2016-05-16T10:34:24-05:00 2015-06-30 593204548 JAMES MOORE & CO PL 5931 NW 1ST PLACE GAINESVILLE FL 326072063 990 2014-07-01 237047106 FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION INC FLOR 3053483758 11200 SW 8TH ST MARC 530 MIAMI FL 331992516 THOMAS CORNISH CHAIRPERSON 3053483758 2016-05-16 1 ANDREA L NEWMAN P01212004 3523781331 2016-05-11 2014 2016-08-17 19:52:53Z THOMAS CORNISH 11200 SW 8TH STREET MIAMI FL 33199 255195479 0 X HTTPS://GIVE.FIU.EDU/BUSINESS-GOVERNANCE/ X 1969 FL TO ENCOURAGE, SOLICIT, RECEIVE AND ADMINISTER GIFTS AND BEQUESTS OF PROPERTY AND FUNDS FOR SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES FOR FIU AND ITS OBJECTIVES. 54 51 0 0 -20529 -20529 18451630 38955258 0 0 40311478 6925409 498631 1171525 59261739 47052192 16944581 16074967 0 0 0 0 587485 68395 4352252 5997822 7865350 23529888 24008712 35731851 23043480 323105612 345239745 11589973 11177831 311515639 334061914 X TO ENCOURAGE, SOLICIT, RECEIVE AND ADMINISTER GIFTS AND BEQUESTS OF PROPERTY AND FUNDS FOR SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES, ALL FOR THE ADVANCEMENT OF FLORIDA INTERNATIONAL UNIVERSITY AND ITS OBJECTIVES. THE ORGANIZATION IS GOVERNED BY A BOARD OF DIRECTORS, WHOSE MEMBERS PLAY A SIGNIFICANT ROLE IN THE DEVELOPMENT OF THE UNIVERSITY AS A MAJOR EDUCATIONAL, CULTURAL AND ECONOMIC RESOURCE. THROUGH THE INVOLVEMENT OF THE DIRECTORS AND THEIR CONTRIBUTION OF TIME, LEADERSHIP AND FINANCIAL RESOURCES, THE MISSION OF THE UNIVERSITY IS ADVANCED. 0 0 16074967 16074967 THE FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION ACCEPTS CHARITABLE DONATIONS TO SUPPORT FLORIDA INTERNATIONAL UNIVERSITY IN ITS GOAL TO BE A LEADING URBAN PUBLIC RESEARCH UNIVERSITY FOCUSED ON STUDENT LEARNING, INNOVATION, AND COLLABORATION. THE FOUNDATION SUPPORTS THE UNIVERSITY'S MISSION BY PROVIDING FUNDS TO SUPPORT A DIVERSE STUDENT POPULATION, EXCEPTIONAL FACULTY, CUTTING EDGE RESEARCH, MODERN FACILITIES, AND COLLABORATIVE ENGAGEMENT WITH OUR LOCAL AND GLOBAL COMMUNITIES. 16074967 1 1 0 1 0 1 0 0 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 193 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 X 54 51 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AK AR CA CO CT FL HI IL KY MA MD ME MI MN NC ND NH NJ NV NY OK OR PA RI SC TN UT WA WI DC WV X MILAGROS GARCIA CHICA 3053483758 11200 SW 8TH STREET - MARC 530 MIAMI FL 33199 THOMAS M CORNISH CHAIRPERSON 1.00 X X 0 0 0 RICHARD BRILLIANT VICE CHAIRPERSON 1.00 X X 0 0 0 KATHRYN G CHASE VICE CHAIRPERSON 1.00 X X 0 0 0 ADALIO T SANCHEZ TREASURER 1.00 X X 0 0 0 CARLOS B CASTILLO SECRETARY 1.00 X 0 0 0 AGUSTIN R ARELLANO SR REAL ESTATE-SUB COMMITTEE CHAIR 1.00 X 0 0 0 STEVEN M BERWICK AUDIT SUB-COMMITTEE CHAIR 1.00 X 0 0 0 CANDICE B GIDNEY BYLAWS SPECIAL COMMITTEE CHAIR 1.00 X 0 0 0 ALBERT R MAURY DIRECTOR 1.00 X 0 0 0 JUSTO L POZO IMMEDIATE PAST CHAIR 1.00 X 0 0 0 RONALD A SHUFFIELD MEMBERSHIP & BOARD MGMT. CHAIR 1.00 X 0 0 0 DAVID S ADLER DIRECTOR 1.00 X 0 0 0 JOHN BUSSEL DIRECTOR 1.00 X 0 0 0 HUMBERTO CABANAS DIRECTOR 1.00 X 0 0 0 VERONICA CERVERA GOESEKE DIRECTOR 1.00 X 0 0 0 CARLOS A DUART DIRECTOR 1.00 X 0 0 0 MARIA DEL BUSTO DIRECTOR 1.00 X 0 0 0 MURRAY H DUBBIN DIRECTOR 1.00 X 0 0 0 JAZMIN FELIX DIRECTOR 1.00 X 0 0 0 KENNETH G FURTON DIRECTOR 1.00 40.00 X 0 339911 39694 FRANCISCO GONZALEZ DIRECTOR 1.00 X 0 0 0 JORGE J GONZELEZ DIRECTOR 1.00 X 0 0 0 JILL M GRANAT DIRECTOR 1.00 X 0 0 0 NOEL J GUILLAMA-ALVAREZ DIRECTOR 1.00 X 0 0 0 MARY I HOELLE DIRECTOR 1.00 X 0 0 0 JEFFREY L HORSTMEYER DIRECTOR 1.00 40.00 X 0 89728 2787 MELVIN KIRK DIRECTOR 1.00 X 0 0 0 ALBERT LORENZO DIRECTOR 1.00 X 0 0 0 JUAN J MARTINEZ DIRECTOR 1.00 X 0 0 0 MICHAEL R MENDEZ DIRECTOR 1.00 X 0 0 0 ESTHER MORENO DIRECTOR 1.00 X 0 0 0 CHAD MOSS DIRECTOR 1.00 X 0 0 0 MARIO MURGADO DIRECTOR 1.00 X 0 0 0 MARCEL NAVARRO DIRECTOR 1.00 X 0 0 0 STACEY J ODDMAN DIRECTOR 1.00 X 0 0 0 FRANK J PENA DIRECTOR 1.00 X 0 0 0 MARCOS A PEREZ DIRECTOR 1.00 X 0 0 0 JONATHAN E PERLMAN DIRECTOR 1.00 X 0 0 0 DANNY LILLY PINO DIRECTOR 1.00 X 0 0 0 T GENE PRESCOTT DIRECTOR 1.00 X 0 0 0 JOERG REINHOLD DIRECTOR 1.00 40.00 X 0 98394 14286 ORLANDO ROCHE DIRECTOR 1.00 X 0 0 0 JORGE ROSSELL DIRECTOR 1.00 X 0 0 0 CARLOS A SABATER DIRECTOR 1.00 X 0 0 0 ALBERT SANTALO DIRECTOR 1.00 X 0 0 0 WASIM J SHOMAR DIRECTOR 1.00 X 0 0 0 ELLIOT STONE DIRECTOR 1.00 X 0 0 0 OSCAR SUAREZ DIRECTOR 1.00 X 0 0 0 JOSE J VALDES-FAULI DIRECTOR 1.00 X 0 0 0 JORGE R VILLACAMPA DIRECTOR 1.00 X 0 0 0 ISAAC ZELCER DIRECTOR 1.00 X 0 0 0 SANFORD L ZIFF DIRECTOR 1.00 X 0 0 0 LOURDES C BALEPOGI DIRECTOR 1.00 X 0 0 0 KENNETH BLOOM DIRECTOR 1.00 X 0 0 0 JUAN R FIGUEREO DIRECTOR 1.00 X 0 0 0 ALLHAN MEJIA DIRECTOR 1.00 X 0 0 0 ALBERT TANO DIRECTOR 1.00 X 0 0 0 ANDRE L TEIXEIRA DIRECTOR 1.00 X 0 0 0 HOWARD R LIPMAN CEO 40.00 X 0 357856 36301 GABRIEL ESZTERHAS ASSISTANT VICE PRESIDENT 40.00 X 0 141660 17601 MILAGROS GARCIA-CHICA CONTROLLER 40.00 X 0 108528 15201 0 1136077 125870 0 0 1 0 CAMBRIDGE ASSOCIATES LLC 4100 N FAIRFAX DRIVE SUITE 1300 ARLINGTON VA 22203 INVESTMENT OFFICER 471121 ARAMARK EDUCATIONAL SERVICES INC 11200 SW 8TH STREET DC 104 MIAMI FL 33199 CATERING 337543 FONTAINEBLEAU FLORIDA HOTEL LLC 4441 COLLINS AVENUE MIAMI BEACH FL 33140 EVENTS 204236 STR MIAMI INC 3550 BISCAYNE BLVD MIAMI FL 33137 EVENTS 145796 MEZ CONSULTANTS INC 4950 GOLF BLVD 506 ST PETE BEACH FL 33706 CONSULTANT FEE 108333 5 706639 504353 37744266 26278 38955258 1255724 -20529 1276253 90220 90220 2189983 1381000 808983 808983 808983 212018933 206349248 5669685 5669685 5669685 179996 504353 413039 -233043 -233043 MISCELLANEOUS 900099 382722 382722 STORE REVENUE 453000 54994 54994 ADMISSION REVENUE 711210 34422 34422 33227 33227 505365 47052192 505365 -20529 7612098 16074967 16074967 49830 49830 961926 961926 68395 68395 384273 384273 CAPITAL CAMPAIGN 3847611 3847611 UNIVERSITY SUPPORT 857928 857928 FIU PRESIDENT'S EXPENSE 769416 769416 ADVANCEMENT OPERATIONS 436246 436246 558120 558120 24008712 16074967 3581493 4352252 6134761 11888914 65467408 82383328 322835 227190 23168500 4978127 16290009 18190373 59457209 51161035 173427416 179865516 2005974 1523389 323105612 345239745 607292 460708 1275795 1500700 6870000 6165000 50000 0 2786886 3051423 11589973 11177831 X 36379647 31944276 75751823 95709060 199384169 206408578 311515639 334061914 323105612 345239745 X 23043480 -539899 42694 X X 0 1 X 1 0 X 25994875 31979569 35393002 18451630 38955258 150774334 887007 899905 1786912 25994875 31979569 35393002 19338637 39855163 152561246 16491890 136069356 4347956 4883708 5383537 4672707 3556362 22844270 175405516 505365 0.77570 0.84770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 961926 961926 16074967 17036893 1000000 250000 0 0 783406 789734 1000000 1000000 3573140 5359710 277949 253483 281496 961926 1774854 195852 197434 250000 250000 893286 1339929 1 115590 103400 12190 1 1 228419576 7252071 4520871 9238122 230954396 202704359 5273351 28497041 8055175 228419576 183227941 12588553 15941955 9054090 202704359 171105157 18358595 -1916213 4319598 183227941 144952949 12853318 21080543 7781653 171105157 0.89000 0.11000 0 0 21794810 4789936 17004874 926465 188191 738274 447225 447225 18190373 INTERNATIONAL EQUITY SECURITY 61461624 F CORPORATE BONDS 30919505 F LIMITED PARTNERSHIPS 87470631 F ACCRUED INCOME 13756 F 179865516 ANNUITIES PAYABLE 172489 DUE TO FIU 2154133 SPLIT INTEREST OBLIGATION 721126 SALES TAX LIABILITY 3675 3051423 X 52058292 -539899 899905 4179555 4539561 47518731 -466539 -466539 47052192 30028736 899905 4086641 4986546 25042190 -1033478 -1033478 24008712 PART V, LINE 4: THE ORGANIZATION HAS MADE AN ADJUSTMENT TO REMOVE ASSETS CLASSIFIED AS TEMPORARILY RESTRICTED IN PRIOR YEARS THAT HAVE NOT BEEN APPROPRIATED FOR EXPENDITURE BY THE FOUNDATION. PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINIATION BY TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF JUNE 30, 2015, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: ADMINISTRATIVE FEE 2,282,209. DIRECT RENTAL EXPENSES 1,381,000. DIRECT FUNDRAISING EXPENSES 413,039. CHANGE IN VALUE OF INTEREST RATE SWAP 103,307. PART XI, LINE 4B - OTHER ADJUSTMENTS: PROVISION FOR UNCOLLECTABLE PLEDGES -466,539. PART XII, LINE 2D - OTHER ADJUSTMENTS: ADMINISTRATIVE FEE 2,282,209. DIRECT RENTAL EXPENSES 1,381,000. DIRECT FUNDRAISING EXPENSES 413,039. WOLFSONIAN, INC. (SUBSIDIARY ORGANIZATION) EXPENSES 10,393. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOAN GUARANTEE -1,033,478. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 106618280 0 0 0 0 0 0 106618280 0 106618280 1 0 1 1 1 0 X X X X X X X 1 DIRECTLINE TECHNOLOGIES INC 1600 N CARPENTER ROAD MODESTO CA 95351 PHONE 0 706639 27049 679590 MARKETING COMMUNICATION RESOURCE INC 4800 E 345TH STREET WILLOUGHBY OH 44094 DIRECT MAIL 0 46062 41346 4715 752701 68395 684305 AK AR CA CO DC FL HI IL KY MA MD ME MI MN NC ND NH NJ NV NY OK OR PA RI SC TN UT WA WI WV CT PURIM GALA 309810 258129 51681 16525 31283 16850 81151 TORCH AWARDS 374539 246224 128315 91930 42587 95412 37301 684349 504353 179996 108455 73870 112262 118452 413039 -233043 1 COLLEGE OF MEDICINE 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 2188005 UNIVERSITY/STUDENT ASSISTANCE COLLEGE OF BUSINESS ADMINISTRATION 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 1663330 UNIVERSITY/STUDENT ASSISTANCE WOLFSONIAN MUSEUM 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 717151 UNIVERSITY/STUDENT ASSISTANCE COLLEGE OF ARTS & SCIENCES 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 2232505 UNIVERSITY/STUDENT ASSISTANCE UNIVERSITY BUILDING PROGRAM 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 2384638 UNIVERSITY/STUDENT ASSISTANCE ATHLETICS FUND - GOLDEN PANTHERS 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 392937 UNIVERSITY/STUDENT ASSISTANCE UNIVERSITY WIDE SCHOLARSHIPS & PROGRAMS 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 900812 UNIVERSITY/STUDENT ASSISTANCE SCHOOL OF HOSPITALITY MANAGEMENT 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 1006998 UNIVERSITY/STUDENT ASSISTANCE COLLEGE OF ENGINEERING & COMPUTING 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 998189 UNIVERSITY/STUDENT ASSISTANCE COLLEGE OF NURSING & HEALTH SCIENCES 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 563556 UNIVERSITY/STUDENT ASSISTANCE FROST ART MUSEUM 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 171285 UNIVERSITY/STUDENT ASSISTANCE COLLEGE OF ARCHITECTURE & THE ARTS 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 459926 UNIVERSITY/STUDENT ASSISTANCE FIU ALUMNI ASSOCIATION 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 281789 UNIVERSITY/STUDENT ASSISTANCE COLLEGE OF LAW 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 691341 UNIVERSITY/STUDENT ASSISTANCE OFFICE OF ENGAGEMENT 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 505331 UNIVERSITY/STUDENT ASSISTANCE STEMPEL SCHOOL OF PUBLIC HEALTH 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 331395 UNIVERSITY/STUDENT ASSISTANCE SCHOOL OF JOURNALISM 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 196347 UNIVERSITY/STUDENT ASSISTANCE ACADEMIC AFFAIRS 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 515129 UNIVERSITY/STUDENT ASSISTANCE SCHOOL OF COMPUTING & INFORMATION 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 198893 UNIVERSITY/STUDENT ASSISTANCE COLLEGE OF EDUCATION 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 109472 UNIVERSITY/STUDENT ASSISTANCE HONORS COLLEGE 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 56204 UNIVERSITY/STUDENT ASSISTANCE FIU LIBRARIES 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 39257 UNIVERSITY/STUDENT ASSISTANCE STUDENT AFFAIRS 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 77385 UNIVERSITY/STUDENT ASSISTANCE EXTERNAL RELATIONS 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 26367 UNIVERSITY/STUDENT ASSISTANCE UNIVERSITY COLLEGE 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 2206 UNIVERSITY/STUDENT ASSISTANCE PRESIDENT'S OFFICE 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 102606 UNIVERSITY/STUDENT ASSISTANCE UNIVERSITY ADVANCEMENT 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 93934 UNIVERSITY/STUDENT ASSISTANCE HUMAN RESOURCES 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 22038 UNIVERSITY/STUDENT ASSISTANCE DIVISION OF RESEARCH 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) 179419 UNIVERSITY/STUDENT ASSISTANCE FLORIDA INTERNATIONAL UNIVERSITY 11200 SW 8TH STREET MIAMI FL 33199 650177616 115(1) -1033478 UNIVERSITY/STUDENT ASSISTANCE 29 PART I, LINE 2: ALL GRANT FUNDS ARE REVIEWED FOR COMPLIANCE WITH DONOR INTENT AND DISBURSED OR TRANSFERRED IN SUPPORT OF FLORIDA INTERNATIONAL UNIVERSITY. X 1 1 0 0 0 0 0 0 0 0 0 KENNETH G FURTON DIRECTOR 0 339911 0 0 0 0 0 24701 0 14993 0 379605 0 0 HOWARD R LIPMAN CEO 0 357856 0 0 0 0 0 19358 0 16943 0 394157 0 0 GABRIEL ESZTERHAS ASSISTANT VICE PRESIDENT 0 141660 0 0 0 0 0 10556 0 7045 0 159261 0 0 PART I, LINE 1A EVERY EFFORT IS MADE TO OBTAIN THE MOST REASONABLE AIR FARE RATES. THE FOUNDATION WILL REIMBURSE CARRIER EXPENSES FOR COACH. BUSINESS CLASS TRAVEL OR ONE UPGRADE MAY BE REIMBURSED FOR THE UNIVERSITY PRESIDENT, VICE-PRESIDENT, AND DEANS ONLY IF THE TRAVEL TIME EXCEEDS FOUR HOURS. IF ANY OTHER EMPLOYEE WISHES TO FLY BUSINESS CLASS FOR AN INTERNATIONAL TICKET EXCEEDING FOUR HOURS, APPROVAL IS REQUIRED PRIOR TO TICKET PURCHASE FROM VICE-PRESIDENT. IF BUSINESS CLASS IS AVAILABLE, FIRST CLASS TRAVEL IS NOT REIMBURSABLE THROUGH THE FOUNDATION. DURING THE FISCAL YEAR ENDED JUNE 30, 2015, ONE EXECUTIVE FLEW FIRST CLASS AS A RESULT OF NO AVAILABILITY IN BUSINESS CLASS ON AN INTERNATIONAL FLIGHT OR FLIGHT WITH DURATION GREATER THAN 4 HOURS. X 6 26278 FMV 0 1 1 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS. PART I, LINE 32B: MERRILL LYNCH WAS THE BROKER OF THE ORGANIZATION FOR THE ACCEPTANCE AND SALE OF STOCK DONATIONS. HOWEVER, THE FIU FOUNDATION CURRENTLY HAS A GIFT CLEARING ACCOUNT AT SUNTRUST FOR GIFTS OF SECURITIES. THE NEW ACCOUNT WAS OPENED ON 1/20/2015. DURING THE CURRENT YEAR, SOME STOCK GIFTS CAME IN THROUGH MERRILL LYNCH AND OTHERS THROUGH SUNTRUST. FORM 990, PART VI, SECTION A, LINE 2 DANNY PINO, DIRECTOR, AND LILLY BERNAL PINO, DIRECTOR, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 AN INITIAL DRAFT IS REVIEWED BY THE ASSISTANT VICE-PRESIDENT AND THE CHAIR OF THE AUDIT SUBCOMMITTEE FOR ACCURACY BEFORE FORM 990 IS FILED. THE APPROVED DRAFT FORM 990 IS SUBSEQUENTLY SENT TO ALL BOARD MEMBERS FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C EACH FOUNDATION BOARD AND COMMITTEE MEMBER HAS A CONTINUING OBLIGATION TO BE FAMILIAR WITH THE FLORIDA STATUTES REGARDING ETHICS AND CONFLICTS OF INTEREST AND THE TERMS OF THE POLICY; DISCLOSE TO THE FOUNDATION BOARD AND/OR COMMITTEE CHAIR ANY POSSIBLE PERSONAL, FAMILIAL OR BUSINESS RELATIONSHIPS THAT MIGHT REASONABLY GIVE RISE TO A CONFLICT INVOLVING THE FOUNDATION; AND ACKNOWLEDGE BY HIS OR HER EXECUTION OF THE "CONFLICT OF INTEREST DISCLOSURE FORM" THAT HE OR SHE IS IN COMPLIANCE WITH THE LETTER AND SPIRIT OF THIS POLICY AND APPLICABLE LAWS. BEGINNING EVERY FISCAL YEAR A FORM IS MAILED TO EVERY BOARD MEMBER FOR REVIEW AND UPDATE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT HAVE ANY EMPLOYESS AND DOES NOT PROVIDE ANY OFFICER, DIRECTOR, OR OTHER REPRESENTATIVE WITH ANY COMPENSATION. MEMBERS ARE COMPENSATED THROUGH FLORIDA INTERNATIONAL UNIVERSITY, A RELATED ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC ON THEIR WEBSITE AND UPON REQUEST. THE FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGES IN VALUE OF SPLIT-INTEREST OBLIGATIONS -60,613. UNREALIZED GAIN/LOSS ON INTEREST RATE SWAP 103,307. FORM 990, PART XII, LINE 2C THE PROCESS FOR THE SELECTION AND SUPERVISION OF THE ORGANIZATION'S INDEPENDENT AUDITOR HAS REMAINED CONSISTENT WITH THE PRIOR YEAR. FOUNDATION ENTERPRISE HOLDINGS I LLC 11200 SW 8TH STREET CSC 319 MIAMI FL 33199 272586968 BENEFIT FOUNDATION FL 216136 1997511 N/A FOUNDATION ENTERPRISE HOLDINGS II LLC 11200 SW 8TH STREET CSC 319 MIAMI FL 33199 461339057 BENEFIT FOUNDATION FL 103922 2849300 N/A FOUNDATION ENTERPRISE HOLDINGS III LLC 11200 SW 8TH STREET CSC 319 MIAMI FL 33199 463023343 BENEFIT FOUNDATION FL 214992 1334159 N/A FOUNDATION ENTERPRISE HOLDINGS IV LLC 11200 SW 8TH STREET CSC 319 MIAMI FL 33199 464970036 BENEFIT FOUNDATION FL 26853 636871 N/A FLORIDA INTERNATIONAL UNIVERSITY 11200 SW 8TH STREET MIAMI FL 33199 650177616 EDUCATION FL 115(1) N/A N/A 0 THE WOLFSONIAN INC 11200 SW 8TH STREET- MARC 530 MIAMI FL 33199 592741851 BENEFIT UNIVERSITY FL 501(C)(3) LINE 7 N/A 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0 0 0 FLORIDA INTERNATIONAL UNIVERSITY B 16142503 CASH PAID FLORIDA INTERNATIONAL UNIVERSITY J 2144009 CASH RECEIVED FLORIDA INTERNATIONAL UNIVERSITY M 706639 CASH RECEIVED FLORIDA INTERNATIONAL UNIVERSITY P 3491642 CASH PAID