Form 990 for tax year 2024
Filed by VALDOSTA STATE UNIVERSITY FOUNDATION INC.
What the amendment changed
Compared with the return it replaced , filed 30 April 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
- Total revenue
- $5,988,101 changed to $12,539,851
- Total expenses
- $5,613,493 changed to $6,255,055
- Contributions and grants received
- $2,679,020 changed to $6,603,901
- Grants paid
- $484,486 changed to $1,359,688
- Program service revenue
- $397,370 changed to $915,716
- Investment income
- $2,924,493 changed to $5,062,684
- Other revenue
- -$12,782 changed to -$42,450
- Total assets, end of year
- $70,184,700 changed to $78,061,411
- Total liabilities, end of year
- $1,332,200 changed to $1,093,201
- Net assets or fund balances, end of year
- $68,852,500 changed to $76,968,210
- Program services expenses
- $5,493,792 changed to $5,683,344
- Management and general expenses
- $115,723 changed to $558,602
- Fundraising expenses
- $3,978 changed to $13,109
- Program service expenses (Part III)
- $5,493,792 changed to $5,683,344
Totals
- Total revenue
- $12,539,851
- Total expenses
- $6,255,055
- Contributions and grants received
- $6,603,901
- Grants paid
- $1,359,688
- Program service revenue
- $915,716
- Investment income
- $5,062,684
- Other revenue
- -$42,450
- Total assets, end of year
- $78,061,411
- Total liabilities, end of year
- $1,093,201
- Net assets or fund balances, end of year
- $76,968,210
- Program services expenses (Part IX)
- $5,683,344
- Management and general expenses
- $558,602
- Fundraising expenses
- $13,109
- Program service expenses (Part III)
- $5,683,344
Program services were 90.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
JERRY J JENNETT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
RICHARD CARVAJAL
TRUSTEE
- Total calculated
- $304,255
- From this org
- $0
- From related orgs
- $304,255
- Other
- $0
- Hours/week
- 4
Schedule J breakdown matched by us
- Base
- $0 + $304,255 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $304,255 related
-
BILL COWART
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
BUBBA HIGHSMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
TIM HARRIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
TAMMY BORDERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
ASHLEY BELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
LYNN MORLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
JOE BROWNLEE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
ELIZABETH CLARK-MORRISON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
MARK REGISTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
CORRINA ROBINSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
ROBERT L SHANNON JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
SONYA MERRIMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
BOB HAGAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
CHUNLEI LIU
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
TREY SHERWOOD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
MIKKI HUDSON WILLS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
AIMEE NICOLOSI
ACCOUNTING DIRECTOR
- Total calculated
- $0
- Hours/week
- 40
-
A PARRISH CLARK JR
PAST-CHAIR
- Total calculated
- $0
- Hours/week
- 8
-
DAVID A HIERS
CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
WADE COLEMAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
GREG MILLER
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
RICK MUNROE
CEO
- Total calculated
- $206,702
- From this org
- $0
- From related orgs
- $206,702
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $206,702 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $206,702 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
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.
-
170b1A · EDUCATION · GA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523179349307352
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.