2014-05-14T12:53:02-05:00 2013-06-30 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2012-07-01 586333106 UNIVERSITY SYSTEM OF GEORGIA FOUNDATION INC UNIV 4049623057 270 WASHINGTON ST SW 7TH FLR ATLANTA GA 30334 CANDACE SOMMER 4049623057 2014-05-08 1 JEFF T FUCITO P00120748 7709558600 2014-04-28 X 2012 2015-11-30 17:44:51Z CANDACE SOMMER 270 WASHINGTON ST SW 7TH FLR ATLANTA GA 30334 20049164 0 X WWW.USGFOUNDATION.ORG X 1995 GA SEE SCHEDULE O FOR COMPLETE MISSION DESCRIPTION.THE UNIVERSITY SYSTEM OF GEORGIA FOUNDATION'S PRIMARY GOAL IS TO SUPPORT THE STATE OF GEORGIA UNIVERSITY SYSTEM AND ITS 31 COLLEGES AND UNIVERSITIES TO ENSURE ACCESS TO ACADEMIC EXCELLENCE AND EDUCATIONAL OPPORTUNITIES FOR ALL GEORGIANS. 16 16 0 85 0 0 899045 1202375 16523833 18309679 195431 262821 -180423 -184618 17437886 19590257 307299 375583 0 0 0 0 0 0 38627 13730302 16174216 14037601 16549799 3400285 3040458 297698584 295880380 288810647 283695569 8887937 12184811 X THE MISSION OF THE UNIVERSITY SYSTEM OF GEORGIA, A COOPERATIVE ORGANIZATION OF THE BOARD OF REGENTS, IS TO SUPPORT AND ADVANCE THE WORK OF THE UNIVERSITY SYSTEM OF GEORGIA CONSISTENT WITH THE UNIVERSITY SYSTEM'S STRATEGIC PLAN. 0 0 15055932 17459679 GHEFA SUPPORT: THE USG REAL ESTATE FOUNDATIONS WERE FORMED FOR THE PURPOSE OF CONSTRUCTING PROJECTS AND RENTING THE PROJECTS TO COLLEGES AND UNIVERSITIES WITHIN THE UNIVERSITY SYSTEM OF GEORGIA ON REAL ESTATE OWNED BY THE BOARD OF REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA. TO DATE, EIGHTEEN PROJECTS ON THIRTEEN CAMPUSES TOTALING $317 MILLION HAVE BEEN FINANCED THROUGH THE USG REAL ESTATE FOUNDATIONS. 444010 25261 USO AND BOR SUPPORT: THE USG FOUNDATION PROVIDES PROFESSIONAL, FINANCIAL AND ADMINISTRATIVE SERVICES TO THE OFFICE OF THE CHANCELLOR, THE BOARD OF REGENTS, THE USG SYSTEM OFFICE AND INSTITUTIONS TO ADVANCE THE WORK OF THE UNIVERSITY SYSTEM AS A WHOLE. FUND ACCOUNTS FALL INTO FOUR CATEGORIES: GRANTS, SCHOLARSHIPS, USG DISCRETIONARY ACCOUNTS, AND SPECIAL PROGRAMS AND INITIATIVES 360436 350322 SCHOLARSHIPS AND AWARDS: USGF PROVIDES SCHOLARSHIP FUNDS TO ALL USG INSTITUTIONS SO THAT THEY CAN OFFER NEEDS- AND MERIT-BASED SCHOLARSHIPS TO QUALIFIED STUDENTS. ADDITIONALLY, THE USGF ANNUALLY PROVIDES MONETARY AWARDS TO OUTSTANDING FACULTY SELECTED BY THE USG DEPARTMENT OF ACADEMIC AFFAIRS. 354333 850000 R&D PROGRAMMATIC GRANTS 354333 850000 16214711 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 15 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 GA X THE ORGANIZATION 4049623057 270 WASHINGTON ST SW 7TH FLR ATLANTA GA 30334 X KENNETH BERNARD JR 2.00 X X 0 0 0 NEIL PRUITT JR 0.50 X X 0 0 0 GITA HENDESSI 1.00 X X 0 0 0 C DEAN ALFORD 0.50 X 0 0 0 DALLAS COPELAND JR 0.50 X 0 0 0 HUGH CARTER JR 0.50 X 0 0 0 R A GRIFFIN 0.50 X 0 0 0 JULIE HUNT 0.50 X 0 0 0 NANCY JUNEAU 0.50 X 0 0 0 DONALD LEEBERN III 0.50 X 0 0 0 ELRIDGE MCMILLAN 0.50 X 0 0 0 MITESH SHAH 0.50 X 0 0 0 KIRBY THOMPSON 0.50 X 0 0 0 PHILIP WILHEIT SR 0.50 X 0 0 0 JIMMY YANCEY 0.50 X 0 0 0 HENRY M HUCKABY 0.50 40.00 X 0 497000 37107 CANDACE C SOMMER 40.00 X 0 106359 15254 0 603359 52361 0 0 1 0 MARRIOTT 10400 FERNWOOD ROAD BETHESDA MD 20817 FACILITIES USE 173727 1 682500 519875 104983 1202375 INTEREST-DIRECT FINANCE LEASE 531190 16227487 16227487 LEASE INCOME 531190 1180832 1180832 REGISTRATION FEES 900099 901360 901360 18309679 93449 93449 4929 4929 273812 109369 164443 164443 164443 160084 682500 349538 -189454 -189454 OTHER INCOME 900099 4836 4836 4836 19590257 18309679 0 78203 375583 375583 3932 518 3414 97059 97059 21224 10114 11110 578858 424213 154645 8324 8324 101170 89506 7744 3920 2136 2136 13830 13830 25806 23880 1926 273201 267376 5825 14976859 14976859 10466 10466 EQUIPMENT RENTAL 14518 14518 PUBLICATIONS 14485 14485 MEMBERSHIP DUES/SUBSCRI 11328 2058 9270 DECORATIONS 8365 8365 12655 9990 78 2587 16549799 16214711 296461 38627 699642 261730 35070 36907 4926075 6557819 273119173 270213547 18918624 18810377 297698584 295880380 84303 687819 287140730 283007750 1585614 0 288810647 283695569 X 8393727 10577893 494210 1533127 73791 8887937 12184811 297698584 295880380 3040458 256416 0 X X 0 1 X 1 0 X X X 0 0 0 UNIVERSITY SYSTEM OF GEORGIA 586002348 GOVERNMENT AFFILIATE 1 1 1 350322 1 350322 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 4081128 73791 257132 4412051 4006066 75062 4081128 0.98320 0.01680 1 0 0 INVESTMENTS IN FINANCE LEASE 270213547 F 270213547 ASSETS LIMITED TO USE 13087020 INTEREST RECEIVABLE 1301392 DEBT ISSUANCE COST 4421965 18810377 X 20170157 256417 323483 579900 19590257 0 19590257 16873282 323483 323483 16549799 0 16549799 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO SUPPORT THE EXEMPT PURPOSES OF THE FOUNDATION. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE IRS CODE. THE FOUNDATION CONSIDERS ALL OF ITS ACTIVITIES TO BE DIRECTLY RELATED TO IT'S EXEMPT PURPOSE IN THIS TAX YEAR, ACCORDINGLY, THERE WERE NO INCOME TAXES PAID BY THE FOUNDATION. THE FOUNDATION DOES NOT BELIEVE IT HAS ANY UNCERTAIN TAX POSITIONS THROUGH THE YEAR ENDED. GALA 2012 842584 682500 160084 0 71090 105831 5000 167617 842584 682500 160084 71090 105831 5000 167617 349538 -189454 1 ABRAHAM BALDWIN AGRICULTURAL COLLEGE FOUNDATION ABAC 13 2802 MOORE HWY TIFTON GA 31793 586073263 4800 SCHOLARSHIPS ALBANY STATE UNIVERSITY FOUNDATION 504 COLLEGE DRIVE ALBANY GA 31705 237032763 8000 SCHOLARSHIPS ARMSTRONG ATLANTIC STATE UNIVERSTIY FOUNDATION 11935 ABERCORN STREET SAVANNAH SAVANNAH GA 31419 581577237 8000 SCHOLARSHIPS ATLANTA METROPOLITAN COLLEGE FOUNDATION 1630 METROPOLITAN PARKWAY ATLANTA GA 30310 581727943 15932 SCHOLARSHIPS BAINBRIDGE COLLEGE FOUNDATION 2500 EAST SHOTWELL STREET BAINBRIDGE GA 39819 3200 SCHOLARSHIPS CAMILO CABALLERO 209 EAGLES CREST CIRCLE MCDONOUGH GA 30253 7000 SCHOLARSHIPS CLAYTON STATE UNIVERSITY FOUNDATION 2000 CLAYTON STATE BOULEVARD MORROW GA 30260 237419285 12712 SCHOLARSHIPS COLLEGE OF COASTAL GEORGIA FOUNDATION ONE COLLEGE DRIVE BRUNSWICK GA 31520 586072323 5072 SCHOLARSHIPS COLUMBUS STATE UNIVERSITY FOUNDATION 4225 UNIVERSITY AVENUE MORROW GA 31907 8000 SCHOLARSHIPS DALTON STATE COLLEGE FOUNDATION 650 COLLEGE DRIVE DALTON GA 30720 586067358 4800 SCHOLARSHIPS DARTON COLLEGE FOUNDATION 2400 GILLIONVILLE ROAD ALBANY GA 31717 580964652 3200 SCHOLARSHIPS EAST GEORGIA STATE COLLEGE FOUNDATION 131 COLLEGE CIRCLE SWAINSBORO GA 30401 581318200 6400 SCHOLARSHIPS FORT VALLEY STATE UNIVERSITY FOUNDATION 1005 STATE UNIVERSITY DRIVE FORT VALLEY GA 31030 237281905 8000 SCHOLARSHIPS GAINESVILLE STATE COLLEGE FOUNDATION 82 COLLEGE CIRCLE DAHLONEGA GA 30597 3046 SCHOLARSHIPS GEORGIA COLLEGE & STATE UNIVERSITY FOUNDATION CAMPUS BOX 096 MILLEDGEVILLE GA 31061 586043972 8000 SCHOLARSHIPS GEORGIA GWINNETT COLLEGE FOUNDATION 1000 UNIVERSITY CENTER LANE LAWRENCEVILLE GA 30043 205107997 13178 SCHOLARSHIPS GEORGIA HIGHLANDS COLLEGE FOUNDATION 3175 CEDARTOWN HIGHWAY ROME GA 30161 237332373 3200 SCHOLARSHIPS GEORGIA PERIMETER COLLEGE FOUNDATION 3251 PANTHERVILLE ROAD A2810 DECATUR GA 300343832 581492364 7532 SCHOLARSHIPS GEORGIA REGENTS UNIVERSITY FOUNDATION INC 1120 15TH STREET HSB-307 AUGUSTA GA 30912 586002053 10000 SCHOLARSHIPS GEORGIA SOUTHERN UNIVERSITY FOUNDATION PO BOX 8053 2472 AKINS BOULEVARD STATESBORO GA 30460 586034031 8578 SCHOLARSHIPS GEORGIA SOUTHWESTERN STATE UNIVERSITY FOUNDATION PO BOX 926 AMERICUS GA 31709 581386358 8000 SCHOLARSHIPS GEORGIA STATE UNIVERSITY FOUNDATION ONE PARK PLACE SUITE 533 ATLANTA GA 30303 586033185 23508 SCHOLARSHIPS GEORGIA STUDENT FINANCE FOUNDATION 3400 PEACHTREE ROAD NE ATLANTA GA 30326 50000 SCHOLARSHIPS GEORGIA TECH FOUNDATION INC 760 SPRING STREET 4TH FLOOR ATLANTA GA 30308 586043294 22918 SCHOLARSHIPS GORDON COLLEGE FOUNDATION 419 COLLEGE DRIVE BARNESVILLE GA 30204 237271047 4800 SCHOLARSHIPS KENNESAW STATE UNIVERSITY FOUNDATION 1000 CHASTAIN ROAD MD9101 KENNESAW GA 30144 237034345 13642 SCHOLARSHIPS MACON STATE COLLEGE FOUNDATION PO BOX 8053 2472 AKINS BOULEVARD STATESBORO GA 30460 336 SCHOLARSHIPS MIDDLE GEORGIA STATE COLLEGE FOUNDATION 100 COLLEGE STATION DRIVE MACON GA 31206 4800 SCHOLARSHIPS SAVANNAH STATE UNIVERSITY FOUNDATION PO BOX 20439 SAVANNAH GA 31404 237305890 8000 SCHOLARSHIPS SKIDAWAY INSTITUTE OF OCEANOGRAPHY FOUNDATION 10 OCEAN SCIENCE CIRCLE SAVANNAH GA 31411 1800 SCHOLARSHIPS SOUTH GEORGIA COLLEGE FOUNDATION 3200 SCHOLARSHIPS SOUTHERN POLYTECHNIC STATE UNIVERSITY FOUNDATION 1100 S MARIETTA PARKWAY MARIETTA GA 30060 581274394 13456 SCHOLARSHIPS UNIVERSITY OF GEORGIA 394 SOUTH MILLEDGE AVENUE ATHENS GA 30602 586033837 18160 SCHOLARSHIPS UNIVERSITY OF NORTH GEORGIA FOUNDATION - DAHLONEGA INC PO BOX 1599 DAHLONEGA GA 30533 237066297 8000 SCHOLARSHIPS UNIVERSITY OF WEST GEORGIA FOUNDATION 1601 MAPLE STREET CARROLLTON GA 30118 586056464 13052 SCHOLARSHIPS VALDOSTA STATE UNIVERSITY FOUNDATION 1500 NORTH PATTERSON STREET VALDOSTA GA 31698 581582136 8000 SCHOLARSHIPS 36 0 0 0 0 0 0 0 0 0 0 HENRY M HUCKABY 0 497000 0 0 0 0 0 23562 0 13545 0 534107 0 0 A GEORGIA HIGHER EDUCATION FACILITIES AUTHORITY 134350870 373511AV6 2008-11-26 97319438 USG REAL ESTATE FOUNDATION I, LLC CONSTRUCTION PROJECTS 0 1 0 B GEORGIA HIGHER EDUCATION FACILITIES AUTHORITY 134350870 373511BN3 2009-07-23 99499014 USG REAL ESTATE FOUNDATION II, LLC CONSTRUCTION PROJECTS 0 1 0 C GEORGIA HIGHER EDUCATION FACILITIES AUTHORITY 134350870 373511CP7 2010-08-12 96338571 USG REAL ESTATE FOUNDATION III, LLC CONSTRUCTION PROJECTS 0 1 0 A 0 0 0 0 B 0 0 0 0 C 0 0 0 0 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 X AUCTION ITEMS 281 89284 ACTUAL PROCEEDS X DONATED BEVERAGES FOR FUNDRAISER 1 6171 RETAIL VALUE X INVITATION CARDS FOR FUNDRAISER 1 9528 RETAIL VALUE 0 0 0 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTIONS: PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11 A COMPLETE DRAFT OF THE 990 WILL BE PRESENTED TO THE FULL BOARD ELECTRONICALLY FOR ANY QUESTIONS AND COMMENTS AND/OR REVISIONS WITH A TWO WEEK DEADLINE. IF THERE AREN'T ANY SUGGESTED REVISIONS OR COMMENTS, THE 990 WILL BE APPROVED AS IT AND FILED. IT WILL THEN BE PRESENTED ON OUR WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 ANNUAL REPORTS ARE POSTED ON THE USG FOUNDATION WEBSITE. ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990 PART VII HENRY HUCKABY IS EMPLOYED AS CHANCELLOR OF THE GEORGIA BOARD OF REGENTS. HE WORKS APPROXIMATELY 40 HOURS A WEEK FOR THE BOARD. FORM 990 PART CI LINE 2C THE FINANCIAL STATEMENT OVERSIGT PROCESS HAS NOT CHANGED FROM PRIOR YEARS. THE AUDIT WAS CONDUCTED BY THE SAME AUDITORS AS IN THE PRIOR YEAR. FORM 990 PAGE 1 LINE 5 THE USG/GEORGIA BOARD OF REGENTS LOANS EMPLOYEES TO THE UNIVERSITY SYSTEM OF GEORGIA FOUNDATION. THE FOUNDATION REIMBURSES THE BOARD OF REGENTS SYSTEM OFFICE FOR A PORTION OF SALARIES AND BENEFITS. THE FOUNDATION DOES NOT RECOGNIZE DONATED SALARIES AS REVENUE, NOR EXPENSE. 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