2012-05-15T13:00:40-05:00 2011-06-30 ERNST & YOUNG US LLP 55 IVAN ALLEN JR BLVD SUITE 1000 ATLANTA GA 30308 990 2010-07-01 596211832 UNIVERSITY OF CENTRAL FLORIDA FOUNDATION INC UNIV 4078821220 12424 RESEARCH PARKWAY ORLANDO FL 32826 ALBERT J FRANCIS II 2012-05-15 4048748300 2010 2016-02-24 21:20:13Z ROBERT J HOLMES JR - CEO 12424 RESEARCH PARKWAYSTE 140 ORLANDO FL 32826 65703216 false X www.UCFFOUNDATION.ORG X 1968 FL THE UCF FOUNDATION, INC. IS A NOT FOR PROFIT ORGANIZATION THAT ENHANCES THE MISSION AND VISION OF THE UNIVERSITY OF CENTRAL FLORIDA THROUGH ITS MANY FUNDRAISING ACTIVITIES. 41 39 0 600 165722 -25294 9517815 18829145 520121 2030644 7451040 4845537 4078232 2973082 21567208 28678408 13446659 11808071 0 0 8371551 9691460 6500 106230 3725591 4812364 5227007 26637074 26832768 -5069866 1845640 225958256 245947887 41755174 39944268 184203082 206003619 X THE UCF FOUNDATION, INC. IS A 501(C)(3) CHARITABLE NON-PROFIT ORGANIZATION AND A DIRECT SUPPORT ORGANIZATION TO 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. false false 5529937 5485632 1831093 ATHLETIC EXPENSES PAID IN SUPPORT OF THE UNIVERSITY OF CENTRAL FLORIDA ATHLETICS PROGRAM ENHANCE THE OVERALL ACADEMIC AND ATHLETIC EXPERIENCE FOR STUDENTS AND HELP 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. 4123202 4050298 2142 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 OF THE UNIVERSITY. SCHOLARSHIP FUNDS ARE TRANSFERRED TO THE UNIVERSITY FOR ADMINISTRATION AND PROCESSING. 3759045 1828094 9297 ACADEMIC EXPENSES PAID IN SUPPORT OF THE UNIVERSITY OF CENTRAL FLORIDA PROGRAMS INCLUDE FUNDING FOR PROGRAM EXPENSES, CAPITAL FUNDING, AND SALARIES FOR UNIVERSITY EMPLOYEES. ACADEMIC SUPPORT HELPS THE UNIVERSITY'S OUTSTANDING FACULTY INSPIRE STUDENTS, FOSTERS AND ENHANCES STRONG ACADEMIC PROGRAMS, AND SERVES AS A KEY ELEMENT TO INSTITUTIONAL GREATNESS. ENDOWED CHAIRS 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. IN ADDITION, SUPPORT FOR RESEARCH PROJECTS AND INNOVATIVE PROGRAMS ARE AT THE HEART OF THE UCF LEARNING EXPERIENCE. CURRICULUM DEVELOPMENT, INTERNSHIPS, INTERDISCIPLINARY WORK, EXPERIENTIAL LEARNING, AND ACADEMIC ENRICHMENT ALL REQUIRE PRIVATE SUPPORT. 4654640 444047 503912 18066824 true true false true false true false false true true false false false true false true false false false true false false true true false false true true true true false false false false false false false false false true true true false false true false false false false false true 44 0 true 0 true true false false false false true true false false false false X 41 39 true false true false false false false true true false true true true true true true true true false false false X X ALBERT J FRANCIS II 4078821220 12424 RESEARCH PARKWAY SUITE 140 ORLANDO FL 32826 ANTHONY CONNELLY 1.0 X 0 0 0 JAMES A JAHNA SR 1.0 X 0 0 0 NELSON J MARCHIOLI 1.0 X 0 0 0 MARGERY L PABST 1.0 X 0 0 0 JOHN R SPROULS 1.0 X 0 0 0 MARK CALABRESE 1.0 X 0 0 0 MARCOS MARCHENA 1.0 X X 0 0 0 LARRY TOBIN 1.0 X X 0 0 0 RITA ADLER 1.0 X 0 0 0 MELANIE FERNANDEZ 1.0 X X 0 0 0 JAMES FERRELL 1.0 X X 0 0 0 GEORGE GLANCE 1.0 X 0 0 0 SURESH GUPTA 1.0 X 0 0 0 ANTHONY NICHOLSON 1.0 X 0 0 0 HAROLD MILLS 1.0 X 0 0 0 MANHAR R RAMA 1.0 X 0 0 0 KEVIN BARKMAN 1.0 X 0 0 0 BEAT KAHLI 1.0 X 0 0 0 JIM ATCHISON 1.0 X 0 0 0 LARRY CHASTANG 1.0 X 0 0 0 CAROL CRAIG 1.0 X 0 0 0 GERALD RUTBERG 1.0 X 0 0 0 KENNETH BRADLEY 1.0 X 0 0 0 JOANNE PUGLISI 1.0 X 0 0 0 MICHAEL MANGLARDI 1.0 X X 0 0 0 MICHAEL J GRINDSTAFF 1.0 X X 0 0 0 JEANETTE GOULD 1.0 X 0 0 0 RITA LOWNDES 1.0 X 0 0 0 JORGE LOPEZ 1.0 X 0 0 0 SCOTT BUESCHER 1.0 X 0 0 0 NAN MCCORMICK 1.0 X 0 0 0 RICHARD WALSH 1.0 X 0 0 0 DR JOHN C HITT 1.0 X 0 0 0 BLAINE SWEATT 1.0 X 0 0 0 CARI COATS 1.0 X 0 0 0 DALE BENNETT 1.0 X 0 0 0 JANET PINO 1.0 X 0 0 0 TIM SENEFF 1.0 X 0 0 0 JACOB V STUART 1.0 X 0 0 0 BUDDY DYER 1.0 X 0 0 0 RANDY E BERRIDGE 1.0 X 0 0 0 ROBERT J HOLMES JR 40.0 X 265977 0 37942 GEORGE A YEARWOOD 40.0 X 136863 0 35784 BEN MCMAHAN 40.0 X 82027 0 17435 JOYCE HENCKLER 40.0 X 155311 0 27288 THOMAS MESSINA 40.0 X 142838 0 26282 MARGARET JARRELL-COLE 40.0 X 132017 0 15754 JAMES STEWART 40.0 X 131481 0 25981 NANCY KEON 40.0 X 120045 0 18845 JEANNINE STARR 40.0 X 111916 0 23480 KIM MINANA 0.0 X 135468 0 26831 1413943 0 255622 10 true true false CUSHMAN WAKEFIELD 12424 RESEARCH PARKWAY ORLANDO FL 32826 MANAGEMENT SERVICES 569298 D A BUILDING SERVICES 321 GEORGIA AVENUE LONGWOOD FL 32750 MAINTENANCE 419498 MACDADE CONSTRUCTION 1111 ABADY COURT DELTONA FL 32725 CONSTRUCTION 370532 KNIGHTS IMAGES 130 SOUTH ORANGE AVENUE ORLANDO FL 32801 PRINTING & PRDCTN 344729 BAKER COMMERICAL LANDSCAPING 2699 FORSYTH ROAD SUITE 111 ORLANDO FL 32807 LANDSCAPING 176708 17 3638325 377395 4119304 10694121 99079 18829145 PROGRAM REVENUE 611710 2030644 2024892 5752 2030644 2695543 2695543 0 237563 46462 191101 9799387 7178709 2620678 2620678 37740 2582938 31871270 29721276 2149994 2149994 2149994 161427 377395 124823 36604 36604 0 0 Advertising Revenue 541800 75760 75760 Miscellaneous Revenue 900099 2477 2469 8 78237 28678408 2027361 165722 7656180 11690878 11690878 117193 117193 0 0 1370804 443569 442377 484858 0 6624309 2164206 2549551 1910552 547468 109568 271554 166346 743976 132333 391771 219872 404903 82624 200324 121955 0 40083 1216 38867 116000 116000 157772 157772 106230 106230 193604 162959 30645 663851 530179 123128 10544 220745 121220 13167 86358 524046 295867 108618 119561 399725 56048 332079 11598 0 0 362727 267064 15701 79962 0 505871 395292 31798 78781 181491 181491 0 196325 6667 178099 11559 136101 51112 82932 2057 Banquests & Receptions 412532 293497 2567 116468 PRINTING & REPRODUCTIONS 199841 121630 9886 68325 RENTAL - OTHER 165933 90369 48781 26783 DUE, MMBRSHPS, AND SBSCRPTNS 156699 84497 36364 35838 EXTERNAL EVENT SPONSORSHIPS 148734 110941 37793 444927 398632 16144 30151 26832768 18066824 5040353 3725591 102100 102100 22633887 16418068 6647016 4800688 256336 251205 1102629 1325347 89234476 14655467 75372687 74579009 115207895 141265340 4476734 7026061 158972 180069 225958256 245947887 3072502 2106651 215349 112459 2604662 2564969 25218089 24906479 9741137 9249612 903435 1004098 41755174 39944268 X 32209602 50116252 43358129 43204001 108635351 112683366 184203082 206003619 225958256 245947887 X 1845640 19954897 X false true true X false X 66756629 30259329 14964623 9517815 18829145 140327541 66756629 30259329 14964623 9517815 18829145 140327541 29337910 110989631 9406760 9979551 8430141 6511937 5469582 39797971 51170 211458 1013399 210210 165722 1651959 327608 478611 132621 3757 2469 945066 182722537 3532081 0.60742 0.65228 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true false false false false false false false true 157772 157772 false false GENERAL LOBBYING NARRATIVE SCHEDULE C, PART II-B, LINE 1-I THE FOUNDATION PROVIDES FUNDING FOR GOVERNMENTAL RELATIONS AND LOBBYING EFFORTS ON BEHALF OF THE UNIVERSITY. THE GOVERNMENT RELATIONS INCLUDE CULTIVATING, MAINTAINING, AND ENHANCING THE LINK BETWEEN UCF AND THE VARIOUS PUBLICS IT SERVES AND TO CREATE AND IMPLEMENT COMMUNITY-BASED PROGRAMS. THIS IS TO INCREASE KNOWLEDGE AND UNDERSTANDING OF THE UNIVERSITY WITHIN KEY EXTERNAL COMMUNITIES. 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ENDOWMENT FUND SCHEDULE D, PART V THE FOUNDATION AUTHORIZES SPENDING FROM ITS ENDOWMENT TO SUPPORT THE UNIVERSITY'S STUDENT SCHOLARSHIPS, ACADEMIC CHAIRS, PROFESSORSHIPS AND ACADEMIC PROGRAMS. RECONCILIATION OF REVENUE SCHEDULE D, PART XII, LINE 2D AMOUNTS INCLUDED ON LINE 1, NOT ON 990 PART VIII LINE 12 TOTAL REVENUE. THE FOUNDATION HAS $7,178,709 IN RENT EXPENSES WHICH ARE NETTED AGAINST RENT REVENUE ON THE 990 BUT ARE INCLUDED IN EXPENSES IN THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS. IN ADDITION, THE FOUNDATION HAS $124,824 IN FUNDRAISING EVENT EXPENSES NETTED AGAINST FUNDRAISING EVENT REVENUE. RECONCILIATION OF REVENUE SCHEDULE D, PART XII, LINE 4B AMOUNTS ON 990, PART VII LINE 12 TOTAL REVENUE NOT ON LINE 1 OF PART XII. THE FOUNDATION HAS $193,605 IN INVESTMENT FEES. HOWEVER, THESE INVESTMENT FEES ARE NETTED AGAINST INVESTMENT REVENUE ON THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS. RECONCILIATION OF EXPENSE SCHEDULE D, PART XIII, LINE 2D AMOUNTS INCLUDED ON LINE 1, NOT ON 990 PART VIII LINE 12 TOTAL REVENUE. THE FOUNDATION HAS $7,178,709 IN RENT EXPENSES WHICH ARE NETTED AGAINST RENT REVENUE ON THE 990 BUT ARE INCLUDED IN EXPENSES IN THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS. IN ADDITION THE FOUNDATION HAS $124,824 IN FUNDRAISING EVENT EXPENSES NETTED AGAINST FUNDRAISING EVENT REVENUE. RECONCILIATION OF EXPENSE SCHEDULE D, PART XIII, LINE 4B AMOUNTS ON 990, PART VII LINE 12 TOTAL REVENUE NOT ON LINE 1 OF PART XII. THE FOUNDATION HAS $193,605 IN INVESTMENT FEES. HOWEVER, THESE INVESTMENT FEES ARE NETTED AGAINST INVESTMENT REVENUE ON THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS. Central America and the Caribbean 0 0 Program Services UCF PROGRAM SERVICE 21500 0 0 0 0 21500 21500 false false false false false false X true DIRECTLINES TECHNOLOGIES PHONE SOLICITATN false 0 20000 0 BENTZ WHALEY FLESSNER ASSOCIATES CONSULTANTS false 0 86230 0 0 106230 0 AL FL GA HI IL KS MD MI MN MS MO NJ NM NC ND OH OK OR PA RI SC TN VA WV WI GOLF TOURNAMENT 100130 37005 63125 33100 1491 FNDRSING EVT 334372 294681 39691 1343 25918 17 104320 45709 58611 3618 7756 21452 500 29645 538822 377395 161427 3618 40856 22795 500 57054 124823 36604 SCHEDULE G, PART I, LINE 2B - GROSS RECEIPTS REPORTING THE FOUNDATION USED THE FOLLOWNG FUNDRAISERS FOR THE CURRENT TAX YEAR: DIRECTLINES TECHNOLOGIES AND BENZ WHALEY. DIRECTLINES GROSS RECEIPTS GENERATED WILL BE ESTIMATED AT 40K FOR 2011-2012. FOR BENZ WHALEY THERE WILL BE NO GROSS RECEIPTS GENERATED FROM THIS VENDOR SINCE THE VENDOR IS PROVIDING RESEARCH SUPPORT AND CONSULTING SERVICES TO THE FOUNDATION'S DEVELOPMENT OFFICE REGARDING SOLICITATION STRATEGIES. false UNIVERSITY OF CENTRAL FLORIDA 4000 CENTRAL FLORIDA BLVD ORLANDO FL 32816 592924021 501(C)(3) 5214365 FUNDING FOR PROGRAMS AND SCHOLARSHIPS UCF GOLDEN KNIGHTS CORPORATION INC PO BOX 163555 ORLANDO FL 32826 592334448 501(C)(3) 2164348 ATHLETIC STADIUM SUPPORT UCF CONVOCATION CORPORATION INC 4000 CENTRAL FLORIDA BLVD ORLANDO FL 32816 161733312 501(C)(3) 479939 CONVOCATION CENTER SUPPORT UCF ATHLETIC ASSOCIATION INC PO BOX 163555 ORLANDO FL 32826 592334448 501(C)(3) 2085396 ATHLETIC SCHOLARSHIP & PROGRAM SUPPORT UNIVERSITY CENTRAL FLORIDA RESEARCH FNDTN 12201 RESEARCH PARKWAY ORLANDO FL 32826 593086453 501(C)(3) 134311 RESEARCH ACTIVITY SUPPORT FLORIDA HOSPITAL 601 EAST ROLLINS STREET ORLANDO FL 32803 590724459 501(C)(3) 28341 MEDICAL RESEARCH SUPPORT UCF FINANCE CORPORATION 4000 CENTRAL FLORIDA BLVD ORLANDO FL 32816 208919971 501(C)(3) 1584078 CONSTRUCTION SUPPORT 7 0 BOOKS FOR STUDENTS 1181 9158 PURCHS PRICE BOOKS FOR STUDENTS EDUCATIONAL EQUIPMENT AND SUPPLIES FOR STUDENTS 629 59207 PURCHS PRICE EDC/EQUIP SUPPLIES TRAVEL & REGISTRATION PAYMENTS FOR VARIOUS STDNTS 121 40934 PURCHS PRICE TRAVEL/REGISTRATION TICKETS, CLOTHES, MEALS AND MISC FOR STUDENTS 397 7894 PURCHS PRICE TICKETS/CLOTHES/MEAL DESCRIPTION OF ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANTS FORM 990, SCHEDULE I 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 true true X false false false false false false false true false ROBERT J HOLMES JR 222009 0 29840 0 14128 0 23604 0 14338 0 303919 0 0 0 GEORGE A YEARWOOD 133651 0 1500 0 1712 0 18948 0 16836 0 172647 0 0 0 JOYCE HENCKLER 142330 0 1500 0 11481 0 15114 0 12174 0 182599 0 0 0 THOMAS MESSINA 133210 0 1500 0 8128 0 14127 0 12155 0 169120 0 0 0 JAMES STEWART 127657 0 1500 0 2324 0 13831 0 12150 0 157462 0 0 0 KIM MINANA 125057 0 0 0 10411 0 13451 0 13380 0 162299 0 0 0 SUPPLEMENTAL COMPENSATION AND UNIVERSITY RELATED PAYROLL INFORMATION SCHEDULE J, PART I 1) SUPPLEMENTAL COMPENSATION INFORMATION - FIRST CLASS TRAVEL PROVIDED TO THE PRESIDENT OF THE UNIVERSITY FOR HEALTH REASONS AND TO ACCOMMODATE 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) FOR VARIOUS UNIVERSITY EMPLOYEES, THE FOUNDATION MADE SUPPLEMENT PAYMENTS TO WHICH INCLUDED GROSSED-UP AMOUNTS FOR TAX PURPOSES. THE TOTAL GROSSED-UP AMOUNTS WERE INCLUDED IN THE EMPLOYEES' REPORTABLE TAXABLE COMPENSATION. 3) FOR 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. 4) ALL THE EMPLOYEES LISTED IN SCHEDULE J ARE EMPLOYEES OF THE UNIVERSITY OF CENTRAL FLORIDA WHICH HAS BEEN DETERMINED TO BE AN UNRELATED ORGANIZATION. 5) DURING THE FISCAL YEAR, THE FOUNDATION PAID $414,923 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. SCHEDULE J, PART I, LINE 7 THE FOUNDATION PAYS CERTAIN EXECUTIVES BONUSES DETERMINED BASED ON PERFORMANCE GOALS RELATED TO QUALITY OF EDUCATION, INSTITUTIONAL GROWTH, AND FUNDRAISING. PAYMENTS FROM UNRELATED ORGANIZATION SCHEDULE J, PART II 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. University of Central Florida Foundation Inc 596211832 2008-12-30 10400000 2008 REFN 2004 MORTGAGE NOTE false false false University of Central Florida Foundation Inc 596211832 2009-12-17 12540000 2009 REFN ORANGE CTY IND DVPMT ATH false false false 605000 0 10400000 0 0 0 0 0 0 0 0 0 2008 true false true true 200000 0 12540000 0 0 0 106326 0 0 0 0 0 2009 true false true true false true false true true 0.00000 0.02600 0.02600 true false true false true true 0.00000 0.04960 0.04960 true false false false false false false false false false false false false false false false false Tax Exempt Issue 10,400,000 Schedule K, Part I, Column F Refund of prior issue. 2004A and 20004B Series Notes. Issue price was $10,400,000.00 for the University Tower and The Bio-Molecular Research Annex Building. The two office buildings were acquired for use by the University of Central Florida. Tax Exempt Issue 12,540,000 Schedule K, Part I, Column F Refund of prior issue. The Foundation had bonds for the following buildings: 1996 A Research Pavilion, partial bond funding on 2000 A Orlando Tech Center. The buildings were purchased for use by the University of Central Florida. DR JOHN HITT EX-OFFICIO DIR OF UCFF 435051 SNTRST ORLANDO SEE SCH L, PT V false LARRY TOBIN DIRECTOR OF UCFF 202707 LOAN PAYMENT SEE SCH L, PT V false TRANSACTIONS WITH INTERESTED PERSON - DR JOHN HITT - SCHEDULE L, PART IV 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. TRANSACTIONS WITH INTERESTED PERSON - LARRY TOBIN - SCHEDULE L, PART IV 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 21 0 X 10 99079 COST / SELLING PRICE X 32 0 X EQUIPMENT 15 0 0 X SUPPLIES 24 0 0 1 false true true IN-KIND CONTRIBUTION REPORTINGS SCHEDULE M, PART I, LINES 1, 23, 25 & 26 THE FOUNDATION RECEIVED SEVERAL DONOR GIFT IN KIND CONTRIBUTIONS DURING THE YEAR INCLUDING SEVERAL PIECES OF SCULPTURE AND 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. USE OF THIRD PARTY TO SELL NONCASH CONTRIBUTIONS SCHEDULE M, PART I, LINE 32 THE FOUNDATION INSTRUCTS SUNTRUST, AS CUSTODIAN OF ITS INVESTMENTS, TO SELL ANY STOCK GIFTS RECEIVED BY THE FOUNDATION. STOCKS ARE VALUED WHEN RECEIVED FROM THE DONOR AS THE AVERAGE OF THE HIGH AND LOW MARKET PRICE ON THE DAY OF RECEIPT. DESCRIPTION OF OTHER PROGRAM SERVICES FORM 990, PART III, LINE 4d OTHER PROGRAM SUPPORT FOR THE UNIVERSITY INCLUDE: THE ALUMNI PROGRAM ENHANCES THE LIVES OF UCF ALUMNI, PARENTS, STUDENTS AND FRIENDS AND CONNECTS THEM BY FOSTERING MUTUALLY BENEFICIAL RELATIONSHIPS. THE ALUMNI PROGRAM PROVIDES MEANINGFUL SERVICES AND ENGAGING PROGRAMS THAT INFORM, EDUCATE AND INSPIRE. GENERAL UNIVERSITY SUPPORT PROVIDES SUPPORT OF THE UNIVERSITY OF CENTRAL FLORIDA DEPARTMENTS AND AREAS. RESEARCH EXPENSES PROVIDE SUPPORT OF THE UNIVERSITY OF CENTRAL FLORIDA RESEARCH PROGRAMS. RESEARCH IS CONDUCTED ON AN INDIVIDUAL COLLABORATIVE BASIS BY FACULTY WHOSE FOCUS IS ON THEIR PARTICULAR AREAS OF ACADEMIC DISCIPLINE. UCF HAS NUMEROUS NATIONALLY AND INTERNATIONALLY RECOGNIZED RESEARCH INSTITUTES DEVOTED TO INNOVATIVE RESEARCH AND DEVELOPMENT. DESCRIPTION OF RELATIONSHIPS FORM 990, PART VI, LINE 2 THE FOLLOWING BOARD OF DIRECTORS HAVE BUSINESS RELATIONSHIPS: RANDY BERRIDGE HAS A BUSINESS RELATIONSHIP WITH DR. JOHN HITT. DESCRIPTION OF SIGNIFICANT CHANGES TO ORGANIZING OR ENABLING DOCUMENT FORM 990, PART VI, LINE 4 THE FOUNDATION UPDATED ITS BYLAWS DURING THE FISCAL YEAR WHICH WERE APPROVED BY THE BOARD OF DIRECTORS ON MARCH 2, 2011. MAJOR MODIFICATIONS WERE MADE AS FOLLOWS: 1. CHAIR OF THE UCF BOARD OF TRUSTEES IS A VOTING MEMBER. 2. THE PRESIDENT OF THE UNIVERSITY IS A VOTING MEMBER. 3. ONE HALF OF ALL ELECTED DIRECTORS MUST BE IN ATTENDANCE AT ANY MEETING TO CONSTITUTE A QUORUM; AND ONCE A QUORUM HAS BEEN ESTABLISHED, THE ACT OF A MAJORITY OF THE ELECTED DIRECTORS AND VOTING EX-OFFICIO DIRECTORS PRESENT AT A MEETING AT WHICH A QUORUM IS PRESENT WILL BE THE ACT OF THE BOARD. 4. THE CHIEF OPERATING OFFICER (COO) OF THE FOUNDATION, AN EX-OFFICIO OFFICER, WILL BE THE ASSOCIATE PRESIDENT ADVANCEMENT/ALUMNI AFFAIRS. DESCRIBE THE PROCESS USED BY MANAGEMENT &/OR GOVERNING BODY TO REVIEW 990 FORM 990, PART VI, LINE 11B 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. DESCRIPTION OF PROCESS TO MONITOR TRANSACTIONS FOR CONFLICTS OF INTEREST FORM 990, PART VI, 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. OFFICES & POSITIONS FOR WHICH PROCESS WAS USED & YEAR PROCESS WAS BEGUN FORM 990, PART VI, LINE 15a & 15b 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. AVAIL OF GOV DOCS, CONFLICT OF INTEREST POLICY, & FIN STMTS TO GEN PUBLIC FORM 990, PART VI, 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. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 5 NET UNREALIZED GAINS ON INVESTMENTS $19,954,897 UNIV CENTRAL FLORIDA REAL ESTATE FND LLC 12424 RESEARCH PKWY STE 140 ORLANDO FL 32826 596211832 REAL ESTATE FL 0 28701403 NA KNIGHTS KROSSING STUDENT HOUSING LLC 12424 RESEARCH PKWY STE 140 ORLANDO FL 32826 596211832 REAL ESTATE FL 0 9733000 NA