Georgia Military College Foundation Inc
- Assets
- $40.0m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Milledgeville, GA
- Founding
- 07/1959
- Data as of
- 06/2022
- EIN
- 58-6943613
Organization Overview
Georgia Military College Foundation Inc is located in Milledgeville, GA. The organization was established in 1959. 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 06/2022, Georgia Military College Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia Military 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 06/2022, Georgia Military College Foundation Inc generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 8.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION SUPPORTS GEORGIA MILITARY COLLEGE BY RAISING FUNDS, IMPROVING FACILITIES AND MANAGING ENDOWMENT FUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SUPPORTS GEORGIA MILITARY COLLEGE BY RAISING FUNDS, IMPROVING FACILITIES, PROVIDING PROGRAM SUPPORT AND MANAGING ENDOWMENT FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Strom Executive Director | OfficerTrustee | 40 | $135,058 |
Denise Wansley Secretary | Officer | 1 | $59,446 |
William B Caldwell IV Ex Officio Trustee | OfficerTrustee | 1 | $0 |
Teri White Treasurer | OfficerTrustee | 1 | $0 |
David Grant Chair | OfficerTrustee | 1 | $0 |
Barbara Rion Vice Chair | OfficerTrustee | 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 | $3,409,835 |
| Noncash contributions included in lines 1a–1f | $112,300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,409,835 |
| Total Program Service Revenue | $0 |
| Investment income | $2,281,889 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $36,095 |
| Net Gain/Loss on Asset Sales | -$650,429 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,077,390 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $872,015 |
| 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 | $5,620 |
| Fees for services: Accounting | $19,876 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $104,659 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,900 |
| Information technology | $50,158 |
| Royalties | $0 |
| Occupancy | $14,064 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,182 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70 |
| Insurance | $12,517 |
| All other expenses | $2,100 |
| Total functional expenses | $1,108,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,199,492 |
| Savings and temporary cash investments | $30,836 |
| Pledges and grants receivable | $1,707,405 |
| 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 | $0 |
| Net Land, buildings, and equipment | $384,472 |
| Investments—publicly traded securities | $35,465,338 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,190,252 |
| Total assets | $39,977,795 |
| Accounts payable and accrued expenses | $16,767 |
| Grants payable | $0 |
| Deferred revenue | $150,000 |
| Tax-exempt bond liabilities | $0 |
| 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 | $166,767 |
| Net assets without donor restrictions | $5,429,525 |
| Net assets with donor restrictions | $34,381,503 |
| 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 | $39,977,795 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Georgia Military College Foundation Inc has recieved totaling $662,847.
| Awarding Organization | Amount |
|---|---|
Newday Usa Foundation Inc Fulton, MD PURPOSE: SCHOLARSHIPS | $611,673 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $20,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $7,250 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $7,000 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $5,518 |
The Madden Foundation Inc Lexington, KY PURPOSE: GENERAL ASSISTANCE | $5,000 |
Endowment Analysis
| Beg. Balance | $39,853,260 |
| Earnings | -$5,593,199 |
| Net Contributions | $1,109,356 |
| Other Expense | $390,047 |
| Ending Balance | $34,979,370 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miami Dade College Foundation Inc Miami, FL | $203,072,980 | $26,102,618 |
The Lord Foundation Of North Carolina Durham, NC | $23,094,681 | $641,441 |
Oxbridge Academy Foundation Inc West Palm Beach, FL | $65,288,192 | $19,905,008 |
University Of West Florida Foundation Inc Pensacola, FL | $164,565,433 | $23,515,652 |
University Of North Carolina At Greensboro Investment Fund Inc Greensboro, NC | $369,290,686 | $22,759,163 |
Building Equity Sooner For Tomarrow Greenville, SC | $493,697,004 | $17,744,355 |
Appalachian State University Foundation Inc Boone, NC | $159,413,962 | $18,404,104 |
Gator Boosters Inc Gainesville, FL | $35,445,358 | $17,089,938 |
University Of North Carolina Chapel Hill Arts And Sciences Foundation Chapel Hill, NC | $518,992,807 | $33,231,064 |
The University Of North Florida Foundation Inc Jacksonville, FL | $189,463,504 | $37,925,600 |
Usf Health Professions Conferencing Corporation Tampa, FL | $17,834,474 | $17,025,476 |
Florida Agricultural & Mechanical Univ Foundation Inc Tallahassee, FL | $165,576,820 | $45,594,915 |