The Polytechnic Foundation of KSU Inc
- Assets
- $34.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Kennesaw, GA
- Founding
- Data as of
- 06/2016
- EIN
- 58-1274394
Organization Overview
The Polytechnic Foundation of KSU Inc is located in Kennesaw, GA. Polytechnic Foundation of KSU Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE HIGHER EDUCATION, EXPAND EDUCATIONAL OPPORTUNITIES, ACQUIRE AND INVEST GIFTS DEVOTED TO THE DIVERSE MISSION OF THE COLLEGES AND PROGRAMS AT THE MARIETTA CAMPUS OF KENNESAW STATE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEASING OPERATIONS TO THE MARIETTA CAMPUS OF KENNESAW STATE UNIVERSITY SO THE UNIVERSITY CAN PROVIDE HOUSING FOR STUDENTS ON CAMPUS. THIS PROVIDES HOUSING FOR 1,100 STUDENTS.
TO ADD QUALITY AND VALUE TO THE UNIVERSITY EXPERIENCE THROUGH INSTITUTIONAL SUPPORT INCLUDING ATHLETICS, ALUMNI RELATIONS, SPECIAL PROGRAMS AND STUDENT PROJECTS.
TO PROVIDE CURRENT STUDENTS WITH ACADEMIC SCHOLARSHIPS. TO DEVELOP COMMUNITY SUPPORT OF THE UNIVERSITY THROUGH ON CAMPUS COMPETITONS AND PUBLIC SERVICE EVENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Davidson Immediate Past Chair | OfficerTrustee | 3 | $0 |
Julie Kimball Vice Chair | OfficerTrustee | 3 | $0 |
Clark Hungerford Treasurer, Board Of Truste | OfficerTrustee | 3 | $0 |
Trenton Turk Chair | OfficerTrustee | 3 | $0 |
Walter H Bryant Secretary | OfficerTrustee | 1 | $0 |
Mike Harders Executive Director | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $744,216 |
| Investment income | $108,744 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $62,325 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,993,062 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $246,438 |
| 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 | $0 |
| Fees for services: Accounting | $788 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,848 |
| Fees for services: Other | $115,041 |
| Advertising and promotion | $0 |
| Office expenses | $1,751 |
| Information technology | $4,499 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,529 |
| Interest | $641,457 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,111 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,394,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $841,073 |
| Savings and temporary cash investments | $20,225 |
| Pledges and grants receivable | $225,047 |
| 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 | $0 |
| Investments—publicly traded securities | $8,921,172 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,027,406 |
| Total assets | $34,228,562 |
| Accounts payable and accrued expenses | $367 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $23,533,397 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $861,822 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,775,232 |
| Total liabilities | $26,170,818 |
| Net assets without donor restrictions | $2,195,150 |
| Net assets with donor restrictions | $2,178,631 |
| Capital stock or trust principal, or current funds | $3,683,963 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $8,057,744 |
Grants Awarded
Over the last fiscal year, The Polytechnic Foundation of KSU Inc has awarded $214,416 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KENNESAW STATE UNIVERSITY PURPOSE: Academic Support | $180,087 |
KENNESAW STATE UNIVERSITY PURPOSE: Institutional Support | $34,329 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Polytechnic Foundation of KSU Inc has recieved totaling $3,150.
| Awarding Organization | Amount |
|---|---|
Cooper Carry Charitable Foundation Inc Atlanta, GA PURPOSE: EDUCATIONAL | $3,000 |
Southern Company Charitable Foundation Inc Atlanta, GA PURPOSE: MATCHING GIFT | $150 |
Endowment Analysis
| Beg. Balance | $4,871,125 |
| Earnings | -$19,962 |
| Net Contributions | $248,810 |
| Other Expense | $184,299 |
| Ending Balance | $4,915,674 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Camber Foundation Durham, NC | $143,536,160 | $30,406,277 |
Affinity Health Center Rock Hill, SC | $21,220,850 | $20,654,145 |
Senior Total Life Care Gastonia, NC | $7,534,285 | $22,491,131 |
Latin Academy Of Recording Arts & Sciences Inc Miami, FL | $39,115,078 | $23,723,068 |
Rush Care Inc Meridian, MS | $36,015,536 | $16,929,322 |
Duke Integrated Network Inc Durham, NC | $2,381,377 | $12,476,427 |
National Save The Sea Turtle Foundation Inc Fort Lauderdale, FL | $31,698,060 | $38,580,626 |
Sunrise 2000 Inc Miami, FL | $2,498,890 | $23,255,068 |
Coahoma Electric Power Assn Lyon, MS | $50,480,063 | $20,605,799 |
Montgomery Community Action Committee Montgomery, AL | $13,253,001 | $19,355,950 |