2022 Seminole Boosters End of Year Report

MICHAEL ALFORD Vice President & Director of Athletics

Florida State University

Dear Seminole Boosters,

Contained in this report are highlights of the many outstanding accomplishments by our student-athletes and teams over the 2021-22 season. As devoted and connected supporters, many of the achievements will be familiar and collectively illustrate our comprehensive success.

Additionally noted is the remarkable success of our student-athletes in the classroom and the community, and I invite you to pay particular attention to the record-breaking performance in the classroom achieved last year. It is a great source of pride for our institution and should be an inspiration to all Seminole fans. As you know, your contributions provide direct support to the academic mission of the department.

Our commitment to being national leaders in all three areas (athletics, academics, community service) is stronger than ever and that is the primary reason I have been as outspoken as I have been regarding maximizing Florida State’s revenue through all means possible.

The support of Seminole Boosters—your support—for our athletics program and our beloved institution has never waivered which is a quality that sets us apart from other schools and links us together with the Unconquered mindset.

I sincerely thank all of you on behalf of our student-athletes, coaches and staff for your generous support of FSU Athletics and Seminole Boosters. We repeat it often but it is the simple truth, Seminole Athletics would not and could not be among the best programs in the country without your support.

Thank you, again, for everything you do for all of us every day, and GO NOLES!

Michael Alford Vice President & Director of Athletics, Florida State University

STEPHEN PONDER

President & CEO

Seminole Boosters, Inc.

Together we are growing. Seminole Boosters continued to thrive in 2021-22. Strong partnerships from committed donors allowed us to deliver more than $27 Million in direct support to Florida State University Athletics.

Donor support provides scholarships, facilities, personal development, and a world-class educational opportunity to each student-athlete during their time at FSU.

Seminole Boosters reached new fundraising heights in 2021-22, and this fiscal year is looking to be even better. With our university and athletic program remaining strong, we look forward to continued success throughout this year and into the future.

With that said, enclosed you will find our 2021-22 financial update, including an overall summary, campaign update, which includes endowment, facility, estate planning, annual fund, and Coaches Clubs. We hope this report shows the impact of your generosity. If you have questions about a specific fund, please contact J.P. Sinclair, Seminole Boosters Chief Financial Officer at (850) 644-3484 or jpsinclair@fsu.edu.

This month marks one year as CEO of Seminole Boosters; I’m honored to be a part of our strong tradition and excited about the opportunities ahead. I’m grateful to our Board of Directors and the many supporters I’ve met thus far. On behalf of the entire Seminole Boosters staff, thank you for your loyal support.

Go Noles!

Stephen Ponder President & Chief Executive Officer, Seminole Boosters, Inc.

MISSION VISION

Provide opportunities for students to develop in strength, skill, and character through supporting the financial needs of Florida State University Athletics by cultivating relationships within the FSU community.

To build personal, long lasting relationships with every student, fan, and alumni while inspiring the success of the entire Florida State community through Athletics.

VALUES Principles

Bold

To continually seek new opportunities to improve, innovate, and take risks.

Integrity

Lead ourselves with transparency, honor, and respect for our constituents and the Florida State University brand.

Teamwork

Collaborate respectfully with donors, coworkers, and the university to solve problems, enhance the performance of others, and support the team goals.

Excellence

Uphold a high standard of professionalism by developing a daily process through attention to detail, attitude, approach, and appearance.

Service

Creating an outlook that focuses on loyalty, trust, and value, and puts the needs of our staff and constituents at the forefront of the organization.

Be the personal connection to fans and donors to FSU Athletics through service and stewardship

Promote and protect the long-term prosperity of Florida State University

Explore multiple points of view both internal and external to the University

Provide opportunities to allow students to pursue their educational and athletic goals

Steward the resources provided by our constituents

Respect others, make every effort to understand each other, take responsibility, and do our best to create mutual trust

Compete, win, and be champions

SEMINOLE BOOSTER MEMBER CONNECTIONS

STUDENT-ATHLETE ACADEMIC SUCCESS SUMMARY

FALL 2021 AND SPRING 2022

DEAN’S LIST

FALL 2021 - 129 SPRING 2022 - 105

PRESIDENT’S LIST

FALL 2021 - 47 SPRING 2022 - 41

NUMBER OF TEAMS ABOVE A 3.0

FALL 2021 - 13 SPRING 2022 - 15

NUMBER OF STUDENT-ATHLETES WITH 3.0 OR ABOVE

FALL 2021 - 309 SPRING 2022 - 324

CUMULATIVE GPA

3.183

CUMULATIVE

GPA

3.197 Fall 2021

Spring2022

YEAR IN REVIEW

FINANCIAL STATEMENT SUMMARY

Overall, Seminole Boosters, Inc. provided more than $16.3 million in cash to the athletics department to help fund scholarships and operations, plus funded $10.7 million related to athletic facilities on behalf of the department. Please note, the revenue numbers expressed on this page include pledges and do not reflect cash collected during this period. Additionally, the expenses include cash spent during the year that could have been collected during a previous period.

REVENUES AS OF

JUNE 30, 2022

$66,785,922

EXPENSES

AS

OF JUNE 30, 2022

$79,490,940

Contributions - $32,840,032

Consists of pledges made during the year towards Annual Fund, Capital Projects, Coaches Clubs and Endowments. Some pledges are going to be collected over multiple years.

Charges for Services - $4,477,940

Consists of revenues related to the operation of the University Center Club and Stadium Concessions.

Royalties - $3,574,504

Consists of revenues received for the sale of licensed products.

Interest Income - $5,184,818

Consists of interest and investment return received.

Other Revenues - $9,337,555

Consists of revenues from the operations of Champions Hall, Burt Reynolds Hall, College Town III, and other events held during the year.

Skybox & Club - $9,521,073

Consists of ticket sales revenue for the Skybox Suites and Dunlap Champions Club for the 2021 football season.

Rent Income – Stadium Lease - $1,850,000

Consists of revenue received as part of the Lease Agreement with the Athletics Department.

Program Services - $57,137,033

Consists of transfers directly to FSU Department of Intercollegiate Athletics, Operation of University Center Club, Champions Hall, Burt Reynolds Hall, and College Town III.

Support Services - $7,111,343

Consists of expenses paid for the operations of the Seminole Boosters.

Interest Expense - $6,788,400

Consists of amounts paid related to outstanding debt held by the Seminole Boosters from facility construction.

Other Expenses - $3,549,474

Consists of realized losses on the sale of real estate assets, and property holding expenses.

Pledge Write-Offs - $813,695

Consists of pledges previously recognized as revenue that we have determined are not collectible.

Investment Loss - $4,090,995

During FY22, the reduction in net assets is related to the acquisition of College Town Phase II from outside investors.

HOSTED OVER DONORS DONORS

100

donor events attended by over

5,000 DONORS

FLORIDA IS # 1

in all 50 states from every county in Florida

LEON COUNTY IS # 1

154 different funds or initiatives RECEIVED CONTRIBUTIONS

Revenue Source

ANNUAL FUND

58% of donors are FSU Alumni

FUNDRAISING HIGHLIGHTS #1 #2 Over

DUNLAP FOOTBALL CENTER

1,100

Student Members

ENDOWMENT REPORT

Florida State’s endowment is ever-growing and consists of 702 funds that ensure the financial stability of the Athletic Department. The contributions from those funds are invested collectively through Seminole Boosters, Inc., and a portion of the total earnings is transferred each year to help cover the cost of our athletic scholarships. These funds help Florida State Athletics maintain a competitive edge in attracting and retaining top student-athletes and enable our programs to continue to grow and enrich the lives of all student-athletes who step foot on our campus.

2021/2022 SCHOLARSHIP COMMITMENTS

$295,990

2021/2022 SCHOLARSHIP PAYMENTS

$2,513,004

The chart above represents the fair market value of the endowment for each fiscal year over a five-year period. As of June 30, 2022 the Seminole Boosters, Inc. Athletic Scholarship Fund consisted of a total of 702 endowments. The total market value of the endowment accounts on June 30, 2022 was $79 million.

Total Endowment Activity Financial Statement

July 1, 2021 - June 30, 2022

2021-2022 ENDOWMENT HIGHLIGHTS

7/1/21 - 6/30/22:

The Seminole Boosters Athletic Scholarship Endowment increased by $4.6 million to $78.7 million. Seminole Boosters provided a total of $12.4 million in 2021 for Athletic Department Scholarships, with $2.5 million coming directly from the Seminole Boosters Athletic Scholarship Endowment.

In the past five years:

The Seminole Boosters Athletic Scholarship Endowment Asset Value increased by $8.4 million. Over the five-year period ending June 30, 2022, Seminole Boosters, Inc. provided a total of $57.2 million for Athletic Department Scholarships, with $10.7 million coming directly from the Seminole Boosters Athletic Scholarship Endowment.

Deferred Giving: This endowment report is reflective of current assets under management. Any deferred commitments towards the endowment are currently recognized in the Custodes Lampadis Society and will not receive endowment reports or be included in the endowment total until realized.

Real Estate: Endowment real estate was appraised during the 2022 fiscal year and all changes in value have been recorded.

GLOSSARY OF TERMS RELATED TO FINANCIAL SUMMARY

Market Value of Endowment: Value of the endowment at a point in time.

Total Gifts Received: The sum of gifts received for the fiscal year ending June 30, 2022.

Net Appreciation: The realized and unrealized gains and losses earned by the Seminole Boosters Athletic Scholarship Endowment Fund for the fiscal year ending June 30, 2022.

Net Expenditures: The expenditures and Seminole Boosters, Inc. administrative fee paid for the fiscal year ending June 30, 2022.

From July 1, 2021 until June 30, 2022, $295,990 was pledged specifically to help grow our endowment with $2.5 million in contributions collected. The following people have made significant contributions of $50,000 or more to our endowment program during the 2021-2022 fiscal year:

• FSU Varsity Club

• John Keaton

• The Ryals McMullian Family

FACILITIES

Our commitment to excellence, both in the classroom and in competition, includes modern facilities that meet the needs of student-athletes and staff while providing a world-class experience. Seminole

Boosters continues to place a strong focus on enhancing our facilities for our student-athletes and supporters. Projects were completed at softball, soccer, football, and fundraising continues for team needs across all sports including the Dunlap Football Center.

2021/2022 FACILITY COMMITMENTS

2021/2022 FACILITY PAYMENTS

$11,218,760

Basketball $502,847

Baseball $241,088

$11,754,512 Football $8,083,791 Volleyball $25,000

Swimming $123,311

Softball $470,110

Soccer $330,841

Golf

$258,173

Unrestricted $1,719,350

PAYMENTS RECEIVED BY SPORT

Construction of new seating areas at softball began in May 2022.

Soccer scoreboard

Softball scoreboard

The Albert J. and Judith A. Dunlap Football Center

In the past year, more than $11.2 million was pledged to make these and other facility projects happen, with $11.7 million in contributions collected. We thank our supporters who share a passion for these sports and helped us make this investment in current and future Seminoles. The following contributors have made significant investments of $50,000 or more specifically to facility projects during the 2021-2022 fiscal year:

• Clay and Lauren Adkinson, Jr.

• Les and Ruth Akers

• Tillie A. Allen

• Gordon and Mary Owen Thames

• John Dees

• Robbie and Kris Blankenship

• Yvonne and Stephen T. Brown

• The Burr Family

• Jimmie and Donna Callaway

• The Champion Family

• Jeremy and Veda Cloud

• Dr. Raymond Cottrell

• Joel, Josiah and Elijah Davis

• The Feinberg Family

• Graham and Brittany Gano

• Benjamin Gantt

• Heritage MGA, LLC

• Sean and Angela Higbea

• John and Victor Holcomb

• Rob and Margarita Koblasz

• Russell T. Kohl

• Lawton and Beth Langford

• Brett and Cindy Lindquist

• Ben and Christina Macfarland

• Joe McGee

• Billy and Hollace McPhillips

• Russ and Genie Morcom

• Parrish and Cat Owens

• Jim Owens

• Brett C. Powell

• Paul Prescott

• Felicia and Brian Rawlin

• John and Janie Robinson

• Bob and Pam Sasser

• Michael and Cambria Smith

• Steve Templeton

• Philip and Deirdre Troyer

• Nada Cenanovic Usina

• Scott D. Wilson

The following Seminoles have committed to leave a lasting legacy through their planned giving of at least $50,000 or more:

• Mattox S. Hair

• Peter and Mary Lee Jones

• Keith and Patricia Sigmon

• Don and Aggie Steiner

UNRESTRICTED GIVING

Unrestricted commitments are more important than ever before in helping to fund the priorities of the Athletic Department. Unrestricted funds provide the flexibility for FSUAA leadership to identify areas where they can have the greatest impact. Unlike facility or endowment gifts, unrestricted commitments are not earmarked for a specific designation and can therefore go to work immediately in core areas to support our student-athletes and coaches as well as the athletic facilities. They can also help to cover operating costs that are accrued throughout the academic year. By providing Florida State with a steady stream of discretionary monies, unrestricted dollars enable the Athletic Department to fund recurring costs and to address unforeseen challenges as they arise.

2021/2022

UNRESTRICTED COMMITMENTS

$214,279

2021/2022

UNRESTRICTED PAYMENTS

$209,084

ANNUAL FUND

The annual fund continued to serve as the fundraising priority in 2022 with an emphasis on increasing overall membership. We continued our plan of personal outreach to former members and qualified prospects to grow annual membership. The 2022 annual fund drive had three main objectives: Increase the renewal rate to 90% or higher, increase the number of new members, and increase members in Leon County. The annual fund grew in both pledges and members in 2022!

WHERE YOUR DONATION GOES:

SCHOLARSHIPS SPORTS MEDICINE STRENGTH & CONDITIONING

246.2 scholarships for 500 student-athletes across all 20 sports

COST: $11.6M annually

Comprehensive anatomical health, plus injury prevention and rehabilitation program for all teams.

COST: $3.5M annually

NUMBER OF DONORS WHO ARE ALUMNI

7,092

12,344 TOTAL MEMBERS

Complete performance based strength and speed program for all teams.

COST: $650K annually

$17.1 MILLION TOTAL PLEDGES

Total nutritional program geared towards performance goals for all teams.

COST: $675K annually

All the tools needed to achieve peak performance for all teams.

COST: $1.2M annually (pluscontributionsfrom Nikeperourcontract)

NUMBER OF NEW DONORS IN 2022

2,492

TOMAHAWK AT 2,740 LEVEL WITH MOST MEMBERS

DIRECTED GIVING AND COACHES CLUBS

The Seminole Boosters Coaches Clubs provides alumni and fans of Florida State Athletics an exclusive opportunity to direct their financial support to the head coach and team of their choice. At the Coaches Clubs, we believe that it’s “Your Team. Your Choice.” Every dollar given to the Coaches Clubs is immediately directed to the program of your designation in order to provide funds for urgent needs not covered in the team’s annual budget.

Funds from the Coaches Clubs are a major component in helping every program at Florida State compete at the highest level of collegiate athletics. Coaches Clubs helps develop elite talent into championship studentathletes both in the classroom and in competition. Some of the pressing needs of our programs that our Coaches Clubs members provide support for are:

• Purchasing state-of-the-art training equipment to provide enhanced student-athlete safety and overall performance. Cutting-edge technology enables us to remain amongst the nation’s top Division I programs.

• Providing summer school opportunities for deserving student-athletes.

• Facility enhancements and upgrades.

• Supplemental funding for “Team Impact Trips” that are critical for recruiting and enhancing the overall FSU student-athlete experience.

The following contributors have made significant investments of $50,000 or more specifically to Coaches Clubs or other restricted funds during the 2021-2022 fiscal year:

• Paul Brothers

• Robert C. Blankenship

• Herb and Mary Jervis

• Mako Medical Labor

• Chad E. Price

• Dr. Billie Jones and Dr. Janet Wells

BEACH VOLLEYBALL FOOTBALL

MEN’S AND WOMEN’S GOLF

MEN’S BASKETBALL

MEN’S TENNIS

SOCCER

SOFTBALL

CHEER & DANCE

MEN’S AND WOMEN’S SWIMMING & DIVING

TRACK & CROSS COUNTRY

VOLLEYBALL

WOMEN’S BASKETBALL

WOMEN’S TENNIS

COACHES CLUBS RESTRICTED TOTAL 2022 PAYMENTS 3,048,159

SENIOR STAFF

Stephen Ponder President & CEO

Derril Beech

Senior VP/Marketing & Annual Giving

JP Sinclair

Chief Financial Officer

Kari Terezakis

Senior VP/Stewardship & Gameday Operations

Chris Wilson

Senior VP/Development

Ben Zierden

Senior VP/Capital Projects & Facilities

EXECUTIVE COMMITTEE

Charlie Dudley

Chair

Clif Curry Secretary

Richard McCullough, Ph.D. University President

Peter Collins

Board of Trustees Chair

Michael Alford

Vice President & Director of Athletics

Beth Langford At-Large

BOARD OF DIRECTORS

Jorge Azor Hayesville, NC

WO Bell Tallahassee, FL

Peter Boulware Tallahassee, FL

Garrison Burr Tampa, FL

Marilyn Cox Tallahassee, FL

Brad Crenshaw Lakeland, FL

Jeri Damasiewicz Tallahassee, FL

Scott Darling La Canada, CA

Craig Dewhurst St. Augustine, FL

Betsy Evans Atlanta, GA

Ericka Franz Tampa, FL

Warner Peacock At-Large

Philip Troyer At-Large

Richard Welch At-Large

Barry Vaughn At-Large

Jimmy Graganella

Immediate Past Chair

Rich Heffley Tallahassee, FL

Gina Hill Jacksonville, FL

Mark Hillis Tallahassee, FL

Nick Iarossi Naples, FL

Moises Issa Ft Lauderdale, FL

Mike Kosloske Tampa, FL

Pete Law Atlanta, GA

Brett Lindquist Longwood, FL

Bill Lloyd Bradenton, FL

Scott Madden Atlanta, GA

Trey McCarley Tallahassee, FL

EX-OFFICIO MEMBERS

Richard McCullough University President

Peter Collins

Board of Trustees Chair

Marla Vickers

University VP for Advancement

Michael Alford

Vice President & Director of Athletics

Charlie Dudley

Seminole Boosters Chair

Jimmy Graganella

Immediate Past Chair

Doug Russell

2nd Immediate Past Chair

Eleanor Connan

Women’s Athletics Representative

Mike Brady

Faculty Athletic Representative

Dazi Lenoir

Alumni Association Chair

Richard McMullen Tallahassee, FL

Teri Miller Jupiter, FL

DeVoe Moore Tallahassee, FL

Brian Murphy Tampa, FL

Andy Norman Lakeland, FL

Craig Ramsey Alpharetta, GA

Mark Shelnutt Ocala, FL

Jeff Stoops Delray Beach, FL

Mike Summey Asheville, NC

Sheri Thomson Dothan, AL

Scott Witt Jacksonville, FL

Christopher Iansiti FSU Foundation Chair

Rick Oreair

Varsity Club Chair

Joe Keyser Student Booster President

This program has so much tradition and I always remember that every time I’m on the field. We receive so much Booster and fan support at home at Dick Howser and on the road. Many people don’t know about that support we receive directly from Seminole Boosters from technology in the batting cages to technology to travel. My lifelong dream was to be a Florida State Seminole and it would not be possible without help from the donors. Thank you for all your help.

JAIME FERRER Baseball