Clayton State University Foundation Inc
- Assets
- $97.2m
- Revenue
- $15.7m
- Investments
- $11.5m
- Employees
- 0
- Location
- Morrow, GA
- Founding
- 11/1974
- Data as of
- 06/2022
- EIN
- 23-7419285
Organization Overview
Clayton State University Foundation Inc is located in Morrow, GA. The organization was established in 1974. 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. Clayton 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 06/2022, Clayton State University Foundation Inc generated $15.7m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 21.9% each year . All expenses for the organization totaled $6.8m during the year ending 06/2022. While expenses have increased by 13.9% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE CLAYTON STATE UNIVERSITY FOUNDATION IS TO ASSIST CLAYTON STATE UNIVERSITY BY ATTRACTING FINANCIAL AND OTHER RESOURCES TO ACHIEVE THE UNIVERSITY'S MISSION AND GOALS TO EDUCATE STUDENTS; SUPPORT FACULTY AND STAFF; AND TO INCREASE COMMUNITY AWARENESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRUSTEE MAKES FUNDS AVAILABLE FOR UNIVERSITY OFFICIALS USED TO ADVANCE THE INSTITUTION IN BOTH SERVICES AND PROGRAMS.
FOUNDATION PROGRAM REWARDS FOR FACULTY & STAFF OF CLAYTON STATE UNIVERSITY FOR EXTENDED TRAINING.
ANNUAL SPONSORSHIP OF STUDENT AWARDS, SCHOLARSHIPS, & HONORS PROGRAMS FOR STUDENTS OF CLAYTON STATE UNIVERSITY. SPECIFIC PROGRAM REQUIREMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen Mcswain Trustee | Trustee | 1 | $0 |
Randy Hayes Trustee | Trustee | 1 | $0 |
Joseph Uhl Trustee | Trustee | 1 | $0 |
Tim Crawford Trustee | Trustee | 1 | $0 |
Dr Feroze A Yusufji Trustee | Trustee | 1 | $0 |
Ken Palmer Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Addison Smith Mechanical Cont Renovation/construction | 6/29/22 | $190,979 |
Bount Construction Co Renovation/construction | 6/29/22 | $243,307 |
Eddies Group Renovation/construction | 6/29/22 | $484,480 |
Lsa Construction Group Renovation/construction | 6/29/22 | $202,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,747,504 |
| Investment income | $3,344,133 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,042,438 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,697,742 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $800,496 |
| 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 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 | $2,277 |
| Fees for services: Accounting | $29,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,762 |
| Fees for services: Other | $422,525 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,973 |
| Travel | $153,387 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,876,479 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $334,693 |
| Insurance | $4,068 |
| All other expenses | $0 |
| Total functional expenses | $6,755,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,704,331 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $367,004 |
| Accounts receivable, net | $0 |
| 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 | $2,502 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,484,739 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $80,660,054 |
| Total assets | $97,218,630 |
| Accounts payable and accrued expenses | $1,684,336 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $67,767,093 |
| 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 | $1,710,751 |
| Total liabilities | $71,162,180 |
| Net assets without donor restrictions | $8,161,286 |
| Net assets with donor restrictions | $17,895,164 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $26,056,450 |