2015-02-20T15:54:56-06:00 2014-06-30 341876254 CBIZ MHM LLC 28614 MARLBORO AVE SUITE 103 EASTON MD 21601 990 2013-07-01 521127396 SALISBURY UNIVERSITY FOUNDATION INC SALI 4105436392 P O BOX 2655 SALISBURY MD 21802 T GREG PRINCE EXECUTIVE DIRECTOR 4105436392 2015-02-12 1 STEVE J OCHSE P00040847 4108226950 2013 2016-02-25 16:41:14Z T GREG PRINCE 1308 CAMDEN AVE SALISBURY MD 21801 28129967 0 X WWW.SALISBURY.EDU/FOUNDATION X 1973 MD TO ENRICH THE ACTIVITIES, EDUCATIONAL PROGRAMS, ATHLETICS AND SCHOLARSHIPS OF SALISBURY UNIVERSITY. 33 33 0 0 20772 -12174 3181026 4722182 801863 496469 2262432 7053282 90627 168634 6335948 12440567 891251 1122090 0 0 810932 728451 0 0 205942 2160977 2547022 3863160 4397563 2472788 8043004 62754793 73190467 5488641 5222021 57266152 67968446 X THE PURPOSE OF THE FOUNDATION IS TO ENRICH THE ACTIVITIES, EDUCATIONAL PROGRAMS, ATHLETICS AND SCHOLARSHIPS OF SALISBURY UNIVERSITY. 0 0 386250 ATHLETIC AND RECREATION 480713 121672 DELMARVA PUBLIC RADIO 934839 934839 SCHOLARSHIPS 91878 NABB RESEARCH 207811 PERDUE SCHOOL BUSINESS 470618 HENSON SCHOOL OF BUSINESS 630840 187251 374567 OTHER UNIVERSITY PROGRAMS 100362 FULTON SCHOOL OF LIBERAL ARTS 157241 DELMARVA PUBLIC RADIO - SUF CONTRIBUTIONS TRANSFERRED TO DPR 1658750 187251 374567 3460552 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 166 0 1 0 1 1 1 0 0 0 0 1 1 0 0 X 33 33 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MD AL AZ HI KY LA MN NH OH OK SC WA X LYNN ADKINS 4105436392 1308 CAMDEN AVENUE SALISBURY MD 21801 CAROL BAKER-JONES DIRECTOR 1.00 X 0 0 0 CHARLIE CAPUTE CHAIRMAN 2.00 X X 0 0 0 DOUG CHURCH DIRECTOR 1.00 X 0 0 0 DR CAROLYN ELMORE DIRECTOR 1.00 X 0 0 0 RICHARD A GIVENS II DIRECTOR 2.00 X 0 0 0 DR PETER JACKSON DIRECTOR 2.00 X 0 0 0 MELISSA JUDKINS SECRETARY 2.00 X X 0 0 0 AMY TILGHMAN MILLER VICE CHAIRMAN 1.00 X X 0 0 0 DAVID MOORE DIRECTOR 1.00 X 0 0 0 ROBERT MOORE TREASURER 2.00 X X 0 0 0 STEVE PAPPAS DIRECTOR 1.00 X 0 0 0 JAMES PERDUE DIRECTOR 1.00 X 0 0 0 BRUCE ROGERS DIRECTOR 1.00 X 0 0 0 PETER ROSKOVICH DIRECTOR 1.00 X 0 0 0 TONY SPOSATO DIRECTOR 1.00 X 0 0 0 LELAND TRICE DIRECTOR 1.00 X 0 0 0 DONALD WHALEY DIRECTOR 1.00 X 0 0 0 T GREG PRINCE EXECUTIVE DIRECTOR 5.00 40.00 X X 0 209392 31852 KEVIN BERNSTEIN DIRECTOR 1.00 X 0 0 0 ROBERT BROSMER DIRECTOR 1.00 X 0 0 0 W RICHARD HOLLOWAY JR DIRECTOR 1.00 X 0 0 0 DWIGHT W MARSHALL JR DIRECTOR 1.00 X 0 0 0 TIMOTHY MILLER DIRECTOR 1.00 X 0 0 0 DR ROSENTHAL THOMAS DIRECTOR 1.00 X 0 0 0 DR CHRISTOPHER SNYDER DIRECTOR 1.00 X 0 0 0 MICHELE THOMAS DIRECTOR 1.00 X 0 0 0 BENJAMIN WILLEY DIRECTOR 1.00 X 0 0 0 MICHELE GARIGLIANO DIRECTOR 1.00 X 0 0 0 ASHLEY STERN ALTVATER DIRECTOR 1.00 X 0 0 0 LAURA BAKER DIRECTOR 1.00 X 0 0 0 STEPHEN FARROW DIRECTOR 1.00 X 0 0 0 EDWARD HENRY DIRECTOR 1.00 X 0 0 0 SUSAN PURNELL DIRECTOR 1.00 X 0 0 0 JASON CURTIN DEPUTY DIRECTOR 40.00 X 0 86429 23627 0 295821 55479 0 0 1 0 NATIONAL PUBLIC RADIO P O BOX 79540 BALTIMORE MD 21279 RADIO PROGRAMMING 191363 MASON INVESTMENT ADVISORY SERVICES 11130 SUNRISE VALLEY DR STE 200 RESTON VA 20191 INVESTMENT MANAGEMENT 132751 2 48560 103733 4569889 182376 4722182 ALL OTHER PROGRAM SERVICE REVENUE 900099 182241 182241 QUALIFIED SPONSORSHIP PAYMENTS 515100 121671 121671 EVENT REGISTRATIONS 900099 92371 92371 MEMBERSHIP INCOME 900099 55543 55543 GATE RECEIPTS/TICKETS 900099 44643 44643 496469 2247592 2247592 71729 20772 72264 0 -535 20772 20237 20772 -535 18694800 1212756 13688032 1413834 5006768 -201078 4805690 4805690 661423 48560 515270 146153 146153 ADMINISTRATIVE FEE TRANSFER 611710 2244 2244 2244 12440567 496469 20772 7201144 X -1204 -1204 1123294 1123294 154197 154197 574254 107244 296606 170404 46997 41619 5378 55000 12000 43000 150378 150378 16213 14435 1778 77052 55840 11767 9445 87344 82091 3775 1478 23538 23419 119 35735 35445 290 130232 124398 3528 2306 9301 4220 5081 16981 16981 11376 11376 6877 4531 2346 EQUIPMENT AND SUPPLIES 330786 328918 1868 RECOGNITION 237814 229226 8588 PROGRAMMING 197246 197246 SPECIAL SERVICES 162536 162528 8 951616 886945 42362 22309 4397563 3460552 731069 205942 357701 129350 6218013 6918832 138145 111654 76151 67156 2167654 955692 1263601 1211962 45712416 55134567 8988766 9616946 62754793 73190467 209186 112985 188141 178719 1875757 1750000 3215557 3180317 5488641 5222021 X 4836307 5652657 26563375 35407618 25866470 26908171 57266152 67968446 62754793 73190467 8043004 2659290 0 X X 0 1 X 1 0 X 8368638 2493579 2250499 3181026 4722182 21015924 8368638 2493579 2250499 3181026 4722182 21015924 229185 20786739 1001530 1116128 1356361 1643613 2319321 7436953 37420 48231 2244 87895 28540772 6552519 0.72830 0.72550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 43478647 328281 8673570 1309524 51170974 37792948 572209 5666690 553200 43478647 38546420 142991 -828046 68517 37792848 30508684 148947 7919351 30562 38546420 26206830 1320929 4206876 1225951 30508684 0.05000 0.44000 0.51000 0 0 685696 685696 1333935 815290 518645 148023 140402 7621 1211962 MONEY MARKET FUNDS 235714 F COMMON STOCKS 554395 F MUTUAL FUNDS 53645936 F EXCHANGE TRADED PRODUCTS 698522 F 55134567 DONATED AND OTHER ASSETS 167852 ANNUITY TRUST INVESTMENT POOL 7507092 COSTS ADVANCED ON REAL ESTATE 1942002 9616946 ANNUITIES PAYABLE 3180317 3180317 X 14432655 2659291 587532 3246823 11185832 129262 1125473 1254735 12440567 4855833 587532 587532 4268301 129262 129262 4397563 PART X, LINE 2: FASB ASC 740-10 REQUIRES THE EVALUATION OF TAX POSITIONS, WHICH INCLUDE MAINTAINING IT TAX-EXEMPT STATUS AND THE TAXABILITY OF UNRELATED BUSINESS INCOME, AND DOES NOT ALLOW RECOGNITION OF TAX POSITIONS WHICH DO NOT MEET A "MORE-LIKELY-THAN-NOT" THRESHOLD OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. MANAGEMENT DOES NOT BELIVE IT HAS TAKEN ANY TAX POSITIONS THAT WOULD NOT MEET THIS THRESHOLD. PART XI, LINE 2D - OTHER ADJUSTMENTS: EXPENSES INCURRED ON RENTAL INCOME EXPENSES INCURRED ON FUNDRAISING INCOME PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN ON TRANSFER OF LICENSE LOSS ON SALE OF REAL ESTATE TRANSFER FROM PERDUE SCHOOL OF BUSINESS PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES INCURRED ON RENTAL INCOME EXPENSES INCURRED ON FUNDRAISING INCOME PART XII AND PART XIII PART XII AND PART XIII, LINE 2D: AMOUNTS REPRESENT DIRECT RENTAL AND FUNDRAISING EVENT EXPENSES (FORM 990, PART VIII, LINES 6B AND 8B). THESE EXPENSES ARE SHOWN AS REDUCTIONS OF REVENUE ON FORM 990, BUT ARE INCLUDED WITH EXPENSES ON THE AUDITED FINANCIAL STATEMENTS. EXPENSES INCURRED ON RENTAL INCOME $ 72,264 EXPENSES INCURRED ON FUNDRAISING EVENT INCOME $515,270 TOTAL $587,534 ******************* PART V, LINE 4 PART V, LINE 4 THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS TO ENRICH THE ACTIVITIES, EDUCATIONAL PROGRAMS, ATHLETICS, AND SCHOLARSHIPS OF SALISBURY UNIVERSITY. SEA GULL CENT. 655090 11990 643100 50126 4950 444956 GOLF CLASSIC 54893 36570 18323 15238 709983 48560 661423 50126 4950 460194 515270 146153 1 SALISBURY UNIVERSITY 1101 CAMDEN AVENUE SALISBURY MD 21802 526002033 501(C)(3) 2337769 CASH PAID GRANTS AND OTHER ASSISTANCE TO ORGANIZATIONS IN THE US INCLUDE REIMBURSEMENTS TO COVER EXPENSES PAID FOR BY SALISBURY UNIVERSITY, INCLUDING PAYROLL, AND RELATED PERSONNEL COSTS INCLUDING EMPLOYEE BENEFITS, AND OTHER OPERATING EXPENSES. 1 STUDENT SCHOLARSHIPS, SALISBURY UNIVERSITY 370 934839 BOOK FACULTY GRANTS, SALISBURY UNIVERSITY TRAVEL/CONFERENCE 35 27362 BOOK PART I, LINE 2: SCHEDULE I, THE RECIPIENT MUST PROVIDE SUPPORTING DOCUMENTATION/RECEIPTS FOR THE PURPOSE FOR WHICH THEY WERE REWARDED THE GRANT. 0 0 0 0 0 0 0 0 0 T GREG PRINCE EXECUTIVE DIRECTOR 0 209392 0 0 0 0 0 15224 0 16628 0 241244 0 0 X 21 9092 DONOR/APPRAISALS X 3 22425 DONOR/APPRAISALS X 6485 DONOR/APPRAISALS X 1695 DONOR X 1 500 DONOR X 2 21349 FAIR MARKET VALUE X 1 4600 DONOR X 2 6230 DONOR X OTHER-MISCELL 25 103978 DONOR X OTHER-SPORTS 6 2119 DONOR X OTHER-FOOD FO 2 2050 DONOR X OTHER-LODGING 2 1853 DONOR 0 0 1 0 PART I, LINE 33: FOR 28 OTHER- MISCELLANEOUS - ATHLETIC TENTS, T-SHIRTS AND A UV UNIT FOR THE ART DEPARTMENT FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S EXECUTIVE DIRECTOR AND BOARD TREASURER REVIEW THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS ARE REQUIRED TO FILL OUT A FORM ANNUALLY DISCLOSING ANY CONFLICTS OF INTEREST. THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE ON A REGULAR BASIS. IF A SITUATION ARISES REGARDING A CONFLICT OF INTEREST, THE ORGANIZATION'S EXECUTIVE COMMITTEE WILL DISCUSS THE SITUATION AND MAKE A DECISION REGARDING THE MATTER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE TO VIEW ON ITS WEBSITE. ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E EVENT COSTS: PROGRAM SERVICE EXPENSES 118,756. MANAGEMENT AND GENERAL EXPENSES 17,674. FUNDRAISING EXPENSES 22,002. TOTAL EXPENSES 158,432. DELMARVA PUBLIC RADIO CONTRIBUTION TRANSFER: PROGRAM SERVICE EXPENSES 157,241. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 157,241. GIFT IN KIND TRANSACTIONS: PROGRAM SERVICE EXPENSES 156,827. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 156,827. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 112,644. MANAGEMENT AND GENERAL EXPENSES 290. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 112,934. MEALS AND ENTERTAINMENT: PROGRAM SERVICE EXPENSES 76,007. MANAGEMENT AND GENERAL EXPENSES 2,320. FUNDRAISING EXPENSES 307. TOTAL EXPENSES 78,634. UNIFORMS: PROGRAM SERVICE EXPENSES 76,020. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 76,020. HONORARIUMS: PROGRAM SERVICE EXPENSES 74,404. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 74,404. DUES SUBSCRIPTIONS AND FEES: PROGRAM SERVICE EXPENSES 65,910. MANAGEMENT AND GENERAL EXPENSES 3,338. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 69,248. CREDIT CARD CHARGES: PROGRAM SERVICE EXPENSES 6,545. MANAGEMENT AND GENERAL EXPENSES 17,840. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,385. TOWER OCCUPANCY: PROGRAM SERVICE EXPENSES 16,461. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,461. DONATIONS: PROGRAM SERVICE EXPENSES 14,408. MANAGEMENT AND GENERAL EXPENSES 600. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,008. FACULTY DEVELOPMENT: PROGRAM SERVICE EXPENSES 7,952. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,952. PROPERTY TAXES: PROGRAM SERVICE EXPENSES 5,944. MANAGEMENT AND GENERAL EXPENSES 300. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,244. PROGRAMS/OUTREACH: PROGRAM SERVICE EXPENSES 4,319. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,319. SPORTS OFFICIALS: PROGRAM SERVICE EXPENSES 3,530. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,530. PUBLIC RELEATIONS: PROGRAM SERVICE EXPENSES 869. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 869. ADMINISTRATIVE FEE: PROGRAM SERVICE EXPENSES -10,892. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES -10,892. FORM 990, PART VI, SECTION A, LINE 11B THE ORGANIZATION'S EXECUTIVE DIRECTOR AND BOARD TREASURER REVIEW THE FORM 990 BEFORE IT IS FILED. FORM 990 PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS ARE REQUIRED TO FILL OUT A FORM ANNUALLY DISCLOSING ANY CONFLICTS OF INTEREST. THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE ON A REGULAR BASIS. IF A SITUATION ARISES REGARDING A CONFLICT OF INTEREST, THE ORGANIZATION'S EXECUTIVE COMMITTEE WILL DISCUSS THE SITUATION AND MAKE A DECISION REGARDING THE MATTER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE TO VIEW ON ITS WEBSITE. ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990 PART VI, SECTION B LINE 15A & 15B SALISBURY UNIVERSITY FOUNDATION, INC. IS AFFILIATED WITH A STATE OF MARYLAND INSTITUTION (SALISBURY UNIVERSITY), AND IT ABIDES BY THE STATE INSTITUTION'S STANDARD COMPENSATION SCHEDULES. THE FOUNDATION REIMBURSES SALISBURY UNIVERSITY FOR ALL PERSONNEL COSTS. FORM 990, SCHEDULE R, PART II, COLUMN (B) PRIMARY ACTIVITY OF SALISBURY UNIVERSITY REAL ESTATE FOUNDATION, INC. - TO PRODUCE FUNDS TO PROMOTE THE EDUCATIONAL, SCIENTIFIC & CHARITABLE PURPOSES OF SALISBURY UNIVERSITY. 100 W COLLEGE AVE LLC P O BOX 2655 SALISBURY MD 21802 208045512 REAL ESTATE MD SUF INC ALLEN BATEMAN LLC P O BOX 2655 SALISBURY MD 21802 261337063 REAL ESTATE MD SUF INC SALISBURY UNIV REAL ESTATE FOUNDATION 1308 CAMDEN AVE SALISBURY MD 21801 522247526 SEE SCH 0 MD 501(C)(3) TYPE I N/A 0 SALISBURY UNIVERSITY 1101 CAMDEN AVENUE SALISBURY MD 21801 526002033 EDUCATION MD 501(C)(3) N/A 0 0 1 1 0 0 0 1 0 0 1 0 0 0 0 1 1 1 0 0 SALISBURY UNIVERSITY G 275642 GAIN ON TRANSACTION SALISBURY UNIVERSITY C 1326552 CASH RECEIPT SALISBURY UNIVERSITY P 771578 PERSONNEL REIMBURSEMENT SALISBURY UNIVERSITY P 1566191 EXPENSE REIMBURSEMENT SALISBURY UNIVERSITY J 71729 CASH RECEIPT (LEASE) FORM 990, SCHEDULE R, PART II, COLUMN (B) PRIMARY ACTIVITY OF SALISBURY UNIVERSITY REAL ESTATE FOUNDATION, INC. - TO PRODUCE FUNDS TO PROMOTE THE EDUCATIONAL, SCIENTIFIC & CHARITABLE PURPOSES OF SALISBURY UNIVERSITY.