2025-02-24T17:11:48-06:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2023-07-01 461426289 FLORIDA POLYTECHNIC UNIVERSITY FOUNDATION INC FLOR 8638748416 4700 RESEARCH WAY LAKELAND FL 33805 KELLI STARGEL INTERIM CEO 8638748416 2025-02-20 1 1 AMY CHAPMAN P00843460 4078021200 2025-02-19 2023 2025-03-06 01:10:19Z KELLI STARGEL 4700 RESEARCH WAY LAKELAND FL 33805 4523693 0 X FOUNDATION.FLORIDAPOLY.EDU X 2012 FL ESTABLISHED TO HELP SUSTAIN THE MISSION OF FLORIDA POLYTECHNIC UNIVERSITY. 21 20 0 21 0 0 6518205 1702989 0 0 -12654 94621 -1723 0 6503828 1797610 281683 516331 0 0 0 0 0 0 0 1122311 1222436 1403994 1738767 5099834 58843 13652470 12527317 2289258 100540 11363212 12426777 ESTABLISHED TO HELP SUSTAIN THE MISSION OF FLORIDA POLYTECHNIC UNIVERSITY TO EDUCATE STUDENTS EMPHASIZING SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS (STEM) IN AN INNOVATIVE, TECHNOLOGY-RICH, AND INTERDISCIPLINARY LEARNING ENVIRONMENT. 0 0 589454 516331 0 FLORIDA POLYTECHNIC UNIVERSITY FOUNDATION FOSTERS THE MISSION OF THE UNIVERSITY AND HAS PROVIDED SCHOLARSHIP SUPPORT TO THE UNIVERSITY EACH YEAR SINCE IT'S INAUGURAL CLASS IN 14-15. 589454 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 FL X KATHLEEN BOWMAN 8638748416 4700 RESEARCH WAY LAKELAND FL 33805 RANDY AVENT PRESIDENT 15.00 40.00 X X 0 636816 53203 JACK HARRELL III CHAIR 1.25 X X 0 0 0 ANA WOOD-ROGERS VICE CHAIR 1.25 X X 0 0 0 ANTHONY ADAMS DIRECTOR 1.25 X 0 0 0 TODD BAYLISS DIRECTOR (THRU 5/20/24) 1.25 X 0 0 0 CINDY ALEXANDER DIRECTOR 1.25 X 0 0 0 JOHN CURLS JR DIRECTOR 1.25 X 0 0 0 PHILLIPS GREENBERG DIRECTOR 1.25 X 0 0 0 TRAVIS HILLS DIRECTOR 1.25 X 0 0 0 JUSTIN HOLLIS DIRECTOR 1.25 X 0 0 0 CADY JOHNSON DIRECTOR 1.25 X 0 0 0 KRISTEN LOWERS DIRECTOR 1.25 X 0 0 0 JOSHUA MCCOY DIRECTOR 1.25 X 0 0 0 ADRIAN MUHAMMAD DIRECTOR 1.25 X 0 0 0 IVETTE O'DOSKI DIRECTOR 1.25 X 0 0 0 RYAN PEREZ DIRECTOR 1.25 X 0 0 0 DR MUHAMMAD RASHID DIRECTOR 1.25 X 0 0 0 DONNA SLYSTER DIRECTOR 1.25 X 0 0 0 ALEN TOMCZAK DIRECTOR 1.25 X 0 0 0 MICHAEL TSCHANZ DIRECTOR 1.25 X 0 0 0 RYAN WHITTEMORE DIRECTOR 1.25 X 0 0 0 DON WILSON DIRECTOR 1.25 X 0 0 0 KATHLEEN BOWMAN CEO 40.00 15.00 X 0 213086 42744 0 849902 95947 0 0 1 0 0 413578 1289411 1702989 251792 251792 2568912 2726083 -157171 -157171 -157171 1797610 0 0 94621 516331 516331 60506 60506 230532 230532 28275 28275 69051 34650 34401 12322 12322 445 445 835 835 946 946 ALLOCATED OVERHEAD 413578 413578 FPUF EVENTS 231339 2500 228839 LEADERSHIP SUPPORT 120000 120000 ACADEMIC PROGRAM EXPENS 33084 33084 21523 2054 19469 1738767 589454 1149313 0 820034 940978 70345 77138 5562569 4771810 73981 7199522 6663410 13652470 12527317 752 100540 2288506 0 2289258 100540 X 1478819 1807034 9884393 10619743 11363212 12426777 13652470 12527317 X 58843 891048 113674 X 0 1 X 1 0 X 797336 1279149 3003148 6518205 1702989 13300827 797336 1279149 3003148 6518205 1702989 13300827 3001559 10299268 170079 969557 451310 210580 251792 2053318 2827 103 250 3180 15357325 0.67060 0.67070 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2019 AMOUNT: $ 2,827. 2020 AMOUNT: $ 103. 2021 AMOUNT: $ 250. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 230532 0 PART II-B, LINE 1: PAID 5 LOBBYING FIRMS UNDER CONTRACT ANNUALLY FOR $230,532.25. 0 X 2802332 891048 126045 1017093 1785239 12371 12371 1797610 1738767 0 1738767 0 1738767 PART X, LINE 2: THE FOUNDATION HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF ITS TAX POSITION IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECOVERY OF BAD DEBTS 126,045. PART XI, LINE 4B - OTHER ADJUSTMENTS: BAD DEBTS - PLEDGE 12,371. 1 FLORIDA POLYTECHNIC UNIVERSITY 4700 RESEARCH WAY LAKELAND FL 33805 460764837 STATE OF FLORIDA 0 516331 N/A N/A STUDENT SCHOLARSHIPS AND UNIVERSITY SALARIES 1 0 PART I, LINE 2: THE FOUNDATION REQUIRES THE UNIVERSITY TO SUBMIT INVOICES TO SUPPORT THE AMOUNTS NEEDED TO COVER SCHOLARSHIPS AND SALARIES. THE FOUNDATION ALSO REQUIRES THE UNIVERSITY TO SUBMIT THE NAMES OF THE STUDENTS THAT HAVE BEEN AWARDED THE SCHOLARSHIPS ALONG WITH THE INVOICES. 0 0 0 0 0 0 0 0 0 RANDY AVENT PRESIDENT 0 477836 0 143351 0 15629 0 31055 0 22148 0 690019 0 0 KATHLEEN BOWMAN CEO 0 212173 0 0 0 913 0 20872 0 21872 0 255830 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS A STANDING COMMITTEE AND CONSISTS OF THE FOLLOWING: THE CHAIR, VICE CHAIR, THE UNIVERSITY PRESIDENT'S DESIGNEE, THE CHAIR OF THE BOARD OF TRUSTEES' DESIGNEE, AND THE CHAIRS OF THE OTHER STANDING COMMITTEES. THE CHAIR, OR IN HIS OR HER ABSENCE THE VICE CHAIR, PRESIDES AT MEETINGS OF THE EXECUTIVE COMMITTEE. THE CEO ALSO SERVES AS A NON-VOTING MEMBER OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE HAS AND MAY EXERCISE ALL POWERS AND AUTHORITY OF THE BOARD WHEN THE BOARD IS NOT IN SESSION AND MAY ACT IN LIEU OF ANY COMMITTEE; PROVIDED HOWEVER, THE EXECUTIVE COMMITTEE HAS NO AUTHORITY TO ALTER, AMEND, OR REPEAL THE ARTICLES OF INCORPORATION OR THE BYLAWS OF THE FOUNDATION OR TO ELECT OR APPOINT DIRECTORS OR OFFICERS. NOTWITHSTANDING THE PROHIBITION ON THE EXECUTIVE COMMITTEE ELECTING OR APPOINTING OFFICERS, THE EXECUTIVE COMMITTEE MAY APPOINT ACTING OR INTERIM OFFICERS; HOWEVER, OFFICERS APPOINTED BY THIS AUTHORITY MAY ONLY SERVE UNTIL AN ELECTION OCCURS. FORM 990, PART VI, SECTION B, LINE 11B A COMPLETE COPY OF THE 990 IS PROVIDED TO EVERY MEMBER OF THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF HIS OR HER FINANCIAL INTEREST AND ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD-DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTIONS OR ARRANGEMENT. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE WHETHER A CONFLICT OF INTEREST EXISTS. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER SUCH PRESENTATION, HE OR SHE SHALL BE INVITED AND ALLOWED (BUT NOT REQUIRED) TO LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. THE CHAIR OF THE BOARD OR THE COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE FOUNDATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS OR MEMBERS IN ATTENDANCE WHETHER TO ENTER INTO THE TRANSACTION DESPITE THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: BAD DEBT - PLEDGE -12,371. RECOVERY OF BAD DEBTS 126,045. FLORIDA POLYTECHNIC UNIVERSITY 4700 RESEARCH WAY LAKELAND FL 33805 460764837 UNIVERSITY FL 115(1) N/A N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 FLORIDA POLYTECHNIC UNIVERSITY B 514777 CASH FLORIDA POLYTECHNIC UNIVERSITY C 413578 ALLOCATION OF OVERHEAD COST