2020-11-12T14:55:05-06:00 2020-06-30 580692043 Mauldin & Jenkins LLC 200 Galleria Pkwy SE Ste 1700 Atlanta GA 303395946 990 2019-07-01 237032763 Albany State University Foundation Inc ALBA 2295003289 504 College Drive Albany GA 31705 A L Fleming Executive Director 2295003286 2020-11-11 1 Mary Jo Alexander P00002534 7709558600 2020-11-11 50.192.51.169 2020-11-11 10:06:08 ES P 1D80EF4C2A8753E0332C9BC6492B45673CE6356A 3223CBB0B4B3F3977D23D6F01B939DB85C735CCC 2019 2021-01-29 14:40:06Z A L Fleming 504 College Drive Albany GA 31705 3230943 0 X N/A X 1969 GA To provide financial aid to students and financial support of Albany State University, its faculty, staff, research, and advancment of higher educaiton. 14 12 0 20 0 0 935390 799371 3881256 2298618 485113 105592 136376 16114 5438135 3219695 2101617 520961 0 0 0 0 0 0 68521 4394577 2439429 6496194 2960390 -1058059 259305 47282655 46424761 39040808 37963319 8241847 8461442 X The Albany State University Foundation, Inc. enhances the academic vision and priorities of ASU through its organized fundraising activities and funds management. The Foundation, a non-profit corporation, is governed by an elected Board of Trustees, whose members serve as advocates for the University and its colleges, schools and programs.Private support funds scholarships, eminent scholar chairs, professorships and the innovative programs that distinguish ASU as an exceptional institution. We know it is our generous donors who will sustain our tradition of academic excellence. 0 0 2284443 209744 2298618 The Foundation's leasing operations consist of leasing real estate with Albany State University and Board of Regents for the operation and management of student housing facilities and a student center facility, located on the East campus, under a direct financing-type lease. 329425 311217 Received and managed funds provided to Albany State University to be used for financial assistance to qualified university students. 2613868 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 X 30 0 1 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 X 14 12 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 1 1 1 1 1 0 GA X Stan Brown 2295003279 Albany State University 504 College Albany GA 31705 Marion Federick President ASU 1.00 40.00 X X 0 285394 0 Gregory Hylick Chairman 1.00 X X 0 0 0 Graham Edwards Vice Chairman 1.00 X X 0 0 0 Rachelle Scott Treasurer 1.00 X X 0 0 0 Bruce Melton Secretary 1.00 X X 0 0 0 William Johnson Board Member 1.00 X 0 0 0 Gregory Daniels Board Member 1.00 X 0 0 0 James Griffin Board Member 1.00 X 0 0 0 TaKeshia Thomas Board Member 1.00 X 0 0 0 Daniel Simmons Board Member 1.00 X 0 0 0 Carolyn Jernigan-Glenn Board Member 1.00 X 0 0 0 Virginia Harris Board Member 1.00 X 0 0 0 Marvin Laster Board Member 1.00 X 0 0 0 Dale Bell Board Member 1.00 X 0 0 0 A L Fleming Executive Director 20.00 X X 0 139701 0 Stan Brown CFO 40.00 X 0 72929 0 0 498024 0 0 0 1 0 Nelson Mullins Riley & Scarborough PO Drawer 11009 Columbia SC 29211 Legal Services 151030 1 5125 794246 799371 Interest income on dir 900099 2090943 2090943 Rental Income 532000 207675 207675 2298618 116840 116840 11248 -11248 -11248 -11248 Misc Revenue 900099 16114 16114 16114 3219695 2298618 0 121706 520961 520961 100201 61617 38584 45532 45532 3569 3569 480 336 144 163513 58331 57397 47785 102951 71126 16366 15459 76718 7672 69046 2258 2258 2538 1235 1303 13541 8264 5277 1816095 1816095 2086 2086 Repairs & Maintenance 70166 70166 Printing 36121 6329 29792 Dues & Subscriptions 3146 3146 Other operating expense 514 514 2960390 2613868 278001 68521 3450524 3257525 5929994 6043638 191084 255424 7500 8950 8950 0 0 2552453 2614545 470000 470000 34681100 33783629 47282655 46424761 984116 976320 38034862 36974632 21830 12367 39040808 37963319 X 5002634 4867958 3239213 3593484 8241847 8461442 47282655 46424761 259305 -39710 0 X X 0 1 X 1 0 X X 1 Albany State University 580001996 6 1 520961 0 1 520961 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X X 1 1 Part IV, Section E, Line 1c: The Albany State University Foundation, Inc. supports Albany State University ("ASU"). ASU is a university in the the state of Georgia university system and hence is a unit of govenment. Part IV, Section E, Line 2B: Albany State University Foundation's Mission is to be an advocate for Albany State University (the "University") and to receive, invest, account for, and allocate private gifts and contributions in support of the University. The Foundation provides student housing, parking, and leases administrative, dining, and classroom space to the University. All these activities are essential to the operations of Albany State University. If the Foundation did not conduct these activities, another organization, or the University itself, would have to manage such activities and properties. Part IV, Section E, Line 2A: All activities engaged in by the Foundation are for the benefit of the supported organization, Albany State University. The scholarships helped students to attend, the academic programs enrich the programs offered by the faculty; the leasing operations provide the University's students with housing, parking, office, and dining. Part IV, Section D, Line 3: The Foundation's supported organization (Albany State University) has a significant voice in the investment policies and the use of income and assets of the Foundation throughout the year. This is evidenced by the following facts: Albany State University employees are involved with the Foundation's daily operations; the deference the Foundation's board has to Albany State University's President and their cabinet regarding all matters; the presence of the President's and/or their emissaries at committee and board meetings where decisions are made; the fact that the President is a ex-officio trustee of the board and Vice President of Institutional Advancement is actively involved in both the Foundation and the University. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3208596 67362 13699 14539 3275118 2342135 714560 158970 7069 3208596 2018819 273406 130286 80376 2342135 1800312 79679 138828 2018819 2121544 12731 -41961 1900 13924 31522 2044938 0.25000 0.75000 0.00000 0 0 8950 8950 0 0 Bond Principle 33783629 33783629 Related Party Payable 12367 12367 X Part V, Line 4: Provide a predictable stream of funding to programs supported by its endowment while seeking to maintain the historic dollar value of the endowment assets. Part X, Line 2: The Foundation follows the statutory requirements for its income tax accounting and generally avoids risks associated with potentially problematic tax positions that may be challenged upon examination. Management believes any liability resulting from taxing authorities imposing additional income taxes from activities deemed to be unrelated to the Foundation's tax-exempt status would not have a material effect on the Foundation's consolidated financial statements. 1 Albany State University 504 College Drive Albany GA 31705 501(C)(3) 520961 Scholarships and Athletic Support 1 0 Part I, Line 2: Invoices and disbursement request forms are created and submitted to the Budget Analyst for review. If the expenses or scholarships are permitted based on expenditure guidleines, the requests are forwarded to the Vice President for Institutional Advancement or their designee for approval. The approval forms as well as the documentation and support for these expesnes are stored either electronically or on file with the Finance and Administration Officer for recros retention. 0 0 0 0 0 0 0 0 0 Marion Federick President ASU 0 285394 0 0 0 0 0 0 0 0 0 285394 0 0 A 2010 Campus Housing & Student Center 581298706 012173GF1 2010-07-01 45520000 Student Housing & Student Center 0 0 0 A 6585000 41955000 2923575 2931299 1373325 2011 0 0 1 0 A 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 A 0 Form 990, Part V, Line 6a Non tax-deductible contributions that were solicited related to quarterback club donations. An express statement that a portion of such contributions were not tax deductible was included with each solicitation. Form 990, Part VI, Section A, line 8b The organization documents the meeting held by each committee only to make recommendations to the board or executive committee for action. Form 990, Part VI, Section B, line 11b Board Members will review return before filing. Form 990, Part VI, Section B, line 12c Annually, the Foundation Board will complete and sign the Conflict of Interest Declaration and disclose any actual or potential conflict of interest. Form 990, Part VI, Section B, line 15 The officers of the Foundation are state employees, and their compensation is based on what comparable positions pay at similar sector universities within the University System of Georgia. Form 990, Part VI, Section C, line 19 They are avaliable upon request to the Office of Institutional Advancement or a Foundation board member. Form 990, Part XII, line 2c The organization has not made any changes to the oversight process. Campus Facilities I LLC 504 College Drive Albany GA 31705 Student Housing Construction GA 2359627 41507374 ALBANY STATE UNIVERSITY FOUNDATION INC Albany State University 504 College Drive Albany GA 31705 580001996 Education GA Govt Georgia Board of Regents 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0