University Of West Georgia Foundation Inc
- Assets
- $86.1m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 18
- Location
- Carrollton, GA
- Founding
- 03/1967
- Data as of
- 06/2022
- EIN
- 58-6056464
Organization Overview
University Of West Georgia Foundation Inc is located in Carrollton, GA. The organization was established in 1967. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, University Of West Georgia Foundation Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of West Georgia 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, University Of West Georgia Foundation Inc generated $10.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $5.7m during the year ending 06/2022. While expenses have increased by 0.5% 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.
Since 2017, University Of West Georgia Foundation Inc has awarded 33 individual grants totaling $23,231,259. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY OF WEST GEORGIA FOUNDATION, INC. AND SUBSIDIARIES HAVE THE FOLLOWING PROGRAM MISSIONS:1 - STUDENT SCHOLARSHIPS AND SUPPORT2 - PROGRAMMATIC AND INSTITUTIONAL SUPPORT3 - STUDENT HOUSING SUPPORT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERSITY OF WEST GEORGIA FOUNDATION PROVIDES STUDENT HOUSING ON CAMPUS FOR UNIVERSITY OF WEST GEORGIA STUDENTS.
THE UNIVERSITY OF WEST GEORGIA FOUNDATION RAISES PHILANTHROPIC DOLLARS TO FUND DEPARTMENTAL, PROGRAMMATIC AND INSTITUTIONAL SUPPORT AT THE UNIVERSITY OF WEST GEORGIA.
THE UNIVERSITY OF WEST GEORGIA FOUNDATION RAISES PHILANTHROPIC DOLLARS TO FUND MERIT AND/OR NEEDS-BASED SCHOLARSHIPS FOR UNIVERSITY OF WEST GEORGIA STUDENTS AS WELL AS NUMEROUS DEPARTMENTAL, SCHOLASTIC AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Meredith Brunen CEO | Officer | 20 | $208,406 |
Mr Gary Kinard Trustee/vice Chair | OfficerTrustee | 0.2 | $0 |
Mr Tim Martin Trustee/secretary | OfficerTrustee | 0.2 | $0 |
Ms Ann Newman Trustee/chair | OfficerTrustee | 0.2 | $0 |
Mr Luis A Planas Trustee/past Chair | OfficerTrustee | 0.2 | $0 |
Mr David R Edwards Trustee/treasurer | OfficerTrustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $107,230 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,564,493 |
| Noncash contributions included in lines 1a–1f | $282,462 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,671,723 |
| Total Program Service Revenue | $2,050,089 |
| Investment income | $567,577 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,105,039 |
| Net Income from Fundraising Events | -$41,903 |
| Net Income from Gaming Activities | $6,000 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,389,838 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,032,211 |
| Grants and other assistance to domestic individuals. | $107,383 |
| 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 | $12,236 |
| Fees for services: Accounting | $36,443 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $108,664 |
| Fees for services: Other | $176,679 |
| Advertising and promotion | $1,372 |
| Office expenses | $103,744 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,735 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,253 |
| Interest | $934,561 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,838 |
| Insurance | $96,821 |
| All other expenses | $3,928 |
| Total functional expenses | $5,723,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,195,030 |
| Savings and temporary cash investments | $3,722,389 |
| Pledges and grants receivable | $3,316,781 |
| Accounts receivable, net | $0 |
| 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 | $11,247 |
| Net Land, buildings, and equipment | $117,671 |
| Investments—publicly traded securities | $35,334,536 |
| Investments—other securities | $0 |
| Investments—program-related | $32,451,052 |
| Intangible assets | $0 |
| Other assets | $7,992,235 |
| Total assets | $86,140,941 |
| Accounts payable and accrued expenses | $150,640 |
| Grants payable | $0 |
| Deferred revenue | $6,430 |
| Tax-exempt bond liabilities | $33,476,079 |
| 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 | $1,717,509 |
| Total liabilities | $35,350,658 |
| Net assets without donor restrictions | $10,725,402 |
| Net assets with donor restrictions | $40,064,881 |
| 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 | $86,140,941 |
Grants Awarded
Over the last fiscal year, University Of West Georgia Foundation Inc has awarded $4,032,211 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF WEST GEORGIA PURPOSE: STUDENT SCHOLARSHIPS | $1,536,391 |
UNIVERSITY OF WEST GEORGIA PURPOSE: PROGRAMMATIC & OTHER INSTITUTIONAL SUPPORT | $1,463,582 |
UNIVERSITY OF WEST GEORGIA PURPOSE: FURNITURE, FIXTURES & MINOR EQUIPMENT | $502,647 |
UNIVERSITY OF WEST GEORGIA PURPOSE: FACULTY & STAFF COMPENSATION SUPPORT | $276,563 |
UNIVERSITY OF WEST GEORGIA PURPOSE: STUDENT HOUSING IMPROVEMENTS | $228,028 |
Carrollton, GA PURPOSE: OPERATIONAL SUPPORT | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that University Of West Georgia Foundation Inc has recieved totaling $1,131,632.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $410,750 |
Community Foundation Of West Georgia Inc Carrollton, GA PURPOSE: PROGRAM | $229,316 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $227,600 |
Lettie Pate Whitehead Foundation Inc Atlanta, GA PURPOSE: For nursing scholarships. | $206,000 |
Calvin K Kazanjian Economics Foundation Inc Scottsdale, AZ PURPOSE: SUPPORT ROCKONOMIX REMIX PROJECT | $25,000 |
Community Foundation Of West Georgia Inc Carrollton, GA PURPOSE: PROGRAM | $10,500 |
Endowment Analysis
| Beg. Balance | $41,072,359 |
| Earnings | -$4,959,349 |
| Net Contributions | $1,189,303 |
| Grants | $970,870 |
| Ending Balance | $36,331,443 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
The Hartwell Foundation Corporation Memphis, TN | $88,595,532 | $17,280,759 |
Morehead Cain Foundation Chapel Hill, NC | $0 | $13,275,596 |
Education Foundation Scholarship Endowment Trust Chapel Hill, NC | $389,903,195 | $25,351,334 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Amity Medical Group Inc Charlotte, NC | $3,300,228 | $10,911,191 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |