2025-05-05T12:03:33-05:00 2024-06-30 593204548 JAMES MOORE & CO PL 5931 NW 1ST PL GAINESVILLE FL 326072063 990 2023-07-01 590917284 FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC FLOR 5612972892 777 GLADES ROAD ADM 247 BOCA RATON FL 334316424 DAVID KIAN INTERIM CEO 5612972892 2025-04-15 1 1 KEN KURDZIEL P00060407 3523781331 2025-04-25 2023 2025-03-06 01:10:19Z DAVID KIAN 777 GLADES ROAD ADM 247 BOCA RATON FL 334316424 339668904 0 X HTTPS://FAUF.FAU.EDU/ X 1960 FL TO SUPPORT FLORIDA ATLANTIC UNIVERSITY (FAU). 22 21 0 28 20272 954 32459946 28273812 290731 274888 17139361 19376411 1599320 1917398 51489358 49842509 25132279 38972136 0 0 0 0 0 0 1060869 7930571 4162025 33062850 43134161 18426508 6708348 437211157 462819760 51174330 49164841 386036827 413654919 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 AND TO SECURE THE APPLICATION OF THESE FUNDS IN THE BEST MANNER ADAPTED TO THE CONDITIONS OF TIME AND TO THE NEEDS OF FAU. 0 0 15992561 15441156 274888 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. 14818557 14818557 PROVIDED 2,823 STUDENTS WITH SCHOLARSHIPS FROM PHILANTHROPIC CONTRIBUTIONS. 8712423 8712423 PROVIDED SUPPORT FOR THE SALARIES OF THE UNIVERSITY'S EMINENT SCHOLARS, PROFESSORS, AND OTHER FACULTY AND STAFF. 39523541 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 81 0 1 0 1 1 0 0 0 0 1 1 1 1 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 LA X X X MICHELLE DEPALMA 5612972892 777 GLADES ROAD ADM 247 BOCA RATON FL 334316424 STACY VOLNICK INTERIM FAU PRESIDENT 0.50 40.00 X 0 576920 99733 CHARLES CARTWRIGHT DIRECTOR 0.50 0.00 X 0 0 0 PHYLLIS GLADSTEIN DIRECTOR 0.50 0.00 X 0 0 0 NOEL GONZALEZ DIRECTOR 0.50 0.00 X 0 0 0 DANIEL JOSEPH AUDIT COMMITTEE CHAIR 2.00 0.00 X 0 0 0 PAUL KILGALLON DIRECTOR 0.50 0.00 X 0 0 0 STEWART MARTIN DIRECTOR 0.50 0.00 X 0 0 0 MICHAEL L MILLER TREASURER & FINANCE COMMITTEE CHAIR 2.00 0.00 X X 0 0 0 PETER MOORE DIRECTOR 0.50 0.00 X 0 0 0 PAMELA RONDI NOEL DIRECTOR 0.50 0.00 X 0 0 0 BRIAN POULIN EXECUTIVE COMMITTEE CHAIR 2.00 0.00 X X 0 0 0 SALLY ROWLEY-WILLIAMS DIRECTOR 0.50 0.00 X 0 0 0 KEITH SANDERS NOMINATING & GOV. COMMITTEE CHAIR 2.00 0.00 X 0 0 0 STEVEN SCHMIDT IMMEDIATE PAST CHAIR 0.50 0.00 X X 0 0 0 RICHARD STONE DIRECTOR 0.50 0.00 X 0 0 0 IAN SWARTZ DIRECTOR, AS OF 11/14/23 0.50 0.00 X 0 0 0 RAUL VALERO PHILANTHROPY COMMITTEE CHAIR 2.00 0.00 X 0 0 0 ED VENTRICE INVESTMENT COMMITTEE CHAIR 2.00 0.00 X 0 0 0 CHERYL WILKE VICE CHAIR & SECRETARY 2.00 0.00 X X 0 0 0 WILLIAM E MORRIS LTD. PURPOSE DIRECTOR & RE COMMITTEE CHAIR 1.00 0.00 X 0 0 0 MICHAEL YOON LIMITED PURPOSE DIRECTOR 0.50 0.00 X 0 0 0 EARNIE ELLISON FAU BOT REPRESENTATIVE, AS OF 3/2024 0.50 0.00 X 0 0 0 BARBARA FEINGOLD FAU BOT REPRESENTATIVE, UNTIL 2/2024 0.50 0.00 X 0 0 0 DAVID KIAN INTERIM CEO 40.00 0.00 X 0 434678 54673 MICHELLE DEPALMA CFO 40.00 0.00 X 0 197813 40092 JOHN KELLY FORMER FAU PRESIDENT 0.00 0.00 X 0 539081 48513 0 1748492 243011 0 1 1 0 CAUSE TECH LLC 6671 W INDIANTOWN ROAD STE 50-145 JUPITER FL 33458 DIGITAL MARKETING 140154 1 487791 70456 27715565 2582773 28273812 ALUMNI DUES 900099 155294 155294 SPONSORSHIP REVENUE 900099 119594 119594 274888 9797907 20272 9777635 350 350 1525158 0 1525158 1525158 1525158 298533552 288955048 9578504 9578504 9578504 1033568 487791 871347 162221 162221 OTHER INCOME 900099 229669 229669 229669 49842509 274888 20272 21273537 38972136 38972136 18471 15321 3150 149271 149271 307605 307605 835056 835056 344951 88527 256424 130340 29571 80658 20111 399027 350767 48260 38304 38304 75382 2588 72794 36224 18225 17999 116861 116861 81486 81486 MISCELLANEOUS 907859 63969 794664 49226 STEWARDSHIP ACTIVITIES 427727 662 41721 385344 MEALS AND SPONSORSHIPS 293461 293461 43134161 39523541 2549751 1060869 7529957 3280443 76583254 68017141 17934583 13070392 623433 595848 376835 133959 22054463 34000 22020463 22020463 206228138 251398125 63103209 62547395 42811285 41755994 437211157 462819760 1094255 743137 5409726 5671674 6567 5679 44663782 42744351 51174330 49164841 X 0 0 0 0 386036827 413654919 386036827 413654919 437211157 462819760 6708348 20909744 0 X 0 1 X 1 0 X 12374028 35686243 34290038 32459946 28273812 143084067 12374028 35686243 34290038 32459946 28273812 143084067 17033391 126050676 5580196 2167834 5349277 8959788 11303143 33360238 182493 182493 23165 57357 68980 229669 379171 177005969 2054906 0.71210 0.75530 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 23,165. 2020 AMOUNT: $ 57,357. 2022 AMOUNT: $ 68,980. 2023 AMOUNT: $ 229,669. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 307605 307605 42826556 43134161 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 247640 269152 262128 307605 1086525 250000 250000 250000 250000 1000000 1500000 X 1 37.50 0 0 1 0 7.00 0 X X X 0 1 6567 888 5679 0 267439734 6918405 35012912 2390456 4571291 7278791 295130513 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 0.01380 0.98360 0.00260 1 0 4439639 4439639 34000 34000 0 17580824 17580824 22020463 ALTERNATIVE INVESTMENTS 62547395 F 62547395 LEASE RECEIVABLE 38174296 DUE FROM FAU 3261000 DUE FROM PRIMARY GOVERNMENT 320698 41755994 CERTIFICATES OF PARTICIPATION 3261000 ANNUITIES PAYABLE 229910 DEFERRED INFLOWS 36897562 ESCHEATMENTS 6856 DUE TO PRIMARY GOVERNMENT 2349023 42744351 X 70869553 20909744 81009 20990753 49878800 835056 -871347 -36291 49842509 43251461 81009 871347 952356 42299105 835056 835056 43134161 PART II, LINE 5: FLORIDA ATLANTIC UNIVERSITY OPERATES THE PINE JOG ENVIRONMENTAL AND EDUCATION CENTER, WHICH USES THE CONSERVATION EASEMENT FOR EDUCATION AND RESEARCH PURPOSES. UNIVERSITY STAFF ARE ON-SITE DAILY AND MAINTAIN THE PROPERTY IN ACCORDANCE WITH UNIVERSITY FACILITIES POLICY. ANY VIOLATION ISSUES WOULD BE HANDLED BY THE UNIVERSITY GENERAL COUNSEL. PART II, LINE 9: THE FOUNDATION REPORTS THE CONSERVATION EASEMENT IN ITS BALANCE SHEET AS NONDEPRECIABLE CAPITAL ASSETS IN THE NONCURRENT ASSET SECTION. IN THE FINANCIAL STATEMENT FOOTNOTE OF CAPITAL ASSET, THE DISCLOSURE INCLUDES THE FOLLOWING TEXT: LAND PRESERVES: APPROXIMATELY 25 PERCENT OF THE 150 ACRES KNOWN AS PINE JOG (INCLUDED IN LAND) HAVE REVERSION CLAUSE WHERE THE OWNERSHIP OF THE LAND REVERTS TO THE DONOR OR THE COUNTY IF THE LAND DOES NOT REMAIN IN ITS NATURAL STATE. OTHER PARCELS OF THE LAND HAVE DEED RESTRICTION WITH THE SAME INTENT TO PRESERVE THIS LAND AS A NATURAL AREA. PART III, LINE 4: THE FOUNDATION COLLECTS AND MAINTAINS WORKS OF ART AND SIMILAR ASSETS TO PROVIDE AN ENVIRONMENT FOR THE ENRICHMENT AND INTELLECTUAL ADVANCEMENT OF STUDENTS AND FACULTY OF FLORIDA ATLANTIC UNIVERSITY AND THE COMMUNITY. THE ART COLLECTION PROVIDES INNOVATIVE AND EXPERIMENTAL TEACHING AND RESEARCH OPPORTUNITIES IN VARIOUS LOCATIONS, INCLUDING THE RITTER ART GALLERY AND THE FOGELMAN MUSEUM. THE UNIVERSITY INITIATES AND DEVELOPS INTERDISCIPLINARY PROGRAMS THAT SUPPORT THE UNIVERSITY'S MISSION. 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 -871,347. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES REPORTED ON 990 PART VIII 871,347. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM CONFERENCES AND RESEARCH 120611 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM CONFERENCES AND RESEARCH 1619 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM CONFERENCES AND RESEARCH 11342 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM CONFERENCES AND RESEARCH 8512 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 PROGRAM CONFERENCES AND RESEARCH 1036 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 18958345 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 7666138 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 INVESTMENTS 3185995 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 INVESTMENTS 246091 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 INVESTMENTS 236223 0 0 0 0 0 0 29953598 482314 30435912 0 0 1 1 1 0 FAU GALA 772406 241308 531098 425 250376 17484 334824 HEART OF SOCIAL WORK 146308 146308 500 319 16147 10 602645 100175 502470 22553 95063 61503 72153 1521359 487791 1033568 23478 345758 78987 423124 871347 162221 1 FLORIDA ATLANTIC UNIVERSITY PO BOX 3091 BOCA RATON FL 33431 650385507 501(C)(3) 5539339 0 FUNDING OF UNIVERSITY'S INFRASTRUCTURE FLORIDA ATLANTIC UNIVERSITY PO BOX 3091 BOCA RATON FL 33431 650385507 501(C)(3) 18614241 0 ACADEMIC, RESEARCH AND INSTITUTIONAL SUPPORT FLORIDA ATLANTIC UNIVERSITY PO BOX 3091 BOCA RATON FL 33431 650385507 501(C)(3) 14527695 0 STUDENT SCHOLARSHIPS FLORIDA PREPAID COLLEGE FOUNDATION PO BOX 31242 TAMPA FL 33641 593012202 501(C)(3) 290861 0 STUDENT SCHOLARSHIPS 2 0 PART I, LINE 2: GRANT EXPENSES ARE TRANSFERRED DIRECTLY OR PAID ON BEHALF OF THE UNIVERSITY. THE FOUNDATION PERSONNEL REVIEW TRANSACTIONS PAID WITH GRANT FUNDS TO ENSURE COMPLIANCE WITH DONOR RESTRICTIONS AND FOUNDATION POLICY. DONOR RESTRICTIONS AND FOUNDATION POLICIES ARE AVAILABLE VIA SHARED UNIVERSITY/FOUNDATION SYSTEMS AND WEBSITES. FOUNDATION PERSONNEL ALSO PROVIDE TRAINING FOR UNIVERSITY PERSONNEL REGARDING DONOR RESTRICTIONS AND FOUNDATION POLICIES. 0 0 0 0 0 0 0 0 0 STACY VOLNICK INTERIM FAU PRESIDENT 0 495920 0 75000 0 6000 0 90529 0 9204 0 676653 0 0 JOHN KELLY FORMER FAU PRESIDENT 0 539081 0 0 0 0 0 28577 0 19936 0 587594 0 0 DAVID KIAN INTERIM CEO 0 376016 0 9750 0 48912 0 32926 0 21747 0 489351 0 0 MICHELLE DEPALMA CFO 0 192383 0 4940 0 490 0 18585 0 21507 0 237905 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 13351 FMV X 17 249191 FMV X 1 500619 FMV X 2 13556 FMV X MUSICAL SCORES 1 1701900 FMV X LAB EQUIPMENT 1 72000 FMV X PIANO 1 25000 FMV X GIFT CARDS 9 7156 FMV 3 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 INSTITUTIONAL 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 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 115(1) N/A N/A 0 FLORIDA ATLANTIC UNIVERSITY ALUMNI ASSOCIATION 777 GLADES ROAD BOCA RATON FL 33431 237015697 ALUMNI ASSOCIATION FL 501(C)(3) LINE 10 N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 1 FLORIDA ATLANTIC UNIVERSITY B 38972136 CORP. BOOKS IN ACCORDANCE W/ GAAS FLORIDA ATLANTIC UNIVERSITY L 1060869 CORP. BOOKS IN ACCORDANCE W/ GAAS FLORIDA ATLANTIC UNIVERSITY O 2039372 CORP. BOOKS IN ACCORDANCE W/ GAAS FLORIDA ATLANTIC UNIVERSITY S 605000 CORP. BOOKS IN ACCORDANCE W/ GAAS