Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $40,000

• 1f · All other contributions, gifts and grants

  $800,965

• 2a · Program service revenue: RESEARCH FEES

  total $10,857,578 · related or exempt $10,857,578

• 2b · Program service revenue: ONLINE COURSE DEVELOPMENT

  total $2,311,705 · related or exempt $2,311,705

• 2c · Program service revenue: SUBSCRIPTION REVENUE

  total $2,890 · related or exempt $2,890

• 2f · All other program service revenue

  total $498,029 · related or exempt $498,029

• 3 · Investment income

  total $306,209 · excluded $306,209

• 5 · Royalties

  total $1,150,873 · excluded $1,150,873

• 11a · Other revenue: ADVERTISING REVENUE

  total $350 · unrelated business $350

• 11e · Other revenue, total

  $350

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $12,989,336 · program services $12,989,336

• 11a · Fees: management

  total $7,587 · program services $7,587

• 11b · Fees: legal

  total $153,038 · management and general $153,038

• 11c · Fees: accounting

  total $80,396 · management and general $80,396

• 11g · Fees: other

  total $44,800 · program services $34,500 · management and general $10,300

• 12 · Advertising and promotion

  total $3,427 · program services $3,427

• 13 · Office expenses

  total $28,700 · program services $20,361 · management and general $8,339

• 15 · Royalties

  total $1,159,947 · program services $1,159,947

• 16 · Occupancy

  total $4,874 · program services $1,042 · management and general $3,832

• 17 · Travel

  total $940 · management and general $940

• 19 · Conferences, conventions and meetings

  total $56,296 · program services $33,329 · management and general $22,967

• 23 · Insurance

  total $3,331 · management and general $3,331

• 24a · Other expenses: FINANCING AND CONTRACTS

  total $72,356 · program services $59,970 · management and general $12,386

• 24b · Other expenses: DUES AND SUBSCRIPTIONS

  total $18,187 · program services $12,764 · management and general $5,423

• 24e · All other expenses

  total $3,645 · management and general $3,645

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,227,557 · end of year $5,789,289

• 2 · Savings and temporary cash investments

  beginning of year $1,856,663 · end of year $1,959,160

• 3 · Pledges and grants receivable

  beginning of year $1,027,007 · end of year $1,803,879

• 9 · Prepaid expenses and deferred charges

  beginning of year $53,038 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $2,508,447 · end of year $4,344,612

• 19 · Deferred revenue

  beginning of year $1,602,192 · end of year $1,812,351

• 27 · Net assets without donor restrictions

  beginning of year $1,820,283 · end of year $3,262,499

• 28 · Net assets with donor restrictions

  beginning of year $233,343 · end of year $132,866

The filer's explanations (Part III)

SCHEDULE J, PART II

TYLER REINAGEL RECEIVED COMPENATION IN CALENDAR YEAR 2023 FROM A RELATED ORGANIZATION, KENNESAW STATE UNIVERSITY ("KSU"), FOR SERVICES AS AVP OF ECONOMIC DEVELOPMENT AT KSU. COMPENSATION SHOWN ON SCHEDULE J AND FORM 990, PART VII IS NOT RELATED TO HIS ROLE AS INTERIM COO, WHICH CEASED AT THE END OF THE FISCAL YEAR ENDED JUNE 30, 2023. KSU RSF DOES NOT DIRECTLY EMPLOY ANY INDIVIDUALS AND THEREFORE HAS NO W-2 EMPLOYEES. FOUNDATION STAFF ARE EMPLOYED BY THE REPORTING AGENT, KENNESAW STATE UNIVERSITY (EIN 58-0968786), A RELATED ORGANIZATION. THE SALARIES AND ASSOCIATED COMPENSATION COSTS FOR THESE INDIVIDUALS ARE ACCOUNTED FOR AS NONFINANCIAL IN-KIND CONTRIBUTIONS TO THE FOUNDATION.