2022-04-25T14:14:51-05:00 2021-06-30 593204548 JAMES MOORE & CO PL 5931 NW 1ST PL GAINESVILLE FL 326072063 990 2020-07-01 237047106 FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION INC FLOR 3053483758 11200 SW 8TH ST MARC 531 MIAMI FL 331992516 HUMBERTO CABANAS CHAIRPERSON 3053483758 2022-05-15 1 HUMBERTO CABANAS 999009999 KEN KURDZIEL P00060407 3523781331 2022-04-25 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z HUMBERTO CABANAS 11200 SW 8TH STREET MIAMI FL 33199 495271112 0 X HTTPS://GIVE.FIU.EDU/BUSINESS-GOVERNANCE/ X 1969 FL TO ENCOURAGE, SOLICIT, RECEIVE AND ADMINISTER GIFTS AND BEQUESTS OF PROPERTY AND FUNDS FOR SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES FOR FIU AND ITS OBJECTIVES. 45 42 0 0 -359374 0 34204109 96274799 0 0 11167709 57883109 -628974 447969 44742844 154605877 27141390 25736723 0 0 0 0 100277 0 9528255 7558146 17243060 34799813 42979783 9943031 111626094 346373305 475743772 16380370 5440096 329992935 470303676 X TO ENCOURAGE, SOLICIT, RECEIVE AND ADMINISTER GIFTS AND BEQUESTS OF PROPERTY AND FUNDS FOR SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES, ALL FOR THE ADVANCEMENT OF FLORIDA INTERNATIONAL UNIVERSITY AND ITS OBJECTIVES (SEE SCHEDULE O FOR CONTINUATION). THE ORGANIZATION IS GOVERNED BY A BOARD OF DIRECTORS, WHOSE MEMBERS PLAY A SIGNIFICANT ROLE IN THE DEVELOPMENT OF THE UNIVERSITY AS A MAJOR EDUCATIONAL, CULTURAL AND ECONOMIC RESOURCE. THROUGH THE INVOLVEMENT OF THE DIRECTORS AND THEIR CONTRIBUTION OF TIME, LEADERSHIP AND FINANCIAL RESOURCES, THE MISSION OF THE UNIVERSITY IS ADVANCED. 0 0 26919711 25736723 29749 THE FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION ACCEPTS CHARITABLE DONATIONS TO SUPPORT FLORIDA INTERNATIONAL UNIVERSITY IN ITS GOAL TO BE A LEADING URBAN PUBLIC RESEARCH UNIVERSITY FOCUSED ON STUDENT LEARNING, INNOVATION, AND COLLABORATION. THE FOUNDATION SUPPORTS THE UNIVERSITY'S MISSION BY PROVIDING FUNDS TO SUPPORT A DIVERSE STUDENT POPULATION, EXCEPTIONAL FACULTY, CUTTING EDGE RESEARCH, MODERN FACILITIES, AND COLLABORATIVE ENGAGEMENT WITH OUR LOCAL AND GLOBAL COMMUNITIES. 26919711 1 1 0 1 0 0 0 0 1 1 1 1 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 62 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 45 42 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 AK CA CO FL KY MA MD ME MN ND NH NJ NV NY OH OK OR PA SC UT WA WI WV X ADRIANNE PERDOMO 3053483758 11200 SW 8TH STREET - MARC 530 MIAMI FL 33199 RICHARD BRILLIANT IMMEDIATE PAST CHAIRPERSON 1.00 X X 0 0 0 ADALIO T SANCHEZ VICE CHAIRPERSON 1.00 X X 0 0 0 JILL M GRANAT SECRETARY 1.00 X X 0 0 0 AGUSTIN R ARELLANO SR DIRECTOR 1.00 X 0 0 0 STEVEN M BERWICK CHAIR, AUDIT SUB-COM 1.00 X 0 0 0 HUMBERTO CABANAS CHAIRPERSON 1.00 X X 0 0 0 JOHN M BUSSEL DIRECTOR 1.00 X 0 0 0 JUAN R FIGUEREO DIRECTOR 1.00 X 0 0 0 KENNETH G FURTON EX-OFFICIO 1.00 40.00 X 0 485305 46617 FRANCISCO GONZALEZ CO-CHAIR, ATHLETICS SUB-CO 1.00 X 0 0 0 ALBERTO LORENZO DIRECTOR 1.00 X 0 0 0 JUAN J MARTINEZ CHAIR, INVESTMENT SUB-COM 1.00 X 0 0 0 ESTHER L MORENO DIRECTOR 1.00 X 0 0 0 JONATHAN E PERLMAN DIRECTOR 1.00 X 0 0 0 WASIM J SHOMAR DIRECTOR 1.00 X 0 0 0 ELLIOT N STONE CHAIR, REAL ESTATE SUB-COM 1.00 X 0 0 0 ALBERT R TANO CHAIR, MEMBERSHIP & BOARD MGMT. 1.00 X 0 0 0 ANDRE L TEIXEIRA TREASURER 1.00 X X 0 0 0 JORGE R VILLACAMPA DIRECTOR 1.00 X 0 0 0 STEWART L APPELROUTH DIRECTOR 1.00 X 0 0 0 TRISH AND DAN BELL DIRECTOR 1.00 X 0 0 0 MICHAEL A KAPPITT CHAIR, CAMPAIGN & MARKETIN 1.00 X 0 0 0 IRA D GILLER DIRECTOR 1.00 X 0 0 0 JEFFREY L HORSTMYER DIRECTOR 1.00 X 0 0 0 ROBERT M NAMOFF DIRECTOR 1.00 X 0 0 0 GERALD C GRANT JR DIRECTOR 1.00 X 0 0 0 CRISTINA DI MAURO DIRECTOR 1.00 X 0 0 0 YOLANGEL HERNANDEZ SUAREZ DIRECTOR 1.00 X 0 387931 31198 FRANCISCO LOPEZ JR DIRECTOR 1.00 X 0 0 0 MARCEL L NAVARRO DIRECTOR 1.00 X 0 0 0 JASON A SALTZMAN DIRECTOR 1.00 X 0 0 0 CANDIDO VIYELLA DIRECTOR 1.00 X 0 0 0 MICHAEL A HERNANDEZ EX-OFFICIO 1.00 X 0 0 0 T GENE PRESCOTT CHAIR, GOVN'T RELATIONS 1.00 X 0 0 0 NOEL J GUILLAMA-ALVAREZ CHAIR, CAMPAIGN BUDGET TAS 1.00 X 0 0 0 CHAD MOSES CHAIR, ATHLETICS SUB-CO 1.00 X 0 0 0 CARMEL J BARRAU DIRECTOR 1.00 X 0 0 0 CARLOS A SABATER DIRECTOR 1.00 X 0 0 0 PETER P KOLTIS EX-OFFICIO 1.00 X 0 0 0 DEANNE BUTCHEY EX-OFFICIO 1.00 X 0 277406 35858 LATESSA DOTSON HALL DIRECTOR 1.00 X 0 0 0 WALTER B GONZALEZ JR DIRECTOR 1.00 X 0 0 0 FRANCIS A HONDAL DIRECTOR 1.00 X 0 0 0 RICHARD P TONKINSON DIRECTOR 1.00 X 0 0 0 ALEXANDRA IBARRIA DIRECTOR 1.00 X 0 0 0 HOWARD R LIPMAN CEO 40.00 X 0 451175 46122 MILAGROS GARCIA-CHICA ASST TREASURER 40.00 X 0 157440 32058 ADRIANNE PERDOMO CONTROLLER 40.00 X 0 109251 18678 MELISSA HERNANDEZ CAO 40.00 X 0 180201 24018 0 2048709 234549 0 0 1 0 CAMBRIDGE ASSOCIATES LLC 4100 N FAIRFAX DRIVE SUITE 1300 ARLINGTON VA 22203 INVESTMENT OFFICER 442705 JPMORGAN CHASE 270 PARK AVENUE NEW YORK NY 10017 INVESTMENT OFFICER & CUSTODIAN 264800 CAPITAL CITY CONSULTING LLC 124 W JEFFERSON STREET TALLAHASSEE FL 32301 LOBBYING 145000 THE CONCORD ADVISORY GROUP LTD ONE ORLANDO CENTRE 1675 800 N MA ORLANDO FL 32803 INVESTMENT MANAGER CONSULTANT 101500 4 365503 10148 9700747 86198401 3525970 96274799 2144982 -359374 2504356 53851 53851 2088485 1721534 366951 366951 366951 394677866 338939739 55738127 55738127 55738127 1380 10148 3962 -2582 -2582 MISCELLANEOUS 900099 27810 27810 MUSEUM STORE REVENUE 453000 1083 1083 PROGRAM REVENUE 900099 856 856 29749 154605877 29749 -359374 58660703 25736723 25736723 81500 81500 361430 361430 809005 809005 48451 43438 5013 411898 411898 CAPITAL CAMPAIGN 5001933 1382265 3619668 ADVANCEMENT OPERATIONS 3963941 3303523 660418 FUNDRAISING & STEWARDSH 3840953 3840953 FIU ALUMNI ASSOCIATION 828568 828568 1895381 778120 538613 578648 42979783 26919711 6531817 9528255 28298651 21393802 19751852 25974582 77584 78890 25259222 9058178 16910606 16201044 37902235 155970071 242887221 255359329 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222945763 6978900 22209081 11538245 240595499 0.69200 0.30800 0 0 1411550 1411550 22710073 8335165 14374908 1137599 723013 414586 16201044 INTERNATIONAL EQUITY SECURITY 97796405 F CORPORATE BONDS 71738205 F LIMITED PARTNERSHIPS 85824719 F 255359329 DUE TO FLORIDA INTERNATIONAL UNIVERSITY 3148622 ANNUITY OBLIGATIONS 637677 3786299 X 184801801 30222792 -969234 29253558 155548243 809005 -1751371 -942366 154605877 43837711 1666933 1666933 42170778 809005 809005 42979783 PART IV, LINE 2B: THE FOUNDATION HOLDS FUNDS DEPOSITED FOR DISBURSEMENT PROCESSING ON BEHALF OF A FAMILY FOUNDATION IN THE AMOUNT OF $15,631. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF DONATIONS RECEIVED BY THE FOUNDATION IN WHICH THE DONOR HAS FORMALLY INDICATED THAT THE FUNDS MUST BE HELD AND INVESTED IN PERPETUITY. EARNINGS DERIVED FROM THE INVESTED ENDOWED FUNDS ARE AVAILABLE FOR SPENDING BASED ON THE DONOR'S EXPLICIT INTENT. PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINIATION BY TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF JUNE 30, 2021 AND 2020, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSES NETTED WITH CONTRIBUTIONS ON FS -969,234. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON 990 PART VIII -1,721,534. REVENUE FROM RELATED ORGANIZATION (REPORTED ON CONSOLIDATED FS) -25,875. SPECIAL EVENT EXPENSES REPORTED ON 990 PART VIII -3,962. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM RELATED ORGANIZATION (REPORTED ON CONSOLIDATED FS) 25,437. RENTAL EXPENSES REPORTED ON 990 PART VIII 1,721,534. CHANGE IN ANNUITY VALUE -84,000. SPECIAL EVENT EXPENSES REPORTED ON 990 PART VIII 3,962. FORM 990, SCHEDULE D, PART V, COLUMN (A), LINE 1A CHANGE IN ACCOUNTING PRINCIPLES: ON MARCH 11, 2018, SENATE BILL 4 WAS SIGNED INTO LAW AND BECAME EFFECTIVE IMMEDIATELY AS CHAPTER 2018-004, LAWS OF FLORIDA. SEVERAL CHANGES WERE MADE TO SECTION 1004.28, FLORIDA STATUTES, WHICH ADDRESSES DSOS OF UNIVERSITIES WITHIN THE STATE UNIVERSITY SYSTEM OF FLORIDA. THE LAW NOW REQUIRES ALL UNIVERSITY DSOS TO REPORT IN ACCORDANCE WITH THE ACCOUNTING FRAMEWORK PRESCRIBED BY THE GOVERNMENTAL ACCOUNTING STANDARDS BOARD (GASB) FOR THE FISCAL YEAR ENDING JUNE 30, 2019. PREVIOUSLY, THE ORGANIZATION REPORTED IN ACCORDANCE WITH THE ACCOUNTING FRAMEWORK PRESCRIBED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB). THE ORGANIZATIONS BEGINNING ENDOWMENT BALANCE AS OF JULY 1, 2018 UNDER FASB WAS $251,336,606. THE CHANGE IN ACCOUNTING PRINCIPLE RESULTED IN A RESTATED GASB BALANCE OF $209,236,634. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, INVESTMENTS N/A 59286916 0 0 0 0 0 0 59286916 0 59286916 1 0 1 1 1 0 PART III ACCOUNTING METHOD: 1 HERBERT WERTHEIM COLLEGE OF MEDICINE 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 3971304 UNIVERSITY/STUDENT ASSISTANCE COLLEGE OF BUSINESS ADMINISTRATION 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 1594308 UNIVERSITY/STUDENT ASSISTANCE WOLFSONIAN MUSEUM 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 727863 UNIVERSITY/STUDENT ASSISTANCE COLLEGE OF ARTS SCIENCES & EDUCATION 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 2375970 UNIVERSITY/STUDENT ASSISTANCE UNIVERSITY BUILDING PROGRAM 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 1438048 UNIVERSITY/STUDENT ASSISTANCE ATHLETICS FUND - GOLDEN PANTHERS 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 1604756 UNIVERSITY/STUDENT ASSISTANCE UNIVERSITY WIDE SCHOLARSHIPS & PROGRAMS 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 1218572 UNIVERSITY/STUDENT ASSISTANCE CHAPLIN SCHOOL OF HOSPITALITY & TOURISM MANAGEMENT 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 1832538 UNIVERSITY/STUDENT ASSISTANCE COLLEGE OF ENGINEERING & COMPUTING 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 1480050 UNIVERSITY/STUDENT ASSISTANCE NICOLE WERTHEIM COLLEGE OF NURSING & HEALTH SCIENCES 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 1130518 UNIVERSITY/STUDENT ASSISTANCE FROST ART MUSEUM 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 147169 UNIVERSITY/STUDENT ASSISTANCE COLLEGE OF COMMUNICATION ARCHITECTURE & THE ARTS 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 1433111 UNIVERSITY/STUDENT ASSISTANCE COLLEGE OF LAW 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 343828 UNIVERSITY/STUDENT ASSISTANCE OFFICE OF ENGAGEMENT 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 423327 UNIVERSITY/STUDENT ASSISTANCE ROBERT STEMPEL SCHOOL OF PUBLIC HEALTH & SOCIAL WORK 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 1077506 UNIVERSITY/STUDENT ASSISTANCE ACADEMIC AFFAIRS 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 2179109 UNIVERSITY/STUDENT ASSISTANCE SCHOOL OF COMPUTING & INFORMATION 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 416029 UNIVERSITY/STUDENT ASSISTANCE HONORS COLLEGE 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 194312 UNIVERSITY/STUDENT ASSISTANCE FIU LIBRARIES 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 27010 UNIVERSITY/STUDENT ASSISTANCE STUDENT AFFAIRS 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 251880 UNIVERSITY/STUDENT ASSISTANCE EXTERNAL RELATIONS 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 637 UNIVERSITY/STUDENT ASSISTANCE UNIVERSITY ADVANCEMENT 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 10042 UNIVERSITY/STUDENT ASSISTANCE HUMAN RESOURCES 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 5641 UNIVERSITY/STUDENT ASSISTANCE DIVISION OF RESEARCH 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 781772 UNIVERSITY/STUDENT ASSISTANCE STEVEN J GREEN SCHOOL OF INTERNATIONAL & PUBLIC AFFAIRS 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 693121 UNIVERSITY/STUDENT ASSISTANCE STUDENT ACCESS & SUCCESS 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 249273 UNIVERSITY/STUDENT ASSISTANCE GOVERNMENT RELATIONS 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 10811 UNIVERSITY/STUDENT ASSISTANCE PRESIDENT'S OFFICE 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 8750 UNIVERSITY/STUDENT ASSISTANCE FIU ALUMNI ASSOCIATION 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 42851 UNIVERSITY/STUDENT ASSISTANCE INSURANCE 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 64117 UNIVERSITY/STUDENT ASSISTANCE UNIVERSITY COLLEGE 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 2500 UNIVERSITY/STUDENT ASSISTANCE 31 PART I, LINE 2: ALL GRANT FUNDS ARE REVIEWED FOR COMPLIANCE WITH DONOR INTENT AND DISBURSED OR TRANSFERRED IN SUPPORT OF FLORIDA INTERNATIONAL UNIVERSITY. X 1 1 0 0 0 0 0 0 0 0 0 KENNETH G FURTON EX-OFFICIO 0 485305 0 0 0 0 0 37152 0 9465 0 531922 0 0 HOWARD R LIPMAN CEO 0 451175 0 0 0 0 0 25526 0 20596 0 497297 0 0 YOLANGEL HERNANDEZ SUAREZ DIRECTOR 0 387931 0 0 0 0 0 31155 0 43 0 419129 0 0 DEANNE BUTCHEY EX-OFFICIO 0 277406 0 0 0 0 0 17231 0 18627 0 313264 0 0 MELISSA HERNANDEZ CAO 0 180201 0 0 0 0 0 15360 0 8658 0 204219 0 0 MILAGROS GARCIA-CHICA ASST TREASURER 0 157440 0 0 0 0 0 13431 0 18627 0 189498 0 0 PART I, LINE 1A EVERY EFFORT IS MADE TO OBTAIN THE MOST REASONABLE AIR FARE RATES. THE FOUNDATION WILL REIMBURSE CARRIER EXPENSES FOR COACH. BUSINESS CLASS TRAVEL OR ONE UPGRADE MAY BE REIMBURSED FOR THE UNIVERSITY PRESIDENT, VICE-PRESIDENT, AND DEANS ONLY IF THE TRAVEL TIME EXCEEDS 4 HOURS. IF ANY OTHER EMPLOYEE WISHES TO FLY BUSINESS CLASS FOR AN INTERNATIONAL TICKET EXCEEDING 4 HOURS, APPROVAL IS REQUIRED PRIOR TO TICKET PURCHASE FROM VICE-PRESIDENT. IF BUSINESS CLASS IS AVAILABLE, FIRST CLASS TRAVEL IS NOT REIMBURSABLE THROUGH THE FOUNDATION. PART I, LINE 3 THE ORGANIZATION DOES NOT HAVE ANY PAID EMPLOYEES. HOWEVER, THE ORGANIZATION'S BOARD APPROVES THE BUDGET WHICH INCLUDES THE REIMBURSEMENT FOR A PORTION OF THE CEO'S SALARY. X 19 3525970 FMV 0 1 1 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. PART I, LINE 32B: THE FIU FOUNDATION HAS A GIFT CLEARING ACCOUNT AT JP MORGAN CHASE FOR THE ACCEPTANCE AND SALE OF GIFTS OF SECURITIES. FORM 990, PART VI, SECTION A, LINE 2 TRISH BELL, DIRECTOR, AND DAN BELL, DIRECTOR HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B AN INITIAL DRAFT IS REVIEWED BY THE ASSISTANT VICE-PRESIDENT AND THE CHAIR OF THE AUDIT SUBCOMMITTEE FOR ACCURACY BEFORE FORM 990 IS FILED. THE APPROVED DRAFT FORM 990, WITH SCHEDULE B DONOR INFORMATION REDACTED, IS SUBSEQUENTLY SENT TO ALL BOARD MEMBERS FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C EACH FOUNDATION BOARD AND COMMITTEE MEMBER HAS A CONTINUING OBLIGATION TO BE FAMILIAR WITH THE FLORIDA STATUTES REGARDING ETHICS AND CONFLICTS OF INTEREST AND THE TERMS OF THE POLICY; DISCLOSE TO THE FOUNDATION BOARD AND/OR COMMITTEE CHAIR ANY POSSIBLE PERSONAL, FAMILIAL OR BUSINESS RELATIONSHIPS THAT MIGHT REASONABLY GIVE RISE TO A CONFLICT INVOLVING THE FOUNDATION; AND ACKNOWLEDGE BY HIS OR HER EXECUTION OF THE "CONFLICT OF INTEREST DISCLOSURE FORM" THAT HE OR SHE IS IN COMPLIANCE WITH THE LETTER AND SPIRIT OF THIS POLICY AND APPLICABLE LAWS. BEGINNING EVERY FISCAL YEAR A FORM IS MAILED TO EVERY BOARD MEMBER FOR REVIEW AND UPDATE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT HAVE ANY EMPLOYESS AND DOES NOT PROVIDE ANY OFFICER, DIRECTOR, OR OTHER REPRESENTATIVE WITH ANY COMPENSATION. MEMBERS ARE COMPENSATED THROUGH FLORIDA INTERNATIONAL UNIVERSITY, A RELATED ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC ON THEIR WEBSITE AND UPON REQUEST. THE FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGES IN VALUE OF SPLIT-INTEREST -84,000. PROVISION FOR UNCOLLECTIBLE PROMISE -969,233. 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. DISCLOSURE OF ASSETS HELD ON BEHALF OF A RELATED ORGANIZATION: FLORIDA INTERNATIONAL UNIVERSITY, (THE UNIVERSITY; EIN: 65-0177616), A RELATED ORGANIZATION, TRANSFERRED INVESTMENT FUNDS TO THE ORGANIZATION THAT ARE BEING HELD AS A TERM ENDOWMENT ON BEHALF OF THE UNIVERSITY. IN ACCORDANCE WITH GASB 84, THESE ASSETS ARE NOT REFLECTED ON THE ORGANIZATION'S FINANCIAL STATEMENTS, RATHER, THEY ARE REPORTED WITHIN THE STATEMENT OF FIDUCIARY NET POSITION. AS A RESULT, THEY HAVE NOT BEEN INCLUDED ON FORM 990, BUT ARE BEING REPORTED IN THIS SUPPLEMENTARY DISCLOSURE. AS OF JUNE 30, 2021 THE FAIR VALUE OF THE TERM ENDOWMENT HELD FOR THE UNIVERSITY WAS $12,759,008. FOUNDATION ENTERPRISE HOLDINGS I LLC 11200 SW 8TH STREET MIAMI FL 33199 272586968 BENEFIT FOUNDATION FL 154183 1678329 N/A FOUNDATION ENTERPRISE HOLDINGS II LLC 11200 SW 8TH STREET MIAMI FL 33199 461339057 BENEFIT FOUNDATION FL 7256 2807357 N/A FOUNDATION ENTERPRISE HOLDINGS V LLC 11200 SW 8TH STREET MIAMI FL 33199 822481503 BENEFIT FOUNDATION FL 0 1411861 N/A FLORIDA INTERNATIONAL UNIVERSITY 11200 SW 8TH STREET MIAMI FL 33199 650177616 EDUCATION FL 115(1) N/A N/A 0 THE WOLFSONIAN INC 11200 SW 8TH STREET MIAMI FL 33199 592741851 BENEFIT UNIVERSITY FL 501(C)(3) LINE 7 N/A 0 0 1 1 0 0 0 0 0 0 1 0 0 1 0 0 1 0 0 0 FLORIDA INTERNATIONAL UNIVERSITY B 25736723 CASH PAID FLORIDA INTERNATIONAL UNIVERSITY C 9700747 CASH RECEIVED FLORIDA INTERNATIONAL UNIVERSITY J 1988971 CASH RECEIVED FLORIDA INTERNATIONAL UNIVERSITY M 80650 CASH RECEIVED FLORIDA INTERNATIONAL UNIVERSITY P 4309546 CASH PAID