2024-05-13T08:34:01-05:00 2023-06-30 593204548 JAMES MOORE & CO PL 5931 NW 1ST PL GAINESVILLE FL 326072063 990 2022-07-01 590917284 FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC FLOR 5612976144 777 GLADES ROAD ADM 247 BOCA RATON FL 334316424 DAVID KIAN INTERIM CEO 5612972892 2024-05-15 1 DAVID KIAN 999009999 0 KEN KURDZIEL P00060407 3523781331 2024-05-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAVID KIAN 777 GLADES ROAD ADM 247 BOCA RATON FL 334316424 316880580 0 X HTTPS://FAUF.FAU.EDU/ X 1960 FL TO SUPPORT FLORIDA ATLANTIC UNIVERSITY. 22 21 0 30 -92443 0 34290038 32459946 112003 290731 43498824 17139361 1419677 1599320 79320542 51489358 10684991 25132279 0 0 7243777 0 18000 0 1439975 15863917 7930571 33810685 33062850 45509857 18426508 416051768 437211157 53507741 51174330 362544027 386036827 X THE MISSION OF THE FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC. IS TO ENCOURAGE, PROMOTE, AND PROVIDE FUNDS AND OTHER RESOURCES FOR THE BENEFIT OF FLORIDA ATLANTIC UNIVERSITY (A PART OF THE FLORIDA STATE UNIVERSITY SYSTEM) IN FURTHERANCE OF ITS (CONTINUED ON SCHEDULE O) MISSIONS AND PURPOSES. 0 0 9223166 4656832 290731 PROVIDED GENERAL SUPPORT TO THE FLORIDA ATLANTIC UNIVERSITY IN THE FORM OF PAYMENTS SUCH AS BUT NOT LIMITED TO GUEST LECTURERS, OPERATIONAL AND CONFERENCE EXPENSES, TRAVEL, CONSULTING, AND EVENTS. 10942637 10942637 PROVIDED 1,831 STUDENTS WITH SCHOLARSHIPS FROM PHILANTHROPIC CONTRIBUTIONS. 9532810 9532810 PROVIDED SUPPORT FOR THE SALARIES OF THE UNIVERSITY'S EMINENT SCHOLARS, PROFESSORS, AND OTHER FACULTY AND STAFF. 29698613 1 1 0 1 0 0 1 1 1 1 1 1 0 1 1 1 1 1 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 84 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 22 21 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 FL AL AK AR CA CO CT GA HI IL KS KY ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X X X MICHELLE DEPALMA 5612972892 777 GLADES ROAD ADM 247 BOCA RATON FL 334316424 ZACHARY BERG INVESTMENT COMMITTEE & RE COMMITTEE CHAIR 2.00 0.00 X 0 0 0 PHYLLIS GLADSTEIN IMMEDIATE PAST SECRETARY 0.50 0.00 X X 0 0 0 STEWART MARTIN IMMEDIATE PAST CHAIR 0.50 0.00 X X 0 0 0 STEVEN SCHMIDT CHAIR 2.00 0.00 X X 0 0 0 STACY VOLNICK INTERIM FAU PRESIDENT, AS OF 1/1/23 0.50 40.00 X 0 438612 67402 BRIAN POULIN VICE CHAIR AND TREASURER 2.00 0.00 X X 0 0 0 CHERYL WILKE SECRETARY 2.00 0.00 X X 0 0 0 PATRICIA MCKAY AUDIT COMMITTEE CHAIR 2.00 0.00 X 0 0 0 ED VENTRICE PHILANTHROPY COMMITTEE CHAIR 2.00 0.00 X 0 0 0 JOHN KELLY FAU PRESIDENT, UNTIL 12/31/22 0.50 40.00 X 0 1080994 50262 WILLIAM E MORRIS DIRECTOR 0.50 0.00 X 0 0 0 SALLY ROWLEY-WILLIAMS DIRECTOR 0.50 0.00 X 0 0 0 RICHARD STONE DIRECTOR 0.50 0.00 X 0 0 0 RAUL VALERO DIRECTOR 0.50 0.00 X 0 0 0 RAFAEL CARDOZO DIRECTOR 0.50 0.00 X 0 0 0 PETER MOORE DIRECTOR 0.50 0.00 X 0 0 0 PAUL KILGALLON DIRECTOR 0.50 0.00 X 0 0 0 PAMELA RONDI NOEL DIRECTOR 0.50 0.00 X 0 0 0 DANIEL JOSEPH DIRECTOR 0.50 0.00 X 0 0 0 MICHAEL L MILLER DIRECTOR 0.50 0.00 X 0 0 0 MICHAEL YOON LIMITED PURPOSE DIRECTOR 0.50 0.00 X 0 0 0 KEITH SANDERS DIRECTOR 0.50 0.00 X 0 0 0 BARBARA FEINGOLD FAU BOT REPRESENTATIVE 0.50 0.00 X 0 0 0 CHRISTOPHER DELISIO CEO, UNTIL 6/26/23 40.00 0.00 X 0 457894 55694 STACEY BELL CFO, UNTIL 7/15/22 40.00 0.00 X 0 198525 25607 DAVID KIAN INTERIM CEO, AS OF 6/26/23 0.50 40.00 X 0 333295 49072 MICHELLE DEPALMA CFO, AS OF 12/12/22 40.00 0.00 X 0 7663 719 DAVID GREEN INTERIM VP OF INSTITUTIONAL ADVANCEMENT 40.00 0.00 X 0 227625 39712 MICHAEL O MILLER DIRECTOR OF ADVANCEMENT 0.00 40.00 X 0 178367 35930 LAURIE CARNEY SENIOR DIRECTOR OF DEVELOPMENT1 0.00 40.00 X 0 188334 29954 KELLY KIRKPATRICK-MARMOL DIRECTOR OF ADVANCEMENT 0.00 40.00 X 0 183131 36402 KRISTINA GREGG EXECUTIVE DIRECTOR OF ADVANCEMENT 0.00 40.00 X 0 178923 35108 AMANDA NICKESON ASSISTANT VP OF DEVELOPMENT 0.00 40.00 X 0 200729 27301 0 3674092 453163 0 0 1 0 0 263066 45965 32150915 1036050 32459946 SPONSORSHIP REVENUE 900099 145506 145506 ALUMNI DUES 900099 145225 145225 290731 7337246 -92443 7429689 370 370 1529729 0 1529729 1529729 1529729 273975530 264173415 9802115 9802115 9802115 1218048 263066 1217807 241 241 OTHER INCOME 900099 68980 68980 68980 51489358 290731 -92443 18831124 25132279 25132279 35985 31026 4959 12231 11691 540 521987 6320 515667 262128 262128 643395 643395 866218 132808 733410 260997 127088 121118 12791 365566 365566 34120 5050 29070 427183 321113 95766 10304 352463 326910 25553 134083 134083 1237458 1237458 96971 96971 RESEARCH 1158283 1158283 EVENTS HOSTED 946325 470921 147014 328390 MEALS AND SPONSORSHIPS 351174 64553 286621 EQUIPMENT PURCHASED 77813 77813 146191 107342 38849 33062850 29698613 1924262 1439975 2936016 7529957 68675571 76583254 15228930 17934583 458718 623432 313273 376835 22054464 34000 22021029 22020464 191917378 206228138 71101205 63103209 43399648 42811285 416051768 437211157 820294 1094255 3485582 5409726 32148 6567 49169717 44663782 53507741 51174330 X 31126212 38978815 331417815 347058012 362544027 386036827 416051768 437211157 18426508 5066292 0 X 0 1 X 1 0 X 32774778 12374028 35686243 34290038 32459946 147585033 88949 88949 32863727 12374028 35686243 34290038 32459946 147673982 14553408 133120574 6062507 5580196 2167834 5349277 8959788 28119602 301809 23165 57357 68980 451311 176244895 3146860 0.75530 0.85380 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 262128 262128 32800722 33062850 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 272459 247640 269152 262128 1051379 250000 250000 250000 250000 1000000 1500000 X 1 5.00 1 0 X X 0 1 32148 25581 6567 0 258127394 6990216 19224021 2844061 6412835 7645001 267439734 294935557 5440015 -24640344 2688683 9708686 5210465 258127394 222164147 7072475 74631244 2066791 3503616 3361902 294935557 227519618 3573786 1365733 2350103 4753149 3191738 222164147 228162005 4259102 8746407 2187250 8393718 3066928 227519618 0.01000 0.98000 0.01000 1 0 4439639 4439639 34000 34000 0 17580825 17580825 22020464 ALTERNATIVE INVESTMENTS 63103209 F 63103209 LEASE RECEIVABLE 38523948 DUE FROM FAU 3866000 DUE FROM PRIMARY GOVERNMENT 421337 42811285 CERTIFICATES OF PARTICIPATION 3866000 ANNUITIES PAYABLE 250150 DEFERRED INFLOWS 37679520 ESCHEATMENTS 57590 DUE TO PRIMARY GOVERNMENT 2810522 44663782 X 57239890 5066292 109828 5176120 52063770 643395 -1217807 -574412 51489358 33747090 109828 1217807 1327635 32419455 643395 643395 33062850 PART IV, LINE 1B: THE UNIVERSITY ACQUIRED THE HARBOR BRANCH OCEANOGRAPHIC INSTITUTE (HBOI), A RESEARCH INSTITUTE, ON JANUARY 1, 2008. DURING THE INITIAL TRANSFER, THE FOUNDATION ACQUIRED FUNDS TO BE MANAGED ON BEHALF OF A SEPARATE DIRECT SUPPORT ORGANIZATION, HBOI FOUNDATION, FOR THE BENEFIT OF THE RESEARCH INSTITUTE. PART V, LINE 4: THE FOUNDATION HAS FULLY ENDOWED FUNDS ESTABLISHED FOR THE SUPPORT OF THE STUDENTS, PROGRAMS AND FACULTY OF THE VARIOUS COLLEGES AT FLORIDA ATLANTIC UNIVERSITY. ENDOWMENTS INCLUDE BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE FOUNDATION OR COLLEGE TO FUNCTION AS ENDOWMENTS. PART X, LINE 2: THE FOUNDATION QUALIFIES AS A NONPROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), WITH THE EXCEPTION OF ANY UNRELATED BUSINESS INCOME. MANAGEMENT HAS EVALUATED THE UNRELATED BUSINESS INCOME TAX IMPLICATIONS AND BELIEVES THAT THE EFFECTS, IF ANY, ARE IMMATERIAL TO THE FOUNDATION'S FINANCIAL STATEMENTS. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE TO THESE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES REPORTED ON 990 PART VIII -1,217,807. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES REPORTED ON 990 PART VIII 1,217,807. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM CONFERENCES AND RESEARCH 112794 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM CONFERENCES AND RESEARCH 133721 EAST ASIA AND THE PACIFIC 0 0 PROGRAM CONFERENCES AND RESEARCH 60424 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM CONFERENCES AND RESEARCH 15579 NORTH AMERICA 0 0 PROGRAM CONFERENCES AND RESEARCH 11399 SOUTH AMERICA 0 0 PROGRAM CONFERENCES AND RESEARCH 7696 SOUTH ASIA 0 0 PROGRAM CONFERENCES AND RESEARCH 4699 SUB-SAHARAN AFRICA 0 0 PROGRAM CONFERENCES AND RESEARCH 1932 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 4083768 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 9414381 MIDDLE EAST AND NORTH AFRICA 0 0 INVESTMENTS 2769050 0 0 0 0 0 0 348244 16267199 16615443 1 0 1 1 1 0 PART III ACCOUNTING METHOD: PRESIDENT'S GALA 435950 5000 430950 18801 295838 6590 456167 GOLF TOURNAMENT 232791 232791 87929 68130 12 812373 258066 554307 1735 77692 8060 196865 1481114 263066 1218048 20536 461459 14650 721162 1217807 241 1 FLORIDA ATLANTIC UNIVERSITY PO BOX 3091 BOCA RATON FL 33431 650385507 501(C)(3) 0 10705176 STUDENT SCHOLARSHIPS FLORIDA ATLANTIC UNIVERSITY PO BOX 3091 BOCA RATON FL 33431 650385507 501(C)(3) 0 14189642 ACADEMIC, RESEARCH AND INSTITUTIONAL SUPPORT FLORIDA PREPAID COLLEGE FOUNDATION PO BOX 31242 TAMPA FL 33641 593012202 501(C)(3) 0 237461 STUDENT SCHOLARSHIPS 2 0 PART I, LINE 2: THE FOUNDATION SENDS FUNDS TO THE UNIVERSITY FOR STUDENT SCHOLARSHIPS. THE UNIVERSITY DETERMINES THE SCHOLARSHIP RECIPIENTS ACCORDING TO DONOR SCHOLARSHIP CRITERIA. ALL QUALIFYING CRITERIA ARE LISTED ON THE AWARD SHEET AND SENT TO THE FOUNDATION. THE FUNDS ARE SENT TO THE UNIVERSITY AFTER THE OFFICE OF STUDENT FINANCIAL AID VERIFIES THE STUDENT'S STATUS. THE FOUNDATION HAS ACCESS TO STUDENT SCHOLARSHIP REPORTS AND WILL REQUEST REFUNDS FOR ANY SCHOLARSHIP NOT AWARDED DUE TO A CHANGE IN THE STUDENT'S STATUS. 0 0 0 0 0 0 0 0 0 JOHN KELLY FAU PRESIDENT, UNTIL 12/31/22 0 517261 0 501500 0 62233 0 28526 0 21736 0 1131256 0 0 CHRISTOPHER DELISIO CEO, UNTIL 6/26/23 0 363586 0 75000 0 19308 0 34038 0 21656 0 513588 0 0 STACY VOLNICK INTERIM FAU PRESIDENT, AS OF 1/1/23 0 392571 0 30000 0 16041 0 58198 0 9204 0 506014 0 0 DAVID KIAN INTERIM CEO, AS OF 6/26/23 0 291879 0 28900 0 12516 0 27325 0 21747 0 382367 0 0 DAVID GREEN INTERIM VP OF INSTITUTIONAL ADVANCEM 0 215157 0 5000 0 7468 0 19856 0 19856 0 267337 0 0 AMANDA NICKESON ASSISTANT VP OF DEVELOPMENT 0 193288 0 0 0 7441 0 18097 0 9204 0 228030 0 0 STACEY BELL CFO, UNTIL 7/15/22 0 197960 0 0 0 565 0 14024 0 11583 0 224132 0 0 KELLY KIRKPATRICK-MARMOL DIRECTOR OF ADVANCEMENT 0 176744 0 0 0 6387 0 16546 0 19856 0 219533 0 0 LAURIE CARNEY SENIOR DIRECTOR OF DEVELOPMENT1 0 181793 0 0 0 6541 0 20750 0 9204 0 218288 0 0 MICHAEL O MILLER DIRECTOR OF ADVANCEMENT 0 171694 0 0 0 6673 0 16074 0 19856 0 214297 0 0 KRISTINA GREGG EXECUTIVE DIRECTOR OF ADVANCEMENT 0 172391 0 0 0 6532 0 16140 0 18968 0 214031 0 0 PART I, LINE 3 THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES AND DOES NOT PROVIDE ANY OFFICER, DIRECTOR, OR OTHER REPRESENTATIVE WITH ANY COMPENSATION. MEMBERS ARE COMPENSATED THROUGH FLORIDA ATLANTIC UNIVERSITY, A RELATED ORGANIZATION, WHERE THERE IS REVIEW AND APPROVAL BY THE BOARD OF TRUSTEES. A UNIVERSITY REPRESENTATIVE DETERMINES THE FAIR COMPENSATION BY POLLING PEER INSTITUTIONS IN THE STATE ON THE MARKET RATE FOR THIS POSITION. THIS MEASURE OBTAINS THE SAME RESULT AS COMPARING THESE INSTITUTION'S FORM 990. ADDITIONALLY, WRITTEN EMPLOYMENT CONTRACTS, ARE ALSO USED IN ESTABLISHING THE CEO'S COMPENSATION. X 1098 FMV X 8 1026046 FMV X 3 330 FMV X LAB EQUIPMENT 3 5821 FMV X GIFT BASKETS 3 2241 FMV X GIFT CARDS 8 515 FMV 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 7B ALL BOARD MEMBER ELECTIONS MUST BE APPROVED BY FLORIDA ATLANTIC UNIVERSITY BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION BOARD HAS DELEGATED THE AUTHORITY TO REVIEW AND APPROVE FORM 990 (AND ALL REQUIRED SCHEDULES) TO THE AUDIT COMMITTEE. AFTER REVIEW BY THE CHIEF FINANCIAL OFFICER AND CHIEF EXECUTIVE OFFICER, THE DRAFT FORM OF THE 990 (AND SCHEDULES) WILL BE INCLUDED IN THE AUDIT COMMITTEE MEETING PACKET. ONCE APPROVED BY THE AUDIT COMMITTEE, THE FOUNDATION WILL SEND THE APPROVED FORM 990 TO ALL BOARD MEMBERS PRIOR TO FILING. THEN THE CEO WILL AUTHORIZE THE TAX PREPARER TO FILE THE FORM 990 AND ALL RELATED SCHEDULES. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS ALL BOARD MEMBERS AND KEY PERSONNEL. THE BOARD AND KEY STAFF REVIEW THE POLICY AND REPORT CONFLICTS ANNUALLY. THE AUDIT COMMITTEE IS AWARE OF ALL REPORTED CONFLICTS. CONFLICTS ARE DETERMINED BY THE BOARD AND STAFF MEMBERS, AND CONFLICTS ARE DISCLOSED AT EACH COMMITTEE WHERE THE PROPOSED ACTION AND THE CONFLICT EXISTS. IF A BOARD MEMBER IS FOUND TO HAVE A CONFLICT THEY ARE ASKED TO DISCLOSE THE CONFLICT, RECUSE THEMSELVES FROM VOTE AND WHEN NECESSARY, LEAVE THE ROOM DURING THE VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER FOR THE FOUNDATION ALSO HOLDS THE TITLE OF VP FOR INSTITUIONAL ADVANCEMENT FOR THE UNIVERSITY. ALTHOUGH THE FOUNDATION MEMBERS SIT ON THE COMMITTEE TO HIRE THIS PERSON, HE/SHE IS PAID BY THE UNIVERSITY. THEREFORE, A UNIVERSITY REPRESENTATIVE WHO DETERMINES THE FAIR COMPENSATION BY POLLING PEER INSTITUTIONS IN THE STATE ON THE MARKET RATE FOR THIS POSITION. THIS MEASURE OBTAINS THE SAME RESULT AS COMPARING THESE INSTITUTION'S FORM 990. THE FOUNDATION DOES NOT HAVE ANY OF ITS OWN EMPLOYEES, BUT RATHER SERVICES REQUIRED ARE PROVIDED BY THE UNIVERSITY. COMPENSATION DATA IS PERIODICALLY PROVIDED BY THE UNIVERSITY TO THE FOUNDATION RELATED TO THE PRESIDENT OF THE UNIVERSITY AND THE CEO OF THE FOUNDATION, BUT THE FOUNDATION'S RESPONSIBILITIES DO NOT EXTEND TO THE OVERSIGHT OF THE COMPENSATION OF THE EMPLOYEES OF THE UNIVERSITY. FORM 990, PART VI, SECTION C, LINE 19 THE FAU FOUNDATION GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 ARE MADE AVAILABLE ON THE ORGANIZATION'S WEBSITE. FLORIDA ATLANTIC UNIVERSITY 777 GLADES ROAD BOCA RATON FL 33431 650385507 PUBLIC UNIVERSITY FL 501(C)(3) LINE 2 0 FLORIDA ATLANTIC UNIVERSITY ALUMNI ASSOCIATION 777 GLADES ROAD BOCA RATON FL 33431 237015697 ALUMNI ASSOCIATION FL 501(C)(3) LINE 10 0 HARBOR BRANCH OCEANOGRAPHIC INSTITUTE FOUNDATION 5600 NORTH US HIGHWAY 1 FORT PIERCE FL 34946 591644333 SUPPORT HARBOR BRANCH OCEANOGRAPHIC INSTITUTE FL 501(C)(3) LINE 7 0 FLORIDA ATLANTIC UNIVERSITY RESEARCH CORPORATION 777 GLADES ROAD BOCA RATON FL 33431 650267991 PUBLIC UNIVERSITY RESEARCH FL 501(C)(3) LINE 2 0 0 1 0 1 1 0 0 0 0 0 0 1 0 1 1 1 0 1 0 FLORIDA ATLANTIC UNIVERSITY B 20282425 CORP. BOOKS IN ACCORDANCE W/ GAAS FAU ALUMNI ASSOCIATION D 34073 CORP. BOOKS IN ACCORDANCE W/ GAAS FLORIDA ATLANTIC UNIVERSITY E 2810522 CORP. BOOKS IN ACCORDANCE W/ GAAS FLORIDA ATLANTIC UNIVERSITY P 2228588 CORP. BOOKS IN ACCORDANCE W/ GAAS FLORIDA ATLANTIC UNIVERSITY O 2600000 CORP. BOOKS IN ACCORDANCE W/ GAAS FLORIDA ATLANTIC UNIVERSITY R 1237458 CORP. BOOKS IN ACCORDANCE W/ GAAS FLORIDA ATLANTIC UNIVERSITY D 474552 CORP. BOOKS IN ACCORDANCE W/ GAAS