2017-11-17T13:04:55-05:00 2017-06-30 581484212 HOWARD MOORE & MCDUFFIE PC PO BOX 4547 MACON GA 31208 990 2016-07-01 237356941 MIDDLE GEORGIA STATE UNIVERSITY REAL ESTATE FOUNDATION INC MIDD 4787572500 100 UNIVERSITY PARKWAY MACON GA 31206 NANCY STROUD MGSU VP 4784712732 2017-11-17 true JAY A SIEGELMAN P00536306 4787425317 2017-11-17 96F68F0F6126C0E848833D5B9AFC27EEFFBFB6B2 96F68F0F6126C0E848833D5B9AFC27EEFFBFB6B2 2016 2017-02-10 21:41:12Z NANCY STROUD 100 UNIVERSITY PARKWAY MACON GA 31206 5432257 false X N/A X 1973 GA TO PROVIDE SUPPORT TO MIDDLE GEORGIA STATE UNIVERSITY BY ACQUIRING, DEVELOPING, AND MAINTAINING LAND AND/OR FACILITIES FOR THE BENEFIT OF THE UNIVERSITY. 8 5 0 0 0 5213669 5163607 224978 268650 0 5438647 5432257 0 0 0 0 0 4804995 4805371 4804995 4805371 633652 626886 112098824 110347632 98258076 95879998 13840748 14467634 TO PROVIDE SUPPORT TO MIDDLE GEORGIA STATE UNIVERSITY BY ACQUIRING, DEVELOPING AND MAINTAINING LAND AND/OR FACILITIES FOR THE BENEFIT OF THE UNIVERSITY. false false 4752246 5163607 THE FOUNDATION RECEIVED LEASE FUNDING AND RETIRED 1,395,000 OF BOND DEBT RELATED TO THE ACQUISITION AND CONSTRUCTION OF SIX RESIDENCE HALLS, A STUDENT HOUSING COMPLEX, AND A STUDENT WELLNESS AND RECREATION CENTER. THE FOUNDATION ALSO ACQUIRED LAND ADJACENT TO THE MACON, GEORIGA CAMPUS WHICH IS EXPECTED TO BE THE FUTURE SIGHT OF A UNIVERSITY WELCOME CENTER. 4752246 true false false false false false false false false false true true true false false true true true false false false false false false false false false false false true true false false false false false false false false false false false false false false true true false false false true 0 0 0 false false false false false false false false false false X 8 5 false false false false false true false true true false false true true true true false false false false false GA X AMANDA FUNCHES 4787572500 100 UNIVERSITY PARKWAY MACON GA 31206 CHRISTOPHER BLAKE MGSU PRESIDE 2.00 40.00 X 0 355942 0 NANCY STROUD MGSU VP 2.00 40.00 X 0 213429 0 RAYMOND CARNLEY MGSU VP 1.00 40.00 X 0 148539 0 CHARLES PARKER CHAIRMAN 2.00 X X 0 0 0 DWIGHT JONES SECRETARY/TR 1.00 X X 0 0 0 JOHN PHILLIPS TRUSTEE 1.00 X 0 0 0 RONNIE ROLLINS TRUSTEE 1.00 X 0 0 0 SPENCER STRICKLAND TRUSTEE 1.00 X 0 0 0 717910 false true false INTEREST INCOME - LEASES 531390 4689491 4689491 RENTAL INCOME 531110 474116 474116 5163607 266400 266400 2250 2250 2250 2250 5432257 2250 5430007 7472 7472 15301 15301 84126 72676 11450 18600 18600 4584391 4584391 76708 76708 8868 8868 MISCELLANEOUS 9905 -129 10034 4805371 4752246 53125 0 313462 261264 789332 16332 789332 14531082 15381804 95419820 93915232 1818128 112098824 110347632 2299266 2309235 95958810 92797763 773000 98258076 95879998 X 13840748 14467634 13840748 14467634 112098824 110347632 626886 X false true X true false X X X 1 MIDDLE GEORGIA STATE UNIVERSITY INC MIDDLE GEORGIA STATE UNIVERSITY INC 581028275 6 true 4805370 0 1 4805370 0 true false false false false false false false false false false false false false false true false 789332 789332 789332 SHORT -TERM TREASURY FUNDS 15381804 F 15381804 INVESTMENT IN DIRECT FINANCING LEASE 93915232 C 93915232 X 5432257 5432257 5432257 4805371 4805371 4805371 SCHEDULE D, PAGE 3, PART X THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATIONS TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THERE WAS NO SUCH INCOME FOR THE YEARS ENDED JUNE 30, 2017 AND 2016. IN ADDITION, THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B) (1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FOUNDATION IS THE SOLE OWNER OF EACH LLC SUBSIDIARY. THESE LLCS ARE TREATED AS DISREGARDED ENTITIES FOR FEDERAL INCOME TAX PURPOSES. CONSEQUENTLY, ALL INCOME AND LOSS OF THE LLCS ARE PASSED THROUGH TO THE FOUNDATION. false false false false false false false false false CHRISTOPHER BLAKE MGSU PRESIDENT 335142 20800 355942 NANCY STROUD MGSU VP 213429 213429 A BLECKLEY-COCHRAN DEVELOPMENT AUTHOR 030574334 09348PBCP 2005-11-01 26899298 CONSTRUCTION OF STUDENT HOUSING false false false B JOINT DEVELOPMENT AUTHORITY OF BLEC 261894499 09349AAJ7 2007-07-01 35665315 CONSTRUCTION OF STUDENT HOUSING false false false C DEVELOPMENT AUTHORITY OF BIBB COUNT 581445945 08869FEC9 2011-04-28 12169859 TO ACQUIRE EXISTING APARTMENT COMPLEX TO BE USED AS STUDENT HOUSING. false false false D DEVELOPMENT AUTHORITY OF BIBB COUNT 581445945 08869FEY1 2012-12-18 24339409 TO CONSTRUCT A STUDENT RECREATION AND WELLNESS CENTER ON THE MACON CAMPUS false false false A 1520000 26899298 2265731 2326903 415288 111889 21559558 219929 2007 false false true true B 1065000 35665315 3264761 2999661 546275 121739 28058194 674685 2009 false false true true C 1030000 12169859 433212 24002 161305 128222 11423118 2011 false false true true D 960000 24339409 707531 1410297 277413 266280 21649407 28481 2014 false false true true A true false false false false false false B true false false false false false false C true false false false false false false D true false false false false false false A false false false true true false false false true B false false false true true false false false true C false false false true true false false false true D false false false true true false false false true A false B false C false D false SCHEDULE K - PURPOSE OF ISSUE DESCRIPTION DEVELOPMENT AUTHORITY OF BIBB COUNTY OF MIDDLE GEORGIA STATE COLLEGE. SCHEDULE K - DATE REBATE COMPUTATION PERFORMED BLECKLEY-COCHRAN DEVELOPMENT AUTHORI 06/30/17 JOINT DEVELOPMENT AUTHORITY OF BLECK 06/30/17 DEVELOPMENT AUTHORITY OF BIBB COUNTY 06/30/17 DEVELOPMENT AUTHORITY OF BIBB COUNTY 06/30/17 FORM 990, PAGE 6, PART VI, LINE 7A THE BYLAWS OF THE ORGANIZATION STATE THAT THE PRESIDENT OF MIDDLE GEORGIA STATE UNIVERSITY IS A MEMBER OF THE BOARD OF DIRECTORS AND CAN APPOINT OR ELECT ALL BUT ONE OF THE OTHER SIX MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 11B A DRAFT COPY OF THE 990 IS DISTRIBUTED TO THE GOVERNING BODY FOR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C THE FOLLOWING PROCEDURES ARE USED BY THE FOUNDATION TO REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE ITS CONFLICT OF INTEREST POLICY: 1. EACH RESPONSIBLE PERSON (NEW OFFICER, EMPLOYEE, OR MEMBER OF THE BOARD OF DIRECTORS) SHALL BE REQUIRED TO REVIEW A COPY OF THE POLICY AND TO ACKNOWLEDGE IN WRITING THAT HE OR SHE HAS DONE SO. 2. EACH RESPONSIBLE PERSON SHALL COMPLETE A DISCLOSURE FORM ANNUALLY IDENTIFYING ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES IN WHICH THE RESPONSIBLE PERSON IS INVOLVED, THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST. SUCH RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES MIGHT INCLUDE SERVICE AS A DIRECTOR OF OR CONSULTANT TO A NOT-FOR-PROFIT ORGANIZATION, OR OWNERSHIP OF A BUSINESS THAT MIGHT PROVIDE GOODS OR SERVICES TO THE FOUNDATION. ANY SUCH INFORMATION REGARDING BUSINESS INTERESTS OF A RESPONSIBLE PERSON OR A FAMILY MEMBER SHALL BE TREATED AS CONFIDENTIAL AND SHALL GENERALLY BE MADE AVAILABLE ONLY TO THE CHAIR AND ANY COMMITTEE APPOINTED TO ADDRESS CONFLICTS OF INTEREST, EXCEPT TO THE EXTENT ADDITIONAL DISCLOSURE IS NECESSARY IN CONNECTION WITH THE IMPLEMENTATION OF THIS POLICY. 3. THIS POLICY SHALL BE REVIEWED ANNUALLY BY EACH MEMBER OF THE BOARD OF DIRECTORS. ANY CHANGES TO THE POLICY SHALL BE COMMUNICATED IMMEDIATELY TO ALL RESPONSIBLE PERSONS. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. MGC REAL ESTATE FOUNDATION LLC 100 UNIVERSITY PARKWAY MACON GA 31206 203650644 PROP MGT GA 1485182 29491400 N/A MGC REAL ESTATE FOUNDATION II LLC 100 UNIVERSITY PARKWAY MACON GA 31206 261742855 PROP MGT GA 2101733 42530347 N/A MSC FDN REAL ESTATE LLC 100 UNIVERSITY PARKWAY MACON GA 31206 PROP MGT GA 743174 13802075 N/A MSC FDN REAL ESTATE II LLC 100 UNIVERSITY PARKWAY MACON GA 31206 PROP MGT GA 1094862 23539048 N/A MIDDLE GEORGIA STATE UNIVERSITY 100 UNIVERSITY PARKWAY MACON GA 31206 581028275 UNIVERSITY GA GOV 2 N/A false true false false false false false false false false true false false false true false true false false false MIDDLE GEORGIA STATE UNIVERSITY A 4689491 CASH RECEIVED MIDDLE GEORGIA STATE UNIVERSITY J 1974143 CASH RECEIVED MIDDLE GEORGIA STATE UNIVERSITY N NOT DETERMINABLE MIDDLE GEORGIA STATE UNIVERSITY P 7315 CASH PAID