2024-05-13T11:49:08-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2022-07-01 566040717 JESSIE KENAN WISE FOUNDATION C/O VP FOR BUSINESS SERVICES & CFO JESS 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 7200 LEETON FOREST LANE WARRENTON VA 20186 6810578 0 X N/A X 1960 NC TO HELP SUPPORT THE OPERATIONS OF FLAGLER COLLEGE, INC. 7 7 0 7 3356 678 0 0 0 0 343927 -197516 0 0 343927 -197516 265180 304637 0 0 0 0 0 0 0 25230 35465 290410 340102 53517 -537618 6044717 6265876 109080 368963 5935637 5896913 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 304637 304637 THE ANNUAL DISTRIBUTION TO THE COLLEGE IS BASED ON AN AMOUNT COMPUTED AS A PERCENTAGE OF THE FAIR MARKET VALUE, UNDER THE TERMS OF THE ORIGINAL TRUST AGREEMENT. FUNDS ARE USED TO SUPPORT FLAGLER COLLEGE OPERATIONS AND STUDENT SCHOLARSHIPS, IN FURTHERANCE OF THE MISSION OF THE COLLEGE. 304637 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 0 0 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 0 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 STEINMANN JR 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 182855 3356 179499 6627723 7008094 -380371 -380371 -380371 -197516 0 3356 -200872 304637 304637 14257 14257 21208 21208 340102 304637 35465 0 6044717 6265876 6044717 6265876 109080 368963 109080 368963 X 5935637 5896913 5935637 5896913 6044717 6265876 -537618 498894 0 X 0 1 X 1 0 X X 1 FLAGLER COLLEGE INC 591157081 2 1 304637 0 1 304637 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 5935637 280170 304637 14257 5896913 6533865 -322018 265180 11030 5935637 5472506 1357065 283061 12645 6533865 5625038 151658 286067 18123 5472506 5579771 353043 287803 19973 5625038 0.28800 0.71200 0 1 1 0 DUE TO CUF 368963 368963 X 280170 498894 498894 -218724 21208 21208 -197516 318894 0 318894 21208 21208 340102 PART V, LINE 4: THIS ORGANIZATION'S ENDOWMENT IS MAINTAINED AND ADMINISTERED BY FLAGLER COLLEGE ENDOWMENT FUND (EIN:51-0224117) FOR THE BENEFIT OF FLAGLER COLLEGE, ACCORDING TO DONOR RESTRICTIONS FOR SCHOLARSHIPS AND PROGRAMS. PART X, LINE 2: THE FOUNDATION APPLIED TO THE INTERNAL REVENUE SERVICE (IRS) ON JULY 1, 1980, TO TERMINATE ITS STATUS AS A PRIVATE FOUNDATION TO PROVIDE AN EXEMPTION FROM FURTHER EXCISE TAXES. THE IRS REGULATIONS ALLOWED THIS EXEMPTION PROVIDED THAT THE FOUNDATION MEETS VARIOUS REGULATIONS OVER A 60-MONTH PERIOD. EFFECTIVE FOR FISCAL YEARS BEGINNING AFTER JUNE 30, 1985, THE FOUNDATION IS CLASSIFIED AS AN ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, HAS NO PROVISION FOR INCOME TAXES. IN ADDITION, THE FOUNDATION 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 FOUNDATION TO EVALUATE TAX POSITIONS TAKEN BY THEMSELVES AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION 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 FOUNDATION, 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 FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. 1 FLAGLER COLLEGE INC 74 KING STREET ST AUGUSTINE FL 320851027 591157081 501(C)(3) 304637 0 N/A N/A PROVIDE SUPPORT FOR THE COLLEGE 1 0 PART I, LINE 2: THE TRUST 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 FOUNDATION'S BOARD OF DIRECTORS PRIOR TO SUBMISSION WITH THE IRS. AS A MATTER OF PROCEDURE, THE BOARD OF DIRECTORS REVIEWS THE FORM 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES 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 TRUSTEE 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 TRUSTEE 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 TRUSTEE 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 TRUSTEE. 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 FLAGLER COLLEGE ENDOWMENT FUND 74 KING STREET ST AUGUSTINE FL 32084 510224117 PROVIDING SUPPORT TO FLAGLER COLLEGE VA 501(C)(3) LINE 12B, II FLAGLER COLLEGE INC 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 FLAGLER COLLEGE INC B 304637 CASH VALUE