Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $172,659

• 1f · All other contributions, gifts and grants

  $13,887,229

• 1g · Noncash contributions included above

  $1,461,209

• 2a · Program service revenue: INTEREST ON LEASING

  total $1,288,873 · related or exempt $1,288,873

• 2b · Program service revenue: LEASING INCOME

  total $475,520 · related or exempt $475,520

• 2c · Program service revenue: ALUMNI TRAVEL PROGRAM

  total $448,193 · related or exempt $448,193

• 2d · Program service revenue: ALL OTHER PROGRAM INCOME

  total $2,457 · related or exempt $2,457

• 3 · Investment income

  total $1,100,130 · excluded $1,100,130

• 7a · Gross sales of assets other than inventory

  securities $178,325

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

  securities $0

• 7c · Gain or loss

  securities $178,325

• 7d · Net gain or loss

  total $178,325 · excluded $178,325

• 8a · Fundraising events: gross income

  $60,229

• 8a · Fundraising events: contributions included on line 1c

  $172,659

• 8b · Fundraising events: direct expenses

  $151,033

• 8c · Net income from fundraising events

  total -$90,804 · excluded -$90,804

• 9a · Gaming: gross income

  $4,710

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $4,710 · excluded $4,710

• 11a · Other revenue: INSURANCE PROCEEDS

  total $1,324,160 · excluded $1,324,160

• 11e · Other revenue, total

  $1,324,160

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $6,713,327 · program services $6,713,327

• 2 · Grants to domestic individuals

  total $131,144 · program services $131,144

• 11b · Fees: legal

  total $562 · management and general $562

• 11c · Fees: accounting

  total $40,820 · management and general $40,820

• 11f · Fees: investment management

  total $112,239 · management and general $112,239

• 11g · Fees: other

  total $144,999 · management and general $74,118 · fundraising $70,881

• 13 · Office expenses

  total $51,922 · management and general $49,144 · fundraising $2,778

• 14 · Information technology

  total $7,500 · management and general $7,500

• 17 · Travel

  total $14,718 · management and general $9,822 · fundraising $4,896

• 19 · Conferences, conventions and meetings

  total $57,393 · management and general $3,603 · fundraising $53,790

• 20 · Interest

  total $877,358 · program services $874,498 · management and general $2,860

• 22 · Depreciation, depletion and amortization

  total $65,838 · management and general $65,838

• 23 · Insurance

  total $89,449 · program services $53,921 · management and general $35,528

• 24a · Other expenses: BAD DEBT

  total $157,412 · management and general $157,412

• 24b · Other expenses: MEALS AND ENTERTAINMENT

  total $75,652 · management and general $13,892 · fundraising $61,760

• 24c · Other expenses: MEMBERSHIP AND DUES

  total $6,000 · management and general $6,000

• 24d · Other expenses: RECOGNITION AND AWARDS

  total $4,971 · management and general $2,273 · fundraising $2,698

• 24e · All other expenses

  total $2,341 · management and general $2,341

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,195,030 · end of year $4,748,258

• 2 · Savings and temporary cash investments

  beginning of year $3,722,389 · end of year $2,138

• 3 · Pledges and grants receivable

  beginning of year $3,316,781 · end of year $11,311,121

• 4 · Accounts receivable

  end of year $19,414

• 9 · Prepaid expenses and deferred charges

  beginning of year $11,247 · end of year $9,577

• 10a · Land, buildings and equipment: cost or other basis

  $329,190

• 10b · Land, buildings and equipment: accumulated depreciation

  $329,190

• 10c · Land, buildings and equipment, net

  beginning of year $117,671 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $35,334,536 · end of year $43,184,137

• 13 · Investments: program-related

  beginning of year $32,451,052 · end of year $30,122,695

• 15 · Other assets

  beginning of year $7,992,235 · end of year $9,174,059

• 17 · Accounts payable and accrued expenses

  beginning of year $150,640 · end of year $1,809,688

• 19 · Deferred revenue

  beginning of year $6,430 · end of year $19,445

• 20 · Tax-exempt bond liabilities

  beginning of year $33,476,079 · end of year $30,985,275

• 25 · Other liabilities

  beginning of year $1,717,509 · end of year $2,333,467

• 27 · Net assets without donor restrictions

  beginning of year $10,725,402 · end of year $11,095,584

• 28 · Net assets with donor restrictions

  beginning of year $40,064,881 · end of year $52,327,940

The filer's explanations (Part III)

FORM 990, PART VII

THE UNIVERSITY OF WEST GEORGIA FOUNDATION DOES NOT HAVE ANY W-2 EMPLOYEES. ALL PERSONNEL ASSOCIATED WITH THE FOUNDATION ARE EMPLOYED BY THE UNIVERSITY OF WEST GEORGIA, EIN 58-6002055, AN UNRELATED ORGANIZATION. THE FOUNDATION REIMBURSES THE UNIVERSITY FOR THE COMPENSATION OF TWO STAFF PROVIDING SERVICES TO THE ASSOCIATION. OTHER UNIVERSITY EMPLOYEES, WORKING FOR THE FOUNDATION, HAVE THEIR COMPENSATED SERVICES DONATED TO THE FOUNDATION BY THE UNIVERSITY. DR. MEREDITH BRUNEN, CEO, SPENDS 20% OF HER TIME WITH THE UWG FOUNDATION AND RECEIVED $50,562 OF COMPENSATION AND BENEFITS FROM THE UNIVERSITY OF WEST GEORGIA, FOR SERVICES PROVIDED TO UWG FOUNDATION. HOLLY SAILERS, CFO OF UWG FOUNDATIONS, SPENDS 40% OF HER TIME WITH THE UWG FOUNDATION AND RECEIVED $53,610 OF COMPENSATION AND BENEFITS FROM THE UNIVERSITY OF WEST GEORGIA, FOR SERVICES PROVIDED TO THE UWG FOUNDATION.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• UWG VILLAGE LLC

  REAL ESTATE LESSORS · GA · income $0 · assets $0

  Directly controlled by UNIVERSITY OF WEST GEORGIA FOUNDATION INC

• UWG HOUSING LLC (FKA EVERGREEN COMPLEX LLC)

  REAL ESTATE LESSORS · GA · income $3,221,841 · assets $37,537,039

  Directly controlled by UNIVERSITY OF WEST GEORGIA FOUNDATION INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• SPLIT-INTEREST TRUSTS (2)

  T · TRUST · GA