2026-05-13T18:15:49+00:00 2025-06-30 580692043 Mauldin & Jenkins LLC 200 Galleria Parkway Suite 1700 Atlanta GA 30339 990 2024-07-01 237032763 Albany State University Foundation Inc ALBA 2295003289 504 College Drive Albany GA 31705 Gregory Hylick Board Chair 2295003289 2026-05-13 true Melissa Seward P02145103 7709558600 2026-05-13 2024 2025-03-06 01:10:19Z Gregory Hylick 504 College Drive Albany GA 31705 3933675 false X asurams.edu/university-operations/asu-foundation X 1969 GA To provide financial aid to students and financial support of Albany State University, its faculty, staff, research, and advancement of higher education. 13 12 0 12 0 1607521 3316949 0 0 388295 604376 1443 12350 1997259 3933675 690000 2611532 0 0 0 0 0 0 12608 217416 425992 907416 3037524 1089843 896151 10178685 11561234 15033 287979 10163652 11273255 The Albany State University Foundation, Inc. enhances the academic vision and priorities of ASU through its organized fundraising activities and funds management. The Foundation, a non-profit corporation, is governed by an elected Board of Trustees, whose members serve as advocates for the University and its colleges, schools and programs. Private support funds scholarships, eminent scholar chairs, professorships and the innovative programs that distinguish ASU as an exceptional institution. We know it is our generous donors who will sustain our tradition of academic excellence. false false 2878942 2611532 Received and managed funds provided to Albany State University to be used for financial assistance to qualified university students. 2878942 true true false false false false false false false true true false false false true true true false false false false false false false false false false true false true false false false false false false false false false false false false false false true true false false false false true 13 0 true 0 false false false false false true true false false false false false false X 13 12 false false false false false false false true false false true true true true true true true true true true false false GA X The Organization Albany State University 2295003279 504 College Drive Albany GA 31705 Bruce Melton Secretary 0.5 X X 0 0 0 Gregory Hylick Chairman 0.5 X X 0 0 0 Rachelle Scott Vice Chairman 0.5 X X 0 0 0 TaKeshia Thomas Treasurer 0.5 X X 0 0 0 Daniel Simmons Board Member 0.5 X 0 0 0 Graham Edwards Board Member 0.5 X 0 0 0 Lawrence Drake III Interim President of ASU 1.0 39.0 X 0 164233 26670 Maria Boynton Board Member 0.5 X 0 0 0 Marion Federick President of ASU, outgoing 1.0 39.0 X 0 182068 53448 Mark Johnson Board Member 0.5 X 0 0 0 Marvin Laster Board Member 0.5 X 0 0 0 Robert Scott President of ASU, incoming 1.0 39.0 X 0 0 0 Vinson Davis Board Member 0.5 X 0 0 0 Virgil Adams Board Member 0.5 X 0 0 0 Virginia Harris Board Member 0.5 X 0 0 0 Valerie Melton Executive Director 1.0 39.0 X 0 168500 35300 0 514801 115418 0 false true false The LandTek Group 105 Sweeneydale Avenue Bay Shore NY 11706 Turf Renovation 1678207 Artesian Contracting 420 W Roosevelt Ave Albany GA 31701 Project Management 127000 2 3316949 3316949 0 0 0 0 0 311034 311034 0 0 293342 293342 0 293342 293342 Misc Revenue 900099 12350 12350 0 0 0 0 12350 3933675 0 0 616726 2611532 2611532 0 0 20128 20128 54618 54618 4778 4778 51398 51398 0 0 180902 175741 5161 91659 19998 59053 12608 1450 145 1305 2408 2408 4338 4338 1910 1910 3405 3405 Dues & Subscriptions 8998 8998 0 0 0 0 3037524 2878942 145974 12608 4800111 5511002 369090 234224 0 0 0 0 0 3586 8950 8950 0 0 4722980 5525918 286504 286504 0 0 0 10178685 11561234 33 9042 0 0 15000 278937 15033 287979 X 2815685 3113910 7347967 8159345 10163652 11273255 10178685 11561234 896151 213452 0 X false true true false X X 1 Albany State University 580001996 6 true 771826 1839706 1 771826 1839706 true false false false false false false false false false false false false false false true true true X X true true Schedule A, Part IV, Section D, Line 3 Supp. Org. Have Significant Voice In Investment Policies The Foundation's supported organization (Albany 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: Albany State University employees are involved with the Foundation's daily operations; the deference the Foundation's board has to Albany State University's President and their cabinet regarding all matters; the presence of the President's and/or their emissaries at committee and board meetings where decisions are made; the fact that the President is a ex-officio trustee of the board and Vice President of Institutional Advancement is actively involved in both the Foundation and the University. Schedule A, Part IV, Section E, Line 1c The Organization Supported A Government Entity Explanation The Albany State University Foundation, Inc. supports Albany State University ("ASU"). ASU is a University in the State of Georgia University System and hence is a unit of government. Schedule A, Part IV, Section E, Line 2a Org. Activities Directly Further The Exempt Purposes All activities engaged in by the Foundation are for the benefit of the supported organization, Albany State University. The scholarships help students to attend and the academic programs enrich the other programs offered by the faculty; leasing operations provide the University's students with housing, parking, office, and dining spaces. Schedule A, Part IV, Section E, Line 2b Activities That One Or More Supp. Org. Engaged In Albany State University Foundation's Mission is to be an advocate for Albany 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, and classroom space to the University. All these activities are essential to the operations of Albany 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 5175885 133956 589153 23738 5875256 4519285 93938 582976 20314 5175885 4043047 147496 364181 35439 4519285 4114598 425122 -476726 19947 4043047 3275118 27244 819236 7000 4114598 0.171 0.5 0.329 false false 8950 8950 0 0 Federal Income Taxes Related party payable 278937 278937 X 4264267 213452 121918 0 335370 3928897 4778 0 4778 3933675 3154664 121918 0 121918 3032746 4778 0 4778 3037524 Schedule D, Part V, Line 4 Intended uses of endowment funds Provide a predictable stream of funding to programs supported by its endowment while seeking to maintain the historic dollar value of the endowment assets. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote 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. Campus Facilities I, LLC is treated as a single member LLC for federal and state income tax purposes. Since the Foundation is the sole member of this LLC, 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 financial statements. The Foundation files the Form 990 in the U.S. federal jurisdiction and the state of Georgia. true Albany State University 504 College Drive Albany GA 31705 580001996 GOV 771826 1839706 FMV University Facility Projects For University scholarship grants, general and athletic support 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds The only grant funds distributed went to our component unit Albany State University. All of the funds sent to ASU were substantiated by invoices from the Business Office. The University spends these funds on scholarships and supplies for the students, faculty, and staff. false false false false false false false false false Marion Federick President of ASU, outgoing 0 161468 0 0 0 20600 0 0 0 53448 0 235516 0 0 Lawrence Drake III Interim President of ASU 0 143633 0 0 0 20600 0 0 0 26670 0 190903 0 0 Valerie Melton Executive Director 0 168500 0 0 0 0 0 0 0 35300 0 203800 0 0 Form 990, Part VI, Line 15 The officers of the Foundation are state employees, and their compensation is based on what comparable positions pay at similar sector universities within the University System of Georgia. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body The organization documents the meeting held by each committee only to make recommendations to the board or executive committee for action. Form 990, Part VI, Line 11b Review of form 990 by governing body Board Members will review return before filing. Form 990, Part VI, Line 12c Conflict of interest policy Annually, the Foundation Board will complete and sign the Conflict of Interest Declaration and disclose any actual or potential conflict of interest. Form 990, Part VI, Line 19 Required documents available to the public Documents are available upon request to the Office of Institutional Advancement. Form 990, Part XII, Line 2c The organization has not made any changes to the oversight process. Campus Facilities I LLC 504 College Drive Albany GA 31705 Facility Management GA 0 0 ALBANY STATE UNIVERSITY FOUNDATION INC Albany State University 504 College Drive Albany GA 31705 580001996 Education GA 501(c)(1) Georgia Board of Regents false true true true true