Form 990 for tax year 2024
Filed by THE TECHNICAL COLLEGE SYSTEM OF GEORGIA FOUNDATION INC.
Totals
- Total revenue
- $2,460,747
- Total expenses
- $2,756,180
- Contributions and grants received
- $2,424,844
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $35,903
- Other revenue
- $0
- Total assets, end of year
- $3,125,490
- Total liabilities, end of year
- $241,554
- Net assets or fund balances, end of year
- $2,883,936
- Program services expenses (Part IX)
- $2,691,484
- Management and general expenses
- $64,696
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,691,484
Program services were 97.7% 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.
-
1b · Membership dues
$29,440
-
1f · All other contributions, gifts and grants
$2,395,404
-
3 · Investment income
total $35,903 · unrelated business $0 · excluded $0
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $3,174 · program services $0 · management and general $3,174 · fundraising $0
-
11c · Fees: accounting
total $11,241 · program services $0 · management and general $11,241 · fundraising $0
-
12 · Advertising and promotion
total $2,033 · program services $0 · management and general $2,033 · fundraising $0
-
13 · Office expenses
total $295 · program services $0 · management and general $295 · fundraising $0
-
19 · Conferences, conventions and meetings
total $140,846 · program services $140,846 · management and general $0 · fundraising $0
-
23 · Insurance
total $602 · program services $0 · management and general $602 · fundraising $0
-
24a · Other expenses: Scholarships
total $530,292 · program services $530,292 · management and general $0 · fundraising $0
-
24b · Other expenses: Program activities/ Supplies
total $302,101 · program services $302,101 · management and general $0 · fundraising $0
-
24c · Other expenses: Competition awards
total $97,014 · program services $97,014 · management and general $0 · fundraising $0
-
24d · Other expenses: Meals/Entertainment/Gifts/Prizes
total $779,589 · program services $779,589 · management and general $0 · fundraising $0
-
24e · All other expenses
total $888,993 · program services $841,642 · management and general $47,351 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,755,783 · end of year $1,481,472
-
2 · Savings and temporary cash investments
beginning of year $1,295,190 · end of year $1,300,105
-
11 · Investments: publicly traded securities
beginning of year $310,439 · end of year $343,913
-
17 · Accounts payable and accrued expenses
beginning of year $103,967 · end of year $54,803
-
19 · Deferred revenue
beginning of year $92,043 · end of year $186,751
-
25 · Other liabilities
end of year $0
-
27 · Net assets without donor restrictions
beginning of year $74,544 · end of year $273,125
-
28 · Net assets with donor restrictions
beginning of year $3,090,858 · end of year $2,610,811
Mission and programs · 2024
Mission
To Support the Technical College System of Georgia through Marketing, Advocacy, and Fundraising to benefit College students, Programs, and Faculty.
-
The Gretchen K. Corbin Last Mile Fund Provides Financial Assistance for students at Risk of being unenrolled due to owing $500 or less in tuition, fees or other acedemic expenses. This gap funding helps remove financial barriers preventing students from making progress towards their chosen technical certificate, diploma, or degree.
Expenses $428,268 · Revenue $431,707
-
Various programs, Including outreach to High school students and veterans, support for development of college and carreer academy programs, and advertising and rebranding campaign for TCSG.
Expenses $2,218,445 · Revenue $1,966,562
-
The Georgia Occupational Award of Leadership (GOAL) program focuses on excellence in technical education. During GOAL week, as declared and named by our governor, outstanding students attending georgia technical colleges and divisions are recognized for academic excellence. From this group of students, a panel of judges selects one student, the state GOAL winner, to serve as the statewide student of the year and ambassador for technical education in Georgia. GOAL is where Georgia business, government and industry leaders join our technical colleges to celebrate technicla education vital impact on Georgias workforce, proseperity, and future. GOAL strives to stimulate the community interest in knowledge of technical education br recognizing outstanding student talent as well as strengthening the association between educator and the business community.
Expenses $44,771 · Revenue $62,478
As filed on the 2024 return.
Listed in Part VII
-
Cory Thompson
Executive Dir.
- Total calculated
- $111,000
- From this org
- $0
- From related orgs
- $0
- Other
- $111,000
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $110,000
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $110,000
-
Dan Lingerfelter
President
- Total calculated
- $0
- Hours/week
- 2
-
Dan Baker
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Aleisa Howell
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Lindsay Bridges
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jason Brady
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Marjie Roquermore
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jesse Killings
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mark Ginn
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Erin Pickens
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Gary Sanchez
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Larry Williams
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Natalie Tulberg
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Sam Couvillion
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Gregory Dozier
Commissioner
- 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
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
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.
-
Technical College System of Georgia
Technical, Academic, and Adult Educatio · GA
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 May 2026
- IRS schema version
- 2024v5.2
- Source object
- 202611359349313711
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