← GEORGIA SOUTHERN UNIVERSITY FOUNDATION INC

Form 990 for tax year 2023

Filed by GEORGIA SOUTHERN UNIVERSITY FOUNDATION INC.

Totals

Total revenue: $13,870,426
Total expenses: $15,114,053
Contributions and grants received: $8,618,762
Grants paid: $10,316,039
Program service revenue: $0
Investment income: $5,268,308
Other revenue: -$16,644
Total assets, end of year: $136,999,796
Total liabilities, end of year: $878,452
Net assets or fund balances, end of year: $136,121,344
Program services expenses (Part IX): $12,894,124
Management and general expenses: $1,275,459
Fundraising expenses: $944,470
Program service expenses (Part III): $12,894,124

Program services were 85.3% 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

$111,652
1f · All other contributions, gifts and grants

$8,507,110
1g · Noncash contributions included above

$215,807
3 · Investment income

total $3,426,448 · unrelated business -$162,627 · excluded $3,589,075
5 · Royalties

total $65,418 · excluded $65,418
7a · Gross sales of assets other than inventory

securities $14,527,614
7b · Less cost or other basis and sales expenses

securities $12,685,754
7c · Gain or loss

securities $1,841,860
7d · Net gain or loss

total $1,841,860 · excluded $1,841,860
8a · Fundraising events: gross income

$21,819
8a · Fundraising events: contributions included on line 1c

$111,652
8b · Fundraising events: direct expenses

$150,763
8c · Net income from fundraising events

total -$128,944 · excluded -$128,944
9a · Gaming: gross income

$6,116
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $6,116 · excluded $6,116
11a · Other revenue: REFUNDS, REIMBURSEMENTS, ETC.

total $40,766 · excluded $40,766
11e · Other revenue, total

$40,766

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $10,316,039 · program services $10,316,039
11b · Fees: legal

total $500 · program services $234 · management and general $88 · fundraising $178
11c · Fees: accounting

total $38,254 · management and general $38,254
11e · Fees: professional fundraising services

total $36,156 · fundraising $36,156
11f · Fees: investment management

total $961,630 · management and general $961,630
11g · Fees: other

total $374,116 · program services $225,510 · management and general $27,437 · fundraising $121,169
12 · Advertising and promotion

total $41,810 · program services $24,293 · management and general $1,120 · fundraising $16,397
13 · Office expenses

total $561,171 · program services $399,577 · management and general $22,262 · fundraising $139,332
16 · Occupancy

total $118,256 · program services $118,256
17 · Travel

total $848,088 · program services $660,370 · management and general $28,198 · fundraising $159,520
19 · Conferences, conventions and meetings

total $530,588 · program services $413,146 · management and general $17,642 · fundraising $99,800
20 · Interest

total $19,658 · program services $19,658
22 · Depreciation, depletion and amortization

total $43,506 · program services $43,506
23 · Insurance

total $32,785 · program services $10,745 · management and general $22,040
24a · Other expenses: PROMOTION, CULTIVATION

total $644,499 · program services $462,070 · management and general $21,306 · fundraising $161,123
24b · Other expenses: SUPPLIES AND EQUIPMENT

total $153,038 · management and general $19,459 · fundraising $133,579
24c · Other expenses: DUES AND SUBSCRIPTIONS

total $135,566 · program services $63,464 · management and general $23,806 · fundraising $48,296
24d · Other expenses: RECOGNITION AND ACHIEVE

total $98,087 · program services $69,424 · management and general $3,645 · fundraising $25,018
24e · All other expenses

total $160,306 · program services $67,832 · management and general $88,572 · fundraising $3,902

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $357,827 · end of year $299,941
3 · Pledges and grants receivable

beginning of year $5,518,388 · end of year $4,262,971
10a · Land, buildings and equipment: cost or other basis

$1,864,599
10b · Land, buildings and equipment: accumulated depreciation

$437,385
10c · Land, buildings and equipment, net

beginning of year $1,470,720 · end of year $1,427,214
11 · Investments: publicly traded securities

beginning of year $41,043,763 · end of year $45,390,740
12 · Investments: other securities

beginning of year $73,487,632 · end of year $80,506,806
15 · Other assets

beginning of year $5,192,053 · end of year $5,112,124
17 · Accounts payable and accrued expenses

beginning of year $702,346 · end of year $878,452
27 · Net assets without donor restrictions

beginning of year $8,619,067 · end of year $9,153,195
28 · Net assets with donor restrictions

beginning of year $117,748,970 · end of year $126,968,149

Mission and programs · 2023

Mission

THE GEORGIA SOUTHERN UNIVERSITY FOUNDATION, INC. WAS CREATED TO RAISE PRIVATE FUNDING TO MEET CERTAIN EDUCATIONAL AND INSTITUTIONAL NEEDS AT GEORGIA SOUTHERN UNIVERSITY NOT ADDRESSED BY STATE ALLOCATIONS. THE FOUNDATION'S PRIMARY MISSION IS TO "PROMOTE THE CAUSE OF HIGHER EDUCATION" BY ASSISTING GEORGIA SOUTHERN UNIVERSITY IN FULFILLING ITS MULTIFACETED MISSION:-TO SUPPORT CULTURAL OPPORTUNITIES, ECONOMIC GROWTH, ENVIRONMENTAL QUALITY, SCIENTIFIC AND TECHNOLOGICAL PROGRESS AND SOCIAL AND PERSONAL WELL-BEING.-TO GRADUATE KNOWLEDGEABLE, CLEAR-THINKING, ARTICULATE STUDENTS.-TO EXPAND HORIZONS THROUGH OUTREACH IN SCIENCES AND LIBERAL ARTS, PRESERVATION OF DISTINCTIVE CULTURAL LEGACIES AND ATTENTION TO THE INTEGRITY OF SOUTH GEORGIA'S ENVIRONMENT.

Activities or mission (Part I)

THE GEORGIA SOUTHERN UNIVERSITY FOUNDATION WAS ESTABLISHED IN 1963 TO RECEIVE, MANAGE, AND ADMINISTER PRIVATE GIFTS IN SUPPORT OF THE GEORGIA SOUTHERN UNIVERSITY MISSION AND PRIORITIES. THE FOUNDATION PRIMARILY ACCOMPLISHES THIS MISSION BY PROVIDING LEADERSHIP IN OBTAINING THE RESOURCES NEEDED TO ATTAIN UNIVERSITY GOALS AND THROUGH RESPONSIBLE STEWARDSHIP OF FUNDS AND OTHER ASSETS ENTRUSTED TO IT. THE GEORGIA SOUTHERN UNIVERSITY FOUNDATION RAISES, INVESTS AND DISTRIBUTES PRIVATE DOLLARS NEEDED TO FUND THE PROGRAMS, PROJECTS, SCHOLARSHIPS, EQUIPMENT AND BUILDINGS THAT HELP GEORGIA SOUTHERN UNIVERSITY EARN AND MAINTAIN A REPUTATION FOR EXCELLENCE.

THE GEORGIA SOUTHERN UNIVERSITY FOUNDATION EXISTS TO ASSIST GEORGIA SOUTHERN UNIVERSITY IN FULFILLING ITS MULTIFACETED MISSION AND ITS EFFORTS TO ACHIEVE EDUCATIONAL EXCELLENCE. THE FOUNDATION PRIMARILY ACCOMPLISHES THIS MISSION BY PROVIDING LEADERSHIP IN OBTAINING THE RESOURCES NEEDED TO ATTAIN UNIVERSITY GOALS AND THROUGH RESPONSIBLE STEWARDSHIP OF FUNDS AND OTHER ASSETS ENTRUSTED TO IT. THE GEORGIA SOUTHERN UNIVERSITY FOUNDATION RAISES, INVESTS, AND DISTRIBUTES PRIVATE DOLLARS NEEDED TO FUND THE PROGRAMS, PROJECTS, SCHOLARSHIPS, EQUIPMENT, AND BUILDINGS THAT HELP GEORGIA SOUTHERN UNIVERSITY EARN AND MAINTAIN A REPUTATION FOR EXCELLENCE.

Expenses $12,894,124 · Grants $10,316,039

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Mr Trip C AddisonMR TRIP C ADDISON

PRESIDENT

Total calculated

$284,467

From this org

$242,898

From related orgs

$0

Other

$41,569

Hours/week

40

Schedule J breakdown matched by us

Base

$242,898

Bonus

$0

Other

$0

Deferred

$22,738

Nontaxable benefits

$18,831

Filer's total

$284,467
Mr Stephen MilnerMR STEPHEN MILNER

CHAIR

Total calculated

$0

Hours/week

1
Mrs Dana A PottsMRS DANA A POTTS

TREASURER

Total calculated

$0

Hours/week

1
Mr Richard Timothy Evans JrMR RICHARD TIMOTHY EVANS JR

SECRETARY

Total calculated

$0

Hours/week

1
Dr Don Aaron JrDR DON AARON JR

BOARD MEMBER

Total calculated

$0

Hours/week

1
Ames BarnettAMES BARNETT

BOARD MEMBER

Total calculated

$0

Hours/week

1
Ms Ellen BolchMS ELLEN BOLCH

BOARD MEMBER

Total calculated

$0

Hours/week

1
Mr David H BrookerMR DAVID H BROOKER

BOARD MEMBER

Total calculated

$0

Hours/week

1
Mr Brandon ButlerMR BRANDON BUTLER

BOARD MEMBER

Total calculated

$0

Hours/week

1
Dr Harry CarterDR HARRY CARTER

BOARD MEMBER

Total calculated

$0

Hours/week

1
Dr Kelley ChesterDR KELLEY CHESTER

BOARD MEMBER

Total calculated

$0

Hours/week

1
Mr Bill CriderMR BILL CRIDER

BOARD MEMBER

Total calculated

$0

Hours/week

1
Mr David R EdwardsMR DAVID R EDWARDS

BOARD MEMBER

Total calculated

$0

Hours/week

1
Mr Preston EtheridgeMR PRESTON ETHERIDGE

BOARD MEMBER

Total calculated

$0

Hours/week

1
Christian FlathmanCHRISTIAN FLATHMAN

BOARD MEMBER

Total calculated

$0

Hours/week

1
Ms Kim HartsockMS KIM HARTSOCK

BOARD MEMBER

Total calculated

$0

Hours/week

1
Mr J Ray Hendley SrMR J RAY HENDLEY SR

BOARD MEMBER

Total calculated

$0

Hours/week

1
Mr Cedric D HenryMR CEDRIC D HENRY

BOARD MEMBER

Total calculated

$0

Hours/week

1
Dr John T HodgesDR JOHN T HODGES

BOARD MEMBER

Total calculated

$0

Hours/week

1
Mr Eric JohnsonMR ERIC JOHNSON

BOARD MEMBER

Total calculated

$0

Hours/week

1
Mr Ronny JustMR RONNY JUST

BOARD MEMBER

Total calculated

$0

Hours/week

1
Deborah NelsonDEBORAH NELSON

BOARD MEMBER

Total calculated

$0

Hours/week

1
Mr David PaddisonMR DAVID PADDISON

BOARD MEMBER

Total calculated

$0

Hours/week

1
Ms Sharon PonderMS SHARON PONDER

BOARD MEMBER

Total calculated

$0

Hours/week

1
Mr Michael R Sanders DeceasedMR MICHAEL R SANDERS DECEASED

BOARD MEMBER

Total calculated

$0

Hours/week

1
Ms Dennette ThorntonMS DENNETTE THORNTON

BOARD MEMBER

Total calculated

$0

Hours/week

1
Kash TrivediKASH TRIVEDI

BOARD MEMBER

Total calculated

$0

Hours/week

1
Mr James A Van EppsMR JAMES A VAN EPPS

BOARD MEMBER

Total calculated

$0

Hours/week

1
Craig BrownCRAIG BROWN

CFO

Total calculated

$154,151

From this org

$130,609

From related orgs

$0

Other

$23,542

Hours/week

40

Schedule J breakdown matched by us

Base

$130,609

Bonus

$0

Other

$0

Deferred

$12,591

Nontaxable benefits

$10,951

Filer's total

$154,151
Julie GerbschJULIE GERBSCH

EXECUTIVE DIRECTOR DEVELOP

Total calculated

$189,921

From this org

$173,753

From related orgs

$0

Other

$16,168

Hours/week

40

Schedule J breakdown matched by us

Base

$173,753

Bonus

$0

Other

$0

Deferred

$15,972

Nontaxable benefits

$196

Filer's total

$189,921

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

The filer's explanations (Part III)

FORM 990 PART VII, SECTION A, LINE 5:: THE FOLLOWING INDIVIDUALS WERE COMPENSATED FOR FULL-TIME SERVICES PROVIDED TO THE FOUNDATION BY AN UNRELATED ORGANIZATION, GEORGIA SOUTHERN UNIVERSITY: TRIP ADDISON $284,467 JULIE GERBESCH $189,921 CRAIG BROWN $154,151

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

GEORGIA SOUTHERN UNIVERSITY

$10,309,519

OPERATIONAL SUPPORT

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.

GEORGIA SOUTHERN UNIVERSITY FOUNDATION REAL ESTATE LLC

REAL ESTATE HOLDING COMPANY · GA · income $0 · assets $2,493

Directly controlled by GEORGIA SOUTHERN UNIVERSITY FOUNDATION INC
GEORGIA SOUTHERN UNIVERSITY FOUNDATION REAL ESTATE HOLDINGS LLC

REAL ESTATE HOLDING COMPANY · GA · income $0 · assets $148,663

Directly controlled by GEORGIA SOUTHERN UNIVERSITY FOUNDATION INC
GEORGIA SOUTHERN UNIVERSITY FOUNDATION BOTANICAL GARDENS REAL ESTATE LLC

REAL ESTATE HOLDING COMPANY · GA · income $0 · assets $781,339

Directly controlled by GEORGIA SOUTHERN UNIVERSITY FOUNDATION INC
GEORGIA SOUTHERN UNIVERSITY FOUNDATION GUYTON REAL ESTATE LLC

REAL ESTATE HOLDING COMPANY · GA · income $0 · assets $495,322

Directly controlled by GEORGIA SOUTHERN UNIVERSITY FOUNDATION INC

Provenance

Return type: form_990
Tax year: 2023
Filed: 31 March 2025
IRS schema version: 2023v6.0
Source object: 202530999349301323

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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