2021-04-23T10:54:14-05:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 500 ORLANDO FL 32801 990 2019-07-01 596211832 UNIVERSITY OF CENTRAL FLORIDA FOUNDATION INC UNIV 4078821220 12424 RESEARCH PARKWAY SUITE 140 ORLANDO FL 32826 KAREN S COCHRAN INTERIM CEO 4078821220 2021-04-20 1 AMY CHAPMAN P00843460 4078021200 2021-04-20 2019 2022-09-23 18:48:47Z MICHAEL J MORSBERGER 12424 RESEARCH PARKWAY SUITE 140 ORLANDO FL 32826 116941362 0 X WWW.UCFFOUNDATION.ORG X 1968 FL TO ENCOURAGE, STEWARD & CELEBRATE CONTRIBUTIONS FROM ALUMNI & FRIENDS TO SUPPORT UCF. 33 30 0 2235 26339 21725 41905820 32949173 1148682 1553900 5744743 6912049 2636334 4569744 51435579 45984866 27064985 20454732 0 0 14951842 14230882 243260 221331 7580287 10863052 9102826 53123139 44009771 -1687560 1975095 397772897 396904531 76074140 74695562 321698757 322208969 X THE UCF FOUNDATION ENCOURAGES, STEWARDS AND CELEBRATES CHARITABLE CONTRIBUTIONS FROM ALUMNI AND FRIENDS TO SUPPORT UNIVERSITY OF CENTRAL FLORIDA (UCF). 0 0 4395980 4395967 427946 ATHLETICS - ATHLETICS EXPENSES PAID IN SUPPORT OF THE UCF ATHLETICS PROGRAM ENHANCE THE OVERALL ACADEMIC & ATHLETIC EXPERIENCE FOR STUDENTS & HELP PROVIDE FUNDS NECESSARY FOR UCF ATHLETICS TO CONTINUE DEVELOPING A NATIONALLY COMPETITIVE ATHLETICS PROGRAM & FOR UCF STUDENT ATHLETES TO SUCCEED IN THE CLASSROOM & IN COMPETITION. THE AVERAGE GPA FOR STUDENT-ATHLETES HAS EXCEEDED A 3.0 BENCHMARK DURING EACH TERM FOR THE PAST TWELVE YEARS, WHICH IS THE LONGEST STREAK IN SCHOOL HISTORY. GIVEN THE RECENT PANDEMIC REALITIES, FUNDRAISING FOR THE KEEP CHARGING ON FUND, AN UNRESTRICTED FUND TO COVER UNEXPECTED LOSSES AND INCREASED COVID EXPENSES, HAS BEEN A PRIORITY THIS FISCAL YEAR ALONG WITH ONGOING EFFORTS TO ENHANCE ATHLETIC FACILITIES. 12084361 8345950 362897 ACADEMIC - ACADEMIC EXPENSES PAID IN SUPPORT OF THE UCF PROGRAMS INCLUDE FUNDING FOR ACADEMIC PROGRAMS, SALARIES FOR UNIVERSITY EMPLOYEES AND FELLOWSHIPS TO REWARD SOME OF UCF'S MOST ACCOMPLISHED AND PROMISING STUDENTS. OUTSTANDING FACULTY INSPIRE STUDENTS, FOSTER AND ENHANCE STRONG ACADEMIC PROGRAMS AND SERVE AS A KEY ELEMENT TO INSTITUTIONAL EXCELLENCE. ENDOWED CHAIRS, EMINENT SCHOLAR POSITIONS AND DISTINGUISHED PROFESSORSHIPS ARE PRESTIGIOUS ACADEMIC POSITIONS HELD BY THE UNIVERSITY'S MOST ESTEEMED FACULTY AND SPENDING TO SUPPORT THESE POSITIONS HELPS THE UNIVERSITY MAINTAIN A HIGH ACADEMIC STANDARD. SPENDING TO SUPPORT RESEARCH PROJECTS AND INNOVATIVE PROGRAMS FURTHER ENRICHES THE UCF LEARNING EXPERIENCE. THE UNIVERSITY CONCLUDED THE FIRST FISCAL YEAR IN A POST-IGNITE CAMPAIGN ENVIRONMENT WITH $63.7 MILLION IN GIFTS AND COMMITMENTS, JUST SHY OF THE $65 MILLION GOAL. IN ADDITION, 31 NEW ENDOWED FUNDS WERE CREATED IN FISCAL YEAR 2020 WHICH, DESPITE THE CHALLENGES PRESENTED BY THE GLOBAL PANDEMIC, WAS THE THIRD BEST FUNDRAISING YEAR IN UNIVERSITY HISTORY. 3967592 3862272 235008 STUDENT AID - UCFF IS DEDICATED TO ENRICHING THE LIVES OF UCF STUDENTS AND SOLICITS DONATIONS TO SUPPORT SCHOLARSHIPS TO BENEFIT THEM. SCHOLARSHIP FUNDS ARE TRANSFERRED TO THE UNIVERSITY FOR ADMINISTRATION AND PROCESSING AND ARE DESIGNED TO REWARD, INSPIRE AND ASSIST STUDENTS IN PURSUING ACADEMIC EXCELLENCE AND HELP ATTRACT A DIVERSE STUDENT BODY. STUDENT SUCCESS IS A PRIORITY AND 78 NEW STUDENT SCHOLARSHIPS WERE CREATED IN FISCAL YEAR 2020. IN ADDITION, $795,715 WAS RAISED FOR SCHOLARSHIPS TARGETED FOR FIRST-GENERATION STUDENTS THOSE WHO ARE FIRST IN THEIR FAMILIES TO ATTEND COLLEGE WHICH, BECAUSE OF A 2:1 STATE MATCH OF $1,591,428, RESULTS IN $2,387,143 FOR FIRST-GENERATION MATCHING GRANT SCHOLARSHIPS. THE FALL 2020 FRESHMAN CLASS SET A NEW BAR FOR ACADEMIC EXCELLENCE WITH AN AVERAGE GPA OF 4.18. UCF RANKS SECOND AMONG FLORIDA'S STATE UNIVERSITIES WITH 335 NATIONAL MERIT SCHOLARS ENROLLED. 7668856 3850543 779865 OTHER PROGRAM SERVICES DIRECTLY RELATED TO THE FOUNDATION'S MISSION. 7668856 3850543 779865 28116789 1 1 0 1 0 0 1 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 X 100 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 33 30 0 0 1 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 0 1 0 AK CA KY MD MA MI MN NH NJ NY OK OR SC UT WI X X GLEN DAWES 4078821225 12424 RESEARCH PARKWAY SUITE 140 ORLANDO FL 32826 MICHAEL J MORSBERGER CHIEF EXECUTIVE OFFICER 40.00 0.00 X 469683 0 49608 KAREN COCHRAN SR. ASSOCIATE VP FOR ADVANCEMENT 40.00 0.00 X 330791 0 47594 JEFFREY COATES ASSOCIATE VP ADV, COLLEGE & UNITS 40.00 0.00 X 260593 0 30960 MARK WRIGHT ASSISTANT VP FOR ATHLETICS DEVELOPMENT 40.00 0.00 X 231454 0 38598 WILLIAM DEAN ASSOCIATE VP ADV, PRINCIPAL GIFTS 40.00 0.00 X 228986 0 28323 CHARLES ROBERTS ASSISTANT VP FOR ADV COLLEGE OF MEDICINE 40.00 0.00 X 213994 0 42151 RACHEL SCHAEFER CHIEF OPERATING OFFICER 40.00 0.00 X 200707 0 27687 PATRICK CROWLEY ASSOCIATE VP COMMUNICATIONS AND MARKETING 40.00 0.00 X 190325 0 35943 GLEN DAWES AS OF 122019 CHIEF FINANCIAL OFFICER 40.00 0.00 X 3525 0 307 ALAN FLOREZ TREASURER, FINANCE COMMITTEE 3.00 0.00 X X 0 0 0 ANTONIO MORENO VICE CHAIR 3.00 0.00 X X 0 0 0 CARRIE CALLAHAN VICE CHAIR 5.00 0.00 X X 0 0 0 DANIEL WARD CHAIR, UCF ALUMNI BOARD AND EX-OFFICIO VOTING DIRE 1.00 0.00 X X 0 0 0 EVA TUKDARIAN CPA CHAIR, AUDIT COMMITTEE 3.00 0.00 X X 0 0 0 JAMES FERRELL CPA CHAIR (INTERIM), REAL ESTATE COMMITTEE 3.00 0.00 X X 0 0 0 JOHN EULIANO CHAIR 10.00 0.00 X X 0 0 0 JUAN OSCAR RODRIGUEZ CHAIR, INFORMATION TECHNOLOGY COMMITTEE 3.00 0.00 X X 0 0 0 KEVIN WYDRA CHAIR, INFORMATION TECHNOLOGY 3.00 0.00 X X 0 0 0 MICHAEL OKATY ESQ THRU 12020 CHAIR, REAL ESTATE COMMITTEE 3.00 5.00 X X 0 0 0 NELSON MARCHIOLI THRU 22020 IMMEDIATE PAST CHAIR 3.00 0.00 X X 0 0 0 SARA BERNARD ATTORNEY SECRETARY 3.00 0.00 X X 0 0 0 THE HONORABLE BEVERLY SEAY CHAIR, UCF BOARD OF TRUSTE 1.00 15.00 X X 0 0 0 BRIAN BUTLER DIRECTOR 3.00 0.00 X 0 0 0 BRUCE GOULD ATTORNEY DIRECTOR 3.00 0.00 X 0 0 0 CATHERINE MCCAW-ENGELMAN DIRECTOR 3.00 0.00 X 0 0 0 CHRISTOPHER TOMASSO DIRECTOR 3.00 0.00 X 0 0 0 CLINT BULLOCK DIRECTOR 3.00 0.00 X 0 0 0 DANA PATTON DIRECTOR 3.00 0.00 X 0 0 0 DIANE MAHONY DIRECTOR 3.00 0.00 X 0 0 0 DIANNE OWEN DIRECTOR 3.00 0.00 X 0 0 0 DR ALEXANDER CARTWRIGHT42020 PRESIDENT, UNIV. OF CENTRAL FLORIDA (UCF) 1.00 45.00 X 0 0 0 DR CLARENCE BROWN THRU 22020 DIRECTOR 3.00 0.00 X 0 0 0 DR DOUGLAS GEARITY DIRECTOR 3.00 0.00 X 0 0 0 DR GIDEON LEWIS DIRECTOR 3.00 0.00 X 0 0 0 DR TRACEY GUILLOT-HENLEY DIRECTOR 3.00 0.00 X 0 0 0 JESSICA BLUME DIRECTOR 3.00 0.00 X 0 0 0 JOYCE VIRGA DIRECTOR 3.00 0.00 X 0 0 0 KEVIN MILLER ATTORNEY DIRECTOR 3.00 0.00 X 0 0 0 LORETTA COREY DIRECTOR 3.00 0.00 X 0 0 0 MARK PLAUMANN DIRECTOR 3.00 0.00 X 0 0 0 MARY BETH MORGAN DIRECTOR 3.00 0.00 X 0 0 0 ROSLYN BURTTRAM DIRECTOR 3.00 0.00 X 0 0 0 2130058 0 301171 25 0 1 0 MACDADE CONSTRUCTION INC 1200 S SANFORD AVE SANFORD FL 32771 CONSTRUCTION SERVICES 977874 CUSHMAN & WAKEFIELD US INC 55 WESTPORT PLAZA STE 500 ST LOUIS MO 63146 BUILDING MANAGEMENT SERVICES 775362 RED COATS INC 4520 EAST WEST HIGHWAY BETHESDA MD 20814 MAINTENANCE 312474 ADVANCED ROOFING INC 1950 NW 22ND ST FORT LAUDERDALE FL 33311 ROOF CONTRACTORS 302806 AD OWENS CONSTRUCTION CORP 600 WILKINSON ST STE 200 ORLANDO FL 32803 CONSTRUCTION SERVICES 301913 21 122723 12853356 19973094 2139232 32949173 PROGRAM REVENUES 611710 1553900 1553900 1553900 2706747 2706747 256923 256923 16539021 12556237 3982784 3982784 3982784 62601392 58396090 4205302 4205302 4205302 55262 122723 3380 51882 51882 3843 789 3054 3054 MISCELLANEOUS REVENUE 900099 251816 251816 ADVERTISING REVENUE 541800 23285 23285 275101 45984866 1805716 26339 11203638 20364308 20364308 90424 90424 1434254 624485 809769 9207149 1251954 3799289 4155906 837861 109450 341132 387279 1885517 238904 746180 900433 866101 136270 344996 384835 4494 570 3924 55456 55456 231516 231516 221331 221331 557388 557388 1067007 704522 186982 175503 152873 94031 44606 14236 539635 201952 104189 233494 1224934 541638 679602 3694 248617 154348 30946 63323 599369 483533 59319 56517 191354 6667 184687 99550 5970 93580 UCF PROGRAMMING 2008036 2008036 BANQUETS & RECEPTION 828016 604988 183414 39614 SMALL EQUIPMENT&RENTALS 470420 275605 103820 90995 SPONSORSHIP/MEMBERSHIPS 141397 124511 13175 3711 682764 487592 155525 39647 44009771 28116789 8312695 7580287 1100 1177 8471473 16716284 29266719 24727025 494165 206377 2352450 0 587063 1934951 164441075 32494568 129530445 131946507 89345389 187074904 137097880 33975613 626213 321693 397772897 396904531 1960446 2192710 58445 585226 73618000 71487000 437249 430626 76074140 74695562 X 126606373 117955709 55912445 60459505 139179939 143793755 321698757 322208969 397772897 396904531 1975095 -1464883 0 X 0 1 X 1 0 X 41260393 43802712 52586430 41905820 32949173 212504528 41260393 43802712 52586430 41905820 32949173 212504528 212504528 11601797 12097203 12620198 13459049 19502691 69280938 95752 44206 28408 51925 26339 246630 274 2407 66211 83505 251816 404213 282436309 11041222 0.75240 0.76860 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2015 AMOUNT: $ 274. 2016 AMOUNT: $ 2,407. 2017 AMOUNT: $ 66,211. 2018 AMOUNT: $ 83,505. 2019 AMOUNT: $ 251,816. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 231516 0 0 231516 0 PART II-B, LINE 1: THE FOUNDATION PROVIDES FUNDING FOR GOVERNMENTAL RELATIONS AND LOBBYING EFFORTS ON BEHALF OF THE UNIVERSITY. THE GOVERNMENT RELATIONS INCLUDE CULTIVATING, MAINTAINING, AND ENHANCING THE LINK BETWEEN UCF AND THE VARIOUS PUBLICS IT SERVES AND TO CREATE AND IMPLEMENT COMMUNITY-BASED PROGRAMS. THIS IS TO INCREASE KNOWLEDGE AND UNDERSTANDING OF THE UNIVERSITY WITHIN KEY EXTERNAL COMMUNITIES. X 1 0.25 0 0 1 0 1.00 164776217 4839565 2134076 1856633 4460230 2511384 162921611 163512131 3103705 7946303 1851418 4418779 3515725 164776217 156908945 6040685 10144015 1346979 3957296 4277239 163512131 146460803 4718583 14757487 1195132 3914450 3918346 156908945 150688036 3395955 1519006 1579101 3903831 3659262 146460803 0.01280 0.98720 0.00000 0 0 68365788 68365788 91947282 30749820 61197462 648702 648702 0 3479303 1096046 2383257 131946507 PRIVATE DEBT/CREDIT OPPORTUNITIES FUNDS 24109235 F PRIVATE EQUITY 9866378 F 33975613 TENANT SECURITY & KEY DEPOSIT 34016 ANNUITY PAYMENT LIABILITY 396610 430626 X 56488221 -1464883 12560406 11095523 45392698 592168 592168 45984866 55978009 12560406 12560406 43417603 592168 592168 44009771 PART II, LINE 9: THE FOUNDATION HAS ONE CONSERVATION EASEMENT (50 FOOT CONSERVATION EASEMENT FOR DRAINAGE ALONG THE EASTERLY BOUNDARY OF THE PROPERTY), WHICH WAS INCLUDED IN THE VALUE OF THE LAND ON THE FOUNDATION'S BALANCE SHEET. PART V, LINE 4: THE FOUNDATION AUTHORIZES SPENDING FROM ITS ENDOWMENT TO SUPPORT THE UNIVERSITY'S STUDENT SCHOLARSHIPS, ACADEMIC CHAIRS, PROFESSORSHIPS, AND ACADEMIC PROGRAMS. PART X, LINE 2: THE FOUNDATION HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF ITS TAX POSITION IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, 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: RENT EXPENSES NETTED AGAINST RENTAL REVENUE 12,556,237. FUNDRAISING EVENT EXPENSES NETTED AGAINST FUNDRAISING EVENT REVENUE 3,380. MERCHANDISE SALES EXPENSE NETTED AGAINST MERCHANDISE SALES REVENUE 789. PART XI, LINE 4B - OTHER ADJUSTMENTS: VALUE OF ANNUITY PAYMENTS NETTED AGAINST REVENUE 34,780. INVESTMENTS FEES NETTED AGAINST INVESTMENT REVENUE 557,388. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSES NETTED AGAINST RENTAL REVENUE 12,556,237. FUNDRAISING EVENT EXPENSES NETTED AGAINST FUNDRAISING EVENT REVENUE 3,380. MERCHANDISE SALES EXPENSE NETTED AGAINST MERCHANDISE SALES REVENUE 789. PART XII, LINE 4B - OTHER ADJUSTMENTS: VALUE OF ANNUITY PAYMENTS NETTED AGAINST REVENUE 34,780. INVESTMENTS FEES NETTED AGAINST INVESTMENT REVENUE 557,388. X X X X X X X 1 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 503030718 CALL CENTER 0 116604 216331 -99727 ANNUAL GIVING NETWORK LLC PO BOX 201 MEDFIELD MA 02052 CONSULTANTS 0 0 5000 -5000 116604 221331 -104727 AL AK AR CA CO CT FL GA HI IL KS KY ME MD MA MI MN MS MO NH NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI NV NJ LA COLLEGE OF NURSING 40TH ANNIVERSARY 76000 51700 24300 2150 FOOTBALL KICKOFF LUNCHEON 76450 53900 22550 2 25535 17123 8412 1230 177985 122723 55262 1230 2150 3380 51882 SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE FOUNDATION USED THE FOLLOWING FUNDRAISERS FOR THE CURRENT TAX YEAR: RUFFALO NOEL LEVITZ, AND ANNUAL GIVING NETWORK LLC. THERE WILL BE NO GROSS RECEIPTS GENERATED FROM THESE VENDORS SINCE THE VENDOR IS PROVIDING RESEARCH SUPPORT AND CONSULTING SERVICES TO THE FOUNDATION'S DEVELOPMENT OFFICE REGARDING SOLICITATION STRATEGIES. IN ADDITION TO PROFESSIONAL FEE EXPENSES PAID TO RUFFALO NOEL LEVITZ AND ANNUAL GIVING NETWORK, LLC, THE FOUNDATION REIMBURSED THE COMPANIES $19,454.04, AND $10,776.67 RESPECTIVELY. THIS WAS FOR BUSINESS TRAVEL AND INCIDENTAL EXPENSES IN ACCORDANCE WITH THE CONTRACTS. 0 UNIVERSITY OF CENTRAL FLORIDA 4000 CENTRAL FLORIDA BLVD ORLANDO FL 32816 592924021 115(1) 14888295 FUNDING FOR PROGRAMS AND SCHOLARSHIPS UCF GOLDEN KNIGHTS CORPORATION INC PO BOX 163555 ORLANDO FL 32826 203794571 501(3) 1098300 ATHLETICS STADIUM SUPPORT UCF CONVOCATION CORPORATION INC 4000 CENTRAL FLORIDA BLVD ORLANDO FL 32816 161733312 501(3) 800 CONVOCATION CENTER SUPPORT UCF ATHLETICS ASSOCIATION INC PO BOX 163555 ORLANDO FL 32826 592334448 501(3) 3469176 ATHLETIC SCHOLARSHIP AND PROGRAM SUPPORT UNIVERSITY OF CENTRAL FLORIDA RESEARCH FOUNDATION 12201 RESEARCH PARKWAY ORLANDO FL 32826 593086453 501(3) 907737 RESEARCH ACTIVITY 4 1 TICKETS, CLOTHES, MEALS, AND MISC. FOR STUDENTS 462 22516 PURCHASE PRICE TICKETS/CLOTHES/MEALS TRAVEL AND REGISTRATION PAYMENTS FOR VARIOUS STUDENTS 277 35162 PURCHASE PRICE TRAVEL/REGISTRATION EDUCATIONAL EQUIPMENT AND SUPPLIES 67 1529 PURCHASE PRICE EQUIPMENT/SUPPLIES OTHER SUPPORT 111 31217 CASH VALUE CASH AWARD PART I, LINE 2: THE FOUNDATION MAINTAINS THE APPROVED EXPENDITURE REQUEST WHICH SUBSTANTIATE THE GRANT AMOUNTS PROVIDED TO THE RECIPIENTS. THE FOUNDATION MAINTAINS DONOR INFORMATION, RELATED CONTRIBUTION DOCUMENTATION, AND ANY DONOR RESTRICTIONS OUTLINED BY THE DONOR INCLUDING SCHOLARSHIP CRITERIA. THE GRANTS ARE MADE TO THE UNIVERSITY OR UNIVERSITY AFFILIATED ENTITIES AND THE FOUNDATION RELIES ON THE POLICIES, PROCEDURES, AND CONTROLS ESTABLISHED BY THESE ENTITIES FOR EXPENDITURE TRACKING AND PROPER ADMINISTRATION OF THE GRANTS FOR SCHOLARSHIP AWARDS. X X X 1 1 X 0 0 0 0 0 0 0 0 0 MICHAEL J MORSBERGER CHIEF EXECUTIVE OFFICER 440223 0 1000 0 28460 0 23921 0 25687 0 519291 0 0 0 KAREN COCHRAN SR. ASSOCIATE VP FOR ADVANCEMENT 321152 0 1000 0 8639 0 24012 0 23582 0 378385 0 0 0 JEFFREY COATES ASSOCIATE VP ADV, COLLEGE & UNITS 245954 0 6000 0 8639 0 21405 0 9555 0 291553 0 0 0 MARK WRIGHT ASSISTANT VP FOR ATHLETICS DEVELOPME 199598 0 21400 0 10456 0 16999 0 21599 0 270052 0 0 0 WILLIAM DEAN ASSOCIATE VP ADV, PRINCIPAL GIFTS 219347 0 1000 0 8639 0 19071 0 9252 0 257309 0 0 0 CHARLES ROBERTS ASSISTANT VP FOR ADV COLLEGE OF MEDI 203405 0 2000 0 8589 0 17556 0 24595 0 256145 0 0 0 RACHEL SCHAEFER CHIEF OPERATING OFFICER 198800 0 1000 0 907 0 17375 0 10312 0 228394 0 0 0 PATRICK CROWLEY ASSOCIATE VP COMMUNICATIONS AND MARK 180736 0 1000 0 8589 0 15875 0 20068 0 226268 0 0 0 PART I, LINE 1A 1. FIRST-CLASS OR CHARTER TRAVEL - CHARTER FLIGHTS PROVIDED FOR THE PRESIDENTIAL CANDIDATE (CARTWRIGHT) AND SPOUSE TO LIMIT EXPOSURE SHOULD HE HAVE DECIDED NOT TO APPLY FOR THE POSITION. FOR THAT REASON, A PRIVATE FLIGHT WAS ARRANGED TO MAKE HIS VISIT POSSIBLE. TOTAL SPENT ON CHARTER FLIGHT TRAVEL IS $18,383. 2. TAX INDEMNIFICATION AND GROSS UP PAYMENTS - FOR VARIOUS UNIVERSITY EMPLOYEES, THE FOUNDATION MADE SUPPLEMENT PAYMENTS CALCULATED ANNUALLY WHICH INCLUDED GROSSED-UP AMOUNTS FOR TAX PURPOSES PER UNIVERSITY POLICY. THE TOTAL GROSSED-UP AMOUNTS WERE INCLUDED IN THE EMPLOYEES' REPORTABLE TAXABLE COMPENSATION. TOTAL GROSSED-UP AMOUNTS IS $238,014. 3. HEALTH OR SOCIAL CLUB DUES - THE FOUNDATION PROVIDES CERTAIN SOCIAL CLUB MEMBERSHIPS FOR FUNDRAISING, DONOR CULTIVATION, OR OTHER BUSINESS PURPOSES. THE PERSONAL PORTION OF THE MEMBERSHIPS IS INCLUDED IN THE INDIVIDUALS' TAXABLE COMPENSATION. TOTAL CLUB DUES PAID WERE $32,105. A UNIVERSITY OF CENTRAL FLORIDA FOUNDATION INC 596211832 2008-12-30 10400000 REFUND PRIOR ISSUE 2008 0 0 0 B UNIVERSITY OF CENTRAL FLORIDA FOUNDATION INC 596211832 2009-12-17 12540000 REFUND PRIOR ISSUE 2009 0 0 0 C UNIVERSITY OF CENTRAL FLORIDA FOUNDATION INC 596211832 2018-12-11 6000000 FUND PURCHASE OF DLC BUILDING 0 0 0 A 1640000 10400000 1 0 1 1 B 12433674 106326 1 0 1 1 C 5939484 60516 0 0 1 1 A 0 1 0 1 1 0.03960 0.03960 0 0 0 B 0 1 0 1 1 0.02050 0.02050 0 0 0 C 0 1 0 1 1 0.00000 0.00000 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 A 1 B 1 C 1 X 4 0 X 0 X 22214 1689232 PUBLISHED MARKET VALUE X 1 450000 ESTIMATED SELLING PRICE X 1 0 X 4 0 X FURNITURE 2 0 X EQUIPMENT 11 0 X MISCELLANEOUS 1 0 1 0 1 1 PART I, LINE 30B: PART I, TYPES OF PROPERTY LINE 1, 5, 9,16,18,19, & 20 THE FOUNDATION RECEIVED SEVERAL DONOR GIFT IN-KIND CONTRIBUTIONS DURING THE YEAR INCLUDING EQUIPMENT, ART WORK AND OTHER PROGRAM RELATED GIFTS IN-KIND. THESE GIFTS IN-KIND PASSED THROUGH THE FOUNDATION TO THE UNIVERSITY AND ARE NOT INCLUDED IN THE FOUNDATION'S REVENUE BECAUSE THE FOUNDATION ONLY SERVES AS AN AGENT FOR THE UNIVERSITY. PART I, LINE 32B: PART II - PART I USE OF THIRD PARTY TO SELL NONCASH CONTRIBUTIONS. THE FOUNDATION INSTRUCTS U.S. BANK, AS CUSTODIAN OF ITS INVESTMENTS, TO SELL ANY STOCK GIFTS RECEIVED BY THE FOUNDATION. STOCKS ARE VALUED AT THE AVERAGE OF THE HIGH AND LOW MARKET PRICE ON THE DAY OF RECEIPT. FORM 990, PART V, LINE 2A NUMBER OF EMPLOYEES REPORTED ON FORM W3: ALL EMPLOYEES ARE UNIVERSITY OF CENTRAL FLORIDA EMPLOYEES; THEREFORE, THE UNIVERSITY OF CENTRAL FLORIDA ADMINISTERS THE EMPLOYEE COMPENSATION AND HUMAN RESOURCE PROCESS. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS AUTHORIZED AND EMPOWERED TO ACT FOR, IN THE NAME OF AND ON BEHALF OF THE UCF FOUNDATION BOARD AT ALL TIMES WHEN THE BOARD IS NOT MEETING. FORM 990, PART VI, SECTION A, LINE 4 THE BOARD OF DIRECTORS ADOPTED AMENDED AND RESTATED BYLAWS FOR THE ORGANIZATION, CHANGES TO WHICH INCLUDE THE ADDITION OF THE DONOR ENGAGEMENT AND STEWARDSHIP COMMITTEE AS A STANDING COMMITTEE OF THE FOUNDATION BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FOLLOWING IS THE REVIEW AND DISTRIBUTION PROCESS FOR THE FOUNDATION'S ANNUAL FORM 990: THIS PROCESS SHALL BE FOLLOWED EACH YEAR PRIOR TO FILING THESE DOCUMENTS WITH THE IRS. 1. THE CFO AND CEO SHALL REVIEW BOTH THE FORM 990 AND THE FORM 990-T AND RESOLVE ANY OUTSTANDING ISSUES OR QUESTIONS WITH THE INDEPENDENT ACCOUNTING FIRM REVIEWING OR PREPARING THE FORMS BEFORE DISTRIBUTION TO THE AUDIT COMMITTEE OR THE BOARD. IT IS THE CFO'S AND CEO'S RESPONSIBILITY TO CONFIRM THAT THESE FORMS DO NOT CONTAIN ANY UNTRUE STATEMENTS OR OMIT ANY MATERIAL FACTS AS WELL AS ENSURE THE FINANCIAL INFORMATION FAIRLY REPRESENTS THE FOUNDATION'S FINANCIAL CONDITION FOR THE PERIOD BEING REPORTED. 2. THE AUDIT COMMITTEE SHALL REVIEW THE DRAFT FORM 990 PRIOR TO FILING WITH THE IRS AND SHALL DOCUMENT THEIR DISCUSSION AND REVIEW OF THE DOCUMENTS IN THE COMMITTEE MEETING MINUTES. FINAL REVIEW OF THE FORM 990 IS SPECIFICALLY DELEGATED TO THE AUDIT COMMITTEE AND NO FURTHER REVIEW SHALL BE REQUIRED BEFORE SUCH FORMS ARE FILED WITH THE IRS. THE DRAFT FORM 990 SHALL BE PROVIDED TO EACH VOTING BOARD MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. DISTRIBUTION MAY BE IN THE FORM OF ELECTRONIC MAIL, NOTIFICATION LINK TO AN ELECTRONIC WEBSITE, OR ACTUAL MAILING OF THE DOCUMENT. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS, OFFICERS, COMMITTEE MEMBERS AND KEY EMPLOYEES SHALL BE REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE FORM. THIS ANNUAL DISCLOSURE FORM WILL REQUEST SPECIFIC INFORMATION REGARDING THE TERMS OF ANY CONTRACT OR TRANSACTION WITH THE FOUNDATION AND WHETHER PROCESS FOR APPROVAL SET FORTH IN THIS POLICY WAS USED. AN INTERESTED PERSON WHO HAS OR LEARNS ABOUT A POTENTIAL CONFLICT SHOULD DISCLOSE PROMPTLY TO THE CHAIR OF THE BOARD DUE DILIGENCE COMMITTEE AND THE FOUNDATION'S CFO THE MATERIAL FACTS SURROUNDING ANY POTENTIAL CONFLICT OF INTEREST, INCLUDING SPECIFIC INFORMATION CONCERNING THE TERMS OF ANY CONTRACT OR TRANSACTION WITH THE FOUNDATION. ALL EFFORTS SHOULD BE MADE TO DISCLOSE ANY SUCH CONTRACT OR TRANSACTION AND HAVE IT APPROVED BY THE COMMITTEE BEFORE THE ARRANGEMENT IS ENTERED INTO. FOLLOWING RECEIPT OF INFORMATION CONCERNING A CONTRACT OR TRANSACTION INVOLVING A POTENTIAL CONFLICT OF INTEREST. THE BOARD DUE DILIGENCE COMMITTEE SHALL CONSIDER THE MATERIAL FACTS CONCERNING THE PROPOSED CONTRACT OR TRANSACTION, INCLUDING THE PROCESS BY WHICH THE DECISION WAS MADE TO RECOMMEND ENTERING INTO THE ARRANGEMENT ON THE TERMS PROPOSED. THE COMMITTEE SHALL APPROVE ONLY THOSE CONTRACTS OR TRANSACTIONS IN WHICH THE TERMS ARE FAIR AND REASONABLE TO THE FOUNDATION AND THE ARRANGEMENT IS CONSISTENT WITH THE BEST INTEREST OF THE FOUNDATION. FAIRNESS INCLUDES, BUT IS NOT LIMITED TO, THE CONCEPTS THAT THE FOUNDATION SHOULD PAY NO MORE THAN FAIR MARKET VALUE FOR ANY GOODS OR SERVICES WHICH THE FOUNDATION RECEIVES AND THAT THE FOUNDATION SHOULD RECEIVE FAIR MARKET VALUE CONSIDERATION FOR ANY GOODS OR SERVICES THAT IT FURNISHES OTHERS. WHEN AN INTERESTED PERSON BECOMES AWARE OF A PROPOSED CONFLICT OF INTEREST TRANSACTION, HE OR SHE WILL HAVE A DUTY TO TAKE THE FOLLOWING ACTIONS: (A) IMMEDIATELY DISCLOSE THE EXISTENCE AND CIRCUMSTANCES OF SUCH CONFLICT OF INTEREST TRANSACTION TO THE CHAIR OF THE DUE DILIGENCE COMMITTEE AND TO THE FOUNDATION'S CFO; (B) REFRAIN FROM USING HIS OR HER PERSONAL INFLUENCE TO ENCOURAGE THE FOUNDATION TO ENTER INTO THE CONFLICT OF INTEREST TRANSACTION; (C) AND PHYSICALLY RECUSE THEMSELVES FROM PARTICIPATION IN ANY DISCUSSIONS REGARDING THE CONFLICT OF INTEREST TRANSACTION WITH OFFICIALS OF THE FOUNDATION, AT MEETINGS OF THE BOARD OF DIRECTORS, AND WITH OTHER MEMBERS OF THE FOUNDATION COMMUNITY, EXCEPT TO RESPOND TO REQUESTS FOR INFORMATION ABOUT THE CONFLICT OF INTEREST TRANSACTION. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE OR SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF THE VOTE ON THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15B THE UNIVERSITY HUMAN RESOURCES DEPARTMENT REVIEWS COMPARABLE SALARY DATA. MARKET DATA FROM SALARY SURVEY SOURCES IS USED TO ASSIGN AN ACCURATE VALUE TO THE POSITION IN THE EXTERNAL LABOR MARKET. SURVEY MATCHES ARE BASED ON THE PRIMARY DUTIES OF THE POSITION. THE SURVEY DATA PROVIDES SALARY AND DEMOGRAPHIC DATA FOR SELECTED POSITIONS NATIONWIDE AND IS REPORTED IN A STATISTICAL FORMAT INDICATING THE AVERAGE AND MEDIAN SALARIES AND ADDITIONAL PERCENTILES (I.E. 25TH, 75TH). THE UNIVERSITY HR DEPARTMENT REVIEWS COMPARABLE SURVEY DATA WHEN AN EMPLOYEE IS HIRED OR PROMOTED. THE EXECUTIVE COMMITTEE CONSISTS OF THE FOLLOWING: THE CHAIR, VICE CHAIRS, SECRETARY, TREASURER, IMMEDIATE PAST CHAIR, UNIVERSITY PRESIDENT, CHAIR OF THE BOARD OF TRUSTEES, CHAIR OF THE UCF ALUMNI BOARD OF DIRECTORS, CHAIR OF ALL OTHER STANDING COMMITTEES OF THE UCF FOUNDATION BOARD. THE UCF FOUNDATION BOARD AND ITS COMMITTEES ADHERE TO ROBERT'S RULES AND ALL DELIBERATIONS OCCUR WITHIN PUBLICLY NOTICED MEETINGS IN ACCORDANCE WITH FLORIDA SUNSHINE LAW. ANY OFFICIAL ACTION MUST BE APPROVED BY A VOICE VOTE. PROXIES OR WRITTEN VOTES ARE NOT PERMITTED. WE CAPTURE FULL MEETING MEETINGS, INCLUDING ACTIONS, IN WRITING. THESE MINUTES ARE STORED WITHIN OUR ELECTRONIC RECORDS UPON THE RESPECTIVE COMMITTEE'S APPROVAL VIA AN OFFICIAL ACTION. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, 990 TAX DOCUMENTS, AND FINANCIAL STATEMENTS ARE PUBLISHED ON THE FOUNDATION'S WEBSITE OR ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN IRC SECTION 6104(D). UNIVERSITY OF CENTRAL FLORIDA REAL ESTATE FOUNDATION 12424 RESEARCH PRKY STE 140 ORLANDO FL 32826 596211832 REAL ESTATE FL 0 82760750 N/A KNIGHTS KROSSING STUDENT HOUSING LLC 12424 RESEARCH PRKY STE 140 ORLANDO FL 32826 596211832 REAL ESTATE FL 0 9733000 N/A UNIVERSITY OF CENTRAL FLORIDA 4000 CENTRAL FLORIDA BLVD ORLANDO FL 32816 592924021 EDUCATION FL 115(1) N/A N/A 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 UNIVERSITY OF CENTRAL FLORIDA B 20454732 CASH PAID UNIVERSITY OF CENTRAL FLORIDA K 16493758 FMV UNIVERSITY OF CENTRAL FLORIDA Q 528202 CASH PAID UNIVERSITY OF CENTRAL FLORIDA S 12094794 FMV UNIVERSITY OF CENTRAL FLORIDA R 27796088 CASH PAID