2024-12-03T08:37:17-06:00 2023-12-31 581224069 Fowler Holley Rambo & Stalvey PC 3208 Wildwood Plantation Drive Valdosta GA 31605 990 2023-01-01 581582136 Valdosta State University Foundation Inc VALD 2293335939 1500 N Patterson Street Valdosta GA 31698 Rick Munroe CEO 2293335939 2024-12-03 1 1 C Wayne Rambo CPA P01298902 2292441559 2023 2024-10-15 13:58:12Z Rick Munroe 1500 N Patterson St Valdosta GA 31698 28247400 0 X www.valdosta.edu/adv/fnd X 1963 GA The Foundation exists to support development of educational excellence at Valdosta State University. 21 20 0 0 0 0 3532096 3203336 575567 495175 -277300 2217004 219011 -36931 4049374 5878584 1448435 1322251 0 0 0 0 0 0 8844 4252405 6748096 5700840 8070347 -1651466 -2191763 65880581 68424530 1014976 831971 64865605 67592559 The Foundation exists to support development of educational excellence at Valdosta State University. 0 0 6507441 495175 The Foundation's primary efforts are directed toward attracting, receiving, investing, managing, and expending gifts and other resources designated for the academic, artistic, athletic, teaching, research, and public service programs of the University. 1322251 1322251 Scholarships to students of Valdosta State University. 7829692 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X Rick Munroe 2293335939 1500 N Patterson Street Valdosta GA 31698 JERRY J JENNETT TRUSTEE 4.00 X 0 0 0 RICHARD CARVAJAL TRUSTEE 4.00 X 0 352194 0 BILL COWART TRUSTEE 4.00 X 0 0 0 BUBBA HIGHSMITH TRUSTEE 4.00 X 0 0 0 TIM HARRIS TRUSTEE 4.00 X 0 0 0 TAMMY BORDERS TRUSTEE 4.00 X 0 0 0 ASHLEY BELL TRUSTEE 4.00 X 0 0 0 LYNN MORLEY TRUSTEE 4.00 X 0 0 0 JOE BROWNLEE TRUSTEE 4.00 X 0 0 0 ELIZABETH CLARK-MORRISON TRUSTEE 4.00 X 0 0 0 MARK REGISTER TRUSTEE 4.00 X 0 0 0 CORRINA ROBINSON TRUSTEE 4.00 X 0 0 0 ROBERT L SHANNON JR TRUSTEE 4.00 X 0 0 0 SONYA MERRIMAN TRUSTEE 4.00 X 0 0 0 BOB HAGAN TRUSTEE 4.00 X 0 0 0 CHUNLEI LIU TRUSTEE 4.00 X 0 0 0 TREY SHERWOOD TRUSTEE 4.00 X 0 0 0 MIKKI HUDSON WILLS TRUSTEE 4.00 X 0 0 0 AIMEE NICOLOSI ACCOUNTING DIRECTOR 40.00 X 0 0 0 A PARRISH CLARK JR PAST-CHAIR 8.00 X 0 0 0 DAVID A HIERS CHAIR 4.00 X 0 0 0 WADE COLEMAN SECRETARY 4.00 X 0 0 0 GREG MILLER TREASURER 4.00 X 0 0 0 RICK MUNROE CEO 40.00 X 0 51500 0 0 403694 0 0 0 1 0 0 3203336 3203336 FEES 900099 406479 406479 OTHER REVENUE 900099 88696 88696 495175 2132316 2132316 7713 7713 44644 -44644 -44644 -44644 22408860 22324172 84688 84688 84688 5878584 495175 0 2180073 1322251 1322251 2730 2730 33630 33630 303015 303015 392999 362404 30595 41834 41834 41118 41118 15783 15783 92718 92718 80068 80068 84235 84235 24147 24147 13361 13361 111565 111565 Payments to or on behal 4489863 4489863 Meals and entertainment 476473 476473 Supplies 252675 243831 8844 Miscellaneous Other Exp 162026 162026 129856 129856 8070347 7829692 231811 8844 185754 159770 2050694 1963960 1348567 293460 45271 66269 2902861 762655 2153567 2140206 60096728 63800865 65880581 68424530 105700 20897 753347 662119 155929 148955 1014976 831971 X 1768491 2212642 63097114 65379917 64865605 67592559 65880581 68424530 -2191763 4918717 0 X X 0 0 0 X 6665369 2440244 5051722 3532096 3203336 20892767 6665369 2440244 5051722 3532096 3203336 20892767 5221472 15671295 1199320 1583712 1542700 1575934 2132316 8033982 485932 502418 495690 207000 1691040 30617789 2761813 0.51180 0.49100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 63097114 3203336 7916276 8836809 65379917 72570010 3298859 -8873378 3898377 63097114 62523959 4572684 9150316 3676949 72570010 57396498 2273790 5602146 2748475 62523959 46598705 6530809 8306192 4039208 57396498 1 0 1811763 1811763 1029034 702650 326384 62064 60005 2059 2140206 Due to VSU Alumni Association 148955 148955 X 10540622 4918717 3622 44644 4966983 5573639 304945 304945 5878584 7813668 3622 44644 48266 7765402 304945 304945 8070347 Part X, Line 2: The Organization evaluates any income tax benefits generated from uncertain tax positions using a more-likely-than-not of being sustained upon examination analysis. If a tax benefit is not more-likely-than-not of being sustained upon examination, the Organization records a liability for the recognized income tax benefit. The Organization recognizes accrued interest associated with uncertain tax positions as part of interest expense and penalties associated with uncertain tax positions as part of other expenses. For the years ended December 31, 2023 and 2022, management believes there are no material amounts of uncertain tax positions. Additionally, there were no amounts of interest or penalties recognized in the statements of financial position as of December 31, 2023 and 2022 or the statements of activities for the years then ended. Further, all years subsequent to 2020 remain subject to examination by the IRS. Part XI, Line 2d - Other Adjustments: Rental expenses Part XII, Line 2d - Other Adjustments: Rental expenses Part V, Line 4: The accumulation of funds allows the Foundation to follow it's mission to designate resources for the academic, artistic, athletic, teaching, research and public service programs of the University. 1 Scholarships 530 1322251 N/A N/A 0 0 0 0 0 0 0 0 0 RICHARD CARVAJAL TRUSTEE 0 352194 0 0 0 0 0 0 0 0 0 352194 0 0 Form 990, Part VI, Section B, line 11b An officer reviews and signs Form 990; a copy of Form 990 is emailed to all trustees for review prior to filing. Form 990, Part VI, Section B, line 12c The organization regularly and consistently monitors and enforces compliance with its conflict-of-interest policy by annually reviewing and updating its policy as necessary, by requiring all new trustees, officers, directors and key employees to complete a written conflict-of-interest declaration, and by requiring all existing trustees, officers, directors and key employees to complete annual written conflict-of-interest declarations. Form 990, Part VI, Section C, line 19 Governing documents are made available for public inspection upon request. Form 990, Part XII, Line 2C: No change in the audit oversight process or the independent auditor selection process during the current year. VALDOSTA STATE UNIVERSITY 1500 N PATTERSON ST VALDOSTA GA 31698 586002072 EDUCATION GA 170b1A N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 VALDOSTA STATE UNIVERSITY R 4489863 COST