2025-01-31T11:31:12-06:00 2024-06-30 520959934 ELLIN & TUCKER CHARTERED 400 EAST PRATT ST SUITE 200 BALTIMORE MD 21202 990 2023-07-01 520952758 BOWIE STATE UNIVERSITY FOUNDATION INC BOWI 3018604308 14000 JERICHO PARK ROAD BOWIE MD 20715 BRENT SWINTON EXECUTIVE DIRECTOR 3018604308 2025-01-28 1 0 SUSAN KELLER P00245169 4107275735 2023 2025-03-06 01:10:19Z BRENT SWINTON 14000 JERICHO PARK ROAD BOWIE MD 20715 9069599 0 X WWW.BOWIESTATE.EDU/ABOUT/BSU-FOUNDATION/ X 1972 MD TO FACILITATE FUNDRAISING AND STEWARDSHIP EFFORTS OF BOWIE STATE UNIVERSITY. 17 17 0 19 0 0 14123503 6365290 0 0 1356504 2218496 232409 158403 15712416 8742189 7353985 1684676 0 0 78849 88687 0 0 51332 2414977 3748074 9847811 5521437 5864605 3220752 53568162 60004233 1881753 3527806 51686409 56476427 X TO FACILITATE FUND-RAISING EFFORTS THAT SEEK CONTRIBUTIONS FROM PRIVATE SOURCES, IN SUPPORT OF ACTIVITIES AND THE MISSION OF BOWIE STATE UNIVERSITY (BSU). BOWIE STATE UNIVERSITY FOUNDATION ASSUMES OVERSIGHT RESPONSIBILITY FOR GIFT ACCEPTANCE AND ADMINISTRATION FOR CONTRIBUTIONS TO THE BSU. 0 0 1684676 1684676 EXPENSES REFLECT FUNDS TO BOWIE STATE UNIVERSITY FOR SCHOLARSHIPS AWARDED TO STUDENTS IN SUPPORT OF EFFORTS TO ADDRESS RETENTION NEEDS, IMPROVE THE GRADUATION RATE, AND BRIDGE GAP FUNDING AND ENHANCE RECRUITMENT. 2642878 0 EXPENDITURES/TRANSACTIONS REFLECT SUPPORT FOR BOWIE STATE UNIVERSITY PROGRAMS AND STUDENT EXPERIENCES SUCH AS: ESTABLISHMENT OF NUTRITION LOUNGE-ATHLETICS, PROVIDES A LOCATION FOR STUDENT ATHLETES TO HAVE ACCESS TO HEALTHY FOOD AND SNACKS THAT SUPPORT THEIR TRAINING AND PERFORMANCE NEEDS.EXPANSION IN EXPERIENTIAL LEARNING OPPORTUNITIES THROUGH COMPUTER SCIENCE INTERNSHIPSCURRICULUMN DEVELOPMENT FOCUSING ON INSURANCE AND RISK MANAGEMENT 4327554 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 166 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MD X X X DAPHNE DESHIELDS 3018604308 14000 JERICHO PARK ROAD BOWIE MD 20715 ALFONZO POWELL CHAIR 2.00 X X 0 0 0 CHARLES EXUM VICE CHAIR 1.00 X X 0 0 0 DIVESH GUPTA TREASURER 1.00 X X 0 0 0 RON BUSBY SECRETARY 1.00 X X 0 0 0 DR AMINTA BREAUX BSU PRESIDENT 1.00 X 0 0 0 MICHAEL ATKINS EX-OFFICIO 1.00 X 0 0 0 DARREN SWAIN EX-OFFICIO 1.00 X 0 0 0 ANGEL RICH MEMBER 1.00 X 0 0 0 DAMON LESTER MEMBER 1.00 X 0 0 0 DARLENE BROWN MEMBER 1.00 X 0 0 0 DEIDRE JACKSON MEMBER 1.00 X 0 0 0 DR JOSEPH GREEN MEMBER 1.00 X 0 0 0 MONIQUE SMITH MEMBER 1.00 X 0 0 0 TROY WEAVER MEMBER 1.00 X 0 0 0 JIM SIMPSON MEMBER 1.00 X 0 0 0 LAKEITHA ANDERSON MEMBER 1.00 X 0 0 0 GINA NIGHTENGALE MEMBER 1.00 X 0 0 0 LOUIS WILLIAMS MEMBER 1.00 X 0 0 0 BRENT SWINTON EXECUTIVE DIRECTOR 3.00 X 14212 0 2222 DAPHNE DE SHIELDS CHIEF FINANCIAL OFFICER 20.00 X 50149 0 8396 64361 0 10618 0 0 0 0 0 40361 190000 6134929 6365290 815523 815523 1706087 303114 1402973 1402973 1402973 15050 40361 24296 -9246 -9246 ANNUAL ASSESSMENT 900099 112457 112457 OTHER INCOME 900099 52212 52212 MEMBERSHIP DUES 900099 2980 2980 167649 8742189 167649 0 2209250 X 1684676 1684676 88687 88687 8000 8000 74856 74856 362496 362496 2030269 1958748 38103 33418 83333 59664 5755 17914 114626 114626 1756 1756 8402 3759 4643 BAD DEBT 517500 0 517500 0 EQUIPMENT MAINTENANCE 231662 231662 0 0 ANNUAL ASSESSMENT 146266 146266 PROGRAM EXPENSES 105492 105492 0 63416 22661 40755 5521437 4327554 1142551 51332 6366903 9914403 4233019 2926916 84860 42500 42883380 47120414 53568162 60004233 1881753 3527806 1881753 3527806 X 25807628 27219667 25878781 29256760 51686409 56476427 53568162 60004233 3220752 1569266 0 X X 0 1 X 1 0 X 1276430 28850392 5937423 13996923 6365290 56426458 1276430 28850392 5937423 13996923 6365290 56426458 6213620 50212838 135826 388330 625304 656777 815523 2621760 204802 192127 296508 316682 167649 1177768 60225986 0.83370 0.84210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14627796 1514357 1478565 390045 17230673 12136911 2572931 722600 804646 14627796 10286965 2837588 100332 1087974 12136911 8266976 365821 2115588 461420 10286965 8105973 268765 55173 162935 8266976 0.00000 0.47000 0.53000 1 0 0 UNI. SYSTEM OF MD FND FUND 46521402 F CERTIFICATES OF DEPOSITS 599012 F 47120414 X 9948959 1569266 1569266 8379693 362496 362496 8742189 5158941 0 5158941 362496 362496 5521437 PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED TO SUPPORT THE ACTIVITIES OF BOWIE STATE UNIVERSITY, CHIEFLY THROUGH THE ISSUANCE OF SCHOLARSHIPS TO STUDENTS. PART X, LINE 2: THE FOUNDATION FOLLOWS THE PROVISIONS OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES UNDER THE INCOME TAXES TOPIC OF THE CODIFICATION. THE CODIFICATION REQUIRES THE FOUNDATION'S EVALUATION OF TAX POSITIONS, WHICH INCLUDES MAINTAINING ITS TAX-EXEMPT STATUS AND THE TAXABILITY OF ANY UNRELATED BUSINESS INCOME, AND DOES NOT ALLOW RECOGNITION OF TAX POSITIONS WHICH DO NOT MEET A "MORE-LIKELY-THAN-NOT" THRESHOLD OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. MANAGEMENT DOES NOT BELIEVE IT TOOK ANY TAX POSITIONS THAT WOULD NOT MEET THIS THRESHOLD. 13TH ANNUAL BULLDOG CLASSIC 55411 40361 15050 24296 1 55411 40361 15050 24296 24296 -9246 1 BOWIE STATE UNIVERSTIY 14000 JERICHO PARK ROAD BOWIE MD 20715 300002563 642754 0 TO ASSIST BOWIE STATE UNIVERSITY AWARD SCHOLARSHIPS TO STUDENTS IN SUPPORT OF EFFORTS TO ADDRESS RETENTION NEEDS, IMPROVE THE GRADUATION RATE, AND BRIDGE GAP FUNDING AND ENHANCE RECRUITMENT. BOWIE STATE UNIVERSTIY 14000 JERICHO PARK ROAD BOWIE MD 20715 300002563 1041922 0 GRANTS TO SUPPORT BOWIE STATE UNIVERSITY AND ITS MISSION, PROGRAMS AND STUDENT EXPERIENCES 1 FORM 990, PART V, LINE 2A: ALL PAID PERSONNEL OF BOWIE STATE UNIVERSITY FOUNDATION ARE EMPLOYEES OF BOWIE STATE UNIVERSITY. AS SUCH, THE UNIVERSITY HANDLES ALL PAYROLL SERVICES AND THESE EMPLOYEES ARE REPORTED UNDER THE EMPLOYER IDENTIFICATION NUMBER (EIN) OF THE UNIVERSITY. THE PAYROLL EXPENSES ASSOCIATED WITH THESE EMPLOYEES IS ALLOCATED TO THE FOUNDATION BY THE UNIVERSITY AND IS INCLUDED IN THE FOUNDATION'S BOOKS AS A REIMBURSEMENT TO THE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT AND FINANCE COMMITTEE MEET, REVIEW, DISCUSS AND APPROVE THE FORM 990 AND IT IS THEN MAILED TO THE FULL BOARD PRIOR TO BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS ARE REQUIRED TO COMPLETE THE CONFLICT OF INTEREST DISCLOSURE FORM AND IT IS UPDATED ANNUALLY. DISCLOSURE AND DISCUSSION IS REQUIRED FOR THOSE WHO HAVE DECLARED CONFLICTS. THE DISCUSSION IS CONDUCTED BY EITHER THE CHAIRMAN OF THE BOARD OR THE EXECUTIVE DIRECTOR OF THE FOUNDATION. IN ADDITION, INDIVIDUALS WHO ARE IDENTIFIED AS HAVING A CONFLICT OF INTEREST MIGHT BE REQUIRED TO HAVE A CONSULTATION WITH THE CHAIRMAN OF THE BOARD, THE EXECUTIVE DIRECTOR. LEGAL COUNSEL, THE EXECUTIVE COMMITTEE OR THE FULL BOARD IN EXECUTIVE SESSION. DECISIONS ARE MADE ON A CASE BY CASE BASIS AND DEPENDING ON THE ACTUAL RELATIONSHIP, THE CONSEQUENCES WOULD BE DETERMINED BASED ON THE FACTS OF THE SITUATION. FORM 990, PART VI, SECTION B, LINE 15 ALL PAID PERSONNEL OF BOWIE STATE UNIVERSITY FOUNDATION ARE EMPLOYEES OF BOWIE STATE UNIVERSITY. AS SUCH, THE UNIVERSITY HANDLES ALL PAYROLL SERVICES AND THESE EMPLOYEES ARE REPORTED UNDER THE EMPLOYER IDENTIFICATION NUMBER (EIN) OF THE UNIVERSITY. THE RELATED PAYROLL EXPENSES ASSOCIATED WITH THESE EMPLOYEES IS ALLOCATED TO THE FOUNDATION BY THE UNIVERSITY AND IS INCLUDED IN THE FOUNDATION'S BOOKS AS REIMBURSEMENT TO THE UNIVERSITY. THE EXECUTIVE DIRECTOR, WHO PRIMARILY SERVES AS THE VICE PRESIDENT FOR PHILANTHROPIC ENGAGEMENT, IS SELECTED BY A SEARCH COMMITTEE. THEY ARE NOT NECESSARILY INDEPENDENT PERSONS. THE SALARY IS DETERMINED BY THE UNIVERSITY'S HUMAN RESOURCES DEPARTMENT IN CONJUNCTION WITH NEGOTIATIONS FROM THE PERSPECTIVE CANDIDATE AND GOVERNING RULES OF THE POSITION, CLASS AND RANGE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTUAL SERVICES: PROGRAM SERVICE EXPENSES 1,958,748. MANAGEMENT AND GENERAL EXPENSES 38,103. FUNDRAISING EXPENSES 33,418. TOTAL EXPENSES 2,030,269. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.