2014-02-11T08:58:37-06:00 2013-06-30 591363792 KEEFE MCCULLOUGH & CO LLP CPA'S 6550 N FEDERAL HIGHWAY SUITE 410 FT LAUDERDALE FL 33308 990 2012-07-01 590917284 FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC FLOR 5612972891 777 GLADES ROAD ADM 295 BOCA RATON FL 33431 JOANNE DAVIS 5612972891 2014-02-01 1 JAMES R LARAWAY P00341086 9547710896 2012 2015-11-30 17:44:51Z JOANNE DAVIS 777 GLADES ROAD ADM 295 BOCA RATON FL 33431 71330171 0 X HTTP://FAUF.FAU.EDU X 1960 FL TO SUPPORT FLORIDA ATLANTIC UNIVERSITY. 32 32 0 37 9100 -17873 11252262 12417118 484542 739293 3135023 7782186 1218592 1236307 16090419 22174904 3307653 3738551 0 0 4526765 5054180 38329 23750 1552099 7951998 8773775 15824745 17590256 265674 4584648 224933257 238169415 17410958 12001072 207522299 226168343 X THE MISSION OF THE FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC. IS TO ENCOURAGE, PROMOTE, AND PROVIDE FUNDS AND OTHER RESOURCES FOR THE BENEFIT OF FLORIDA ATLANTIC UNIVERSITY (A PART OF THE FLORIDA STATE UNIVERSITY SYSTEM) IN FURTHERANCE OF ITS MISIONS AND PURPOSES AND TO SECURE THE APPLICATION OF THESE FUNDS IN THE BEST MANNER ADAPTED TO THE CONDITIONS OF TIME AND TO THE NEEDS OF FAU. 0 0 3738551 3738551 PROVIDED OVER 1,092 STUDENTS WITH SCHOLARSHIPS FROM DONATED GIFTS. 3486035 PROVIDE SUPPORT FOR THE SALARIES OF THE UNIVERSITY'S EMINENT SCHOLARS, PROFESSORS, AND OTHER FACULTY AND STAFF. 7528064 739451 PROVIDE GENERAL SUPPORT TO THE FLORIDA ATLANTIC UNIVERSITY IN THE FORM OF PAYMENTS SUCH AS BUT NOT LIMITED TO GUEST LECTURERS, OPERATIONAL AND CONFERENCE EXPENSES, TRAVEL, CONSULTING, AND EVENTS. 14752650 1 1 0 1 0 0 1 1 0 1 1 1 0 1 1 0 1 1 0 0 1 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 X 136 0 1 0 1 1 1 TU CJ VI BD EI 0 0 1 0 1 1 0 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X X SHARON BROWN 5612972891 777 GLADES ROAD BOCA RATON FL 33431 BRUCE H ALLEN 2.00 X X 0 0 0 BRETT GREENBERG 0.50 X X 0 0 0 PATRICIA MCKAY 1.00 X X 0 0 0 JAY WEINBERG 0.50 X X 0 0 0 DANIEL CANE 0.50 X 0 0 0 ANDREW CLARK PHD 0.50 X 0 0 0 STEPHEN CONSTANTINE 0.50 X 0 0 0 HOWARD R COOPER 0.50 X 0 0 0 JOHN DUFFY 0.50 X 0 0 0 CHRISTOPHER FLUEHR 0.50 X 0 0 0 IRA J GELB MD 0.50 X 0 0 0 KATHLEEN GRACE 0.50 X 0 0 0 DALE GREGORY 0.50 X 0 0 0 J RANDY JUSTICE 1.00 X 0 0 0 BONNIE KAYE 0.50 X 0 0 0 GARY LESSER 0.50 X 0 0 0 PETER LOBELLO 0.50 X 0 0 0 LEWIS LONG 0.50 X 0 0 0 STEWART MARTIN 0.50 X 0 0 0 ALLEN MCGEE 0.50 X 0 0 0 RAYMOND MONTELEONE 0.50 X 0 0 0 MARY BETH MCDONALD 0.50 X 0 0 0 WILLIAM MORRIS 0.50 X 0 0 0 NEALE J POLLER 0.50 X 0 0 0 ROBERT ROLLINS 0.50 X 0 0 0 CHARLES E RUTHERFORD 0.50 X 0 0 0 EDWARD SABIN 0.50 X 0 0 0 NEIL SCHILLER 0.50 X 0 0 0 PHILLIP SMITH 0.50 X 0 0 0 MARILYN WEINBERG 0.50 X 0 0 0 CHRISTOPHER WHEELER 0.50 X 0 0 0 RHYS L WILLIAMS 0.50 X 0 0 0 PEDRO AMIRATO 0.50 X 0 0 0 ALENE BREWER 0.50 X 0 0 0 JORGE CABRERA 0.50 X 0 0 0 JEFFREY FEINGOLD 0.50 X 0 0 0 LOUIS SANDLER 0.50 X 0 0 0 JENNIFER O'FLANNERY ANDERSONPHD 40.00 X 0 275255 20283 SHARON BROWN 40.00 X 0 105791 18343 LAURIE CARNEY 40.00 X 0 117276 18837 DENNIS CRUDELE 0.50 X 0 231002 24356 JOANNE DAVIS 40.00 X X 0 45075 4174 KEITH FRIES 40.00 X 0 116169 20837 RONALD NYHAN PHD 0.50 X 0 100774 19136 DIANNE REEVES 40.00 X 0 108670 7432 MJ SAUNDERS 0.50 X 0 386597 28202 HOWARD SCHNELLENBERGER 40.00 X 0 367962 19826 0 1854571 181426 0 1 1 0 CHARTWELLS 777 GLADES ROAD BOCA RATON FL 33431 CATERING SERVICES 438992 MERCER INVESTMENT CONSULTANTS 1166 AVENUE OF THE AMERICAS NEW YORK NY 100362705 CONSULTING - INVESTMENT 198583 2 9505 212439 1112375 254593 10828206 1550194 12417118 COMMUNITY PROGRAMS 900099 326517 326517 SPONSORSHIP REVENUE 900099 188059 188059 OTHER PROGRAM SERVICE 900099 114711 114711 ACADEMIC PROGRAMS 900099 110006 110006 739293 3115392 3115392 152850 152850 1139011 0 1139011 1139011 1139011 52066891 1074089 47194185 1280001 4872706 -205912 4666794 4666794 515258 1112375 654107 -138849 -138849 101011 26974 74037 74037 ADVERTISING REVENUE 900099 9100 9100 OTHER INCOME 900099 158 158 9258 22174904 739451 9100 9009235 3738551 3738551 599780 192930 140311 266539 3633756 2802386 244928 586442 214880 115689 25263 73928 387562 251165 63183 73214 218202 123865 29275 65062 11895 9085 2810 55375 55375 70846 70846 23750 23750 461368 272443 188925 652194 590860 16409 44925 94949 85834 638 8477 1078109 724856 136045 217208 187497 87216 37985 62296 31501 31501 49586 45651 3935 497439 460613 15723 21103 161589 149439 6170 5980 385077 385077 3038658 3038658 4816 756 4060 64800 24354 36676 3770 INCOME TAX 2911 2911 ENTERTAINMENT 436918 347751 9864 79303 WRITE OFF OF PLEDGE REC 414242 414242 EQUIPMENT 362687 361592 775 320 711318 427290 264246 19782 17590256 14752650 1285507 1552099 608865 607020 3615796 18799460 4931283 4704702 4676639 193318 5768137 4483321 126738675 125345905 66087984 67258967 3077882 4021551 14104635 12948489 224933257 238169415 1987457 1499356 15423501 10501716 17410958 12001072 X 6140818 8036251 59865604 73156471 141515877 144975621 207522299 226168343 224933257 238169415 X 4584648 14034529 26867 X 0 1 X 1 0 X 10986065 8713877 10041791 8745191 9804374 48291298 2056016 1855063 2247046 2512394 2356124 11026643 13042081 10568940 12288837 11257585 12160498 59317941 1303020 58014921 4717265 3749620 4205543 4274218 4407253 21353899 118997 347141 75666 78165 9258 629227 81301067 3555913 0.71360 0.72570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 70846 70846 18200491 18271337 1000000 250000 0 0 958455 755849 968076 1000000 3682380 5523570 43103 29133 5580 70846 148662 239614 188962 242019 250000 920595 1380893 X 1 5.00 1 0 X X 0 172230860 4892046 19793034 4995882 36953 2596503 189286602 179738536 907937 99341 2058743 3958929 2497282 172230860 156417348 3261626 28172216 5673666 2438988 179738536 142227630 2409111 14706954 212146 1121692 1592509 156417348 182792983 1605315 -34819309 5360782 1990577 142227630 0.02860 0.76380 0.20760 0 0 4439639 4439639 237000 193318 43682 4483321 DIVERSIFIED PORTFOLIOS 67258967 F 67258967 ART COLLECTIONS 4505351 NET INVESTMENTS IN DIRECT FINANCING-TYPE LEASE 8276630 OTHER ASSETS 166508 12948489 CERTIFICATES OF PARTICIPATION 9149000 ADVANCES PAYABLE 171951 REFUNDABLE ADVANCES & DEFERRED REVENUES 1180765 10501716 X 39036855 14034529 2445842 26867 16507238 22529617 326368 -681081 -354713 22174904 20390811 2445842 681081 3126923 17263888 326368 326368 17590256 DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: IN THE ORGANIZATION'S BALANCE SHEET AS LAND. PART III, LINE 4: THE FLORIDA ATLANTIC UNIVERSITY FOUNDATION'S COLLECTION OF ART IS SUBSTANTIALLY A COLLECTION OF OIL PAINTINGS DEPICTING THE FLORIDA LANDSCAPE, ESPECIALLY IN THE SOUTHERN REGION OF FLORIDA. THE FLORIDA ATLANTIC UNIVERSITY FOUNDATION ALSO HAS RUSSIAN PRINTS, BRONZE STATUES AND COLLECTIONS OF GLASS AND MODEL SHIPS. THEIR HISTORICAL TREASURES INCLUDE BOOKS AND ARTIFACTS FROM THE HOLOCAUST AND OTHER RARE BOOKS. ALL OF THE PIECES IN THE COLLECTION PROVIDE AN AESTHETIC VIRTUE TO THEIR WORK AND LEARNING ENVIRONMENT, WHILE ENCOURAGING AN INTEREST IN THE FINE ARTS AND ITS HISTORY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: MANAGEMENT AND THE BOARD HAVE EVALUATED UNRELATED BUSINESS INCOME TAX IMPLICATIONS AND BELIEVE THAT THE EFFECTS, IF ANY, ARE IMMATERIAL TO THE FOUNDATION'S FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: ACTUARIAL ADJUSTMENT 26,867. PART XI, LINE 4B - OTHER ADJUSTMENTS: EVENT EXPENSE -654,107. COST OF GOODS SOLD -26,974. PART XII, LINE 2D - OTHER ADJUSTMENTS: EVENT EXPENSES 654,107. COST OF GOODS SOLD 26,974. EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 SEMINARS, CONFERENCES AND RESEARCH. 35398 NORTH AMERICA - CANADA AND MEXICO, BUT 0 0 SEMINARS, CONFERENCES AND RESEARCH. 840 SOUTH AMERICA - ARGENTINA, BOLIVIA, 0 0 SEMINARS, CONFERENCES AND RESEARCH. 3489 EAST ASIA AND THE PACIFIC - 0 0 SEMINARS, CONFERENCES AND RESEARCH. 8383 CENTRAL AMERICA AND THE CARIBBEAN 0 0 SEMINARS, CONFERENCES AND RESEARCH. 9021 SUB-SAHARAN AFRICA 0 0 SEMINARS, CONFERENCES AND RESEARCH. 3205 MIDDLE EAST AND NORTH AFRICA 0 0 SEMINARS, CONFERENCES AND RESEARCH. 3682 0 0 0 0 0 0 64018 0 64018 0 0 1 1 1 0 X X 0 ROYALL & COMPANY 1920 EAST PARHAM ROAD RICHMOND VA 23228 DIRECT MAILING 0 83146 23750 59396 83146 23750 59396 AL AR CT FL GA HI IL KS MS MO NM NC PA RI TN VA WV AK CA CO KY ME MD MA MI MN NH NJ NY ND OH OK OR SC UT WA WI KEEP MEMORIES ALIVE 290024 287474 2550 11986 CE MAKE WAVES GALA 385542 251627 133915 41645 241377 17 952067 573274 378793 55400 11739 291960 1627633 1112375 515258 55400 53384 545323 654107 -138849 1 FLORIDA ATLANTIC UNIVERSITY 777 GLADES ROAD BOCA RATON FL 33431 650385507 3738551 STUDENT SCHOLARSHIPS PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE FOUNDATION SENDS FUNDS TO THE UNIVERSITY FOR STUDENT SCHOLARSHIPS. THE UNIVERSITY DETERMINES THE SCHOLARSHIP RECIPIENTS ACCORDING TO DONOR SCHOLARSHIP CRITERIA. ALL QUALIFYING CRITERIA ARE LISTED ON THE AWARD SHEET AND SENT TO THE FOUNDATION. THE FUNDS ARE SENT TO THE UNIVERSITY AFTER THE OFFICE OF STUDENT FINANCIAL AID VERIFIES THE STUDENT'S STATUS. THE FOUNDATION HAS ACCESS TO STUDENT SCHOLARSHIP REPORTS AND WILL REQUEST REFUNDS FOR ANY SCHOLARSHIP NOT AWARDED DUE TO A CHANGE IN THE STUDENT'S STATUS. X X X X 1 1 X X 0 0 0 1 0 0 0 0 0 JENNIFER O'FLANNERY ANDERSONPHD 0 250255 0 25000 0 0 0 13785 0 6498 0 295538 0 0 DENNIS CRUDELE 0 231002 0 0 0 0 0 11541 0 12815 0 255358 0 0 MJ SAUNDERS 0 346597 0 40000 0 0 0 13508 0 14694 0 414799 0 0 HOWARD SCHNELLENBERGER 0 367962 0 0 0 0 0 8075 0 11751 0 387788 0 0 PART I, LINE 1A THESE ITEMS ARE ALLOWED FOR THE UNIVERSITY PRESIDENT ONLY FOR BONA FIDE BUSINESS PURPOSES ONLY. X 1 90700 APPRAISAL X 1 4500 APPRAISAL X 8 1068958 AVERAGE HIGH LOW VALUE X 3 316000 FAIR MARKET VALUE X MUSICAL EQUIPMENT 3 14749 FAIR MARKET VALUE X EQUIPMENT 14 34559 FAIR MARKET VALUE X OTHER GIFTS 23 20728 FAIR MARKET VALUE 4 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE FLORIDA ATLANTIC UNIVERSITY FOUNDATION BOARD HAS DELEGATED THE RESPONSIBILITY TO REVIEW AND APPROVE THE FORM 990 TO THE FOUNDATION'S AUDIT COMMITTEE. THE DRAFT FORM 990 WILL BE REVIEWED BY THE COMMITTEE AS WELL AS THE DIRECTOR OF FINANCE, ASSISTANT DIRECTOR OF FINANCE AND THE EXECUTIVE DIRECTOR. THE FORM 990 WILL ALSO BE AVAILABLE FOR REVIEW TO ALL BOARD MEMBERS AND EACH BOARD MEMBER WILL BE ENCOURAGED TO GIVE THEIR INPUT DURING THE REVIEW PROCESS. AFTER THE REVIEW AND AFTER ALL QUESTIONS ARE SATISFACTORILY ANSWERED THE COMMITTEE WILL APPROVE THE SUBMISSION OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS ALL BOARD MEMBERS AND KEY PERSONNEL. THE BOARD AND KEY STAFF REVIEW THE POLICY AND REPORT CONFLICTS ANNUALLY. THE AUDIT COMMITTEE IS AWARE OF ALL REPORTED CONFLICTS. CONFLICTS ARE DETERMINED BY THE BOARD AND STAFF MEMBERS, AND CONFLICTS ARE DISCLOSED AT EACH COMMITTEE WHERE THE PROPOSED ACTION AND THE CONFLICT EXISTS. IF A BOARD MEMBER IS FOUND TO HAVE A CONFLICT THEY ARE ASKED TO DISCLOSE THE CONFLICT, RECUSE THEMSELVES FROM VOTE AND WHEN NECESSARY, LEAVE THE ROOM DURING THE VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S EXECUTIVE DIRECTOR FOR THE FOUNDATION ALSO HOLDS THE TITLE OF VP FOR COMMUNITY ENGAGEMENT FOR THE UNIVERSITY. ALTHOUGH THE FOUNDATION MEMBERS SIT ON THE COMMITTEE TO HIRE THIS PERSON, HE/SHE IS PAID BY THE UNIVERSITY. THEREFORE, A UNIVERSITY REPRESENTATIVE (USUALLY THE VP FOR FINANCE) WHO DETERMINES THE FAIR COMPENSATION BY POLLING PEER INSTITUTIONS IN THE STATE ON THE MARKET RATE FOR THIS POSITION. THIS MEASURE OBTAINS THE SAME RESULT AS COMPARING THESE INSTITUTION'S FORM 990. FORM 990, PART VI, SECTION C, LINE 19 THE FLORIDA ATLANTIC UNIVERSITY FOUNDATION MAKES THE FINIANCIAL STATEMENTS AVAILABLE ON THEIR WEBSITE. THEY WILL PROVIDE A COPY OF THE FINANCIAL STATEMENTS AND/OR FORM 990 TO ANY PERSON REQUESTING A COPY. THE REQUEST CAN COME IN WRITING OR THROUGH A VERBAL INQUIRY. BOTH ARE AVAILABLE FOR INSPECTION AT THE OFFICE LOCATED AT 777 GLADES ROAD, ADMIN 295, BOCA RATON, FL. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: ACTUARIAL ADJUSTMENT ON CGAS 26,867. DURING THE YEAR THE FOUNDATION COLLECTED DONATIONS AND PAID THE EXPENSES ON BEHALF OF THE FAU ALUMNI ASSOCIATION, INC., A RELATED NON-PROFIT ORGANIZATION. THE AMOUNT OF INCOME AND EXPENSES ARE INCLUDED ON THIS FORM 990 IN THE APPROPRIATE CATEGORIES AND DISCLOSED ON SCHEDULE R. FLORIDA ATLANTIC UNIVERSITY 777 GLADES ROAD BOCA RATON FL 33431 650385507 PUBLIC UNIVERSITY FL 0 FLORIDA ATLANTIC UNIVERSITY ALUMNI ASSOCIATION INC 777 GLADES ROAD BOCA RATON FL 33431 237015697 ALUMNI ASSOCIATION FL 0 0 1 0 1 0 0 0 0 1 1 0 1 0 1 1 1 0 1 1 FLORIDA ATLANTIC UNIVERSITY B 3038823 CORP BOOKS IN ACCORDANCE W/GAAS FLORIDA ATLANTIC UNIVERSITY D 388066 CORP BOOKS IN ACCORDANCE W/GAAS FLORIDA ATLANTIC UNIVERSITY I 2880 CORP BOOKS IN ACCORDANCE W/GAAS FLORIDA ATLANTIC UNIVERSITY J 15706 CORP BOOKS IN ACCORDANCE W/GAAS FLORIDA ATLANTIC UNIVERSITY M 0 CORP BOOKS IN ACCORDANCE W/GAAS FLORIDA ATLANTIC UNIVERSITY N 5054180 CORP BOOKS IN ACCORDANCE W/GAAS FLORIDA ATLANTIC UNIVERSITY P 4290222 CORP BOOKS IN ACCORDANCE W/GAAS FLORIDA ATLANTIC UNIVERSITY O 837931 CORP BOOKS IN ACCORDANCE W/GAAS FAU ALUMNI ASSOCIATION INC D 85000 BALANCE OF LOAN FAU ALUMNI ASSOCIATION INC R 278359 ACTUAL FAU ALUMNI ASSOCIATION INC S 281161 ACTUAL