2013-01-21T15:27:17-06:00 2012-06-30 560574444 CHERRY BEKAERT LLP 1180 W PEACHTREE STREET SUITE 1400 ATLANTA GA 303093482 990 2011-07-01 586033185 GEORGIA STATE UNIVERSITY FOUNDATION GEOR 4044133402 ONE PARK PLACE SUITE 533 ATLANTA GA 303033083 DALE PALMER 4044133434 2013-01-15 1 LYNN JOHNSON P01283387 4042090954 2011 2016-02-25 16:41:14Z DALE PALMER ONE PARK PLACE SUITE 533 ATLANTA GA 30303 66264022 0 X WWW.GSUFOUNDATION.ORG X 1958 GA SUPPORT THE MISSION AND BEST INTERESTS OF GEORGIA STATE UNIVERSITY. 32 32 0 32 3019163 -1709892 11554838 17051958 3813174 3759427 13763264 16620608 4008742 3411928 33140018 40843921 4319006 3598351 0 0 2898131 3578142 423590 181475 936091 23830262 24095674 31470989 31453642 1669029 9390279 427908340 455061005 269276459 289214541 158631881 165846464 X THE GEORGIA STATE UNIVERSITY FOUNDATION, INC. SERVES AS THE OFFICIAL FUND-RAISING AND FUND MANAGEMENT ORGANIZATION FOR GEORGIA STATE UNIVERSITY AND IS COMMITTED TO SUPPORTING AND ASSISTING THE UNIVERSITY IN ACHIEVING ITS GOALS AND OBJECTIVES THROUGH SOLICITING AND MANAGING PRIVATE GIFTS, AND COLLABORATING AND ADVISING ON ACTIVITIES FOR THE BENEFIT AND ADVANCEMENT OF THE UNIVERSITY. 0 0 18037081 13000 4152192 SPECIAL PURPOSE FUNDS - TO FINANCE VARIOUS PROGRAMS AT GEORGIA STATE UNIVERSITY. 3585351 3585351 SCHOLARSHIP FUND - TO PROVIDE SCHOLARSHIPS AND AWARDS 7949006 DEPARTMENT FUND - USED BY THE VARIOUS SCHOOLS OF THE UNIVERSITY FOR VARIOUS EDUCATION RELATED PROGRAMS - FACULTY SUPPLEMENTS. 29571438 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 1 0 0 0 1 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 1 X 129 0 1 0 1 1 0 0 0 1 1 1 1 0 0 0 1 1 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X X DALE PALMER 4044133402 ONE PARK PLACE SUITE 533 ATLANTA GA 303033083 X DR HELEN ADERHOLD 1.00 X 0 0 0 STEVEN ASPLUNDH 1.00 X 0 0 0 WILLIAM BALZER 1.00 X 0 0 0 JOHN BAUER 1.00 X 0 0 0 MARK BECKER 1.00 X 0 0 0 SANDRA BERGERON 1.00 X 0 0 0 KENNETH BERNHARDT 1.00 X 0 0 0 KATHY BERRY 1.00 X 0 0 0 FRANCES BREEDEN 1.00 X 0 0 0 ANTHONY BURGER 1.00 X 0 0 0 BRAD FERRER 1.00 X 0 0 0 DAVID FLINT 1.00 X 0 0 0 TIMOTHY GUNTER 1.00 X 0 0 0 DAVID HADDOW 1.00 X 0 0 0 CATHY HENSON 1.00 X 0 0 0 RICHARD JACOBSON 1.00 X 0 0 0 MARJORIE KNOWLES 1.00 X 0 0 0 RICHARD LENNY 1.00 X 0 0 0 LEE MACENCZAK 1.00 X 0 0 0 CYNTHIA MALOY 1.00 X 0 0 0 PETER MILLER 1.00 X 0 0 0 MARK PHILLIPS 1.00 X 0 0 0 JERRY RACKLIFFE 1.00 X 0 0 0 DEEPAK RAGHAVAN 1.00 X 0 0 0 JULIO RAMIREZ 1.00 X 0 0 0 WILLIAM REEVES 1.00 X 0 0 0 DOUGLAS REID 1.00 X 0 0 0 DALLAS SMITH 1.00 X 0 0 0 GROVER THOMAS JR 1.00 X 0 0 0 RAY UTTENHOVE 1.00 X 0 0 0 JEFFREY WARWICK 1.00 X 0 0 0 WALTER MASSEY 20.00 X 0 0 0 DALE PALMER 30.00 X 0 0 0 JULIE VAN BALEN 20.00 X 0 0 0 0 0 0 0 0 0 1 FULL CIRCLE RESTORATION & CONSTRUCTION 4325 RIVER GREEN PARKWAY DULUTH GA 30096 RESTORATION & CONSTRUCTION 658724 RUFFALOCODY LLC PO BOX 3018 CEDAR RAPIDS IA 52406 FUND RAISING SERVICES 297905 MARKETING COMMUNICATION RESOURCE INC 4800 EAST 345TH ST WILLOUGHBY OH 44094 DATABASE MANAGEMENT, PRINTING, DISTRIBUT 170837 THYSSENKRUPP ELEVATOR CORP 3005 CHASTAIN MEADOWS PKWY SUITE 10 MARIETTA GA 30066 ELEVATOR SALES & SERVICE 139496 4 132646 16919312 17051958 STUDENT HOUSING FEES 532000 3759427 3759427 3759427 14780790 14780790 2967959 0 2967959 2967959 2967959 27207751 25367933 1839818 1839818 1839818 52168 132646 52168 0 OTHER MISCELLANEOUS RE 611710 392765 392765 BILLBOARD RENT 541800 70842 70842 OTHER INTEREST INCOME 523000 1082 1082 -20720 -20720 443969 40843921 4152192 3019163 16620608 X 3588351 3588351 10000 10000 2998102 2996745 1357 43 43 38983 38983 541014 541014 11144 9514 1630 53800 6500 47300 181475 181475 481603 481603 1283179 960055 33824 289300 210629 78164 69931 62534 1531987 1203995 206112 121880 3693762 3689646 3116 1000 577812 467918 43499 66395 136143 99035 23827 13281 11756489 11756489 1384219 1384219 447258 414764 30780 1714 MEETING, EVENT AND OTHE 1698983 1205989 300590 192404 EQUIPMENT PURCHASE 387822 357855 28555 1412 CONTRACTUAL PAYMENTS 323828 213828 110000 DUES & PROFESSIONAL MEM 117016 66728 45592 4696 31453642 29571438 946113 936091 6772370 2952455 34953069 35151480 8110230 8930076 352701 231017 6590029 6319380 13442326 6966561 48297809 6475765 118808137 127443158 1232756 1232756 202791239 266324918 427908340 455061005 5971780 29717747 247750000 243830000 15554679 15666794 269276459 289214541 X 17571399 19033843 52910365 59920059 88150117 86892562 158631881 165846464 427908340 455061005 X 9390279 -2175695 X X 1 1 1 X 0 X 11493054 10498941 20694909 11554838 17051958 71293700 11493054 10498941 20694909 11554838 17051958 71293700 71293700 5854064 3216443 2457770 2511324 1889730 15929331 1162480 628969 413131 818282 392765 3415627 90638658 79362894 0.78660 0.73580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 106251071 4081744 -955750 -4095642 105281423 83659886 9229429 17084386 3722629 106251072 70793273 6244428 10083399 3461214 83659886 92050277 3111361 -20998394 3369972 70793273 0.23000 0.77000 0 0 811379 811379 12630947 6966561 5664386 6475765 CASH SURRENDER VALUE OF CHARITABLE LIFE INSURANCE POLICIES 1003868 RESTRICTED ASSETS 38259612 INVESTMENT HELD FOR AFFILIATES 6859074 INVESTMENT IN DIRECT FINANCING LEASES, NET 220202364 266324918 OBLIGATION FOR INVESTMENTS HELD IN TRUST AFFILIATES 6859074 UNAMORTIZED BOND PREMIUM 4347610 OBLIGATION UNDER LEASES 4460110 15666794 40843921 31453642 9390279 -2175695 -2175695 7214584 38186680 -2175695 58 -2175637 40362317 481603 481603 40843920 30972089 50 50 30972039 481603 481603 31453642 PART X, INCOME TAXES: 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 BELEIVES THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2012 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. PART V, ENDOWMENT FUNDS: ENDOWMENT FUNDS INTENDED USES INCLUDE SCHOLARSHIPS, FELLOWSHIPS, CHAIRS, PROFESSORSHIPS AND OTHER RELATED ACTIVITIES. PART XII, LINE 2D: $58 GSU BUILDING FOUNDATION REVENUE PART XIII, LINE 2D: $50 GSU BUILDING FOUNDATION EXPENSES 0 MIDDLE EAST 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION GROUP TRANSPORTATION AND SEMINAR 7000 SOUTH ASIA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION MARKETING RESEARCH 3000 0 0 0 0 0 0 10000 0 10000 X MIDDLE EAST AND NORTH AFRICA - GROUP TRANSPORTATION 7000 CASH 0 BOOK 0 0 0 0 0 0 0 0 X X X X X X 1 GRENZEBACH GLIER AND ASSOCIATES 401 N MICHIGAN AVE STE 2800 CHICAGO IL 60611 FUND RAISING STRATEGIES 0 0 164291 0 RUFFALCODY LLC PO BOX 3018 CEDAR RAPIDS IA 52406 FUND RAISING SERVICES 0 0 17184 0 181475 AL AK AZ CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY AR NY GOLF FACILITIES 26500 18963 7537 7537 ETHICS AWARD 25250 22325 2925 2925 18 133064 91358 41706 41706 184814 132646 52168 52168 52168 0 EXPLANATION OF FUNDRAISING PAYMENTS SCHEDULE G, PART I, LINE 2B, COLUMN (V) RUFFALOCODY, LLC HANDLES ALL OPERATIONS OF THE GSU CALL CENTER WHICH SOLICITS OVER THE PHONE DONATIONS ON BEHALF OF THE UNIVERSITY. 1 GEORGIA STATE UNIVERSITY ONE PARK PLACE SUITE 533 ATLANTA GA 30303 115(1) 3585351 0 BOOK FOR SCHOLARSHIPS AND AWARDS. GEORGIA STATE UNIVERSITY ONE PARK PLACE SUITE 533 ATLANTA GA 30303 115(1) 3000 0 BOOK FOR EDUCATIONAL SUPPORT. 1 1 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FUNDS ARE PAID TO GEORGIA STATE UNIVERSITY FOR EDUCATIONAL PURPOSES AND ACADEMIC 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 SUPPLEMENTAL INFORMATION PART III COMPENSATION OF OFFICERS GEORGIA STATE UNIVERSITY FOUNDATION HAS NO EMPLOYEES. PER PART VII LINE 5, COMPENSATION OF OFFICERS LISTED ON PART VII 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, AND JULIE VAN BALEN, ASSISTANT SECRETARY, RECEIVED COMPENSATION OF $220,000, $165,000 AND $41,697, RESPECTIVELY, FROM GEORGIA STATE UNIVERSITY. ATLANTA DEVELOPMENT AUTHORITY(PANTHER PLACE) 586033185 04780RBF4 2009-05-29 58607704 ACQUISITION OF FACILITIES FOR ADMINISTRATIVE OFFICES 0 0 0 ALPHARETTA DEVELOPMENT AUTHORITY 586033185 020812BE2 2009-05-12 6544706 CONSTRUCTION OF EDUCATIONAL FACILITIES 0 0 0 ATLANTA DEVELOPMENT AUTHORITY(PIEDMONT ELLIS) 586033185 04777LBG0 2005-09-08 165030809 CONSTRUCTION OF STUDENT HOUSING 0 0 0 DEVELOPMENT AUTHORITY FULTON COUNTY (STUDENT REC CENTER) 586033185 359900K48 2011-01-01 18095000 REFINANCING OF ORIGINAL DEBT 0 0 0 73235000 5101800 2440658 6598188 2520270 1 0 1 1 5890000 127824 348089 2000 1 0 1 1 161330000 161330000 11286938 4377863 444750 2007 0 0 1 1 16035000 1603500 238618 22768781 2336999 2001 1 0 1 1 1 1 0 0 0.01670 0.01670 1 1 0 0 0 1 1 0 0 0 1 1 0 0 0 1 0 0 0 NA 0 0 0 NA 0 0 0 0 0 0 NA 0 0 0 NA 0 0 0 0 0 0 NA 0 0 0 NA 0 0 0 0 0 0 0 0 0 X 2 0 ESTIMATE OF DONOR 2 0 1 0 NON REPORTING OF REVENUE: PART I, LINE 33: PART I, LINE 1 (ART - WORKS OF ART): A ZERO AMOUNT WAS REPORTED ON FORM 990, PART VIII STATEMENT OF REVENUE, LINE 1G, BECAUSE THE FOUNDATION DID NOT CAPITALIZE THE WORKS OF ART RECEIVED. PART I, COLUMN(B): COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART V, LINE 1C THE ORGANIZATION DID NOT HAVE ANY REPORTABLE GAMING (GAMBLING) WINNINGS TO PRIZE WINNERS AND THEREFORE THE BACKUP WITHHOLDING RULES DID NOT APPLY. THE ORGANIZATION ALSO DID NOT HAVE ANY REPORTABLE PAYMENTS TO VENDORS. THEREFORE, THE BACKUP WITHHOLDING RULES DID NOT APPLY. FORM 990, PART V, LINE 2A AND LINE 2B: THE ORGANIZATION DID NOT HAVE ANY EMPLOYEES AND THEREFORE THE FEDERAL EMPLOYMENT TAX RETURNS WERE NOT FILED. FORM 990, PART V, LINE 7G AND LINE 7H: THE ORGANIZATION DID NOT RECEIVE CONTRIBUTIONS OF QUALIFIED INTELLECTUAL PROPERTY AND WAS THEREFORE NOT REQUIRED TO FILE FORM 8899. LIKEWISE, THERE WERE NO CONTRIBUTIONS OF CARS, BOATS, AIRPLANES, OR OTHER VEHICLES, AND FORM 1098-C WAS NOT REQUIRED. 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 ANY CONFLICTS THAT MAY ARISE THROUGHOUT THE YEAR ON A CASE BY CASE BASIS. 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. 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 18 FORMS 990 AND 990T ARE DOCUMENTED AND LOCATED ON THE ORGANIZATION'S WEB SITE FOR PUBLIC REVIEW AT WWW.GSUFOUNDATION.ORG FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS AND POLICIES ARE LOCATED ON THE ORGANIZATION'S WEB SITE FOR PUBLIC REVIEW AT WWW.GSUFOUNDATION.ORG FORM 990, PART IX, LINES 7,8,9,10: GEORGIA STATE UNIVERSITY FOUNDATION HAS NO EMPLOYEES. OTHER SALARIES AND WAGES, PENSION PLAN ACCCRUALS AND CONTRIBUTIONS, OTHER EMPLOYEE BENEFITS, AND PAYROLL TAXES AS REPORTED IN PART IX ARE FROM UNRELATED ORGANIZATION (GEORGIA STATE UNIVERSITY) FOR SERVICES RENDERED TO GEORGIA STATE UNIVERSITY. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -2,175,695. AUDIT COMMITTEE FORM 990, PART VI, SECTION B, LINE 11 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; 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. ADDITIONAL STATEMENT RELATED TO FUNDRAISING ACTIVITY THE COST OF SERVICES RENDERED BY THE DEVELOPMENT DIVISION OF GEORGIA STATE UNIVERSITY FOR FUNDRAISING ACTIVITIES ARE BORNE BOTH BY THE FOUNDATION AND THE UNIVERSITY. THE PORTION OF THE COSTS BORNE BY THE UNIVERSITY IS NOT INCLUDED IN THE FOUNDATION'S FINANCIAL STATEMENTS, AS THESE COSTS WOULD HAVE BEEN INCURRED BY THE UNIVERSITY EVEN IF THE FOUNDATION DID NOT EXIST. THE COST OF THE SERVICES PROVIDED BY THE UNIVERSITY APPROXIMATED $4,476,643 FOR THE YEAR ENDED JUNE 30, 2012. UNIVERSITY LOFTS LLC ONE PARK PLACE SUITE 533 ATLANTA GA 30303 586033185 STUDENT HOUSING FACILITY FOR THE UNIVERSITY STUDENTS GA 3422256 -46194 GEORGIA STATE UNIVERSITY FOUNDATION PIEDMONTELLIS LLC ONE PARK PLACE SUITE 533 ATLANTA GA 30303 586033185 TO ACQUIRE,DEVELOP, OPERATE AND MANAGE REAL PROPERTY FOR STUDENT HOUSING GA 9729843 153951358 GEORGIA STATE UNIVERSITY FOUNDATION RIALTO CENTER LLC ONE PARK PLACE SUITE 533 ATLANTA GA 30303 586033185 TO PURCHASE AND RENOVATE THE RIALTO THEATER FOR BENEFIT AND USE BY THE UNIV. GA 79304 547127 GEORGIA STATE UNIVERSITY FOUNDATION PANTHER PLACE LLC PO BOX 4076 ATLANTA GA 30302 586033185 TO PURCHASE THE SUNTRUST BUILD. TO PROVIDE OFFICE & CLASSROOM TO THE UNIV. GA 2767959 84761463 GEORGIA STATE UNIVERSITY FOUNDATION PANTHER FIELDS LLC ONE PARK PLACE SUITE 533 ATLANTA GA 30303 586033185 TO PROVIDE A PRACTICE FOOTBALL FIELD AND FACILITY USE BY THE UNIVERSITY GA 0 7656 GEORGIA STATE UNIVERSITY FOUNDATION PANTHER LOT LLC ONE PARK PLACE SUITE 533 ATLANTA GA 30303 586033185 TO ACQUIRE, DEVELOP, OPERATE, AND MANAGE REAL PROPERTY USE BY THE UNIVERSIT GA 70842 172150 GEORGIA STATE UNIVERSITY FOUNDATION PANTHER REAL ESTATE LLC ONE PARK PLACE SUITE 533 ATLANTA GA 30303 586033185 TO PURCHASE REAL ESTATE FOR USE OF THE UNIVERSITY GA 8254 10 GEORGIA STATE UNIVERSITY FOUNDATION GEORGIA STATE UNIVERSITY BUILDING FOUNDATION PO BOX 3963 ATLANTA GA 30303 581998542 LEGAL ENTITY TO HOLD TITLE TO PROPERTY GA 501 C(2) GEORGIA STATE UNIVERSITY FOUNDATION 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 PANTHER REAL ESTATE LLC E 100000 CASH