Georgia State University Foundation Inc
- Assets
- $466.1m
- Revenue
- $89.6m
- Investments
- $37.4m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 05/1961
- Data as of
- 06/2022
- EIN
- 58-6033185
Organization Overview
Georgia State University Foundation Inc is located in Atlanta, GA. The organization was established in 1961. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. 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 06/2022, Georgia State University Foundation Inc generated $89.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $33.9m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Georgia State University Foundation Inc has awarded 35 individual grants totaling $179,871,114. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT THE MISSION AND BEST INTERESTS OF GEORGIA STATE UNIVERSITY
Describe the Organization's Program Activity:
PROGRAM SUPPORT: THE GSU FOUNDATION PROVIDED THE UNIVERSITY SUPPORT FOR EDUCATION, FACILITIES, ACTIVITIES AND PROGRAMS OF THE UNIVERSITY. PRIVATE GIFT SUPPORT HELPS PROVIDE SPACE, ENVIRONMENT AND TECHNOLOGIES THAT PROMOTE THE HIGHEST LEVEL OF TEACHING, LEARNING AND RESEARCH.
STUDENT SUPPORT: THE GSU FOUNDATION PROVIDED THE UNIVERSITY SUPPORT FOR STUDENTS. STUDENTS RECEIVED BOTH MERIT AND NEED BASED SCHOLARSHIP SUPPORT ACROSS ALL PROGRAMS AND UNITS OF THE UNIVERSITY. PRIVATE GIFT SUPPORT IS CRITICAL TO REACHING OUR GOAL OF HAVING ALL WILLING STUDENTS ABLE TO EXPLORE THEIR EDUCATIONAL OPPORTUNITIES, EXPERIENCE COLLEGE LIFE, AND EFFICIENTLY MANAGE TUITION COSTS AND DEBT LOADS.
FACULTY AND STAFF SUPPORT: UNIVERSITY FACULTY AND STAFF RECEIVED ADDITIONAL SUPPORT ALLOWING FOR INCREASED RESEARCH OPPORTUNITIES AND IMPROVED CLASSROOM EXPERIENCES FOR ALL STUDENTS. PRIVATE GIFT SUPPORT HELPS MEET THE UNIVERSITY'S GOAL TO ATTRACT AND RETAIN WORLD CLASS FACULTY TO TEACH OUR STUDENTS AND EXPAND OUR RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Kahn Foundation President | OfficerTrustee | 40 | $325,793 |
Dale Palmer Assistant Treasurer/cfo | Officer | 40 | $196,713 |
Chris Burge Avp Advancement Infosys/tech | 40 | $174,387 | |
Mildred Garmon Comptroller | 40 | $139,392 | |
Donna Nichols Assistant Secretary | Officer | 40 | $56,483 |
Ronald Freeman Trustee & Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Humphries And Company Llc Construction | 6/29/22 | $882,909 |
John F Pennebaker Co Inc Hvac Contractor | 6/29/22 | $588,069 |
Hibernia Enterprises Inc Construction | 6/29/22 | $254,255 |
Mauldin & Jenkins Llc Audit & Accounting Services | 6/29/22 | $143,178 |
Ruffalo Noel Levitz Inc Fundraising Consultant | 6/29/22 | $297,016 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,592 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,699,341 |
| Noncash contributions included in lines 1a–1f | $4,751,128 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,702,933 |
| Total Program Service Revenue | $18,051,010 |
| Investment income | $7,965,399 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,442 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,163,665 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $89,649,877 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,387,988 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $30,750 |
| Fees for services: Accounting | $76,791 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $287,322 |
| Fees for services: Investment Management | $399,014 |
| Fees for services: Other | $1,024,300 |
| Advertising and promotion | $268,775 |
| Office expenses | $1,776,296 |
| Information technology | $91,025 |
| Royalties | $0 |
| Occupancy | $7,774,023 |
| Travel | $613,152 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $815,765 |
| Interest | $3,284,214 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $665,798 |
| Insurance | $136,457 |
| All other expenses | $126,203 |
| Total functional expenses | $33,855,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,677,205 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $20,782,587 |
| Accounts receivable, net | $731,268 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,755,739 |
| Net Land, buildings, and equipment | $13,274,587 |
| Investments—publicly traded securities | $235,277,014 |
| Investments—other securities | $37,380,407 |
| Investments—program-related | $92,628,421 |
| Intangible assets | $0 |
| Other assets | $48,565,977 |
| Total assets | $466,073,205 |
| Accounts payable and accrued expenses | $1,565,167 |
| Grants payable | $0 |
| Deferred revenue | $370,819 |
| Tax-exempt bond liabilities | $98,029,725 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $22,120,000 |
| Unsecured mortgages and notes payable | $10,000,000 |
| Other liabilities | $18,663,655 |
| Total liabilities | $150,749,366 |
| Net assets without donor restrictions | $36,178,681 |
| Net assets with donor restrictions | $279,145,158 |
| 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 | $466,073,205 |
Grants Awarded
Over the last fiscal year, Georgia State University Foundation Inc has awarded $15,387,988 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGIA STATE UNIVERSITY PURPOSE: SCHOLARSHIPS AND AWARDS | $8,247,773 |
GEORGIA STATE UNIVERSITY PURPOSE: TEACHING SALARY SUPPLEMENTS | $4,731,964 |
GEORGIA STATE UNIVERSITY PURPOSE: UNIVERSITY FACILITY RENOVATIONS | $1,809,343 |
GEORGIA STATE UNIVERSITY PURPOSE: OPERATIONS | $598,908 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Georgia State University Foundation Inc has recieved totaling $47,166.
| Awarding Organization | Amount |
|---|---|
Delta Dental Community Care Foundation San Francisco, CA PURPOSE: ORAL HEALTH EDUCATION | $36,666 |
Delta Dental Community Care Foundation San Francisco, CA PURPOSE: COMMUNITY GIVING-ALPHARETTA | $10,500 |
Endowment Analysis
| Beg. Balance | $229,574,251 |
| Earnings | -$23,100,618 |
| Net Contributions | $9,302,136 |
| Other Expense | $7,299,492 |
| Ending Balance | $208,476,277 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Georgia Foundation Athens, GA | $1,813,135,367 | $241,177,913 |
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
The University Of Tennessee Foundat Ion Inc Knoxville, TN | $742,610,209 | $198,804,674 |
University Of South Florida Foundation Inc Tampa, FL | $929,677,670 | $144,887,499 |
Auburn University Foundation Auburn, AL | $857,894,187 | $96,896,842 |
Nc State Investment Fund Inc Raleigh, NC | $1,930,063,391 | $166,344,497 |
Florida State University Foundation Inc Tallahassee, FL | $730,089,060 | $57,370,131 |
Spelman College Special Ventures Fund Inc Atlanta, GA | $236,389,415 | $26,274,154 |
University Of South Carolina Educational Foundation Columbia, SC | $607,523,681 | $89,201,263 |
Seminole Boosters Inc Tallahassee, FL | $240,991,921 | $48,392,781 |
University Of Florida Research Foundation Inc Gainesville, FL | $131,218,099 | $46,757,527 |
University Of Central Florida Foundation Inc Orlando, FL | $396,904,531 | $45,984,866 |