2024-05-14T12:40:58-05:00 2023-06-30 593186310 THOMAS HOWELL FERGUSON PA 2615 CENTENNIAL BLVD SUITE 200 TALLAHASSEE FL 32308 990 2022-07-01 452337977 THE FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION INCORPORATED FLOR 8506440766 200 W COLLEGE AVENUE 310 TALLAHASSEE FL 32301 JOHN CARRIGAN TREASURER 8506440766 2024-05-03 1 JOHN CARRIGAN 999009999 0 STACEY T KOLKA P01371120 8506688100 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KEVIN GRAHAM 200 W COLLEGE AVENUE 310 TALLAHASSEE FL 32301 1032714 0 X REALESTATE.FSU.EDU X 2011 FL SEE SCHEDULE O 11 8 3 8 0 0 577207 332718 0 0 -109079 0 1425092 699996 1893220 1032714 378252 0 0 0 186346 206953 0 0 0 794980 888387 1359578 1095340 533642 -62626 18254566 17285323 16740585 15833968 1513981 1451355 X SEE SCHEDULE O 0 0 19530 699996 THE FSU REAL ESTATE FOUNDATION RECEIVES CONTRIBUTIONS OF REAL ESTATE, TO HOLD, MANAGE, LEASE, MORTGAGE, DEVELOP, ADMINISTER OR SELL IN ORDER TO CONTRIBUTE OR DISTRIBUTE ALL OR A PORTION OF THE NET PROCEEDS FROM SUCH ACTIVITY TO THE UNIVERSITY, THE FLORIDA STATE UNIVERSITY FOUNDATION (FSU FOUNDATION), OR SUCH OTHER ENTITY AS THE BOARD MAY DETERMINE APPROPRIATE. THE FSU REAL ESTATE FOUNDATION MAKES EXPENDITURES, GRANTS, CONTRIBUTIONS OR DISTRIBUTIONS TO OR FOR THE BENEFIT OF THE UNIVERSITY, DIRECTLY AND/OR THROUGH THE FSU FOUNDATIONS. 19530 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 8 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 FL X X JOHN CARRIGAN 8506440766 200 W COLLEGE AVENUE STE 310 TALLAHASSEE FL 32301 ADRIENNE RECALDE DIRECTOR 1.00 X 0 0 0 BRIAN K SWAIN PAST CHAIR 1.00 X 0 0 0 DOUG J RILLSTONE VICE CHAIR 1.00 X X 0 0 0 HEATHER CAVE DIRECTOR 1.00 40.00 X 0 88250 30848 JAY M CAPLIN CHAIR 1.00 X X 0 0 0 WILLIAM SWEENEY DIRECTOR 1.00 40.00 X 0 149575 17104 DAVE IRVIN DIRECTOR 1.00 40.00 X 0 241337 45512 FRANK NARDOZZA DIRECTOR 1.00 X 0 0 0 MICHAEL HARTLINE INTERIM PRESIDENT UNTIL 10/1/22 3.00 37.00 X X 0 440934 42945 VIVAN DE LAS CUEVAS-DIAZ DIRECTOR 1.00 X 0 0 0 JOHN CROSSMAN DIRECTOR 1.00 X 0 0 0 KYLE RIVA DIRECTOR 1.00 X 0 0 0 MARLA VICKERS PRESIDENT STARTING 10/1/22 3.00 37.00 X X 0 126188 11377 KEVIN C GRAHAM VICE PRESIDENT 12.00 28.00 X 0 190067 48617 BRADY ADCOX SECRETARY INTERIM STARTING 4/12/23 6.00 40.00 X 0 70018 31799 JOHN CARRIGAN TREASURER 2.00 38.00 X 0 116450 44701 BRICE KAYIRANGA SECRETARY 10/8/22-4/11/23 6.00 40.00 X 0 9628 1697 HOLLY NEWELL FORMER TREASURER 2.00 38.00 X 0 85276 13687 ANDY A JHANJI FORMER PRESIDENT 3.00 37.00 X 0 337032 23566 0 1854755 311853 0 1 1 0 0 331718 1000 332718 699996 0 699996 699996 699996 1032714 699996 0 0 69890 69890 105805 105805 10710 10710 9113 9113 11435 11435 18850 18850 26864 26864 34 34 32979 32979 12588 12588 79 79 16753 16753 1221 1221 379187 379187 340387 2167 338220 35117 35117 PROPERTY CARRYING COSTS 17363 17363 OTHER EXPENSES 3636 3636 ENTERTAINMENT 3329 3329 1095340 19530 1075810 0 1024566 988442 4433 5252 9335 61106 12620000 700273 12260113 11919727 1450000 1450000 3506119 2860796 18254566 17285323 1422 7088 16739163 15826880 16740585 15833968 X 1493933 1503192 20048 -51837 0 0 1513981 1451355 18254566 17285323 -62626 0 X X 0 1 X 1 0 X X X 1 FSU FOUNDATION 596152180 5 1 102556 0 1 102556 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 460000 1948400 2408400 10211600 700273 9511327 11919727 TRUSTS-LIFE ESTATE 1450000 F 1450000 SEMINOLE BOOSTERS LEASE RECEIVABLE 2860796 2860796 DEFERRED INFLOWS OF RESOURCES 4315316 FSU RESEARCH FOUNDATION NOTE 11511564 15826880 X 1058484 25770 25770 1032714 0 1032714 1121110 25770 25770 1095340 0 1095340 PART X, LINE 2: THE FSU REAL ESTATE FOUNDATION IS A NON-PROFIT 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. THE FSU REAL ESTATE FOUNDATION IS CLASSIFIED AS A TYPE I SUPPORTING ORGANIZATION UNDER SECTION 509(A)(3). THE FSU REAL ESTATE FOUNDATION HAS REVIEWED ITS TAX STATUS AND RELATED FILINGS AND DETERMINED THAT THERE ARE NO TAX POSITIONS FOR WHICH AN OBLIGATION NEEDS TO BE RECORDED. 0 0 0 0 0 0 0 0 0 MICHAEL HARTLINE INTERIM PRESIDENT UNTIL 10/1/22 0 374684 0 0 0 66250 0 30442 0 12546 0 483922 0 0 ANDY A JHANJI FORMER PRESIDENT 0 189156 0 0 0 147876 0 15771 0 7846 0 360649 0 0 DAVE IRVIN DIRECTOR 0 241337 0 0 0 0 0 22727 0 22925 0 286989 0 0 KEVIN C GRAHAM VICE PRESIDENT 0 190067 0 0 0 0 0 21937 0 26723 0 238727 0 0 WILLIAM SWEENEY DIRECTOR 0 149575 0 0 0 0 0 17104 0 43 0 166722 0 0 JOHN CARRIGAN TREASURER 0 96450 0 0 0 20000 0 30853 0 13912 0 161215 0 0 PART I, LINE 3 THE FOUNDATION PRESIDENT IS AN EMPLOYEE OF FLORIDA STATE UNIVERSITY, A RELATED ORGANIZATION. HIS/HER COMPENSATION IS REVIEWED AND SET BY THE PRESIDENT OF THE UNIVERSITY, OR HIS/HER DESIGNEE, IN ACCORDANCE WITH THE UNIVERSITY'S POLICIES. THESE POLICIES REQUIRE THAT COMPARABLE DATA BE USED TO DETERMINE THAT MANAGEMENT IS COMPENSATED FAIRLY AND COMPETITIVELY WHEN COMPARED TO SIMILAR ROLES IN OTHER FOUNDATIONS NATIONALLY. FORM 990, PART I, LINE 1 THE FSU REAL ESTATE FOUNDATION AIDS IN THE ADVANCEMENT OF THE UNIVERSITY BY PROVIDING OVERSIGHT AND EXPERTISE FOR THE UNIVERSITY'S REAL ESTATE INITIATIVES. THE FSU REAL ESTATE FOUNDATION SUPPORTS THE UNIVERSITY AND ITS DIRECT SUPPORT ORGANIZATIONS THROUGH ADMINISTERING REAL ESTATE GIFT ACCEPTANCE, STRATEGIC LAND ACQUISITIONS, DEVELOPMENT PROJECT LEADERSHIP AND LONG TERM REAL ESTATE PLANNING. THE FSU REAL ESTATE FOUNDATION STRIVES TO BE THE SOURCE OF KNOWLEDGE AND EXPERTISE FOR THE FLORIDA STATE COMMUNITY WHERE REAL ESTATE IS CONCERNED. FORM 990, PART III, LINE 1 THE FSU REAL ESTATE FOUNDATION AIDS IN THE ADVANCEMENT OF THE UNIVERSITY BY PROVIDING OVERSIGHT AND EXPERTISE FOR THE UNIVERSITY'S REAL ESTATE INITIATIVES. THE FSU REAL ESTATE FOUNDATION SUPPORTS THE UNIVERSITY AND ITS DIRECT SUPPORT ORGANIZATIONS THROUGH ADMINISTERING REAL ESTATE GIFT ACCEPTANCE, STRATEGIC LAND ACQUISITIONS, DEVELOPMENT PROJECT LEADERSHIP AND LONG TERM REAL ESTATE PLANNING. THE FSU REAL ESTATE FOUNDATION STRIVES TO BE THE SOURCE OF KNOWLEDGE AND EXPERTISE FOR THE FLORIDA STATE COMMUNITY WHERE REAL ESTATE IS CONCERNED. FORM 990, PART V, LINE 2A ALL EMPLOYEES OF THE FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION ARE EMPLOYEES OF THE FLORIDA STATE UNIVERSITY, A RELATED ORGANIZATION. DURING CALENDAR YEAR 2022, THERE WERE 3 EMPLOYEES PRIMARILY DEDICATED TO WORKING FOR THE FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS ARE APPOINTED BY UNIVERSITY OR UNIVERSITY DIRECT SUPPORT ORGANIZATION REPRESENTATIVES WITH PRIOR APPROVAL OF THE BOARD CHAIR, UNIVERSITY PRESIDENT, AND FSU FOUNDATION PRESIDENT. ELECTED DIRECTORS ARE REVIEWED AND RECOMMENDED BY THE BOARD DEVELOPMENT COMMITTEE, AND ELECTED BY A MAJORITY VOTE OF THE BOARD WITH PRIOR APPROVAL OF THE UNIVERSITY PRESIDENT. THE DIRECTOR EMERITUS IS THE IMMEDIATE PAST BOARD CHAIR. THE UNIVERSITY BOARD OF TRUSTEES SHALL APPROVE ALL BOARD APPOINTMENTS TO THE FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7B PER THE FLORIDA EXCELLENCES IN HIGHER EDUCATION ACT OF 2018, SIGNED INTO LAW ON MARCH 11, 2018, THE UNIVERSITY BOARD OF TRUSTEES SHALL APPROVE BOARD APPOINTMENTS TO THE FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B THE CFO REVIEWS THE FORM 990 WITH THE EXECUTIVE DIRECTOR AND RESOLVES ANY ISSUES OR QUESTIONS WITH THE INDEPENDENT ACCOUNTING FIRM THAT PREPARES THE FORM. IT IS THE CFO AND EXECUTIVE DIRECTOR'S RESPONSIBILITY TO CONFIRM THAT THIS FORM REPRESENTS THE FSU REAL ESTATE FOUNDATION'S FINANCIAL CONDITION FOR THE PERIOD BEING REPORTED AND DOES NOT CONTAIN ANY UNTRUE STATEMENTS OR OMIT ANY MATERIAL FACTS. THE FSU REAL ESTATE FOUNDATION'S BOARD OF DIRECTORS DELEGATED TO THE AUDIT COMMITTEE THE RESPONSIBILITY FOR THE FINAL REVIEW OF THE DRAFT FORM 990. ONCE THE AUDIT COMMITTEE REVIEW IS COMPLETE, THE DRAFT FORM 990 IS PROVIDED TO EACH VOTING BOARD MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING THE FORM WITH THE IRS. DISTRIBUTION IS IN THE FORM OF ELECTRONIC MAIL. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY ALL DIRECTORS ARE ASKED TO COMPLETE A CONFLICT OF INTEREST FORM. THIS PROCESS IS MONITORED BY STAFF OF THE FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION TO ENSURE THAT COMPLETED FORMS ARE RETURNED BY ALL MEMBERS WITH INDIVIDUAL FOLLOW UP, WHEN NECESSARY. HARD COPIES OF ALL FORMS ARE RETAINED. IT IS THE RESPONSIBILITY OF STAFF OF THE FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION TO INFORM THE BOARD CHAIR AND COMMITTEE CHAIRPERSONS OF ANY EXISTING CONFLICTS SO THAT THEY CAN BE SURE THAT BOARD MEMBERS RECUSE THEMSELVES FROM ANY DISCUSSIONS AND/OR ACTIONS INCLUDING VOTES ON ISSUES WHERE THERE IS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR MANAGEMENT IS REVIEWED AND SET BY THE PRESIDENT OF FSU, OR HIS DESIGNEE, IN ACCORDANCE WITH THE UNIVERSITY'S POLICIES. THESE POLICIES REQUIRE THAT COMPARABLE DATA BE USED TO DETERMINE THAT MANAGEMENT IS COMPENSATED FAIRLY AND COMPETITIVELY WHEN COMPARED TO SIMILAR ROLES IN OTHER FOUNDATIONS NATIONALLY. FORM 990, PART VI, SECTION C, LINE 19 THE FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION'S FINANCIAL STATEMENTS, FORM 990 AND 990-T, IF APPLICABLE, ARE AVAILABLE ON THE FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION'S WEBSITE AND UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH BY IRC SECTION 6104(D). REGULATION SECTION 1.263(A)-1(F) - DE MINIMIS SAFE HARBOR ELECTION TAXPAYER NAME: THE FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION, INC. TAXPAYER ADDRESS: 200 W. COLLEGE AVENUE, TALLAHASSEE, FL 32301 TAXPAYER ID NUMBER: 45-2337977 YEAR-END: 06/30/2023 UNDER IRC REGULATION SECTION 1.263(A)-1(F), THE TAXPAYER HEREBY ELECTS TO APPLY THE DE MINIMIS SAFE HARBOR ELECTION. THE FLORIDA STATE UNIVERSITY 600 W COLLEGE AVENUE TALLAHASSEE FL 32306 591961248 EDUCATION FL 501(C)(3) LINE 2 N/A 0 THE FLORIDA STATE UNIVERSITY FOUNDATION 325 W COLLEGE AVE TALLAHASSEE FL 32301 596152180 DSO FL 501(C)(3) LINE 5 THE FLORIDA STATE UNIVERSITY 0 FSU RESEARCH FOUNDATION 2000 LEVY AVE BLDG A STE 351 TALLAHASSEE FL 32310 593211153 DSO FL 501(C)(3) LINE 12A, I THE FLORIDA STATE UNIVERSITY 0 FSU ALUMNI ASSOCIATION INC 1030 W TENNESSEE STREET TALLAHASSEE FL 32304 590705420 DSO FL 501(C)(3) LINE 7 THE FLORIDA STATE UNIVERSITY 0 SEMINOLE BOOSTERS INC PO BOX 1353 TALLAHASSEE FL 32302 591561180 DSO FL 501(C)(3) LINE 7 THE FLORIDA STATE UNIVERSITY 0 FSU INTERNATIONAL PROGRAMS ASSOC INC PO BOX 3062420 TALLAHASSEE FL 32306 593153341 DSO FL 501(C)(3) LINE 12A, I THE FLORIDA STATE UNIVERSITY 0 FLORIDA STATE UNIVERSITY SCHOOLS INC 3000 SCHOOL HOUSE ROAD TALLAHASSEE FL 32311 593726188 DEVELOPMENT RESEARCH SCHOOL FL 501(C)(3) LINE 2 THE FLORIDA STATE UNIVERSITY 0 THE JOHN & MABLE RINGLING MUSEUM OF ART 5401 BAY SHORE ROAD SARASOTA FL 34243 596214423 DSO FL 501(C)(3) LINE 12A, I THE FLORIDA STATE UNIVERSITY 0 FLORIDA MEDICAL PRACTICE PLAN INC 1115 WEST CALL STREET TALLAHASSEE FL 32306 571234883 FACULTY MEDICAL PRACTICE PLAN FL 501(C)(3) LINE 12A, I THE FLORIDA STATE UNIVERSITY 0 FSU MAGNET RESEARCH AND DEVELOPMENT INC 109 WESTCOTT BUILDING TALLAHASSEE FL 32306 134356799 DSO FL 501(C)(3) LINE 12A, I THE FLORIDA STATE UNIVERSITY 0 FSU COLLEGE OF BUSINESS STUDENT INVEST FSU 821 ACADEMIC WAY TALLAHASSEE FL 32306 264028305 DSO FL 501(C)(3) LINE 5 THE FLORIDA STATE UNIVERSITY 0 FSU ATHLETICS ASSOCIATION INC 403 STADIUM DRIVE WEST TALLAHASSEE FL 32306 813227626 DSO FL 501(C)(3) LINE 12A, I THE FLORIDA STATE UNIVERSITY 0 0 1 1 1 1 0 0 0 0 0 1 1 1 0 1 1 1 0 1