2025-04-18T07:09:09-05:00 2024-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 1029 GREENE STREET AUGUSTA GA 30901 990 2023-07-01 237034345 KENNESAW STATE UNIVERSITY FOUNDATION INC KENN 4705786675 1000 CHASTAIN ROAD 9101 KENNESAW GA 30144 STEPHEN S BRIDGES CHIEF FINANCIAL OFFICER 4705786675 2025-04-16 1 1 MELANIE MCPEAK P01346034 7067243557 2023 2025-03-06 01:10:19Z LANCE BURCHETT 1000 CHASTAIN ROAD 9101 KENNESAW GA 30144 133991435 0 X WWW.KENNESAW.EDU/FOUNDATION X 1969 GA TO SERVE AS AN ADVOCATE FOR KENNESAW STATE UNIVERSITY, AND TO RECEIVE, INVEST, ACCOUNT FOR, AND ALLOCATE PRIVATE GIFTS AND CONTRIBUTIONS IN SUPPORT OF KENNESAW STATE UNIVERSITY. 61 58 0 63 -94808 0 19718981 17277896 36850844 36555532 2613315 6978907 -54738 -115049 59128402 60697286 18152600 13329748 0 0 0 0 0 90000 273445 34748821 33530009 52901421 46949757 6226981 13747529 500639088 509633557 335780075 320665076 164859013 188968481 X THE KENNESAW STATE UNIVERSITY FOUNDATION'S MISSION IS TO BE AN ADVOCATE FOR THE UNIVERSITY, AND TO RECEIVE, INVEST, ACCOUNT FOR, AND ALLOCATE PRIVATE GIFTS AND CONTRIBUTIONS IN SUPPORT OF KENNESAW STATE UNIVERSITY. 0 0 29012053 36333041 LEASING OPERATIONS - PROVIDE STUDENT HOUSING, PARKING, OFFICE, DINING AND SPORTS AND RECREATION FACILITIES TO THE UNIVERSITY. 10584627 8506790 TO FUND KENNESAW STATE UNIVERSITY ACADEMIC PROGRAMS AND SCHOLARSHIPS. 5928844 4812575 SUPPORT OF UNIVERSITY PROGRAMS. 555707 10383 222491 SPECIAL EVENTS AND PROGRAMS 555707 10383 222491 46081231 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 0 1 0 0 1 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 X 49 0 1 0 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 61 58 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 GA X X X STEPHEN BRIDGES 4705786675 3391 TOWN POINT DRIVE SUITE 4430 MD KENNESAW GA 30144 DR KATHY SCHWAIG TRUSTEE/PRESIDENT 1.00 40.00 X 0 479766 74093 DR IVAN PULINKALA TRUSTEE/KSU PROVOST 1.00 40.00 X 0 357738 81953 MR THEODORE L PARRISH CHAIRMAN 1.00 0.00 X X 0 0 0 MRS JENNIFER BRITT FLECK VICE CHAIR - CHAIR ELECT 1.00 0.00 X X 0 0 0 MR ANDRE SCHNABL TREASURER 1.00 0.00 X X 0 0 0 MR TRENT TURK SECRETARY 1.00 0.00 X X 0 0 0 MR STEVEN CADRANEL IMMEDIATE PAST CHAIR 1.00 0.00 X 0 0 0 MS ANGIE M ALEXANDER TRUSTEE 1.00 0.00 X 0 0 0 MR LUIS ARRIAGA TRUSTEE 1.00 0.00 X 0 0 0 MR RICHARD A BENNETT TRUSTEE 1.00 0.00 X 0 0 0 MR SHAILA BETTADAPUR TRUSTEE 1.00 0.00 X 0 0 0 MS SARAH BOONE TRUSTEE 1.00 0.00 X 0 0 0 DR RON L BRAUND TRUSTEE 1.00 0.00 X 0 0 0 MR R ALLEN BROOKS TRUSTEE 1.00 0.00 X 0 0 0 MS ELIZABETH W CAMP TRUSTEE 1.00 0.00 X 0 0 0 MS CARMEN CHUBB TRUSTEE 1.00 0.00 X 0 0 0 MR MEL C CLEMMONS TRUSTEE 1.00 0.00 X 0 0 0 DR MICHAEL J COLES TRUSTEE 1.00 0.00 X 0 0 0 MR RICHARD COX TRUSTEE 1.00 0.00 X 0 0 0 MR DON E DAVIDSON TRUSTEE 1.00 0.00 X 0 0 0 MR BORJA DE OLANO TRUSTEE 1.00 0.00 X 0 0 0 MR STEPHEN W DILS TRUSTEE 1.00 0.00 X 0 0 0 MR JAMES P DUNN TRUSTEE 1.00 0.00 X 0 0 0 MR MICKEY DUNN TRUSTEE 1.00 0.00 X 0 0 0 MRS SHELLY ELDER TRUSTEE 1.00 0.00 X 0 0 0 MRS JENNIFER ELLIS TRUSTEE 1.00 0.00 X 0 0 0 MS CONNIE L ENGEL TRUSTEE 1.00 0.00 X 0 0 0 MS HEATHER FORTNER TRUSTEE 1.00 0.00 X 0 0 0 MR REUEL RICK HAMILTON III TRUSTEE 1.00 0.00 X 0 0 0 MR JOSEPH J HANDY TRUSTEE 1.00 0.00 X 0 0 0 MRS STACY HAUBENSCHILD TRUSTEE 1.00 0.00 X 0 0 0 MR WILLIAM M HAYES TRUSTEE 1.00 0.00 X 0 0 0 MR FRANK M HOWARD TRUSTEE 1.00 0.00 X 0 0 0 MR I BARRY HYMAN TRUSTEE 1.00 0.00 X 0 0 0 MR DON JOHNSON TRUSTEE 1.00 0.00 X 0 0 0 MR DOUGLAS E JONES TRUSTEE 1.00 0.00 X 0 0 0 MR RANDY KOPORC TRUSTEE 1.00 0.00 X 0 0 0 MR LAWRENCE P KRASKA TRUSTEE 1.00 0.00 X 0 0 0 MRS CATHERINE LAND WATERS TRUSTEE 1.00 0.00 X 0 0 0 MR ROB LEVEN TRUSTEE 1.00 0.00 X 0 0 0 MR BEN L LOOPER TRUSTEE 1.00 0.00 X 0 0 0 MS BETH LOWRY TRUSTEE 1.00 0.00 X 0 0 0 MR CARIC MARTIN TRUSTEE 1.00 0.00 X 0 0 0 MR DAVID MCKOY TRUSTEE 1.00 0.00 X 0 0 0 MR DAVID MILLICAN TRUSTEE 1.00 0.00 X 0 0 0 MS JUDITH MOEN TRUSTEE 1.00 0.00 X 0 0 0 MR SIDDHARTHA MOOKERJI TRUSTEE 1.00 0.00 X 0 0 0 MRS ALANA MUELLER TRUSTEE 1.00 0.00 X 0 0 0 MR JAMES CHRIS PIKE TRUSTEE 1.00 0.00 X 0 0 0 MRS DEBORAH PIKE TRUSTEE 1.00 0.00 X 0 0 0 MR NORMAN J RADOW TRUSTEE 1.00 0.00 X 0 0 0 MR LEE RHYANT TRUSTEE 1.00 0.00 X 0 0 0 MRS CANDICE L SAUNDERS TRUSTEE 1.00 0.00 X 0 0 0 MR DOUGLAS SHORE TRUSTEE 1.00 0.00 X 0 0 0 MR RICHARD S SIEGEL TRUSTEE 1.00 0.00 X 0 0 0 MS ROBYN SMITH TRUSTEE 1.00 0.00 X 0 0 0 MR J LARRY STEVENS TRUSTEE 1.00 0.00 X 0 81024 0 MS TRACY STYF TRUSTEE 1.00 0.00 X 0 0 0 MR DARRELL SUTTON TRUSTEE 1.00 0.00 X 0 0 0 MS VALERY VOYLES TRUSTEE 1.00 0.00 X 0 0 0 MR DAVID R WALENS TRUSTEE 1.00 0.00 X 0 0 0 MR TIM WILKERSON TRUSTEE 1.00 0.00 X 0 0 0 MR MARK WILSON TRUSTEE 1.00 0.00 X 0 0 0 MR LANCE E BURCHETT CEO 20.00 20.00 X 0 275797 43475 MR STEPHEN BRIDGES CFO 40.00 0.00 X 0 170276 54373 MS JANELLE FUNK DIRECTOR OF ANALYSIS 20.00 20.00 X 0 132845 45323 MS VALERIE PATRICK FOUNDATION CONTROLLER 40.00 0.00 X 0 126945 26365 0 1624391 325582 0 0 1 0 PIEDMONT CONSTRUCTION GROUP 107 GATEWAY DRIVE SUITE B MACON GA 31210 CONSTRUCTION 1785226 GEORGIA MECHANICAL INC 4189 CAPITAL VIEW DRIVE SUWANEE GA 30024 REPAIR AND MAINTENANCE 1189198 CALIBER 1 CONSTRUCTION INC 1 COMMUNITY SQUARE BLVD SUITE 200 VILLA RICA GA 30180 REPAIR AND MAINTENANCE 848287 ALBION GENERAL CONTRACTORS INC 8601 DUNWOODY PL 300 330 SANDY SPRINGS GA 30350 CONSTRUCTION 832621 RUBIO & SONS INTERIORS INC 6649 PEACHTREE INDUSTRIAL BLVD SU NORCROSS GA 30092 CONSTRUCTION 769422 19 454110 16823786 225115 17277896 LEASING INCOME 531190 36333041 36333041 MANAGEMENT FEE INCOME 531190 222491 222491 36555532 4396442 -94808 4491250 74310075 1391535 72027610 1091535 2282465 300000 2582465 2582465 59955 454110 175004 -115049 -115049 60697286 36555532 -94808 6958666 13329748 13329748 34077 34077 86090 86090 90000 90000 220524 220524 642617 580715 57224 4678 25126 25126 596301 546025 17533 32743 128562 73779 53226 1557 3350299 3284972 63167 2160 232328 207903 4770 19655 1182191 1110119 45347 26725 10907361 10907361 5847687 5847687 RENTAL OPERATIONS 6243078 6243078 SHARED SERVICES 3229275 3229275 PROMOTION AND DEVELOPME 693554 616018 2087 75449 DUES AND PROFESSIONAL M 108016 79425 11036 17555 2923 2923 46949757 46081231 595081 273445 28850632 7617791 14620519 18297870 1397549 395999 38046 34363 158072649 92380680 68749622 65691969 21007160 41764272 100069467 119112264 265906093 256719029 500639088 509633557 2807534 448185 572507 726776 320816969 306920508 11583065 12569607 335780075 320665076 X 24420779 30565182 140438234 158403299 164859013 188968481 500639088 509633557 13747529 10361939 0 X 0 1 X 1 0 X X 1 KENNESAW STATE UNIVERSITY 580965786 6 1 13329748 0 1 13329748 0 1 0 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 FOUNDATION'S SUPPORTED ORGANIZATION (KENNESAW STATE UNIVERSITY) HAS A SIGNIFICANT VOICE IN THE INVESTMENT POLICIES AND THE USE OF INCOME AND ASSETS OF THE FOUNDATION THROUGHOUT THE YEAR. THIS IS EVIDENCED BY THE FOLLOWING FACTS: KENNESAW STATE UNIVERSITY EMPLOYEES ARE INVOLVED WITH THE FOUNDATION'S DAILY OPERATIONS; THE PRESENCE OF THE PRESIDENT'S AND/OR HIS/HER EMISSARIES AT COMMITTEE AND BOARD MEETINGS WHERE DECISIONS ARE MADE; THE FACT THAT THE PRESIDENT IS A VOTING TRUSTEE OF THE BOARD AND VICE PRESIDENT OF ADVANCEMENT SIT ON THE BOARD OF DIRECTORS, ALBEIT AS A NON-VOTING MEMBER. PART IV, SECTION E, LINE 1C: THE KENNESAW STATE UNIVERSITY FOUNDATION, INC. SUPPORTS KENNESAW STATE UNIVERSITY ("KSU"). KSU IS A UNIVERSITY IN THE THE STATE OF GEORGIA UNIVERSITY SYSTEM AND HENCE IS A UNIT OF GOVERNMENT. PART IV, SECTION E, LINE 2A: ALL ACTIVITIES ENGAGED IN BY THE FOUNDATION ARE FOR THE BENEFIT OF THE SUPPORTED ORGANIZATION, KENNESAW STATE UNIVERSITY. THE SCHOLARSHIPS HELP STUDENTS TO ATTEND, THE ACADEMIC PROGRAMS ENRICH THE PROGRAMS OFFERED BY THE FACULTY; THE LEASING OPERATIONS PROVIDE THE UNIVERSITY'S STUDENTS WITH HOUSING, PARKING, OFFICE, DINING AND SPORTS AND RECREATION FACILITIES, ETC. PART IV, SECTION E, LINE 2B: KENNESAW STATE UNIVERSITY FOUNDATION'S MISSION IS TO BE AN ADVOCATE FOR KENNESAW STATE UNIVERSITY (THE "UNIVERSITY") AND TO RECEIVE, INVEST, ACCOUNT FOR, AND ALLOCATE PRIVATE GIFTS AND CONTRIBUTIONS IN SUPPORT OF THE UNIVERSITY. THE FOUNDATION PROVIDES STUDENT HOUSING, PARKING, AND LEASES ADMINISTRATIVE, DINING, CLASSROOM, AND ATHLETIC SPACE TO THE UNIVERSITY. ALL THESE ACTIVITIES ARE ESSENTIAL TO THE OPERATIONS OF KENNESAW STATE UNIVERSITY. IF THE FOUNDATION DID NOT CONDUCT THESE ACTIVITIES, ANOTHER ORGANIZATION, OR THE UNIVERSITY ITSELF, WOULD HAVE TO MANAGE SUCH ACTIVITIES AND PROPERTIES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21200 1298388 X X X 0 106334537 3855220 11706701 2716312 119180146 89245895 11340964 8088208 2340530 106334537 96495925 4293026 -10042041 1501015 89245895 59137727 22389879 16262962 1294643 96495925 47465943 12393192 541380 1262788 59137727 0.00880 0.76280 0.22840 0 0 3907374 3907374 140244752 84056620 56188132 82581 30200 52381 13837942 8293860 5544082 65691969 ALTERNATIVE INVESTMENTS 119112264 F 119112264 NET INVESTMENTS IN DIRECT FINANCING LEASES 200451896 ASSETS LIMITED AS TO USE 50984089 DONATED ART 1298388 OTHER ASSETS 8700 OPERATING LEASES RIGHT OF USE ASSET 3975956 256719029 ACCRUED INTEREST 6148766 ACCOUNTS PAYABLE TO RELATED ENTITY 1658827 ANNUITY OBLIGATION 65 OPERATING LEASES LIABILITY 4061374 LINE OF CREDIT 700575 12569607 X 72702742 10361939 1689037 175004 12225980 60476762 220524 220524 60697286 46908956 1689037 175004 1864041 45044915 220524 1684318 1904842 46949757 PART III, LINE 4: THE KSU FOUNDATION ART COLLECTION CONSISTS OF JUST OVER TWO HUNDRED PAINTINGS, SCULPTURE, PHOTOGRAPHS, WORKS ON PAPER, AND DECORATIVE ARTS FROM THE SEVENTEENTH-CENTURY TO THE PRESENT. WHILE COMPRISED PRIMARILY OF ARTWORK FROM THE UNITED STATES, THE COLLECTION ALSO INCLUDES WORKS FROM EUROPE AND ASIA. AS A SUPPORTING ORGANIZATION, PROVIDING THIS ART COLLECTION FURTHERS THE EDUCATIONAL PURPOSE OF KSU BY INSPIRING STUDENTS. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF 520 INDIVIDUAL FUNDS ESTABLISHED BY DONORS TO PROVIDE ANNUAL FUNDING FOR A VARIETY OF PURPOSES. THE PERCENTAGE REPORTED FOR PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. PART X, LINE 2: THE FOUNDATION QUALIFIED AS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN IRC 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 CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 175,004. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 175,004. PART XII, LINE 4B - OTHER ADJUSTMENTS: ASSETS TRANSFERRED TO KSU 1,684,318. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 12096044 0 0 0 0 0 0 12096044 0 12096044 0 0 0 0 0 0 PART I, LINE 3: THE AMOUNT REPORTED IN PART I REPRESENTS THE FAIR MARKET VALUE OF INVESTMENTS HELD AS OF THE END OF THE TAX YEAR. 1 ALEXANDER HAAS 3520 PIEDMONT ROAD SUITE 450 ATLANTA GA 30305 FUNDRAISING CONSULTATION SERVICES 0 0 90000 -90000 90000 -90000 AL CA DC IL KS MA MI NJ OR VA ARTS GALA 228240 187985 40255 630 38020 53157 CONSTRUCTION GALA 285825 266125 19700 12005 35346 35846 514065 454110 59955 12635 35346 38020 89003 175004 -115049 1 KENNESAW STATE UNIVERSITY 1000 CHASTAIN ROAD KENNESAW GA 30144 580965786 STATE UNIVERSITY 3516467 0 ACADEMIC PROGRAMS AND DEAN SUPPORT KENNESAW STATE UNIVERSITY 1000 CHASTAIN ROAD KENNESAW GA 30144 580965786 STATE UNIVERSITY 3128257 1684318 BOOK ARTWORK AND OTHER OTHER UNIVERSITY SUPPORT KENNESAW STATE UNIVERSITY 1000 CHASTAIN ROAD KENNESAW GA 30144 580965786 STATE UNIVERSITY 10383 0 UNIVERSITY EVENTS & PROGRAMS KENNESAW STATE UNIVERSITY 1000 CHASTAIN ROAD KENNESAW GA 30144 580965786 STATE UNIVERSITY 4990323 0 TO PROVIDE MONIES TO KSU FOR STUDENT SCHOLARSHIPS 1 0 PART I, LINE 2: THE FOUNDATION REQUIRES APPROVAL OF DEPARTMENT HEADS FOR ALL PROGRAM EXPENSES. SCHOLARSHIPS ARE ADMINISTERED BY THE OFFICE OF FINANCIAL AID AND THE SCHOLARSHIP STEERING COMMITTEE. 0 0 0 0 0 0 0 0 0 DR KATHY SCHWAIG TRUSTEE/PRESIDENT 0 438566 0 0 0 41200 0 62416 0 11677 0 553859 0 0 DR IVAN PULINKALA TRUSTEE/KSU PROVOST 0 357738 0 0 0 0 0 75492 0 6461 0 439691 0 0 MR LANCE E BURCHETT CEO 0 265864 0 0 0 9933 0 25355 0 18120 0 319272 0 0 MR STEPHEN BRIDGES CFO 0 170276 0 0 0 0 0 35542 0 18831 0 224649 0 0 MS JANELLE FUNK DIRECTOR OF ANALYSIS 0 132845 0 0 0 0 0 38973 0 6350 0 178168 0 0 MS VALERIE PATRICK FOUNDATION CONTROLLER 0 126945 0 0 0 0 0 12899 0 13466 0 153310 0 0 SCHEDULE J, PART I: KENNESAW STATE UNIVERSITY FOUNDATION, INC. DOES NOT HAVE ANY W-2 EMPLOYEES. ALL EMPLOYEES ARE EMPLOYED BY REPORTING AGENT, KENNESAW STATE UNIVERSITY, EIN 58-0968786, A RELATED ORGANIZATION. THE FOUNDATION REIMBURSES THE UNIVERSITY FOR A PORTION OF THE COMPENSATION OF ALL EMPLOYEES PROVIDING SERVICES TO THE FOUNDATION. A DEVELOPMENT AUTHORITY OF COBB COUNTY 581522881 190778BS8 2013-11-26 38592867 TO PARTIALLY REFUND BONDS ISSUED 11/10/2004 THAT REFUNDED, PURCHASED AND CON 0 0 0 B DEVELOPMENT AUTHORITY OF COBB COUNTY 581522881 190778CM0 2014-08-12 48213043 TO PARTIALLY REFUND BONDS ISSUED 11/10/2004 THAT REFUNDED, PURCHASED AND CON 0 0 0 C DEVELOPMENT AUTHORITY OF COBB COUNTY 581522881 190778EK2 2015-05-20 65024302 TO PARTIALLY REFUND BONDS ISSUED 11/10/2004 THAT REFUNDED, PURCHASED AND CON 0 0 0 D DEVELOPMENT AUTHORITY OF COBB COUNTY 581522881 19078RAQ0 2015-09-02 41190654 TO REFUND BONDS ISSUED 11/10/2004 & 3/28/2006 THAT REFUNDED, PURCHASED 1 0 0 A 19170000 1350000 38592867 3416761 748618 34623452 2013 1 1 1 1 B 7830000 2755000 48213043 4648157 933608 46668419 2014 1 0 1 1 C 11160000 805000 65024302 5032566 1073547 63669164 2015 1 1 1 1 D 21110000 21539240 41190654 651244 133609 40284936 120864 2015 1 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 1 BAYERISCHE LANDESBANK 0.018700000000 1 0 0 B 0 0 0 1 0 0 1 BAYERISCHE LANDESBANK 0.018700000000 1 0 0 C 0 0 0 1 0 0 1 BAYERISCHE LANDESBANK 0.018700000000 1 0 0 D 0 0 0 1 0 0 0 0 0 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: DEVELOPMENT AUTHORITY OF COBB COUNTY DATE THE REBATE COMPUTATION WAS PERFORMED: 10/30/2018 ISSUER NAME: DEVELOPMENT AUTHORITY OF COBB COUNTY DATE THE REBATE COMPUTATION WAS PERFORMED: 09/09/2019 ISSUER NAME: DEVELOPMENT AUTHORITY OF COBB COUNTY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/19/2020 ISSUER NAME: DEVELOPMENT AUTHORITY OF COBB COUNTY DATE THE REBATE COMPUTATION WAS PERFORMED: 08/25/2020 ISSUER NAME: DEVELOPMENT AUTHORITY OF THE CITY OF MARIETTA DATE THE REBATE COMPUTATION WAS PERFORMED: 06/22/2018 SCHEDULE K, PART II, LINE 3: ANY DIFFERENCE IN THE AMOUNT OF PROCEEDS REPORTED IN PART I AND PART II PERTAINS TO INVESTMENT EARNINGS. A DEVELOPMENT AUTHORITY OF COBB COUNTY 581522881 19078NAW6 2017-02-28 50330132 TO REFUND BONDS ISSUED 11/15/2007 & 11/6/2008 THAT REFUNDED, PURCHASED AND C 0 0 0 B DEVELOPMENT AUTHORITY OF THE CITY OF MARIETTA 581871019 5676560X8 2013-06-18 28544856 TO REFUND BONDS ISSUED 12/05/2003 THAT PURCHASED AND CONSTRUCTED STUDENT HOU 0 0 0 C DEVELOPMENT AUTHORITY OF COBB COUNTY 581522881 19078VAT5 2017-12-28 47421969 TO PARTIALLY REFUND BONDS ISSUED 7/13/2010 THAT CONSTRUCTED SOCCER STADIUM A 0 0 0 D DEVELOPMENT AUTHORITY OF COBB COUNTY 581522881 19078VBM9 2020-09-24 31460000 TO PARTIALLY REFUND BONDS ISSUED 7/13/2010 THAT CONSTRUCTED SOCCER STADIUM A 0 0 0 A 8855000 50330132 777991 49552141 2017 1 1 1 1 B 18010000 28544856 1313786 570897 2087427 24724957 2013 1 1 1 1 C 4515000 47421969 47207027 214942 2017 0 1 1 1 D 380000 17520636 17520000 636 2020 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 1 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 1 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 0 B 0 0 0 1 0 0 0 0 0 C 0 1 0 0 0 0 0 0 0 D 0 1 0 0 0 0 0 0 0 A 1 B 1 C 1 D 1 A DEVELOPMENT AUTHORITY OF COBB COUNTY 581522881 19078VCF3 2020-09-24 10168645 TO RENOVATE STUDENT HOUSING FACILITY 0 0 0 B DEVELOPMENT AUTHORITY OF COBB COUNTY 581522881 19078VDB1 2020-12-17 35360000 TO CONSTRUCT STUDENT HOUSING FACILITY. 0 0 0 C DEVELOPMENT AUTHORITY OF COBB COUNTY 581522881 19078VDW5 2021-10-21 22095000 TO REFUND BONDS ISSUED 08/11/2021 TO CONSTRUCT STUDENT HOUSING 0 0 0 D DEVELOPMENT AUTHORITY OF COBB COUNTY 581522881 19078VET1 2022-04-19 36315728 REFUND BONDS ISSUED 3/7/13 FOR STUDENT REC. & ACTIVITY CENTER EXPANSION 0 0 0 A 370000 10168645 409737 184191 9574717 2020 1 0 1 1 B 38252772 495995 618157 2865339 34273281 2011 0 0 1 1 C 810000 24696983 24210173 486810 2011 1 1 1 1 D 1845000 36315728 35729772 585956 2013 1 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 0 B 0 1 0 0 0 0 0 0 0 C 0 1 0 0 0 0 0 0 0 D 0 1 0 0 0 0 0 0 0 A 1 B 1 C 1 D 1 X 3 21200 FMV X 7 178961 FMV X AUCTION ITEMS 31 24954 FMV 0 0 1 0 PART I, COLUMN (B): THE NUMBER IN PART I, COLUMN (A) REPRESENTS THE NUMBER OF CONTRIBUTIONS FORM 990, PART I, LINE 5 AND PART V, LINE 2A AND 2B: KENNESAW STATE UNIVERSITY FOUNDATION, INC. DOES NOT HAVE ANY W-2 EMPLOYEES. ALL EMPLOYEES ARE EMPLOYED BY REPORTING AGENT, KENNESAW STATE UNIVERSITY, EIN 58-0968786, A RELATED ORGANIZATION. THE FOUNDATION REIMBURSES THE UNIVERSITY FOR A PORTION OF THE COMPENSATION OF ALL EMPLOYEES PROVIDING SERVICES TO THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE HAS MOST DECISION MAKING AUTHORITY. THESE MEMBERS ARE LEGALLY EMPOWERED TO CONDUCT BUSINESS ON BEHALF OF THE FOUNDATION. GENERAL BOARD MEMBERS DO NOT VOTE ON ALL ISSUES. FORM 990, PART VI, SECTION A, LINE 2 RICHARD BENNETT AND MICHAEL COLES HAVE A BUSINESS RELATIONSHIP. JAMES CHRIS PIKE AND DEBORAH PIKE HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 3 IN PRIOR YEARS, THE FOUNDATION HAD DELEGATED THE MANAGEMENT DUTIES OF SOME SUBSIDIARY COMPANIES TO THIRD PARTY INDEPENDENT FIRMS WITH EXPERIENCE IN EACH RELATED LINE OF DAILY OPERATING ACTIVITY. THOSE AGREEMENTS WERE TERMINATED AND SUCH OPERATIONS WERE TURNED OVER TO THE UNIVERSITY OR THE OPERATIONS WERE DISCONTINUED. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, A COPY OF THE COMPLETED FORM 990 IS MADE AVAILABLE TO THE MEMBERS OF THE BOARD FOR THEIR REVIEW. A DETAILED REVIEW IS DONE BY THE CFO AND CONTROLLER OF THE ORGANIZATION BEFORE PRESENTING TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION HAS ADOPTED A WRITTEN CONFLICT OF INTEREST POLICY WHEREBY POTENTIAL CONFLICTS OF INTEREST OR THE APPEARANCE OF SUCH CONFLICTS ARE HANDLED AS OPENLY AS POSSIBLE. EACH OFFICER, DIRECTOR OR TRUSTEE, AND KEY EMPLOYEE MUST DISCLOSE ANNUALLY ANY INTERESTS THAT MAY GIVE RISE TO CONFLICTS OF INTEREST BY SIGNING A DOCUMENT TO THIS EFFECT ADDRESSED TO THE C.E.O. ANY RELATIONSHIPS REPORTED ARE REVIEWED. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION HAS NO FULL-TIME EMPLOYEES. KEY PERSONNEL IN SUPPORT OF THE FOUNDATION ARE KENNESAW STATE UNIVERSITY EMPLOYEES AND ARE SUBJECT TO THE COMPENSATION GUIDELINES OF THE BOARD OF REGENTS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO ANY INTERESTED PARTY. THE ANNUAL FINANCIAL STATEMENTS, FORMS 990, AND BYLAWS ARE POSTED ON THE FOUNDATIONS' WEB PAGE FOR ANY INTERESTED PARTY. 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