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Nonprofiteer
← GEORGIA COLLEGE & STATE UNIVERSITY FOUNDATION INC

Form 990 for tax year 2024

Filed by GEORGIA COLLEGE & STATE UNIVERSITY FOUNDATION INC.

Totals

Total revenue
$8,069,282
Total expenses
$3,930,715
Contributions and grants received
$5,035,855
Grants paid
$2,696,014
Program service revenue
$40,511
Investment income
$2,886,776
Other revenue
$106,140
Total assets, end of year
$71,792,342
Total liabilities, end of year
$7,749,341
Net assets or fund balances, end of year
$64,043,001
Program services expenses (Part IX)
$3,504,485
Management and general expenses
$212,332
Fundraising expenses
$213,898
Program service expenses (Part III)
$3,504,485

Program services were 89.2% 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

    $59,531

  • 1f · All other contributions, gifts and grants

    $4,976,324

  • 1g · Noncash contributions included above

    $175,260

  • 2a · Program service revenue: RENTAL INCOME

    total $20,500 · related or exempt $20,500

  • 2b · Program service revenue: DIRECT FINANCING LEASE INCOME

    total $20,011 · related or exempt $20,011

  • 3 · Investment income

    total $1,655,842 · excluded $1,655,842

  • 5 · Royalties

    total $2,492 · excluded $2,492

  • 7a · Gross sales of assets other than inventory

    securities $2,007,862

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

    securities $776,928

  • 7c · Gain or loss

    securities $1,230,934

  • 7d · Net gain or loss

    total $1,230,934 · excluded $1,230,934

  • 8a · Fundraising events: gross income

    $52,365

  • 8a · Fundraising events: contributions included on line 1c

    $59,531

  • 8b · Fundraising events: direct expenses

    $55,605

  • 8c · Net income from fundraising events

    total -$3,240 · excluded -$3,240

  • 11a · Other revenue: MISC. FOUNDATION ACTIVITIES

    total $106,888 · excluded $106,888

  • 11e · Other revenue, total

    $106,888

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,696,014 · program services $2,696,014

  • 11b · Fees: legal

    total $10,227 · management and general $10,227

  • 11c · Fees: accounting

    total $30,081 · management and general $30,081

  • 11f · Fees: investment management

    total $137,002 · management and general $137,002

  • 11g · Fees: other

    total $174,866 · program services $98,375 · management and general $7,350 · fundraising $69,141

  • 12 · Advertising and promotion

    total $14,282 · program services $13,707 · fundraising $575

  • 13 · Office expenses

    total $122,457 · program services $62,810 · management and general $4,454 · fundraising $55,193

  • 14 · Information technology

    total $37,369 · program services $8,767 · management and general $3,450 · fundraising $25,152

  • 16 · Occupancy

    total $8,086 · program services $7,836 · fundraising $250

  • 17 · Travel

    total $207,486 · program services $194,545 · management and general $10,500 · fundraising $2,441

  • 19 · Conferences, conventions and meetings

    total $301,123 · program services $292,804 · fundraising $8,319

  • 20 · Interest

    total $10,283 · program services $10,283

  • 22 · Depreciation, depletion and amortization

    total $6,664 · program services $6,664

  • 23 · Insurance

    total $20,593 · program services $11,863 · management and general $8,730

  • 24a · Other expenses: DECORATIONS, FLOWERS, G

    total $54,845 · program services $34,548 · fundraising $20,297

  • 24b · Other expenses: REGISTRATION

    total $37,588 · program services $26,144 · management and general $133 · fundraising $11,311

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $32,684 · program services $11,209 · management and general $405 · fundraising $21,070

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $25,403 · program services $25,403

  • 24e · All other expenses

    total $3,662 · program services $3,513 · fundraising $149

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,601,285 · end of year $5,302,118

  • 3 · Pledges and grants receivable

    beginning of year $536,394 · end of year $988,803

  • 4 · Accounts receivable

    beginning of year $10,305 · end of year $4,753

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,449 · end of year $2,244

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

    $1,258,860

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

    $114,892

  • 10c · Land, buildings and equipment, net

    beginning of year $1,150,632 · end of year $1,143,968

  • 11 · Investments: publicly traded securities

    beginning of year $55,109,545 · end of year $62,961,687

  • 12 · Investments: other securities

    beginning of year $2,273,771 · end of year $0

  • 15 · Other assets

    beginning of year $1,868,408 · end of year $1,388,769

  • 17 · Accounts payable and accrued expenses

    beginning of year $53,732 · end of year $16,572

  • 20 · Tax-exempt bond liabilities

    beginning of year $1,047,647

  • 25 · Other liabilities

    beginning of year $7,236,545 · end of year $7,732,769

  • 27 · Net assets without donor restrictions

    beginning of year $14,026,390 · end of year $15,485,708

  • 28 · Net assets with donor restrictions

    beginning of year $43,208,475 · end of year $48,557,293

Mission and programs · 2024

Mission

THE FOUNDATION PROMOTES AND SUPPORTS THE MISSION AND VISION OF GEORGIA COLLEGE & STATE UNIVERSITY BY ACQUIRING AND ADMINISTERING RESOURCES, AND BY ADVOCATING FOR THE UNIVERSITY.

Activities or mission (Part I)

TO ENCOURAGE, SOLICIT, RECEIVE AND ADMINISTER GIFTS AND BEQUESTS OF PROPERTY AND FUNDS FOR THE SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES FOR THE ADVANCEMENT OF GEORGIA COLLEGE & STATE UNIVERSITY. PRIVATE GIFTS FROM ALUMNI, FRIENDS, PARENTS, CORPORATIONS AND FOUNDATIONS PROVIDE THE RESOURCES NECESSARY TO OFFER AN OUTSTANDING EDUCATIONAL EXPERIENCE FOR GEORGIA COLLEGE AND STATE UNIVERSITY STUDENTS AND ENHANCE THE OVERALL EXCELLENCE OF THIS INSTITUTION.

  • GRANTING OF SCHOLARSHIPS AND EDUCATIONAL SUPPORT ACTIVITIES TO GEORGIA COLLEGE & STATE UNIVERSITY TO FURTHER THE EDUCATIONAL EXPERIENCE OF THE STUDENTS.

    Expenses $3,465,367 · Grants $2,696,014

  • RENTAL OF STUDENT ACTIVITY CENTER AND PARKING TO GEORGIA COLLEGE & STATE UNIVERSITY.

    Expenses $39,118 · Revenue $40,511

As filed on the 2024 return.

Listed in Part VII

  • JEFF WANSLEY

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0

  • DEREK CHITWOOD

    VICE CHAIR, CHAIR - TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • GARY THROWER

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • ANRESA DAVIS

    SECRETARY, EXECUTIVE, PHILANTHROPY

    Total calculated
    $0
    Hours/week
    0

  • GENIE CHAMBERLIN

    CHAIR - FUNDRAISING

    Total calculated
    $0
    Hours/week
    0

  • MAX CROOK

    CHAIR - INVESTMENT

    Total calculated
    $0
    Hours/week
    0

  • MURALI THIRUMAL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • CHRIS CLARK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • PAM TRAWICK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • STAN WILSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • CATHY COX

    TRUSTEE, PRESIDENT (GCSU)

    Total calculated
    $355,351
    From this org
    $0
    From related orgs
    $309,288
    Other
    $46,063
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $309,288 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $31,878 related
    Nontaxable benefits
    $0 + $14,185 related
    Filer's total
    $0 + $355,351 related

  • DONNA BARWICK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • PAM BOOKER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • LES CALLAHAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • JIMMY CHILDRE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • LOU CHILDS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • ANNE CULBERSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • ALEX GREGORY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • JAY HARRINGTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • KYLE HOOD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • BILL JONES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • JANE KIDD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • KIM MARTIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • GEORGE MARTINEZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • DEBOR MINOR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • BRANDIE MOCK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • PATIENCE PETERSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • DONALD RHODES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • RICHARD RUSSELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • DILANKA SEIMON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • MARIA SHEFFIELD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • BERNARD SOLOMON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • SUSAN STEWART

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • LAURIE K TAYLOR

    AVP ADVANCEMENT SERVICES, GCSU

    Total calculated
    $107,293
    From this org
    $0
    From related orgs
    $80,067
    Other
    $27,226
    Hours/week
    5 + 35 related

  • B SETH WALKER

    EXECUTIVE DIRECTOR, VP UNIVERSITY ADV, GCSU

    Total calculated
    $234,366
    From this org
    $0
    From related orgs
    $194,180
    Other
    $40,186
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $194,180 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $20,005 related
    Nontaxable benefits
    $0 + $20,181 related
    Filer's total
    $0 + $234,366 related

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

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

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

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.

  • GC&SU FOUNDATION LLC II

    REAL ESTATE OWNERSHIP/LEASING TO GA. COLLEGE & STATE UNIVERSITY · GA · income $71,937 · assets $0

    Directly controlled by GEORGIA COLLEGE & STATE UNIVERSITY FOUNDATION INC

  • GC&SU FOUNDATION LLC IV

    REAL ESTATE OWNERSHIP/LEASING TO GA. COLLEGE & STATE UNIVERSITY · GA · income $21,532 · assets $1,298,902

    Directly controlled by GEORGIA COLLEGE & STATE UNIVERSITY FOUNDATION INC

Provenance

Return type
form_990
Tax year
2024
Filed
9 March 2026
IRS schema version
2024v5.5
Source object
202600709349300040

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