Form 990 for tax year 2023

Totals

Total revenue

$29,321,726

Total expenses

$20,484,259

Contributions and grants received

$1,909,204

Grants paid

$4,271,660

Program service revenue

$24,438,095

Investment income

$3,174,700

Other revenue

-$200,273

Total assets, end of year

$542,098,595

Total liabilities, end of year

$488,158,466

Net assets or fund balances, end of year

$53,940,129

Program services expenses (Part IX)

$19,909,382

Management and general expenses

$274,819

Fundraising expenses

$300,058

Program service expenses (Part III)

$19,909,382

Program services were 97.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

• CADE JOINER

  CHAIR

  Total calculated

  $0

  Hours/week

  2

• ELIZABETH A TERRELL

  VICE CHAIR

  Total calculated

  $0

  Hours/week

  1

• T DALLAS SMITH

  SECRETARY

  Total calculated

  $0

  Hours/week

  1

• TY SMITH

  TREASURER

  Total calculated

  $0

  Hours/week

  1

• NEIL L PRUITT JR

  PRESIDENT USGREF MANAGER, LLC

  Total calculated

  $0

  Hours/week

  2

• TEDDY RUSSELL

  IMMEDIATE PAST CHAIR

  Total calculated

  $0

  Hours/week

  0.5

• M BRIAN BLAKE

  TRUSTEE

  Total calculated

  $0

  Hours/week

  0.5

• CHRISTINE BOUCHER

  TRUSTEE

  Total calculated

  $0

  Hours/week

  0.5

• GEORGE BROOKS

  TRUSTEE

  Total calculated

  $0

  Hours/week

  0.5

• RICH JOHNSON

  TRUSTEE

  Total calculated

  $0

  Hours/week

  0.5

• SARAH-ELIZABETH LANGFORD

  TRUSTEE

  Total calculated

  $0

  Hours/week

  0.5

• DONALD LEEBERN

  TRUSTEE

  Total calculated

  $0

  Hours/week

  0.5

• KELLY LOEFFLER

  TRUSTEE

  Total calculated

  $0

  Hours/week

  0.5

• ANDY MACKE

  TRUSTEE

  Total calculated

  $0

  Hours/week

  0.5

• JOHN J NEELY III

  TRUSTEE

  Total calculated

  $0

  Hours/week

  0.5

• COURTNEY SMITH

  TRUSTEE

  Total calculated

  $0

  Hours/week

  0.5

• JULIE SMITH

  TRUSTEE

  Total calculated

  $0

  Hours/week

  0.5

• MALCOLM SMITH

  TRUSTEE

  Total calculated

  $0

  Hours/week

  0.5

• JAMES K SYFAN III

  TRUSTEE

  Total calculated

  $0

  Hours/week

  0.5

• CHRISTINA PALOSKI

  ASST VICE CHAN FOR DEVELOPMENT

  Total calculated

  $146,330

  From this org

  $133,773

  From related orgs

  $0

  Other

  $12,557

  Hours/week

  40

• SCOTT BRYANT

  CEO/VICE CHANCELLOR FOR DEVELOPMENT

  Total calculated

  $0

  Hours/week

  40

• KIRBY A THOMPSON

  CEO/VICE CHANCELLOR FOR DEVELOPMENT

  Total calculated

  $182,293

  From this org

  $154,547

  From related orgs

  $0

  Other

  $27,746

  Hours/week

  40

  Schedule J breakdown matched by us

  Base

  $154,547

  Bonus

  $0

  Other

  $0

  Deferred

  $14,280

  Nontaxable benefits

  $13,466

  Filer's total

  $182,293

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

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

• GORDON COLLEGE FOUNDATION INC

  $919,285

  SCHOLARSHIPS AND CAPITAL IMPROVEMENTS

• FORT VALLEY STATE UNIVERSITY

  $725,305

  CAPITAL IMPROVEMENTS

• ALBANY STATE UNIVERSITY

  $505,575

  CAPITAL IMPROVEMENTS

• GEORGIA STATE UNIVERSITY FOUNDATION

  $233,145

  SCHOLARSHIPS

• COLLEGE OF COASTAL GEORGIA FOUNDATION

  $200,778

  CAPACITY BUILDING GRANT AND SCHOLARSHIPS

• GEORGIA COLLEGE AND STATE UNIVERSITY

  $193,155

  CAPITAL IMPROVEMENTS

• KENNESAW STATE UNIVERSITY FOUNDATION

  $190,498

  SCHOLARSHIPS AND CAPITAL IMPROVEMENTS

• MIDDLE GEORGIA STATE UNIVERSITY FOUNDATION

  $135,857

  SCHOLARSHIPS AND CAPITAL IMPROVEMENTS

• UNIVERSITY OF NORTH GEORGIA FOUNDATION - DAHLONEGA INC

  $130,666

  SCHOLARSHIPS

• ABRAHAM BALDWIN AGRICULTURAL COLLEGE FOUNDATION

  $100,923

  SCHOLARSHIPS

The 10 largest by cash amount. The API serves every itemized grant.

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.

Provenance

Return type

form_990

Tax year

2023

Filed

8 May 2025

IRS schema version

2023v6.0

Source object

202501359349314315

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.