Organizations Filed Purposes:
The Corporation was formed exclusively to receive, hold, invest and administer property and to make expenditures to or for the benefit of the University of South Florida (USF). The organization is a direct support organization of USF pursuant to Section 1004.28, Florida Statutes. The organization provides and constructs facilities for USF and assists in carrying out and supporting its educational purposes by providing access to such facilities to members of the public, the students, the faculty and the staff of USF.
The Corporation was formed exclusively to receive, hold, invest and administer property for the benefit of the University of South Florida. The organization supports the University's educational purposes by providing facilities to members of the public, students, faculty and staff.
The Corporation holds title to and manages the related outstanding debt for multiple facilities on behalf of University of South Florida Housing and Athletics auxiliary units. Facilities include multiple residence halls, a parking garage, a student center and multiple athletics facilities. Outstanding debt related to University of South Florida Housing, Marshall Student Center, and Athletics auxiliary units was $252,132,869 as of June 30, 2020.
The Corporation holds title to and manages the related outstanding debt for multiple facilities on behalf of University of South Florida component units, including University Medical Service Association, Inc., USF Health Professions Conferencing Corporation and USF Research Foundation, Inc. Facilities include various medical and research facilities. Outstanding debt related to the medical and research facilities was $94,718,143 as of June 30, 2020.
The Corporation entered into a Subscription Agreement with a Florida for-profit corporation, whereby the Corporation subscribed for and purchased five hundred shares of common stock. The acquisition of shares was for investment purposes only and not for resale or distribution. The Corporation received opinions from its bond counsel and tax counsel expressing that the Corporation is permitted to own 50% interest in the for-profit corporation and that holding 50% interest will not conflict with or cause a breach under the covenants or agreements which are contained in the Corporation's bond documents. All of the for-profit corporation's activities are deemed to be substantially related to the Corporation's tax-exempt purpose. The Corporation is capable of providing and constructing facilities for the benefit of the for-profit corporation once agreed-upon milestones have been met. Access to such facilities will be provided to members of the public, the students, the faculty and the staff of the University. During fiscal year 2020, the Corporation transferred excess funds from a prior distribution from INTO USF to USF Foundation, Inc., a supporting organization of the University of South Florida.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Judy Genshaft | Former Director, Former USF President | 1 | $0 |
| John W Long | Former Director, Former COO | 1 | $0 |
| Hilary Black | Assistant Secretary | 1 | $0 |
| Fell L Stubbs | Executive Director | 10 | $0 |
| Dawn M Rodriguez | Assistant Secretary | 1 | $0 |
| Steven C Currall | Director, USF President | 1 | $0 |
| Steven A Williamson | Director | 1 | $0 |
| Jose E Valiente | Director | 1 | $0 |
| David E Lechner | Director, USF Sr. Vice President | 1 | $0 |
| Richard D Smith | Director, Secretary/Treasurer | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202111339349303151_public.xml