2024-11-13T12:07:03-06:00 2023-12-31 580692043 Mauldin & Jenkins LLC 200 Galleria Pkwy SE Ste 1700 Atlanta GA 303395946 990 2023-01-01 586072323 College Of Coastal Georgia Foundation Inc COLL 9122795744 One College Drive Brunswick GA 31520 Hilliary Stringfellow Chairman 9122795744 2024-11-11 1 1 Mary Jo Alexander P00002534 7709558600 2024-11-11 2023 2024-10-15 13:58:12Z Hilliary Stringfellow One College Drive Brunswick GA 31520 3664901 0 X www.ccga.edu/Advancement/Foundation/ X 1961 GA The College of Coastal Georgia Foundation develops resources to support the College in providing quality education. The Foundation also serves as an advocate within the Coastal Georgia community to further the goals of the College. 41 41 0 44 0 0 3397601 2621611 40000 40000 145288 573396 2342 6385 3585231 3241392 1623094 1707182 0 0 0 0 0 0 10566 82094 167257 1705188 1874439 1880043 1366953 22423240 25634093 329933 358964 22093307 25275129 X To develop resources to support the College in providing quality education. The Foundation also serves as an advocate within the Coastal Georgia community to further the goals of the College. 0 0 673835 673835 Academic Programming: Quality faculty are the cornerstone of higher education. The College's ability to recruit and retain outstanding academic talent ensures its status in and contributions to higher education. With shrinking public funds and increasing performance demands, the Foundation secures funding to support faculty learning, research, scholarship and innovation. Currently there are forty-five diverse funds maintained for these purposes. These funds support all educational programs at the College and most notably in 2023, Nursing Curriculum, Nursing Clinical Assistants, The Lucas Center for Entrpreneurshp, and Cyber-Security. The Foundation seeks to establish new sources of faculty support annually and works to commit support to reach a range of 10% to 20% of the annual budget of the Foundation. 560612 560612 Academic Scholarship: Merit scholarships and targeted academic incentives are important tools in recruitment and retention of top notch students. The Foundation is committeed to continuing awards of full or partial scholarships at meaningful funding levels to five percent of more of total enrollment. To attract and retain outstanding students, the Foundation will continue to consider innovative scholarship and support programs such as the W. Kantor International Scholars, the Brenda and Mac Nease Foundation scholarships, and the Hites / Dinos Scholarships. The majority of the Foundation's sixty-four endowment funds support scholarships. In the 2022-2023 Academic year the Foundation made 980 scholarship awards to approximately 771 students. 318133 318133 Campus Programming/Student Life including Athletics and General Operations: The college experience is heightened through quality extra-and co-curricular activities. The Foundation sustains arts and cultural experiences, lecture series, social gatherings, and career development opportunities that serve to expand the horizons of students, faculty and staff, and to provide enrichment for the community at large. Campus Programming / Student Life funds include: The Coastal Georgia Minority Outreach Program, Let's Talk Coastal, the Theatre fund, Veteran Funds, a Campus Pantry and a Student Publication fund (Seaswell's). Athletic funds include support for the Athletic Department, Athletic scholarships and support for the eight inter-scholastic college sports teams. While cultivating significant named giving, the Foundation's goal is at least 20% of the annual budget for campus programming/student life and athletic programming. The Foundation also supports general operations expenses which should be under 10% of the annual budget. 154602 154602 40000 Other Program Services: Housing/Capital Expansion: Student housing and additional instructional facilities remain critical for the College's expansion and growth. The Foundation looks to support new and improved facilities and the future phases of student housing. Currently the Foundation owns and operates Coastal Place Apartments, which is a 132 student off-campus housing unit in conjuction with the College's residential housing program. The Foundation also recently aquired a kitchen lab in downtown Brunswick to expand instruction for the College's Culinary Arts program and provide more cooperative education experiences for it's students. There are various naming opportunities through capital donations for new and existing campus buildings and infrastructure (e.g., walkways, water features, laboratories, student meeting areas) that can be targeted for future solicitations. 154602 154602 40000 1707182 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 41 41 0 1 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 0 0 0 GA X X Glenn Hansen Treasurer 9122795744 One College Drive Brunswick GA 31520 X Hillary Stringfellow Chair 2.00 X X 0 0 0 Daren Pietsch Vice Chair 2.00 X X 0 0 0 Glenn Hansen Treasurer 2.00 X X 0 0 0 Susan Imhoff Secretary 2.00 X X 0 0 0 William Stembler Past Chair 2.00 X 0 0 0 Cedric King At-Large 2.00 X 0 0 0 Diana Murphy At-Large 2.00 X 0 0 0 Abra Lattany-Reed Active Trustee 1.00 X 0 0 0 Deborah Luginbuhl At-Large 2.00 X 0 0 0 Burch Barger Active Trustee 1.00 X 0 0 0 Shawn Boatright Active Trustee 1.00 X 0 0 0 Brenda Boone-Cove Active Trustee 1.00 X 0 0 0 Dialo Cartwright Active Trustee 1.00 X 0 0 0 Kavanaugh Chandler Active Trustee 1.00 X 0 0 0 John Crews Active Trustee 1.00 X 0 0 0 Heard Galis Active Trustee 2.00 X 0 0 0 Bill Gussman Active Trustee 1.00 X 0 0 0 Anthony Guthrie Active Trustee 2.00 X 0 0 0 Tres Hamilton Active Trustee 2.00 X 0 0 0 Kay Hampton Active Trustee 1.00 X 0 0 0 Duane Harris Active Trustee 1.00 X 0 0 0 Angela Heys Active Trustee 1.00 X 0 0 0 James Holler Active Trustee 1.00 X 0 0 0 Stephen Kinney Active Trustee 1.00 X 0 0 0 Janice Lamattina Active Trustee 1.00 X 0 0 0 Ben Lee Active Trustee 1.00 X 0 0 0 Scott McQuade Active Trustee 1.00 X 0 0 0 Steve Melnyk Active Trustee 2.00 X 0 0 0 Don Myers Active Trustee 2.00 X 0 0 0 Brenda Nease Active Trustee 1.00 X 0 0 0 Missy Neu Active Trustee 1.00 X 0 0 0 Patrick Parker Active Trustee 1.00 X 0 0 0 John Rogers Active Trustee 2.00 X 0 0 0 Mike Scherneck Active Trustee 1.00 X 0 0 0 Scott Steilen Active Trustee 1.00 X 0 0 0 Catina Tindall Active Trustee 1.00 X 0 0 0 Lance Toland Active Trustee 1.00 X 0 0 0 Curtia Tumlin Active Trustee 1.00 X 0 0 0 Tommy Walden Active Trustee 1.00 X 0 0 0 Shirley Wilson Active Trustee 1.00 X 0 0 0 David Zimmerman Active Trustee 2.00 X 0 0 0 0 0 0 0 0 0 0 0 23450 2598161 194445 2621611 Rental to College for 531390 40000 40000 40000 507468 507468 467772 401844 65928 65928 65928 28050 23450 21665 6385 6385 3241392 40000 0 579781 1146570 1146570 560612 560612 55765 55765 41790 41790 69619 59053 10566 83 83 1874439 1707182 156691 10566 1045358 874282 2450998 2727611 678 677 2427086 412108 1330405 2014978 17339516 19760260 256285 256285 22423240 25634093 327470 357887 2463 1077 329933 358964 X 3861233 4575872 18232074 20699257 22093307 25275129 22423240 25634093 1366953 1814869 0 X X 0 1 X 1 0 X 930692 623386 2810218 3397601 2621611 10383508 26135 25811 25802 31882 42308 151938 956827 649197 2836020 3429483 2663919 10535446 2318324 8217122 449794 404137 372192 385434 507468 2119025 21905 2342 24247 12678718 200000 0.64810 0.65360 X Schedule A, Part II, Line 10, Explanation of Other Income: Insurance Proceeds - 2019 Amount: $ 21,905. 2023 Amount: $ 0. Refunds - 2022 Amount: $ 2,342. 2023 Amount: $ 0. Part I Line 5 The Foundation was designated by the IRS as a 509(a)(2) organization that normally receives no more than one-third of its support from gross investment income and unrelated business income and at the same time more than one-third of its support from contributions, fees, and gross receipts related to exempt purposes. The Foundation also qualifies as an organization which operates for benefit of college or university and is owned or operated by a governmental unit 170(b)(1)(A)(iv). The Foundation's sole purpose is to serve the needs of the College of Coastal Georgia. The College is part of the University System of the state of Georgia. As such, the Foundation qualifies under Section 170(b)(1)(A)(iv). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 256285 X X 0 9493884 1228416 1392126 383743 11730683 11076753 236546 -1452965 366450 9493884 10527529 326096 594767 371639 11076753 9656547 28394 1175497 332909 10527529 8521100 159670 1311861 336084 9656547 0.00000 0.76500 0.23500 0 0 468348 468348 1654048 334885 1319163 86907 60639 26268 217783 16584 201199 2014978 Gift Annuity Payable 1077 1077 X 5064469 1814869 42308 1857177 3207292 55765 -21665 34100 3241392 1882647 42308 21665 63973 1818674 55765 55765 1874439 Part III, Line 4: Local artists graciously contributed their time and talents to establish an exhibit of paintings in honor of 2009 Inauguration events entitled: Coastal Visions. These works, reflecting the coastal region as well as the vision of the College of Coastal Georgia, are on display to the public in the Huie-Wilcox Gallery (dedicated November 2011) in the Hargett Administration Building lobby. Coastal Visions began the College's permanent collection and in 2017 the Hurst Collection was added containing sculpture and mixed media. Renovations are underway in the on campus Conference Center for the completion of Hurst Gallery. Not only does the art collection augment the College of Coastal Georgia facilities, it broadens the cultural education of our students, alumni and community citizens. Part V, Line 4: The endowment funds were established for future scholarships and support of faculty positions. Part X, Line 2: The Foundation accounts for uncertain tax positions in accordance with accounting standards that provide guidance on when uncertain tax positions are recognized in an entity's consolidated financial statements and how the values of these positions are determined. No liability has been recorded as of December 31, 2023 and 2022 due to uncertain tax positions. Part XI, Line 4b - Other Adjustments: Fundraising Event Expense -21,665. Part XII, Line 2d - Other Adjustments: Fundraising Event Expense 21,665. Golf Tournament 51500 23450 28050 1300 14300 6065 51500 23450 28050 1300 14300 6065 21665 6385 1 The College of Coastal Georgia One College Drive Brunswick GA 31520 580939565 501(c)(3) 673835 0 Academic Programming The College of Coastal Georgia One College Drive Brunswick GA 31520 580939565 501(c)(3) 265113 0 Athletic Programming/ Facilities The College of Coastal Georgia One College Drive Brunswick GA 31520 580939565 501(c)(3) 108646 0 College Operations The College of Coastal Georgia One College Drive Brunswick GA 31520 580939565 501(c)(3) 45956 0 Housing / Capital Expansion The College of Coastal Georgia One College Drive Brunswick GA 31520 580939565 501(c)(3) 53020 0 Campus Programming / Student Life 1 0 Student Scholarships 771 560612 Part I, Line 2: All Grants are made to or through the College of Coastal GA, utilizing procurement and financial aid infastruture to insure appropriate spending policies are followed. Reports of expenditures are made quarterly to the Foundation and the Board of Trustees reviews the reports before making reimbursement (grant) payments. X 1 25195 FMV X Equipment & Supplies 10 169250 FMV 0 0 1 0 Part I, Column (b): Number of contributions. Form 990, Part VI, Section A, line 3 The College's Vice-President of Business Affairs, Michelle Ham, and her staff maintain the Organization's general ledger on a periodic basis. However, the Finance Committee and the Board have oversight and monitor the transactions, sign checks, approve checks, and perform other significant duties. Form 990, Part VI, Section B, line 11b A complete 990 was distributed to all BOT members either in person at the Annual Summer BOT meeting or by email if absent from the meeting. Form 990, Part VI, Section B, line 12c A disclosure notice must be completed annually. It is distributed at the Annual Summer BOT meeting or emailed if Trustee is absent from meeting. Form 990, Part VI, Section C, line 19 At the College of Coastal Georgia Foundation Inc. reports are made available for public inspection on the College of Coastal Georgia website. Reports available include but are not limited to: Audited financial reports, annual reports, 990 tax returns, meeting minutes, and governing documents. All documents are available upon request. Form 990 Part XII Line 2c There have been no changes in the audit oversight process. The prior year's auditors continued as current year audit and tax preparers. Form 990 Part VI Line 2 With 44 board members it is feasible that members conduct business transactions with each other. However, all such transactions are at arms-length. Form 990 Part I Line 5 The organization does not have any employees. Accounting and advisory services are provided to the Foundation by employees of the College of Coastal Georgia, an unrelated party. These accounting and advisory services require specialized skills and meet the qualifications to be recognized, according to the Financial Accounting Standards Board's Codification Standards. Donated services, consisting of salaries and benefits, are estimated at $42,308 and $31,882 for the years ended December 31, 2023 and 2022, respectively, consisting of two individuals who are full-time employees of the College of Coastal Georgia while dedicating a small percentage of their time towards tasks for the Foundation. Coastal Georgia Real Estate Foundation LLC One College Drive Brunswick GA 31520 462934407 Real Estate Activities GA 40000 1625282 College of Coastal Ga Fdn Inc College of Coastal Georgia Foundation 1407 Union St LLC One College Drive Brunswick GA 31520 Real Estate Activities GA 608500 571700 College of Coastal Ga Fdn Inc