2015-11-06T15:15:12-06:00 2015-06-30 453269313 YH ADVISORS INC 7755 CENTER AVENUE SUITE 1225 HUNTINGTON BEACH CA 92647 990 2014-07-01 646022505 UNIVERSITY OF SOUTHERN MS FOUNDATION UNIV 6012665210 118 COLLEGE DRIVE 5210 HATTIESBURG MS 39406 STACE MERCIER EXECUTIVE DIRECTOR 6012665210 2015-10-26 1 BRIAN YACKER P00401346 3109822806 2014 2016-03-07 17:11:31Z STACE MERCIER 118 COLLEGE DRIVE 5210 HATTIESBURG MS 39406 19357278 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 0 154 0 0 16624681 6276220 0 0 3591055 4339071 242682 94192 20458418 10709483 10492452 10101147 0 0 35502 34791 157209 159860 577893 2354493 2332138 13039656 12627936 7418762 -1918453 116836690 112773823 905705 1064125 115930985 111709698 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 10101147 10101147 PROVIDE SCHOLARSHIPS AND TRANSFERS TO SUPPORT THE UNIVERSITY OF SOUTHERN MISSISSIPPI 979090 OTHER DESIGNATED ITEMS, COMMODITIES AND CONTRACTURAL SERVICES IN SUPPORT OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI 11080237 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 67 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AL CA CO CT 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 WI WV X X LESLEE SMITH 6012665210 118 COLLEGE DRIVE 5210 HATTIESBURG MS 39406 LOU ANN POYNTER PRESIDENT 1.00 X X 0 0 0 W REED ALLISON JR VICE PRESIDENT 1.00 X X 0 0 0 D SHANE LOPER TREASURER AND FINANCE COMMITTEE CHAIR 1.00 X X 0 0 0 WILFORD A PAYNE III MEMBER-AT-LARGE 1.00 X 0 0 0 GARY W CARMICHAEL POLICY AND BYLAWS COMMITTEE CHAIR 1.00 X 0 0 0 HON GILBERT C VAN LOON INVESTMENT COMMITTEE CHAIR 1.00 X 0 0 0 REX E KELLY IMMEDIATE PAST PRESIDENT 1.00 X 0 0 0 TODD N ADKINS BOARD MEMBER 1.00 X 0 0 0 LARRY A ALBERT 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 C JEROME BROWN II BOARD MEMBER 1.00 X 0 0 0 JAN COLLINS BOARD MEMBER 1.00 X 0 0 0 BEVERLY DALE 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 CURTIS L HEBERT JR BOARD MEMBER 1.00 X 0 0 0 JAMES H HEIDELBERG BOARD MEMBER 1.00 X 0 0 0 MICHAEL BRADFORD HEWES BOARD MEMBER 1.00 X 0 0 0 CHRIS INMAN BOARD MEMBER 1.00 X 0 0 0 CHERYL T JOHNSON BOARD MEMBER 1.00 X 0 0 0 SAMUEL LEE JONES BOARD MEMBER 1.00 X 0 0 0 LYNDA B LESLEY BOARD MEMBER 1.00 X 0 0 0 DOROTHY ROBERTS MCEWEN BOARD MEMBER 1.00 X 0 0 0 BUTCH MCKENZIE BOARD MEMBER 1.00 X 0 0 0 PATRICIA P MUNN BOARD MEMBER 1.00 X 0 0 0 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 DAVID A WILLIAMS BOARD MEMBER 1.00 X 0 0 0 J SHANNON FLEMING EXEC DIR./SEC. 40.00 0.00 X 0 126897 23961 STACE MERCIER CHIEF FINANCIAL OFFICER 40.00 0.00 X 0 81750 12876 0 208647 36837 0 0 1 0 SEI 1 FREEDOM VALLEY DR OAKS PA 19456 INVESTMENT MANAGEMENT 246376 RUFFALOCODY HOLDINGS LLC PO BOX 718 DES MOINES IA 503030718 PHONE SOLICITATION 183302 BLACKBAUD INC PO BOX 930256 ATLANTA GA 311930256 SOFTWARE SERVICES 148695 3 6276220 1790346 6276220 2170369 2170369 10796497 20000 8628796 18999 2167701 1001 2168702 2168702 QUID PRO QUO INCOME 900099 42515 42515 MISCELLANEOUS INCOME 900099 33351 33351 LIFE INSURANCE 900099 18326 18326 94192 10709483 0 0 4433263 X 10099047 10099047 2100 2100 34791 31391 3400 13000 1000 12000 52500 52500 22051 22051 159860 159860 350000 350000 352785 188240 59009 105536 256882 122339 75974 58569 95931 31554 31817 32560 162722 1288 86979 74455 192 192 189876 130675 9937 49264 1223 1223 351338 225286 73266 52786 56390 56390 28638 28638 CAPITAL OUTLAY 159146 147937 9196 2013 MEALS AND ENTERTAINMENT 99474 64101 7925 27448 DUES AND SUBSCRIPTIONS 77658 27002 44812 5844 PROF. DEVELOPMENT 31749 16202 9389 6158 30583 30583 12627936 11080237 969806 577893 2932939 877355 17255245 12052041 99673 109591 633891 564406 234874 69485 88826264 87835334 4484695 10243304 3003000 1586713 116836690 112773823 562123 758795 343582 305330 905705 1064125 X 5128785 5392868 51563139 42722252 59239061 63594578 115930985 111709698 116836690 112773823 X -1918453 -2204652 2312 -100494 X X 0 1 X 1 0 X 4878567 20560148 8605333 16624681 6276220 56944949 4878567 20560148 8605333 16624681 6276220 56944949 18978129 37966820 1763252 1588779 1769691 1837795 2170369 9129886 298318 392566 150302 242682 94192 1178060 67252895 0.56450 0.66490 X FORM 990, SCHEDULE A, PART II, SECTION B, LINE 10, COLUMN E QUID PRO QUO INCOME - $42,515 MISCELLANEOUS INCOME - $33,351 LIFE INSURANCE - $18,326 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 22051 22051 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. 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 49149641 1413935 10663578 981894 1500117 58745143 0.02170 0.71880 0.25950 0 0 16072 9639 6433 617819 554767 63052 69485 OTHER SECURITIES 10243304 F 10243304 GIFT ANNUITIES PAYABLE 305330 305330 X 9641673 -2204652 2312 -100494 -2302834 11944507 -1235024 -1235024 10709483 13862960 0 13862960 -1235024 -1235024 12627936 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, 2015 AND 2014, THERE WERE NO MATERIAL UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -100,494. PART XI, LINE 4B - OTHER ADJUSTMENTS: USM SUPPORT -1,615,607. BAD DEBT 30,583. INVESTMENT MANAGEMENT FEES 350,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: USM SUPPORT -1,615,607. BAD DEBT 30,583. INVESTMENT MANAGEMENT FEES 350,000. X X X X 1 RUFFALOCODY HOLDINGSLLC PO BOX 718 DES MOINES IA 503030718 PHONE SOLICITATION 0 231470 159860 71610 231470 159860 71610 AK AL CA CO CT 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 WI WV 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) 10062586 USM PROGRAMS THE UNIVERSITY OF SOUTHERN MISSISSIPPI ATHLETIC FOUNDATION 118 COLLEGE DRIVE 5017 HATTIESBURG MS 39406 640929171 501(C)(3) 30151 USM ATHLETICS THE UNIVERSITY OF SOUTHERN MISSISSIPPI ALUMNI ASSOCIATION 118 COLLEGE DRIVE 5013 HATTIESBURG MS 39406 640763097 501(C)(3) 5985 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. 0 0 0 0 0 0 0 0 0 J SHANNON FLEMING EXEC DIR./SEC. 0 126897 0 0 0 0 0 0 0 23961 0 150858 0 0 PART I, LINE 3 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 ALL HANDLED BY THE UNIVERSITY. COMPENSATION WAS REVIEWED AND APPROVED BY THE UNIVERSITY OF SOUTHERN MISSISSIPPI IN MAY 2013. X 1 25000 FAIR MARKET VALUE X 5202 FAIR MARKET VALUE X 22 1627668 AVG STOCK PRICE X 1 5000 FAIR MARKET VALUE X 2 4463 FAIR MARKET VALUE X TRUST INTEREST 1 114378 PRESENT VALUE X VARIOUS 11 8636 FAIR MARKET VALUE 0 1 0 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 SIGN A WRITTEN STATEMENT CERTIFYING THAT THEY AGREE AND ARE IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. THERE HAVE BEEN NO CHANGES FROM PRIOR YEAR. 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 24E BAD DEBT EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 30,583. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30,583. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -100,494. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S FINANCE AND AUDIT COMMITTEE HAS RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS HAS NOT CHANGED FROM THE PRIOR YEARS. FOUNDATION AVIATION HOLDINGS LLC 118 COLLEGE DRIVE 5210 HATTIESBURG MS 39406 263637085 LEASING MS 33328 637712 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 83584 0.60510 0 HLG AND JBG CRUT PO BOX 10885 BIRMINGHAM AL 35202 646215863 INVESTMENTS MS N/A T 15290 0.82850 0 JEG CRAT 1581 AMERIPRISE FINANCIAL CENTER MINNEAPOLIS MN 55474 207371805 INVESTMENTS MS N/A T 332946 0.68800 0 LEH CRAT PO BOX 1231 HATTIESBURG MS 39403 726180760 INVESTMENTS MS N/A T 124894 0.88620 0 MI CRUT PO BOX 10885 BIRMINGHAM AL 35202 646214146 INVESTMENTS MS N/A T 4164 0.58360 0 LEH #3 CRAT PO BOX 1231 HATTIESBURG MS 39403 646217320 INVESTMENTS MS T 37913 0.88620 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 10062586 CASH DISBURSED AND PROPERTY TRANS UNIVERSITY OF SOUTHERN MISSISSIPPI J 197141 DIRECT FINANCING LEASE UNIVERSITY OF SOUTHERN MISSISSIPPI N 121158 CONTRIB. UTILITIES & FACILITIES UNIVERSITY OF SOUTHERN MISSISSIPPI O 1494450 CASH DISBURSED