2014-11-11T17:30:23-06:00 2014-06-30 453269313 YH ADVISORS INC 7755 CENTER AVENUE SUITE 1225 HUNTINGTON BEACH CA 92647 990 2013-07-01 646022505 UNIVERSITY OF SOUTHERN MS FOUNDATION UNIV 6012665210 118 COLLEGE DRIVE 5210 HATTIESBURG MS 39406 J SHANNON FLEMING EXECUTIVE DIRECTOR / SECRETARY 6012665210 2014-10-31 1 BRIAN YACKER P00401346 3109822806 2013 2015-11-30 17:44:51Z J SHANNON FLEMING 118 COLLEGE DRIVE 5210 HATTIESBURG MS 39406 42276528 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 0 133 0 0 8605333 16624681 0 0 11435945 3591055 150302 242682 20191580 20458418 8101251 10492452 0 0 37497 35502 194244 157209 507420 2389095 2354493 10722087 13039656 9469493 7418762 103013982 116836690 1804868 905705 101209114 115930985 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 10492452 10492452 PROVIDE SCHOLARSHIPS AND TRANSFERS TO SUPPORT THE UNIVERSITY OF SOUTHERN MISSISSIPPI 1230303 OTHER DESIGNATED ITEMS, COMMODITIES AND CONTRACTURAL SERVICES IN SUPPORT OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI 11722755 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 71 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 AR CA CO FL HI KY MA MD ME MI MN NH NJ NY OK RI UT OH X X STACE MERCIER 6012665210 118 COLLEGE DRIVE 5210 HATTIESBURG MS 39406 FRED H DREWS III IMMEDIATE PAST PRESIDENT 1.00 X 0 0 0 REX E KELLY PRESIDENT 1.00 X X 0 0 0 LOU ANN POYNTER VICE PRESIDENT 1.00 X X 0 0 0 SUSAN RILEY TREASURER AND FIN COMM CHR 1.00 X X 0 0 0 MICHAEL B HEWES POLICY AND BYLAWS CHAIR 1.00 X 0 0 0 W REED ALLISON JR INVESTMENT COMMITTEE CHAIR 1.00 X 0 0 0 D SHANE LOPER MEMBER-AT-LARGE 1.00 X 0 0 0 TODD 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 DAWN H BEAM BOARD MEMBER 1.00 X 0 0 0 MARVIN J BOBINGER III BOARD MEMBER 1.00 X 0 0 0 CHARLES J BROWN BOARD MEMBER 1.00 X 0 0 0 GARY W CARMICHAEL BOARD MEMBER 1.00 X 0 0 0 JAN COLLINS BOARD MEMBER 1.00 X 0 0 0 BEVERLY A DALE BOARD MEMBER 1.00 X 0 0 0 DAVID M ESTORGE BOARD MEMBER 1.00 X 0 0 0 BERNARD GREEN BOARD MEMBER 1.00 X 0 0 0 JULIE J GRESHAM BOARD MEMBER 1.00 X 0 0 0 SAMUEL L JONES BOARD MEMBER 1.00 X 0 0 0 DOROTHY R MCEWEN BOARD MEMBER 1.00 X 0 0 0 CHIP MCARTHUR BOARD MEMBER 1.00 X 0 0 0 BUTCH MCKENZIE BOARD MEMBER 1.00 X 0 0 0 MICHAEL R MCMULLAN 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 WILFORD A PAYNE III BOARD MEMBER 1.00 X 0 0 0 REBECCA PRITCHETT BOARD MEMBER 1.00 X 0 0 0 ADAM J SPICER BOARD MEMBER 1.00 X 0 0 0 MARY ANN R STEWART BOARD MEMBER 1.00 X 0 0 0 WILLIAM DONNIE TYNES 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. (BEGINNING JUNE 2013) 40.00 0.00 X 0 75777 14178 STACE MERCIER CHIEF FINANCIAL OFFICER 40.00 0.00 X 0 81750 12267 0 157527 26445 0 0 0 0 TELSCO INDUSTRIES INC 3301 W KINGSLEY RD GARLAND TX 75041 LANDSCAPING SERVICES 219264 RUFFALO CODY LLC PO BOX 3018 CEDAR RAPIDS IA 524063018 PHONE SOLICITATION 161370 BLACKBAUD INC PO BOX 930256 ATLANTA GA 311930256 SOFTWARE SERVICES 158372 JP MORGAN 201 ST CHARLES AVE NEW ORLEANS LA 70170 INVESTMENT MANAGEMENT 114731 SEI 1 FREEDOM VALLEY DR OAKS PA 19456 INVESTMENT MANAGEMENT 100206 5 16624681 2627635 16624681 1837795 1837795 23535811 35559 21770163 47947 1765648 -12388 1753260 1753260 CHANGE IN UNCOLL. PLEDGES 900099 164767 164767 MISCELLANEOUS INCOME 900099 41962 41962 QUID PRO QUO INCOME 900099 35953 35953 242682 20458418 0 0 3833737 10451493 10451493 40959 40959 35502 30702 4800 12000 12000 45000 45000 22353 22353 157209 157209 256993 256993 372108 285345 33889 52874 257958 135656 50792 71510 96666 35077 20154 41435 161567 1210 95721 64636 195458 138190 18376 38892 7875 7875 295601 204289 53397 37915 896 896 125821 125821 27504 27504 CAPITAL OUTLAY 313141 305247 5736 2158 MEALS AND ENTERTAINMENT 80773 54259 3094 23420 DUES AND SUBSCRIPTIONS 58451 29304 22640 6507 PROF. DEVELOPMENT 24031 11498 6766 5767 297 297 13039656 11722755 809481 507420 2552168 2932939 14068836 17255245 74295 99673 756002 521128 336801 234874 81872140 88826264 2293045 4484695 1816697 3003000 103013982 116836690 669070 562123 782113 353685 343582 1804868 905705 X 4735798 5128785 41477728 51563139 54995588 59239061 101209114 115930985 103013982 116836690 X 7418762 7238690 7574 56845 X X 0 1 X 1 0 X 11419850 4878567 20560148 8605333 16624681 62088579 11419850 4878567 20560148 8605333 16624681 62088579 14333439 47755140 1516625 1763252 1588779 1769691 1837795 8476142 178178 298318 392566 150302 242682 1262046 71826767 0.66490 0.69550 X FORM 990, SCHEDULE A, PART II, SECTION B, LINE 10, COLUMN E QUID PRO QUO INCOME - $35,953 CHANGE IN UNCOLLECTIBLE PLEDGES - $164,767 MISCELLANEOUS INCOME - $41,962 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 22353 22353 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. 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 45270806 1232898 3704959 556657 502365 49149641 0.02340 0.88360 0.09300 0 0 90000 90000 16071 6425 9646 649931 514703 135228 234874 GIFT ANNUITIES PAYABLE 343582 343582 X 29037151 7238690 1540191 56845 8835726 20201425 256993 256993 20458418 14315280 1532617 1532617 12782663 256993 256993 13039656 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, 2014 AND 2013, THERE WERE NO MATERIAL UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCREASE IN VALUE OF SPLIT INTEREST AGREEMENTS 56,845. X X X X 1 RUFFALO CODY LLC PO BOX 3018 CEDAR RAPIDS IA 524063018 PHONE SOLICITATION 0 167452 163436 4016 167452 163436 4016 AK AR CA CO CT FL HI KY MA MD ME MI MN MO ND NH NJ NY OH OK OR RI UT WA FORM 990, SCHEDULE G, PART 1, LINE 2B RUFFALO CODY 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) 9509968 868897 FMV SCULPTURES & IRRIGATION SYSTEM USM PROGRAMS THE UNIVERSITY OF SOUTHERN MISSISSIPPI ATHLETIC FOUNDATION 118 COLLEGE DRIVE 5017 HATTIESBURG MS 39406 640929171 501(C)(3) 51598 USM ATHLETICS THE UNIVERSITY OF SOUTHERN MISSISSIPPI ALUMNI ASSOCIATION 118 COLLEGE DRIVE 5013 HATTIESBURG MS 39406 640763097 501(C)(3) 19030 USM ALUMNI PROGRAMS 3 0 FELLOWSHIPS, AWARDS AND EMERGENCY RELIEF GRANTS 44 40959 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 2 411400 QUALIFIED APPRAISAL X 19 1620221 AVG STOCK PRICE X 1 420 FAIR MARKET VALUE X 1 3348 FAIR MARKET VALUE X SOFTWARE USER 1 232500 FAIR MARKET VALUE X IRRIGATION SY 1 202978 FAIR MARKET VALUE X NPV OF INTERE 1 150013 PV OF REMAINDER INTE X VARIOUS 10 6755 FAIR MARKET VALUE 0 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 XI, LINE 9: INCREASE IN VALUE OF SPLIT INTEREST AGREEMENTS 56,845. 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 YEAR. FOUNDATION AVIATION HOLDINGS LLC 118 COLLEGE DRIVE 5210 HATTIESBURG MS 39406 263637085 LEASING MS 40523 799384 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 81365 0.56540 0 HLG AND JBG CRUT PO BOX 10885 BIRMINGHAM AL 35202 646215863 INVESTMENTS MS N/A T 16735 0.80660 0 JEG CRAT 1581 AMERIPRISE FINANCIAL CENTER MINNEAPOLIS MN 55474 207371805 INVESTMENTS MS N/A T 343654 0.65200 0 LEH CRAT PO BOX 1231 HATTIESBURG MS 39403 726180760 INVESTMENTS MS N/A T 138309 0.84160 0 MI CRUT PO BOX 10885 BIRMINGHAM AL 35202 646214146 INVESTMENTS MS N/A T 4754 0.51670 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 10378865 CASH DISBURSED AND PROPERTY TRANS UNIVERSITY OF SOUTHERN MISSISSIPPI J 197141 DIRECT FINANCING LEASE UNIVERSITY OF SOUTHERN MISSISSIPPI N 121552 CONTRIB. UTILITIES & FACILITIES UNIVERSITY OF SOUTHERN MISSISSIPPI O 1386298 CASH DISBURSED