Form 990 for tax year 2023
Filed by UNIVERSITY OF WEST GEORGIA FOUNDATION INC.
Totals
- Total revenue
- $7,215,916
- Total expenses
- $6,114,917
- Contributions and grants received
- $2,927,787
- Grants paid
- $4,591,893
- Program service revenue
- $1,814,750
- Investment income
- $2,255,994
- Other revenue
- $217,385
- Total assets, end of year
- $98,987,761
- Total liabilities, end of year
- $30,912,365
- Net assets or fund balances, end of year
- $68,075,396
- Program services expenses (Part IX)
- $5,409,141
- Management and general expenses
- $481,505
- Fundraising expenses
- $224,271
- Program service expenses (Part III)
- $5,409,141
Program services were 88.5% 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.
-
1c · Fundraising events
$200,497
-
1f · All other contributions, gifts and grants
$2,727,290
-
1g · Noncash contributions included above
$1,040,159
-
2a · Program service revenue: INTEREST ON LEASING
total $1,180,531 · related or exempt $1,180,531
-
2b · Program service revenue: LEASING INCOME
total $491,475 · related or exempt $491,475
-
2c · Program service revenue: ALUMNI TRAVEL PROGRAM
total $142,361 · related or exempt $142,361
-
2d · Program service revenue: ALL OTHER PROGRAM INCOME
total $383 · related or exempt $383
-
3 · Investment income
total $1,562,948 · excluded $1,562,948
-
7a · Gross sales of assets other than inventory
securities $693,046
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $693,046
-
7d · Net gain or loss
total $693,046 · excluded $693,046
-
8a · Fundraising events: gross income
$51,696
-
8a · Fundraising events: contributions included on line 1c
$200,497
-
8b · Fundraising events: direct expenses
$217,983
-
8c · Net income from fundraising events
total -$166,287 · excluded -$166,287
-
9a · Gaming: gross income
$5,075
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $5,075 · excluded $5,075
-
11a · Other revenue: INSURANCE PROCEEDS
total $378,597 · excluded $378,597
-
11e · Other revenue, total
$378,597
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $4,507,557 · program services $4,507,557
-
2 · Grants to domestic individuals
total $84,336 · program services $84,336
-
11b · Fees: legal
total $1,425 · management and general $1,425
-
11c · Fees: accounting
total $71,663 · management and general $71,663
-
11f · Fees: investment management
total $100,113 · management and general $100,113
-
11g · Fees: other
total $236,164 · management and general $107,811 · fundraising $128,353
-
13 · Office expenses
total $57,945 · management and general $41,019 · fundraising $16,926
-
14 · Information technology
total $5,719 · management and general $5,719
-
17 · Travel
total $13,668 · management and general $5,768 · fundraising $7,900
-
19 · Conferences, conventions and meetings
total $20,609 · management and general $659 · fundraising $19,950
-
20 · Interest
total $818,324 · program services $817,248 · management and general $1,076
-
23 · Insurance
total $32,466 · management and general $32,466
-
24a · Other expenses: BAD DEBT
total $90,476 · management and general $90,476
-
24b · Other expenses: MEALS AND ENTERTAINMENT
total $32,600 · management and general $11,042 · fundraising $21,558
-
24c · Other expenses: RECOGNITION AND AWARDS
total $12,504 · management and general $1,525 · fundraising $10,979
-
24d · Other expenses: MEMBERSHIP AND DUES
total $7,995 · management and general $6,000 · fundraising $1,995
-
24e · All other expenses
total $21,353 · management and general $4,743 · fundraising $16,610
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,748,258 · end of year $1,427,241
-
2 · Savings and temporary cash investments
beginning of year $2,138
-
3 · Pledges and grants receivable
beginning of year $11,311,121 · end of year $6,545,781
-
4 · Accounts receivable
beginning of year $19,414 · end of year $42,625
-
9 · Prepaid expenses and deferred charges
beginning of year $9,577 · end of year $21,067
-
10a · Land, buildings and equipment: cost or other basis
$329,190
-
10b · Land, buildings and equipment: accumulated depreciation
$329,190
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $43,184,137 · end of year $55,772,309
-
13 · Investments: program-related
beginning of year $30,122,695 · end of year $27,688,244
-
15 · Other assets
beginning of year $9,174,059 · end of year $7,490,494
-
17 · Accounts payable and accrued expenses
beginning of year $1,809,688 · end of year $643,752
-
19 · Deferred revenue
beginning of year $19,445 · end of year $15,700
-
20 · Tax-exempt bond liabilities
beginning of year $30,985,275 · end of year $28,444,473
-
25 · Other liabilities
beginning of year $2,333,467 · end of year $1,808,440
-
27 · Net assets without donor restrictions
beginning of year $11,095,584 · end of year $11,604,927
-
28 · Net assets with donor restrictions
beginning of year $52,327,940 · end of year $56,470,469
Mission and programs · 2023
Mission
IT IS THE MISSION OF THE UNIVERSITY OF WEST GEORGIA FOUNDATION, INC. TO SUPPORT THE UNIVERSITY OF WEST GEORGIA IN ITS MISSION TO PROVIDE EXCELLENT HIGHER EDUCATION TO IT CONSTITUENCIES.
Activities or mission (Part I)
THE UNIVERSITY OF WEST GEORGIA FOUNDATION, INC. AND SUBSIDIARIES HAVE THE FOLLOWING PROGRAM MISSIONS:1 - STUDENT SCHOLARSHIPS AND SUPPORT2 - PROGRAMMATIC AND INSTITUTIONAL SUPPORT3 - STUDENT HOUSING SUPPORT
-
THE UNIVERSITY OF WEST GEORGIA FOUNDATION PROVIDES STUDENT HOUSING ON CAMPUS FOR UNIVERSITY OF WEST GEORGIA STUDENTS.
Expenses $2,370,860 · Grants $1,553,612 · Revenue $1,672,006
-
THE UNIVERSITY OF WEST GEORGIA FOUNDATION RAISES PHILANTHROPIC DOLLARS TO FUND MERIT AND/OR NEEDS-BASED SCHOLARSHIPS FOR UNIVERSITY OF WEST GEORGIA STUDENTS AS WELL AS NUMEROUS DEPARTMENTAL, SCHOLASTIC AWARDS.
Expenses $1,997,250 · Grants $1,997,250
-
THE UNIVERSITY OF WEST GEORGIA FOUNDATION RAISES PHILANTHROPIC DOLLARS TO FUND DEPARTMENTAL, PROGRAMMATIC AND INSTITUTIONAL SUPPORT AT THE UNIVERSITY OF WEST GEORGIA.
Expenses $1,041,031 · Grants $1,041,031 · Revenue $142,744
As filed on the 2023 return.
Listed in Part VII
-
Dr Meredith BrunenDR MEREDITH BRUNEN
CEO
- Total calculated
- $50,675
- From this org
- $43,304
- From related orgs
- $0
- Other
- $7,371
- Hours/week
- 2
-
Holly SailersHOLLY SAILERS
CFO UWG FOUNDATIONS (TO JULY 2023)
- Total calculated
- $28,717
- From this org
- $22,050
- From related orgs
- $0
- Other
- $6,667
- Hours/week
- 16
-
Mr Gary KinardMR GARY KINARD
TRUSTEE/VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.2
-
Ms Ann NewmanMS ANN NEWMAN
TRUSTEE/PAST CHAIR
- Total calculated
- $0
- Hours/week
- 0.2
-
Ms Honey ShacklefordMS HONEY SHACKLEFORD
TRUSTEE/SECRETARY
- Total calculated
- $0
- Hours/week
- 0.1
-
Mr David R Edwards Invfin Com ChMR DAVID R EDWARDS INVFIN COM CH
TRUSTEE/TREASURER
- Total calculated
- $0
- Hours/week
- 0.2
-
Mr Josh ChapmanMR JOSH CHAPMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.2
-
Mr Bruce BobickMR BRUCE BOBICK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Ms Tonya Byrd Bdc ChairMS TONYA BYRD BDC CHAIR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Mr Brian DillMR BRIAN DILL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Mr David B DennisMR DAVID B DENNIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Dr Richard IngleDR RICHARD INGLE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Mrs Vicki KaiserMRS VICKI KAISER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Mr Scott Kauffman Ref ChMR SCOTT KAUFFMAN REF CH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.2
-
Mr Gerald KempMR GERALD KEMP
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Mrs Amanda LuceyMRS AMANDA LUCEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Mr John Paulk IIIMR JOHN PAULK III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Ms Christa L Pitts Rdc ChMS CHRISTA L PITTS RDC CH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.2
-
Mr Zach SteedMR ZACH STEED
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Mr Michael StoneMR MICHAEL STONE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Mr Steve SwopeMR STEVE SWOPE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Dr Jason Thogmartim Audit Com ChDR JASON THOGMARTIM AUDIT COM CH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.2
-
Ms Mary TrittMS MARY TRITT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Mr David WareMR DAVID WARE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Mr Jim GillMR JIM GILL
LIFE TIME MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
Mr Robert J StoneMR ROBERT J STONE
LIFE TIME MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
Dr Beheruz N SethnaDR BEHERUZ N SETHNA
HONORARY
- Total calculated
- $0
- Hours/week
- 0.1
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.
Schedule J
Answered yes
None.
Answered no
- 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)
- FORM 990, PART VII
- THE UNIVERSITY OF WEST GEORGIA FOUNDATION DOES NOT HAVE ANY W-2 EMPLOYEES. ALL PERSONNEL ASSOCIATED WITH THE FOUNDATION ARE EMPLOYED BY THE UNIVERSITY OF WEST GEORGIA, EIN 58-6002055, AN UNRELATED ORGANIZATION. THE FOUNDATION REIMBURSES THE UNIVERSITY FOR THE COMPENSATION OF TWO STAFF PROVIDING SERVICES TO THE ASSOCIATION. OTHER UNIVERSITY EMPLOYEES, WORKING FOR THE FOUNDATION, HAVE THEIR COMPENSATED SERVICES DONATED TO THE FOUNDATION BY THE UNIVERSITY. DR. MEREDITH BRUNEN, CEO, SPENDS 20% OF HER TIME WITH THE UWG FOUNDATION AND RECEIVED $50,675 OF COMPENSATION AND BENEFITS FROM THE UNIVERSITY OF WEST GEORGIA, FOR SERVICES PROVIDED TO UWG FOUNDATION. HOLLY SAILERS, CFO OF UWG FOUNDATIONS, SPENDS 40% OF HER TIME WITH THE UWG FOUNDATION AND RECEIVED $28,717 OF COMPENSATION AND BENEFITS FROM THE UNIVERSITY OF WEST GEORGIA, FOR SERVICES PROVIDED TO THE UWG FOUNDATION.
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
-
UNIVERSITY OF WEST GEORGIA
$1,948,210
STUDENT SCHOLARSHIPS
-
UNIVERSITY OF WEST GEORGIA
$1,511,383
STUDENT HOUSING IMPROVEMENT SUPPORT
-
UNIVERSITY OF WEST GEORGIA
$733,723
PROGRAMMATIC & OTHER INSTITUTIONAL SUPPORT
-
UNIVERSITY OF WEST GEORGIA
$226,712
FACULTY & STAFF COMPENSATION SUPPORT
-
OPERATIONAL SUPPORT
-
OPERATIONAL SUPPORT
-
UNIVERSITY OF WEST GEORGIA
$0
FURNITURE, FIXTURES & MINOR EQUIPMENT
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.
-
UWG VILLAGE LLC
REAL ESTATE LESSORS · GA · income $0 · assets $0
Directly controlled by UNIVERSITY OF WEST GEORGIA FOUNDATION INC
-
UWG HOUSING LLC (FKA EVERGREEN COMPLEX LLC)
REAL ESTATE LESSORS · GA · income $2,243,201 · assets $33,759,171
Directly controlled by UNIVERSITY OF WEST GEORGIA FOUNDATION INC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
SPLIT-INTEREST TRUSTS (2)
T · TRUST · GA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 10 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541359349302739
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