Middle Georgia State University Foundation Inc
- Assets
- $25.0m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Macon, GA
- Founding
- 04/1970
- Data as of
- 12/2023
- EIN
- 23-7066010
Organization Overview
Middle Georgia State University Foundation Inc is located in Macon, GA. The organization was established in 1970. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Middle Georgia State University Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Middle Georgia State University Foundation Inc generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 1.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MIDDLE GEORGIA STATE UNIVERSITY FOUNDATION STRIVES TO IMPROVE THE LIVES OF PEOPLE IN CENTRAL GEORGIA BY ENABLING MIDDLE GEORGIA STATE UNIVERSITY TO ACHIEVE EXTRAORDINARY RESULTS. THE FOUNDATION PROVIDES RESOURCES TO THE UNIVERSITY AND ITS STUDENTS THAT ENHANCE THE EDUCATIONAL EXPERIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MIDDLE GEORGIA STATE UNIVERSITY FOUNDATION PROVIDED 372 SCHOLARSHIPS TO STUDENTS IN THE MIDDLE GEORGIA AREA DURING THE CALENDAR YEAR 2023.
MIDDLE GEORGIA STATE UNIVERSITY FOUNDATION PROVIDES RESOURCES THAT HELP MIDDLE GEORGIA STATE UNIVERSITY ACHIEVE ITS GOALS AND ENHANCE THE EDUCATIONAL EXPERIENCE FOR ITS STUDENTS. THESE RESOURCES ASSIST THE UNIVERSITY BY ENHANCING ACADEMIC PROGRAMS, SUPPORTING FACULTY DEVELOPMENT ACTIVITIES AND INITIATIVES, ACQUIRING NEEDED EQUIPMENT AND RESOURCES, AND CONNECTING THE UNIVERSITY TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Christopher Blake Mga Presiden | Trustee | 40 | $0 |
Amanda Funches Mga Evp Of F | Trustee | 40 | $0 |
Julie Davis Executive Di | OfficerTrustee | 40 | $0 |
Dr Lorraine Dubuisson Trustee | Trustee | 40 | $0 |
Keisha Fields Trustee | Trustee | 40 | $0 |
Stephen Adams Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,830,588 |
| Noncash contributions included in lines 1a–1f | $42,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,830,588 |
| Total Program Service Revenue | $532,751 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $157,569 |
| Net Income from Fundraising Events | $129,113 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,684,956 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $424,325 |
| Grants and other assistance to domestic individuals. | $310,561 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $86,046 |
| Fees for services: Other | $129,628 |
| Advertising and promotion | $0 |
| Office expenses | $103,639 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,967 |
| Travel | $28,231 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,718 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,237 |
| All other expenses | $22,595 |
| Total functional expenses | $1,397,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,133,595 |
| Savings and temporary cash investments | $490,765 |
| Pledges and grants receivable | $3,458,490 |
| Accounts receivable, net | $1,643 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,249 |
| Net Land, buildings, and equipment | $182,799 |
| Investments—publicly traded securities | $19,597,572 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $83,722 |
| Total assets | $24,968,835 |
| Accounts payable and accrued expenses | $198,152 |
| Grants payable | $150,862 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $150,587 |
| Total liabilities | $499,601 |
| Net assets without donor restrictions | $1,172,141 |
| Net assets with donor restrictions | $23,297,093 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $24,968,835 |