THE FLORIDA STATE UNIVERSITY FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

THE FLORIDA STATE UNIVERSITY FOUNDATION INC

EIN 59-6152180 · Education (B114)

What they do

THE FLORIDA STATE UNIVERSITY FOUNDATION ENHANCES THE ACADEMIC MISSION and VISION of FLORIDA STATE UNIVERSITY THROUGH ITS ORGANIZED FUNDRAISING ACTIVITIES and FUNDS MANAGEMENT. THE FSU FOUNDATION ACCOMPLISHES ITS MISSION BY FOSTERING RELATIONSHIPS WITH ALUMNI and FRIENDS, ADVOCATING CHARITABLE GIVING and RAISING FUNDS ON BEHALF of FSU, SOLICITING CONTRIBUTIONS for ACADEMIC PURPOSES AS PART of FSUS OVERALL ADVANCEMENT EFFORT, INVESTING and EXPENDING FUNDS to MEET CURRENT and FUTURE NEEDS of FSU, and STRENGTHENING RELATIONSHIPS WITH DONORS to FSU.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $63.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders44 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

44.52%of revenue went to mission work63.0% of expenses · Program services

3.21%of revenue went to fundraising4.5% of expenses

$70.68spent for every $100 of revenueRevenue covered expenses this year.

22.95%of revenue went to management and office costs32.5% of expenses

$13.25in assets for every $1 spent this yearSome assets cannot be spent right away.

48.5%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $136,117 for RICHARD D MCCULLOUGH (TRUSTEE/EX OFFICIO VOTING, FSU PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$123,882,201

Mission workProgram services$55,153,46744.52% of revenue63.0% of expenses

ManagementOffice and general costs$28,435,42422.95% of revenue32.5% of expenses

FundraisingAsking for donations$3,973,9433.21% of revenue4.5% of expenses

Revenue left after expensesReported annual surplus$36,319,36729.32% of revenueShown in gray on the chart

Total expenses$87,562,83470.68% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 63.0% mission · 32.5% management · 4.5% fundraisingTotal expenses: 70.68% of revenue

2023Expense mix: 72.1% mission · 22.4% management · 5.5% fundraisingTotal expenses: 94.51% of revenue

2022Expense mix: 58.0% mission · 28.3% management · 13.7% fundraisingTotal expenses: 79.33% of revenue

2021Expense mix: 51.8% mission · 36.6% management · 11.6% fundraisingTotal expenses: 60.98% of revenue

2020Expense mix: 49.1% mission · 37.8% management · 13.1% fundraisingTotal expenses: 71.34% of revenue

2019Expense mix: 65.4% mission · 20.8% management · 13.8% fundraisingTotal expenses: 119.06% of revenue

2018Expense mix: 66.7% mission · 19.5% management · 13.8% fundraisingTotal expenses: 88.03% of revenue

2017Expense mix: 73.1% mission · 10.6% management · 16.3% fundraisingTotal expenses: 93.48% of revenue

Money in and money out

Revenue$123,882,201

Expenses$87,562,834

Annual surplus $36,319,367 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$55,153,467 · 63.0% of expenses

Management and office costs$28,435,424 · 32.5% of expenses

Fundraising$3,973,943 · 4.5% of expenses

See all reported dollar amounts

Revenue$123,882,201

Expenses$87,562,834

Assets$1,159,850,643

Income$225,992,574

Contributions$60,137,706

Mission work (program services)$55,153,467

Fundraising$3,973,943

Grants given$286,410,051

Average grant$9,876,209

Management and general$28,435,424

Executive compensation (total)$685,435

Stocks and bonds$106,216,789

Accounting fees$273,093

Investing fees$20,466,713

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

RICHARD D MCCULLOUGHTRUSTEE/EX OFFICIO VOTING, FSU PRESIDENT · 1 hrs/week $136,117Base · Other $136,117

JOHN CARRIGANCFO/ASSISTANT TREASURER · 38 hrs/week $87,921Base · Other $87,921

SUSAN GLENNASSOCIATE VP OF ADVANCEMENT, COLLEGES, SCHOOLS AND · 40 hrs/week $63,260Base · Other $63,260

SAM W HUCKABATRUSTEE/EX OFFICIO VOTING, PROVOST-APPOINTED DEAN · 1 hrs/week $62,709Base · Other $62,709

MICHAEL HARTLINEFORMER INTERIM FOUNDATION PRESIDENT $46,997Base · Other $46,997

MARLA A VICKERSVP FOR UNIVERSITY ADVANCEMENT & FOUNDATION PRESIDE · 10 hrs/week $44,994Base · Other $44,994

JAMES A MCNEILLSR. DIRECTOR OF DEVELOPMENT, COLLEGE OF MEDICINE · 40 hrs/week $43,434Base · Other $43,434

STEVEN MARK TERMANSR. DIRECTOR OF DEVELOPMENT, THE JOHN AND MABLE RI · 40 hrs/week $38,953Base · Other $38,953

CAROLINE L POOLEASSISTANT SECRETARY (PARTIAL YEAR) · 40 hrs/week $38,926Base · Other $38,926

NANCY B SMILOWITZSR. DIRECTOR OF DEVELOPMENT, COLLEGE OF ARTS & SCI · 40 hrs/week $28,482Base · Other $28,482

ROXANNE M HUGHESTRUSTEE/EX OFFICIO VOTING, FACULTY SENATE PRESIDEN · 1 hrs/week $27,714Base · Other $27,714

BRIDGETT Y BIRMINGHAMTRUSTEE/EX OFFICIO VOTING, FACULTY SENATE PRESIDEN · 1 hrs/week $25,634Base · Other $25,634

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (44)

RICHARD D MCCULLOUGHTRUSTEE/EX OFFICIO VOTING, FSU PRESIDENT

JOHN CARRIGANCFO/ASSISTANT TREASURER

SUSAN GLENNASSOCIATE VP OF ADVANCEMENT, COLLEGES, SCHOOLS AND

SAM W HUCKABATRUSTEE/EX OFFICIO VOTING, PROVOST-APPOINTED DEAN

MICHAEL HARTLINEFORMER INTERIM FOUNDATION PRESIDENT

MARLA A VICKERSVP FOR UNIVERSITY ADVANCEMENT & FOUNDATION PRESIDE

JAMES A MCNEILLSR. DIRECTOR OF DEVELOPMENT, COLLEGE OF MEDICINE

STEVEN MARK TERMANSR. DIRECTOR OF DEVELOPMENT, THE JOHN AND MABLE RI

CAROLINE L POOLEASSISTANT SECRETARY (PARTIAL YEAR)

NANCY B SMILOWITZSR. DIRECTOR OF DEVELOPMENT, COLLEGE OF ARTS & SCI

ROXANNE M HUGHESTRUSTEE/EX OFFICIO VOTING, FACULTY SENATE PRESIDEN

BRIDGETT Y BIRMINGHAMTRUSTEE/EX OFFICIO VOTING, FACULTY SENATE PRESIDEN

REBECCA EVE FULLMERASSOCIATE VP OF ADVANCEMENT OPERATIONS

ROBERT A JOHNSONTRUSTEE

LANCE A BARTONTRUSTEE

MART P HILLTRUSTEE (PARTIAL YEAR)

YVONNE T BROWNTRUSTEE/SECRETARY (PARTIAL YEAR)

RALPH R GONZALEZTRUSTEE

YASAMIN KHOSHTRUSTEE/EX OFFICIO VOTING, CHAIR, STUDENT FOUNDATI

WILLIAM T HOLDTRUSTEE/EX OFFICIO VOTING, PRESIDENTIAL APPOINTEE

SCOTT G PRICETRUSTEE/CHAIR, ADVANCEMENT AND DONOR ENGAGEMENT

URIELLE J LAURENTTRUSTEE/EX OFFICIO VOTING, CHAIR, STUDENT FOUNDATI

THOMAS BARTELMOTRUSTEE/CHAIR, FINANCE COMMITTEE/TREASURER

TIMOTHY S GUNNINGTRUSTEE

INEZ E COHENTRUSTEE

ANDREA K FRIALLTRUSTEE

ASHBEL C WILLIAMSTRUSTEE/CHAIR, INVESTMENT COMMITTEE

BRIAN K WILLIAMSTRUSTEE/EX OFFICIO VOTING, UBOT DESIGNEE

BRUCE W MCNEILAGETRUSTEE

CATHERINE M JOHNSONTRUSTEE

CHARLES R COTTRELLTRUSTEE

CHRISTOPHER E IANSITITRUSTEE/CHAIR/CHAIR, EXECUTIVE COMMITTEE

FRED M TRESCATRUSTEE

HENRI W CROCKETTTRUSTEE (PARTIAL YEAR)

MARILYN J YOUNGTRUSTEE

JAMES L LEETRUSTEE

JAY B JOHNSONTRUSTEE

JAY F STEELETRUSTEE/CHAIR, AUDIT COMMITTEE

JOHN W THIELTRUSTEE/EX OFFICIO VOTING, UBOT ADVANCEMENT COMMIT

JUDITH HAYDENTRUSTEE

KRISTIAN DENNYTRUSTEE

KYLE D RIVATRUSTEE

AGNES F STOOPSTRUSTEE

LEE F HINKLETRUSTEE

About this charity

Recognized since: January 1963
Location: 325 W COLLEGE AVE, TALLAHASSEE, FL 32301-1403
County: Leon
In care of: JOHN F CARRIGAN
Primary officer: JOHN F CARRIGAN, CFO/ASSISTANT TREASURER

How to reach them

WebsiteVisit the charity’s website Phone(850) 644-6000

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CROWE LLP
NTEE classification: Education (B114)
IRS tax category: Other Grantmaking and Giving Services
Grant-giving organization: Yes