2025-01-20T08:02:50-06:00 2024-06-30 260794367 UHY ADVISORS MID-ATLANTIC INC 955 MT HERMON ROAD SALISBURY MD 21804 990 2023-07-01 521127396 SALISBURY UNIVERSITY FOUNDATION INC SALI 4105436392 PO BOX 2655 SALISBURY MD 21802 JASON CURTIN EXECUTIVE DIRECTOR 4105436392 2025-01-20 1 0 ROY J GEISER P01786783 4107421328 2025-01-20 2023 2024-10-15 13:58:12Z JASON CURTIN 1308 CAMDEN AVE SALISBURY MD 21801 11887605 0 X WWW.SALISBURY.EDU/FOUNDATION X 1973 MD TO ENRICH THE ACTIVITIES, EDUCATIONAL PROGRAMS, ATHLETICS AND SCHOLARSHIPS OF SALISBURY UNIVERSITY. 31 31 0 40 0 0 5738558 5364283 259957 218425 1765082 2708079 41497 47251 7805094 8338038 2471335 3023574 0 0 908239 937024 0 0 340071 1999020 2281253 5378594 6241851 2426500 2096187 110537610 125344982 2412659 2479725 108124951 122865257 X THE PURPOSE OF THE FOUNDATION IS TO ENRICH THE ACTIVITIES, EDUCATIONAL PROGRAMS, ATHLETICS AND SCHOLARSHIPS OF SALISBURY UNIVERSITY. 0 0 512215 70569 ACADEMIC ADMINISTRATION 3431483 2664347 ENDOWED COLLEGES AND SCHOOLS 547798 69238 ATHLETICS AND CAMPUS RECREATION 350106 219420 OUTREACH 350106 219420 4841602 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 131 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 31 31 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MD AL AZ HI KY LA MN NH OH OK SC WA X JASON CURTIN 4105436392 1308 CAMDEN AVENUE SALISBURY MD 21801 X DR PETER JACKSON DIRECTOR 1.00 X 0 0 0 CYNTHIA BOUNDS DIRECTOR 1.00 X 0 0 0 HOWARD CROSSAN DIRECTOR 1.00 X 0 0 0 DR MARK BOWEN DIRECTOR 1.00 X 0 0 0 JASON CURTIN EXECUTIVE DIRECTOR 10.00 X X 0 0 0 PETE BUZY DIRECTOR 1.00 X 0 0 0 GARY DESJARDINS TREASURER 2.00 X 0 0 0 DR ROBERT CLARKE DIRECTOR 1.00 X 0 0 0 MICHELE GARIGLIANO IMMEDIATE PAST CHAIR 2.00 X 0 0 0 DR SIMONA ENG DIRECTOR 1.00 X 0 0 0 RICHARD GIVENS II DIRECTOR 1.00 X 0 0 0 SAMANTHA HOWARD VICE CHAIR 2.00 X 0 0 0 SONYA WHITED DIRECTOR 1.00 X 0 0 0 JOE DORREGO SECRETARY 2.00 X 0 0 0 RON MCGANN DIRECTOR 1.00 X 0 0 0 ASHLEY STERN CHAIR 2.00 X 0 0 0 DR JULIUS D ZANT VICE CHAIR 2.00 X 0 0 0 KIMMERLY MESSICK DIRECTOR 1.00 X 0 0 0 PHYLLIS VINYARD DIRECTOR 1.00 X 0 0 0 JULIUS M JONES JR DIRECTOR 1.00 X 0 0 0 J MICHAEL SCARBOROUGH DIRECTOR 1.00 X 0 0 0 MARK SMITH DIRECTOR 1.00 X 0 0 0 LOUIS TAYLOR DIRECTOR 1.00 X 0 0 0 DAWN L ADKINS-HARCUM DIRECTOR 1.00 X 0 0 0 RUBY BROWN DIRECTOR 1.00 X 0 0 0 DAVID J HARKINS DIRECTOR 1.00 X 0 0 0 ERIC MCLAUCHLIN DIRECTOR 1.00 X 0 0 0 NICOLE D TURNER DIRECTOR 1.00 X 0 0 0 STEPHEN FARROW DIRECTOR 1.00 X 0 0 0 WILLIAM HALL DIRECTOR 1.00 X 0 0 0 DR CHARLES B SILVIA JR DIRECTOR 1.00 X 0 0 0 MARIA WALLER DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 360ART LLC 5144 N COMMERCE AVE UNIT A/B MOORPARK CA 93021 PLANETARIUM CONSTRUCTION 161165 1 22079 5342204 650092 5364283 EVENT REGISTRATIONS 900099 124044 124044 ALL OTHER PROGRAM SERVICE REVENU 900099 52476 52476 MEMBERSHIP INCOME 900099 41905 41905 218425 2309357 2309357 3533025 3134303 398722 398722 398722 366314 22079 415264 -48950 -48950 MISCELLANOUS INCOME 611710 96201 96201 96201 8338038 713348 0 2260407 2628836 2628836 394738 394738 937024 224442 534436 178146 180499 180499 252024 245879 1810 4335 366873 297955 27280 41638 130570 130570 9086 161 8925 SUPPLIES AND EQUIPMENT 491590 437615 53975 SPECIAL SERVICES 454980 378701 44442 31837 GENERAL & ADMINISTRATIV 225900 74069 67716 84115 CHARITABLE DONATIONS 105801 95276 10525 63930 63930 6241851 4841602 1060178 340071 54042 327888 11 6598 3672947 3377508 4252 4415 16829 110867 70740 530267 435641 106148 94626 100936074 117459711 5648854 3991082 110537610 125344982 43709 138314 144617 108225 1752486 1752486 471847 480700 2412659 2479725 X 10133286 12811266 97991665 110053991 108124951 122865257 110537610 125344982 X 2096187 12659204 -15085 X X 0 1 X 1 0 X 4297836 4372711 6034565 5738558 5364283 25807953 4297836 4372711 6034565 5738558 5364283 25807953 25807953 2525990 2036849 3038735 1906257 2309357 11817188 37625141 621500 0.68590 0.67510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 71287410 2580144 12958370 6948386 79877538 64380612 1018094 10027619 4138915 71287410 77647210 3641094 -11899440 5008252 64380612 53966426 3644648 23212714 3176578 77647210 56033562 1663833 -1523883 2207086 53966426 0.03800 0.49000 0.47200 0 0 59578 59578 390522 355474 35048 80167 80167 0 94626 MONEY MARKET FUNDS 100707 F MUTUAL FUNDS 114087917 F COMMON STOCKS 3271087 F 117459711 ANNUITIES PAYABLE 480700 480700 X 21216922 12659204 400179 13059383 8157539 180499 180499 8338038 6476616 415264 415264 6061352 180499 180499 6241851 PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS TO ENRICH THE ACTIVITIES, EDUCATIONAL PROGRAMS, ATHLETICS, AND SCHOLARSHIPS OF SALISBURY UNIVERSITY. PART X, LINE 2: THE FOUNDATION IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS AN ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE FOUNDATION BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. TAX YEARS CONSIDERED OPEN AND SUBJECT TO EXAMINATION INCLUDE RETURNS FOR THE FOUNDATION FOR THE YEARS ENDED JUNE 30, 2021 THROUGH JUNE 30, 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -15,085. EXPENSES INCURRED ON FUNDRAISING INCOME 415,264. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES INCURRED ON FUNDRAISING INCOME 415,264. PART XII AND PART XIII LINE 2D: AMOUNTS REPRESENT FUNDRAISING EVENT EXPENSES (FOR 990, PART VIII, LINE 8B). THESE EXPENSES ARE SHOWN AS REDUCTIONS OF REVENUE ON FORM 990, BUT ARE INCLUDED WITH EXPENSES ON THE AUDITED FINANCIAL STATEMENTS. EXPENSES INCURRED ON FUNDRAISING INCOME TOTAL SEA GULL CENTURY 359986 3452 356534 399924 GOLF CLASSIC 28407 18627 9780 15340 388393 22079 366314 415264 415264 -48950 1 SALISBURY UNIVERSITY 1101 CAMDEN AVENUE SALISBURY MD 21802 526002033 501(C)(3) 167573 0 CASH PAID DONATION FOR DELMARVA PUBLIC RADIO SALISBURY UNIVERSITY 1101 CAMDEN AVENUE SALISBURY MD 21802 526002033 501(C)(3) 23052 0 CASH PAID STUDENT ACTIVITIES PROGRAM SALISBURY UNIVERSITY 1101 CAMDEN AVENUE SALISBURY MD 21802 526002033 501(C)(3) 11401 0 CASH PAID CENTER FOR CONFLICT RESOLUTION SALISBURY UNIVERSITY 1101 CAMDEN AVENUE SALISBURY MD 21802 526002033 501(C)(3) 5748 0 CASH PAID DONATION FOR COLLEGE OF HEALTH AND HUMAN SERVICES SALISBURY UNIVERSITY 1101 CAMDEN AVENUE SALISBURY MD 21802 526002033 501(C)(3) 10000 0 CASH PAID OTHER STUDENT ACTIVITIES FACULTY GRANTS, SALISBURY UNIVERSITYTRAVEL/CONFERENCE 30 36217 BOOK PROFESSIONAL DEVELOPMENT, SALISBURY UNIVERSITY 54 95444 BOOK STUDENT EMERGENCY GRANT 8 4000 BOOK SALISBURY UNIVERSITY STUDENT STIPENDS 29 9156 BOOK PART I, LINE 2: THE RECIPIENT MUST PROVIDE SUPPORTING DOCUMENTATION/RECEIPTS FOR THE PURPOSE FOR WHICH THEY WERE REWARDED THE GRANT X 3988 DONOR X 309 DONOR X 20 233712 FAIR MARKET VALUE X 1 361000 DONOR X OTHER-MISCELLANEOUS 12 23061 DONOR X OTHER-FOOD/FLOWERS FOR RECEPTIONS 76 21277 DONOR X OTHER-SPORTS GAME TICKETS 9 6745 DONOR 0 1 0 SCHEDULE M, LINE 25: OTHER-MISCELLANEOUS = TELESCOPE, TELESCOPE CASES, TELESCOPE LENSES, GOLF BAG, COOLERS, WATCH, NECKLACE, DESIGNER PLATTER, GOLFER'S SET, PICNIC TABLES, CANDLE HOLDERS, CANDLES, BASKETBALLS, HELMETS FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS MAY HAVE BUSINESS RELATIONSHIPS WITH OTHER BOARD MEMBERS AS PART OF A NORMAL COURSE OF BUSINESS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S EXECUTIVE DIRECTOR AND GOVERNING BODY REVIEW THE FORM 990 BEFORE IT IS FILED FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS ARE REQUIRED TO FILL OUT A FORM ANNUALLY DISCLOSING ANY CONFLICT OF INTEREST. THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE ON A REGULAR BASIS. IF A SITUATION ARISES REGARDING A CONFLICT OF INTEREST, THE ORGANIZATION'S EXECUTIVE COMMITTEE WILL DISCUSS THE SITUATION AND MAKE A DECISION REGARDING THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 SALISBURY UNIVERSITY FOUNDATION, INC. IS AFFILIATED WITH A STATE OF MARYLAND INSTITUTION (SALISBURY UNIVERSITY), AND IT ABIDES BY THE STATE INSTITUTION'S STANDARD COMPENSATION SCHEDULES. THE FOUNDATION REIMBURSES SALISBURY UNIVERSITY FOR ALL PERSONNEL COSTS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE TO VIEW ON ITS WEBSITE. ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -15,085. FORM 990, PART XII, LINE 2C: PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 100 W COLLEGE AVE LLC PO BOX 2655 SALISBURY MD 21802 208045512 REAL ESTATE MD SUF INC SUFI HOLDINGS IX PO BOX 2655 SALISBURY MD 21802 831558365 REAL ESTATE MD SUF INC SUFI HOLDINGS X PO BOX 2655 SALISBURY MD 21802 814695590 REAL ESTATE MD SUF INC SALISBURY UNIV REAL ESTATE FOUNDATION 1308 CAMDEN AVE SALISBURY MD 21801 522247526 SEE SCHEDULE O MD 501(C)(3) TYPE I N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 SALISBURY UNIVERSITY O 706984 PERSONNEL REIMBURSEMENT SALISBURY UNIVERSITY P 2856771 EXPENSE REIMBURSEMENT