Form 990 for tax year 2022
Filed by SAVANNAH STATE COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $8,774,524
- Total expenses
- $7,226,226
- Contributions and grants received
- $2,145,191
- Grants paid
- $47,000
- Program service revenue
- $6,525,080
- Investment income
- $67,461
- Other revenue
- $36,792
- Total assets, end of year
- $86,840,344
- Total liabilities, end of year
- $85,089,229
- Net assets or fund balances, end of year
- $1,751,115
- Program services expenses (Part IX)
- $5,579,633
- Management and general expenses
- $1,646,593
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $5,579,633
Program services were 77.2% 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
$2,145,191
-
2a · Program service revenue: STUDENT HOUSING - UNIV
total $6,525,080 · related or exempt $6,525,080
-
3 · Investment income
total $70,421 · excluded $70,421
-
7b · Less cost or other basis and sales expenses
securities $2,960
-
7c · Gain or loss
securities -$2,960
-
7d · Net gain or loss
total -$2,960 · excluded -$2,960
-
8a · Fundraising events: gross income
$53,265
-
8b · Fundraising events: direct expenses
$16,473
-
8c · Net income from fundraising events
total $36,792 · excluded $36,792
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $47,000 · program services $47,000
-
11c · Fees: accounting
total $41,678 · management and general $41,678
-
11g · Fees: other
total $107,663 · management and general $107,663
-
20 · Interest
total $2,844,750 · program services $2,835,769 · management and general $8,981
-
22 · Depreciation, depletion and amortization
total $29,491 · program services $29,491
-
24a · Other expenses: REPAIRS & MAINTENANCE
total $2,639,129 · program services $2,639,129
-
24b · Other expenses: MANAGEMENT & GENERAL
total $1,418,066 · management and general $1,418,066
-
24c · Other expenses: BANK CHARGES
total $70,205 · management and general $70,205
-
24d · Other expenses: PROGRAM SERVICES
total $28,244 · program services $28,244
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,489,964 · end of year $5,717,928
-
2 · Savings and temporary cash investments
beginning of year $7,342 · end of year $31,328
-
7 · Other notes and loans receivable
beginning of year $271,847 · end of year $261,628
-
9 · Prepaid expenses and deferred charges
beginning of year $2,748 · end of year $2,748
-
10a · Land, buildings and equipment: cost or other basis
$150,000
-
10c · Land, buildings and equipment, net
beginning of year $150,000 · end of year $150,000
-
12 · Investments: other securities
beginning of year $8,244,728 · end of year $7,061,711
-
15 · Other assets
beginning of year $76,445,001 · end of year $73,615,001
-
17 · Accounts payable and accrued expenses
beginning of year $1,169,733 · end of year $290,760
-
19 · Deferred revenue
beginning of year $123,151
-
20 · Tax-exempt bond liabilities
beginning of year $82,905,436 · end of year $80,683,732
-
23 · Secured mortgages and notes payable
beginning of year $4,124,340 · end of year $3,028,584
-
25 · Other liabilities
beginning of year $2,197,660 · end of year $1,086,153
-
27 · Net assets without donor restrictions
beginning of year -$908,690 · end of year $1,403,803
-
28 · Net assets with donor restrictions
end of year $347,312
Mission and programs · 2022
Mission
THE PURPOSE OF THE FOUNDATION IS THE ESTABLISHMENT OF FUNDS TO BE USED FOR THE ADVANCEMENT OF SAVANNAH STATE UNIVERSITY AND FOR THE PROMOTION OF THE EDUCATION AND WELFARE OF FACULTY AND STUDENTS. THIS INCLUDES RAISING AND MANAGING FUNDS, PROVIDING SCHOLARSHIPS, AND RENOVATING AND OPERATING STUDENT HOUSING COMPLEXES ON THE CAMPUS.
-
THE FOUNDATION PRIMARILY EXISTS TO SUPPORT STUDENTS AND ACTIVITIES AT THE UNIVERSITY. THIS FISCAL YEAR THAT SUPPORT WAS PROVIDED BY RAISING FUNDS TO AWARD SCHOLARSHIPS TO UNIVERSITY STUDENTS AND TO PROVIDE SUPPORT TO UNIVERSITY AUXILLARIES. THE FOUNDATION ALSO EXISTS TO PROVIDE STUDENT RESIDENT HOUSING TO THE STUDENTS OF SAVANNAH STATE UNIVERSITY.
Expenses $5,579,633 · Grants $47,000 · Revenue $6,525,080
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dr William T SimmonsDR WILLIAM T SIMMONS
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Latanga I Allen-FelderLATANGA I ALLEN-FELDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Hon Emanuel Larkin JrHON EMANUEL LARKIN JR
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Judge Barbara J MobleyJUDGE BARBARA J MOBLEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Cynthia Robinson AlexanderCYNTHIA ROBINSON ALEXANDER
INTERIM PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Michelle A AdamsMICHELLE A ADAMS
MEMBERSHIP CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Willis Blake EdDWILLIS BLAKE EDD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cyrus JacksonCYRUS JACKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael A KaiglerMICHAEL A KAIGLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William T Daniel JrWILLIAM T DANIEL JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eugene Felton Jr JDEUGENE FELTON JR JD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Walter E GaskinWALTER E GASKIN
COMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Alex C HabershamALEX C HABERSHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Patricia Mosley HarrisDR PATRICIA MOSLEY HARRIS
VICE CHAIR WOMAN
- Total calculated
- $0
- Hours/week
- 1
-
James MelvinJAMES MELVIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Capt Bernard L JacksonCAPT BERNARD L JACKSON
COMMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Hon Edna B JacksonHON EDNA B JACKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Jimmie C JacksonDR JIMMIE C JACKSON
CHAIRWOMAN EMERITUS
- Total calculated
- $0
- Hours/week
- 1
-
Valerie L Reynolds MDVALERIE L REYNOLDS MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John KelleyJOHN KELLEY
FINANCE, INV, AUDIT
- Total calculated
- $0
- Hours/week
- 1
-
Bobby LockettBOBBY LOCKETT
COMMUNITY/GOVERNMENT
- Total calculated
- $0
- Hours/week
- 1
-
Barbara McGheeBARBARA MCGHEE
BOOSTER CLUB PRES
- Total calculated
- $0
- Hours/week
- 1
-
Ronald McGheeRONALD MCGHEE
DIECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Glennera E MartinGLENNERA E MARTIN
SPEC. EVENTS COMM.
- Total calculated
- $0
- Hours/week
- 1
-
Harold WashingtonHAROLD WASHINGTON
SSUNAA PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Carolyn PriceCAROLYN PRICE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Julius SmithJULIUS SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Daniel StephensonDR DANIEL STEPHENSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marilyn S TaylorMARILYN S TAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Arthur J TerryARTHUR J TERRY
FUNDRAISING CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Clemontine WashingtonCLEMONTINE WASHINGTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael D WilliamsMICHAEL D WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Charles G YoungCHARLES G YOUNG
MEMBERSHIP 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
No itemized grants to organizations on this return.
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.
-
SSU FOUNDATION REAL ESTATE VENTURES
REAL EST. · GA · income $2,461,751 · assets $55,671,867
-
SSU COMMUNITY DEVELOPMENT I LLC
REAL EST. · GA · income $4,117,153 · assets $26,742,150
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202411369349315301
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