Augusta University Foundation Inc
- Assets
- $77.3m
- Revenue
- $13.9m
- Investments
- $31.4m
- Employees
- 0
- Location
- Augusta, GA
- Founding
- 04/1967
- Data as of
- 06/2022
- EIN
- 58-6038134
Organization Overview
Augusta University Foundation Inc is located in Augusta, GA. The organization was established in 1967. 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. Augusta 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, Augusta University Foundation Inc generated $13.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $4.4m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISHING AND ADMINISTERING ENDOWMENT FUNDS FOR THE BENEFIT OF AUGUSTA UNIVERSITY.
Describe the Organization's Program Activity:
TO PROVIDE DIRECT SUPPORT TO AUGUSTA UNIVERSITY FOR UNIVERSITY PROGRAMS, ACADEMIC SUPPORT, AND SCHOLARSHIP FUNDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Williams Co-Treasurer | OfficerTrustee | 1 | $0 |
Al Harris Co-Chair | OfficerTrustee | 1 | $0 |
Alan Griffin Board Member | Trustee | 1 | $0 |
Anita Wylds Board Member | Trustee | 1 | $0 |
Bernard Silverstein Board Member - Emeriti Trustee | Trustee | 1 | $0 |
Bill Kuhlke Board Member - Emeriti Trustee | Trustee | 1 | $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 | $10,306,564 |
| Noncash contributions included in lines 1a–1f | $1,495,725 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,306,564 |
| Total Program Service Revenue | $0 |
| Investment income | $1,346,472 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,745 |
| Net Gain/Loss on Asset Sales | $2,087,560 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,924,556 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $531,846 |
| 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 | $1,252,249 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $442,598 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $107,451 |
| Fees for services: Other | $53,886 |
| Advertising and promotion | $66,614 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,996 |
| Travel | $135,490 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $726,777 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,942 |
| All other expenses | $181,697 |
| Total functional expenses | $4,362,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,346,128 |
| Pledges and grants receivable | $5,492,153 |
| Accounts receivable, net | $13,625 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,343,744 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,749 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,809,391 |
| Investments—other securities | $31,420,650 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $868,334 |
| Total assets | $77,306,774 |
| Accounts payable and accrued expenses | $700,042 |
| Grants payable | $0 |
| Deferred revenue | $119,108 |
| Tax-exempt bond liabilities | $20,257,427 |
| 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 | $5,098,172 |
| Total liabilities | $26,174,749 |
| Net assets without donor restrictions | $4,641,969 |
| Net assets with donor restrictions | $46,490,056 |
| 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 | $77,306,774 |