2018-11-14T08:51:49-06:00 2018-06-30 KPMG LLP 300 North Greene Street Suite 400 Greensboro NC 27401 990 2017-07-01 237310293 UNIVERSITY OF MISSISSIPPI FOUNDATION % MAGGIE ABERNATHY UNIV 6629155944 406 UNIVERSITY AVENUE OXFORD MS 38655 MAGGIE ABERNATHY TREASURER 2018-11-15 true DAVID L STARK CPA P00892024 3362753394 2018-11-15 167.68.102.5 56038220183185000000 2018-11-14 P C8CB3EFEA1BF4B35460B00C83F6DA374EAE250A1 C8CB3EFEA1BF4B35460B00C83F6DA374EAE250A1 2017 2019-02-21 02:37:17Z MR WENDELL WEAKLEY UNIV OF MS FOUNDATION OXFORD MS 38655 161933713 false X WWW.UMFOUNDATION.COM X 1973 MS THE FOUNDATION IS RESPONSIBLE FOR RECEIVING, RECEIPTING, INVESTING, AND DISTRIBUTING GIFTS FOR THE BENEFIT OF THE UNIVERSITY OF MISSISSIPPI. 33 32 20 32 -86518 -109381 57704577 45671883 2855926 1496744 12794398 25177805 577879 568051 73932780 72914483 31990728 35521800 0 0 2404498 2509055 250712 119697 1041458 2217622 3485330 36863560 41635882 37069220 31278601 532799025 577366878 29107469 31487634 503691556 545879244 X THE UNIVERSITY OF MISSISSIPPI FOUNDATION IS A NONPROFIT CORPORATION CHARTERED IN 1973 BY THE STATE OF MISSISSIPPI TO OPERATE PRIMARILY FOR THE BENEFIT OF THE UNIVERSITY OF MISSISSIPPI. THE FOUNDATION IS RESPONSIBLE FOR RECEIVING, RECEIPTING, INVESTING AND DISTRIBUTING ALL GIFTS FOR THE BENEFIT OF THE UNIVERSITY OF MISSISSIPPI. IT PURSUES THIS MISSION IN AN ENVIRONMENT OF PRODUCTIVE TEAMWORK, EFFECTIVE COMMUNICATION, AND RELENTLESS SERVICE TO OUR DONORS, UNIVERSITY ADMINISTRATORS, FACULTY, STAFF AND STUDENTS. COMMUNICATION OF UNIVERSITY NEEDS AND PRIORITIES ALONG WITH ENCOURAGING INVESTMENT IN THE FUTURE OF OLE MISS ARE INTEGRAL TO OUR SUCCESS. INTEGRITY, HONOR, CIVILITY, SERVICE AND RESPECT FOR OUR DONORS AND THEIR WISHES SERVE AS THE FOUNDATION'S GUIDING PRINCIPLES. false false 16661361 16661361 UNIVERSITY PROGRAMS - TRANSFERS TO THE UNIVERSITY TO BE USED TO PROVIDE NON-ACADEMIC PROGRAMS AND ACTIVITIES, SUCH AS HONORS PROGRAMS, LIBRARIES, AND SPECIAL EVENTS. 7887853 7887853 SCHOLARSHIPS - TRANSFERS TO THE UNIVERSITY FOR DIRECT STUDENT FINANCIAL SUPPORT. 4528918 4528918 ACADEMIC EXCELLENCE - TRANSFERS TO UNIVERSITY ACADEMIC DEPARTMENTS FOR FACULTY AND GENERAL USE, ACCOUNTANCY, APPLIED SCIENCE, BUSINESS, EDUCATION, ENGINEERING, JOURNALISM, LAW, LIBERAL ARTS, MEDICAL CENTER, PHARMACY, OUTREACH, AND RESEARCH. 8682462 6443668 1565594 OTHER 8682462 6443668 1565594 37760594 true true false true false false false false false true true true false false true true true false false false false false false true true false false true false true false false false false false false false false true true false false true true true false false false true 118 0 true 20 true true true false false false false false false false false false X 33 32 true false false false false false false true true false false true true true true true true true true false AK AR CA CO CT FL LA MD MA MS NH NJ NY OH UT WA WV X X MAGGIE ABERNATHY 6629155944 406 UNIVERSITY AVENUE OXFORD MS 38655 Wendell Weakley Pres/CEO 40.0 0.5 X X 252423 0 54141 Robert Bailess Director 0.01 0.0 X 0 0 0 John L Black Jr Director 0.01 0.0 X 0 0 0 Louis K Brandt Director 0.01 0.0 X 0 0 0 Jimmy Brown Director 0.01 0.0 X 0 0 0 Larry H Bryan Director 0.01 0.0 X 0 0 0 Roland O Burns Jr Director 0.01 0.0 X 0 0 0 Charles Cannada Director 0.01 0.0 X 0 0 0 James O Carpenter Chair 0.01 0.0 X X 0 0 0 W Hunter Carpenter Director 0.01 0.0 X 0 0 0 Leon Collins Director 0.01 0.0 X 0 0 0 Allen H Crosswell Director 0.01 0.0 X 0 0 0 Martha Dowd Dalrymple Director 0.01 0.0 X 0 0 0 Mike L Ducker Director 0.01 0.0 X 0 0 0 S Lawrence Farrington Director 0.01 0.0 X 0 0 0 Rose J Flenorl Director 0.01 0.0 X 0 0 0 Martha Dale Fritts Director 0.01 0.0 X 0 0 0 Don L Fruge' Director 0.01 0.0 X 0 0 0 Bill A Geary Director 0.01 0.0 X 0 0 0 T Michael Glenn Director 0.01 0.0 X 0 0 0 Mary Donnelly Haskell Director 0.01 0.0 X 0 0 0 Jamie G Houston Director 0.01 0.0 X 0 0 0 James E Keeton Director 0.01 0.0 X 0 0 0 C Matthew Lusco Director 0.01 0.0 X 0 0 0 Susan C McCormick Director 0.01 0.0 X 0 0 0 Michael T McRee Director 0.01 0.0 X 0 0 0 Karen B Moore Director 0.01 0.0 X 0 0 0 Markeeva A Morgan Director 0.01 0.0 X 0 0 0 Richard G Noble Director 0.01 0.0 X 0 0 0 Renvy G Pittman Director 0.01 0.0 X 0 0 0 Joe Frank Sanderson Jr Director 0.01 0.0 X 0 0 0 Suzan Thames CHAIR-ELECT 0.01 0.0 X X 0 0 0 Lis Triplett Walker Director 0.01 0.0 X 0 0 0 Sandra Guest Vice Pres/SECRETARY 40.0 0.0 X 174755 0 37327 Maggie Abernathy Treas/CFO 40.0 0.0 X 144000 0 30386 Ron Guest Exec Dir 40.0 0.0 X 152505 0 33783 Barbara Daush Dev Dir 40.0 0.0 X 150000 0 31331 Lance Felker Dir of IT 40.0 0.0 X 109750 0 24710 983433 0 211678 6 false true false RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 503030718 FUNDRAISING 415512 Presentation Design Group LLC 1010 Obie Street EUGENE OR 97402 RENOVATION COSTS 229513 Power Wellness Management LLC 851 Oak Creek Drive LOMBARD IL 60148 SOFT/HARDWARE COSTS 186669 KPMG LLP Dept 0608 PO Box 120608 DALLAS TX 753120608 AUDIT AND TAX SERV. 137095 4 177830 3870000 41624053 3356682 45671883 EVENT TICKETS 611710 894636 894636 UMMC FUND 611710 602108 602108 1496744 9202856 -86518 9289374 0 1305 1305 185000 68328 116672 0 116672 116672 104461512 88486563 15974949 15974949 15974949 845563 177830 464339 381224 381224 0 0 0 0 0 0 OTHER REVENUE 900099 68850 68850 68850 72914483 1565594 -86518 25763524 35521800 35521800 0 0 0 983433 983433 0 981901 555499 426402 271813 271813 162793 31212 131581 109115 109115 0 0 291753 150767 140986 60501 60501 119697 119697 1540013 1540013 105866 105866 273801 28956 42203 202642 291220 137619 146269 7332 106388 106388 0 69241 69241 445157 257138 14694 173325 0 6425 3460 2965 0 0 143297 143297 50775 3058 47717 UMMC FUND EXPENSES 67286 65166 2120 DUES AND SUBSCRIPTIONS 2968 2968 OTHER 30639 29530 1109 41635882 37760594 2833830 1041458 0 0 2412726 3866290 68728048 69532717 0 0 0 0 0 0 0 0 0 0 0 0 4707550 2382627 2484477 2324923 151013733 153866165 297364721 336065451 0 0 0 0 10795320 11711332 532799025 577366878 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 29107469 31487634 29107469 31487634 X 18099691 17065336 248262610 280148014 237329255 248665894 503691556 545879244 532799025 577366878 X 31278601 10840853 68234 X false true X true false X 44423112 48814740 60467804 57704577 45671883 257082116 0 0 44423112 48814740 60467804 57704577 45671883 257082116 21172552 235909564 7191560 5407273 5427574 6863824 9389161 34279392 0 0 2301426 1509161 1772275 3504627 2411157 11498646 302860154 10018798 0.77894 0.81424 X false false false false false false false false true 60501 60501 false SCHEDULE C, PART II-B, LINE 1I LOBBYING ACTIVITIES UNIVERSITY OF MISSISSIPPI FOUNDATION PAID SIDNEY ALLEN AND CAROLINE SIMS WITH BUTLER, SNOW ET AL. TO BE A LOBBYIST ON ITS BEHALF. false 338448122 11898387 33273690 14787203 368832996 297720580 13816581 37563115 10652154 338448122 306050162 11134800 -10064001 10000381 297120580 293617039 15997132 5290202 8854211 306050162 251307007 9486836 40123768 7300572 293617039 0.00000 0.66540 0.33460 false false 300000 300000 2890185 1585244 1304941 349819 343307 9512 1164546 454076 710470 2324923 REAL ESTATE TYPE INVESTMENTS 3919468 F POOLED INVESTMENT FUNDS 332145983 F 336065451 0 FUNDS HELD FOR OTHERS 24387393 REMAINDER TRUST LIABILITIES 4600059 OTHER LIABILITIES 2500182 31487634 X 84421156 10840853 665820 11506673 72914483 72914483 42233468 597586 597586 41635882 41635882 PART V, LINE 4 INTENDED USE OF ORGANIZATION'S ENDOWMENT FUNDS THE FOUNDATION INTENDS TO USE THE ENDOWMENTS FOR THE BENEFIT OF THE UNIVERSITY OF MISSISSIPPI BY PROVIDING FUNDING FOR SCHOLARSHIPS AND OTHER UNIVERSITY ACTIVITIES. PART XI, LINE 2D OTHER RECONCILIATION OF REVENUE CREDIT CARD RECLASS 64,919 FUNDRAISING EXPENSE RECLASS 464,339 RENT RECLASS 68,328 CHANGE IN VALUE SPLIT-INTEREST AGREEMENTS (86,796) CHANGE IN VALUE OF CASH SURRENDER OF LIFE INSURANCE 155,030 --------- 665,820 TOTAL PART XII, LINE 2D OTHER RECONCILIATION OF EXPENSES RENTAL RECLASS 68,328 CREDIT CARD RECLASS 64,919 FUNDRAISING EXPENSE RECLASS 464,339 ----------- 597,586 TOTAL PART X, LINE 2 ASC 740 FOOTNOTE The Foundation is recognized as an organization exempt from federal income tax under Section 501(a) as an entity described in Section 501(c)(3) of the U.S. Internal Revenue Code, except for taxes on income from activities unrelated to its exempt purpose. As of June 30, 2018 and 2017, there were no material uncertain tax positions. X X X X X true RUFFALO NEAL LEVITZ PHONE SOLICITING false 940394 382918 557477 940394 382918 557477 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY UMMC MIND CNTR 324413 324413 31172 14094 192500 23863 HARVEST SUPPER 209503 209503 28585 33558 19804 8 489477 177830 311647 4000 6599 45187 2500 62477 1023393 177830 845563 4000 66356 92839 195000 106144 464339 381224 true UNIVERSITY OF MISSISSIPPI 236 LYCEUM UNIVERSITY MS 38677 646001159 501(C)(3) 22249460 4528918 COMP SALES VARIOUS SEE PART IV UNIVERSITY OF MISS MEDICAL CENTER 2500 NORTH STATE STREE JACKSON MS 39216 646008520 501(C)(3) 8743422 SEE PART IV 2 PART I, LINE 2 MONITORING PROCEDURES OF FUNDS IN THE US THE UNIVERSITY OF MISSISSIPPI FOUNDATION DISBURSES FUNDS DIRECTLY TO THE UNIVERSITY OF MISSISSIPPI AS REQUESTED BY DEPARTMENTS WITHIN THE SCHOOL. FUNDS SENT TO THE UNIVERSITY AS A CASH GRANT ARE NOT DISBURSED WITHOUT THE FOUNDATION RECEIVING WRITTEN REQUEST AND PROPER APPROVAL AND AUTHORIZATION FROM THE DESIGNATED DEPARTMENT THE PAYMENT IS TO BENEFIT. THE UNIVERSITY DOES NOT MONITOR THE GRANTS DIRECTLY MADE TO THE UNIVERSITY ONCE THE MONEY IS DISBURSED. PART II, LINE 1 PURPOSE OF GRANTS GRANTS PAID TO THE UNIVERSITY OF MISSISSIPPI ACADEMIC EXCELLENCE: $4,528,918 UNIVERSITY SUPPORT: $14,361,607 SCHOLARSHIPS: $7,887,853 GRANTS PAID TO THE UNIVERSITY OF MISSISSIPPI MEDICAL CENTER TO FUND OPERATIONAL EXPENSES OF THE MEDICAL CENTER: $8,743,422. X X false false false false false false false false false Wendell Weakley Pres/CEO 252423 0 0 0 0 0 37800 0 16341 0 306564 0 0 0 Sandra Guest Vice Pres/SECRETARY 174755 0 0 0 0 0 27524 0 9803 0 212082 0 0 0 Maggie Abernathy Treas/CFO 144000 0 0 0 0 0 22680 0 7706 0 174386 0 0 0 Ron Guest Exec Dir 152505 0 0 0 0 0 24020 0 9763 0 186288 0 0 0 Barbara Daush Dev Dir 150000 0 0 0 0 0 23625 0 7706 0 181331 0 0 0 PART 1, LINE 3 COMPENSATION PROCESS IN ORDER TO ESTABLISH THE COMPENSATION OF THE FOUNDATION'S CEO/EXECUTIVE DIRECTOR, PROPOSED ADJUSTMENTS ARE PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR INDIVIDUAL APPROVAL. THE FOUNDATION COMPARES THE SALARIES TO COMPARABLE POSITIONS AT THE UNIVERSITY TO DETERMINE ANY LARGE DISPARITIES OR DISCREPANCIES. X 3 7700 APPRAISAL X 61986 APPRAISAL X 79 3270624 ACTUAL X 2 2231 ACTUAL X COMPACT DISCS 1 580 COMPARABLE X BOOKCASE WITH LADDER 1 4394 APPRAISAL X CATERING 1 3000 ACTUAL X FLOWERS 1 607 ACTUAL X IRON FENCING 1 5000 COMPARABLE X GIFT CERTIFICATES 1 1000 ACTUAL X MUSICAL INSTRUMENTS 2 57546 APPRAISAL X RIFLE 1 3500 COMPARABLE X SHEET MUSIC 1 300 COMPARABLE X OTHER 3 200 COMPARABLE false true true FORM 990, SCHEDULE M, QUESTION 32A USE OF THIRD PARTIES UNIVERSITY OF MISSISSIPPI FOUNDATION USES THIRD PARTY STOCK BROKERS TO PROCESS NON-CASH CONTRIBUTIONS. OTHER PROGRAM SERVICES - PART III, LINE 4D OTHER PROGRAM EXPENSES - FUNDS TRANSFERRED FOR UNIVERSITY FACILITIES, SALARY, OFFICE, TRAVEL, PROMOTION, ETC. COMPLIANCE POLICY - PART VI, LINE 12C ANNUALLY, EACH BOARD MEMBER IS REQUIRED TO REVIEW THE FOUNDATION CONFLICT OF INTEREST POLICY. THIS IS DOCUMENTED BY A SIGNED CONFIRMATION STATEMENT FROM EACH MEMBER. 990 REVIEW - PART VI LINE 11A AS PER THE FOUNDATION BY-LAWS AND THE CHARTER OF THE AUDIT COMMITTEE, THE AUDIT COMMITTEE REVIEWS THE FORM 990 WITH FOUNDATION MANAGEMENT. THIS IS DOCUMENTED IN THE COMMITTEE MINUTES. THE 990 IS EMAILED TO EACH MEMBER OF THE GOVERNING BODY PRIOR TO THE FILING OF THE RETURN. PUBLIC AVAILABILITY OF DOCUMENTS - PART VI, LINE 19 THE FOUNDATION GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AS WELL AS POSTED TO THE FOUNDATION WEBSITE AT WWW.UMFOUNDATION.COM. FAMILY RELATIONSHIP - PART VI, LINE 2 SANDRA M. GUEST, VICE-PRESIDENT/SECRETARY AND RONNIE D. GUEST, DIRECTOR OF FOUNDATION SERVICES HAVE A FAMILY RELATIONSHIP. CHANGES IN NET ASSETS - PART XI, LINE 9 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS (86,796) CHANGE IN VALUE OF CASH SURRENDER OF LIFE INSURANCE 155,030 --------- 68,234 TOTAL UNIV OF MISS FOUNDATION REALTY LLC 406 UNIVERSITY AVE OXFORD MS 38655 205945758 REAL ESTATE MS -43421 480000 UMF ISOM PLACE LLC 406 UNIVERSITY AVE OXFORD MS 38655 640865754 FACILITY RENT MS -89395 711050 UMF MISSISSIPPI COMMON FUND TRUST 406 UNIVERSITY AVENUE OXFORD MS 38655 640875827 FUNDRAISING MS 501(C)(3) PF UMF true UNIVERSITY OF MISSISSIPPI 216 LYCEUM UNIVERSITY MS 38677 646001159 PUBLIC UNIV. MS 509(A)(1) 2 NA false UNIV OF MISSISSIPPI MEDICAL CENTER 2500 NORTH STATE STREET JACKSON MS 39216 646008520 MEDICAL UNIV. MS 501(C)(3) NA false OLE MISS ATHLETICS FOUNDATION PO BOX 355 UNIVERSITY MS 38677 640474850 ATHLETICS MS 501(C)(3) 5 UMF false CHARITABLE REMAINDER UNITRUST (10) 406 UNIVERSITY AVENUE OXFORD MS 38655 TRUST MS UMF Trust CHARITABLE REMAINDER ANNUITY TRUST (4) 406 UNIVERSITY AVENUE OXFORD MS 38655 TRUST MS UMF Trust false true true false false false false false true false true false false false false false false false UNIVERSITY OF MISSISSIPPI b 29078132 CASH PAID UNIVERSITY OF MISS MEDICAL CENTER b 8743422 CASH PAID MISSISSIPPI COMMON FUND TRUST c 3870000 CASH RECEIVED UNIVERSITY OF MISSISSIPPI j 253850 BILLING AGMT UNIVERSITY OF MISSISSIPPI l 425000 AFFL. AGMT SCHEDULE R, PART II, LINE 4 RELATED TAX-EXEMPT ORGANIZATIONS UNIVERSITY OF MISSISSIPPI FOUNDATION AND OLE MISS ATHLETICS FOUNDATION ARE DEEMED TO BE RELATED AS BROTHER/SISTER ORGANIZATIONS.