2024-05-14T15:40:59-04:00 2023-06-30 593650621 LEFILS & COMPANY LLC 161 E ROSE AVENUE ORANGE CITY FL 327635910 990 2022-07-01 237138942 STETSON BUSINESS SCHOOL FOUNDATION STET 3868227422 CAMPUS BOX 8398 DELAND FL 32723 GEORGE SHIERLING PRESIDENT 3868220701 2024-05-13 true GEORGE SHIERLING 999009999 false BERNARD J LEFILS CPA P01653101 3867756989 2024-05-14 2022 2023-04-26 12:10:37Z GEORGE SHIERLING 3470 TRAIL IN THE PINES DELAND FL 32724 3405298 false X X 1972 FL SUPPORT STETSON UNIVERSITY SCHOOL OF BUSINESS ADMINISTRATION FACULTY, STUDENTS AND PROGRAMS. 22 22 0 0 231494 157485 0 230934 -52464 0 462428 105021 114505 197192 0 0 0 0 39772 90904 154277 288096 308151 -183075 2848564 2843391 0 2848564 2843391 SUPPORT STETSON UNIVERSITY SCHOOL OF BUSINESS ADMINISTRATION FACULTY, STUDENTS AND PROGRAMS. false false 217373 189192 PROMOTE AND SUPPORT STETSON UNIVERSITY SCHOOL OF BUSINESS ADMINISTRATION STUDENT SCHOLARSHIPS, AWARDS AND GRANTS. 15086 8000 STETSON UNIVERSITY SCHOOL OF BUSINESS ADMINISTRATION FACULTY AWARDS AND PAYMENT OF FACULTY TRAVEL EXPENSES FOR SEMINARS AND CONFERENCES. 232459 true false false false false false false false false true false false false false false false false false false false false false false false false false false true true false false false false false false false false false false false false false false false false false false true 8 0 true 0 false false false false false false false false false false false false false false X 22 22 false false false false false false false true true false false false false false false false false false X BRENDA MCWHORTER 3868227957 345 N WOODLAND BLVD DELAND FL 32720 X GEORGE SHIERLING PRESIDENT 1.00 X X 0 0 0 SIDNEY TAYLOR VICE PRESIDE 0.50 X X 0 0 0 MICHAEL BITTER SECRETARY/TR 1.00 X X 0 0 0 BRITTANY GLOERSEN ASST TREASUR 0.50 X X 0 0 0 DEREK MEARS DIRECTOR X 0 0 0 CAYCE BALARA DIRECTOR X 0 0 0 PAUL E DASCHER DIRECTOR X 0 0 0 F ROBERT HUTH DIRECTOR X 0 0 0 CORY PETCOFF DIRECTOR X 0 0 0 FRED LANE DIRECTOR X 0 0 0 JIM JOHNSON DIRECTOR X 0 0 0 GREGORY D LEE DIRECTOR X 0 0 0 JOHN MCCULLOUGH DIRECTOR X 0 0 0 YIORGOS BAKAMITSAS DIRECTOR X 0 0 0 CORY RHOADS DIRECTOR X 0 0 0 EDWIN P B SANDERS DIRECTOR X 0 0 0 JUDSON STRYKER DIRECTOR X 0 0 0 THOMAS J UNDERWOOD DIRECTOR X 0 0 0 DONNA DE PEYSTER DIRECTOR X 0 0 0 RUSSELL KELTON DIRECTOR X 0 0 0 JEFF MARGHEIM DIRECTOR X 0 0 0 CAROLYN NICHOLSON DIRECTOR X 0 0 0 false false false 157485 157485 76051 76051 3171762 3300277 -128515 -128515 -128515 105021 -128515 76051 146739 146739 50453 50453 2870 2870 7610 7610 4142 4142 925 925 MISCELLANEOUS EXPENSES 40087 40087 PLAQUES TO HONOR 22780 22780 FACULTY APPR. DINNER 7086 7086 STUDENT HONOR BANQUET 5401 5401 3 3 288096 232459 55637 0 40338 5259 121789 22756 2686437 2815376 2848564 2843391 0 0 X 2848564 2843391 2848564 2843391 2848564 2843391 -183075 177902 X false false X X X 1 STETSON UNIVERSITY SCHOOL OF BUSINESS ADMINISTRATION STETSON UNIVERSITY SCHOOL OF BUSINESS 590624416 2 true 146739 0 1 146739 0 true false false false false false false false false false false false false false false true false true 0 0 142440 142440 0 0 14811 127629 2544492 149997 0 2694489 0 0 2694489 40417 2654072 92893 0 92893 127629 108485 92893 108485 0 108485 146739 0 0 0 0 50453 197192 0 108485 0.000000000000 108485 0 0 62269 147531 132345 127136 469281 0 108485 0 360796 197192 0 197192 0 0 557988 0 101315 132345 127136 197192 PART IV, SECTION D, LINE 2 AS OF FISCAL YEAR ENDED JUNE 30, 2021 THE UNIVERSITY'S CFO, RECOMMENDED BY THE PRESIDENT OF THE UNIVERSITY, WAS ELECTED A BOARD MEMBER OF THE FOUNDATION. ADDITIONALLY, SOME OF THE FOUNDATION DIRECTORS ARE ON THE ACCOUNTING BOARD OF ADVISERS TO STETSON UNIVERSITY AND THE FAMILY ENTERPRISE CENTER BOARD OF STETSON UNIVERSITY. THE FOUNDATION ALSO CURRENTLY HAS TWO STETSON SCHOOL OF BUSINESS ADMINISTRATION FACULTY MEMBERS ON ITS BOARD, INCLUDING THE DEAN OF THE STETSON SCHOOL OF BUSINESS ADMINISTRATION. IN ADDITION TO THE CURRENT FACULTY TWO RETIRED STETSON SCHOOL OF BUSINESS ADMINISTRATION FACULTY MEMBERS SERVE ON THE FOUNDATION BOARD. ONE OF THE FOUNDATION BOARD MEMBERS HAS PREVIOUSLY SERVED AS VICE PRESIDENT OF FINANCE FOR THE UNIVERSITY AND ONE HAS PREVIOUSLY SERVED AS DEAN OF THE SCHOOL. THE BYLAWS HAVE BEEN AMENDED TO INCLUDE ARTICLE IV, DIRECTORS, "THAT AN OFFICER, TRUSTEE, OR DIRECTOR OF STETSON UNIVERSITY WILL BE ONE OF THE DIRECTORS OF THE BUSINESS SCHOOL FOUNDATION TO BE RECOMMENDED BY THE PRESIDENT OF STETSON UNIVERSITY AND VOTED ON BY THE BOARD OF DIRECTORS. IN THE EVENT THIS INDIVIDUAL IS NOT SELECTED, THE STANDING BOARD OF DIRECTORS SHALL REQUEST THAT THE PRESIDENT OF STETSON UNIVERSITY PROVIDE AN ALTERNATE AND THE PROCESS SHALL CONTINUE UNTIL A NOMINEE IS SELECTED." PART IV, SECTION D, LINE 3 THE STETSON BUSINESS SCHOOL FOUNDATION SETS THE GENERAL GUIDELINES FOR THE INVESTMENTS BUT TRUIST BANK AS INVESTMENT MANAGER MAKES THE ACTUAL INVESTMENT DECISIONS. CURRENTLY THE TREASURER OF THE FOUNDATION IS A FACULTY PROFESSOR WITH THE AUTHORITY TO APPROVE GRANTS TO FACULTY AND STUDENTS AND DISTRIBUTE SCHOLARSHIP FUNDS TO THE UNIVERSITY. REQUESTS FOR FACULTY RESEARCH AND TRAVEL SUPPORT AND STUDENT SUPPORT ARE FIRST APPROVED BY THE DEAN OF THE SCHOOL OF BUSINESS ADMINISTRATION OR HIS DESIGNEE. STUDENT SCHOLARSHIP RECIPIENTS ARE RECOMMENDED BY THE STETSON UNIVERSITY SCHOOL OF BUSINESS ADMINISTRATION FACULTY AND/OR THE STETSON UNIVERSITY OFFICE OF FINANCIAL PLANNING. PART V, SECTION D, LINE 6 DURING THE YEAR ENDED JUNE 30, 2023 THE ORGANIZATION MADE PAYMENTS TOTALING 50,453 TO OR FOR THE USE OF MEMBERS OF THE CHARITABLE CLASS BENEFITED BY THE UNIVERSITY WHICH WAS COMPRISED OF THE FOLLOWING: - FACULTY AWARDS TO UNIVERSITY FACULTY MEMBERS, - SCHOLARSHIPS/STIPENDS AWARDED TO UNIVERSITY STUDENTS TO WORK ON AN ACADEMIC RESEARCH PROJECT WITH A UNIVERSITY FACULTY MEMBER, - STETSON HONORS BANQUET - MERIT SCHOLARSHIPS AND AWARDS, - STETSON BUSINESS SCHOOL FACULTY AND STAFF APPRECIATION DINNER PART V, SECTION D, LINE 8 THE ORGANIZATION IS RESPONSIVE TO THE UNIVERSITY, AND THE UNIVERSITY IS ATTENTIVE TO THE ORGANIZATION, THE ORGANIZATIONS SOLE SUPPORTED ORGANIZATION IS THE UNIVERSITY. ADDITIONALLY, THE ORGANIZATION AND THE UNIVERSITY HAVE HAD LONG-TIME RELATIONS. SINCE ITS INCEPTION IN 1972, THE ORGANIZATION HAS MAINTAINED, AND CONTINUES TO MAINTAIN, A CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH THE UNIVERSITY'S SCHOOL OF BUSINESS ADMINISTRATION. AS DESCRIBED PREVIOUSLY, AT A MINIMUM, THE DEAN, TWO FACULTY MEMBERS, AND TWO ALUMNI ARE PART OF THE BOARD. ADDITIONALLY, THE UNIVERSITY'S PRESIDENT NOMINATES A MEMBER OF THE ORGANIZATIONS BOARD. FURTHER, SINCE ITS INCEPTION, THE ORGANIZATION HAS ONLY MADE DISTRIBUTIONS TO OR ON BEHALF OF THE SCHOOL, AND TO OR ON BEHALF OF MEMBERS OF THE CHARITABLE CLASS BENEFITED BY THE SCHOOL. THE ORGANIZATION IS LISTED A SOURCE OF SCHOLARSHIPS ON THE UNIVERSITY'S WEBSITE AND PRINTED LITERATURE. 1264563 66902 44101 53850 781 1320935 1061239 156517 67036 14000 6229 1264563 489603 546628 43901 15300 3593 1061239 330860 178106 -903 16440 2019 489603 333365 3100 9540 13500 1645 330860 0.99000 0.01000 false false SCHEDULE D, PAGE 2, PART V, LINE 4 IN PREVIOUS YEARS, THE FOUNDATION RECEIVED A DISTRIBUTION FROM THE GEORGE PUTNAM ESTATE. THE FOUNDATION RECEIVED A DISTRIBUTION FROM THE MARIE PUTNAM ESTATE WHEN SHE PASSED MORE RECENTLY. THE FUNDS FROM BOTH ESTATE DISTRIBUTIONS WERE COMBINED AND ARE MANAGED AS ONE INVESTMENT ACCOUNT WITH TRUIST BANK. THE FOUNDATION DRAWS 4.25% PER YEAR FROM THIS ENDOWMENT TO PROVIDE FOR THE GEORGE AND MARIE PUTNAM MEMORIAL ACCOUNTING SCHOLARSHIPS. RECENTLY THE FOUNDATION ALSO RECEIVED DISTRIBUTIONS FROM THE JAMES MAURY ESTATE WHICH ARE MANAGED BY TRUIST BANK AS ONE INVESTMENT. THE FOUNDATION WILL DRAW 5.00% PER YEAR FROM THIS ACCOUNT TO PROVIDE FOR STUDENT SCHOLARSHIPS. ON JUNE 11, 2021, THE FOUNDATION TRANSFERRED THE ACCUMULATED DONATIONS IN THE PAUL DASHER OPERATING ACCOUNT TO A SEPARATE INVESTMENT ACCOUNT WITH TRUIST BANK. ANY DONATIONS RECEIVED FOR THE PAUL DASHER SCHOLARSHIPS ARE EARMARKED FOR SUCH A PURPOSE, DEPOSITED INTO THE OPERATING ACCOUNT AND SUBSEQUENTLY TRANSFERRED TO THE PAUL DASHER INVESTMENT ACCOUNT WITH TRUIST BANK. THE FOUNDATION WILL DRAW 4.25% PER YEAR TO PROVIDE FOR STUDENT SCHOLARSHIPS. false STETSON UNIVERSITY 421 N WOODLAND BLVD DELAND FL 32723 146739 FACULTY & STUDENTS 1 TEACHING, RESEARCH 7 8000 FELL - RESEARCH SCHOLARS 3 4030 SUPPORT STUDENTS 42 38423 FORM 990, PAGE 6, PART VI, LINE 11B THE TAX RETURN IS PREPARED BY AN INDEPENDENT CPA FIRM AND THE RETURN IS REVIEWED BY THE TREASURER IN DETAIL PRIOR TO FILING THE RETURN. FORM 990, PAGE 6, PART VI, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC. THE FOUNDATION RELIES ON PUBLIC REQUESTS TO THE INTERNAL REVENUE SERVICE FOR PUBLIC INSPECTION.