2020-07-15T07:10:50-05:00 2019-06-30 593186310 THOMAS HOWELL FERGUSON PA 2615 CENTENNIAL BLVD SUITE 200 TALLAHASSEE FL 32308 990 2018-07-01 591561180 SEMINOLE BOOSTERS INC SEMI 8506448803 PO BOX 1353 TALLAHASSEE FL 323021353 JP SINCLAIR CFO 8506443484 2020-07-07 1 WINSTON K HOWELL P01347409 8506688100 66.77.128.118 2020-07-07 15:40:50 ED P 29A8B0978CDCFB7A09AF98F870073E7C7C78DD52 29A88B769E8AD47F3B7898AD4189BB66A3F0BD92 2018 2021-01-29 14:40:06Z ROBERT A MILLER PO BOX 1353 TALLAHASSEE FL 323021353 92267168 0 X WWW.SEMINOLE-BOOSTERS.COM X 1974 FL TO PROVIDE FINANCIAL SUPPORT FOR THE STUDENTS AND INTERCOLLEGIATE ATHLETIC PROGRAMS AT FLORIDA STATE UNIVERSITY 59 56 73 55 1846859 -897361 39755902 60310355 10531453 11601510 304658 4657945 8155709 6666318 58747722 83236128 0 0 0 0 4897279 5459829 0 0 3494676 48598059 53421189 53495338 58881018 5252384 24355110 255371643 313243141 112225367 144873717 143146276 168369424 SEMINOLE BOOSTERS, INC. WAS CREATED AS A NOT-FOR-PROFIT ORGANIZATION TO STIMULATE AND PROMOTE THE EDUCATION, HEALTH, AND PHYSICAL WELFARE OF THE STUDENT OF FLORIDA STATE UNIVERSITY BY PROVIDING FINANCIAL SUPPORT FOR THE INTERCOLLEGIATE ATHLETIC PROGRAM AT FSU. 0 0 23222019 EXPENDITURES INCLUDE DISBURSEMENTS MADE TO FLORIDA STATE UNIVERSITY DEPARTMENT OF ATHLETICS, DISBURSEMENTS MADE TO FLORIDA STATE UNIVERSITY, AND TRANSFERS TO FSU FINANCIAL ASSISTANCE. THESE DISBURSEMENTS INCLUDE, ATHLETIC DEVELOPMENT FUND PAYMENTS TO SUPPLEMENT ATHLETIC DEPARTMENT SALARIES, OPERATING TRANSFERS TO HELP PAY STUDENT ATHLETE SCHOLARSHIPS, ON BEHALF OF DISBURSEMENTS TO SUPPORT VARIOUS OTHER SPORT NEEDS, UNIVERSITY PRESIDENTAL TRANSFERS TO SUPPLEMENT THE FUNDRAISING EFFORTS OF THE UNIVERSITY PRESIDENT, RESTRICTED DISBURSEMENTS MADE BY INDIVIDUAL SPORTS FROM SPECIFIC RESTRICTED ACCOUNTS TO ALLOW CONTINUED INCREASED PERFORMANCE IN EACH SPORT, AND TRANSFERS OF FUNDS COLLECTED TO PAY THE DEBT SERVICE OF FSU FINANCIAL ASSISTANCE. 944483 OTHER EXPENDITURES INCLUDE DISBURSEMENTS MADE FOR CAPITAL PROJECTS COMPLETED FOR THE FLORIDA STATE UNIVERSITY DEPARTMENT OF ATHLETICS AS WELL AS FACILITIES MAINTENANCE EXPENSES INCURRED TO KEEP FACILITIES FUNCTIONAL DURING THE FISCAL YEAR. 24834577 OTHER PROGRAM EXPENDITURES INCLUDE DISBURSEMENTS THAT FURTHER THE MISSION OF THE SEMINOLE BOOSTERS, INCLUDING EXPENSES FOR VARIOUS BANQUETS AND EVENTS, SPRING TOUR EXPENDITURES, COSTS TO ADMINISTER THE ROYALTY PROGRAM, ADDITIONAL SCHOLARSHIP EXPENDITURES, AS WELL AS VARIOUS OTHER EXPENDITURES THAT PROMOTE THE EDUCATION, HEALTH AND PHYSICAL WELFARE OF STUDENTS AT FLORIDA STATE UNIVERSITY. 49001079 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 206 0 73 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 59 56 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X X ORGANIZATION FSU 8506448803 UNIVERSITY CENTER SUITE C-5100 TALLAHASSEE FL 32306 DIANA AZOR DIRECTOR 0.25 X 0 0 0 BYRON BAILEY DIRECTOR 0.25 X 0 0 0 WILLIAM BELL DIRECTOR 0.25 X 0 0 0 JAMES BOYD DIRECTOR 0.25 X 0 0 0 EDWARD BURR DIRECTOR 0.25 X 0 0 0 KEVIN CARPENTER DIRECTOR 0.25 X 0 0 0 DAVID COBURN DIRECTOR 0.25 40.00 X 0 294962 28316 ELEANOR CONNAN DIRECTOR 0.25 X 0 0 0 MARILYN COX DIRECTOR 0.25 X 0 0 0 JOHN CROWE TREASURER 0.25 X X 0 0 0 CILF CURRY DIRECTOR 0.25 X 0 0 0 WILLIAM DAWKINS DIRECTOR 0.25 X 0 0 0 EUGENE DAVIS CHAIR ELECT 0.25 X X 0 0 0 MARY DEMETREE DIRECTOR 0.25 X 0 0 0 CRAIG DEWHURST DIRECTOR 0.25 X 0 0 0 CHARLES DUDLEY DIRECTOR 0.25 X 0 0 0 ALBERT DUNLAP DIRECTOR 0.25 X 0 0 0 DOUGLAS DUNLAP DIRECTOR 0.25 X 0 0 0 LINDA DUPREE DIRECTOR 0.25 X 0 0 0 DONALD EVERETT DIRECTOR 0.25 X 0 0 0 ALAN FLAUMENHAFT DIRECTOR 0.25 X 0 0 0 ROBERT FREY SECRETARY 0.25 X X 0 0 0 ERIC FRIALL DIRECTOR 0.25 X 0 0 0 ERNIE GARCIA DIRECTOR 0.25 X 0 0 0 CHRIS GARRISON DIRECTOR 0.25 X 0 0 0 JAMES GRAGANELLA DIRECTOR 0.25 X 0 0 0 WILLIAM HAGEN DIRECTOR 0.25 X 0 0 0 KEVIN HAWKINS DIRECTOR 0.25 X 0 0 0 DANIEL HENDRIX DIRECTOR 0.25 X 0 0 0 NAN HILLIS DIRECTOR 0.25 X 0 0 0 NICHOLAS IAROSSI DIRECTOR 0.25 X 0 0 0 KRISTOPHER INCHCOMB DIRECTOR 0.25 X 0 0 0 THOMAS JENNINGS DIRECTOR 0.25 40.00 X 0 370455 42010 ROBERT JOHNSON DIRECTOR 0.25 X 0 0 0 CHRISTOPHER KRAFT DIRECTOR 0.25 X 0 0 0 PETER LAW DIRECTOR 0.25 X 0 0 0 BRETT LINDQUIST DIRECTOR 0.25 X 0 0 0 SCOTT MADDEN DIRECTOR 0.25 X 0 0 0 JOHN MCCANN DIRECTOR 0.25 X 0 0 0 RICHARD MCMULLEN DIRECTOR 0.25 X 0 0 0 BRIAN MURPHY DIRECTOR 0.25 X 0 0 0 MAX OLIGARIO DIRECTOR 0.25 X 0 0 0 PARRISH OWENS DIRECTOR 0.25 X 0 0 0 WARNER PEACOCK DIRECTOR 0.25 X 0 0 0 PAM PERREWE DIRECTOR 0.25 40.00 X 0 232686 29106 CRAIG RAMSEY DIRECTOR 0.25 X 0 0 0 DOUGLAS RUSSELL CHAIRMAN 0.25 X X 0 0 0 MARK SHELNUTT DIRECTOR 0.25 X 0 0 0 DELORES SPEARMAN DIRECTOR 0.25 X 0 0 0 JAMES STEINER DIRECTOR 0.25 X 0 0 0 WILLIAM STEPHENSON DIRECTOR 0.25 X 0 0 0 MICHAEL SUMMEY DIRECTOR 0.25 X 0 0 0 NYLAH THOMPSON DIRECTOR 0.25 X 0 0 0 GARY THURSTON IMMEDIATE PAST CHAIR 0.25 X X 0 0 0 PHILIP TROYER DIRECTOR 0.25 X 0 0 0 NADA USINA DIRECTOR 0.25 X 0 0 0 WADE WALLACE DIRECTOR 0.25 X 0 0 0 RICHARD WELCH DIRECTOR 0.25 X 0 0 0 JERRY WILLIAMS DIRECTOR 0.25 X 0 0 0 ANDY MILLER PRESIDENT/EXECUTIVE DIRECTOR 40.00 10.00 X X 341744 0 48254 JP SINCLAIR CHIEF FINANCIAL OFFICER 40.00 X 113965 0 18995 GREG HULEN EXECUTIVE VP 40.00 X 240614 0 17002 ERIC CARR VICE PRESIDENT 40.00 X 183407 0 18237 TOM CARLSON SENIOR VP 40.00 X 182015 0 23284 WILLIAM SEXTON DIRECTOR 40.00 X 173996 0 19752 MIKE DASHER SENIOR VP 40.00 X 168114 0 21513 1403855 898103 266469 7 1 1 0 MADISON STREET DEVELOPMENT LLC 421 N ANDREW AVENUE FORT LAUDERDALE FL 33301 CONSTRUCTION 1153729 BIG BEN BUILDERS LLC PO BOX 15877 TALLAHASSEE FL 32317 CONSTRUCTION 618882 WHIRLPOOL CORPORATION PO BOX 88129 CHICAGO IL 60695 APPLIANCES 380029 UNITED HEALTHCARE PO BOX 959782 ST LOUIS MO 63195 HEALTH INSURANCE 375078 IRWIN SEATING COMPANY PO BOX 78000 DETROIT MI 48278 STADIUM SEATS 273144 5 366409 59943946 60310355 UNIV. CENTER CLUB 900099 8081473 8081473 STADIUM CONCESSION 900099 2208377 2208377 VARSITY CLUB REVENUE 900099 1057952 1057952 SKYBOX REVENUE 900099 220899 220899 51 ON MADISON INCOME 900099 32809 32809 11601510 243488 243488 3507992 3507992 10122471 7765346 2357125 2357125 1846859 510266 4785382 370925 4414457 4414457 4414457 725010 894769 -169759 -169759 EVENT REVENUE 900099 611234 611234 MUTLIMEDIA CONTRACTUAL INCOME 900099 282828 282828 UNRESTRICTED OTHER REVENUE 900099 148389 148389 -71491 -71491 970960 83236128 12212744 1846859 8866170 534887 26744 304996 203147 3798117 189906 2165709 1442502 363629 18182 123952 221495 466872 23344 268694 174834 296324 14816 168966 112542 34585 22351 12234 135938 81563 54375 190758 190758 305294 26959 167001 111334 121306 121306 1336634 825014 511620 77244 46346 30898 69996 69996 852561 766590 85971 24483 24483 822525 11956 810569 23222019 23222019 876495 876495 159781 95869 63912 BAD DEBTS 9654126 9654126 UCC EXPENSES 8334301 8334301 OTHER PROGRAM EXPENSES 2337595 2337595 ATHLETIC PROGRAM 2142081 2142081 2723467 1140180 1113475 469812 58881018 49001079 6385263 3494676 363126 576967 10001368 16006242 64504948 73076070 4045096 2432089 36702453 63877302 121107 161368 286948 305543 117894542 7151746 34386191 110742796 32778834 32633744 100000 100000 72081572 13331020 255371643 313243141 1243302 6887500 34146110 28594602 72809728 105374755 4026227 4016860 112225367 144873717 X 0 0 0 0 143146276 168369424 143146276 168369424 255371643 313243141 X 24355110 732116 102503 33419 X 0 1 X 1 0 X 28561378 24951553 35507824 39755902 60310355 189087012 28561378 24951553 35507824 39755902 60310355 189087012 10450369 178636643 5263796 5890335 5560343 11559037 13873951 42147462 8174167 1165424 1097564 1021944 801201 12260300 243494774 0.73360 0.71510 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2014 AMOUNT: $ 639,799. 2015 AMOUNT: $ 38,371. 2016 AMOUNT: $ 21,086. 2017 AMOUNT: $ 50,552. 2018 AMOUNT: $ 148,389. MULTIMEDIA INCOME - 2014 AMOUNT: $ 6,227,280. 2015 AMOUNT: $ 381,601. 2016 AMOUNT: $ 282,828. 2017 AMOUNT: $ 282,828. 2018 AMOUNT: $ 282,828. SKYBOX SALES - 2014 AMOUNT: $ 192,705. RENT - 2014 AMOUNT: $ 150,226. GRILL SEAT REVENUE - 2014 AMOUNT: $ 183,472. 2015 AMOUNT: $ 802,867. 2016 AMOUNT: $ 756,657. 2017 AMOUNT: $ 688,564. 2018 AMOUNT: $ 441,475. INSURANCE PROCEEDS - 2014 AMOUNT: $ 662,838. BAD DEBT RECOVERY - 2014 AMOUNT: $ 117,847. 2015 AMOUNT: $ -57,415. 2016 AMOUNT: $ 36,993. 2018 AMOUNT: $ -71,491. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 77270170 3196173 3787921 2713087 2138206 79402971 75598888 1384093 3386195 1110313 1988693 77270170 70584620 3966596 6582511 4352580 1182259 75598888 69234648 2457345 228559 1164761 171175 70584616 69071059 4895560 -2373940 1784732 573299 69234648 0.29490 0.56430 0.14080 1 1 1 11973449 16073182 28046631 10170194 71412476 866955 80715715 3861111 2036026 1825085 3091699 3025648 66051 1312431 1223117 89314 110742796 OTHER LIABILITIES 422632 DUE TO FSU FOUNDATION 3410000 DUE TO UCC MANAGEMENT COMPANY 184228 4016860 PART V, LINE 4 THE INTENDED USE OF THE ENDOWMENT IS TO FUND ATHLETICS, WHICH INCLUDES SCHOLARSHIPS FOR FLORIDA STATE UNIVERSITY STUDENT-ATHLETES IN EVERY NCAA SANCTIONED SPORT IN WHICH FLORIDA STATE UNIVERSITY PARTICIPATES. GOLF TOURNAMENT 92609 92609 36851 55758 GOLF TOURNAMENT 55953 55953 31086 48613 8 576448 576448 850 52 301305 420254 725010 725010 850 52 369242 524625 894769 -169759 X X X X X 0 1 0 0 0 0 0 0 0 DAVID COBURN DIRECTOR 0 230456 0 64506 0 0 0 11667 0 16649 0 323278 0 0 THOMAS JENNINGS DIRECTOR 0 357294 0 7161 0 6000 0 23561 0 18449 0 412465 0 0 PAM PERREWE DIRECTOR 0 218471 0 0 0 14215 0 19882 0 9224 0 261792 0 0 ANDY MILLER PRESIDENT/EXECUTIVE DIRECTOR 251210 0 83334 0 7200 0 31009 0 17245 0 389998 0 0 0 GREG HULEN EXECUTIVE VP 175863 0 58631 0 6120 0 11338 0 5664 0 257616 0 0 0 ERIC CARR VICE PRESIDENT 104059 0 78628 0 720 0 12573 0 5664 0 201644 0 0 0 TOM CARLSON SENIOR VP 149208 0 32519 0 288 0 17620 0 5664 0 205299 0 0 0 WILLIAM SEXTON DIRECTOR 115600 0 56596 0 1800 0 14088 0 5664 0 193748 0 0 0 MIKE DASHER SENIOR VP 130633 0 36041 0 1440 0 15849 0 5664 0 189627 0 0 0 PART I, LINE 4B NONQUALIFIED RETIREMENT PLAN ANDY MILLER $50,000 THE BENEFITS UNDER THE PLAN ARE FUNDED THROUGH A LIFE INSURANCE POLICY. THE ABOVE AMOUNT REPRESENTS THE INSURANCE PREMIUMS PAID ON THE LIFE INSURANCE POLICY FOR THE 2018 CALENDER YEAR. TO DATE NO BENEFITS AMOUNTS HAVE BEEN DISPERSED UNDER THIS PLAN. X 46 2306628 MARKET VALUE X 2 1544250 APPRAISED VALUE X 7 4543537 APPRAISED VALUE 3 0 0 1 PART I, LINE 32B: SEMINOLE BOOSTERS, INC. HAS AN AGREEMENT WITH REAL ESTATE INSYNC TO HELP MANAGE THEIR PROPERTIES. THIS INCLUDES HELPING WITH THE DISPOSITION OF NONCASH CONTRIBUTIONS RECEIVED BY THE BOOSTERS. THE AGREEMENT INCLUDES A MONTHLY FEE OF $2,750 PER MONTH. ADDITIONALLY, THE SEMINOLES BOOSTERS WILL ENGAGE VARIOUS REAL ESTATE AGENTS TO HELP WITH THE SALE OF RESIDENTIAL AND COMMERCIAL PROPERTIES. THE TERMS OF THESE AGREEMENTS VARY, BUT TYPICALLY INCLUDE A FEE FOR THE AGENT FOR SELLING THE PROPERTY. FORM 990, PART VI, SECTION B, LINE 11B THE CFO REVIEWS FORM 990 WITH THE TREASURER AND RESOLVES ANY ISSUES OR QUESTIONS WITH THE INDEPENDENT ACCOUNTING FIRM THAT PREPARES THE FORMS. THE BOARD OF DIRECTORS HAS DELEGATED TO THE FINANCE AND BUDGET COMMITTEE AND AUDIT COMMITTEE HAS THE RESPONSIBILITY FOR THE FINAL REVIEW OF THE FORM 990. THE FINANCE AND BUDGET COMMITTEE, AUDIT COMMITTEE, AND TREASURER REVIEW THE FORM 990 BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. THE IS DONE CONCURRENTLY WITH MANAGEMENT AND ANY QUESTIONS AS A RESULT OF THAT REVIEW ARE ANSWERED. NO FURTHER REVIEW BY THE BOARD IS REQUIRED BEFORE THE FORMS ARE FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD OF DIRECTORS ARE REQUIRED TO DISCLOSE ANNUALLY TO THE CHAIRMAN ANY KNOWN OR POTENTIAL CONFLICTS OF INTEREST. THE CHAIRMAN ENSURES THAT ALL CONFLICTS ARE RESOLVED. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE ESTABLISHES COMPENSATION FOR MANAGEMENT OF SEMINOLE BOOSTERS, INC. THE COMPENSATION COMMITTEE USES THE FOLLOWING TO ESTABLISH COMPENSATION FOR MANAGEMENT OF SEMINOLE BOOSTERS: 1) WRITTEN EMPLOYMENT CONTRACT 2) INDEPENDENT COMPENSATION CONSULTANT 3) COMPENSATION SURVEY OR STUDY 4) FORM 990 OF OTHER ORGANIZATIONS 5) COMPENSATION COMMITTEE SUBMITS RECOMMENDATIONS FOR BOARD APPROVAL. THE LAST COMPENSATION STUDY WAS PERFORMED IN 2018. THE WAGES FOR THE CEO WERE REVIEWED AND APPROVED DURING THE 06/30/2018 FISCAL YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THREE MOST CURRENT YEARS OF FINANICAL STATEMENTS AND FORM 990S AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: IN-KIND REVENUE 648,086. IN-KIND EXPENSE -614,667. T'ALLEY PROPERTIES PO BOX 1353 TALLAHASSEE FL 32302 453781855 REAL ESTATE FL -501910 4839528 N/A COLLEGETOWN INVESTMENT FUND LLC PO BOX 1353 TALLAHASSEE FL 32302 453280651 REAL ESTATE FL 3459167 26568539 N/A TEN G&G LLC PO BOX 1353 TALLAHASSEE FL 32302 453784394 REAL ESTATE FL 0 0 N/A FSU FINANCIAL ASSISTANCE INC PO BOX 1353 TALLAHASSEE FL 32302 592477517 BOND FINANCE FL 501(C)(3) LINE 11 N/A 0 FLORIDA STATE UNIVERSITY A2201 UNIVERSITY CENTER TALLAHASSEE FL 32306 591961248 EDUCATION FL 501(C)(3) LINE 2 N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 1 0 FSU FINANCIAL ASSISTANCE E 3141671 ACTUAL FLORIDA STATE UNIVERSITY R 23222019 ACTUAL FSU FINANCIAL ASSISTANCE O IN-KIND FLORIDA STATE UNIVERSITY N IN-KIND FLORIDA STATE UNIVERSITY E 264897 ACTUAL