2024-11-15T18:08:49-06:00 2024-06-30 580692043 Mauldin & Jenkins LLC 200 Galleria Pkwy SE Ste 1700 Atlanta GA 303395946 990 2023-07-01 581485954 Georgia Southern University Athletic Foundation Inc GEOR 9124785519 PO Box 8115-01 Statesboro GA 30460 Trip Addison President 9124785519 2024-11-11 1 1 Mary Jo Alexander P00002534 7709558600 2024-11-11 2023 2024-10-15 13:58:12Z Trip Addison PO Box 8115-01 Statesboro GA 30460 15548103 0 X N/A X 1981 GA The mission of the Georgia Southern University Athletic Foundation, Inc. is to provide financial support for athletic scholarships, facilities and staff enhancement for the Athletic Department of Georgia Southern University. Additionally, the Foundation provides communication and services for all Friends of Eagles athletics. All of the activities of the Foundation are conducted with the highest regard for academic and athletic excellence and within the guidelines established by the University System of Georgia Board of Regents, conference affiliations, and the National Collegiate Athletic Association. 28 27 7 29 0 0 9792312 11980898 1601932 1834526 387594 854019 253991 656497 12035829 15325940 7270847 6212351 0 0 0 0 0 0 522114 2192282 2810139 9463129 9022490 2572700 6303450 55386008 62188801 31527275 31622709 23858733 30566092 X The mission of the Georgia Southern University Athletic Foundation, Inc. is to provide financial support for athletic scholarships, facilities and staff enhancement for the Athletic Department of Georgia Southern University. Additionally, the Foundation provides communication and services for all Friends of Eagles athletics. All of the activities of the Foundation are conducted with the highest regard for academic and athletic excellence and within the guidelines established by the University System of Georgia Board of Regents, conference affiliations, and the National Collegiate Athletic Association. 0 0 7710906 6212351 1834526 Promoting and supporting the athletic program of Georgia Southern University 7710906 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 1 0 1 0 0 0 0 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 X 29 5 1 7 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 28 27 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 0 0 0 GA X X Craig Brown 9124785519 PO Box 8053 Statesboro GA 30460 Trip Addison President, Ex-officio 12.00 X X 242898 0 41569 Burke Bryan Chair 0.50 X X 0 0 0 Mullis Spence Chair Elect 0.50 X X 0 0 0 Bevill Leonard Past Chair 0.50 X X 0 0 0 Stalnaker Ron Treasurer 0.50 X X 0 0 0 Benko Jared Ex-Officio Board Member 0.50 X 0 0 0 Backus Mike Board Member 0.50 X 0 0 0 Cornelius John Board Member 0.50 X 0 0 0 Curry Mike Board Member 0.50 X 0 0 0 Deal Horace Board Member 0.50 X 0 0 0 Donaldson Bill Board Member 0.50 X 0 0 0 Estrada Marcelo Board Member 0.50 X 0 0 0 Ethridge Carolyn Board Member 0.50 X 0 0 0 Hickman Billy Board Member 0.50 X 0 0 0 Hopkins Darryl Board Member 0.50 X 0 0 0 Huckaby Clay Board Member 0.50 X 0 0 0 Knox Sean Board Member 0.50 X 0 0 0 Marrero Kyle Ex-Officio Board Member 0.50 X 0 0 0 McCurry Cliff Board Member 0.50 X 0 0 0 Milner Stephen Ex-Officio Board Member 0.50 X 0 0 0 Nelson Dorline Board Member 0.50 X 0 0 0 Roberson Kevin Board Member 0.50 X 0 0 0 Smith Garrett Board Member 0.50 X 0 0 0 Snider Jerry Board Member 0.50 X 0 0 0 Somers Bob Board Member 0.50 X 0 0 0 Timmons Erica Board Member 0.50 X 0 0 0 Tippins Anthony Board Member 0.50 X 0 0 0 Vickers Heath Board Member 0.50 X 0 0 0 Wickley Adam Board Member 0.50 X 0 0 0 Craig Brown CFO 20.00 X 130609 0 23542 Davis Hendrickson Executive Director 40.00 X 118355 0 28838 491862 0 93949 3 0 1 1 Blue Mile Catering 454 South Main Street Statesboro GA 30458 catering 300520 Goodwyn Mills Cawood LLC 2660 Eastchase Lane Suite 200 Montgomery AL 36117 design/construction 215120 Whitfield Signs 91 South College Street Statesboro GA 30458 design/construction 197001 Bring it Promotions LLC 10189 Kleinbrook St Highlands Ranch CO 80126 travel services 151858 Revel XP LLC 2111 Marvyn Pkwy Opelika AL 36804 game day hospitality 110742 5 263191 11717707 670301 11980898 Interest Income on Direct Financi 900099 935482 935482 Stadium Suites Income 532000 899044 899044 1834526 682787 682787 137314 92680 58762 0 78552 92680 171232 171232 42788 263191 95804 -53016 -53016 126047 67597 58450 58450 Refunds and Reimbursements 900099 538569 538569 Insurance Proceeds 900099 112494 112494 651063 15325940 1834526 0 1510516 6212351 6212351 4958 4958 22500 22500 4098 4098 156093 37746 118347 636 286 350 86631 86148 483 130969 1787 129182 232015 3165 228850 1050522 1050522 448033 448033 60183 60183 Bad Debt Expense 481018 481018 Supplies 104004 82788 21216 Dues and Memberships 23631 322 23309 Miscellaneous 4848 4471 377 9022490 7710906 789470 522114 X 2242096 2328361 11513802 9822299 8558816 11485718 8127 585850 1160 1160 18456089 2762822 11180506 15693267 3785531 4693366 18059096 17535068 36874 43712 55386008 62188801 1746062 96609 939726 945862 18492829 17910187 6924422 10000000 3424236 2670051 31527275 31622709 X 9414060 12217516 14444673 18348576 23858733 30566092 55386008 62188801 6303450 403909 0 X X 0 1 X 1 0 X 3927250 4489671 9167708 9792312 11980898 39357839 861128 912137 1025011 1156829 1248172 5203277 4788378 5401808 10192719 10949141 13229070 44561116 5110899 39450217 69425 49116 65725 394271 682787 1261324 139155 75425 84007 181547 651063 1131197 46953637 7404157 0.84020 0.86850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2234953 371146 323464 2929563 1900240 230382 104331 2234953 2142176 2871 -244807 1900240 1645078 38185 458913 2142176 1326871 337906 -19699 1645078 0.00000 0.73000 0.27000 0 0 80301 80301 15659287 1934724 13724563 2716501 828098 1888403 15693267 Investment in Direct Financing Lease 17535068 F 17535068 Accrued Interest 371538 Due to GSU and GSU Foundation 2278493 Other liabilities 20020 2670051 X Part X, Line 2: The Foundation is considered a 501(c) (3) corporation under the Internal Revenue Service Code and as such pays no federal or state income tax on all revenues related to its tax-exempt functions. The Foundation believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. Benefit Concert 205732 172018 33714 28310 39375 4926 Evening with the Allstars 73875 71731 2144 3581 5757 12542 3 26372 19442 6930 1313 305979 263191 42788 3581 34067 39375 18781 95804 -53016 126047 31706 35891 0 126047 31706 35891 67597 58450 GA 1 0 1 0 1.00000 Craig Brown CFO PO Box 8053 Statesboro GA 30460 1 49485 6622 AscendFS Deleware Inc 1 Yonge St Ste 700 Toronto Ontario CA 0 1 Georgia Southern University 1332 Southern Drive Statesboro GA 30458 586002059 3588664 0 Scholarships and Athletic Department Support 1 0 0 0 0 0 0 0 0 0 0 Trip Addison President, Ex-officio 242898 0 0 0 0 0 22738 0 18831 0 284467 0 0 0 Craig Brown CFO 130609 0 0 0 0 0 12591 0 10951 0 154151 0 0 0 Form 990 Part VII Line 1a President, Trip Addison, is compensated by an unrelated organization, Georgia Southern University, "GSU". His compensation for 2023 was $242,898. Employer paid benefits include $18,831 for medical insurance and $22,738 in retirement contributions. As GSU VP University Advancement, this position's responsiblities include day to day management of the GSU Athletic Foundation involving approximately 30% of Trip Addison's time. Chief Financial Officer, Craig Brown, is compensated by an unrelated organization, Georgia Southern University, "GSU". His compensation for 2023 was $130,609 in salary. Employer paid benefits include $10,951 for medical insurance and $12,591 in retirement contributions. As Chief Financial Officer, this position's resposibilities include day to day management of the financial actions of the organization. Craig Brown is also CFO of GSU Foundation and splits his time between both foundations. Executive Director, Davis Hendrickson, is compensated by an unrelated organization, Georgia Southern University, "GSU". His compensation for 2023 was $118,355. Employer paid benefits include $18,120 for medical insurance and $10,718 in retirement contributions. As Executive Director, this position's responsibilities include day to day management of the GSU Athletic Foundation. A Development Authority of Bulloch County Series 2013 Bond 581538786 120334DX2 2013-06-30 22978335 Stadium Construction 0 0 0 A 4285849 22978335 688400 1781698 444884 11820207 10024844 2014 0 0 1 1 A 1 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 1 A 1 Date Rebate Computation Performed Issuer Name: Development Authority of Bulloch County Series 2013 Bond Date the Rebate Computation was Performed: 06/12/2018 X 8 87807 FMV X 1 548100 FMV X Construction materials 1 30000 FMV X Supplies & Equipment 3 4394 FMV 0 1 0 Part I, Column (b): Number of contributors. Form 990, Part I, Line 5 and Part V, Line 2a The Georgia Southern University Athletic Foundation, Inc. does not maintain a payroll. The Foundation's seven (7) employees are on the payroll of Georgia Southern University, "GSU", an unrelated organization. GSU donated salaries and benefits for 2023 totaled $1,248,172. Form 990, Part VI, Section B, line 11b A draft of the 990 tax return was reviewed by the Executive Committee prior to its filing. Form 990, Part VI, Section B, line 12c Disclosures are reviewed by Executive Director and Treasurer. Form 990, Part VI, Section C, line 19 Available upon request and on the Georgia Southern University Foundation accounting website. Form 990, Part X, Line 24, Column B During June 2022, the Foundation entered into a loan agreement for the purpose of constructing an indoor practice facility. This loan has a principal balance of up to $10,000,000 with a variable interest rate of 3.85% at both June 30, 2024 and 2023. The interest rate is subject to change beginning June 2025 and thereafter based upon the prime rate minus 0.5 percentage points. The interest rate will never be greater than 4.85% or less than 3.25%. Interest only payments began in December 2022 for six semiannual payment periods at which point regular principal and interest payments commence. Principal and interest payments begin December 24, 2025. The maturity date of the loan is June 2035. At June 30, 2024 and 2023, the loan balance was $10,000,000 and $6,924,422, respectively. Form 990, Part XII, Line 2c The process has not changed since the prior year. Stadium Construction LLC 1770 Southern Drive MP Admin Bldg R Statesboro GA 30458 462142799 Football Stadium Improvements DE 982313 19640197 GSU Athletic Fd