2024-05-13T12:05:58-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2022-07-01 510224117 FLAGLER COLLEGE ENDOWMENT FUND C/O VP FOR BUSINESS SERVICES & CFO FLAG 9048268613 74 KING STREET ST AUGUSTINE FL 32084 STACEY M MATTHEWS VP OF BUSINESS SERVICES & CFO 9048268613 2024-05-10 1 STACEY MATTHEWS 999009999 1 AMY CHAPMAN P00843460 4078021200 2024-05-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LEWIS POLLARD 74 KING STREET ST AUGUSTINE FL 32084 34039536 0 X N/A X 1978 VA TO HELP SUPPORT THE OPERATIONS OF FLAGLER COLLEGE, INC. 7 7 0 7 13824 10642 0 0 0 0 1983823 -1075344 0 0 1983823 -1075344 1367452 1454144 0 0 0 0 0 0 0 161100 248800 1528552 1702944 455271 -2778288 57897282 49345251 2016306 1901642 55880976 47443609 THE MISSION OF THE FLAGLER COLLEGE ENDOWMENT FUND IS TO EXCLUSIVELY PROVIDE SUPPORT TO FLAGLER COLLEGE SO THAT STUDENTS CAN EXCEL IN ACQUIRING KNOWLEDGE AND EXERCISING GOOD CITIZENSHIP WHILE ADHERING TO HIGH ETHICAL STANDARDS. 0 0 1454144 1454144 THE COLLEGE HAS A POLICY, APPROVED BY THE BOARD OF DIRECTORS, TO APPROPRIATE A DISTRIBUTION EACH YEAR IN SUPPORT OF FLAGLER COLLEGE OPERATIONS, TO PROVIDE FUNDING FOR STUDENT SCHOLARSHPS, INSTRUCTIONAL SUPPORT AND ADMINISTRATION. FOR THE YEAR ENDED JUNE 30, 2023, SUPPORT TOTALLED $1,454,144 TO FLAGLER COLLEGE. 1454144 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 1 1 1 BF 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X STACEY M MATTHEWS 9048268613 74 KING STREET ST AUGUSTINE FL 32084 LEWIS B POLLARD PRESIDENT 1.00 2.00 X X 0 0 0 BRIAN L WILSON VICE PRESIDENT 1.00 2.00 X X 0 0 0 DAVID C DRYSDALE SECRETARY/TREASURER 1.00 2.00 X X 0 0 0 BRADFORD SAUER DIRECTOR 1.00 2.00 X 0 0 0 RANDAL L RINGHAVER DIRECTOR 1.00 2.00 X 0 0 0 FRANK C STEINEMANN DIRECTOR 1.00 2.00 X 0 0 0 WILLIAM J LONGAN DIRECTOR 1.00 2.00 X 0 0 0 STACEY M MATTHEWS EX-OFFICIO TREASURER 1.00 49.00 X 0 156514 36662 DAVID L CARSON THRU 622 FORMER EX-OFFICIO TREASURER 0.00 0.00 X 0 198797 33980 0 355311 70642 0 1 1 0 0 840862 13824 827038 33198674 35114880 -1916206 -1916206 -1916206 -1075344 0 13824 -1089168 1454144 1454144 250 250 22918 22918 105343 105343 STOCKING ISLAND EXPENSE 98685 98685 PROPERTY TAXES & OTHER 21604 21604 1702944 1454144 248800 0 1255594 1233900 28878688 30188351 27763000 17923000 57897282 49345251 2016306 1901642 2016306 1901642 X 55880976 47443609 55880976 47443609 57897282 49345251 -2778288 -5659079 0 X 0 1 X 1 0 X X 1 FLAGLER COLLEGE INC 591157081 2 1 1454144 0 1 1454144 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 55880976 -6839766 1454144 143457 47443609 41900089 15438363 1367452 90024 55880976 36703502 6609580 1312268 100725 41900089 36810348 1305139 1303900 108085 36703502 36470440 1516028 1045100 131020 36810348 1.00000 0 0 0 STOCKING ISLAND LIMITED COMMON STOCK 17923000 F 17923000 DUE TO RELATED PARTY 1901642 1901642 X -6839766 -5659079 -5659079 -1180687 105343 105343 -1075344 1597601 0 1597601 105343 105343 1702944 PART X, LINE 2: THE FUND IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS AN EXEMPT CHARITABLE CORPORATION PER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, HAS NO PROVISION FOR INCOME TAXES. IN ADDITION, THE FUND QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE FUND TO EVALUATE TAX POSITIONS TAKEN BY THEMSELVES AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE FUND HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FUND, AND HAS CONCLUDED THAT AS OF JUNE 30, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE FUND IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. SCHEDULE D, PART V: THE COLLEGE DRAWS FROM THE ENDOWMENT ONCE A YEAR TO FUND OPERATIONS. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 1 LAND HOLDING, SALES, AND RENTAL ACTIVITIES. 18043289 0 1 0 0 0 1 18043289 0 18043289 0 0 1 0 0 0 PART I, LINE 3: THE METHOD USED TO ACCOUNT FOR EXPENDITURES IS IN COMPLIANCE WITH U.S. ACCOUNTING STANDARDS. PART III ACCOUNTING METHOD: 1 FLAGLER COLLEGE INC 74 KING STREET ST AUGUSTINE FL 32084 591157081 501(C)(3) 1454144 0 N/A N/A PROVIDE OPERATIONAL SUPPORT FOR THE COLLEGE 1 0 PART I, LINE 2: THE FOUNDATION ONLY MAKES GRANTS TO ITS SUPPORTED ORGANIZATION, FLAGLER COLLEGE, INC. (EIN: 59-1157081) NO FORMAL MONITORING IS REQUIRED. 1 0 0 0 0 0 0 0 0 DAVID L CARSON THRU 622 FORMER EX-OFFICIO TREASURER 0 197788 0 0 0 1009 0 10778 0 23202 0 232777 0 0 STACEY M MATTHEWS EX-OFFICIO TREASURER 0 155777 0 0 0 737 0 16286 0 20376 0 193176 0 0 PART I, LINE 4A DAVID CARSON RECEIVED SEVERANCE PAY OF $97,784 FROM FLAGLER COLLEGE WHEN HE LEFT JUNE 2022. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE ORGANIZATION'S BOARD OF TRUSTEES PRIOR TO SUBMISSION WITH THE IRS. AS A MATTER OF PROCEDURE, THE BOARD OF DIRECTORS REVIEWS THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS SHALL BE ASKED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM ON AN ANNUAL BASIS. COPIES WILL BE MADE AVAILABLE TO THE EXECUTIVE COMMITTEE AND THE AUDIT COMMITTEE FOR THEIR REVIEW. A DIRECTOR SHALL DISCLOSE TO THE BOARD ANY POTENTIAL CONFLICT OF INTEREST AT THE EARLIEST PRACTICABLE TIME, AND WILL ABSENT HIMSELF OR HERSELF FROM ANY SITUATION IN WHICH A CONFLICT OF INTEREST COULD INFLUENCE DECISION MAKING. A DECLARATION BY A BOARD DIRECTOR OF EVERY CASE IN WHICH HE OR SHE HAS A POTENTIAL CONFLICT OF INTEREST IS AN EFFECTIVE MEANS OF ENSURING THE BOARD'S INTEREST IN BEING VIGILANT. NO DIRECTOR SHALL VOTE ON ANY MATTER, UNDER CONSIDERATION AT A BOARD OR COMMITTEE MEETING, IN WHICH SUCH DIRECTOR HAS A CONFLICT OF INTEREST. THE MINUTES OF SUCH MEETING SHALL REFLECT DISCLOSURE OF ANY CONFLICT OF INTEREST AND THE RECUSAL OF THE INTERESTED DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FLAGLER COLLEGE INC 74 KING STREET ST AUGUSTINE FL 32084 591157081 EDUCATION FL 501(C)(3) LINE 2 N/A 0 JESSIE KENAN WISE FOUNDATION 74 KING STREET ST AUGUSTINE FL 32084 566040717 SUPPORTING ORGANIZATION NC 501(C)(3) LINE 12A, I FLAGLER COLLEGE INC 1 STOCKING ISLAND LIMITED PROVIDENCE HOUSE PO BOX N-3910 NASSAU BF LAND HOLDING, LEASING AND SALE BF FLAGLER COLLEGE ENDOWMENT FUND C 1321201 3177847 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 FLAGLER COLLEGE INC B 1454144 CASH VALUE