Form 990 for tax year 2022
Filed by MIDDLE GEORGIA STATE UNIVERSITY FOUNDATION INC.
Totals
- Total revenue
- $3,286,078
- Total expenses
- $1,381,441
- Contributions and grants received
- $2,642,382
- Grants paid
- $928,038
- Program service revenue
- $353,113
- Investment income
- $207,467
- Other revenue
- $83,116
- Total assets, end of year
- $18,134,090
- Total liabilities, end of year
- $593,080
- Net assets or fund balances, end of year
- $17,541,010
- Program services expenses (Part IX)
- $1,249,032
- Management and general expenses
- $88,413
- Fundraising expenses
- $43,996
- Program service expenses (Part III)
- $1,249,032
Program services were 90.4% 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
$2,642,382
-
1g · Noncash contributions included above
$27,877
-
2a · Program service revenue: ENDOWMT. EARNINGS-FUND SCHOL.
total $348,172 · related or exempt $348,172
-
2b · Program service revenue: PROGRAM RELATED INTEREST INC
total $4,941 · related or exempt $4,941
-
7a · Gross sales of assets other than inventory
securities $3,285,394
-
7b · Less cost or other basis and sales expenses
securities $3,077,927
-
7c · Gain or loss
securities $207,467
-
7d · Net gain or loss
total $207,467 · related or exempt $207,467
-
8a · Fundraising events: gross income
$104,849
-
8b · Fundraising events: direct expenses
$42,624
-
8c · Net income from fundraising events
total $62,225 · excluded $62,225
-
11a · Other revenue: OTHER INCOME
total $20,891 · related or exempt $20,891
-
11e · Other revenue, total
$20,891
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $466,545 · program services $466,545
-
2 · Grants to domestic individuals
total $461,493 · program services $461,493
-
11c · Fees: accounting
total $16,952 · management and general $16,952
-
11f · Fees: investment management
total $82,084 · program services $82,084
-
11g · Fees: other
total $36,884 · program services $4,299 · management and general $20,108 · fundraising $12,477
-
13 · Office expenses
total $29,059 · program services $7,119 · management and general $8,855 · fundraising $13,085
-
16 · Occupancy
total $375 · program services $275 · fundraising $100
-
17 · Travel
total $20,583 · program services $16,173 · management and general $876 · fundraising $3,534
-
19 · Conferences, conventions and meetings
total $21,457 · program services $18,456 · management and general $2,051 · fundraising $950
-
23 · Insurance
total $5,113 · management and general $5,113
-
24a · Other expenses: SUPPLIES
total $112,232 · program services $97,841 · management and general $13,221 · fundraising $1,170
-
24b · Other expenses: FOOD AND BEVERAGE
total $75,640 · program services $60,329 · management and general $4,705 · fundraising $10,606
-
24c · Other expenses: AWARDS
total $23,808 · program services $22,261 · management and general $1,236 · fundraising $311
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $22,717 · program services $11,769 · management and general $9,185 · fundraising $1,763
-
24e · All other expenses
total $6,499 · program services $388 · management and general $6,111
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $587,050 · end of year $1,769,929
-
2 · Savings and temporary cash investments
beginning of year $523,025 · end of year $528,968
-
3 · Pledges and grants receivable
beginning of year $1,034,195 · end of year $1,259,599
-
9 · Prepaid expenses and deferred charges
beginning of year $23,259 · end of year $38,387
-
10a · Land, buildings and equipment: cost or other basis
$182,799
-
10c · Land, buildings and equipment, net
beginning of year $182,799 · end of year $182,799
-
11 · Investments: publicly traded securities
beginning of year $16,779,958 · end of year $14,272,111
-
15 · Other assets
beginning of year $80,646 · end of year $82,297
-
17 · Accounts payable and accrued expenses
beginning of year $93,623 · end of year $183,819
-
18 · Grants payable
beginning of year $188,384 · end of year $204,484
-
25 · Other liabilities
beginning of year $267,092 · end of year $204,777
-
27 · Net assets without donor restrictions
beginning of year $1,050,560 · end of year $799,969
-
28 · Net assets with donor restrictions
beginning of year $17,611,273 · end of year $16,741,041
Mission and programs · 2022
Mission
MIDDLE GEORGIA STATE UNIVERSITY FOUNDATION STRIVES TO IMPROVE THE LIVES OF PEOPLE IN CENTRAL GEORGIA BY ENABLING MIDDLE GEORGIA STATE UNIVERSITY TO ACHIEVE EXTRAORDINARY RESULTS. THE FOUNDATION PROVIDES RESOURCES TO THE UNIVERSITY AND ITS STUDENTS THAT ENHANCE THE EDUCATIONAL EXPERIENCE.
-
MIDDLE GEORGIA STATE UNIVERSITY FOUNDATION PROVIDED 385 SCHOLARSHIPS TO STUDENTS IN THE MIDDLE GEORGIA AREA DURING THE CALENDAR YEAR 2022.
Expenses $461,768 · Grants $461,493 · Revenue $348,172
-
MIDDLE GEORGIA STATE UNIVERSITY FOUNDATION PROVIDES RESOURCES THAT HELP MIDDLE GEORGIA STATE UNIVERSITY ACHIEVE ITS GOALS AND ENHANCE THE EDUCATIONAL EXPERIENCE FOR ITS STUDENTS. THESE RESOURCES ASSIST THE UNIVERSITY BY ENHANCING ACADEMIC PROGRAMS, SUPPORTING FACULTY DEVELOPMENT ACTIVITIES AND INITIATIVES, ACQUIRING NEEDED EQUIPMENT AND RESOURCES, AND CONNECTING THE UNIVERSITY TO THE COMMUNITY.
Expenses $787,264 · Grants $466,545 · Revenue $4,941
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dr Christopher BlakeDR CHRISTOPHER BLAKE
MGA PRESIDEN
- Total calculated
- $364,911
- From this org
- $0
- From related orgs
- $340,613
- Other
- $24,298
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- not reported + $340,613 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $16,300 related
- Nontaxable benefits
- not reported + $7,998 related
- Filer's total
- not reported + $364,911 related
-
Mary McDonaldMARY MCDONALD
EXECUTIVE DI
- Total calculated
- $196,399
- From this org
- $0
- From related orgs
- $171,147
- Other
- $25,252
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- not reported + $171,147 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported + $25,252 related
- Filer's total
- not reported + $196,399 related
-
Nancy StroudNANCY STROUD
TRUSTEE
- Total calculated
- $163,601
- From this org
- $0
- From related orgs
- $128,778
- Other
- $34,823
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- not reported + $128,778 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $27,000 related
- Nontaxable benefits
- not reported + $7,823 related
- Filer's total
- not reported + $163,601 related
-
Amanda FunchesAMANDA FUNCHES
MGA EVP OF F
- Total calculated
- $152,200
- From this org
- $0
- From related orgs
- $146,200
- Other
- $6,000
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- not reported + $146,200 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $6,000 related
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $152,200 related
-
Katherine AllgoodKATHERINE ALLGOOD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Donald R AveryDONALD R AVERY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Chris BrazellCHRIS BRAZELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Charles G BriscoeCHARLES G BRISCOE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Will CurryWILL CURRY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Steven J DaughertySTEVEN J DAUGHERTY
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Dr Lisa GarrettDR LISA GARRETT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tracy GreenTRACY GREEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Butch Kirkley IIBUTCH KIRKLEY II
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Crystal JonesCRYSTAL JONES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert F Hatcher JrROBERT F HATCHER JR
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Keith LolleyKEITH LOLLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tom McMichaelTOM MCMICHAEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Elbert T McQueenELBERT T MCQUEEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Christina O'BrienCHRISTINA O'BRIEN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Charles ParkerCHARLES PARKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Casey PaulkCASEY PAULK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Nikki PaulkNIKKI PAULK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Philip PotterPHILIP POTTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rudell RichardsonRUDELL RICHARDSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jt RicketsonJT RICKETSON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Lauren Roan-ParksLAUREN ROAN-PARKS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Steve SappSTEVE SAPP
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Jimmie SmithDR JIMMIE SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Scott ThompsonSCOTT THOMPSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bob WalkerBOB WALKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Fred WilliamsDR FRED WILLIAMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 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. 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
- 1a · Discretionary spending account
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
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
-
MIDDLE GEORGIA STATE UNIVERSITY
$466,545
UNIVERSITY SUPPORT
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.
-
MIDDLE GEORGIA STATE UNIVERSITY
GOV · COLLEGE · GA
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 21 June 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342019349301224
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