2024-05-14T16:33:24-05:00 2023-06-30 440160260 FORVIS LLP 901 EAST CARY STREET SUITE 1000 RICHMOND VA 23219 990 2022-07-01 237079011 WILLIAM & MARY BUSINESS SCHOOL FOUNDATION WILL 7572212294 PO BOX 2220 WILLIAMSBURG VA 23187 BARRY SHARP TREASURER 7572212294 2024-05-14 1 BARRY SHARP XXX-XX-XXXX 1 LAKRISHA J CASTLEBERRY P01677333 8042827636 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BARRY SHARP PO BOX 2220 WILLIAMSBURG VA 23187 11979324 0 X N/A X 1972 VA PROVIDE SUPPORT FOR PUBLIC INSTITUTION OF HIGHER EDUCATION. 28 28 0 28 0 0 19817577 7655012 0 0 6130897 1439747 1299 0 25949773 9094759 1408235 1182797 0 0 3228580 2742884 0 0 1687710 2103903 2016310 6740718 5941991 19209055 3152768 101508365 110015479 300873 197407 101207492 109818072 TO PROVIDE SUPPORT FOR THE EXPANSION AND THE IMPROVEMENT OF PUBLIC INSTITUTIONS OF HIGHER LEARNING; SPECIFICALLY FOR THE WILLIAM & MARY RAYMOND A. MASON SCHOOL OF BUSINESS. 0 0 2690898 1182797 WILLIAM & MARY RAYMOND A MASON SCHOOL OF BUSINESS - SUPPORT WAS PROVIDED TO PUBLIC INSTITUTION OF HIGHER LEARNING. FUNDING SUPPORTED THE DEGREE GRANTING ACADEMIC PROGRAMS; STUDENT RESEARCH AND SCHOLARSHIPS; AND OTHER MATERIAL EDUCATIONAL SUPPORT. 492875 WILLIAM & MARY RAYMOND A MASON SCHOOL OF BUSINESS - ACADEMIC STUDENT CENTERS THE BOEHLY CENTER PREPARES STUDENTS FOR CAREERS IN FINANCE BY PROVIDING OPPORTUNITIES FOR ADVANCE FINANCIAL TRAINING, CAREER EXPLORATION, NETWORKING AND EXPERIENTIAL LEARNING. THE ALAN B MILLER ENTREPRENEURSHIP CENTER EDUCATES, INSPIRES AND SUPPORTS STUDENTS IN DEVELOPING SKILLS AND THE MINDSET OF AN ENTREPRENEUR. 26143 WILLIAM & MARY RAYMOND A. MASON SCHOOL OF BUSINESS CHAMPIONS INITIATIVES THAT ARE BOTH DIVERSE, EQUITABLE AND INCLUSIVE FOR STUDENTS, FACULTY, STAFF, ADMINISTRATORS AND PARTNER ORGANIZATIONS. FUNDING SUPPORTED ACADEMIC PROGRAM COURSES DEVELOPMENT AND EXECUTION. FUNDING ALSO SUPPORTED SPECIAL UNIVERSITY WIDE AND RAYMOND A. MASON SCHOOL OF BUSINESS TRAINING AND PROGRAMS FOR FACULTY, STAFF AND STUDENTS. 3209916 1 1 0 0 0 0 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY NC NM NJ NH NV NE MT MO MS MN MI MA MD ME ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY LA NY X THE ORGANIZATION 7572212294 PO BOX 2220 WILLIAMSBURG VA 23187 X PAUL C SAVILLE CHAIR 1.00 X X 0 0 0 RAYMOND MASON VICE CHAIR 1.00 X X 0 0 0 CYNTHIA H DAVIS SECRETARY 1.00 X X 0 0 0 BARRY J SHARP TREASURER 1.00 X X 0 0 0 KARIM H K AHAMED TRUSTEE 1.00 X 0 0 0 DAVID H BAGGS TRUSTEE 1.00 X 0 0 0 NICOLAS BOEL TRUSTEE 1.00 X 0 0 0 SHAWN BOYER TRUSTEE 1.00 X 0 0 0 LEONARD BROOKS III TRUSTEE 1.00 X 0 0 0 DAVID BURG TRUSTEE 1.00 X 0 0 0 J EDWARD COLEMAN TRUSTEE 1.00 X 0 0 0 LEE CROLL TRUSTEE 1.00 X 0 0 0 ALICE DAVISON TRUSTEE 1.00 X 0 0 0 JULIE DOBSON TRUSTEE 1.00 X 0 0 0 COLLEEN CRUMMOND TRUSTEE 1.00 X 0 0 0 RICHARD FISHER TRUSTEE 1.00 X 0 0 0 MELINDA HANCOCK TRUSTEE 1.00 X 0 0 0 JOHN HYMAN TRUSTEE 1.00 X 0 0 0 RICHARD C KRAEMER JR TRUSTEE 1.00 X 0 0 0 MICHAEL MATACUNAS TRUSTEE 1.00 X 0 0 0 MOLLY PIERONI TRUSTEE 1.00 X 0 0 0 JEFFREY F ROGATZ TRUSTEE 1.00 X 0 0 0 THADDEUS R SHELLY III TRUSTEE 1.00 X 0 0 0 MATTHEW B SIANO TRUSTEE 1.00 X 0 0 0 ALLISON SPIVEY TRUSTEE 1.00 X 0 0 0 G MICHAEL STAKIAS TRUSTEE 1.00 X 0 0 0 EDWARD T TOKAR TRUSTEE 1.00 X 0 0 0 EDWIN VAN DER VOORT TRUSTEE 1.00 X 0 0 0 KIMBERLY SPERLING CEO 40.00 X 110812 0 35260 SUSAN C RUCKER CFO 10.00 X 101938 0 0 CARLA R KING-JOHNSON ASSISTANT TREASURER 40.00 X 88687 0 23915 KELLIE MINER-FRAZIER ASSISTANT SECRETARY 40.00 X 74918 0 34605 376355 0 93780 2 0 0 0 PROSPECTIVE INSIGHTS LLCSUSAN C RUCKER 12420 SOUTHBRIDGE DRIVE MIDLOTHIAN VA 23113 CFO SERVICES 101938 1 7655012 3318845 7655012 1596629 1596629 2727683 2884565 -156882 -156882 -156882 9094759 0 0 1439747 1182797 1182797 432922 323480 109442 1769075 1131672 637403 186774 62402 26374 97998 233673 65296 26965 141412 120440 61010 12594 46836 16785 16785 55441 52606 2835 306108 306108 150363 141366 8997 24034 21244 2790 92983 7554 54129 31300 247802 119680 106038 22084 28320 28320 96275 96275 939924 413906 35680 490338 21514 21514 BUSINESS MEALS 19881 2989 16892 MEMBERSHIP FEES 16880 16880 5941991 3209916 1044365 1687710 1633974 496116 9214518 10731941 4137729 2561006 92532 110363 10738 13145 27448761 36085160 57552225 58648340 1417888 1369408 101508365 110015479 290518 187052 10355 10355 300873 197407 X 2896442 3288125 98311050 106529947 101207492 109818072 101508365 110015479 X 3152768 5508695 -50883 X X 0 1 X 1 0 X 5328159 7610531 5366053 8502627 7655012 34462382 5328159 7610531 5366053 8502627 7655012 34462382 6823990 27638392 775425 883355 701748 1132604 1596629 5089761 1299 1299 39553442 1249169 0.69880 0.59690 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2021 AMOUNT: $ 1,299. SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: CASH, STOCK DATE: 03/30/22 AMOUNT: 11314950. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 88347734 4718747 6500238 2240747 675000 96650972 79070611 16228074 -5255357 1695594 88347734 53026406 10126043 17656533 1738371 79070611 51590169 2945755 -289633 1219885 53026406 44807892 5331348 2570611 1119682 51590169 0.08700 0.86800 0.04500 0 0 0 1693 PARTNERS FUND 58648340 F 58648340 X 14246463 5508695 -50883 5457812 8788651 306108 306108 9094759 5635883 0 5635883 306108 306108 5941991 PART III, LINE 1A: COLLECTION ITEMS ACQUIRED THROUGH PURCHASE OR DONATION ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IF PURCHASED WITH UNRESTRICTED ASSETS AND AS DECREASES IN TEMPORARILY RESTRICTED NET ASSETS IF PURCHASED WITH DONOR-RESTRICTED ASSETS. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECOGNIZED IN THE STATEMENT OF ACTIVITIES. THE COLLECTIONS CURRENTLY CONSIST OF WORKS OF ART AND ARE DISPLAYED ON SITE. PART V, LINE 4: TO SUPPORT A PUBLIC INSTITUTION OF HIGHER EDUCATION, WILLIAM & MARY RAYMOND A. MASON SCHOOL OF BUSINESS, IN ACCORDANCE WITH THE INTENT OF THE DONORS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE TAX STATUTES OF THE COMMONWEALTH OF VIRGINIA. HOWEVER, INCOME FROM CERTAIN INVESTMENTS IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES AS THERE IS NO ESTIMATED TAX DUE AS OF JUNE 30, 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF TRUST AGREEMENT -50,883. 1 WILLIAM AND MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 IRC SECTION 115 1175296 0 STUDENT SCHOLARSHIPS WILLIAM AND MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 IRC SECTION 115 7501 0 PARKING SERVICES; FACILITIES CHARGES AND MILLER HALL 3RD FLOOR BUILDOUT 1 PART I, LINE 2: THE USE AND AMOUNTS OF THE GRANTS AND SCHOLARSHIPS ARE DETERMINED BY THE FUND DONOR AND THE ENDOWMENT INCOME BUDGET WHEN APPLICABLE. WILLIAM & MARY ADMINISTERS THE SCHOLARSHIPS AND MAKES THE SELECTIONS ACCORDING TO THE DONOR'S CRITERIA. THE FOUNDATION THEN REIMBURSES WILLIAM & MARY. WILLIAM & MARY IS AUDITED BY THE COMMONWEALTH OF VIRGINIA'S AUDITOR OF PUBLIC ACCOUNTS. X 45 3318845 FAIR VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FIRST REVIEW OF THE 990 IS BY THE CONTROLLER. THE SECOND REVIEW IS BY THE FOUNDATION'S TREASURER. FORM 990, PART VI, SECTION B, LINE 12C THE WILLIAM & MARY BUSINESS SCHOOL FOUNDATION'S CONFLICT OF INTEREST DOCUMENT IS REVIEWED AND SIGNED BY EACH TRUSTEE YEARLY. FORM 990, PART VI, SECTION B, LINE 15 THE OFFICERS AND EMPLOYEES OF THE ORGANIZATION ARE PAID VIA WILLIAM & MARY/STATE OF VIRGINIA. THE FOUNDATION ADHERES TO THE COMPENSATION PRACTICES OF THE STATE OF VIRGINIA AND IT REIMBURSES WILLIAM & MARY/STATE OF VIRGINIA FOR ITS PAYROLL. THE PROCESS WAS LAST UNDERTAKEN FOR EACH PERSON IN THE PRIOR YEAR. THE NON-VOTING CHIEF FINANCIAL OFFICER OF THE ORGANIZATION IS AN INDEPENDENT CONTRACTOR AND A 1099 NEC IS FILED BY THE ORGANIZATION AT THE END OF THE CALENDAR YEAR. FORM 990, PART VI, SECTION C, LINE 19 COPIES ARE PROVIDED UPON REQUEST AND FOR INSPECTION AT THE OFFICE OF THE ORGANIZATION. FORM 990, PART VII, SECTION A: THE CEO, ASSISTANT TREASURER, AND ASSISTANT SECRETARY ARE PAID BY WILLIAM & MARY, AN UNRELATED ORGANIZATION, AND THE FOUNDATION REIMBURSES WILLIAM & MARY FOR THEIR SALARY AND BENEFITS. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF TRUST AGREEMENT -50,883. FORM 990, PART XII, LINE 2C: THE BOARD ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. FORM 990, PART V, LINE 2A: THE FOUNDATION EMPLOYEES ARE PAID BY WILLIAM & MARY, AN UNRELATED ORGANIZATION, AND THE FOUNDATION REIMBURSES WILLIAM & MARY FOR THE SALARIES.