Gordon Junior College Foundation Inc
- Assets
- $29.4m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 5
- Location
- Barnesville, GA
- Founding
- 03/1973
- Data as of
- 12/2023
- EIN
- 23-7271047
Organization Overview
Gordon Junior College Foundation Inc is located in Barnesville, GA. The organization was established in 1973. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2023, Gordon Junior College Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gordon Junior College 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 12/2023, Gordon Junior College Foundation Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 18.1% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE COLLEGE IN ALL ENDEAVORS THAT ARE NOT SUPPORTED BUT SANCTIONED BY THE BOARD OF REGENTS TO INCLUDE BUT NOT LIMITED TO THE FOLLOWING:-SUPPORT THE COLLEGE WITH OUR VISIBLE ATTENDANCE ON CAMPUS AND IN OUR INDIVIDUAL COMMUNITIES;-SUPPORT THE COLLEGE BY CONTINUING TO GIVE TO AND RAISE FUNDS FOR THE FOUNDATION;-SUPPORT THE COLLEGE WITH PRUDENT MANAGEMENT OF THE FOUNDATIONS' ASSETS WHICH ALLOWS THE TRUSTEES TO:1) FUND SCHOLARSHIPS TO DESERVING STUDENTS;2) ACQUIRE PROPERTY FOR THE COLLEGE;3) CONSTRUCT BUILDINGS, IF FINANCIALLY REWARDING;4) CONTRIBUTE TO FACULTY DEVELOPMENT AND SUPPORT;5) FUND ANY NECESSARY OR DESERVING REQUEST OR ACTIVITY FOR THE BENEFIT OF THE COLLEGE IF APPROVED BY A MAJORITY OF THE TRUSTEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO VARIOUS GORDON STATE COLLEGE STUDENTS.
FINANCE CONSTRUCTION OF STUDENT HOUSING AND RECREATION CENTER, RENTAL OF STUDENT HOUSING TO GORDON STATE COLLEGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Montrese Adger Fuller Executive Director | Officer | 16 | $76,013 |
Meagan Pearson Interim Executive Director | Officer | 16 | $63,845 |
Robert L Harris Chair | OfficerTrustee | 2 | $0 |
B Waine Kong Vice Chair | OfficerTrustee | 1 | $0 |
Reshann Adams Treasurer | OfficerTrustee | 2 | $0 |
Donald J Green Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $29,562 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,093,943 |
| Noncash contributions included in lines 1a–1f | $11,725 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,123,505 |
| Total Program Service Revenue | $644,930 |
| Investment income | $442,549 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $583,313 |
| Net Income from Fundraising Events | -$17,723 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,776,574 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $779,193 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,150 |
| Fees for services: Accounting | $28,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $80,685 |
| Fees for services: Other | $75,031 |
| Advertising and promotion | $2,218 |
| Office expenses | $33,855 |
| Information technology | $31,220 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,779 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,511 |
| Interest | $502,800 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $170 |
| All other expenses | $21,671 |
| Total functional expenses | $1,613,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $404,600 |
| Savings and temporary cash investments | $1,690,216 |
| Pledges and grants receivable | $356,933 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,046,482 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $15,904,592 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,402,823 |
| Accounts payable and accrued expenses | $244,250 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $10,004,743 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,248,993 |
| Net assets without donor restrictions | $12,493,166 |
| Net assets with donor restrictions | $6,660,664 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $29,402,823 |