2012-11-09T17:59:20-06:00 2012-06-30 453269313 YH ADVISORS INC 7755 CENTER AVENUE SUITE 1225 HUNTINGTON BEACH CA 92647 990 2011-07-01 646022505 UNIVERSITY OF SOUTHERN MS FOUNDATION UNIV 6012665210 118 COLLEGE DRIVE 5210 HATTIESBURG MS 39406 ROBERT D PIERCE II 6012665210 2012-11-09 1 BRIAN YACKER P00401346 3109822806 2011 2016-02-24 21:20:13Z ROBERT D PIERCE II 118 COLLEGE DRIVE 5210 HATTIESBURG MS 39406 47271772 0 X WWW.USMFOUNDATION.COM X 1959 MS TO BUILD RELATIONSHIPS IN ORDER TO SECURE PRIVATE FUNDS FOR THE BENEFIT OF USM. 36 36 0 61 0 0 4878567 20560148 0 0 2448975 1276998 298318 392566 7625860 22229712 5375098 8791674 0 0 0 19919 0 157587 436582 2755704 2352230 8130802 11321410 -504942 10908302 90866124 98276680 1898310 1521088 88967814 96755592 TO BUILD RELATIONSHIPS IN ORDER TO SECURE PRIVATE FUNDS AND OTHER RESOURCES 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. 0 0 8791674 8791674 PROVIDE SCHOLARSHIPS AND TRANSFERS TO SUPPORT THE UNIVERSITY OF SOUTHERN MISSISSIPPI 861982 PROVIDE DESIGNATED ITEMS, COMMODITIES AND CONTRACTURAL SERVICES IN SUPPORT OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI 9653656 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 0 0 1 0 0 1 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 90 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 36 36 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 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 0 0 0 WILLIAM REED ALLISON JR 1.00 X 0 0 0 WILFORD ALBERT PAYNE III 1.00 X 0 0 0 REX E KELLY 1.00 X 0 0 0 LOU ANN POYNTER 1.00 X 0 0 0 RAYMOND E VAN NORMAN 1.00 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 V RATLIFF 1.00 X 0 0 0 JAMES R BROWN 1.00 X 0 0 0 MICHAEL G COLLINS 1.00 X 0 0 0 TRACY A POWELL 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 THOMAS G ESTES JR 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 HOPE P BROOME 1.00 X 0 0 0 DAVID M ESTORGE 1.00 X 0 0 0 ROBERT T JACKSON SR 1.00 X 0 0 0 DOUGLAS SHANE LOPER 1.00 X 0 0 0 ALAN D LUCAS 1.00 X 0 0 0 SEAN P MCGEE 1.00 X 0 0 0 LYNN B MCMAHAN 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 ROBERT D PIERCE II 40.00 X 0 186614 26472 JENNIFER BOUCHER 40.00 X 0 80583 9670 0 267197 36142 0 0 1 0 BLACKBAUD INC PO BOX 930256 ATLANTA GA 311930256 SOFTWARE SERVICES 132303 1 20560148 641486 20560148 1588779 1588779 24567352 162927 24812060 230000 -244708 -67073 -311781 -311781 CSV LIFE INSURANCE 900099 333683 333683 MISCELLANEOUS INCOME 900099 58883 58883 392566 22229712 0 0 1669564 X 8787224 8787224 4450 4450 19919 19919 14750 14750 54000 54000 157587 157587 342595 342595 242241 172880 45831 23530 265339 101111 109410 54818 100498 43398 37286 19814 132597 326 74464 57807 2326 213 2113 191496 145727 13970 31799 237905 140502 48240 49163 19006 19006 108822 108822 166302 166302 CAPITAL OUTLAY 152528 145371 7157 0 MEALS AND ENTERTAINMENT 113279 74259 15151 23869 BAD DEBT 113158 113158 PROF. DEVELOPMENT 32787 15067 10850 6870 62601 23128 28148 11325 11321410 9653656 1231172 436582 527414 1404450 8860282 17605778 0 147401 92160 805433 295747 845508 509686 75666698 73322803 2140212 2326018 2678609 3015785 90866124 98276680 309620 107123 1172113 957113 416577 456852 1898310 1521088 X 4670327 4839149 35074757 39671015 49222730 52245428 88967814 96755592 90866124 98276680 X 10908302 -3120524 X X 0 1 1 X 0 X 4062609 10647023 11419850 4878567 20560148 51568197 4062609 10647023 11419850 4878567 20560148 51568197 7802594 43765603 1233509 1092709 1516625 1763252 1588779 7194874 44013 194068 178178 298318 392566 1107143 59870214 0.73100 0.65850 X SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: SCHEDULE A, PART II, LINE 10, EXPLANATION FOR OTHER INCOME: CSV LIFE INSURANCE $333,683 MISCELLANEOUS INCOME $ 58,883 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 15735 15735 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. THE UNIVERSITY ALSO HOSTS STATE LEGISLATORS ON CAMPUS. TOTAL EXPENDITURES FOR LOBBYING ACTIVITIES FOR THE YEAR WERE $15,735. 63837796 3041146 -3160597 1266770 1004686 61446889 49149641 1413935 10663578 981894 1500117 58745143 45270806 1232898 3704959 556657 502365 49149641 54797922 2316551 -9002892 1150673 1690102 45270806 0.02620 0.87070 0.10310 0 0 247500 247500 11956 5964 5992 545977 289783 256194 509686 GIFT ANNUITIES PAYABLE 456852 456852 22229712 11321410 10908302 -3135460 14936 -3120524 7787778 20351340 -3135460 1697905 -98222 -1535777 21887117 342595 342595 22229712 12563562 1697905 1697905 10865657 342595 113158 455753 11321410 PART XI, LINE 8 - OTHER ADJUSTMENTS: INCREASE IN VALUE OF SPLIT INTEREST AGREEMENTS 14,936. SCHEDULE D, PART XII, LINE 2D INCREASE IN SPLIT INTEREST AGREEMENTS - $14,936 BAD DEBT - ($113,158) SCHEDULE D, PART XIII, LINE 4B BAD DEBT - $113,158 SCHEDULE D, PART V THE DISCREPANCY BETWEEN THE PRIOR YEAR ENDING BALANCE AND THE CURRENT YEAR BEGINNING BALANCE IS A RESULT OF THE RESTATEMENT OF ONE ENDOWMENT FUND. EUROPE 0 0 PROGRAM SERVICES FOREIGN TRAVEL 8799 CANADA 0 0 MANAGEMENT AND GENERAL SUBSCRIPTIONS TO GRANTOR DATABASES 5940 EUROPE 0 0 PROGRAM SERVICES PAYMENT FOR TRANSLATION SERVICES 773 0 0 0 0 0 0 15512 0 15512 0 0 0 0 0 0 FOREIGN TRAVEL SCHEDULE F, PART 1, LINE 3 THE TRAVEL EXPENDITURES WERE FOR THE UNIVERSITY PRESIDENT AND UNIVERSITY REPRESENTATIVES TO TRAVEL TO THE ABBEY PROGRAM AT PONTLEVOY IN FRANCE. SUBSCRIPTIONS TO GRANTOR DATABASES SCHEDULE F, PART 1, LINE 3 DATABASE SERVICE TO SEARCH FOUNDATIONS THAT COULD POTENTIALLY PROVIDE FUNDING TO THE FOUNDATION AS WELL AS A DATABASE SERVICE THAT PROVIDES DONOR AND PROSPECT INFORMATION. PAYMENT FOR TRANSLATION SERVICES SCHEDULE F, PART 1, LINE 3 TRANSLATED FRENCH CORREPSONDENCE RELATED TO DOCUMENTS FOR THE LIBRARY AT THE UNIVERSITY OF SOUTHERN MISSISSIPPI. X 1 RUFFALO CODY 65 KIRKWOOD NORTH ROAD SW PO BOX 30 CEDAR RAPIDS IA 524063018 PHONE SOLICITATION 0 181824 142000 39824 THE STOCKADE CONSULTING GROUP INC 650 FRANKLIN STREET SUITE 201 SCHENECTADY NY 12305 PHONE SOLICITATION 0 0 15587 -15587 181824 157587 24237 THE STOCKADE CONSULTING GROUP, INC. SCHEDULE G, PART I PHONE SOLICITATION ACTIVITIES TOOK PLACE DURING THE FISCAL YEAR ENDING JUNE 30, 2011, THUS THE GROSS RECEIPTS ASSOCIATED WITH THESE ACTIVITIES WERE REPORTED ON THE ORGANIZATION'S 2010 FORM 990. AMOUNTS PAID DURING THE FISCAL YEAR ENDING JUNE 30, 2012 WERE THE FINAL PAYMENTS OWED TO THE FUNDRAISER. 1 THE UNIVERSITY OF SOUTHERN MISSISSIPPI 118 COLLEGE DRIVE 5143 HATTIESBURG MS 39406 646000818 501(C)(3) 8630923 USM PROGRAMS THE UNIVERSITY OF SOUTHERN MISSISSIPPI ATHLETIC FOUNDATION 118 COLLEGE DRIVE 5017 HATTIESBURG MS 39406 640929171 501(C)(3) 153059 USM ATHLETICS 2 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 185000 0 0 0 1614 0 22200 0 4272 0 213086 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 ALL HANDLED BY THE UNIVERSITY. COMPENSATION WAS REVIEWED IN JULY OF 2011 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 31845 QUALIFIED APPRAISAL X 31 595455 AVG STOCK PRICE X 1 2500 FMV X 1 7020 QUALIFIED APPRAISAL X OTHER COLLECTIBLES 1 1250 FMV X VARIOUS 5 3416 FMV 2 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE FOUNDATION EMPLOYS REALTORS TO LIST AND SELL CONTRIBUTIONS OF REAL ESTATE. FOUNDATION EMPLOYEES FORM 990, PART 1, LINE 5 & 15 THE UNIVERSITY OF SOUTHERN MISSISSIPPI, A RELATED ORGANIZATION, PROVIDES COMPENSATION FOR ALL WHO WORK FOR THE FOUNDATION, INCLUDING THE STAFF AND STUDENT WAGES REIMBURSED BY THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 2 JEFF C. BOWMAN AND ROBERT T. JACKSON, SR. ARE LAW PARTNERS AND BOTH SERVE ON THE BOARD OF DIRECTORS. GILBERT C. VAN LOON AND ADAM J. SPICER ARE BOTH ATTORNEYS AT THE SAME LAW FIRM AND SERVE ON THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITEE AND BOARD RECEIVED THE 2011 FORM 990 DRAFT FOR REVIEW PRIOR TO BEING FILED. COMMENTS WERE ADDRESSED AND THE FORM WAS UPDATED AS NECESSARY. A COMPLETE COPY OF THE 2011 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. 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 AND CHIEF FINANCIAL OFFICER. THE PROCESS FOR DETERMINING COMPENSATION, REVIEW AND APPROVAL, AND SUBSTANTIATION OF THIS DELIBERATION AND DECISION IS ALL HANDLED BY THE UNIVERSITY. COMPENSATION FOR THE EXECUTIVE DIRECTOR WAS REVIEWED IN JULY OF 2011 AND APPROVED BY THE MISSISSIPPI BOARD OF TRUSTEES OF STATE INSTITUTIONS OF HIGHER LEARNING AS DOCUMENTED IN THE MINUTES OF THAT BOARD MEETING. COMPENSATION FOR THE CHIEF FINANCIAL OFFICER WAS APPROVED BY THE UNIVERSITY OF SOUTHERN MISSISSIPPI IN MAY OF 2006. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION'S BYLAWS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE FOUNDATION WEBSITE. OTHER EXPENSES FORM 990, PART IX, LINE 24E MISCELLANEOUS EXPENDITURES INCURRED $12,251. DUES & SUBSCRIPTIONS EXPENSES INCURRED $50,350. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -3,135,460. INCREASE IN VALUE OF SPLIT INTEREST AGREEMENTS 14,936. TOTAL TO FORM 990, PART XI, LINE 5: -3,120,524. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY OF OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF 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 53979 1125837 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 78281 0.57230 HLG AND JBG CRUT PO BOX 10885 BIRMINGHAM AL 35202 646215863 TRUST MS N/A T 18381 0.85160 JEG CRAT 1581 AMERIPRISE FINANCIAL CENTER MINNEAPOLIS MN 55474 207371805 TRUST MS N/A T 359787 0.69450 LEH CRAT PO BOX 1231 HATTIESBURG MS 39403 726180760 TRUST MS N/A T 157788 0.87880 FBK CRUT PO BOX 14407 ST PETERSBURG FL 33733 912163804 TRUST MS N/A T 406906 1.00000 MI CRUT PO BOX 10885 BIRMINGHAM AL 35202 646214146 TRUST MS N/A T 5802 0.55240 BTW AND VRW CRUT 631 MAIN STREET HATTIESBURG MS 39401 636222457 TRUST MS N/A T 3831 0.90090 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 UNIVERSITY OF SOUTHERN MISSISSIPPI B 8787224 CASH DISBURSED UNIVERSITY OF SOUTHERN MISSISSIPPI I 197141 DIRECT FINANCING LEASE UNIVERSITY OF SOUTHERN MISSISSIPPI M 123597 CONTRIB. UTILITIES & FACILITIES UNIVERSITY OF SOUTHERN MISSISSIPPI N 1549541 CASH DISBURSED