VALDOSTA STATE UNIVERSITY FOUNDATION INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
VALDOSTA STATE UNIVERSITY FOUNDATION INC (EIN 58-1582136)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-12-03
IRS object ID
202443389349300009
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-12-03T08:37:17-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN581224069PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Fowler Holley Rambo & Stalvey PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13208 Wildwood Plantation DriveAddressLine1Txt
CityValdostaCityNm
State AbbreviationGAStateAbbreviationCd
ZIP31605ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN581582136EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Valdosta State University Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlVALDBusinessNameControlTxt
Phone2293335939PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11500 N Patterson StreetAddressLine1Txt
CityValdostaCityNm
State AbbreviationGAStateAbbreviationCd
ZIP31698ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRick MunroePersonNm
Person TitleCEOPersonTitleTxt
Phone2293335939PhoneNum
Signature2024-12-03SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonC Wayne Rambo CPAPreparerPersonNm
PTINP01298902PTIN
Phone2292441559PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerRick MunroePrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11500 N Patterson StAddressLine1Txt
CityValdostaCityNm
State AbbreviationGAStateAbbreviationCd
ZIP31698ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$28,247,400GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.valdosta.edu/adv/fndWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1963FormationYr
Legal Domicile StateGALegalDomicileStateCd
Activity Or MissionThe Foundation exists to support development of educational excellence at Valdosta State University.ActivityOrMissionDesc
Voting Members Governing Body21VotingMembersGoverningBodyCnt
Voting Members Independent20VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$3,532,096PYContributionsGrantsAmt
CY Contributions Grants$3,203,336CYContributionsGrantsAmt
PY Program Service Revenue$575,567PYProgramServiceRevenueAmt
CY Program Service Revenue$495,175CYProgramServiceRevenueAmt
PY Investment Income-$277,300PYInvestmentIncomeAmt
CY Investment Income$2,217,004CYInvestmentIncomeAmt
PY Other Revenue$219,011PYOtherRevenueAmt
CY Other Revenue-$36,931CYOtherRevenueAmt
PY Total Revenue$4,049,374PYTotalRevenueAmt
CY Total Revenue$5,878,584CYTotalRevenueAmt
PY Grants And Similar Paid$1,448,435PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,322,251CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$8,844CYTotalFundraisingExpenseAmt
PY Other Expenses$4,252,405PYOtherExpensesAmt
CY Other Expenses$6,748,096CYOtherExpensesAmt
PY Total Expenses$5,700,840PYTotalExpensesAmt
CY Total Expenses$8,070,347CYTotalExpensesAmt
PY Revenues Less Expenses-$1,651,466PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$2,191,763CYRevenuesLessExpensesAmt
Total Assets BOY$65,880,581TotalAssetsBOYAmt
Total Assets EOY$68,424,530TotalAssetsEOYAmt
Total Liabilities BOY$1,014,976TotalLiabilitiesBOYAmt
Total Liabilities EOY$831,971TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$64,865,605NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$67,592,559NetAssetsOrFundBalancesEOYAmt
MissionThe Foundation exists to support development of educational excellence at Valdosta State University.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$6,507,441ExpenseAmt
Revenue$495,175RevenueAmt
DescThe Foundation's primary efforts are directed toward attracting, receiving, investing, managing, and expending gifts and other resources designated for the academic, artistic, athletic, teaching, research, and public service programs of the University.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$1,322,251ExpenseAmt
Grant$1,322,251GrantAmt
DescScholarships to students of Valdosta State University.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$7,829,692TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members21GoverningBodyVotingMembersCnt
Independent Voting Member20IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonRick MunroePersonNm
Phone2293335939PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11500 N Patterson StreetAddressLine1Txt
CityValdostaCityNm
State AbbreviationGAStateAbbreviationCd
ZIP31698ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
JERRY J JENNETT
TRUSTEE4.00Yes (X)$0$0$0
RICHARD CARVAJAL
TRUSTEE4.00Yes (X)$0$352,194$0
BILL COWART
TRUSTEE4.00Yes (X)$0$0$0
BUBBA HIGHSMITH
TRUSTEE4.00Yes (X)$0$0$0
TIM HARRIS
TRUSTEE4.00Yes (X)$0$0$0
TAMMY BORDERS
TRUSTEE4.00Yes (X)$0$0$0
ASHLEY BELL
TRUSTEE4.00Yes (X)$0$0$0
LYNN MORLEY
TRUSTEE4.00Yes (X)$0$0$0
JOE BROWNLEE
TRUSTEE4.00Yes (X)$0$0$0
ELIZABETH CLARK-MORRISON
TRUSTEE4.00Yes (X)$0$0$0
MARK REGISTER
TRUSTEE4.00Yes (X)$0$0$0
CORRINA ROBINSON
TRUSTEE4.00Yes (X)$0$0$0
ROBERT L SHANNON JR
TRUSTEE4.00Yes (X)$0$0$0
SONYA MERRIMAN
TRUSTEE4.00Yes (X)$0$0$0
BOB HAGAN
TRUSTEE4.00Yes (X)$0$0$0
CHUNLEI LIU
TRUSTEE4.00Yes (X)$0$0$0
TREY SHERWOOD
TRUSTEE4.00Yes (X)$0$0$0
MIKKI HUDSON WILLS
TRUSTEE4.00Yes (X)$0$0$0
AIMEE NICOLOSI
ACCOUNTING DIRECTOR40.00$0$0$0Yes (X)
A PARRISH CLARK JR
PAST-CHAIR8.00$0$0$0Yes (X)
DAVID A HIERS
CHAIR4.00$0$0$0Yes (X)
WADE COLEMAN
SECRETARY4.00$0$0$0Yes (X)
GREG MILLER
TREASURER4.00$0$0$0Yes (X)
RICK MUNROE
CEO40.00$0$51,500$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$403,694TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$3,203,336AllOtherContributionsAmt
Total Contributions$3,203,336TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
FEES900099$406,479$406,479
OTHER REVENUE900099$88,696$88,696
FieldValueIRS element (for citing)
Total Program Service Revenue$495,175TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,132,316TotalRevenueColumnAmt
Exclusion$2,132,316ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,713TotalRevenueColumnAmt
Exclusion$7,713ExclusionAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$44,644RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real-$44,644RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$44,644TotalRevenueColumnAmt
Exclusion-$44,644ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$22,408,860SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$22,324,172SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$84,688SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$84,688TotalRevenueColumnAmt
Exclusion$84,688ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,878,584TotalRevenueColumnAmt
Related Or Exempt Func Income$495,175RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$2,180,073ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$1,322,251TotalAmt
Program Services$1,322,251ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$2,730TotalAmt
Management And General$2,730ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$33,630TotalAmt
Management And General$33,630ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$303,015TotalAmt
Program Services$303,015ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$392,999TotalAmt
Program Services$362,404ProgramServicesAmt
Management And General$30,595ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$41,834TotalAmt
Program Services$41,834ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$41,118TotalAmt
Program Services$41,118ProgramServicesAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$15,783TotalAmt
Management And General$15,783ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$92,718TotalAmt
Program Services$92,718ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$80,068TotalAmt
Program Services$80,068ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$84,235TotalAmt
Program Services$84,235ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$24,147TotalAmt
Management And General$24,147ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$13,361TotalAmt
Management And General$13,361ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$111,565TotalAmt
Management And General$111,565ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtFundraisingFundraisingAmt
Payments to or on behal$4,489,863$4,489,863
Meals and entertainment$476,473$476,473
Supplies$252,675$243,831$8,844
Miscellaneous Other Exp$162,026$162,026

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$129,856TotalAmt
Program Services$129,856ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$8,070,347TotalAmt
Program Services$7,829,692ProgramServicesAmt
Management And General$231,811ManagementAndGeneralAmt
Fundraising$8,844FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$185,754BOYAmt
EOY$159,770EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,050,694BOYAmt
EOY$1,963,960EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,348,567BOYAmt
EOY$293,460EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$45,271BOYAmt
EOY$66,269EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$2,902,861LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$762,655LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$2,153,567BOYAmt
EOY$2,140,206EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$60,096,728BOYAmt
EOY$63,800,865EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$65,880,581BOYAmt
EOY$68,424,530EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$105,700BOYAmt
EOY$20,897EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$753,347BOYAmt
EOY$662,119EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$155,929BOYAmt
EOY$148,955EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,014,976BOYAmt
EOY$831,971EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,768,491BOYAmt
EOY$2,212,642EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$63,097,114BOYAmt
EOY$65,379,917EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$64,865,605BOYAmt
EOY$67,592,559EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$65,880,581BOYAmt
EOY$68,424,530EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$2,191,763ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$4,918,717NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
College OrganizationYes (X)CollegeOrganizationInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,665,369CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,440,244CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,051,722CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,532,096CurrentTaxYearMinus1YearAmt
Current Tax Year$3,203,336CurrentTaxYearAmt
Total$20,892,767TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,665,369CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,440,244CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,051,722CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,532,096CurrentTaxYearMinus1YearAmt
Current Tax Year$3,203,336CurrentTaxYearAmt
Total$20,892,767TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$5,221,472SubstantialContributorsTotAmt
Public Support Total170$15,671,295PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,199,320CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,583,712CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,542,700CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,575,934CurrentTaxYearMinus1YearAmt
Current Tax Year$2,132,316CurrentTaxYearAmt
Total$8,033,982TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$485,932CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$502,418CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$495,690CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$207,000CurrentTaxYearMinus1YearAmt
Total$1,691,040TotalAmt
FieldValueIRS element (for citing)
Total Support$30,617,789TotalSupportAmt
Gross Receipts Rltd Activities$2,761,813GrossReceiptsRltdActivitiesAmt
Public Support CY1700.51180PublicSupportCY170Pct
Public Support PY1700.49100PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtcInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$63,097,114BeginningYearBalanceAmt
Contributions$3,203,336ContributionsAmt
Investment Earnings Or Losses$7,916,276InvestmentEarningsOrLossesAmt
Other Expenditures$8,836,809OtherExpendituresAmt
End Year Balance$65,379,917EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$72,570,010BeginningYearBalanceAmt
Contributions$3,298,859ContributionsAmt
Investment Earnings Or Losses-$8,873,378InvestmentEarningsOrLossesAmt
Other Expenditures$3,898,377OtherExpendituresAmt
End Year Balance$63,097,114EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$62,523,959BeginningYearBalanceAmt
Contributions$4,572,684ContributionsAmt
Investment Earnings Or Losses$9,150,316InvestmentEarningsOrLossesAmt
Other Expenditures$3,676,949OtherExpendituresAmt
End Year Balance$72,570,010EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$57,396,498BeginningYearBalanceAmt
Contributions$2,273,790ContributionsAmt
Investment Earnings Or Losses$5,602,146InvestmentEarningsOrLossesAmt
Other Expenditures$2,748,475OtherExpendituresAmt
End Year Balance$62,523,959EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$46,598,705BeginningYearBalanceAmt
Contributions$6,530,809ContributionsAmt
Investment Earnings Or Losses$8,306,192InvestmentEarningsOrLossesAmt
Other Expenditures$4,039,208OtherExpendituresAmt
End Year Balance$57,396,498EndYearBalanceAmt
FieldValueIRS element (for citing)
Endowments Held Unrelated OrgYes (1)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,811,763OtherCostOrOtherBasisAmt
Book Value$1,811,763BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,029,034OtherCostOrOtherBasisAmt
Depreciation$702,650DepreciationAmt
Book Value$326,384BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$62,064OtherCostOrOtherBasisAmt
Depreciation$60,005DepreciationAmt
Book Value$2,059BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$2,140,206TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDue to VSU Alumni AssociationDesc
Amt$148,955Amt
FieldValueIRS element (for citing)
Total Liability$148,955TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$10,540,622TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$4,918,717NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$3,622DonatedServicesAndUseFcltsAmt
Other Revenue$44,644OtherRevenueAmt
Revenue Not Reported$4,966,983RevenueNotReportedAmt
Revenue Subtotal$5,573,639RevenueSubtotalAmt
Investment Expenses Not Incld$304,945InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$304,945RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$5,878,584TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$7,813,668TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$3,622DonatedServicesUseFcltsAmt
Other Expenses Included$44,644OtherExpensesIncludedAmt
Expenses Not Reported$48,266ExpensesNotReportedAmt
Expenses Subtotal$7,765,402ExpensesSubtotalAmt
Investment Expenses Not Incld2$304,945InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$304,945ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$8,070,347TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part X, Line 2:The Organization evaluates any income tax benefits generated from uncertain tax positions using a more-likely-than-not of being sustained upon examination analysis. If a tax benefit is not more-likely-than-not of being sustained upon examination, the Organization records a liability for the recognized income tax benefit. The Organization recognizes accrued interest associated with uncertain tax positions as part of interest expense and penalties associated with uncertain tax positions as part of other expenses. For the years ended December 31, 2023 and 2022, management believes there are no material amounts of uncertain tax positions. Additionally, there were no amounts of interest or penalties recognized in the statements of financial position as of December 31, 2023 and 2022 or the statements of activities for the years then ended. Further, all years subsequent to 2020 remain subject to examination by the IRS.
Part XI, Line 2d - Other Adjustments:Rental expenses
Part XII, Line 2d - Other Adjustments:Rental expenses
Part V, Line 4:The accumulation of funds allows the Foundation to follow it's mission to designate resources for the academic, artistic, athletic, teaching, research and public service programs of the University.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeScholarshipsGrantTypeTxt
Recipient530RecipientCnt
Cash Grant$1,322,251CashGrantAmt
Valuation Method UsedN/AValuationMethodUsedDesc
Non Cash AssistanceN/ANonCashAssistanceDesc

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonRICHARD CARVAJALPersonNm
TitleTRUSTEETitleTxt
Base Compensation Filing Org$0BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$352,194CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$0DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$0NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$0TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$352,194TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section B, line 11bAn officer reviews and signs Form 990; a copy of Form 990 is emailed to all trustees for review prior to filing.
Form 990, Part VI, Section B, line 12cThe organization regularly and consistently monitors and enforces compliance with its conflict-of-interest policy by annually reviewing and updating its policy as necessary, by requiring all new trustees, officers, directors and key employees to complete a written conflict-of-interest declaration, and by requiring all existing trustees, officers, directors and key employees to complete annual written conflict-of-interest declarations.
Form 990, Part VI, Section C, line 19Governing documents are made available for public inspection upon request.
Form 990, Part XII, Line 2C:No change in the audit oversight process or the independent auditor selection process during the current year.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1VALDOSTA STATE UNIVERSITYBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11500 N PATTERSON STAddressLine1Txt
CityVALDOSTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP31698ZIPCd
FieldValueIRS element (for citing)
EIN586002072EIN
Primary ActivitiesEDUCATIONPrimaryActivitiesTxt
Legal Domicile StateGALegalDomicileStateCd
Exempt Code Section170b1AExemptCodeSectionTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (1)TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1VALDOSTA STATE UNIVERSITYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeRTransactionTypeTxt
Involved$4,489,863InvolvedAmt
Method Of Amount DeterminationCOSTMethodOfAmountDeterminationTxt

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