2024-04-03T14:19:41-05:00 2023-06-30 580673524 MSTILLER LLC 1960 SATELLITE BLVD SUITE 3600 DULUTH GA 30097 990 2022-07-01 205107997 GEORGIA GWINNETT COLLEGE FOUNDATION INC GEOR 6784075021 1000 UNIVERSITY CENTER LANE BLDG B LAWRENCEVILLE GA 30043 JENNIFER HENDRICKSON PRESIDENT 6784075021 2024-02-24 1 JENNIFER HENDRICKSON 999009999 0 GREGORY W HAYES P00054246 7709958800 2024-02-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JENNIFER HENDRICKSON 1000 UNIVERSITY CENTER LANE BLDG B LAWRENCEVILLE GA 30043 10967749 0 X WWW.GGCFOUNDATION.ORG X 2006 GA THE FOUNDATION'S PRIMARY OBJECTIVE IS TO RECEIVE, INVEST, ACCOUNT FOR, AND ALLOCATE PRIVATE GIFTS AND CONTRIBUTIONS IN SUPPORT OF THE COLLEGE IN THE AREAS OF SCHOLARSHIP, FACULTY EXCELLENCE, TECHNOLOGY, AND THE DEVELOPMENT OF CAMPUS FACILITIES. 18 17 0 20 0 0 2619692 1304120 6462153 6177551 481254 95900 1963748 1445525 11526847 9023096 1759846 1355335 0 0 0 0 0 0 0 6832809 6901487 8592655 8256822 2934192 766274 177329540 163699622 152848283 138552912 24481257 25146710 X THE MISSION OF THE GEORGIA GWINNETT COLLEGE FOUNDATION IS TO SERVE AS AN ADVOCATE FOR GEORGIA GWINNETT COLLEGE, A UNIT OF THE UNIVERSITY SYSTEM OF GEORGIA. THE FOUNDATION'S PRIMARY OBJECTIVE IS TO RECEIVE, INVEST, ACCOUNT FOR, AND ALLOCATE PRIVATE GIFTS AND CONTRIBUTIONS IN SUPPORT OF THE COLLEGE IN THE AREAS OF SCHOLARSHIP, FACULTY EXCELLENCE, TECHNOLOGY, AND DEVELOPMENT OF CAMPUS FACILITIES. 0 0 8196018 1355335 6917844 THE FOUNDATION'S EXEMPT SERVICES ARE TWOFOLD:(I) TO HOLD CAMPUS BUILDINGS UNDER LEASES WITH THE UNIVERSITY OF GEORGIA BOARD OF REGENTS FOR USE BY FACULTY AND STUDENTS OF GEORGIA GWINNETT COLLEGE AND TO DEVELOP ADDITIONAL CAMPUS FACILITIES AS NEEDED; AND(II) TO GENERATE AND PROVIDE ADDITIONAL FUNDS FOR THE SUPPORT OF THE STUDENTS, PROGRAMS AND SERVICES OF GEORGIA GWINNETT COLLEGE, SPECIFICALLY FOR THE COLLEGE'S CORE NEEDS INCLUDING GRANTS FOR STUDENT AND FACULTY SUPPORT, RESEARCH AND DEVELOPMENT, AND SCHOLARSHIPS, IN ORDER TO HELP THE COLLEGE ACHIEVE ITS STATED GOALS AND OBJECTIVES. 8196018 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 3 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 17 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 GA X RONALD PATRICK EXECUTIVE DIRECTOR 6784075438 1000 UNIVERSITY CENTER LANE BLDG B LAWRENCEVILLE GA 30043 K CARLTON BUCHANAN JR MD TRUSTEE, CHAIR 1.00 X X 0 0 0 JANN L JOSEPH PHD EX-OFFICIO TRUSTEE, VICE-CHAIR 1.00 X X 0 0 0 JENNIFER HENDRICKSON EX-OFFICIO TRUSTEE, PRESIDENT 6.00 X X 18450 0 5989 MARSHA ANDERSON BOMAR TRUSTEE, SECRETARY 1.00 X X 0 0 0 C NORWOOD DAVIS TRUSTEE, TREASURER (RETD 03/23) 1.00 X X 0 0 0 R LEE TUCKER JR TRUSTEE, TREASURER (AS OF 03/23) 1.00 X 0 0 0 THOMAS J ANDERSEN TRUSTEE 1.00 X 0 0 0 JAY DENNARD JR TRUSTEE 1.00 X 0 0 0 RONALD H GARRARD TRUSTEE 1.00 X 0 0 0 ANTHONY FERRARI TRUSTEE (STARTED 04/23) 1.00 X 0 0 0 BRANDON HARTLEY TRUSTEE 1.00 X 0 0 0 GREGORY W HAYES TRUSTEE (NON-VOTING) 1.00 X 0 0 0 TRENT LIND TRUSTEE (RETIRED 03/23) 1.00 X 0 0 0 WAYNE H MASON TRUSTEE 1.00 X 0 0 0 BARTOW MORGAN JR TRUSTEE 1.00 X 0 0 0 JOSE R PEREZ TRUSTEE 1.00 X 0 0 0 NORBERTO SANCHEZ TRUSTEE 1.00 X 0 0 0 GREG SCHUMATE TRUSTEE (RETIRED 09/22) 1.00 X 0 0 0 DAVID E SNELL TRUSTEE 1.00 X 0 0 0 JOHN D STEPHENS TRUSTEE 1.00 X 0 0 0 DEON TUCKER TRUSTEE 1.00 X 0 0 0 GLENN WHITE TRUSTEE (RETIRED 09/22) 1.00 X 0 0 0 TOM WILLARD EX-OFFICIO TRUSTEE 1.00 X 0 0 0 18450 0 5989 0 0 0 1 0 1304120 28375 1304120 COLLEGE FACILITIES LEASE INCOME 531120 6108887 6108887 MISC/OTHER PROGRAM SERVICE REVENU 531120 68664 68664 6177551 442837 442837 1445525 0 1445525 1445525 1445525 1597716 1239421 705232 358295 -705232 -346937 -705232 358295 9023096 6917844 0 801132 1355335 1355335 59165 59165 5134097 5134097 REPAIRS & MAINTENANCE 1699909 1699909 OTHER OCCUPANCY EXPENSE 8316 6677 1639 8256822 8196018 60804 0 1119089 1704213 8267980 9117247 1002995 1030359 7711 7711 6633 19977 8262388 8262388 8262388 14206010 13980127 144447705 129569029 9029 8571 177329540 163699622 63712 700765 435495 0 149252922 134813326 72989 135701 3023165 2903120 152848283 138552912 X 19091090 19491624 5390167 5655086 24481257 25146710 177329540 163699622 X 766274 -100821 X X 0 1 X 1 0 X 1715432 1070086 1546608 2619692 1304120 8255938 1715432 1070086 1546608 2619692 1304120 8255938 1350485 6905453 417382 252962 207203 256433 442837 1576817 9832755 6820419 0.70230 0.65270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5859758 486808 515793 167652 6694707 6408313 416147 -847753 116949 5859758 4900046 146988 1438303 77024 6408313 3176199 1651278 111315 38746 4900046 1774151 1045022 24874 27849 2816198 0.53470 0.46530 0.00000 1 0 8262388 8262388 8262388 DIRECT FINANCING LEASE RECEIVABLE - STUDENT RECREATION CENTER 13215090 F DIRECT FINANCING LEASE RECEIVABLE - PARKING DECK 7562764 F DIRECT FINANCING LEASE RECEIVABLE - STUDENT HOUSING 80936933 F DIRECT FINANCING LEASE RECEIVABLE - STUDENT CENTER 27854242 F 129569029 INTEREST EXPENSE PAYABLE 2903120 2903120 X 9122574 200299 -100821 99478 9023096 0 9023096 8457121 200299 200299 8256822 0 8256822 PART V, LINE 4: SCHOLARSHIPS PART X, LINE 2: GAAP PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED, AND DISCLOSED IN THE FOUNDATION'S FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED THE IMPLICATIONS OF THESE STANDARDS AND HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS FOR THE FOUNDATION; THEREFORE, NO TAX EXPENSE OR ACCRUALS ARE INCLUDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNCOLLECTABLE PLEDGES -100,821. FORM 990, SCHEDULE D, PART XI, LINE 2D & PART XII, LINE 2A: INCLUDED IN DONATED SERVICES: GEORGIA GWINNETT COLLEGE FOUNDATION DOES NOT HAVE ANY EMPLOYEES. THERE ARE EMPLOYEES OF GEORGIA GWINNETT COLLEGE, AN UNRELATED ORGANIZATION, WHOSE SERVICES WERE DONATED TO THE FOUNDATION. ALL WERE INVOLVED PRIMARILY IN MANAGEMENT AND DONOR DEVELOPMENT FOR THE FOUNDATION. ALL COMPENSATION DECISIONS ARE HANDLED BY GEORGIA GWINNETT COLLEGE UNDER THE COLLEGE'S COMPENSATION POLICIES AND PROCEDURES. THE FOUNDATION INCLUDES A CONTRIBUTION FROM THE COLLEGE OF "DONATED SERVICES" ON SCHEDULE D AND A CORRESPONDING EXPENSE RELATED TO THESE "DONATED SERVICES" ALSO ON SCHEDULE D. 1 GEORGIA GWINNETT COLLEGE 1000 UNIVERSITY CENTER LANE LAWRENCEVILLE GA 30043 270124698 501(C)(3) 536162 28375 FMV VARIOUS SUPPLIES AND GOODS FOR USE BY THE COLLEGE GENERAL PROGRAM & ADMINISTRATION SUPPORT OF THE COLLEGE GEORGIA GWINNETT COLLEGE 1000 UNIVERSITY CENTER LANE LAWRENCEVILLE GA 30043 270124698 501(C)(3) 130567 0 GENERAL ACADEMIC, CLASSROOM AND/OR OPERATIONS SUPPLIES IN SUPPORT OF THE COLLEGE GEORGIA GWINNETT COLLEGE 1000 UNIVERSITY CENTER LANE LAWRENCEVILLE GA 30043 270124698 501(C)(3) 464426 0 NEED & MERIT BASED SCHOLARSHIPS APPROVED BY THE COLLEGE & FUNDED BY THE FOUNDATION GEORGIA GWINNETT COLLEGE 1000 UNIVERSITY CENTER LANE LAWRENCEVILLE GA 30043 270124698 501(C)(3) 191814 0 GENERAL OPERATING EXPENSES 1 0 PART I, LINE 2: ALL GRANT AND SCHOLARSHIP PAYMENTS ARE MADE TO GEORGIA GWINNETT COLLEGE LOCATED IN GWINNETT COUNTY, GEORGIA. GRANTS FOR EVENTS, OPERATIONS, AND CLASSROOM AND GENERAL MATERIAL NEEDS ARE IDENTIFIED BY THE COLLEGE, AND A REQUEST IS MADE OF THE FOUNDATION FOR FUNDS. GRANTS OF NON-CASH ITEMS RECEIVED BY THE FOUNDATION ARE TRANSFERRED TO THE COLLEGE AFTER RECEIPT. SCHOLARSHIPS ARE APPROVED THROUGH GEORGIA GWINNETT COLLEGE'S (I) FINANCIAL AID OFFICE FOR NEED BASED APPLICATIONS, (II) SCHOLARSHIP COMMITTEE, MADE UP OF FACULTY AND STAFF FROM THE COLLEGE, FOR MERIT BASED APPLICATIONS, OR (III) BOTH FOR APPLICATIONS THAT QUALIFY AS BEING FOR BOTH FOR NEED AND MERIT. X 1 1 0 0 0 0 0 0 0 0 0 PART I, LINE 1A THE FOUNDATION REIMBURSED THE SOCIAL CLUB DUES FOR THE FOUNDATION'S VICE CHAIR AND PRESIDENT FOR THE USE OF A LOCAL GWINNETT COUNTY DINING CLUB FOR THE ENTERTAINING IN THEIR CAPACITITES WITH THE FOUNDATION. JANN JOSEPH, DIRECTOR, VICE CHAIR, EX-OFFICIO, IN THE AMOUNT OF $1,411.66 FOR THE YEAR; NO PERSONAL USE WAS REPORTED JENNIFER HENDRICKSON, PRESIDENT, EX-OFFICIO, IN THE AMOUNT OF $1,411.66 FOR THE YEAR; NO PERSONAL USE WAS REPORTED. PART I, LINE 1B THE FOUNDATION FOLLOWS AN ACCOUNTABLE PLAN FOR EXPENSE REIMBURSEMENTS. FORM 990, PART VII, SECTION A: UNRELATED ORGANIZATION COMPENSATION: JENNIFER HENDRICKSON, PRESIDENT, EX-OFFICIO, FOR SERVICES RENDERED TO THE FOUNDATION: 15% OF W-2 COMPENSATION, $18,450 15% OF NON-TAXABLE BENEFITS, $5,989 GEORGIA GWINNETT COLLEGE FOUNDATION HAS NO EMPLOYEES; THEREFORE, NO COMPENSATION WAS REPORTED IN PART II. ALL COMPENSATION REPORTED ON THE FORM 990 IN PART VII, SECTION A FOR SERVICES RENDERED TO GEORGIA GWINNETT COLLEGE FOUNDATION IS FROM GEORGIA GWINNETT COLLEGE, AN ORGANIZATION UNRELATED TO THE FOUNDATION UNDER AGREEMENT WITH THE UNIVERSITY SYSTEM OF GEORGIA. A JOINT DEVELOPMENT AUTHORITY DEKALB COUNTY NEWTON COUNTY GWINNETT COUNTY 208998987 24487RDJ8 2018-05-01 23895822 ACQUISITION, CONSTRUCTION, EQUIPAGE OF CLASSROOM & PARKING FACILITIES 1 0 0 B DEVELOPMENT AUTHORITY OF GWINNETT COUNTY GA 521293808 403720FG5 2017-05-01 104121810 ACQUISITION, CONSTRUCTION, EQUIPAGE OF STUDENT HOUSING & PARKING FACILITIES 1 0 0 C DEVELOPMENT AUTHORITY OF GWINNETT COUNTY GA 521293808 403720GE9 2017-05-01 32416992 ACQUISITION, CONSTRUCTION, EQUIPAGE OF STUDENT CENTER & PARKING FACILITIES 1 0 0 D JOINT DEVELOPMENT AUTHORITY DEKALB COUNTY NEWTON COUNTY GWINNETT COUNTY 208998987 24487RBQ4 2012-06-01 15330592 ACQUISITION, CONSTRUCTION, EQUIPAGE OF VARSITY ATHLETIC COMPLEX 1 0 0 A 16715822 275135 23895822 33116 411690 2426600 21024415 2008 1 0 1 1 B 24691810 6023000 104121810 706914 764649 102650246 2011 1 0 1 1 C 7056992 1835872 32416992 341090 32075902 2011 1 0 1 1 D 1610592 983240 15330592 472616 832575 339821 185588 13500000 2013 0 0 1 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 0 B 0 C 0 D 0 X GENERAL PROGRAM & ADMINISTRATION SUPPORT OF THE COLLEGE 6 28375 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THE BOARD OF TRUSTEES IS COMPOSED OF BUSINESS, GOVERNMENT, AND COMMUNITY LEADERS IN THE LOCAL AREA. DUE TO THE EXTENSIVE INVOLVEMENT OF THESE COMMUNITY LEADERS IN BUSINESS AND OTHER COMMUNTY AFFAIRS, THE TRUSTEES MAY HAVE NORMAL BUSINESS RELATIONSHIPS THAT MIGHT BE EXPECTED OF LEADERS IN A SUBURBAN COMMUNITY. HOWEVER, THESE BUSINESS RELATIONSHIPS SHALL BE CONDUCTED AT ARMS' LENGTH, PURSUANT TO NORMAL BUSINESS TERMS AND THE GGCF'S CODE OF CONDUCT/CONFLICT OF INTEREST POLICY. FORM 990, PART IV, LINE 28A-28C: THE BOARD OF TRUSTEES IS COMPOSED OF BUSINESS, GOVERNMENT, AND COMMUNITY LEADERS IN THE LOCAL AREA. THOUGH NO LEASES, CONTRACTS, LOANS, OR OTHER AGREEMENTS EXIST AT PRESENT BETWEEN GGCF AND A MEMBER OF THE BOARD OF TRUSTEES, IT IS POSSIBLE THAT SUCH AGREEMENTS MAY BE ENTERED INTO AT A LATER DATE. THIS CAN ONLY BE EXPECTED WHERE MANY OF THE LEADERS IN A COMMUNITY SERVE TOGETHER ON A BOARD OF TRUSTEES. HOWEVER, THESE BUSINESS RELATIONSHIPS SHALL BE CONDUCTED AT ARMS' LENGTH, PURSUANT TO NORMAL BUSINESS TERMS AND THE GGCF'S CODE OF CONDUCT/CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE FOUNDATION'S FINANCE COMMITTEE PRIOR TO BEING FILED. THE REVIEW OF THE 990 IS DOCUMENTED IN THE RESPECTIVE FINANCE COMMITTEE'S MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 12C A COPY OF THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED ANNUALLY TO ALL TRUSTEES AND OFFICERS, AND EACH COVERED PERSON MUST SUBMIT A DISCLOSURE OF ANY CONFLICTS THAT EXIST TO THE FOUNDATION. IN ADDITION, ANY SITUATIONS THAT ARISE THOUGHOUT THE YEAR MUST BE BROUGHT TO THE ATTENTION OF THE FOUNDATION IMMEDIATELY. FORM 990, PART VI, SECTION B, LINE 15 BOARD MEMBERS ARE NOT COMPENSATED BY THE FOUNDATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND INTERNAL POLICIES ARE GIVEN TO TRUSTEES WHEN THEY ACCEPT THE DUTY TO SERVE ON THE BOARD OF THE FOUNDATION AND ARE AVAILABLE WITHIN THE FOUNDATION'S OFFICE TO THOSE WHO FALL UNDER THEIR COVENANTS, BUT AS PROPRIETARY INFORMATION OF THE FOUNDATION, THEY AND THE FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART XI, LINE 9: UNCOLLECTABLE PLEDGES -100,821. FORM 990, PART , LINE 2C: THE PROCESS BY WHICH THE FOUNDATION'S BOARD CHOOSES AN AUDITOR AND REVIEWS ITS FINANCIAL STATEMENTS HAS NOT CHANGED FROM THE PRIOR YEAR. GGC REAL ESTATE PARKING I LLC 1000 UNIVERSITY CENTER LANE LAWRENCEVILLE GA 30043 205107997 OWNERSHIP OF LAND & BUILDING FOR TEACHING, RECREATION, & PARKING FACILITIES GA 41722 8817416 GGC FOUNDATION LLC (STUDENT HOUSING) 1000 UNIVERSITY CENTER LANE LAWRENCEVILLE GA 30043 262895494 OWNERSHIP OF LAND & BUILDING FOR HOUSING & PARKING FACILITIES GA 4697646 98660553 GGC STUDENT HOUSING LAND LLC 1000 UNIVERSITY CENTER LANE LAWRENCEVILLE GA 30043 263746225 FOR LAND PURCHASES FOR FUTURE COLLEGE FACILITIES GA 0 0 GGC STUDENT CENTER LLC 1000 UNIVERSITY CENTER LANE LAWRENCEVILLE GA 30043 205107997 OWNERSHIP OF LAND & BUILDING FOR DINING, BOOKSTORE & MEETING FACILITIES GA 1101205 31245268 215 COLLINS INDUSTRIAL WAY LLC 1000 UNIVERSITY CENTER LANE LAWRENCEVILLE GA 30043 274399498 OWNERSHIP OF LAND & BUILDING FOR FACULTY OFFICE FACILITIES GA 0 0 GGCF ATHLETIC FIELDS LLC 1000 UNIVERSITY CENTER LANE LAWRENCEVILLE GA 30043 455198777 OWNERSHIP OF LAND & BUILDING FOR VARSITY ATHLETIC & TENNIS FACILITIES GA 1201410 15302563