Form 990 for tax year 2024
Filed by AUGUSTA UNIVERSITY FOUNDATION INC.
Totals
- Total revenue
- $16,195,107
- Total expenses
- $16,822,711
- Contributions and grants received
- $12,635,341
- Grants paid
- $2,427,215
- Program service revenue
- $0
- Investment income
- $3,291,344
- Other revenue
- $268,422
- Total assets, end of year
- $125,366,080
- Total liabilities, end of year
- $23,767,680
- Net assets or fund balances, end of year
- $101,598,400
- Program services expenses (Part IX)
- $12,921,446
- Management and general expenses
- $1,338,747
- Fundraising expenses
- $2,562,518
- Program service expenses (Part III)
- $12,921,446
Program services were 76.8% 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
$12,635,341
-
1g · Noncash contributions included above
$3,157,816
-
3 · Investment income
total $3,291,344 · excluded $3,291,344
-
6a · Gross rents
real property $35,000
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $35,000
-
6d · Net rental income or loss
total $35,000 · unrelated business $35,000
-
11a · Other revenue: OTHER INCOME
total $233,422 · related or exempt $233,422
-
11e · Other revenue, total
$233,422
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,427,215 · program services $2,427,215
-
7 · Other salaries and wages
total $3,999,063 · program services $1,953,637 · management and general $721,836 · fundraising $1,323,590
-
9 · Other employee benefits
total $1,148,013 · program services $425,102 · management and general $269,228 · fundraising $453,683
-
11f · Fees: investment management
total $171,919 · program services $171,919
-
11g · Fees: other
total $123,437 · program services $18,550 · management and general $104,887
-
12 · Advertising and promotion
total $172,083 · program services $111,926 · fundraising $60,157
-
16 · Occupancy
total $920,294 · program services $888,774 · management and general $3,934 · fundraising $27,586
-
17 · Travel
total $191,574 · program services $136,028 · management and general $12,215 · fundraising $43,331
-
20 · Interest
total $596,242 · program services $596,242
-
23 · Insurance
total $140,677 · program services $127,033 · management and general $13,644
-
24a · Other expenses: PROPERTY AND EQUIPMENT
total $3,044,457 · program services $3,041,905 · fundraising $2,552
-
24b · Other expenses: SUPPLIES AND OTHER OPER
total $2,017,193 · program services $1,652,921 · management and general $112,051 · fundraising $252,221
-
24c · Other expenses: SPECIAL EVENTS
total $1,185,937 · program services $822,026 · management and general $20,535 · fundraising $343,376
-
24d · Other expenses: OTHER PERSONAL SERVICES
total $304,364 · program services $295,742 · fundraising $8,622
-
24e · All other expenses
total $380,243 · program services $252,426 · management and general $80,417 · fundraising $47,400
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $15,265,727 · end of year $6,745,056
-
3 · Pledges and grants receivable
beginning of year $5,221,052 · end of year $4,062,099
-
4 · Accounts receivable
beginning of year $174,410 · end of year $334,360
-
7 · Other notes and loans receivable
beginning of year $21,170,897 · end of year $19,083,806
-
9 · Prepaid expenses and deferred charges
beginning of year $145,621 · end of year $153,335
-
11 · Investments: publicly traded securities
beginning of year $3,947,420 · end of year $1,918,197
-
12 · Investments: other securities
beginning of year $73,392,314 · end of year $92,385,612
-
15 · Other assets
beginning of year $742,825 · end of year $683,615
-
17 · Accounts payable and accrued expenses
beginning of year $1,201,103 · end of year $2,956,819
-
19 · Deferred revenue
beginning of year $1,435,490 · end of year $1,537,640
-
20 · Tax-exempt bond liabilities
beginning of year $17,628,148 · end of year $16,247,393
-
25 · Other liabilities
beginning of year $3,664,532 · end of year $3,025,828
-
27 · Net assets without donor restrictions
beginning of year $10,270,812 · end of year $13,239,846
-
28 · Net assets with donor restrictions
beginning of year $85,860,181 · end of year $88,358,554
Mission and programs · 2024
Mission
TO RAISE PRIVATE SUPPORT FROM INDIVIDUALS, CORPORATIONS, FOUNDATIONS, AND OTHERS TO FURTHER THE INTERESTS OF AUGUSTA UNIVERSITY. OTHER PURPOSES OF THE FOUNDATION ARE TO ESTABLISH AND MAINTAIN ENDOWMENTS AND PROVIDE THE ADMINISTRATION FOR HANDLING ALL PRIVATE SUPPORT.
Activities or mission (Part I)
ESTABLISHING AND ADMINISTERING ENDOWMENT FUNDS FOR THE BENEFIT OF AUGUSTA UNIVERSITY.
-
TO PROVIDE DIRECT SUPPORT TO AUGUSTA UNIVERSITY FOR UNIVERSITY PROGRAMS, ACADEMIC SUPPORT, AND SCHOLARSHIP FUNDING.
Expenses $12,921,446 · Grants $2,427,215 · Revenue $233,422
As filed on the 2024 return.
Listed in Part VII
-
Susan NicholsonSUSAN NICHOLSON
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Christine CrawfordCHRISTINE CRAWFORD
SCD VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Adam Williams CPAADAM WILLIAMS CPA
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Bruce Ashendorf DMDBRUCE ASHENDORF DMD
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Al HarrisAL HARRIS
CO-IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Debbie Layman RNDEBBIE LAYMAN RN
CO-IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
John BakerJOHN BAKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dave BrendzaDAVE BRENDZA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Eddie BusseyEDDIE BUSSEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jason Cuevas MBAJASON CUEVAS MBA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Pamela Doumar JDPAMELA DOUMAR JD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Alan Griffin MBAALAN GRIFFIN MBA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Henry IngramHENRY INGRAM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Wilbur Johnson JDWILBUR JOHNSON JD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bill KantoBILL KANTO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Russell KeenRUSSELL KEEN
AU PRESIDENT
- Total calculated
- $641,884
- From this org
- $0
- From related orgs
- $532,933
- Other
- $108,951
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $509,183 related
- Bonus
- $0 + $2,100 related
- Other
- $0 + $21,650 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $108,951 related
- Filer's total
- $0 + $641,884 related
-
Cameron NixonCAMERON NIXON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tr ReddyTR REDDY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kathleen Robinson DMDKATHLEEN ROBINSON DMD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ron Sanders Jr PaRON SANDERS JR PA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Leslie SutherlandLESLIE SUTHERLAND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Gerald Woods JDGERALD WOODS JD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jack EvansJACK EVANS
AU EVP STRATEGIC EFFECTIVENESS & COS
- Total calculated
- $327,520
- From this org
- $0
- From related orgs
- $255,569
- Other
- $71,951
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $242,069 related
- Bonus
- $0
- Other
- $0 + $13,500 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $71,951 related
- Filer's total
- $0 + $327,520 related
-
Jennifer Sullivan PhDJENNIFER SULLIVAN PHD
EX OFFICIO NON VOTING
- Total calculated
- $419,427
- From this org
- $0
- From related orgs
- $333,382
- Other
- $86,045
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $318,377 related
- Bonus
- $0 + $10,005 related
- Other
- $0 + $5,000 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $86,045 related
- Filer's total
- $0 + $419,427 related
-
Yvonne TurnerYVONNE TURNER
AU EVP FINANCE/CBO
- Total calculated
- $591,354
- From this org
- $0
- From related orgs
- $451,328
- Other
- $140,026
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $451,328 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $140,026 related
- Filer's total
- $0 + $591,354 related
-
Stephen WertzSTEPHEN WERTZ
VP FOR FOUNDATIONS AND CEO, AU FOUNDATION
- Total calculated
- $222,855
- From this org
- $0
- From related orgs
- $197,199
- Other
- $25,656
- Hours/week
- 20 + 20 related
Schedule J breakdown matched by us
- Base
- $0 + $197,199 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $25,656 related
- Filer's total
- $0 + $222,855 related
-
William B Kuhlke JrWILLIAM B KUHLKE JR
BOARD MEMBER - EMERITI TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
J Carlisle Overstreet JDJ CARLISLE OVERSTREET JD
BOARD MEMBER - EMERITI TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bernard SilversteinBERNARD SILVERSTEIN
BOARD MEMBER - EMERITI TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ron BoothRON BOOTH
EX OFFICIO NON VOTING
- Total calculated
- $342,219
- From this org
- $0
- From related orgs
- $277,723
- Other
- $64,496
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $277,723 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $64,496 related
- Filer's total
- $0 + $342,219 related
-
Kristina BaggottKRISTINA BAGGOTT
EX OFFICIO NON VOTING
- Total calculated
- $212,461
- From this org
- $0
- From related orgs
- $163,848
- Other
- $48,613
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $163,848 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $48,613 related
- Filer's total
- $0 + $212,461 related
-
Mildred GarmonMILDRED GARMON
FORMER CFO
- Total calculated
- $220,955
- From this org
- $0
- From related orgs
- $202,640
- Other
- $18,315
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $169,755 related
- Bonus
- $0
- Other
- $0 + $32,885 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $18,315 related
- Filer's total
- $0 + $220,955 related
-
Brandon McCrayBRANDON MCCRAY
FORMER VP FOR DEVELOPMENT
- Total calculated
- $196,839
- From this org
- $0
- From related orgs
- $172,672
- Other
- $24,167
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $170,787 related
- Bonus
- $0
- Other
- $0 + $1,885 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $24,167 related
- Filer's total
- $0 + $196,839 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
-
AUGUSTA UNIVERSITY
$2,427,215
ACADEMIC 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.
-
115(1) · EDUCATION · GA
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.
-
ASU JAGUAR STUDENT CENTER LLC
REAL ESTATE · GA · income $303,164 · assets $8,417,778
Directly controlled by AUGUSTA UNIVERSITY FOUNDATION INC
-
ASU JAGUAR STUDENT HOUSING LLC
REAL ESTATE · GA · income $1,156,722 · assets $16,174,157
Directly controlled by AUGUSTA UNIVERSITY FOUNDATION INC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 January 2026
- IRS schema version
- 2024v5.5
- Source object
- 202630359349300243
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