Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $71,106

• 1e · Government grants (contributions)

  $6,897

• 1f · All other contributions, gifts and grants

  $2,086,156

• 1g · Noncash contributions included above

  $23,700

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

  total $88,382 · related or exempt $88,382

• 2b · Program service revenue: RENTAL INCOME

  total $29,996 · related or exempt $29,996

• 3 · Investment income

  total $1,103,735 · excluded $1,103,735

• 6a · Gross rents

  real property $18,000

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $18,000

• 6d · Net rental income or loss

  total $18,000 · excluded $18,000

• 7a · Gross sales of assets other than inventory

  securities $1,583,824

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

  securities $1,268,611 · other assets $1,207

• 7c · Gain or loss

  securities $315,213 · other assets -$1,207

• 7d · Net gain or loss

  total $314,006 · excluded $314,006

• 8a · Fundraising events: gross income

  $42,637

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

  $71,106

• 8b · Fundraising events: direct expenses

  $63,505

• 8c · Net income from fundraising events

  total -$20,868 · excluded -$20,868

• 11a · Other revenue: MISC. FOUNDATION ACTIVITIES

  total $57,645 · excluded $57,645

• 11e · Other revenue, total

  $57,645

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,964,638 · program services $1,964,638

• 11b · Fees: legal

  total $5,800 · management and general $5,800

• 11c · Fees: accounting

  total $31,365 · management and general $31,365

• 11f · Fees: investment management

  total $183,910 · management and general $183,910

• 11g · Fees: other

  total $39,594 · program services $16,590 · management and general $767 · fundraising $22,237

• 12 · Advertising and promotion

  total $10,584 · program services $10,370 · fundraising $214

• 13 · Office expenses

  total $18,454 · program services $11,921 · management and general $4,840 · fundraising $1,693

• 14 · Information technology

  total $60,715 · program services $4,359 · management and general $10,464 · fundraising $45,892

• 16 · Occupancy

  total $5,437 · program services $5,437

• 17 · Travel

  total $71,299 · program services $71,250 · management and general $40 · fundraising $9

• 19 · Conferences, conventions and meetings

  total $253,324 · program services $217,617 · management and general $26,418 · fundraising $9,289

• 20 · Interest

  total $87,199 · program services $87,199

• 22 · Depreciation, depletion and amortization

  total $6,665 · program services $6,665

• 23 · Insurance

  total $16,774 · program services $8,768 · management and general $8,006

• 24a · Other expenses: UBI TAX

  total $2,780 · management and general $2,780

• 24b · Other expenses: REPAIRS AND MAINTENANCE

  total $97,613 · program services $97,613

• 24c · Other expenses: GIFT ANNUITY PAYMENTS

  total $79,499 · program services $79,499

• 24d · Other expenses: REGISTRATION

  total $49,273 · program services $47,303 · fundraising $1,970

• 24e · All other expenses

  total $63,484 · program services $35,983 · management and general $2,944 · fundraising $24,557

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,798,017 · end of year $3,492,302

• 3 · Pledges and grants receivable

  beginning of year $1,201,155 · end of year $654,934

• 4 · Accounts receivable

  beginning of year $1,284 · end of year $2,530

• 9 · Prepaid expenses and deferred charges

  beginning of year $32,135 · end of year $14,014

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

  $1,687,220

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

  $101,564

• 10c · Land, buildings and equipment, net

  beginning of year $1,592,321 · end of year $1,585,656

• 11 · Investments: publicly traded securities

  beginning of year $47,061,249 · end of year $50,914,119

• 12 · Investments: other securities

  beginning of year $2,145,242 · end of year $2,202,885

• 15 · Other assets

  beginning of year $2,864,696 · end of year $2,377,478

• 17 · Accounts payable and accrued expenses

  beginning of year $73,056 · end of year $9,650

• 20 · Tax-exempt bond liabilities

  beginning of year $1,989,205 · end of year $1,528,426

• 25 · Other liabilities

  beginning of year $6,221,634 · end of year $6,629,834

• 27 · Net assets without donor restrictions

  beginning of year $14,148,980 · end of year $14,173,089

• 28 · Net assets with donor restrictions

  beginning of year $37,263,224 · end of year $38,902,919

The filer's explanations (Part III)

FORM 990 PART VII LINE 1A

LISTED ON FORM 990 PART VII LINE 1A IS EXECUTIVE DIRECTOR, SHELLEY STRICKLAND, WHOSE COMPENSATION IS PAID BY AN UNRELATED ENTITY, GEORGIA COLLEGE & STATE UNIVERSITY AND REPORTED UNDER EIN# 58-6002064. TOTAL REPORTABLE COMPENSATION FOR CALENDAR YEAR 2022 WAS $167,241.

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 $188,436 · assets $3,279,556

  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 $26,794 · assets $1,271,276

  Directly controlled by GEORGIA COLLEGE & STATE UNIVERSITY FOUNDATION INC