2015-05-07T08:15:10-05:00 2014-06-30 420714325 MCGLADREY LLP 7351 OFFICE PARK PL MELBOURNE FL 32940 990 2013-07-01 596211832 UNIVERSITY OF CENTRAL FLORIDA FOUNDATION INC UNIV 4078821220 12424 RESEARCH PARKWAY NO 140 ORLANDO FL 32826 ALBERT J FRANCIS II CPA CFO 4078821220 2015-05-04 1 THERESA A BURDINE CPA P00362629 3217516200 2013 2016-02-25 16:41:14Z ALBERT J FRANCIS II CPA 12424 RESEARCH PARKWAY NO 140 ORLANDO FL 32826 55428930 0 X WWW.UCFFOUNDATION.ORG X 1968 FL THE UCF FOUNDATION ENCOURAGES, STEWARDS AND CELEBRATES CHARITABLE CONTRIBUTIONS FROM ALUMNI AND FRIENDS TO SUPPORT THE UNIVERSITY OF CENTRAL FLORIDA. THE UCF FOUNDATION, INC. IS A NOT-FOR-PROFIT ORGANIZATION THAT ENHANCES THE MISSION AND VISION OF THE UNIVERSITY OF CENTRAL FLORIDA THROUGH ITS FUNDRAISING ACTIVITIES. THROUGH THE FOUNDATION, PRIVATE SUPPORT HAS HELPED UCF ESTABLISH ITSELF AS A MAJOR METROPOLITAN UNIVERSITY. 37 35 0 600 102758 91582 25608046 22651577 2481184 2730801 4298782 6070978 3516857 5094479 35904869 36547835 12485717 12859547 0 0 9016686 9461209 244684 349706 5678263 5070672 6010944 26817759 28681406 9087110 7866429 263770330 287546289 36979012 34298067 226791318 253248222 X THE UCF FOUNDATION ENCOURAGES, STEWARDS AND CELEBRATES CHARITABLE CONTRIBUTIONS FROM ALUMNI AND FRIENDS TO SUPPORT THE UNIVERSITY OF CENTRAL FLORIDA. 0 0 5562022 5561735 1828831 ATHLETICS EXPENSES PAID IN SUPPORT OF THE UNIVERSITY OF CENTRAL FLORIDA ATHLETICS PROGRAM ENHANCE THE OVERALL ACADEMIC AND ATHLETIC EXPERIENCE FOR STUDENTS AND HELP PROVIDE FUNDS NECESSARY FOR UCF ATHLETICS TO CONTINUE DEVELOPING A NATIONALLY COMPETITIVE ATHLETICS PROGRAM. FUNDS ASSIST UCF ATHLETICS IN PROVIDING THE RESOURCES NECESSARY FOR UCF STUDENT ATHLETES TO SUCCEED IN THE CLASSROOM AND IN COMPETITION. 4556997 3033223 43651 ACADEMIC EXPENSES PAID IN SUPPORT OF THE UNIVERSITY OF CENTRAL FLORIDA PROGRAMS INCLUDE FUNDING PROGRAM EXPENSES AND SALARIES FOR UNIVERSITY EMPLOYEES. ACADEMIC SUPPORT HELPS THE UNIVERSITY'S OUTSTANDING FACULTY INSPIRE STUDENTS, FOSTER AND ENHANCE STRONG ACADEMIC PROGRAMS, AND SERVE AS A KEY ELEMENT TO INSTITUTIONAL GREATNESS. ENDOWED CHAIRS, EMINENT SCHOLARS, AND DISTINGUISHED PROFESSORS ARE PRESTIGIOUS ACADEMIC POSITIONS HELD BY THE UNIVERSITY'S MOST ACCOMPLISHED FACULTY. SPENDING TO SUPPORT THESE POSITIONS MEANS THAT ACADEMIC EXCELLENCE WILL BE MAINTAINED AND SUPPORT FOR RESEARCH PROJECTS AND INNOVATIVE PROGRAMS ARE AT THE HEART OF THE UCF LEARNING EXPERIENCE. OPPORTUNITIES, CURRICULUM DEVELOPMENT, INTERNSHIPS, INTERDISCIPLINARY WORK, EXPERIENTIAL LEARNING, AND ACADEMIC ENRICHMENT REQUIRE PRIVATE SUPPORT. 3095572 3064734 2240 STUDENT AID - THE UCF FOUNDATION IS DEDICATED TO ENRICHING THE LIVES OF UCF STUDENTS; THEREFORE, THE FOUNDATION SOLICITS DONATIONS TO SUPPORT SCHOLARSHIPS TO BENEFIT UCF STUDENTS. SCHOLARSHIPS ARE DESIGNED TO REWARD, ENCOURAGE AND ASSIST STUDENTS IN PURSUING ACADEMIC EXCELLENCE. SCHOLARSHIPS HELP ATTRACT A DIVERSE STUDENT BODY THAT CONTINUES TO BRING VARIOUS TALENTS AND AMBITIOUS GOALS TO ALL FACETS OF THE UNIVERSITY. SCHOLARSHIP FUNDS ARE TRANSFERRED TO THE UNIVERSITY FOR ADMINISTRATION AND PROCESSING. 4984482 1199855 1006410 RESEARCH: RESEARCH IS CONDUCTED ON AN INDIVIDUAL AND COLLABORATIVE BASIS BY FACULTY WHO FOCUS ON THEIR PARTICULAR AREAS OF ACADEMIC DISCIPLINE. UCF HAS NUMEROUS NATIONALLY AND INTERNATIONALLY RECOGNIZED RESEARCH INSTITUTES DEVOTED TO INNOVATIVE RESEARCH AND DEVELOPMENT.ALUMNI RELATIONS: ENHANCES THE LIVES OF UCF ALUMNI, PARENTS, STUDENTS AND FRIENDS BY FOSTERING A MUTUALLY BENEFICIAL RELATIONSHIP WITH THE UNIVERSITY OF CENTRAL FLORIDA.GENERAL UNIVERSITY SUPPORT: THE FOUNDATION ALSO ADMINISTERS EXPENSES TO SUPPORT GENERAL AREAS AND PROGRAMS OF THE UNIVERSITY. 4984482 1199855 1006410 18199073 1 1 0 1 0 0 1 0 0 1 1 0 0 0 1 0 1 0 0 0 1 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 1 X 72 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 X 37 35 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 0 0 0 AK CA KY MD MA MI MN NH NJ NY OK OR SC UT WI X X ALBERT J FRANCIS II CPA 4078821220 12424 RESEARCH PARKWAY SUITE 140 ORLANDO FL 32826 JUDY ALBERTSON DIRECTOR/CHAIR 1.00 X X 0 0 0 RICHARD O BALDWIN JR DIRECTOR 1.00 X 0 0 0 SCOTT BUESCHER DIRECTOR 1.00 X 0 0 0 HANY M GIRGIS DIRECTOR 1.00 X 0 0 0 JAMES R HOPES DIRECTOR 1.00 X 0 0 0 PHYLLIS KLOCK DIRECTOR/VICE-CHAIR 1.00 X X 0 0 0 RONALD C THOW DIRECTOR/SECRETARY 1.00 X X 0 0 0 RAJESH S TOLETI DIRECTOR 1.00 X 0 0 0 RICHARD J WALSH DIRECTOR 1.00 X 0 0 0 BRUCE K GOULD DIRECTOR 1.00 X 0 0 0 RITA A LOWNDES DIRECTOR 1.00 X 0 0 0 MICHAEL MANGLARDI DIRECTOR/IMM PAST CHAIR 1.00 X X 0 0 0 ANTHONY J CONNELLY DIRECTOR 1.00 X 0 0 0 JAMES A JAHNA SR DIRECTOR 1.00 X 0 0 0 NELSON J MARCHIOLI DIRECTOR 1.00 X 0 0 0 MARGERY PABST DIRECTOR 1.00 X 0 0 0 JOHN R SPROULS DIRECTOR 1.00 X 0 0 0 JAMES W FERRELL DIRECTOR/CO-VICE CHAIR 1.00 X X 0 0 0 DR JOHN C HITT EX-OFFICIO DIR/UCF PRESIDENT 1.00 X 0 0 0 OLGA CAVET EX-OFFICIO DIR/UCF BOT CHAIR 1.00 X 0 0 0 MARCOS MARCHENA DIRECTOR 1.00 X 0 0 0 LARRY F TOBIN DIRECTOR/TREASURER 1.00 X X 0 0 0 RITA ADLER DIRECTOR 1.00 X 0 0 0 MELANIE FERNANDEZ DIRECTOR 1.00 X 0 0 0 KEITH J FLANNERY DIRECTOR 1.00 X 0 0 0 PHILIP L KEAN DIRECTOR 1.00 X 0 0 0 SURESH GUPTA DIRECTOR 1.00 X 0 0 0 LEILA NORDARSE DIRECTOR 1.00 X 0 0 0 PAUL J MIRABELLA DIRECTOR 1.00 X 0 0 0 J OSCAR RODRIGUEZ DIRECTOR 1.00 X 0 0 0 JOSEPH MELBOURNE DIRECTOR 1.00 X 0 0 0 ANTONIO MORENO DIRECTOR 1.00 X 0 0 0 JIM ATCHISON DIRECTOR 1.00 X 0 0 0 CAROL M CRAIG DIRECTOR 1.00 X 0 0 0 MICHAEL J SARPU DIRECTOR 1.00 X 0 0 0 LARRY CHASTANG DIRECTOR 1.00 X 0 0 0 ANTHONY J NICHOLSON DIRECTOR 1.00 X 0 0 0 ROBERT J HOLMES JR CHIEF EXECUTIVE OFFICER 40.00 X 270250 0 50240 BEN MCMAHAN CHIEF OPERATING OFFICER 40.00 X 178209 0 39438 AJ BERT FRANCIS II CHIEF FINANCIAL OFFICER 40.00 X 151417 0 16000 JOYCE HENCKLER CHIEF DEVELOPMENT OFFICER 40.00 X 193929 0 40587 THOMAS MESSINA ASSOC VP ALUMNI RELATIONS 40.00 X 151826 0 35120 ANNE BOTTERI ASST VP COMM/MARKETING 40.00 X 139232 0 25170 JEFF ULMER ASSISTANT VP DEVELOPMENT 40.00 X 135631 0 26707 RANDY MCKEY SENIOR DIRECTOR OF DEVELOP 40.00 X 119963 0 33209 KARA FLEHARTY SCHULTZ ASSISTANT VP DEVELOPMENT 40.00 X 114796 0 40460 1455253 0 306931 9 0 1 1 CUSHMAN & WAKEFIELD 12424 RESEARCH PARKWAY ORLANDO FL 32826 BUILDING MANAGEMENT SERVICES 523910 D & A BUILDING SERVICES INC 321 GEORGIA AVENUE LONGWOOD FL 32750 MAINTENANCE 396364 ORANGE COUNTY R & D AUTHORITY 12424 RESEARCH PARKWAY SUITE 100 ORLANDO FL 32826 AREA MANAGEMENT SERVICES 216187 BLACKBAUD INC PO BOX 930256 ATLANTA GA 31193 CONSULTING SERVICES 198159 COORDINATOR INC PO BOX 540556 ORLANDO FL 32854 CATERING SERVICES 190550 14 2812711 170680 7378593 12289593 234449 22651577 PROGRAM REVENUE 611710 2730801 2730801 2730801 2496789 2496789 1606654 64983 1541671 9829870 6516215 3313655 3313655 3313655 15849576 12275387 3574189 3574189 3574189 178316 170680 81007 97309 97309 12004 8486 3518 3518 MISCELLANEOUS REVENUE 900099 39086 39086 ADVERTISING REVENUE 541800 34257 34257 73343 36547835 2769887 102758 11023613 12759619 12759619 99928 99928 858554 453793 404761 6742973 1554636 1911657 3276680 420032 93930 170648 155454 956692 193075 443041 320576 482958 98716 199570 184672 21224 21029 195 130700 130700 166753 166753 349706 349706 263648 263648 592095 381748 135582 74765 293749 195520 10200 88029 544561 160526 99166 284869 559538 45480 466688 47370 511948 368245 16090 127613 574539 436201 50880 87458 212144 160823 51321 107010 6667 100343 89219 29421 58961 837 BANQUETS & RECEPTIONS 591913 527336 6972 57605 PROGRAMING FEES 169996 169996 SPONSORSHIPS 169060 145357 23703 RENTAL FACILITIES, EQUI 155531 65452 48027 42052 857316 539644 165754 151918 28681406 18199073 4804070 5678263 101900 101900 19512915 16258678 7853662 9092490 309535 296770 148678 234449 814312 588641 98839308 20336732 80062990 78502576 147180602 173825911 7630230 8262802 155506 382072 263770330 287546289 2083147 2278507 2936958 1762510 23983967 23591777 7069603 5775000 905337 890273 36979012 34298067 X 58766981 82839236 51462909 51315194 116561428 119093792 226791318 253248222 263770330 287546289 X 7866429 18757075 -166601 X X 0 1 X 1 0 X 9517813 18829145 21373139 25608046 22651577 97979720 9517813 18829145 21373139 25608046 22651577 97979720 909700 97070020 6511937 5469582 5312228 5845583 7352115 30491445 1013399 210210 165722 158140 130341 1677812 3757 2469 12429 369330 39086 427071 130576048 10820980 0.74340 0.71710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 0 0 0 0 0 1 166753 166753 0 PART II-B, LINE 1: THE FOUNDATION PROVIDES FUNDING FOR GOVERNMENTAL RELATIONS AND LOBBYING EFFORTS ON BEHALF OF THE UNIVERSITY. THE GOVERNMENT RELATIONS INCLUDE CULTIVATING, MAINTAINING, AND ENHANCING THE LINK BETWEEN UCF AND THE VARIOUS PUBLICS IT SERVES AND TO CREATE AND IMPLEMENT COMMUNITY-BASED PROGRAMS. THIS IS TO INCREASE KNOWLEDGE AND UNDERSTANDING OF THE UNIVERSITY WITHIN KEY EXTERNAL COMMUNITIES. X 1 0.25 1 0 1.00 0 135494628 2550623 23691905 749717 2812345 3560232 154614862 122629469 2339881 15093797 359349 1010983 3198187 135494628 127134563 1684967 -1449380 467687 1314973 2958021 122629469 102788477 4725682 23420200 173029 967696 2659071 127134563 92261535 2017999 11461317 72140 614850 2265383 102788478 0.01230 0.98770 0.00000 0 0 53640384 53640384 34220899 13121328 21099571 9165343 5836012 3329331 648702 639964 8738 1163980 739428 424552 78502576 COMPENSATED ABSENCES 355901 TENANT SECURITY & KEY DEPOSIT 30878 ANNUITY PAYMENT LIABILITY 503494 890273 61646971 18757075 6605708 25362783 36284188 263648 263648 36547836 35023466 6605708 6605708 28417758 263648 263648 28681406 PART II, LINE 9: THE FOUNDATION HAS ONE CONSERVATION EASEMENT (50 FOOT CONSERVATION EASEMENT FOR DRAINAGE ALONG THE EASTERLY BOUNDARY OF THE PROPERTY), WHICH WAS INCLUDED IN THE VALUE OF THE LAND ON THE FOUNDATION'S BALANCE SHEET. PART V, LINE 4: THE FOUNDATION AUTHORIZES SPENDING FROM ITS ENDOWMENT TO SUPPORT THE UNIVERSITY'S STUDENT SCHOLARSHIPS, ACADEMIC CHAIRS, PROFESSORSHIPS, AND ACADEMIC PROGRAMS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSES NETTED AGAINST RENTAL REVENUE 6,516,215. FUNDRAISING EVENT EXPENSES NETTED AGAINST FUNDRAISING EVENT REVENUE 81,007. MERCHANDISE SALES EXPENSE NETTED AGAINST MERCHANDISE SALES REVENUE 8,486. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED AGAINST INVESTMENT REVENUE 263,648. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSES NETTED AGAINST RENTAL REVENUE 6,516,215. FUNDRAISING EVENT EXPENSES NETTED AGAINST FUNDRAISING EVENT REVENUE 81,007. MERCHANDISE SALES EXPENSE NETTED AGAINST MERCHANDISE SALES REVENUE 8,486. CENTRAL AMERICA AND THE CARIBBEAN PROGRAM SERVICES UCF PROGRAM SERVICE 19000 MIDDLE EAST AND NORTH AFRICA FUNDRAISING UCF PROGRAM SERVICE 4874 0 0 0 0 0 0 23874 0 23874 0 0 0 0 0 1 X X X X X X X 1 RUFFALO CODY PO BOX 718 DES MOINES IA 50303 CALL CENTER 0 220362 167926 0 BENTZ WHALEY FLESSNER & ASSOCIATES 7251 OHMS LANE MINNEAPOLIS MN 55439 CONSULTANTS 0 0 120875 0 THE FREMONT GROUP 2580 SE 5TH STREET POMPANO BEACH FL 33062 CONSULTANTS 0 0 24000 0 MESSAGE MATTERS INC 38 LAUREL STREET FAIRHAVEN MA 02719 WRITING SERVICE 0 0 8646 0 SUSAN SHULLAW & ASSOCIATES PO BOX 2328 IOWA CITY IA 52240 CONSULTANTS 0 0 16905 0 220362 338352 AL AK AR CA CO CT FL GA HI IL KS KY ME MD MA MI MN MS MO NH NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI NJ MEN & WOMEN'S GOLF FUNDRAISER 116183 61202 54981 FOOTBALL KICKOFF LUNCHEON 50653 26752 23901 11 172028 78073 93955 3531 236 67505 10520 338864 166027 172837 3531 236 67505 10520 81792 91045 SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE FOUNDATION USED THE FOLLOWING FUNDRAISERS FOR THE CURRENT TAX YEAR: FOR BENTZ WHALEY FLESSNER AND ASSOCIATES, SUSAN SHULLAW & ASSOCIATES, AND THE FREMONT GROUP, THERE WILL BE NO GROSS RECEIPTS GENERATED FROM THESE VENDORS SINCE THE VENDORS ARE PROVIDING RESEARCH SUPPORT AND/OR CONSULTING SERVICES TO THE FOUNDATION'S DEVELOPMENT OFFICE REGARDING SOLICITATION STRATEGIES. IN ADDITION TO PROFESSIONAL FEE EXPENSES PAID TO BENTZ WHALEY FLESSNER AND ASSOCIATES AND RUFFALO CODY, THE FOUNDATION REIMBURSED THE COMPANIES $12,799 AND $2,845 RESPECTIVELY. THIS WAS FOR BUSINESS TRAVEL AND INCIDENTAL EXPENSES IN ACCORDANCE WITH THE CONTRACTS. PART II - DIRECT EXPENSES EVENT #1 AND EVENT #2 THE TOP TWO FUNDRASING EVENTS WERE HELD BY UCF ATHLETICS ASSOCIATION AND THE EXPENSES RELATED TO THESE EVENTS WERE INCURRED BY UCF ATHLETICS ASSOCIATION DIRECTLY AND HENCE NONE WERE REPORTED BY UCFF. 0 UNIVERSITY OF CENTRAL FLORIDA 4000 CENTRAL FLORIDA BLVD ORLANDO FL 32816 592924021 501(C)(3) 8263753 FUNDING FOR PROGRAMS & SCHOLARSHIPS UCF GOLDEN KNIGHTS CORPORATION INC PO BOX 163555 ORLANDO FL 32826 203794571 501(C)(3) 1477008 ATHLETIC STADIUM SUPPORT UCF CONVOCATION CORPORATION INC 4000 CENTRAL FLORIDA BLVD ORLANDO FL 32816 161733312 501(C)(3) 483570 CONVOCATION CENTER SUPPORT UCF ATHLETIC ASSOCIATION INC PO BOX 163555 ORLANDO FL 32826 592334448 501(C)(3) 2484172 ATHLETIC SCHOLARSHIP & PROGRAM SUPPORT UNIVERSITY CENTRAL FLORIDA RESEARCH FOUNDATION 12201 RESEARCH PARKWAY ORLANDO FL 32826 593086453 501(C)(3) 51116 RESEARCH ACTIVITY SUPPORT 5 BOOKS FOR STUDENTS 2300 15939 PURCHASE PRICE BOOKS FOR STUDENTS TRAVEL & REGISTRATION PAYMENTS FOR VARIOUS STUDENTS 269 63694 PURCHASE PRICE TRAVEL/REGISTRATION TICKETS, CLOTHES, MEALS AND MISC FOR STUDENTS 370 11295 PURCHASE PRICE TICKETS/CLOTHES/MEAL OTHERS 9 9000 CASH AWARD PART I, LINE 2: DESCRIPTION OF ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANTS: THE FOUNDATION MAINTAINS THE APPROVED EXPENDITURE REQUEST WHICH SUBSTANTIATE THE GRANT AMOUNTS PROVIDED TO THE RECIPIENTS. THE FOUNDATION MAINTAINS DONOR INFORMATION, RELATED CONTRIBUTION DOCUMENTATION, AND ANY DONOR RESTRICTIONS OUTLINED BY THE DONOR INCLUDING SCHOLARSHIP CRITERIA. THE GRANTS ARE MADE TO THE UNIVERSITY OR UNIVERSITY AFFILIATED ENTITIES AND THE FOUNDATION RELIES ON THE POLICIES, PROCEDURES, AND CONTROLS ESTABLISHED BY THESE ENTITITES FOR EXPENDITURE TRACKING AND PROPER ADMINISTRATION OF THE GRANTS FOR SCHOLARSHIP AWARDS. X X X 1 1 X 0 0 0 0 0 0 0 0 0 ROBERT J HOLMES JR CHIEF EXECUTIVE OFFICER 245393 0 17685 0 7172 0 16200 0 34040 0 320490 0 0 0 BEN MCMAHAN CHIEF OPERATING OFFICER 178209 0 0 0 0 0 11663 0 27775 0 217647 0 0 0 AJ BERT FRANCIS II CHIEF FINANCIAL OFFICER 151417 0 0 0 0 0 3830 0 12170 0 167417 0 0 0 JOYCE HENCKLER CHIEF DEVELOPMENT OFFICER 185769 0 0 0 8160 0 12143 0 28444 0 234516 0 0 0 THOMAS MESSINA ASSOC VP ALUMNI RELATIONS 143666 0 0 0 8160 0 9518 0 25602 0 186946 0 0 0 ANNE BOTTERI ASST VP COMM/MARKETING 139232 0 0 0 0 0 9079 0 16091 0 164402 0 0 0 JEFF ULMER ASSISTANT VP DEVELOPMENT 127917 0 0 0 7714 0 8389 0 18318 0 162338 0 0 0 RANDY MCKEY SENIOR DIRECTOR OF DEVELOP 114338 0 0 0 5625 0 7688 0 25521 0 153172 0 0 0 KARA FLEHARTY SCHULTZ ASSISTANT VP DEVELOPMENT 106493 0 0 0 8303 0 7816 0 32644 0 155256 0 0 0 PART I, LINE 1A SUPPLEMENTAL COMPENSATION INFORMATION - 1. FIRST-CLASS OR CHARTER TRAVEL - FIRST CLASS TRAVEL PROVIDED TO THE PRESIDENT OF THE UNIVERSITY FOR HEALTH REASONS AND TO ACCOMODATE PREPARATION FOR MEETINGS. CHARTER FLIGHTS ARE PROVIDED FOR THE PRESIDENT AND OTHER EXECUTIVE LEADERSHIP TO TRAVEL TOGETHER AND SUFFICIENTLY PREPARE EN ROUTE TO MEETINGS. 2. TAX INDEMNIFICATION AND GROSS UP PAYMENTS - FOR VARIOUS UNIVERSITY EMPLOYEES, THE FOUNDATION MADE SUPPLEMENT PAYMENTS WHICH INCLUDED GROSSED-UP AMOUNTS FOR TAX PURPOSES. THE TOTAL GROSSED-UP AMOUNTS WERE INCLUDED IN THE EMPLOYEES' REPORTABLE TAXABLE COMPENSATION. 3. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES - THE FOUNDATION PROVIDES CERTAIN SOCIAL CLUB MEMBERSHIPS FOR FUNDRAISING, DONOR CULTIVATION, OR OTHER BUSINESS PURPOSES. THE PERSONAL PORTION OF THE MEMBERSHIPS IS INCLUDED IN THE INDIVIDUALS' TAXABLE COMPENSATION. PART I, LINE 7 THE UNIVERSITY PAYS CERTAIN EXECUTIVES BONUSES DETERMINED BASED ON PERFORMANCE GOALS RELATED TO QUALITY OF EDUCATION, INSTITUTIONAL GROWTH AND FUNDRAISING. SCHEDULE J, PART II 1.) ALL THE EMPLOYEES LISTED IN SCHEDULE J ARE EMPLOYEES OF THE UNIVERSITY OF CENTRAL FLORIDA WHICH HAS BEEN DETERMINED TO BE AN UNRELATED ORGANIZATION FOR PURPOSES OF 990 REPORTING. 2.) DURING THE FISCAL YEAR, THE FOUNDATION PAID $477,359 TO THE UNIVERSITY RELATED TO COMPENSATION FOR DR. JOHN HITT, UCF PRESIDENT. IN ADDITION, THE FOUNDATION PAID FOR OTHER BENEFITS SUCH AS MEMBERSHIPS AND AN AUTOMOBILE LEASE WHICH WERE REPORTED TO UCF PAYROLL. A UNIVERSITY OF CENTRAL FLORIDA FOUNDATION INC 596211832 NONEAVAIL 2008-12-30 10400000 REFUND PRIOR ISSUE 2008 0 0 0 B UNIVERSITY OF CENTRAL FLORIDA FOUNDATION INC 596211832 NONEAVAIL 2009-12-17 12540000 REFUND PRIOR ISSUE 2009 0 0 0 A 1640000 10400000 2008 1 0 1 1 B 12433674 106326 2009 1 0 1 1 A 0 1 0 1 1 0.00940 0.00940 0 0 0 B 0 1 0 1 1 0.02610 0.02610 0 0 0 A 0 0 0 1 0 0 0 0 0 B 0 0 0 1 0 0 0 0 0 A 0 B 0 FORM 990, SCHEDULE K, PART II ON DECEMBER 17, 2009, THE FOUNDATION ENTERED INTO A $12,540,000 TAX-EXEMPT NOTE AND A $7,385,000 TAXABLE NOTE RELATED TO THREE PROPERTIES. THE FOUNDATION IS MAKING PRINCIPAL PAYMENTS ON THE TAXABLE NOTE FIRST; THEREFORE, AS REFLECTED IN SCHEDULE K, THERE HAS BEEN NO PRINCIPAL PAYMENTS MADE TOWARD THE TAX-EXEMPT NOTE. FORM 990, SCHEDULE K, PART IV, LINE 2C THE REBATE COMPUTATION WAS LAST PERFOMED ON 12/29/10. DR JOHN HITT EX-OFF DIR OF UCFF 480264 SUNTRUST ORLANDO 0 LARRY TOBIN DIRECTOR OF UCFF 180034 LOAN PYMT TO FAIRWINDS 0 PART IV DR HITT IS A DIRECTOR OF SUNTRUST, CENTRAL FLORIDA. THE UCF FOUNDATION PREVIOUSLY OBTAINED SEVERAL REAL ESTATE LOANS FROM SUNTRUST BANKS AND MADE PRINCIPAL AND INTEREST PAYMENTS DURING THE CURRENT YEAR TO SUNTRUST BANKS FOR THESE LOANS. IN ADDITION, THE UCF FOUNDATION HAS MADE PAYMENTS TO SUNTRUST BANKS FOR CUSTODIAL SERVICES RELATED TO THE FOUNDATION'S INVESTMENTS. PART IV MR TOBIN IS PRESIDENT AND CEO OF FAIRWINDS CREDIT UNION. THE FOUNDATION OBTAINED A LINE OF CREDIT FROM FAIRWINDS CREDIT UNION IN 2004. A COMPETITIVE REQUEST FOR PROPOSALS WAS ISSUED TO BANK AND CREDIT INSTITUTIONS FOR THE CONSTRUCTION OF THE ALUMNI CENTER, WITH FAIRWINDS PROVIDING THE MOST FAVORABLE TERMS. SUBSEQUENT TO THIS TRANSACTION, DURING 2009, MR TOBIN BECAME A MEMBER OF THE FOUNDATION'S BOARD OF DIRECTORS. THE TRANSACTION AMOUNT RELATES TO PAYMENTS OF PRINCIPAL AND INTEREST RELATED TO THE BANK LOAN ORIGINALLY OBTAINED FOR THE CONSTRUCTION. X 5 0 X 0 X 0 X 20 234449 FMV WHEN RECEIVED X 21 0 X EQUIPMENT 19 0 X SUPPLIES 17 0 X MISCELLANEOUS 22 0 4 0 1 1 PART I, LINE 32B: USE OF THIRD PARTY TO SELL NONCASH CONTRIBUTIONS. THE FOUNDATION INSTRUCTS SUNTRUST, AS CUSTODIAN OF ITS INVESTMENTS, TO SELL ANY STOCK GIFTS RECEIVED BY THE FOUNDATION. STOCKS ARE VALUED AT THE AVERAGE OF THE HIGH AND LOW MARKET PRICE ON THE DAY OF RECEIPT. PART I, TYPES OF PROPERTY LINE 1 ART - THE FOUNDATION RECEIVED SEVERAL DONOR GIFT IN KIND CONTRIBUTIONS DURING THE YEAR INCLUDING SEVERAL PIECES OF ART WORK. THESE GIFTS IN KIND PASSED THROUGH THE FOUNDATION TO THE UNIVERSITY AND ARE NOT INCLUDED IN THE FOUNDATION'S REVENUE BECAUSE THE FOUNDATION ONLY SERVES AS AN AGENT FOR THE UNIVERSITY. FORM 990, PART V, LINE 2A NUMBERS OF EMPLOYEES REPORTED ON FORM W3: ALL EMPLOYEES ARE UNIVESRITY OF CENTRAL FLORIDA EMPLOYEES; THEREFORE, THE UNIVERSITY OF CENTRAL FLORIDA ADMINISTERS THE EMPLOYEE COMPENSATION AND HUMAN RESOURCE PROCESS. FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING BOARD OF DIRECTORS HAVE BUSINESS RELATIONSHIPS: RICHARD WALSH HAS A BUSINESS RELATIONSHIP WITH RITA ADLER AND RITA LOWNDES. BEN MCMAHAN HAS A BUSINESS RELATIONSHIP WITH JAMES W. FERRELL. FORM 990, PART VI, SECTION B, LINE 11 THE FOLLOWING IS THE REVIEW AND DISTRIBUTION PROCESS FOR THE FOUNDATION'S ANNUAL FORM 990. THIS PROCESS SHALL BE FOLLOWED EACH YEAR PRIOR TO FILING THESE DOCUMENTS WITH THE IRS. 1. THE CFO AND CEO SHALL REVIEW BOTH THE FORM 990 AND THE FORM 990-T AND RESOLVE ANY OUTSTANDING ISSUES OR QUESTIONS WITH THE INDEPENDENT ACCOUNTING FIRM REVIEWING OR PREPARING THE FORMS BEFORE DISTRIBUTION TO THE AUDIT COMMITTEE OR THE BOARD. IT IS THE CFO'S AND CEO'S RESPONSIBILITY TO CONFIRM THAT THESE FORMS DO NOT CONTAIN ANY UNTRUE STATEMENTS OR OMIT ANY MATERIAL FACTS AS WELL AS ENSURE THE FINANCIAL INFORMATION FAIRLY REPRESENTS THE FOUNDATION'S FINANCIAL CONDITION FOR THE PERIOD BEING REPORTED. 2. THE AUDIT COMMITTEE SHALL REVIEW THE DRAFT FORM 990 PRIOR TO FILING WITH THE IRS AND SHALL DOCUMENT THEIR DISCUSSION AND REVIEW OF THE DOCUMENTS IN THE COMMITTEE MEETING MINUTES. FINAL REVIEW OF THE FORM 990 IS SPECIFICALLY DELEGATED TO THE AUDIT COMMITTEE AND NO FURTHER REVIEW SHALL BE REQUIRED BEFORE SUCH FORMS ARE FILED WITH THE IRS. 3. THE DRAFT FORM 990 SHALL BE PROVIDED TO EACH VOTING BOARD MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. DISTRIBUTION MAY BE IN THE FORM OF ELECTRONIC MAIL, NOTIFICATION LINK TO AN ELECTRONIC WEBSITE, OR ACTUAL MAILING OF THE DOCUMENT. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS, OFFICERS, COMMITTEE MEMBERS AND KEY EMPLOYEES SHALL BE REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE FORM. THIS ANNUAL DISCLOSURE FORM WILL REQUEST SPECIFIC INFORMATION REGARDING THE TERMS OF ANY CONTRACT OR TRANSACTION WITH THE FOUNDATION AND WHETHER PROCESS FOR APPROVAL SET FORTH IN THIS POLICY WAS USED. AN INTERESTED PERSON WHO HAS OR LEARNS ABOUT A POTENTIAL CONFLICT SHOULD DISCLOSE PROMPTLY TO THE CHAIR OF THE BOARD DUE DILIGENCE COMMITTEE AND THE FOUNDATION'S CFO THE MATERIAL FACTS SURROUNDING ANY POTENTIAL CONFLICT OF INTEREST, INCLUDING SPECIFIC INFORMATION CONCERNING THE TERMS OF ANY CONTRACT OR TRANSACTION WITH THE FOUNDATION. ALL EFFORTS SHOULD BE MADE TO DISCLOSE ANY SUCH CONTRACT OR TRANSACTION AND HAVE IT APPROVED BY THE COMMITTEE BEFORE THE ARRANGEMENT IS ENTERED INTO. FOLLOWING RECEIPT OF INFORMATION CONCERNING A CONTRACT OR TRANSACTION INVOLVING A POTENTIAL CONFLICT OF INTEREST, THE BOARD DUE DILIGENCE COMMITTEE SHALL CONSIDER THE MATERIAL FACTS CONCERNING THE PROPOSED CONTRACT OR TRANSACTION, INCLUDING THE PROCESS BY WHICH THE DECISION WAS MADE TO RECOMMEND ENTERING INTO THE ARRANGEMENT ON THE TERMS PROPOSED. THE COMMITTEE SHALL APPROVE ONLY THOSE CONTRACTS OR TRANSACTIONS IN WHICH THE TERMS ARE FAIR AND REASONABLE TO THE FOUNDATION AND THE ARRANGEMENT IS CONSISTENT WITH THE BEST INTEREST OF THE FOUNDATION. FAIRNESS INCLUDES, BUT IS NOT LIMITED TO, THE CONCEPTS THAT THE FOUNDATION SHOULD PAY NO MORE THAN FAIR MARKET VALUE FOR ANY GOODS OR SERVICES WHICH THE FOUNDATION RECEIVES AND THAT THE FOUNDATION SHOULD RECEIVE FAIR MARKET VALUE CONSIDERATION FOR ANY GOODS OR SERVICES THAT IT FURNISHES OTHERS. WHEN AN INTERESTED PERSON BECOMES AWARE OF A PROPOSED CONFLICT OF INTEREST TRANSACTION, HE OR SHE WILL HAVE A DUTY TO TAKE THE FOLLOWING ACTIONS: (A) IMMEDIATELY DISCLOSE THE EXISTENCE AND CIRCUMSTANCES OF SUCH CONFLICT OF INTEREST TRANSACTION TO THE CHAIR OF THE DUE DILIGENCE COMMITTEE AND TO THE FOUNDATION'S CFO; (B) REFRAIN FROM USING HIS OR HER PERSONAL INFLUENCE TO ENCOURAGE THE FOUNDATION TO ENTER INTO THE CONFLICT OF INTEREST TRANSACTION; (C) AND PHYSICALLY RECUSE THEMSELVES FROM PARTICIPATION IN ANY DISCUSSIONS REGARDING THE CONFLICT OF INTEREST TRANSACTION WITH OFFICIALS OF THE FOUNDATION, AT MEETINGS OF THE BOARD OF DIRECTORS, AND WITH OTHER MEMBERS OF THE FOUNDATION COMMUNITY, EXCEPT TO RESPOND TO REQUESTS FOR INFORMATION ABOUT THE CONFLICT OF INTEREST TRANSACTION. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE OR SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF THE VOTE ON THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY HUMAN RESOURCES DEPARTMENT REVIEWS COMPARABLE SALARY DATA. MARKET DATA FROM SALARY SURVEY SOURCES IS USED TO ASSIGN AN ACCURATE VALUE TO THE POSITION IN THE EXTERNAL LABOR MARKET. SURVEY MATCHES ARE BASED ON THE PRIMARY DUTIES OF THE POSITION. THE SURVEY DATA PROVIDES SALARY AND DEMOGRAPHIC DATA FOR SELECTED POSITIONS NATIONWIDE AND IS REPORTED IN A STATISTICAL FORMAT INDICATING THE AVERAGE AND MEDIAN SALARIES AND ADDITIONAL PERCENTILES (I.E. 25TH, 75TH). THE UNIVERSITY HR DEPARTMENT REVIEWS COMPARABLE SURVEY DATA WHEN AN EMPLOYEE IS HIRED OR PROMOTED. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, 990 TAX DOCUMENTS, AND FINANCIAL STATEMENTS ARE PUBLISHED ON THE FOUNDATION'S WEBSITE, THE POLICY IQ SOFTWARE, OR ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN IRC SECTION 6104(D). FORM 990, PART XI, LINE 9: ADJUSTMENT TO WRITE OFF DEBT ISSUANCE COSTS -166,601. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE TO EITHER THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. FORM 990, PART XI, LINE 10 - OTHER CHANGE IN NET ASSETS THE JULY 1, 2013 BEGINNING NET POSITION OF UNRESTRICTED NET POSITION WAS RESTATED DUE TO THE IMPLEMENTATION OF GASB STATEMENT 65 AS FOLLOWS: UNRESTRICTED NET POSITION: NET POSITION, JUNE 30, 2013 $ 14,725,431 ADJUSTMENT TO WRITE-OFF DEBT ISSUANCE COSTS (166,601) ------------- NET POSITION AS RESTATED, JUNE 30, 2013 $ 14,558,830 ============= IN ADDITION, THE IMPLEMENTATION OF THIS STATEMENT RESULTED IN A CHANGE IN PRESENTATION OF THE DEFERRED LOSS ON REFUNDING FROM A CONTRA AMOUNT INCLUDED AS A REDUCTION OF THE NOTES PAYABLE TO A DEFERRED OUTFLOW OF RESOURCES. UNIVERSITY OF CENTRAL FLORIDA REAL ESTATE FOUNDATION LLC 12424 RESEARCH PRKY STE 140 ORLANDO FL 32826 596211832 REAL ESTATE FL 34702203 N/A KNIGHTS KROSSING STUDENT HOUSING LLC 12424 RESEARCH PRKY STE 140 ORLANDO FL 32826 596211832 REAL ESTATE FL 9733000 N/A