2016-05-06T08:25:17-05:00 2015-06-30 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2014-07-01 586033185 GEORGIA STATE UNIVERSITY FOUNDATION INC GEOR 4044133402 PO BOX 2668 ATLANTA GA 303012668 DALE PALMER CFO & ASST TREAS 4044133402 2016-05-04 1 JEFF T FUCITO P00120748 7709558600 2016-05-04 2014 2016-08-17 19:52:53Z DALE PALMER PO BOX 2668 ATLANTA GA 303012668 83739206 0 X WWW.GSUFOUNDATION.ORG X 1958 GA SUPPORT THE MISSION AND BEST INTERESTS OF GEORGIA STATE UNIVERSITY 35 34 0 34 64616 0 22437708 13604796 12231587 23403497 20377932 5650833 354122 1664017 55401349 44323143 11834878 16544134 0 0 0 0 0 0 1066947 25266315 23204182 37101193 39748316 18300156 4574827 505052764 332610803 289908518 113529122 215144246 219081681 X THE GEORGIA STATE UNIVERSITY FOUNDATION SERVES AS AN AMBASSADOR OF GEORGIA STATE UNIVERSITY, SUPPORTING AND ASSISTING THE UNIVERSITY IN ACHIEVING ITS MISSION THROUGH THE IDENTIFICATION, CULTIVATION, SOLICITATION AND STEWARDSHIP OF GIFTS, AND BY COLLABORATING AND ADVISING ON ACTIVITIES FOR THE BENEFIT AND ADVANCEMENT OF THE UNIVERSITY. 0 0 27236247 7079184 22954973 PROGRAM SUPPORT: THE GSU FOUNDATION PROVIDED THE UNIVERSITY SUPPORT FOR EDUCATION, FACILITIES, ACTIVITIES AND PROGRAMS OF THE UNIVERSITY. PRIVATE GIFT SUPPORT HELPS PROVIDE SPACE, ENVIRONMENT AND TECHNOLOGIES THAT PROMOTE THE HIGHEST LEVEL OF TEACHING, LEARNING AND RESEARCH. 5943435 5943435 STUDENT SUPPORT: THE GSU FOUNDATION PROVIDED THE UNIVERSITY SUPPORT FOR STUDENTS. STUDENTS RECEIVED BOTH MERIT AND NEED BASED SCHOLARSHIP SUPPORT ACROSS ALL PROGRAMS AND UNITS OF THE UNIVERSITY. WITH THE UNIVERSITY SEEING RECORD ENROLLMENT NUMBERS, PRIVATE GIFT SUPPORT IS CRITICAL TO ENSURING THAT ALL WILLING STUDENTS ARE ABLE TO EXPLORE THEIR EDUCATIONAL OPPORTUNITIES, EXPERIENCE COLLEGE LIFE, AND EFFICIENTLY MANAGE TUITION COSTS AND DEBT LOADS. 3521515 3521515 FACULTY AND STAFF SUPPORT: UNIVERSITY FACULTY AND STAFF RECEIVED ADDITIONAL SUPPORT ALLOWING FOR INCREASED RESEARCH OPPORTUNITIES AND IMPROVED CLASSROOM EXPERIENCES FOR ALL STUDENTS. PRIVATE GIFT SUPPORT HELPS MEET THE UNIVERSITY'S GOAL TO ATTRACT AND RETAIN WORLD CLASS FACULTY WHICH ULTIMATELY ATTRACTS THE BEST AND BRIGHTEST STUDENTS. 36701197 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 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 1 109 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 X 35 34 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 GA MI HI ME MD MA MN NH NJ NY ND OH SC UT WA X X DALE PALMER 4044133402 ONE PARK PLACE SUITE 533 ATLANTA GA 303033083 STEVEN ASPLUNDH TRUSTEE 1.00 X 0 0 0 JOHN BAUER TRUSTEE 1.00 X 0 0 0 DR MARK BECKER TRUSTEE, GSU PRESIDENT 1.00 X 0 0 0 SANDRA BERGERON TRUSTEE 1.00 X 0 0 0 KENNETH BERNHARDT TRUSTEE, PAST CHAIR 1.00 0.30 X 0 0 0 FRANCES BREEDEN SECRETARY 1.00 0.30 X X 0 0 0 ANTHONY BURGER TRUSTEE 1.00 0.30 X 0 0 0 DAVID DEETER TRUSTEE 1.00 X 0 0 0 JOHN DYER TRUSTEE 1.00 X 0 0 0 BRAD FERRER CHAIRMAN 1.00 0.30 X X 0 0 0 DAVID FLINT TRUSTEE 1.00 X 0 0 0 RONALD FREEMAN TRUSTEE 1.00 X 0 0 0 TIMOTHY GUNTER TRUSTEE 1.00 X 0 0 0 DAVID HADDOW TRUSTEE 1.00 X 0 0 0 RICHARD JACOBSON TRUSTEE 1.00 0.30 X 0 0 0 ERIC JOINER TRUSTEE 1.00 X 0 0 0 ELIZABETH KENNY TRUSTEE 1.00 X 0 0 0 MARJORIE KNOWLES TRUSTEE 1.00 X 0 0 0 DONNA LEE TRUSTEE 1.00 X 0 0 0 LEE MACENCZAK TRUSTEE 1.00 X 0 0 0 CYNTHIA MALOY TREASURER 1.00 0.30 X X 0 0 0 WALTER T MASSEY EX OFFICIO, GSUF PRESIDENT 40.00 1.00 X X 218308 0 31805 NANCY REEVES MANSFIELD TRUSTEE 1.00 X 0 0 0 JERRY RACKLIFFE EX OFFICIO, GSU VP FIN/ADM 1.00 0.30 X 0 0 0 DEEPAK RAGHAVAN VICE CHAIRMAN 1.00 0.30 X X 0 0 0 JULIO RAMIREZ TRUSTEE 1.00 X 0 0 0 DOUGLAS REID TRUSTEE 1.00 X 0 0 0 JOSEPH SANSONE TRUSTEE 1.00 X 0 0 0 DALLAS SMITH TRUSTEE 1.00 0.30 X 0 0 0 GERALDINE THOMAS TRUSTEE 1.00 X 0 0 0 KURT TRAVIS EX OFFICIO ALUM. ASSOC CHAIR 1.00 X 0 0 0 RAY UTTENHOVE TRUSTEE 1.00 0.30 X 0 0 0 CHRISTOPHER VALIANOS TRUSTEE 1.00 X 0 0 0 JEFFREY WARWICK TRUSTEE 1.00 X 0 0 0 JOSEPH REINKEMEYER TRUSTEE 1.00 X 0 0 0 DALE PALMER CFO 40.00 1.00 X 160211 0 30773 JULIE VAN BALEN ASSISTANT SECRETARY 20.00 1.00 X 46292 0 18707 MILDRED BEGITSCHKE COMPTROLLER 40.00 X 114853 0 21720 539664 0 103005 3 0 1 1 HUMPHRIES AND COMPANY LLC 3500 PEACHTREE ROAD ATLANTA GA 30326 GENERAL CONTRACTOR 4225836 CHERRY BEKAERT LLP 1075 PEACHTREE ST NE SUITE 2200 ATLANTA GA 30309 INDEPENDENT AUDITORS 145233 2 88475 13516321 755907 13604796 INCOME FROM DIRECT FINANCING LEAS 531190 16987694 16987694 RENTAL INCOME 532000 6130024 5691618 76422 361984 OTHER PROGRAM REVENUE 900099 285779 275661 10118 23403497 2422930 -44306 2467236 50935 50935 78902 0 78902 78902 32500 46402 37542458 5061213 34475604 4900164 3066854 161049 3227903 3227903 40295 88475 40295 0 GAIN ON BOND DEFEASANCE 900099 1475567 1475567 LIFE INS CSV 900099 55082 55082 REFUNDS 900009 3531 3531 1534180 44323143 22954973 64616 7698758 16544134 16544134 150561 142059 8502 100184 55000 45184 794667 794667 978809 599839 89213 289757 339935 140971 150403 48561 1162646 886933 144934 130779 66527 66527 7552567 7485964 63512 3091 1169798 961765 57880 150153 895009 513840 182323 198846 6468057 6468057 1035369 1035369 285768 253725 32043 MEETING & EVENT EXPENSE 1371596 857322 292539 221735 EQUIPMENT PURCHASE 492657 489743 2473 441 DUES & PROFESSIONAL MEM 238955 165399 49972 23584 ANNUITY BENEFIT PAYMENT 101077 101077 39748316 36701197 1980172 1066947 4154883 3867252 28030348 36866250 12817362 10125786 1088833 15595 3491140 1748226 9561150 1306399 10626301 8254751 142844105 162084711 31200000 1600000 270799792 108048232 505052764 332610803 1669117 973765 22484192 20001563 239478287 77275342 26276922 15278452 289908518 113529122 X 39200773 40529162 69536144 70164396 106407329 108388123 215144246 219081681 505052764 332610803 4574827 -637392 0 X X 0 1 X 1 0 X 11554838 17051958 11988538 22437708 13604796 76637838 1502185 1650649 1726082 1793520 1950333 8622769 13057023 18702607 13714620 24231228 15555129 85260607 13712247 71548360 2511324 1889730 1951736 10167527 2926557 19446874 55082 55082 104762563 100769899 0.68300 0.84680 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: LIFE INS CSV - 2014 AMOUNT: $ 55,082. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 135723325 3958662 2598733 5174904 137105816 118537964 8034425 14057010 4906074 135723325 110654424 2391259 9997844 4505563 118537964 113111823 2086375 -446653 4097121 110654424 93486899 6263167 17084386 3722629 113111823 0.20950 0.79050 0 0 811379 811379 5796209 1306399 4489810 2953562 2953562 8254751 CASH SURRENDER VALUE LIFE INSURANCE 1353596 BOND PAYABLE RESTRICTED ASSETS 19257954 INVESTMENTS HELD FOR AFFILIATES 2017307 NET INVESTMENT IN DIRECT FINANCING LEASE 85419375 108048232 ASSETS HELD FOR AFFILATES 2017307 DEFERRED LEASE COST 6961645 SPLIT INTEREST OBLIGATION 2155445 CAPITAL LEASE OBLIGATION 2296250 ACCRUED INTEREST BOND PAYABLE 1847805 15278452 X 44841417 -637392 1950333 1312941 43528476 794667 794667 44323143 40903982 1950333 1950333 38953649 794667 794667 39748316 PART V, LINE 4: ENDOWMENT FUNDS INTENDED USES INCLUDE SCHOLARSHIPS, FELLOWSHIPS, CHAIRS, PROFESSORSHIPS AND OTHER RELATED ACTIVITIES. PART X, LINE 2: THE FOUNDATION'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE FOUNDATION, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2015, AND ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. LECTURE DINNER-RE DEPT 58000 44967 13033 7820 5213 DINNER-GLOBAL HEALTH SUMMIT 20000 19800 200 120 80 8 50770 23708 27062 16237 10825 128770 88475 40295 24177 16118 40295 0 1 GEORGIA STATE UNIVERSITY 100 AUBURN AVENUE ATLANTA GA 30303 586002050 7079184 BOOK UNIVERSITY FACILITIES RENOVATIONS GEORGIA STATE UNIVERSITY 100 AUBURN AVENUE ATLANTA GA 30303 586002050 5943435 BOOK FOR SCHOLARSHIPS AND AWARDS GEORGIA STATE UNIVERSITY 100 AUBURN AVENUE ATLANTA GA 30303 586002050 3521515 BOOK TEACHING SALARY SUPPLEMENTS 1 0 SCHEDULE I, PART I, LINE 2: FUNDS ARE PAID TO GEORGIA STATE UNIVERSITY FOR EDUCATIONAL PURPOSES AND PROGRAM SUPPORT. SCHOLARSHIPS ARE PAID DIRECTLY BY GEORGIA STATE UNIVERSITY. SCHOLARSHIP RECIPIENTS ARE SELECTED BASED ON UNIVERSITY POLICY AND CRITERIA SET FORTH IN THE FUND AGREEMENTS. 0 0 0 0 0 0 0 0 0 WALTER T MASSEY EX OFFICIO, GSUF PRESIDENT 218308 0 0 0 0 0 20735 0 11070 0 250113 0 0 0 DALE PALMER CFO 160211 0 0 0 0 0 15551 0 15222 0 190984 0 0 0 FORM 990 PART VII, LINE 5 COMPENSATION OF OFFICERS AND HIGHLY-COMPENSATED GEORGIA STATE UNIVERSITY FOUNDATION HAS NO EMPLOYEES. COMPENSATION, LISTED IN PART VII, FOR OFFICERS AND HIGHLY COMPENSATED INDIVIDUALS, IS FROM AN UNRELATED ORGANIZATION (GEORGIA STATE UNIVERSITY) FOR SERVICES RENDERED TO GEORGIA STATE UNIVERSITY FOUNDATION. ACCORDINGLY, WALTER MASSEY, PRESIDENT, DALE PALMER, ASSISTANT TREASURER/CFO, JULIE VAN BALEN, ASSISTANT SECRETARY, AND MILDRED BEGITSCHKE, COMPTROLLER, RECEIVED COMPENSATION AND BENEFITS TOTALING $250,113, $190,984, $64,999, AND $136,573, RESPECTIVELY FROM GEORGIA STATE UNIVERSITY. A ALTANTA DEVELOPMENT AUTHORITY (PANTHER PLACE) 582322663 04780RBF4 2009-05-29 58607704 REFINANCING OF ORIGINAL DEBT 0 0 0 B ALPHARETTA DEVELOPMENT AUTHORITY (ALPHARETTA) 582418250 020812BE2 2009-05-12 6544706 REFINANCING OF ORIGINAL DEBT 0 0 0 C DEVELOPMENT AUTHORITY FULTON CO (STUDENT REC CENT) 581506878 359900K48 2011-01-31 17100413 REFINANCING OF ORIGINAL DEBT 0 0 0 A 60640287 4194782 1172154 900429 2007 1 0 1 1 B 620000 6544706 89378 2000 1 0 1 1 C 2005000 20291245 1603500 320536 2001 1 0 1 1 A 1 1 0 0 0.00000 0.04800 0.04800 0 0 1 B 1 0 0 0 0 0 1 C 1 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 1 1 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 SCHEDULE K, PART IV, ARITRAGE, LINE 2C: (A) ISSUER NAME: ATLANTA DEVELOPMENT AUTHORITY (PANTHER PLACE) DATE THE REBATE COMPUTATION WAS PERFORMED: 05/29/2013 (A) ISSUER NAME: ATLANTA DEVELOPMENT AUTHORITY (PIEDMONT ELLIS) DATE THE REBATE COMPUTATION WAS PERFORMED: 09/01/2012 X 1 500 DONOR ESTIMATE X 44 728357 FMV X 1 4940 DONOR ESTIMATE X BASEBALL MACHINE 8 21356 DONOR ESTIMATE X OTHER 2 754 DONOR ESTIMATE 0 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION PROVIDES THE FEDERAL FORM 990 TO THE AUDIT COMMITTEE FOR REVIEW. ONCE APPROVED, THE 990 IS SENT TO THE FULL BOARD OF TRUSTEES FOR REVIEW AND COMMENTS. IT IS THEN FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION SENDS CONFLICT OF INTEREST STATEMENTS TO ALL TRUSTEES, DIRECTORS, AND SIGNIFICANT MEMBERS OF THE GSU FOUNDATION COMMUNITY TO DISCLOSE ANY POSSIBLE CONFLICTS. THE NOMINATING & GOVERNANCE COMMITTEE REGULARLY REVIEWS AND RESOLVES ANY CONFLICTS THAT MAY ARISE THROUGHOUT THE YEAR ON A CASE BY CASE BASIS. RESOLUTIONS BASED ON EACH SET OF CIRCUMSTANCES ARE RECORDED IN THE MINUTES. FORM 990, PART VI, SECTION B, LINE 15 ALL COMPENSATION REPORTED ON THE FORM 990 IS FROM AN UNRELATED ORGANIZATION (GEORGIA STATE UNIVERSITY) FOR SERVICES RENDERED TO GEORGIA STATE UNIVERSITY FOUNDATION, INC. COMPENSATION IS HANDLED ACCORDING TO GEORGIA STATE UNIVERSITY POLICY AND ALL DECISIONS ARE MADE THROUGH THE UNIVERSITY PROCESS. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE AT WWW.GSUFOUNDATION.ORG AND UPON REQUEST. PART XII LINE 2C THE AUDIT COMMITTEE PROVIDES INDEPENDENT OVERSIGHT WHICH INCLUDES SELECTING THE INDEPENDENT AUDITING FIRM FOR THE ANNUAL AUDIT, MEETING WITH THE AUDITOR PRIOR TO THE AUDIT TO DISCUSS THE SCOPE OF THE AUDIT, MEETING WITH THE AUDITOR AFTER THE ANNUAL AUDIT TO REVIEW THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS AND THE MANAGEMENT LETTER, ENSURING THAT MANAGEMENT ADDRESSES ANY ISSUES DETERMINED IN THE AUDITOR'S MANAGEMENT LETTER, RECOMMENDING THE ACCEPTANCE OF THE AUDIT TO THE EXECUTIVE COMMITTEE AND THE BOARD OF TRUSTEES, EDUCATING TRUSTEES ON AUDIT ISSUES, RECOMMENDING APPROVAL OF AUDIT FEES, REBIDDING THE SELECTION OF THE INDEPENDENT AUDIT FIRM EVERY 3-5 YEARS, APPROVING ACCOUNTING POLICIES AND STANDARDS, REVIEWING AND MAKING RECOMMENDATIONS ON INTERNAL CONTROLS, AND OVERSEEING POLICIES AND PROCEDURES FOR REPORTING QUESTIONABLE ACCOUNTING OR AUDITING MATTERS. UNIVERSITY LOFTS LLC PO BOX 2668 ATLANTA GA 30301 586033185 STUDENT HOUSING FACILITY FOR THE UNIVERSITY STUDENTS GA 3525954 62479 GEORGIA STATE UNIVERSITY FOUNDATION PIEDMONT ELLIS LLC PO BOX 2668 ATLANTA GA 30301 586033185 TO ACQUIRE, DEVELOP, OPERATE AND MANAGE REAL PROPERTY FOR STUDENT HOUSING GA 7589894 0 GEORGIA STATE UNIVERSITY FOUNDATION RIALTO CENTER LLC PO BOX 2668 ATLANTA GA 30301 586033185 TO PURCHASE AND RENOVATE THE RILTO THEATER FOR BENEFIT AND USE BY THE UNIV. GA 87913 134911 GEORGIA STATE UNIVERSITY FOUNDATION PANTHER PLACE LLC PO BOX 2668 ATLANTA GA 30301 586033185 TO PURCHASE THE SUNTRUST BUILD. TO PROVIDE OFFICE & CLASSROOM TO THE UNIV. GA 6691503 82855389 GEORGIA STATE UNIVERSITY FOUNDATION PANTHER LOT LLC PO BOX 2668 ATLANTA GA 30301 TO ACQUIRE, DEVELOP, OPERATE AND MANAGE REAL PROPERTY USED BY THE UNIVERSITY GA 104020 20000 GEORGIA STATE UNIVERSITY FOUNDATION PANTHER REAL ESTATE LLC PO BOX 2668 ATLANTA GA 30301 586033185 TO PURCHASE REAL ESTATE FOR USE OF THE UNIVERSITY GA 333107 0 GEORGIA STATE UNIVERSITY FOUNDATION PANTHER LAND LLC PO BOX 2668 ATLANTA GA 30301 586033485 PROVIDE PRACTICE FOOTBALL FIELD AND FACILITY TO THE UNIVERSITY GA 85398 0 GEORGIA STATE UNIVERSITY FOUNDATION PANTHER FIELDS LLC PO BOX 2668 ATLANTA GA 30301 586033185 PROVIDE FOOTBALL FIELD AND FACILITY TO THE UNIVERSITY GA 0 0 GEORGIA STATE UNIVERSITY FOUNDATION GEORGIA STATE UNIVERSITY BUILDING FOUNDATION PO BOX 2668 ATLANTA GA 303012668 581998542 LEGAL ENTITY TO HOLD TITLE TO THE PROPERTY GA 501C(2) GEORGIA STATE UNIVERSITY FOUNDATION 1 CHARITABLE REMAINDER UNITRUST (1) TRUST GA N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0