Form 990 for tax year 2022
Filed by GEORGIA MILITARY COLLEGE FOUNDATION INC.
Totals
- Total revenue
- -$1,514,987
- Total expenses
- $1,276,533
- Contributions and grants received
- $1,747,953
- Grants paid
- $1,048,385
- Program service revenue
- $0
- Investment income
- -$3,097,067
- Other revenue
- -$165,873
- Total assets, end of year
- $46,633,369
- Total liabilities, end of year
- $3,087,671
- Net assets or fund balances, end of year
- $43,545,698
- Program services expenses (Part IX)
- $1,058,493
- Management and general expenses
- $201,642
- Fundraising expenses
- $16,398
- Program service expenses (Part III)
- $1,058,493
Program services were 82.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
MARK STROM
EXECUTIVE DIRECTOR
- Total calculated
- $177,985
- From this org
- $138,878
- From related orgs
- $0
- Other
- $39,107
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $138,878
- Bonus
- $0
- Other
- $0
- Deferred
- $27,767
- Nontaxable benefits
- $11,340
- Filer's total
- $177,985
-
SUSAN V MEEKS
SECRETARY
- Total calculated
- $124,757
- From this org
- $94,614
- From related orgs
- $0
- Other
- $30,143
- Hours/week
- 40
-
ALLEN SIMMONS
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 40
-
WILLIAM B CALDWELL IV
GMC PRESIDENT, EX-OFFICIO TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DAVID GRANT
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
BARBARA RION
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
TERI WHITE
CHAIRPERSON, TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
SHAWN ALLEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
L J BAKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
FRANK BAUGH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
BOBBY CHRISTINE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
GEORGE COLETTI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MIKE COUCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
PATSY CRAIG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MCKENZIE DAVENPORT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JEFF DAVIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL DUKE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
LEE ECHOLS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JOHN FICKETT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MARTHA GOODRICH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
GEOFF GRANDSTAFF
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JEFF GRAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MARCIA HATCHER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
INEZ HAWKINS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
AL JACKSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JACK KRAPF
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DAVID LUKE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
THOMAS LYNCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JAMES LUNSFORD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
KENNY MARKS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
HAROLD MASON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MERRITT MASSEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
RICHARD MASSEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
KARYE MOREAU
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
REGINALD NEAL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MIKE PROSPERI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ROBERT POSNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
GUS PURSLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DUDLEY ROWE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
TERRY SCHUBERT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CHARLES SIKES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
NOLAN STEPHENS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
GARRETT SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
LARRY THOMPSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
PATRICIA THOMPSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MIKE TORINO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
TOM TORRANCE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
BEN UNDERWOOD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
RUSSELL WALDEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
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
The filer's explanations (Part III)
- SCH J AND FORM 990 PART VII
- THE ORGANIZATION'S MISSION IS CARRIED OUT BY TWO EMPLOYEES OF AN UNRELATED ORGANIZATION GEORGIA MILITARY COLLEGE, EIN 58-0616992. REPORTED ON PART VII IS THE COMPENSATION AND BENEFITS FOR EXECUTIVE DIRECTOR, MARK STROM, TOTALING $177,985 AND SECRETARY, SUSAN MEEKS, TOTALING $124,757.
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
-
$1,048,385
TO PROVIDE SCHOLARSHIPS TO STUDENTS AND TO PROVIDE OTHER PROGRAM SUPPORT TO THE COLLEGE.
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.
-
GMCF STONE MOUNTIAN FOUNDATION LLC
ACQUIRING, OPERATING, AND MANAGING REAL PROPERTY FOR THE BENEFIT OF THE COLL · GA · income $41,025 · assets $263,374
Directly controlled by GEORGIA MILITARY COLLEGE FOUNDATION
-
GMCF COLUMBUS LLC
ACQUIRING, OPERATING, AND MANAGING REAL PROPERTY FOR THE BENEFIT OF THE COLL · GA · income $243,999 · assets $4,131,456
Directly controlled by GEORGIA MILITARY COLLEGE FOUNDATION
-
GMCF FAYETTEVILLE LLC
ACQUIRING, OPERATING, AND MANAGING REAL PROPERTY FOR THE BENEFIT OF THE COLL · GA · income $16,890 · assets $0
Directly controlled by GEORGIA MILITARY COLLEGE FOUNDATION
-
GMCF MILLEDGEVILLE PROPERTY LLC
ACQUIRING, OPERATING, AND MANAGING REAL PROPERTY FOR THE BENEFIT OF THE COLL · GA · income $1,273 · assets $255,429
Directly controlled by GEORGIA MILITARY COLLEGE FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343199349323729
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