2013-05-09T15:03:43-05:00 2012-06-30 420714325 MCGLADREY LLP 7351 OFFICE PARK PL MELBOURNE FL 32940 990 2011-07-01 596211832 UNIVERSITY OF CENTRAL FLORIDA FOUNDATION INC UNIV 4078821220 12424 RESEARCH PARKWAY NO 140 ORLANDO FL 32826 ALBERT J FRANCIS II CPA 4078821220 2013-05-06 THERESA A BURDINE CPA P00362629 3217516200 2011 2016-02-25 16:41:14Z ALBERT J FRANCIS II 12424 RESEARCH PARKWAY SUITE 140 ORLANDO FL 32826 52269876 0 X WWW.UCFFOUNDATION.ORG X 1968 FL THE UCF FOUNDATION ENCOURAGES, STEWARDS AND CELEBRATES CHARITABLE (CONTINUED ON SCHEDULE O) CONTRIBUTIONS FROM ALUMNI AND FRIENDS TO SUPPORT THE UNIVERSITY OF CENTRAL FLORIDA. THE FOUNDATION ENHANCES RELATIONSHIPS WITH ALUMNI, FRIENDS, FACULTY, STAFF AND COMMUNITY PARTNERS. THE FOUNDATION SECURES AND MANAGES CHARITABLE RESOURCES FOR THE UNIVERSITY AND ALWAYS ACTS WITH INTEGRITY AND HONESTY. 36 34 0 600 158140 85946 18829145 21373139 2030644 2267964 4845537 5102504 2973082 2693979 28678408 31437586 11808071 10605038 0 0 9691460 9303431 106230 301699 4879305 5227007 5174472 26832768 25384640 1845640 6052946 245947887 244702385 39944268 38657279 206003619 206045106 X THE UCF FOUNDATION ENCOURAGES, STEWARDS AND CELEBRATES CHARITABLE CONTRIBUTIONS FROM ALUMNI AND FRIENDS TO SUPPORT THE UNIVERSITY OF CENTRAL FLORIDA. THE FOUNDATION ENHANCES RELATIONSHIPS WITH ALUMNI, FRIENDS, FACULTY, STAFF AND COMMUNITY PARTNERS. (CONTINUED ON SCH O) THE FOUNDATION SECURES AND MANAGES CHARITABLE RESOURCES FOR THE UNIVERSITY AND ALWAYS ACTS WITH INTEGRITY AND HONESTY. 0 0 4433661 4429839 1740092 ATHLETICS EXPENSES PAID IN SUPPORT OF THE UNIVERSITY OF CENTRAL FLORIDA ATHLETICS PROGRAM ENHANCE THE OVERALL ACADEMIC AND ATHLETIC EXPERIENCE FOR STUDENTS AND HELPS PROVIDE FUNDS NECESSARY FOR UCF ATHLETICS TO CONTINUE DEVELOPING A NATIONALLY COMPETITIVE ATHLETICS PROGRAM. FUNDS HELP ASSIST UCF ATHLETICS IN PROVIDING THE RESOURCES NECESSARY FOR UCF STUDENT ATHLETES TO SUCCEED IN THE CLASSROOM AND IN COMPETITION. 3891142 2985168 7829 ACADEMIC EXPENSES PAID IN SUPPORT OF THE UNIVERSITY OF CENTRAL FLORIDA PROGRAMS INCLUDE FUNDING FOR PROGRAM EXPENSES AND SALARIES FOR UNIVERSITY EMPLOYEES. ACADEMIC SUPPORT HELPS THE UNIVERSITY'S OUTSTANDING FACULTY INSPIRE STUDENTS, FOSTER AND ENHANCE STRONG ACADEMIC PROGRAMS, AND SERVE AS A KEY ELEMENT TO INSTITUTIONAL GREATNESS. ENDOWED CHAIRS, EMINENT SCHOLARS, AND DISTINGUISHED PROFESSORS ARE PRESTIGIOUS ACADEMIC POSITIONS HELD BY THE UNIVERSITY'S MOST ACCOMPLISHED FACULTY. SPENDING TO SUPPORT THESE POSITIONS MEANS THAT ACADEMIC EXCELLENCE WILL BE MAINTAINED AND SUPPORT FOR RESEARCH PROJECTS AND INNOVATIVE PROGRAMS ARE AT THE HEART OF THE UCF LEARNING EXPERIENCE. OPPORTUNITIES, CURRICULUM DEVELOPMENT, INTERNSHIPS, INTERDISCIPLINARY WORK, EXPERIENTIAL LEARNING, (CONTINUED ON SCH O) AND ACADEMIC ENRICHMENT ALL REQUIRE PRIVATE SUPPORT. 2803976 2773295 607 STUDENT AID - THE UCF FOUNDATION IS DEDICATED TO ENRICHING THE LIVES OF UCF STUDENTS; THEREFORE, THE FOUNDATION SOLICITS DONATIONS TO SUPPORT SCHOLARSHIPS TO BENEFIT UCF STUDENTS. SCHOLARSHIPS ARE DESIGNED TO REWARD, ENCOURAGE AND ASSIST STUDENTS IN PURSUING ACADEMIC EXCELLENCE. SCHOLARSHIPS HELP ATTRACT A DIVERSE STUDENT BODY THAT CONTINUES TO BRING VARIOUS TALENTS AND AMBITIOUS GOALS TO ALL FACETS TO THE UNIVERSITY. SCHOLARSHIP FUNDS ARE TRANSFERRED TO THE UNIVERSITY FOR ADMINISTRATION AND PROCESSING. 3999193 416736 1121040 3999193 416736 1121040 15127972 1 1 0 1 0 0 1 0 0 1 1 0 0 0 1 0 1 0 0 0 1 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 0 1 51 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 X 36 34 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 0 0 0 NJ NY OR NH X X ALBERT J FRANCIS II 4078821220 12424 RESEARCH PARKWAY SUITE 140 ORLANDO FL 32826 JUDY ALBERTSON 1.00 X 0 0 0 RICHARD O BALDWIN JR 1.00 X 0 0 0 SCOTT BUESCHER 1.00 X 0 0 0 HANY GIRGIS 1.00 X 0 0 0 JAMES R HOPES 1.00 X 0 0 0 PHYLLIS KLOCK 1.00 X 0 0 0 RONALD C THOW 1.00 X 0 0 0 RAJESH S TOLETI 1.00 X 0 0 0 RICK WALSH 1.00 X 0 0 0 JEAN GOULD 1.00 X 0 0 0 RITA LOWNDES 1.00 X 0 0 0 JORGE LOPEZ 1.00 X 0 0 0 ANTHONY CONNELLY 1.00 X 0 0 0 JAMES A JAHNA SR 1.00 X 0 0 0 NELSON J MARCHIOLI 1.00 X 0 0 0 MARGERY L PABST 1.00 X 0 0 0 JOHN R SPROULS 1.00 X 0 0 0 MARK CALABRESE 1.00 X 0 0 0 MARCOS MARCHENA 1.00 X X 0 0 0 LARRY TOBIN 1.00 X X 0 0 0 RITA ADLER 1.00 X 0 0 0 MELANIE FERNANDEZ 1.00 X X 0 0 0 JAMES FERRELL 1.00 X X 0 0 0 GEORGE GLANCE 1.00 X 0 0 0 SURESH GUPTA 1.00 X 0 0 0 ANTHONY NICHOLSON 1.00 X 0 0 0 HAROLD MILLS 1.00 X 0 0 0 MANHAR R RAMA 1.00 X 0 0 0 KEVIN BARKMAN 1.00 X 0 0 0 BEAT KAHLI 1.00 X 0 0 0 JIM ATCHISON 1.00 X 0 0 0 LARRY CHASTANG 1.00 X 0 0 0 CAROL CRAIG 1.00 X 0 0 0 GERALD RUTBERG 1.00 X 0 0 0 KENNETH BRADLEY 1.00 X 0 0 0 JOANNE PUGLISI 1.00 X 0 0 0 MICHAEL MANGLARDI 1.00 X X 0 0 0 MICHAEL J GRINDSTAFF 1.00 X X 0 0 0 DR JOHN C HITT 1.00 X 0 0 0 ROBERT J HOLMES 40.00 X 272220 0 37261 BEN MCMAHAN 40.00 X 163925 0 31759 GEORGE A YEARWOOD 40.00 X 94995 0 22121 ALBERT FRANCIS II 40.00 X 9195 0 152 JOYCE HENCKLER 40.00 X 175187 0 29724 THOMAS MESSINA 40.00 X 146559 0 25527 MARGARET JARRELL-COLE 40.00 X 145967 0 13419 JAMES STEWART 40.00 X 132663 0 25283 JEFF ULMER 40.00 X 132718 0 24583 KARA FLEHARTY SCHULTZ 40.00 X 116807 0 29565 1390236 0 239394 8 0 1 1 MECHANICAL SERVICES OF CENTRAL FLORIDA 9820 SATELLITE BLVD ORLANDO FL 32837 HVAC/MECHANICAL SERVICES 712191 CUSHMAN & WAKEFIELD 12424 RESEARCH PARKWAY ORLANDO FL 32826 BLDG MANAGEMENT SERVICES 534362 D & A BUILDING SERVICES INC 321 GEORGIA AVENUE LONGWOOD FL 32750 MAINTENANCE 373721 MACDADE CONSTRUCTION INC 1200 S SANFORD AVENUE SANFORD FL 32771 CONSTRUCTION 367297 BENTZ WHALEY FLESSNER & ASSOCIATES 7251 OHMS LANE MINNEAPOLIS MN 55439 CONSULTING SERVICES 283159 14 2577291 161019 6883612 11751217 47442 21373139 PROGRAM REVENUES 611710 2243500 2243500 24464 24464 2267964 2854233 2854233 244368 53749 190619 9020542 6753165 2267377 2267377 2267377 16152394 13904123 2248271 2248271 2248271 230816 161019 165402 65414 65414 12704 9600 3104 3104 ADVERTISING REVENUE 541800 101287 101287 MISCELLANEOUS 900099 12429 12429 113716 31437586 2280393 158140 7625914 10530481 10530481 74557 74557 864403 374930 489473 6723613 1675206 2808326 2240081 387215 72413 151975 162827 897936 142567 405359 350010 430264 77722 176281 176261 93821 34509 59312 129500 129500 156560 156560 301699 301699 227432 227432 615260 385688 163545 66027 261337 148355 17839 95143 527500 238536 112654 176310 347946 14431 316788 16727 333285 218347 15469 99469 585534 416163 25205 144166 243342 173942 69400 161614 6667 154947 69496 22743 44609 2144 BANQUETS AND RECEPTIONS 467521 281761 4002 181758 PRINTING & REPRODUCTION 230207 25582 6811 197814 FACILITY/OTHER RENTALS 174088 63764 55538 54786 DUES & SUBSCRIPTIONS 168551 85075 8137 75339 381478 282903 49304 49271 25384640 15127972 5377363 4879305 102100 102100 16418068 16012879 4800688 7608727 251205 143003 128905 1325347 677122 90702296 16397005 74579009 74305291 141265340 138773639 7026061 6797014 180069 153705 245947887 244702385 2106651 2227016 112459 52964 2564969 2750928 24906479 24455297 9249612 8184608 1004098 986466 39944268 38657279 X 50116252 47542936 43204001 44282745 112683366 114219425 206003619 206045106 245947887 244702385 X 6052946 -6011459 X X 0 1 1 X 0 X 30259329 14964623 9517813 18829145 21373139 94944049 30259329 14964623 9517813 18829145 21373139 94944049 1234650 93709399 9979551 8430141 6511937 5469582 5026512 35417723 211458 1013399 210210 165722 167740 1768529 478611 132621 3757 2469 12429 629887 132760188 6038155 0.70590 0.65230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 0 0 0 0 0 1 156560 156560 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: THE FOUNDATION PROVIDES FUNDING FOR GOVERNMENTAL RELATIONS AND LOBBYING EFFORTS ON BEHALF OF THE UNIVERISTY. THE GOVERNMENT RELATIONS INCLUDE CULTIVATING, MAINTAINING, AND ENHANCING THE LINK BETWEEN UCF AND THE VARIOUS PULBICS IT SERVES AND TO CREATE AND IMPLEMENT COMMUNITY-BASED PROGRAMS. THIS IS TO INCREASE KNOWLEDGE AND UNDERSTANDING OF THE UNIVERSITY WITHIN KEY EXTERNAL COMMUNITIES. X 1 0.25 0 0 0 1 0 1.00 0 127134563 1684967 -1449380 467687 1314973 2958021 122629469 102788478 4725682 23420200 173029 967696 2659071 127134564 92261535 2017999 11461317 72140 614850 2265383 102788478 115271254 3017683 -19660744 953120 3410961 2002577 92261535 0.01260 0.98740 0.00000 0 0 47640384 47640384 33617919 10779800 22838119 7652503 4474306 3178197 634322 603629 30693 1157168 539270 617898 74305291 COMPENSATED ABSENCES 424855 TENANT SECURITY & KEY DEPOSIT 32326 ANNUITY PAYMENT LIABILITY 529285 986466 31437586 25384640 6052946 -6011459 -6011459 41487 32126862 -6011459 6928167 916708 31210154 227432 227432 31437586 32085375 6928167 6928167 25157208 227432 227432 25384640 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS INCLUDE THE FOLLOWING FOOTNOTE. AS PERMITTED BY GOVERNMENT ACCOUNTING STANDARDS BOARD (GASB) STATEMENT NUMBER 20, ACCOUNTING AND FINANCIAL REPORTING FOR PROPRIETARY FUNDS AND OTHER GOVERNMENTAL ENTITIES THAT USE PROPEIETARY FUND ACCOUNTING, THE FOUNDATION HAS ELECTED TO NOT APPLY FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) STATEMENTS AND INTERPRETATIONS ISSUED AFTER NOVEMBER 30, 1989. THEREFORE, THE FOUNDATION IS NOT SUBJECT TO FIN 48. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSES NETTED AGAINST RENT REVENUE 6,753,165. FUNDRAISING EXPENSE NETTED AGAINST REVENUE 165,402. MERCHANDISE SALES EXPENSE NETTED AGAINST REVENUE 9,600. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES 227,432. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSES NETTED AGAINST RENT REVENUE 6,753,165. FUNDRAISING EXPENSES NETTED AGAINST REVENUE 165,402. MERCHANDISE SALES EXPENSE NETTED AGAINST REVENUE 9,600. PART XIII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES 227,432. PART II - CONSERVATION EASEMENT - THE FOUNDATION HAS ONE CONSERVATION EASEMENT (50 FOOT CONSERVATION EASEMENT FOR DRAINAGE ALONG THE EASTERLY BOUNDARY OF THE PROPERTY), WHICH WAS INCLUDED IN THE VALUE OF THE LAND ON THE FOUNDATION'S BALANCE SHEET. PART V - ENDOWMENT FUNDS - THE FOUNDATION AUTHORIZES SPENDING FROM ITS ENDOWMENT TO SUPPORT THE UNIVERSITY'S STUDENT SCHOLARSHIPS, ACADEMIC CHAIRS, PROFESSORSHIPS, AND ACADEMIC PROGRAMS. CENTRAL AMERICA/CARIBBEAN 0 0 PROGRAM SERVICES UCF PROGRAM SERVICE 19000 0 0 0 0 0 0 19000 0 19000 0 0 0 0 0 0 X X X X X X X 1 SUSAN SHULLAW & ASSOCIATES PO BOX 2328 IOWA CITY IA 52240 CONSULTANTS 0 0 28494 0 BENTZ WHALEY FLESSNER & ASSOCIATES 7251 OHMS LANE MINNEAPOLIS MN 55439 CONSULTANTS 0 0 270800 0 299294 AL AR CT FL GA HI IL KS MN MS MO NH NJ NY NC OH OR PA TN VA WI GOLF FUNDRAISER 153685 49994 103691 0 770 45000 8228 0 21937 FOOTBALL KICKOFF LUNCHEON 90265 33894 56371 0 0 14272 0 0 17812 11 145035 74966 70069 0 2635 14867 16724 3125 14219 388985 158854 230131 3405 74139 24952 3125 53968 159589 70542 GROSS RECEIPTS REPORTING - PART I, LINE 2B THE FOUNDATION USED THE FOLLOWING FUNDRAISERS FOR THE CURRENT TAX YEAR: FOR BENTZ, WHALEY, FLESSNER & ASSOCIATES AND FOR SUSAN SHULLAW & ASSOCIATES THERE WILL BE NO GROSS RECEIPTS GENERATED FROM THESE VENDORS SINCE THESE VENDORS ARE PROVIDING RESEARCH SUPPORT AND CONSULTING SERVICES TO THE FOUNDATION'S DEVELOPMENT OFFICE REGARDING SOLICITATION STRATEGIES. IN ADDITION TO PROFESSIONAL FEE EXPENSES PAID TO BENTZ, WHALEY, FLESSNER AND ASSOCIATES, THE FOUNDATION REIMBURSED THE COMPANY $12,359 FOR BUSINESS TRAVEL AND INCIDENTAL EXPENSES IN ACCORDANCE WITH THE CONTRACT. 0 UNIVERSITY OF CENTRAL FLORIDA 4000 CENTRAL FLORIDA BLVD ORLANDO FL 32816 592924021 501(C)(3) 6523187 FUNDING FOR PROGRAMS & SCHOLARSHIPS UCF GOLDEN KNIGHTS CORPORATION INC PO BOX 163555 ORLANDO FL 32826 203794571 501(C)(3) 1167222 ATHLETIC STADIUM SUPPORT UCF CONVOCATION CORPORATION INC 4000 CENTRAL FLORIDA BLVD ORLANDO FL 32816 161733312 501(C)(3) 405554 CONVOCATION CENTER SUPPORT UCF ATHLETIC ASSOCIATION INC PO BOX 163555 ORLANDO FL 32826 592334448 501(C)(3) 2297740 ATHLETIC SCHOLARSHIP & PROGRAM SUPPORT UNIVERSITY CENTRAL FLORIDA RESEARCH FOUNDATION 12201 RESEARCH PARKWAY ORLANDO FL 32826 593086453 501(C)(3) 136778 RESEARCH ACTIVITY SUPPORT 5 BOOKS FOR STUDENTS 1103 7699 PURCHASE PRICE BOOKS FOR STUDENTS TRAVEL & REGISTRATION PAYMENTS FOR VARIOUS STUDENTS 277 59293 PURCHASE PRICE TRAVEL/REGISTRATION TICKETS, CLOTHES, MEALS AND MISC FOR STUDENTS 265 7565 PURCHASE PRICE TICKETS/CLOTHES/MEAL FORM 990, SCHEDULE I DESCRIPTION OF ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANTS. THE FOUNDATION MAINTAINS THE APPROVED EXPENDITURE REQUEST WHICH SUBSTANTIATE THE GRANT AMOUNTS PROVIDED TO THE RECIPIENTS. THE FOUNDATION MAINTAINS DONOR INFORMATION, RELATED CONTRIBUTION DOCUMENTATION, AND ANY DONOR RESTRICTIONS OUTLINED BY THE DONOR INCLUDING SCHOLARSHIP CRITERIA. THE GRANTS ARE MADE TO THE UNIVERSITY OR UNIVERSITY AFFILIATED ENTITIES AND THE FOUNDATION RELIES ON THE POLICIES, PROCEDURES, AND CONTROLS ESTABLISHED BY THESE ENTITIES FOR EXPENDITURE TRACKING AND PROPER ADMINISTRATION OF THE GRANTS FOR SCHOLARSHIP AWARDS. X X X 1 1 X 0 0 0 0 0 0 0 0 0 ROBERT J HOLMES 240740 0 22614 0 8866 0 0 22446 0 14815 272220 37261 0 0 BEN MCMAHAN 162953 0 0 0 972 0 0 15325 0 16434 163925 31759 0 0 JOYCE HENCKLER 166576 0 0 0 8611 0 0 15353 0 14371 175187 29724 0 0 THOMAS MESSINA 142449 0 0 0 4110 0 0 12712 0 12815 146559 25527 0 0 MARGARET JARRELL-COLE 138255 0 0 0 7712 0 0 13307 0 112 145967 13419 0 0 JAMES STEWART 130729 0 0 0 1934 0 0 12468 0 12815 132663 25283 0 0 JEFF ULMER 124676 0 0 0 8042 0 0 11768 0 12815 132718 24583 0 0 PART I, LINE 1A SUPPLEMENTAL COMPENSATION INFORMATION - 1) FIRST-CLASS OR CHARTER TRAVEL - FIRST CLASS TRAVEL PROVIDED TO THE PRESIDENT OF THE UNIVERSITY FOR HEALTH REASONS AND TO ACCOMODATE PREPARATION FOR MEETINGS. CHARTER FLIGHTS ARE PROVIDED FOR THE PRESIDENT AND OTHER EXECUTIVE LEADERSHIP TO TRAVEL TOGETHER AND SUFFICIENTLY PREPARE EN ROUTE TO MEETINGS. 2) TAX INDEMNIFICATION AND GROSS UP PAYMENTS - FOR VARIOUS UNIVERSITY EMPLOYEES, THE FOUNDATION MADE SUPPLEMENT PAYMENTS WHICH INCLUDED GROSSED-UP AMOUNTS FOR TAX PURPOSES. THE TOTAL GROSSED-UP AMOUNTS WERE INCLUDED IN THE EMPLOYEES' REPORTABLE TAXABLE COMPENSATION. 3) HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES - THE FOUNDATION PROVIDES CERTAIN SOCIAL CLUB MEMBERSHIPS FOR FUNDRAISING, DONOR CULTIVATION, OR OTHER BUSINESS PURPOSES. THE PERSONAL PORTION OF THE MEMBERSHIPS IS INCLUDED IN THE INDIVIDUALS' TAXABLE COMPENSATION. SUPPLEMENTAL INFORMATION PART III SCHEDULE J, PART II 1) ALL THE EMPLOYEES LISTED IN SCHEDULE J ARE EMPLOYEES OF THE UNIVERSITY OF CENTRAL FLORIDA WHICH HAS BEEN DETERMINED TO BE AN UNRELATED ORGANIZATION FOR PURPOSES OF 990 REPORTING. 2) DURING THE FISCAL YEAR, THE FOUNDATION PAID $490,101 TO THE UNIVERSITY RELATED TO COMPENSATION FOR DR. JOHN HITT, UCF PRESIDENT. IN ADDITION, THE FOUNDATION PAID FOR OTHER BENEFITS SUCH AS MEMBERSHIPS AND AN AUTOMOBILE LEASE WHICH WERE REPORTED TO UCF PAYROLL. UNIVERSITY OF CENTRAL FLORIDA FOUNDATION INC 596211832 2008-12-30 10400000 REFUND PRIOR ISSUE 2008 0 0 0 UNIVERSITY OF CENTRAL FLORIDA FOUNDATION INC 596211832 2009-12-17 12540000 REFUND PRIOR ISSUE 2009 0 0 0 930000 10400000 2008 1 0 1 1 12433674 106326 2009 1 0 1 1 0 1 0 1 1 0.00000 0.03890 0.03890 1 0 1 0 1 1 0.00000 0.04830 0.04830 0 0 0 0 0 0 0 0 0 0 0 0 0 FORM 990, SCHEDULE K, PART II ON DECEMBER 17, 2009, THE FOUNDATION ENTERED INTO A $12,540,000 TAX-EXEMPT NOTE AMD A $7,385,000 TAXABLE NOTE RELATED TO THREE PROPERTIES. THE FOUNDATION IS MAKING PRINCIPAL PAYMENTS ON THE TAXABLE NOTE FIRST; THEREFORE, AS REFLECTED IN SCHEDULE K, THERE HAS BEEN NO PRINCIPAL PAYMENTS MADE TOWARD THE TAX-EXEMPT NOTE. DR JOHN HITT EX-OFF DIR OF UCFF 432247 SUNTRUST ORLANDO (SEE SCHEDULE O) 0 LARRY TOBIN DIRECTOR OF UCFF 195332 LOAN PYMT TO FAIRWINDS (SEE SCHEDULE O) 0 PART IV BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS - DR. JOHN HITT DR HITT IS A DIRECTOR OF SUNTRUST, CENTRAL FLORIDA. THE UCF FOUNDATION PREVIOUSLY OBTAINED SEVERAL REAL ESTATE LOANS FROM SUNTRUST BANKS AND MADE PRINCIPAL AND INTEREST PAYMENTS DURING THE CURRENT YEAR TO SUNTRUST BANKS FOR THESE LOANS. IN ADDITION, THE UCF FOUNDATION HAS MADE PAYMENTS TO SUNTRUST BANKS FOR CUSTODIAL SERVICES RELATED TO THE FOUNDATION'S INVESTMENTS. PART IV BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS - LARRY TOBIN MR TOBIN IS PRESIDENT AND CEO OF FAIRWINDS CREDIT UNION. THE FOUNDATION OBTAINED A LINE OF CREDIT FROM FAIRWINDS CREDIT UNION IN 2004. A COMPETITIVE REQUEST FOR PROPOSALS WAS ISSUED TO BANK AND CREDIT INSTITUTIONS FOR THE CONSTRUCTION OF THE ALUMNI CENTER, WITH FAIRWINDS PROVIDING THE MOST FAVORABLE TERMS. SUBSEQUENT TO THIS TRANSACTION, DURING 2009, MR TOBIN BECAME A MEMBER OF THE FOUNDATION'S BOARD OF DIRECTORS. THE TRANSACTION AMOUNT RELATES TO PAYMENTS OF PRINCIPAL AND INTEREST RELATED TO THE BANK LOAN ORIGINALLY OBTAINED FOR THE CONSTRUCTION. X 6 0 X 0 X 0 X 1285 48077 FMV WHEN RECEIVED X 20 0 X EQUIPMENT 11 0 X SUPPLIES 40 0 1 0 1 1 THIRD PARTY USE: PART I, LINE 32B: SCHEDULE M, LINE 32B: PART I, LINE 32A - USE OF THIRD PARTY TO SELL NONCASH CONTRIBUTIONS. THE FOUNDATION INSTRUCTS SUNTRUST, AS CUSTODIAN OF ITS INVESTMENTS, TO SELL ANY STOCK GIFTS RECEIVED BY THE FOUNDATION. STOCKS ARE VALUED AT THE AVERAGE OF THE HIGH AND LOW MARKET PRICE ON THE DAY OF RECEIPT. PART I, TYPES OF PROPERTY LINE 1 ART - THE FOUNDATION RECEIVED SEVERAL DONOR GIFT IN-KIND CONTRIBUTIONS DURING THE YEAR INCLUDING SEVERAL PIECES OF ART WORK. THESE GIFTS IN-KIND PASSED THROUGH THE FOUNDATION TO THE UNIVERSITY AND ARE NOT INCLUDED IN THE FOUNDATION'S REVENUE BECAUSE THE FOUNDATION SERVES ONLY AS AN AGENT FOR THE UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING BOARD OF DIRECTORS HAVE BUSINESS RELATIONSHIPS: JAMES ATCHISON HAS A BUSINESS RELATIONSHIP WITH MICHAEL GRINDSTAFF FORM 990, PART VI, SECTION B, LINE 11 THE FOLLOWING IS THE REVIEW AND DISTRIBUTION PROCESS FOR THE FOUNDATION'S ANNUAL FORM 990. THIS PROCESS SHALL BE FOLLOWED EACH YEAR PRIOR TO FILING THESE DOCUMENTS WITH THE IRS: 1. THE CFO AND CEO SHALL REVIEW BOTH THE FORM 990 AND THE FORM 990-T AND RESOLVE ANY OUTSTANDING ISSUES OR QUESTIONS WITH THE INDEPENDENT ACCOUNTING FIRM REVIEWING OR PREPARING THE FORMS BEFORE DISTRIBUTION TO THE AUDIT COMMITTEE OR THE BOARD. IT IS THE CFO'S AND CEO'S RESPONSIBILITY TO CONFIRM THAT THESE FORMS DO NOT CONTAIN ANY UNTRUE STATEMENTS OR OMIT ANY MATERIAL FACTS AS WELL AS ENSURE THE FINANCIAL INFORMATION FAIRLY REPRESENTS THE FOUNDATION'S FINANCIAL CONDITION FOR THE PERIOD BEING REPORTED. 2. THE AUDIT COMMITTEE SHALL REVIEW THE DRAFT FORM 990 PRIOR TO FILING WITH THE IRS AND SHALL DOCUMENT THEIR DISCUSSION AND REVIEW OF THE DOCUMENTS IN THE COMMITTEE MEETING MINUTES. FINAL REVIEW OF THE FORM 990 IS SPECIFICALLY DELEGATED TO THE AUDIT COMMITTEE AND NO FURTHER REVIEW SHALL BE REQUIRED BEFORE SUCH FORMS ARE FILED WITH THE IRS. 3. THE DRAFT FORM 990 SHALL BE PROVIDED TO EACH VOTING BOARD MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. DISTRIBUTION MAY BE IN THE FORM OF ELECTRONIC MAIL, NOTIFICATION LINK TO AN ELECTRONIC WEBSITE, OR ACTUAL MAILING OF THE DOCUMENT. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS, OFFICERS, COMMITTEE MEMBERS AND KEY EMPLOYEES SHALL BE REQUESTED TO COMPLETE AN ANNUAL DISCLOSURE FORM. THIS ANNUAL DISCLOSURE FORM WILL REQUEST SPECIFIC INFORMATION REGARDING THE TERMS OF ANY CONTRACT OR TRANSACTION WITH THE FOUNDATION AND WHETHER PROCESS FOR APPROVAL SET FORTH IN THIS POLICY WAS USED. AN INTERESTED PERSON WHO HAS OR LEARNS ABOUT A POTENTIAL CONFLICT SHOULD DISCLOSE PROMPTLY TO THE CHAIR OF THE BOARD DUE DILIGENCE COMMITTEE AND THE FOUNDATION'S CFO THE MATERIAL FACTS SURROUNDING ANY POTENTIAL CONFLICT OF INTEREST, INCLUDING SPECIFIC INFORMATION CONCERNING THE TERMS OF ANY CONTRACT OR TRANSACTION WITH THE FOUNDATION. ALL EFFORTS SHOULD BE MADE TO DISCLOSE ANY SUCH CONTRACT OR TRANSACTION AND HAVE IT APPROVED BY THE COMMITTEE BEFORE THE ARRANGEMENT IS ENTERED INTO. FOLLOWING RECEIPT OF INFORMATION CONCERNING A CONTRACT OR TRANSACTION INVOLVING A POTENTIAL CONFLICT OF INTEREST, THE BOARD DUE DILIGENCE COMMITTEE SHALL CONSIDER THE MATERIAL FACTS CONCERNING THE PROPOSED CONTRACT OR TRANSACTION, INCLUDING THE PROCESS BY WHICH THE DECISION WAS MADE TO RECOMMEND ENTERING INTO THE ARRANGEMENT ON THE TERMS PROPOSED. THE COMMITTEE SHALL APPROVE ONLY THOSE CONTRACTS OR TRANSACTIONS IN WHICH THE TERMS ARE FAIR AND REASONABLE TO THE FOUNDATION AND THE ARRANGEMENT IS CONSISTENT WITH THE BEST INTEREST OF THE FOUNDATION. FAIRNESS INCLUDES, BUT IS NOT LIMITED TO, THE CONCEPTS THAT THE FOUNDATION SHOULD PAY NO MORE THAN FAIR MARKET VALUE FOR ANY GOODS OR SERVICES WHICH THE FOUNDATION RECEIVES AND THAT THE FOUNDATION SHOULD RECEIVE FAIR MARKET VALUE CONSIDERATION FOR ANY GOODS OR SERVICES THAT IT FURNISHES OTHERS. WHEN AN INTERESTED PERSON BECOMES AWARE OF A PROPOSED CONFLICT OR INTEREST TRANSACTION, HE OR SHE WILL HAVE A DUTY TO TAKE THE FOLLOWING ACTIONS: (A) IMMEDIATELY DISCLOSE THE EXISTENCE AND CIRCUMSTANCES OF SUCH CONFLICT OF INTEREST TRANSACTION TO THE CHAIR OF THE DUE DILIGENCE COMMITTEE AND TO THE FOUNDATION'S CFO; (B) REFRAIN FROM USING HIS OR HER PERSONAL INFLUENCE TO ENCOURAGE THE FOUNDATION TO ENTER INTO THE CONFLICT OF INTEREST TRANSACTION; (C) AND PHYSICALLY RECUSE THEMSELVES FROM PARTICIPATION IN ANY DISCUSSIONS REGARDING THE CONFLICT OF INTEREST TRANSACTION WITH OFFICIALS OF THE FOUNDATION, AT MEETINGS OF THE BOARD OF DIRECTORS, AND WITH OTHER MEMBERS OF THE FOUNDATION COMMUNITY, EXCEPT TO RESPOND TO REQUEST FOR INFORMATION ABOUT THE CONFLICT OF INTEREST TRANSACTION. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE OR SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF AND THE VOTE ON THE TRANSACTION OR ARRANGEMENT THAT RESULT IN THE CONFLICT OF INTEREST. THE UNIVERSITY HUMAN RESOURCES DEPARTMENT REVIEWS COMPARABLE SALARY DATA. MARKET DATA FROM SALARY SURVEY SOURCES IS USED TO ASSIGN AN ACCURATE VALUE TO THE POSITION IN THE EXTERNAL LABOR MARKET. SURVEY MATCHES ARE BASED ON THE PRIMARY JOB DUTIES OF THE POSITION. THE SURVEY DATA PROVIDES SALARY AND DEMOGRAPHIC DATA FOR SELECTED POSITIONS NATION-WIDE AND IS REPORTED IN A STATISTICAL FORMAT INDICATING THE AVERAGE AND MEDIAN SALARIES AND ADDITIONAL PERCENTILES (I.E. 25TH 75TH). THE UNIVERSITY HR DEPARTMENT REVIEWS COMPARABLE SURVEY DATA WHEN AN EMPLOYEE IS HIRED OR PROMOTED. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, 990 TAX DOCUMENTS, AND FINANCIAL STATEMENTS ARE PUBLISHED ON THE FOUNDATION'S WEBSITE OR MAY BE ACCESSED THROUGH THE POLICY IQ SOFTWARE, WHICH CAN ALSO BE ACCESSED FROM THE FOUNDATION'S WEBSITE. THE ABOVE ITEMS ARE ALSO AVAILABLE UPON REQUEST. STATES REQUIRED TO FILE A COPY OF THE 990 FORM 990, PART VI, SECTION C, LINE 17 THE FOLLOWING ARE THE STATES REQUIRED TO REGISTER FOR CHARITABLE SOLICITATION AND PROVIDE A COPY OF THE FORM 990: NEW JERSEY NEW YORK OREGON NEW HAMPSHIRE CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -6,011,459. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE TO EITHER THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. NUMBER OF EMPLOYEES REPORTED ON FORM W3 FORM 990, PART V, LINE 2A ALL EMPLOYEES ARE UNIVERSITY OF CENTRAL FLORIDA EMPLOYEES; THEREFORE, THE UNIVERSITY OF CENTRAL FLORIDA ADMINISTERS THE EMPLOYEE COMPENSATION AND HUMAN RESOURCES PROCESSES. UNIVERSITY OF CENTRAL FLORIDA REAL ESTATE FOUNDATION LLC 12424 RESEARCH PRKY STE 140 ORLANDO FL 32826 596211832 REAL ESTATE FL 0 28702403 N/A KNIGHTS KROSSING STUDENT HOUSING LLC 12424 RESEARCH PRKY STE 140 ORLANDO FL 32826 596211832 REAL ESTATE FL 0 9733000 N/A