2025-02-03T12:32:53-06:00 2024-06-30 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2023-07-01 586043972 GEORGIA COLLEGE & STATE UNIVERSITY FOUNDATION INC GEOR 4784455400 CAMPUS BOX 96 MILLEDGEVILLE GA 31061 B SETH WALKER EXECUTIVE DIRECTOR 4784455400 2025-01-28 1 1 MARY JO ALEXANDER P00002534 7709558600 2025-01-28 2023 2025-03-06 01:10:19Z B SETH WALKER CAMPUS BOX 96 MILLEDGEVILLE GA 31061 6101541 0 X N/A X 1960 GA TO ENCOURAGE, SOLICIT, RECEIVE AND ADMINISTER GIFTS AND BEQUESTS OF PROPERTY AND FUNDS FOR THE SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES FOR THE ADVANCEMENT OF GEORGIA COLLEGE & STATE UNIVERSITY. PRIVATE GIFTS FROM ALUMNI, FRIENDS, PARENTS, CORPORATIONS AND FOUNDATIONS PROVIDE THE RESOURCES NECESSARY TO OFFER AN OUTSTANDING EDUCATIONAL EXPERIENCE FOR GEORGIA COLLEGE AND STATE UNIVERSITY STUDENTS AND ENHANCE THE OVERALL EXCELLENCE OF THIS INSTITUTION. 33 33 10 45 0 0 2164159 2971200 118378 85314 1417741 526630 54777 102266 3755055 3685410 1964638 2414443 0 0 0 0 0 0 182987 1083769 1276434 3048407 3690877 706648 -5467 61243918 65572789 8167910 8337924 53076008 57234865 THE FOUNDATION PROMOTES AND SUPPORTS THE MISSION AND VISION OF GEORGIA COLLEGE & STATE UNIVERSITY BY ACQUIRING AND ADMINISTERING RESOURCES, AND BY ADVOCATING FOR THE UNIVERSITY. 0 0 3077861 2414443 GRANTING OF SCHOLARSHIPS AND EDUCATIONAL SUPPORT ACTIVITIES TO GEORGIA COLLEGE & STATE UNIVERSITY TO FURTHER THE EDUCATIONAL EXPERIENCE OF THE STUDENTS. 162896 85314 RENTAL OF STUDENT ACTIVITY CENTER AND PARKING TO GEORGIA COLLEGE & STATE UNIVERSITY. 3240757 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 X 22 0 1 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 33 33 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 GA X THE ORGANIZATION 4784455400 CAMPUS BOX 96 MILLEDGEVILLE GA 31061 LAURIE K TAYLOR AVP OF ADV. SVCS (GCSU, EX-OFFICIO 35.00 5.00 X 0 80502 25625 SETH WALKER EXECUTIVE DIRECTOR, EX-OFFICIO GCSU 35.00 5.00 X 0 38189 3166 SHELLEY R STRICKLAND EXECUTIVE DIRECTOR, EX-OFFICIO GCSU 35.00 5.00 X 0 21616 5946 JEFF WANSLEY BOARD CHAIR 0.00 X X 0 0 0 LARRY EDWARDS TREASURER 0.00 X X 0 0 0 DEREK CHITWOOD VICE CHAIR, CHAIR - TRUSTEE DEVELOPMENT 0.00 X X 0 0 0 GENIE CHAMBERLIN CHAIR - FUNDRAISING 0.00 X 0 0 0 MAX CROOK CHAIR - INVESTMENT 0.00 X 0 0 0 ANRESA DAVIS CHAIR - STEWARDSHIP 0.00 X 0 0 0 TED SMITH CHAIR - LLC BOARDS 0.00 X 0 0 0 MURALI THIRUMAL CHAIR - REAL PROPERTY 0.00 X 0 0 0 ROB BETZEL CHAIR - FINANCE, AUDIT 0.00 X 0 0 0 CHRIS CLARK VICE CHAIR - TRUSTEE DEVELOPMENT 0.00 X 0 0 0 PAM TRAWICK VICE CHAIR - FUNDRAISING 0.00 X 0 0 0 STAN WILSON VICE-CHAIR - AUDIT 0.00 X 0 0 0 GARY THROWER VICE CHAIR - REAL PROPERTY 0.00 X 0 0 0 COREY NEW INDEPENDENT REP, EX-OFFICIO 0.00 X 0 0 0 PAM BOOKER TRUSTEE 0.00 X 0 0 0 LES CALLAHAN TRUSTEE 0.00 X 0 0 0 JIMMY CHILDRE TRUSTEE 0.00 X 0 0 0 CATHY COX TRUSTEE, PRESIDENT (GCSU) 1.00 40.00 X 0 347767 43235 ALEX GREGORY TRUSTEE 0.00 X 0 0 0 JAY HARRINGTON TRUSTEE 0.00 X 0 0 0 KYLE HOOD TRUSTEE 0.00 X 0 0 0 BILL JONES TRUSTEE 0.00 X 0 0 0 JANE KIDD TRUSTEE 0.00 X 0 0 0 KIM MARTIN TRUSTEE 0.00 X 0 0 0 GEORGE MARTINEZ TRUSTEE 0.00 X 0 0 0 ZACH MULLINS TRUSTEE 0.00 X 0 0 0 DONALD RHODES TRUSTEE 0.00 X 0 0 0 RICHARD RUSSELL TRUSTEE 0.00 X 0 0 0 DILANKA SEIMON TRUSTEE 0.00 X 0 0 0 MARIA SHEFFIELD TRUSTEE 0.00 X 0 0 0 DAN SLAGLE TRUSTEE 0.00 X 0 0 0 SUSAN STEWART TRUSTEE 0.00 X 0 0 0 DONNA BARWICK TRUSTEE 0.00 X 0 0 0 0 488074 77972 0 0 1 0 0 40000 2931200 21119 2971200 DIRECT FINANCING LEASE INCOME 531190 55318 55318 RENTAL INCOME 531120 29996 29996 85314 1075130 1075130 19500 0 19500 19500 19500 1867631 2416131 -548500 -548500 -548500 MISC. FOUNDATION ACTIVITIES 611710 82766 82766 82766 3685410 85314 0 628896 2414443 2414443 1202 1202 34019 34019 177743 177743 139582 92567 772 46243 22854 22368 486 68681 21109 6615 40957 48916 3318 10130 35468 10008 3654 5070 1284 97527 97435 92 326291 292237 14115 19939 65234 65234 6664 6664 22017 10786 11231 REPAIRS AND MAINTENANCE 97914 97739 175 REGISTRATION 42001 31121 480 10400 DECORATIONS, FLOWERS, A 36247 20900 5536 9811 GIFT ANNUITY PAYMENTS 33936 33936 45598 27246 45 18307 3690877 3240757 267133 182987 3492302 4601285 654934 536394 2530 10305 14014 22449 1258860 108228 1585656 1150632 50914119 55109545 2202885 2273771 2377478 1868408 61243918 65572789 9650 53732 1528426 1047647 6629834 7236545 8167910 8337924 X 14173089 14026390 38902919 43208475 53076008 57234865 61243918 65572789 -5467 4164324 0 X X 0 1 X 1 0 X 2689224 3570846 2712835 2164159 2971200 14108264 512296 452114 352964 465516 571158 2354048 3201520 4022960 3065799 2629675 3542358 16462312 3530925 12931387 1193373 1096827 1097104 1121735 1094630 5603669 16606 35876 14497 66979 113455 41375 109954 57645 82766 405195 22538155 9673348 0.57380 0.58110 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISC FOUNDATION ACTIVITIES - 2019 AMOUNT: $ 113,455. 2020 AMOUNT: $ 41,375. 2021 AMOUNT: $ 109,954. 2022 AMOUNT: $ 57,645. 2023 AMOUNT: $ 82,766. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1251717 X X 0 41424980 1047044 3502184 1577432 44396776 39972266 695763 2107386 1350435 41424980 44800204 1173683 -4466171 1535450 39972266 34098640 2482328 9556359 1337123 44800204 34224068 1476891 -417142 1185177 34098640 0.13000 0.62000 0.25000 0 0 932292 932292 234365 25848 208517 92203 82380 9823 1150632 ACCRUED INTEREST PAYABLE 15750 ANNUITY PAYABLE 562101 FUNDS HELD FOR OTHERS 6583623 RELATED PARTY PAYABLE 75071 7236545 X PART III, LINE 4: THE COLLECTION CONSISTS OF OLD GOVERNOR MANSION FURNISHINGS, FINE ARTS AND ANTIQUES. THE COLLECTION FURTHERS THE FOUNDATION EXEMPT PURPOSE OF RECEIVING AND ADMINISTERING GIFTS OF PROPERTY FOR THE EDUCATIONAL AND CHARITABLE ADVANCEMENT OF GEORGIA COLLEGE & STATE UNIVERSITY. PART V, LINE 4: TO FUND SCHOLARSHIPS AND PROGRAMS AT GEORGIA COLLEGE & STATE UNIVERSITY. PART X, LINE 2: THE FOUNDATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C)(3) AND HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS A PUBLICLY SUPPORTED ORGANIZATION AND NOT AS A PRIVATE FOUNDATION. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE FOUNDATION FOLLOWS THE STATUTORY REQUIREMENTS FOR ITS INCOME TAX ACCOUNTING AND GENERALLY AVOIDS RISKS ASSOCIATED WITH POTENTIALLY PROBLEMATIC TAX POSITIONS THAT MAY BE CHALLENGED UPON EXAMINATION. MANAGEMENT BELIEVES ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING ADDITIONAL INCOME TAXES FROM ACTIVITIES DEEMED TO BE UNRELATED TO THE FOUNDATION'S TAX-EXEMPT STATUS WOULD NOT HAVE A MATERIAL EFFECT ON THE FOUNDATION'S CONSOLIDATED FINANCIAL STATEMENTS. 1 GEORGIA COLLEGE & STATE UNIVERSITY 231 WEST HANCOCK STREET MILLEDGEVILLE GA 31061 586002064 1208307 0 TO PROVIDE SCHOLARSHIPS TO STUDENTS AND PROVIDE OTHER EDUCATIONAL SUPPORT TO THE UNIVERSITY. GEORGIA COLLEGE & STATE UNIVERSITY 231 WEST HANCOCK STREET MILLEDGEVILLE GA 31061 586002064 1122976 0 OTHER SUPPORT TO UNIVERSITY GEORGIA COLLEGE & STATE UNIVERSITY ALUMNI ASSOCIATION INC CAMPUS BOX 96 MILLEDGEVILLE GA 31061 237194778 501(C)(3) 54690 0 TO PROVIDE FINANCIAL SUPPORT 2 0 PART I, LINE 2: THE FOUNDATION WORKS CLOSELY WITH ADMINISTRATORS OF GEORGIA COLLEGE & STATE UNIVERSITY AND PROVIDES FUNDING BASED ON UNIVERSITY NEEDS. SCHOLARSHIPS ARE AWARDED TO STUDENTS BASED ON APPLICATIONS RECEIVED AND CRITERIA FOR INDIVIDUAL SCHOLARSHIP. 0 0 0 0 0 0 0 0 0 CATHY COX TRUSTEE, PRESIDENT (GCSU) 0 347767 0 0 0 0 0 0 0 43235 0 391002 0 0 A DEVELOPMENT AUTHORITY OF THE CITY OF MILLEDGEVILLE AND BALDWIN COUNTY 2003-12-01 7840000 REAL ESTATE CONSTRUCTION 0 0 0 A 6790000 7840000 0 0 0 0 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 FORM 990, PART V, LINE 2A AND 2B GEORGIA COLLEGE & STATE UNIVERSITY FOUNDATION, INC. UTILIZES THE FULL-TIME SERVICES OF SEVEN EMPLOYEES OF THE GEORGIA COLLEGE & STATE UNIVERSITY, A RELATED ENTITY. ADDITIONALLY TWO PART-TIME OFFICER POSITIONS ARE STAFFED BY EMPLOYEES OF THE GEORGIA COLLEGE & STATE UNIVERSITY. THE PART-TIME EMPLOYEES, AS OFFICERS, SPEND APPROXIMATELY 88% OF THEIR TIME ON FOUNDATION BUSINESS WHILE THEIR FULL SALARIES ARE REPORTED IN FORM 990, PART VII COVERING THEIR PERIOD OF EMPLOYMENT. COMPENSATION IS PAID AND REPORTED, FOR TAX PURPOSES, BY THE UNIVERSITY UNDER EIN# 58-6002064. THE VALUE OF UNIVERSITY-DONATED EMPLOYEE SERVICES FOR THE YEAR ENDED 6.30.2024 WAS $571,158. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE UPDATED TO ALIGN WITH INDUSTRY STANDARDS. FORM 990, PART VI, SECTION B, LINE 11B ALL BOARD MEMBERS HAVE AN OPPORTUNITY TO REVIEW, QUESTION AND COMMENT ON THE DRAFT 990 PRIOR TO FILING. THIS IS ACCOMPLISHED ELECTRONICALLY WITHOUT A FORMAL BOARD MEETING. UPON RESOLUTION OF ALL QUESTIONS AND CHANGES, FORM 990 IS SUBMITTED TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S BOARD OF TRUSTEES MUST SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, POLICIES AND FINANICAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE AUDIT COMMITTEE REVIEWS AND APPROVES THE AUDIT PRIOR TO ITS ISSUANCE. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. GC&SU FOUNDATION LLC II CAMPUS BOX 96 MILLEDGEVILLE GA 31061 REAL ESTATE OWNERSHIP/LEASING TO GA. COLLEGE & STATE UNIVERSITY GA 184766 2829760 GEORGIA COLLEGE & STATE UNIVERSITY FOUNDATION INC GC&SU FOUNDATION LLC IV CAMPUS BOX 96 MILLEDGEVILLE GA 31061 REAL ESTATE OWNERSHIP/LEASING TO GA. COLLEGE & STATE UNIVERSITY GA 63069 1306257 GEORGIA COLLEGE & STATE UNIVERSITY FOUNDATION INC GEORGIA COLLEGE & STATE UNIVERSITY ALUMNI ASSOC CAMPUS BOX 96 MILLEDGEVILLE GA 31061 237194778 ALUMNI ACTIVITIES GA 501(C)(3) LINE 5 1 GEORGIA COLLEGE & STATE UNIVERSITY 231 WEST HANCOCK STREET MILLEDGEVILLE GA 31061 586002064 EDUCATION GA 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 GEORGIA COLLEGE & STATE UNIVERSITY ALUMNI ASSOC B 54690 ACTUAL CASH