Nonprofit · EIN 23-7281905
FORT VALLEY STATE UNIVERSITY FOUNDATION INC
Tax-exempt · FORT VALLEY, GA 31030
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,391,872 | $4,887,111 | $504,761 | $34,671,962 | $16,523,058 | $18,148,904 |
| June 30, 2024 | 990 | $4,891,777 | $4,657,814 | $233,963 | $34,869,262 | $17,225,119 | $17,644,143 |
| June 30, 2023 | 990 | $4,424,406 | $4,323,449 | $100,957 | $35,228,716 | $17,818,536 | $17,410,180 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,788,132
- Program service revenue
- $771,667
- Investment income
- $292,562
- Net rental income
- $12,463
- Other revenue
- $1,539,511
Expenses
- Grants and similar amounts paid
- $2,567,680
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $621,469
- Travel
- $130,819
- Program services (functional)
- $3,327,129
- Management and general (functional)
- $1,559,982
Balance sheet and other
- Total assets, start of year
- $34,869,262
- Total assets, end of year
- $34,671,962
- Total liabilities, end of year
- $16,523,058
- Net assets, end of year
- $18,148,904
- Land, buildings and equipment
- $1,117,513
- Publicly traded securities
- $14,719,472
- Net assets without donor restrictions
- $18,148,904
- Gross receipts
- $5,391,872
- Employees
- 0
- State of legal domicile
- GA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN WRIGHT | EXECUTIVE DI Officer | 40 | $0 |
| KENNETH HOWARD | ACTING CHARI Officer | – | $0 |
| PATTY JAMES STINSON | DIRECTOR Trustee or director | – | $0 |
| VERNAND HODGES | TREASURER Officer | – | $0 |
| CYNTHIA CARTER | SECRETARY Officer | – | $0 |
| THEODORE DANIELS | DIRECTOR Trustee or director | – | $0 |
| ANGELA FUSSELL | DIRECTOR Trustee or director | – | $0 |
| DOUGLAS HENDRIX | DIRECTOR Trustee or director | – | $0 |
| GWENDOLYN REEVES | DIRECTOR Trustee or director | – | $0 |
| ARTHUR JOHNSON | DIRECTOR Trustee or director | – | $0 |
| YEWSTON N MYERS III | DIRECTOR Trustee or director | – | $0 |
| BARNARD INGRAM | DIRECTOR Trustee or director | – | $0 |
| PAUL A JONES | DIRECTOR Trustee or director | – | $0 |
| GARY LEE | DIRECTOR Trustee or director | – | $0 |
| PHYLLIS KITCHENS THURMOND | DIRECTOR Trustee or director | – | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BARBARA HOLLIMON PALMER | DIRECTOR Trustee or director | – | $0 |
| GARREN WALKER | DIRECTOR Trustee or director | – | $0 |
| ISAAC CRUMBLY | DIRECTOR Trustee or director | – | $0 |
| ANDREW REESE | DIRECTOR Trustee or director | – | $0 |
| KEITH MCRAE | DIRECTOR Trustee or director | – | $0 |
| MIRAM LOVE | DIRECTOR Trustee or director | – | $0 |
| PATRICK HARRIS | DIRECTOR Trustee or director | – | $0 |
| ROSE HOLTON | DIRECTOR Trustee or director | – | $0 |
| KAYPRES JACKSON | DIRECTOR Trustee or director | – | $0 |
| MICHELLE MARTIN | DIRECTOR Trustee or director | – | $0 |
| WILLIE BILLINGSLEA | DIRECTOR Trustee or director | – | $0 |
990 for the year ended June 30, 2024: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN WRIGHT | EXECUTIVE DI Officer | 50 | $0 |
| KENNETH HOWARD | ACTING CHARI Officer | 2 | $0 |
| PATTY JAMES STINSON | DIRECTOR Trustee or director | 2 | $0 |
| CHARLES ROBINSON | TREASURER Officer | 2 | $0 |
| CYNTHIA CARTER | SECRETARY Officer | 2 | $0 |
| THEODORE DANIELS | DIRECTOR Trustee or director | 2 | $0 |
| ANGELA FUSSELL | DIRECTOR Trustee or director | 2 | $0 |
| VERNARD HODGES | DIRECTOR Trustee or director | 2 | $0 |
| MELVIN DOUGLAS MORRIS | DIRECTOR Trustee or director | 2 | $0 |
| GWENDOLYN REEVES | DIRECTOR Trustee or director | 2 | $0 |
| ARTHUR JOHNSON | DIRECTOR Trustee or director | 2 | $0 |
| YEWSTON N MYERS III | DIRECTOR Trustee or director | 2 | $0 |
| NICHOLAS XAVIER HARRISON | DIRECTOR Trustee or director | 2 | $0 |
| PAUL A JONES | DIRECTOR Trustee or director | 2 | $0 |
| GARY LEE | DIRECTOR Trustee or director | 2 | $0 |
| PHYLLIS KITCHENS THURMOND | DIRECTOR Trustee or director | 2 | $0 |
| BARBARA HOLLIMON PALMER | DIRECTOR Trustee or director | 2 | $0 |
| EDWARD BOSTON | DIRECTOR Trustee or director | 2 | $0 |
| ISAAC CRUMBLY | DIRECTOR Trustee or director | 2 | $0 |
| ANDREW REESE | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2023: 29 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| PAUL JONES | DIRECTOR Trustee or director | 2 | $0 | $333,076 |
| ANTHONY HOLLOMAN | EXECUTIVE DI Former | 10 | $0 | $122,250 |
| KAREN WRIGHT | EXECUTIVE DI Officer | 40 | $0 | $40,976 |
| CALVIN SMYRE | CHAIRMAN Officer | 2 | $0 | $0 |
| LAWRENCE MARABLE | VICE CHAIRMA Officer | 2 | $0 | $0 |
| CYNTHIA CARTER | SECRETARY Officer | 2 | $0 | $0 |
| PATTY JAMES-BENTLEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOHNNIE BOOKER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KRYSTAL CONNER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ISAAC CRUMBLY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| THEODORE DANIELS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVID DANZIE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ANGELA FUSSELL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GITA GARNDER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RUFUS GREEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LOU ANN GROSS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| NICHOLAS XAVIER HARRISON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| VERNARD HODGES | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KENNETH HOWARD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JARIUS JONES | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GARY LEE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| YEWSTON N MYERS III | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MELVIN DOUG MORRIS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BARBARA PALMER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ANDREW A REESE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GWENDOLYN REEVES | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHARLES ROBINSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HOLLIS TOWNS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PHYLLIS KITCHENS-THURMOND | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1005 STATE UNIVERSITY DR, FORT VALLEY, GA 31030-4313
- Principal officer (990 for 2024)
- KAREN WRIGHT, 1005 STATE UNIVERSITY DRIVE, FORT VALLEY, GA 31030
- Signed the 990
- KAREN WRIGHT, EXECUTIVE DIRECTOR
- Phone
- (478) 825-6364
- Return prepared by
- MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC
Mission
THE PURPOSE OF THE FOUNDATION IS TO PROMOTE HIGHER EDUCATION IN THE STATE OF GEORGIA, TO RAISE AND RECEIVE FUNDS FOR THE SUPPORT AND ENHANCEMENT OF THE FORT VALLEY STATE UNIVERSITY (FVSU), AND TO AID FVSU IN ITS DEVELOPMENT AS A LEADING EDUCATIONAL INSTITUTION.
Program accomplishments
- TO SUPPORT THE ACTIVITIES OF FVSU AND TO PROMOTE HIGHER EDUCATION IN THE STATE OF GEORGIA.Expenses $3,327,129 · grants $2,567,680
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7281905
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1973
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $34,671,962
- Income (IRS master file)
- $5,391,872
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,391,872 | $4,887,111 | $34,671,962 | XML |
| 990 | June 2024 | $4,891,777 | $4,657,814 | $34,869,262 | IRS |
| 990 | June 2023 | $4,424,406 | $4,323,449 | $35,228,716 | XML |
| 990 | June 2022 | $303,819 | $742,420 | $36,188,796 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7281905).
Questions about FORT VALLEY STATE UNIVERSITY FOUNDATION INC
- What is the EIN of FORT VALLEY STATE UNIVERSITY FOUNDATION INC?
- The employer identification number (EIN) of FORT VALLEY STATE UNIVERSITY FOUNDATION INC is 23-7281905.
- Is FORT VALLEY STATE UNIVERSITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
- Are donations to FORT VALLEY STATE UNIVERSITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FORT VALLEY STATE UNIVERSITY FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FORT VALLEY STATE UNIVERSITY FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FORT VALLEY STATE UNIVERSITY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FORT VALLEY STATE UNIVERSITY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names KAREN WRIGHT.
- Who are the officers and directors of FORT VALLEY STATE UNIVERSITY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 26 people; 0 received compensation from the organization.
- How much revenue does FORT VALLEY STATE UNIVERSITY FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,391,872, expenses of $4,887,111 and total assets of $34,671,962 at year end.
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