2024-05-14T21:22:23+00:00 2023-06-30 350921680 Crowe LLP 401 East Las Olas Blvd Suite 1100 FORT LAUDERDALE FL 333014230 990 2022-07-01 590879015 University of South Florida Foundation Inc UNIV 8139741801 4202 EAST FOWLER AVENUE ALC 100 TAMPA FL 33620 Rob Fischman CFO 8139741801 2024-05-15 true Robert Fischman 999009999 BRITTNEY KOCAJ P01320603 9542028600 2022 2023-04-26 12:10:37Z JAY STROMAN 4202 EAST FOWLER AVENUE ALC 100 TAMPA FL 33620 196125317 false X HTTP://GIVING.USF.EDU/ X 1960 FL TO ACCEPT, INVEST AND DISTRIBUTE PRIVATE GIFTS IN SUPPORT OF THE UNIVERSITY OF SOUTH FLORIDA. 36 33 0 780 0 0 88583109 52527060 2350380 2232464 50843229 13600290 72471 108355 141849189 68468169 76147833 84545476 0 2159306 0 0 3601232 25274679 15868509 103581818 100413985 38267371 -31945816 821074602 837528240 34580831 39300247 786493771 798227993 University of South Florida Foundation, Inc.'s mission is to provide charitable and educational aid to the University of South Florida; to promote education and other related activities of the University; and to encourage research, learning and dissemination of information in which the University is carrying on activities. false false 90873141 84545476 2232464 THE FOUNDATION SERVES AS THE OFFICIAL LEGAL CONDUIT FOR THE ACCEPTANCE, INVESTMENT, AND DISTRIBUTION OF PRIVATE GIFTS IN SUPPORT OF THE ACTIVITIES AND PROGRAMS OF THE UNIVERSITY OF SOUTH FLORIDA WHICH INCLUDES THE COLLEGES, CAMPUSES, HEALTH, ATHLETICS, AND OTHER APPROPRIATE UNIVERSITY-RELATED UNITS. SUPPORT IS GIVEN TO USF BY PROVIDING FUNDING FOR THE ENDOWED CHAIRS, GRANTS AND STUDENT SCHOLARSHIPS AMONG OTHER ACTIVITIES. 90873141 true true false true false false true true true true true false false true true true true false true true false true false true false false true false true false false false false false false false false true true false false true true false false false true 294 0 true 0 true true false false false false true true false false false false false false X 36 33 false false false false true true true true true false false true true true true true true false false false CA CO HI LA AK MD MA MI MN NH NJ NM NY OH OK OR AZ SC TN UT AR WA WV WI X X Robert Fischman 8139741801 4202 E Fowler Ave ALC 100 Tampa FL 33620 Anthony Reginald James Chair 5.0 X X 0 0 0 Ashley Monique Butler Secretary 5.0 X X 0 0 0 Debbie Nye Sembler Vice Chair 5.0 X X 0 0 0 Jose Eduardo Valiente Immediate Past Chair 5.0 X X 0 0 0 KimberlyAnn Ross Treasurer 5.0 X X 0 0 0 Andrea Gonzmart Williams BOARD MEMBER 5.0 X 0 0 0 Anila Jain BOARD MEMBER 5.0 X 0 0 0 Anthony Umholtz BOARD MEMBER 5.0 X 0 0 0 April Rose Grajales BOARD MEMBER 5.0 X 0 0 0 Brad Bernstein BOARD MEMBER 5.0 X 0 0 0 Christine Turner BOARD MEMBER 5.0 X 0 0 0 David Goldstein BOARD MEMBER 5.0 X 0 0 0 Dolores Garcia BOARD MEMBER 5.0 X 0 0 0 Donna Longhouse BOARD MEMBER 5.0 X 0 0 0 Dr Andy Hafer BOARD MEMBER 5.0 X 0 0 0 DR ERIC EISENBERG INTERIM USF EXEC VP & PROVOST (AUG 2022 THRU MARCH 2023) 5.0 35.0 X 0 474787 43672 Dr Gilbert T Gonzalez BOARD MEMBER 5.0 X 0 0 0 DR Prasant Mohapatra USF EXEC VP & PROVOST (BEGINNING MARCH 2023) 5.0 35.0 X 0 0 0 DR RALPH WILCOX USF EXEC VP & PROVOST (thru Aug 2022) 5.0 35.0 X 0 532713 24926 Elizabeth Krystyn BOARD MEMBER 5.0 X 0 0 0 George Morgan BOARD MEMBER 5.0 X 0 0 0 Grace Maseda-Sainz BOARD MEMBER 5.0 X 0 0 0 Joie Chitwood III BOARD MEMBER 5.0 X 0 0 0 Julius D Davis BOARD MEMBER 5.0 X 0 0 0 Laura Crouch BOARD MEMBER 5.0 X 0 0 0 Martin Martin BOARD MEMBER 5.0 X 0 0 0 Michelle Lynch BOARD MEMBER 5.0 X 0 0 0 Michelle Truman BOARD MEMBER 5.0 X 0 0 0 Panos Vasiloudes BOARD MEMBER 5.0 X 0 0 0 Rebecca Bast BOARD MEMBER 5.0 X 0 0 0 Rhea Law PRESIDENT, UNIVERSITY OF SOUTH FLORIDA 5.0 35.0 X 0 1127319 152413 Richard Sobieray USF SVP BUSINESS AND FINANCE 5.0 35.0 X 0 641298 38139 Robert Donaldson BOARD MEMBER 5.0 X 0 0 0 Sam Barrington BOARD MEMBER 5.0 X 0 0 0 Stephanie Goforth BOARD MEMBER 5.0 X 0 0 0 Stephen Fessler BOARD MEMBER 5.0 X 0 0 0 Steve Griggs BOARD MEMBER 5.0 X 0 0 0 William Mariotti BOARD MEMBER 5.0 X 0 0 0 Jay Stroman SR. VICE PRESIDENT, UNIVERSITY ADVANCEMENT AND CEO, USF FOUNDATION 40.0 X 0 617146 91092 PAM PRADO Chief of Staff, University Advancement 40.0 X 0 124813 17261 Rob Fischman VICE PRESIDENT, BUSINESS & FINANCE AND USF FOUNDATION CFO 40.0 X 0 258169 34826 Arty Giallourakis Associate VP Health Development and Alumni Relations 40.0 X 0 213299 31392 Jennifer McAfee SENIOR ASSOCIATE VICE PRESIDENT OF DEVELOPMENT 40.0 X 0 260944 37653 Kelley Gibson SENIOR ASSOCIATE VICE PRESIDENT OF DEVELOPMENT 40.0 X 0 244910 34006 Noreen Segrest VICE PRESIDENT OF UNIVERSITY ADVANCEMENT AND CHIEF OPERATING OFFICER 40.0 X 0 290109 36533 Dan Caterinicchia Associate VP Marketing and Communications 40.0 X 0 215171 29925 Kristin Green ASSISTANT VICE PRESIDENT 40.0 X 0 147831 27581 Lelo Prado ASSOCIATE VICE PRESIDENT OF DEVELOPMENT 40.0 X 0 222885 22372 Marion Yongue ASSOCIATE VICE PRESIDENT OF DEVELOPMENT 40.0 X 0 199890 30005 Steve Blair PRINCIPAL GIFT OFFICER 40.0 X 0 295560 36830 0 5866844 688626 0 false true false Barr & Barr Inc 2002 N Lois Avenue Suite 270 Tampa FL 336072366 DESIGN & PRECONSTRUCTION SERVICES 1015533 NATIONAL PUBLIC RADIO INC 635 MASSACHUSETTS AVENUE NW WASHINGTON DC 200013752 PROGRAMMING SERVICES 638708 Corcoran & Johnston 7746 Still Lakes Drive Odessa FL 33556 CONSULTING SERVICES 340000 ELLUCIAN COMPANY LP 62578 COLLECTIONS CENTER DRIVE Chicago IL 60693 CRM SYSTEM CONVERSION 282569 American Public Media PO Box 64623 St Paul MN 551640623 PROGRAMMING SERVICES 196760 10 1281082 51245978 2081904 52527060 PUBLIC BROADCASTING SPONSORSHIPS 516110 1819440 1819440 RENTAL INCOME -USFSP 531120 413024 413024 0 0 0 0 2232464 13771755 13771755 0 0 126350068 126521533 -171465 0 -171465 -171465 1187962 1281082 1135615 52347 52347 All other revenue 900099 56008 56008 0 0 0 0 56008 68468169 2232464 0 13708645 84530476 84530476 15000 15000 52322 52322 100000 100000 544500 544500 1530268 1530268 869945 0 411019 458926 321348 12809 308539 245064 32759 212305 103372 19104 84268 87975 87975 816535 118799 697736 303124 303124 EMPLOYEE LEASING EXPENSE 2404208 804490 1599718 COMMUNITY RELATIONS 446615 446615 INVESTMENT EXPENSES 750795 750795 7292438 6120891 680686 490861 100413985 90873141 5939612 3601232 1729525 500363 51289742 48225993 5199784 4290510 0 0 0 0 11981620 1493661 10606757 10487959 266973798 157825500 453424392 587389201 0 31850604 28808714 821074602 837528240 1984621 2758323 0 0 3539590 3127085 29056620 33414839 34580831 39300247 X 26873836 24876037 759619935 773351956 786493771 798227993 821074602 837528240 -31945816 43680038 0 X false true X true false X 74165249 70564843 77876121 88583109 52527060 363716382 0 300000 300000 300000 300000 300000 1500000 74465249 70864843 78176121 88883109 52827060 365216382 46298022 318918360 13353873 13412340 18716980 13624470 13771755 72879418 0 1315459 868873 495644 1128743 1243970 5052689 443148489 12011831 0.7197 0.6846 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - FUNDRAISING EVENT INCOME, COLUMN A - 1262319.0, COLUMN B - 782503.0, COLUMN C - 440832.0, COLUMN D - 1102434.0, COLUMN E - 1187962.0, COLUMN F - 4776050.0; DESCRIPTION - OTHER REVENUE, COLUMN A - 53140.0, COLUMN B - 86370.0, COLUMN C - 54812.0, COLUMN D - 26309.0, COLUMN E - 56008.0, COLUMN F - 276639.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 544500 false false 544500 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY DURING THE 2022-2023 FLORIDA STATE LEGISLATIVE SESSION, A FEE OF $544,500 INCLUDING EXPENSES WAS PAID TO MANAGEMENT CONSULTANT FIRMS. ALL MONIES WERE EXPENDED TO SUPPORT THE INTERESTS OF THE UNIVERSITY OF SOUTH FLORIDA; NO MONIES WERE PAID IN SUPPORT OF OR IN OPPOSITION TO ANY CANDIDATE FOR POLITICAL OFFICE. 9910 5502398 X X X X false true 41021645 6708881 3854285 43876241 false 609184454 60947362 8816340 26128572 11227430 641592154 708647878 29870204 -95946418 23420738 9966472 609184454 551915418 33450004 156672066 24576375 8813235 708647878 532421914 20811324 27302776 19657674 8962922 551915418 513001388 18031305 29463315 19376865 8697229 532421914 0.079 0.921 0.0 false false 6620414 6620414 5209971 1342426 3867545 11417 11417 0 139818 139818 0 10487959 Private Equity Partnership Investments 57627360 F Fixed Income Partnership Investments 33301800 F Real asset Partnership Investments 42821441 F Fixed Income 147550723 F Domestic Equities 124272304 F International Equities 181815573 F 587389201 LIFE BENEFICIARIES OBLIGATIONS 1432869 DUE TO USF 3057256 BENEFICIAL INTEREST 27805961 Subscription Liability 1118753 33414839 X 126301744 43680038 15683805 0 59363843 66937901 1530268 0 1530268 68468169 114567522 15683805 0 15683805 98883717 1530268 0 1530268 100413985 Schedule D, Part III, Line 4 Collections of art - description of collections IT IS THE CONCERTED MISSION OF THE UNIVERSITY OF SOUTH FLORIDA CONTEMPORARY ART MUSEUM TO ACHIEVE A BOLD, CREATIVE ENVIRONMENT FOR THE ENRICHMENT AND INTELLECTUAL GROWTH OF STUDENTS, FACULTY OF THE UNIVERSITY (ON THE TAMPA AND REGIONAL CAMPUSES), THE TAMPA BAY COMMUNITY AND BEYOND. THE CONTEMPORARY ART MUSEUM PROVIDES OPPORTUNITIES FOR INNOVATIVE AND EXPERIMENTAL TEACHING AND RESEARCH. THE CONTEMPORARY ART MUSEUM WILL EXPAND, HOUSE, MANAGE, PRESERVE, CONSERVE, AND EXHIBIT THE UNIVERSITY'S ART COLLECTIONS. THE CONTEMPORARY ART MUSEUM INITIATES AND DEVELOPS INTERDISCIPLINARY PROGRAMS IN KEEPING WITH ITS MISSION. THE CONTEMPORARY ART MUSEUM PROVIDES THE LEADERSHIP FOR PUBLIC ART PROJECTS AND MAJOR ACQUISITIONS OF ART ON THE USF CAMPUSES AND CATALOGUES, MANAGES, AND OVERSEES THEIR CARE AND PRESERVATION. THE USF CONTEMPORARY ART MUSEUM MAINTAINS AND MANAGES A PERMANENT COLLECTION OF CONTEMPORARY ART. AS THE LEGAL CONDUIT FOR THE RAISING, ACCEPTANCE, INVESTMENT AND DISTRIBUTION OF ALL PRIVATE GIFTS MADE TO THE UNIVERSITY OF SOUTH FLORIDA, DONATIONS OF WORKS TO THE CONTEMPORARY ART MUSEUM PERMANENT COLLECTION ARE THE FIDUCIARY RESPONSIBILITY OF THE UNIVERSITY OF SOUTH FLORIDA FOUNDATION. Schedule D, Part IV, Line 1b Agent, trustee, custodian, or other intermediary arrangement THE FOUNDATION HOLD FIDUCIARY FUNDS THAT INCLUDE INVESTMENTS HELD ON BEHALF OF OTHER DIRECT SUPPORT ORGANIZATIONS OF THE UNIVERSITY. THESE FUNDS REPRESENT TRUST RESPONSIBILITIES OF THE FOUNDATION AND ARE RESTRICTED IN PURPOSE. ACCORDINGLY, THEY DO NOT REPRESENT DISCRETIONARY ASSETS OF THE FOUNDATION AND ARE NOT PRESENTED AS PART OF THE FOUNDATION'S BASIC FINANCIAL STATEMENTS. Schedule D, Part V, Line 4 Intended uses of endowment funds THE FOUNDATION ENDOWMENT CONSISTS OF APPROXIMATELY 1500 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES IN SUPPORT OF THE MISSION OF THE UNIVERSITY OF SOUTH FLORIDA INCLUDING: SCHOLARSHIPS, FELLOWSHIPS, ENDOWED CHAIRS, PROFESSORSHIPS, FACILITY IMPROVEMENT AND EQUIPMENT, RESEARCH, ETC. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS HELD ON BEHALF OF THE UNIVERSITY'S DIRECT SUPPORT ORGANIZATIONS (DSO) TO FUNCTION AS ENDOWMENTS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE FOUNDATION CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME OF THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONORRESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED IN PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE ORGANIZATION IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY THE FLORIDA UNIFORM MANAGEMENT OF INSTITUTIONAL FUNDS ACT. THE FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN PURCHASING POWER OF THE ENDOWMENT ASSETS. THE PERMANENT ENDOWMENT IS COMPRISED OF PERMANENTLY RESTRICTED DONOR CONTRIBUTIONS AND ASSOCIATED APPRECIATION ON THOSE ENDOWMENTS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Foundation is exempt from federal income taxes under Section 501(c)(3) of the IRC as an organization described in Section 501(c)(3). However, the Foundation is subject to income tax on any net income that is derived from a trade or business, regularly carried on, and not in furtherance of the purpose for which it is granted exemption. The Foundation is classified as an organization operated for the benefit of a college or university owned or operated by a governmental unit described in Section 170(b)(1)(A)(iv). The Foundation has no unrelated business income tax expense for the years ended June 30, 2023 and 2022, respectively. true Central America and the Caribbean 0 0 Investments 26489498 Europe (Including Iceland and Greenland) 0 1 Program Services THE REPORTED EXPENSES ARE INCURRED BY UNIVERSITY EMPLOYEES FOR PROGRAM SERVICE ACTIVITIES OUTSIDE OF THE UNITED STATES. 38436 Sub-Saharan Africa 0 0 Program Services THE REPORTED EXPENSES ARE INCURRED BY UNIVERSITY EMPLOYEES FOR PROGRAM SERVICE ACTIVITIES OUTSIDE OF THE UNITED STATES. 28019 Central America and the Caribbean 0 0 Program Services THE REPORTED EXPENSES ARE INCURRED BY UNIVERSITY EMPLOYEES FOR PROGRAM SERVICE ACTIVITIES OUTSIDE OF THE UNITED STATES. 21209 Middle East and North Africa 0 0 Program Services THE REPORTED EXPENSES ARE INCURRED BY UNIVERSITY EMPLOYEES FOR PROGRAM SERVICE ACTIVITIES OUTSIDE OF THE UNITED STATES. 8745 North America (Canada & Mexico only) 0 0 Program Services THE REPORTED EXPENSES ARE INCURRED BY UNIVERSITY EMPLOYEES FOR PROGRAM SERVICE ACTIVITIES OUTSIDE OF THE UNITED STATES. 6995 East Asia and the Pacific 0 0 Program Services THE REPORTED EXPENSES ARE INCURRED BY UNIVERSITY EMPLOYEES FOR PROGRAM SERVICE ACTIVITIES OUTSIDE OF THE UNITED STATES. 4576 South Asia 0 0 Program Services THE REPORTED EXPENSES ARE INCURRED BY UNIVERSITY EMPLOYEES FOR PROGRAM SERVICE ACTIVITIES OUTSIDE OF THE UNITED STATES. 278 0 1 0 0 0 1 26597756 0 26597756 SEE SCHEDULE O Europe (Including Iceland and Greenland) 1 15000 WIRE TRANSFER true false true true true false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds THE FOUNDATION'S PROCESS FOR MONITORING THESE EXPENSES INCLUDES CODING THESE TYPES OF EXPENSES APPROPRIATELY THROUGH THE NORMAL CHECK DISBURSEMENT PROCESS. Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Other:,Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual Schedule F, Part III Method used to account for expenditures on org's financial statements EUROPE (INCLUDING ICELAND AND GREENLAND) -Accrual Brunch on the Bay 318440 292490 25950 4938 12173 53573 52258 Accounting Circle Conference 192400 45760 146640 25000 3922 82 1958204 942832 1015372 18870 437035 312328 215518 2469044 1281082 1187962 23808 449208 390901 271698 1135615 52347 Schedule G, Part II FUNDRAISING ACTIVITES FORM 990 REPORTING REQUIRES CONTRIBUTIONS FROM FUND RAISING EVENTS BE REPORTED ON LINE 1, PART VIII; THEREFORE, LINE 2, PART II, SCHEDULE G SUBTRACTS CONTRIBUTIONS FROM FUND RAISING RECEIPTS. THIS RESULTS IN A GAIN OF $52,347 FROM THE FUND RAISING EVENTS ON LINE 11, SCHEDULE G WITH THE $1,281,082 OF CONTRIBUTIONS REFLECTED ON LINE 1C, PART VIII. true UNIVERSITY OF SOUTH FLORIDA 4202 E Fowler Ave Tampa FL 33620 593102112 STATE OF FL 84530476 ACADEMIC & STUDENT SUPPORT 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. GRANT EXPENSES ARE AMOUNTS TRANSFERRED DIRECTLY TO OR PAID ON BEHALF OF THE UNIVERSITY IN ACCORDANCE WITH DONOR RESTRICTIONS. ALL EXPENSES RELATED TO THE USE OF THESE FUNDS ARE REVIEWED BY THE FOUNDATION BEFORE THEY ARE DISBURSED TO ENSURE THAT THE EXPENSES ARE BEING USED IN CONJUNCTION WITH FOUNDATION POLICIES MADE AVAILABLE TO THE UNIVERSITY THROUGH AN INTERNAL WEBSITE. ALSO, THE FOUNDATION HOLDS PERIODIC TRAININGS IN ORDER TO FURTHER ENSURE THAT EXPENDITURES ARE IN ACCORDANCE WITH THEIR DONOR-IMPOSED PURPOSES AND IRS REGULATIONS. X X true true X X X X X false true false false false false false false false Rhea Law PRESIDENT, UNIVERSITY OF SOUTH FLORIDA 0 621423 0 275000 0 230896 0 152116 0 297 0 1279732 0 0 Richard Sobieray USF SVP BUSINESS AND FINANCE 0 485778 0 154500 0 1020 0 16954 0 21185 0 679437 0 0 DR RALPH WILCOX USF EXEC VP & PROVOST (thru Aug 2022) 0 476093 0 50000 0 6620 0 15031 0 9895 0 557639 0 0 DR ERIC EISENBERG INTERIM USF EXEC VP & PROVOST (AUG 2022 THRU MARCH 2023) 0 449865 0 24922 0 0 0 22508 0 21164 0 518459 0 0 Jay Stroman SR. VICE PRESIDENT, UNIVERSITY ADVANCEMENT AND CEO, USF FOUNDATION 0 506526 0 100000 0 10620 0 69232 0 21860 0 708238 0 0 Rob Fischman VICE PRESIDENT, BUSINESS & FINANCE AND USF FOUNDATION CFO 0 250549 0 0 0 7620 0 13068 0 21758 0 292995 0 0 Noreen Segrest VICE PRESIDENT OF UNIVERSITY ADVANCEMENT AND CHIEF OPERATING OFFICER 0 282489 0 0 0 7620 0 14762 0 21771 0 326642 0 0 Jennifer McAfee SENIOR ASSOCIATE VICE PRESIDENT OF DEVELOPMENT 0 246158 0 0 0 14786 0 15897 0 21756 0 298597 0 0 Kelley Gibson SENIOR ASSOCIATE VICE PRESIDENT OF DEVELOPMENT 0 236090 0 0 0 8820 0 12254 0 21752 0 278916 0 0 Arty Giallourakis Associate VP Health Development and Alumni Relations 0 205679 0 0 0 7620 0 11536 0 19856 0 244691 0 0 Steve Blair PRINCIPAL GIFT OFFICER 0 285310 0 0 0 10250 0 15056 0 21774 0 332390 0 0 Lelo Prado ASSOCIATE VICE PRESIDENT OF DEVELOPMENT 0 208851 0 0 0 14034 0 11523 0 10849 0 245257 0 0 Dan Caterinicchia Associate VP Marketing and Communications 0 192236 0 0 0 22935 0 10073 0 19852 0 245096 0 0 Marion Yongue ASSOCIATE VICE PRESIDENT OF DEVELOPMENT 0 192270 0 0 0 7620 0 10149 0 19856 0 229895 0 0 Kristin Green ASSISTANT VICE PRESIDENT 0 146811 0 0 0 1020 0 7725 0 19856 0 175412 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use * RHEA LAW, PRESIDENT, UNIVERSITY OF SOUTH FLORIDA THE FULL AMOUNT OF THESE PAYMENTS IS INCLUDED IN THE INDIVIDUALS' TAXABLE COMPENSATION. Schedule J, Part I, Line 1a Health or social club dues or initiation fees * RHEA LAW, PRESIDENT, UNIVERSITY OF SOUTH FLORIDA * JENNIFER MCAFEE, SENIOR ASSOCIATE VICE PRESIDENT OF DEVELOPMENT * STEVEN BLAIR, PRINCIPAL GIFTS OFFICER * LELO PRADO, ASSOCIATE VICE PRESIDENT THE FULL AMOUNT OF THESE PAYMENTS IS INCLUDED IN THE INDIVIDUALS' TAXABLE COMPENSATION. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan The individuals listed below participated in a supplemental non-qualified deferred compensation plan. During calendar year 2022, contributions related to such plans were made for the following individuals. These amounts are included on Schedule J, Part II, Column C: Rhea Law - $131,000 Jay Stroman - $50,000 There were no distributions out of such plans during calendar year 2022. Schedule J, Part I SUPPLEMENTAL COMPENSATION INFORMATION EMPLOYEES OF THE UNIVERSITY PERFORM OPERATING FUNCTIONS FOR THE FOUNDATION. THE UNIVERSITY TRACKS, ADMINISTERS, AND REPORTS ALL PAYROLL AND FRINGE BENEFIT COSTS. THE FOUNDATION TRANSFERS FUNDS TO THE UNIVERSITY FOR THESE COSTS. THE AMOUNT FUNDED BY THE FOUNDATION TO THE UNIVERSITY WAS APPROXIMATELY $3,874,849 FOR THE YEAR ENDED JUNE 30, 2023. X 9 9910 Market value X 132931 Market value X 1 82475 Market value X 1 1127000 Market value X Miscellaneous 3 4605 Market value X Technology Equipment 3 672443 Market value X Medical Equipment 1 52540 Market value 5 false true true Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions THE FOUNDATION USES A THIRD PARTY AUCTIONEER SERVICE TO SELL DONATED ITEMS THAT IT DOES NOT INTEND TO KEEP IN ITS PERMANENT COLLECTION (LIKE JEWELRY), OR HAVE AN INTERNAL USE FOR (LIKE A VEHICLE). AFTER THE AUCTIONEER FINDS A WILLING BUYER, THE FOUNDATION RECEIVES THE PROCEEDS OF THESE TRANSACTIONS MINUS A SERVICE FEE. THE USF FOUNDATION UTILIZES CHARITABLE AUTO RESOURCES (CARS) AS A SERVICE PROVIDER FOR THE FACILITATION OF THE WUSF PUBLIC BROADCASTING DIVISION OF THE UNIVERSITY OF SOUTH FLORIDA VEHICLE DONATION PROGRAM. CARS ACTS AS AN AUTHORIZED AGENT TO PROCESS DONATED VEHICLES AND PROVIDES WRITTEN SUBSTANTIATION OF DONATIONS TO DONORS INCLUDING APPROPRIATE TAX FORMS. CARS RETAINS A PORTION OF THE NET VEHICLE DONATION PROGRAM PROCEEDS AND DISTRIBUTES THE REMAINDER TO THE USF FOUNDATION TO BENEFIT WUSF PUBLIC BROADCASTING. Form 990, Part I, Line 5 EMPLOYEE COMPENSATION REPORTING AS REPORTED ON FORM 990, PART I, LINE 5, THE UNIVERSITY OF SOUTH FLORIDA FOUNDATION ("FOUNDATION") DOES NOT HAVE EMPLOYEES. UNIVERSITY OF SOUTH FLORIDA ("UNIVERSITY") EMPLOYEES PROVIDE SERVICES ON BEHALF OF THE FOUNDATION PURSUANT TO SECTION F.S. 1004.28. THE FOUNDATION SHARES THE COST OF PERSONNEL, SERVICES, FACILITIES, AND EXPENSES WITH THE UNIVERSITY, A RELATED ORGANIZATION. THE COSTS OF THESE SERVICES ARE ALLOCATED TO FOUNDATION ON VARIOUS LINES Part VIII-IX OF THIS RETURN. Form 990, Part VI, Line 15 EMPLOYEE COMPENSATION REPORTING THE USF FOUNDATION COMPENSATION COMMITTEE REVIEWED THE COMPENSATION PROVIDED BY THE USF FOUNDATION TO USF STAFF ALONG WITH MARKET SALARY DATA TO MAKE A DETERMINATION OF REASONABLENESS. THE STAFF SELECTED FOR REVIEW, AS REQUIRED BY THE INTERNAL REVENUE SERVICE, INCLUDED OFFICERS OR MEMBERS OF USF FOUNDATION BOARD WHO RECEIVE COMPENSATION FROM THE USF FOUNDATION, KEY EMPLOYEES AND HIGHEST PAID STAFF AND HAVE HAD CHANGES IN THEIR COMPENSATION SINCE THEIR REVIEW IN THE PRIOR YEAR. THE COMPENSATION COMMITTEE ALSO RECEIVED THE WRITTEN OPINION OF AN INDEPENDENT COMPENSATION CONSULTANT TO AID IN THE DETERMINATION OF REASONABLENESS. THIS COMPENSATION REVIEW IS UNDERTAKEN TO OBTAIN THE BENEFIT OF THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE IRS RULES. THE COMPENSATION COMMITTEE MUST: * BE COMPOSED ENTIRELY OF INDIVIDUALS UNRELATED AND NOT SUBJECT TO THE CONTROL OF THE INDIVIDUAL'S WHOSE COMPENSATION IS BEING REVIEWED; * OBTAIN APPROPRIATE DATA AS TO THE COMPARABILITY OF SALARY; AND * DOCUMENT THE BASIS FOR ITS DETERMINATION THAT THE INDIVIDUAL'S COMPENSATION IS REASONABLE IN LIGHT OF THAT DATA. DURING THE DISCUSSION OF ANY INDIVIDUAL'S SALARY THAT INDIVIDUAL MUST LEAVE THE ROOM. THE COMMITTEE'S CONCLUSIONS ARE DOCUMENTED IN THE OFFICIAL MINUTES OF THE MEETING. THE COMPENSATION REVIEW OCCURS WHEN NEW HIRES ARE MADE TO KEY POSITIONS OR WHEN SALARY DATA IS SOLICITED FROM AN INDEPENDENT CONSULTANT FOR MARKET COMPARISONS WHICH MAY BE ANNUALLY OR BI-ANNUALLY. SALARY INFORMATION WAS REVIEWED IN OCTOBER 2022 FOR THE FOLLOWING POSITIONS: * PRESIDENT, UNIVERSITY OF SOUTH FLORIDA * SR. VICE PRESIDENT, UNIVERSITY ADVANCEMENT AND CEO, USF FOUNDATION * VICE PRESIDENT OF UNIVERSITY ADVANCEMENT AND CHIEF OPERATING OFFICER * VICE PRESIDENT, BUSINESS & FINANCE AND USF FOUNDATION CFO * Senior Associate Vice President of Development * ASSOCIATE VICE PRESIDENT OF DEVELOPMENT * ASSOCIATE VICE PRESIDENT CENTRAL DEVELOPMENT * ASSISTANT VICE PRESIDENT OF DONOR RELATIONS * Principal Gift Officer Form 990, Part VI, Line 1a Delegate broad authority to a committee Pursuant to Article III, Section 2 of the Foundation's Bylaws, the Executive and Governance Committee shall have and may exercise all powers and authority of the Foundation Board when the Board is not in session, subject only to such restrictions as the Board may from time to time specify. However, the Executive and Governance Committee shall not have authority to alter, amend or repeal the Articles of Incorporation or the Bylaws of the Foundation or to appoint or elect Members, except as provided in Article II, section 4(d). Article II, section 4(d) states that vacancies occurring during a term may be filled by the Chairperson of the Foundation Board for the balance of the Member's term with the approval of the Executive and Governance Committee or the Foundation Board and USF Board of Trustees. The Executive and Governance Committee of the Board shall consist of: (1) President of the University of South Florida (2) A person selected and appointed to the Board by the Chairperson of the USF Board of Trustees in accordance with Section 1004.28, Florida Statutes (3) Officers of the Foundation (4) Chairs of the Standing Committees of the Foundation Form 990, Part VI, Line 6 Classes of members or stockholders THE FOUNDATION IS ESTABLISHED PURSUANT TO SECTION 1004.28 FLORIDA STATUTES, AS A DIRECT-SUPPORT ORGANIZATION OF THE UNIVERSITY OF SOUTH FLORIDA ("USF "UNIVERSITY"). THE GENERAL NATURE OF THE FOUNDATION IS TO PROVIDE PHILANTHROPIC SUPPORT; IN THE FORM OF MONEY AND OTHER FORMS OF PROPERTY AND SERVICES TO THE UNIVERSITY OF SOUTH FLORIDA AND PERSONS, ASSOCIATIONS AND CORPORATIONS ASSOCIATED THEREWITH; TO PROMOTE EDUCATION AND OTHER RELATED ACTIVITIES OF THE UNIVERSITY; AND TO ENCOURAGE RESEARCH, LEARNING AND DISSEMINATION OF INFORMATION. THE FOUNDATION IS AUTHORIZED TO ACT AS THE FIDUCIARY AGENT ON BEHALF OF THE UNIVERSITY FOR THE RECEIPT, MANAGEMENT, AND DISTRIBUTION OF ALL PRIVATE GIFTS MADE TO OR FOR THE BENEFIT OF THE UNIVERSITY. THE ROLE OF THE FOUNDATION BOARD SPECIFICALLY INCLUDES ENCOURAGING PHILANTHROPIC SUPPORT OF UNIVERSITY PRIORITIES; APPROVAL OF POLICY; OVERSIGHT OF FINANCIAL MANAGEMENT; PARTICIPATION IN LONG-RANGE STRATEGIC PLANNING; PROVIDING VOLUNTEER LEADERSHIP FOR THE UNIVERSITY'S FUNDRAISING EFFORTS; AND SERVING IN AN ADVISORY CAPACITY TO THE UNIVERSITY PRESIDENT. THE MEMBERS OF THE FOUNDATION SHALL BE THE FOUNDATION BOARD, COMPRISED OF THE VOTING MEMBERS, INCLUDING ELECTED AND DESIGNATED MEMBERS; AND THE NON-VOTING MEMBERS, INCLUDING CAMPUS EXECUTIVE OFFICERS, EMERITUS MEMBERS AND OTHER INDIVIDUALS ELECTED PURSUANT TO ARTICLE II, SECTION 2(B). WITH THE EXCEPTION OF THE VOTING MEMBERS DESCRIBED IN ARTICLE II, SECTION 2(A)(1) AND (A)(6), ALL MEMBERS SHALL BE APPROVED BY THE USF BOARD OF TRUSTEES. THE FOUNDATION SHALL BE MANAGED BY AND UNDER THE DIRECTION OF THE FOUNDATION BOARD, AND BY OFFICERS AND COMMITTEES THEREOF, AS POWERS MAY BE DELEGATED TO SUCH OFFICERS AND COMMITTEES BY THESE BYLAWS OR BY RESOLUTION OF THE FOUNDATION BOARD. (A) VOTING MEMBERS. THE FOUNDATION BOARD SHALL BE COMPOSED OF AT LEAST TWENTY (20), BUT NOT MORE THAN FIFTY (50) ELECTED MEMBERS. IN ADDITION, THE FOLLOWING WILL SERVE AS DESIGNATED MEMBERS OF THE FOUNDATION: (1) PRESIDENT OF THE UNIVERSITY OF SOUTH FLORIDA OR HIS OR HER DESIGNEE. (2) PROVOST AND EXECUTIVE VICE PRESIDENT OF THE UNIVERSITY. (3) SR. VICE PRESIDENT FOR BUSINESS AND FINANCIAL STRATEGY OF THE UNIVERSITY. (4) CHAIR OF THE UNIVERSITY OF SOUTH FLORIDA ALUMNI ASSOCIATION. (5) A PERSON SELECTED AND APPOINTED TO THE BOARD BY THE CHAIRPERSON OF THE USF BOARD OF TRUSTEES, IN ACCORDANCE WITH SECTION 1004.28 FLORIDA STATUTES. PROVIDED, HOWEVER, THAT ANY PERSON HOLDING MORE THAN ONE OF THE ABOVE OFFICES SHALL HAVE ONLY ONE VOTE AS A MEMBER OF THE FOUNDATION BOARD. (B) NON-VOTING MEMBERS. (1) THE EXECUTIVE OFFICERS OF EACH BRANCH CAMPUS OF THE UNIVERSITY; (2) THE EMERITUS MEMBERS; (3) OTHER INDIVIDUALS MAY SERVE AS NON-VOTING MEMBERS. SUCH MEMBERS SHALL BE NOMINATED BY MAJORITY VOTE OF THE NOMINATING AND BOARD DEVELOPMENT COMMITTEE AND SHALL BE ELECTED BY MAJORITY VOTE OF THE FOUNDATION BOARD AND SUBJECT TO APPROVAL BY THE USF BOARD OF TRUSTEES. (C) CURRENT USF EMPLOYEES DUE TO THE POTENTIAL FOR CONFLICTS OF INTEREST BETWEEN THE ROLE OF A BOARD MEMBER AND THE ROLE OF USF EMPLOYEE, UNLESS SERVING AS A DESIGNATED MEMBER OF THE BOARD, A CURRENT USF EMPLOYEE MAY ONLY BE ELECTED OR RENEWED AS A VOTING MEMBER AFTER REVIEW AND APPROVAL BY THE EXECUTIVE COMMITTEE. IF A VOTING MEMBER BECOMES A USF EMPLOYEE AFTER HIS OR HER ELECTION TO THE FOUNDATION BOARD, THEN THE EXECUTIVE COMMITTEE WILL REVIEW AND CONSIDER WHETHER HE OR SHE MAY SERVE THE REMAINDER OF HIS OR HER TERM OF SERVICE. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body Pursuant to Article I, Section 3 of the Foundation's Bylaws, members of the Foundation Board of Directors shall be approved by the USF Board of Trustees. The Foundation CEO shall be appointed by the President of the University. The President of the University may remove from office any officer or agent of the Foundation after consultation with the Foundation's Executive and Governance Committee (Article IV Section 4). Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders Pursuant to the Foundation's Bylaws, the rights and responsibilities of the USF Board of Trustees include the power to: -Approve the addition of members to the Foundation Board of Directors -Approve the Foundation's annual operating budget -Oversee the Foundation's annual financial audit and management letter -Approve amendments to Foundation governing documents The governing documents are subject to approval by the University (Article IX) and the budget is subject to approval by the University (Article VI). Additionally, the USF President may remove any member from the Board of Directors with or without cause. The President of the University may remove from office any officer or agent of the Foundation after consultation with the Foundation's Executive and Governance Committee (Article IV Section 4). Form 990, Part VI, Line 11b Review of form 990 by governing body A COMPLETE DRAFT OF FORM 990, PREPARED INTERNALLY IN CONJUNCTION WITH OUTSIDE TAX ACCOUNTANTS AND REVIEWED BY UPPER MANAGEMENT IS MADE AVAILABLE ELECTRONICALLY TO ALL MEMBERS OF THE FOUNDATION BOARD FOR COMMENT AT LEAST ONE WEEK PRIOR TO FILING. THE AUDIT COMMITTEE OF THE BOARD PERFORMS A THOROUGH AND DETAILED REVIEW OF THE FORM 990 AND OTHER FEDERAL FORMS PRIOR TO REVIEW BY THE FULL BOARD AND PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy DUE TO THE VARIED INTERESTS AND BACKGROUNDS OF THE MEMBERS OF THE BOARD, SITUATIONS INVOLVING POSSIBLE CONFLICTS OF INTEREST MAY ARISE. IT IS THE RESPONSIBILITY OF THE MEMBERS OF THE BOARD TO GOVERN THE USF FOUNDATION'S AFFAIRS HONESTLY, EXERCISING DUE CARE, SKILL AND JUDGMENT FOR THE BENEFIT OF THE FOUNDATION. POTENTIAL OR APPARENT CONFLICTS OF INTEREST ARE DESCRIBED IN THE USF FOUNDATION CONFLICT OF INTEREST AND CONFIDENTIAL INFORMATION POLICY. IF A CONFLICT OF INTEREST, IN FACT, EXISTS, THE BOARD MEMBER SHALL DISCLOSE THE POTENTIAL OR APPARENT CONFLICT OF INTEREST IN THE ANNUAL CONFLICT OF INTEREST DISCLOSURE FOR BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES AND SHALL ABSTAIN FROM PARTICIPATION IN ANY VOTE OR DISCUSSION INVOLVING THE MATTER. THE USF FOUNDATION SENIOR DIRECTOR OF FOUNDATION BOARD RELATIONS IS RESPONSIBLE FOR THE ANNUAL DISTRIBUTION OF THE CONFLICT OF INTEREST AND CONFIDENTIAL INFORMATION POLICY AND THE COLLECTION OF THE ANNUAL CONFLICT OF INTEREST DISCLOSURE FOR BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES. THE SENIOR DIRECTOR OF FOUNDATION BOARD RELATIONS REPORTS ANY DISCLOSURE OF POTENTIAL OR APPARENT CONFLICTS WITH THE USF FOUNDATION'S CHAIR, CHIEF EXECUTIVE OFFICER AND RELEVANT COMMITTEE CHAIRPERSON. Form 990, Part VI, Line 19 Required documents available to the public THE USF FOUNDATION POSTS ITS AUDITED FINANCIAL STATEMENTS FOR THE PRIOR THREE (3) FISCAL YEARS, INTERNAL REVENUE SERVICE DETERMINATION LETTER OF 501(C)(3) STATUS, AND MOST RECENTLY FILED INFORMATIONAL RETURN FORM 990 ON ITS WEBSITE (HTTP://GIVING.USF.EDU) FOR PUBLIC INSPECTION. THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS (ARTICLES OF INCORPORATION AND BYLAWS), CONFLICT OF INTEREST POLICY, AND MOST RECENTLY FILED EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN FORM 990-T AVAILABLE TO THE PUBLIC UPON REQUEST. SCHEDULE F, PART I LINE 3(E) IF ACTIVITY LISTED IN (D) IS A PROGRAM SERVICE, DESCRIBE SPECIFIC TYPE OF SERVICE(S) IN THE REGION: THE USF BRIT PROGRAM STRIVES TO BRING THE BEST OF BOTH CLASSICAL AND CONTEMPORARY APPROACHES OF BRITISH THEATRE TO THE STUDENTS IN THE USF SCHOOL OF THEATRE AND DANCE AND TO AUDIENCES IN TAMPA, FLORIDA. EXPENSES ARE INCURRED TO LOCATE AND ENGAGE PROFESSIONAL DIRECTORS AND CHOREOGRAPHERS, LEADING VOICE AND SPEECH EXPERTS AND TOP RATE DESIGNERS. THESE EXPERTS HAVE BROUGHT THEIR KNOWLEDGE AND EXPERIENCE IN BRITISH CLASSICAL THEATRE AND CONTEMPORARY CUTTING-EDGE THEATRE TO THE STUDENTS AT USF IN THE FORM OF HANDS-ON MASTER CLASSES AND WORKSHOPS.THE FOUNDATION MAINTAINS A CONTRACT WITH A UK CITIZEN LIVING OUTSIDE OF THE US TO FUNCTION AS THE LONDON ADMINISTRATOR OF THE UNIVERSITY OF SOUTH FLORIDA BRITISH INTERNATIONAL THEATRE (BRIT) PROGRAM. THE ADMINISTRATOR IS PAID A FEE FOR IDENTIFYING AND ENGAGING ARTISTS FOR THE PROGRAM. TO EXPEDITE THE PROCESS OF CONTRACTING GUEST ARTISTS FROM THE UNITED KINGDOM, THE FOUNDATION ALSO PROVIDES ADVANCED FUNDING TO THE ADMINISTRATOR. USF Real Estate Foundation LLC 4202 E Fowler Ave ALC 100 Tampa FL 33620 590879015 REAL ESTATE FL 0 0 USF Foundation Inc THE UNIVERSITY OF SOUTH FLORIDA BOARD OF TRUSTEES 4202 E FOWLER AVE TAMPA FL 33620 593102112 EDUCATION FL 501(c)(1) N/A false USF ALUMNI ASSOCIATION 4202 E FOWLER AVE TAMPA FL 33620 237357236 ALUMNI RELATIONS FL 501(c)(3) Type III-FI USF BOARD OF TRUSTEES false USF HEALTH PROFESSIONS CONFERENCING CORPORATION 4202 E FOWLER AVE TAMPA FL 33620 161765073 HEALTHCARE FL 501(c)(3) Type I USF BOARD OF TRUSTEES false UNIVERSITY OF SOUTH FLORIDA INSTITUTE OF APPLIED ENGINEERING 4202 E FOWLER AVE TAMPA FL 33620 831012625 EDUCATION FL 501(c)(3) USF BOARD OF TRUSTEES false USF RESEARCH FOUNDATION INC 4202 E FOWLER AVE TAMPA FL 33620 592959590 RESEARCH FL 501(c)(3) Type I USF BOARD OF TRUSTEES false SUN DOME INC 4202 E FOWLER AVE TAMPA FL 33620 592051855 EVENT FACILITY FL 501(c)(3) 5 USF BOARD OF TRUSTEES false UNIVERSITY MEDICAL SERVICE ASSOCIATION INC 12901 BRUCE B DOWNS BLVD MDC 62 TAMPA FL 33620 237313346 TO SUPPORT USF'S COLLEGE OF MEDICINE IN RESEARCH AND EDUCATION FL 501(c)(3) 5 USF BOARD OF TRUSTEES false USF FINANCING CORPORATION 4202 E FOWLER AVE TAMPA FL 33620 202865561 FINANCING FL 501(c)(3) 10 USF BOARD OF TRUSTEES false USF PROPERTY CORPORATION 4202 E FOWLER AVE TAMPA FL 33620 202878274 SUPPORT USF Fin Corp FL 501(c)(3) 10 USF Financing Corp false false true true true false false false false true true false true true true true true true false false