2020-04-29T17:50:26-05:00 2019-06-30 420714325 RSM US LLP 7351 OFFICE PARK PL MELBOURNE FL 329408229 990 2018-07-01 596152180 THE FLORIDA STATE UNIVERSITY FOUNDATION INC FLOR 8506446000 325 W COLLEGE AVENUE TALLAHASSEE FL 32301 HOLLY NEWELL CFO/ASSISTANT TREASURER 8506446000 2020-04-29 1 JULIANA KREUL P01204534 3217516200 68.227.37.159 2020-04-29 17:41:42 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 40AE8FA7C6A25CAECA7F57205DD94C425C84315C 2018 2020-09-23 17:36:50Z THOMAS W JENNINGS 325 W COLLEGE AVENUE TALLAHASSEE FL 32301 155520200 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. 47 42 124 531 0 -1538512 46802286 56857526 915747 801059 13366361 22067348 2166981 2184351 63251375 81910284 24173438 30285238 0 0 13235172 12169715 485570 410108 9954588 21232321 29237228 59126501 72102289 4124874 9807995 742879174 750191436 28345568 38833956 714533606 711357480 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 48066739 30285238 2887064 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. 48066739 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 314 0 124 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 47 42 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 HOLLY NEWELL 8506446000 325 W COLLEGE AVENUE TALLAHASSEE FL 32301 X THOMAS W JENNINGS TRUSTEE/PRESIDENT 12.00 40.00 X X 0 367820 44065 DAVID B LANE TRUSTEE/CHAIR 1.00 X X 0 0 0 NANCY MCKAY TRUSTEE/CHAIR ELECT 1.00 X X 0 0 0 LOUIS C TAORMINA TRUSTEE/TREASURER 1.00 X X 0 0 0 NAN C HILLIS TRUSTEE/SECRETARY 1.00 X X 0 0 0 DONNA M ABOOD TRUSTEE 1.00 X 0 0 0 FLORENCE H ASHBY TRUSTEE 1.00 X 0 0 0 KATHRYN E BALLARD TRUSTEE/EX OFFICIO V, FSU BOT 1.00 1.00 X 0 0 0 BRETT A BRACIAK TRUSTEE 1.00 X 0 0 0 KEITH D CARR TRUSTEE, CHAIR, AUDIT COMMITTEE 1.00 X 0 0 0 DEAN L CASH TRUSTEE 1.00 X 0 0 0 TIMOTHY A COLE TRUSTEE 1.00 X 0 0 0 PETER H COLLINS TRUSTEE, CHAIR, INVESTMENT COMMITTEE 1.00 X 0 0 0 THOMAS M CULLIGAN TRUSTEE 1.00 X 0 0 0 JULIE D EICHENBERG TRUSTEE 1.00 X 0 0 0 ANDREA K FRIALL TRUSTEE 1.00 X 0 0 0 JEFFREY D GARGIULO TRUSTEE 1.00 X 0 0 0 FRANKLIN L HAGENBECK TRUSTEE, CHAIR, DONOR STEWARDSHIP COMMITTEE 1.00 X 0 0 0 ANNE HAMILTON-HOLD TRUSTEE 1.00 X 0 0 0 MARION J HARGETT TRUSTEE 1.00 X 0 0 0 KRISTINE C HARPER TRUSTEE/EX OFFICIO V, FACULTY SENATE PRESIDENT 1.00 40.00 X 0 94561 17645 MICHAEL D HARTLINE TRUSTEE/EX OFFICIO V, CHAIR, DEANS DEV COMM 1.00 40.00 X 0 384206 43837 JOHN T HERNDON TRUSTEE 1.00 X 0 0 0 MART P HILL TRUSTEE 1.00 X 0 0 0 WILLIAM T HOLD TRUSTEE 1.00 X 0 0 0 PAUL G HUDSON TRUSTEE 1.00 X 0 0 0 CHRISTOPHER E IANSITI TRUSTEE, CHAIR, DEVELOPMENT COMMITTEE 1.00 X 0 0 0 PETER D JONES TRUSTEE 1.00 X 0 0 0 RUSSELL T KOHL TRUSTEE 1.00 X 0 0 0 STUART G LASHER TRUSTEE 1.00 X 0 0 0 WILLIAM C LLOYD TRUSTEE 1.00 X 0 0 0 JOHN M LUSK TRUSTEE, CHAIR, FINANCE COMMITTEE 1.00 X 0 0 0 STEPHANIE L LYNCH TRUSTEE 1.00 X 0 0 0 ROBERT B MANG TRUSTEE 1.00 X 0 0 0 THOMAS M MCALPIN TRUSTEE 1.00 X 0 0 0 WAYNE M MESSAM TRUSTEE 1.00 X 0 0 0 STEVEN J MUDDER TRUSTEE 1.00 X 0 0 0 FRANCIS J NARDOZZA TRUSTEE 1.00 X 0 0 0 SEAN PITTMAN TRUSTEE 1.00 X 0 0 0 MICHAEL C POLAND TRUSTEE 1.00 X 0 0 0 SHERRILL W RAGANS TRUSTEE 1.00 X 0 0 0 CRAIG A REUTLINGER TRUSTEE 1.00 X 0 0 0 MATHEW A ROMAN TRUSTEE/EX OFFICIO V, CHAIR, STUDENT FOUNDATION 1.00 0.50 X 0 0 0 JOHN W THIEL TRUSTEE 1.00 X 0 0 0 JOHN E THRASHER TRUSTEE/EX OFFICIO V, FSU PRESIDENT 1.00 40.00 X 0 997830 264523 ELIZABETH J WALTERS TRUSTEE 1.00 X 0 0 0 ASHBEL C WILLIAMS TRUSTEE 1.00 X 0 0 0 TODD ADAMS PARTIAL YEAR TRUSTEE/EX OFFICIO V, FACULTY SENATE PRESIDENT 1.00 40.00 X 0 135097 33302 CARLTON DISALVO PARTIAL YEAR TRUSTEE/EX OFFICIO V, CHAIR, STUDENT FOUNDATION 1.00 0.00 X 0 0 0 ANDY A JHANJI EXECUTIVE VP 40.00 X 281675 0 63684 HOLLY NEWELL CFO/ASSISTANT TREASURER 40.00 6.00 X 0 155793 39089 THOMAS W BLOCK VP ADV RELATIONS/ACT ASST SECRETARY 40.00 X 0 111707 31881 PERRY FULKERSON VP CENTRAL DEVELOPMENT 40.00 X 212210 0 48414 BRANDON MCCRAY ASSOC. VP CONSTITUENT PROGRAMS 40.00 X 164897 0 42555 ANNA VON GEHR CO ADV & EXTERNAL AFFAIRS, RINGLING 40.00 1.00 X 153356 0 45197 MICHELLE MATTOX ASST. VP CENTRAL DEVELOPMENT 40.00 X 148185 0 28569 JAMES A MCNEILL ASST. DEAN DEVELOPMENT, MEDICINE 40.00 X 146659 0 36407 1106982 2247014 739168 15 0 1 0 CAMBRIDGE ASSOCIATES PO BOX 10317 UNIONDALE NY 115550317 INVESTMENT CONSULTING 1123981 SODEXO LEGACY CATERING AT FSU 945 W JEFFERSON ST TALLAHASSEE FL 32306 CATERING SERVICES 535088 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 503030718 FUNDRAISING SERVICES 489449 UNIVERSITY CENTER CLUB PO BOX 1698 TALLAHASSEE FL 323021698 CATERING SERVICES 255569 COMMERCIAL DESIGN SERVICES 5805 BARRY RD TAMPA FL 33634 FURNITURE DESIGN SERVICES 207070 16 102852 11075460 1896781 43782433 1466198 56857526 REGISTRATION/ADMIN 900099 552553 552553 SPONSORSHIPS 900099 248506 248506 801059 8219757 8219757 105060 105060 87400365 73552774 13847591 13847591 13847591 50428 102852 57142 -6714 -6714 MISCELLANEOUS 900099 2086005 2086005 2086005 81910284 2887064 0 22165694 30285238 30285238 1089243 193596 895647 8079841 3078967 5000874 932780 324149 608631 1422020 563463 858557 645831 235037 410794 47821 23708 24113 207326 33888 173438 74332 74332 410108 410108 8034317 8034317 4238628 3910660 174165 153803 1442650 1297677 3611 141362 3317130 2345399 486310 485421 166498 83273 80967 2258 1044022 792142 251000 880 3746220 3252206 24726 469288 291223 238978 7891 44354 188726 188726 172081 64920 107106 55 CAMPUS & DONOR EVENTS 3885170 3544818 12423 327929 MEMBERSHIP DUES & FEES 690451 634807 12296 43348 BOOKS, JOURNALS, & SUBS 478955 306625 73096 99234 1211678 1178068 31565 2045 72102289 48066739 14080962 9954588 11477455 12819508 46835719 45143281 74308958 63899866 109940 79049 619733 360592 8383911 2586382 5820249 5797529 576349377 595486378 27357743 26605233 742879174 750191436 1824071 827999 6500000 1103424 3629732 3394387 16391765 33508146 28345568 38833956 X 224501168 209531537 0 2403142 490032438 499422801 714533606 711357480 742879174 750191436 X 9807995 11113015 -24097136 X X 0 1 X 1 0 X 57370590 111122036 41108276 46802286 56857526 313260714 57370590 111122036 41108276 46802286 56857526 313260714 72918389 240342325 4364168 4406630 5690444 5738329 8324817 28524388 2497446 3061682 2398983 2200920 2136433 12295464 354080566 4714774 0.67880 0.66900 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER - 2014 AMOUNT: $ 2,262,460. 2015 AMOUNT: $ 2,991,027. 2016 AMOUNT: $ 2,348,896. 2017 AMOUNT: $ 2,143,322. 2018 AMOUNT: $ 2,086,005. GROSS INCOME FROM FUNDRAISING EVENTS - 2014 AMOUNT: $ 234,986. 2015 AMOUNT: $ 70,655. 2016 AMOUNT: $ 50,087. 2017 AMOUNT: $ 57,598. 2018 AMOUNT: $ 50,428. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 74332 0 0 74332 0 PART II-B, LINE 1: FEES OF $74,332 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. 490032438 14340306 18162684 5264696 10974872 6873059 499422801 466262833 10533296 37763452 5041974 11036325 8448844 490032438 428194012 12449948 50805872 5256742 10985292 8944965 466262833 451100435 12957232 -10581743 5372728 11449103 8460081 428194012 471320561 9927989 -5215109 5000792 11334496 8597718 451100435 0.05160 0.87540 0.07300 0 0 1619876 1619876 4305164 329978 3975186 2458871 2256404 202467 5797529 MARKETABLE SECURITIES 9492778 F FIXED INCOME 52815742 F EQUITIES 316453877 F HEDGE FUNDS 100759549 F LIMITED PARTNERSHIPS 103402330 F REAL ASSETS 12562102 F 595486378 AGENCY LIABILITIES 9743595 ANNUITY OBLIGATIONS 5460292 SPLIT-INTEREST AGREEMENTS FOR REMAINDER INTERESTS 3297808 TRUSTS HELD BY OTHERS 9949267 DUE TO RELATED ORGANIZATIONS 5057184 33508146 X 85046124 11113015 57142 11170157 73875967 8034317 8034317 81910284 64125114 57142 57142 64067972 8034317 8034317 72102289 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 57,142. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 57,142. CENTRAL AMERICA/ CARIBBEAN 0 0 INVESTMENTS N/A 110754546 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS N/A 7491325 0 0 0 0 0 0 118245871 0 118245871 1 0 1 1 1 0 X X 1 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 50303 PHONE SOLICITATION 0 456392 410108 46284 456392 410108 46284 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 PANAMA CITY CAMPUS GOLF TOURNAMENT 46490 40090 6400 1800 3750 3600 7236 5606 JUSTIN SISSON 5K 23205 13085 10120 3528 2659 5 75774 46342 29432 200 2039 4608 10038 4465 3995 145469 99517 45952 2000 9317 8208 17274 4465 12260 53524 -7572 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 29925390 144200 FMV RESEARCH EQUIPMENT SUPPORT SCHOLARSHIPS AND UNIVERSITY PROGRAMS FLORIDA PREPAID COLLEGE FOUNDATION PO BOX 31088 TAMPA FL 33631 593012202 501(C)3 40648 STUDENT SCHOLARSHIPS FOR ACADEMIC SUPPORT THE FLORIDA STATE UNIVERSITY ALUMNI ASSOCIATION 1030 W TENNESSEE STREET TALLAHASSEE FL 32304 590705420 501(C)3 125000 SUPPORT FOR THE ALUMNI ASSOCIATION SEMINOLE CLUBS FSU REAL ESTATE FOUNDATION 325 WEST COLLEGE AVENUE TALLAHASSEE FL 32301 452337977 501(C)3 50000 SUPPORT FOR THE REAL ESTATE FOUNDATION 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 1 0 THOMAS W JENNINGS TRUSTEE/PRESIDENT 0 354659 0 7161 0 6000 0 23561 0 20690 0 412071 0 0 MICHAEL D HARTLINE TRUSTEE/EX OFFICIO V, CHAIR, DEANS D 0 359302 0 0 0 24904 0 23616 0 20263 0 428085 0 0 JOHN E THRASHER TRUSTEE/EX OFFICIO V, FSU PRESIDENT 0 573458 0 300000 0 124372 0 244704 0 34468 0 1277002 0 0 TODD ADAMS PARTIAL YEAR TRUSTEE/EX OFFICIO V, FACULTY SENATE 0 135097 0 0 0 0 0 11973 0 21373 0 168443 0 0 ANDY A JHANJI EXECUTIVE VP 269026 0 5249 0 7400 0 39428 0 24808 0 345911 0 0 0 HOLLY NEWELL CFO/ASSISTANT TREASURER 0 152590 0 3203 0 0 0 13664 0 25532 0 194989 0 0 PERRY FULKERSON VP CENTRAL DEVELOPMENT 208042 0 4168 0 0 0 31309 0 17106 0 260625 0 0 0 BRANDON MCCRAY ASSOC. VP CONSTITUENT PROGRAMS 161608 0 3289 0 0 0 18115 0 24691 0 207703 0 0 0 ANNA VON GEHR CO ADV & EXTERNAL AFFAIRS, RINGLING 150424 0 2932 0 0 0 23168 0 22665 0 199189 0 0 0 MICHELLE MATTOX ASST. VP CENTRAL DEVELOPMENT 145085 0 2900 0 200 0 19941 0 8743 0 176869 0 0 0 JAMES A MCNEILL ASST. DEAN DEVELOPMENT, MEDICINE 143262 0 2897 0 500 0 21761 0 14993 0 183413 0 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 IS EMPLOYED BY THE UNIVERSITY AND 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 THE FOUNDATION PRESIDENT, THOMAS W. JENNINGS, IS AN EMPLOYEE OF FLORIDA STATE UNIVERSITY. HIS COMPENSATION 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. PART I, LINE 7 ELIGIBLE EMPLOYEES MAY HAVE RECEIVED A ONE-TIME, NONRECURRING PERFORMANCE BONUS EQUAL TO 2% OF THEIR ANNUAL BASE RATE OF PAY. ADDITIONALLY, A MERIT POOL BASED ON 1% OF EMPLOYEES' SALARIES WAS USED TO DISTRIBUTE MERIT INCREASES TO ELIGIBLE EMPLOYEES BASED ON THE BUSINESS NEEDS OF THE UNIVERSITY. SCHEDULE J, PART II DURING THE CALENDAR YEAR ENDED 2018, 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 TODD ADAMS TRUSTEE/EX OFFICIO V, FACULTY SENATE PRESIDENT THOMAS BLOCK VP ADV. RELATIONS/ACTING ASST. SECRETARY MICHAEL D. HARTLINE TRUSTEE/EX OFFICIO V, CHAIR, DEANS DEV. COMM. JOHN E. THRASHER TRUSTEE/EX OFFICIO V, FSU PRESIDENT KRISTINE C. HARPER TRUSTEE/EX OFFICIO V, FACULTY SENATE PRESIDENT 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 JOHN E. THRASHER, DR. TODD ADAMS, DR. KRISTINE C. HARPER, AND DR. MICHAEL D. HARTLINE 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 ALSO HOLDS THE TITLE OF VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT AT FLORIDA STATE UNIVERSITY. IN THIS ROLE, HE OVERSEES THE ACTIVITIES OF FOUR DIRECT SUPPORT ORGANIZATIONS OF THE UNIVERSITY, INCLUDING THE ACTIVITIES OF THE FSU FOUNDATION. THE OTHER THREE 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 CHIEF FINANCIAL OFFICER AND TREASURER OF THE FSU REAL ESTATE FOUNDATION. IN THIS ROLE, SHE OVERSEES THE ACCOUNTING OF THE ORGANIZATION, A RELATED ORGANIZATION OF THE FSU FOUNDATION. DR. TODD ADAMS SERVED AS FACULTY SENATE PRESIDENT UNTIL APRIL 2019. DR. KRISTINE C. HARPER BEGAN SERVING AS FACULTY SENATE PRESIDENT IN APRIL 2019. DURING THE FISCAL YEAR ENDED JUNE 30, 2019, ALL EMPLOYEES OF THE FSU FOUNDATION TRANSITIONED TO EMPLOYEES OF FLORIDA STATE UNIVERSITY, A RELATED ORGANIZATION,. THIS CHANGE WAS EFFECTIVE DECEMBER 14, 2018. X 10 APPRAISAL X 63 1466198 SALE OF COMPARABLES 1 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF UNIQUE CONTRIBUTIONS RECEIVED. PART I, LINE 33: AS SET FORTH IN GASB 34, THE FOUNDATION DOES NOT RECOGNIZE AS REVENUE: CONTRIBUTIONS OF WORKS OF ART, HISTORICAL TREASURES, AND SIMILAR ASSETS THAT ARE ADDED TO COLLECTIONS HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN. ALL DONATIONS OF COLLECTIONS ARE TRANSFERRED TO FLORIDA STATE UNIVERSITY AT THE TIME OF THE GIFT. THEREFORE, THE FAIR VALUE OF DONATED COLLECTIONS OF ART, HISTORICAL TREASURES AND SIMILAR ITEMS ARE NOT REFLECTED IN THE AUDITED FINANCIAL STATEMENTS. THE FOUNDATION RECEIVED DONATIONS OF PAINTINGS, SCULPTURES, PHOTOGRAPHS, MEMORABILIA AND SIMILAR ITEMS WITH A VALUE OF $5,094,660 AND $997,609, FOR THE YEARS ENDED JUNE 30, 2019 AND 2018, RESPECTIVELY. 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 HAD A FAMILY RELATIONSHIP DURING THE TIME PERIOD COVERED BY THIS TAX FILING PERIOD: ANNE HAMILTON-HOLD AND WILLIAM T. HOLD LOUIS C. TAORMINA AND MARION J. HARGETT FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS A TRUSTEESHIP 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 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 FOR CALENDAR YEAR 2018, THE TOP MANAGEMENT AND OFFICERS REPORTED ON THE FSU FOUNDATION FORM 990 ARE COMPRISED OF THREE EMPLOYEES OF FLORIDA STATE UNIVERSITY AND THE REMAINDER ARE EMPLOYEES OF THE FSU FOUNDATION. EFFECTIVE DECEMBER 14, 2018, ALL EMPLOYEES OF THE FSU FOUNDATION TRANSITIONED TO EMPLOYEES OF FLORIDA STATE UNIVERSITY, A RELATED ORGANIZATION. FOR EMPLOYEES OF FLORIDA STATE UNIVERSITY, 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. FOR EMPLOYEES OF THE FSU FOUNDATION, VARIOUS INDUSTRY SURVEYS OF SALARIES AT COMPARABLE UNIVERSITY RELATED ADVANCEMENT ORGANIZATIONS AND OTHER SOURCES WITH COMPARABLE POSITIONS ARE UTILIZED TO DETERMINE COMPENSATION FOR NEW HIRES AND TO PERIODICALLY VALIDATE CURRENT SALARY LEVELS TO DECIDE IF ADJUSTMENTS ARE NECESSARY. 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, COLUMN E: BOARD MEMBER JOHN E. THRASHER IS AN EMPLOYEE OF FLORIDA STATE UNIVERSITY, A RELATED ORGANIZATION. HE IS NOT COMPENSATED BY THE FLORIDA STATE UNIVERSITY FOUNDATION NOR DOES HE PERFORM SERVICES FOR THE FOUNDATION AS A UNIVERSITY EMPLOYEE. 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 XI, LINE 9: EFFECT OF IMPLEMENTING THE GASB REPORTING MODEL -24,097,136. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE TO THE PROCESS FROM THE PRIOR YEAR. FORM 990, PART XI, LINE 9 PRIOR TO JULY 1, 2018, THE FOUNDATION PRESENTED ITS FINANCIAL STATEMENTS UNDER THE ACCOUNTING AND FINANCIAL REPORTING STANDARDS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB). ON MARCH 11, 2018, THE FLORIDA LEGISLATURE PASSED AND THE GOVERNOR SIGNED INTO LAW CHAPTER 2018-004, LAWS OF FLORIDA, A PROVISION THAT CHANGED SECTION 1004.28, FLORIDA STATUTES, WHICH ADDRESSES UNIVERSITY DIRECT SUPPORT ORGANIZATIONS. WITH THIS CHANGE, THE UNIVERSITY BOARD OF TRUSTEES MUST APPROVE ALL DIRECT SUPPORT ORGANIZATION BOARD MEMBERS. A KEY FACTOR IN DETERMINING WHETHER A DIRECT SUPPORT ORGANIZATION SHOULD REPORT UNDER THE ACCOUNTING STANDARDS OF FASB VERSUS THE GOVERNMENTAL ACCOUNTING STANDARDS BOARD (GASB), IS BOARD CONTROL. WITH THE CHANGE IN THE FLORIDA STATUTE, THE UNIVERSTIY HAS CONTROL OF THE FOUNDATION, A DIRECT SUPPORT ORGANIZATION, AND THE FASB REPORTING MODEL IS NO LONGER APPROPRIATE. NET ASSETS FOR FISCAL YEAR ENDING JUNE 30, 2018 ARE PRESENTED ON 990 PT. X LINES 30-32 TO COMPLY WITH GASB ACCOUNTING AND FINANCIAL REPORTING STANDARDS. TOTAL NET ASSETS UNDER FASB AT JUNE 30, 2018 WERE $714,533,606. THE CONVERSION TO GASB REDUCED NET POSITION AT JUNE 30, 2018 BY $24,097,136 TO $690,436,470. THE REDUCTION IN NET POSITION WAS DUE TO THE ELIMINATION OF $9,608,383 OF ENDOWMENT PLEDGES RECEIVABLE AND A DECREASE OF $14,488,753 DUE TO THE RESTATEMENT OF SPLIT-INTEREST AGREEMENTS AND EXTERNAL TRUSTS TO DEFERRED INFLOWS OF RESOURCES UNDER GASB 81 IRREVOCABLE SPLIT-INTEREST AGREEMENTS. THE REDUCTION IN NET ASSETS DUE TO THE CONVERSION FROM FASB TO GASB IS REPORTED ON 990 PT. XI, LINE 8 FOR -$24,097,136. 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 325 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 FLORIDA STATE UNIVERSITY 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