2025-05-12T10:24:29+00:00 2024-06-30 350921680 CROWE LLP 401 East Las Olas Blvd Suite 1100 Fort Lauderdale FL 333014230 990 2023-07-01 596152180 The Florida State University Foundation Inc FLOR 8506446000 325 W COLLEGE AVENUE TALLAHASSEE FL 32301 JOHN F CARRIGAN CFO/ASSISTANT TREASURER 8506446000 2025-05-12 true true Brittney Kocaj P01320603 9542028600 2025-05-12 2023 2025-03-06 01:10:19Z JOHN F CARRIGAN 325 W COLLEGE AVENUE TALLAHASSEE FL 32301 268793057 false X WWW.FOUNDATION.FSU.EDU X 1960 FL THE FLORIDA STATE UNIVERSITY FOUNDATION ENHANCES THE ACADEMIC MISSION AND VISION OF FLORIDA STATE UNIVERSITY THROUGH ITS ORGANIZED FUNDRAISING ACTIVITIES AND FUNDS MANAGEMENT. THE FSU FOUNDATION ACCOMPLISHES ITS MISSION BY FOSTERING RELATIONSHIPS WITH ALUMNI AND FRIENDS, ADVOCATING CHARITABLE GIVING AND RAISING FUNDS ON BEHALF OF FSU, SOLICITING CONTRIBUTIONS FOR ACADEMIC PURPOSES AS PART OF FSU'S OVERALL ADVANCEMENT EFFORT, INVESTING AND EXPENDING FUNDS TO MEET CURRENT AND FUTURE NEEDS OF FSU, AND STRENGTHENING RELATIONSHIPS WITH DONORS TO FSU. 44 40 0 476 205167 0 58540966 54173079 770882 1569490 36251518 52611204 475319 719400 96038685 109073173 26774443 55380954 0 0 11940231 5628362 403311 0 5697911 37068024 42076719 76186009 103086035 19852676 5987138 996438473 1064931255 23041282 24101095 973397191 1040830160 THE FLORIDA STATE UNIVERSITY FOUNDATION ENHANCES THE ACADEMIC MISSION AND VISION OF FLORIDA STATE UNIVERSITY THROUGH ITS ORGANIZED FUNDRAISING ACTIVITIES AND FUNDS MANAGEMENT. THE FSU FOUNDATION ACCOMPLISHES ITS MISSION BY FOSTERING RELATIONSHIPS WITH ALUMNI AND FRIENDS, ADVOCATING CHARITABLE GIVING AND RAISING FUNDS ON BEHALF OF FSU, SOLICITING CONTRIBUTIONS FOR ACADEMIC PURPOSES AS PART OF FSU'S OVERALL ADVANCEMENT EFFORT, INVESTING AND EXPENDING FUNDS TO MEET CURRENT AND FUTURE NEEDS OF FSU, AND STRENGTHENING RELATIONSHIPS WITH DONORS TO FSU. false false 74275619 55380954 2180676 THE FLORIDA STATE UNIVERSITY FOUNDATION EXPENDS FUNDS FOR PURPOSES THAT ENHANCE THE ACADEMIC MISSION OF FLORIDA STATE UNIVERSITY. ACADEMIC SUPPORT INCLUDES SALARIES, SCHOLARSHIPS & FELLOWSHIPS, RESEARCH, CAPITAL FUNDING, EQUIPMENT & SUPPLIES, TRAVEL, AND OTHER EXPENSES. THIS SUPPORT HELPS THE UNIVERSITY'S OUTSTANDING FACULTY INSPIRE STUDENTS, FOSTER AND ENHANCE STRONG ACADEMIC PROGRAMS, AND SERVE AS A KEY ELEMENT TO INSTITUTIONAL GREATNESS. EMINENT SCHOLARS AND PROFESSORSHIPS ARE PRESTIGIOUS POSITIONS HELD BY THE UNIVERSITY'S MOST ACCOMPLISHED FACULTY. SPENDING TO SUPPORT THESE POSITIONS MEANS THAT ACADEMIC EXCELLENCE WILL BE MAINTAINED. CURRICULUM DEVELOPMENT, INTERNSHIPS, INTERDISCIPLINARY WORK, EXPERIENTIAL LEARNING AND ACADEMIC ENRICHMENT ALL REQUIRE PRIVATE SUPPORT. 74275619 true true false true false false false false true true true false false true true true true false false true false false false true false false true false true false false false false false false false false true true false false false true false false false true 25 0 true 0 true true false false false false true true false false false true false false false X 44 40 false false true false false true true true true false false true true true true true true false false false CA CO CT FL GA AL IL IN IA KY LA ME AK MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR AZ SC UT VA AR WA WV WI X X JOHN F CARRIGAN 8506446000 325 W COLLEGE AVENUE TALLAHASSEE FL 32301 Christopher E Iansiti Trustee/Chair 1.0 0 X X 0 0 0 Craig T Lynch Partial Year Trustee/Chair-elect 1.0 0 X X 0 0 0 Frank A Hall Trustee/Treasurer 1.0 0 X X 0 0 0 Sean Pittman Trustee/Secretary 1.0 0 X X 0 0 0 Agnes F Stoops Trustee 1.0 0 X 0 0 0 Andrea K Friall Trustee 1.0 0 X 0 0 0 Ashbel C Williams Trustee 1.0 0 X 0 0 0 Brian K Williams Trustee/Ex Officio Voting, UBOT Designee 1.0 0 X 0 0 0 Bridgett Y Birmingham Trustee/Ex Officio Voting, Faculty Senate President 1.0 40.0 X 0 96997 26274 Bruce W McNeilage Trustee 1.0 0 X 0 0 0 Catherine M Johnson Trustee 1.0 0 X 0 0 0 Charles R Cottrell Trustee 1.0 0 X 0 0 0 Diahann W Lassus Trustee 1.0 0 X 0 0 0 Eric Muoz Trustee 1.0 0 X 0 0 0 Fred M Tresca Trustee 1.0 0 X 0 0 0 Henri W Crockett Trustee 1.0 0 X 0 0 0 Inez E Cohen Trustee 1.0 0 X 0 0 0 James L Lee Trustee 1.0 0 X 0 0 0 Jay B Johnson Trustee 1.0 0 X 0 0 0 Jay F Steele Trustee 1.0 0 X 0 0 0 John W Thiel Trustee/Ex Officio Voting, UBOT Advancement Committee 1.0 0 X 0 0 0 Judith Hayden Trustee 1.0 0 X 0 0 0 Kristian Denny Trustee 1.0 0 X 0 0 0 Kyle D Riva Trustee 1.0 1.0 X 0 0 0 Lance A Barton Trustee 1.0 0 X 0 0 0 Lee F Hinkle Trustee 1.0 0 X 0 0 0 Marilyn J Young Trustee 1.0 0 X 0 0 0 Mart P Hill Trustee 1.0 0 X 0 0 0 Michael C Poland Trustee 1.0 0 X 0 0 0 Michael T Queen Trustee/Ex Officio Voting, Provost-Appointed Dean 1.0 40.0 X 0 268461 49669 Nancy McKay Trustee/Immediate Past Chair 1.0 10.0 X 0 10052 0 Paula P Smith Trustee 1.0 0 X 0 0 0 Ralph R Gonzalez Trustee 1.0 0 X 0 0 0 Richard D McCullough Trustee/Ex Officio Voting, FSU President 1.0 42.0 X 0 1365751 131166 Robert A Johnson Trustee 1.0 0 X 0 0 0 Robert E Rice Partial Year Trustee 1.0 0 X 0 0 0 Russell T Kohl Trustee 1.0 0 X 0 0 0 Ruth R Akers Partial Year Trustee 1.0 0 X 0 0 0 Scott G Price Trustee 1.0 0 X 0 0 0 Steven J Mudder Trustee 1.0 0 X 0 0 0 Thomas Bartelmo Trustee 1.0 0 X 0 0 0 Timothy S Gunning Trustee 1.0 0 X 0 0 0 Tom C Haney Trustee 1.0 0 X 0 0 0 Urielle J Laurent Trustee/Ex Officio Voting, Chair, Student Foundation 1.0 0 X 0 0 0 William E Coen Trustee 1.0 0 X 0 0 0 William T Hold Trustee/Ex Officio Voting, Presidential Appointee 1.0 0 X 0 0 0 Yvonne T Brown Trustee 1.0 0 X 0 0 0 Caroline C Poole Assistant VP of Adv., Strategic Initiatives/Assistant Secretary 40.0 0.0 X 0 165045 39932 John F Carrigan CFO/Assistant Treasurer 38.0 2.0 X 0 166261 82235 Marla A Vickers VP for University Advancement & Foundation President 10.0 30.0 X 0 447999 51487 David James VanLone Sr. Director of Development, College of Business 40.0 0.0 X 0 160676 39056 James A McNeill Sr. Director of Development, College of Medicine 40.0 0.0 X 0 170208 32700 Jeffrey T Bauer Director, Information Services 40.0 0.0 X 0 170139 27631 Nancy B Smilowitz Sr. Director of Development, College of Arts and Sciences 40.0 0.0 X 0 170454 26718 Steven Mark Terman Sr. Director of Development, The John and Mable Ringling Museum of Art 40.0 0.0 X 0 160969 38707 Michael Hartline Former Interim Foundation President 0.0 40.0 X 0 431897 39546 Thomas Block Former VP Adv. Relations/Assistant Secretary 0.0 40.0 X 0 156147 25021 0 3941056 610142 0 true true false CAMBRIDGE ASSOCIATES PO BOX 10317 UNIONDALE NY 115550317 INVESTMENT CONSULTING 1599444 FREEMAN PHILANTHROPIC SERVICES 315 WEST 23 STREET NEW YORK NY 10011 EMPLOYEE RECRUITING 356399 PLUS DELTA PARTNERS 6965 EL CAMINO REAL CARLSBAD CA 92009 EMPLOYEE TRAINING 286885 GRENZEBACH GLIER & ASSOCIATES PO BOX 775324 CHICAGO IL 60677 CAMPAIGN CONSULTING 221373 RSM US LLP 5155 PAYSPHERE CIRCLE CHICAGO IL 606740051 ACCOUNTING SERVICES 182722 12 242071 1757999 1813178 50359831 7379946 54173079 REGISTRATION/ADMINISTRATION 561000 1498740 1498740 0 0 SPONSORSHIPS 561000 70750 0 0 70750 0 0 0 0 1569490 12496626 60731 12435895 89469 89469 0 0 199730791 159616213 40114578 0 40114578 144136 39970442 51366 242071 103671 -52305 0 -52305 MISCELLANEOUS 900099 682236 681936 300 0 0 0 0 0 682236 109073173 2180676 205167 52514251 55380954 55380954 278016 6875 271141 3979821 2563851 1415970 451145 301132 150013 631507 368294 263213 287873 178040 109833 20283 20233 50 280400 46000 234400 255888 255888 17197844 17197844 5147226 3931725 65619 1149882 1473903 1345498 8995 119410 4010995 2982156 233025 795814 191692 144567 44925 2200 211218 211162 56 1501763 1130438 361538 9787 3478811 3132527 19656 326628 173643 150361 15102 8180 30266 29440 826 555804 492738 63066 225721 83591 138466 3664 Campus & Donor Engagement 4689755 4107371 20420 561964 Books, journals & subscriptions 1160664 635418 187866 337380 Faculty/Staff Recruitment Exp. 444102 15167 428935 0 Membership dues and fees 418831 367843 8619 42369 607910 327845 213600 66465 103086035 74275619 23112505 5697911 15180288 2254830 60818585 59174318 51386749 46220191 51411 50558 0 0 0 248783 231796 8639894 3456266 5328181 5183628 111181130 110473881 714830045 810731036 0 37413301 30611017 996438473 1064931255 127460 752156 1336883 1336883 0 2388520 2120088 19188419 19891968 23041282 24101095 X 252727696 247409932 2991436 3168082 717678059 790252146 973397191 1040830160 996438473 1064931255 5987138 61445831 0 X false true X true false X 31219093 38070626 49292930 51782803 54173079 224538531 0 7132978 7344806 6503388 6758163 8514259 36253594 38352071 45415432 55796318 58540966 62687338 260792125 2861281 257930844 4484451 7364349 8159679 10625462 12586095 43220036 0 600 2505 3660 300 7065 1218307 260463 507377 568798 733302 3288247 307307473 4300428 0.8393 0.8436 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER MISCELLANEOUS INCOME, COLUMN A - 1164463.0, COLUMN B - 247778.0, COLUMN C - 483405.0, COLUMN D - 496415.0, COLUMN E - 681936.0, COLUMN F - 3073997.0; DESCRIPTION - GROSS INCOME FROM FUNDRAISING EVENTS, COLUMN A - 53844.0, COLUMN B - 12685.0, COLUMN C - 23972.0, COLUMN D - 72383.0, COLUMN E - 51366.0, COLUMN F - 214250.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 255888 false false 255888 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY FEES OF $255,888 WERE PAID TO CONSULTANTS FOR SERVICES TO SUPPORT THE INTERESTS OF FLORIDA STATE UNIVERSITY; NO PAYMENTS WERE IN SUPPORT OF, OR IN OPPOSITION TO, ANY CANDIDATE FOR POLITICAL OFFICE. 717678059 4109516 99988523 7732489 13717381 10074082 790252146 676213963 1051002 70725617 7794159 13479169 9039195 717678059 690591769 4269628 10026681 7277915 13305953 8090247 676213963 489492453 17062452 208225102 5923468 10978286 7286484 690591769 499422801 17106296 -4670609 5362634 9873845 7129556 489492453 0.0317 0.6866 0.2817 false false 1619876 1619876 4605272 1110075 3495197 2399345 2346191 53154 15401 15401 5183628 FIXED INCOME 11077006 F EQUITIES 427343579 F HEDGE FUNDS 101331249 F LIMITED PARTNERSHIPS 269164311 F REAL ASSETS 1814891 F 810731036 ANNUITY OBLIGATIONS 3953164 SPLIT-INTEREST AGREEMENTS FOR REMAINDER INTERESTS 4202351 TRUSTS HELD BY OTHERS 8608696 DUE TO RELATED ORGANIZATIONS 2833956 SBITA LIABILITIES 293801 19891968 X 161939090 61445831 8514259 103671 70063761 91875329 17197844 0 17197844 109073173 94506121 8514259 103671 8617930 85888191 17197844 0 17197844 103086035 Schedule D, Part V, Line 4 Intended uses of endowment funds SPENDING FROM THE FOUNDATION'S ENDOWMENTS SUPPORTS THE ACADEMIC ACTIVITIES OF THE UNIVERSITY INCLUDING SCHOLARSHIPS AND PROGRAMS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote Pursuant to a determination letter received from the Internal Revenue Service (IRS), the Foundation is a non-profit corporation exempt from federal income taxes under Internal Revenue Code Section 501(c)(3), with the exception of any unrelated business income. The Foundation has reviewed its tax status and related filings and determined that there are no uncertain tax positions that would have a material impact on the financial statements for which an obligation needs to be recorded. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 FUNDRAISING EVENT EXPENSES - 103671 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 FUNDRAISING EVENT EXPENSES - 103671 Central America and the Caribbean 0 0 Investments N/A 93317563 Europe (Including Iceland and Greenland) 0 0 Investments N/A 20756138 0 0 0 0 0 0 114073701 0 114073701 true false true true true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual FSU PC ANNUAL GOLF TOURNAMENT 86479 78220 8259 3000 11314 9000 5685 0 3716 FSU PC ANNUAL DINNER 77295 59375 17920 0 0 0 21284 7656 16101 6 129663 104476 25187 700 1665 9170 7329 408 6643 293437 242071 51366 3700 12979 18170 34298 8064 26460 103671 -52305 true THE FLORIDA STATE UNIVERSITY 282 CHAMPION WAY UCA 2200 TALLAHASSEE FL 32306 591961248 501(C)3 54168080 187374 FMV 9 GUITARS FROM COLLECTION, 2013 DODGE CHARGER & ECHOSENS MEDICAL EQUIPMENT SUPPORT SCHOLARSHIPS AND UNIVERSITY PROGRAMS THE FLORIDA STATE UNIVERSITY ALUMNI ASSOCIATION 1030 W TENNESSEE STREET TALLAHASSEE FL 32304 590705420 501(C)(3) 750500 SUPPORT FOR THE ALUMNI ASSOCIATION FSU RESEARCH FOUNDATION 2000 LEVY AVENUE BUILDING A TALLAHASSEE FL 32310 593211153 501(C)(3) 175000 SUPPORT FOR THE RESEARCH FOUNDATION FSU REAL ESTATE FOUNDATION 200 WEST COLLEGE AVENUE TALLAHASSEE FL 32301 452337977 501(C)(3) 100000 SUPPORT FOR THE REAL ESTATE FOUNDATION 4 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE UNIVERSITY OVERSEES THE GRANT PROCESS. UNIVERSITY PERSONNEL DETERMINE WHO WILL RECEIVE AWARDS AND HOW THEY ARE AWARDED BASED ON THE DONOR RESTRICTIONS OF EACH FUND. ONCE GRANT SELECTIONS ARE MADE, A PAYMENT REQUEST IS INITIATED AND APPROVED BY UNIVERSITY PERSONNEL. EACH GRANT IS THEN AUDITED BY FOUNDATION STAFF TO ENSURE THAT IT MEETS THE DONOR'S INTENT BEFORE PAYMENT IS MADE. THE UNIVERSITY KEEPS RECORDS OF THE DISBURSEMENTS MADE ON BEHALF OF THE FSU FOUNDATION THROUGH ITS SYSTEMS. X X true true false true false false false false false false false Michael Hartline Former Interim Foundation President 0 406845 0 0 0 25052 0 27667 0 11879 0 471443 0 0 Richard D McCullough Trustee/Ex Officio Voting, FSU President 0 857836 0 337785 0 170130 0 98769 0 32397 0 1496917 0 0 Michael T Queen Trustee/Ex Officio Voting, Provost-Appointed Dean 0 256335 0 0 0 12126 0 26331 0 23338 0 318130 0 0 Thomas Block Former VP Adv. Relations/Assistant Secretary 0 61401 0 0 0 94746 0 8536 0 16485 0 181168 0 0 Marla A Vickers VP for University Advancement & Foundation President 0 424874 0 20000 0 3125 0 41144 0 10343 0 499486 0 0 Caroline C Poole Assistant VP of Adv., Strategic Initiatives/Assistant Secretary 0 137365 0 0 0 27680 0 16312 0 23620 0 204977 0 0 John F Carrigan CFO/Assistant Treasurer 0 166261 0 0 0 0 0 56696 0 25539 0 248496 0 0 Nancy B Smilowitz Sr. Director of Development, College of Arts and Sciences 0 170454 0 0 0 0 0 16583 0 10135 0 197172 0 0 Jeffrey T Bauer Director, Information Services 0 170139 0 0 0 0 0 27162 0 469 0 197770 0 0 James A McNeill Sr. Director of Development, College of Medicine 0 170208 0 0 0 0 0 21940 0 10760 0 202908 0 0 Steven Mark Terman Sr. Director of Development, The John and Mable Ringling Museum of Art 0 160969 0 0 0 0 0 15840 0 22867 0 199676 0 0 David James VanLone Sr. Director of Development, College of Business 0 160676 0 0 0 0 0 15875 0 23181 0 199732 0 0 Schedule J, Part I, Line 1a First-class or charter travel CHARTER AIRLINE TRAVEL IS PROVIDED FOR THE UNIVERSITY PRESIDENT AND OTHER SENIOR UNIVERSITY AND FOUNDATION STAFF TO BE ABLE TO TRAVEL WITH THE PRESIDENT OF THE UNIVERSITY ON ADMINISTRATIVE AND FUNDRAISING ACTIVITIES FOR FSU WHERE COMMERCIAL FLIGHTS ARE NOT AVAILABLE. THIS WAS NONTAXABLE TO THE UNIVERSITY PRESIDENT AS WELL AS OTHER SENIOR UNIVERSITY AND FOUNDATION STAFF. Schedule J, Part I, Line 1a Travel for companions THE FOUNDATION PAYS TRAVEL EXPENSES FOR THE UNIVERSITY PRESIDENT'S SPOUSE WHO HAS A COURTESY APPOINTMENT WITH FSU AND ACTS AS AN OFFICIAL AMBASSADOR OF THE UNIVERSITY. THIS WAS NONTAXABLE TO THE UNIVERSITY PRESIDENT. THE UNIVERSITY'S EMPLOYMENT CONTRACT WITH THE VP FOR UNIVERSITY ADVANCEMENT/FOUNDATION PRESIDENT STIPULATES THAT THE FOUNDATION SHALL PAY THE TRAVEL EXPENSES FOR THE FOUNDATION PRESIDENT'S PARTNER, TO ACCOMPANY THE FOUNDATION PRESIDENT ON BUSINESS TRIPS. THIS WAS NONTAXABLE TO THE FOUNDATION PRESIDENT. Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation COMPENSATION FOR THE FOUNDATION PRESIDENT IS REVIEWED AND SET BY THE PRESIDENT OF FLORIDA STATE UNIVERSITY, OR 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. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan Richard D. McCullough, President of Florida State University, participates in a 415(m) Excess Benefit Plan. In calendar year 2023, contributions totaling $148,895 were made to his 415(m) plan. Pursuant to the 415(m) plan document, this amount was included in his taxable wages reported on 2023 Form W-2 Box 5; therefore, this amount is included in Form 990, Schedule J, Part II, Column (B)(III). No distributions were made out of this plan during calendar year 2023. Schedule J, Part II COMPENSATION PAID BY RELATED ORG EFFECTIVE DECEMBER 14, 2018, ALL EMPLOYEES OF THE FSU FOUNDATION TRANSITIONED TO EMPLOYEES OF FLORIDA STATE UNIVERSITY, A RELATED ORGANIZATION. DURING THE CALENDAR YEAR ENDED 2023, ALL INDIVIDUALS WITH COMPENSATION REPORTED ON FORM 990 PART VII WERE EMPLOYEES OF FLORIDA STATE UNIVERSITY, A RELATED ORGANIZATION. X 6 0 Other - SEE NARRATIVE ON SCHEDULE M PART II X 1 6357 Other - PUBLISHED VALUE X 59 7373589 Other - SALE OF COMPARABLES 2 false true false Schedule M, Part I COLUMN (B) THE NUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF UNIQUE CONTRIBUTIONS RECEIVED. Schedule M, Part I, Line 33 Noncash contribution amounts not reported THE FOUNDATION HAS ELECTED TO EXERCISE THE OPTION OF NOT CAPITALIZING ITEMS THAT MEET THE DEFINITION OF COLLECTIONS AS PRESCRIBED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. ALL DONATIONS OF COLLECTIONS ARE TRANSFERRED TO THE UNIVERSITY AT THE TIME OF THE GIFT. THE FOUNDATION RECEIVED DONATIONS OF PAINTINGS, SCULPTURES, PHOTOGRAPHS, MEMORABILIA AND SIMILAR ITEMS WITH A VALUE OF $734,686 AND $3,662,289 FOR THE YEARS ENDED JUNE 30, 2024 AND 2023, RESPECTIVELY. Form 990, Part I, Line 5 AND PART V, LINES 2A AND 2B EFFECTIVE DECEMBER 14, 2018, ALL EMPLOYEES OF THE FSU FOUNDATION TRANSITIONED TO EMPLOYEES OF FLORIDA STATE UNIVERSITY, A RELATED ORGANIZATION. DURING CALENDAR YEAR 2023 THERE WERE 137 EMPLOYEES PRIMARILY DEDICATED TO WORKING FOR THE FSU FOUNDATION. Form 990, Part VI, Line 15 PROCESS TO ESTABLISH COMPENSATION COMPENSATION FOR MANAGEMENT IS REVIEWED AND SET BY THE PRESIDENT OF THE UNIVERSITY, 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, Line 1a Delegate broad authority to a committee THE EXECUTIVE COMMITTEE SHALL EXERCISE THE POWERS AND AUTHORITY OF THE BOARD WHEN THE BOARD IS NOT IN SESSION. THE COMMITTEE SHALL INCLUDE THE CHAIR, PAST CHAIR, FOUNDATION PRESIDENT, TREASURER, SECRETARY, THE UNIVERSITY PRESIDENT OR DESIGNEE, THE CHAIR OF THE UNIVERSITY BOARD OF TRUSTEES OR DESIGNEE, THE PRESIDENT OF THE UNIVERSITY FACULTY SENATE, AND THE CHAIR OF EACH STANDING COMMITTEE. THE COMMITTEE SHALL CONSIDER, EVALUATE AND ANALYZE ISSUES THAT HAVE IMPLICATIONS FOR CHANGES TO THE BOARD AND MAKE RECOMMENDATIONS OF APPROPRIATE ACTION TO THE BOARD. IF THE COMMITTEE MEETS TO EXERCISE THE POWERS AND AUTHORITY OF THE BOARD WHEN THE BOARD IS NOT IN SESSION, THE COMMITTEE SHALL HAVE NO AUTHORITY TO ALTER, AMEND OR REPEAL THE ARTICLES OF INCORPORATION OR BYLAWS OR TO ELECT TRUSTEES. Form 990, Part VI, Line 4 Significant changes to organizational documents THE ORGANIZATION'S BYLAWS HAVE BEEN AMENDED TO REDUCE THE NUMBER OF TRUSTEES ON THE BOARD FROM A MINIMUM OF 36 TO BETWEEN 20 AND 25. THE AMENDED BYLAWS WERE APPROVED IN MAY 2024 WITH AN EFFECTIVE DATE OF JULY 1, 2024. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE ORGANIZATION HAS A TRUSTEESHIP AND ENGAGEMENT COMMITTEE WHICH IS CHARGED WITH DETERMINING THE SLATE OF OFFICERS AND RECOMMENDING CANDIDATES FOR ELECTION AS REGULAR TRUSTEES TO THE UNIVERSITY PRESIDENT AND THE BOARD. REGULAR TRUSTEES HAVE VOTING PRIVILEGES AND ARE ELECTED BY MAJORITY VOTE OF THE VOTING TRUSTEES AFTER RECOMMENDATION BY THE TRUSTEESHIP AND ENGAGEMENT COMMITTEE AND CONSULTATION WITH THE UNIVERSITY PRESIDENT. PER THE FLORIDA EXCELLENCE IN HIGHER EDUCATION ACT OF 2018, SIGNED INTO LAW ON MARCH 11, 2018, THE UNIVERSITY BOARD OF TRUSTEES SHALL APPROVE BOARD APPOINTMENTS, OTHER THAN THOSE MEMBERS APPOINTED BY THE TRUSTEE CHAIR OR PRESIDENT, TO THE FLORIDA STATE UNIVERSITY FOUNDATION. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders PER THE FLORIDA EXCELLENCE IN HIGHER EDUCATION ACT OF 2018, SIGNED INTO LAW ON MARCH 11, 2018, THE UNIVERSITY BOARD OF TRUSTEES SHALL APPROVE BOARD APPOINTMENTS, OTHER THAN THOSE MEMBERS APPOINTED BY THE TRUSTEE CHAIR OR PRESIDENT, TO THE FLORIDA STATE UNIVERSITY FOUNDATION. Form 990, Part VI, Line 11b Review of form 990 by governing body 1) THE CFO REVIEWS FORMS 990 AND 990-T WITH THE PRESIDENT AND RESOLVES ANY ISSUES OR QUESTIONS WITH THE INDEPENDENT ACCOUNTING FIRM THAT PREPARES THE FORMS. IT IS THE CFO AND PRESIDENT'S RESPONSIBILITY TO CONFIRM THAT THESE FORMS REPRESENT THE FOUNDATION'S FINANCIAL CONDITION FOR THE PERIOD BEING REPORTED AND DO NOT CONTAIN ANY UNTRUE STATEMENTS OR OMIT ANY MATERIAL FACTS. 2) THE FOUNDATION'S BOARD OF TRUSTEES DELEGATED TO THE AUDIT COMMITTEE THE RESPONSIBILITY FOR THE FINAL REVIEW OF THE DRAFT FORMS 990 AND 990-T. 3) ONCE THE AUDIT COMMITTEE REVIEW IS COMPLETE, THE DRAFT FORMS 990 AND 990-T ARE PROVIDED TO EACH VOTING BOARD MEMBER OF THE BOARD OF TRUSTEES PRIOR TO FILING THE FORMS WITH THE IRS. DISTRIBUTION MAY BE IN THE FORM OF ELECTRONIC MAIL, NOTIFICATION OF A LINK TO A WEBSITE OR ACTUAL MAILING OF THE DOCUMENT. Form 990, Part VI, Line 12c Conflict of interest policy ANNUALLY ALL TRUSTEES ARE ASKED TO COMPLETE A CONFLICT OF INTEREST FORM. THE BOARD STAFF LIAISON MONITORS THE PROCESS TO ENSURE THAT COMPLETED FORMS ARE RETURNED BY ALL MEMBERS WITH INDIVIDUAL FOLLOW UP WHEN NECESSARY. COPIES OF ALL FORMS ARE RETAINED. IT IS THE RESPONSIBILITY OF THE ASSISTANT SECRETARY OF THE BOARD 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, Line 19 Required documents available to the public THE FOUNDATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE FOUNDATION'S FINANCIAL STATEMENTS, FORM 990 AND FORM 990-T ARE AVAILABLE ON THE FOUNDATION'S WEBSITE AND UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN IRC SECTION 6104(D). Form 990, Part VII, Section A, Line 2 NUMBER OF EMPLOYEES > $100,000 EFFECTIVE DECEMBER 14, 2018, ALL EMPLOYEES OF THE FSU FOUNDATION TRANSITIONED TO EMPLOYEES OF FLORIDA STATE UNIVERSITY, A RELATED ORGANIZATION. DURING CALENDAR YEAR 2023 THERE WERE 32 EMPLOYEES PRIMARILY DEDICATED TO WORKING FOR THE FSU FOUNDATION WHO RECEIVED MORE THAN $100,000 OF REPORTABLE COMPENSATION. FLORIDA STATE UNIVERSITY 282 CHAMPION WAY UCA 2200 TALLAHASSEE FL 32306 591961248 EDUCATION FL 501(c)(3) 2 N/A false FLORIDA STATE UNIVERSITY ALUMNI ASSOCIATION INC 1030 W TENNESSEE STREET TALLAHASSEE FL 32304 590705420 DIRECT SUPPORT ORGANIZATION FL 501(c)(3) 7 FLORIDA STATE UNIVERSITY false FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION INC 200 W COLLEGE AVENUE TALLAHASSEE FL 32301 452337977 DIRECT SUPPORT ORGANIZATION FL 501(c)(3) Type I FLORIDA STATE UNIVERSITY false FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC 2000 LEVY AVENUE BUILDING A SUITE 351 TALLAHASSEE FL 32310 593211153 DIRECT SUPPORT ORGANIZATION FL 501(c)(3) Type I FLORIDA STATE UNIVERSITY false SEMINOLE BOOSTERS INC PO BOX 1353 TALLAHASSEE FL 323021353 591561180 DIRECT SUPPORT ORGANIZATION FL 501(c)(3) 7 FLORIDA STATE UNIVERSITY false FLORIDA STATE UNIVERSITY INTERNATIONAL PROGRAMS ASSOC INC PO BOX 3062420 TALLAHASSEE FL 323062420 593153341 DIRECT SUPPORT ORGANIZATION FL 501(c)(3) Type I FLORIDA STATE UNIVERSITY false FLORIDA STATE UNIVERSITY SCHOOLS INC 3000 SCHOOL HOUSE ROAD TALLAHASSEE FL 32311 593726188 DIRECT SUPPORT ORGANIZATION FL 501(c)(3) 2 FLORIDA STATE UNIVERSITY false THE JOHN AND MABLE RINGLING MUSEUM OF ART FOUNDATION INC 5401 BAY SHORE ROAD SARASOTA FL 34243 596214423 DIRECT SUPPORT ORGANIZATION FL 501(c)(3) Type I FLORIDA STATE UNIVERSITY false FLORIDA MEDICAL PRACTICE PLAN INC 1115 WEST CALL STREET TALLAHASSEE FL 323064300 571234883 DIRECT SUPPORT ORGANIZATION FL 501(c)(3) Type I FLORIDA STATE UNIVERSITY false FLORIDA STATE UNIVERSITY MAGNET RESEARCH AND DEVELOPMENT INC 109 WESTCOTT BUILDING TALLAHASSEE FL 323061330 134356799 DIRECT SUPPORT ORGANIZATION FL 501(c)(3) Type I FLORIDA STATE UNIVERSITY false FSU COLLEGE OF BUSINESS STUDENT INVESTMENT FUND 821 ACADEMIC WAY 509 RBA TALLAHASSEE FL 323061110 264028305 DIRECT SUPPORT ORGANIZATION FL 501(c)(3) 5 FLORIDA STATE UNIVERSITY false FLORIDA STATE UNIVERSITY ATHLETICS ASSOCIATION INC 403 STADIUM DRIVE WEST TALLAHASSEE FL 32306 813227626 DIRECT SUPPORT ORGANIZATION FL 501(c)(3) Type I FLORIDA STATE UNIVERSITY false BOSWORTH EDUC FDFLORIDA TW 4900 TIEDEMAN ROAD OH-01-49-0381 BROOKLYN OH 44144 346776855 Nonexempt charitable trust OH 4947 (a)(1) FSU Foundation true FLORIDA STATE UNIVERSITY PANAMA CITY DEVELOPMENTAL LABORATORY CHARTER SCHOO L INC 2430 ST ANDREWS BLVD PANAMA CITY FL 32405 320783410 DIRECT SUPPORT ORGANIZATION FL 501(c)(3) 2 FLORIDA STATE UNIVERSITY false false true true true false false false false false false true true true true true true true true true