS TAX FILING PERIOD: LOUIS C. TAORMINA AND MARION J. HARGETT FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS A TRUSTEESHIP AND ENGAGEMENT COMMITTEE WHICH IS CHARGED WITH DETERMINING THE SLATE OF OFFICERS AND RECOMMENDING CANDIDATES FOR ELECTION AS REGULAR TRUSTEES TO THE UNIVERSITY PRESIDENT AND THE BOARD. REGULAR TRUSTEES HAVE VOTING PRIVILEGES AND ARE ELECTED BY MAJORITY VOTE OF THE VOTING TRUSTEES AFTER RECOMMENDATION BY THE TRUSTEESHIP AND ENGAGEMENT COMMITTEE AND CONSULTATION WITH THE UNIVERSITY PRESIDENT. PER THE FLORIDA EXCELLENCE IN HIGHER EDUCATION ACT OF 2018, SIGNED INTO LAW ON MARCH 11, 2018, THE UNIVERSITY BOARD OF TRUSTEES SHALL APPROVE BOARD APPOINTMENTS, OTHER THAN THOSE MEMBERS APPOINTED BY THE TRUSTEE CHAIR OR PRESIDENT, TO THE FLORIDA STATE UNIVERSITY FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7B PER THE FLORIDA EXCELLENCE IN HIGHER EDUCATION ACT OF 2018, SIGNED INTO LAW ON MARCH 11, 2018, THE UNIVERSITY BOARD OF TRUSTEES SHALL APPROVE BOARD APPOINTMENTS, OTHER THAN THOSE MEMBERS APPOINTED BY THE TRUSTEE CHAIR OR PRESIDENT, TO THE FLORIDA STATE UNIVERSITY FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B 1) THE CFO REVIEWS FORMS 990 AND 990-T WITH THE EXECUTIVE VICE PRESIDENT AND RESOLVES ANY ISSUES OR QUESTIONS WITH THE INDEPENDENT ACCOUNTING FIRM THAT PREPARES THE FORMS. IT IS THE CFO AND EXECUTIVE VICE PRESIDENT'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 DELEGATED TO THE AUDIT COMMITTEE THE RESPONSIBILITY FOR THE FINAL REVIEW OF THE DRAFT FORMS 990 AND 990-T. 3) ONCE THE AUDIT COMMITTEE REVIEW IS COMPLETE, THE 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. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY ALL TRUSTEES ARE ASKED TO COMPLETE 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. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR MANAGEMENT IS REVIEWED AND SET BY THE PRESIDENT OF THE UNIVERSITY, OR HIS DESIGNEE, IN ACCORDANCE WITH THE UNIVERSITY'S POLICIES. THESE POLICIES REQUIRE THAT COMPARABLE DATA BE USED TO DETERMINE THAT MANAGEMENT IS COMPENSATED FAIRLY AND COMPETITIVELY WHEN COMPARED TO SIMILAR ROLES IN OTHER FOUNDATIONS NATIONALLY. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE FOUNDATION'S FINANCIAL STATEMENTS, FORM 990 AND 990-T ARE AVAILABLE ON THE FOUNDATION'S WEBSITE AND UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH BY IRC SECTION 6104(D). FORM 990, PART VII, SECTION A, LINE 1, COLUMN E: BOARD MEMBER JOHN E. THRASHER IS AN EMPLOYEE OF FLORIDA STATE UNIVERSITY, A RELATED ORGANIZATION. FLORIDA STATE UNIVERSITY HAS DUAL STATUS AS A STATE UNIVERSITY AND EXEMPT 501(C)(3) ORGANIZATION, AND IS CONSIDERED TO BE AN APPLICABLE TAX-EXEMPT ORGANIZATION UNDER SECTION 4960 BECAUSE OF THEIR DUAL STATUS. FLORIDA STATE UNIVERSITY IS RESPONSIBLE FOR TRACKING COVERED EMPLOYEES UNDER SECTION 4960 AND PAYING ANY APPLICABLE TAX. FORM 990, PART VII, SECTION A, LINE 2: EFFECTIVE DECEMBER 14, 2018, ALL EMPLOYEES OF THE FSU FOUNDATION TRANSITIONED TO EMPLOYEES OF FLORIDA STATE UNIVERSITY, A RELATED ORGANIZATION. DURING CALENDAR YEAR 2020 THERE WERE 17 EMPLOYEES PRIMARILY DEDICATED TO WORKING FOR THE FSU FOUNDATION WHO RECEIVED MORE THAN $100,000 OF REPORTABLE COMPENSATION. FORM 990, PART VII, SECTION A, COLUMN A: DURING THE FISCAL YEAR, PRESIDENT THOMAS W. JENNINGS LEFT THE ORGANIZATION. EXECUTIVE VP, ANDY A. JHANJI IS SERVING AS INTERIM VICE PRESIDENT OF UNIVERSITY ADVANCEMENT AT THIS TIME THIS RETURN WAS FILED. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE TO THE PROCESS FROM THE PRIOR YEAR. FLORIDA STATE UNIVERSITY 282 CHAMPION WAY UCA 2200 TALLAHASSEE FL 32306 591961248 EDUCATION FL 501(C)(3) LINE 2 0 FLORIDA STATE UNIVERSITY ALUMNI ASSOCIATION INC 1030 W TENNESSEE STREET TALLAHASSEE FL 32304 590705420 DIRECT SUPPORT ORGANIZATION FL 501(C)(3) LINE 7 FLORIDA STATE UNIVERSITY 0 FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION INC 200 W COLLEGE AVENUE TALLAHASSEE FL 32301 452337977 DIRECT SUPPORT ORGANIZATION FL 501(C)(3) LINE 12A, I FLORIDA STATE UNIVERSITY 0 FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC 2000 LEVY AVENUE BUIDLING A SUITE 3 TALLAHASSEE FL 32310 593211153 DIRECT SUPPORT ORGANIZATION FL 501(C)(3) LINE 12A, I FLORIDA STATE UNIVERSITY 0 SEMINOLE BOOSTERS INC PO BOX 1353 TALLAHASSEE FL 323021353 591561180 DIRECT SUPPORT ORGANIZATION FL 501(C)(3) LINE 7 FLORIDA STATE UNIVERSITY 0 FLORIDA STATE UNIVERSITY INTERNATIONAL PROGRAMS ASSOC INC PO BOX 3062420 TALLAHASSEE FL 323062420 593153341 DIRECT SUPPORT ORGANIZATION FL 501(C)(3) LINE 12A, I FLORIDA STATE UNIVERSITY 0 FLORIDA STATE UNIVERSITY SCHOOLS INC 3000 SCHOOL HOUSE ROAD TALLAHASSEE FL 32311 593726188 DEVELOPMENT RESEARCH SCHOOL FL 501(C)(3) LINE 2 FLORIDA STATE UNIVERSITY 0 THE JOHN & MABLE RINGLING MUSEUM OF ART FOUNDATION INC 5401 BAY SHORE ROAD SARASOTA FL 34243 596214423 DIRECT SUPPORT ORGANIZATION FL 501(C)(3) LINE 12A, I FLORIDA STATE UNIVERSITY 0 FLORIDA MEDICAL PRACTICE PLAN INC 1115 WEST CALL STREET TALLAHASSEE FL 323064300 571234883 FACULTY MEDICAL PRACTICE PLAN FL 501(C)(3) LINE 12A, I FLORIDA STATE UNIVERSITY 0 FLORIDA STATE UNIVERSITY MAGNET RESEARCH AND DEVELOPMENT INC 109 WESTCOTT BUILDING TALLAHASSEE FL 323061330 134356799 DIRECT SUPPORT ORGANIZATION FL 501(C)(3) LINE 12A, I FLORIDA STATE UNIVERSITY 0 FSU COLLEGE OF BUSINESS STUDENT INVESTMENT FUND FSU 821 ACADEMIC WAY 509RBA TALLAHASSEE FL 323061110 264028305 DIRECT SUPPORT ORGANIZATION FL 501(C)(3) LINE 5 FLORIDA STATE UNIVERSITY 0 FLORIDA STATE UNIVERSITY ATHLETICS ASSOCIATION INC 403 STADIUM DRIVE WEST TALLAHASSEE FL 32306 813227626 DIRECT SUPPORT ORGANIZATION FL 501(C)(3) LINE 12A, I FLORIDA STATE UNIVERSITY 0 0 1 1 1 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1