2026-03-12T19:29:05+00:00 2025-06-11 350921680 CROWE LLP 401 East Las Olas Blvd Suite 1100 Fort Lauderdale FL 333014230 990 2024-07-01 452337977 The Florida State University Real Estate Foundation Incorporated FLOR 8506446000 200 W COLLEGE AVENUE 310 TALLAHASSEE FL 32301 Kevin Graham Executive Director 8506440766 2026-03-13 true true Brittney Kocaj P01320603 9542028600 2026-03-13 2024 2025-03-06 01:10:19Z X KEVIN GRAHAM 200 W COLLEGE AVENUE 310 TALLAHASSEE FL 32301 11591751 false X REALESTATE.FSU.EDU X 2011 FL THE FSU REAL ESTATE FOUNDATION AIDS IN THE ADVANCEMENT OF THE UNIVERSITY BY PROVIDING OVERSIGHT AND EXPERTISE FOR THE UNIVERSITY'S REAL ESTATE INITIATIVES. THE FSU REAL ESTATE FOUNDATION SUPPORTS THE UNIVERSITY AND ITS DIRECT SUPPORT ORGANIZATIONS THROUGH ADMINISTERING REAL ESTATE GIFT ACCEPTANCE, STRATEGIC LAND ACQUISITIONS, DEVELOPMENT PROJECT LEADERSHIP AND LONG TERM REAL ESTATE PLANNING. THE FSU REAL ESTATE FOUNDATION STRIVES TO BE THE SOURCE OF KNOWLEDGE AND EXPERTISE FOR THE FLORIDA STATE COMMUNITY WHERE REAL ESTATE IS CONCERNED. X 2 0 0 0 0 1076701 18850 0 -54688 337465 648284 521986 1670297 878301 131873 2243642 0 0 0 0 842939 781499 974812 3025141 695485 -2146840 17164824 0 15017984 0 2146840 0 X THE FSU REAL ESTATE FOUNDATION AIDS IN THE ADVANCEMENT OF THE UNIVERSITY BY PROVIDING OVERSIGHT AND EXPERTISE FOR THE UNIVERSITY'S REAL ESTATE INITIATIVES. THE FSU REAL ESTATE FOUNDATION SUPPORTS THE UNIVERSITY AND ITS DIRECT SUPPORT ORGANIZATIONS THROUGH ADMINISTERING REAL ESTATE GIFT ACCEPTANCE, STRATEGIC LAND ACQUISITIONS, DEVELOPMENT PROJECT LEADERSHIP AND LONG TERM REAL ESTATE PLANNING. THE FSU REAL ESTATE FOUNDATION STRIVES TO BE THE SOURCE OF KNOWLEDGE AND EXPERTISE FOR THE FLORIDA STATE COMMUNITY WHERE REAL ESTATE IS CONCERNED. false true 2260487 2243642 0 THE FSU REAL ESTATE FOUNDATION RECEIVES CONTRIBUTIONS OF REAL ESTATE TO HOLD, MANAGE, LEASE, MORTGAGE, DEVELOP, ADMINISTER OR SELL IN ORDER TO CONTRIBUTE OR DISTRIBUTE ALL OR A PORTION OF THE NET PROCEEDS FROM SUCH ACTIVITY TO THE UNIVERSITY, THE FLORIDA STATE UNIVERSITY FOUNDATION (FSU FOUNDATION), OR SUCH OTHER ENTITY AS THE BOARD MAY DETERMINE APPROPRIATE. THE FSU REAL ESTATE FOUNDATION MAKES EXPENDITURES, GRANTS, CONTRIBUTIONS OR DISTRIBUTIONS TO OR FOR THE BENEFIT OF THE UNIVERSITY, DIRECTLY AND/OR THROUGH THE FSU FOUNDATION. 2260487 true true false false false false false false false false false false false false false false false false false false false false false false false false false true false true false false false false false false false false false false false false true false false true false false false false true X 2 0 true 0 false false false false false false false false false false false false X 2 0 false false false false false true true true false false false false true true true true true true false false false false FL X X JOHN CARRIGAN 8506440766 200 W COLLEGE AVENUE STE 310 TALLAHASSEE FL 32301 Richard D McCullough FSU President 1.0 40.0 X X 0 1558470 136117 William Sweeney Chair until 4/19/24 1.0 40.0 X X 0 169514 23131 Brady Adcox Secretary 6.0 40.0 X 0 88349 34694 John Carrigan Treasurer 2.0 38.0 X 0 185449 87921 Kevin C Graham Vice President 12.0 28.0 X 0 211153 54487 Marla A Vickers Former FSU Presidential Designee 0.0 40.0 X 0 479872 44994 Michael Hartline INTERIM PRESIDENT UNTIL 10/1/22 0.0 40.0 X 0 494799 46997 0 3187606 428341 0 true true false 0 18850 18850 0 0 0 0 0 560070 38145 521925 0 521925 521925 11012770 10675305 0 337465 337465 337465 Other income 900099 61 61 0 0 0 0 61 878301 0 0 859451 2243642 2243642 18850 18850 39258 0 39258 0 3317 3317 15715 15715 2493 2493 946 946 332045 332045 311118 1083 310035 39359 39359 Carrying costs 15762 15762 Other expenses 1735 1735 Entertainment 901 901 0 0 0 0 3025141 2260487 764654 0 742716 0 4889 0 0 0 0 0 32053 0 0 0 12628757 0 1450000 0 2306409 0 17164824 0 2268 0 0 0 15015716 0 15017984 0 X 1077280 0 1069560 0 2146840 0 17164824 0 -2146840 0 X false false false X X X 1 FLORIDA STATE UNIVERSITY 591961248 2 true 0 1270555 1 0 1270555 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true FSU FOUNDATION 325 W COLLEGE AVE TALLAHASSEE FL 32301 596152180 501(C)(3) 631170 341917 BOOK VALUE PROPERTY & SCHOLARSHIP ACADEMIC SUPPORT FLORIDA STATE UNIVERSITY 600 W COLLEGE AVENUE TALLAHASSEE FL 32306 591961248 501(C)(3) 0 1270555 BOOK VALUE PROPERTY ACADEMIC SUPPORT 2 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds THE ACCOUNTING MANAGER PROVIDES AN APPROVED DISBURSEMENT REQUEST TO TRANSFER THE FUNDS. AT THE TIME OF THE TRANSFER, THE ORGANIZATION AUDITS THE DISBURSEMENT TO ENSURE THAT IT MEETS THE INTENT OF THE AGREEMENT. THE REAL ESTATE FOUNDATION KEEPS RECORDS OF THE DISBURSEMENTS AS PART OF ITS ACCOUNTS PAYABLE DOCUMENTATION. false false false false false false false Marla A Vickers Former FSU Presidential Designee 0 452372 0 20000 0 7500 0 34559 0 10435 0 524866 0 0 Michael Hartline INTERIM PRESIDENT UNTIL 10/1/22 0 469799 0 0 0 25000 0 35330 0 11667 0 541796 0 0 Richard D McCullough FSU President 0 1028639 0 320000 0 209831 0 103466 0 32651 0 1694587 0 0 William Sweeney Chair until 4/19/24 0 169514 0 0 0 0 0 23088 0 43 0 192645 0 0 Kevin C Graham Vice President 0 211153 0 0 0 0 0 28841 0 25646 0 265640 0 0 John Carrigan Treasurer 0 185449 0 0 0 0 0 64528 0 23393 0 273370 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation THE FOUNDATION PRESIDENT IS AN EMPLOYEE OF FLORIDA STATE UNIVERSITY, A RELATED ORGANIZATION. FOUNDATION PRESIDENT COMPENSATION IS REVIEWED AND SET BY THE PRESIDENT OF THE UNIVERSITY OR A 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. Cash 2025-05-30 631170 BOOK VALUE 596152180 FSU FOUNDATION 325 W COLLEGE AVENUE TALLAHASSEE FL 32301 501(C)(3) Land, buildings, and equipment 2025-05-30 341917 BOOK VALUE 596152180 FSU FOUNDATION 325 W COLLEGE AVENUE TALLAHASSEE FL 32301 501(C)(3) Land, buildings, and equipment 2025-05-30 1270555 BOOK VALUE 591961248 FLORIDA STATE UNIVERSITY 600 W COLLEGE AVENUE TALLAHASSEE FL 32306 501(C)(3) false false false false true true true true false Form 990, Part III, Line 3 Significant changes in program services THE FSU REAL ESTATE FOUNDATION CEASED OPERATIONS ON JUNE 11, 2025. Form 990, Part V, Line 2a Form W-3 ALL EMPLOYEES OF THE FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION ARE EMPLOYEES OF THE FLORIDA STATE UNIVERSITY, A RELATED ORGANIZATION. DURING CALENDAR YEAR 2024, THERE WERE 2 EMPLOYEES PRIMARILY DEDICATED TO WORKING FOR THE FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION. Form 990, Part VI, Line 15 COMPENSATION FOR MANAGEMENT COMPENSATION FOR MANAGEMENT IS REVIEWED AND SET BY THE PRESIDENT OF FSU, 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 7a Members or stockholders electing members of governing body DIRECTORS ARE APPOINTED BY UNIVERSITY OR UNIVERSITY DIRECT SUPPORT ORGANIZATION REPRESENTATIVES WITH PRIOR APPROVAL OF THE BOARD CHAIR, UNIVERSITY PRESIDENT, AND FSU FOUNDATION PRESIDENT. ELECTED DIRECTORS ARE REVIEWED AND RECOMMENDED BY THE BOARD DEVELOPMENT COMMITTEE AND ELECTED BY A MAJORITY VOTE OF THE BOARD WITH PRIOR APPROVAL OF THE UNIVERSITY PRESIDENT. THE DIRECTOR EMERITUS IS THE IMMEDIATE PAST BOARD CHAIR. THE UNIVERSITY BOARD OF TRUSTEES SHALL APPROVE ALL BOARD APPOINTMENTS TO THE FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION. In April 2024, in collaboration with representatives of the Florida State University, the governing body unanimously voted to dissolve the organization. At this time, the governing body authorized officers of the organization to: -Execute and file with the Florida Department of State the Articles of Dissolution and Plan of Distribution of Assets -Perform any and all acts, execution and delivery of any other documents, consents, resolutions, conveyances, certificates, and agreements of any kind which may be necessary or desirable to wind up the affairs and dissolve the FSU Real Estate Foundation, and -Implement, execute, or effect this dissolution, including, without limitation, all filings and/or acts required by any state or federal law or regulation to wind up its affairs. As of June 11, 2025, the officers to whom these responsibilities have been delegated completed all filings and actions required to legally dissolve the organization. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders PER THE FLORIDA EXCELLENCES IN HIGHER EDUCATION ACT OF 2018, SIGNED INTO LAW ON MARCH 11, 2018, THE UNIVERSITY BOARD OF TRUSTEES SHALL APPROVE BOARD APPOINTMENTS TO THE FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION. In April 2024, in collaboration with representatives of the Florida State University, the governing body unanimously voted to dissolve the organization. No additional appointments to the Board of the FSU Real Estate Foundation occurred prior to dissolution on June 11, 2025. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body With the dissolution of the organization's Board of Directors, the organization no longer has any committees with authority to act on behalf of its governing body; therefore, this question has been answered "no" in accordance with the IRS instructions to Form 990. Form 990, Part VI, Line 11b Review of form 990 by governing body THE SECRETARY AND TREASURER OF THE ORGANIZATION REVIEW THE FORM 990 AND RESOLVE ANY ISSUES OR QUESTIONS WITH THE INDEPENDENT ACCOUNTING FIRM THAT PREPARES THE FORM. IT IS THE RESPONSIBILITY OF THE ORGANIZATION'S OFFICERS TO CONFIRM THAT THIS FORM REPRESENTS THE FSU REAL ESTATE FOUNDATION'S FINANCIAL CONDITION FOR THE PERIOD BEING REPORTED AND DOES NOT CONTAIN ANY UNTRUE STATEMENTS OR OMIT ANY MATERIAL FACTS. THE DRAFT FORM 990 IS PROVIDED TO EACH VOTING BOARD MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING THE FORM WITH THE IRS. DISTRIBUTION IS IN THE FORM OF ELECTRONIC MAIL. Form 990, Part VI, Line 12c Conflict of interest policy ANNUALLY ALL DIRECTORS ARE ASKED TO COMPLETE A CONFLICT OF INTEREST FORM. THIS PROCESS IS MONITORED BY STAFF OF THE FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION TO ENSURE THAT COMPLETED FORMS ARE RETURNED BY ALL MEMBERS WITH INDIVIDUAL FOLLOW UP, WHEN NECESSARY. HARD COPIES OF ALL FORMS ARE RETAINED. IT IS THE RESPONSIBILITY OF STAFF OF THE FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION 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 FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION'S FINANCIAL STATEMENTS, FORM 990 AND 990-T, IF APPLICABLE, ARE AVAILABLE ON THE FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION'S WEBSITE AND UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH BY IRC SECTION 6104(D). THE FLORIDA STATE UNIVERSITY 600 W COLLEGE AVENUE TALLAHASSEE FL 32306 591961248 EDUCATION FL 501(c)(3) 2 NA false THE FLORIDA STATE UNIVERSITY FOUNDATION 325 W COLLEGE AVENUE TALLAHASSEE FL 32301 596152180 DSO FL 501(c)(3) 5 THE FLORIDA STATE UNIVERSITY false FSU RESEARCH FOUNDATION 2000 LEVY AVE BLDG A STE 351 TALLAHASSEE FL 32310 593211153 DSO FL 501(c)(3) Type I THE FLORIDA STATE UNIVERSITY false FSU ALUMNI ASSOCIATION INC 1030 W TENNESSEE STREET TALLAHASSEE FL 32304 590705420 DSO FL 501(c)(3) 7 THE FLORIDA STATE UNIVERSITY false SEMINOLE BOOSTERS INC PO BOX 1353 TALLAHASSEE FL 32302 591561180 DSO FL 501(c)(3) 7 THE FLORIDA STATE UNIVERSITY false FSU INTERNATIONAL PROGRAMS ASSOC INC PO BOX 3062420 TALLAHASSEE FL 32306 593153341 DSO FL 501(c)(3) Type I THE FLORIDA STATE UNIVERSITY false FLORIDA STATE UNIVERSITY SCHOOLS INC 3000 SCHOOL HOUSE ROAD TALLAHASSEE FL 32311 593726188 DEVELOPMENT RESEARCH SCHOOL FL 501(c)(3) 2 THE FLORIDA STATE UNIVERSITY false THE JOHN & MABLE RINGLING MUSEUM OF ART 5401 BAY SHORE ROAD SARASOTA FL 34243 596214423 DSO FL 501(c)(3) Type I THE FLORIDA STATE UNIVERSITY false FLORIDA MEDICAL PRACTICE PLAN INC 1115 WEST CALL STREET TALLAHASSEE FL 32306 571234883 FACULTY MEDICAL PRACTICE PLAN FL 501(c)(3) Type I THE FLORIDA STATE UNIVERSITY false FSU MAGNET RESEARCH AND DEVELOPMENT INC 109 WESTCOTT BUILDING TALLAHASSEE FL 32306 134356799 DSO FL 501(c)(3) Type I THE FLORIDA STATE UNIVERSITY false FSU COLLEGE OF BUSINESS STUDENT INVEST FSU 821 ACADEMIC WAY TALLAHASSEE FL 32306 264028305 DSO FL 501(c)(3) 5 THE FLORIDA STATE UNIVERSITY false FSU ATHLETICS ASSOCIATION INC 403 STADIUM DRIVE WEST TALLAHASSEE FL 32306 813227626 DSO FL 501(c)(3) Type I THE 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 false FLORIDA STATE UNIVERSITY PANAMA CITY DEVELOPMENTAL LABORATORY CHARTER SCHOO L INC 2430 ST ANDREWS BLVD PANAMA CITY FL 32405 320783410 DEVELOPMENT RESEARCH SCHOOL FL 501(c)(3) 2 FLORIDA STATE UNIVERSITY false false true true true true false true false false false true true true true true true true true false