2016-10-31T11:15:33-05:00 2016-06-30 453269313 YH ADVISORS INC 7755 CENTER AVENUE SUITE 1225 HUNTINGTON BEACH CA 92647 990 2015-07-01 646022505 UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION UNIV 6012665210 118 COLLEGE DRIVE 5210 HATTIESBURG MS 39406 STACE MERCIER EXECUTIVE DIRECTOR 6012665210 2016-10-28 1 BRIAN YACKER P00401346 3109822803 2015 2017-02-10 21:41:12Z STACE MERCIER 118 COLLEGE DRIVE 5210 HATTIESBURG MS 39406 32415385 0 X WWW.USMFOUNDATION.COM X 1959 MS BUILD RELATIONSHIPS WITH ALUMNI AND FRIENDS TO SECURE PRIVATE FUNDS FOR THE BENEFIT OF USM. 31 31 0 96 0 0 6276220 10935422 0 0 4339071 3362782 94192 69077 10709483 14367281 10101147 8382108 0 0 34791 46098 159860 172656 511705 2332138 2332410 12627936 10933272 -1918453 3434009 112773823 112511490 1064125 658173 111709698 111853317 TO BUILD RELATIONSHIPS 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 8382108 8382108 PROVIDE SCHOLARSHIPS AND TRANSFERS TO SUPPORT THE UNIVERSITY OF SOUTHERN MISSISSIPPI 1046772 OTHER DESIGNATED ITEMS, COMMODITIES AND CONTRACTURAL SERVICES IN SUPPORT OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI 9428880 1 1 0 1 0 0 0 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 90 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 31 31 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CA CO FL HI KY MA MD ME MI MN ND NH NJ NV NY OH OK OR RI UT X X LESLEE SMITH 6012665210 118 COLLEGE DRIVE 5210 HATTIESBURG MS 39406 W REED ALLISON JR PRESIDENT 1.00 X X 0 0 0 SHANE LOPER VICE PRESIDENT 1.00 X X 0 0 0 GARY W CARMICHAEL TREASURER/FINANCE COMMITTEE CHAIR 1.00 X X 0 0 0 CHERYL T JOHNSON MEMBER-AT-LARGE 1.00 X 0 0 0 CURTIS L HEBERT JR POLICY AND BYLAWS COMMITTEE CHAIR 1.00 X 0 0 0 CHRIS INMAN INVESTMENT COMMITTEE CHAIR 1.00 X 0 0 0 LOU ANN POYNTER IMMEDIATE PAST PRESIDENT 1.00 X 0 0 0 DR TODD N ADKINS BOARD MEMBER 1.00 X 0 0 0 ROSEMARY G AULTMAN BOARD MEMBER 1.00 X 0 0 0 RON G BARNES BOARD MEMBER 1.00 X 0 0 0 COL WILLIAM W BENSON BOARD MEMBER 1.00 X 0 0 0 HALEY N BROOM BOARD MEMBER 1.00 X 0 0 0 ROBERT E DONNELL III BOARD MEMBER 1.00 X 0 0 0 KRISTY GOULD BOARD MEMBER 1.00 X 0 0 0 MARK M GRAHAM BOARD MEMBER 1.00 X 0 0 0 BERNARD GREEN BOARD MEMBER 1.00 X 0 0 0 JAMES H HEIDELBERG BOARD MEMBER 1.00 X 0 0 0 DR SAMUEL LEE JONES BOARD MEMBER 1.00 X 0 0 0 LYNDA B LESLEY BOARD MEMBER 1.00 X 0 0 0 BUTCH MCKENZIE BOARD MEMBER 1.00 X 0 0 0 WILLIAM E MCLEOD BOARD MEMBER 1.00 X 0 0 0 PATRICIA P MUNN BOARD MEMBER 1.00 X 0 0 0 OMAR L NELSON BOARD MEMBER 1.00 X 0 0 0 DR NANCY NEW BOARD MEMBER 1.00 X 0 0 0 MIKE NOWELL BOARD MEMBER 1.00 X 0 0 0 REBECCA LYNN PRITCHETT BOARD MEMBER 1.00 X 0 0 0 RONALD E RUSSELL BOARD MEMBER 1.00 X 0 0 0 CHARLES C SCIANNA JR BOARD MEMBER 1.00 X 0 0 0 HON GILBERT C VAN LOON BOARD MEMBER 1.00 X 0 0 0 JIM WARREN BOARD MEMBER 1.00 X 0 0 0 DR LYNWOOD C WHEELER BOARD MEMBER 1.00 X 0 0 0 STACE MERCIER CFO/EXEC DIR/SECRETARY 40.00 0.00 X 0 106979 16849 LESLEE SMITH CHIEF FINANCIAL OFFICER 40.00 0.00 X 0 73062 15779 0 180041 32628 0 0 0 0 SEI 1 FREEDOM VALLEY DR OAKS PA 19456 INVESTMENT MANAGEMENT 337575 RUFFALOCODY HOLDINGS LLC PO BOX 718 DES MOINES IA 503030718 PHONE SOLICITATION 133056 BLACKBAUD INC PO BOX 930256 ATLANTA GA 311930256 SOFTWARE SERVICES 122194 3 10935422 5481653 10935422 2197446 2197446 19211040 2400 18048104 0 1162936 2400 1165336 1165336 QUID PRO QUO INCOME 900099 40030 40030 MISCELLANEOUS INCOME 900099 29047 29047 69077 14367281 0 0 3431859 X 8379858 8379858 2250 2250 46098 36313 9785 12000 12000 55000 55000 15328 15328 172656 172656 374618 374618 308753 194197 36184 78372 283716 139857 78568 65291 85260 37289 31858 16113 132399 2587 69046 60766 190491 156831 14931 18729 1156 1156 358972 242761 66720 49491 31301 31301 27528 27528 CAPITAL OUTLAY 132293 116733 12585 2975 MEALS AND ENTERTAINMENT 103893 86131 6320 11442 DUES AND SUBSCRIPTIONS 94410 37740 36903 19767 BAD DEBT EXPENSE 89469 89469 35823 16162 13343 6318 10933272 9428880 992687 511705 877355 1031289 12052041 8224516 109591 227443 623774 585591 69485 38183 87835334 86648102 10243304 10203770 1586713 6138187 112773823 112511490 758795 371992 305330 286181 1064125 658173 X 5392868 6024035 42722252 33689732 63594578 72139550 111709698 111853317 112773823 112511490 X 3434009 -3383858 6538 86930 X X 0 1 X 1 0 X 20560148 8605333 16624681 6276220 10935422 63001804 20560148 8605333 16624681 6276220 10935422 63001804 20879840 42121964 1588779 1769691 1837795 2170369 2197446 9564080 392566 150302 242682 94192 69077 948819 73514703 0.57300 0.56450 X PART II, SECTION B, LINE 10 OTHER INCOME: MISCELLANEOUS INCOME = $29,047 QUID PRO QUO INCOME = $40,030 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 16485 16485 0 FORM 990, SCHEDULE C, PART II-B, LINE 1I 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. 82872941 8792034 -835134 1762495 828690 1145861 87092795 78672835 6386095 1584709 1650687 831636 1288375 82872941 68862625 2759445 10299032 1457672 649874 1140721 78672835 61446889 2622222 5155648 -1255783 893649 68862625 63837796 3041146 -3160597 1266770 1004686 61446889 0.02200 0.77550 0.20250 0 0 16072 12854 3218 607702 572737 34965 38183 HEDGE FUNDS & REAL ESTATE INVESTMENT FUNDS 7684871 F CSV OF LIFE INSURANCE POLICIES 2472867 F OTHER DONATED ASSETS 46032 F 10203770 DUE FROM EXTERNALLY MANAGED TRUSTS 4883516 NET INVESTMENT IN DIRECT FINANCING LEASE 479945 OTHER RECEIVABLES 774726 6138187 GIFT ANNUITIES PAYABLE 286181 286181 X 12170255 -3383858 6538 86930 -3290390 15460645 -1093364 -1093364 14367281 12026636 0 12026636 -1093364 -1093364 10933272 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, 2016 AND 2015, THERE WERE NO MATERIAL UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 86,930. PART XI, LINE 4B - OTHER ADJUSTMENTS: USM SUPPORT -1,557,451. BAD DEBT 89,469. INVESTMENT MANAGEMENT FEES 374,618. PART XII, LINE 4B - OTHER ADJUSTMENTS: USM SUPPORT -1,557,451. BAD DEBT 89,469. INVESTMENT MANAGEMENT FEES 374,618. X X X X 1 RUFFALOCODY HOLDINGSLLC PO BOX 718 DES MOINES IA 503030718 PHONE SOLICITATION 0 217201 172656 44545 217201 172656 44545 AL AK AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI 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) 8302907 USM PROGRAMS THE UNIVERSITY OF SOUTHERN MISSISSIPPI ATHLETIC FOUNDATION 118 COLLEGE DRIVE 5017 HATTIESBURG MS 39406 640929171 501(C)(3) 41992 USM ATHLETICS THE UNIVERSITY OF SOUTHERN MISSISSIPPI ALUMNI ASSOCIATION 118 COLLEGE DRIVE 5013 HATTIESBURG MS 39406 640763097 501(C)(3) 32959 USM ALUMNI PROGRAMS 3 0 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 111775 APPRAISAL VALUE X 2 FAIR MARKET VALUE X 2234 FAIR MARKET VALUE X 17 927649 AVG STOCK PRICE X 1 5127 COMPARABLE SALE X NPV OF SPLIT INTEREST AGREEMENTS 4 4276106 PRESENT VALUE X MUSICAL INSTRUMENTS 3 110953 APPRAISAL & FMV X FURNITURE AND EQUIPMENT 4 46252 FAIR MARKET VALUE X VARIOUS 5 1555 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF DONORS. FORM 990, PART VI, SECTION A, LINE 4 THE FOUNDATION'S BYLAWS WERE AMENDED ON APRIL 1, 2016, WHICH INCLUDED THE ADDITION OF A RESOURCE DEVELOPMENT COMMITTEE AND APPLICABLE DUTIES. THE FOUNDATION'S CURRENT USE (NON-ENDOWMENT) INVESTMENT POLICY STATEMENTS WERE AMENDED ON APRIL 1, 2016, WHICH INCLUDES CHANGES TO MATURITY DATES AND DESIGNATED BENCHMARKS FOR FIXED INCOME SECURITIES. FORM 990, PART VI, SECTION B, LINE 11 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 IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 194,197. MANAGEMENT AND GENERAL EXPENSES 36,184. FUNDRAISING EXPENSES 78,372. TOTAL EXPENSES 308,753. FORM 990, PART IX, LINE 24E PROFESSIONAL DEVELOPMENT: PROGRAM SERVICE EXPENSES 16,162. MANAGEMENT AND GENERAL EXPENSES 13,343. FUNDRAISING EXPENSES 6,318. TOTAL EXPENSES 35,823. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 86,930. 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 25803 480515 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 94337 0.72830 0 JEG CRAT 1581 AMERIPRISE FINANCIAL CENTER MINNEAPOLIS MN 55474 207371805 INVESTMENTS MS N/A T 350071 0.79130 0 LEH CRAT PO BOX 1231 HATTIESBURG MS 39403 726180760 INVESTMENTS MS N/A T 108630 0.95200 0 MI CRUT PO BOX 10885 BIRMINGHAM AL 35202 646214146 INVESTMENTS MS N/A T 3172 0.71240 0 EDK CRUT 11301 US HIGHWAY ONE N PALM BEACH FL 33408 656419443 INVESTMENTS FL N/A T 192792 0.77120 0 P-JP CRUT 150 S WARNER RD SUITE 200 KING OF PRUSSIA PA 19406 816588160 INVESTMENTS AZ N/A T 310157 0.62030 0 P-MP CRUT 150 S WARNER RD SUITE 200 KING OF PRUSSIA PA 19406 816591136 INVESTMENTS AZ N/A T 3796894 0.44100 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 UNIVERSITY OF SOUTHERN MISSISSIPPI B 8302907 CASH DISBURSED AND PROPERTY TRANS UNIVERSITY OF SOUTHERN MISSISSIPPI J 180712 DIRECT FINANCING LEASE UNIVERSITY OF SOUTHERN MISSISSIPPI N 123316 CONTRIB. UTILITIES & FACILITIES UNIVERSITY OF SOUTHERN MISSISSIPPI O 1434135 CASH DISBURSED