2026-01-16T07:41:16-08:00 2025-06-30 261726741 WatsonRice LLP 31 West 34th Street 7006 New York NY 10001 990 2024-07-01 596175096 Florida Agricultural & Mechanical Univ Foundation Inc FLOR 8504125755 625 E Tennessee Street Suite 100 Tallahassee FL 32308 Brandye Tatum-Fedrick PhD Acting Exec. Dir. 2026-01-16 true true Baruti Bediako CPA P00740658 2124477300 2024 2025-03-06 01:10:19Z Brandye Tatum-Fedrick PhD 203979042 false X http://www.famu.edu/index.cfm?GiveToFAMU&Foun X 1966 FL The Foundation's purpose is to aid in the advancement of the Florida Agricultural and Mechanical University's objectives and purposes. 28 24 0 32 0 27940688 16039894 0 5739225 8977234 3159513 4282622 36839426 29299750 6577604 7887126 0 3889001 4666752 15919 1727856 12383066 12211105 22849671 24780902 13989755 4518848 206789779 226274503 1067587 4177501 205722192 222097002 The Foundation's purpose is to aid in the advancement of the Florida Agricultural and Mechanical University's objectives and purposes. false false 10848774 University support includes expenses incurred for receipt and administration of funds in support of the schools, colleges, institutes, units and programs of Florida A&M University, to include, but not limited to guest speakers, conference and operational expenses, travel, events and consulting services. University Support also includes faculty and staff support including, but not limited to, salaries, travel, professional development training and seminars/conferences for the University's endowed chairs, professorships, and adjunct faculty and staff. 7887126 7887126 Scholarships and grants include charges for tuition fees, room and board, books and stipends for scholars in various academic disciplines. 18735900 true true false true false false false false false true true true false false true true true false false false false false false true true false false true false true false false false false false false false false false false false false false true false false false true 229 0 true 0 false false false false false true true false 0 false false false false false false false false false false X 28 24 false true false false false true true true true false false true true true true true true true true false X X Brandye Tatum-Fedrick 8504125755 625 E Tennessee St Ste 100 Tallahassee FL 32308 Donald Palm Executive Dir. 1.00 50.00 X X 0 302598 25415 Timothy Beard Int. Univ. Pres 1.00 50.00 X X 0 158277 9339 Latosha Adams-Francis Dir. Finance Svcs. 1.00 50.00 0 118117 22156 Kenneth M Neighbors Chairman 1.00 0.00 X X 0 0 0 Tirrell D Whittley Vice Chair 1.00 0.00 X X 0 0 0 Tuwanna Munroe Ward Treasurer 1.00 0.00 X X 0 0 0 Chan Bryant Abney Secretary 1.00 0.00 X X 0 0 0 Wilbert Anthony Neal Executive Dir. 1.00 50.00 X X 0 0 0 Curtis E Johnson Jr NAA Rep. 1.00 0.00 X 0 0 0 Carmen Cummings Martin OAA Exec. Dir. 5.00 45.00 X 0 0 0 Angela C Adderly Director 1.00 0.00 X 0 0 0 Elaine Armster Director 1.00 0.00 X 0 0 0 Terry D Arnold Director 1.00 0.00 X 0 0 0 Rebecca Brown Director 1.00 0.00 X 0 0 0 Gregory L Clark Director 1.00 0.00 X 0 0 0 Hosetta Coleman Director 1.00 0.00 X 0 0 0 Jeffrey K Francis Director 1.00 0.00 X 0 0 0 Marcelia C Freeman Director 1.00 0.00 X 0 0 0 Jemal O Gibson Director 1.00 0.00 X 0 0 0 Clifton A Goins IV Director 1.00 0.00 X 0 0 0 John L Green Director 1.00 0.00 X 0 0 0 Erica D Hill Director 1.00 0.00 X 0 0 0 Monica William Harris Director 1.00 0.00 X 0 0 0 Billy B Greer IV Director 1.00 0.00 X 0 0 0 Laurence A Humphries Director 1.00 0.00 X 0 0 0 Chekesha C Kidd Director 1.00 0.00 X 0 0 0 Lenetra S King Director 1.00 0.00 X 0 0 0 Lisa R LaBoo Director 1.00 0.00 X 0 0 0 Ebenezer T Oriaku Director 1.00 0.00 X 0 0 0 Freddie Raines Director 1.00 0.00 X 0 0 0 TJ Rose Director 1.00 0.00 X 0 0 0 G Scott Uzzell Director 1.00 0.00 X 0 0 0 Kyla J Mays Director 1.00 0.00 X 0 0 0 W Cecyl Hobbs Director 1.00 0.00 X 0 0 0 John Crossman BOT Rep. 1.00 0.00 X 0 0 0 578992 56910 0 false true false Metz Culinary Management 2 Woodland Drive Dallas PA 18612 Food/Catering Services 656441 Mission BBQ 216 S Magnolia Dr Tallahassee FL 32301 Food/Catering Services 181393 Hyatt Regency Grand Cypress One Grand Cypress Blvd Orlando FL 32836 Hotel and Catering 138656 3 360506 15679388 16039894 0 4324129 4324129 0 0 64871 64871 64871 64871 179332397 174679292 4653105 4653105 4653105 360506 0 0 0 Administrative Fees 561000 2437390 2437390 Miscellaneous income 900099 1780361 1780361 4217751 29299750 4282622 8977234 7887126 7887126 0 0 0 485812 485812 0 3320882 2725066 595816 0 289054 133370 155684 571004 481632 89372 0 142104 6000 136104 204097 100591 60396 43110 81180 81180 15919 15919 637744 446420 191324 973365 948952 24413 273473 206856 28001 38616 1645902 1258809 42341 344752 0 0 109497 44538 64959 861561 527702 141213 192646 0 241429 154534 26874 60021 24437 24437 0 182898 182898 49254 12059 37195 Administrative charges 2437390 2437390 Entertainment & dinners 1709243 1158659 131903 418681 Other university support 1523200 1523200 Equipment Purchase 490729 333346 16063 141320 623602 220048 122087 281467 24780902 18735900 4317146 1727856 7024596 8616742 6973541 7275845 4502989 2256487 181992 90204 0 0 0 0 476725 718460 383784 241417 144722 142367 106710309 136265443 80177072 70167366 0 0 597833 741589 206789779 226274503 807204 3838435 260383 339066 1067587 4177501 X 4581956 4579799 201140236 217517203 205722192 222097002 206789779 226274503 4518848 11855962 X false true X true false X 14624991 27634846 25035212 27940688 16039894 111275631 0 0 14624991 27634846 25035212 27940688 16039894 111275631 6291089 104984542 502273 664095 2798043 3424506 4324129 11713046 0 0 122988677 16970004 0.85360 0.89800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false false false true 81180 81180 false false Part II-B, Line 1i - Other Activities Description Work with FAMU Legislative Director and staff to craft strategy for current legislative session(s) utilizing the direction of Governor and Legislative Leadership and political particulars of that unique session.Schedule and attend Legislative meetings with FAMU President, Board of Trustees and FAMU legislative staff with Senate President, Speaker of the House, Chairs and Members of Senate Appropriations Committee, Senate Appropriations Subcommittee on Education, Senate Education Committee, House Appropriations Committee, House Higher Education Appropriations Subcommittee, House Education Committee, and House Higher Education & Career Readiness Subcommittee.Work with FAMU Legislative Director to ensure sponsored bills or bills of interest are scheduled and passed in committee stops. Example: assisted in scheduling the FAMU bill that approved federal funding for dormitory construction through the required process. This important bill was only one of two bills heard in the final Appropriations Committee meeting that otherwise was exclusively dedicated to the Parkland shooting tragedy. Due to the critical nature of this bill passing, the Appropriations Chair tabled the discussion for Representative Ramon Alexander to present his bill. It passed unanimously. Part IV - Additional Information 124140600 2995385 13415191 3532975 1334937 135683264 113378084 4183937 11115504 3282376 1254549 124140600 111477293 3518546 6540434 6918818 1239371 113378084 118997187 5642514 -9215224 2798505 1148679 111477293 95634705 2814911 25092148 3359682 1184895 118997187 0.77162 0.22838 false false false 27000 27000 170394 68842 101552 186390 172575 13815 142367 70167366 Lease Liability 5959 Noncurrent Subscription liability 133775 Other liability 4687 Subscription liability 194645 339066 X 38718322 11855962 11855962 26862360 2437390 2437390 29299750 22343512 22343512 2437390 2437390 24780902 Part V, Line 4: Intended uses of the endowment fund. THE ENDOWMENT FUNDS ARE USED TO FURTHER THE EDUCATION AND WELFARE OF FLORIDA A&M UNIVERSITY (FAMU), ITS FACULTY AND STUDENTS; TO ATTRACT EXPERIENCED AND SCHOLARLY INSTRUCTORS, EDUCATORS AND SCIENTISTS; TO IMPROVE THE EDUCATIONAL FACILITIES, INCLUDING HOUSING AND TEACHING AIDS; AND TO PROVIDE SCHOLARSHIPS FOR NEEDY STUDENTS. Part X : FIN48 Footnote The Foundation is a non-profit 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. The Foundation is classified as an organization operated for the benefit of a college or university owned or operated by a governmental unit described in Section 170(b)(1)(A)(iv).The Foundation has reviewed its tax status and related filings and determined that there are no uncertain tax positions for which an obligation needs to be recorded pursuant to the Income Taxes Topic (ASC 740). Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S Administrative Fees $2437390 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Administrative fees $2437390 X X X X X true EAB PO Box 603519 Charlotte NC 28260 Mail & Media false 15919 15919 Day of Giving 306147 306147 Giving Tuesday 54359 54359 360506 360506 true FLORIDA A&M UNIVERSITY South Adams Street TALLAHASSEE FL 32307 590977035 501(c)(3) 7887126 0 CASH AID IN THE ADVANCEMENT OF THE UNIV 1 0 X X X X true true X X X false false false false false false false false false Donald Palm Executive Dir. 302598 25415 328013 Timothy Beard Int. Univ. Pres 158277 9339 167616 Part I, Line 1a: Relevant information in regards to selections on 1a. The Foundation provides the President a housing allowance which is included as taxable compensation and is authorized in the President's employment contract. The Foundation paid for social club dues and initiation fees specifically for fundraising purposes for the President. The University President's contract authorizes the Foundation to provide the President with club memberships for bona fide business related purposes (e.g. fundraising events, etc.) to further enable him to carry out his duties as President. The Foundation paid for reasonable travel expenses for the President's spouse when accompanying him on University-related business, serving a bona fide business purpose, up to a maximum of $5,000 annually which is authorized by the University President's contract. Form 990, Part VI, Section A, Line 3 The Foundation does not have employees. The persons working within the Foundation are University employees. However, the Foundation reimburses the University for the wages paid to the persons working within the Foundation. Form 990, Part VI, Section A, Line 7b Florida Agricultural and Mechanical University board of trustees has oversight and approval authority of the Foundations governing bodys election or removal of directors of the governing body. Form 990, Part VI, Section B, Line 11b The Form 990 is reviewed and approved by the Foundation Audit Committee and once approved is then forwarded to the full Foundation Board for its review and approval. Form 990, Part VI, Section B, Line 12c The Foundation's conflict of interest policy requires disclosure of conflicts by board members. On July 1, the beginning of each fiscal year, conflict of interest disclosure forms are forwarded to each board member. Any responses that indicate a possible conflict of interest is reviewed by the board chair, Vice President/Executive Director, University President and General Counsel to determine whether further action is necessary. This policy was fully adopted by the board on November 21, 2009 and amended by the full board on June 23, 2011. Form 990, Part VI, Section B, Line 15a The Foundation Compensation Committee approves compensation, in advance of payment, to the covered individual, the committee relies on comparability data that demonstrate the fair market value of the compensation in question (e.g. expert compensation studies by independent firms and written job offers for positions at similar organizations, etc.), then the committee documents how it reached its decision, including the data on which it relied to make the decision and then prepares a recommendation for submission to the Board of Directors for review and approval. Form 990, Part VI, Section B, Line 15b The Foundation Compensation Committee approves compensation, in advance of payment, to the covered individual, the committee relies on comparability data that demonstrate the fair market value of the compensation in question (e.g. expert compensation studies by independent firms and written job offers for positions at similar organizations, etc.), then the committee documents how it reached its decision, including the data on which it relied to make the decision and then prepares a recommendation for submission to the Board of Directors for review and approval. Form 990, Part VI, Section C, Line 19 All governing documents are made available after submission of a public records request. Also, the Foundation's Form 990s are available on our web site for the previous five (5) years. FORM 990, PART I, LINE 5 THE ORGANIZATION DOES NOT HAVE EMPLOYEES. THE COMPENSATION REPORTED ON PART VII IS FUNDED BY FAMU BUT PAID BY FLORIDA A&M UNIVERSITY. FORM 990, PART IX, LINES 5 AND 7 FAMU FOUNDATION RECEIVES BILLINGS FROM AND PAYS/REIMBURSES THE UNIVERSITY CONTROLLER'S OFFICE FOR COMPENSATION AND BENEFITS FOR CERTAIN EMPLOYEES WHO DEVOTE THEIR TIME TO THE FILING ORGANIZATION. ALL W-2s ARE ISSUED BY FLORIDA A&M UNIVERSITY. FORM 990, PART IX, LINES 5,7,8,9,10 THE ORGANIZATION DOES NOT HAVE EMPLOYEES. THE COMPENSATION, SALARIES AND WAGES, EMPLOYEE BENEFITS AND PAYROLL TAXES REPORTED ON LINES 5,7,9 AND 10 ARE FUNDED BY FAMU BUT PAID BY FLORIDA A&M UNIVERSITY. FORM 990, PART VIII LINE 11A ADMINISTRATIVE FEES REPRESENT PAYMENTS RECEIVED BY FAMU FOUNDATION FROM THE CONTRIBUTORS TO SUPPORT THE ACTIVITIES OF THE FAMU FOUNDATION. THEY ARE BASED ON SIZE AND TYPE OF DONATIONS RECEIVED BY THE UNIVERSITY. Florida A&M University South Adams Street Tallahassee FL 32307 590977035 Degree granting institution FL 501(c)(3) 5 NA false false true false false false false false false false true false true true false true false false true false