2013-11-07T09:36:08-06:00 2013-06-30 453269313 YH ADVISORS INC 7755 CENTER AVENUE SUITE 1225 HUNTINGTON BEACH CA 92647 990 2012-07-01 646022505 UNIVERSITY OF SOUTHERN MS FOUNDATION UNIV 6012665210 118 COLLEGE DRIVE 5210 HATTIESBURG MS 39406 J SHANNON FLEMING 6012665210 2013-11-06 1 BRIAN YACKER P00401346 3109822806 2012 2015-11-30 17:44:51Z J SHANNON FLEMING 118 COLLEGE DRIVE 5210 HATTIESBURG MS 39406 114199778 0 X WWW.USMFOUNDATION.COM X 1959 MS 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. 34 34 0 62 0 0 20560148 8605333 0 0 1276998 11435945 392566 150302 22229712 20191580 8791674 8101251 0 0 19919 37497 157587 194244 511477 2352230 2389095 11321410 10722087 10908302 9469493 98276680 103013982 1521088 1804868 96755592 101209114 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 8101251 8101251 PROVIDE SCHOLARSHIPS AND TRANSFERS TO SUPPORT THE UNIVERSITY OF SOUTHERN MISSISSIPPI 866291 OTHER DESIGNATED ITEMS, COMMODITIES AND CONTRACTURAL SERVICES IN SUPPORT OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI 8967542 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 65 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 34 34 1 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 MO ND NH NJ NY OK OR RI UT WA X X STACE MERCIER 6012665210 118 COLLEGE DRIVE 5210 HATTIESBURG MS 39406 POWELL G OGLETREE JR 1.00 X 0 0 0 FRED H DREWS III 1.00 X X 0 0 0 REX E KELLY 1.00 X X 0 0 0 LOU ANN POYNTER 1.00 X X 0 0 0 MARVIN J BOBINGER III 1.00 X 0 0 0 JEFF C BOWMAN 1.00 X 0 0 0 JULIE J GRESHAM 1.00 X 0 0 0 JULIE LENNON 1.00 X 0 0 0 ADAM J SPICER 1.00 X 0 0 0 GILBERT C VAN LOON 1.00 X 0 0 0 MICHAEL G COLLINS 1.00 X 0 0 0 CHARLES M THOMAS SR 1.00 X 0 0 0 THAD F WAITES 1.00 X 0 0 0 RICHARD F CORTS 1.00 X 0 0 0 HARRY MCARTHUR III 1.00 X 0 0 0 SUSAN RILEY 1.00 X 0 0 0 CHARLIE T SUTHERLAND JR 1.00 X 0 0 0 CLAY THAMES 1.00 X 0 0 0 DAWN H BEAM 1.00 X 0 0 0 DAVID M ESTORGE 1.00 X 0 0 0 MICHAEL R MCMULLAN 1.00 X 0 0 0 KATHLEEN A SHAUGHNESSY 1.00 X 0 0 0 MARY ANN R STEWART 1.00 X 0 0 0 LARRY A ALBERT 1.00 X 0 0 0 CHARLES J BROWN 1.00 X 0 0 0 GARY WAYNE CARMICHAEL 1.00 X 0 0 0 JAN COLLINS 1.00 X 0 0 0 BEVERLY A DALE 1.00 X 0 0 0 MICHAEL B HEWES 1.00 X 0 0 0 D SHANE LOPER 1.00 X 0 0 0 DOROTHY R MCEWEN 1.00 X 0 0 0 TRACY A POWELL 1.00 X 0 0 0 WILLIAM DONNIE TYNES 1.00 X 0 0 0 DAVID A WILLIAMS 1.00 X 0 0 0 ROBERT D PIERCE II 40.00 X 0 193740 30459 STACE MERCIER 40.00 X 0 82661 11293 0 276401 41752 0 0 1 0 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 3 8605333 1000573 8605333 1769691 1769691 103423121 251331 93632698 375500 9790423 -124169 9666254 9666254 CSV LIFE INSURANCE 900099 101089 101089 MISCELLANEOUS INCOME 900099 49213 49213 150302 20191580 0 0 11586247 8094848 8094848 6403 6403 37497 32199 5298 15000 15000 61000 61000 21320 21320 194244 194244 309719 309719 143827 75215 37459 31153 308734 152924 72286 83524 75996 28177 22961 24858 130611 1630 65789 63192 1735 83 1652 219550 170523 14875 34152 302033 214251 56095 31687 15248 15248 112549 112549 38196 38196 BAD DEBT 333009 333009 SMALL EQUIPMENT 99865 95226 4639 MEALS AND ENTERTAINMENT 90428 68238 3780 18410 DUES AND SUBSCRIPTIONS 60124 23818 34823 1483 50151 14886 11789 23476 10722087 8967542 1243068 511477 1404450 2552168 17605778 14068836 92160 74295 740631 403830 509686 336801 73322803 81872140 2326018 2293045 3015785 1816697 98276680 103013982 107123 669070 957113 782113 456852 353685 1521088 1804868 X 4839149 4735798 39671015 41477728 52245428 54995588 96755592 101209114 98276680 103013982 X 9469493 -5097520 81549 X X 0 1 X 1 0 X 10647023 11419850 4878567 20560148 8605333 56110921 10647023 11419850 4878567 20560148 8605333 56110921 10865279 45245642 1092709 1516625 1763252 1588779 1769691 7731056 194068 178178 298318 392566 150302 1213432 65055409 0.69550 0.73100 X SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: CSV LIFE INSURANCE $101,089 MISCELLANEOUS INCOME $49,213 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 21320 21320 0 PART IV, SUPPLEMENTAL INFORMATION: 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. 61446889 2622222 5155648 -1255783 893649 68862625 63837796 3041146 -3160597 1266770 1004686 61446889 49149641 1413935 10663578 981894 1500117 58745143 45270806 1232898 3704959 556657 502365 49149641 54797922 2316551 -9002892 1150673 1690102 45270806 0.02130 0.88170 0.09700 0 0 102000 102000 16072 3211 12861 622559 400619 221940 336801 GIFT ANNUITIES PAYABLE 353685 353685 X 16131264 -5097520 1598383 -251460 -3750597 19881861 309719 309719 20191580 11677742 1598383 1598383 10079359 309719 333009 642728 10722087 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. X X X X 1 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 1207663 194244 1013419 AK AR CA CO FL HI KY MA MD ME MI MN MO ND NH NJ NY OK OR RI UT WA FUNDRAISER: RUFFALO CODY PART 1 LINE 2B 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. 1 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 3 0 FELLOWSHIPS AND AWARDS 21 6403 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: 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. 0 0 0 0 0 0 0 0 0 ROBERT D PIERCE II 0 192500 0 0 0 1240 0 26187 0 4272 0 224199 0 0 PART I, LINE 3 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. X 1 25000 QUALIFIED APPRAISAL X 177 FAIR MARKET VALUE X 1 4300 FAIR MARKET VALUE X 28 617416 AVG STOCK PRICE X 1 230000 QUALIFIED APPRAISAL X 1 2095 FAIR MARKET VALUE X 3 105776 FAIR MARKET VALUE X VARIOUS 10 10 VALUE UNKNOWN X MUSICAL INSTRUMENTS 3 13209 FAIR MARKET VALUE X WHEELCHAIR 1 2590 FAIR MARKET VALUE 2 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE FOUNDATION EMPLOYS REALTORS TO LIST AND SELL CONTRIBUTIONS OF REAL ESTATE. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: INCREASE IN VALUE OF SPLIT INTEREST AGREEMENTS 81,549. PROCESS FOR AUDITOR SELECTION 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. FOUNDATION AVIATION HOLDINGS LLC 118 COLLEGE DRIVE 5210 HATTIESBURG MS 39406 263637085 PERSONAL PROPERTY MS 47402 982812 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 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 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 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