2019-05-13T17:00:48-05:00 2018-06-30 560574444 Cherry Bekaert LLP 1111 Metropolitan Avenue Suite 1000 Charlotte NC 28204 990 2017-07-01 590879015 University of South Florida Foundation UNIV 8139741801 4202 EAST FOWLER AVENUE ALC 100 TAMPA FL 33620 Robert Fischman CFO 2019-05-13 true P00748038 7043771678 2017 2019-02-21 02:37:17Z JOEL MOMBERG 4202 EAST FOWLER AVENUE ALC 100 TAMPA FL 33620 280677386 false X HTTP://GIVING.USF.EDU/ X 1960 FL TO ACCEPT, INVEST AND DISTRIBUTE PRIVATE GIFTS IN SUPPORT OF THE UNIVERSITY OF SOUTH FLORIDA. 50 44 0 412 181430 0 52419768 69249706 2581458 2869385 25734971 36716013 69189 -1120059 80805386 107715045 45808806 46514179 0 2195797 0 0 9841659 19891275 21254955 67895878 67769134 12909508 39945911 634019210 696495146 38892555 43529304 595126655 652965842 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. false false 46763659 46514179 2870667 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. 46763659 true true false true false false true false true true true false false true true true true false true true false true false true false false true false true false false false false false false false false true true false false true true false false false true 255 0 true 0 true true false false false false true true true false false false X 50 44 false false false false true false false true true false false true true true true true true false false false CA CO HI LA ME AK MD MA MI MN NH NJ NY OH OK OR SC TN UT WA WV WI X X Robert Fischman 8139741801 4202 E Fowler Ave ALC 100 Tampa FL 33620 GEORGE MORGAN CHAIRMAN 5.0 X X 0 0 0 RAY E NEWTON VICE CHAIRMAN 5.0 X X 0 0 0 BRIAN P KEENAN TREASURER 5.0 X X 0 0 0 MARK FERNANDEZ SECRETARY 5.0 X X 0 0 0 JOE P TEAGUE IMMEDIATE PAST CHAIR 1.0 X X 0 0 0 DON A ARIPOLI BOARD MEMBER 1.0 X 0 0 0 PETER BARONOFF BOARD MEMBER 1.0 X 0 0 0 REBECCA BAST BOARD MEMBER 1.0 X 0 0 0 FRANKLIN N BIGGINS BOARD MEMBER 1.0 X 0 0 0 ALAN C BOMSTEIN BOARD MEMBER 1.0 X 0 0 0 ALLEN BRINKMAN BOARD MEMBER 1.0 X 0 0 0 DARRYL M BURMAN BOARD MEMBER 1.0 X 0 0 0 JOIE S CHITWOOD BOARD MEMBER 1.0 X 0 0 0 SHAUKAT H CHOWDHARI BOARD MEMBER 1.0 X 0 0 0 CORNELIA G CORBETT BOARD MEMBER 1.0 X 0 0 0 TJ COUCH BOARD MEMBER 1.0 X 0 0 0 ROBERT DONALDSON BOARD MEMBER 1.0 X 0 0 0 GENE ENGLE BOARD MEMBER 1.0 X 0 0 0 JEFFREY D FISHMAN BOARD MEMBER 1.0 X 0 0 0 JUDY L GENSHAFT PRESIDENT, USF 5.0 35.0 X 0 778524 38931 GORDON L GILLETTE BOARD MEMBER 1.0 X 0 0 0 MICHAEL GRIFFIN BOARD MEMBER 1.0 X 0 0 0 STEVE GRIGGS BOARD MEMBER 1.0 X 0 0 0 OSCAR J HORTON BOARD MEMBER 1.0 X 0 0 0 ANILA JAIN BOARD MEMBER 1.0 X 0 0 0 ANTHONY JAMES BOARD MEMBER 1.0 X 0 0 0 TINA P JOHNSON BOARD MEMBER 1.0 X 0 0 0 STEPHANIE HOLMQUIST-JOHNSON BOARD MEMBER 1.0 X 0 0 0 TOD LEIWEKE BOARD MEMBER 1.0 X 0 0 0 JOHN LONG COO & SVP USF 5.0 35.0 X 0 341283 40703 DONNA LONGHOUSE BOARD MEMBER 1.0 X 0 0 0 LESLIE M MUMA BOARD MEMBER 1.0 X 0 0 0 BETTY OTTER-NICKERSON BOARD MEMBER 1.0 X 0 0 0 CAROLE F PHILIPSON BOARD MEMBER 1.0 X 0 0 0 VALERIE RIDDLE BOARD MEMBER 1.0 X 0 0 0 FRANK J RIEF III BOARD MEMBER 1.0 X 0 0 0 PAUL R SANBERG VP RESEARCH & INNOVATION 5.0 35.0 X 0 657597 42917 DEBBIE SEMBLER BOARD MEMBER 1.0 X 0 0 0 NANCY M SCHNEID BOARD MEMBER 1.0 X 0 0 0 LINDA O SIMMONS BOARD MEMBER 1.0 X 0 0 0 GEOFFREY A SIMON BOARD MEMBER 1.0 X 0 0 0 JOHN T SINNOTT ASSOC DEAN, COLLEGE MEDICINE 5.0 35.0 X 0 269066 37429 RICHARD SMITH BOARD MEMBER 1.0 X 0 0 0 CHARLES F TOUCHTON BOARD MEMBER 1.0 X 0 0 0 DAVID TOUCHTON BOARD MEMBER 1.0 X 0 0 0 JOSE VALIENTE BOARD MEMBER 1.0 X 0 0 0 RALPH WILCOX EXEC VP & PROVOST , USF 5.0 35.0 X 0 433137 30558 JOEL MOMBERG SR. VP, UNIV ADV & CEO USFF 40.0 X 0 1225978 40661 ROBERT FISCHMAN ASSOC VP, BUS & FIN, USFF CFO 40.0 X 0 204380 33716 NOREEN E SEGREST VP, COO & USFF COUNSEL 40.0 X 0 248070 38185 STEVEN BLAIR VP DEVELOPMENT 40.0 X 2514 258741 39220 JOANN ALESSANDRINI ASSOCIATE VP OF USF HEALTH 40.0 X 0 197834 16678 SCOTT KULL ASSOC VP OF DEVELOPMENT OF ATHLETICS 40.0 X 0 192180 19408 JULIE GILLESPIE ASSOC VP OF DEVELOPMENT 40.0 X 0 189188 30840 CHRIS BRAY ASSOC VP OF CONSTITUENT DEVELOPMENT 40.0 X 0 189120 32057 MARION YONGUE ASSOC VP OF GIFT PLANNING 40.0 X 0 123577 27123 2514 5308675 468426 0 false true true National Public Radio Inc 635 Massachusetts Avenue NW Washington DC 200013752 Programming Services 579057 Corcoran & Johnston 13945 5th Street Dade City FL 33525 Consulting Services 340000 Grenzebach Glier & Associates PO Box 775324 Chicago IL 606775324 Consulting Services 196505 American Public Media PO Box 64623 St Paul MN 551640623 Programming Services 173929 DCE Live Inc 2909 W Bay To Bay Boulevard Ste 110 Tampa FL 336298162 Video Engineering 137835 8 1395940 14669017 53184749 13197104 69249706 PUBLIC BROADCASTING SPONSORSHIPS 515111 2100397 2100397 ALUMNI CENTER RENTAL 531110 44794 21840 22954 MEMBERSHIP DUES 813410 49713 49713 RENTAL INCOME -USFSP 531110 500481 500481 RENTAL INCOME -USF REAL ESTATE FND 531110 174000 174000 0 0 0 0 2869385 10215311 158476 10056835 0 0 197116436 170615734 26500702 0 26500702 26500702 1202312 1395940 2346607 -1144295 -1144295 ATHLETIC 80/20 REVENUE 713990 24236 24236 0 0 0 0 24236 107715045 2870667 181430 35413242 46493379 46493379 20800 20800 47516 47516 82300 82300 488796 488796 3030601 3030601 548444 0 412415 136029 361362 102590 258772 111676 25110 86566 68707 30402 38305 138662 138662 187651 110818 76833 268761 268761 EMPLOYEE LEASING EXPENSE 14500952 5839175 8661777 COMMUNITY RELATIONS 398423 398423 INVESTMENT EXPENSES 609185 609185 411919 0 150132 261787 67769134 46763659 11163816 9841659 803271 1025848 44859410 45972156 92553 286461 0 0 0 23443365 989952 9732783 22453413 469047582 497151659 83251205 98924408 0 26232406 30681201 634019210 696495146 1443613 937311 0 5447403 5085584 32001539 37506409 38892555 43529304 X 13520185 13998771 224788997 273834662 356817473 365132409 595126655 652965842 634019210 696495146 X 39945911 18801878 -908602 X false true X true false X 31132933 62882753 49288543 52624110 69249706 265178045 0 300000 300000 300000 300000 300000 1500000 31432933 63182753 49588543 52924110 69549706 266678045 14872153 251805892 8691929 8836549 7272112 8419582 10215311 43435483 0 0 0 0 0 0 223063 316533 0 0 0 539596 310653124 11294255 0.8106 0.8046 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER REVENUE, COLUMN A - 223063.0, COLUMN B - 316533.0, COLUMN C - , COLUMN D - , COLUMN E - , COLUMN F - 539596.0; false false false false false false true 488796 false false 488796 false Schedule C, Part II-B, Line 1g DESCRIPTION OF THE ACTIVITIES REPORTED ON LINES 1A THROUGH 1I $104 WAS EXPENDED IN GENERAL SUPPORT OF THE UNIVERSITY OF SOUTH FLORIDA OFFICE OF GOVERNMENT RELATIONS DURING THE 2017-2018 FLORIDA STATE LEGISLATIVE SESSION. A FEE OF $488,692 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. 248951 3787810 X X X X false 471893729 13026317 54764834 18260412 0 8423080 513001388 419550240 14158675 65975024 17056919 2793673 7939618 471893729 446608407 6445611 -6853309 16645307 2244045 7761117 419550240 449776559 7307818 13627096 15825336 865115 7412615 446608407 391672650 4465829 75721388 14629220 660448 6793640 449776559 0.0631 0.6427 0.2942 false false 12450000 6620413 19070413 4221717 838717 3383000 11417 11417 0 139818 139818 0 22453413 Private Equity Partnership Investments 37926069 F Fixed Income Partnership Investments 29073871 F Real asset Partnership Investments 31924468 F 98924408 AMOUNTS DUE TO THIRD PARTY BNF 33225731 ANNUITIES AND LIFE INCME TRSTS 614722 DUE TO USF 3665956 37506409 X 122877137 18801878 0 18801878 104075259 3639786 0 3639786 107715045 65037950 0 0 65037950 3639786 -908602 2731184 67769134 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 D, Part X, Line 2 FIN 48 (ASC 740) footnote THE FOUNDATION HAS BEEN GRANTED TAX-EXEMPT STATUS UNDER SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. INCOME EARNED IN FURTHERANCE OF THE FOUNDATION'S TAX-EXEMPT PURPOSES IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE FOUNDATION ADOPTED THE PROVISIONS OF THE ACCOUNTING STANDARDS CODIFICATION NO. 740-10-25 (ASC 750-10-25), ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, EFFECTIVE JULY 1, 2007. ASC 740-10-25 CLARIFIES THE ACCOUNTING FOR INCOME TAXES BY PRESCRIBING THE MINIMUM RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. ASC 740-10-25 PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. THE FOUNDATION DETERMINED THAT DURING THE YEARS ENDED JUNE 30, 2018 AND 2017, THE IMPACT OF ASC 740-10-25 DID NOT HAVE A MATERIAL EFFECT ON ITS FINANCIAL POSITION, ACTIVITIES, OR CASH FLOWS. Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Provision for uncollectible pledges - -908602 true Central America and the Caribbean 0 0 Program Services SEE SCH F, PART V 980 East Asia and the Pacific 0 0 Program Services SEE SCH F, PART V 5930 Europe (Including Iceland and Greenland) 0 1 Program Services SEE SCH F, PART V 87461 South Asia 0 1 Program Services SEE SCH F, PART V 8447 Sub-Saharan Africa 0 0 Program Services SEE SCH F, PART V 5823 North America (Canada & Mexico only) 0 0 Program Services SEE SCH F, PART V 19070 South America 0 0 Program Services SEE SCH F, PART V 992 Middle East and North Africa 0 0 Program Services SEE SCH F, PART V 2969 Central America and the Caribbean 0 0 Investments SEE SCH F, PART V 7565047 0 2 0 0 0 2 7696719 0 7696719 SEE SCHEDULE F, PART V Europe (Including Iceland and Greenland) 1 20000 WIRETRANSFER SEE SCHEDULE F, PART V South Asia 1 800 WIRETRANSFER true false true true true false 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. USF Unstoppable Campaign 751435 629347 122088 370113 351093 28561 Accounting Circle 217627 34500 183127 27483 4331 2844 65 1629190 732093 897097 677454 470607 414121 2598252 1395940 1202312 1075050 826031 445526 2346607 -1144295 Schedule G, Part II FUNDRAISING ACTIVITES, SCH G PART III 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 $1,144,295 FROM THE FUND RAISING EVENTS ON LINE 11, SCHEDULE G WITH THE $1,395,940 OF CONTRIBUTIONS REFLECTED ON LINE 1C, PART VIII. true University of South Florida 4202 E Fowler Ave Tampa FL 33620 593102112 170(C)(1) 46432679 ACADEMIC & STUDENT SUPPORT 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. 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. X true true X X X X X X false false false false false false false false false JUDY L GENSHAFT PRESIDENT, USF 0 493010 0 168875 0 116639 0 22333 0 16598 0 817455 0 0 JOHN LONG COO & SVP USF 0 323913 0 16350 0 1020 0 22174 0 18529 0 381986 0 0 PAUL R SANBERG VP RESEARCH & INNOVATION 0 505977 0 150000 0 1620 0 24314 0 18603 0 700514 0 0 JOHN T SINNOTT ASSOC DEAN, COLLEGE MEDICINE 0 267626 0 0 0 1440 0 20831 0 16598 0 306495 0 0 RALPH WILCOX EXEC VP & PROVOST , USF 0 422791 0 0 0 10346 0 22131 0 8427 0 463695 0 0 JOEL MOMBERG SR. VP, UNIV ADV & CEO USFF 0 529111 0 0 0 696867 0 22050 0 18611 0 1266639 0 0 ROBERT FISCHMAN ASSOC VP, BUS & FIN, USFF CFO 0 203360 0 0 0 1020 0 17118 0 16598 0 238096 0 0 NOREEN E SEGREST VP, COO & USFF COUNSEL 0 236450 0 4000 0 7620 0 19690 0 18495 0 286255 0 0 STEVEN BLAIR VP DEVELOPMENT 2514 245919 0 3000 0 9822 0 20720 0 18500 2514 297961 0 0 JOANN ALESSANDRINI ASSOCIATE VP OF USF HEALTH 0 190214 0 0 0 7620 0 8921 0 7757 0 214512 0 0 SCOTT KULL ASSOC VP OF DEVELOPMENT OF ATHLETICS 0 183580 0 0 0 8600 0 11651 0 7757 0 211588 0 0 JULIE GILLESPIE ASSOC VP OF DEVELOPMENT 0 181420 0 0 0 7768 0 14242 0 16598 0 220028 0 0 CHRIS BRAY ASSOC VP OF CONSTITUENT DEVELOPMENT 0 179545 0 0 0 9575 0 15459 0 16598 0 221177 0 0 MARION YONGUE ASSOC VP OF GIFT PLANNING 0 122557 0 0 0 1020 0 10525 0 16598 0 150700 0 0 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 $4,725,000 FOR THE YEAR ENDED JUNE 30, 2018. 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 X 11 302247 Market value X 50215 Market value X 3 116224 Market value X 1 12450000 Market value X Equipment 10 119349 Market value X Medical Equipment 2 3076 Market value X Pianos 2 110000 Market value X Sports Related Items 5 20147 Market value X Miscellanous 16 25846 Market value 9 false true true Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions 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. 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 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 2018 FOR THE FOLLOWING POSITIONS: * PRESIDENT, UNIVERSITY OF SOUTH FLORIDA * SR. VICE PRESIDENT, UNIVERSITY ADVANCEMENT AND CEO, USF FOUNDATION * 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 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 SYSTEM ("UNIVERSITY SYSTEM") AND PERSONS, ASSOCIATIONS AND CORPORATIONS ASSOCIATED THEREWITH; TO PROMOTE EDUCATION AND OTHER RELATED ACTIVITIES OF THE UNIVERSITY SYSTEM; AND TO ENCOURAGE RESEARCH, LEARNING AND DISSEMINATION OF INFORMATION. THE FOUNDATION IS AUTHORIZED TO ACT AS THE FIDUCIARY AGENT ON BEHALF OF THE UNIVERSITY SYSTEM FOR THE RECEIPT, MANAGEMENT, AND DISTRIBUTION OF ALL PRIVATE GIFTS MADE TO OR FOR THE BENEFIT OF THE UNIVERSITY SYSTEM. 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 SYSTEM'S FUNDRAISING EFFORTS; AND SERVING IN AN ADVISORY CAPACITY TO THE UNIVERSITY SYSTEM 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). 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, ONE OF WHOM SHALL BE A FULL-TIME FACULTY MEMBER OR A DEAN OF THE UNIVERSITY SYSTEM. IN ADDITION, THE FOLLOWING WILL SERVE AS DESIGNATED MEMBERS OF THE FOUNDATION: (1) PRESIDENT OF THE UNIVERSITY SYSTEM. (2) PROVOST AND EXECUTIVE VICE PRESIDENT OF THE UNIVERSITY SYSTEM. (3) SR. VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT OF THE UNIVERSITY SYSTEM. (4) CHIEF OPERATING OFFICER OF THE UNIVERSITY SYSTEM. (5) PRESIDENT OF THE UNIVERSITY OF SOUTH FLORIDA ALUMNI ASSOCIATION. (6) PRESIDENT OF THE USF BULLS CLUB. 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 CAMPUS EXECUTIVE OFFICERS OF EACH REGIONAL CAMPUS OR INSTITUTION OF THE UNIVERSITY SYSTEM; (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. 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 XI, Line 9 Other changes in net assets or fund balances Provision for uncollectible pledges - -908602; USF Real Estate Foundation LLC 4202 E Fowler Ave ALC 100 Tampa FL 33620 590879015 REAL ESTATE FL 174000 12450000 USF Foundation Inc 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) Type III-FI N/A false false true true true false false false false true true false true true true true true true false false