2018-10-31T16:01:56-05:00 2018-06-30 453269313 YH ADVISORS INC 7755 CENTER AVENUE SUITE 1225 HUNTINGTON BEACH CA 92647 990 2017-07-01 646022505 UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION UNIV 6012665210 118 COLLEGE DRIVE 5210 HATTIESBURG MS 39406 STACE MERCIER EXECUTIVE DIRECTOR 6012665210 2018-10-26 1 BRIAN YACKER P00401346 3109822803 38.98.172.90 2018-10-26 09:51:59 PD P 8D41E095EAD67939B2FD5C6002F5FD7099228674 8D41E095EAD67939B2FD5C6002F5FD7099228674 2017 2018-06-14 16:35:46Z STACE MERCIER 118 COLLEGE DRIVE 5210 HATTIESBURG MS 39406 52113936 0 X WWW.USMFOUNDATION.COM X 1959 MS BUILD RELATIONSHIPS WITH ALUMNI AND FRIENDS IN ORDER TO SECURE PRIVATE FUNDS FOR THE BENEFIT OF USM. 30 30 0 68 0 0 8397357 15574635 0 0 2445976 8402368 74538 489773 10917871 24466776 7276156 6169145 0 0 106142 91354 149400 207948 615273 2751646 2856837 10283344 9325284 634527 15141492 121144945 134973716 736182 733230 120408763 134240486 TO BUILD RELATIONSHIPS WITH ALUMNI AND FRIENDS IN ORDER TO SECURE PRIVATE FUNDS AND OTHER RESOURCES FOR THE BENEFIT OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI. THE FOUNDATION RECEIVES, INVESTS AND DISTRIBUTES PRIVATE GIFTS IN SUPPORT OF THE UNIVERSITY'S MISSION. 0 0 6169145 6169145 PROVIDE SCHOLARSHIPS, GRANTS AND TRANSFERS TO SUPPORT THE UNIVERSITY OF SOUTHERN MISSISSIPPI. 1439897 OTHER DESIGNATED ITEMS, COMMODITIES AND CONTRACTURAL SERVICES IN SUPPORT OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI. 7609042 1 1 0 1 0 0 0 0 0 1 1 1 0 1 1 1 0 1 0 0 1 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 64 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA KY MA MD MI MN NH NJ NY OR RI UT X X LESLEE SMITH 6012665210 118 COLLEGE DRIVE 5210 HATTIESBURG MS 39406 GARY W CARMICHAEL PRESIDENT 1.00 X X 0 0 0 JIM WARREN VICE PRESIDENT 1.00 X X 0 0 0 CHERYL T JOHNSON TREASURER & FINANCE COMMITTEE CHAIR 1.00 X X 0 0 0 DUANE LOCK MEMBER-AT-LARGE 1.00 X 0 0 0 OMAR L NELSON POLICY AND BYLAWS COMMITTEE CHAIR 1.00 X 0 0 0 CHRIS INMAN INVESTMENT COMMITTEE CHAIR 1.00 X 0 0 0 KRISTY GOULD RESOURCE DEVELOPMENT CHAIR 1.00 X 0 0 0 SHANE LOPER IMMEDIATE PAST PRESIDENT 1.00 X 0 0 0 ROSEMARY G AULTMAN BOARD MEMBER (RESIGNED 9/5/17) 1.00 X 0 0 0 JULIE C BREAZEALE BOARD MEMBER 1.00 X 0 0 0 HALEY N BROOM BOARD MEMBER 1.00 X 0 0 0 STEPHEN J CARMODY BOARD MEMBER 1.00 X 0 0 0 ROBERT E DONNELL III BOARD MEMBER 1.00 X 0 0 0 HON DEBORAH GAMBRELL-CHAMBERS BOARD MEMBER (RESIGNED 11/6/17) 1.00 X 0 0 0 LOUIS VR EHRLICH BOARD MEMBER 1.00 X 0 0 0 DR KEVIN F GILBERT BOARD MEMBER 1.00 X 0 0 0 EUGENE G GOUAUX III BOARD MEMBER 1.00 X 0 0 0 DOC HOLLIDAY BOARD MEMBER 1.00 X 0 0 0 BENNY L HUBBARD SR BOARD MEMBER 1.00 X 0 0 0 JULIE E LENNON BOARD MEMBER 1.00 X 0 0 0 JOY HARVILL LIGHTSEY BOARD MEMBER 1.00 X 0 0 0 SANDRA G MCDANIEL BOARD MEMBER 1.00 X 0 0 0 JANA L MCDONNELL BOARD MEMBER 1.00 X 0 0 0 WILLIAM E MCLEOD BOARD MEMBER 1.00 X 0 0 0 ROBIN J ROBINSON BOARD MEMBER 1.00 X 0 0 0 KELSEY L RUSHING BOARD MEMBER 1.00 X 0 0 0 CHARLES C SCIANNA JR BOARD MEMBER 1.00 X 0 0 0 BILL WARD BOARD MEMBER 1.00 X 0 0 0 DR LYNWOOD C WHEELER BOARD MEMBER 1.00 X 0 0 0 ALVIS A WRIGHT II BOARD MEMBER 1.00 X 0 0 0 STACE MERCIER EXECUTIVE DIRECTOR/SECRETARY 40.00 X 0 125712 20064 LESLEE SMITH CHIEF FINANCIAL OFFICER 40.00 X 0 74376 28979 0 200088 49043 0 0 0 0 SEI 1 FREEDOM VALLEY DR OAKS PA 19456 INVESTMENT MANAGEMENT FEES 376512 RUFFALOCODY HOLDINGS LLC PO BOX 718 DES MOINES IA 50303 PHONE SOLICITATION 251590 BLACKBAUD INC PO BOX 930256 ATLANTA GA 31193 SOFTWARE SERVICES 120821 MARTS & LUNDY 1200 WALL STREET WEST LYNDHURST NJ 07071 CAMPAIGN CONSULTING SERVICES 107759 4 15574635 2537532 15574635 2703382 2703382 33320146 26000 27631771 15389 5688375 10611 5698986 5698986 BP SETTLEMENT 900099 430000 430000 QUID PRO QUO INCOME 900099 53734 53734 MISCELLANEOUS INCOME 900099 6039 6039 489773 24466776 0 0 8892141 6158801 6158801 10344 10344 91354 42103 49251 13067 1067 12000 61500 61500 18087 18087 207948 207948 513752 513752 332171 268037 9567 54567 206136 116520 62143 27473 113051 47761 41564 23726 143247 480 69910 72857 274716 183567 14670 76479 396446 290958 65727 39761 6775 6775 32706 31831 875 CAPITAL OUTLAY 388595 369409 19039 147 DUES AND SUBSCRIPTIONS 127635 46370 52515 28750 MEALS AND ENTERTAINMENT 98715 71341 5819 21555 BAD DEBT EXPENSE 85973 85973 44265 26300 6081 11884 9325284 7609042 1100969 615273 2895164 2996270 4950614 10671148 231240 126289 1000017 581477 114492 418540 95542649 98820098 11833315 15038925 5577471 6902446 121144945 134973716 438862 457939 297320 275291 736182 733230 X 6348577 7356199 37181815 44802423 76878371 82081864 120408763 134240486 121144945 134973716 X 15141492 -1200208 -109561 X X 0 1 X 1 0 X 16624681 6276220 10935422 8397357 15574635 57808315 16624681 6276220 10935422 8397357 15574635 57808315 20250549 37557766 1837795 2170369 2197446 2080224 2703382 10989216 242682 94192 69077 74538 489773 970262 69767793 0.53830 0.61830 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2013 AMOUNT: $ 41,962. 2014 AMOUNT: $ 33,351. 2015 AMOUNT: $ 29,047. 2016 AMOUNT: $ 17,848. 2017 AMOUNT: $ 6,039. QUID PRO QUO INCOME - 2013 AMOUNT: $ 35,953. 2014 AMOUNT: $ 42,515. 2015 AMOUNT: $ 40,030. 2016 AMOUNT: $ 56,690. 2017 AMOUNT: $ 53,734. BP SETTLEMENT - 2017 AMOUNT: $ 430,000. LIFE INSURANCE - 2014 AMOUNT: $ 18,326. CHANGE IN UNCOLL PLEDGES - 2013 AMOUNT: $ 164,767. 0 0 0 0 0 0 0 0 1 18087 18087 0 PART II-B, LINE 1I(B), LOBBYING ACTIVITIES THE USM FOUNDATION DID NOT DIRECTLY ATTEMPT TO INFLUENCE NATIONAL, STATE OR LOCAL LEGISLATION, BUT DID PROVIDE FUNDING TO ONE UNIVERSITY PAID LEGISLATIVE ADVOCATE. NUMEROUS EXPENDITURES WERE MADE MOSTLY FOR MEALS AND TRAVEL. THE UNIVERSITY ALSO HOSTS STATE LEGISLATORS THROUGHOUT THE YEAR ON CAMPUS. 94750962 3703696 6690262 2049264 775575 1557324 100762757 83295901 5484165 10526767 1948672 1217349 1389850 94750962 82872941 4995140 -835134 1762495 828690 1145861 83295901 78672835 6386095 1584709 1650687 831636 1288375 82872941 68862625 2759445 10299032 1457672 649874 1140721 78672835 0.03260 0.71340 0.25400 0 0 28340 28340 41420 41420 16072 16072 0 47532 866653 565405 348780 418540 HEDGE FUNDS & REAL ESTATE INVESTMENT FUNDS 12117052 F CSV OF LIFE INSURANCE POLICIES 2584413 F PRIVATE EQUITY 337460 F 15038925 DUE FROM EXTERNALLY MANAGED TRUSTS 5644811 OTHER RECEIVABLES 1257635 6902446 GIFT ANNUITIES PAYABLE 244184 LIFE ESTATE PAYABLE 31107 275291 X 24515443 -1200208 1958162 -109561 648393 23867050 513752 85974 599726 24466776 10683720 1958162 1958162 8725558 513752 85974 599726 9325284 PART V, LINE 4: PROVIDE CONSISTENT SUPPORT TO THE UNIVERSITY FOR PURPOSES INTENDED BY THE DONORS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME UNDER INTERNAL REVENUE CODE SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). FOUNDATION AVIATION HOLDINGS, LLC IS DISREGARDED AS AN ENTITY SEPARATE FROM THE FOUNDATION FOR PURPOSES OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. AS OF JUNE 30, 2018 AND 2017, THERE WERE NO MATERIAL UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -109,561. PART XI, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT 85,974. PART XII, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT 85,974. PART V, COLUMN C SCHEDULE D, PART V, COLUMN C (2015) WAS UPDATED TO REFLECT THE 06/30/2016 AUDITED FINANCIAL STATEMENT NUMBERS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 4767514 0 0 0 0 0 0 4767514 0 4767514 0 0 0 0 0 0 X X X X X 1 RUFFALOCODY HOLDINGSLLC PO BOX 718 DES MOINES IA 503030718 PHONE SOLICITATION 0 161442 157200 4242 MARTS & LUNDY 1200 WALLSTREET WEST LYNDHURST NJ 07071 CAMPAIGN CONSULTING 0 0 50748 -50748 161442 207948 -46506 AK AL AR CA CO CT DC FL GA HI IL KS KY MA MD ME MI MN MO MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN UT VA WA WV WI LA SCHEDULE G, PART I, LINE 2B, COLUMN (V) RUFFALOCODY HOLDINGS, LLC PROVIDES PHONE SOLICITATION SERVICES FOR THE USM FOUNDATION'S ANNUAL FUND, THE ANNUAL GIVING CAMPAIGN FOR THE UNIVERSITY OF SOUTHERN MISSISSIPPI. THE ANNUAL FUND'S PURPOSE IS TO GENERATE UNRESTRICTED AND FLEXIBLE DOLLARS TO SUPPORT THE UNIVERSITY, GENERATE LEADS FOR POSSIBLE MAJOR GIFT DONORS, INCREASE POSITIVE PUBLIC RELATIONS WITH ALUMNI AND FRIENDS AND ENRICH DATA BY UPDATING BIOGRAPHICAL INFORMATION. BASED ON THESE TOTAL BENEFITS, THE USM FOUNDATION FINDS THIS SERVICE VALUABLE ALTHOUGH THE ANNUAL GROSS RECEIPTS FROM THE ACTIVITY IS LOW COMPARED TO THE AMOUNT PAID TO THE FUNDRAISER. 1 THE UNIVERSITY OF SOUTHERN MISSISSIPPI 118 COLLEGE DRIVE 5143 HATTIESBURG MS 39406 646000818 501(C)(3) 5825973 300497 VARIOUS TRANSFERS OF GIFTS OF PROPERTY USM PROGRAMS THE UNIVERSITY OF SOUTHERN MISSISSIPPI ATHLETIC FOUNDATION 118 COLLEGE DRIVE 5017 HATTIESBURG MS 39406 640929171 501(C)(3) 15435 USM ATHLETICS THE UNIVERSITY OF SOUTHERN MISSISSIPPI ALUMNI ASSOCIATION 118 COLLEGE DRIVE 5013 HATTIESBURG MS 39406 640763097 501(C)(3) 16896 USM ALUMNI PROGRAMS 3 0 STUDENT PROFESSIONAL SUPPORT AND AWARDS 14 8763 1581 COMPARABLE SALES PROFESSIONAL ATTIRE PART I, LINE 2: THE FOUNDATION MONITORS THE USE OF FUNDS BY REQUIRING DOCUMENTATION FROM AUTHORIZED SPENDING AUTHORITIES TO SUBSTANTIATE THAT ALL MONIES PAID FOR PROGRAM SUPPORT ARE USED FOR THE PURPOSES OUTLINED IN THE DOCUMENTS GOVERNING THE FUNDS FROM WHICH THE WITHDRAWAL IS BEING MADE. THESE PURPOSES INCLUDE SCHOLARSHIPS, GENERAL SUPPORT FOR ACADEMIC DIVISIONS, RESEARCH, FACULTY AND STAFF COMPENSATION AND OTHER RESTRICTED SUPPORT FOR PROGRAMS AT THE UNIVERSITY OF SOUTHERN MISSISSIPPI. X 1 1 VALUE UNKNOWN X 90 FAIR MARKET VALUE X 1 15325 FAIR MARKET VALUE X 17 1560629 AVG STOCK PRICE X 1 22000 APPRAISAL VALUE X SPLIT INT AGREEMENTS 2 662500 NET PRESENT VALUE X FURNITURE/ EQUIP 11 274606 FAIR MARKET VALUE X VARIOUS 2 1850 FAIR MARKET VALUE X SMALL EQUIP 1 531 COMPARABLE SALES 2 0 1 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS WAS USED FOR CONTRIBUTIONS OF SECURITIES, EACH GIFT WAS COUNTED SEPARATELY (RATHER THAN EACH SHARE RECEIVED). PART I, LINE 32B: THE FOUNDATION EMPLOYS REALTORS TO LIST AND SELL CONTRIBUTIONS OF REAL ESTATE. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE AND EXECUTIVE COMMITTEE RECEIVED THE FORM 990 DRAFT FOR REVIEW PRIOR TO BEING FILED. COMMENTS WERE ADDRESSED AND THE FORM WAS UPDATED AS NECESSARY. A COMPLETE COPY OF THE FORM 990 WAS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, EACH MEMBER OF THE BOARD AND EACH MEMBER OF ALL COMMITTEES SIGNS A WRITTEN STATEMENT CERTIFYING THAT HE/SHE AGREES AND IS IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY OF SOUTHERN MISSISSIPPI, A RELATED ORGANIZATION, PROVIDES COMPENSATION FOR ALL WHO WORK FOR THE FOUNDATION, INCLUDING THE EXECUTIVE DIRECTOR. THE PROCESS FOR DETERMINING COMPENSATION, REVIEW AND APPROVAL, AND SUBSTANTIATION OF THIS DELIBERATION AND DECISION IS HANDLED BY THE UNIVERSITY. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION'S BYLAWS, CONFLICT OF INTEREST POLICY, FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE FOUNDATION'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -109,561. FORM 990, PART XII, LINE 2C: NO CHANGES FROM THE PRIOR YEAR. THE ORGANIZATION'S FINANCE AND AUDIT COMMITTEE HAS RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT ACCOUNTANT. FOUNDATION AVIATION HOLDINGS LLC 118 COLLEGE DRIVE 5210 HATTIESBURG MS 39406 263637085 LEASING MS -3619 312744 USM FOUNDATION UNIVERSITY OF SOUTHERN MISSISSIPPI 118 COLLEGE DRIVE 5143 HATTIESBURG MS 39406 646000818 EDUCATION MS 501(C)(3) LINE 2 N/A 0 BMC AND KC CRAT 202 SOUTH 40TH AVENUE HATTIESBURG MS 39402 646207876 INVESTMENTS MS N/A T 78458 0.63920 0 JEG CRAT 1581 AMERIPRISE FINANCIAL CENTER MINNEAPOLIS MN 55474 207371805 INVESTMENTS MS N/A T 300419 0.72110 0 LEH CRAT PO BOX 1231 HATTIESBURG MS 39403 726180760 INVESTMENTS MS N/A T 70411 0.89060 0 EDK CRUT 11301 US HIGHWAY ONE N PALM BEACH FL 33408 656419443 INVESTMENTS FL N/A T 173672 0.69470 0 MI CRUT PO BOX 10885 BIRMINGHAM AL 35202 646214146 INVESTMENTS MS N/A T 393 0.61760 0 P-JP CRUT 150 S WARNER RD SUITE 200 KING OF PRUSSIA PA 19406 816588160 INVESTMENTS AZ N/A T 283514 0.57320 0 P-MP CRUT 150 S WARNER RD SUITE 200 KING OF PRUSSIA PA 19406 816591136 INVESTMENTS AZ N/A T 4181112 0.36630 0 JR TRUST PO BOX 1071 HATTIESBURG MS 39403 836144563 INVESTMENTS MS N/A T 556831 0.46470 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 UNIVERSITY OF SOUTHERN MISSISSIPPI B 6126470 CASH DISBURSED & PROP TRANSFERRED UNIVERSITY OF SOUTHERN MISSISSIPPI N 122769 CONTRIB. UTILITIES & FACILITIES UNIVERSITY OF SOUTHERN MISSISSIPPI O 1699526 CASH DISBURSED UNIVERSITY OF SOUTHERN MISSISSIPPI P 171116 CASH DISBURSED UNIVERSITY OF SOUTHERN MISSISSIPPI S 191638 CARRYING VALUE