2011-04-18T14:52:47-04:00 2010-06-30 BKD LLP 190 E Capitol Street Suite 500 Jackson MS 392012190 990 2009-07-01 646022505 The University of Southern MS Foundation UNIV 6012665210 118 College Drive 5210 Hattiesburg MS 39406 Robert D Pierce II 2011-05-16 Penny Wood CPA 6019486700 2009 2016-02-24 21:20:13Z X Robert D Pierce II 118 College Drive 5210 Hattiesburg MS 39406 26416481 false X www.usmfoundation.com X 1959 MS The mission of the University of Southern Mississippi Foundation is to build relationships with alumni and friends in order to secure private funds for the benefit of the University of Southern Mississippi. 39 39 0 50 0 0 10647023 11419850 0 0 -1292871 2000672 150843 176303 9504995 13596825 7090267 5298838 0 0 0 0 0 0 215261 1549852 2633413 8640119 7932251 864876 5664574 74181102 82137554 2405643 2130488 71775459 80007066 The mission of the University of Southern Mississippi Foundation is to build relationships with alumni and friends in order to secure private funds and other resources for the benefit of the University of Southern Mississippi. As a non-profit organization, the Foundation receives, invests and distributes private gifts in support of the University's mission. The Foundation provides service to our donors, our University and our community by encouraging commitment and investment in the future of the University. false false 5293555 5293555 Scholarships and transfers to support the University of Southern Mississippi 1839983 Other designated items, commodities and contractual services in support of the University of Southern Mississippi 7133538 true true false true false false false false true true false true false false false false false false false false false true true true false false false false false false false false true false false false true true false false false true 49 0 0 false false false false false true true false false false 39 39 false false true false false false false true true false false true true true true true true true false X X JENNIFER BOUCHER CFO 6012666994 118 COLLEGE DRIVE 5210 Hattiesburg MS 39406 X Mr W Reed Allison Jr 1.0 X 0 0 0 Mrs Hope P Broome 1.0 X 0 0 0 Mr James W Carraway 1.0 X 0 0 0 Mr Mark Cumbest 1.0 X 0 0 0 Dr Beverly Dale 1.0 X 0 0 0 Dr Tom Estes Jr 1.0 X 0 0 0 Ms Kimberly S Gallaspy 1.0 X 0 0 0 Mrs Judith D Haik 1.0 X 0 0 0 Dr Michael Herrington 1.0 X 0 0 0 Mr Al Herron 1.0 X 0 0 0 Mr Warren A Hood Jr 1.0 X 0 0 0 Mr Robert T Jackson Sr 1.0 X 0 0 0 Mrs Gwen C James 1.0 X 0 0 0 Mr Rickey D Jones 1.0 X 0 0 0 Mrs Linda Bounds Keng 1.0 X 0 0 0 Mr Burrell Kyzar 1.0 X 0 0 0 Captain Karl Langenbach 1.0 X 0 0 0 Ms Adele C Lyons 1.0 X 0 0 0 Dr Alan D Lucas 1.0 X 0 0 0 Mr Tommy O Mann 1.0 X 0 0 0 Mr Thomas P McDonnell III 1.0 X 0 0 0 Mr Sean P McGee 1.0 X 0 0 0 Dr Lynn B McMahan 1.0 X 0 0 0 Mrs Becky Montague 1.0 X 0 0 0 Mr Abb Payne 1.0 X 0 0 0 Mr Randy Pope 1.0 X 0 0 0 Mr Tom Potter 1.0 X 0 0 0 Mrs Lou Ann Poynter 1.0 X 0 0 0 Mr Mike Ratliff 1.0 X 0 0 0 Hon Luke J Schissel 1.0 X 0 0 0 Ms Kathleen A Shaughnessy 1.0 X 0 0 0 Mr Lee Sims 1.0 X 0 0 0 Mr Kenneth Stevens 1.0 X 0 0 0 Dr Jon D Thornton 1.0 X 0 0 0 Mrs Jean Welsh 1.0 X 0 0 0 Dr Fred H Drews III 1.0 X X 0 0 0 Mr Carl Nicholson 1.0 X X 0 0 0 Mr Powell G Ogletree Jr 1.0 X X 0 0 0 Mr Raymond E Van Norman 1.0 X X 0 0 0 Dr David F Wolf 36.0 X 0 192438 4332 Mr Robert D Pierce II 40.0 X 0 104696 4332 0 297134 8664 0 false true false Blackbaud Inc 2000 Daniel Island Drive CHARLESTON SC 29492 Consulting 257985 1 11419850 261391 11419850 0 1516625 1516625 0 0 13063715 234738 12520953 293453 542762 -58715 484047 484047 0 0 3375 5250 -1875 -1875 Miscellaneous Income 900099 178178 178178 178178 13596825 0 0 2176975 5293555 5293555 5283 5283 0 0 0 0 0 0 0 0 0 453 442 11 51400 51400 0 0 446559 416991 29568 206633 178525 19700 8408 111225 60607 34937 15681 133614 47404 28818 57392 271712 743 201445 69524 0 567 66 501 137850 106182 3765 27903 0 216677 180610 35119 948 27779 27779 0 78224 177 78047 82604 69755 12309 540 Capital Outlay 655358 652616 3399 -657 Meals and Entertainment 82977 66725 6239 10013 Dues and Subscriptions 64012 23396 27167 13449 PROFESSIONAL DEVELOPMENT 23751 20064 980 2707 MISCELLANEOUS 22867 10839 2686 9342 19151 19151 7932251 7133538 583452 215261 274875 453473 6298395 11106813 13860 1400 229265 144085 999265 131219 952196 868046 60533784 64522742 2410125 2025328 3468602 3015667 74181102 82137554 464686 402740 1474503 1322113 466454 405635 2405643 2130488 X 1274079 2563938 24999373 30631514 45502007 46811614 71775459 80007066 74181102 82137554 X false true true X false X 12743428 6868493 4062609 10647023 11419850 45741403 12743428 6868493 4062609 10647023 11419850 45741403 6887047 38854356 1032434 1125934 1233509 1092709 1516625 6001211 42214 -1595 44013 194068 178178 456878 52199492 116544 0.74434 0.77580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 11814 11814 false false 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. Numerous expenditures were made mostly for meals and travel. The University also hosts state legislators throughout the year on campus. Total expenditures for lobbying activities for the year were $11,814. 45270806 1232898 3704959 556657 502365 49149641 54797922 2316551 -9002892 1150673 1690102 45270806 0.03205 0.94923 0.01872 false false 473156 473156 6816 6146 670 519293 125073 394220 868046 0 Gift Annuities Payable 402111 Amounts held for Others 3524 405635 13596825 7932251 5664574 2613035 -46002 2567033 8231607 17425165 2613035 1702616 -492561 3823090 13602075 -5250 -5250 13596825 9193558 1702616 5250 1707866 7485692 446559 446559 7932251 Schedule D, Part V, Line 4: The endowment funds are created through donor restrictions and board designations and are intended to be used for the long-term support of the University of Southern Mississippi. Schedule D, Part X, Line 2: In June 2006, the Financial Accounting Standards Board (FASB) issued FASB ASC 740, Income Taxes. FASB ASC 740 clarifies the accounting for uncertainty in tax positions and requires that the Foundation recognize in their consolidated financial statements the impact of a tax position, if that position is more likely than not of being sustained on audit, based on the technical merits of the position. In December 2008, the FASB issued an update to FASB ASC 740 which permitted an entity within its scope to defer the effective date of FASB ASC 740 to its annual financial statements for fiscal years beginning after December 15, 2008. On July 1, 2009, the Foundation adopted the provisions of FASB ASC 740. The provisions did not have a material impact on the consolidated financial statements. Schedule D, Part XI, Line 8: Change in value of split interest agreements ($46,002) Schedule D, Part XII, Line 2d: Decrease in value of split-interest agreements of $46,002 was included in revenue in the financial statements but not on the Form 990. Investment expenses of $446,559 included in expense on the Form 990 but netted with revenue in the financial statements. Schedule D, Part XII, Line 4b: Cost of goods sold of $5,250 were included in expenses on the financial statements but revenue on the Form 990. Schedule D, Part XIII, Line 2d: Cost of goods sold of $5,250 were included in expenses on the financial statements but revenue on the Form 990. true The University of Southern Mississippi 118 College Drive 5143 Hattiesburg MS 39406 646000818 State of MS 5259057 USM Programs University of Southern MS Athletic Foundation 118 College Drive 5017 Hattiesburg MS 39406 640929171 501(c)(3) 34498 USM Athletics 2 Fellowships 3 5283 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. X X true true false false false false false false false false false Dr David F Wolf 0 185000 0 0 0 7438 0 0 0 4332 0 196770 Schedule J, Part I, Line 1a: Travel for companions - Provided to Dr. David F. Wolf, Executive Director, and included in his taxable compensation. Health or social club dues or initiation fees - Provided to Dr. David F. Wolf, Executive Director, and included in his taxable compensation. Schedule J, 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 February of 2008 and approved by the Mississippi Board of Trustees of State Institutions of Higher Learning as documented in the minutes of that Board meeting. X 18 204888 Avg on date of gift X 1 27500 Qualified Appraisal X Landscaping 3 15000 FMV X Geophysical Well Logs 1 4579 Price List X Air Transportation 1 883 FMV X Computer Equipment 2 7999 FMV X Signage 1 297 FMV X Scuba Equipment 1 1 Value Unknown X Symphony Tickets 5 244 FMV 1 false true true PART II, LINE 32A: THE FOUNDATION EMPLOYS REALTORS TO LIST AND SELL CONTRIBUTIONS OF REAL ESTATE. Form 990, Page 6, Part VI, Section A, Line 4: Changes made to the organization's bylaws since the prior Form 990 was filed include adding a provision to define voting members (ex-officio members and elected directors), disallowing non-Board members on the Nominating Committee, adding clarification to the conflict of interest policy, and allowing for electronic notice of a proposed amendment to the bylaws. Form 990, Page 6, Part VI, Section B, Line 11A: The Finance Committee and the Board received the 2009 Form 990 draft via email for review prior to being filed. Comments were addressed and the form was updated as necessary. Form 990, Page 6, Part VI, Section B, Line 12c: Each year, each member of the board and each member of all committees, subcommittees and councils sign a written statement certifying that they agree and are in compliance with the policy. Form 990, Page 6, 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. 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 February of 2008 and approved by the Mississippi Board of Trustees of State Institutions of Higher Learning as documented in the minutes of that Board meeting. Form 990, Page 6, Part VI, Section C, Line 19: Generally, the University of Southern Mississippi Foundation does not make its governing documents or its conflict of interest policy available to the public. However, the audited financial statements are available online at the Foundation's website and by request. They are also published in the Foundation's annual report. Foundation Aviation Holdings LLC 118 College Drive 5210 Hattiesburg MS 39406 263637085 Pers. Prop. MS 66259 1419116 NA University of Southern Mississippi 118 College Drive 5143 Hattiesburg MS 39406 646000818 Education MS NA false true false false false false false false false false false false true true true false true false