2012-04-06T13:11:15-05:00 2011-06-30 ERNST & YOUNG US LLP 55 IVAN ALLEN JR BLVD SUITE 1000 ATLANTA GA 30308 990 2010-07-01 596152180 FLORIDA STATE UNIVERSITY FOUNDATION INC FLOR 8506446000 Innovation Park 2010 Levy Avenue BUILDING B SUITE 300 Tallahassee FL 32306 THOMAS W JENNINGS II 2012-04-03 4048748300 2010 2016-02-24 21:20:13Z Thomas W Jennings President Innovation Park 2010 Levy Ave Tallahassee FL 32306 192291070 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 40 39 106 930 33023 -1073 37479539 39738220 439054 589477 13395031 8553748 1092680 985780 52406304 49867225 20865545 18439319 0 0 15261716 16340755 0 594104 7033596 14435057 19318122 50562318 54692300 1843986 -4825075 447345645 504811417 16800324 12274686 430545321 492536731 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 41829422 18439319 589477 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. 41829422 true true 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 249 0 106 true true true true BD CA HK CJ NT EI false false false true true false false false false X 40 39 false false false false false false false true true false false true true true true true false true true false AK AZ CA CO HI 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 Florence Ashby 1.0 X 0 0 0 Beth Azor 1.0 X X 0 0 0 Eric Barron 1.0 X 0 0 0 Yvonne Brown 1.0 X 0 0 0 Edward Burr 1.0 X 0 0 0 John Carnaghi 1.0 X X 0 0 0 Stella Cottrell 1.0 X 0 0 0 Warren Coville 1.0 X 0 0 0 Thomas Culligan 1.0 X 0 0 0 Julie Eichenberg 1.0 X 0 0 0 Andrew Feinberg 1.0 X 0 0 0 Ralph Gonzalez 1.0 X 0 0 0 Carla Gopher 1.0 X 0 0 0 Priscilla Greenfield 1.0 X 0 0 0 William Haggard 1.0 X 0 0 0 Donald Harbaugh 1.0 X 0 0 0 Mart Hill 1.0 X 0 0 0 Gordon Holder 1.0 X X 0 0 0 Robert Johnson 1.0 X 0 0 0 Peter Jones 1.0 X 0 0 0 John Jones 1.0 X 0 0 0 Floyd Jordan 1.0 X 0 0 0 Galen Kilburn 1.0 X 0 0 0 George Langford 1.0 X 0 0 0 Charlotte Maguire 1.0 X 0 0 0 Stephen Metz 1.0 X 0 0 0 Joyce Miles 1.0 X 0 0 0 Jacqueline Montgomery 1.0 X 0 0 0 Jane Morgan 1.0 X 0 0 0 Gerald Redditt 1.0 X 0 0 0 Betty Rodgers 1.0 X 0 0 0 Jeffrey Rohr 1.0 X 0 0 0 Kirk Rostron 1.0 X 0 0 0 Jerry Sowell 1.0 X 0 0 0 John Thiel 1.0 X 0 0 0 James Thomas 1.0 X 0 0 0 Edwin Walborsky 1.0 X 0 0 0 Eric Walker 1.0 X 0 0 0 Ashbel Williams 1.0 X X 0 0 0 Thomas W Jennings II 40.0 X X 68276 0 10817 Gerald J Ganz Jr 40.0 X 136995 0 26010 Loraine Chorey-Smith 40.0 X 169573 0 28999 Marilyn Spores 40.0 X 168228 0 22840 Thomas Wetherell 40.0 X 258317 0 0 Sarah Ramsey 40.0 X 178063 0 26269 Perry Fulkerson 40.0 X 172164 0 30123 Mark Pankey 40.0 X 136563 0 30785 Jeanne Pecha 40.0 X 131778 0 20580 1419957 0 196423 14 false true true RuffaloCODY LLC PO Box 3018 CEDAR RAPIDS IA 52406 FUNDRAISING SERVICES 540095 WittKieffer Ford Hadelman Lloyd 2015 Spring Rd Suite 510 OAK BROOK IL 60523 EXEC SEARCH SERVICES 191061 Ernst Young 401 East Jackson Street TAMPA FL 33602 ACCOUNTING 132069 Bentz Whaley Flessner Inc 7251 Ohms Lane MINNEAPOLIS MN 55439 CONSULTING 116100 4 455100 1710180 37572940 5715792 39738220 REGISTRATION/ADMINISTRATION 561110 589477 589477 589477 1688849 1688849 0 69066 69066 148708853 7092 141849873 1173 6858980 5919 6864899 6864899 344002 455100 572799 -228797 -228797 0 0 Advertising 541800 70433 70433 PARTNERSHIP LOSS 900099 -37410 -37410 OTHER 900099 1112488 1112488 1145511 49867225 1701965 33023 8394017 18422327 18422327 11792 11792 5200 5200 0 743106 262487 480619 0 13466642 7519229 2277030 3670383 802273 286357 515916 615872 2140 281800 331932 712862 226521 188100 298241 0 61958 8913 53045 133069 1000 132069 0 594104 594104 0 1291501 958576 263476 69449 801588 776664 9353 15571 2364302 1680485 351015 332802 2952571 2706640 240136 5795 0 894499 250142 644357 2545955 2138699 24053 383203 0 750388 717408 15671 17309 3333 3358 -25 0 551333 551333 216006 124798 91208 Entertainment 2358446 2089361 11085 258000 PROV. FOR UNCOLLECT. PLEDGES 2212850 2212850 Books, Journals & Subscription 1553139 1482378 23493 47268 2009 UBIT Payment 1397 1397 All other expenses 625787 489544 123239 13004 54692300 41829422 5829282 7033596 20074962 59153620 12002106 11392365 202516 282150 49668 47704 4611581 2710902 2002956 1900679 388716526 411234427 24296911 20800472 447345645 504811417 2852027 1959061 13948297 10315625 16800324 12274686 X -35274395 -7709263 97804370 128226770 368015346 372019224 430545321 492536731 447345645 504811417 X -4825075 66816485 X false true true X false X 35778373 59244839 27469796 37479539 39738220 199710767 35778373 59244839 27469796 37479539 39738220 199710767 1597040 198113727 6038584 5509777 6001479 3771137 1720505 23041482 30000 18543 11143 68464 33023 161173 1322131 1112488 2434619 225348041 1654244 0.87915 0.87430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 328243562 9807870 70561374 3488351 10008036 8318694 386797725 306089601 4933109 37854704 3838114 8428969 8366769 328243562 370825716 23294406 -68284307 4258047 9123955 6364212 306089601 0.04280 0.95720 0.00000 true false 804554 119000 923554 678550 614418 64132 2918455 2024352 894103 91022 72132 18890 1900679 0 REFUNDABLE ADVANCES 4100000 AGENCY LIABILITY 344497 ANNUITY OBLIGATIONS 5871128 10315625 49867225 54692300 -4825075 -66816485 -66816485 -71641560 117256509 66816485 66816485 50440024 -572799 -572799 49867225 55265099 572799 572799 54692300 54692300 Endowment Funds Schedule D, Part V. SPENDING FROM THE FOUNDATION'S ENDOWMENTS SUPPORTS THE ACADEMIC ACTIVITIES OF THE UNIVERSITY INCLUDING SCHOLARSHIPS AND PROGRAMS. Other revenue adjustments Schedule D, Part XII, Line 4b EXPENSES RELATED TO FUNDRAISING EVENTS OF $572,799 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 $572,799 ARE NETTED ON THE REVENUE SCHEDULE IN PART VIII. IN THE AUDITED FINANCIALS THESE EXPENSES ARE INCLUDED IN PROGRAM EXPENSES. FIN 48 SCH 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. true Central America and the Caribbean Investments N/A 36835956 North America Investments N/A 9140567 East Asia and the Pacific Investments N/A 4786505 Europe (Including Iceland and Greenland) Investments N/A 24697287 75460315 75460315 X false false false false true false Description for 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 true RuffaloCODY LLC PO BOX 3018 CEDAR RAPIDS IA 52406 PHONE SOLICIT false 847737 594104 253633 847737 594104 253633 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 RINGLING INTERN 338330 147227 191103 16538 15465 87399 7 DAYS OF OPEN 222853 196208 26645 8212 62590 244397 10 237919 111665 126254 6119 73864 58215 799102 455100 344002 30869 151919 390011 572799 -228797 SUPPLEMENTAL INFORMATION SCHEDULE G, PART II 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 The Florida State University 600 W College Ave Tallahassee FL 32306 591961248 501(C)(3) 16076232 2085869 FMV COMP, EQUIP, FURNIT. SUPPORT SCHOLARSIPS AND UNIVERSITY PROGRAMS The Florida State University Research Foundation 874 Traditions Way Suite 300 Tallahassee FL 32306 593211153 501(C)(3) 71195 RESEARCH SUPPORT Southern Scholarship House 322 Stadium Drive Tallahassee FL 32304 590939481 501(C)(3) 21983 SCHOLARSHIP SUPPORT University of Central Florida 4000 Central Florida Blvd Orlando FL 32816 592924021 501(C)(3) 10750 SCHOLARSHIP SUPPORT University of Florida Financial Aid S-107 Criser Hall PO Box 114025 Gainesville FL 32611 596002052 501(C)(3) 21635 SCHOLARSHIP SUPPORT University of North Florida 4567 St Johns Bluff Rd S Jacksonville FL 32224 592976169 501(c)3 8494 SCHOLARSHIP SUPPORT University of South Florida 4202 E Fowler Ave ADM131 Tampa FL 33620 591561180 501(C)(3) 5094 SCHOLARSHIP SUPPORT Tallahassee Memorial Healthcare Foundation 1331 E Sixth Ave Tallahassee FL 32303 591727645 501(C)(3) 50000 MEDICAL RESEARCH SUPPORT Tallahassee Community College Foundation 444 Appleyard Drive Tallahassee FL 32304 592091480 501(C)(3) 25000 COMMUNITY DEVELOPMENT PROJECT FPRA Foundation 411 Office Plaza Dr Tallahassee FL 32301 593469943 501(C)(3) 9359 COMMUNITY DEVELOPMENT PROJECT 10 0 Academic Research Award 13 11692 Description of Organization's Procedures for Monitoring the Use of Grants FORM 990, SCHEDULE I 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. 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. X X true true X X false false false false false false false false false Gerald J Ganz Jr 136995 0 0 0 0 0 13857 0 12153 0 163005 0 100096 0 Loraine Chorey-Smith 162599 0 0 0 6974 0 21071 0 7928 0 198572 0 178504 0 Marilyn Spores 143228 0 0 0 25000 0 19406 0 3434 0 191068 0 190984 0 Thomas Wetherell 258317 0 0 0 0 0 0 0 0 0 258317 0 0 0 Sarah Ramsey 156063 0 0 0 22000 0 21631 0 4638 0 204332 0 176437 0 Perry Fulkerson 163611 0 0 0 8553 0 21190 0 8933 0 202287 0 166924 0 Mark Pankey 129473 0 0 0 7090 0 17480 0 13305 0 167348 0 130157 0 Jeanne Pecha 125297 0 0 0 6481 0 16001 0 4579 0 152358 0 0 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. ONLY BUSINESS USE OF THE SOCIAL CLUB MEMBERSHIP IS ALLOWED THEREFORE THERE IS NO REPORTABLE TAXABLE COMPENSATION. SUPPLEMENTAL COMPENSATION INFORMATION SCHEDULE J, PART III DURING THE FISCAL YEAR ENDED JUNE 30, 2011, THE FOUNDATION'S CFO, GERALD J. GANZ, JR. WAS AN EMPLOYEE OF FLORIDA STATE UNIVERSITY. HIS TOTAL COMPENSATION FOR CALENDAR YEAR 2010 WAS $163,005. FLORIDA STATE UNIVERSITY HAS BEEN DETERMINED TO BE AN UNRELATED ORGANIZATION FOR PURPOSES OF FORM 990 REPORTING. X 5 APPRAISAL X 36030 APPRAISAL X 20 292462 SALE OF COMPARABLES X 1 423559 APPRAISAL X 1 3331 APPRAISAL X EQUIPMENT & SUPPLIES 23 1130560 SALE OF COMPARABLES X SOFTWARE/MEDIA 10 3805553 SALE OF COMPARABLES X SILENT AUCTION ITEMS 7 13331 SALE OF COMPARABLES X CATERED FOOD 3 10966 SALES PRICE OF PROP 1 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). REASON FOR NOT FILING FOR 990-T FORM 990, PART V, LINE 3B THE FOUNDATION HAS RECEIVED AN EXTENSION TO FILE THE 990-T. THE EXTENDED DUE DATE IS FEBRUARY 15, 2012. THE FOUNDATION'S 990 AND 990-T ARE FILED AT THE SAME TIME. DESCRIBE THE PROCESS USED BY MANAGEMENT &/OR GOVERNING 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 CHANGE OF $66,816,485 WAS A RESULT OF UNREALIZED GAINS AND LOSSES FROM INVESTMENTS.