Exempt Organization Business Income Tax Return

Transcription

1 Form OMB No (and proxy tax under section 6033(e)) For calendar year 2015 or other tax year beginning JUL 1, 2015, and ending JUN 30, Information about Form 0-T and its instructions is available at Department of the Treasury Open to Public Inspection for Internal Revenue Service Do not enter SSN numbers on this form as it may be made public if your organization is a 501(c). 501(c) Organizations Only DEmployer identification number A Check box if Name of organization ( Check box if name changed and see instructions.) (Employees trust, see address changed THE FLORIDA STATE UNIVERSITY FOUNDATION, instructions.) B Exempt under section Print INC X 501( c )( 3 ) or E Unrelated business activity codes Number, street, and room or suite no. If a P.O. box, see instructions. (See instructions.) Type 408(e) 220(e) 2010 LEVY AVE, BLDG B, NO. 300 Book value of all assets C at end of year F Group exemption number (See instructions.) 652,862,288. G Check organization type X 501(c) corporation 501(c) trust 401(a) trust Other trust H Describe the organization s primary unrelated business activity. UNRELATED PASSIVE INCOME ACTIVITIES I During the tax year, was the corporation a subsidiary in an affiliated group or a parent-subsidiary controlled group? ~~~~~~ Yes X No If "Yes," enter the name and identifying number of the parent corporation. J The books are in care of HOLLY NEWELL Telephone number Part I Unrelated Trade or Business Income (A) Income (B) Expenses (C) Net 1 a Gross receipts or sales b b c Less returns and allowances c Balance ~~~ 12 Other (See instructions; attach schedule) ~~~~~~~~~~~~ Total. Combine lines 3 through , , ,717. Part II Deductions Not Taken Elsewhere (See instructions for limitations on deductions.) (Except for contributions, deductions must be directly connected with the unrelated business.) T 408A 530(a) City or town, state or province, country, and ZIP or foreign postal code 52(a) TALLAHASSEE, FL Cost of goods sold (Schedule A, line 7) ~~~~ Gross profit. Subtract line 2 from line 1c ~~~ 4 a Capital gain net (attach Schedule D) ~~ Net gain (loss) (Form 477, Part II, line 17) (attach Form 477) ~~~~~~ Capital loss deduction for trusts ~~~~~~~ Income (loss) from partnerships and S corporations (attach statement) ~~~ Rent (Schedule C) ~~~~~~~~~ Unrelated debt-financed (Schedule E) ~ Interest, annuities, royalties, and rents from controlled organizations (Sch. F)~ Investment of a section 501(c)(7), (), or (17) organization (Schedule G) Exploited exempt activity (Schedule I) ~ Advertising (Schedule J) ~~~~~~~ Compensation of officers, directors, and trustees (Schedule K) ~~~ Salaries and wages ~~~~~~~~~ Repairs and maintenance Bad debts Interest ~~~~~~ ~~~~~~ Taxes and licenses ~~~~~~~~~ Charitable contributions (See instructions for limitation rules) ~~~ 20 Depreciation (attach Form 4562) ~~ 21 33,608. Less depreciation claimed on Schedule A and elsewhere on return 22a 33, b 0. Depletion Contributions to deferred compensation plans Exempt Organization Business Income Tax Return Total deductions. Add lines 14 through 28 ~~~~~~~~~~ Unrelated business taxable before net operating loss deduction. Subtract line 2 from line 13 ~~~~~~~~~~~~ Net operating loss deduction (limited to the amount on line 30) ~~~ SEE STATEMENT4 34 Unrelated business taxable. Subtract line 33 from line 32. If line 33 is greater than line 32, enter the smaller of zero or line LHA For Paperwork Reduction Act Notice, see instructions. 1c 2 3 4a 4b 4c ,025,758. STMT3-1,025,758. ~~~~~~~~~~ Employee benefit programs ~~~~~ Excess exempt expenses (Schedule I) ~ Excess readership costs (Schedule J) ~ Other deductions ~~ Unrelated business taxable before specific deduction. Subtract line 31 from line 30 ~~~~ Specific deduction (Generally $1,000, but see line 33 instructions for exceptions) ~~~~~~~~ 206, ,88. 26,203.,721. 1,883. 7, ,37. 6,37. -8, ,654. 1, ,654. Form 0-T (2015) 60

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3 THE FLORIDA STATE UNIVERSITY FOUNDATION, Form 0-T (2015) INC Page Schedule C - Rent Income (From Real Property and Personal Property Leased With Real Property) (see instructions) 3 1. Description of property (a) 2. From personal property (if the percentage of rent for personal property is more than 10 but not more than 50) Rent received or accrued (b) From real and personal property (if the percentage of rent for personal property exceeds 50 or if the rent is based on profit or ) Deductions directly connected with the in columns 2(a) and 2(b) Total 0. Total 0. (c) Total. Add totals of columns 2(a) and 2(b). Enter (b) Total deductions. here and on line 6, column (A) 0. Part I, line 6, column (B) 0. Schedule E - Unrelated Debt-Financed Income (see instructions) 3. Deductions directly connected with or allocable 2. Gross from to debt-financed property 1. Description of debt-financed property or allocable to debtfinanced property (a) Straight line depreciation (b) Other deductions SEE STATEMENT6 SEE STATEMENT 7 RENTAL OF FICPA BUILDING 206, , , Amount of average acquisition 5. Average adjusted basis 6. Column 4 divided 7. Gross 8. Allocable deductions debt on or allocable to debt-financed of or allocable to by column 5 reportable (column (column 6 x total of columns property debt-financed property 2 x column 6) 3(a) and 3(b)) SEE STATEMENT 8 SEE STATEMENT 4,042,334. 2,005, , ,88. Part I, line 7, column (A). Part I, line 7, column (B). Totals ~~ 206, ,88. Total dividends-received deductions included in column 8 0. Schedule F - Interest, Annuities, Royalties, and Rents From Controlled Organizations (see instructions) Exempt Controlled Organizations 1. Name of controlled organization Part of column 4 that is 6. Deductions directly Employer identification Net unrelated Total of specified included in the controlling connected with number (loss) (see instructions) payments made organization s gross in column 5 3(a) Nonexempt Controlled Organizations 7. Taxable Income 8. Net unrelated (loss). Total of specified payments 10. Part of column that is included 11. Deductions directly connected (see instructions) made in the controlling organization s with in column 10 gross Add columns 5 and 10. Part I, line 8, column (A). Add columns 6 and 11. Part I, line 8, column (B). Totals J Form 0-T (2015) 62

4 THE FLORIDA STATE UNIVERSITY FOUNDATION, Form 0-T (2015) INC Schedule G - Investment Income of a Section 501(c)(7), (), or (17) Organization (see instructions) 1. Description of exploited activity 1. Description of 2. Amount of 2. Gross unrelated business from trade or business line 10, col. (A). 3. Expenses directly connected with production of unrelated business line 10, col. (B). Part I, line, column (A). 4. Net (loss) from unrelated trade or business (column 2 minus column 3). If a gain, compute cols. 5 through Deductions Total deductions directly connected 4. Set-asides 5. and set-asides (col. 3 plus col. 4) 5. Gross 6. Expenses from activity that attributable to is not unrelated column 5 business Part I, line, column (B). Totals Schedule I - Exploited Exempt Activity Income, Other Than Advertising Income (see instructions) 7. Excess exempt expenses (column 6 minus column 5, but not more than column 4). Enter here and on page 1, Part II, line 26. Totals Schedule J - Advertising Income (see instructions) Part I Income From Periodicals Reported on a Consolidated Basis Page 4 1. Name of periodical 2. Gross 3. Direct advertising advertising costs 4. Advertising gain or (loss) (col. 2 minus col. 3). If a gain, compute cols. 5 through Circulation 6. Readership costs 7. Excess readership costs (column 6 minus column 5, but not more than column 4). Totals (carry to Part II, line (5)) Part II Income From Periodicals Reported on a Separate Basis (For each periodical listed in Part II, fill in columns 2 through 7 on a line-by-line basis.) Totals from Part I Name of periodical 2. Gross 3. Direct advertising advertising costs line 11, col. (A). line 11, col. (B). 4. Advertising gain or (loss) (col. 2 minus col. 3). If a gain, compute cols. 5 through Circulation 6. Readership costs 7. Excess readership costs (column 6 minus column 5, but not more than column 4). STATE NEWSLETTER,721. 1,883. 7,838. 6,37. 6,37. Enter here and on page 1, Part II, line 27. Totals, Part II (lines 1-5),721. 1,883. 6,37. Schedule K - Compensation of Officers, Directors, and Trustees (see instructions) 3. Percent of 4. Compensation attributable Title time devoted to 1. Name 2. to unrelated business business Total. Part II, line Form 0-T (2015) 63

5 THE FLORIDA STATE UNIVERSITY FOUNDATION, } }}}}}}}}}} FORM 0-T INCOME (LOSS) FROM PARTNERSHIPS STATEMENT 3 AND S CORPORATIONS DESCRIPTION AMOUNT }}}}}}}}}}} } COMMONFUND CAPITAL INTERNATIONAL PARTNERS 1,428. COMMONFUND CAPITAL NATURAL RESOURCES PARTNERS -10,048. COMMONFUND CAPITAL PRIVATE EQUITY PARTNERS -13,12. COMMONFUND CAPITAL VENTURES PARTNERS CROSSHARBOR INSTITUTIONAL PARTNERS 2014, LP -80. ENR PARTNERS LP -40,778. KAYNE ANDERSON ENERGY FUND VI LP -304,24. METROPOLITAN REAL ESTATE PARTNERS VI, LP 38,506. METROPOLITAN REAL ESTATE PARTNERS VII, LP -7,035. PARK STREET CAPITAL PRIVATE EQUITY FUND -32,314. THE VARDE FUND X,46. WESTBROOK REAL ESTATE FUND IX LP 38,64. ENCAP FLATROCK MIDSTREAM FUND II -553,558. ENCAP FLATROCK MIDSTREAM FUND III -52,62. } TOTAL TO FORM 0-T, PAGE 1, LINE 5-1,025,758. ~ FORM 0-T NET OPERATING LOSS DEDUCTION STATEMENT 4 LOSS PREVIOUSLY LOSS AVAILABLE TAX YEAR LOSS SUSTAINED APPLIED REMAINING THIS YEAR }}}}}}}} } } } } 06/30/13 102, , , /30/14 31, ,62. 31,62. 06/30/15 41, ,082. } 41,082. } NOL CARRYOVER AVAILABLE THIS YEAR 841,8. 841,8. ~ ~ FORM 0-T NAME OF FOREIGN COUNTRY IN WHICH STATEMENT 5 ORGANIZATION HAS FINANCIAL INTEREST NAME OF COUNTRY }} BERMUDA CAYMAN ISLANDS BRITISH VIRGIN IS IRELAND 64 STATEMENT(S) 3, 4, 5

6 THE FLORIDA STATE UNIVERSITY FOUNDATION, } }}}}}}}}}} FORM 0-T SCHEDULE E - DEPRECIATION DEDUCTION STATEMENT 6 }}}}}}}}}}} }}}}}}}} } DEPRECIATION 33, SUBTOTAL ,608. TOTAL OF FORM 0-T, SCHEDULE E, COLUMN 3(A) 33,608. FORM 0-T SCHEDULE E - OTHER DEDUCTIONS STATEMENT 7 }}}}}}}}}}} }}}}}}}} } INTEREST 6,570. SUPPLIES 880. EQUIPMENT RENTAL 35. PROFESSIONAL SERVICES 24,106. REPAIRS & MAINTENANCE 13,878. UTILITIES 1,273. INSURANCE 18, SUBTOTAL ,20. TOTAL OF FORM 0-T, SCHEDULE E, COLUMN 3(B) 146,20. FORM 0-T AVERAGE ACQUISITION DEBT ON OR STATEMENT 8 ALLOCABLE TO DEBT-FINANCED PROPERTY }}}}}}}}}}} }}}}}}}} } AVERAGE ACQUISITION INDEBTEDNESS 4,042, SUBTOTAL - 1 4,042,334. TOTAL OF FORM 0-T, SCHEDULE E, COLUMN 4 4,042, STATEMENT(S) 6, 7, 8

7 THE FLORIDA STATE UNIVERSITY FOUNDATION, } }}}}}}}}}} FORM 0-T AVERAGE ADJUSTED BASIS OF OR STATEMENT ALLOCABLE TO DEBT-FINANCED PROPERTY }}}}}}}}}}} }}}}}}}} } AVERAGE ADJUSTED BASIS 2,005, SUBTOTAL - 1 2,005,638. TOTAL OF FORM 0-T, SCHEDULE E, COLUMN 5 2,005, STATEMENT(S)