2018-08-15T16:57:22-05:00 2017-09-30 454084437 Warren Averett LLC 3815 Interstate Ct Montgomery AL 36109 990 2016-10-01 636067755 Troy University Foundation TROY 3346703000 Adams Administration Bldg No 241 Troy State University AL 36082 dr James Bookout Treasurer 3346703000 2018-08-13 1 Jeri Groce P01333499 3342712200 2018-08-13 2016 2022-09-23 18:48:47Z dr James Bookout 241 Adams Administration Troy AL 36082 19759368 0 X www.troy.edu/development/foundation X 1968 AL SUPPORT OF TROY UNIVERSITY STUDENTS, FACULTY, STAFF AND ALUMNI 21 21 0 21 208831 130569 4490994 4251814 1628650 1529967 2979490 1080673 3712945 3351510 12812079 10213964 3651743 3836324 0 0 0 0 0 0 0 3562419 7837420 7214162 11673744 5597917 -1459780 154991470 168133949 75717597 87006456 79273873 81127493 To assist Troy University in building its endowment through a coordinated donor program and sound investment policy thereby ensuring reliable resources for the future. 0 0 8177809 3836324 4749791 SUPPORT OF TROY UNIVERSITY SYSTEM ACADEMICS, LIBRARY, FACULTY, STAFF, ALUMNI AND STUDENT PROGRAMS FOR APPROXIMATELY 15,000 STUDENTS AND 100,000 ALUMNI. 8177809 1 1 0 0 0 0 0 1 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 1 45 0 1 0 1 1 0 0 0 0 0 0 0 0 0 X 21 21 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 AL X X dr James Bookout 3346703108 ADAMS ADMINISTRATION BUILDING TROY AL 36082 X dr james r andrews emeritus 1.00 X 0 0 0 dr james bookout Jr Treasurer 1.00 X X 0 0 0 Horace Horn Jr board member 1.00 X 0 0 0 MR BILL HOPPER board member (Alumni) 1.00 X 0 0 0 Karen Carter chairman 1.00 X X 0 0 0 David Mallach board member 1.00 X 0 0 0 DR JEFFREY DUGAS board member 1.00 X 0 0 0 Dr Jack Hawkins jr President 1.00 X X 0 0 0 larry hughes vice-chair 1.00 X X 0 0 0 john r ferguson board member 1.00 X 0 0 0 dr manuel johnson jr board member 1.00 X 0 0 0 MS BECKY WATSON Vice PResident/Secretary 1.00 X X 0 0 0 doug mims board member 1.00 X 0 0 0 DR HARREL MCKINNEY board member 1.00 X 0 0 0 RANDALL MOORE board member 1.00 X 0 0 0 DR AMY MORRIS board member 1.00 X 0 0 0 MRS CLAUDENE NICHOLS board member 1.00 X 0 0 0 Major Gen Walter Givhan EXECUTIVE VICE PRESIDENT 1.00 X X 0 0 0 H WILLIAM WASDEN board member 1.00 X 0 0 0 roy drinkard board member 1.00 X 0 0 0 dr earl johnson board member 1.00 X 0 0 0 Jeffrey Coleman board member 1.00 X 0 0 0 0 0 0 0 0 0 0 Whaley Construction PO Box 768 Troy AL 36081 construction 4068929 outfront media PO Box 33074 Newark NJ 07188 sports management 576429 sodexo Inc & Affiliates 117 Adams St troy AL 36081 catering services 185804 goodwyn mills & cawood Inc 2660 East Chase Lane Suite 200 Montogmery AL 36117 engineering services 164166 mckee & associates 309 Madison Street Troy AL 36081 engineering services 106250 11 98894 4152920 191920 4251814 Rental Income 900099 1529967 1529967 1529967 836503 836503 437000 228169 208831 208831 208831 9290459 9046289 244170 244170 244170 193801 98894 270946 -77145 -77145 Other income 900099 3105840 3105840 VENDING COMMISSIONS 900099 93822 93822 AFFINITY CARD AND ROYALTIES 900099 20162 20162 3219824 10213964 4749791 208831 1003528 3836324 3836324 649 649 3333 3333 53835 53835 705995 570810 135185 225 225 109650 33104 76546 121597 121597 232090 7133 224957 43125 2300 40825 422860 10949 411911 524214 524214 44038 44038 program support 3219260 3194210 25050 bad debt 1255143 13855 1241288 meals & entertainment 242926 131279 111647 Refunds 174008 172029 1979 684472 202483 481989 11673744 8177809 3495935 0 178229 182328 23794353 25955296 2702160 1685835 2431393 1986009 31657215 2845741 24453943 28811474 100273831 108485810 1157561 1027197 154991470 168133949 2180044 1195250 2621425 2978178 57263229 69807828 13576162 12960874 76737 64326 75717597 87006456 X 18747578 11573197 39156748 47957635 21369547 21596661 79273873 81127493 154991470 168133949 X -1459780 3313530 -130 X X 0 1 X 1 0 X 3861503 4902209 6554613 4575524 4345636 24239485 3861503 4902209 6554613 4575524 4345636 24239485 1725137 22514348 1587551 3826330 3484586 2610798 2386632 13895897 107403 149210 230878 208831 696322 38831704 0.57980 0.61680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18970 3243211 X 0 0 1 X 46795274 660098 4105998 8249139 790706 42521525 42956054 1058104 3949430 854918 313396 46795274 42989073 731164 218932 656166 326949 42956054 38616283 1851506 3353444 576043 256117 42989073 34335123 648407 4202107 425355 143999 38616283 0.07000 0.93000 0.00000 0 0 222898 1234960 1457858 19102439 1051751 18050688 4984899 1752763 3232136 312615 41227 271388 5799404 5799404 28811474 Gift annuity liability 64326 64326 X 14015530 3313530 519839 3833369 10182161 31803 31803 10213964 12161910 499115 499115 11662795 10949 10949 11673744 Part III, Line 4: THE FOUNDATION HAS COLLECTIONS OF ARTWORK THAT ARE USED TO SUPPORT TROY UNIVERSITY STUDENTS, FACULTY, STAFF AND ALUMNI BY CREATING EDUCATIONAL OPPORTUNITIES AND TO HEIGHTEN UNDERSTANDING AND APPRECIATION OF THE VISUAL WORLD. TROY UNIVERSITY IS IN THE PROCESS OF CREATING AN ART MUSEUM WHERE THESE WORKS OF ART WILL BE DISPLAYED. Part IV, Line 2b: The Foundation serves as custodian for a Title III grant for the Dothan campus of Troy University totaling $719,365. The Foundation holds escrow funds for certain fraternities totaling $371,417. The foundation administers funds for international students totaling $353,956. Troy university transferred $5,000,000 to the foundation for investment. The total balance at September 30, 2017 was $67,528,903. Center Services, inc. (csi) invested $87,638 in the foundation's pooled endowment. The total balance at September 30, 2017 was $834,187. Part V, Line 4: The Foundation establishes endowed funds to support donor(s) purposes in perpetuity. Gifts of cash or cash generated from conversion of a non-cash asset are invested in the Troy Foundation endowed investment pool. It is the goal of the Foundation endowment investment policy to provide a real total return from assets invested that will preserve and increase the purchasing power of the endowment capital, while generating the maximum yield to support the activities of the funds held for the colleges, schools, departments, units and programs of the University. Part X, Line 2: THE FOUNDATION IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. CERTAIN TYPES OF INCOME MAY BE SUBJECT TO TAX FROM UNRELATED BUSINESS INCOME AS DEFINED BY THE TAX CODE. AT TIMES, THE FOUNDATION RECEIVES ROYALTY AND OTHER INCOME THAT MAY BE TAXABLE. DURING THE FISCAL YEAR 2017, THE FOUNDATION PAID APPROXIMATELY $40,000 IN UNRELATED BUSINESS INCOME TAX FOR TAXABLE INCOME GENERATED IN FISCAL YEAR 2017. THE FOUNDATION FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES. AS OF SEPTEMBER 30, 2017 AND 2016, THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AND NO INTEREST AND PENALTIES RELATED TO INCOME TAXES. Part XI, Line 2d - Other Adjustments: Change in value of split interest agreements 20,724. FUNDRAISING EXPENSES 270,946. RENTAL EXPENSES 228,169. Part XI, Line 4b - Other Adjustments: distributions from perpetual trust 31,803. Part XII, Line 2d - Other Adjustments: FUNDRAISING EXPENSES 270,946. RENTAL EXPENSES 228,169. Part XII, Line 4b - Other Adjustments: interest component of split interest agreements 10,949. ATHLETICS HALL OF FAME 40450 30915 9535 2364 44600 Football Kickoff Party 55350 55350 11000 13116 7 196895 67979 128916 24885 5950 169031 292695 98894 193801 38249 5950 226747 270946 -77145 1 Troy University Troy Main Campus Troy AL 36082 636001102 115 1075500 Athletic Department Troy University Troy Main Campus Troy AL 36082 636001102 115 1585547 OTHER EXPENSES Troy University Troy Main Campus Troy AL 36082 636001102 115 350365 Eminent Scholar Professorships Troy University Troy Main Campus Troy AL 36082 636001102 115 824912 Student Scholarships Part I, Line 2: The Foundation President, Foundation Vice President, and Foundation Treasurer are responsible for disbursements of funds. Final expenditure of Foundation funds requires the approval of the Fund Administrator, Foundation Accounting Coordinator, and Director of Not-for-Profit Accounting for disbursements of $500 or less. For disbursements over $500, the approval of the Fund Administrator, Director of Not-for-Profit Accounting, Foundation President, and Foundation Treasurer is required. X 7 187000 appraisal X LITHOGRAPH, CLARINET, TAILGATE FOOD 6 4920 appraisal 3 0 1 0 Form 990, Part VI, Section A, line 2 DR. JAMES BOOKOUT, DR. JACK HAWKINS, AND Major gen. walter givhan - BUSINESS RELATIONSHIP Dr. James Andrews and Dr. Jeffrey Dugas - BUSINESS RELATIONSHIP Form 990, Part VI, Section B, line 11b The Treasurer, Vice President, and Secretary of the Foundation reviewed the Form 990 prior to its filing with the IRS. Form 990, Part VI, Section C, line 19 Governing documents, policies, and financial statements are available upon written request to the Foundation office. Form 990, Part XI, line 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -133. ROUNDING 3. PART XII LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. sorrell solutions llc 241 Adams Administration building troy AL 36079 474977833 administrative services AL 20952 21477 troy University Foundation