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Nonprofiteer
← FORT VALLEY STATE UNIVERSITY FOUNDATION INC

Form 990 for tax year 2024

Filed by FORT VALLEY STATE UNIVERSITY FOUNDATION INC.

Totals

Total revenue
$5,391,872
Total expenses
$4,887,111
Contributions and grants received
$2,788,132
Grants paid
$2,567,680
Program service revenue
$771,667
Investment income
$292,562
Other revenue
$1,539,511
Total assets, end of year
$34,671,962
Total liabilities, end of year
$16,523,058
Net assets or fund balances, end of year
$18,148,904
Program services expenses (Part IX)
$3,327,129
Management and general expenses
$1,559,982
Fundraising expenses
$0
Program service expenses (Part III)
$3,327,129

Program services were 68.1% 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

    $2,788,132

  • 2a · Program service revenue: STUDENT HOUSING

    total $771,667 · related or exempt $771,667

  • 3 · Investment income

    total $292,562 · excluded $292,562

  • 6a · Gross rents

    real property $12,463

  • 6c · Rental income or loss

    real property $12,463

  • 6d · Net rental income or loss

    total $12,463 · excluded $12,463

  • 11a · Other revenue: REALIZED/UNREALIZED GAINS

    total $1,518,898 · excluded $1,518,898

  • 11b · Other revenue: OTHER REVENUE

    total $8,150 · related or exempt $8,150

  • 11e · Other revenue, total

    $1,527,048

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,567,680 · program services $2,567,680

  • 11f · Fees: investment management

    total $137,980 · program services $137,980

  • 12 · Advertising and promotion

    total $7,933 · management and general $7,933

  • 13 · Office expenses

    total $82,698 · management and general $82,698

  • 16 · Occupancy

    total $621,469 · program services $621,469

  • 17 · Travel

    total $130,819 · management and general $130,819

  • 24a · Other expenses: SUPPLIES, SERVICES, OTHER

    total $1,214,837 · management and general $1,214,837

  • 24b · Other expenses: MEASL AND ENTERTAINMENT

    total $89,710 · management and general $89,710

  • 24c · Other expenses: DUES, MEMBERSHIPS

    total $33,985 · management and general $33,985

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,096,290 · end of year $1,390,075

  • 4 · Accounts receivable

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

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

    $2,104,720

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

    $987,207

  • 10c · Land, buildings and equipment, net

    beginning of year $1,152,590 · end of year $1,117,513

  • 11 · Investments: publicly traded securities

    beginning of year $13,168,770 · end of year $14,719,472

  • 15 · Other assets

    beginning of year $18,441,612 · end of year $17,434,902

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,614,660 · end of year $1,648,411

  • 20 · Tax-exempt bond liabilities

    beginning of year $15,403,763 · end of year $14,692,470

  • 23 · Secured mortgages and notes payable

    beginning of year $56,858 · end of year $37,957

  • 25 · Other liabilities

    beginning of year $149,838 · end of year $144,220

  • 27 · Net assets without donor restrictions

    beginning of year $17,644,143 · end of year $18,148,904

Mission and programs · 2024

Mission

THE PURPOSE OF THE FOUNDATION IS TO PROMOTE HIGHER EDUCATION IN THE STATE OF GEORGIA, TO RAISE AND RECEIVE FUNDS FOR THE SUPPORT AND ENHANCEMENT OF THE FORT VALLEY STATE UNIVERSITY (FVSU), AND TO AID FVSU IN ITS DEVELOPMENT AS A LEADING EDUCATIONAL INSTITUTION.

Activities or mission (Part I)

THE PURPOSE OF THE FOUNDATION IS TO PROMOTE HIGHER EDUCATION IN THE STATE OF GEORGIA, TO RAISE AND RECEIVE FUNDS FOR THE SUPPORT AND ENHANCEMENT OF THE FORT VALLEY STATE UNIVERSITY (FVSU), AND TO AID FVSU IN ITS DEVELOPMENT AS A LENDING EDUCATIONAL INSTUTUTION.

  • TO SUPPORT THE ACTIVITIES OF FVSU AND TO PROMOTE HIGHER EDUCATION IN THE STATE OF GEORGIA.

    Expenses $3,327,129 · Grants $2,567,680

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Karen Wright

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    40

  • Kenneth Howard

    ACTING CHARI

    Total calculated
    $0

  • Patty James Stinson

    DIRECTOR

    Total calculated
    $0

  • Vernand Hodges

    TREASURER

    Total calculated
    $0

  • Cynthia Carter

    SECRETARY

    Total calculated
    $0

  • Theodore Daniels

    DIRECTOR

    Total calculated
    $0

  • Angela Fussell

    DIRECTOR

    Total calculated
    $0

  • Douglas Hendrix

    DIRECTOR

    Total calculated
    $0

  • Gwendolyn Reeves

    DIRECTOR

    Total calculated
    $0

  • Arthur Johnson

    DIRECTOR

    Total calculated
    $0

  • Yewston N Myers III

    DIRECTOR

    Total calculated
    $0

  • Barnard Ingram

    DIRECTOR

    Total calculated
    $0

  • Paul A Jones

    DIRECTOR

    Total calculated
    $0

  • Gary Lee

    DIRECTOR

    Total calculated
    $0

  • Phyllis Kitchens Thurmond

    DIRECTOR

    Total calculated
    $0

  • Barbara Hollimon Palmer

    DIRECTOR

    Total calculated
    $0

  • Garren Walker

    DIRECTOR

    Total calculated
    $0

  • Isaac Crumbly

    DIRECTOR

    Total calculated
    $0

  • Andrew Reese

    DIRECTOR

    Total calculated
    $0

  • Keith McRae

    DIRECTOR

    Total calculated
    $0

  • Miram Love

    DIRECTOR

    Total calculated
    $0

  • Patrick Harris

    DIRECTOR

    Total calculated
    $0

  • Rose Holton

    DIRECTOR

    Total calculated
    $0

  • Kaypres Jackson

    DIRECTOR

    Total calculated
    $0

  • Michelle Martin

    DIRECTOR

    Total calculated
    $0

  • Willie Billingslea

    DIRECTOR

    Total calculated
    $0

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

  • FORT VALLEY STATE UNIVERSITY

    $2,567,680

    SCHOLARSHIPS FOR STU

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.

  • FORT VALLEY STATE UNIVERSITY

    NA · EDUCATION · GA

    Directly controlled by NA

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.

  • FVSUF WILDCAT COMMONS III LLC

    SUDENT HOU · GA

    Directly controlled by FORT VALLE

Provenance

Return type
form_990
Tax year
2024
Filed
22 January 2026
IRS schema version
2024v5.0
Source object
202610239349300601

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