UNIVERSITY OF SOUTH FLORIDA FOUNDATION INC: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY OF SOUTH FLORIDA FOUNDATION INC (EIN 59-0879015)
- Tax period
- 2018-07-01 to 2019-06-30
- Filed
- 2020-05-15
- IRS object ID
- 202041369349302189
- Schema version
- 2018v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-05-15T11:00:27-05:00 | ReturnTs |
| Tax Period End | 2019-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 560574444 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Cherry Bekaert LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 East Jackson St Suite 1200 | AddressLine1Txt |
| City | Tampa | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33602 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 590879015 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | University of South Florida Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | UNIV | BusinessNameControlTxt |
| Phone | 8139741801 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4202 EAST FOWLER AVENUE ALC 100 | AddressLine1Txt |
| City | TAMPA | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33620 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Robert Fischman | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Signature | 2020-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| PTIN | P00748038 | PTIN |
| Phone | 8132511010 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-09-23 17:36:50Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NOREEN E SEGREST | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4202 EAST FOWLER AVENUE ALC 100 | AddressLine1Txt |
| City | TAMPA | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33620 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $333,421,254 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | HTTP://GIVING.USF.EDU/ | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1960 | FormationYr |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Activity Or Mission | TO ACCEPT, INVEST AND DISTRIBUTE PRIVATE GIFTS IN SUPPORT OF THE UNIVERSITY OF SOUTH FLORIDA. | ActivityOrMissionDesc |
| Voting Members Governing Body | 42 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 37 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 386 | TotalVolunteersCnt |
| Total Gross UBI | -$136,843 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $69,249,706 | PYContributionsGrantsAmt |
| CY Contributions Grants | $74,538,415 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $2,869,385 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $2,807,150 | CYProgramServiceRevenueAmt |
| PY Investment Income | $36,716,013 | PYInvestmentIncomeAmt |
| CY Investment Income | $44,127,876 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$1,120,059 | PYOtherRevenueAmt |
| CY Other Revenue | -$306,810 | CYOtherRevenueAmt |
| PY Total Revenue | $107,715,045 | PYTotalRevenueAmt |
| CY Total Revenue | $121,166,631 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $46,514,179 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $57,464,322 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $9,128,627 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $21,254,955 | PYOtherExpensesAmt |
| CY Other Expenses | $22,555,455 | CYOtherExpensesAmt |
| PY Total Expenses | $67,769,134 | PYTotalExpensesAmt |
| CY Total Expenses | $80,019,777 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $39,945,911 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $41,146,854 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $663,599,141 | TotalAssetsBOYAmt |
| Total Assets EOY | $696,550,851 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $60,460,037 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $59,769,603 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $603,139,104 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $636,781,248 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE FOUNDATION SERVES AS THE OFFICIAL LEGAL CONDUIT FOR THE ACCEPTANCE, INVESTMENT, AND DISTRIBUTION OF PRIVATE GIFTS IN SUPPORT OF THE ACTIVITIES AND PROGRAMS OF THE UNIVERSITY OF SOUTH FLORIDA WHICH INCLUDES THE COLLEGES, CAMPUSES, HEALTH, ATHLETICS, AND OTHER APPROPRIATE UNIVERSITY-RELATED UNITS. SUPPORT IS GIVEN TO USF BY PROVIDING FUNDING FOR THE ENDOWED CHAIRS, GRANTS AND STUDENT SCHOLARSHIPS AMONG OTHER ACTIVITIES. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $57,704,971 | ExpenseAmt |
| Grant | $57,464,322 | GrantAmt |
| Revenue | $2,783,362 | RevenueAmt |
| Desc | THE FOUNDATION SERVES AS THE OFFICIAL LEGAL CONDUIT FOR THE ACCEPTANCE, INVESTMENT, AND DISTRIBUTION OF PRIVATE GIFTS IN SUPPORT OF THE ACTIVITIES AND PROGRAMS OF THE UNIVERSITY OF SOUTH FLORIDA WHICH INCLUDES THE COLLEGES, CAMPUSES, HEALTH, ATHLETICS, AND OTHER APPROPRIATE UNIVERSITY-RELATED UNITS. SUPPORT IS GIVEN TO USF BY PROVIDING FUNDING FOR THE ENDOWED CHAIRS, GRANTS AND STUDENT SCHOLARSHIPS AMONG OTHER ACTIVITIES. | Desc |
| Total Program Service Expenses | $57,704,971 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | Yes (true) | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | Yes (true) | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (true) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (true) | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 304 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (true) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | Yes (true) | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form1098 C Filed | Yes (true) | Form1098CFiledInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 42 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 37 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (true) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CO | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | HI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | LA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | ME | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | AK | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OK | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OR | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | TN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | UT | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WV | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WI | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Robert Fischman | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8139741801 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4202 E Fowler Ave ALC 100 | AddressLine1Txt |
| City | Tampa | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33620 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (51 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| GEORGE MORGAN | |||||||||
| CHAIRMAN | 5.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| RAY E NEWTON | |||||||||
| VICE CHAIRMAN | 5.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| BRIAN P KEENAN | |||||||||
| TREASURER | 5.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| MARK FERNANDEZ | |||||||||
| SECRETARY | 5.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| JOE P TEAGUE | |||||||||
| IMMEDIATE PAST CHAIR | 1.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| DON A ARIPOLI | |||||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| PETER BARONOFF | |||||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| REBECCA BAST | |||||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| FRANKLIN N BIGGINS | |||||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| ALAN C BOMSTEIN | |||||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| ALLEN BRINKMAN | |||||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| DARRYL M BURMAN | |||||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| JOIE S CHITWOOD | |||||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| CORNELIA G CORBETT | |||||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| ROBERT DONALDSON | |||||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| GENE ENGLE | |||||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| JEFFREY D FISHMAN | |||||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| KERI GAWRYCH | |||||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| JUDY L GENSHAFT | |||||||||
| PRESIDENT, USF | 5.0 | Yes (X) | $0 | $880,950 | $39,193 | 35.0 | |||
| GORDON L GILLETTE | |||||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| DAVID GOLDSTEIN | |||||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| MICHAEL GRIFFIN | |||||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| STEVE GRIGGS | |||||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| ANILA JAIN | |||||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| ANTHONY JAMES | |||||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| TINA P JOHNSON | |||||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| STEPHANIE HOLMQUIST-JOHNSON | |||||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| DAVID LECHNER | |||||||||
| Sr. Vice President for Business and Financial Strategy of the University | 1.0 | Yes (X) | $0 | $355,029 | $35,266 | ||||
| TOD LEIWEKE | |||||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| DONNA LONGHOUSE | |||||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| MERRITT MARTIN | |||||||||
| Chair of the University of South Florida Alumni Association | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| BETTY OTTER-NICKERSON | |||||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| CAROLE F PHILIPSON | |||||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| VALERIE RIDDLE | |||||||||
| BOARD MEMBER | 5.0 | Yes (X) | $0 | $29,078 | $10,956 | 25.0 | |||
| PAUL R SANBERG | |||||||||
| VP RESEARCH & INNOVATION | 5.0 | Yes (X) | $0 | $659,628 | $43,190 | 35.0 | |||
| DEBBIE SEMBLER | |||||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| NANCY M SCHNEID | |||||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| LINDA O SIMMONS | |||||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| JOHN T SINNOTT | |||||||||
| ASSOC DEAN, COLLEGE MEDICINE | 5.0 | Yes (X) | $0 | $343,853 | $39,146 | 35.0 | |||
| JOSE VALIENTE | |||||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| CAROLYN WILSON | |||||||||
| BOARD MEMBER | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| RALPH WILCOX | |||||||||
| EXEC VP & PROVOST , USF | 5.0 | Yes (X) | $0 | $460,000 | $31,176 | 35.0 | |||
| JOEL MOMBERG | |||||||||
| SR. VP, UNIV ADV & CEO USFF | 40.0 | Yes (X) | $0 | $549,582 | $42,153 | ||||
| ROBERT FISCHMAN | |||||||||
| ASSOC VP, BUS & FIN, USFF CFO | 40.0 | Yes (X) | $0 | $213,301 | $34,862 | ||||
| NOREEN E SEGREST | |||||||||
| VP, COO & USFF COUNSEL | 40.0 | Yes (X) | $0 | $249,572 | $39,490 | ||||
| STEVEN BLAIR | |||||||||
| VP DEVELOPMENT | 40.0 | $2,514 | $261,736 | $40,588 | Yes (X) | ||||
| LEE WILLIAMS | |||||||||
| REGIONAL VICE CHANCELLOR FOR ADVANCEMENT | 40.0 | $0 | $200,175 | $32,850 | Yes (X) | ||||
| JULIE GILLESPIE | |||||||||
| ASSOC VP OF CONSTITUENT DEVELOPMENT | 40.0 | $0 | $195,213 | $31,994 | Yes (X) | ||||
| ARTY GIALLOURAKIS | |||||||||
| SR. DIRECTOR OF DEVELOPMENT HEALTH | 40.0 | $0 | $179,346 | $30,874 | Yes (X) | ||||
| SCOTT KULL | |||||||||
| ASSOC VP OF DEVELOPMENT OF ATHLETICS | 40.0 | $0 | $148,946 | $17,522 | Yes (X) | ||||
| MARION YONGUE | |||||||||
| ASSOC VP OF CENTRAL DEVELOPMENT | 40.0 | $0 | $139,353 | $28,876 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,514 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $4,865,762 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $498,136 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | Yes (true) | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| National Public Radio Inc | |||||
| 635 Massachusetts Avenue NW | Washington | DC | 200013752 | Programming Services | $423,815 |
| Ellucian Company LP | |||||
| 62578 Collections Center Drive | Chicago | IL | 606930001 | CRM System Conversion | $412,289 |
| Corcoran & Johnston | |||||
| 13945 5th Street | Dade City | FL | 33525 | Consulting Services | $340,000 |
| Grenzebach Glier & Associates | |||||
| PO Box 775324 | Chicago | IL | 606775324 | Consulting Services | $278,134 |
| Blackbaud Inc | |||||
| PO Box 930256 | Atlanta | GA | 311930256 | Financial System Conversion | $166,075 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 11 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
| Fundraising | $1,918,937 | FundraisingAmt |
| Related Organizations | $13,233,048 | RelatedOrganizationsAmt |
| All Other Contributions | $59,386,430 | AllOtherContributionsAmt |
| Noncash Contributions | $4,548,888 | NoncashContributionsAmt |
| Total Contributions | $74,538,415 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| PUBLIC BROADCASTING SPONSORSHIPS | 515111 | $1,978,902 | $1,978,902 | |
| ALUMNI CENTER RENTAL | 531110 | $51,553 | $27,765 | $23,788 |
| MEMBERSHIP DUES | 813410 | $42,717 | $42,717 | |
| RENTAL INCOME -USFSP | 531110 | $500,480 | $500,480 | |
| RENTAL INCOME -USF REAL ESTATE FND | 531110 | $233,498 | $233,498 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $2,807,150 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $13,353,873 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$160,631 | UnrelatedBusinessRevenueAmt |
| Exclusion | $13,514,504 | ExclusionAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $229,329,523 | SecuritiesAmt |
| Other | $12,076,834 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $198,182,354 | SecuritiesAmt |
| Other | $12,450,000 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $31,147,169 | SecuritiesAmt |
| Other | -$373,166 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $30,774,003 | TotalRevenueColumnAmt |
| Exclusion | $30,774,003 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $1,262,319 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $1,918,937 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $1,622,269 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$359,950 | TotalRevenueColumnAmt |
| Exclusion | -$359,950 | ExclusionAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $53,140 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $53,140 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $53,140 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $121,166,631 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,783,362 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$136,843 | UnrelatedBusinessRevenueAmt |
| Exclusion | $43,981,697 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $57,444,322 | TotalAmt |
| Program Services | $57,444,322 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,000 | TotalAmt |
| Program Services | $20,000 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $62,758 | TotalAmt |
| Management And General | $62,758 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $89,550 | TotalAmt |
| Management And General | $89,550 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $418,995 | TotalAmt |
| Management And General | $418,995 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,788,382 | TotalAmt |
| Management And General | $3,788,382 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $752,076 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $644,195 | ManagementAndGeneralAmt |
| Fundraising | $107,881 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $506,344 | TotalAmt |
| Management And General | $184,051 | ManagementAndGeneralAmt |
| Fundraising | $322,293 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $140,353 | TotalAmt |
| Management And General | $53,446 | ManagementAndGeneralAmt |
| Fundraising | $86,907 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $56,890 | TotalAmt |
| Management And General | $15,908 | ManagementAndGeneralAmt |
| Fundraising | $40,982 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $129,049 | TotalAmt |
| Program Services | $129,049 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $111,600 | TotalAmt |
| Program Services | $111,600 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $482,473 | TotalAmt |
| Management And General | $482,473 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|
| EMPLOYEE LEASING EXPENSE | $14,341,954 | $6,119,330 | $8,222,624 |
| COMMUNITY RELATIONS | $177,078 | $177,078 | |
| INVESTMENT EXPENSES | $798,629 | $798,629 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $699,324 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $528,462 | ManagementAndGeneralAmt |
| Fundraising | $170,862 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $80,019,777 | TotalAmt |
| Program Services | $57,704,971 | ProgramServicesAmt |
| Management And General | $13,186,179 | ManagementAndGeneralAmt |
| Fundraising | $9,128,627 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,025,848 | BOYAmt |
| EOY | $1,417,298 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,504,921 | BOYAmt |
| EOY | $23,489,663 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $519,665 | BOYAmt |
| EOY | $486,050 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $11,868,673 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,024,719 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,453,413 | BOYAmt |
| EOY | $10,843,954 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $507,555,371 | BOYAmt |
| EOY | $215,036,123 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $98,924,408 | BOYAmt |
| EOY | $418,072,143 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,615,515 | BOYAmt |
| EOY | $27,205,620 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $663,599,141 | BOYAmt |
| EOY | $696,550,851 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $937,311 | BOYAmt |
| EOY | $969,463 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,085,584 | BOYAmt |
| EOY | $4,714,152 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $54,437,142 | BOYAmt |
| EOY | $54,085,988 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,460,037 | BOYAmt |
| EOY | $59,769,603 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,998,771 | BOYAmt |
| EOY | $15,322,658 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $258,976,983 | BOYAmt |
| EOY | $277,485,536 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $330,163,350 | BOYAmt |
| EOY | $343,973,054 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $603,139,104 | BOYAmt |
| EOY | $636,781,248 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $663,599,141 | BOYAmt |
| EOY | $696,550,851 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $41,146,854 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$7,504,710 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consol And Sep Basis Fincl Stmt | Yes (X) | ConsolAndSepBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $62,882,753 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $49,288,543 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $52,624,110 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $69,249,706 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $74,165,249 | CurrentTaxYearAmt |
| Total | $308,210,361 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $300,000 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $300,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $300,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $300,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $300,000 | CurrentTaxYearAmt |
| Total | $1,500,000 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $63,182,753 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $49,588,543 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $52,924,110 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $69,549,706 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $74,465,249 | CurrentTaxYearAmt |
| Total | $309,710,361 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $31,073,517 | SubstantialContributorsTotAmt |
| Public Support Total170 | $278,636,844 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $8,836,549 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,272,112 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $8,419,582 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $10,215,311 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $13,353,873 | CurrentTaxYearAmt |
| Total | $48,097,427 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $316,533 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $53,140 | CurrentTaxYearAmt |
| Total | $369,673 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $358,177,461 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $12,254,434 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.7779 | PublicSupportCY170Pct |
| Public Support PY170 | 0.8106 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule A, Part II, Line 10 Other Income | FormAndLineReferenceDesc |
| Explanation | DESCRIPTION - OTHER REVENUE, COLUMN A - 316533.0, COLUMN B - , COLUMN C - , COLUMN D - , COLUMN E - 53140.0, COLUMN F - 369673.0; | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | false | VolunteersInd |
| Paid Staff Or Management | false | PaidStaffOrManagementInd |
| Media Advertisements | false | MediaAdvertisementsInd |
| Mailings Members | false | MailingsMembersInd |
| Publications Or Broadcast | false | PublicationsOrBroadcastInd |
| Grants Other Organizations | false | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (true) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $418,995 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | false | RalliesDemonstrationsInd |
| Other Activities | false | OtherActivitiesInd |
| Total Lobbying Expenditures | $418,995 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | false | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule C, Part II-B, Line 1g DESCRIPTION OF THE ACTIVITIES REPORTED ON LINES 1A THROUGH 1I | FormAndLineReferenceDesc |
| Explanation | $995 WAS EXPENDED IN GENERAL SUPPORT OF THE UNIVERSITY OF SOUTH FLORIDA OFFICE OF GOVERNMENT RELATIONS DURING THE 2018-2019 FLORIDA STATE LEGISLATIVE SESSION. A FEE OF $418,000 INCLUDING EXPENSES WAS PAID TO MANAGEMENT CONSULTANT FIRMS. ALL MONIES WERE EXPENDED TO SUPPORT THE INTERESTS OF THE UNIVERSITY OF SOUTH FLORIDA; NO MONIES WERE PAID IN SUPPORT OF OR IN OPPOSITION TO ANY CANDIDATE FOR POLITICAL OFFICE. | ExplanationTxt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | $9,258 | RevenuesIncludedAmt |
| Assets Included | $3,797,068 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Coll Used Loan Or Exch Prog | Yes (X) | CollUsedLoanOrExchProgInd |
| Solicited Assets Sale | false | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $513,001,388 | BeginningYearBalanceAmt |
| Contributions | $18,031,305 | ContributionsAmt |
| Investment Earnings Or Losses | $29,463,315 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $19,376,865 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $8,697,229 | AdministrativeExpensesAmt |
| End Year Balance | $532,421,914 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $471,893,729 | BeginningYearBalanceAmt |
| Contributions | $13,026,317 | ContributionsAmt |
| Investment Earnings Or Losses | $54,764,834 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $18,260,412 | GrantsOrScholarshipsAmt |
| Other Expenditures | $0 | OtherExpendituresAmt |
| Administrative Expenses | $8,423,080 | AdministrativeExpensesAmt |
| End Year Balance | $513,001,388 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $419,550,240 | BeginningYearBalanceAmt |
| Contributions | $14,158,675 | ContributionsAmt |
| Investment Earnings Or Losses | $65,975,024 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $17,056,919 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,793,673 | OtherExpendituresAmt |
| Administrative Expenses | $7,939,618 | AdministrativeExpensesAmt |
| End Year Balance | $471,893,729 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $446,608,407 | BeginningYearBalanceAmt |
| Contributions | $6,445,611 | ContributionsAmt |
| Investment Earnings Or Losses | -$6,853,309 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $16,645,307 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,244,045 | OtherExpendituresAmt |
| Administrative Expenses | $7,761,117 | AdministrativeExpensesAmt |
| End Year Balance | $419,550,240 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $449,776,559 | BeginningYearBalanceAmt |
| Contributions | $7,307,818 | ContributionsAmt |
| Investment Earnings Or Losses | $13,627,096 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $15,825,336 | GrantsOrScholarshipsAmt |
| Other Expenditures | $865,115 | OtherExpendituresAmt |
| Administrative Expenses | $7,412,615 | AdministrativeExpensesAmt |
| End Year Balance | $446,608,407 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.0288 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.6017 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.3695 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,620,414 | OtherCostOrOtherBasisAmt |
| Book Value | $6,620,414 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,097,024 | OtherCostOrOtherBasisAmt |
| Depreciation | $873,484 | DepreciationAmt |
| Book Value | $4,223,540 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,417 | OtherCostOrOtherBasisAmt |
| Depreciation | $11,417 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $139,818 | OtherCostOrOtherBasisAmt |
| Depreciation | $139,818 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $10,843,954 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (6 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Private Equity Partnership Investments | $39,320,208 | F |
| Fixed Income Partnership Investments | $34,837,117 | F |
| Real asset Partnership Investments | $35,076,332 | F |
| Fixed Income | $97,646,210 | F |
| Domestic Equities | $99,510,449 | F |
| International Equities | $111,681,827 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $418,072,143 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| AMOUNTS DUE TO THIRD PARTY BNF | $34,291,638 |
| LIFE BENEFICIARIES OBLIGATIONS | $584,977 |
| DUE TO USF | $1,738,384 |
| BENEFICIAL INTEREST | $17,470,989 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $54,085,988 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $109,873,539 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$7,504,710 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $0 | OtherRevenueAmt |
| Revenue Not Reported | -$7,504,710 | RevenueNotReportedAmt |
| Revenue Subtotal | $117,378,249 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $3,788,382 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $0 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $3,788,382 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $121,166,631 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $76,231,395 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $0 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $76,231,395 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $3,788,382 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $0 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $3,788,382 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $80,019,777 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part III, Line 4 Collections of art - description of collections | IT IS THE CONCERTED MISSION OF THE UNIVERSITY OF SOUTH FLORIDA CONTEMPORARY ART MUSEUM TO ACHIEVE A BOLD, CREATIVE ENVIRONMENT FOR THE ENRICHMENT AND INTELLECTUAL GROWTH OF STUDENTS, FACULTY OF THE UNIVERSITY (ON THE TAMPA AND REGIONAL CAMPUSES), THE TAMPA BAY COMMUNITY AND BEYOND. THE CONTEMPORARY ART MUSEUM PROVIDES OPPORTUNITIES FOR INNOVATIVE AND EXPERIMENTAL TEACHING AND RESEARCH. THE CONTEMPORARY ART MUSEUM WILL EXPAND, HOUSE, MANAGE, PRESERVE, CONSERVE, AND EXHIBIT THE UNIVERSITY'S ART COLLECTIONS. THE CONTEMPORARY ART MUSEUM INITIATES AND DEVELOPS INTERDISCIPLINARY PROGRAMS IN KEEPING WITH ITS MISSION. THE CONTEMPORARY ART MUSEUM PROVIDES THE LEADERSHIP FOR PUBLIC ART PROJECTS AND MAJOR ACQUISITIONS OF ART ON THE USF CAMPUSES AND CATALOGUES, MANAGES, AND OVERSEES THEIR CARE AND PRESERVATION. THE USF CONTEMPORARY ART MUSEUM MAINTAINS AND MANAGES A PERMANENT COLLECTION OF CONTEMPORARY ART. AS THE LEGAL CONDUIT FOR THE RAISING, ACCEPTANCE, INVESTMENT AND DISTRIBUTION OF ALL PRIVATE GIFTS MADE TO THE UNIVERSITY OF SOUTH FLORIDA, DONATIONS OF WORKS TO THE CONTEMPORARY ART MUSEUM PERMANENT COLLECTION ARE THE FIDUCIARY RESPONSIBILITY OF THE UNIVERSITY OF SOUTH FLORIDA FOUNDATION. |
| Schedule D, Part V, Line 4 Intended uses of endowment funds | THE FOUNDATION ENDOWMENT CONSISTS OF APPROXIMATELY 1500 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES IN SUPPORT OF THE MISSION OF THE UNIVERSITY OF SOUTH FLORIDA INCLUDING: SCHOLARSHIPS, FELLOWSHIPS, ENDOWED CHAIRS, PROFESSORSHIPS, FACILITY IMPROVEMENT AND EQUIPMENT, RESEARCH, ETC. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS HELD ON BEHALF OF THE UNIVERSITY'S DIRECT SUPPORT ORGANIZATIONS (DSO) TO FUNCTION AS ENDOWMENTS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE FOUNDATION CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME OF THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED IN PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE ORGANIZATION IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY THE FLORIDA UNIFORM MANAGEMENT OF INSTITUTIONAL FUNDS ACT. THE FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN PURCHASING POWER OF THE ENDOWMENT ASSETS. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (10 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| Central America and the Caribbean | 0 | 0 | Program Services | SEE SCH F, PART V | $16,139 |
| East Asia and the Pacific | 0 | 0 | Program Services | SEE SCH F, PART V | $7,850 |
| Europe (Including Iceland and Greenland) | 0 | 1 | Program Services | SEE SCH F, PART V | $76,578 |
| South Asia | 0 | 0 | Program Services | SEE SCH F, PART V | $7,657 |
| Sub-Saharan Africa | 0 | 0 | Program Services | SEE SCH F, PART V | $368 |
| North America (Canada & Mexico only) | 0 | 0 | Program Services | SEE SCH F, PART V | $31,720 |
| South America | 0 | 0 | Program Services | SEE SCH F, PART V | $2,796 |
| Middle East and North Africa | 0 | 0 | Program Services | SEE SCH F, PART V | $10,671 |
| Russia and Neighboring States | 0 | 0 | Program Services,Investments | SEE SCH F, PART V | $574 |
| Central America and the Caribbean | 0 | 0 | Investments | SEE SCH F, PART V | $10,595,946 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 1 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 1 | TotalEmployeeCnt |
| Subtotal Spent | $10,750,299 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $10,750,299 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Assistance | SEE SCHEDULE F, PART V | TypeOfAssistanceTxt |
| Region | Europe (Including Iceland and Greenland) | RegionTxt |
| Recipient | 1 | RecipientCnt |
| Cash Grant | $20,000 | CashGrantAmt |
| Manner Of Cash Disbursement | WIRETRANSFER | MannerOfCashDisbursementTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | Yes (true) | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (true) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (true) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (true) | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds | FOUNDATION FOREIGN PROGRAM EXPENSES CONSISTED OF TWO TYPES. THE FIRST IS TRAVEL EXPENSES INCURRED BY UNIVERSITY EMPLOYEES FOR PROGRAM SERVICE ACTIVITIES CONDUCTED OUTSIDE OF THE UNITED STATES. THE FOUNDATION'S PROCESS FOR MONITORING THESE EXPENSES INCLUDES CODING THESE TYPES OF EXPENSES APPROPRIATELY THROUGH THE NORMAL CHECK DISBURSEMENT PROCESS. THE SECOND RELATES TO THE USF BRIT PROGRAM. THE FOUNDATION MAINTAINS A CONTRACT WITH A UK CITIZEN LIVING OUTSIDE OF THE US TO FUNCTION AS THE LONDON ADMINISTRATOR OF THE UNIVERSITY OF SOUTH FLORIDA BRITISH INTERNATIONAL THEATRE (BRIT) PROGRAM. THE ADMINISTRATOR IS PAID A FEE FOR IDENTIFYING AND ENGAGING ARTISTS FOR THE PROGRAM. TO EXPEDITE THE PROCESS OF CONTRACTING GUEST ARTISTS FROM THE UNITED KINGDOM, THE FOUNDATION ALSO PROVIDES ADVANCED FUNDING TO THE ADMINISTRATOR. THE FOUNDATION RECEIVES A FINANCIAL REPORT WITH SUPPORTING DOCUMENTATION (RECEIPTS) FOR ALL EXPENDITURES WITHIN NINETY (90) DAYS OF THE CONCLUSION OF THE BRIT PROGRAM ANNUAL EVENT. ANY DIFFERENCE WILL BE RETURNED TO THE FOUNDATION OR PAID TO THE ADMINISTRATOR AS APPROPRIATE. |
| Schedule F, Part I, Line 3 DESCRIPTION OF PROGRAM SERVICES, LINE 4E AND PART III (A) | THE USF BRIT PROGRAM STRIVES TO BRING THE BEST OF BOTH CLASSICAL AND CONTEMPORARY APPROACHES OF BRITISH THEATRE TO THE STUDENTS IN THE USF SCHOOL OF THEATRE AND DANCE AND TO AUDIENCES IN TAMPA, FLORIDA. EXPENSES ARE INCURRED IN EUROPE TO LOCATE AND ENGAGE PROFESSIONAL DIRECTORS AND CHOREOGRAPHERS, LEADING VOICE AND SPEECH EXPERTS AND TOP RATE DESIGNERS. THESE EXPERTS HAVE BROUGHT THEIR KNOWLEDGE AND EXPERIENCE IN BRITISH CLASSICAL THEATRE AND CONTEMPORARY CUTTING EDGE THEATRE TO THE STUDENTS AT USF IN THE FORM OF HANDS ON MASTER CLASSES AND WORKSHOPS. PROGRAM SERVICE EXPENSES WERE ALSO INCURRED FOR VARIOUS TRAVEL RELATED EXPENSES. THESE EXPENSES WERE INCURRED TO SUPPORT RELATED EDUCATIONAL, RESEARCH, AND SERVICE ACTIVITIES OF USF IN ACCORDANCE WITH THE MISSION OF THE FOUNDATION. |
| Schedule F, Part I, Line 3 DESCRIPTION OF PROGRAM SERVICES, LINE 4E AND PART III (A) | AN INTERDISCIPLINARY RESEARCH GRANT TO STUDY THE EFFECT OF POOR WATER, SANITATION, AND HYGIENE (WASH) ON THE GROWTH IN INFANTS AND YOUNG CHILDREN WAS CONDUCTED IN JHARKLAND, INDIA. EXPENSES FOR THE WASH PROJECT CONSULTANT TO CONDUCT TRAININGS OF VOLUNTEERS, CAPTURE ANTHROPOMETRIC DATA, DRAFT RESEARCH FINDINGS ETC. WERE INCURRED IN SUPPORT OF THE EDUCATIONAL, RESEARCH, AND SERVICE ACTIVITIES OF USF IN ACCORDANCE WITHIN THE MISSION OF THE FOUNDATION. |
| Schedule F, Part I, Line 3 METHOD TO ACCOUNT FOR INVESTMENTS | FOUNDATION FOREIGN INVESTMENT CONSISTED OF THE FMV OF THE FOREIGN INVESTMENT HELD AT THE END OF THE YEAR. |
| Schedule F, Part I, Line 2 PROCEDURES FOR MONITORING USE OF GRANT FUNDS | FOUNDATION FOREIGN PROGRAM EXPENSES CONSISTED OF TWO TYPES. THE FIRST IS TRAVEL EXPENSES INCURRED BY UNIVERSITY EMPLOYEES FOR PROGRAM SERVICE ACTIVITIES CONDUCTED OUTSIDE OF THE UNITED STATES. THE FOUNDATION'S PROCESS FOR MONITORING THESE EXPENSES INCLUDES CODING THESE TYPES OF EXPENSES APPROPRIATELY THROUGH THE NORMAL CHECK DISBURSEMENT PROCESS. THE SECOND RELATES TO THE USF BRIT PROGRAM. THE FOUNDATION MAINTAINS A CONTRACT WITH A UK CITIZEN LIVING OUTSIDE OF THE US TO FUNCTION AS THE LONDON ADMINISTRATOR OF THE UNIVERSITY OF SOUTH FLORIDA BRITISH INTERNATIONAL THEATRE (BRIT) PROGRAM. THE ADMINISTRATOR IS PAID A FEE FOR IDENTIFYING AND ENGAGING ARTISTS FOR THE PROGRAM. TO EXPEDITE THE PROCESS OF CONTRACTING GUEST ARTISTS FROM THE UNITED KINGDOM, THE FOUNDATION ALSO PROVIDES ADVANCED FUNDING TO THE ADMINISTRATOR. THE FOUNDATION RECEIVES A FINANCIAL REPORT WITH SUPPORTING DOCUMENTATION (RECEIPTS) FOR ALL EXPENDITURES WITHIN NINETY (90) DAYS OF THE CONCLUSION OF THE BRIT PROGRAM ANNUAL EVENT. ANY DIFFERENCE WILL BE RETURNED TO THE FOUNDATION OR PAID TO THE ADMINISTRATOR AS APPROPRIATE. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Farewell Gala | Event1Nm |
| Gross Receipts Event1 | $764,550 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $640,500 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $124,050 | GrossRevenueEvent1Amt |
| Food And Beverage Event1 | $220,006 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $57,099 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $32,220 | OtherDirectExpensesEvent1Amt |
| Event2 | Brunch on Bay | Event2Nm |
| Gross Receipts Event2 | $213,414 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $166,642 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $46,772 | GrossRevenueEvent2Amt |
| Food And Beverage Event2 | $38,278 | FoodAndBeverageEvent2Amt |
| Entertainment Event2 | $20,093 | EntertainmentEvent2Amt |
| Other Direct Expenses Event2 | $39,406 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 124 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $2,203,292 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $1,111,795 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $1,091,497 | GrossRevenueOtherEventsAmt |
| Rent Fclty Costs Other Events | $55,668 | RentFcltyCostsOtherEventsAmt |
| Food And Beverage Other Events | $613,761 | FoodAndBeverageOtherEventsAmt |
| Entertainment Other Events | $353,538 | EntertainmentOtherEventsAmt |
| Oth Direct Expnss Other Events | $192,200 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $3,181,256 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $1,918,937 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $1,262,319 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $55,668 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $872,045 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $430,730 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $263,826 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $1,622,269 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$359,950 | NetIncomeSummaryAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule G, Part II FUNDRAISING ACTIVITES, SCH G PART III | FormAndLineReferenceDesc |
| Explanation | FORM 990 REPORTING REQUIRES CONTRIBUTIONS FROM FUND RAISING EVENTS BE REPORTED ON LINE 1, PART VIII; THEREFORE, LINE 2, PART II, SCHEDULE G SUBTRACTS CONTRIBUTIONS FROM FUND RAISING RECEIPTS. THIS RESULTS IN A LOSS OF $359,950 FROM THE FUND RAISING EVENTS ON LINE 11, SCHEDULE G WITH THE $1,918,937 OF CONTRIBUTIONS REFLECTED ON LINE 1C, PART VIII. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | University of South Florida | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4202 E Fowler Ave | AddressLine1Txt |
| City | Tampa | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33620 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 593102112 | RecipientEIN |
| IRC Section | 170(C)(1) | IRCSectionDesc |
| Cash Grant | $57,444,322 | CashGrantAmt |
| Purpose Of Grant | ACADEMIC & STUDENT SUPPORT | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. | FormAndLineReferenceDesc |
| Explanation | GRANT EXPENSES ARE AMOUNTS TRANSFERRED DIRECTLY TO OR PAID ON BEHALF OF THE UNIVERSITY OR THE USF ALUMNI ASSOCIATION IN ACCORDANCE WITH DONOR RESTRICTIONS. ALL EXPENSES RELATED TO THE USE OF THESE FUNDS ARE REVIEWED BY THE FOUNDATION BEFORE THEY ARE DISBURSED TO ENSURE THAT THE EXPENSES ARE BEING USED IN CONJUNCTION WITH FOUNDATION POLICIES MADE AVAILABLE TO THE UNIVERSITY THROUGH AN INTERNAL WEBSITE. ALSO, THE FOUNDATION HOLDS PERIODIC TRAININGS IN ORDER TO FURTHER ENSURE THAT EXPENDITURES ARE IN ACCORDANCE WITH THEIR DONOR-IMPOSED PURPOSES AND IRS REGULATIONS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (14 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JUDY L GENSHAFT | ||||||||||||||
| PRESIDENT, USF | $0 | $499,675 | $0 | $263,175 | $0 | $118,100 | $0 | $16,692 | $0 | $22,501 | $0 | $920,143 | $0 | $0 |
| DAVID LECHNER | ||||||||||||||
| Sr. Vice President for Business and Financial Strategy of the University | $0 | $352,962 | $0 | $0 | $0 | $2,067 | $0 | $27,921 | $0 | $7,345 | $0 | $390,295 | $0 | $0 |
| PAUL R SANBERG | ||||||||||||||
| VP RESEARCH & INNOVATION | $0 | $508,008 | $0 | $150,000 | $0 | $1,620 | $0 | $18,698 | $0 | $24,492 | $0 | $702,818 | $0 | $0 |
| JOHN T SINNOTT | ||||||||||||||
| ASSOC DEAN, COLLEGE MEDICINE | $0 | $275,553 | $0 | $66,860 | $0 | $1,440 | $0 | $16,692 | $0 | $22,454 | $0 | $382,999 | $0 | $0 |
| RALPH WILCOX | ||||||||||||||
| EXEC VP & PROVOST , USF | $0 | $449,716 | $0 | $0 | $0 | $10,284 | $0 | $8,480 | $0 | $22,696 | $0 | $491,176 | $0 | $0 |
| JOEL MOMBERG | ||||||||||||||
| SR. VP, UNIV ADV & CEO USFF | $0 | $528,974 | $0 | $0 | $0 | $20,608 | $0 | $18,705 | $0 | $23,448 | $0 | $591,735 | $0 | $0 |
| ROBERT FISCHMAN | ||||||||||||||
| ASSOC VP, BUS & FIN, USFF CFO | $0 | $207,481 | $0 | $1,500 | $0 | $4,320 | $0 | $16,692 | $0 | $18,170 | $0 | $248,163 | $0 | $0 |
| NOREEN E SEGREST | ||||||||||||||
| VP, COO & USFF COUNSEL | $0 | $240,452 | $0 | $1,500 | $0 | $7,620 | $0 | $18,590 | $0 | $20,900 | $0 | $289,062 | $0 | $0 |
| STEVEN BLAIR | ||||||||||||||
| VP DEVELOPMENT | $2,514 | $250,348 | $0 | $1,500 | $0 | $9,888 | $0 | $18,595 | $0 | $21,993 | $2,514 | $302,324 | $0 | $0 |
| LEE WILLIAMS | ||||||||||||||
| REGIONAL VICE CHANCELLOR FOR ADVANCEMENT | $0 | $198,555 | $0 | $600 | $0 | $1,020 | $0 | $18,405 | $0 | $14,445 | $0 | $233,025 | $0 | $0 |
| JULIE GILLESPIE | ||||||||||||||
| ASSOC VP OF CONSTITUENT DEVELOPMENT | $0 | $186,093 | $0 | $1,500 | $0 | $7,620 | $0 | $16,692 | $0 | $15,302 | $0 | $227,207 | $0 | $0 |
| ARTY GIALLOURAKIS | ||||||||||||||
| SR. DIRECTOR OF DEVELOPMENT HEALTH | $0 | $170,774 | $0 | $5,700 | $0 | $2,872 | $0 | $16,692 | $0 | $14,182 | $0 | $210,220 | $0 | $0 |
| SCOTT KULL | ||||||||||||||
| ASSOC VP OF DEVELOPMENT OF ATHLETICS | $0 | $126,256 | $0 | $0 | $0 | $22,690 | $0 | $5,171 | $0 | $12,351 | $0 | $166,468 | $0 | $0 |
| MARION YONGUE | ||||||||||||||
| ASSOC VP OF CENTRAL DEVELOPMENT | $0 | $136,833 | $0 | $1,500 | $0 | $1,020 | $0 | $16,692 | $0 | $12,184 | $0 | $168,229 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule J, Part I SUPPLEMENTAL COMPENSATION INFORMATION | EMPLOYEES OF THE UNIVERSITY PERFORM OPERATING FUNCTIONS FOR THE FOUNDATION. THE UNIVERSITY TRACKS, ADMINISTERS, AND REPORTS ALL PAYROLL AND FRINGE BENEFIT COSTS. THE FOUNDATION TRANSFERS FUNDS TO THE UNIVERSITY FOR THESE COSTS. THE AMOUNT FUNDED BY THE FOUNDATION TO THE UNIVERSITY WAS APPROXIMATELY $2,381,096 FOR THE YEAR ENDED JUNE 30, 2019. |
| Schedule J, Part I, Line 1a Health or social club dues or initiation fees | * JOEL MOMBERG, SR. VICE PRESIDENT, UNIVERSITY ADVANCEMENT AND CEO, USF FOUNDATION * JUDY L. GENSHAFT, PRESIDENT, UNIVERSITY OF SOUTH FLORIDA * RALPH C. WILCOX, EXECUTIVE VP AND PROVOST, UNIVERSITY OF SOUTH FLORIDA * STEVEN BLAIR, VICE PRESIDENT OF DEVELOPMENT THE FULL AMOUNT OF THESE PAYMENTS IS INCLUDED IN THE INDIVIDUALS' TAXABLE COMPENSATION. |
| Schedule J, Part II COMPENSATION FROM AN UNRELATED ORGANIZATION OR INDIVIDUAL | NAME - STEVEN BLAIR, COMPENSATION FROM UNRELATED ORGANIZATION - 2514.000000, NAME OF UNRELATED ORGANIZATION - UMSA, TYPE OF COMPENSATION - BENEFITS |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 2 | ContributionCnt |
| Noncash Contributions Rpt F990 | $9,258 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Market value | MethodOfDeterminingRevenuesTxt |
Art Historical Treasures ArtHistoricalTreasuresGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 2 | ContributionCnt |
| Noncash Contributions Rpt F990 | $3,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Market value | MethodOfDeterminingRevenuesTxt |
Books And Publications BooksAndPublicationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $52,221 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Market value | MethodOfDeterminingRevenuesTxt |
Cars And Other Vehicles CarsAndOtherVehiclesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $8,073 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Market value | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 3 | ContributionCnt |
| Noncash Contributions Rpt F990 | $277,594 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Market value | MethodOfDeterminingRevenuesTxt |
Scientific Specimens ScientificSpecimensGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $1,981,737 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Market value | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (7 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | Medical and Non Medical Equipment | 8 | $90,615 | Market value |
| Yes (X) | Educational Supplies | 8 | $32,045 | Market value |
| Yes (X) | Miscellaneous Supplies | 4 | $31,994 | Market value |
| Yes (X) | Food for Education Events | 13 | $31,637 | Market value |
| Yes (X) | Pianos | 2 | $22,830 | Market value |
| Yes (X) | Sports Related items | 1 | $7,884 | Market value |
| Yes (X) | Life Insurance | 1 | $2,000,000 | Market value |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 7 | Form8283ReceivedCnt |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (true) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions | FormAndLineReferenceDesc |
| Explanation | THE FOUNDATION USES A THIRD PARTY AUCTIONEER SERVICE TO SELL DONATED ITEMS THAT IT DOES NOT INTEND TO KEEP IN ITS PERMANENT COLLECTION (LIKE JEWELRY), OR HAVE AN INTERNAL USE FOR (LIKE A VEHICLE). AFTER THE AUCTIONEER FINDS A WILLING BUYER, THE FOUNDATION RECEIVES THE PROCEEDS OF THESE TRANSACTIONS MINUS A SERVICE FEE. THE USF FOUNDATION UTILIZES CHARITABLE AUTO RESOURCES (CARS) AS A SERVICE PROVIDER FOR THE FACILITATION OF THE WUSF PUBLIC BROADCASTING DIVISION OF THE UNIVERSITY OF SOUTH FLORIDA VEHICLE DONATION PROGRAM. CARS ACTS AS AN AUTHORIZED AGENT TO PROCESS DONATED VEHICLES AND PROVIDES WRITTEN SUBSTANTIATION OF DONATIONS TO DONORS INCLUDING APPROPRIATE TAX FORMS. CARS RETAINS A PORTION OF THE NET VEHICLE DONATION PROGRAM PROCEEDS AND DISTRIBUTES THE REMAINDER TO THE USF FOUNDATION TO BENEFIT WUSF PUBLIC BROADCASTING. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part I, Line 5 EMPLOYEE COMPENSATION REPORTING | AS REPORTED ON FORM 990, PART I, LINE 5, THE UNIVERSITY OF SOUTH FLORIDA FOUNDATION ("FOUNDATION") DOES NOT HAVE EMPLOYEES. UNIVERSITY OF SOUTH FLORIDA ("UNIVERSITY") EMPLOYEES PROVIDE SERVICES ON BEHALF OF THE FOUNDATION PURSUANT TO SECTION F.S. 1004.28. THE FOUNDATION SHARES THE COST OF PERSONNEL, SERVICES, FACILITIES, AND EXPENSES WITH THE UNIVERSITY, A RELATED ORGANIZATION. THE COSTS OF THESE SERVICES ARE ALLOCATED TO FOUNDATION ON VARIOUS LINES OF PARTS VIII-X OF THIS RETURN |
| Form 990, Part I, Line 20 Restatement | 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 is required to approve all direct support organization board members. Under current accounting guidance, a key factor in determining whether a direct support organization should report under the accounting and financial reporting standards of the Financial Accounting Standards Board (FASB), the current basis of accounting, versus the accounting and financial reporting of the GASB is board control. With the change in the Florida statute, the University has control of the board of the direct support organization and the FASB reporting model is no longer appropriate. The Foundation has converted to the GASB reporting model for fiscal year ending June 30, 2019. The areas most impacted include endowment pledges and split interest agreements. The restatement had the following impact to net position previously reported as of June 30, 2018. FASB Net assets, as previously reported Temporarily Restricted Net Assets $ 273,834,662 Permanently Net Restricted Assets $ 365,132,409 Removal of endowment pledges $ (32,467,235) Deferral of inflows related to split interest agreements Temporarily Restricted Net Assets $ (14,857,679) Permanently Net Restricted Assets $ (2,501,824) Reclassification to net position Temporarily Restricted Net Assets $ (258,976,983) Permanently Net Restricted Assets $ (330,163,350) GASB Reclassification to net position and Net position restated Net Investment in Capital Assets $ 8,705,639 Restricted Expendable $ 250,271,344 Restricted Non-expendable $ 330,163,350 |
| Form 990, Part VI, Line 15 EMPLOYEE COMPENSATION REPORTING | THE USF FOUNDATION COMPENSATION COMMITTEE REVIEWED THE COMPENSATION PROVIDED BY THE USF FOUNDATION TO USF STAFF ALONG WITH MARKET SALARY DATA TO MAKE A DETERMINATION OF REASONABLENESS. THE STAFF SELECTED FOR REVIEW, AS REQUIRED BY THE INTERNAL REVENUE SERVICE, INCLUDED OFFICERS OR MEMBERS OF USF FOUNDATION BOARD WHO RECEIVE COMPENSATION FROM THE USF FOUNDATION, KEY EMPLOYEES AND HIGHEST PAID STAFF AND HAVE HAD CHANGES IN THEIR COMPENSATION SINCE THEIR REVIEW IN THE PRIOR YEAR. THE COMPENSATION COMMITTEE ALSO RECEIVED THE WRITTEN OPINION OF AN INDEPENDENT COMPENSATION CONSULTANT TO AID IN THE DETERMINATION OF REASONABLENESS. THIS COMPENSATION REVIEW IS UNDERTAKEN TO OBTAIN THE BENEFIT OF THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE IRS RULES. THE COMPENSATION COMMITTEE MUST: * BE COMPOSED ENTIRELY OF INDIVIDUALS UNRELATED AND NOT SUBJECT TO THE CONTROL OF THE INDIVIDUAL'S WHOSE COMPENSATION IS BEING REVIEWED; * OBTAIN APPROPRIATE DATA AS TO THE COMPARABILITY OF SALARY; AND * DOCUMENT THE BASIS FOR ITS DETERMINATION THAT THE INDIVIDUAL'S COMPENSATION IS REASONABLE IN LIGHT OF THAT DATA. DURING THE DISCUSSION OF ANY INDIVIDUAL'S SALARY THAT INDIVIDUAL MUST LEAVE THE ROOM. THE COMMITTEE'S CONCLUSIONS ARE DOCUMENTED IN THE OFFICIAL MINUTES OF THE MEETING. THE COMPENSATION REVIEW OCCURS WHEN NEW HIRES ARE MADE TO KEY POSITIONS OR WHEN SALARY DATA IS SOLICITED FROM AN INDEPENDENT CONSULTANT FOR MARKET COMPARISONS WHICH MAY BE ANNUALLY OR BI-ANNUALLY. SALARY INFORMATION WAS REVIEWED IN SEPTEMBER 2019 FOR THE FOLLOWING POSITIONS: * PRESIDENT, UNIVERSITY OF SOUTH FLORIDA * SR. VICE PRESIDENT, UNIVERSITY ADVANCEMENT AND CEO, USF FOUNDATION * VICE PRESIDENT OF UNIVERSITY ADVANCEMENT AND CHIEF OPERATING OFFICER * ASSOCIATE VICE PRESIDENT, BUSINESS & FINANCE AND USF FOUNDATION CFO * VICE PRESIDENT OF DEVELOPMENT, UNIVERSITY ADVANCEMENT * ASSOCIATE VICE PRESIDENT OF CONSTITUENT DEVELOPMENT * ASSOCIATE VICE PRESIDENT OF DEVELOPMENT * ASSOCIATE VICE PRESIDENT OF USF HEALTH DEVELOPMENT * ASSOCIATE VICE PRESIDENT OF GIFT PLANNING * ASSOCIATE VICE PRESIDENT OF DEVELOPMENT ATHLETICS |
| Form 990, Part VI, Line 4 Significant changes to organizational documents | SUMMARY OF CHANGES TO BYLAWS 05/31/19 ARTICLE II, SECTION 2(a) Removed faculty/dean representative; Updated titles of certain Designated Members; Remove President of Bulls Club as Designated Member; Added representative(s) appointed by USF Board of Trustees as required by USF Regulation 13.002 ARTICLE II, SECTION 2(b) Updated reference to USF St. Petersburg and USF Sarasota- Manatee campuses in accord with Consolidation plan. ARTICLE II, SECTION 2(c) Described process and considerations when electing a current USF employee as a voting member and when a current voting member becomes a USF employee. ARTICLE II, SECTION 4 Added references to approval of Members by USF Board of Trustees as required by USF Regulation 13.002. ARTICLE II, SECTION 5 Removed specification that annual meeting will occur in June. ARTICLE III, SECTION 1 Added reference to new Emeritus Committee; Provided the Foundation Board Chair appoints all committee chairs and may appoint vice chairs in consultation with the Foundation CEO; Defined role of Vice Chair; Provide committee chair appointments shall be considered every 2 years; changed quorum requirement for committee action from majority to half of the voting members of the committee. ARTICLE III, SECTION 2 Changed the composition of the Executive and Governance Committee by adding the representative(s) appointed by the USF Board of Trustees and removing the Provost and Executive Vice President of USF; Added recommending reappointment of current Members to duties of Nominating and Board Development Committee; Reduced minimum number of Finance Committee members from 7 to 5; eliminated redundant language re appointment of members to the committee (see Article III, Section 1); removed unnecessary language re approval of Finance Committee transactions as this is applicable to all committees; Reduce minimum number of Investment Committee members from 7 to 5; Stated minimum number of Development Committee members; eliminate duty of Development Committee to approve naming guidelines to conform to current practice; Added Emeritus Committee as a standing committee and specified duties. ARTICLE IV, SECTION 1, 2 & 3(f) Eliminated office of Assistant Treasurer. ARTICLE IV, SECTION 3 Eliminated redundant language re appointment of members to the committee; revised from "shall" to "may" the reference re appointment of the Immediate Past Chair to all committees; moved role of University System President, Chief Executive Officer, Foundation Counsel, Chief Financial Officer and new role of Director of Board Relations and Vice President of Development to new Article V, Key Officials and Staff; provided the Treasurer may delegate duties to the CFO. ARTICLE V Added new Article describing the roles of Key Officials and Staff to the Foundation; section (1)(a) revised duties of President to update to current law and regulations. ARTICLE VII Removed language specifying the timing of presenting the auditor's report to conform to current practice. ARTICLE VIII Revised process for dealing with a conflict of interest to reflect actual practice. ARTICLE IX (deleted) Eliminated entire article which was an outdated reference to employment of Foundation Staff. |
| Form 990, Part VI, Line 6 Classes of members or stockholders | THE FOUNDATION IS ESTABLISHED PURSUANT TO SECTION 1004.28 FLORIDA STATUTES, AS A DIRECT-SUPPORT ORGANIZATION OF THE UNIVERSITY OF SOUTH FLORIDA. THE GENERAL NATURE OF THE FOUNDATION IS TO PROVIDE PHILANTHROPIC SUPPORT; IN THE FORM OF MONEY AND OTHER FORMS OF PROPERTY AND SERVICES TO THE UNIVERSITY OF SOUTH FLORIDA ("UNIVERSITY") AND PERSONS, ASSOCIATIONS AND CORPORATIONS ASSOCIATED THEREWITH; TO PROMOTE EDUCATION AND OTHER RELATED ACTIVITIES OF THE UNIVERSITY; AND TO ENCOURAGE RESEARCH, LEARNING AND DISSEMINATION OF INFORMATION. THE FOUNDATION IS AUTHORIZED TO ACT AS THE FIDUCIARY AGENT ON BEHALF OF THE UNIVERSITY FOR THE RECEIPT, MANAGEMENT, AND DISTRIBUTION OF ALL PRIVATE GIFTS MADE TO OR FOR THE BENEFIT OF THE UNIVERSITY. THE ROLE OF THE FOUNDATION BOARD SPECIFICALLY INCLUDES ENCOURAGING PHILANTHROPIC SUPPORT OF UNIVERSITY PRIORITIES; APPROVAL OF POLICY; OVERSIGHT OF FINANCIAL MANAGEMENT; PARTICIPATION IN LONG-RANGE STRATEGIC PLANNING; PROVIDING VOLUNTEER LEADERSHIP FOR THE UNIVERSITY'S FUNDRAISING EFFORTS; AND SERVING IN AN ADVISORY CAPACITY TO THE UNIVERSITY PRESIDENT. THE MEMBERS OF THE FOUNDATION SHALL BE THE FOUNDATION BOARD, COMPRISED OF THE VOTING MEMBERS, INCLUDING ELECTED AND DESIGNATED MEMBERS; AND THE NON-VOTING MEMBERS, INCLUDING CAMPUS EXECUTIVE OFFICERS, EMERITUS MEMBERS AND OTHER INDIVIDUALS ELECTED PURSUANT TO ARTICLE II, SECTION 2(B). WITH THE EXCEPTION OF THE VOTING MEMBERS DESCRIBED IN ARTICLE II, SECTION 2(A)(1) AND (A)(6), ALL MEMBERS SHALL BE APPROVED BY THE USF BOARD OF TRUSTEES. THE FOUNDATION SHALL BE MANAGED BY AND UNDER THE DIRECTION OF THE FOUNDATION BOARD, AND BY OFFICERS AND COMMITTEES THEREOF, AS POWERS MAY BE DELEGATED TO SUCH OFFICERS AND COMMITTEES BY THESE BYLAWS OR BY RESOLUTION OF THE FOUNDATION BOARD. (A) VOTING MEMBERS. THE FOUNDATION BOARD SHALL BE COMPOSED OF AT LEAST TWENTY (20), BUT NOT MORE THAN FIFTY (50) ELECTED MEMBERS. IN ADDITION, THE FOLLOWING WILL SERVE AS DESIGNATED MEMBERS OF THE FOUNDATION: (1) PRESIDENT OF THE UNIVERSITY OF SOUTH FLORIDA OR HIS OR HER DESIGNEE. (2) PROVOST AND EXECUTIVE VICE PRESIDENT OF THE UNIVERSITY. (3) SR. VICE PRESIDENT FOR BUSINESS AND FINANCIAL STRATEGY OF THE UNIVERSITY. (4) CHAIR OF THE UNIVERSITY OF SOUTH FLORIDA ALUMNI ASSOCIATION. (5) A PERSON SELECTED AND APPOINTED TO THE BOARD BY THE CHAIRPERSON OF THE USF BOARD OF TRUSTEES, IN ACCORDANCE WITH SECTION 1004.28 FLORIDA STATUES. PROVIDED, HOWEVER, THAT ANY PERSON HOLDING MORE THAN ONE OF THE ABOVE OFFICES SHALL HAVE ONLY ONE VOTE AS A MEMBER OF THE FOUNDATION BOARD. (B) NON-VOTING MEMBERS. (1) THE EXECUTIVE OFFICERS OF EACH BRANCH CAMPUS OF THE UNIVERSITY; (2) THE EMERITUS MEMBERS; (3) OTHER INDIVIDUALS MAY SERVE AS NON-VOTING MEMBERS. SUCH MEMBERS SHALL BE NOMINATED BY MAJORITY VOTE OF THE NOMINATING AND BOARD DEVELOPMENT COMMITTEE AND SHALL BE ELECTED BY MAJORITY VOTE OF THE FOUNDATION BOARD AND SUBJECT TO APPROVAL BY THE USF BOARD OF TRUSTEES. (C) CURRENT USF EMPLOYEES DUE TO THE POTENTIAL FOR CONFLICTS OF INTEREST BETWEEN THE ROLE OF A BOARD MEMBER AND THE ROLE OF USF EMPLOYEE, UNLESS SERVING AS A DESIGNATED MEMBER OF THE BOARD, A CURRENT USF EMPLOYEE MAY ONLY BE ELECTED OR RENEWED AS A VOTING MEMBER AFTER REVIEW AND APPROVAL BY THE EXECUTIVE COMMITTEE. IF A VOTING MEMBER BECOMES A USF EMPLOYEE AFTER HIS OR HER ELECTION TO THE FOUNDATION BOARD, THEN THE EXECUTIVE COMMITTEE WILL REVIEW AND CONSIDER WHETHER HE OR SHE MAY SERVE THE REMAINDER OF HIS OR HER TERM OF SERVICE. |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | A COMPLETE DRAFT OF FORM 990, PREPARED INTERNALLY IN CONJUNCTION WITH OUTSIDE TAX ACCOUNTANTS AND REVIEWED BY UPPER MANAGEMENT IS MADE AVAILABLE ELECTRONICALLY TO ALL MEMBERS OF THE FOUNDATION BOARD FOR COMMENT AT LEAST ONE WEEK PRIOR TO FILING. THE AUDIT COMMITTEE OF THE BOARD PERFORMS A THOROUGH AND DETAILED REVIEW OF THE FORM 990 AND OTHER FEDERAL FORMS PRIOR TO REVIEW BY THE FULL BOARD AND PRIOR TO FILING. |
| Form 990, Part VI, Line 12c Conflict of interest policy | DUE TO THE VARIED INTERESTS AND BACKGROUNDS OF THE MEMBERS OF THE BOARD, SITUATIONS INVOLVING POSSIBLE CONFLICTS OF INTEREST MAY ARISE. IT IS THE RESPONSIBILITY OF THE MEMBERS OF THE BOARD TO GOVERN THE USF FOUNDATION'S AFFAIRS HONESTLY, EXERCISING DUE CARE, SKILL AND JUDGMENT FOR THE BENEFIT OF THE FOUNDATION. POTENTIAL OR APPARENT CONFLICTS OF INTEREST ARE DESCRIBED IN THE USF FOUNDATION CONFLICT OF INTEREST AND CONFIDENTIAL INFORMATION POLICY. IF A CONFLICT OF INTEREST, IN FACT, EXISTS, THE BOARD MEMBER SHALL DISCLOSE THE POTENTIAL OR APPARENT CONFLICT OF INTEREST IN THE ANNUAL CONFLICT OF INTEREST DISCLOSURE FOR BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES AND SHALL ABSTAIN FROM PARTICIPATION IN ANY VOTE OR DISCUSSION INVOLVING THE MATTER. THE USF FOUNDATION SENIOR DIRECTOR OF FOUNDATION BOARD RELATIONS IS RESPONSIBLE FOR THE ANNUAL DISTRIBUTION OF THE CONFLICT OF INTEREST AND CONFIDENTIAL INFORMATION POLICY AND THE COLLECTION OF THE ANNUAL CONFLICT OF INTEREST DISCLOSURE FOR BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES. THE SENIOR DIRECTOR OF FOUNDATION BOARD RELATIONS REPORTS ANY DISCLOSURE OF POTENTIAL OR APPARENT CONFLICTS WITH THE USF FOUNDATION'S CHAIR, CHIEF EXECUTIVE OFFICER AND RELEVANT COMMITTEE CHAIRPERSON. |
| Form 990, Part VI, Line 19 Required documents available to the public | THE USF FOUNDATION POSTS ITS GOVERNING DOCUMENTS (ARTICLES OF INCORPORATION AND BYLAWS), AUDITED FINANCIAL STATEMENTS FOR THE PRIOR THREE (3) FISCAL YEARS, INTERNAL REVENUE SERVICE DETERMINATION LETTER OF 501(C)(3) STATUS, MOST RECENTLY FILED INFORMATIONAL RETURN FORM 990, AND MOST RECENTLY FILED EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN FORM 990-T ON ITS WEBSITE (HTTP://GIVING.USF.EDU) FOR PUBLIC INSPECTION. THE FOUNDATION MAKES ITS CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. |
| Form 990, Part VIII, Line 11d Other Miscellaneous Revenue | Miscellaneous Revenuee - Total Revenue: 53140, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 53140; |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | USF Real Estate Foundation LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4202 E Fowler Ave | AddressLine1Txt |
| Address Line2 | ALC 100 | AddressLine2Txt |
| City | Tampa | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33620 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 590879015 | EIN |
| Primary Activities | REAL ESTATE | PrimaryActivitiesTxt |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Total Income | $223,498 | TotalIncomeAmt |
| End Of Year Assets | $109,443 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | USF Foundation Inc | BusinessNameLine1Txt |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd | Public Charity StatusPublicCharityStatusTxt |
|---|---|---|---|---|---|---|---|---|---|---|
| UNIVERSITY OF SOUTH FLORIDA | ||||||||||
| 4202 E FOWLER AVE | TAMPA | FL | 33620 | 593102112 | EDUCATION | FL | 501(c)(1) | N/A | false | |
| USF ALUMNI ASSOCIATION | ||||||||||
| 4202 E FOWLER AVE | TAMPA | FL | 33620 | 237357236 | ALUMNI RELATIONS | FL | 501(c)(3) | N/A | false | Type III-FI |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (true) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (true) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (true) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | Yes (true) | AssetExchangeInd |
| Rental Of Facilities To Oth Org | Yes (true) | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (true) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (true) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (true) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (true) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |