2023-11-15T08:07:41-06:00 2022-12-31 581224069 Fowler Holley Rambo & Stalvey PC 3208 Wildwood Plantation Drive Valdosta GA 31605 990 2022-01-01 581582136 Valdosta State University Foundation Inc VALD 2293335939 1500 N Patterson Street Valdosta GA 31698 Rick Munroe CEO 2293335939 2023-11-14 1 Rick Munroe 999009999 0 C Wayne Rambo CPA P01298902 2292441559 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Rick Munroe 1500 N Patterson St Valdosta GA 31698 41068140 0 X www.valdosta.edu/adv/fnd X 1963 GA The Foundation exists to support development of educational excellence at Valdosta State University. 22 21 0 0 0 0 5051722 3532096 835422 575567 5496413 -277300 512035 219011 11895592 4049374 1378012 1448435 0 0 0 0 0 0 13135 3161433 4252405 4539445 5700840 7356147 -1651466 81061715 65880581 4008571 1014976 77053144 64865605 The Foundation exists to support development of educational excellence at Valdosta State University. 0 0 3803191 575567 The Foundation's primary efforts are directed toward attracting, receiving, investing, managing, and expending gifts and other resources designated for the academic, artistic, athletic, teaching, research, and public service programs of the University. 1448435 1448435 Scholarships to students of Valdosta State University. 5251626 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X Rick Munroe 2293335939 1500 N Patterson Street Valdosta GA 31698 JERRY J JENNETT TRUSTEE 4.00 X 0 0 0 RICHARD CARVAJAL TRUSTEE 4.00 X 0 352195 0 CHANDLER HAYDON TRUSTEE 4.00 X 0 0 0 PAULA HUTCHINSON TRUSTEE 4.00 X 0 0 0 BILL COWART TRUSTEE 4.00 X 0 0 0 BUBBA HIGHSMITH TRUSTEE 4.00 X 0 0 0 TIM HARRIS TRUSTEE 4.00 X 0 0 0 TAMMY BORDERS TRUSTEE 4.00 X 0 0 0 ASHLEY BELL TRUSTEE 4.00 X 0 0 0 LYNN MORLEY TRUSTEE 4.00 X 0 0 0 JOE BROWNLEE TRUSTEE 4.00 X 0 0 0 ELIZABETH CLARK-MORRISON TRUSTEE 4.00 X 0 0 0 MARK REGISTER TRUSTEE 4.00 X 0 0 0 CORRINA ROBINSON TRUSTEE 4.00 X 0 0 0 ROBERT L SHANNON JR TRUSTEE 4.00 X 0 0 0 SONYA MERRIMAN TRUSTEE 4.00 X 0 0 0 ARTHUR B PEARCE INTERIM CEO 40.00 X 0 138523 0 AIMEE NICOLOSI ACCOUNTING DIRECTOR 40.00 X 0 0 0 MARTIN E MCGHIN IMMEDIATE PAST CHAIR 4.00 X 0 0 0 A PARRISH CLARK JR PAST-CHAIR 8.00 X 0 0 0 DAVID A HIERS CHAIR 4.00 X 0 0 0 WADE COLEMAN SECRETARY 4.00 X 0 0 0 GREG MILLER TREASURER 4.00 X 0 0 0 JOHN D CRAWFORD PAST CEO 40.00 X 0 225320 0 0 716038 0 0 0 1 0 0 3532096 2625 3532096 FEES 900099 327725 327725 OTHER REVENUE 900099 133980 133980 INTEREST-RATE SWAP CHANGE 900099 113862 113862 575567 1575934 1575934 12011 12011 228490 21490 207000 207000 207000 35144042 35300125 1697151 -156083 -1697151 -1853234 -1853234 4049374 575567 0 -58289 1448435 1448435 5885 5885 43000 43000 326798 326798 472216 443829 28387 22798 22798 51583 51583 49370 49370 131389 131389 90921 90921 76791 76791 84593 84593 129745 129745 95099 95099 Payments to or on behal 1428682 1428682 Meals and entertainment 581438 581438 Supplies 374851 361716 13135 Registrations 93284 93284 193962 193962 5700840 5251626 436079 13135 185442 185754 1704403 2050694 1411926 1348567 37893 45271 2902861 749294 6379777 2153567 71342274 60096728 81061715 65880581 86066 105700 261963 0 2427442 0 852294 753347 380806 155929 4008571 1014976 X 4483134 1768491 72570010 63097114 77053144 64865605 81061715 65880581 -1651466 -10536073 0 X X 0 1 X 1 0 X 5552692 6665369 2440244 5051722 3532096 23242123 5552692 6665369 2440244 5051722 3532096 23242123 7241091 16001032 1265914 1199320 1583712 1542700 1575934 7167580 488587 485932 502418 495690 207000 2179627 32589330 2673475 0.49100 0.45190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 72570010 3298859 -8873378 3898377 63097114 62523959 4572684 9150316 3676949 72570010 57396498 2273790 5602146 2748475 62523959 46598705 6530809 8306192 4039208 57396498 47936773 7242182 -3861123 4719127 46598705 1 0 1811763 1811763 1029034 699622 329412 62064 49672 12392 2153567 Due to VSU Alumni Association 155929 155929 X -5164508 -10536073 25224 21490 -10489359 5324851 307812 -1583289 -1275477 4049374 7023031 25224 21490 46714 6976317 307812 -1583289 -1275477 5700840 Part X, Line 2: The Organization evaluates any income tax benefits generated from uncertain tax positions using a more-likely-than-not of being sustained upon examination analysis. If a tax benefit is not more-likely-than-not of being sustained upon examination, the Organization records a liability for the recognized income tax benefit. The Organization recognizes accrued interest associated with uncertain tax positions as part of interest expense and penalties associated with uncertain tax positions as part of other expenses. For the years ended December 31, 2022 and 2021, management believes there are no material amounts of uncertain tax positions. Additionally, there were no amounts of interest or penalties recognized in the statements of financial position as of December 31, 2022 and 2021 or the statements of activities for the years then ended. Further, all years subsequent to 2019 remain subject to examination by the IRS. Part XI, Line 2d - Other Adjustments: Rental expenses Part XI, Line 4b - Other Adjustments: Change in fair value of interest-rate swap Loss on transfer of property Part XII, Line 2d - Other Adjustments: Rental expenses Part XII, Line 4b - Other Adjustments: Change in fair value of interest-rate swap Loss on transfer of property Part V, Line 4: The accumulation of funds allows the Foundation to follow it's mission to designate resources for the academic, artistic, athletic, teaching, research and public service programs of the University. 1 Scholarships 557 1448435 N/A N/A 0 0 0 0 0 0 0 0 0 RICHARD CARVAJAL TRUSTEE 0 352195 0 0 0 0 0 0 0 0 0 352195 0 0 JOHN D CRAWFORD PAST CEO 0 225320 0 0 0 0 0 0 0 0 0 225320 0 0 Form 990, Part VI, Section B, line 11b An officer reviews and signs Form 990; a copy of Form 990 is emailed to all trustees for review prior to filing. Form 990, Part VI, Section B, line 12c The organization regularly and consistently monitors and enforces compliance with its conflict-of-interest policy by annually reviewing and updating its policy as necessary, by requiring all new trustees, officers, directors and key employees to complete a written conflict-of-interest declaration, and by requiring all existing trustees, officers, directors and key employees to complete annual written conflict-of-interest declarations. Form 990, Part VI, Section C, line 19 Governing documents are made available for public inspection upon request. Form 990, Part XII, Line 2C: No change in the audit oversight process or the independent auditor selection process during the current year. VALDOSTA STATE UNIVERSITY 1500 N PATTERSON ST VALDOSTA GA 31698 586002072 EDUCATION GA 170b1A N/A 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 VALDOSTA STATE UNIVERSITY J 228490 COST VALDOSTA STATE UNIVERSITY R 1428682 COST