UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION (EIN 64-6022505)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2013-11-07
- IRS object ID
- 201303119349300740
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-11-07T09:36:08-06:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 453269313 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | YH ADVISORS INC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7755 CENTER AVENUE SUITE 1225 | AddressLine1 |
| City | HUNTINGTON BEACH | City |
| State | CA | State |
| ZIP Code | 92647 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 646022505 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF SOUTHERN MS FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | UNIV | NameControl |
| Phone | 6012665210 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 118 COLLEGE DRIVE 5210 | AddressLine1 |
| City | HATTIESBURG | City |
| State | MS | State |
| ZIP Code | 39406 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | J SHANNON FLEMING | Name |
| Title | EXECUTIVE DIRECTOR / SECRETARY | Title |
| Phone | 6012665210 | Phone |
| Date Signed | 2013-11-06 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BRIAN YACKER | Name |
| PTIN | P00401346 | PTIN |
| Phone | 3109822806 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | J SHANNON FLEMING | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 118 COLLEGE DRIVE 5210 | AddressLine1 |
| City | HATTIESBURG | City |
| State | MS | State |
| ZIP Code | 39406 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 114199778 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.USMFOUNDATION.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1959 | YearFormation |
| State Legal Domicile | MS | StateLegalDomicile |
| Activity Or Mission Description | BUILD RELATIONSHIPS WITH ALUMNI AND FRIENDS IN ORDER TO SECURE PRIVATE FUNDS FOR THE BENEFIT OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI (USM). THE FOUNDATION RECEIVES, INVESTS AND DISTRIBUTES PRIVATE GIFTS IN SUPPORT OF THE UNIVERSITY'S MISSION. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 34 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 34 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 62 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 20560148 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 8605333 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1276998 | InvestmentIncomePriorYear |
| Investment Income Current Year | 11435945 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 392566 | OtherRevenuePriorYear |
| Other Revenue Current Year | 150302 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 22229712 | TotalRevenuePriorYear |
| Total Revenue Current Year | 20191580 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 8791674 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 8101251 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 19919 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 37497 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 157587 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 194244 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 511477 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2352230 | OtherExpensePriorYear |
| Other Expenses Current Year | 2389095 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 11321410 | TotalExpensesPriorYear |
| Total Expenses Current Year | 10722087 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 10908302 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 9469493 | RevenuesLessExpensesCY |
| Total Assets BOY | 98276680 | TotalAssetsBOY |
| Total Assets EOY | 103013982 | TotalAssetsEOY |
| Total Liabilities BOY | 1521088 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1804868 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 96755592 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 101209114 | NetAssetsOrFundBalancesEOY |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 8101251 | Expense |
| Grants | 8101251 | Grants |
| Description | PROVIDE SCHOLARSHIPS AND TRANSFERS TO SUPPORT THE UNIVERSITY OF SOUTHERN MISSISSIPPI | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 866291 | Expense |
| Description | OTHER DESIGNATED ITEMS, COMMODITIES AND CONTRACTURAL SERVICES IN SUPPORT OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 8967542 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 1 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 1 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 65 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 34 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 34 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | AK | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AR | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CO | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | FL | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | HI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | KY | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MD | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | ME | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MN | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MO | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | ND | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NH | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NJ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OK | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OR | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | RI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | UT | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WA | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STACE MERCIER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6012665210 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 118 COLLEGE DRIVE 5210 | AddressLine1 |
| City | HATTIESBURG | City |
| State | MS | State |
| ZIP Code | 39406 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (36 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| POWELL G OGLETREE JR | ||||||
| IMMEDIATE PAST PRESIDENT | 1.00 | X | 0 | 0 | 0 | |
| FRED H DREWS III | ||||||
| PRESIDENT | 1.00 | X | 0 | 0 | 0 | X |
| REX E KELLY | ||||||
| VICE PRESIDENT | 1.00 | X | 0 | 0 | 0 | X |
| LOU ANN POYNTER | ||||||
| TREASURER AND FIN COMM CHAIR | 1.00 | X | 0 | 0 | 0 | X |
| MARVIN J BOBINGER III | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| JEFF C BOWMAN | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| JULIE J GRESHAM | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| JULIE LENNON | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| ADAM J SPICER | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| GILBERT C VAN LOON | ||||||
| POLICY AND BYLAWS CHAIR | 1.00 | X | 0 | 0 | 0 | |
| MICHAEL G COLLINS | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| CHARLES M THOMAS SR | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| THAD F WAITES | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| RICHARD F CORTS | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| HARRY MCARTHUR III | ||||||
| INVESTMENT COMMITTEE CHAIR | 1.00 | X | 0 | 0 | 0 | |
| SUSAN RILEY | ||||||
| MEMBER-AT-LARGE | 1.00 | X | 0 | 0 | 0 | |
| CHARLIE T SUTHERLAND JR | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| CLAY THAMES | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| DAWN H BEAM | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| DAVID M ESTORGE | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| MICHAEL R MCMULLAN | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| KATHLEEN A SHAUGHNESSY | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| MARY ANN R STEWART | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| LARRY A ALBERT | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| CHARLES J BROWN | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| GARY WAYNE 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 | |
| MICHAEL B HEWES | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| D SHANE LOPER | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| DOROTHY R MCEWEN | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| TRACY A POWELL | ||||||
| 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 | |
| ROBERT D PIERCE II | ||||||
| EXECUTIVE DIR./SEC. | 40.00 | 0 | 193740 | 30459 | X | |
| STACE MERCIER | ||||||
| CHIEF FINANCIAL OFFICER | 40.00 | 0 | 82661 | 11293 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 276401 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 41752 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (3 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| JP MORGAN | |||||
| 201 ST CHARLES AVENUE | NEW ORLEANS | LA | 70170 | INVESTMENT MANAGEMENT | 330361 |
| RUFFALO CODY LLC | |||||
| PO BOX 3018 | CEDAR RAPIDS | IA | 524063018 | TELEMARKETING | 177950 |
| BLACKBAUD INC | |||||
| PO BOX 930256 | ATLANTA | GA | 311930256 | SOFTWARE SERVICES | 120599 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
| All Other Contributions | 8605333 | AllOtherContributions |
| Noncash Contributions | 1000573 | NoncashContributions |
| Total Contributions | 8605333 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1769691 | TotalRevenueColumn |
| Exclusion | $1,769,691 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 103423121 | Securities |
| Other | 251331 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 93632698 | Securities |
| Other | 375500 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 9790423 | Securities |
| Other | -124169 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 9666254 | TotalRevenueColumn |
| Exclusion | $9,666,254 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| CSV LIFE INSURANCE | 900099 | 101089 | $101,089 |
| MISCELLANEOUS INCOME | 900099 | 49213 | $49,213 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 150302 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 20191580 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $11,586,247 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8094848 | Total |
| Program Services | 8094848 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6403 | Total |
| Program Services | 6403 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 37497 | Total |
| Management And General | 32199 | ManagementAndGeneral |
| Fundraising | 5298 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15000 | Total |
| Management And General | 15000 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 61000 | Total |
| Management And General | 61000 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21320 | Total |
| Program Services | 21320 | ProgramServices |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 194244 | Total |
| Fundraising | 194244 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 309719 | Total |
| Management And General | 309719 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 143827 | Total |
| Program Services | 75215 | ProgramServices |
| Management And General | 37459 | ManagementAndGeneral |
| Fundraising | 31153 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 308734 | Total |
| Program Services | 152924 | ProgramServices |
| Management And General | 72286 | ManagementAndGeneral |
| Fundraising | 83524 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 75996 | Total |
| Program Services | 28177 | ProgramServices |
| Management And General | 22961 | ManagementAndGeneral |
| Fundraising | 24858 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 130611 | Total |
| Program Services | 1630 | ProgramServices |
| Management And General | 65789 | ManagementAndGeneral |
| Fundraising | 63192 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1735 | Total |
| Program Services | 83 | ProgramServices |
| Management And General | 1652 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 219550 | Total |
| Program Services | 170523 | ProgramServices |
| Management And General | 14875 | ManagementAndGeneral |
| Fundraising | 34152 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 302033 | Total |
| Program Services | 214251 | ProgramServices |
| Management And General | 56095 | ManagementAndGeneral |
| Fundraising | 31687 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15248 | Total |
| Management And General | 15248 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 112549 | Total |
| Management And General | 112549 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38196 | Total |
| Management And General | 38196 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral | Program ServicesProgramServices | FundraisingFundraising |
|---|---|---|---|---|
| BAD DEBT | 333009 | 333009 | ||
| SMALL EQUIPMENT | 99865 | 4639 | 95226 | |
| MEALS AND ENTERTAINMENT | 90428 | 3780 | 68238 | 18410 |
| DUES AND SUBSCRIPTIONS | 60124 | 34823 | 23818 | 1483 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 50151 | Total |
| Program Services | 14886 | ProgramServices |
| Management And General | 11789 | ManagementAndGeneral |
| Fundraising | 23476 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10722087 | Total |
| Program Services | 8967542 | ProgramServices |
| Management And General | 1243068 | ManagementAndGeneral |
| Fundraising | 511477 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1404450 | BOY |
| EOY | 2552168 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17605778 | BOY |
| EOY | 14068836 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 92160 | BOY |
| EOY | 74295 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 740631 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 403830 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 509686 | BOY |
| EOY | 336801 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 73322803 | BOY |
| EOY | 81872140 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2326018 | BOY |
| EOY | 2293045 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3015785 | BOY |
| EOY | 1816697 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 98276680 | BOY |
| EOY | 103013982 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 107123 | BOY |
| EOY | 669070 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 957113 | BOY |
| EOY | 782113 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 456852 | BOY |
| EOY | 353685 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1521088 | BOY |
| EOY | 1804868 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4839149 | BOY |
| EOY | 4735798 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39671015 | BOY |
| EOY | 41477728 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 52245428 | BOY |
| EOY | 54995588 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 96755592 | BOY |
| EOY | 101209114 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 98276680 | BOY |
| EOY | 103013982 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 9469493 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | -5097520 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 81549 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Support Org170b1 Aiv | X | CollegeSupportOrg170b1Aiv |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 10647023 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 11419850 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 4878567 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 20560148 | CurrentTaxYearMinus1Year |
| Current Tax Year | 8605333 | CurrentTaxYear |
| Total | 56110921 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 10647023 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 11419850 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 4878567 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 20560148 | CurrentTaxYearMinus1Year |
| Current Tax Year | 8605333 | CurrentTaxYear |
| Total | 56110921 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 10865279 | AmountsSubstContributorsTotal |
| Public Support Total170 | 45245642 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1092709 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1516625 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1763252 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1588779 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1769691 | CurrentTaxYear |
| Total | 7731056 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 194068 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 178178 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 298318 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 392566 | CurrentTaxYearMinus1Year |
| Current Tax Year | 150302 | CurrentTaxYear |
| Total | 1213432 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 65055409 | TotalSupport |
| Public Support Pertcentage170 | 0.69550 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.73100 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
| General Explanation | SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: CSV LIFE INSURANCE $101,089 MISCELLANEOUS INCOME $49,213 | GeneralExplanation |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | Volunteers |
| Paid Staff Or Management | 0 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 0 | DirectContactLegislators |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 1 | OtherActivities |
| Other Activities | $21,320 | OtherActivitiesAmount |
| Total Lobbying Expenditures IIB | 21320 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART IV, SUPPLEMENTAL INFORMATION: | Identifier |
| Explanation | 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. EXPENDITURES WERE MADE MOSTLY FOR MEALS AND TRAVEL. | Explanation |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 61446889 | BeginningOfYearBalance |
| Contributions | 2622222 | Contributions |
| Investment Earnings Or Losses | 5155648 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -1255783 | GrantsOrScholarships |
| Other Expenditures | 893649 | OtherExpenditures |
| End Of Year Balance | 68862625 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 63837796 | BeginningOfYearBalance |
| Contributions | 3041146 | Contributions |
| Investment Earnings Or Losses | -3160597 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1266770 | GrantsOrScholarships |
| Other Expenditures | 1004686 | OtherExpenditures |
| End Of Year Balance | 61446889 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 49149641 | BeginningOfYearBalance |
| Contributions | 1413935 | Contributions |
| Investment Earnings Or Losses | 10663578 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 981894 | GrantsOrScholarships |
| Other Expenditures | 1500117 | OtherExpenditures |
| End Of Year Balance | 58745143 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 45270806 | BeginningOfYearBalance |
| Contributions | 1232898 | Contributions |
| Investment Earnings Or Losses | 3704959 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 556657 | GrantsOrScholarships |
| Other Expenditures | 502365 | OtherExpenditures |
| End Of Year Balance | 49149641 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 54797922 | BeginningOfYearBalance |
| Contributions | 2316551 | Contributions |
| Investment Earnings Or Losses | -9002892 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1150673 | GrantsOrScholarships |
| Other Expenditures | 1690102 | OtherExpenditures |
| End Of Year Balance | 45270806 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.02130 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.88170 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.09700 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 102000 | InvestmentCostOrOtherBasis |
| Book Value | 102000 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 16072 | OtherCostOrOtherBasis |
| Depreciation | 3211 | Depreciation |
| Book Value | 12861 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 622559 | OtherCostOrOtherBasis |
| Depreciation | 400619 | Depreciation |
| Book Value | 221940 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 336801 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | GIFT ANNUITIES PAYABLE | Description |
| Amount | $353,685 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 353685 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 16131264 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -5097520 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 1598383 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | -251460 | OtherRevenues |
| Revenue Not Rptd F990 | -3750597 | RevenueNotRptdF990 |
| Revenue Subtotal | 19881861 | RevenueSubtotal |
| Investment Expenses Not Included | 309719 | InvestmentExpensesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 309719 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 20191580 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 11677742 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 1598383 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 1598383 | ExpensesNotRptdF990 |
| Expenses Subtotal | 10079359 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 309719 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 333009 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 642728 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 10722087 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (3 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | INCREASE IN VALUE OF SPLIT INTEREST AGREEMENTS 81,549. BAD DEBT -333,009. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | BAD DEBT 333,009. |
| 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 30,2013 AND 2012, THERE WERE NO MATERIAL UNCERTAIN TAX POSITIONS. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Agreement Ref Fundraising | 1 | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | ActivityActivity | Fundraiser Control Of FundsFundraiserControlOfFunds | Gross ReceiptsGrossReceipts | Amount Retained By ContractorAmountRetainedByContractor | Net To OrganizationNetToOrganization |
|---|---|---|---|---|---|---|---|---|
| MARTHA D SAUNDERS | ||||||||
| PO BOX 1287 | GULF BREEZE | FL | 32562 | IN PERSON SOLICITATIONS | 0 | 1000000 | 23232 | 976768 |
| RUFFALO CODY LLC | ||||||||
| PO BOX 3018 | CEDAR RAPIDS | IA | 524063018 | PHONE SOLICITATION | 0 | 207663 | 171012 | 36651 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | 1207663 | TotalGrossReceipts |
| Total Retained By Contractors | 194244 | TotalRetainedByContractors |
| Total Net To Organization | 1013419 | TotalNetToOrganization |
| Licensed States | AK | LicensedStates |
| Licensed States | AR | LicensedStates |
| Licensed States | CA | LicensedStates |
| Licensed States | CO | LicensedStates |
| Licensed States | FL | LicensedStates |
| Licensed States | HI | LicensedStates |
| Licensed States | KY | LicensedStates |
| Licensed States | MA | LicensedStates |
| Licensed States | MD | LicensedStates |
| Licensed States | ME | LicensedStates |
| Licensed States | MI | LicensedStates |
| Licensed States | MN | LicensedStates |
| Licensed States | MO | LicensedStates |
| Licensed States | ND | LicensedStates |
| Licensed States | NH | LicensedStates |
| Licensed States | NJ | LicensedStates |
| Licensed States | NY | LicensedStates |
| Licensed States | OK | LicensedStates |
| Licensed States | OR | LicensedStates |
| Licensed States | RI | LicensedStates |
| Licensed States | UT | LicensedStates |
| Licensed States | WA | LicensedStates |
Form990 Schedule G Part IV Form990ScheduleGPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | FUNDRAISER: RUFFALO CODY | Identifier |
| Return Reference | PART 1 LINE 2B | ReturnReference |
| Explanation | RUFFALO CODY PROVIDES TELEMARKETING SERVICES FOR THE USM FOUNDATIONS ANNUAL FUND, THE ANNUAL GIVING CAMPAIGN FOR THE UNIVERSITY OF SOUTHERN MISSISSIPPI. THE ANNUAL FUNDS 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. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| THE UNIVERSITY OF SOUTHERN MISSISSIPPI | |||||||
| 118 COLLEGE DRIVE 5143 | HATTIESBURG | MS | 39406 | 646000818 | 501(C)(3) | 7909488 | USM PROGRAMS |
| THE UNIVERSITY OF SOUTHERN MISSISSIPPI ATHLETIC FOUNDATION | |||||||
| 118 COLLEGE DRIVE 5017 | HATTIESBURG | MS | 39406 | 640929171 | 501(C)(3) | 147137 | USM ATHLETICS |
| THE UNIVERSITY OF SOUTHERN MISSISSIPPI ALUMNI ASSOCIATION | |||||||
| 118 COLLEGE DRIVE 5013 | HATTIESBURG | MS | 39406 | 640763097 | 501(C)(3) | 38223 | USM ALUMNI PROGRAMS |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 3 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | FELLOWSHIPS AND AWARDS | TypeOfGrant |
| Number Of Recipients | 21 | NumberOfRecipients |
| Amount Of Cash Grant | 6403 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | ROBERT D PIERCE II | NamePerson |
| Title | EXECUTIVE DIR./SEC. | Title |
| Base Compensation Filing Org | 0 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 192500 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 1240 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 26187 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 0 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 4272 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 0 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 224199 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 3 | ReturnReference |
| Explanation | 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. COMPENSATION WAS REVIEWED IN JULY OF 2012 AND APPROVED BY THE MISSISSIPPI BOARD OF TRUSTEES OF STATE INSTITUTIONS OF HIGHER LEARNING AS DOCUMENTED IN THE MINUTES OF THAT BOARD MEETING. | Explanation |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 25000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | QUALIFIED APPRAISAL | MethodOfDeterminingRevenues |
Clothing And Household Goods ClothingAndHouseholdGoods
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 177 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
Cars And Other Vehicles CarsAndOtherVehicles
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 4300 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 28 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 617416 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | AVG STOCK PRICE | MethodOfDeterminingRevenues |
Real Estate Residential RealEstateResidential
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 230000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | QUALIFIED APPRAISAL | MethodOfDeterminingRevenues |
Collectibles Collectibles
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 2095 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
Scientific Specimens ScientificSpecimens
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 3 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 105776 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (3 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | VARIOUS | 10 | 10 | VALUE UNKNOWN |
| X | MUSICAL INSTRUMENTS | 3 | 13209 | FAIR MARKET VALUE |
| X | WHEELCHAIR | 1 | 2590 | FAIR MARKET VALUE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 2 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | THIRD PARTY USE: | Identifier |
| Return Reference | PART I, LINE 32B: | ReturnReference |
| Explanation | THE FOUNDATION EMPLOYS REALTORS TO LIST AND SELL CONTRIBUTIONS OF REAL ESTATE. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | MICHAEL B. HEWES AND GILBERT C. VAN LOON ARE BOARD MEMBERS AND ARE PARTNERS OF THE SAME LAW FIRM PRACTICING IN DIFFERENT LOCATIONS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FINANCE COMMITTEE AND BOARD RECEIVED THE 2012 FORM 990 DRAFT FOR REVIEW PRIOR TO BEING FILED. COMMENTS WERE ADDRESSED AND THE FORM WAS UPDATED AS NECESSARY. A COMPLETE COPY OF THE 2012 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. COMPENSATION WAS REVIEWED IN JULY OF 2012 AND APPROVED BY THE MISSISSIPPI BOARD OF TRUSTEES OF STATE INSTITUTIONS OF HIGHER LEARNING AS DOCUMENTED IN THE MINUTES OF THAT BOARD MEETING. | |
| 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 WEBSITE. | |
| FORM 990, PART XI, LINE 9: | INCREASE IN VALUE OF SPLIT INTEREST AGREEMENTS 81,549. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| PART XII LINE 2C | THE ORGANIZATIONS 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. | PROCESS FOR AUDITOR SELECTION |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FOUNDATION AVIATION HOLDINGS LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 118 COLLEGE DRIVE 5210 | AddressLine1 |
| City | HATTIESBURG | City |
| State | MS | State |
| ZIP Code | 39406 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 263637085 | EIN |
| Primary Activities | PERSONAL PROPERTY | PrimaryActivities |
| Legal Domicile State | MS | LegalDomicileState |
| Total Income | 47402 | TotalIncome |
| EOY Assets | 982812 | EOYAssets |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | USM FOUNDATION | BusinessNameLine1 |
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF SOUTHERN MISSISSIPPI | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 118 COLLEGE DRIVE 5143 | AddressLine1 |
| City | HATTIESBURG | City |
| State | MS | State |
| ZIP Code | 39406 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 646000818 | EIN |
| Primary Activities | EDUCATION | PrimaryActivities |
| Legal Domicile State | MS | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | LINE 2 | PublicCharityStatus |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | 0 | ControlledOrg |
Form990 Schedule R Part IV Form990ScheduleRPartIV (4 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Direct Controlling Entity NADirectControllingEntityNA | Type Of EntityTypeOfEntity | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BMC AND KC CRAT | |||||||||||
| 202 SOUTH 40TH AVENUE | HATTIESBURG | MS | 39402 | 646207876 | TRUST | MS | N/A | T | 74666 | 0.53730 | 0 |
| HLG AND JBG CRUT | |||||||||||
| PO BOX 10885 | BIRMINGHAM | AL | 35202 | 646215863 | TRUST | MS | N/A | T | 16674 | 0.79730 | 0 |
| JEG CRAT | |||||||||||
| 1581 AMERIPRISE FINANCIAL CENTER | MINNEAPOLIS | MN | 55474 | 207371805 | TRUST | MS | N/A | T | 319808 | 0.62560 | 0 |
| LEH CRAT | |||||||||||
| PO BOX 1231 | HATTIESBURG | MS | 39403 | 726180760 | TRUST | MS | N/A | T | 141747 | 0.83390 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 1 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (4 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| UNIVERSITY OF SOUTHERN MISSISSIPPI | ||
| B | 7909488 | CASH DISBURSED |
| UNIVERSITY OF SOUTHERN MISSISSIPPI | ||
| J | 197141 | DIRECT FINANCING LEASE |
| UNIVERSITY OF SOUTHERN MISSISSIPPI | ||
| N | 118424 | CONTRIB. UTILITIES & FACILITIES |
| UNIVERSITY OF SOUTHERN MISSISSIPPI | ||
| O | 1455192 | CASH DISBURSED |