MIDDLE GEORGIA STATE COLLEGE REAL ESTATE FOUNDATION INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- MIDDLE GEORGIA STATE COLLEGE REAL ESTATE FOUNDATION INC (EIN 23-7356941)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-02-06
- IRS object ID
- 201300379349301200
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule I
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-02-06T16:15:05-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 582475857 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NICHOLS CAULEY & ASSOCIATES LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 400 CORDER ROAD | AddressLine1 |
| City | WARNER ROBINS | City |
| State | GA | State |
| ZIP Code | 310887166 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237356941 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MIDDLE GEORGIA COLLEGE FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MIDD | NameControl |
| Phone | 4789343518 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1100 SECOND STREET SE | AddressLine1 |
| City | COCHRAN | City |
| State | GA | State |
| ZIP Code | 31014 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | CHARLES PARKER | Name |
| Title | CHAIRMAN | Title |
| Phone | 4789343012 | Phone |
| Date Signed | 2013-01-30 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LENN L HALL | Name |
| PTIN | P00530393 | PTIN |
| Phone | 4789293888 | Phone |
| Date Prepared | 2013-01-30 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | CHARLES PARKER | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1100 2ND STREET SE | AddressLine1 |
| City | COCHRAN | City |
| State | GA | State |
| ZIP Code | 31014 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 3910527 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.MGC.EDU/FOUNDATION | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1973 | YearFormation |
| State Legal Domicile | GA | StateLegalDomicile |
| Activity Or Mission Description | PROVIDE SCHOLARSHIPS, ETC. TO MIDDLE GA COLLEGE | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 6 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 6 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 50 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 141966 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 224999 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 251492 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 276489 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 3394387 | InvestmentIncomePriorYear |
| Investment Income Current Year | 3401127 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 2912 | OtherRevenuePriorYear |
| Other Revenue Current Year | 7912 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 3790757 | TotalRevenuePriorYear |
| Total Revenue Current Year | 3910527 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 129176 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 118305 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 0 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 10200 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 3356496 | OtherExpensePriorYear |
| Other Expenses Current Year | 4899978 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 3495872 | TotalExpensesPriorYear |
| Total Expenses Current Year | 5018283 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 294885 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -1107756 | RevenuesLessExpensesCY |
| Total Assets BOY | 76853469 | TotalAssetsBOY |
| Total Assets EOY | 75590683 | TotalAssetsEOY |
| Total Liabilities BOY | 66185377 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 64478027 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 10668092 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 11112656 | NetAssetsOrFundBalancesEOY |
| Mission Description | MIDDLE GEORGIA COLLEGE FOUNDATION, INC. OPERATES TO SUPPORT MIDDLE GEORGIA COLLEGE BY PROVIDING SCHOLARSHIP FUNDS, SUPPORT FOR ATHLETIC AND OTHER SCHOOL PROGRAMS AND PROVISION OF STUDENT RESIDENCE HALLS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 223143 | Expense |
| Grants | 118305 | Grants |
| Description | AWARDING SCHOLARSHIPS AND PROVIDING SUPPORT FOR SCHOOL ACTIVITIES AT MIDDLE GEORGIA COLLEGE. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 4720240 | Expense |
| Revenue | 281489 | Revenue |
| Description | PROVIDE STUDENT HOUSING FOR STUDENTS AT MIDDLE GEORGIA COLLEGE IN RESIDENCE HALLS CONSTRUCTED WITH PROCEEDS FROM THE SALE OF TAX-EXEMPT BONDS ISSUED FOR THAT SPECIFIC PURPOSE. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 4943383 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 1 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 2 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form1098 C Filed | 0 | Form1098CFiled |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 6 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 6 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 1 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | GA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MRS LYNN HOBBS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 4789343518 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1100 SECOND STREET SE | AddressLine1 |
| City | COCHRAN | City |
| State | GA | State |
| ZIP Code | 31014 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (20 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| MR JOHN BLACK | ||||||
| FOUNDATION TRUSTEE | 0.50 | X | 0 | 0 | 0 | |
| MR DAVID LANIER | ||||||
| FOUNDATION TRUSTEE | 0.50 | X | 0 | 0 | 0 | |
| MR JOHN PHILLIPS | ||||||
| FOUNDATION TRUSTEE | 0.50 | X | 0 | 0 | 0 | |
| MR RONNIE ROLLINS | ||||||
| FOUNDATION TRUSTEE | 0.50 | X | 0 | 0 | 0 | |
| MR CHARLES PARKER SR | ||||||
| FOUNDATION CHAIRMAN | 2.00 | X | 0 | 0 | 0 | X |
| MR DWIGHT JONES | ||||||
| FOUNDATION SEC/TREASURER | 2.00 | X | 0 | 0 | 0 | X |
| MR CAREY MARTIN | ||||||
| BOARD MEMBER-MGC R/E FOUND LLC | 0.30 | X | 0 | 0 | 0 | |
| MR CASEY PAULK | ||||||
| BOARD MEMBER-MGC R/E FOUND LLC | 0.30 | X | 0 | 0 | 0 | |
| MR CHARLES PARKER SR | ||||||
| PRESIDENT-MGC R/E FOUND LLC | 0.30 | X | 0 | 0 | 0 | X |
| MR JOHN PHILLIPS | ||||||
| VICE PRESIDENT-MGC R/E FOUND LLC | 0.30 | X | 0 | 0 | 0 | X |
| MR JOHN BLACK | ||||||
| EXEC VICE PRES-MGC R/E FOUND LLC | 0.30 | X | 0 | 0 | 0 | X |
| MS NANCY STROUD | ||||||
| TREASURER-MGC R/E FOUND LLC | 0.30 | X | 0 | 0 | 0 | X |
| MR DWIGHT JONES | ||||||
| SECRETARY-MGC R/E FOUND LLC | 0.30 | X | 0 | 0 | 0 | X |
| MR CAREY MARTIN | ||||||
| BOARD MEMBER-MGC R/E FOUND LLC II | 0.30 | X | 0 | 0 | 0 | |
| MR CASEY PAULK | ||||||
| BOARD MEMBER-MGC R/E FOUND LLC II | 0.30 | X | 0 | 0 | 0 | |
| MR CHARLES PARKER SR | ||||||
| PRESIDENT-MGC R/E FOUND LLC II | 0.30 | X | 0 | 0 | 0 | X |
| MR JOHN PHILLIPS | ||||||
| VICE PRESIDENT-MGC R/E FOUND LLC II | 0.30 | X | 0 | 0 | 0 | X |
| MR JOHN BLACK | ||||||
| EXEC VICE PRES-MGC R/E FOUND LLC II | 0.30 | X | 0 | 0 | 0 | X |
| MS NANCY STROUD | ||||||
| TREASURER-MGC R/E FOUND LLC II | 0.30 | X | 0 | 0 | 0 | X |
| MR DWIGHT JONES | ||||||
| SECRETARY-MGC R/E FOUND LLC II | 0.30 | X | 0 | 0 | 0 | X |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 224999 | AllOtherContributions |
| Noncash Contributions | 67036 | NoncashContributions |
| Total Contributions | 224999 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | RENTAL INCOME-STUDENT | Description |
| Business Code | 531110 | BusinessCode |
| Total Revenue Column | 276489 | TotalRevenueColumn |
| Related Or Exempt Function Income | 276489 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 276489 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3401127 | TotalRevenueColumn |
| Exclusion | $3,401,127 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| MANAGEMENT FEE INCOME | 900099 | 5000 | 5000 | |
| BOND AMORTIZATION PREM | 900099 | 2912 | $2,912 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 7912 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3910527 | TotalRevenueColumn |
| Related Or Exempt Function Income | 281489 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $3,404,039 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 118305 | Total |
| Program Services | 118305 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 26828 | Total |
| Management And General | 26828 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38018 | Total |
| Management And General | 38018 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3100412 | Total |
| Program Services | 3100412 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 104838 | Total |
| Program Services | 104838 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| TRANSFER OF EXCESS BOND | 1500000 | 1500000 |
| AMORTIZATION OF BOND IS | 65949 | 65949 |
| BUILDING SUPPLIES | 34241 | 34241 |
| MANAGEMENT FEES | 12638 | 12638 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17054 | Total |
| Program Services | 7000 | ProgramServices |
| Management And General | 10054 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5018283 | Total |
| Program Services | 4943383 | ProgramServices |
| Management And General | 74900 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 209506 | BOY |
| EOY | 228302 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 771611 | BOY |
| EOY | 200000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 886332 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 461663 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 480007 | BOY |
| EOY | 424669 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 153957 | BOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10981108 | BOY |
| EOY | 10706374 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 62596326 | BOY |
| EOY | 62416538 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1660954 | BOY |
| EOY | 1614800 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 76853469 | BOY |
| EOY | 75590683 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3115377 | BOY |
| EOY | 1583027 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 63070000 | BOY |
| EOY | 62895000 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 66185377 | BOY |
| EOY | 64478027 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9273388 | BOY |
| EOY | 9607525 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 491816 | BOY |
| EOY | 557882 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 902888 | BOY |
| EOY | 947249 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10668092 | BOY |
| EOY | 11112656 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 76853469 | BOY |
| EOY | 75590683 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -1107756 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 1552320 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 0 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Support Org170b1 Aiv | X | CollegeSupportOrg170b1Aiv |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 119679 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 342381 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 390435 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 141966 | CurrentTaxYearMinus1Year |
| Current Tax Year | 224999 | CurrentTaxYear |
| Total | 1219460 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 119679 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 342381 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 390435 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 141966 | CurrentTaxYearMinus1Year |
| Current Tax Year | 224999 | CurrentTaxYear |
| Total | 1219460 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 1219460 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 211586 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 347143 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 299834 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 269799 | CurrentTaxYearMinus1Year |
| Current Tax Year | 269606 | CurrentTaxYear |
| Total | 1397968 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | -44150 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | -230882 | CurrentTaxYearMinus3Years |
| Current Tax Year | 18057 | CurrentTaxYear |
| Total | -256975 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 2360453 | TotalSupport |
| Gross Receipts From Admissions Etc | 1111805 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.51660 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.10400 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
| General Explanation | SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: THE FOLLOWING COST REIMBURSEMENT AMOUNTS BY YEAR, WHICH ARE RELATED TO THE LEASING OF THE STUDENT HOUSING BUILT BY THE FOUNDATION WITH THE TAX-EXEMPT BONDS LISTED IN SCHEDULE K, ARE NOT REFLECTED AS INCOME ITEMS ON THE SUPPORT SCHEDULE. THE FOUNDATION RECEIVES CERTAIN AMOUNTS FROM MIDDLE GEORGIA COLLEGE FOR THE STUDENT HOUSING, AND THOSE AMOUNTS ARE PASSED THROUGH TO THE HOLDERS OF THE TAX-EXEMPT BONDS ISSUED IN PAYMENT OF THE CONSTRUCTION COSTS OF THE STUDENT HOUSING. SUCH COST REIMBURSEMENT AMOUNTS ARE NOT PROPERLY CLASSIFIED AS CONTRIBUTIONS TO THE FOUNDATION OR AS GROSS RECEIPTS FROM RELATED ACTIVITIES. THESE AMOUNTS ARE PART OF A COST-SHARING ARRANGEMENT WHEREBY THE FOUNDATION PASSES THROUGH THE BOND COSTS TO THE COLLEGE. THAT TYPE OF ARRANGEMENT DOES NOT PRODUCE INCOME IN THE NORMAL SENSE OF THE WORD. IN PRIOR YEARS, THESE FOLLOWING AMOUNTS WERE IMPROPERLY INCLUDED AS "OTHER INCOME" ON LINE 10 OF THE SUPPORT SCHEDULE. 2007- INTEREST INCOME FROM SALES-TYPE CAPITAL LEASE $1,258,652 BOND AMORTIZATION PREMIUM $2,912 2008- INTEREST INCOME FROM SALES-TYPE CAPITAL LEASE $1,867,060 BOND AMORTIZATION PREMIUM $2,912 2009- INTEREST INCOME FROM SALES-TYPE CAPITAL LEASE $3,018,797 BOND AMORTIZATION PREMIUM $2,912 2010- INTEREST INCOME FROM SALES-TYPE CAPITAL LEASE $3,124,588 BOND AMORTIZATION PREMIUM $2,912 2011- INTEREST INCOME FROM SALES-TYPE CAPITAL LEASE $3,118,464 BOND AMORTIZATION PREMIUM $2,912 PART II, SECTION B, LINE 10, OTHER INCOME (2011): MANAGEMENT FEE INCOME $5,000 CAPITAL GAINS FROM INVESTMENTS $13,057 | GeneralExplanation |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 938477 | BeginningOfYearBalance |
| Contributions | 44763 | Contributions |
| Investment Earnings Or Losses | 32613 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 14148 | GrantsOrScholarships |
| End Of Year Balance | 1001705 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 876554 | BeginningOfYearBalance |
| Contributions | 54636 | Contributions |
| Investment Earnings Or Losses | 15387 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 8100 | GrantsOrScholarships |
| End Of Year Balance | 938477 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 788416 | BeginningOfYearBalance |
| Contributions | 82157 | Contributions |
| Investment Earnings Or Losses | 17106 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 11125 | GrantsOrScholarships |
| End Of Year Balance | 876554 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 869484 | BeginningOfYearBalance |
| Contributions | 51597 | Contributions |
| Investment Earnings Or Losses | -59840 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 63170 | GrantsOrScholarships |
| Other Expenditures | 9655 | OtherExpenditures |
| End Of Year Balance | 788416 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 0.94560 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.05440 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 16332 | OtherCostOrOtherBasis |
| Book Value | 16332 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 870000 | OtherCostOrOtherBasis |
| Depreciation | 461663 | Depreciation |
| Book Value | 408337 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 424669 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| INVESTMENTS DESIGNATED FOR CONSTRUCTION & DEBT SERVICE | 9594584 | F |
| BOARD OF REGENTS POOLED INVESTMENT PROGRAM | 1111790 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 10706374 | TotalOfBookValueSecurities |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | NET INVESTMENT IN SALES-TYPE CAPITAL LEASE | Description |
| Book Value | 62416538 | BookValue |
| Method Of Valuation | C | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 62416538 | TotalOfBookValueProgramRelated |
| Total Revenue | 3910527 | TotalRevenue |
| Total Expenses | 5018283 | TotalExpenses |
| Excess Or Deficit For Year | -1107756 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -1291 | NetUnrealizedGLOnInvestments |
| Other | $1,553,611 | OtherAmount |
| Total Adjustments | 1552320 | TotalAdjustments |
| Excess Or Deficit Per FS | 444564 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 3925497 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | 19970 | OtherRevenues |
| Revenue Not Rptd F990 | 19970 | RevenueNotRptdF990 |
| Revenue Subtotal | 3905527 | RevenueSubtotal |
| Other Revenues Not Included | 5000 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 5000 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 3910527 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 3480933 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 3480933 | ExpensesSubtotal |
| Other Expenses Not Included | 1537350 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 1537350 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 5018283 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | THE FOUNDATION'S ENDOWMENT FUNDS CONSIST OF TEMPORARILY AND PERMANENTLY RESTRICTED FUNDS. THE TEMPORARILY RESTRICTED FUNDS ARE AVAILABLE FOR SPECIFIC SCHOLARSHIPS AND AWARDS OR FOR USE IN FUTURE PERIODS. THE PERMANENTLY RESTRICTED FUNDS ARE BEING HELD INDEFINITELY AND THE INCOME FROM WHICH IS EXPENDABLE FOR THE FOUNDATION'S SUPPORT. THE INTENDED USE OF ALL ENDOWMENT FUNDS IS TO EXPAND EDUCATIONAL OPPORTUNITIES, SUPPORT ATHLETIC PROGRAMS AND AWARD SCHOLARSHIPS FOR THE BENEFIT OF THE STUDENTS OF MIDDLE GEORGIA COLLEGE. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | THE FOLLOWING FOOTNOTE IS INCLUDED IN THE NOTES TO THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS REGARDING THE FOUNDATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 (ASC 740): MIDDLE GEORGIA COLLEGE FOUNDATION, INC. IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DOES NOT CONDUCT UNRELATED BUSINESS ACTIVITIES. THEREFORE, THE FOUNDATION HAS MADE NO PROVISION FOR FEDERAL INCOME TAXES IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. IN ADDITION, THE FOUNDATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. 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. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | ADJUSTMENT TO REVENUE & EXPS TO CONVERT GAAP FINANCIAL STMTS TO CASH BASIS 1,553,611. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | ADJUSTMENT TO REVENUE TO CONVERT GAAP FINANCIAL STMTS TO CASH BASIS FORM 990 19,970. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | INCOME NETTED AGAINST EXPENSE IN GAAP FINANCIAL STMTS BUT NOT CASH BASIS 990 5,000. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | ADJUSTMENT TO EXPS TO CONVERT GAAP FINANCIAL STMTS TO CASH BASIS FORM 990 1,532,350. INCOME NETTED AGAINST EXPENSE IN GAAP FINANCIAL STMTS BUT NOT CASH BASIS 990 5,000. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (4 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Method Of ValuationMethodOfValuation | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance |
|---|---|---|---|---|
| SCHOLARSHIPS AWARDED TO STUDENTS AT MIDDLE GEORGIA COLLEGE | 90 | 63053 | BOOK (SAME AS FMV) | N/A |
| ATHLETIC PROGRAM SCHOLARSHIPS TO STUDENTS AT MIDDLE GEORGIA COLLEGE | 3 | 9842 | BOOK (SAME AS FMV) | N/A |
| SUPPORT PROVIDED FOR VARIOUS ATHLETIC PROGRAMS AT MIDDLE GEORGIA COLLEGE; STUDENTS IN GENERAL BENEFITED WITH NO SPECIFIC RECIPIENTS. | 7804 | BOOK (SAME AS FMV) | N/A | |
| SUPPORT PROVIDED FOR ALUMNI AND OTHER STUDENT ACTIVITIES AT MIDDLE GEORGIA COLLEGE | 550 | 37606 | BOOK (SAME AS FMV) | N/A |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: SCHOLARSHIP AWARDS - THE VICE PRESIDENT FOR FISCAL AFFAIRS PROVIDES THE SCHOLARSHIP COMMITTEE WITH A LIST OF SCHOLARSHIPS AVAILABLE AND THE AMOUNT AVAILABLE FOR AWARD IN JANUARY OF EACH YEAR BASED UPON THE DECEMBER MONTH END BALANCES. THE DIRECTOR OF ADVANCEMENT MAINTAINS A SCHOLARSHIP INFORMATION DOCUMENT WHICH LISTS EACH SCHOLARSHIP AND THE ELIGIBILITY REQUIREMENTS FOR EACH AWARD. THE DIRECTOR OF ADVANCEMENT SERVES AS A PRIMARY CONTACT FOR THE SCHOLARSHIP COMMITTEE. STUDENTS COMPLETE A SCHOLARSHIP APPLICATION FOR CONSIDERATION FOR SCHOLARSHIPS. THE SCHOLARSHIP COMMITTEE REVIEWS THE APPLICATIONS IN LIGHT OF THE ELIGIBILITY REQUIREMENTS OF THE AWARDS AND DETERMINES THE RECIPIENTS OF THE SCHOLARSHIPS. A SCHOLARSHIP AWARD FORM IS COMPLETED AND APPROVED BY THE SCHOLARSHIP COMMITTEE. THE VICE PRESIDENT OF FISCAL AFFAIRS APPROVES THE AWARD FORM AFTER VERIFYING THAT THE TOTAL DOLLAR AMOUNT IS AVAILABLE. THE FINANCIAL AID OFFICE REVIEWS THE FORM AND MAKES THE AWARD ON THE STUDENTS' ACCOUNT. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| BLECKLEY-COCHRAN DEVELOPMENT AUTHORITY | |||||||
| 030574334 | 09348PBC9 | 2005-11-29 | 26899298 | CONSTRUCTION OF STUDENT HOUSING FOR STUDENTS OF MIDDLE GEORGIA COLLEGE | 0 | 0 | 0 |
| JOINT DEVELOPMENT AUTHORITY OF BLECKLEY COUNTY AND DODGE COUNTY | |||||||
| 261894499 | 09349AAJ7 | 2008-02-20 | 35665315 | CONSTRUCTION OF STUDENT HOUSING FOR STUDENTS OF MIDDLE GEORGIA COLLEGE | 0 | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|
| 2007 | 0 | 0 | 1 | 1 |
| 2009 | 0 | 0 | 1 | 1 |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 |
Schedule M IRS990ScheduleM
Boats And Planes BoatsAndPlanes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 49500 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (3 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | COMPUTER | 1 | 500 | FAIR MARKET VALUE |
| X | LANDSCAPING | 1 | 10000 | FAIR MARKET VALUE |
| X | ITEMS FOR GALA | 18 | 7036 | FAIR MARKET VALUE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS PREPARED BY NICHOLS, CAULEY AND ASSOCIATES, LLC, CERTIFIED PUBLIC ACCOUNTANTS, AND FORWARDED FOR REVIEW TO LYNN HOBBS WHO MAINTAINS THE FINANCIAL RECORDS FOR THE FOUNDATION. A COPY OF THE 990 IS MAILED OR EMAILED TO EACH MEMBER OF THE EXECUTIVE COMMITTEE FOR REVIEW PRIOR TO FILING THE FORM 990. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE FOLLOWING PROCEDURES ARE USED BY THE FOUNDATION TO REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE ITS CONFLICT OF INTEREST POLICY: 1. EACH NEW RESPONSIBLE PERSON (ANY 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 ANNUALLY COMPLETE A DISCLOSURE FORM 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 ARISING. 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 MIDDLE GEORGIA COLLEGE FOUNDATION, INC. 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, THE EXECUTIVE DIRECTOR, 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. | |
| NO COMPENSATION WAS PAID BY THE ORGANIZATION. | ||
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| FORM 990, PART VII | MR. JOHN BLACK - 1100 SECOND ST., SE, COCHRAN, GA 31014. MR. DAVID LANIER - 201 SECOND STREET, MACON, GA 31201. MR. JOHN PHILLIPS - P. O. BOX 192, COCHRAN, GA 31014. MR. RONNIE ROLLINS - P. O. BOX 339, MACON, GA 31202. MR. CHARLES PARKER, SR. - 106 SURREY PLACE, PERRY, GA 31069. MR. DWIGHT JONES - P. O. BOX 7006, MACON, GA 31209. MR. CAREY MARTIN - 1601 WATSON BLVD, WARNER ROBINS, GA 31093. MR. JOHN BLACK - 1100 SECOND ST., SE, COCHRAN, GA 31014. MR. CASEY PAULK - 1088 COLEY STATION RD, COCHRAN, GA 31014. MR. JOHN PHILLIPS - P. O. BOX 192, COCHRAN, GA 31014. MS. NANCY STROUD - 1100 SECOND ST., SE, COCHRAN, GA 31014. MR. CHARLES PARKER, SR. - 106 SURREY PLACE, PERRY, GA 31069. MR. DWIGHT JONES - P. O. BOX 7006, MACON, GA 31209. MR. JOHN BLACK - 1100 SECOND ST., SE, COCHRAN, GA 31014. MR. CAREY MARTIN - 1601 WATSON BLVD, WARNER ROBINS, GA 31093. MR CASEY PAULK - 1088 COLEY STATION RD, COCHRAN, GA 31014. MR. JOHN PHILLIPS - P. O. BOX 192, COCHRAN, GA 31014. MS. NANCY STROUD - 1100 SECOND ST., SE, COCHRAN, GA 31014. MR. CHARLES PARKER, SR. - 106 SURREY PLACE, PERRY, GA 31069. MR. DWIGHT JONES - P. O. BOX 7006, MACON, GA 31209. | CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -1,291. ADJUSTMENT TO REVENUE & EXPS TO CONVERT GAAP FINANCIAL STMTS TO CASH BASIS 1,553,611. TOTAL TO FORM 990, PART XI, LINE 5: 1,552,320. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XI, LINE 2C | THE FOUNDATION HAS NO FORMAL COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT. HOWEVER, LYNN HOBBS IS THE PRIMARY PERSON RESPONSIBLE FOR PROVIDING INFORMATION TO THE AUDITORS. | OVERSIGHT OF AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT |
| SCHEDULE K, PART II, LINE 5, COLUMN A: | ISSUANCE COSTS FROM PROCEEDS INCLUDE BOND ISSUANCE COSTS OF $531,305 AND CREDIT ENHANCEMENT COSTS OF $219,929. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Total IncomeTotalIncome | EOY AssetsEOYAssets | Direct Controlling Entity NADirectControllingEntityNA |
|---|---|---|---|---|---|---|---|---|---|
| MGC REAL ESTATE FOUNDATION LLC | |||||||||
| 1100 SECOND STREET SE | COCHRAN | GA | 31014 | 203650644 | CONSTRUCTION OF STUDENT HOUSING FACILITIES | GA | 1522602 | 30369290 | N/A |
| MGC REAL ESTATE FOUNDATION II LLC | |||||||||
| 1100 SECOND STREET SE | COCHRAN | GA | 31014 | 261742855 | CONSTRUCTION OF STUDENT HOUSING FACILITIES | GA | 2119392 | 43249880 | N/A |
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MIDDLE GEORGIA COLLEGE | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1100 SECOND STREET SE | AddressLine1 |
| City | COCHRAN | City |
| State | GA | State |
| ZIP Code | 31014 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 586002057 | EIN |
| Primary Activities | FOUNDATION OPERATES IN CONNECTION WITH & FOR BENEFIT OF MIDDLE GA COLLEGE | PrimaryActivities |
| Legal Domicile State | GA | LegalDomicileState |
| Exempt Code Section | IRC SECTION 501(A) | ExemptCodeSection |
| Public Charity Status | 501(C)(3) | PublicCharityStatus |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 1 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| MIDDLE GEORGIA COLLEGE | ||
| B | 55252 | CASH PAID |
| MIDDLE GEORGIA COLLEGE | ||
| I | 3118464 | CASH RECEIVED |
| MIDDLE GEORGIA COLLEGE | ||
| Q | 1500000 | CASH PAID |