Form 990 for tax year 2022
Filed by GEORGIA SOUTHERN UNIVERSITY FOUNDATION INC.
Totals
- Total revenue
- $11,656,866
- Total expenses
- $9,915,744
- Contributions and grants received
- $8,385,818
- Grants paid
- $6,022,757
- Program service revenue
- $0
- Investment income
- $3,266,162
- Other revenue
- $4,886
- Total assets, end of year
- $127,070,383
- Total liabilities, end of year
- $702,346
- Net assets or fund balances, end of year
- $126,368,037
- Program services expenses (Part IX)
- $7,730,993
- Management and general expenses
- $1,143,156
- Fundraising expenses
- $1,041,595
- Program service expenses (Part III)
- $7,730,993
Program services were 78.0% 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.
-
1c · Fundraising events
$130,073
-
1f · All other contributions, gifts and grants
$8,255,745
-
1g · Noncash contributions included above
$490,618
-
3 · Investment income
total $2,513,096 · unrelated business $13,911 · excluded $2,499,185
-
5 · Royalties
total $70,777 · excluded $70,777
-
7a · Gross sales of assets other than inventory
securities $12,967,700
-
7b · Less cost or other basis and sales expenses
securities $12,214,634
-
7c · Gain or loss
securities $753,066
-
7d · Net gain or loss
total $753,066 · excluded $753,066
-
8a · Fundraising events: gross income
$8,610
-
8a · Fundraising events: contributions included on line 1c
$130,073
-
8b · Fundraising events: direct expenses
$127,417
-
8c · Net income from fundraising events
total -$118,807 · excluded -$118,807
-
9a · Gaming: gross income
$2,285
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $2,285 · excluded $2,285
-
11a · Other revenue: REFUNDS, REIMBURSEMENTS, ETC.
total $50,631 · excluded $50,631
-
11e · Other revenue, total
$50,631
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $6,022,757 · program services $6,022,757
-
11b · Fees: legal
total $5,126 · program services $655 · management and general $2,782 · fundraising $1,689
-
11c · Fees: accounting
total $29,600 · management and general $29,600
-
11e · Fees: professional fundraising services
total $126,514 · fundraising $126,514
-
11f · Fees: investment management
total $749,037 · management and general $749,037
-
11g · Fees: other
total $330,237 · program services $126,467 · management and general $169,305 · fundraising $34,465
-
12 · Advertising and promotion
total $46,013 · program services $24,970 · management and general $792 · fundraising $20,251
-
13 · Office expenses
total $385,245 · program services $222,531 · management and general $5,582 · fundraising $157,132
-
16 · Occupancy
total $157,894 · program services $157,824 · fundraising $70
-
17 · Travel
total $474,008 · program services $307,988 · management and general $14,684 · fundraising $151,336
-
19 · Conferences, conventions and meetings
total $413,388 · program services $268,600 · management and general $12,806 · fundraising $131,982
-
20 · Interest
total $33,581 · program services $33,581
-
22 · Depreciation, depletion and amortization
total $43,506 · program services $39,548 · fundraising $3,958
-
23 · Insurance
total $38,552 · program services $12,674 · management and general $25,529 · fundraising $349
-
24a · Other expenses: UBIT
total $1,809 · management and general $1,809
-
24b · Other expenses: PROMOTION, CULTIVATION
total $558,514 · program services $372,235 · management and general $11,810 · fundraising $174,469
-
24c · Other expenses: SUPPLIES AND EQUIPMENT
total $174,945 · management and general $1,219 · fundraising $173,726
-
24d · Other expenses: RECOGNITION AND ACHIEVE
total $106,975 · program services $60,945 · management and general $321 · fundraising $45,709
-
24e · All other expenses
total $218,043 · program services $80,218 · management and general $117,880 · fundraising $19,945
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $266,062 · end of year $357,827
-
3 · Pledges and grants receivable
beginning of year $4,085,478 · end of year $5,518,388
-
9 · Prepaid expenses and deferred charges
beginning of year $158,068
-
10a · Land, buildings and equipment: cost or other basis
$1,864,599
-
10b · Land, buildings and equipment: accumulated depreciation
$393,879
-
10c · Land, buildings and equipment, net
beginning of year $1,514,226 · end of year $1,470,720
-
11 · Investments: publicly traded securities
beginning of year $30,567,434 · end of year $41,043,763
-
12 · Investments: other securities
beginning of year $76,402,179 · end of year $73,487,632
-
15 · Other assets
beginning of year $3,917,267 · end of year $5,192,053
-
17 · Accounts payable and accrued expenses
beginning of year $602,348 · end of year $702,346
-
27 · Net assets without donor restrictions
beginning of year $8,415,079 · end of year $8,619,067
-
28 · Net assets with donor restrictions
beginning of year $107,893,287 · end of year $117,748,970
Mission and programs · 2022
Mission
THE GEORGIA SOUTHERN UNIVERSITY FOUNDATION, INC. WAS CREATED TO RAISE PRIVATE FUNDING TO MEET CERTAIN EDUCATIONAL AND INSTITUTIONAL NEEDS AT GEORGIA SOUTHERN UNIVERSITY NOT ADDRESSED BY STATE ALLOCATIONS. THE FOUNDATION'S PRIMARY MISSION IS TO "PROMOTE THE CAUSE OF HIGHER EDUCATION" BY ASSISTING GEORGIA SOUTHERN UNIVERSITY IN FULFILLING ITS MULTIFACETED MISSION:-TO SUPPORT CULTURAL OPPORTUNITIES, ECONOMIC GROWTH, ENVIRONMENTAL QUALITY, SCIENTIFIC AND TECHNOLOGICAL PROGRESS AND SOCIAL AND PERSONAL WELL-BEING.-TO GRADUATE KNOWLEDGEABLE, CLEAR-THINKING, ARTICULATE STUDENTS.-TO EXPAND HORIZONS THROUGH OUTREACH IN SCIENCES AND LIBERAL ARTS, PRESERVATION OF DISTINCTIVE CULTURAL LEGACIES AND ATTENTION TO THE INTEGRITY OF SOUTH GEORGIA'S ENVIRONMENT.
Activities or mission (Part I)
THE GEORGIA SOUTHERN UNIVERSITY FOUNDATION WAS ESTABLISHED IN 1963 TO RECEIVE, MANAGE, AND ADMINISTER PRIVATE GIFTS IN SUPPORT OF THE GEORGIA SOUTHERN UNIVERSITY MISSION AND PRIORITIES. THE FOUNDATION PRIMARILY ACCOMPLISHES THIS MISSION BY PROVIDING LEADERSHIP IN OBTAINING THE RESOURCES NEEDED TO ATTAIN UNIVERSITY GOALS AND THROUGH RESPONSIBLE STEWARDSHIP OF FUNDS AND OTHER ASSETS ENTRUSTED TO IT. THE GEORGIA SOUTHERN UNIVERSITY FOUNDATION RAISES, INVESTS AND DISTRIBUTES PRIVATE DOLLARS NEEDED TO FUND THE PROGRAMS, PROJECTS, SCHOLARSHIPS, EQUIPMENT AND BUILDINGS THAT HELP GEORGIA SOUTHERN UNIVERSITY EARN AND MAINTAIN A REPUTATION FOR EXCELLENCE.
-
THE GEORGIA SOUTHERN UNIVERSITY FOUNDATION EXISTS TO ASSIST GEORGIA SOUTHERN UNIVERSITY IN FULFILLING ITS MULTIFACETED MISSION AND ITS EFFORTS TO ACHIEVE EDUCATIONAL EXCELLENCE. THE FOUNDATION PRIMARILY ACCOMPLISHES THIS MISSION BY PROVIDING LEADERSHIP IN OBTAINING THE RESOURCES NEEDED TO ATTAIN UNIVERSITY GOALS AND THROUGH RESPONSIBLE STEWARDSHIP OF FUNDS AND OTHER ASSETS ENTRUSTED TO IT. THE GEORGIA SOUTHERN UNIVERSITY FOUNDATION RAISES, INVESTS, AND DISTRIBUTES PRIVATE DOLLARS NEEDED TO FUND THE PROGRAMS, PROJECTS, SCHOLARSHIPS, EQUIPMENT, AND BUILDINGS THAT HELP GEORGIA SOUTHERN UNIVERSITY EARN AND MAINTAIN A REPUTATION FOR EXCELLENCE.
Expenses $7,730,993 · Grants $6,022,757
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Mr Trip C AddisonMR TRIP C ADDISON
PRESIDENT
- Total calculated
- $269,023
- From this org
- $229,731
- From related orgs
- $0
- Other
- $39,292
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $225,981
- Bonus
- $0
- Other
- $3,750
- Deferred
- $21,852
- Nontaxable benefits
- $17,440
- Filer's total
- $269,023
-
Mr Michael R SandersMR MICHAEL R SANDERS
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Dana A PottsMRS DANA A POTTS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Mr Richard Timothy Evans JrMR RICHARD TIMOTHY EVANS JR
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Mr William R Hickman JrMR WILLIAM R HICKMAN JR
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Don Aaron JrDR DON AARON JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ms Ellen BolchMS ELLEN BOLCH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mr David H BrookerMR DAVID H BROOKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Harry CarterDR HARRY CARTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Kelley ChesterDR KELLEY CHESTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mr Bill CriderMR BILL CRIDER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mr David R EdwardsMR DAVID R EDWARDS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Christian FlathmanCHRISTIAN FLATHMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mr J Ray Hendley SrMR J RAY HENDLEY SR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mr Cedric D HenryMR CEDRIC D HENRY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr John T HodgesDR JOHN T HODGES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mr Eric JohnsonMR ERIC JOHNSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mr Ronny JustMR RONNY JUST
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Deborah NelsonDEBORAH NELSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kash TrivediKASH TRIVEDI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mr David PaddisonMR DAVID PADDISON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mr Stephen MilnerMR STEPHEN MILNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ms Sharon PonderMS SHARON PONDER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mr James A Van EppsMR JAMES A VAN EPPS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Craig BrownCRAIG BROWN
CFO
- Total calculated
- $145,719
- From this org
- $123,925
- From related orgs
- $0
- Other
- $21,794
- Hours/week
- 40
-
Julie GerbschJULIE GERBSCH
EXECUTIVE DIRECTOR DEVELOP
- Total calculated
- $190,213
- From this org
- $174,253
- From related orgs
- $0
- Other
- $15,960
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $170,503
- Bonus
- $0
- Other
- $3,750
- Deferred
- $15,764
- Nontaxable benefits
- $196
- Filer's total
- $190,213
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)
- FORM 990 PART VII LINE 1
- THE FOLLOWING INDIVIDUALS WERE COMPENSATED FOR FULL-TIME SERVICES PROVIDED TO THE FOUNDATION BY AN UNRELATED ORGANIZATION, GEORGIA SOUTHERN UNIVERSITY: TRIP ADDISON $269,024 JULIE GERBSCH 190,213 CRAIG BROWN 145,720
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
$5,674,488
OPERATIONAL SUPPORT
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.
-
GEORGIA SOUTHERN UNIVERSITY FOUNDATION REAL ESTATE LLC
REAL ESTATE HOLDING COMPANY · GA · income $0 · assets $2,393
Directly controlled by GEORGIA SOUTHERN UNIVERSITY FOUNDATION INC
-
GEORGIA SOUTHERN UNIVERSITY FOUNDATION REAL ESTATE HOLDINGS LLC
REAL ESTATE HOLDING COMPANY · GA · income $0 · assets $148,563
Directly controlled by GEORGIA SOUTHERN UNIVERSITY FOUNDATION INC
-
GEORGIA SOUTHERN UNIVERSITY FOUNDATION BOTANICAL GARDENS REAL ESTATE LLC
REAL ESTATE HOLDING COMPANY · GA · income $0 · assets $820,788
Directly controlled by GEORGIA SOUTHERN UNIVERSITY FOUNDATION INC
-
GEORGIA SOUTHERN UNIVERSITY FOUNDATION GUYTON REAL ESTATE LLC
REAL ESTATE HOLDING COMPANY · GA · income $0 · assets $495,222
Directly controlled by GEORGIA SOUTHERN UNIVERSITY FOUNDATION INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202400759349301215
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