2020-03-23T15:18:09-05:00 2019-06-30 593204548 JAMES MOORE & CO PL 5931 NW 1ST PLACE GAINESVILLE FL 326072063 990 2018-07-01 201226494 UNIVERSITY OF FLORIDA INVESTMENT CORPORATION UNIV 3523921693 800 SW 2ND AVENUE NO 300 GAINESVILLE FL 32601 EDWARD KELLY COO, VICE PRESIDENT 3523921693 2020-02-27 1 ANDREA L NEWMAN P01212004 3523781331 2020-02-26 70.169.187.70 2020-02-27 10:17:01 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 C45594228A5F1E6B70BA333D088FD31310C8BDA7 2018 2020-11-19 02:30:22Z X EDWARD KELLY 800 SW 2ND AVENUE NO 300 GAINESVILLE FL 32601 4915795 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 7 12 0 0 0 0 0 4260192 4892745 12818 23050 0 0 4273010 4915795 0 0 0 0 3922377 4733363 0 0 0 467932 437219 4390309 5170582 -117299 -254787 3326580 3970692 2909019 3807918 417561 162774 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 4615330 4892745 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 $3,418,202,871 FOR THESE ORGANIZATIONS. 4615330 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 0 0 X 12 7 0 0 1 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 DAVID T BROWN BOARD MEMBER 1.00 50.00 X 0 266559 26724 ROBERT H GIDEL BOARD MEMBER UNTIL 3/30/2019 1.00 X 0 0 0 ALEX C SMITH BOARD MEMBER 1.00 X 0 0 0 REBECCA S PATTERSON CHAIR 1.00 X 0 0 0 WINFRED M PHILLIPS BOARD MEMBER 1.00 50.00 X 0 462196 104351 DOUGLAS J FREE BOARD MEMBER 1.00 X 0 0 0 ROBERT J COUSIN BOARD MEMBER 1.00 X 0 0 0 JAMES J KELLY JR BOARD MEMBER 1.00 50.00 X 0 709004 31493 MICHAEL V MCKEE BOARD MEMBER 1.00 50.00 X 0 342904 97201 THOMAS J MITCHELL BOARD MEMBER 1.00 50.00 X 0 782057 47202 BRIAN T LEVINE BOARD MEMBER 1.00 X 0 0 0 WILLIAM WALTON BOARD MEMBER 1.00 X 0 0 0 JAMES W HEAVENER BOARD MEMBER 1.00 X 0 0 0 EDWARD KELLY COO, VICE PRESIDENT/TREASU 50.00 X 369030 0 75771 WILLIAM REESER CIO, PRESIDENT 50.00 X 949301 0 151487 BRIAN MAWDSLEY MANAGING DIRECTOR 50.00 X 544224 0 98534 JAMES HUMPHRIES CONTROLLER 50.00 X 131034 0 32413 ADAM SINGLETON INVESTMENT DIRECTOR 50.00 X 344864 0 77455 WILLIAM TWIBLE INVESTMENT DIRECTOR 50.00 X 321571 0 63870 JEFFREY FURST INVESTMENT DIRECTOR 50.00 X 287335 0 75691 2947359 2562720 882192 7 0 1 0 0 MANAGEMENT FEES 541900 4892745 4892745 4892745 22980 22980 70 0 70 70 70 4915795 4892745 0 23050 2430914 2186616 244298 1793991 1614592 179399 274817 257511 17306 233641 210277 23364 123 123 24750 24750 4305 4305 22060 19854 2206 420 420 166889 150200 16689 142167 142167 29388 29388 35628 35628 MEMBERSHIPS & DUES 5250 5250 SUBSCRIPTIONS 3569 3569 MEALS & ENTERTAINMENT 2550 2550 AWARDS AND COMMENDATION 120 120 5170582 4615330 555252 0 1236541 1647376 191437 53937 13577 13577 312182 172524 0 139658 1885025 2116144 3326580 3970692 1466417 1866774 1442602 1941144 2909019 3807918 X 417561 23116 0 139658 0 0 417561 162774 3326580 3970692 -254787 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 107971 50977 56994 204211 121547 82664 139658 INVESTMENTS - DEFERRED COMPENSATION - 457(B) PLAN 219185 MANAGEMENT FEES RECEIVABLE 1721959 DUE FROM UNIVERSITY OF FLORIDA 175000 2116144 DEFERRED COMPENSATION 1721959 DEFERRED COMPENSATION - 457(B) PLAN 219185 1941144 X 4915795 0 4915795 0 4915795 5170582 0 5170582 0 5170582 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 0 0 0 0 0 0 1 0 DAVID T BROWN BOARD MEMBER 0 183083 0 56861 0 26615 0 15777 0 10947 0 293283 0 0 WINFRED M PHILLIPS BOARD MEMBER 0 435665 0 17531 0 9000 0 95549 0 8802 0 566547 0 0 JAMES J KELLY JR BOARD MEMBER 0 522668 0 107000 0 79336 0 19250 0 12243 0 740497 0 0 MICHAEL V MCKEE BOARD MEMBER 0 318480 0 12944 0 11480 0 75741 0 21460 0 440105 0 0 THOMAS J MITCHELL BOARD MEMBER 0 545995 0 22711 0 213351 0 24255 0 22947 0 829259 0 0 EDWARD KELLY COO, VICE PRESIDENT/TREASU 281916 0 84084 0 3030 0 55605 0 20166 0 444801 0 0 0 WILLIAM REESER CIO, PRESIDENT 543298 0 398071 0 7932 0 134425 0 17062 0 1100788 0 0 0 BRIAN MAWDSLEY MANAGING DIRECTOR 355304 0 187486 0 1434 0 79449 0 19085 0 642758 0 0 0 JAMES HUMPHRIES CONTROLLER 125347 0 0 0 5687 0 13654 0 18759 0 163447 0 0 0 ADAM SINGLETON INVESTMENT DIRECTOR 241168 0 103018 0 678 0 62995 0 14460 0 422319 0 0 0 WILLIAM TWIBLE INVESTMENT DIRECTOR 202542 0 114885 0 4144 0 57271 0 6599 0 385441 0 0 0 JEFFREY FURST INVESTMENT DIRECTOR 200808 0 85849 0 678 0 57271 0 18420 0 363026 0 0 0 PART I, LINE 1A BUSINESS CLASS TRAVEL ON A THREE CLASS FLIGHT OR FIRST CLASS ON A TWO CLASS FIGHT 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 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 4 CHANGES TO THE ORGANIZATION'S BYLAWS WERE MADE AS DISCUSSED IN QUESTIONS 7A & 7B BELOW. 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 FOR REVIEW. 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. 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 XI, LINE 2C: THE PROCESS FOR THE SELECTION AND SUPERVISION OF THE ORGANIZATION'S INDEPENDENT AUDITOR HAS REMAINED CONSISTENT WITH THE PRIOR YEAR. 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