Form 990 for tax year 2023
Filed by FLORIDA STATE UNIVERSITY FOUNDATION INC.
Totals
- Total revenue
- $109,073,173
- Total expenses
- $103,086,035
- Contributions and grants received
- $54,173,079
- Grants paid
- $55,380,954
- Program services expenses (Part IX)
- $74,275,619
- Management and general expenses
- $23,112,505
- Fundraising expenses
- $5,697,911
- Program service expenses (Part III)
- $74,275,619
Program services were 72.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
Christopher E Iansiti
Trustee/Chair
- Total calculated
- $0
- Hours/week
- 1
-
Craig T Lynch Partial Year
Trustee/Chair-elect
- Total calculated
- $0
- Hours/week
- 1
-
Frank A Hall
Trustee/Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Sean Pittman
Trustee/Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Agnes F Stoops
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Andrea K Friall
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Ashbel C Williams
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Brian K Williams
Trustee/Ex Officio Voting, UBOT Designee
- Total calculated
- $0
- Hours/week
- 1
-
Bridgett Y Birmingham
Trustee/Ex Officio Voting, Faculty Senate President
- Total calculated
- $123,271
- From this org
- $0
- From related orgs
- $96,997
- Other
- $26,274
- Hours/week
- 1 + 40 related
-
Bruce W McNeilage
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Catherine M Johnson
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Charles R Cottrell
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Diahann W Lassus
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Eric Muoz
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Fred M Tresca
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Henri W Crockett
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Inez E Cohen
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
James L Lee
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jay B Johnson
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jay F Steele
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
John W Thiel
Trustee/Ex Officio Voting, UBOT Advancement Committee
- Total calculated
- $0
- Hours/week
- 1
-
Judith Hayden
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Kristian Denny
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Kyle D Riva
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Lance A Barton
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Lee F Hinkle
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Marilyn J Young
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mart P Hill
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Michael C Poland
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Michael T Queen
Trustee/Ex Officio Voting, Provost-Appointed Dean
- Total calculated
- $318,130
- From this org
- $0
- From related orgs
- $268,461
- Other
- $49,669
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $256,335 related
- Bonus
- $0
- Other
- $0 + $12,126 related
- Deferred
- $0 + $26,331 related
- Nontaxable benefits
- $0 + $23,338 related
- Filer's total
- $0 + $318,130 related
-
Nancy McKay
Trustee/Immediate Past Chair
- Total calculated
- $10,052
- From this org
- $0
- From related orgs
- $10,052
- Other
- $0
- Hours/week
- 1 + 10 related
-
Paula P Smith
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Ralph R Gonzalez
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Richard D McCullough
Trustee/Ex Officio Voting, FSU President
- Total calculated
- $1,496,917
- From this org
- $0
- From related orgs
- $1,365,751
- Other
- $131,166
- Hours/week
- 1 + 42 related
Schedule J breakdown matched by us
- Base
- $0 + $857,836 related
- Bonus
- $0 + $337,785 related
- Other
- $0 + $170,130 related
- Deferred
- $0 + $98,769 related
- Nontaxable benefits
- $0 + $32,397 related
- Filer's total
- $0 + $1,496,917 related
-
Robert A Johnson
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Robert E Rice Partial Year
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Russell T Kohl
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Ruth R Akers Partial Year
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Scott G Price
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Steven J Mudder
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Thomas Bartelmo
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Timothy S Gunning
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Tom C Haney
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Urielle J Laurent
Trustee/Ex Officio Voting, Chair, Student Foundation
- Total calculated
- $0
- Hours/week
- 1
-
William E Coen
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
William T Hold
Trustee/Ex Officio Voting, Presidential Appointee
- Total calculated
- $0
- Hours/week
- 1
-
Yvonne T Brown
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Caroline C Poole
Assistant VP of Adv., Strategic Initiatives/Assistant Secretary
- Total calculated
- $204,977
- From this org
- $0
- From related orgs
- $165,045
- Other
- $39,932
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $137,365 related
- Bonus
- $0
- Other
- $0 + $27,680 related
- Deferred
- $0 + $16,312 related
- Nontaxable benefits
- $0 + $23,620 related
- Filer's total
- $0 + $204,977 related
-
John F Carrigan
CFO/Assistant Treasurer
- Total calculated
- $248,496
- From this org
- $0
- From related orgs
- $166,261
- Other
- $82,235
- Hours/week
- 38 + 2 related
Schedule J breakdown matched by us
- Base
- $0 + $166,261 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $56,696 related
- Nontaxable benefits
- $0 + $25,539 related
- Filer's total
- $0 + $248,496 related
-
Marla A Vickers
VP for University Advancement & Foundation President
- Total calculated
- $499,486
- From this org
- $0
- From related orgs
- $447,999
- Other
- $51,487
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $424,874 related
- Bonus
- $0 + $20,000 related
- Other
- $0 + $3,125 related
- Deferred
- $0 + $41,144 related
- Nontaxable benefits
- $0 + $10,343 related
- Filer's total
- $0 + $499,486 related
-
David James VanLone
Sr. Director of Development, College of Business
- Total calculated
- $199,732
- From this org
- $0
- From related orgs
- $160,676
- Other
- $39,056
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $160,676 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $15,875 related
- Nontaxable benefits
- $0 + $23,181 related
- Filer's total
- $0 + $199,732 related
-
James A McNeill
Sr. Director of Development, College of Medicine
- Total calculated
- $202,908
- From this org
- $0
- From related orgs
- $170,208
- Other
- $32,700
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $170,208 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $21,940 related
- Nontaxable benefits
- $0 + $10,760 related
- Filer's total
- $0 + $202,908 related
-
Jeffrey T Bauer
Director, Information Services
- Total calculated
- $197,770
- From this org
- $0
- From related orgs
- $170,139
- Other
- $27,631
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $170,139 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $27,162 related
- Nontaxable benefits
- $0 + $469 related
- Filer's total
- $0 + $197,770 related
-
Nancy B Smilowitz
Sr. Director of Development, College of Arts and Sciences
- Total calculated
- $197,172
- From this org
- $0
- From related orgs
- $170,454
- Other
- $26,718
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $170,454 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $16,583 related
- Nontaxable benefits
- $0 + $10,135 related
- Filer's total
- $0 + $197,172 related
-
Steven Mark Terman
Sr. Director of Development, The John and Mable Ringling Museum of Art
- Total calculated
- $199,676
- From this org
- $0
- From related orgs
- $160,969
- Other
- $38,707
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $160,969 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $15,840 related
- Nontaxable benefits
- $0 + $22,867 related
- Filer's total
- $0 + $199,676 related
-
Michael Hartline
Former Interim Foundation President
- Total calculated
- $471,443
- From this org
- $0
- From related orgs
- $431,897
- Other
- $39,546
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $406,845 related
- Bonus
- $0
- Other
- $0 + $25,052 related
- Deferred
- $0 + $27,667 related
- Nontaxable benefits
- $0 + $11,879 related
- Filer's total
- $0 + $471,443 related
-
Thomas Block
Former VP Adv. Relations/Assistant Secretary
- Total calculated
- $181,168
- From this org
- $0
- From related orgs
- $156,147
- Other
- $25,021
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $61,401 related
- Bonus
- $0
- Other
- $0 + $94,746 related
- Deferred
- $0 + $8,536 related
- Nontaxable benefits
- $0 + $16,485 related
- Filer's total
- $0 + $181,168 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · First-class or charter travel
- 1a · Travel for companions
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- 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.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$54,168,080
SUPPORT SCHOLARSHIPS AND UNIVERSITY PROGRAMS
-
SUPPORT FOR THE ALUMNI ASSOCIATION
-
$175,000
SUPPORT FOR THE RESEARCH FOUNDATION
-
$100,000
SUPPORT FOR THE REAL ESTATE FOUNDATION
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(c)(3) · EDUCATION · FL
-
FLORIDA STATE UNIVERSITY ALUMNI ASSOCIATION INC
501(c)(3) · DIRECT SUPPORT ORGANIZATION · FL
Directly controlled by FLORIDA STATE UNIVERSITY
-
FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION INC
501(c)(3) · DIRECT SUPPORT ORGANIZATION · FL
Directly controlled by FLORIDA STATE UNIVERSITY
-
FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC
501(c)(3) · DIRECT SUPPORT ORGANIZATION · FL
Directly controlled by FLORIDA STATE UNIVERSITY
-
501(c)(3) · DIRECT SUPPORT ORGANIZATION · FL
Directly controlled by FLORIDA STATE UNIVERSITY
-
FLORIDA STATE UNIVERSITY INTERNATIONAL PROGRAMS ASSOC INC
501(c)(3) · DIRECT SUPPORT ORGANIZATION · FL
Directly controlled by FLORIDA STATE UNIVERSITY
-
FLORIDA STATE UNIVERSITY SCHOOLS INC
501(c)(3) · DIRECT SUPPORT ORGANIZATION · FL
Directly controlled by FLORIDA STATE UNIVERSITY
-
THE JOHN AND MABLE RINGLING MUSEUM OF ART FOUNDATION INC
501(c)(3) · DIRECT SUPPORT ORGANIZATION · FL
Directly controlled by FLORIDA STATE UNIVERSITY
-
FLORIDA MEDICAL PRACTICE PLAN INC
501(c)(3) · DIRECT SUPPORT ORGANIZATION · FL
Directly controlled by FLORIDA STATE UNIVERSITY
-
FLORIDA STATE UNIVERSITY MAGNET RESEARCH AND DEVELOPMENT INC
501(c)(3) · DIRECT SUPPORT ORGANIZATION · FL
Directly controlled by FLORIDA STATE UNIVERSITY
-
FSU COLLEGE OF BUSINESS STUDENT INVESTMENT FUND
501(c)(3) · DIRECT SUPPORT ORGANIZATION · FL
Directly controlled by FLORIDA STATE UNIVERSITY
-
FLORIDA STATE UNIVERSITY ATHLETICS ASSOCIATION INC
501(c)(3) · DIRECT SUPPORT ORGANIZATION · FL
Directly controlled by FLORIDA STATE UNIVERSITY
-
4947 (a)(1) · Nonexempt charitable trust · OH · controlled entity
Directly controlled by FSU Foundation
-
FLORIDA STATE UNIVERSITY PANAMA CITY DEVELOPMENTAL LABORATORY CHARTER SCHOO L INC
501(c)(3) · DIRECT SUPPORT ORGANIZATION · FL
Directly controlled by FLORIDA STATE UNIVERSITY
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511329349301041
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