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Nonprofiteer
← MEDICAL COLLEGE OF GEORGIA FOUNDATION INC

Form 990 for tax year 2022

Filed by MEDICAL COLLEGE OF GEORGIA FOUNDATION INC.

Totals

Total revenue
$16,214,900
Total expenses
$12,614,609
Contributions and grants received
$14,330,039
Grants paid
$9,487,963
Program service revenue
$0
Investment income
$2,748,851
Other revenue
-$863,990
Total assets, end of year
$348,977,270
Total liabilities, end of year
$17,384,443
Net assets or fund balances, end of year
$331,592,827
Program services expenses (Part IX)
$9,577,226
Management and general expenses
$2,209,381
Fundraising expenses
$828,002
Program service expenses (Part III)
$9,577,226

Program services were 75.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • IAN S MERCIER

    PRESIDENT/CEO

    Total calculated
    $334,299
    From this org
    $272,665
    From related orgs
    $0
    Other
    $61,634
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $272,665
    Bonus
    $0
    Other
    $0
    Deferred
    $44,767
    Nontaxable benefits
    $16,867
    Filer's total
    $334,299

  • MARTYN JONES

    PACELINE PRESIDENT

    Total calculated
    $229,849
    From this org
    $198,000
    From related orgs
    $0
    Other
    $31,849
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,000
    Bonus
    $0
    Other
    $0
    Deferred
    $19,800
    Nontaxable benefits
    $12,049
    Filer's total
    $229,849

  • ANGELA REES

    CFO

    Total calculated
    $179,523
    From this org
    $156,875
    From related orgs
    $0
    Other
    $22,648
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,875
    Bonus
    $0
    Other
    $0
    Deferred
    $21,937
    Nontaxable benefits
    $711
    Filer's total
    $179,523

  • JAMES HOLMES

    VP, PACELINE

    Total calculated
    $148,757
    From this org
    $119,900
    From related orgs
    $0
    Other
    $28,857
    Hours/week
    40

  • JOHN ELLINGER

    DIRECTOR OF IT

    Total calculated
    $128,550
    From this org
    $105,910
    From related orgs
    $0
    Other
    $22,640
    Hours/week
    40

  • TIM KEARNEY

    COO

    Total calculated
    $119,188
    From this org
    $102,025
    From related orgs
    $0
    Other
    $17,163
    Hours/week
    40

  • CHARLES G GREEN JR MD

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.3

  • LOYD B SCHNUCK JR MD

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.3

  • J BENJAMIN DEAL DMD

    PAST CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.3

  • BROOKS KEEL PHD

    EX OFFICIO

    Total calculated
    $0
    Hours/week
    0.3

  • BUFFI G BOYD MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • RICHARD M FRANZA PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • SAM W RICHWINE JR MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • JUDITH V HODNETT RN MSN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • RON SPEARMAN MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • CAROLE M HANES DMD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • DON GRANTHAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • TAT THOMPSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • JOSHUA A LANE MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • ELLEN GOODRICH BSN MN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • MURRAY A FREEDMAN MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • JAMES DAVIS MD FACRA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • TERRI G LOCKHART MD FACP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • VENDIE HHOOKS MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • PAUL G TURK MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • A LYNNE BRANNEN II MD FCCP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 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)

PART I, LINE 1A
THE ORGANIZATION PAYS FOR THE PRESIDENT/CEO'S COUNTRY CLUB INITIATION FEES.

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

  • AUGUSTA UNIVERSITY

    $9,487,963

    INSTITUTIONAL SUPPORT

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.

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.

  • CENTRAL SQUARE LLC

    REAL ESTATE ACTIVITIES · GA · income $37,170 · assets $676,637

    Directly controlled by MEDICAL COLLEGE OF GEORGIA FOUNDATION INC

  • RESURGENS PROPERTIES LLC

    REAL ESTATE ACTIVITIES · GA · income $0 · assets $13,561,464

    Directly controlled by MEDICAL COLLEGE OF GEORGIA FOUNDATION INC

  • PACELINE RIDE LLC

    FUNDRAISE ACTIVITIES · GA · income $0 · assets $71,364

    Directly controlled by MEDICAL COLLEGE OF GEORGIA FOUNDATION INC

Provenance

Return type
form_990
Tax year
2022
Filed
22 March 2024
IRS schema version
2022v5.0
Source object
202440959349300134

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