Form 990 for tax year 2024
Filed by SOUTH GEORGIA STATE COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $799,921
- Total expenses
- $365,196
- Contributions and grants received
- $285,643
- Grants paid
- $135,725
- Program service revenue
- $0
- Investment income
- $514,278
- Other revenue
- $0
- Total assets, end of year
- $7,746,114
- Total liabilities, end of year
- $24,475
- Net assets or fund balances, end of year
- $7,721,639
- Program services expenses (Part IX)
- $343,073
- Management and general expenses
- $20,692
- Fundraising expenses
- $1,431
- Program service expenses (Part III)
- $343,073
Program services were 93.9% 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
$285,643
-
3 · Investment income
total $514,278 · related or exempt $514,278
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $5,250 · program services $5,250
-
2 · Grants to domestic individuals
total $130,475 · program services $130,475
-
11e · Fees: professional fundraising services
total $1,431 · fundraising $1,431
-
24a · Other expenses: Institutional Support
total $228,040 · program services $207,348 · management and general $20,692
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $613,385 · end of year $631,716
-
4 · Accounts receivable
beginning of year $17,874 · end of year $4,661
-
10a · Land, buildings and equipment: cost or other basis
$330,395
-
10c · Land, buildings and equipment, net
beginning of year $330,395 · end of year $330,395
-
11 · Investments: publicly traded securities
beginning of year $6,072,563 · end of year $6,779,342
-
17 · Accounts payable and accrued expenses
beginning of year $17,450 · end of year $24,475
-
27 · Net assets without donor restrictions
beginning of year $817,087 · end of year $897,993
-
28 · Net assets with donor restrictions
beginning of year $6,199,680 · end of year $6,823,646
Mission and programs · 2024
Mission
The mission of the South Georgia State College Foundation, Inc. is to help transform and enhance the lives of our diverse student population.
-
The mission of the South Georgia State College Foundation, Inc. is to help transform and enhance the lives of our diverse student population by providing educational opportunities, financial support, and advocacy for our students. By generating, processing, and allocating gifts, the Foundation supports efforts that enhance the quality of programs by funding scholarships, new academic initiatives, technology, endowments, faculty/staff development, athletic programs, and capital projects at SGSC.
Expenses $207,348
-
Scholarship program
Expenses $135,725
As filed on the 2024 return.
Listed in Part VII
-
Thomas H Smith
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Tracy McClelland
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Dr Jim Cottiingham
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Tony Paulk
Ex Officio Member
- Total calculated
- $0
- Hours/week
- 0
-
Andy Varnadore
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Chris Tuten
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Sarah Brown
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Donnie Smith
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Angie OSteen
President
- Total calculated
- $0
- Hours/week
- 0.5
-
Shane Shook
Tresurer
- Total calculated
- $0
- Hours/week
- 0.5
-
Oscar Street
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Greg Tanner
Ex Officio Member
- Total calculated
- $0
- Hours/week
- 3
-
Dr Randy Braswell
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Josh Vickers
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Clay Lott
President
- Total calculated
- $0
- Hours/week
- 0.5
-
Matt Baker
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Cathy Hand
Ex Officio Member
- Total calculated
- $0
- Hours/week
- 3
-
Jessica Hudson
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Chelsea Preston
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Phillip Smith
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Lori Beasley
Vice President
- Total calculated
- $0
- Hours/week
- 0.5
-
Taylor Hereford
Ex Officio Member
- Total calculated
- $0
- Hours/week
- 3
-
Dr Grace James
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
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.
Grants on this return
No itemized grants to organizations 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.
-
South Georgia State College
170b1A · Education · GA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202640709349301489
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