2013-05-02T09:11:25-05:00 2012-06-30 ERNST & YOUNG US LLP 55 IVAN ALLEN JR BLVD STE 1000 ATLANTA GA 30308 990 2011-07-01 596152180 FLORIDA STATE UNIVERSITY FOUNDATION INC % Laura F Hensley FLOR 8506446000 Innovation Park 2010 Levy Avenue BUILDING B SUITE 300 Tallahassee FL 32306 Thomas Jennings 2013-04-22 4048748300 2011 2016-02-25 16:41:14Z Thomas W Jennings President Innovation Park 2010 Levy Ave Tallahassee FL 32306 162939777 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. 37 36 122 955 64860 43332 39738220 51095024 589477 579691 8553748 3185260 985780 4706869 49867225 59566844 18439319 15972061 0 0 16340755 17362258 594104 611925 7817246 19318122 19300186 54692300 53246430 -4825075 6320414 504811417 498250336 12274686 12641411 492536731 485608925 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 39545320 15972061 6366517 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. 39545320 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 false true X 264 0 true 122 true true true true BD CA CJ HK EI false false false true true false false false false X 37 36 false false true false false false false true true false false true true true true true false true true false AK AZ 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 Beth Azor 1.0 X X 0 0 Eric Barron 1.0 X Yvonne Brown 1.0 X John Carnaghi 1.0 X X Stella Cottrell 1.0 X Warren Coville 1.0 X Thomas Culligan 1.0 X Julie Eichenberg 1.0 X Andrew Feinberg 1.0 X Ralph Gonzalez 1.0 X Carla Gopher 1.0 X Priscilla Greenfield 1.0 X William Haggard 1.0 X Donald Harbaugh 1.0 X Mart Hill 1.0 X Gordon Holder 1.0 X X Robert Johnson 1.0 X Peter Jones 1.0 X John Jones 1.0 X Floyd Jordan 1.0 X Galen Kilburn 1.0 X George Langford 1.0 X Sandra Lewis 1.0 X Charlotte Maguire 1.0 X Joyce Miles 1.0 X Jacqueline Montgomery 1.0 X Jane Morgan 1.0 X Gerald Redditt 1.0 X Betty Rodgers 1.0 X Jeffrey Rohr 1.0 X Kirk Rostron 1.0 X Jerry Sowell 1.0 X John Thiel 1.0 X James Thomas 1.0 X Edwin Walborsky 1.0 X Ashbel Williams 1.0 X X Thomas Jennings 40.0 X X 297388 39589 Gerald J Ganz Jr 40.0 X 143342 25552 Perry Fulkerson 40.0 X 182130 37102 Mark Pankey 40.0 X 135614 35575 Jeanne Pecha 40.0 X 139103 23274 Francis Salancy Jr 40.0 X 109756 29165 Patrick J Crowley 40.0 X 131878 28653 1139211 0 218910 11 false true true RuffaloCODY LLC PO Box 3018 CEDAR RAPIDS IA 52406 FUNDRAISING SERVICES 554676 Ernst Young 401 East Jackson Street TAMPA FL 33602 ACCOUNTING 130922 2 504980 1707885 48882159 3091985 51095024 Registration/Administration 561110 579691 579691 579691 4363373 4363373 0 81465 81465 100741732 69955 101664805 324995 -923073 -255040 -1178113 -1178113 156851 504980 1383133 -1226282 -1226282 0 0 REFUNDABLE ADVANCE 541800 4100000 4100000 PARTNERSHIP INCOME 900099 49191 49191 ADVERTISING 900099 15669 15669 1686826 1686826 5851686 59566844 6366517 64860 2040443 15953711 15953711 13350 13350 5000 5000 0 518153 169394 348759 0 14610233 7799643 2507098 4303492 863571 32 272106 591433 571578 253069 318509 798723 256798 197826 344099 0 60064 12017 48047 134422 3500 130922 0 611925 611925 0 1138487 995868 87221 55398 1002430 975004 10466 16960 2600579 1821911 355817 422851 1515143 1285936 204609 24598 0 937791 302197 635158 436 2945650 2488698 32769 424183 0 897090 845148 36564 15378 10316 10309 7 0 520329 520329 118602 45993 72609 Entertainment 2759322 2486381 12388 260553 PROV FOR UNCOLLECT. 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SPENDING FROM THE FOUNDATION'S ENDOWMENTS SUPPORTS THE ACADEMIC ACTIVITIES OF THE UNIVERSITY INCLUDING SCHOLARSHIPS AND PROGRAMS. Fin 48 Footnote Schedule D, Part XIV 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 XII, Line 4b EXPENSES RELATED TO FUNDRAISING EVENTS OF $1,383,133 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 XIII, Line 2d EXPENSES RELATED TO FUNDRAISING EVENTS OF $1,383,133 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 38248261 North America Investments N/A 14442007 East Asia and the Pacific Investments N/A 4638384 Europe (Including Iceland and Greenland) Investments N/A 25224536 82553188 82553188 true false false false true 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 SOLICIT. false 896286 611925 284361 896286 611925 284361 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 VA WA WV WI 7 DAYS OPEN NGT 257198 211150 46048 5930 100 422596 RINGLING ARTS 225305 219763 5542 14156 14826 792228 9 179328 74067 105261 41258 23159 68880 661831 504980 156851 61344 38085 1283704 1383133 -1226282 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 TO ALSO INCREASE DONOR AWARENESS WITH HOPE OF FUTURE CONTRIBUTIONS IN SUPPORT OF OUR MISSION. true Big Bend Hospice 1723 Mahan Center Blvd Tallahassee FL 32308 592328806 501(C)(3) 20810 The Florida State University 600 West College Avenue Tallahassee FL 32306 591961248 501(C)(3) 14282267 552553 FMV COMP, EQUIP, FURN. SCHOLARSHIP SUPPORT The Florida State University Alumni Assoc 1030 W Tennessee St Tallahassee FL 32304 590705420 501(C)(3) 138000 PROGRAM SUPPORT Seminole Boosters PO Box 1353 Tallahassee FL 32302 591561180 501(C)(3) 86656 SCHOLARSHIP SUPPORT The Florida State Real Estate Foundation 2010 Levy Ave Bldg B Suite 300 Tallahassee FL 32310 452337977 501(C)(3) 620000 FMV REAL ESTATE PROGRAM SUPPORT The Florida State University Research Fdn 2000 Levy Avenue Tallahassee FL 32310 593211153 501(C)(3) 141504 RESEARCH SUPPORT National Restaurant Assoc Education Fdn 175 W Jackson Blvd Ste 1500 Chicago IL 60604 366103388 501(C)(3) 10000 Southern Scholarship House 322 Stadium Drive Tallahassee FL 32304 590939481 501(C)(3) 12816 SCHOLARSHIP SUPPORT University of Central Florida 4000 Central Florida Blvd Orlando FL 32816 592924021 501(C)(3) 6169 SCHOLARSHIP SUPPORT University of Florida Financial Aid S-107 Criser Hall Gainesville FL 32611 596002052 501(C)(3) 19762 SCHOLARSHIP SUPPORT University of North Florida 4567 St Johns Bluff Road South Jacksonville FL 32224 592976169 501(C)(3) 10932 SCHOLARSHIP SUPPORT University of South Florida 4202 E Fowler Ave ADM131 Tampa FL 33620 591561180 501(C)(3) 6594 SCHOLARSHIP SUPPORT 12 Donation 1 250 Industry Award 9 7400 Travel Stipend - Academic Support 3 5700 Form 990, Schedule I, Question #1 Maintenance of records to substantiate grants or assistance THE UNIVERSITY OVERSEES THE GRANT PROCESS. UNIVERSITY PERSONNEL DETERMINE WHO WILL RECEIVE AWARDS AND HOW THEY ARE AWARDED. THE UNIVERSITY THEN 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. FORM 990, SCHEDULE I, QUESTION 2 DESCR. OF ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANTS 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 X true true X X false false false false false false false false false Thomas Jennings 273073 24315 25029 14738 337155 0 Gerald J Ganz Jr 143342 12737 12815 168894 0 Perry Fulkerson 172879 9251 27792 9310 219232 0 Mark Pankey 128397 7217 21698 13877 171189 0 Jeanne Pecha 135134 3969 18514 4760 162377 0 Patrick J Crowley 126716 5162 19356 9297 160531 0 BENEFITS SCHEDULE J, PART I, LINE 1A Charter flights are provided for the Foundation president to attend scheduled meetings when commercial travel alternatives are not available. When charter flights are used, other 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, 2012, THE FOUNDATION'S CFO, GERALD J. GANZ, JR. WAS AN EMPLOYEE OF FLORIDA STATE UNIVERSITY. HIS TOTAL COMPENSATION FOR CALENDAR YEAR 2011 WAS $168,894. DURING A PORTION OF THE FISCAL YEAR ENDED JUNE 30, 2012, THE FOUNDATION'S PRESIDENT, THOMAS W. JENNINGS, II, WAS AN EMPLOYEE OF FLORIDA STATE UNIVERSITY. HIS TOTAL COMPENSATION PAID BY FLORIDA STATE UNIVERSITY FOR CALENDAR YEAR 2011 WAS $337,155. FLORIDA STATE UNIVERSITY HAS BEEN DETERMINED TO BE AN UNRELATED ORGANIZATION FOR PURPOSES OF FORM 990 REPORTING. X 2 APPRAISAL X 1 16500 EXPERT'S OPINION X 1 750000 COST/SELLING PRICE X 28 442305 SALE OF COMPARABLES X 1 380000 EXPERT'S OPINION X 3 81760 EXPERT'S OPINION X 1 32000 EXPERT'S OPINION X EQUIPMENT & SUPPLIES 22 207613 SALE OF COMPARABLES X SOFTWARE/MEDIA 7 1173144 SALE OF COMPARABLES X CATERED FOOD 1 53 COST/SELLING PRICE 0 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). DESCRIPTION OF SIGNIFICANT CHANGES TO ORGANIZING OR ENABLING DOCUMENT FORM 990, PART VI, QUESTION 4 THE FOUNDATION'S BY-LAWS WERE REVISED AS OF MAY 18, 2012. CHANGES WERE MADE TO THE TERMS SERVED BY TRUSTEES. PREVIOUSLY A TRUSTEE WAS ELECTED TO A TWO YEAR TERM AND COULD BE RE-ELECTED TWICE AND SERVE FOR A TOTAL OF SIX YEARS. NOW A TRUSTEE IS ELECTED TO A THREE YEAR TERM AND CAN BE RE-ELECTED ONCE FOR A TOTAL OF SIX YEARS. DESCRIBE THE PROCESS USED BY MANAGEMENT &/OR GOV. 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 FOUNDATION'S 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 FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE FOUNDATION'S FORM 990 AND FORM 990-T ARE AVAILABLE ON THE FOUNDATION'S WEBSITE AND UPON REQUEST. OTHER CHANGES IN NET ASSETS OR FUND BALANCES FORM 990, PART XI, RECONCILIATION OF NET ASSETS UNREALIZED GAINS - (13,248,220) FORM 990, PART XI, RECONCILIATION OF NET ASSETS UNREALIZED GAINS - (13,248,220)