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Nonprofiteer
← VALDOSTA STATE UNIVERSITY FOUNDATION INC

Form 990 for tax year 2024

Filed by VALDOSTA STATE UNIVERSITY FOUNDATION INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2024 , filed 13 November 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$5,988,101 changed to $12,539,851
Total expenses
$5,613,493 changed to $6,255,055
Contributions and grants received
$2,679,020 changed to $6,603,901
Grants paid
$484,486 changed to $1,359,688
Program service revenue
$397,370 changed to $915,716
Investment income
$2,924,493 changed to $5,062,684
Other revenue
-$12,782 changed to -$42,450
Total assets, end of year
$70,184,700 changed to $78,061,411
Total liabilities, end of year
$1,332,200 changed to $1,093,201
Net assets or fund balances, end of year
$68,852,500 changed to $76,968,210
Program services expenses
$5,493,792 changed to $5,683,344
Management and general expenses
$115,723 changed to $558,602
Fundraising expenses
$3,978 changed to $13,109
Program service expenses (Part III)
$5,493,792 changed to $5,683,344

Totals

Total revenue
$5,988,101
Total expenses
$5,613,493
Contributions and grants received
$2,679,020
Grants paid
$484,486
Program service revenue
$397,370
Investment income
$2,924,493
Other revenue
-$12,782
Total assets, end of year
$70,184,700
Total liabilities, end of year
$1,332,200
Net assets or fund balances, end of year
$68,852,500
Program services expenses (Part IX)
$5,493,792
Management and general expenses
$115,723
Fundraising expenses
$3,978
Program service expenses (Part III)
$5,493,792

Program services were 97.9% 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.

  • 1f · All other contributions, gifts and grants

    $2,679,020

  • 2a · Program service revenue: FEES

    total $267,687 · related or exempt $267,687

  • 2b · Program service revenue: OTHER REVENUE

    total $129,683 · related or exempt $129,683

  • 3 · Investment income

    total $993,904 · excluded $993,904

  • 5 · Royalties

    total $8,752 · excluded $8,752

  • 6b · Less rental expenses

    real property $21,534

  • 6c · Rental income or loss

    real property -$21,534

  • 6d · Net rental income or loss

    total -$21,534 · excluded -$21,534

  • 7a · Gross sales of assets other than inventory

    securities $19,248,759

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

    securities $17,318,170

  • 7c · Gain or loss

    securities $1,930,589

  • 7d · Net gain or loss

    total $1,930,589 · excluded $1,930,589

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $484,486 · program services $484,486

  • 11b · Fees: legal

    total $3,852 · management and general $3,852

  • 11c · Fees: accounting

    total $130 · management and general $130

  • 11f · Fees: investment management

    total $95,667 · program services $95,667

  • 11g · Fees: other

    total $278,072 · program services $259,391 · management and general $18,681

  • 12 · Advertising and promotion

    total $16,853 · program services $16,853

  • 13 · Office expenses

    total $49,040 · program services $49,040

  • 14 · Information technology

    total $4,551 · management and general $4,551

  • 16 · Occupancy

    total $383,606 · program services $383,606

  • 17 · Travel

    total $108,698 · program services $108,698

  • 19 · Conferences, conventions and meetings

    total $167,016 · program services $167,016

  • 20 · Interest

    total $9,713 · management and general $9,713

  • 22 · Depreciation, depletion and amortization

    total $3,573 · management and general $3,573

  • 23 · Insurance

    total $75,223 · management and general $75,223

  • 24a · Other expenses: Payments to or on behal

    total $3,318,265 · program services $3,318,265

  • 24b · Other expenses: Meals and entertainment

    total $323,946 · program services $323,946

  • 24c · Other expenses: Supplies

    total $113,664 · program services $109,686 · fundraising $3,978

  • 24d · Other expenses: Miscellaneous Other Exp

    total $94,643 · program services $94,643

  • 24e · All other expenses

    total $82,495 · program services $82,495

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $159,770 · end of year $366,079

  • 2 · Savings and temporary cash investments

    beginning of year $1,963,960 · end of year $2,591,622

  • 3 · Pledges and grants receivable

    beginning of year $293,460 · end of year $195,805

  • 9 · Prepaid expenses and deferred charges

    beginning of year $66,269 · end of year $69,902

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

    $2,393,299

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

    $674,679

  • 10c · Land, buildings and equipment, net

    beginning of year $2,140,206 · end of year $1,718,620

  • 11 · Investments: publicly traded securities

    beginning of year $63,800,865 · end of year $65,242,672

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,897 · end of year $546,107

  • 23 · Secured mortgages and notes payable

    beginning of year $662,119 · end of year $617,390

  • 25 · Other liabilities

    beginning of year $148,955 · end of year $168,703

  • 27 · Net assets without donor restrictions

    beginning of year $2,212,642 · end of year $1,017,570

  • 28 · Net assets with donor restrictions

    beginning of year $65,379,917 · end of year $67,834,930

Mission and programs · 2024

Mission

The Foundation exists to support development of educational excellence at Valdosta State University.

  • The Foundation's primary efforts are directed toward attracting, receiving, investing, managing, and expending gifts and other resources designated for the academic, artistic, athletic, teaching, research, and public service programs of the University.

    Expenses $5,009,306 · Revenue $397,370

  • Scholarships to students of Valdosta State University.

    Expenses $484,486 · Grants $484,486

As filed on the 2024 return.

Listed in Part VII

  • Jerry J Jennett

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Richard Carvajal

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Bill Cowart

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Bubba Highsmith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Tim Harris

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Tammy Borders

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Ashley Bell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Lynn Morley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Joe Brownlee

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Elizabeth Clark-Morrison

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Mark Register

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Corrina Robinson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Robert L Shannon Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Sonya Merriman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Bob Hagan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Chunlei Liu

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Trey Sherwood

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Mikki Hudson Wills

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Aimee Nicolosi

    ACCOUNTING DIRECTOR

    Total calculated
    $0
    Hours/week
    40

  • A Parrish Clark Jr

    PAST-CHAIR

    Total calculated
    $0
    Hours/week
    8

  • David A Hiers

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Wade Coleman

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Greg Miller

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Rick Munroe

    CEO

    Total calculated
    $0
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • VALDOSTA STATE UNIVERSITY

    170b1A · EDUCATION · GA

Provenance

Return type
form_990
Tax year
2024
Filed
30 April 2025
IRS schema version
2024v5.1
Source object
202501209349300535

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