2024-12-09T09:22:54-05:00 2024-06-30 581484212 HOWARD MOORE & MCDUFFIE PC PO BOX 4547 MACON GA 31208 990 2023-07-01 237356941 MIDDLE GEORGIA STATE UNIVERSITY REAL ESTATE FOUNDATION INC MIDD 4787572500 100 UNIVERSITY PARKWAY MACON GA 31206 AMANDA FUNCHES MGA EVP 4784712732 2024-12-04 true true JAY A SIEGELMAN P00536306 4787425317 2024-12-09 2023 2024-10-15 13:58:12Z FOUNDATION INC AMANDA FUNCHES 100 UNIVERSITY PARKWAY MACON GA 31206 11041893 false X N/A X 1973 GA TO PROVIDE SUPPORT TO MIDDLE GEORGIA STATE UNIVERSITY BY ACQUIRING, DEVELOPING, AND MAINTAINING LAND AND/OR FACILITIES FOR THE BENEFIT OF THE UNIVERSITY. 5 4 0 0 98126 2792748 1615236 150568 23483 48 2943316 1736893 0 0 0 0 0 1451759 1366785 1451759 1366785 1491557 370108 39828262 49833573 29202127 38825087 10626135 11008486 TO PROVIDE SUPPORT TO MIDDLE GEORGIA STATE UNIVERSITY BY ACQUIRING, DEVELOPING AND MAINTAINING LAND AND/OR FACILITIES FOR THE BENEFIT OF THE UNIVERSITY. false false 1341578 1713410 THE FOUNDATION RECEIVED LEASE FUNDING AND RETIRED 950,000 OF BOND DEBT RELATED TO THE ACQUISITION AND CONSTRUCTION OF A STUDENT HOUSING COMPLEX AND A STUDENT WELLNESS AND RECREATION CENTER. 1341578 true true false false false false false false false false true true true false false true true true false false false false false false false false false false false true true false false false false false false false false false false false false false false true true true true true false true 0 0 0 false false false false false false false false false false false false X 5 4 false false false false false true false true true false false true true true true false false true false false GA X SHANE ALLEN 4787572500 100 UNIVERSITY PARKWAY MACON GA 31206 CHRISTOPHER BLAKE MGA PRESIDEN 2.00 40.00 X 0 308290 77096 AMANDA FUNCHES MGA EVP 2.00 40.00 X 0 176250 12000 JULIE DAVIS MGA FDN INTE 2.00 40.00 X 0 94599 12691 DWIGHT JONES SECRETARY/TR 2.00 X X 0 0 0 ROBERT HATCHER JR MGA FOUNDATI 2.00 X 0 0 0 RONNIE ROLLINS TRUSTEE 2.00 X 0 0 0 CHARLES E PARKER SR CHAIRMAN 2.00 X X 0 0 0 NANCY WHITE MGA VP OF UN 2.00 40.00 X 0 0 0 579139 101787 false true false 98126 98126 FINANCE LEASE INTEREST INCOME 531110 1450237 1450237 RENTAL INCOME 531190 164999 164999 1615236 350423 350423 8978060 9305000 -326940 -326940 -326940 OTHER INCOME 900099 48 48 48 1736893 -326892 1965659 20280 20280 19291 19291 1068674 1068674 153349 153349 101051 98126 2925 TAXES 1963 1963 SUPPLIES 1937 1937 MISCELLANEOUS 240 175 65 1366785 1341578 25207 0 410186 490624 10707584 302406 3708331 10405178 6539886 10314161 29169859 28623610 39828262 49833573 685138 1902915 375 375 28516614 36921797 29202127 38825087 X 10626135 11008486 10626135 11008486 39828262 49833573 370108 12243 X false true X true false X X X 1 MIDDLE GEORGIA STATE UNIVERSITY INC MIDDLE GEORGIA STATE UNIVERSITY INC 581028275 6 true 1366785 0 1 1366785 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 901385 901385 9806199 302406 9503793 10405178 SHORT -TERM TREASURY FUNDS 9248430 F POOLED FIXED INCOME FUND 1065731 F 10314161 INVESTMENT IN DIRECT FINANCING LEASE 28623610 C 28623610 X 1749136 12243 12243 1736893 1736893 1366785 1366785 1366785 SCHEDULE D, PAGE 3, PART X THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THERE WAS NO SUCH INCOME FOR THE YEARS ENDED JUNE 30, 2024 AND 2023. IN ADDITION, THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(3). THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX PROVISIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FOUNDATION IS THE SOLE OWNER OF EACH LLC SUBSIDIARY. THESE LLCS ARE TREATED AS DISREGARDED ENTITIES FOR FEDERAL INCOME TAX PURPOSE. CONSEQUENTLY, ALL INCOME AND LOSS OF THE LLCS ARE PASSED THROUGH TO THE FOUNDATION. false false false false false false false false false CHRISTOPHER BLAKE MGA PRESIDENT 308290 57500 19596 385386 AMANDA FUNCHES MGA EVP 176250 12000 188250 SCHEDULE J, PAGE 1, PART I, LINE 3 COMPENSATION OF EXECUTIVE DIRECTOR AND MGSU PRESIDENT IS REVIEWED ANNUALLY FOR APPROVAL PER UNIVERSITY SYSTEM OF GEORGIA GUIDELINES. A DEVELOPMENT AUTHORITY OF BIBB COUNT 581445945 08869FEY1 2012-12-18 24339409 TO CONSTRUCT A STUDENT RECREATION AND WELLNESS CENTER ON THE MACON CAMPUS OF MIDDLE GEORGIA STATE CO false false false B DEVELOPMENT AUTHORITY OF BIBB COUNT 581445945 08869FGN3 2024-02-21 18792341 TO DEFEASE 2011 BOND ISSUE AND PROVIDE FUNDING FOR STUDENT HOUSING RENOVATIONS ON THE CAMPUS OF MIDD false false false A 4770000 24339409 707531 277413 266280 23059704 28481 2014 false false true true B 18792341 4222717 246425 8725966 375000 9691375 2024 true false true true A true false false false false false true B true false false false false false true A false false false true true false false false true B false false false true true false false false false A false B false PURPOSE OF ISSUE DESCRIPTION DEVELOPMENT AUTHORITY OF BIBB COUNTY TO CONSTRUCT A STUDENT RECREATION AND WELLNESS CENTER ON THE MACON CAMPUS OF MIDDLE GEORGIA STATE COLLEGE. PURPOSE OF ISSUE DESCRIPTION DEVELOPMENT AUTHORITY OF BIBB COUNTY TO DEFEASE 2011 BOND ISSUE AND PROVIDE FUNDING FOR STUDENT HOUSING RENOVATIONS ON THE CAMPUS OF MIDDLE GEORGIA STATE UNIVERSITY. DATE REBATE COMPUTATION PERFORMED DEVELOPMENT AUTHORITY OF BIBB COUNTY 06/30/24 DATE REBATE COMPUTATION PERFORMED DEVELOPMENT AUTHORITY OF BIBB COUNTY 06/30/24 FORM 990, PAGE 6, PART VI, LINE 7A THE BYLAWS OF THE ORGANIZATION STATE THAT THE PRESIDENT OF MIDDLE GEORGIA STATE UNIVERSITY IS A MEMBER OF THE BOARD OF DIRECTORS AND CAN APPOINT OR ELECT ALL BUT ONE OF THE OTHER SIX MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 11B A DRAFT COPY OF THE 990 IS DISTRIBUTED TO THE GOVERNING BODY FOR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C THE FOLLOWING PROCEDURES ARE USED BY THE FOUNDATION TO REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE ITS CONFLICT OF INTEREST POLICY: 1. EACH RESPONSIBLE PERSON (NEW OFFICER, EMPLOYEE, OR MEMBER OF THE BOARD OF DIRECTORS) SHALL BE REQUIRED TO REVIEW A COPY OF THE POLICY AND TO ACKNOWLEDGE IN WRITING THAT HE OR SHE HAS DONE SO. 2. EACH RESPONSIBLE PERSON SHALL COMPLETE A DISCLOSURE FORM ANNUALLY IDENTIFYING ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES IN WHICH THE RESPONSIBLE PERSON IS INVOLVED, THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST. SUCH RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES MIGHT INCLUDE SERVICE AS A DIRECTOR OF OR CONSULTANT TO A NOT-FOR-PROFIT ORGANIZATION, OR OWNERSHIP OF A BUSINESS THAT MIGHT PROVIDE GOODS OR SERVICES TO THE FOUNDATION. ANY SUCH INFORMATION REGARDING BUSINESS INTERESTS OF A RESPONSIBLE PERSON OR A FAMILY MEMBER SHALL BE TREATED AS CONFIDENTIAL AND SHALL GENERALLY BE MADE AVAILABLE ONLY TO THE CHAIR AND ANY COMMITTEE APPOINTED TO ADDRESS CONFLICTS OF INTEREST, EXCEPT TO THE EXTENT ADDITIONAL DISCLOSURE IS NECESSARY IN CONNECTION WITH THE IMPLEMENTATION OF THIS POLICY. 3. THIS POLICY SHALL BE REVIEWED ANNUALLY BY EACH MEMBER OF THE BOARD OF DIRECTORS. ANY CHANGES TO THE POLICY SHALL BE COMMUNICATED IMMEDIATELY TO ALL RESPONSIBLE PERSONS. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION OF CFO AND MGSU PRESIDENT IS REVIEWED ANNUALLY FOR APPROVAL PER UNIVERSITY SYSTEM OF GEORGIA GUIDELINES. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. MSC FDN REAL ESTATE LLC 100 UNIVERSITY PARKWAY MACON GA 31206 PROP MGT GA 619779 26739255 N/A MSC FDN REAL ESTATE II LLC 100 UNIVERSITY PARKWAY MACON GA 31206 PROP MGT GA 1065993 20638954 N/A MIDDLE GEORGIA STATE UNIVERSITY 100 UNIVERSITY PARKWAY MACON GA 31206 581028275 EDUCATION GA 115 2 N/A false false false false false false false false false false true false false false false false false false false false MIDDLE GEORGIA STATE UNIVERSITY J 2402229 CASH RECEIVED