Georgia Military College Foundation Inc
- Assets
- $51.3m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 2
- Location
- Milledgeville, GA
- Founding
- 07/1959
- Data as of
- 06/2024
- EIN
- 58-6943613
Organization Overview
Georgia Military College Foundation Inc is located in Milledgeville, GA. The organization was established in 1959. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2024, Georgia Military College Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia Military 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 06/2024, Georgia Military College Foundation Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $2.3m during the year ending 06/2024. While expenses have increased by 16.0% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION SUPPORTS GEORGIA MILITARY COLLEGE BY RAISING FUNDS, IMPROVING FACILITIES AND MANAGING ENDOWMENT FUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SUPPORTS GEORGIA MILITARY COLLEGE BY RAISING FUNDS, IMPROVING FACILITIES, PROVIDING PROGRAM SUPPORT AND MANAGING ENDOWMENT FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Simmons Executive Director | OfficerTrustee | 40 | $101,479 |
David Grant Chair Of The Foundation | OfficerTrustee | 1 | $0 |
Barbara Rion Vice Chair And Chair Of The Foundation | OfficerTrustee | 1 | $0 |
Teri White Chairperson, Treasurer | OfficerTrustee | 1 | $0 |
William B Caldwell IV Gmc President | OfficerTrustee | 1 | $0 |
Shawn Allen 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 | $2,179,721 |
| Noncash contributions included in lines 1a–1f | $4,785 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,179,721 |
| Total Program Service Revenue | $0 |
| Investment income | $1,015,309 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,718 |
| Net Gain/Loss on Asset Sales | $306,130 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,508,878 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,078,123 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $24,327 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $114,696 |
| Fees for services: Other | $2,000 |
| Advertising and promotion | $0 |
| Office expenses | $15,535 |
| Information technology | $55,103 |
| Royalties | $0 |
| Occupancy | $4,391 |
| Travel | $59 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,233 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,952 |
| All other expenses | $0 |
| Total functional expenses | $2,324,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,721,438 |
| Savings and temporary cash investments | $85,103 |
| Pledges and grants receivable | $850,337 |
| 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 |
| Net Land, buildings, and equipment | $2,770,893 |
| Investments—publicly traded securities | $43,017,737 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,872,555 |
| Total assets | $51,318,063 |
| Accounts payable and accrued expenses | $22,093 |
| 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 | $2,846,366 |
| Total liabilities | $2,868,459 |
| Net assets without donor restrictions | $9,885,937 |
| Net assets with donor restrictions | $38,563,667 |
| 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 | $51,318,063 |