USF-University of South Florida Foundation, Inc.
4202 E. Fowler Avenue
Tampa FL 33620
Mission
The USF Foundation is a private, not-for-profit corporation chartered pursuant to Florida law as the legal conduit for the solicitation, acceptance, investment and distribution of all private gifts made across the University of South Florida System.
 
As an institutions in the USF System, the University of South Florida Sarasota-Manatee provides access to professional higher education programs and scholarly research in a personalized living and learning community.
 
Gifts made to the USF Foundation for scholarships,  programs and initiatives at USF Sarasota-Manatee stay in the USFSM community and are put to use to the benefit of students and academic programs on the local campus.
Leadership
CEO/Executive Director Mr. Joel D Momberg
Board Chair Ms. Linda O. Simmons
Board Chair Affiliation President/CEO, Simmons Management Services
General Info
Organization DBA
DBA
Supported Organization University of South Florida
Former Names
Tax Exempt Status Public Charity Type I Supporting Organization
Incorporation Year 1958
Awarded competitive grant from Community Foundation in the last 5 years?
State Charitable Solicitations Permit Exempt 0
State Registration 0
IRS Letter of Determination
View
Financial Summary
 
 
Projected Revenue $600,000.00
Projected Expenses $475,000.00
Other Documents
Impact Statement
USF Sarasota-Manatee (USFSM) has had three key accomplishments over the past few years.
 
In June, 2011, USFSM was awarded separate accreditation by the Southern Association of Colleges andSchools (SACS). This means USFSM is able to design new programs, grant our own degrees, make faculty decisions, award diplomas, and have all advising, admissions and financial decisions here instead of in Tampa.
 
The second most significant accomplishment is the decision to welcome freshmen to our campus in the fall of 2013, expanding from upper division only to a full four-year institution.
 
Another significant accomplishment is the partnership between USFSM and Mote Marine Laboratory. In 2013, USFSM completed the construction of teaching and research labs, offices, academic support rooms and a student lounge. Working together, USFSM and Mote created joint appointments for Mote researchers who serve as faculty and allow USFSM faculty and students to work closely with Mote staff on research programs and initiatives under way at Mote.
 
USFSM's continuing goals include adding faculty and programs to meet incoming freshmen needs and expanding facilities to meet the needs of a four-year institution include a new academic building, student center, dormitory, and athletic fields to offer students a robust university experience.
Needs Statement
Gifts made to the USF Foundation on behalf of programs and initiatives at USF Sarasota-Manatee stay in the USFSM community and are put to use to the benefit of students and academic programs on the local campus.  The most pressing needs for USF Sarasota-Manatee are as follows:
 
(1) Funding for additional faculty and program development in STEM fields including a new undergraduate degree in biomedical science and expanded offerings in Communication Sciences & Disorders.  $500,000 for faculty and program support, and $2 million to endow the science program.
 
(2) Supporting the College of Education’s PAInT (Partnerships for Arts-Integrated Teaching) initiative. $1 million is required to endow the Center for PAInT, to include an artists-in-residence program, artist-to-teacher program, a continuing education program, a digitized resource center and graduate certificate and master’s programs with a concentration in arts integration.
  
(4) Funding faculty chairs to respond to curriculum requirements. $1.5 million has been budgeted to fund key faculty chairs in the College of Arts and Sciences, College of Business, College of Education and the new College of Hospitality and Technology Leadership. 
Background Statement
The University of South Florida Sarasota-Manatee (USFSM) was established in 1975 as part of the USF System. USFSM was founded to serve students in Manatee, Sarasota, and DeSoto Counties. Today we have over 18,000 alumni living in the surrounding area and approximately 4,600 students at two locations.  
 
USFSM currently offers 37 programs - 12 certificate programs, 15 undergraduate degrees, 8 masters programs and 2 hosted programs from Tampa. We have a College of Business, College of Education, College of Arts and Sciences, and a College of Hospitality and Technology Leadership on our campus.
 
The top five undergraduate majors include Elementary Education, Psychology, General Business Administration, Interdisciplinary Social Sciences, and Criminology. The top five graduate programs include a Masters in Educational leadership, Masters of Business Administration, Master of Arts in Reading Education, master of Arts in Criminal Justice Administration, and Master of Arts in Teaching. USFSM became separately accredited by the Southern Association of Colleges and Schools in the summer of 2011.
 
Separate accreditation allows the university to create programming based on the needs of the community and the emerging careers that will develop in the future.
Areas Served
Areas Served
Area
Throughout the United States
FL- Manatee
FL- Sarasota
FL- DeSoto
FL- Charlotte
Service Categories
Primary Org Type Education
Secondary Org Type
Tertiary Org Type
Keywords
USF Sarasota-Manatee, USFSM, USF Sarasota, USF, scholarships, higher education, university, veterans, hospitality, business, education, arts & sciences
Statement from the Board Chair/Board President
Statement from the CEO/Executive Director
In order to continuously improve teaching and learning, scholarship, research, innovation, public service and community engagement, USF Sarasota-Manatee strives to provide expanded access to a University education that benefits students and the local, national, and global levels.  USFSM strives to enhance success of student outcomes, faculty productivity, and a positive impact on the community.
Programs
Description

Your investment in any amount supports the development of a comprehensive academic program that will serve as a resource for institutional research, service, and teaching of leading edge information and technology advances in the hospitality and allied industries. This innovative blending of real-world experiences and higher education gives students a rare and valuable educational opportunity.

Budget $10,000
Category Recreation & Sports, General/Other Leisure & Recreational Activities
Program Linked to Organizational Strategy Yes
Population Served Families Adults International
Short Term Success
As the College of Hospitality and Technology Leadership expands, certain benchmarks will be established to measure success.   Currently the College is proposing the development of a Center for Hospitality Innovation that will serve as a resource for institutional research, service, and teaching of leading edge information and technology advances in the Hospitality and allied industries.  Advancing the Center to the funding stage is the first critical near-term benchmarking event.
Long Term Success

Since the College of Hospitality and Technology Leadership’s was founded in 2002, graduates have enjoyed a 98 percent placement in their field. These are preeminent graduates who use critical thinking skills, knowledge, and experience to transform the hospitality industry for the 21st century. They are innovative leaders who will produce meaningful change in the industry. Each year, many of Florida’s top companies and global industry leaders recruit and hire our graduates for key management track positions.

The long range goal of the College is two-fold.  Maintain measured growth  in academic programs and become an invaluable resource to the local, national, and international hospitality community.  The College is poised to reach the next level of leadership and professionalism that will place it among the top 10 hospitality schools nationwide.

Program Success Monitoring

In order to continuously improve teaching and learning; scholarship, research, and innovation; and public service and community engagement, USF Sarasota-Manatee must align business activities to the vision and strategy of the organization and monitor organization performance against strategic goals.

 

Progress to success will be monitored and evaluated for three critical areas:

  1. Teaching & Learning
  2. Scholarship, Research & Innovation
  3. Public Service and Community Engagement 

Critical data to be evaluated include:

  • Enrollment, retention, and graduation rates.
  • Student career results
  • Engagement (local, regional, national, international)
  • Expansion of degree programs.
  • Gains in external funding from public and private grants and gifts for scholarship and program expansion.
Program Success Examples

Achievements by the College of Hospitality and Technology Leadership include:

 

The 1st cohort of National Kaohsiung University students from Taiwan arrived to USF Sarasota-Manatee on July 10, 2013. The 9 students from NKUHT will spend 10 months in Sarasota taking several courses, followed by an optional 5-month internship.

 

Four students from the College of Hospitality and Technology Leadership participated in a three-month initiative with Blake Medical Center to develop a plan to improve the hospital experience through the eyes of those in the hospitality industry. The result was a comprehensive, “Organizational Excellence Proposal” suggesting numerous improvements. Changes to the patient environment include invigorating color schemes, enhanced lighting & user-friendly furniture. Other suggestions focused on food quality, service and employee recognition.

 

These, among others, demonstrate the forward momentum created by the dean of the college, Dr. Cihan Cobanoglu.

Description
USF Sarasota-Manatee is strongly committed to providing returning veterans the support needed to attend and ultimately graduate from college.  To this end, USFSM is embarking on a comprehensive campaign to build a scholarship fund for student veterans who experience gaps in their benefits funding.  The USFSM Veterans Legacy Fund will provide assistance to students when their allocation does not meet their current obligation. Gifts to this fund provide direct support to student veterans to meet their short-term financial needs.
Budget $20,000
Category Education, General/Other Postsecondary Education
Program Linked to Organizational Strategy Yes
Population Served Adults General/Unspecified General/Unspecified
Short Term Success
The short term goal of the Veterans Legacy initiative at USF Sarasota-Manatee is to address the immediate need to provide financial aid to student veterans who experience an unexpected gap in funding for tuition and/or expenses.  A fund will be established at the USF Foundation to receive gifts to support the stated need.  A fundraising campaign that includes private partnerships and individual and corporate gifts and grants is being developed for early fall 2013 with a goal of raising $20,000 by the end of the academic year 2014 (June 30, 2014).
Long Term Success
The goal of the Veterans Legacy initiative will be to establish a  $1 Million scholarship endowment that provides academic and/or merit scholarships for student veterans attending USF Sarasota-Manatee.  The endowment, when fully funded, will provide sufficient earnings capacity to meet the needs of the student veteran population at USFSM, in perpetuity. 
Program Success Monitoring
Success of the Veterans Legacy initiative at USF Sarasota-Manatee will be measured in a number of ways.  The fundraising goal of $20,000 is important and progress will be measured along an academic year timeline, benchmarked at the beginning, midpoint, and end.  The second important measure of success will be increased awareness of the program to relevant constituencies.  These groups include current, former and potential students, student veterans, friends and the communities at large.  Awareness and solicitation campaigns will be developed using all available appropriate media outlets, social media, mailings, annual fund solicitations, and others.
Program Success Examples
The program is in its first stages.  For this reason there are no distinct examples of achievement.  There is, however, increased awareness and "buzz" among some campus constituencies including USFSM Student Government, USFSM veterans clubs and organizations, and some strategic community partners. 
Description
The Center for Partnerships in Arts-Integrated Teaching, or PAInT, has as its mission to build partnerships and networks locally as part of a replicable model to facilitate arts-integrated teaching at all levels of education. The College of Education has adopted a unique identify of arts-integration across all of its educator preparation programs and has established a number of partnerships that have already achieved national recognition. Our local advisory board includes significant and visible arts institutions and initiatives of our region and cooperation with both the Kennedy Center for the Performing Arts in Washington, DC and the Lincoln Center Institute in New York City. The depth of these relationships is increasing, and the Center will provide the College the opportunity to develop even greater national recognition in a unique niche identity.
Budget $1,200,000
Category Education, General/Other Partnerships in Education
Program Linked to Organizational Strategy Yes
Population Served K-12 (5-19 years) Adults Other Named Groups
Short Term Success
There are specific programs in the College of Education at USF Sarasota-Manatee that are housed under the umbrella of the Center. These programs include (1) Professor partnerships, partnering local arts institutions with professors in the college for purposes of improving educator preparation; (2) Artists in classrooms, bringing artistic expertise into educator preparation courses, internships and local school classrooms; (3) Artist-to Teacher scholarships, enabling artists to become certified educators through scholarships in our academic programs; (4) Evidence and advocacy efforts to document and share how the PAInT approach adds value to learning; (5) Professional development, providing learning experiences for current educators to enhance their skills in arts-integration; and (6) The annual International PAInT (INPAInT) Institue and Speaker Series, an international showcase institute for educators and local speaker series for sharing expertise in arts integration.
Long Term Success
Research to date conducted nationally shows many benefits of arts-integrated teaching, including its power to transform the environment for learning; reach students who are not otherwise being reached; connect students to themselves and each other; provide learning opportunities for the adults in the lives of young people; provide new challenges for those students already considered successful; connect learning experiences to the world of real work; support extended engagement in the artistic process; and engage community leaders and resources. The goal of the Center is to enable the faculty in the College of Education to build upon this base of knowledge and extend it through research.
Program Success Monitoring
The Dean of the College of Education will serve as the Accountable Officer. Existing staff in the College of Education will track resources and expenditures and reconcile expenses as needed. The Dean of the College of Education will also be responsible for the annual evaluation of the Center. The objective will be to increase the number of service and education partnerships at the local, national and international levels as well as increasing resources and expenditures in support of arts-integration and related service activities in the local community.
Program Success Examples
Over half of our full-time faculty in the College of Education have received preparation in arts-integration for educators by either Kennedy Center or Lincoln Center. The Professor Partnership program has begun with many local arts partners. Artists-to-Teacher undergraduate scholarships will be launched. College of Education assessment systems are in place as a prototype and have begun gathering evidence of the arts-integrated impact on pupil learning and creating a digitized resource network. The Artists-in-Classroom has been implemented thanks to a substantial local grant. Several speaker events are scheduled for the 2013-2014 Academic year.
Description
The USF Sarasota-Manatee is committed to provide the next generation of students the intellectual resources they need to compete in a fast-paced, evolving global society and the financial resources needed to achieve their educational goals. For many of our students, finances can become the sole factor in determining whether they will attend college and/or pursue an advanced degree. USF places among its highest priorities the establishment of privately funded scholarships. Unlike student loans, scholarship funds do not need to be repaid, reducing the financial burden many students face after graduation. The generosity of thousands of donors has helped generations of USFSM students realize their dream of a university degree. A gift of scholarship in any size serves as an investment in the future.
Budget $50,000
Category Education, General/Other Student Financial Aid
Program Linked to Organizational Strategy Yes
Population Served Adults Families Poor,Economically Disadvantaged,Indigent
Short Term Success
Students will the decisions to attend USF Sarasota-Manatee if there is a promise to support tuition expenses and they have the option of living at home. A stronger freshmen class will increase demand for classes, for the benefit of all students on campus.
Long Term Success
Gifts of scholarship strengthen USF Sarasota-Manatee's ability to recruit the highest caliber students who fulfill both the academic and financial qualifications. USF Sarasota-Manatee's expansion to a four-year university will accelerate growth in the student population, increased course and program offerings, and maximizing campus utilization to serve as many local students as possible in our convenient, regional campus setting. The need for scholarship funding is greater now than it has ever been.
Program Success Monitoring
Program success for scholarship distribution can be measured by the number of students awarded scholarships over the previous year(s), the number and amount of new scholarship funds collected from public and private interests, and an increase in enrollments.  Additional data may be collected from surveys, interviews, and first-person narratives about scholarships and their impact on the academic careers of individuals.
Program Success Examples USFSM students have benefited greatly from the generosity of our donors.  Since 1998, USF Sarasota-Manatee has awarded more than 1.48 million dollars in scholarships to thousands of deserving students, including over $450,000 to students in the First Generation Program. 
Description

Endowments support a broad base of initiatives at USF Sarasota-Manatee.  Endowed funds may be created for scholarships, fellowships, chairs, research, professorships, lecture series, equipment, capital improvements and more.

Endowments preserve the donor’s original gift to the university in perpetuity, creating an enduring legacy throughout time.  The principal gift remains intact while earnings from the donor’s investment are used to support its purpose.

University Advancement works with donors to discover the best way to create an endowed fund that best suits their particular needs and wishes. Endowments can be established in the donor’s name, the name of their business, or in honor of someone important to the donor. Donors also can specify how they would like the income from the endowment to be used.

Budget $100,000
Category Education, General/Other Educational Programs
Program Linked to Organizational Strategy Yes
Population Served Adults Families At-Risk Populations
Short Term Success
Endowing programs will help USFSM attract high caliber faculty and create strategically designed programs that benefit our students, the university and the community as a whole.
Long Term Success
Endowments are an important part of USFSM's goal to build and maintain a world-class faculty. They help attract and retain a diverse group of scholars who influence today's important public policy and academic debates and establish USF Sarasota-Manatee as a leader in higher education.
These chairs, professorships, and fellowships highlight the important role that scholarship and teaching play at USFSM. Possible only with the generous support of donors who value excellence in scholarship and want to help ensure that USFSM continues to maintain a renowned faculty, these endowed funds support teaching and research, challenging students to their full potential. Faculty members also care deeply about students' intellectual, social, emotional and physical development, guiding students to achieve their educational goals. Named chairs also shine the national spotlight on a scholar's work as well as the college where he or she is employed.
Program Success Monitoring
Success is measured by the number and size of the pool of endowments available to the university.
Program Success Examples USF Sarasota-Manatee currently holds more than $7,145,000 in endowed principal funds dedicated to scholarships, chairs, professorships, and infrastructure.
Comments
Program Comments by Organization
USF Sarasota-Manatee is dedicated to providing a premium quality education from outstanding faculty and a committed professional staff. USF Sarasota-Manatee is a great place to receive a bachelor's or master's degree, or when you are making a career change and desire new skills. You will get a higher degree of satisfaction in a convenient, small-campus atmosphere with a 15:1 student to faculty ratio while earning degrees from a top-tier research university.
 
We take pride in our more than 17,000 alumni living and working in the region as civic and business leaders. Our community business partners help us connect their workforce needs with our campus programs and provide valuable internships that often lead to job opportunities upon graduation.
 
Come "Learn, Grow and Lead" with a degree from USF Sarasota-Manatee.
Program Comments by Foundation
CEO/Executive Director
CEO/Executive Director Mr. Joel D Momberg
CEO Term Start Feb 2009
CEO/Executive Director Email jmomberg@admin.usf.edu
Experience
Joel D. Momberg.  During his 30-year tenure at All Children’s Hospital, Momberg worked closely with USF to raise a $36-million endowment for pediatric research, which built and supports research in the USF-ACH Children’s Research Institute. The group of gifts from All Children’s remains USF’s largest institutional endowment. Momberg started at All Children’s Hospital as director of public relations in 1979 and was named Executive VP of All Children’s Hospital Foundation in 2000. He was one of the founding members of The Children’s Miracle Network.  In addition he has served on the Board of Shorecrest Preparatory School and as 2004-2005 President of Suncoasters, who produce the Festival of States. He served as member of the Board of Governors of the St. Petersburg Area Chamber of Commerce; and is currently serving as an Advisory Member of the following: MoreHealth, Inc.; an educational partner of All Children’s; Junior League of St. Petersburg; and Suncoast Cardiovascular Research & Education Foundation. Momberg was born in New Orleans and graduated from the University of Georgia.
Most recently Momberg announced that the USF Foundation has exceeded the $600 million fundraising goal for the USF: Unstoppable Campaign. The campaign, publicly launched in October of 2009, has raised both awareness and funding for USF System students and priorities in academics, athletics and research. As of June 30, 2013 the campaign surpassed $621 million.

The USF: Unstoppable Campaign has thus far raised more than $75 million for student scholarships and $34 million for faculty chairs and professorships. In addition, benefactors to the campaign donated more than $325 million to support academic program enhancements, which impact both faculty and students through the creation of better opportunities for teaching, learning, and research. 

Former CEOs/Executive Directors
NameTerm
Mr. Michael Rierson Mar 2001 - Oct
Mr. J. Jeffrey Robison June 2007 - Nov
Senior Staff
NameTitle
Steve Blair Vice President of Development
Rob Fischman Chief Financial Officer
Bill McCausland Associate vice President and Executive Director, USF Alumni Assn.
Dennis Stover Regional Vice Chancellor for Advancement
Staff & Volunteer Statistics
Full Time Staff 120
Part Time Staff 6
Staff Retention Rate % 86
Professional Development Yes
Contractors 1
Volunteers 657
Management Reports to Board Yes
CEO/Executive Director Formal Evaluation Yes
Senior Management Formal Evaluation Yes
Non-Management Formal Evaluation Yes
Collaborations
Most recently we have partnered with Mote Marine Laboratory to renovate space in Mote's education center to house science labs for USF faculty and student use. USF faculty will support Mote research, Mote researchers will be available to teach USF students, and USF students will be eligible for Mote internships. USFSM has a longstanding partnership with State College of Florida (SCF) where students complete an Associate's degree with SCF and transfer to USF to complete a bachelor's degree. We have a similar arrangement with Hillsborough Community College. USFSM's College of Education has Professional Partners with Ballard Elementary, Daughtrey Prep School for Arts and Sciences and Roger's Garden Elementary.
Affiliations
AffiliationYear
AFP (Association of Fundraising Professionals)
Arts and Cultural Alliance of Sarasota County
Economic Development Corporation of Manatee County
Economic Development Corporation of Sarasota County
Florida Public Relations Association
Greater Sarasota Chamber of Commerce
Manatee Chamber of Commerce
Southwest Florida Estate Planning Council
United Way Member Agency
Venice Area Chamber of Commerce
External Assessments and Accreditations
Assessment/AccreditationYear
Southern Association of Colleges and Schools2011
National Council for the Accreditation of Teacher Education - Accreditation1989
Awards & Recognition
Award/RecognitionOrganizationYear
MBA Students scored 91st percentileETS Major Field Test2012
Four students selectedNational Conference for Undergraduate Research2012
Dr. Marie Byrd-Blake named President-electFlorida Association of Teacher Educators (FATE)2012
Paper Published, R.R. ReichHealth Communications2012
Fulbright Research postgraduate grant, Michael JonesFulbright Scholar2012
Risk Management Provisions
Directors and Officers Policy
Employee Benefits Liability
Employment Practices Liability
Automobile Insurance
Workers Compensation and Employers' Liability
Commercial General Liability
Government Licenses
Organization Licensed by the Government No
Plans
Fundraising Plan No
Communication Plan No
Strategic Plan Yes
Strategic Plan Years 5
Strategic Plan Adopted Dec 2012
Management Succession Plan No
Policies and Procedures Yes
Continuity of Operations Plan Yes
Policies
Nondiscrimination Policy Yes
Whistle Blower Policy Yes
Document Destruction Policy Yes
Directors and Officers Insurance Policy No
Comments
Management Comments by Organization
Management Comments by Foundation
Board Chair
Board Chair Ms. Linda O. Simmons
Company Affiliation President/CEO, Simmons Management Services
Board Term July 2013 to June 2015
Board Chair Email lindasimmons@rrsimmons.com
Board Members
Board Members
NameAffiliation
Don A. Aripoli PhDMissouri State Univ. (Retired)
Peter Baronoff '80 Promise Health Care
Hon. Franklin N. Biggins '69 Magistrate Cout of Fulton County
Alan C. Bomstin Creative Contractors
Darryl M. Burman '80 Group 1 Automotive, Inc.
Shaukat H. Chowdhari MDUniversity Pain Management Center, PA
Cornelia G. Corbett Community Volunteer & Philanthropist
T.J. Couch '94, '05 University Commercial Center
Mark Fernandez Tampa Bay Rays Baseball, Ltd.
Jeffrey D. Fishman '92 Investors Title & Settlement Services
Judy L. Genshaft PhDUniversity of South Florida System
Gordon L. Gillette '81, '85 Tampa Electric/Peoples Gas
Herbert Gimelstob Gimelstob Enterprises, Inc.
Richard Gonzmart Columbia Restaurant Group
John C. Greer '72 Westshore Consulting
Dr. Arthur M. Guilford, PhD USF Sarasota-Manatee
Stephanie Holmquist-Johnson '81, '05, '14 Holmquist Educational Consultants
Oscar J. Horton Sun State International Trucks
Hon. Pam Iorio '01 Big Brothers Big Sisters of America
Tina P. Johnson '78, '80 Publix Super Markets
Brian P. Keenan '86 First National Bank of the Gulf Coast
Tod Leiweke Tampa Bay Lightning Sports & Entertainment
Ann Liguori '82 Ann Liguori Productions
John Long, '82 University of South Florida System
Linda D. Marcelli Lucky's Real Tomatoes
Bob McCann The Nielsen Company
Joel Momberg University of South Florida System
George Morgan, CPA '76 Health Care Executive (Retired)
Leslie M. Muma '66 Fiserv, Inc. (Retired)
Ray "Chip" Newton National Psoriasis Foundation
Betty Otter-Nickerson '76 Sun Dental Labs
Carole F. Philipson Florida Hospital-Carrollwood
Valerie Riddle '84' '89 Curran Partners, Inc.
Frank J. Rief IIIAkerman Senterfitt
Dr. Paul Sanberg PhD, DSCUSF Research Foundation
Nancy M. Schneid '79 Nancy Schneid, LLC Consulting
Linda O. Simmons '75 Simmons Management Services, Inc.
Geoffrey A. Simon '90 Simon Johnson Stanger Wealth Advisors
John T. Sinnott '71 MDUSF College of Medicine
Richard Smith '72 Christopher, Smith, Leonard, Bristow, Stanell & Wells, P.A.
Joe P. Teague Northwestern Mutual-Teague Financial Group
Karen Tillman-Gosselin USF Athletics Bulls Club
Charles F. Touchton The Touchton Group
David Touchton '65 USF Lakeland
Jose Valiente '73 Clifton Larson Allen, LLP
Monty Weigel '76 University of South Florida Alumni Association
Sophia Wieniewska PhDUSF St. Petersburg
Ralph C. Wilcox PhDUniversity of South Florida System
Student serving on the board through Community Youth Development? Yes
Board Demographics - Ethnicity
African American/Black 2
Asian American/Pacific Islander 1
Caucasian 41
Hispanic/Latino 5
Native American/American Indian 0
Other 0
Board Demographics - Gender
Male 33
Female 15
Unspecified
Governance
Board Term Lengths 3
Board Term Limits 3
Board Orientation Yes
Number of Full Board Meetings Annually 3
Board Meeting Attendance % 62
Board Self-Evaluation Yes
Written Board Selection Criteria Yes
Written Conflict of Interest Policy Yes
% of Board Making Monetary Contributions 100
% of Board Making In-Kind Contributions
Constituency Includes Client Representation
Standing Committees
Executive
Audit
Development / Fund Development / Fund Raising / Grant Writing / Major Gifts
Finance
Administration
Legislative
Investment
Board Development / Board Orientation
Nominating
Comments
Governance Comments by Organization

The USF Sarasota-Manatee Campus Board maintains oversight of the Sarasota campus budget only as outlined in the State University System.  We provide leadership in the creation and acceptance process for this budget.  Programming leadership comes from a large Community Leadership Council which is represented by a diverse group of individuals with a broad representation of professional backgrounds and expertise.  Each of the four Colleges at USF Sarasota Manatee charges separate advisory councils that help inform course offerings that mirror the changing needs of the community.
 It is important to note that some board members make contributions of service, particularly in giving of their time to the USF Foundation.

David Eckel serves as President and Broker/Owner of Wagner Realty and serves on the USFSM Campus Board.
 
Dr. Teresa Rawe is the medical director of the Emergency Department for Manatee Memorial Hospital at Lakewood Ranch Medical Center and serves on the USFSM Campus Board.
 
Byron E. Shinn is president and managing partner of Shinn & Company LLC.  Mr. Shinn is a member of the USF Board of Trustees and Chair of the USFSM Campus Board.
 
Richard Smith is the former managing partner of the Sarasota Office of Christopher, Smith, Leonard, Bristow & Stanell, P.A. and Vice Chair of The USFSM Campus Board.
 
Anne Weintraub is a real estate attorney and founder of Sarasota-based Anne Weintraub, P.A. and serves on the USFSM Campus Board.
Governance Comments by Foundation
Fiscal Year Projections
Fiscal Year Begins 2013
Fiscal Year Ends 2014
Projected Revenue $600,000.00
Projected Expenses $475,000.00
Endowment Value $7,145,000.00
Endowment Spending Policy Percentage
Endowment Spending Policy % 6
Capital Campaign
In a Capital Campaign Yes
Campaign Purpose An ambitious plan to enhance health care, science, technology, education, business, the arts and global partnerships.
Campaign Goal $21,250,000.00
Campaign Dates July 2006 to June 2016
Amount Raised To Date 15479307 as of June 2014
Capital Campaign Anticipated in Next 5 Years? Yes
Historical Financial Review
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201320122011
Foundation and
Corporation Contributions
$3,683,269$3,683,269$3,377,663
Government Contributions$0$66,703$2,420,530
Federal$0$0$0
State$0$0$0
Local$0$0$0
Unspecified$0$66,703$2,420,530
Individual Contributions$62,528,032$51,417,254$73,762,193
$0$0$0
$1,905,512$1,243,225$841,929
Investment Income, Net of Losses$24,543,626$21,695,515$3,264,674
Membership Dues$44,217$0$0
Special Events$882,691$934,073$552,405
Revenue In-Kind$29,620,748$28,020,194$41,383,402
Other$277,415$888,093$1,564,735
Expense Allocation
Fiscal Year201320122011
Program Expense$71,546,909$67,855,487$95,002,057
Administration Expense$6,552,396$6,362,772$5,700,825
Fundraising Expense$2,975,396$3,638,010$3,364,850
Payments to Affiliates$0$0$0
Total Revenue/Total Expenses1.161.030.82
Program Expense/Total Expenses88%87%91%
Fundraising Expense/Contributed Revenue4%6%4%
Assets and Liabilities
Fiscal Year201320122011
Total Assets$531,448,953$494,819,223$519,264,683
Current Assets$526,019,912$122,373,258$503,094,809
Long-Term Liabilities$0$0$725,628
Current Liabilities$30,934,084$33,573,013$45,319,673
Total Net Assets$500,514,869$461,246,210$473,219,382
Top Funding Sources
Fiscal Year201320122011
Top Funding Source & Dollar AmountContributions, gifts, grants $62,528,032Contributions, gifts, grants $51,417,254Contributions, gifts, grants $73,762,193
Second Highest Funding Source & Dollar AmountInvestment Income $24,543,626Investment income $21,695,515Related organizations $3,377,663
Third Highest Funding Source & Dollar AmountRelated Organizations $3,683,269Related Organization Support $3,683,269Investment income $3,264,674
CEO/Executive Director Compensation $200,001 - Plus
Co-CEO/Executive Director Compensation $200,001 - Plus
Tax Credits No
Solvency
Short Term Solvency
Fiscal Year201320122011
Current Ratio: Current Assets/Current Liabilities17.003.6411.10
Long Term Solvency
Fiscal Year201320122011
Long-Term Liabilities/Total Assets0%0%0%
Financials Comments
Financial Comments by Organization The USF Sarasota-Manatee Campus Board maintains oversight of the Sarasota campus budget only as outlined in the State University System.  We provide leadership in the creation and acceptance process for this budget.  Programming leadership comes from a large Community Leadership Council which is represented by a diverse group of individuals with a broad representation of professional backgrounds and expertise.  Each of the four Colleges at USF Sarasota-Manatee charges separate advisory councils that help inform course offerings that mirror the changing needs of the community.  With these three working structures I feel, as the Board Chair,  that we have great community impact in this public higher education institution and allow for true and meaningful engagement from each of the these volunteer groups.
Financial Comments by Foundation Related organization support is reflected in Foundations/Corporations revenue.  Financial figures were taken from the IRS Form 990s.  The Federal tax returns and audited financial statements reconcile.
Nonprofit USF-University of South Florida Foundation, Inc.
Address 4202 E. Fowler Avenue
Tampa, FL 33620
Primary Phone 941 359-4582

THE COMMUNITY FOUNDATION OF SARASOTA COUNTY, INC. IS A REGISTERED 501(C)(3) NON-PROFIT CORPORATION. A COPY OF THE OFFICIAL REGISTRATION AND FINANCIAL INFORMATION MAY BE OBTAINED FROM THE DIVISION OF CONSUMER SERVICES BY CALLING TOLL-FREE WITHIN THE STATE (1-800-HELP-FLA) OR FROM THE WEBSITE: WWW.FRESHFROMFLORIDA.COM. REGISTRATION DOES NOT IMPLY ENDORSEMENT, APPROVAL, OR RECOMMENDATION BY THE STATE. ONE HUNDRED PERCENT (100%) OF EACH CONTRIBUTION IS RECEIVED BY THE COMMUNITY FOUNDATION OF SARASOTA COUNTY. REGISTRATION #SC-02471.