Skip to content
Nonprofiteer
← AUGUSTA UNIVERSITY FOUNDATION INC

Form 990 for tax year 2022

Filed by AUGUSTA UNIVERSITY FOUNDATION INC.

Totals

Total revenue
$41,048,641
Total expenses
$14,011,754
Contributions and grants received
$38,110,975
Grants paid
$1,933,223
Program service revenue
$0
Investment income
$2,719,629
Other revenue
$218,037
Total assets, end of year
$106,003,301
Total liabilities, end of year
$25,940,163
Net assets or fund balances, end of year
$80,063,138
Program services expenses (Part IX)
$9,264,620
Management and general expenses
$1,087,944
Fundraising expenses
$3,659,190
Program service expenses (Part III)
$9,264,620

Program services were 66.1% 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

    $38,110,975

  • 1g · Noncash contributions included above

    $2,851,164

  • 3 · Investment income

    total $1,511,339 · excluded $1,511,339

  • 6a · Gross rents

    real property $18,366

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $18,366

  • 6d · Net rental income or loss

    total $18,366 · unrelated business $18,366

  • 7a · Gross sales of assets other than inventory

    securities $2,244,634

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

    securities $1,036,344

  • 7c · Gain or loss

    securities $1,208,290

  • 7d · Net gain or loss

    total $1,208,290 · excluded $1,208,290

  • 11a · Other revenue: OTHER INCOME

    total $199,671 · related or exempt $199,671

  • 11e · Other revenue, total

    $199,671

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,933,223 · program services $1,933,223

  • 7 · Other salaries and wages

    total $3,350,506 · program services $1,039,099 · management and general $596,059 · fundraising $1,715,348

  • 9 · Other employee benefits

    total $1,035,383 · program services $304,320 · management and general $166,767 · fundraising $564,296

  • 11f · Fees: investment management

    total $133,043 · program services $133,043

  • 11g · Fees: other

    total $140,961 · program services $7,633 · management and general $78,828 · fundraising $54,500

  • 12 · Advertising and promotion

    total $238,587 · program services $135,059 · fundraising $103,528

  • 16 · Occupancy

    total $445,515 · program services $405,522 · management and general $8,610 · fundraising $31,383

  • 17 · Travel

    total $370,476 · program services $253,865 · management and general $15,727 · fundraising $100,884

  • 20 · Interest

    total $688,565 · program services $688,565

  • 23 · Insurance

    total $14,140 · program services $269 · management and general $13,871

  • 24a · Other expenses: PROPERTY AND EQUIPMENT

    total $1,551,359 · program services $1,523,429 · fundraising $27,930

  • 24b · Other expenses: SUPPLIES AND OTHER OPER

    total $1,281,313 · program services $724,908 · management and general $40,086 · fundraising $516,319

  • 24c · Other expenses: SPECIAL EVENTS

    total $995,338 · program services $613,329 · management and general $13,990 · fundraising $368,019

  • 24d · Other expenses: OTHER FUND DISBURSEMENT

    total $821,270 · program services $818,157 · management and general $2,220 · fundraising $893

  • 24e · All other expenses

    total $1,012,075 · program services $684,199 · management and general $151,786 · fundraising $176,090

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $11,346,128 · end of year $15,509,872

  • 3 · Pledges and grants receivable

    beginning of year $5,492,153 · end of year $5,384,215

  • 4 · Accounts receivable

    beginning of year $13,625 · end of year $121,260

  • 7 · Other notes and loans receivable

    beginning of year $25,343,744 · end of year $23,255,851

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,749 · end of year $146,969

  • 11 · Investments: publicly traded securities

    beginning of year $2,809,391 · end of year $3,333,955

  • 12 · Investments: other securities

    beginning of year $31,420,650 · end of year $57,435,950

  • 15 · Other assets

    beginning of year $868,334 · end of year $815,229

  • 17 · Accounts payable and accrued expenses

    beginning of year $700,042 · end of year $1,084,892

  • 19 · Deferred revenue

    beginning of year $119,108 · end of year $1,534,826

  • 20 · Tax-exempt bond liabilities

    beginning of year $20,257,427 · end of year $18,964,497

  • 25 · Other liabilities

    beginning of year $5,098,172 · end of year $4,355,948

  • 27 · Net assets without donor restrictions

    beginning of year $4,641,969 · end of year $7,300,128

  • 28 · Net assets with donor restrictions

    beginning of year $46,490,056 · end of year $72,763,010

Mission and programs · 2022

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 $9,264,620 · Grants $1,933,223 · Revenue $199,671

As filed on the 2022 return.

Listed in Part VII

  • Alvin Harris

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dennis Sodomka

    CO-IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Deborrah Layman RN

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • The Honorable Pamela Doumar

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cameron Nixon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dave Brendza

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Karen Hughes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Adam Williams

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Bruce Ashendorf DMD

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Eddie Bussey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robert C Osborne

    CO-IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Christine Crawford Scd

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alan Griffin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jason Cuevas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robertsteen Howard MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brooks Keel PhD

    AU PRESIDENT

    Total calculated
    $1,290,497
    From this org
    $0
    From related orgs
    $950,573
    Other
    $339,924
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $903,523 related
    Bonus
    $0 + $3,750 related
    Other
    $0 + $43,300 related
    Deferred
    $0 + $300,000 related
    Nontaxable benefits
    $0 + $39,924 related
    Filer's total
    $0 + $1,290,497 related

  • Henry Ingram

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Russell Keen

    AU EVP FOR ADMIN & COS

    Total calculated
    $471,469
    From this org
    $0
    From related orgs
    $394,021
    Other
    $77,448
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $386,071 related
    Bonus
    $0 + $3,750 related
    Other
    $0 + $4,200 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $77,448 related
    Filer's total
    $0 + $471,469 related

  • William P Kanto Jr MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Susan Nicholson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Leslie C Lambert

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stevie Redmond

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 39 related

  • Stephen Wertz

    AU FOUNDATION CEO

    Total calculated
    $244,410
    From this org
    $0
    From related orgs
    $219,416
    Other
    $24,994
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $205,553 related
    Bonus
    $0 + $3,950 related
    Other
    $0 + $9,913 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $24,994 related
    Filer's total
    $0 + $244,410 related

  • Kathleen Robinson DMD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Elaine Clark Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Yvonne Turner Cpm Ccp

    AU EVP FINANCE/CBO

    Total calculated
    $504,907
    From this org
    $0
    From related orgs
    $391,144
    Other
    $113,763
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $387,284 related
    Bonus
    $0 + $3,860 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $113,763 related
    Filer's total
    $0 + $504,907 related

  • Gerald Woods

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Wilbur E Johnson Esq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brandon McCray

    AU VP FOR DEVELOPMENT

    Total calculated
    $135,162
    From this org
    $0
    From related orgs
    $122,487
    Other
    $12,675
    Hours/week
    10 + 30 related

  • William Kuhlke

    BOARD MEMBER - EMERITI TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • The Honorable J Carlisle Overstreet

    BOARD MEMBER - EMERITI TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bernard Silverstein

    BOARD MEMBER - EMERITI TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Neil MacKinnon

    AU EVP ACADEMIC AFFAIRS & PROVOST

    Total calculated
    $466,174
    From this org
    $0
    From related orgs
    $388,688
    Other
    $77,486
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $384,888 related
    Bonus
    $0 + $3,800 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $77,486 related
    Filer's total
    $0 + $466,174 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

    $1,933,223

    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.

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 $284,748 · assets $9,746,172

    Directly controlled by AUGUSTA UNIVERSITY FOUNDATION INC

  • ASU JAGUAR STUDENT HOUSING LLC

    REAL ESTATE · GA · income $685,931 · assets $18,810,518

    Directly controlled by AUGUSTA UNIVERSITY FOUNDATION INC

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202431369349302658

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.