2026-03-11T12:48:01-05:00 2025-06-30 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2024-07-01 586043972 GEORGIA COLLEGE & STATE UNIVERSITY FOUNDATION INC GEOR 4784455400 CAMPUS BOX 96 MILLEDGEVILLE GA 31061 B SETH WALKER EXECUTIVE DIRECTOR 4784455400 2026-03-09 1 0 MARY JO ALEXANDER P00002534 7709558600 2026-03-09 2024 2025-03-06 01:10:19Z B SETH WALKER CAMPUS BOX 96 MILLEDGEVILLE GA 31061 8901815 0 X N/A X 1960 GA TO ENCOURAGE, SOLICIT, RECEIVE AND ADMINISTER GIFTS AND BEQUESTS OF PROPERTY AND FUNDS FOR THE SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES FOR THE ADVANCEMENT OF GEORGIA COLLEGE & STATE UNIVERSITY. PRIVATE GIFTS FROM ALUMNI, FRIENDS, PARENTS, CORPORATIONS AND FOUNDATIONS PROVIDE THE RESOURCES NECESSARY TO OFFER AN OUTSTANDING EDUCATIONAL EXPERIENCE FOR GEORGIA COLLEGE AND STATE UNIVERSITY STUDENTS AND ENHANCE THE OVERALL EXCELLENCE OF THIS INSTITUTION. 32 32 9 42 0 0 2971200 5035855 85314 40511 526630 2886776 102266 106140 3685410 8069282 2414443 2696014 0 0 0 0 0 0 213898 1276434 1234701 3690877 3930715 -5467 4138567 65572789 71792342 8337924 7749341 57234865 64043001 THE FOUNDATION PROMOTES AND SUPPORTS THE MISSION AND VISION OF GEORGIA COLLEGE & STATE UNIVERSITY BY ACQUIRING AND ADMINISTERING RESOURCES, AND BY ADVOCATING FOR THE UNIVERSITY. 0 0 3465367 2696014 GRANTING OF SCHOLARSHIPS AND EDUCATIONAL SUPPORT ACTIVITIES TO GEORGIA COLLEGE & STATE UNIVERSITY TO FURTHER THE EDUCATIONAL EXPERIENCE OF THE STUDENTS. 39118 40511 RENTAL OF STUDENT ACTIVITY CENTER AND PARKING TO GEORGIA COLLEGE & STATE UNIVERSITY. 3504485 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 0 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 X 32 0 1 9 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 32 32 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 GA X THE ORGANIZATION 4784455400 CAMPUS BOX 96 MILLEDGEVILLE GA 31061 X JEFF WANSLEY BOARD CHAIR 0.00 X X 0 0 0 DEREK CHITWOOD VICE CHAIR, CHAIR - TRUSTEE 0.00 X X 0 0 0 GARY THROWER TREASURER 0.00 X X 0 0 0 ANRESA DAVIS SECRETARY, EXECUTIVE, PHILANTHROPY 0.00 X X 0 0 0 GENIE CHAMBERLIN CHAIR - FUNDRAISING 0.00 X 0 0 0 MAX CROOK CHAIR - INVESTMENT 0.00 X 0 0 0 MURALI THIRUMAL TRUSTEE 0.00 X 0 0 0 CHRIS CLARK TRUSTEE 0.00 X 0 0 0 PAM TRAWICK TRUSTEE 0.00 X 0 0 0 STAN WILSON TRUSTEE 0.00 X 0 0 0 CATHY COX TRUSTEE, PRESIDENT (GCSU) 1.00 39.00 X 0 309288 46063 DONNA BARWICK TRUSTEE 0.00 X 0 0 0 PAM BOOKER TRUSTEE 0.00 X 0 0 0 LES CALLAHAN TRUSTEE 0.00 X 0 0 0 JIMMY CHILDRE TRUSTEE 0.00 X 0 0 0 LOU CHILDS TRUSTEE 0.00 X 0 0 0 ANNE CULBERSON TRUSTEE 0.00 X 0 0 0 ALEX GREGORY TRUSTEE 0.00 X 0 0 0 JAY HARRINGTON TRUSTEE 0.00 X 0 0 0 KYLE HOOD TRUSTEE 0.00 X 0 0 0 BILL JONES TRUSTEE 0.00 X 0 0 0 JANE KIDD TRUSTEE 0.00 X 0 0 0 KIM MARTIN TRUSTEE 0.00 X 0 0 0 GEORGE MARTINEZ TRUSTEE 0.00 X 0 0 0 DEBOR MINOR TRUSTEE 0.00 X 0 0 0 BRANDIE MOCK TRUSTEE 0.00 X 0 0 0 PATIENCE PETERSON TRUSTEE 0.00 X 0 0 0 DONALD RHODES TRUSTEE 0.00 X 0 0 0 RICHARD RUSSELL TRUSTEE 0.00 X 0 0 0 DILANKA SEIMON TRUSTEE 0.00 X 0 0 0 MARIA SHEFFIELD TRUSTEE 0.00 X 0 0 0 BERNARD SOLOMON TRUSTEE 0.00 X 0 0 0 SUSAN STEWART TRUSTEE 0.00 X 0 0 0 LAURIE K TAYLOR AVP ADVANCEMENT SERVICES, GCSU 5.00 35.00 X 0 80067 27226 B SETH WALKER EXECUTIVE DIRECTOR, VP UNIVERSITY ADV, GCSU 5.00 35.00 X 0 194180 40186 0 583535 113475 0 0 1 0 0 59531 4976324 175260 5035855 RENTAL INCOME 531120 20500 20500 DIRECT FINANCING LEASE INCOME 531190 20011 20011 40511 1655842 1655842 2492 2492 2007862 776928 1230934 1230934 1230934 52365 59531 55605 -3240 -3240 MISC. FOUNDATION ACTIVITIES 611710 106888 106888 106888 8069282 40511 0 2992916 2696014 2696014 10227 10227 30081 30081 137002 137002 174866 98375 7350 69141 14282 13707 575 122457 62810 4454 55193 37369 8767 3450 25152 8086 7836 250 207486 194545 10500 2441 301123 292804 8319 10283 10283 6664 6664 20593 11863 8730 DECORATIONS, FLOWERS, G 54845 34548 20297 REGISTRATION 37588 26144 133 11311 DUES AND SUBSCRIPTIONS 32684 11209 405 21070 REPAIRS AND MAINTENANCE 25403 25403 3662 3513 149 3930715 3504485 212332 213898 4601285 5302118 536394 988803 10305 4753 22449 2244 1258860 114892 1150632 1143968 55109545 62961687 2273771 0 1868408 1388769 65572789 71792342 53732 16572 1047647 7236545 7732769 8337924 7749341 X 14026390 15485708 43208475 48557293 57234865 64043001 65572789 71792342 X 4138567 3197569 -528000 X X 0 1 X 1 0 X 3570846 2712835 2164159 2971200 5035855 16454895 452114 352964 465516 571158 683691 2525443 4022960 3065799 2629675 3542358 5719546 18980338 3021533 15958805 1096827 1097104 1121735 1094630 1658334 6068630 35876 14497 50373 41375 109954 57645 82766 106888 398628 25497969 5039165 0.62590 0.57380 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISC FOUNDATION ACTIVITIES - 2020 AMOUNT: $ 41,375. 2021 AMOUNT: $ 109,954. 2022 AMOUNT: $ 57,645. 2023 AMOUNT: $ 82,766. 2024 AMOUNT: $ 106,888. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 97670 1322442 X X 0 44396776 2337481 5599219 1891718 50441758 41424980 1047044 3502184 1577432 44396776 39972266 695763 2107386 1350435 41424980 44800204 1173683 -4466171 1535450 39972266 34098640 2482328 9556359 1337123 44800204 0.15170 0.58820 0.26010 0 0 932292 932292 234365 32512 201853 92203 82380 9823 1143968 ANNUITY PAYABLE 530223 FUNDS HELD FOR OTHERS 7157968 RELATED PARTY PAYABLE 44578 7732769 X PART III, LINE 4: THE COLLECTION CONSISTS OF OLD GOVERNOR MANSION FURNISHINGS, FINE ARTS, AND ANTIQUES. THE COLLECTION FURTHERS THE FOUNDATION EXEMPT PURPOSE OF RECEIVING AND ADMINISTERING GIFTS OF PROPERTY FOR THE EDUCATIONAL AND CHARITABLE ADVANCEMENT OF GEORGIA COLLEGE & STATE UNIVERSITY. PART V, LINE 4: TO FUND SCHOLARSHIPS AND PROGRAMS AT GEORGIA COLLEGE & STATE UNIVERSITY. 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 CONSOLIDATED FINANCIAL STATEMENTS. BOBCAT BASH 58237 26827 31410 2263 19689 20389 SDDC GOVERNOR'S SUMMITT 38613 27257 11356 9693 227 3 15046 5447 9599 1220 2124 111896 59531 52365 2263 30602 22740 55605 -3240 1 GEORGIA COLLEGE & STATE UNIVERSITY 231 WEST HANCOCK STREET MILLEDGEVILLE GA 31061 586002064 1649569 0 TO PROVIDE SCHOLARSHIPS TO STUDENTS AND PROVIDE OTHER EDUCATIONAL SUPPORT TO THE UNIVERSITY. GEORGIA COLLEGE & STATE UNIVERSITY 231 WEST HANCOCK STREET MILLEDGEVILLE GA 31061 586002064 964020 26845 FMV ART AND HISTORIC FURNITURE TO PROVIDE OTHER SUPPORT TO UNIVERSITY GEORGIA COLLEGE & STATE UNIVERSITY ALUMNI ASSOCIATION INC CAMPUS BOX 96 MILLEDGEVILLE GA 31061 237194778 501(C)(3) 40000 0 TO PROVIDE FINANCIAL SUPPORT 2 0 PART I, LINE 2: THE FOUNDATION WORKS CLOSELY WITH ADMINISTRATORS OF GEORGIA COLLEGE & STATE UNIVERSITY AND PROVIDES FUNDING BASED ON UNIVERSITY NEEDS. SCHOLARSHIPS ARE AWARDED TO STUDENTS BASED ON APPLICATIONS RECEIVED AND CRITERIA FOR INDIVIDUAL SCHOLARSHIP. 0 0 0 0 0 0 0 0 0 CATHY COX TRUSTEE, PRESIDENT (GCSU) 0 309288 0 0 0 0 0 31878 0 14185 0 355351 0 0 B SETH WALKER EXECUTIVE DIRECTOR, VP UNIVERSITY AD 0 194180 0 0 0 0 0 20005 0 20181 0 234366 0 0 X 3 79175 FMV X 1 18495 FMV X MOBILE UNIT 1 60125 NET COST X ATHLETIC AUCTION ITEMS 26 17465 FMV 0 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTORS. FORM 990, PART V, LINE 2A AND 2B GEORGIA COLLEGE & STATE UNIVERSITY FOUNDATION, INC. UTILIZES THE FULL-TIME SERVICES OF SEVEN EMPLOYEES OF THE GEORGIA COLLEGE & STATE UNIVERSITY, A RELATED ENTITY. ADDITIONALLY TWO PART-TIME OFFICER POSITIONS ARE STAFFED BY EMPLOYEES OF THE GEORGIA COLLEGE & STATE UNIVERSITY. THE PART-TIME EMPLOYEES, AS OFFICERS, SPEND APPROXIMATELY 88 PERCENT OF THEIR TIME ON FOUNDATION BUSINESS WHILE THEIR FULL SALARIES ARE REPORTED IN FORM 990, PART VII COVERING THEIR PERIOD OF EMPLOYMENT. COMPENSATION IS PAID AND REPORTED, FOR TAX PURPOSES, BY THE UNIVERSITY UNDER EIN #58-6002064. THE VALUE OF UNIVERSITY-DONATED EMPLOYEE SERVICES FOR THE YEAR ENDED JUNE 30, 2025 WAS $683,691. FORM 990, PART VI, SECTION A, LINE 4 GCSU FOUNDATION, INC. BYLAWS WERE UPDATED OCTOBER 4, 2024. THE ORGANIZATION AMENDS THE BYLAWS FROM TIME TO TIME BY A MAJORITY VOTE OF THE BOARD, PROVIDED THE SUBJECT OF AMENDMENTS SHALL HAVE BEEN INCLUDED IN THE NOTICE OF THE MEETING. THE UPDATED BYLAWS CHANGED THE TERM LENGTH OF ELECTED TRUSTEES FROM FOUR YEARS TO THREE YEARS AND INTRODUCED THE LIMIT OF THREE CONSECUTIVE TERMS. OFFICER DUTIES WERE REVISED AND INCLUDE HIGHER MONETARY THRESHOLDS ($10,000 INSTEAD OF PREVIOUS $5,000) FOR TRIGGERING THE REQUIREMENT OF THE BOARD TREASURER'S SIGNATURE. THE UPDATED BYLAWS ALSO REESTABLISHED THE STANDING COMMITTEES OF THE FOUNDATION AS THE FOLLOWING: 1.) EXECUTIVE COMMITTEE, 2.) TRUSTEESHIP COMMITTEE, 3.) FINANCE, INVESTMENT, AND REAL PROPERTY COMMITTEE, 4.) PHILANTHROPY COMMITTEE, 5.) BOBCAT ATHLETIC ASSOCIATION/ATHLETICS COMMITTEE, 6.) AD HOC COMMITTEES, 7.) AUDIT COMMITTEE (AD HOC). FORM 990, PART VI, SECTION B, LINE 11B ALL BOARD MEMBERS HAVE AN OPPORTUNITY TO REVIEW, QUESTION AND COMMENT ON THE DRAFT 990 PRIOR TO FILING. THIS IS ACCOMPLISHED ELECTRONICALLY WITHOUT A FORMAL BOARD MEETING. UPON RESOLUTION OF ALL QUESTIONS AND CHANGES, FORM 990 IS SUBMITTED TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S BOARD OF TRUSTEES MUST SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, POLICIES AND FINANICAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 PART VII IN ADDITION TO BOARD TRUSTEES, THE ORGANIZATION'S BYLAWS ALSO PROVIDE FOR A NON-VOTING EX OFFICIO TRUSTEE CURRENTLY HELD BY SUSAN ALLEN. SUSAN IS VICE PRESIDENT OF FINANCE AND ADMINISTRATION FOR GEORGIA COLLEGE AND STATE UNIVERSITY. AS A NON-VOTING EX OFFICIO TRUSTEE SHE IS A MEMBER OF THE EXECUTIVE COMMITTEE OF THE BOARD AND A MEMBER OF AD-HOC COMMITTEES. FORM 990, PART XI, LINE 9: LOSS OF FULL BOND DEFEASANCE -528,000. FORM 990, PART XII, LINE 2C THE AUDIT COMMITTEE REVIEWS AND APPROVES THE AUDIT PRIOR TO ITS ISSUANCE. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. GC&SU FOUNDATION LLC II CAMPUS BOX 96 MILLEDGEVILLE GA 31061 REAL ESTATE OWNERSHIP/LEASING TO GA. COLLEGE & STATE UNIVERSITY GA 71937 0 GEORGIA COLLEGE & STATE UNIVERSITY FOUNDATION INC GC&SU FOUNDATION LLC IV CAMPUS BOX 96 MILLEDGEVILLE GA 31061 REAL ESTATE OWNERSHIP/LEASING TO GA. COLLEGE & STATE UNIVERSITY GA 21532 1298902 GEORGIA COLLEGE & STATE UNIVERSITY FOUNDATION INC GEORGIA COLLEGE & STATE UNIVERSITY ALUMNI ASSOC CAMPUS BOX 96 MILLEDGEVILLE GA 31061 237194778 ALUMNI ACTIVITIES GA 501(C)(3) LINE 5 1 GEORGIA COLLEGE & STATE UNIVERSITY 231 WEST HANCOCK STREET MILLEDGEVILLE GA 31061 586002064 EDUCATION GA 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 GEORGIA COLLEGE & STATE UNIVERSITY B 2465175 CASH GEORGIA COLLEGE & STATE UNIVERSITY B 175260 FMV