Instrumentl eFile Render
Object ID: 201822759349300022 - Rendered 2024-12-30
TIN: 59-1954362
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
Attach to Form 990.
Go to
www.irs.gov/Form990
for the latest information.
OMB No. 1545-0047
20
17
Open to Public Inspection
Name of the organization
ST PETERSBURG COLLEGE FOUNDATION
INC
Employer identification number
59-1954362
Part I
Identification of Disregarded Entities
Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(a)
Name, address, and EIN (if applicable) of disregarded entity
(b)
Primary activity
(c)
Legal domicile (state
or foreign country)
(d)
Total income
(e)
End-of-year assets
(f)
Direct controlling
entity
Part II
Identification of Related Tax-Exempt Organizations
Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.
(a)
Name, address, and EIN of related organization
(b)
Primary activity
(c)
Legal domicile (state
or foreign country)
(d)
Exempt Code section
(e)
Public charity status
(if section 501(c)(3))
(f)
Direct controlling
entity
(g)
Section 512(b)(13) controlled entity?
Yes
No
(1)
ST PETERSBURG COLLEGE
PO BOX 13489
ST PETERSBURG
,
FL
33733
59-1211489
HIGHER EDU
FL
501C3
5
N/A
No
(2)
LEEPA-RATTNER MUSEUM OF ART INC
PO BOX 13489
ST PETERSBURG
,
FL
33733
59-3733512
ART MUSEUM
FL
501C3
7
N/A
No
(3)
INSTITUTE FOR STRATEGIC POLICY
SOLUTIONS INC
PO BOX 13489
ST PETERSBURG
,
FL
33733
45-3194848
PUBLIC POL
FL
501C3
7
N/A
No
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2017
Schedule R (Form 990) 2017
Page
2
Part III
Identification of Related Organizations Taxable as a Partnership
Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.
(a)
Name, address, and EIN of
related organization
(b)
Primary activity
(c)
Legal
domicile
(state or foreign
country)
(d)
Direct controlling
entity
(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)
(f)
Share of total income
(g)
Share of end-of-year
assets
(h)
Disproprtionate allocations?
(i)
Code V-UBI
amount in box 20 of
Schedule K-1
(Form 1065)
(j)
General or
managing
partner?
(k)
Percentage
ownership
Yes
No
Yes
No
Part IV
Identification of Related Organizations Taxable as a Corporation or Trust
Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.
(a)
Name, address, and EIN of
related organization
(b)
Primary activity
(c)
Legal
domicile
(state or foreign
country)
(d)
Direct controlling
entity
(e)
Type of entity
(C corp, S corp,
or trust)
(f)
Share of total income
(g)
Share of end-of-year
assets
(h)
Percentage
ownership
(i)
Section 512(b)(13) controlled entity?
Yes
No
Schedule R (Form 990) 2017
Schedule R (Form 990) 2017
Page
3
Part V
Transactions With Related Organizations
Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note.
Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1
During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a
Receipt of
(i)
interest,
(ii)
annuities,
(iii)
royalties, or
(iv)
rent from a controlled entity
.....................
1a
No
b
Gift, grant, or capital contribution to related organization(s)
............................
1b
Yes
c
Gift, grant, or capital contribution from related organization(s)
............................
1c
Yes
d
Loans or loan guarantees to or for related organization(s)
............................
1d
Yes
e
Loans or loan guarantees by related organization(s)
............................
1e
No
f
Dividends from related organization(s)
............................
1f
No
g
Sale of assets to related organization(s)
............................
1g
No
h
Purchase of assets from related organization(s)
............................
1h
No
i
Exchange of assets with related organization(s)
............................
1i
No
j
Lease of facilities, equipment, or other assets to related organization(s)
.......................
1j
No
k
Lease of facilities, equipment, or other assets from related organization(s)
......................
1k
No
l
Performance of services or membership or fundraising solicitations for related organization(s)
.....................
1l
Yes
m
Performance of services or membership or fundraising solicitations by related organization(s)
.................
1m
No
n
Sharing of facilities, equipment, mailing lists, or other assets with related organization(s)
...................
1n
Yes
o
Sharing of paid employees with related organization(s)
............................
1o
Yes
p
Reimbursement paid to related organization(s) for expenses
............................
1p
No
q
Reimbursement paid by related organization(s) for expenses
............................
1q
No
r
Other transfer of cash or property to related organization(s)
............................
1r
No
s
Other transfer of cash or property from related organization(s)
............................
1s
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization
(b)
Transaction
type (a-s)
(c)
Amount involved
(d)
Method of determining amount involved
(1)
ST PETERSBURG COLLEGE
B
1,900,583
CASH-SCHOLARSHIPS
(2)
LEEPA-RATTNER MUSEUM OF ART INC
B
336,421
CASH
(3)
INSTITUTE FOR STRATEGIC POLICY
SOLUTIONS INC
B
390,102
CASH
(4)
LEEPA-RATTNER MUSEUM OF ART INC
B
SEE NOTE - ART ON LOAN
(5)
ST PETERSBURG COLLEGE
B
347,131
CASH
(6)
ST PETERSBURG COLLEGE
C
211,583
CASH - BOARD OF TRUSTEES
(7)
ST PETERSBURG COLLEGE
C
20,518
NON-CASH SUPPLIES
(8)
ST PETERSBURG COLLEGE
D
6,338,905
LOAN TO SPC
(9)
LEEPA-RATTNER MUSEUM OF ART INC
L
57,368
.75% OF POOLED INVESTMENT
(10)
INSTITUTE FOR STRATEGIC POLICY
SOLUTIONS INC
L
79,147
.75% OF POOLED INVESTMENT
(11)
ST PETERSBURG COLLEGE
N
24,781
SHARED FACILITIES
(12)
ST PETERSBURG COLLEGE
O
604,459
SHARED PERSONNEL
Schedule R (Form 990) 2017
Schedule R (Form 990) 2017
Page
4
Part VI
Unrelated Organizations Taxable as a Partnership
Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity
(b)
Primary activity
(c)
Legal domicile
(state or foreign
country)
(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)
(e)
Are all partners
section
501(c)(3)
organizations?
(f)
Share of total income
(g)
Share of
end-of-year
assets
(h)
Disproprtionate allocations?
(i)
Code V-UBI
amount in box 20
of Schedule K-1
(Form 1065)
(j)
General or
managing
partner?
(k)
Percentage
ownership
Yes
No
Yes
No
Yes
No
Schedule R (Form 990) 2017
Schedule R (Form 990) 2017
Page
5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R (see instructions).
Return Reference
Explanation
SCHEDULE R
SCHEDULE R, PART V, LINE 1B - TRANSACTIONS WITH RELATED ORGANIZATIONS THE ST. PETERSBURG COLLEGE FOUNDATION, INC. IS RELATED TO THE LEEPA RATTNER MUSEUM OF ART ("MUSEUM"), AS IT IS A DIRECT SUPPORT ORGANIZATION OF THE COLLEGE. THE ST. PETERSBURG COLLEGE FOUNDATION HAS PERMANENTLY LOANED THE LEEPA-RATTNER-GENTLE ART COLLECTION TO ST. PETERSBURG COLLEGE FOR 1. THE COLLEGE HAS LOANED THE COLLECTION TO THE MUSEUM. SCHEDULE R, PART V, LINE 1L - TRANSACTIONS WITH RELATED ORGANIZATIONS THE ORGANIZATION CHARGED A FEE OF .75% OF THE MUSEUM AND INSTITUTE FOR STRATEGIC POLICY SOLUTION'S (ISPS) POOLED INVESTMENT FUNDS OVERSEEN BY THE ORGANIZATION. NO DIRECT CASH PAYMENTS WERE MADE BUT RATHER A FEE WAS TAKEN DIRECTLY FROM THE POOLED FUND. SCHEDULE R, PART V, LINE 1N - TRANSACTIONS WITH RELATED ORGANIZATIONS THE ORGANIZATION SHARES FACILITIES AND MATERIALS WITH ST. PETERSBURG COLLEGE. ALTHOUGH A VALUE HAS BEEN ASSIGNED, NO CASH REIMBURSEMENTS OCCURRED. SCHEDULE R, PART V, LINE 1O - TRANSACTIONS WITH RELATED ORGANIZATIONS THE ORGANIZATION SHARES PAID EMPLOYEES WITH ST. PETERSBURG COLLEGE. ALTHOUGH A VALUE HAS BEEN ASSIGNED, NO CASH REIMBURSEMENTS OCCURRED.
Schedule R (Form 990) 2017
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