Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $108,970

• 1f · All other contributions, gifts and grants

  $7,787,366

• 1g · Noncash contributions included above

  $78,323

• 2a · Program service revenue: Stadium Suites Income

  total $1,048,199 · related or exempt $1,048,199

• 2b · Program service revenue: Interest Income on Direct Financi

  total $909,268 · related or exempt $909,268

• 3 · Investment income

  total $695,899 · excluded $695,899

• 7a · Gross sales of assets other than inventory

  securities $151,676

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

  securities $105,324

• 7c · Gain or loss

  securities $46,352

• 7d · Net gain or loss

  total $46,352 · excluded $46,352

• 8a · Fundraising events: gross income

  $12,560

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

  $108,970

• 8b · Fundraising events: direct expenses

  $53,761

• 8c · Net income from fundraising events

  total -$41,201 · excluded -$41,201

• 9a · Gaming: gross income

  $85,385

• 9b · Gaming: direct expenses

  $52,510

• 9c · Net income from gaming

  total $32,875 · excluded $32,875

• 11a · Other revenue: Refunds and Reimbursements

  total $648,248 · excluded $648,248

• 11b · Other revenue: Insurance Proceeds

  total $142,500 · excluded $142,500

• 11e · Other revenue, total

  $790,748

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $7,955,733 · program services $7,955,733

• 11b · Fees: legal

  total $3,239 · management and general $3,239

• 11c · Fees: accounting

  total $25,400 · management and general $25,400

• 11f · Fees: investment management

  total $4,817 · management and general $4,817

• 11g · Fees: other

  total $162,861 · management and general $24,451 · fundraising $138,410

• 12 · Advertising and promotion

  total $96,322 · management and general $8,545 · fundraising $87,777

• 13 · Office expenses

  total $113,157 · management and general $113,078 · fundraising $79

• 17 · Travel

  total $65,031 · management and general $2,222 · fundraising $62,809

• 19 · Conferences, conventions and meetings

  total $216,725 · management and general $7,404 · fundraising $209,321

• 20 · Interest

  total $1,137,648 · program services $1,137,648

• 22 · Depreciation, depletion and amortization

  total $546,718 · program services $546,718

• 23 · Insurance

  total $63,937 · management and general $63,937

• 24a · Other expenses: Bad Debt Expense

  total $762,541 · management and general $762,541

• 24b · Other expenses: Supplies

  total $138,358 · management and general $91,789 · fundraising $46,569

• 24c · Other expenses: Dues and Memberships

  total $23,806 · management and general $813 · fundraising $22,993

• 24d · Other expenses: Facilities and Maintena

  total $4,250 · fundraising $4,250

• 24e · All other expenses

  total $2,130 · management and general $2,109 · fundraising $21

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,328,361 · end of year $2,340,085

• 2 · Savings and temporary cash investments

  beginning of year $9,822,299 · end of year $11,917,679

• 3 · Pledges and grants receivable

  beginning of year $11,485,718 · end of year $10,707,475

• 4 · Accounts receivable

  beginning of year $585,850 · end of year $165,272

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,160 · end of year $1,160

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

  $20,114,224

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

  $3,309,540

• 10c · Land, buildings and equipment, net

  beginning of year $15,693,267 · end of year $16,804,684

• 11 · Investments: publicly traded securities

  beginning of year $4,693,366 · end of year $5,647,478

• 13 · Investments: program-related

  beginning of year $17,535,068 · end of year $16,981,573

• 15 · Other assets

  beginning of year $43,712 · end of year $71,843

• 17 · Accounts payable and accrued expenses

  beginning of year $96,609 · end of year $7,583

• 19 · Deferred revenue

  beginning of year $945,862 · end of year $857,154

• 20 · Tax-exempt bond liabilities

  beginning of year $17,910,187 · end of year $17,307,546

• 24 · Unsecured notes and loans payable

  beginning of year $10,000,000 · end of year $10,000,000

• 25 · Other liabilities

  beginning of year $2,670,051 · end of year $5,608,655

• 27 · Net assets without donor restrictions

  beginning of year $12,217,516 · end of year $15,170,662

• 28 · Net assets with donor restrictions

  beginning of year $18,348,576 · end of year $15,685,649

The filer's explanations (Part III)

Form 990 Part VII Line 1a

President Trip Addison is compensated by an unrelated organization, Georgia Southern University (GSU). His compensation for 2024 was $247,811. Employer paid benefits include $20,820 for medical insurance and $23,493 in retirement contributions. As President, his responsiblities include day to day management of the GSU Athletic Foundation involving approximately 30% of Trip Addison's time. Trip Addison also serves as GSU VP of University Advancement. Chief Financial Officer Craig Brown is compensated by an unrelated organization, Georgia Southern University (GSU). His compensation for 2024 was $131.528 in salary. Employer paid benefits include $12,187 for medical insurance and $12,797 in retirement contributions. As Chief Financial Officer, his resposibilities include day to day management of the financial actions of the organization. Craig Brown is also CFO of GSU Foundation and splits his time between both foundations. Executive Director Allison Ware is compensated by an unrelated organization, Georgia Southern University (GSU). Her compensation for 2024 was $70,692. Employer paid benefits include $3,556 for medical insurance and $4,736 in retirement contributions. As Executive Director, her responsibilities include day to day management of the GSU Athletic Foundation.

Disregarded entities

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

• Stadium Construction LLC

  Football Stadium Improvements · DE · income $980,772 · assets $19,207,409

  Directly controlled by GSU Athletic Fd