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Nonprofit · EIN 59-6152180

FLORIDA STATE UNIVERSITY FOUNDATION INC

Tax-exempt · TALLAHASSEE, FL 32301

Financials

$96M$76.2M2022$109.1M$103.1M2023$123.9M$87.6M2024
Revenue Expenses · by fiscal year end
Financials of FLORIDA STATE UNIVERSITY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$123,882,201$87,562,834$36,319,367$1,159,850,643$24,459,475$1,135,391,168
June 30, 2024990$109,073,173$103,086,035$5,987,138$1,064,931,255$24,101,095$1,040,830,160
June 30, 2023990$96,038,685$76,186,009$19,852,676$996,438,473$23,041,282$973,397,191
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$60,137,706
of which government grants
$1,807,195
Program service revenue
$1,579,561
Investment income
$61,635,657
Royalties
$75,907
Net gain from sales of assets
$47,938,420
Net income from fundraising events
-$130,853
Other revenue
$529,277

Expenses

Grants and similar amounts paid
$34,535,571
Compensation of officers, directors and key employees
$430,706
Other salaries and wages
$2,896,562
Salaries, compensation and benefits (total)
$4,609,690
Professional fundraising fees
$0
Legal fees
$11,796
Accounting fees
$273,093
Occupancy
$1,019,504
Travel
$4,347,930
Depreciation
$818,476
Program services (functional)
$55,153,467
Management and general (functional)
$28,435,424
Fundraising (functional)
$3,973,943

Balance sheet and other

Total assets, start of year
$1,064,931,255
Total assets, end of year
$1,159,850,643
Total liabilities, end of year
$24,459,475
Net assets, end of year
$1,135,391,168
Land, buildings and equipment
$5,262,515
Publicly traded securities
$106,216,789
Gross unrelated business income
$1,160,544
Gross receipts
$225,992,574
Employees
0
Volunteers
402
Year formed
1960
State of legal domicile
FL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
Richard D McCulloughTrustee/Ex Officio Voting, FSU President
Trustee or director
1$0$1,558,470$136,117
Michael HartlineFormer Interim Foundation President
Former
0$0$494,799$46,997
Marla A VickersVP for University Advancement & Foundation President
Officer
10$0$479,872$44,994
Sam W HuckabaTrustee/Ex Officio Voting, Provost-Appointed Dean
Trustee or director
1$0$392,944$62,709
Susan GlennAssociate VP of Advancement, Colleges, Schools and Units
Highest-paid employee
40$0$305,208$63,260
Steven Mark TermanSr. Director of Development, The John and Mable Ringling Museum of Art
Highest-paid employee
40$0$245,237$38,953
John CarriganCFO/Assistant Treasurer
Officer
38$0$185,449$87,921
James A McNeillSr. Director of Development, College of Medicine
Highest-paid employee
40$0$209,331$43,434
Rebecca Eve FullmerAssociate VP of Advancement Operations
Highest-paid employee
40$0$200,370$22,190
Nancy B SmilowitzSr. Director of Development, College of Arts & Sciences
Highest-paid employee
40$0$182,187$28,482
Roxanne M HughesTrustee/Ex Officio Voting, Faculty Senate President (New)
Trustee or director
1$0$177,354$27,714
Caroline L PooleAssistant Secretary (Partial Year)
Officer
40$0$147,523$38,926
Bridgett Y BirminghamTrustee/Ex Officio Voting, Faculty Senate President (Partial Year)
Trustee or director
1$0$106,275$25,634
Christopher E IansitiTrustee/Chair/Chair, Executive Committee
Trustee or director, Officer
1$0$0$0
Thomas BartelmoTrustee/Chair, Finance Committee/Treasurer
Trustee or director, Officer
1$0$0$0
29 more people on this return
NameTitleHours / weekCompensation
Yvonne T BrownTrustee/Secretary (Partial Year)
Trustee or director, Officer
1$0
Agnes F StoopsTrustee
Trustee or director
1$0
Andrea K FriallTrustee
Trustee or director
1$0
Ashbel C WilliamsTrustee/Chair, Investment Committee
Trustee or director
1$0
Brian K WilliamsTrustee/Ex Officio Voting, UBOT Designee
Trustee or director
1$0
Bruce W McNeilageTrustee
Trustee or director
1$0
Catherine M JohnsonTrustee
Trustee or director
1$0
Charles R CottrellTrustee
Trustee or director
1$0
Fred M TrescaTrustee
Trustee or director
1$0
Henri W CrockettTrustee (Partial Year)
Trustee or director
1$0
Inez E CohenTrustee
Trustee or director
1$0
James L LeeTrustee
Trustee or director
1$0
Jay B JohnsonTrustee
Trustee or director
1$0
Jay F SteeleTrustee/Chair, Audit Committee
Trustee or director
1$0
John W ThielTrustee/Ex Officio Voting, UBOT Advancement Committee
Trustee or director
1$0
Judith HaydenTrustee
Trustee or director
1$0
Kristian DennyTrustee
Trustee or director
1$0
Kyle D RivaTrustee
Trustee or director
1$0
Lance A BartonTrustee
Trustee or director
1$0
Lee F HinkleTrustee
Trustee or director
1$0
Marilyn J YoungTrustee
Trustee or director
1$0
Mart P HillTrustee (Partial Year)
Trustee or director
1$0
Ralph R GonzalezTrustee
Trustee or director
1$0
Robert A JohnsonTrustee
Trustee or director
1$0
Scott G PriceTrustee/Chair, Advancement and Donor Engagement
Trustee or director
1$0
Timothy S GunningTrustee
Trustee or director
1$0
Urielle J LaurentTrustee/Ex Officio Voting, Chair, Student Foundation (Partial Year)
Trustee or director
1$0
William T HoldTrustee/Ex Officio Voting, Presidential Appointee
Trustee or director
1$0
Yasamin KhoshTrustee/Ex Officio Voting, Chair, Student Foundation (New) (Partial Year)
Trustee or director
1$0
990 for the year ended June 30, 2024: 57 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Richard D McCulloughTrustee/Ex Officio Voting, FSU President
Trustee or director
1$0$1,365,751$131,166
Marla A VickersVP for University Advancement & Foundation President
Officer
10$0$447,999$51,487
Michael HartlineFormer Interim Foundation President
Former
0$0$431,897$39,546
Michael T QueenTrustee/Ex Officio Voting, Provost-Appointed Dean
Trustee or director
1$0$268,461$49,669
John F CarriganCFO/Assistant Treasurer
Officer
38$0$166,261$82,235
Caroline C PooleAssistant VP of Adv., Strategic Initiatives/Assistant Secretary
Officer
40$0$165,045$39,932
James A McNeillSr. Director of Development, College of Medicine
Highest-paid employee
40$0$170,208$32,700
David James VanLoneSr. Director of Development, College of Business
Highest-paid employee
40$0$160,676$39,056
Steven Mark TermanSr. Director of Development, The John and Mable Ringling Museum of Art
Highest-paid employee
40$0$160,969$38,707
Jeffrey T BauerDirector, Information Services
Highest-paid employee
40$0$170,139$27,631
Nancy B SmilowitzSr. Director of Development, College of Arts and Sciences
Highest-paid employee
40$0$170,454$26,718
Thomas BlockFormer VP Adv. Relations/Assistant Secretary
Former
0$0$156,147$25,021
Bridgett Y BirminghamTrustee/Ex Officio Voting, Faculty Senate President
Trustee or director
1$0$96,997$26,274
Nancy McKayTrustee/Immediate Past Chair
Trustee or director
1$0$10,052$0
Christopher E IansitiTrustee/Chair
Trustee or director, Officer
1$0$0$0
Craig T Lynch Partial YearTrustee/Chair-elect
Trustee or director, Officer
1$0$0$0
Frank A HallTrustee/Treasurer
Trustee or director, Officer
1$0$0$0
Sean PittmanTrustee/Secretary
Trustee or director, Officer
1$0$0$0
Agnes F StoopsTrustee
Trustee or director
1$0$0$0
Andrea K FriallTrustee
Trustee or director
1$0$0$0
Ashbel C WilliamsTrustee
Trustee or director
1$0$0$0
Brian K WilliamsTrustee/Ex Officio Voting, UBOT Designee
Trustee or director
1$0$0$0
Bruce W McNeilageTrustee
Trustee or director
1$0$0$0
Catherine M JohnsonTrustee
Trustee or director
1$0$0$0
Charles R CottrellTrustee
Trustee or director
1$0$0$0
Diahann W LassusTrustee
Trustee or director
1$0$0$0
Eric MuozTrustee
Trustee or director
1$0$0$0
Fred M TrescaTrustee
Trustee or director
1$0$0$0
Henri W CrockettTrustee
Trustee or director
1$0$0$0
Inez E CohenTrustee
Trustee or director
1$0$0$0
James L LeeTrustee
Trustee or director
1$0$0$0
Jay B JohnsonTrustee
Trustee or director
1$0$0$0
Jay F SteeleTrustee
Trustee or director
1$0$0$0
John W ThielTrustee/Ex Officio Voting, UBOT Advancement Committee
Trustee or director
1$0$0$0
Judith HaydenTrustee
Trustee or director
1$0$0$0
Kristian DennyTrustee
Trustee or director
1$0$0$0
Kyle D RivaTrustee
Trustee or director
1$0$0$0
Lance A BartonTrustee
Trustee or director
1$0$0$0
Lee F HinkleTrustee
Trustee or director
1$0$0$0
Marilyn J YoungTrustee
Trustee or director
1$0$0$0
Mart P HillTrustee
Trustee or director
1$0$0$0
Michael C PolandTrustee
Trustee or director
1$0$0$0
Paula P SmithTrustee
Trustee or director
1$0$0$0
Ralph R GonzalezTrustee
Trustee or director
1$0$0$0
Robert A JohnsonTrustee
Trustee or director
1$0$0$0
Robert E Rice Partial YearTrustee
Trustee or director
1$0$0$0
Russell T KohlTrustee
Trustee or director
1$0$0$0
Ruth R Akers Partial YearTrustee
Trustee or director
1$0$0$0
Scott G PriceTrustee
Trustee or director
1$0$0$0
Steven J MudderTrustee
Trustee or director
1$0$0$0
Thomas BartelmoTrustee
Trustee or director
1$0$0$0
Timothy S GunningTrustee
Trustee or director
1$0$0$0
Tom C HaneyTrustee
Trustee or director
1$0$0$0
Urielle J LaurentTrustee/Ex Officio Voting, Chair, Student Foundation
Trustee or director
1$0$0$0
William E CoenTrustee
Trustee or director
1$0$0$0
William T HoldTrustee/Ex Officio Voting, Presidential Appointee
Trustee or director
1$0$0$0
Yvonne T BrownTrustee
Trustee or director
1$0$0$0
990 for the year ended June 30, 2023: 58 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
RICHARD MCCULLOUGHTRUSTEE/EX OFFICIO V, FSU PRESIDENT
Trustee or director
1$0$1,112,055$249,673
MICHAEL D HARTLINE PARTIAL YEARTRUSTEE/EX OFFICIO V, INTERIM FOUNDATION PRESIDENT
Trustee or director, Officer
20$0$440,934$42,945
ANDY A JHANJIFORMER INTERIM VP OF UNIVERSITY ADVANCEMENT AND EX
Former
33$0$337,032$23,567
MICHAEL T QUEENTRUSTEE/VOTING EX OFFICIO TRUSTEE, PROVOST-APPOINT
Trustee or director
1$0$252,759$47,591
ERIC K CHICKEN PARTIAL YEARTRUSTEE/EX OFFICIO V, FACULTY SENATE PRESIDENT
Trustee or director
1$0$197,692$42,824
JEFFREY T BAUERDIRECTOR, INFORMATION SERVICE
Highest-paid employee
40$0$146,193$45,430
JAMES A MCNEILLSR. DIRECTOR OF DEVELOPMENT, COLLEGE OF MEDICINE
Highest-paid employee
40$0$157,692$28,908
STEVEN M TERMANSR. DIRECTOR OF DEVELOPMENT, FSU/RINGLING
Highest-paid employee
40$0$148,838$37,223
NANCY B SMILOWITZSR. DIRECTOR OF DEVELOPMENT, COLLEGE OF ARTS AND S
Highest-paid employee
40$0$156,879$24,979
PAMELA SPENCERVICE PRESIDENT OF ADVANCEMENT SERVICES
Highest-paid employee
40$0$144,614$36,146
THOMAS W BLOCK PARTIAL YEARVP ADV. RELATIONS/ASSISTANT SECRETARY
Officer
40$0$134,809$39,620
JOHN F CARRIGANCFO/ASSISTANT TREASURER
Officer
38$0$116,450$44,701
MARLA A VICKERSTRUSTEE/EX OFFICIO V, VP FOR UNIVERSITY ADVANCEMEN
Trustee or director
12$0$126,187$11,377
CAROLINE L POOLEASSISTANT VP OF ADV., STRATEGIC INITIATIVES/ACTING
Officer
40$0$97,593$33,077
BRIDGETT Y BIRMINGHAMTRUSTEE/EX OFFICIO V, FACULTY SENATE PRESIDENT
Trustee or director
1$0$91,272$24,238
NANCY MCKAYTRUSTEE/IMMEDIATE PAST CHAIR
Trustee or director
1$0$14,000$0
ROBERT E RICETRUSTEE
Trustee or director
1$0$2,939$0
URIELLE LAURENTTRUSTEE/EX OFFICIO V, CHAIR, STUDENT FOUNDATION
Trustee or director
1$0$600$0
FRANK A HALLTRUSTEE/FINANCE COMMITTEE CHAIR/TREASURER
Trustee or director, Officer
1$0$0$0
CHRISTOPHER E IANSITITRUSTEE/CHAIR/EXECUTIVE COMMITTEE CHAIR
Trustee or director, Officer
1$0$0$0
CRAIG T LYNCHTRUSTEE/TRUSTEESHIP AND ENGAGEMENT COMMITTEE CHAIR
Trustee or director, Officer
1$0$0$0
SEAN PITTMANTRUSTEE/SECRETARY
Trustee or director, Officer
1$0$0$0
DONNA M ABOODTRUSTEE
Trustee or director
1$0$0$0
RUTH R AKERSTRUSTEE, CHAIR, DONOR STEWARDSHIP COMMITTEE
Trustee or director
1$0$0$0
THOMAS BARTELMOTRUSTEE
Trustee or director
1$0$0$0
LANCE A BARTONTRUSTEE
Trustee or director
1$0$0$0
YVONNE T BROWNTRUSTEE
Trustee or director
1$0$0$0
WILLIAM E COENTRUSTEE
Trustee or director
1$0$0$0
INEZ E COHENTRUSTEE
Trustee or director
1$0$0$0
CHARLES R COTTRELLTRUSTEE
Trustee or director
1$0$0$0
KRISTIAN DENNYTRUSTEE
Trustee or director
1$0$0$0
ARTHUR L FLEMINGTRUSTEE
Trustee or director
1$0$0$0
ANDREA K FRIALLTRUSTEE
Trustee or director
1$0$0$0
RALPH R GONZALEZTRUSTEE
Trustee or director
1$0$0$0
TIMOTHY S GUNNINGTRUSTEE
Trustee or director
1$0$0$0
FRANKLIN L HAGENBECK PARTIAL YEARTRUSTEE
Trustee or director
1$0$0$0
TOM C HANEYTRUSTEE
Trustee or director
1$0$0$0
JUDITH HAYDENTRUSTEE
Trustee or director
1$0$0$0
MART P HILLTRUSTEE
Trustee or director
1$0$0$0
LEE F HINKLETRUSTEE
Trustee or director
1$0$0$0
JACKSON M HITCHCOCK PARTIAL YEARTRUSTEE
Trustee or director
1$0$0$0
JAY B JOHNSONTRUSTEE
Trustee or director
1$0$0$0
ROBERT A JOHNSONTRUSTEE
Trustee or director
1$0$0$0
RUSSELL T KOHLTRUSTEE
Trustee or director
1$0$0$0
DIAHANN W LASSUSTRUSTEE
Trustee or director
1$0$0$0
JAMES L LEETRUSTEE
Trustee or director
1$0$0$0
JOHN M LUSKTRUSTEE
Trustee or director
1$0$0$0
STEVEN J MUDDERTRUSTEE
Trustee or director
1$0$0$0
ERIC MUNOZTRUSTEE
Trustee or director
1$0$0$0
MICHAEL C POLANDTRUSTEE
Trustee or director
1$0$0$0
SCOTT G PRICETRUSTEE
Trustee or director
1$0$0$0
KYLE D RIVATRUSTEE
Trustee or director
1$0$0$0
PAULA P SMITHTRUSTEE, CHAIR, ADVANCEMENT COMMITTEE
Trustee or director
1$0$0$0
JAY F STEELETRUSTEE, CHAIR, AUDIT COMMITTEE
Trustee or director
1$0$0$0
AGNES F STOOPSTRUSTEE
Trustee or director
1$0$0$0
JOHN W THIELTRUSTEE/EX OFFICIO V, FSU BOT
Trustee or director
1$0$0$0
ASHBEL C WILLIAMSTRUSTEE, CHAIR, INVESTMENT COMMITTEE
Trustee or director
1$0$0$0
MARILYN J YOUNGTRUSTEE
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
325 W COLLEGE AVE, TALLAHASSEE, FL 32301-1403
Principal officer (990 for 2024)
JOHN F CARRIGAN, 325 W COLLEGE AVENUE, TALLAHASSEE, FL 32301
Signed the 990
JOHN F CARRIGAN, CFO/ASSISTANT TREASURER
Phone
(850) 644-6000
Return prepared by
CROWE LLP

Mission

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 FSU'S OVERALL ADVANCEMENT EFFORT, INVESTING AND EXPENDING FUNDS TO MEET CURRENT AND FUTURE NEEDS OF FSU, AND STRENGTHENING RELATIONSHIPS WITH DONORS TO FSU.

990 for the year ended June 30, 2025

Program accomplishments

  • THE FLORIDA STATE UNIVERSITY FOUNDATION EXPENDS FUNDS FOR PURPOSES THAT ENHANCE THE ACADEMIC MISSION OF FLORIDA STATE UNIVERSITY. ACADEMIC SUPPORT INCLUDES SALARIES, SCHOLARSHIPS & FELLOWSHIPS, RESEARCH, CAPITAL FUNDING, EQUIPMENT & SUPPLIES, TRAVEL, AND OTHER EXPENSES. THIS SUPPORT HELPS THE UNIVERSITY'S OUTSTANDING FACULTY INSPIRE STUDENTS, FOSTER AND ENHANCE STRONG ACADEMIC PROGRAMS, AND SERVE AS A KEY ELEMENT TO INSTITUTIONAL GREATNESS. EMINENT SCHOLARS AND PROFESSORSHIPS ARE PRESTIGIOUS POSITIONS HELD BY THE UNIVERSITY'S MOST ACCOMPLISHED FACULTY. SPENDING TO SUPPORT THESE POSITIONS MEANS THAT ACADEMIC EXCELLENCE WILL BE MAINTAINED. CURRICULUM DEVELOPMENT, INTERNSHIPS, INTERDISCIPLINARY WORK, EXPERIENTIAL LEARNING AND ACADEMIC ENRICHMENT ALL REQUIRE PRIVATE SUPPORT.
    Expenses $55,153,467 · grants $34,535,571 · revenue $2,103,514

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
59-6152180
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Organization supporting a government college or university
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1963
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B114)
Assets (IRS master file)
$1,159,850,643
Income (IRS master file)
$225,992,574

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$123,882,201$87,562,834$1,159,850,643IRS
990-TJune 2025–––IRS
990June 2024$109,073,173$103,086,035$1,064,931,255IRS
990-TJune 2024–––IRS
990June 2023$96,038,685$76,186,009$996,438,473XML
990-TJune 2023–––IRS
990June 2022$127,907,940$78,001,557$940,918,551IRS
990-TJune 2022–––IRS
990June 2021–––IRS
990-TJune 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-6152180).

Questions about FLORIDA STATE UNIVERSITY FOUNDATION INC

What is the EIN of FLORIDA STATE UNIVERSITY FOUNDATION INC?
The employer identification number (EIN) of FLORIDA STATE UNIVERSITY FOUNDATION INC is 59-6152180.
Is FLORIDA STATE UNIVERSITY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1963.
Are donations to FLORIDA STATE UNIVERSITY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FLORIDA STATE UNIVERSITY FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of FLORIDA STATE UNIVERSITY FOUNDATION INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FLORIDA STATE UNIVERSITY FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of FLORIDA STATE UNIVERSITY FOUNDATION INC?
The 990 for the year ended June 30, 2025 names JOHN F CARRIGAN.
Who are the officers and directors of FLORIDA STATE UNIVERSITY FOUNDATION INC?
The 990 for the year ended June 30, 2025 lists 44 people; 0 received compensation from the organization.
How much revenue does FLORIDA STATE UNIVERSITY FOUNDATION INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $123,882,201, expenses of $87,562,834 and total assets of $1,159,850,643 at year end.

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