Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,351,524

• 1d · Related organizations

  $4,707,900

• 1f · All other contributions, gifts and grants

  $163,865,603

• 1g · Noncash contributions included above

  $26,988,241

• 2a · Program service revenue: RENT FROM STUDY ABROAD

  total $1,165,182 · related or exempt $1,165,182

• 2b · Program service revenue: EVENT REGISTRATIONS

  total $315,117 · related or exempt $315,117

• 2c · Program service revenue: INVESTMENT FEE (FHFO)

  total $269,539 · related or exempt $269,539

• 3 · Investment income

  total $35,446,918 · excluded $35,446,918

• 5 · Royalties

  total $7,862,659 · excluded $7,862,659

• 7a · Gross sales of assets other than inventory

  securities $130,491,182 · other assets $409,476

• 7b · Less cost or other basis and sales expenses

  securities $90,204,215 · other assets $408,329

• 7c · Gain or loss

  securities $40,286,967 · other assets $1,147

• 7d · Net gain or loss

  total $40,288,114 · excluded $40,288,114

• 8a · Fundraising events: gross income

  $647,443

• 8a · Fundraising events: contributions included on line 1c

  $1,351,524

• 8b · Fundraising events: direct expenses

  $606,428

• 8c · Net income from fundraising events

  total $41,015 · excluded $41,015

• 11a · Other revenue: OTHER

  total $1,614,747 · related or exempt $1,614,747

• 11b · Other revenue: GA DEPT OF REV LICENSE

  total $775,100 · related or exempt $775,100

• 11e · Other revenue, total

  $2,389,847

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $143,414,931 · program services $143,414,931

• 11b · Fees: legal

  total $98,353 · program services $11,434 · management and general $86,919

• 11c · Fees: accounting

  total $239,337 · management and general $239,337

• 11f · Fees: investment management

  total $762,981 · management and general $762,981

• 11g · Fees: other

  total $920,846 · program services $438,781 · management and general $207,534 · fundraising $274,531

• 12 · Advertising and promotion

  total $409,701 · program services $264,277 · management and general $32,588 · fundraising $112,836

• 13 · Office expenses

  total $176,053 · program services $95,231 · management and general $19,632 · fundraising $61,190

• 14 · Information technology

  total $272,074 · fundraising $272,074

• 16 · Occupancy

  total $1,199,259 · program services $924,259 · management and general $7,686 · fundraising $267,314

• 17 · Travel

  total $95,864 · program services $55,313 · management and general $11,504 · fundraising $29,047

• 19 · Conferences, conventions and meetings

  total $4,024,892 · program services $2,852,082 · management and general $347,688 · fundraising $825,122

• 22 · Depreciation, depletion and amortization

  total $634,229 · program services $634,229

• 23 · Insurance

  total $131,886 · program services $50,976 · management and general $77,780 · fundraising $3,130

• 24a · Other expenses: REIMBURSEMENTS TO UGA

  total $5,468,147 · management and general $5,261,837 · fundraising $206,310

• 24b · Other expenses: OTHER

  total $1,947,199 · program services $948,421 · management and general $14,175 · fundraising $984,603

• 24c · Other expenses: TRANSFERS AND DISTRIBUT

  total $741,776 · program services $741,776

• 24d · Other expenses: PROFESSIONAL DUES/MEMBE

  total $67,382 · program services $25,280 · management and general $30,351 · fundraising $11,751

• 24e · All other expenses

  total $27,436 · program services $26,936 · management and general $500

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $26,561,603 · end of year $23,872,524

• 2 · Savings and temporary cash investments

  beginning of year $231,827,369 · end of year $259,828,740

• 3 · Pledges and grants receivable

  beginning of year $105,894,400 · end of year $119,541,071

• 4 · Accounts receivable

  beginning of year $5,004,743 · end of year $3,480,610

• 9 · Prepaid expenses and deferred charges

  beginning of year $970,691 · end of year $1,010,422

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

  $35,850,857

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

  $12,179,710

• 10c · Land, buildings and equipment, net

  beginning of year $24,296,326 · end of year $23,671,147

• 11 · Investments: publicly traded securities

  beginning of year $610,427,646 · end of year $713,505,968

• 12 · Investments: other securities

  beginning of year $962,489,430 · end of year $1,038,607,114

• 15 · Other assets

  beginning of year $6,612,985 · end of year $7,620,485

• 17 · Accounts payable and accrued expenses

  beginning of year $9,278,338 · end of year $9,588,343

• 19 · Deferred revenue

  beginning of year $101,833 · end of year $105,159

• 23 · Secured mortgages and notes payable

  beginning of year $12,817,379 · end of year $12,336,796

• 25 · Other liabilities

  beginning of year $72,829,167 · end of year $74,063,762

• 27 · Net assets without donor restrictions

  beginning of year $221,485,336 · end of year $260,601,063

• 28 · Net assets with donor restrictions

  beginning of year $1,657,573,140 · end of year $1,834,442,958

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A:

HEALTH OR SOCIAL CLUB DUES FROM TIME TO TIME, THE UNIVERSITY OF GEORGIA FOUNDATION PROVIDES CERTAIN EXECUTIVES WITH TAXABLE COMPENSATION TO REIMBURSE THE EXPENSE OF MEMBERSHIP DUES AND APPROPRIATE INITIATION FEES FOR A SOCIAL OR COUNTRY CLUB USED FOR THE UNIVERSITY OF GEORGIA FOUNDATION BUSINESS ENTERTAINMENT PURPOSES.

SCHEDULE J, PART I, LINE 4B:

SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN JERE MOREHEAD RECEIVED $269,573 FROM A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN, PAID BY THE UNIVERSITY OF GEORGIA, A RELATED ORGANIZATION.