2013-11-15T12:50:36-06:00 2013-06-30 REDDICK RIGGS HUNTER & KENNEDY PC POST OFFICE BOX 725 STATESBORO GA 30459 990 2012-07-01 300037158 GEORGIA SOUTHERN UNIVERSITY HOUSING FOUNDATION INC GEOR 9124787481 P O BOX 8020 STATESBORO GA 30460 ROBERT L WHITAKER 9124787481 2013-10-15 true PATRICIA H HUNTER 9127649843 2013-11-15 2012 2015-11-30 17:44:51Z ROBERT L WHITAKER P O BOX 8103 STATESBORO GA 30460 51032320 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. 6 3 0 0 0 14821902 15782578 520905 649802 0 15342807 16432380 266520 0 0 0 0 14840015 14916301 14840015 15182821 502792 1249559 401283276 271577423 392384806 262201066 8898470 9376357 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 15052929 266520 TO ACQUIRE, CONSTRUCT OR IMPROVE STUDENT HOUSING FACILITIES OR OTHER STUDENT FACILITIES FOR GEORGIA SOUTHERN UNIVERSITY 15052929 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 25 0 0 false false false false false false false false false false X 6 3 false false false false false true false true true true false false true true true true true false false false X MAURA COPELAND 9124787481 P O BOX 8020 STATESBORO GA 30460 BROOKS A KEEL 0.50 40.00 X X 0 381000 23100 SALINDA ARTHUR 0.50 40.00 X 0 256000 23100 TOMMY DAVID 0.50 X 0 0 0 E G MEYBOHM 0.50 X 0 0 0 BOB LANE 0.50 X 0 0 0 ROBERT L WHITAKER 4.00 40.00 X X 0 0 0 MAURA COPELAND 2.00 40.00 X 0 116000 12237 RON CORE 4.00 40.00 X 0 203500 22070 956500 80507 true true false JUNEAU CONSTRUCTION COMPANY LLC 3715 NORTHSIDE PARKWAY NW ATLANTA GA 30327 CONSTRUCTION 2817851 THE PROPERTY MART LLC 1800 CHANDLER ROAD STATESBORO GA 30458 PROPERTY MGT 321429 INSTITUTIONAL NETWORK COMMUNICATION 304 MAGNOLIA STREET TOMPKINSVILLE KY 42167 CONSTRUCTION 274616 GET AFTER ENTERPRISES LLC 854 WOODSHOLE CIRCLE STATESBORO GA 30461 CONSTRUCTION 250875 MURRAY BARNES FINISTER LLLP ONE CAPITAL CITY PLAZA SUITE 1140 ATLANTA GA 30326 LEGAL 228569 8 LEASE INTEREST INCOME 10926409 10926409 OTHER 1742086 1742086 REPLACEMENT RESERVE INCOME 1380786 1380786 CAMPUS CLUB RENTALS 1244556 1244556 GAIN ON CAPITAL LEASE 488741 488741 15782578 649802 649802 34599940 34599940 16432380 15187824 1244556 266520 266520 62271 62271 3695 3695 64229 15000 49229 45924 45924 146 146 1762 1762 9113928 9113928 97814 97814 23484 14964 8520 RENTAL PROPERTY EXPENSES 2543449 2543449 OTHER EXPENSES 1884376 1880107 4269 AMORT OF BOND ISSUE COSTS 919082 919082 AMORT OF PREPAID RENT 156141 156141 15182821 15052929 129892 0 5543853 4964935 29443242 37795180 416009 3513769 7500926 22562365 34909499 22562365 327456904 198754017 401283276 271577423 4778420 8787613 54754480 17787829 206630000 226995000 1095000 125126906 8630624 392384806 262201066 X -5074567 -6621038 13973037 15997395 8898470 9376357 401283276 271577423 X 1249559 -771672 X false true X true false X X X false false false GEORGIA SOUTHERN UNIVERSITY 586002059 2 true true true 15182821 1 15182821 227387 227387 22334978 22334978 22562365 NET INV IN CAPITAL LEASE 198754017 198754017 DUE TO GEORGIA SOUTHERN UNIVERSITY 4909400 REPLACEMENT RESERVE PAYABLE 3721224 8630624 X 16432381 1 1 16432380 16432380 15182823 2 2 15182821 15182821 LIABILITY UNDER FIN 48 FOOTNOTE 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, 2013. THE YEARS ENDED JUNE 30, 2010, 2011, 2012 AND 2013 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. REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 2D ROUNDING 1 EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 2D ROUNDING 2 false GEORGIA SOUTHERN UNIVERSITY P O BOX 8020 STATESBORO GA 30458 586002059 170B 266520 FACILITY IMPROVEMENT false false false false false false false false false BROOKS A KEEL 381000 23100 404100 SALINDA ARTHUR 256000 23100 279100 RON CORE 203500 22070 225570 RELATED ORG METHODS USED FOR COMPENSATION EXPLANATION SCHEDULE J, PAGE 1, PART I, LINE 3 ESTABLISHED BY GA BOARD OF REGENTS A DEVELOPMENT AUTHORITY OF BULLOCH CO 581538786 120334CA3 2005-03-24 35530000 CONSTRUCTION OF STUDENT RECREATION FACILITIES false true false B DEVELOPMENT AUTHORITY OF BULLOCH CO 581538786 12033RAS5 2008-03-06 69000000 ACQUISITION AND CONSTRUCTION OF STUDENT HOUSING FACILITIES TO INCLUDE false true false C DEVELOPMENT AUTHORITY OF BULLOCH CO 581538786 12033RBL9 2011-05-26 42770000 ACQUISITION AND RENOVATION OF STUDENT HOUSING FACILITIES false true false D DEVELOPMENT AUTHORITY OF BULLOCH CO 581538786 120335AT1 2012-08-22 27280000 CONSTRUCTION OF STUDENT DINING FACILITIES false true false A 325000 36362477 2863450 2835790 709009 260973 29693255 2006 false false true true B 2650000 70016620 4736794 5823074 982300 1077977 57396475 2009 false false true true C 42485880 1421348 2183081 840259 543315 37497877 2012 false false true true D 28310054 821818 395342 490517 315300 17600123 8686954 2013 false false false true A false false false false false false false true B false false false false false false false true C false false false false false false false true D false false false false false false false true A false false false true false false false false false B false false false true false false false false false C false true false false false false false false false D false true false false false false false false false A true DIFFERENCES IN ISSUE PRICE EXPLANATION SCHEDULE K DEVELOPMENT AUTHORITY OF BULLOCH CO BOND PREMIUM 832477 DEVELOPMENT AUTHORITY OF BULLOCH CO BOND PREMIUM 1016620 DEVELOPMENT AUTHORITY OF BULLOCH CO BOND DISCOUNT 284120 DEVELOPMENT AUTHORITY OF BULLOCH CO BOND PREMIUM 1030054 DEVELOPMENT AUTHORITY OF BULLOCH CO BOND PREMIUM 3504925 DEVELOPMENT AUTHORITY OF BULLOCH CO BOND PREMIUM 1483535 PURPOSE OF ISSUE DESCRIPTION SCHEDULE K DEVELOPMENT AUTHORITY OF BULLOCH CO RETAIL SPACE DEVELOPMENT AUTHORITY OF BULLOCH CO HOUSING FACILITIES DEVELOPMENT AUTHORITY OF BULLOCH CO OTHER STUDENT FACILITIES DATE REBATE COMPUTATION PERFORMED SCHEDULE K DEVELOPMENT AUTHORITY OF BULLOCH CO 032410 DEVELOPMENT AUTHORITY OF BULLOCH CO 030613 ELECTION OF MEMBERS AND THEIR RIGHTS FORM 990, PAGE 6, PART VI, LINE 7A PRESIDENT HAS AUTHORITY TO APPOINT COMMUNITY MEMBERS FOR 3 BOARD POSITIONS OFFICERS WHO CANNOT BE REACHED FORM 990, PAGE 6, PART VI, LINE 9 TOMMY DAVID 106 TOWHEE TRAIL STATESBORO, GA 30458-8667 E. G. MEYBOHM 3519 WHEELER ROAD AUGUSTA, GA 30909 BOB LANE 5 WESTCOTT ROAD STATESBORO, GA 30458 ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B THE TREASURER AND SECRETARY REVIEW THE FORM BEFORE FILING. ENFORCEMENT OF CONFLICTS POLICY 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. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION 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. RECONCILIATION OF CHANGES - OTHER FORM 990, PART XI, LINE 9 ROUNDING 1 ROUNDING -2 OTHER CHANGES IN NET ASSETS EXPLANATION FORM 990, PART XI, LINE 9 PRIOR PERIOD ADJUSTMENT 771,671 A PRIOR PERIOD ADJUSTMENT WAS MADE TO CORRECT INTEREST AND REPLACEMENT RESERVE INCOME WHICH WERE ACCRUED IN ERROR AT JUNE 30, 2012. GSU HOUSING FOUNDATION I LLC P O BOX 8020 STATESBORO GA 30460 LEASE GA 3568854 40203636 GSUHF INC GSU HOUSING FOUNDATION II LLC P O BOX 8020 STATESBORO GA 30460 LEASE GA 1805880 32084121 GSUHF INC GSU HOUSING FOUNDATION III LLC P O BOX 8020 STATESBORO GA 30460 LEASE GA 2259826 45546362 GSUHF INC GSU HOUSING FOUNDATION IV LLC P O BOX 8020 STATESBORO GA 30459 LEASE GA 4507505 79494409 GSUHF INC GSU HOUSING FOUNDATION V LLC P O BOX 8020 STATESBORO GA 30459 LEASE GA 3348731 40801908 GSUHF INC GSU HOUSING FOUNDATION VI LLC P O BOX 8020 STATESBORO GA 30458 LEASE GA 87130 32675729 GSUHF INC GSU HOUSING FOUNDATION TEMP DINING P O BOX 8020 STATESBORO GA 30459 TEMP FACII GA 854014 142518 GSUHF INC GEORGIA SOUTHERN UNIVERSITY P O BOX 8020 STATESBORO GA 30460 586002059 UNIVERSITY GA 170B 2 NA false false true false false true false false false false true true false true true false false false false false GEORGIA SOUTHERN UNIVERSITY B 266520 GRANT FOR CAPITAL IMPROVE GEORGIA SOUTHERN UNIVERSITY E 4909400 GENERAL LEDGER ACCOUNT GEORGIA SOUTHERN UNIVERSITY J 13543498 LEASE AMORTIZATION SCHED GEORGIA SOUTHERN UNIVERSITY K 80 LAND LEASE AGREEMENT GEORGIA SOUTHERN UNIVERSITY M 62271 PROFESSIONAL SVCS MGT GEORGIA SOUTHERN UNIVERSITY N INCLD IN PROF SVCS ABOVE