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RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 284132 X 0 38612096 845663 3570026 918678 42109107 34979370 2346450 2460409 1174133 38612096 39853260 1109356 -5593199 390047 34979370 25390705 8170886 6706977 415308 39853260 27462118 512377 -1715788 868002 25390705 0.12000 0.53000 0.35000 0 0 63000 63000 1586275 207450 1378825 1350741 21673 1329068 2770893 INVESTMENTS-CASH SURRENDER VALUE 22945 OTHER ASSETS - COLLECTIBLES 284132 RIGHT OF USE ASSET 2481545 DEFERRED RENT RECEIVABLE 83933 2872555 LEASE LIABILITY 2836366 EARNEST MONEY 10000 2846366 X 7816968 3715760 216224 3687 3935671 3881297 114696 -487115 -372419 3508878 2913062 216224 487115 703339 2209723 114696 114696 2324419 PART III, LINE 4: THE ORGANIZATION RETAINS HISTORICAL EDUCATIONAL ARTIFACTS FOR SHARING WITH STUDENTS THE HISTORY OF THE UNITED STATES. PART V, LINE 4: SUPPORT GEORGIA MILITARY COLLEGE PART X, LINE 2: IT IS THE FOUNDATION'S POLICY TO ACCOUNT FOR ANY UNCERTAINTIES IN INCOME TAX LAW IN ACCORDANCE WITH FASB ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. ASC 740-10 CLARIFIES THE ACCOUNTING FOR UNCERTAIN INCOME TAX POSITIONS AND REQUIRES THAT THE FOUNDATION RECOGNIZE THE IMPACT OF SUCH A TAX POSITION IN ITS FINANCIAL STATEMENTS IF, UPON ULTIMATE SETTLEMENT, THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAS MAINTAINED ITS TAX-EXEMPT STATUS AND HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT OF THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN CSV 3,687. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -487,115. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 487,115. 1 GEORGIA MILITARY COLLEGE 201 E GREENE STREET MILLEDGEVILLE GA 31061 580616992 2078123 0 TO PROVIDE SCHOLARSHIPS TO STUDENTS AND TO PROVIDE OTHER PROGRAM SUPPORT TO THE COLLEGE. PART I, LINE 2: SCHOLARSHIPS ARE AWARDED TO STUDENTS BASED ON APPLICATIONS RECEIVED AND CRITERIA FOR INDIVIDUAL SCHOLARSHIP. OTHER SUPPORT TO GEORGIA MILITARY COLLEGE IS BASED ON THE NEEDS OF THE COLLEGE, THE INTENT OF THE DONOR RESTRICTED CONTRIBUTIONS AND BOARD APPROVED FUNDINGS. 0 0 0 0 0 0 0 0 0 SCH J AND FORM 990 PART VII THE ORGANIZATION'S MISSION IS CARRIED OUT BY TWO EMPLOYEES OF AN UNRELATED ORGANIZATION GEORGIA MILITARY COLLEGE, EIN 58-0616992. REPORTED ON PART VII IS THE COMPENSATION AND BENEFITS FOR EXECUTIVE DIRECTOR, ALLEN SIMMONS, TOTALING $138,282 AND SECRETARY, SUSAN MEEKS, TOTALING $128,545. FORM 990, PART I, LINE 5 GEORGIA MILITARY COLLEGE FOUNDATION, INC. HAS NO W-2 EMPLOYEES. COMPENSATION OF EMPLOYEES IS FROM AND REPORTED BY AN UNRELATED ORGANIZATION, GEORGIA MILITARY COLLEGE, EIN 58-0616992, FOR SERVICES RENDERED TO THE FOUNDATION. GEORGIA MILITARY COLLEGE DONATED SALARIES AND BENEFITS FOR FY24 TOTALING $203,777. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS, LARRY AND PATRICIA THOMPSON, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 ON APRIL 26, 2024 THE ORGANIZATION ADOPTED THE FOLLOWING CHANGES TO THEIR BYLAWS DURING THE YEAR ENDED JUNE 30, 2024: - REVISED NUMBER OF OFFICE OF TRUSTEES. - REVISED RESIGNATION AND REMOVAL OF TRUSTEES. - REVISED EMERITUS DESIGNATION. - REVISED OFFICERS POSITIONS. - REVISED STANDING COMITTEES AND DESIGNATED NEW COMMITTEES. - QUORUM REQUIREMENT REVISED. - REVISED DISBURSEMENT LIMITATIONS AND EXECUTIVE COMMITTEE APPROVAL PROCESS. - CONFLICT OF INTEREST PROCEDURES EXPANDED FORM 990, PART VI, SECTION B, LINE 11B THE 990 WAS REVIEWED BY THE ORGANIZATION'S MANAGEMENT AND ENTIRE BOARD PRIOR TO FILING. THIS IS ACCOMPLISHED ELECTRONICALLY WITH A DEADLINE SET FOR COMMENT. NO FORMAL MEETING IS HELD FOR THIS PURPOSE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ALL BOARD MEMBERS TO SIGN A CONFLICT OF INTEREST STATEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, POLICIES AND PROCEDURES OF THE ORGANIZATION AND ANNUAL FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN CSV 3,687. FORM 990, PART XII, LINE 2C THE PROCESS FOR OVERSIGHT OF THE ANNUAL AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR. GMCF STONE MOUNTAIN LLC 410 S JEFFERSON STREET MILLEDGEVILLE GA 31061 ACQUIRING, OPERATING, AND MANAGING REAL PROPERTY FOR THE BENEFIT OF THE COLL GA 6837 266033 GEORGIA MILITARY COLLEGE FOUNDATION GMCF COLUMBUS LLC 410 S JEFFERSON STREET MILLEDGEVILLE GA 31061 ACQUIRING, OPERATING, AND MANAGING REAL PROPERTY FOR THE BENEFIT OF THE COLL GA 487996 3809943 GEORGIA MILITARY COLLEGE FOUNDATION GMCF MILLEDGEVILLE PROPERTY LLC 410 S JEFFERSON STREET MILLEDGEVILLE GA 31061 ACQUIRING, OPERATING, AND MANAGING REAL PROPERTY FOR THE BENEFIT OF THE COLL GA 0 255356 GEORGIA MILITARY COLLEGE FOUNDATION