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← GEORGIA SOUTHERN UNIVERSITY RESEARCH AND SVC FOUNDATION INC

Form 990 for tax year 2022

Filed by GEORGIA SOUTHERN UNIVERSITY RESEARCH AND SVC FOUNDATION INC.

Totals

Total revenue
$30,959,946
Total expenses
$29,265,329
Contributions and grants received
$25,424,785
Grants paid
$27,519,045
Program service revenue
$5,489,267
Investment income
$5,643
Other revenue
$40,251
Total assets, end of year
$21,805,134
Total liabilities, end of year
$16,149,145
Net assets or fund balances, end of year
$5,655,989
Program services expenses (Part IX)
$28,895,886
Management and general expenses
$369,443
Fundraising expenses
$0
Program service expenses (Part III)
$28,895,886

Program services were 98.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $24,019,712

  • 1f · All other contributions, gifts and grants

    $1,405,073

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $5,489,267 · related or exempt $5,489,267

  • 3 · Investment income

    total $5,643 · related or exempt $5,643

  • 5 · Royalties

    total $2,644 · related or exempt $2,644

  • 11a · Other revenue: BAD DEBT RECOVERY

    total $35,256 · related or exempt $35,256

  • 11b · Other revenue: MISCELLANEOUS

    total $2,351 · related or exempt $2,351

  • 11e · Other revenue, total

    $37,607

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $27,519,045 · program services $27,519,045

  • 11b · Fees: legal

    total $19,155 · management and general $19,155

  • 11c · Fees: accounting

    total $21,950 · management and general $21,950

  • 11g · Fees: other

    total $216,793 · management and general $216,793

  • 12 · Advertising and promotion

    total $10,557 · management and general $10,557

  • 17 · Travel

    total $10,680 · management and general $10,680

  • 19 · Conferences, conventions and meetings

    total $1,168 · management and general $1,168

  • 23 · Insurance

    total $14,958 · management and general $14,958

  • 24a · Other expenses: DIRECT MATERIAL COSTS

    total $776,841 · program services $776,841

  • 24b · Other expenses: DUES

    total $601,165 · program services $600,000 · management and general $1,165

  • 24c · Other expenses: EQUIPMENT RENTAL

    total $62,648 · management and general $62,648

  • 24d · Other expenses: SUPPLIES

    total $5,211 · management and general $5,211

  • 24e · All other expenses

    total $5,158 · management and general $5,158

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $6,208,359 · end of year $6,803,725

  • 3 · Pledges and grants receivable

    beginning of year $1,842,621 · end of year $13,865,041

  • 4 · Accounts receivable

    beginning of year $1,005,577 · end of year $998,954

  • 8 · Inventories for sale or use

    beginning of year $161,500 · end of year $91,594

  • 9 · Prepaid expenses and deferred charges

    beginning of year $49,608 · end of year $45,820

  • 10a · Land, buildings and equipment: cost or other basis

    $1,229

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,229

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,293 · end of year $394,015

  • 18 · Grants payable

    beginning of year $2,843,822 · end of year $12,901,288

  • 19 · Deferred revenue

    beginning of year $1,518,737 · end of year $2,051,300

  • 25 · Other liabilities

    beginning of year $910,441 · end of year $802,542

  • 27 · Net assets without donor restrictions

    beginning of year $3,961,372 · end of year $5,655,989

Mission and programs · 2022

Mission

ASSIST AND FURTHER RESEARCH AT GEORGIA SOUTHERN UNIVERSITY

  • THE FOUNDATION ASSISTS, SUPPORTS, AND FURTHERS THE RESEARCH, SERVICE, AND EDUCATIONAL MISSIONS OF GEORGIA SOUTHERN UNIVERSITY.

    Expenses $28,895,886 · Grants $27,519,045 · Revenue $5,489,267

As filed on the 2022 return.

Listed in Part VII

  • Kyle Marrero

    CHAIR

    Total calculated
    $531,529
    From this org
    $0
    From related orgs
    $470,000
    Other
    $61,529

    Schedule J breakdown matched by us

    Base
    not reported + $470,000 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $61,529 related
    Filer's total
    not reported + $531,529 related

  • Carl Reiber

    CEO

    Total calculated
    $367,012
    From this org
    $0
    From related orgs
    $313,500
    Other
    $53,512

    Schedule J breakdown matched by us

    Base
    not reported + $313,500 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $53,512 related
    Filer's total
    not reported + $367,012 related

  • Ron Stalnaker

    TREASURER

    Total calculated
    $309,351
    From this org
    $0
    From related orgs
    $234,400
    Other
    $74,951

    Schedule J breakdown matched by us

    Base
    not reported + $234,400 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $74,951 related
    Filer's total
    not reported + $309,351 related

  • Trip Addison

    BOARD MEMBER

    Total calculated
    $291,987
    From this org
    $0
    From related orgs
    $240,249
    Other
    $51,738

    Schedule J breakdown matched by us

    Base
    not reported + $240,249 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $51,738 related
    Filer's total
    not reported + $291,987 related

  • Chris Curtis

    COO/EXEC. DI

    Total calculated
    $259,355
    From this org
    $0
    From related orgs
    $202,033
    Other
    $57,322

    Schedule J breakdown matched by us

    Base
    not reported + $202,033 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $57,322 related
    Filer's total
    not reported + $259,355 related

  • Jennifer Bonnett

    BOARD MEMBER

    Total calculated
    $0

  • Maura Copeland

    SECRETARY/EX

    Total calculated
    $0

  • Fred Gregory

    BOARD MEMBER

    Total calculated
    $0

  • Stacy Watson

    BOARD MEMBER

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • GEORGIA SOUTHERN UNIVERSITY

    $27,519,009

    RESEARCH

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • LOGISTICS TECHNOLOGY INNOVATION CORPORATION

    RESEARCH · GA · income $280,000 · assets $310,000

    Directly controlled by GSU R&S FOUNDATION

  • HERTY ADVANCED MATERIALS DEVELOPMENT CENTER LLC

    RESEARCH · GA · income $5,526,874 · assets $1,568,875

    Directly controlled by GSU R&S FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
20 October 2023
IRS schema version
2022v5.0
Source object
202332979349301738

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