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← CLAYTON STATE UNIVERSITY FOUNDATION INC

Form 990 for tax year 2022

Filed by CLAYTON STATE UNIVERSITY FOUNDATION INC.

Totals

Total revenue
$7,029,920
Total expenses
$5,471,930
Contributions and grants received
$2,499,101
Grants paid
$1,868,394
Program service revenue
$1,078,955
Investment income
$3,437,656
Other revenue
$14,208
Total assets, end of year
$96,796,516
Total liabilities, end of year
$68,392,951
Net assets or fund balances, end of year
$28,403,565
Program services expenses (Part IX)
$4,778,714
Management and general expenses
$693,216
Fundraising expenses
$0
Program service expenses (Part III)
$4,778,714

Program services were 87.3% 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.

  • 1f · All other contributions, gifts and grants

    $2,499,101

  • 1g · Noncash contributions included above

    $57,550

  • 2a · Program service revenue: STUDENT HOUSING

    total $1,078,955 · related or exempt $1,078,955

  • 3 · Investment income

    total $3,462,814 · excluded $3,462,814

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $38,361,149

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

    securities $38,386,307

  • 7c · Gain or loss

    securities -$25,158

  • 7d · Net gain or loss

    total -$25,158 · excluded -$25,158

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: INSURANCE PROCEEDS

    total $14,208 · excluded $14,208

  • 11e · Other revenue, total

    $14,208

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,074,999 · program services $1,074,999

  • 2 · Grants to domestic individuals

    total $793,395 · program services $793,395

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $32,490 · management and general $32,490

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $336,111 · management and general $336,111

  • 12 · Advertising and promotion

    total $73,196 · management and general $73,196

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $219,103 · program services $219,103

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $2,273,553 · program services $2,273,553

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $334,693 · program services $334,693

  • 23 · Insurance

    total $3,721 · program services $3,721

  • 24a · Other expenses: SUPPLIES

    total $97,026 · management and general $97,026

  • 24b · Other expenses: SOFTWARE

    total $70,934 · management and general $70,934

  • 24c · Other expenses: IN KIND EXPENSES

    total $57,550 · program services $57,550

  • 24d · Other expenses: EVENTS

    total $52,952 · management and general $52,952

  • 24e · All other expenses

    total $52,207 · program services $21,700 · management and general $30,507

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,704,331 · end of year $5,343,805

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $367,004 · end of year $840,436

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,502 · end of year $2,502

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    beginning of year $11,484,739 · end of year $13,364,541

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $80,660,054 · end of year $77,245,232

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,684,336 · end of year $1,295,654

  • 20 · Tax-exempt bond liabilities

    beginning of year $67,767,093 · end of year $65,333,310

  • 25 · Other liabilities

    beginning of year $1,710,751 · end of year $1,763,987

  • 27 · Net assets without donor restrictions

    beginning of year $8,161,286 · end of year $8,488,902

  • 28 · Net assets with donor restrictions

    beginning of year $17,895,164 · end of year $19,914,663

Mission and programs · 2022

Mission

THE MISSION OF THE CLAYTON STATE UNIVERSITY FOUNDATION IS TO ASSIST CLAYTON STATE UNIVERSITY BY ATTRACTING FINANCIAL AND OTHER RESOURCES TO ACHIEVE THE UNIVERSITY'S MISSION AND GOALS TO EDUCATE STUDENTS; SUPPORT FACULTY AND STAFF; AND TO INCREASE COMMUNITY AWARENESS.

  • TRUSTEE MAKES FUNDS AVAILABLE FOR UNIVERSITY OFFICIALS USED TO ADVANCE THE INSTITUTION IN BOTH SERVICES AND PROGRAMS.

    Expenses $3,722,915 · Grants $1,846,793 · Revenue $1,078,955

  • ANNUAL SPONSORSHIP OF STUDENT AWARDS, SCHOLARSHIPS, & HONORS PROGRAMS FOR STUDENTS OF CLAYTON STATE UNIVERSITY. SPECIFIC PROGRAM REQUIREMENTS.

    Expenses $836,696 · Grants $21,601

  • FOUNDATION PROGRAM REWARDS FOR FACULTY & STAFF OF CLAYTON STATE UNIVERSITY FOR EXTENDED TRAINING.

    Expenses $219,103

As filed on the 2022 return.

Listed in Part VII

  • DR ANTOINETTE FRANCE-HARRIS

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • RANDY HAYES

    RE II CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH UHL

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • GITA GARNER

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • FEROZE YOUSIFJI

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • KEN PALMER

    RE 1 CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DR PADDY SHARMA

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • DR CEPHUS JACKSON

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • MIKE VIGIL

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • PAM DAVIS

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • LISA CONLEY

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • ROBERT INMAN RAGSDALE III

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • DR SUBRAHMANYA BHAT

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • LEONARD MORELAND

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • EDDIE OSMOND

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • BRUCE B GANT JR

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • GAYLE CABRERA

    DEVEL. CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MIKE GRIFFIN

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • VICTOR GAINES II

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • LATA M CHINNAN

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • DANA LEMON

    Trustee CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JAMES M BAKER III

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY M ADAMS

    INV CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BONNIE WILSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KERRY HEYWARD

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • KIERAN SHAILENDRA

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • ERIC MCREYNOLDS

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • KAREN SULLIVAN

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • DOUG HOOKER

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • JACK HANCOCK

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • DAVID WORLEY

    IMM. PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • PATTY WHALEY

    ASST SEC/TREAS

    Total calculated
    $0
    Hours/week
    1

  • FREDRICK HICKS

    SEC/TREAS

    Total calculated
    $0
    Hours/week
    1

  • THOMAS BOWEN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DR HELEN T MCSWAIN

    CHAIR

    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.

Grants 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.

  • CLAYTON STATE UNIVERSITY

    501(c)(3) · 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.

  • CSU FOUNDATION REAL ESTATE I LLC

    TO ACQUIRE, CONSTRUCT & INSTALL EDUCATIONAL FACILITIES · GA · income $1,975,030 · assets $32,773,254

    Directly controlled by CLAYTON STATE UNIVERSITY FOUNDATION

  • CSU FOUNDATION REAL ESTATE II LLC

    TO ACQUIRE, CONSTRUCT & INSTALL EDUCATIONAL FACILITIES · GA · income $2,108,260 · assets $41,316,535

    Directly controlled by CLAYTON STATE UNIVERSITY FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202431369349311958

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