2019-11-15T17:22:34-06:00 2019-06-30 580692043 Mauldin & Jenkins LLC 200 Galleria Pkwy SE Ste 1700 Atlanta GA 303395946 990 2018-07-01 237032763 Albany State University Foundation Inc ALBA 2295003289 504 College Drive Albany GA 31705 A L Fleming Executive Director 2295003286 2019-11-15 1 Mary Jo Alexander P00002534 7709558600 2019-11-15 12.8.221.82 2019-11-15 16:45:32 ES P 1D80EF4C2A8753E0332C9BC6492B45673CE6356A EC9244A6DE1DF7959F4E333B42C80EAABA6ED433 2018 2020-03-31 21:24:44Z A L Fleming 504 College Drive Albany GA 31705 5505472 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 419754 935390 4106867 3881256 259298 485113 61541 136376 4847460 5438135 248003 2101617 0 0 0 0 0 0 48299 5201023 4394577 5449026 6496194 -601566 -1058059 80276725 47282655 69710024 39040808 10566701 8241847 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 5456950 1710163 3881256 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. 609403 391454 Received and managed funds provided to Albany State University to be used for financial assistance to qualified university students. 6066353 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 X 20 0 1 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 X 14 12 0 0 1 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 2400 Albany GA 31707 Marion Federick President ASU 1.00 40.00 X X 0 127417 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 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 30.00 X X 0 113210 0 Stan Brown CFO 40.00 X 0 76736 0 Dr Arthur Dunning ASU President, Ex-officio 1.00 40.00 X 0 76435 0 0 393798 0 0 0 0 0 J C Contractors 9 Barnum Drive Stafford VA 22556 Paint Residence Halls 157690 Preferred Cooling and Heating LLC 5383 Cannon Road Ashburn GA 31714 Air Conditioning 152922 Nelson Mullins Riley & Scarborough PO Drawer 11009 Columbia SC 29211 Legal Services 148038 3 24300 911090 935390 Interest income on dir 900099 3495057 3495057 Rental Income 532000 386199 386199 3881256 257144 257144 227969 0 227969 227969 227969 25954 24300 67337 -41383 -41383 Misc Revenue 900099 177759 177759 177759 5438135 3881256 0 621489 2101617 2101617 148038 97063 50975 57138 57138 3380 3380 17054 3411 13643 95820 40595 32095 23130 216457 101215 94021 21221 108291 10829 97462 4257 4257 12603 6463 6140 8823 4875 3948 3143639 3143639 596 596 1973 1973 Repairs & Maintenance 488163 488163 Other operating expense 65278 57153 8125 Printing 16205 16205 Dues & Subscriptions 6862 6862 6496194 6066353 381542 48299 2272152 3450524 12816369 5929994 7636 191084 7500 8950 8950 596 0 2259381 2552453 470000 470000 62450591 34681100 80276725 47282655 1674670 984116 68035354 38034862 0 21830 69710024 39040808 X 7689050 5002634 2877651 3239213 10566701 8241847 80276725 47282655 X -1058059 -61020 -1205775 X X 0 1 X 1 0 X X 1 Albany State University 580001996 6 1 391454 0 1 391454 0 1 0 0 0 0 1 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, classroom, and athletic 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, dining and sports and recreation facilities, etc. 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. Part IV, Section A, Line 6: The Foundation provided $1,710,163 in financial assistance to the University System of Georgia for use in real estate projects. The USG is composed of 26 higher education institutions including four research universities, four comprehensive universities, nine state universities and nine state colleges of which the Foundation's supported organization Albany State University is one. The University receives support from the USG and the filing organization. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2342135 714562 158970 7069 3208598 2018819 273406 130286 80376 2342135 1800312 79679 138828 2018819 2121544 12731 -41961 1900 13924 31522 2044938 2008061 24099 134908 11000 6870 27654 2121544 0.26000 0.74000 0 0 8950 8950 0 0 Bond Principle 34681100 34681100 Related Party Payable 21830 21830 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. ASUF Gala 50254 24300 25954 32454 1400 33483 50254 24300 25954 32454 1400 33483 67337 -41383 1 Albany State University 504 College Drive Albany GA 31705 501(C)(3) 382454 Student Scholarship Funding Albany State University 504 College Drive Albany GA 31705 501(C)(3) 9000 Other University Support University System of Georgia Foundation Inc 270 Washington Street SW Suite 7005A Atlanta GA 30334 501(C)(3) 1710163 To support future university reserve and replacement projects. 2 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. A 2010 Campus Housing & Student Center 581298706 012173GF1 2010-07-01 45520000 Student Housing & Student Center 0 0 0 A 5535000 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 4 The organization made changes to the bylaws consisting of minor word changes as well as changing the majority required from a simple majority to a 2/3 majority. 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 XI, line 9: Loss on Extinguishment of Debt -1,205,775. Form 990, Part XII, line 2c The organization has not made any changes to the oversight process. ASU Real Estate Foundation LLC 504 College Drive Albany GA 31705 Student Housing Construction GA 1751720 0 ALBANY STATE UNIVERSITY FOUNDATION INC Campus Facilities I LLC 504 College Drive Albany GA 31705 Student Housing Construction GA 2566783 42159552 ALBANY STATE UNIVERSITY FOUNDATION INC Albany State University 504 College Drive Albany GA 31705 580001996 Education GA 501(c)(3) Line 6 Georgia Board of Regents 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0