Middle Georgia State University Foundation Inc

Organization Overview

Middle Georgia State University Foundation Inc is located in Macon, GA. The organization was established in 1970. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Middle Georgia State University Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Middle Georgia State University Foundation Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $4.3m during the year ending 12/2021. While expenses have increased by 18.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

MIDDLE GEORGIA STATE UNIVERSITY FOUNDATION STRIVES TO IMPROVE THE LIVES OF PEOPLE IN CENTRAL GEORGIA BY ENABLING MIDDLE GEORGIA STATE UNIVERSITY TO ACHIEVE EXTRAORDINARY RESULTS. THE FOUNDATION PROVIDES RESOURCES TO THE UNIVERSITY AND ITS STUDENTS THAT ENHANCE THE EDUCATIONAL EXPERIENCE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MIDDLE GEORGIA STATE UNIVERSITY FOUNDATION PROVIDED 416 SCHOLARSHIPS TO STUDENTS IN THE MIDDLE GEORGIA AREA DURING THE CALENDAR YEAR 2021.


MIDDLE GEORGIA STATE UNIVERSITY FOUNDATION PROVIDES RESOURCES THAT HELP MIDDLE GEORGIA STATE UNIVERSITY ACHIEVE ITS GOALS AND ENHANCE THE EDUCATIONAL EXPERIENCE FOR ITS STUDENTS. THESE RESOURCES ASSIST THE UNIVERSITY BY ENHANCING ACADEMIC PROGRAMS, SUPPORTING FACULTY DEVELOPMENT ACTIVITIES AND INITIATIVES, ACQUIRING NEEDED EQUIPMENT AND RESOURCES, AND CONNECTING THE UNIVERSITY TO THE COMMUNITY. DURING 2021, THE FOUNDATION COMPLETED CONSTRUCTION OF THE ENROLLMENT CENTER ON THE UNIVERSITY'S MACON, GEORGIA CAMPUS. THE ENROLLMENT CENTER WAS DEEDED OVER TO THE UNIVERSITY AS A GRANT IN THE AMOUNT OF 3,065,000.


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Board, Officers & Key Employees

Name (title)Compensation
Mary Mcdonald
Executive Di
$0
Steven J Daugherty
Chairman
$0
Butch Kirkley II
Treasurer
$0
Christina O'brien
Secretary
$0
J T Ricketson
Vice Chairma
$0
Dr Christopher Blake
Mga Presiden
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,269,783
Noncash contributions included in lines 1a–1f $72,785
Total Revenue from Contributions, Gifts, Grants & Similar$1,269,783
Total Program Service Revenue$462,305
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $696,941
Net Income from Fundraising Events $121,312
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,564,989

Grants Recieved

Over the last fiscal year, we have identified 15 grants that Middle Georgia State University Foundation Inc has recieved totaling $294,749.

Awarding OrganizationAmount
Georgia Pine Level Foundation Inc

Orlando, FL

PURPOSE: PLEDGE PAYMENT

$90,000
Houston Hospitals Inc

Warner Robins, GA

PURPOSE: NURSING EDUCATION

$75,000
Georgia Pine Level Foundation Inc

Orlando, FL

PURPOSE: PLEDGE

$50,000
E J Grassmann Trust

Warren, NJ

PURPOSE: CAPITAL FUND SUPPORT

$17,300
The Peyton Anderson Foundation Inc

Macon, GA

PURPOSE: SCHOLARSHIPS

$13,250
The Duke Energy Foundation

Charlotte, NC

PURPOSE: VIBRANT ECONOMIES

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$14,037,736
Earnings$2,171,420
Net Contributions$256,701
Other Expense-$667,096
Ending Balance$15,798,761

Peer Organizations

Organization NameAssets
Lemoyne Owen College
Memphis, TN
$23,441,931
Hodges University Inc
Ft Myers, FL
$14,637,102
Voorhees College
Denmark, SC
$40,025,778
Compass Rose Foundation Inc
Jacksonville, FL
$19,833,051
Brewton Parker College Inc
Mount Vernon, GA
$18,922,646
Bennett College
Greensboro, NC
$40,377,386
Morris College
Sumter, SC
$16,212,901
Welch College
Gallatin, TN
$11,542,139
Paine College
Augusta, GA
$10,570,569
Judson College
Marion, AL
$7,964,098
Clayton State University Foundation Inc
Morrow, GA
$15,697,742
Beacon College Prep Inc
Miami Beach, FL
$7,064,402

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