2018-12-03T16:51:20-05:00 2018-06-30 582467226 REDDICK RIGGS & HUNTER PC POST OFFICE BOX 725 STATESBORO GA 30459 990 2017-07-01 300037158 GEORGIA SOUTHERN UNIVERSITY HOUSING FOUNDATION INC GEOR 9124787481 P O BOX 8020 STATESBORO GA 30460 ROBERT L WHITAKER TREASURER 9124787481 2018-10-19 true PATRICIA H HUNTER CPA P00366295 9127649843 2018-12-03 66.172.95.50 2018-12-03 15:51:20 CS P CEA4A3779CA7D505F624EECC46E689AEE6541589 DBB52BDFAC319B64CC4EFF6C42A96512DAF6CF7D 2017 2019-02-21 02:37:17Z JAIMIE HEBERT PO BOX 8033 STATESBORO GA 30460 12562050 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. 9 5 0 0 0 12283936 11974555 752944 587495 0 13036880 12562050 74000 625850 0 0 0 0 10389868 12362747 10463868 12988597 2573012 -426547 244965301 267366887 219688900 236756461 25276401 30610426 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 12800956 625850 11974555 TO ACQUIRE, CONSTRUCT OR IMPROVE STUDENT HOUSING FACILITIES OR OTHER STUDENT FACILITIES FOR GEORGIA SOUTHERN UNIVERSITY 12800956 true false false false false false false false false false true false false true true true true true false false false 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 false false true 16 0 0 false false false false false false false false false false false false X 9 5 false false true false false true true true true true false true true true true true true false false false X MAURA COPELAND 9124787481 P O BOX 8020 STATESBORO GA 30460 JAIMIE HEBERT PRESIDENT 0.50 40.00 X X 0 365865 50550 ROBERT L WHITAKER TREASURER 4.00 40.00 X X 0 247025 40384 TRIP ADDISON DIRECTOR 0.50 40.00 X 0 246000 23839 MAURA COPELAND SECRETARY 2.00 40.00 X 0 126198 15648 F THOMAS DAVID DIRECTOR 0.50 X 0 0 0 E G MEYBOHM DIRECTOR 0.50 X 0 0 0 ROBERT E LANE DIRECTOR 0.50 X 0 0 0 WILLIAM G BARTON DIRECTOR 0.50 X 0 0 0 DANIEL PINYAN DIRECTOR 0.50 X 0 0 0 CHRIS CURTIS DIRECTOR 0.50 X 0 0 0 985088 130421 false true false BEYNON SPORTS SURFACES INC 16 ALT ROAD HUNT VALLEY MD 21030 CONSTRUCTION 710975 Y-DELTA INC 5657 LAKEVIEW ROAD STATESBORO GA 30461 CONSTRUCTION 616038 MURRAY BARNES FINISTER LLP 5 PIEDMONT CENTER SUITE 515 ATLANTA GA 30305 LEGAL SERVICES 125000 3 LEASE INTEREST INCOME 9715629 9715629 REPLACEMENT RESERVE INCOME 1619796 1619796 FACILITIES RENTAL 529449 529449 GAIN ON CAPITAL LEASE 104080 104080 OTHER 5601 5601 11974555 464723 92646 372077 122772 122772 12562050 12067201 494849 625850 625850 69413 69413 91752 91752 49350 49350 139102 122205 16897 1942 1942 343951 343951 8064480 8064480 9579 9579 FACILITY REPAIRS/MAINT 2036401 2036401 LOSS ON REFINANCE 1105699 1105699 OTHER EXPENSES 253265 212805 40460 AMORT OF BOND ISSUE COSTS 197813 197813 12988597 12800956 187641 0 2918834 2288634 34321466 31879724 503 3419249 3583629 1620000 436692 1620000 5446272 5997280 198422788 221997117 244965301 267366887 5630354 3921769 4911828 641793 205517519 229585941 3629199 2606958 219688900 236756461 X -6724846 30610426 32001247 25276401 30610426 244965301 267366887 -426547 5760572 X false true X true false X X 1 GEORGIA SOUTHERN UNIVERSITY 586002059 2 true 12800956 0 1 12800956 0 true false false false false false false false false false false false false false false true false 1620000 1620000 1620000 NET INVESTMENT IN CAPITAL LEASE 221965117 ACCRUED INTEREST RECEIVABLE 32000 221997117 DUE TO GEORGIA SOUTHERN UNIVERSITY 2596400 SECURITY DEPOSITS 10558 2606958 X 12562050 12562050 12562050 12988601 4 4 12988597 12988597 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, 2018. THE YEARS ENDED JUNE 30, 2015, 2016, 2017 AND 2018 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 XII, LINE 2D ROUNDING 4 SCHEDULE D, PAGE 4, PART XIII ON JANUARY 11, 2017, THE UNIVERSITY SYSTEM OF GEORGIA BOARD OF REGENTS VOTED TO CONSOLIDATE ARMSTRONG STATE UNIVERSITY AND GEORGIA SOUTHERN UNIVERSITY. THE CONSOLIDATED UNIVERSITY WAS NAMED GEORGIA SOUTHERN UNIVERSITY AND IS LED BY THE CURRENT PRESIDENT OF GEORGIA SOUTHERN UNIVERSITY. PURSUANT TO THIS CONSOLIDATION, THE BOARD OF DIRECTORS OF THE GEORGIA SOUTHERN HOUSING FOUNDATION, INC. AND THE ARMSTRONG EDUCATIONAL PROPERTIES FOUNDATION, INC. AGREED TO COMBINE THEIR RESPECTIVE FOUNDATONS AND ALL SUBSIDIARIES ON JANUARY 1, 2018. UNDER THE CRITERIA OF FASB 958- 805-55, IT HAS BEEN DETERMINED THAT THE CONSOLIDATION IS AN ACQUISITION OF THE ARMSTRONG EDUCATIONAL PROPERTIES FOUNDATION, INC BY THE GEORGIA SOUTHERN UNIVERSITY HOUSING FOUNDATION, INC. ACCORDINGLY, THE ACQUIRED ASSETS AND LIABILITIES OF THE ARMSTRONG EDUCATIONAL PROPERTIES FOUNDATION, INC. AND ITS SUBSIDIARIES HAVE BEEN RECORDED AT THEIR APPROXIMATE FAIR MARKET VALUE AS OF THE ACQUISITION DATE. THE NET EXCESS OF THE FAIR VALUE OF NET ASSETS OVER CONSIDERATION IN THE ACQUISITION OF THE ACQUIRED ENTITY HAS BEEN RECOGNIZED IN THE STATEMENT OF ACTIVITIES AS "CONTRIBUTION FROM ACQUISITION." false GEORGIA SOUTHERN UNIVERSITY P O BOX 8020 STATESBORO GA 30458 586002059 GOV 187100 STUDENT HSING ASSIST GEORGIA SOUTHERN UNIVERSITY P O BOX 8020 STATESBORO GA 30458 586002059 GOV 438750 STUDENT FACILITIES false false false false false false false false false JAIMIE HEBERT PRESIDENT 360000 5865 24948 25602 416415 ROBERT L WHITAKER TREASURER 247025 40384 14230 287409 TRIP ADDISON DIRECTOR 246000 23839 138 269839 A DEVELOPMENT AUTHORITY OF BULLOCH CO 581538786 12033RBL9 2011-05-26 42485880 ACQUISITION AND RENOVATION OF STUDENT HOUSING FACILITIES false true false B DEVELOPMENT AUTHORITY OF BULLOCH CO 581538786 120335AT1 2012-08-22 28310054 CONSTRUCTION OF STUDENT DINING FACILITIES false true false C DEVELOPMENT AUTHORITY OF BULLOCH CO 581538786 12033RCD6 2012-12-06 31094925 REFUND 2002 SERIES BONDS WHICH WERE USED FOR CONSTRUCTION OF STUDENT false true false D DEVELOPMENT AUTHORITY OF BULLOCH CO 581538786 120334CJ4 2013-03-21 29283535 REFUND 2004 SERIES BONDS, WHICH WERE USED TO CONSTRUCT STUDENT FACILITIES false true false A 3405000 42485880 1421348 2183081 840259 543315 37497877 2012 false true true true B 2185000 28310054 821818 1599219 490517 315300 25083200 2013 false false true true C 5995000 31094925 477960 235659 30381306 2003 true false true true D 6455000 29283535 1089094 459538 27734903 2005 false true true true A false false false false false false true B false false false false false false true C false false false false false false true D false false false false false false true A false true false false false false false false true B false false false true false false false false true C false false false true false false true FSA CAPITAL MANAGEMENT SERVICES LLC 15.800000000000 true false true D false true false false false false false false true A true B true C true D true SCHEDULE K - PURPOSE OF ISSUE DESCRIPTION DEVELOPMENT AUTHORITY OF BULLOCH CO FACILITIES SAVANNAH ECONOMIC DEV AUTHORITY PROFESSIONAL AND CONTINUING EDUCATION FACILITIES SAVANNAH ECONOMIC DEV AUTHORITY STUDENT FACTILIES SCHEDULE K - DATE REBATE COMPUTATION PERFORMED DEVELOPMENT AUTHORITY OF BULLOCH CO 08/22/17 DEVELOPMENT AUTHORITY OF BULLOCH CO 12/06/17 SAVANNAH ECONOMIC DEV AUTHORITY 01/19/18 FORM 990, PAGE 6, PART VI, LINE 4 BYLAWS WERE CHANGED UPON ACQUISITION OF ARMSTRONG STATE UNIVERSITY EDUCATIONAL PROPERTIES FOUNDATION, INC. TO INCREASE THE NUMBER OF BOARD MEMBERS AND TO INCLUDE REPRESENTATION FROM THE ACQUIRED FOUNDATION'S GEOGRAPHIC AREA. 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 F. THOMAS DAVID 106 TOWHEE TRAIL STATESBORO, GA 30458-8667 E. G. MEYBOHM 3519 WHEELER ROAD AUGUSTA, GA 30909 ROBERT E. LANE 5 WESTCOTT ROAD STATESBORO, GA 30458 WILLIAM G. BARTON 9238 WHITFIELD AVENUE SAVANNAH, GA 31406-6942 DANIEL PINYAN 1714 BULL STREET SAVANNAH, GA 31401-7437 FORM 990, PAGE 6, PART VI, LINE 11B THE TREASURER AND SECRETARY REVIEW 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 ACQUISITION OF ARMSTRONG STATE UNIVERSITY ED 0 FOUNDATION, INC (31-1604184) 5,760,575 ROUNDING -3 TOTAL 5,760,572 GSU HOUSING FOUNDATION I LLC P O BOX 8020 STATESBORO GA 30460 LEASE DE GSUHF INC GSU HOUSING FOUNDATION II LLC P O BOX 8020 STATESBORO GA 30460 LEASE DE GSUHF INC GSU HOUSING FOUNDATION III LLC P O BOX 8020 STATESBORO GA 30460 LEASE DE GSUHF INC GSU HOUSING FOUNDATION IV LLC P O BOX 8020 STATESBORO GA 30460 LEASE DE GSUHF INC GSU HOUSING FOUNDATION V LLC P O BOX 8020 STATESBORO GA 30460 LEASE DE GSUHF INC GSU HOUSING FOUNDATION VI LLC P O BOX 8020 STATESBORO GA 30460 LEASE DE GSUHF INC ARMSTRONG CENTER LLC P O BOX 8020 STATESBORO GA 30460 LEASE GA GSUHF INC ASU STUDENT UNION LLC P O BOX 8020 STATESBORO GA 30460 LEASE GA GSUHF INC UNIVERSITY TERRACE LLC P O BOX 8020 STATESBORO GA 30460 LEASE GA GSUHF INC ASU CEDAR GROVE LLC P O BOX 8020 STATESBORO GA 30460 LEASE GA GSUHF INC ASU STUDENT RECREATION CENTER LLC P O BOX 8020 STATESBORO GA 30460 LEASE GA GSUHF INC GEORGIA SOUTHERN UNIVERSITY P O BOX 8020 STATESBORO GA 30460 586002059 UNIVERSITY GA GOV 2 NA false false true false false true false false false false true true false true true true true true false false GEORGIA SOUTHERN UNIVERSITY B 187100 HOUSING GRANTS GEORGIA SOUTHERN UNIVERSITY B 438750 FACILITIES GRANTS GEORGIA SOUTHERN UNIVERSITY E 2596400 GENERAL LEDGER ACCOUNT GEORGIA SOUTHERN UNIVERSITY J 21301265 LEASE AMORTIZATION SCHED GEORGIA SOUTHERN UNIVERSITY K 111 LAND LEASE AGREEMENT GEORGIA SOUTHERN UNIVERSITY M 69413 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 1866243 REIMB OF FACILITY REPAIRS GEORGIA SOUTHERN UNIVERSITY Q 646451 REIMB OF FACILITY INSURAN