2023-11-15T10:06:41-05:00 2023-06-30 582467226 REDDICK RIGGS HUNTER & COLSON PC POST OFFICE BOX 725 STATESBORO GA 30459 990 2022-07-01 300037158 GEORGIA SOUTHERN UNIVERSITY HOUSING FOUNDATION INC GEOR 9124787481 P O BOX 8103 STATESBORO GA 30460 ROBERT L WHITAKER ASSISTANT TREASURER 9124787481 2023-10-31 true ROBERT WHITAKE 999009999 true PATRICIA H HUNTER CPA P00366295 9127649843 2023-11-03 2022 2023-04-26 12:10:37Z KYLE MARRERO PO BOX 8033 STATESBORO GA 30460 10495716 false X NONE X 2003 GA THE FOUNDATION'S MISSION IS TO ACQUIRE, CONSTRUCT OR IMPROVE STUDENT HOUSING OR OTHER STUDENT FACILITIES FOR GEORGIA SOUTHERN UNIVERSITY, A PUBLIC UNIVERSITY. 8 5 0 0 0 9862056 9740160 511642 755556 0 10373698 10495716 578817 609651 0 0 0 0 8214812 8984739 8793629 9594390 1580069 901326 249175255 237400074 216138499 203238776 33036756 34161298 THE FOUNDATION'S MISSION IS TO ACQUIRE, CONSTRUCT OR IMPROVE STUDENT HOUSING OR OTHER STUDENT FACILITIES FOR GEORGIA SOUTHERN UNIVERSITY, A PUBLIC UNIVERSITY. false false 9424707 609651 9740160 TO ACQUIRE, CONSTRUCT OR IMPROVE STUDENT HOUSING FACILITIES OR OTHER STUDENT FACILITIES FOR GEORGIA SOUTHERN UNIVERSITY 9424707 true false false false false false false false false false true false false true true true false true false true true false false false false false false true false true true false false false false false false false false false false false false false false true true false true false true 2 0 0 false false false false false false false false false false false false false false X 8 5 false false false false false true true true true true false true true true true true true false false false GA X ROBERT L WHITAKER 9124787481 P O BOX 8103 STATESBORO GA 30459 KYLE MARRERO PRESIDENT 0.50 40.00 X X 0 470025 45622 ROBERT L WHITAKER ASSISTANT TR 4.00 40.00 X 0 197400 55217 TRIP ADDISON DIRECTOR 0.50 40.00 X 0 240248 39292 MAURA COPELAND SECRETARY 2.00 40.00 X 0 195929 39292 DANIEL PINYAN BOARD VICE-C 0.50 X X 0 0 0 CHAD WIGGINS BOARD CHAIR 0.50 X X 0 0 0 ROBERT F MIKELL DIRECTOR 0.50 X 0 0 0 RON STALNAKER TREASURER 0.50 40.00 X X 0 234400 62592 WALT HUGGINS DIRECTOR 0.50 0.00 X 0 0 0 AUDREY KING DIRECTOR 0.50 0.00 X 0 0 0 1338002 242015 false true false LEASE INTEREST INCOME 7790160 7790160 REPLACEMENT RESERVE INCOME 1699773 1699773 FACILITIES RENTAL 244001 244001 GAIN ON CAPITAL LEASE 6226 6226 9740160 594969 446726 148243 160587 36100 124487 10495716 10222986 272730 609651 609651 74471 74471 24 24 20145 20145 102913 94513 8400 6269754 6269754 12189 2247 9942 FACILITY REPAIRS/MAINT 2156316 2156316 AMORT OF BOND ISSUE COSTS 227775 227775 OTHER EXPENSES 121152 64427 56725 9594390 9424707 169683 0 2148747 3644284 35054487 33647898 206 274 3074518 2847885 1620000 2375987 1620000 5632985 6010430 200888325 189629303 249175255 237400074 3421335 3234002 50327 44101 209203271 198585330 3463566 1375343 216138499 203238776 X 33036756 34161298 33036756 34161298 249175255 237400074 X 901326 223215 1 X false true X true false X X 1 GEORGIA SOUTHERN UNIVERSITY GEORGIA SOUTHERN UNIVERSITY 586002059 2 true 9424707 0 1 9424707 0 true true false false false false false false false false false false false false false true false PART IV, SECTION A, LINE 2 RELATED ORGANIZATION IS A PUBLIC UNIVERSITY WHICH OPERATES UNDER THE SUPERVISION OF THE GEORGIA BOARD OF REGENTS FROM STATE APPROPRIATIONS, FEDERAL AND STATE GRANTS, AND TUITION AND FEES. 1620000 1620000 1620000 NET INVEST - DIRECT FINANCING LEASES 189379166 RIGHT OF USE ASSET 213621 ACCRUED INTEREST RECEIVABLE 36516 189629303 CONSTRUCTION CONTRACTS & COMMITMENTS 1161722 OPERATING LEASE PAYABLE 213621 1375343 X 10718932 223215 1 223216 10495716 10495716 9594391 1 1 9594390 9594390 SCHEDULE D, PAGE 3, PART X THE FOUNDATION IS A NOT-FOR-PROFIT CORPORATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3)OF THE INTERNAL REVENUE CODE. THE FOUNDATION ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS ON JANUARY 1, 2009. AS A RESULT OF THE IMPLEMENTATION, THE FOUNDATION EVALUATED ITS TAX POSITIONS AND DETERMINED IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2023. THE YEARS ENDED JUNE 30,2020 THROUGH 2023 ARE OPEN FOR POTENTIAL REVIEW AND ADJUSTMENT BY THE INTERNAL REVENUE SERVICE OR THE GEORGIA DEPARTMENT OF REVENUE UNDER THE STATUTE OF LIMITATIONS. THE ORGANIZATION HAS NO UNRELATED BUSINESS INCOME THAT COULD PRODUCE TAX LIABILITIES UNDER THE INTERNAL REVENUE CODE OR THE LAWS OF THE STATE OF GEORGIA. THEREFORE, NO TAX LIABILITY HAS BEEN REFLECTED IN THE FINANCIAL STATEMENTS. SCHEDULE D, PAGE 4, PART XI, LINE 2D ROUNDING 1 SCHEDULE D, PAGE 4, PART XII, LINE 2D ROUNDING 1 false EUROPE 1 PROGRAM SERVICES RENTAL - ED FACILITY 38000 1 1 38000 38000 false false false false false false SCHEDULE F, PAGE 1, PART I, LINE 3 EUROPE 38,000 0 SCHEDULE F, PAGE 5, PART V THE FOUNDATION LEASES EDUCATION FACILITIES, WHICH ARE SUBLEASED TO GEORGIA SOUTHERN UNIVERSITY. THE UNIVERSITY CONDUCTS EDUCATIONAL SERVICES ON THE SITE. false GEORGIA SOUTHERN UNIVERSITY P O BOX 8020 STATESBORO GA 30458 586002059 GOV 609651 STUDENT HOUSING GRNT false false false false false false false false false KYLE MARRERO PRESIDENT 461126 8899 28182 17440 515647 ROBERT L WHITAKER ASSISTANT TREASURER 193650 3750 38527 16690 252617 TRIP ADDISON DIRECTOR 236498 3750 21852 17440 279540 MAURA COPELAND SECRETARY 192129 3800 21852 17440 235221 RON STALNAKER TREASURER 230650 3750 45902 16690 296992 A DEVELOPMENT AUTHORITY OF BULLOCH CO 581538786 120335AT1 2012-08-22 28310054 CONSTRUCTION OF STUDENT DINING FACILITIES false false false B DEVELOPMENT AUTHORITY OF BULLOCH CO 581538786 12033RCD6 2012-12-06 31094925 REFUND 2002 SERIES BONDS WHICH WERE USED FOR CONSTRUCTION OF STUDENT FACILITIES false false false C DEVELOPMENT AUTHORITY OF BULLOCH CO 581538786 120334CJ4 2013-03-21 29283535 REFUND 2004 SERIES BONDS, WHICH WERE USED TO CONSTRUCT STUDENT FACILITIES false false false D 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PURPOSE OF ISSUE DESCRIPTION DEVELOPMENT AUTHORITY OF BULLOCH CO REFUND 2002 SERIES BONDS WHICH WERE USED FOR CONSTRUCTION OF STUDENT FACILITIES PURPOSE OF ISSUE DESCRIPTION DEVELOPMENT AUTHORITY OF BULLOCH CO REFUND 2004 SERIES BONDS, WHICH WERE USED TO CONSTRUCT STUDENT FACILITIES PURPOSE OF ISSUE DESCRIPTION DEVELOPMENT AUTHORITY OF BULLOCH CO REFUND 2005 SERIES BONDS, WHICH WERE USED TO CONSTRUCT STUDENT FACILITIES DATE REBATE COMPUTATION PERFORMED DEVELOPMENT AUTHORITY OF BULLOCH CO 08/22/22 DATE REBATE COMPUTATION PERFORMED DEVELOPMENT AUTHORITY OF BULLOCH CO 12/06/22 DATE REBATE COMPUTATION PERFORMED DEVELOPMENT AUTHORITY OF BULLOCH CO 03/21/23 DATE REBATE COMPUTATION PERFORMED DEVELOPMENT AUTHORITY OF BULLOCH CO 11/17/20 A DEVELOPMENT AUTHORITY OF BULLOCH CO 581538786 120334FK8 2017-08-15 56965485 REFUND SERIES 2008 BONDS, WHICH WERE USED TO CONSTRUCT STUDENT FACILITIES false false false B SAVANNAH ECONOMIC DEV AUTHORITY 586001588 80483CMG3 2015-09-30 16817298 REFUND SERIES 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29.600000000000 true false true C false false false true false false true MORGAN STANLEY 27.600000000000 true false true D false true false false false false false false true A true B true C true D true PURPOSE OF ISSUE DESCRIPTION DEVELOPMENT AUTHORITY OF BULLOCH CO REFUND SERIES 2008 BONDS, WHICH WERE USED TO CONSTRUCT STUDENT FACILITIES PURPOSE OF ISSUE DESCRIPTION SAVANNAH ECONOMIC DEV AUTHORITY REFUND SERIES 2005A BONDS, WHICH WERE USED TO PURCHASE AND RENOVATE PROFESSIONAL AND CONTINUING EDUCATION FACILITIES PURPOSE OF ISSUE DESCRIPTION SAVANNAH ECONOMIC DEV AUTHORITY REFUND SERIES 2009 BONDS, WHICH WERE USED TO ACQUIRE, RENOVATE AND IMPROVE STUDENT FACTILIES PURPOSE OF ISSUE DESCRIPTION DEVELOPMENT AUTHORITY OF BULLOCH CO PROCEEDS WERE USED FOR RENOVATION OF STUDENT HOUSING FACILITIES DATE REBATE COMPUTATION PERFORMED DEVELOPMENT AUTHORITY OF BULLOCH CO 08/15/22 DATE REBATE COMPUTATION PERFORMED SAVANNAH ECONOMIC DEV AUTHORITY 12/01/19 DATE REBATE COMPUTATION PERFORMED SAVANNAH ECONOMIC DEV AUTHORITY 06/15/21 A DEVELOPMENT AUTHORITY OF BULLOCH CO 581538786 120334JP3 2021-05-26 44525698 true false false A 1015000 44525698 590759 9947245 33987494 2022 true false true true A false false false false false false true A false true false false false false false false true A true FORM 990, PAGE 6, PART VI, LINE 7A THE PRESIDENT OF GEORGIA SOUTHERN UNIVERSITY (THE RELATED ORGANIZATION) HAS AUTHORITY TO APPOINT COMMUNITY MEMBERS FROM A SLATE OF NOMINEES PROPOSED BY A NOMINATING COMMITTEE CONSISTING OF FIVE COMMUNITY DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7B NOTICE TO AND CONCURRENCE OF THE BOARD OF REGENTS OR INSTITUTION IS REQUIRED FOR CHANGE OF NAME, CHANGE OF MISSION, OR CHANGE OF GOVERNANCE DOCUMENTS OR STRUCTURE OF THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 9 DANIEL PINYAN 1714 BULL STREET SAVANNAH, GA 31401-7437 CHAD WIGGINS 19368 HWY 80 WEST STATESBORO, GA 30461 ROBERT F. MIKELL 607 COTTONTAIL LANE STATESBORO, GA 30461 WALT HUGGINS 1612 WILLIAMS ROAD STATESBORO, GA 30458 AUDREY KING 25 BULL STREET SAVANNAH, GA 31401 FORM 990, PAGE 6, PART VI, LINE 11B THE TREASURER OR HIS DESIGNATED REPRESENTATIVE REVIEWS THE RETURN, WHICH IS THEN PRESENTED TO FULL BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 12C OFFICERS AND DIRECTORS ARE ANNUALLY REQUIRED TO SIGN A STATEMENT THAT WOULD IDENTIFY INTERESTS OR RELATIONSHIPS THAT COULD GIVE RISE TO A CONFLICT OF INTEREST. ANNUAL STATEMENTS ARE REVIEWED BY TREASURER AND SECRETARY FOR COMPLETENESS AND POTENTIAL CONFLICTS OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE GOVERNING BOARD, AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE EMMA.ORG WEBSITE. FORM 990, PART XI, LINE 9 ROUNDING 1 GSU HOUSING FOUNDATION I LLC P O BOX 8103 STATESBORO GA 30460 LEASE DE 968899 23906935 GSUHF INC GSU HOUSING FOUNDATION II LLC P O BOX 8103 STATESBORO GA 30460 LEASE DE 967089 19749155 GSUHF INC GSU HOUSING FOUNDATION III LLC P O BOX 8103 STATESBORO GA 30460 LEASE DE 922221 19946693 GSUHF INC GSU HOUSING FOUNDATION IV LLC P O BOX 8103 STATESBORO GA 30460 LEASE DE 1698092 42031006 GSUHF INC GSU HOUSING FOUNDATION V LLC P O BOX 8103 STATESBORO GA 30460 LEASE DE 2107476 44218511 GSUHF INC GSU HOUSING FOUNDATION VI LLC P O BOX 8103 STATESBORO GA 30460 LEASE DE 1263203 25015133 GSUHF INC GSU HOUSING FOUNDATION VII LLC P O BOX 8103 STATESBORO GA 30460 LEASE DE 772293 18111779 GSUHF INC ARMSTRONG CENTER LLC P O BOX 8103 STATESBORO GA 30460 LEASE GA 785606 12037605 GSUHF INC ASU STUDENT UNION LLC P O BOX 8103 STATESBORO GA 30460 LEASE GA 812147 19626623 GSUHF INC UNIVERSITY TERRACE LLC P O BOX 8103 STATESBORO GA 30460 LEASE GA N/A ASU CEDAR GROVE LLC P O BOX 8103 STATESBORO GA 30460 LEASE GA 12043 1421128 GSUHF INC GEORGIA SOUTHERN UNIVERSITY P O BOX 8020 STATESBORO GA 30460 586002059 UNIVERSITY GA GOV NA false false true false false false false false false false true true false true true true true true false false GEORGIA SOUTHERN UNIVERSITY B 609651 HOUSING GRANTS GEORGIA SOUTHERN UNIVERSITY J 20769239 LEASE AMORTIZATION SCHED GEORGIA SOUTHERN UNIVERSITY K 111 LAND LEASE AGREEMENT GEORGIA SOUTHERN UNIVERSITY M 74471 PROFESSIONAL SVCS - MGT GEORGIA SOUTHERN UNIVERSITY N INCLD IN PROF SVCS ABOVE GEORGIA SOUTHERN UNIVERSITY O INCLD IN PROF SVCS ABOVE GEORGIA SOUTHERN UNIVERSITY P 2243516 REIMB OF FACILITY REPAIRS GEORGIA SOUTHERN UNIVERSITY Q 1171598 REIMB OF FACILITY INSURAN