South Georgia State College Foundation Inc
- Assets
- $6.2m
- Revenue
- $916.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Douglas, GA
- Founding
- 03/1990
- Data as of
- 06/2022
- EIN
- 58-1282314
Organization Overview
South Georgia State College Foundation Inc is located in Douglas, GA. The organization was established in 1990. 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. South Georgia State College 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, South Georgia State College Foundation Inc generated $916.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $375.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (21.8%) per year over the past 7 years. 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 SOUTH GEORGIA STATE COLLEGE FOUNDATION, INC. IS TO HELP TRANSFORM AND ENHANCE THE LIVES OF OUR DIVERSE STUDENT POPULATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE SOUTH GEORGIA STATE COLLEGE FOUNDATION, INC. IS TO HELP TRANSFORM AND ENHANCE THE LIVES OF OUR DIVERSE STUDENT POPULATION BY PROVIDING EDUCATIONAL OPPORTUNITIES, FINANCIAL SUPPORT, AND ADVOCACY FOR OUR STUDENTS. BY GENERATING, PROCESSING, AND ALLOCATING GIFTS, THE FOUNDATION SUPPORTS EFFORTS THAT ENHANCE THE QUALITY OF PROGRAMS BY FUNDING SCHOLARSHIPS, NEW ACADEMIC INITIATIVES, TECHNOLOGY, ENDOWMENTS, FACULTY/STAFF DEVELOPMENT, ATHLETIC PROGRAMS, AND CAPITAL PROJECTS AT SGSC.
SCHOLARSHIP PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas H Smith Treasurer | Officer | 1 | $0 |
Keith Woodward Secretary | Officer | 0.5 | $0 |
Tracy Mcclelland Trustee | Officer | 1 | $0 |
Angie Osteen Trustee | Trustee | 0.5 | $0 |
Liz Grantham Trustee | Trustee | 0.5 | $0 |
Cathy Ricketson Trustee | Trustee | 0.5 | $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 | $486,022 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $486,022 |
| Total Program Service Revenue | $0 |
| Investment income | $430,674 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $916,696 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,000 |
| Grants and other assistance to domestic individuals. | $119,695 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,465 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $234,792 |
| Total functional expenses | $374,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $781,193 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,187 |
| 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 |
| Net Land, buildings, and equipment | $330,395 |
| Investments—publicly traded securities | $5,068,579 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,187,354 |
| Accounts payable and accrued expenses | $126,718 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $126,718 |
| Net assets without donor restrictions | $718,829 |
| Net assets with donor restrictions | $5,341,807 |
| 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 | $6,187,354 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that South Georgia State College Foundation Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Sahm Family Foundation Rancho Santa Fe, CA PURPOSE: GENERAL SUPPORT | $50,000 |
Endowment Analysis
| Beg. Balance | $4,891,421 |
| Net Contributions | $489,994 |
| Other Expense | $254,121 |
| Ending Balance | $5,127,294 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union University Jackson, TN | $193,669,100 | $103,290,604 |
Lenoir-Rhyne University Hickory, NC | $251,750,614 | $101,403,823 |
Trevecca Nazarene University Nashville, TN | $238,062,092 | $96,180,255 |
Bethune-Cookman University Daytona Beach, FL | $214,110,723 | $117,726,569 |
Birmingham-Southern College Birmingham, AL | $106,162,162 | $42,694,906 |
Flagler College Inc St Augustine, FL | $205,599,935 | $73,291,832 |
Oglethorpe University Inc Atlanta, GA | $134,446,425 | $78,800,641 |
Faulkner University Montgomery, AL | $101,589,206 | $70,137,760 |
Claflin University Orangeburg, SC | $159,550,066 | $90,488,927 |
Catawba College Salisbury, NC | $404,243,208 | $275,797,439 |
Oakwood University Inc Huntsville, AL | $115,223,075 | $64,178,393 |
Benedict College Columbia, SC | $122,453,279 | $61,010,211 |