Civic Intelligence

Hodges University Foundation Inc

990 • Fiscal year 2013 • EIN 65-1176465

Jul 01, 2012 to Jun 30, 2013 • Filed on Oct 23, 2013

Organization Profile
2655 Northbrooke Drive34119
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

6th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

39th percentile

0.1%

Faster asset growth than 39% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets6th percentile

Assets

Up

$4,676,878

Up $2,519 (+0.1%) from 2012

Net Assets

Up

$4,676,878

Up $2,519 (+0.1%) from 2012

Liabilities

Flat

$0

Flat from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Up

$775,967

Up $687,053 (+773%) from 2012

Expenses

Up

$227,602

Up $77,602 (+52%) from 2012

Net Income

Up

$548,365

Up $609,451 (+998%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $3,877,455Liabilities 2010: $0Net Assets 2010: $3,877,4552010Assets 2011: $5,013,710Liabilities 2011: $0Net Assets 2011: $5,013,7102011Assets 2012: $4,674,359Liabilities 2012: $0Net Assets 2012: $4,674,3592012Assets 2013: $4,676,878Liabilities 2013: $0Net Assets 2013: $4,676,8782013

Highlighted filing

2013

Assets$4,676,878
Liabilities$0
Net Assets$4,676,878
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $02010Expenses 2011: $02011Revenue 2012: $88,914Expenses 2012: $150,000Net Income 2012: -$61,0862012Revenue 2013: $775,967Expenses 2013: $227,602Net Income 2013: $548,3652013

Highlighted filing

2013

Revenue$775,967
Expenses$227,602
Net Income$548,365
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Oct 23, 2013
Return Version
2012v2.1
Gross Receipts
$5,835,458
Filing and Contact Details

Filer

EIN
65-1176465
Raw XML AppendixShowing 400 of 456 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReview00
IRS990/ActivitiesConductedPartnership00
IRS990/ActivityOrMissionDescription0SEEK DONATIONS AND MAINTAIN AN ENDOWMENT TO SUPPORT HODGES UNIVERSITY.
IRS990/AddressPrincipalOfficerUS/AddressLine102655 NORTHBROOKE DRIVE
IRS990/AddressPrincipalOfficerUS/City0NAPLES
IRS990/AddressPrincipalOfficerUS/State0FL
IRS990/AddressPrincipalOfficerUS/ZIPCode034119
IRS990/AllOtherContributions088549
IRS990/AnnualDisclosureCoveredPersons01
IRS990/AuditCommittee01
IRS990/BenefitsPaidToMembersCY00
IRS990/BenefitsPaidToMembersPriorYear00
IRS990/BsnssRltnshpThruFamilyMember00
IRS990/BsnssRltnshpWithOrganization00
IRS990/ChangesToOrganizingDocs00
IRS990/CollectionsOfArt00
IRS990/CompensationFromOtherSources00
IRS990/CompensationProcessCEO00
IRS990/CompensationProcessOther00
IRS990/ConflictOfInterestPolicy01
IRS990/ConservationEasements00
IRS990/ConsolidatedAuditFinancialStmt01
IRS990/ContributionsGrantsCurrentYear088549
IRS990/ContributionsGrantsPriorYear082870
IRS990/CreditCounseling00
IRS990/DecisionsSubjectToApproval01
IRS990/DeductibleContributionsOfArt00
IRS990/DeductibleNonCashContributions00
IRS990/DelegationOfManagementDuties00
IRS990/DescribedIn501C301
IRS990/Description0HODGES UNIVERSITY FOUNDATION, INC. SEEKS DONATIONS FOR A PERMANENT ENDOWMENT FUND TO BE INVESTED TO GENERATE INTEREST, DIVIDENDS AND GAINS TO BE DISTRIBUTED AS SUPPORT TO HODGES UNIVERSITY, INC. A PAYOUT OF $227,600 WAS MADE DURING THE CURRENT YEAR IN ACCORDANCE WITH THE FOUNDATION PAYOUT POLICIES.
IRS990/DisregardedEntity00
IRS990/DocumentRetentionPolicy01
IRS990/DonorAdvisedFunds00
IRS990/ElectionOfBoardMembers01
IRS990/ExcessBenefitTransaction00
IRS990/ExcessBusinessHoldings00
IRS990/Expense0227602
IRS990/FamilyOrBusinessRelationship01
IRS990/FederalGrantAuditRequired00
IRS990/FollowSFAS1170X
IRS990/ForeignActivities00
IRS990/ForeignFinancialAccount00
IRS990/ForeignOffice00
IRS990/Form8282PropertyDisposedOf00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek05.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek12.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek22.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek32.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek42.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek52.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek62.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek72.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek82.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek92.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek102.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek1110.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeekRelated00.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeekRelated10.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeekRelated215.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeekRelated30.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeekRelated40.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeekRelated50.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeekRelated60.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeekRelated70.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeekRelated80.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeekRelated90.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeekRelated100.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeekRelated1130.00
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector0X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector1X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector2X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector3X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector4X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector5X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector6X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector7X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector8X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector9X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector10X
IRS990/Form990PartVIISectionA/NamePerson0RANDOLPH BROCK
IRS990/Form990PartVIISectionA/NamePerson1BARBARA BURRIS
IRS990/Form990PartVIISectionA/NamePerson2FREDERICK NERONE
IRS990/Form990PartVIISectionA/NamePerson3JOHN W FISHER III
IRS990/Form990PartVIISectionA/NamePerson4TERRY FLYNN
IRS990/Form990PartVIISectionA/NamePerson5LAVERN GAYNOR
IRS990/Form990PartVIISectionA/NamePerson6EARL G HODGES
IRS990/Form990PartVIISectionA/NamePerson7MICHAEL LONDON
IRS990/Form990PartVIISectionA/NamePerson8JERRY NICHOLS
IRS990/Form990PartVIISectionA/NamePerson9PETER THOMAS
IRS990/Form990PartVIISectionA/NamePerson10GARY TRIPP
IRS990/Form990PartVIISectionA/NamePerson11PHILIP MEMOLI
IRS990/Form990PartVIISectionA/Officer0X
IRS990/Form990PartVIISectionA/Officer1X
IRS990/Form990PartVIISectionA/Officer2X
IRS990/Form990PartVIISectionA/Officer3X
IRS990/Form990PartVIISectionA/Officer4X
IRS990/Form990PartVIISectionA/OtherCompensation00
IRS990/Form990PartVIISectionA/OtherCompensation10
IRS990/Form990PartVIISectionA/OtherCompensation27200
IRS990/Form990PartVIISectionA/OtherCompensation30
IRS990/Form990PartVIISectionA/OtherCompensation40
IRS990/Form990PartVIISectionA/OtherCompensation50
IRS990/Form990PartVIISectionA/OtherCompensation60
IRS990/Form990PartVIISectionA/OtherCompensation70
IRS990/Form990PartVIISectionA/OtherCompensation80
IRS990/Form990PartVIISectionA/OtherCompensation90
IRS990/Form990PartVIISectionA/OtherCompensation100
IRS990/Form990PartVIISectionA/OtherCompensation1129700
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization00
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization10
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization20
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization30
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization40
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization50
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization60
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization70
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization80
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization90
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization100
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization110
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs00
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs10
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs255011
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs30
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs40
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs50
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs60
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs70
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs80
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs90
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs100
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs11111535
IRS990/Form990PartVIISectionA/Title0CHAIRMAN
IRS990/Form990PartVIISectionA/Title1VICE CHAIRMAN
IRS990/Form990PartVIISectionA/Title2TREASURER
IRS990/Form990PartVIISectionA/Title3SECRETARY
IRS990/Form990PartVIISectionA/Title4DIRECTOR
IRS990/Form990PartVIISectionA/Title5DIRECTOR
IRS990/Form990PartVIISectionA/Title6DIRECTOR
IRS990/Form990PartVIISectionA/Title7DIRECTOR
IRS990/Form990PartVIISectionA/Title8DIRECTOR
IRS990/Form990PartVIISectionA/Title9DIRECTOR
IRS990/Form990PartVIISectionA/Title10DIRECTOR
IRS990/Form990PartVIISectionA/Title11EXECUTIVE DIRECTOR (CURRENT)
IRS990/Form990ProvidedToGoverningBody01
IRS990/FormersListed00
IRS990/FSAudited01
IRS990/FSAuditedBasis/FinancialStatementConsolidated0X
IRS990/FundraisingActivities00
IRS990/FundsToPayPremiums00
IRS990/GainOrLoss/Securities0548569
IRS990/Gaming00
IRS990/Grants0227602
IRS990/GrantsAndSimilarAmntsCY0227602
IRS990/GrantsAndSimilarAmntsPriorYear0150000
IRS990/GrantsToDomesticOrgs/ProgramServices0227602
IRS990/GrantsToDomesticOrgs/Total0227602
IRS990/GrantsToIndividuals00
IRS990/GrantsToOrganizations01
IRS990/GrantToRelatedPerson00
IRS990/GrossAmountSalesAssets/Securities05608060
IRS990/GrossReceipts05835458
IRS990/GroupReturnForAffiliates00
IRS990/Hospital00
IRS990/IndependentAuditFinancialStmt00
IRS990/IndoorTanningServices00
IRS990/InfoInScheduleOPartVI0X
IRS990/InvestmentIncomeCurrentYear0687418
IRS990/InvestmentIncome/ExclusionAmount0138849
IRS990/InvestmentIncomePriorYear06044
IRS990/InvestmentIncome/TotalRevenueColumn0138849
IRS990/InvestmentInJointVenture00
IRS990/InvestmentsPubTradedSecurities/BOY04544164
IRS990/InvestmentsPubTradedSecurities/EOY04461026
IRS990/LessCostOthBasisSalesExpenses/Securities05059491
IRS990/LoanToOfficerOrDQP00
IRS990/LobbyingActivities00
IRS990/LocalChapters00
IRS990/MaterialDiversionOrMisuse00
IRS990/MembersOrStockholders01
IRS990/MethodOfAccountingAccrual0X
IRS990/MinutesOfCommittees01
IRS990/MinutesOfGoverningBody01
IRS990/MissionDescription0HODGES UNIVERSITY FOUNDATION SEEKS DONATIONS AND MAINTAINS AN ENDOWMENT TO SUPPORT HODGES UNIVERSITY. THE ENDOWMENT CONTAINS FUNDS GIVEN IN GENERAL SUPPORT OF HODGES UNIVERSITY, AS WELL AS FUNDS DONATED FOR SPECIFIC PURPOSES, SUCH AS SCHOLARSHIPS.
IRS990/MoreThan5000KToIndividuals00
IRS990/MoreThan5000KToOrganizations00
IRS990/NameOfPrincipalOfficerPerson0PHILIP MEMOLI
IRS990/NbrIndependentVotingMembers010
IRS990/NbrVotingGoverningBodyMembers011
IRS990/NbrVotingMembersGoverningBody011
IRS990/NetAssetsOrFundBalancesBOY04674359
IRS990/NetAssetsOrFundBalancesEOY04676878
IRS990/NetGainOrLossInvestments/ExclusionAmount0548569
IRS990/NetGainOrLossInvestments/TotalRevenueColumn0548569
IRS990/NetUnrelatedBusinessTxblIncome00
IRS990/NonDeductibleContributions00
IRS990/NumberFormsTransmittedWith109600
IRS990/NumberIndependentVotingMembers010
IRS990/NumberIndividualsGT100K00
IRS990/NumberOfContractorsGT100K00
IRS990/NumberOfEmployees00
IRS990/NumberW2GIncluded00
IRS990/OfficerEntityWithBsnssRltnshp00
IRS990/OfficerMailingAddress00
IRS990/Organization501c30X
IRS990/OtherExpensePriorYear00
IRS990/OtherExpensesCurrentYear00
IRS990/OtherRevenueCurrentYear00
IRS990/OtherRevenuePriorYear00
IRS990/PartialLiquidation00
IRS990/PermanentlyRestrictedNetAssets/BOY04925505
IRS990/PermanentlyRestrictedNetAssets/EOY05014054
IRS990/PledgesAndGrantsReceivable/BOY0127753
IRS990/PledgesAndGrantsReceivable/EOY0194301
IRS990/PoliticalActivities00
IRS990/PremiumsPaid00
IRS990/PriorExcessBenefitTransaction00
IRS990/ProfessionalFundraising00
IRS990/ProgramServiceRevenueCY00
IRS990/ProgramServiceRevenuePriorYear00
IRS990/ProhibitedTaxShelterTrans00
IRS990/QuidProQuoContributions00
IRS990/ReconcilationOtherChanges00
IRS990/ReconcilationRevenueExpenses0548365
IRS990/ReconciliationUnrealizedInvest0-545846
IRS990/RegularMonitoringEnforcement01
IRS990/RelatedEntity01
IRS990/RelatedOrgControlledEntity00
IRS990/ReportFin48Footnote01
IRS990/ReportInvestOthSecurities00
IRS990/ReportLandBldgEquip00
IRS990/ReportOtherAssets00
IRS990/ReportOtherLiabilities00
IRS990/ReportProgRelInvest00
IRS990/Revenue00
IRS990/RevenuesLessExpensesCY0548365
IRS990/RevenuesLessExpensesPriorYear0-61086
IRS990/SalariesEtcCurrentYear00
IRS990/SalariesEtcPriorYear00
IRS990/SavingsAndTempCashInvestments/BOY02442
IRS990/SavingsAndTempCashInvestments/EOY021551
IRS990ScheduleA/CertificationCheckbox0X
IRS990ScheduleA/ContribBy35ControlledEntity00
IRS990ScheduleA/ContribByControllingIndividual00
IRS990ScheduleA/ContributionByRelatedParty00
IRS990ScheduleA/SumOfAmounts0227602
IRS990ScheduleA/SupportedOrgInformation/Amount0227602
IRS990ScheduleA/SupportedOrgInformation/EIN0596605703
IRS990ScheduleA/SupportedOrgInformation/ListedInGoverningDoc01
IRS990ScheduleA/SupportedOrgInformation/Name/BusinessNameLine10HODGES UNIVERSITY INC
IRS990ScheduleA/SupportedOrgInformation/OrganizedInUS01
IRS990ScheduleA/SupportedOrgInformation/SupportedOrganizationNotified01
IRS990ScheduleA/SupportedOrgInformation/TypeOfOrganization02
IRS990ScheduleA/SupportingOrg509a3Type20X
IRS990ScheduleA/SupportingOrganization509a30X
IRS990ScheduleA/TotalNumberOfSupportedOrgs01
IRS990ScheduleB/ContributorInfo/AggregateContributions0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/City0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/State0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNameBusiness/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNumber0RESTRICTED
IRS990/ScheduleBRequired01
IRS990ScheduleD/BoardDesignatedEOYBalance00.00000
IRS990ScheduleD/CurrentYear/BeginningOfYearBalance04552036
IRS990ScheduleD/CurrentYear/Contributions022001
IRS990ScheduleD/CurrentYear/EndOfYearBalance04503091
IRS990ScheduleD/CurrentYear/InvestmentEarningsOrLosses0156656
IRS990ScheduleD/CurrentYearMinus1Year/BeginningOfYearBalance04903023
IRS990ScheduleD/CurrentYearMinus1Year/Contributions071000
IRS990ScheduleD/CurrentYearMinus1Year/EndOfYearBalance04552036
IRS990ScheduleD/CurrentYearMinus1Year/InvestmentEarningsOrLosses0-271987
IRS990ScheduleD/CurrentYearMinus1Year/OtherExpenditures0150000
IRS990ScheduleD/CurrentYearMinus2Years/BeginningOfYearBalance03761576
IRS990ScheduleD/CurrentYearMinus2Years/Contributions0186662
IRS990ScheduleD/CurrentYearMinus2Years/EndOfYearBalance04903023
IRS990ScheduleD/CurrentYearMinus2Years/InvestmentEarningsOrLosses0954788
IRS990ScheduleD/CurrentYearMinus3Years/BeginningOfYearBalance02987724
IRS990ScheduleD/CurrentYearMinus3Years/Contributions0348001
IRS990ScheduleD/CurrentYearMinus3Years/EndOfYearBalance03761573
IRS990ScheduleD/CurrentYearMinus3Years/InvestmentEarningsOrLosses0425848
IRS990ScheduleD/CurrentYearMinus4Years/BeginningOfYearBalance03581361
IRS990ScheduleD/CurrentYearMinus4Years/Contributions0311651
IRS990ScheduleD/CurrentYearMinus4Years/EndOfYearBalance02987724
IRS990ScheduleD/CurrentYearMinus4Years/InvestmentEarningsOrLosses0-905288
IRS990ScheduleD/CurrentYear/OtherExpenditures0227602
IRS990ScheduleD/EndowmentsHeldByRelatedOrgs00
IRS990ScheduleD/EndowmentsHeldByUnrelatedOrgs00
IRS990ScheduleD/FootnoteInPartXIII0X
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THE HODGES UNIVERSITY FOUNDATION, INC. ENDOWMENT FUNDS ARE INVESTED TO PRODUCE GAINS THAT ARE TO BE DISTRIBUTED AS SUPPORT TO HODGES UNIVERSITY, INC. ACCORDING TO THE INVESTMENT AND PAYOUT POLICIES ADOPTED BY THE HODGES UNIVERSITY FOUNDATION, INC. BOARD OF DIRECTORS.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation1THE UNIVERSITY AND FOUNDATION ARE TAX-EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEY ARE NOT CONSIDERED A PRIVATE FOUNDATION AND CONTRIBUTIONS ARE CONSIDERED TAX DEDUCTIBLE. THE UNIVERSITY AND FOUNDATION ARE SUBJECT TO FEDERAL INCOME TAX ONLY ON NET UNRELATED BUSINESS INCOME UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FOR THE YEARS ENDED JUNE 30, 2013, THE UNIVERSITY AND FOUNDATION HAVE NO MATERIAL OBLIGATION FOR UNRELATED BUSINESS INCOME TAX, AND FOR THE YEAR ENDED JUNE 30, 2012, HAD NO OBLIGATION. THE UNIVERSITY AND FOUNDATION HAVE ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. AS A RESULT OF THE IMPLEMENTATION, THE UNIVERSITY AND FOUNDATION EVALUATED ITS TAX POSITIONS AND DETERMINED IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2013 AND 2012. THE UNIVERSITY AND FOUNDATION'S 2010 THROUGH 2012 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier1DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0PART V, LINE 4:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference1PART X, LINE 2:
IRS990ScheduleD/PermanentEndowmentEOYBalance01.00000
IRS990ScheduleD/TermEndowmentEOYBalance00.00000
IRS990ScheduleD/TotalOfBookValueLandBuildings00
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0SCHEDULE I, PART I, LINE 2: HODGES UNIVERSITY FOUNDATION MAINTAINS AN ENDOWMENT TO SUPPORT HODGES UNIVERSITY. THE ENDOWMENT CONTAINS FUNDS GIVEN IN GENERAL SUPPORT OF HODGES UNIVERSITY, AS WELL AS FUNDS DONATED FOR SPECIFIC PURPOSES, SUCH AS SCHOLARSHIPS. THE FUNDS PROVIDED ARE WITHIN THE CONSOLIDATED FINANCIAL STATEMENTS.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0PROCEDURE FOR MONITORING GRANTS IN THE U.S.:
IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference0PART I, LINE 2:
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine102655 NORTHBROOKE DRIVE
IRS990ScheduleI/RecipientTable/AddressUS/City0NAPLES
IRS990ScheduleI/RecipientTable/AddressUS/State0FL
IRS990ScheduleI/RecipientTable/AddressUS/ZIPCode034119
IRS990ScheduleI/RecipientTable/AmountOfCashGrant0227602
IRS990ScheduleI/RecipientTable/AmountOfNonCashAssistance00
IRS990ScheduleI/RecipientTable/DescriptionOfNonCashAssistance0N/A
IRS990ScheduleI/RecipientTable/EINOfRecipient0596605703
IRS990ScheduleI/RecipientTable/IRCSection0501(C)(3)
IRS990ScheduleI/RecipientTable/MethodOfValuation0N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrant0PROGRAM SUPPORT OF THE UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine10HODGES UNIVERSITY
IRS990ScheduleI/RecordsMaintained01
IRS990ScheduleI/TotalNbrOf501C3AndGovtGrants01
IRS990ScheduleI/TotalNbrOfOtherOrganizations00
IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation0AN EXECUTIVE COMMITTEE OF NOT LESS THAN THREE AND NO MORE THAN SIX DIRECTORS MAY BE APPOINTED BY THE BOARD OF DIRECTORS FOR SPECIFIC PERIODS OF TIME. AT LEAST ONE OFFICER OF THE BOARD OF DIRECTORS IS APPOINTED TO THE EXECUTIVE COMMITTEE AND ATTENDS AND PRESIDES AT ALL MEETINGS. THE PRESIDENT OF HODGES UNIVERSITY, INC. SERVES AS A MEMBER OF THE EXECUTIVE COMMITTEE. THE PURPOSE OF THE EXECUTIVE COMMITTEE IS TO REPRESENT THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE PROPERTY AND BUSINESS OF THE FOUNDATION WHEN THE BOARD OF DIRECTORS IS NOT IN SESSION. ALL EXECUTIVE COMMITTEE ACTION TAKEN MUST BE RATIFIED BY THE BOARD OF DIRECTORS AT THEIR NEXT MEETING.
IRS990ScheduleO/GeneralExplanation/Explanation1FREDERICK NERONE, AND PHILIP MEMOLI HAVE A BUSINESS RELATIONSHIP.
IRS990ScheduleO/GeneralExplanation/Explanation2THE BOARD OF TRUSTEES OF HODGES UNIVERSITY, INC. IS THE SOLE MEMBER OF THE FOUNDATION.
IRS990ScheduleO/GeneralExplanation/Explanation3THE BOARD OF TRUSTEES OF HODGES UNIVERSITY, INC, AS SOLE MEMBER OF THE FOUNDATION, MAY APPOINT OR REMOVE DIRECTORS IN ACCORDANCE WITH THE FOUNDATION'S ARTICLES OF INCORPORATION.
IRS990ScheduleO/GeneralExplanation/Explanation4THE BOARD OF TRUSTEES OF HODGES UNIVERSITY, INC, AS SOLE MEMBER OF THE FOUNDATION, MAY RECEIVE RECOMMENDATIONS FOR AMENDMENTS OF THE ARTICLES OF INCORPORATION, BY-LAWS OR NOMINATIONS FOR APPOINTMENTS TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation5MANAGEMENT WILL UNDERTAKE A COMPREHENSIVE REVIEW OF THE FORM 990 AND ITS SCHEDULES IMMEDIATELY UPON ITS COMPLETION, AND WILL ADDRESS ALL OF ITS QUESTIONS AND CONCERNS WITH THE PREPARER. THE ENTIRE GOVERNING BOARD WILL REVIEW THE RETURN PRIOR TO FILING.
IRS990ScheduleO/GeneralExplanation/Explanation6ALL TRUSTEES, OFFICERS AND KEY EMPLOYEES OF THE UNIVERSITY ARE REQUIRED TO SUBMIT ANNUAL DISCLOSURE STATEMENTS. THE STATEMENTS ARE REVIEWED BY THE SENIOR MANAGEMENT AND THE INDEPENDENT AUDITOR TO DETERMINE IF ANY RELATIONSHIPS NEED TO BE DISCLOSED IN THE AUDITED FINANCIAL STATEMENTS OR THE FORM 990. IN CASE OF ANY POTENTIAL REAL OR PERCEIVED CONFLICT OF INTEREST, AFFILIATED PERSONS ARE EXPECTED TO DISCLOSE THE CONFLICT IN ADVANCE. ONCE SUCH A DISCLOSURE HAS BEEN MADE, THE CHAIRMAN OF THE BOARD OF TRUSTEES SHALL DETERMINE WHETHER OR NOT THERE IS A POTENTIAL CONFLICT OF INTEREST. IF IT IS DETERMINED THAT THERE IS A POTENTIAL CONFLICT OF INTEREST, THE AFFILIATED PERSON INVOLVED SHALL ABSTAIN FROM VOTING AND SHALL NOT PARTICIPATE IN THE DISCUSSION OF THE MATTER AT ISSUE EXCEPT TO STATE BRIEFLY HIS OR HER POSITION IN THE MATTER AND TO ANSWER SPECIFIC QUESTIONS. THIS ABSTENTION SHALL BE REFLECTED IN THE MEETING MINUTES.
IRS990ScheduleO/GeneralExplanation/Explanation7NO EMPLOYEES ARE PAID BY THE ORGANIZATION. OFFICERS' COMPENSATION OF THE RELATED ORGANIZATION, HODGES UNIVERSITY, INC. IS DETERMINED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, WHICH CONSIDERS COMPARABILITY DATA AMONG MANY OTHER FACTORS. MINUTES ARE PRODUCED AT EACH MEETING OF THE COMMITTEE AND THEIR RECOMMENDATIONS MUST BE APPROVED BY THE FULL BOARD OF TRUSTEES.
IRS990ScheduleO/GeneralExplanation/Explanation8THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 1
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART VI, SECTION C, LINE 19
IRS990/ScheduleORequired01
IRS990ScheduleR/DividendsRelatedOrganization00
IRS990ScheduleR/ExchangeOfAssets00
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine102655 NORTHBROOKE DRIVE
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City0NAPLES
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State0FL
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode034119
IRS990ScheduleR/Form990ScheduleRPartII/ControlledOrg00
IRS990ScheduleR/Form990ScheduleRPartII/DirectControllingEntityNA0N/A
IRS990ScheduleR/Form990ScheduleRPartII/EIN0596605703
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection0501(C)(3)
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState0FL
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine10HODGES UNIVERSITY INC
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities0EDUCATION INSTITUTION
IRS990ScheduleR/Form990ScheduleRPartII/PublicCharityStatus0LINE 2
IRS990ScheduleR/GiftGrantOrCapContrFrOtherOrg00
IRS990ScheduleR/GiftGrantOrCapContrToOtherOrg01
IRS990ScheduleR/LoansOrGuaranteesFromOtherOrg00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrg00
IRS990ScheduleR/OtherTransferFromOtherOrg00
IRS990ScheduleR/OtherTransferToOtherOrg00
IRS990ScheduleR/PerformOfServicesByOtherOrgs01
IRS990ScheduleR/PerformOfServicesForOtherOrgs01
IRS990ScheduleR/PurchaseOfAssetsFromOtherOrg00
IRS990ScheduleR/ReceiptOfIntAnnRentsRoyalties00
IRS990ScheduleR/ReimbursementPaidByOtherOrg00
IRS990ScheduleR/ReimbursementPaidToOtherOrg00
IRS990ScheduleR/RentalOfFacilitiesFrOtherOrgs00
IRS990ScheduleR/RentalOfFacilitiesToOtherOrgs00
IRS990ScheduleR/SaleOfAssetsToOtherOrg00
IRS990ScheduleR/SharingOfFacilities01
IRS990ScheduleR/SharingOfPaidEmployees01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0FL
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments01
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine102655 NORTHBROOKE DRIVE
IRS990/TheBooksAreInCareOf/AddressUS/City0NAPLES
IRS990/TheBooksAreInCareOf/AddressUS/State0FL
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode034119
IRS990/TheBooksAreInCareOf/NamePerson0ERICA M TILLERY
IRS990/TheBooksAreInCareOf/TelephoneNumber08004668017
IRS990/TotalAssets/BOY04674359
IRS990/TotalAssetsBOY04674359
IRS990/TotalAssets/EOY04676878
IRS990/TotalAssetsEOY04676878
IRS990/TotalCompGT150K00
IRS990/TotalContributions088549
IRS990/TotalExpensesCurrentYear0227602
IRS990/TotalExpensesPriorYear0150000
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral00
IRS990/TotalFunctionalExpenses/ProgramServices0227602
IRS990/TotalFunctionalExpenses/Total0227602
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY00
IRS990/TotalLiabilitiesBOY00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$4,676,878
Liabilities
$0
Net assets
$4,676,878
Revenue
$775,967
Expenses
$227,602
Net income
$548,365
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.68$0.00$4.68$0.78$0.23$0.55
2012Summary only. Only limited summary data is available for this year.$4.67$0.00$4.67$0.09$0.15$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.01$0.00$5.01$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.88$0.00$3.88$0.00