2014-04-21T15:11:45-05:00 2013-06-30 ERNST & YOUNG US LLP 621 EAST PRATT STREET BALTIMORE MD 21202 990 2012-07-01 596152180 FLORIDA STATE UNIVERSITY FOUNDATION INC % Laura F Hensley FLOR 8506446000 Innovation Park 2010 Levy Ave BUILDING B SUITE 300 Suite 300 Tallahassee FL 32306 THOMAS JENNINGS 2014-04-21 4105397940 2012 2015-11-30 17:44:51Z Thomas W Jennings President Innovation Park 2010 Levy Ave Tallahassee FL 32306 181311232 false X www.foundation.fsu.edu X 1960 FL THE FLORIDA STATE UNIVERSITY FOUNDATION ENHANCES THE ACADEMIC MISSION AND VISION OF THE FLORIDA STATE UNIVERSITY THROUGH ITS ORGANIZED FUNDRAISING ACTIVITIES AND FUND MANAGEMENT. 45 44 137 697 -80479 -102855 51095024 58060799 579691 653837 3185260 11413197 4706869 2288445 59566844 72416278 15972061 20692869 0 0 17362258 18657641 611925 593600 8963094 19300186 21108974 53246430 61053084 6320414 11363194 498250336 550932086 12641411 11410712 485608925 539521374 X The Florida State University Foundation enhances the academic mission AND VISION OF THE FLORIDA STATE UNIVERSITY THROUGH ITS ORGANIZED FUNDRAISING ACTIVITIES AND FUNDS MANAGEMENT. THE FSU FOUNDATION ACCOMPLISHES ITS MISSION BY FOSTERING RELATIONSHIPS WITH ALUMNI AND FRIENDS, ADVOCATING CHARITABLE GIVING AND RAISING FUNDS ON BEHALF OF FSU; SOLICITING CONTRIBUTIONS FOR ACADEMIC PURPOSE AS PART OF FSU'S OVERALL ADVANCEMENT EFFORT; INVESTING AND DISBURSING FUNDS TO MEET CURRENT AND FUTURE NEEDS OF FSU; AND STRENGTHENING RELATIONSHIPS WITH DONORS TO FSU. false false 45844060 20692869 3273238 The Florida State University Foundation expends funds for purposes THAT ENHANCE THE ACADEMIC MISSION OF THE FLORIDA STATE UNIVERSITY. ACADEMIC SUPPORT INCLUDES SALARIES, SCHOLARSHIPS & FELLOWSHIPS, RESEARCH, CAPITAL FUNDING, EQUIPMENT & SUPPLIES, TRAVEL AND OTHER RELATED EXPENSES. THIS SUPPORT HELPS THE UNIVERSITY'S OUTSTANDING FACULTY INSPIRE STUDENTS, FOSTER AND ENHANCE STRONG ACADEMIC PROGRAMS, AND SERVE AS A KEY ELEMENT TO INSTITUTIONAL GREATNESS. EMINENT SCHOLARS AND PROFESSORSHIPS ARE PRESTIGIOUS POSITIONS HELD BY THE UNIVERSITY'S MOST ACCOMPLISHED FACULTY. SPENDING TO SUPPORT THESE POSITIONS MEANS THAT ACADEMIC EXCELLENCE WILL BE MAINTAINED. CURRICULUM DEVELOPMENT, INTERNSHIPS, INTERDISCIPLINARY WORK, EXPERIENTIAL LEARNING AND ACADEMIC ENRICHMENT ALL REQUIRE PRIVATE SUPPORT. 45844060 true true false false false false false false false true true false false false true true true false false false true false false true true false false true true true false false false false false false false false true true false false false false false false false true X 290 0 true 137 true true true true BD CA HK CJ EI false false false true true false false false true false X 45 44 false false false false false false false true true false false true true true true true false true true false AK CA CO KY LA ME MD MA MI MN NH NJ NY ND OH OK OR SC UT WA WV WI X X Laura F Hensley 8506440749 Innovation Park 2010 Levy Ave Bl Tallahassee FL 323062739 X Ms Beth A Azor 1.0 0.0 X Dr Eric J Barron 1.0 0.0 X Mr Thomas Bartelmo 1.0 0.0 X Mr Gregory M Bennett 1.0 0.0 X The Honorable Allan G Bense 1.0 0.0 X Mrs Yvonne T Brown 1.0 0.0 X Mr John R Carnaghi 1.0 0.0 X X Mrs Barbara S Coen 1.0 0.0 X Mr Peter H Collins 1.0 0.0 X Mr Warren J Coville 1.0 0.0 X Mr Thomas M Culligan 1.0 0.0 X Mr John W Culver 1.0 0.0 X Mrs Julie Dunn Eichenberg 1.0 0.0 X X Mr Andrew F Feinberg 1.0 0.0 X mR Ralph R Gonzalez JD 1.0 0.0 X Ms Carla S Gopher 1.0 0.0 X Mrs Mart P Hill 1.0 0.0 X VADM R Gordon S Holder 1.0 0.0 X X Mr Paul G Hudson 1.0 0.0 X MS Marvalene Hughes PhD 1.0 0.0 X Sen Robert M Johnson Atty 1.0 0.0 X Mr Bobby Jones Jr 1.0 0.0 X Mr Peter D Jones 1.0 0.0 X MR Fred E Karlinsky Esq 1.0 0.0 X Mr David B Lane 1.0 0.0 X Mr George R Langford Sr 1.0 0.0 X MS Sandra Lewis EdD 1.0 0.0 X Ms Sharon A Licamara 1.0 0.0 X MS Charlotte E Maguire MD 1.0 0.0 X Mr Robert B Mang 1.0 0.0 X Mrs Joyce Beery Miles 1.0 0.0 X Dr Jacqueline D Montgomery 1.0 0.0 X Mrs Jane E Morgan 1.0 0.0 X Mr Francis J Nardozza 1.0 0.0 X Mr G Bruce Redditt 1.0 0.0 X Mr Jeffrey P Rohr 1.0 0.0 X Mr Kirk T Rostron 1.0 0.0 X Mr Robert L Stahl 1.0 0.0 X Ms Janet L Stoner 1.0 0.0 X Mr John W Thiel 1.0 0.0 X X Mr James Thomas Jr 1.0 0.0 X MR Edwin W Walborsky Esq 1.0 0.0 X MS Elizabeth J Walters JD 1.0 0.0 X Mr Ashbel C Williams Jr 1.0 0.0 X DR Thomas W Jennings Jr 40.0 0.0 X X 315816 0 31080 MR Gerald J Ganz Jr 40.0 0.0 X 143017 0 22703 MR Patrick J Crowley 40.0 0.0 X 127778 0 26075 MR Andy A Jhanji 40.0 0.0 X 208611 0 40722 MR Perry Fulkerson 40.0 0.0 X 183598 0 34863 MR Glen W Jack 40.0 0.0 X 171094 0 24683 MR Mark G Pankey 40.0 0.0 X 136584 0 32750 MS Jeanne Pecha 40.0 0.0 X 141930 0 24288 1428428 0 237164 11 false true true RuffaloCODY LLC PO Box 3018 CEDAR RAPIDS IA 52406 FUNDRAISING SERVICES 704859 Ernst Young 401 East Jackson Street TAMPA FL 33602 ACCOUNTING 179416 Pennington Moore WilkinsonBelld 215 S Monroe St 2nd Floor TALLAHASSEE FL 32303 LEGAL SERVICES 159529 3 630928 1704384 55725487 1195857 58060799 Registration/Administration 561000 653837 653837 653837 2793089 -121575 2914664 0 81345 81345 0 0 0 116751050 33414 108121692 42664 8629358 -9250 8620108 8620108 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0.04220 0.95780 true false 423559 423559 516050 516050 0 2860139 2720539 139600 91707 82716 8991 572150 0 Agency Liability 372087 Annuity obligations 6424255 6796342 X 115696131 42549255 42549255 73146876 -730598 -730598 72416278 61783682 730598 730598 61053084 61053084 Endowment Funds Schedule D, Part V Spending from the Foundation's endowments supports the academic activities of the University including scholarships and programs. FIN 48 FOOTNOTE SCHEDULE D, PART X, LINE 2 THE FOUNDATION HAS REVIEWED ITS TAX STATUS AND RELATED FILINGS AND DETERMINED THAT THERE ARE NO TAX POSITIONS FOR WHICH AN OBLIGATION NEEDS TO BE RECORDED. OTHER REVENUE ADJUSTMENTS SCHEDULE D, PART XI, LINE 4B EXPENSES RELATED TO FUNDRAISING EVENTS OF $730,598 ARE NETTED ON THE REVENUE SCHEDULE IN PART VIII. IN THE AUDITED FINANCIALS THESE EXPENSES ARE INCLUDED IN PROGRAM EXPENSES. OTHER EXPENSE ADJUSTMENTS SCHEDULE D, PART XII, LINE 2D EXPENSES RELATED TO FUNDRAISING EVENTS OF $730,598 ARE NETTED ON THE REVENUE SCHEDULE IN PART VIII. IN THE AUDITED FINANCIALS THESE EXPENSES ARE INCLUDED IN PROGRAM EXPENSES. true Central America and the Caribbean Investments N/A 38595956 North America Investments N/A 5046198 East Asia and the Pacific Investments N/A 5040373 Europe (Including Iceland and Greenland) Investments N/A 30408116 79090643 79090643 true false true true false false Organization's Procedures for Monitoring Use of Grant Funds Outside the US Schedule F, Part V THE ORGANIZATION DOES NOT HAVE FORMAL MONITORING PROCEDURES AFTER THE GRANT IS MADE. HOWEVER, AT THE TIME OF THE GRANT, THE ORGANIZATION AUDITS THE DISBURSEMENT TO ENSURE THAT IT MEETS THE DONOR'S INTENT. X true RuffaloCODY LLC PHONE SOLIC. false 765554 593600 171954 765554 593600 171954 AL AK AZ AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT WA WV WI 7 DAYS FESTIVAL 348977 262727 86250 11802 29222 317320 Ringling INTL. 352542 242463 110079 72677 22669 165288 8 206610 125738 80872 48020 12821 50779 908129 630928 277201 132499 64712 533387 730598 -453397 Supplemental Information - Fundraising Events Schedule G, Part IV As reported on Schedule G, net income for fundraising events does not include any charitable contributions received during these fundraising events. Excluding charitable contributions from fundraising events, as per Schedule G instructions, can result in negative income for purposes of Schedule G, Part II, line 11. Fundraising events not only serve to raise money but also to increase donor awareness with hope of future contributions in support of our mission. true Big Bend Hospice 1723 Mahan Cntr Blvd Tallahassee FL 32308 592328806 501(c)3 20000 DONATION FAMU Financial Aid 1700 Lee Hall Drive 101 Foote Hilyer Admin Center Tallahassee FL 32307 590977035 501(c)3 5761 SCHOLARSHIP SUPPORT Feeding South Florida 2501 SW 32nd Terr Pembroke Pines FL 33023 592097520 501(c)3 10000 INDUSTRY AWARD The Florida State University 600 W College Ave Tallahassee FL 32306 591961248 501(c)3 19025254 792326 FMV COMPUTERS, EQUIPMENT SUPPORT SCHOLARSHIPS AND UNIVERSITY PROGRAMS The Florida State University Alumni AssOC 1030 W Tennessee ST Tallahassee FL 32304 590705420 501(c)3 159830 PROGRAM SUPPORT The Florida State Real Estate Foundation 2010 Levy Ave Tallahassee FL 32310 452337977 501(c)3 50000 150000 FMV Real Estate PROGRAM SUPPORT The Florida State Uni Research Foundation 874 Traditions Way Suite 300 Tallahassee FL 32306 593211153 501(c)3 114190 RESEARCH SUPPORT Junior Achievement of North Florida 4049 Woodcock Dr Jacksonville FL 32207 591021800 501(c)3 6000 Lipid Nanotechnologies LLC 331 Meadowbrook Lane Tallahassee FL 32304 371701147 20000 INDUSTRY AWARD Nanotechnology Patronas Group Inc 4743 Planters RDG Dr Tallahassee FL 32311 455182357 10000 INDUSTRY AWARD Southern Scholarship House 322 Stadium Drive Tallahassee FL 32304 590939481 501(c)3 21811 SCHOLARSHIP SUPPORT Tallahassee Memorial Healthcare Foundation 1331 East Sixth Ave Tallahassee FL 32303 591727645 501(c)3 169000 MEDICAL RESEARCH SUPPORT University of Florida Financial Aid S-107 Criser Hall PO Box 114025 Gainesville FL 32611 596002052 501(c)3 24405 SCHOLARSHIP SUPPORT University of North Florida 4567 St Jhns Bluff RD S Jcksnvll FL 32224 592976169 501(c)3 7299 SCHOLARSHIP SUPPORT 12 3 Industry Award 11 28225 Travel Stipend - Academic Support 2 3000 Research Stipend - Academic Support 8 5500 maintenance of records to substantiate grants or assistance FORM 990, SCHEDULE I, line 1 The University oversees the grant process. University personnel determine who will receive awards and how they are awarded. Internal audits are perfoRmed annually to verify that donor restrictions are being complied with by the University during the grant process. After making the grant selections, the University gives the Foundation an approved disbursement request to transfer the funds. The Foundation keeps records of the disbursements as part of its accounts payable documentation. description of organization's procedures for monitoring the use of grants FORM 990, SCHEDULE I, LINE 2 The organization does not have formal monitoring procedures after the grant is made. However, at the time of the grant, the organizaTIon audits the disbursement to ensure that it meets the donor's intent. AWARDS GRANTED TO NON-501(C)(3) ENTITIES fORM 990, SCHEDULE J, PART II The awards to non-501(c)(3) entities are given as part of a business plan competition within the FSU College of Business. These awards are given to student run entrepreneurial entities. X X true true X X false false false false false false false false false DR Thomas W Jennings Jr 315816 0 0 0 0 0 16322 0 14758 0 346896 0 0 0 MR Gerald J Ganz Jr 143017 0 0 0 0 0 9600 0 13103 0 165720 0 0 0 MR Patrick J Crowley 127778 0 0 0 0 0 19356 0 6719 0 153853 0 0 0 MR Andy A Jhanji 208611 0 0 0 0 0 30002 0 10720 0 249333 0 0 0 MR Perry Fulkerson 183598 0 0 0 0 0 27823 0 7040 0 218461 0 0 0 MR Glen W Jack 171094 0 0 0 0 0 19053 0 5630 0 195777 0 0 0 MR Mark G Pankey 136584 0 0 0 0 0 21717 0 11033 0 169334 0 0 0 MS Jeanne Pecha 141930 0 0 0 0 0 20483 0 3805 0 166218 0 0 0 SUPPLEMENTAL Benefits INFORMATION Schedule J, Part I, Line 1a CHARTER FLIGHTS ARE PROVIDED FOR THE UNIVERSITY PRESIDENT TO ATTEND SCHEDULED MEETINGS WHEN COMMERCIAL TRAVEL ALTERNATIVES ARE NOT AVAILABLE. WHEN CHARTER FLIGHTS ARE USED, FOUNDATION AND UNIVERSITY EXECUTIVES TRAVEL WITH THE PRESIDENT TO PREPARE EN ROUTE FOR THE MEETINGS. THE FOUNDATION PAID SOCIAL CLUB DUES, SPECIFICALLY FOR FUNDRAISING PURPOSES, FOR THE FOUNDATION PRESIDENT. SUPPLEMENTAL COMPENSATION INFORMATION SCHEDULE J, PART III DURING THE FISCAL YEAR ENDED JUNE 30, 2013, THE FOUNDATION'S CFO, GERALD J. GANZ, JR. WAS AN EMPLOYEE OF FLORIDA STATE UNIVERSITY. HIS TOTAL COMPENSATION FOR CALENDAR YEAR 2012 WAS $165,720. DURING THE FISCAL YEAR ENDED JUNE 30, 2013, THE FOUNDATION'S PRESIDENT, THOMAS W. JENNINGS, II, WAS AN EMPLOYEE OF FLORIDA STATE UNIVERSITY. MR. JENNINGS ALSO HOLDS THE TITLE OF VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT AT FLORIDA STATE UNIVERSITY, AND, IN THIS ROLE, HE OVERSEES THE ACTIVITIES OF FOUR DIRECT SUPPORT ORGANIZATIONS OF THE UNIVERSITY, INCLUDING THE ACTIVITIES OF THE FSU FOUNDATION. HIS TOTAL COMPENSATION PAID BY FLORIDA STATE UNIVERSITY FOR CALENDAR YEAR 2012 WAS $346,896. FLORIDA STATE UNIVERSITY HAS BEEN DETERMINED TO BE AN UNRELATED ORGANIZATION FOR PURPOSES OF 990 REPORTING. X 10 APPRAISAL X 1 1124 EXPERT'S OPINION X 90 1018042 SALE OF COMPARABLES X 2 68556 EXPERT'S OPINION X EQUIPMENT & SUPPLIES 19 101623 SALE OF COMPARABLES X SOFTWARE/MEDIA 1 1935 SALE OF COMPARABLES X CATERED FOOD 3 4577 COST/SELLING PRICE 3 false true false ART-WORKS OF ART SCHEDULE M, PART I, LINE 1 THE FOUNDATION DOES NOT REPORT CONTRIBUTIONS OF ART AS REVENUE, AS PERMITTED UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES AS CODIFIED IN THE NON-FOR-PROFIT ENTITIES TOPIC OF THE ASC (ASC 958). Reason for Not Filing Form 990-T Form 990, Part V, Line 3b THE FOUNDATION HAS RECEIVED AN EXTENSION TO FILE THE 990-T. THE EXTENDED DUE DATE IS MAY 15, 2014. THE FOUNDATION'S 990 AND 990-T ARE FILED AT THE SAME TIME. DESCRIBE THE PROCESS USED BY MANAGEMENT &/OR GOVERNING BODY TO REVIEW 990 FORM 990, PART VI, QUESTION 11 The following is the review and distribution process for the Foundation's Forms 990 and 990T. This process takes place each year prior to filing the forms with the IRS: 1) The CFO reviews Form 990 and Form 990T with the CEO and resolves any issues or questions with the independent accounting firm that prepares the forms. It is the CFO and CEO's responsibility to confirm that these forms represent the Foundation's financial condition for the period being reported and do not contain any untrue statements or omit any material facts; 2) the Foundation's Board of Trustees has delegated to the Audit Committee the responsibility for the final review of the draft Forms 990 and 990T and no further review by the Board is required before the forms are filed with the IRS. The committee's review is documented in the committee meeting minutes; 3) Draft Forms 990 and 990T are provided to each voting board member of the Board of Trustees prior to filing the forms with the IRS. Distribution may be in the form of electronic mail, notification of a link to a website or actual mailing of the document. DESCRIPTION OF PROCESS TO MONITOR TRANSACTIONS FOR CONFLICTS OF INTEREST FORM 990, PART VI, QUESTION 12C Annually all trustees are asked to fill a conflict of interest form. The Board staff liaison monitors the process to ensure that completed forms are returned by all members with individual follow up when necessary. Hard copies of all forms are retained. It is the responsibility of the Assistant Secretary of the Board to inform the Board Chair and Committee Chairpersons of any existing conflicts so that they can be sure that board members recuse themselves from any discussions and/or actions including votes on issues where there is a conflict of interest. OFFICES & POSITIONS FOR WHICH PROCESS WAS USED, & YEAR PROCESS WAS BEGUN FORM 990, PART VI, QUESTION 15A & 15B Beginning in 1997, the Foundation has conducted an annual survey of salaries at comparable university related advancement organizations. The survey is conducted by an independent salary consultant who provides statistical analysis of the results. Comparison for key positions, which includes the President and officers, are included every year with other positions included on an as needed basis. The survey results are used to budget salaries for the coming year. Salary costs including benefits are detailed by position in the budget. Compensation for the Foundations President, officers and all employees is approved by the Board of Trustees as part of the annual budget process. This approval is documented in the Board Meeting minutes. AVAIL OF GOV DOCS, CONFLICT OF INTEREST POLICY, & FIN STMTS TO GEN PUBLIC FORM 990, PART VI, QUESTION 19 The Foundations governing documents, conflict of interest policy and financial statements are available upon request. The Foundations Form 990 and Form 990-T are available on the Foundations website and upon request. OTHER CHANGES IN NET ASSET OR FUND BALANCE FORM 990, PART XI, LINE 9 UNRELATED BUSINESS INCOME LOSS GENERATED FROM PARTNERSHIP INVESTMENTS: $121,575