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Nonprofiteer
← FSU FINANCIAL ASSISTANCE INC

Form 990 for tax year 2024

Filed by FSU FINANCIAL ASSISTANCE INC.

Totals

Total revenue
$15,838,300
Total expenses
$15,402,153
Contributions and grants received
$2,674,483
Grants paid
$0
Program service revenue
$13,116,362
Investment income
$44,806
Other revenue
$2,649
Total assets, end of year
$126,149,667
Total liabilities, end of year
$113,547,522
Net assets or fund balances, end of year
$12,602,145
Program services expenses (Part IX)
$14,991,196
Management and general expenses
$410,957
Fundraising expenses
$0
Program service expenses (Part III)
$14,991,196

Program services were 97.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $2,674,483

  • 2a · Program service revenue: SEAT SALES REVENUE

    total $6,920,584 · related or exempt $6,920,584

  • 2b · Program service revenue: SKYBOX REVENUE

    total $4,345,778 · related or exempt $4,345,778

  • 2c · Program service revenue: STADIUM LEASE

    total $1,850,000 · related or exempt $1,850,000

  • 3 · Investment income

    total $44,806 · excluded $44,806

  • 11a · Other revenue: BAD DEBT RECOVERY

    total $2,649 · related or exempt $2,649

  • 11e · Other revenue, total

    $2,649

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $407,185 · program services $272,814 · management and general $134,371

  • 8 · Pension plan contributions

    total $5,948 · program services $3,985 · management and general $1,963

  • 9 · Other employee benefits

    total $21,796 · program services $14,603 · management and general $7,193

  • 10 · Payroll taxes

    total $14,885 · program services $9,973 · management and general $4,912

  • 11g · Fees: other

    total $194,786 · management and general $194,786

  • 13 · Office expenses

    total $57,458 · management and general $57,458

  • 17 · Travel

    total $2,256 · management and general $2,256

  • 19 · Conferences, conventions and meetings

    total $1,700 · program services $1,700

  • 20 · Interest

    total $4,372,344 · program services $4,372,344

  • 22 · Depreciation, depletion and amortization

    total $5,607,802 · program services $5,607,802

  • 24a · Other expenses: CHAMPIONS CLUB TICKETS

    total $2,388,508 · program services $2,388,508

  • 24b · Other expenses: FOOD & SUPPLIES

    total $1,450,062 · program services $1,450,062

  • 24c · Other expenses: OPERATING EXPENSES

    total $474,118 · program services $474,118

  • 24d · Other expenses: BUILDING MAINTENANCE &

    total $395,287 · program services $395,287

  • 24e · All other expenses

    total $8,018 · management and general $8,018

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $5,603,566 · end of year $5,577,146

  • 4 · Accounts receivable

    beginning of year $0 · end of year $44,000

  • 10a · Land, buildings and equipment: cost or other basis

    $208,600,554

  • 10b · Land, buildings and equipment: accumulated depreciation

    $95,664,433

  • 10c · Land, buildings and equipment, net

    beginning of year $118,453,043 · end of year $112,936,121

  • 15 · Other assets

    beginning of year $11,667,006 · end of year $7,592,400

  • 19 · Deferred revenue

    beginning of year $9,298,784 · end of year $5,106,806

  • 20 · Tax-exempt bond liabilities

    beginning of year $111,880,000 · end of year $106,215,000

  • 25 · Other liabilities

    beginning of year $2,378,833 · end of year $2,225,716

  • 27 · Net assets without donor restrictions

    beginning of year $12,165,998 · end of year $12,602,145

Mission and programs · 2024

Mission

NO FORMAL MISSION STATEMENT. SEE PART 1 FOR DESCRIPTION.

Activities or mission (Part I)

FSU FINANCIAL ASSISTANCE, INC. IS A DIRECT-SUPPORT ORGANIZATION OF FLORIDA STATE UNIVERSITY CREATED FOR THE PURPOSE OF SECURING BOND FINANCING.

  • EXPENDITURES RELATED TO SERIES 2012, 2013, & 2015 REFUNDING BONDS. PROCEEDS FROM BONDS ARE ALSO USED FOR STADIUM, ATHLETIC FACILITIES, AND OTHER EDUCATIONAL FACILITIES EXPANSION AND IMPROVEMENTS.

    Expenses $4,372,344

  • MANAGE AND RECEIVE REVENUES FROM CONFERENCE SUITES (SKYBOXES), SEAT SALES, AND STADIUM LEASE DURING THE PERIODS OF TIME THEY ARE NOT NEEDED FOR UNIVERSITY EDUCATIONAL PURPOSES.

    Expenses $10,618,852 · Revenue $13,119,011

As filed on the 2024 return.

Listed in Part VII

  • Wo Bell

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1

  • Kyle Clark

    TREASURER

    Total calculated
    $632,930
    From this org
    $0
    From related orgs
    $575,750
    Other
    $57,180
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $517,050 related
    Bonus
    $0 + $50,000 related
    Other
    $0 + $8,700 related
    Deferred
    $0 + $35,384 related
    Nontaxable benefits
    $0 + $21,796 related
    Filer's total
    $0 + $632,930 related

  • Stephen Ponder

    PRESIDENT

    Total calculated
    $417,826
    From this org
    $0
    From related orgs
    $390,877
    Other
    $26,949
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $323,077 related
    Bonus
    $0 + $66,000 related
    Other
    $0 + $1,800 related
    Deferred
    $0 + $19,493 related
    Nontaxable benefits
    $0 + $7,456 related
    Filer's total
    $0 + $417,826 related

  • Michael Alford

    DIRECTOR

    Total calculated
    $1,614,199
    From this org
    $0
    From related orgs
    $1,557,937
    Other
    $56,262
    Hours/week
    0.1 + 40.25 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,209,962 related
    Bonus
    $0 + $324,000 related
    Other
    $0 + $23,975 related
    Deferred
    $0 + $34,466 related
    Nontaxable benefits
    $0 + $21,796 related
    Filer's total
    $0 + $1,614,199 related

  • Peter Collins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.25 related

  • Clif Curry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Scott Darling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.25 related

  • Charlie Dudley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.25 related

  • Jimmy Graganella

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.25 related

  • William Sweeney

    DIRECTOR

    Total calculated
    $192,852
    From this org
    $0
    From related orgs
    $169,764
    Other
    $23,088
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $169,764 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $23,088 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $192,852 related

  • Warner Peacock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.25 related

  • John P Sinclair III

    CFO

    Total calculated
    $203,083
    From this org
    $0
    From related orgs
    $185,613
    Other
    $17,470
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $168,538 related
    Bonus
    $0 + $9,000 related
    Other
    $0 + $8,075 related
    Deferred
    $0 + $10,436 related
    Nontaxable benefits
    $0 + $7,034 related
    Filer's total
    $0 + $203,083 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, and on a Form 990-PF Part VIII's — 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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)

PART I, LINE 3
FSU FINANCIAL ASSISTANCE INC.'S PRESIDENT AND CFO ARE EMPLOYEES OF SEMINOLE BOOSTERS, INC., A RELATED ORGANIZATION. THEIR COMPENSATION IS REVIEWED AND SET IN ACCORDANCE WITH SEMINOLE BOOSTERS INC.'S POLICIES.

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

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
13 May 2026
IRS schema version
2024v5.5
Source object
202601359349313220

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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