2024-10-09T08:27:56-05:00 2024-06-30 580692043 Mauldin & Jenkins LLC 200 Galleria Pkwy SE Ste 1700 Atlanta GA 303395946 990 2023-07-01 237066297 University of North Georgia Foundation Inc UNIV 7068673093 PO Box 1599 Dahlonega GA 30533 Amanda Harden COO 7068673093 2024-10-08 1 1 Mary Jo Alexander P00002534 7709558600 2024-10-08 2023 2024-10-15 13:58:12Z Jack Elrod PO Box 1599 Dahlonega GA 30533 40322868 0 X https://unggive.org/foundation X 1959 GA See Schedule O for complete description.The purposes of the Foundation are to promote and encourage charitable giving and philanthropy for the benefit of University of North Georgia;to supplement and expand the horizons of University of North Georgia in its regional, statewide and national missions as well as serve as an advocate for the University and its designation as the senior military college of the State of Georgia. The Foundation will receive, invest, account for, and allocate private gifts and contributions in order to contribute to a superior education for students, attending not only to their intellectual growth but also to their development as adults committed to high ethical standards and full participation as leaders in their military, public, private, and non-profit fields of endeavor. 27 26 15 27 -8803 0 5807417 7980630 0 0 1818627 2936362 -63243 46337 7562801 10963329 6642901 8831829 0 0 0 0 0 0 28278 1143459 1012731 7786360 9844560 -223559 1118769 108524336 121529067 311907 484151 108212429 121044916 Support University of North Georgia students, faculty, staff, and alumni and the related educational programs. 0 0 3712278 3707171 Student Services - funds for student financial aid and support of student life programs. 3317764 2844767 Academic and other program support - supplemental salary support, faculty development and equipment support. 2468152 2279891 Support for University of North Georgia. 9498194 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 X 43 0 1 15 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 27 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 GA X X Amanda L Harden COO 7068673093 PO Box 1599 Dahlonega GA 30533 Dr Mike P Shannon Trustee, President UNG 1.00 40.00 X 0 210255 46720 Mr Nicholas W Massengill Chairman 4.00 0.50 X X 0 0 0 Mr Jack Elrod Vice-Chairman 4.00 X X 0 0 0 Mr Christopher H Kitchens Treasurer, Committee Chairman 4.00 X X 0 0 0 Mr Glennis Barnes Secretary 4.00 X X 0 0 0 Ms Beth H Baldwin Committee Chairman 4.00 X 0 0 0 Ms Jenny Muller Committee Chairman 4.00 X 0 0 0 Mrs Mary Helen McGruder Committee Chairman 4.00 0.50 X 0 0 0 Mr James A Faulkner Immediate Past Chair 4.00 X 0 0 0 Mr Patrick Magill Trustee 1.00 X 0 0 0 Mr Josh Teteak Trustee 1.00 X 0 0 0 Mrs Jeannell F Goines Trustee 1.00 X 0 0 0 COL Ret E Wayne Dill Trustee 1.00 X 0 0 0 Mr Michael Higley Trustee 1.00 X 0 0 0 Mrs Jane Hemmer Trustee 1.00 X 0 0 0 Mr Oscar 'Bo' Fears Trustee 1.00 X 0 0 0 LTG Ret Benjamin Randy Mixon Trustee 1.00 X 0 0 0 Dr Larry Payne Trustee 1.00 X 0 0 0 Mrs Carol Burrell Trustee 1.00 X 0 0 0 Mrs Chris Crawford Trustee 1.00 X 0 0 0 Mr Giles Bowman Jr Trustee 1.00 X 0 0 0 Mr Philipp Biechteler Trustee 1.00 X 0 0 0 LTG Stephen Fogarty Trustee 1.00 X 0 0 0 Dr Katie Metrock Trustee 1.00 X 0 0 0 Mrs Vanessa Sarazua Trustee 1.00 X 0 0 0 Mr Dean 'Stewart' Swanson Trustee 1.00 X 0 0 0 Mr Marvin Vines Trustee 1.00 X 0 0 0 Conrad Easley Trustee 1.00 X 0 0 0 Mr Jeff Tarnowski CEO 8.00 32.00 X 0 179527 76618 Amanda L Harden CFO 8.00 32.00 X 0 124343 87579 0 514125 210917 0 0 1 0 0 102400 7878230 763963 7980630 1201592 -8803 1210395 6268 6268 31025673 29290903 1734770 1734770 1734770 52000 102400 68636 -16636 -16636 Misc Other Income 900099 56705 56705 56705 10963329 0 -8803 2991502 8831829 8831829 33851 33851 144628 144628 223814 215288 7761 765 320902 215363 79819 25720 214258 192306 20159 1793 6156 4038 2118 5905 630 5275 Dues & Subscriptions 38930 20451 18479 Equipment Rental 21673 15675 5998 UBI Taxes 2614 2614 9844560 9498194 318088 28278 2758633 637357 7594840 7253042 56155 92248 93859956 108901437 4219264 4609764 35488 35219 108524336 121529067 33530 38758 5000 0 273377 445393 311907 484151 X 11720258 14355969 96492171 106688947 108212429 121044916 108524336 121529067 1118769 11713718 0 X X 0 1 X 1 0 X X 1 University of North Georgia 586002060 6 1 7311761 1520068 1 7311761 1520068 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X X 1 1 Part IV, Section D, Line 3 The University of North Georgia Foundation, Inc. supports the mission of the University of North Georgia by promoting philanthropy from all constituents, managing and investing its assets responsibly, providing financial assistance for students, faculty and staff, and serving in an advisory role to the President of the University. The University of North Georgia has a significant role with the Foundation. The University President is a board member. Section A Line 2 The University of North Georgia Foundation is a supporting organization for the University of North Georgia ("UNG"). UNG is a public university, public-funded by the state of Georgia and under the supervision of the University System of Georgia. As such they are a division of government. Part IV, Section E, Line 2b: The University of North Georgia Foundation, Inc. manages and invests donations intended for use by the University of North Georgia. If the Foundation did not exist, the University would have to do the same. Part IV, Section E, Line 1c: The University of North Georgia Foundation, Inc. supports the mission of the University of North Georgia by promoting philanthropy from all constituents, managing and investing its assets responsibly, providing financial assistance for students, faculty and staff, and serving in an advisory role to the President of the University. The University of North Georgia is a unit of government under the state of Georgia. Part IV, Section E, Line 2a: The University of North Georgia Foundation, Inc. supports the mission of the University of North Georgia by promoting philanthropy from all constituents, managing and investing its assets responsibly, providing financial assistance for students, faculty and staff, and serving in an advisory role to the President of the University. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 72946922 1784084 10840014 3301745 82269275 72348855 1561303 2338887 3302123 72946922 83243687 2562493 -10403907 3053418 72348855 64943178 1774395 19255277 2729163 83243687 65338192 591872 1628314 2615200 64943178 0.08133 0.53695 0.38172 1 0 0 Due To Related Entity 439049 Gift Annuity Trust Obligation 6344 445393 X 23295999 11713718 694944 12408662 10887337 144628 -68636 75992 10963329 10463512 694944 68636 763580 9699932 144628 144628 9844560 Part V, Line 4: The intended use of the Organization's Endowment Funds is for University of North Georgia faculty salary support, research funding, fine arts events and student scholarships. 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. 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 financial statements. Part XI, Line 4b - Other Adjustments: Fundraising expenses -68,636. Part XII, Line 2d - Other Adjustments: Fundraising Expenses 68,636. Scholarship Gala 154400 102400 52000 600 40810 27226 154400 102400 52000 600 40810 27226 68636 -16636 1 University of North Georgia 82 College Circle Dahlonega GA 30597 586002060 7311761 1520068 Cost Various equipment and improvements Scholarships, Programs, and Faculty Support for UNG 1 0 Part I, Line 2: All program grants and expenses are made for the benefit of University of North Georgia as directed in the mission statement of this organization. All expenditures are made upon the request of authorized personnel of the University and used in satisfaction of restrictions and intent of donors. Use of unrestricted assets of the organizaton are directed through a budget established by the organization's Board of Trustees. University provides names of faculty and students receiving support and the amount of such support. All disbursements have appropriately supporting evidence for use of funds. Form 990 Schedule I, Part I, Line 2 Part IV - Additional Information The University of North Georgia Foundation provides scholarship monies to University of North Georgia from earnings on its endowment funds and from donations. The scholarship program is controlled and administered by the financial aid department of the University. Records relating to the recipients of these scholarships are maintained by the financial aid department. 0 0 0 0 0 0 0 0 0 Dr Mike P Shannon Trustee, President UNG 0 189655 0 0 0 20600 0 0 0 46720 0 256975 0 0 Mr Jeff Tarnowski CEO 0 179527 0 0 0 0 0 0 0 76618 0 256145 0 0 Amanda L Harden CFO 0 124343 0 0 0 0 0 0 0 87579 0 211922 0 0 X 3709 FMV X 1 6000 FMV X 7 660049 High/Low Avg stock price X Supplies & Equipment 5 97655 FMV X Musical Instruments 1 2550 FMV 0 0 1 1 Part I, Column (b): Number of contributors. Part I, Line 32b: Donors may contribute gifts of personal property or real estate. Such gifts are approved by the CEO or COO prior to acceptance, and in some instances the Foundation Board and/or University. These gifts can be donated to the University or liquidated, according to what best fulfills the Foundation's mission. The COO is responsible for liquidating assets in order to benefit the organization. In some instances, third parties may be hired to assist with selling assets, such as a real estate agent. This is determined on a case by case basis, depending on the type of gift. Form 990 Part V line 2a University of North Georgia Foundation, ("UNGF") does not process nor file payroll tax forms. Fifteen individuals perform part-time services to accomplish the mission for UNGF while employed by the University of North Georgia. Payroll reporting is under UNG's EIN 58-6002060. UNG donates this part-time compensation to UNGF without reimbursement. The value of the donated salaries for the period ended 6.30.2023 was $ 583,576. Form 990, Part VI, Section B, line 11b A copy of the 990 was emailed to the full board of trustees prior to submission. In addition, the return was reviewed and approved by the Finance and Audit Committee prior to submission. Form 990, Part VI, Section B, line 12c Each Board Trustee is required to complete and sign a conflict of interest questionnaire annually. Form 990, Part VI, Section C, line 19 Audited financial statements are provided to individuals and organizations upon request. Also, they are made available on the organization's website. Financials are consolidated into University of North Georgia's financial statements which are available to the public. Form 990 Part XII Line 2c There have been no changes to the auditor selection process nor the financial statement review. University of North Georgia 82 College Circle Dahlonega GA 30597 586002060 Higher Education GA Public University Georgia Board of Regents 0 University of North Georgia Real Estate Foundation 82 College Circle Dahlonega GA 30597 263332258 Construction GA 501(c)(3) Line 12c, III-FI N/A 0 0 1 0 0 0 0 0 0 0 1 0 1 0 1 1 1 1 1 0