2024-10-22T16:08:52-05:00 2023-12-31 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2023-01-01 237271047 GORDON STATE COLLEGE FOUNDATION INC GORD 6783595124 419 COLLEGE DRIVE BARNESVILLE GA 30204 JENEEN ANDREWS TREASURER 6783595124 2024-10-21 1 1 MARY JO ALEXANDER P00002534 7709558600 2024-10-21 2023 2024-10-15 13:58:12Z DONALD J GREEN 419 COLLEGE DRIVE BARNESVILLE GA 30204 4636360 0 X GORDONSTATE.EDU/ALUMNI/FOUNDATION X 1972 GA TO SUPPORT THE COLLEGE IN ALL ENDEAVORS THAT ARE NOT SUPPORTED BUT SANCTIONED BY THE BOARD OF REGENTS TO INCLUDE BUT NOT LIMITED TO THE FOLLOWING:-SUPPORT THE COLLEGE WITH OUR VISIBLE ATTENDANCE ON CAMPUS AND IN OUR INDIVIDUAL COMMUNITIES;-SUPPORT THE COLLEGE BY CONTINUING TO GIVE TO AND RAISE FUNDS FOR THE FOUNDATION;-SUPPORT THE COLLEGE WITH PRUDENT MANAGEMENT OF THE FOUNDATIONS' ASSETS WHICH ALLOWS THE TRUSTEES TO:1) FUND SCHOLARSHIPS TO DESERVING STUDENTS;2) ACQUIRE PROPERTY FOR THE COLLEGE;3) CONSTRUCT BUILDINGS, IF FINANCIALLY REWARDING;4) CONTRIBUTE TO FACULTY DEVELOPMENT AND SUPPORT;5) FUND ANY NECESSARY OR DESERVING REQUEST OR ACTIVITY FOR THE BENEFIT OF THE COLLEGE IF APPROVED BY A MAJORITY OF THE TRUSTEES. 31 30 5 31 0 0 403415 1123505 587921 644930 379226 1025862 0 -17723 1370562 2776574 153435 779193 0 0 0 0 55362 0 10751 930049 834494 1138846 1613687 231716 1162887 27088474 29402823 10629443 10248993 16459031 19153830 X TO SUPPORT THE COLLEGE IN ALL ENDEAVORS THAT ARE NOT SUPPORTED BUT SANCTIONED BY THE BOARD OF REGENTS TO INCLUDE BUT NOT LIMITED TO THE FOLLOWING:-SUPPORT THE COLLEGE WITH OUR VISIBLE ATTENDANCE ON CAMPUS AND IN OUR INDIVIDUAL COMMUNITIES;-SUPPORT THE COLLEGE BY CONTINUING TO GIVE TO AND RAISE FUNDS FOR THE FOUNDATION;-SUPPORT THE COLLEGE WITH PRUDENT MANAGEMENT OF THE FOUNDATIONS' ASSETS WHICH ALLOWS THE TRUSTEES TO:1) FUND SCHOLARSHIPS TO DESERVING STUDENTS;2) ACQUIRE PROPERTY FOR THE COLLEGE;3) CONSTRUCT BUILDINGS, IF FINANCIALLY REWARDING;4) CONTRIBUTE TO FACULTY DEVELOPMENT AND SUPPORT;5) FUND ANY NECESSARY OR DESERVING REQUEST OR ACTIVITY FOR THE BENEFIT OF THE COLLEGE IF APPROVED BY A MAJORITY OF THE TRUSTEES. 0 0 779193 779193 SCHOLARSHIPS TO VARIOUS GORDON STATE COLLEGE STUDENTS. 512236 644930 FINANCE CONSTRUCTION OF STUDENT HOUSING AND RECREATION CENTER, RENTAL OF STUDENT HOUSING TO GORDON STATE COLLEGE 1291429 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 X 12 0 1 5 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 31 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X THE ORGANIZATION 6783595124 419 COLLEGE DRIVE BARNESVILLE GA 30204 MONTRESE ADGER FULLER EXECUTIVE DIRECTOR 16.00 X 76013 0 32241 MEAGAN PEARSON INTERIM EXECUTIVE DIRECTOR 16.00 X 63845 0 27466 ROBERT L HARRIS CHAIR 2.00 X X 0 0 0 B WAINE KONG VICE CHAIR 1.00 X X 0 0 0 RESHANN ADAMS TREASURER 2.00 X X 0 0 0 DONALD J GREEN SECRETARY 5.00 X X 0 0 0 KIRK A NOOKS SECRETARY 5.00 X X 0 0 0 DERRICK R LEWIS PAST CHAIR 2.00 X 0 0 0 KEVIN T NAPIER TRUSTEE, AT-LARGE 2.00 X 0 0 0 JOEL FULLER TRUSTEE 1.00 X 0 0 0 CARSON GLEATON TRUSTEE 1.00 X 0 0 0 JAMES L GRANUM TRUSTEE 1.00 X 0 0 0 KATHRYN GREEN TRUSTEE 1.00 X 0 0 0 GEORGE H HIGHTOWER JR TRUSTEE 1.00 X 0 0 0 W CHASE IDOL TRUSTEE 1.00 X 0 0 0 TAMARA ISON TRUSTEE 1.00 X 0 0 0 CURTIS JENKINS TRUSTEE 1.00 X 0 0 0 TERRY KILLINGSWORTH TRUSTEE 1.00 X 0 0 0 CECIL MCDANIEL TRUSTEE 1.00 X 0 0 0 DEE MCLEROY TRUSTEE 1.00 X 0 0 0 DONALD F NEUNER TRUSTEE 1.00 X 0 0 0 MARIE PRUETT TRUSTEE 1.00 X 0 0 0 JENNIFER ROGERS TRUSTEE 1.00 X 0 0 0 KIKE SEDA TRUSTEE 1.00 X 0 0 0 DAN FULLER TRUSTEE 1.00 X 0 0 0 BERT WALL TRUSTEE 1.00 X 0 0 0 JAMES J EDWARDS JR TRUSTEE 1.00 X 0 0 0 LUCINDA DALLAS TRUSTEE 1.00 X 0 0 0 JENEEN ANDREWS TRUSTEE 1.00 X 0 0 0 CATHERINE BAITY TRUSTEE 1.00 X 0 0 0 SCOTT BLACKSTOCK TRUSTEE 1.00 X 0 0 0 T AARON BUICE TRUSTEE 1.00 X 0 0 0 ANDY B BUSH TRUSTEE 1.00 X 0 0 0 KENNETH E COGGINS TRUSTEE 1.00 X 0 0 0 ALAN CONNELL TRUSTEE 1.00 X 0 0 0 C WAYNE DODGEN TRUSTEE 1.00 X 0 0 0 DANIEL C WHITE TRUSTEE 1.00 X 0 0 0 139858 0 59707 0 0 0 1 0 29562 1093943 11725 1123505 INCOME FROM DIRECT FINANCING LEAS 900099 487684 487684 RENTAL INCOME 531110 88099 88099 OTHER PROGRAM REVENUE 900099 69147 69147 644930 442549 442549 2406582 1823269 583313 583313 583313 18794 29562 36517 -17723 -17723 2776574 644930 0 1008139 779193 779193 2150 2150 28100 28100 80685 80685 75031 9066 65965 2218 2218 33855 310 33545 31220 31220 11779 11779 22511 11760 10751 502800 502800 170 170 DUES & SUBSCRIPTIONS 10655 60 10595 AWARDS & RECOGNITION 8967 8967 MEMORIALS & TRIBUTES 1982 1982 TAXES AND LICENSES 700 700 21671 21671 1613687 1291429 311507 10751 214893 404600 1564848 1690216 148744 356933 11398723 11046482 20882 20882 0 0 13761266 15904592 27088474 29402823 320201 244250 10309242 10004743 10629443 10248993 X 11106506 12493166 5352525 6660664 16459031 19153830 27088474 29402823 1162887 1531912 0 X X 0 1 X 1 0 X 287798 647631 337005 403415 1123505 2799354 254413 254652 194535 204896 228791 1137287 542211 902283 531540 608311 1352296 3936641 392212 3544429 319236 471501 338582 301318 442549 1873186 5809827 3065378 0.61010 0.59430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13327652 856708 2281308 995181 15470487 16430758 154354 -2864403 393057 13327652 14435955 166269 2423995 595461 16430758 13036407 486796 1422228 509476 14435955 10623715 259832 2673535 520675 13036407 0.56950 0.30430 0.12620 0 0 20882 20882 0 0 X PART X, LINE 2: THE FOUNDATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C)(3) AND HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS A PUBLICLY SUPPORTED ORGANIZATION AND NOT AS A PRIVATE FOUNDATION. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. GSC PROPERTIES FOUNDATION III, LLC IS TREATED AS A SINGLE MEMBER LLC FOR FEDERAL AND STATE INCOME TAX PURPOSES. SINCE THE FOUNDATION IS THE SOLE MEMBER, ALL INCOME, LOSSES, AND CREDITS ARE REPORTED ON THE FOUNDATION'S INCOME TAX RETURNS. THE FOUNDATION FOLLOWS THE STATUTORY REQUIREMENTS FOR ITS INCOME TAX ACCOUNTING AND GENERALLY AVOIDS RISKS ASSOCIATED WITH POTENTIALLY PROBLEMATIC TAX POSITIONS THAT MAY BE CHALLENGED UPON EXAMINATION. MANAGEMENT BELIEVES ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING ADDITIONAL INCOME TAXES FROM ACTIVITIES DEEMED TO BE UNRELATED TO THE FOUNDATION'S TAX-EXEMPT STATUS WOULD NOT HAVE A MATERIAL EFFECT ON THE FOUNDATION'S CONSOLIDATED FINANCIAL STATEMENTS. THE FOUNDATION FILES THE FORM 990 IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF GEORGIA. HEART FOR GORDON DINNER GALA 48356 29562 18794 13361 1200 21956 48356 29562 18794 13361 1200 21956 36517 -17723 1 SCHOLARSHIPS 563 779193 PART I, LINE 2: GORDON STATE COLLEGE CREDITS EACH SCHOLARSHIP RECIPIENT'S BANNER ACCOUNT AND THEN BILLS THE FOUNDATION FOR THE SCHOLARSHIP. 0 0 0 0 0 0 0 0 0 SCHEDULE J, PART II MONTRESE ADGER FULLER'S COMPENSATION OF $108,254 WAS PAID BY GORDON STATE COLLEGE. SHE PERFORMED SERVICE FOR BOTH GORDON STATE COLLEGE AND GORDON STATE COLLEGE FOUNDATION. INTERIM EXECUTIVE DIRECTOR, MEGAN PEARSON'S COMPENSATION OF $91,311 IS PAID BY GORDON STATE COLLEGE. SHE PERFORMS SERVICE FOR BOTH GORDON STATE COLLEGE AND GORDON STATE COLLEGE FOUNDATION. A BARNESVILLE-LAMAR CO IND 581587819 068049AV7 2013-12-19 12830000 TO FINANCE THE COST OF CONSTRUCTION OF STUDENT ACTIVITY AND RECREATION CENTE 0 0 0 A 2515000 12830000 343835 12486165 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 0 A 0 UNITED BANK ONE BOARD DIRECTOR HAS MAJORITY OWNERSHIP INTEREST IN ORGANIZATION 80685 INVESTMENT FEES 0 FORM 990, PART I LINE 5 AND PART V LINE 2A THE ORGANIZATION DOES NOT HAVE ANY W-2 EMPLOYEES. EMPLOYEES ARE COMPENSATED BY REPORTING AGENT AND UNRELATED ORGANIZATION, GORDON STATE COLLEGE EIN 58-1132449. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS GIVEN TO EACH MEMBER OF THE FOUNDATION'S FINANCE COMMITTEE TO REVIEW AND APPROVE. ADDITIONAL COPIES ARE THEN SENT TO ALL MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR BEFORE THE OCTOBER MEETING, EACH TRUSTEE IS SENT A COPY OF THE CONFLICT OF INTEREST POLICY AND A STATEMENT TO SIGN WHICH STATES THAT THEY HAVE READ AND WILL ADHERE TO THE POLICY. TRUSTEES WHO HAVE BUSINESS WITH THE FOUNDATION DISCLOSE THAT BUSINESS ON THE FORM. TRUSTEES WHO DO NOT RETURN FORMS ARE PRESENTED WITH FORMS TO SIGN AT THE OCTOBER MEETING. STATEMENTS ARE KEPT ON FILE IN THE OFFICE. FORM 990, PART VI, SECTION B, LINE 15 NO COMPENSATION IS PAID BY THE FOUNDATION. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THERE HAVE BEEN NO CHANGES TO THE AUDITOR SELECTION. GORDON STATE COLLEGE PROP FND III 419 COLLEGE DRIVE BARNESVILLE GA 30204 464248854 SUPPORT GA 706475 12792349 GORDON STATE COLLEGE FOUNDATION