UNIVERSITY SYSTEM OF GEORGIA FOUNDATION INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY SYSTEM OF GEORGIA FOUNDATION INC (EIN 58-6333106)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-11-06
- IRS object ID
- 201343109349301809
- Schema version
- 2011v1.5
- 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 G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
- Reasonable Cause Explanation
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-11-06T14:16:01-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 580692043 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MAULDIN & JENKINS LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 GALLERIA PKWY SE STE 1700 | AddressLine1 |
| City | ATLANTA | City |
| State | GA | State |
| ZIP Code | 303395946 | 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 | 586333106 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY SYSTEM OF GEORGIA FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | UNIV | NameControl |
| Phone | 4049623057 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 270 WASHINGTON ST SW SUITE 5175 | AddressLine1 |
| City | ATLANTA | City |
| State | GA | State |
| ZIP Code | 30334 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | CANDACE SOMMER | Name |
| Title | EXECUTIVE DIRECTOR | Title |
| Phone | 4049623057 | Phone |
| Date Signed | 2013-11-05 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JEFF T FUCITO | Name |
| PTIN | P00120748 | PTIN |
| Phone | 7709558600 | Phone |
| Date Prepared | 2013-10-30 | DatePrepared |
| Self Employed | X | SelfEmployed |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Initial Return | X | InitialReturn |
| Name Of Principal Officer Person | CANDACE SOMMER | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 270 WASHINGTON ST SW SUITE 5175 | AddressLine1 |
| City | ATLANTA | City |
| State | GA | State |
| ZIP Code | 30334 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 17811986 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.USGFOUNDATION.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1995 | YearFormation |
| State Legal Domicile | GA | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 17 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 16 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 125 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Current Year | 899045 | ContributionsGrantsCurrentYear |
| Program Service Revenue CY | 16523833 | ProgramServiceRevenueCY |
| Investment Income Current Year | 195431 | InvestmentIncomeCurrentYear |
| Other Revenue Current Year | -180423 | OtherRevenueCurrentYear |
| Total Revenue Current Year | 17437886 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 307299 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 44190 | TotalFundrsngExpCurrentYear |
| Other Expenses Current Year | 13730302 | OtherExpensesCurrentYear |
| Total Expenses Current Year | 14037601 | TotalExpensesCurrentYear |
| Revenues Less Expenses CY | 3400285 | RevenuesLessExpensesCY |
| Total Assets BOY | 317651638 | TotalAssetsBOY |
| Total Assets EOY | 297698584 | TotalAssetsEOY |
| Total Liabilities BOY | 312044133 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 288810647 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 5607505 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 8887937 | NetAssetsOrFundBalancesEOY |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 13033557 | Expense |
| Revenue | 16490240 | Revenue |
| Description | 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. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 326840 | Expense |
| Description | 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 | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 327299 | Expense |
| Grants | 307299 | Grants |
| Description | 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. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 13687696 | 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 | 0 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 1 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | 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 | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | 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 | 0 | 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 | 15 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 0 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| 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 |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 17 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 16 | 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 | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 0 | ConflictOfInterestPolicy |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | 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 | THE ORGANIZATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 4049623057 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 270 WASHINGTON ST SW SUITE 5175 | AddressLine1 |
| City | ATLANTA | City |
| State | GA | State |
| ZIP Code | 30334 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (17 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| KENNETH BERNARD JR | ||||||
| CHAIRMAN | 2.00 | X | X | 0 | 0 | 0 |
| NEIL PRUITT JR | ||||||
| VICE CHAIRMAN | 0.50 | X | X | 0 | 0 | 0 |
| GITA HENDESSI | ||||||
| SECRETARY & TREASURER | 1.00 | X | X | 0 | 0 | 0 |
| C DEAN ALFORD | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| DALLAS COPELAND JR | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| HUGH CARTER JR | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| R A GRIFFIN | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| JULIE HUNT | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| NANCY JUNEAU | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| DONALD LEEBERN III | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| ELRIDGE MCMILLAN | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| MITESH SHAH | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| KIRBY THOMPSON | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| PHILIP WILHEIT SR | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| JIMMY YANCEY | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| HENRY M HUCKABY | ||||||
| DIRECTOR | 0.50 | X | 0 | 282651 | 0 | |
| CANDACE C SOMMER | ||||||
| EXECUTIVE DIRECTOR | 40.00 | X | 0 | 106649 | 15253 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 389300 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 15253 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARRIOTT | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10400 FERNWOOD ROAD | AddressLine1 |
| City | BETHESDA | City |
| State | MD | State |
| ZIP Code | 20817 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | FACILITIES USE | DescriptionOfServices |
| Compensation | 149263 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| Fundraising Events | 647950 | FundraisingEvents |
| All Other Contributions | 251095 | AllOtherContributions |
| Noncash Contributions | 96458 | NoncashContributions |
| Total Contributions | 899045 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| INTEREST-DIRECT FINANC | 531190 | 15092411 | 15092411 |
| LEASE INCOME | 531190 | 1096522 | 1096522 |
| REGISTRATION FEES | 900099 | 334900 | 334900 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 16523833 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 117567 | TotalRevenueColumn |
| Exclusion | $117,567 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 111457 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
| Other | 33593 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 111457 | Securities |
| Other | -33593 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 77864 | TotalRevenueColumn |
| Related Or Exempt Function Income | -33593 | RelatedOrExemptFunctionIncome |
| Exclusion | $111,457 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 160084 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 647950 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 340507 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -180423 | TotalRevenueColumn |
| Exclusion | -$180,423 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 17437886 | TotalRevenueColumn |
| Related Or Exempt Function Income | 16490240 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $48,601 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 307299 | Total |
| Program Services | 307299 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21193 | Total |
| Program Services | 21193 | ProgramServices |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 81686 | Total |
| Management And General | 81686 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17264 | Total |
| Program Services | 10545 | ProgramServices |
| Management And General | 6719 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 365352 | Total |
| Program Services | 198750 | ProgramServices |
| Management And General | 162450 | ManagementAndGeneral |
| Fundraising | 4152 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 60018 | Total |
| Program Services | 50876 | ProgramServices |
| Management And General | 8880 | ManagementAndGeneral |
| Fundraising | 262 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5495 | Total |
| Fundraising | 5495 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5106 | Total |
| Program Services | 3427 | ProgramServices |
| Management And General | 1679 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19725 | Total |
| Program Services | 16778 | ProgramServices |
| Management And General | 851 | ManagementAndGeneral |
| Fundraising | 2096 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 303433 | Total |
| Program Services | 249353 | ProgramServices |
| Management And General | 22051 | ManagementAndGeneral |
| Fundraising | 32029 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12740006 | Total |
| Program Services | 12740006 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9601 | Total |
| Management And General | 9601 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| REPAIRS & MAINTENANCE | 65144 | 65144 | |
| OPERATING EXPENSE | 13023 | 13023 | |
| BAD DEBT EXPENSE | 10000 | 10000 | |
| EQUIPMENT RENTAL | 7847 | 7847 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5409 | Total |
| Program Services | 3455 | ProgramServices |
| Management And General | 1798 | ManagementAndGeneral |
| Fundraising | 156 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14037601 | Total |
| Program Services | 13687696 | ProgramServices |
| Management And General | 305715 | ManagementAndGeneral |
| Fundraising | 44190 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 741910 | BOY |
| EOY | 699642 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 68383 | BOY |
| EOY | 35070 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4858506 | BOY |
| EOY | 4926075 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 183066470 | BOY |
| EOY | 273119173 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 128916369 | BOY |
| EOY | 18918624 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 317651638 | BOY |
| EOY | 297698584 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 354665 | BOY |
| EOY | 84303 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 290549914 | BOY |
| EOY | 287140730 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21139554 | BOY |
| EOY | 1585614 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 312044133 | BOY |
| EOY | 288810647 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4583301 | BOY |
| EOY | 8393727 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1024204 | BOY |
| EOY | 494210 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5607505 | BOY |
| EOY | 8887937 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 317651638 | BOY |
| EOY | 297698584 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 3400285 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -119853 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 0 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | X | SupportingOrganization509a3 |
| Supporting Org509a3 Type3 Func Int | X | SupportingOrg509a3Type3FuncInt |
| Contrib By Controlling Individual | 0 | ContribByControllingIndividual |
| Contribution By Related Party | 0 | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | 0 | ContribBy35ControlledEntity |
Supported Org Information SupportedOrgInformation
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY SYSTEM OF GEORGIA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 586002348 | EIN |
| Type Of Organization | GOVERNMENT AFFILIATE | TypeOfOrganization |
| Listed In Governing Doc | 1 | ListedInGoverningDoc |
| Supported Organization Notified | 1 | SupportedOrganizationNotified |
| Organized In US | 1 | OrganizedInUS |
| Amount | $327,299 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Supported Orgs | 1 | TotalNumberOfSupportedOrgs |
| Sum Of Amounts | 327299 | SumOfAmounts |
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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Included On FS | 1 | IncludedOnFS |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 4006066 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 75062 | InvestmentEarningsOrLosses |
| End Of Year Balance | 4081128 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 1.00000 | BoardDesignatedEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
| Total Of Book Value Land Buildings | 0 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INVESTMENTS IN FINANCE LEASE | Description |
| Book Value | 273119173 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 273119173 | TotalOfBookValueProgramRelated |
Other Assets OtherAssets (4 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| AGENCY CASH (OPERATING FUND) | 312928 |
| ASSETS LIMITED TO USE | 12710477 |
| INTEREST RECEIVABLE | 1310528 |
| DEBT ISSUANCE COST | 4584691 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 18918624 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| CONSTRUCTION PAYABLE | $688,668 |
| ACCRUED INTEREST PAYABLE | $584,020 |
| AGENCY FUNDS PAYABLE | $312,926 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1585614 | TotalOfAmounts |
| Total Revenue | 17437886 | TotalRevenue |
| Total Expenses | 14037601 | TotalExpenses |
| Excess Or Deficit For Year | 3400285 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -119853 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -119853 | TotalAdjustments |
| Excess Or Deficit Per FS | 3280432 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 17548570 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -119853 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 6593 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | 252424 | OtherRevenues |
| Revenue Not Rptd F990 | 139164 | RevenueNotRptdF990 |
| Revenue Subtotal | 17409406 | RevenueSubtotal |
| Other Revenues Not Included | 28480 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 28480 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 17437886 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 14268138 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 6593 | DonatedServicesUseOfFacilities |
| Other Expenses Included | 223944 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 230537 | ExpensesNotRptdF990 |
| Expenses Subtotal | 14037601 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 14037601 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | 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. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | FUNDRAISING EXPENSES 252,424. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | RECLASS FROM EXPENSE 28,480. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | FUNDRAISING EXPENSES 252,424. RECLASS TO REVENUE -28,480. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | GALA 2012 | NameOfEvent1 |
| Gross Receipts Event1 | 808034 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 647950 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 160084 | GrossRevenueEvent1 |
| Non Cash Prizes Event1 | 0 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 71090 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 105831 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 5000 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 158586 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 808034 | GrossReceiptsTotal |
| Charitable Contributions Total | 647950 | CharitableContributionsTotal |
| Gross Revenue Total Events | 160084 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 71090 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 105831 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 5000 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 158586 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 340507 | DirectExpenseSummaryEvents |
| Net Income Summary | -180423 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (24 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|
| ALBANY STATE UNIVERSITY FOUNDATION | ||||||
| 504 COLLEGE DRIVE | ALBANY | GA | 31705 | 237032763 | 5500 | TO FUND SCHOLARSHIPS |
| ARMSTRONG ATLANTIC STATE UNIVERSTIY FOUNDATION | ||||||
| 5500 | TO FUND SCHOLARSHIPS | |||||
| ATLANTA METROPOLITAN STATE COLLEGE | ||||||
| 1630 METROPOLITAN PARKWAY SW | ATLANTA | GA | 30310 | 10000 | TO SUPPORT OPERATIONS. | |
| AUGUSTA STATE UNIVERSITY FOUNDATION | ||||||
| 6488 | TO FUND SCHOLARSHIPS | |||||
| CLAYTON STATE UNIVERSITY FOUNDATION | ||||||
| 5500 | TO FUND SCHOLARSHIPS | |||||
| COLUMBUS STATE UNIVERSITY FOUNDATION | ||||||
| 5500 | TO FUND SCHOLARSHIPS | |||||
| FORT VALLEY STATE UNIVERSITY FOUNDATION | ||||||
| 5500 | TO FUND SCHOLARSHIPS | |||||
| GAINESVILLE STATE COLLEGE FOUNDATION | ||||||
| PO BOX 1358 | GAINESVILLE | GA | 30503 | 586073474 | 6046 | TO FUND SCHOLARSHIPS |
| GEORGIA COLLEGE & STATE UNIVERSITY FOUNDATION | ||||||
| CAMPUS BOX 096 | MILLEDGEVILLE | GA | 31061 | 586043972 | 5774 | TO FUND SCHOLARSHIPS |
| GEORGIA GWINNETT COLLEGE FOUNDATION | ||||||
| 19118 | TO FUND SCHOLARSHIPS | |||||
| GEORGIA HEALTH SCIENCES UNIVERSTIY FOUNDATION | ||||||
| 10000 | TO FUND SCHOLARSHIPS | |||||
| GEORGIA INSTITUTE OF TECHNOLOGY FOUNDATION | ||||||
| 760 SPRING STREET | ATLANTA | GA | 30308 | 586043294 | 17482 | TO FUND SCHOLARSHIPS |
| GEORGIA PERIMETER COLLEGE FOUNDATION | ||||||
| 3251 PANTHERSVILLE ROAD A2810 | DECATUR | GA | 300343832 | 581492364 | 5670 | TO FUND SCHOLARSHIPS |
| GEORGIA SOUTHERN UNIVERSITY FOUNDATION | ||||||
| PO BOX 8053 | STATESBORO | GA | 30460 | 586034031 | 5500 | TO FUND SCHOLARSHIPS |
| GEORGIA SOUTHWESTERN STATE UNIVERSITY FOUNDATION | ||||||
| PO BOX 926 | AMERICUS | GA | 31709 | 581386358 | 5620 | TO FUND SCHOLARSHIPS |
| GEORGIA STATE UNIVERSITY FOUNDATION | ||||||
| 17482 | TO FUND SCHOLARSHIPS | |||||
| GEORGIA STUDENT FINANCE COMMISSION | ||||||
| 2082 EAST EXCHANGE PLACE | TUCKER | GA | 30084 | 50000 | TO SUPPORT THE GOVERNORS INITIATIVE OF THE REACH SCHOLARSHIP PROGRAM | |
| KENNESAW STATE UNIVERSITY FOUNDATION | ||||||
| 1000 CHASTAIN ROAD | KENNESAW | GA | 30144 | 237034345 | 12934 | TO FUND SCHOLARSHIPS |
| NORTH GEORGIA COLLEGE AND STATE UNIVERSITY FOUNDATION | ||||||
| PO BOX 1599 | DAHLONEGA | GA | 30533 | 237066297 | 5618 | TO FUND SCHOLARSHIPS |
| SAVANNAH STATE UNIVERSITY FOUNDATION | ||||||
| PO BOX 20439 | SAVANNAH | GA | 314049707 | 237305890 | 5500 | TO FUND SCHOLARSHIPS |
| SOUTHERN POLYTECHNIC STATE UNIVERSITY FOUNDATION | ||||||
| 1100 S MARIETTA PARKWAY | MARIETTA | GA | 30060 | 581274394 | 10982 | TO FUND SCHOLARSHIPS |
| UNIVERSITY OF GEORGIA FOUNDATION | ||||||
| 394 MILLEDGE AVENUE | ATHENS | GA | 30602 | 586033837 | 10000 | TO FUND SCHOLARSHIPS |
| UNIVERSITY OF WEST GEORGIA FOUNDATION | ||||||
| 1601 MAPLE STREET | CARROLLTON | GA | 30118 | 586056464 | 10102 | TO FUND SCHOLARSHIPS |
| VALDOSTA STATE UNIVERSITY FOUNDATION | ||||||
| 5500 | TO FUND SCHOLARSHIPS | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 24 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | HENRY M HUCKABY | NamePerson |
| Base Compensation Filing Org | 0 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 282651 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 0 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 0 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 282651 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (3 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| GEORGIA HIGHER EDUCATION FACILITIES AUTHORITY | |||||||
| 134350870 | 373511AV6 | 2008-11-26 | 97319438 | USG REAL ESTATE FOUNDATION I, LLC CONSTRUCTION PROJECTS | 0 | 1 | 0 |
| GEORGIA HIGHER EDUCATION FACILITIES AUTHORITY | |||||||
| 134350870 | 373511BN3 | 2009-07-23 | 99499014 | USG REAL ESTATE FOUNDATION II, LLC CONSTRUCTION PROJECTS | 0 | 1 | 0 |
| GEORGIA HIGHER EDUCATION FACILITIES AUTHORITY | |||||||
| 134350870 | 373511CP7 | 2010-08-12 | 96338571 | USG REAL ESTATE FOUNDATION III, LLC CONSTRUCTION PROJECTS | 0 | 1 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (3 entries)
| Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Refunding EscrowRefundingEscrow | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Capital ExpendituresCapitalExpenditures | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|
| 97319438 | 3851563 | 3851563 | 1082075 | 587473 | 91798328 | 0 | 0 | 0 | 0 |
| 99499014 | 3651525 | 0 | 0 | 0 | 0 | ||||
| 96338571 | 2988119 | 0 | 0 | 0 | 0 |
Schedule M IRS990ScheduleM
Other Non Cash Contributions Table OtherNonCashContributionsTable (2 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | AUCTION ITEMS | 281 | 88084 | ACTUAL PROCEEDS |
| X | DONATED BEVERAGES FOR FUNDRAISER | 1 | 8374 | RETAIL 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 |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: | Identifier |
| Return Reference | PART I, COLUMN (B): | ReturnReference |
| Explanation | NUMBER OF CONTRIBUTORS | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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 XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -119,853. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990 PART XI LINE 2C | AN AUDITOR-SELECTION COMMITTEE WAS FORMED FROM THE BOARD. REQUEST FOR PROPOSAL WAS DEVELOPED AND SENT TO AT LEAST 3 TARGETED FIRMS. A RATING SCALE WAS USED TO EVALUATE THE PROPOSALS AND FINALISTS WERE CHOSEN. FINALISTS WERE INTERVIEWED BY THE EXECUTIVE COMMITTEE ON THE BOARD. A FIRM WAS CHOSEN BASED ON THE EVALUATION AND THE INTERVIEW PROCESS. THE SIGNED ENGAGEMENT IS FOR A 3 YEAR PERIOD. THE FINANCIAL STATEMENT OVERSIGHT PROCESS HAS NOT CHANGED FROM PRIOR YEARS. | |
| 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. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI (4 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Total IncomeTotalIncome | EOY AssetsEOYAssets | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| USG REAL ESTATE FOUNDATION I LLC | |||||||||
| 270 WASHINGTON ST SW SUITE 5175 | ATLANTA | GA | 30334 | 263541574 | CONSTRUCTION AND LEASE OF REAL ESTATE | GA | 6485050 | 98094699 | UNIVERSITY SYSTEM OF GEORGIA FOUNDATION INC |
| USGREF MANAGER LLC | |||||||||
| 270 WASHINGTON ST SW SUITE 5175 | ATLANTA | GA | 30334 | 263541509 | ENTITY MANAGEMENT | GA | 0 | 0 | UNIVERSITY SYSTEM OF GEORGIA FOUNDATION INC |
| USG REAL ESTATE FOUNDATION II LLC | |||||||||
| 270 WASHINGTON ST SW SUITE 5175 | ATLANTA | GA | 30334 | 270549673 | CONSTRUCTION AND LEASE OF REAL ESTATE | GA | 5855546 | 98211829 | UNIVERSITY SYSTEM OF GEORGIA FOUNDATION INC |
| USG REAL ESTATE FOUNDATION III LLC | |||||||||
| 270 WASHINGTON ST SW SUITE 5175 | ATLANTA | GA | 30334 | 272615552 | CONSTRUCTION AND LEASE OF REAL ESTATE | GA | 5072651 | 95431269 | UNIVERSITY SYSTEM OF GEORGIA FOUNDATION INC |
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY SYSTEM OF GEORGIA | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 270 WASHINTON ST SW SUITE 51 | AddressLine1 |
| City | ATLANTA | City |
| State | GA | State |
| ZIP Code | 30334 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 586002348 | EIN |
| Primary Activities | GOVERNING AND MGMT OF PUBLIC UNIVERSITIES & COLLEGES | PrimaryActivities |
| Legal Domicile State | GA | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | LINE 5 | PublicCharityStatus |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GEORGIA GOVERNOR | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | 0 | 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 | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Reasonable Cause Explanation ReasonableCauseExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | THE UNIVERSITY SYSTEM OF GEORGIA FOUNDATION, INC EXISTS TO BENEFIT THE BOARD OF REGENTS GOVERNING GEORGIA PUBLIC COLLEGES AND UNIVERSITIES, AND THEIR STUDENTS. THEY RECEIVE A SUBSTANTIAL PART OF THEIR SUPPORT FROM THE GENERAL PUBLIC AND POLITICAL SUBDIVISIONS OF THE STATE OF GEORGIA. THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY TO RECEIVE, HOLD, INVEST, AND ADMINISTER PROPERTY AND TO MAKE EXPENDITURES TO OR FOR THE BENEFIT OF STATE-SPONSORED COLLEGES AND UNIVERSITIES. THE FOUNDATION HAS BEEN PREVIOUSLY NOTIFIED THAT THEY WERE EXCUSED FROM THE ANNUAL INFORMATION RETURN FORM FILING. FURTHER, IT WAS ANTICIPATED THAT THE FOUNDATION MET THE REQUIREMENTS OF REVENUE PROCEDURE 95-48 AND QUALIFIED AS A PUBLIC CHARITY DESCRIBED IN 170(B)(1)(A)(VI). THE FOUNDATION RECEIVED AN IRS NOTICE DATED 12/21/11 REGARDING FILING OF FORM 990 FOR THE PERIOD ENDED 6/30/2012. THIS BEGAN A SERIES OF COMMUNICATIONS WITH THE IRS INCLUDING FORM 8940 REQUESTING A CHANGE IN PRIVATE FOUNDATION STATUS AND RECOGNITION AS EXCUSED FROM FILING FORM 990.AFTER OVER A YEAR OF COMMUNICATION, THE FOUNDATION DECIDED TO PROCEED WITH THE FILING OF 2011 FORM 990. THIS WAS DISCUSSED WITH THE IRS AGENT WHOM THE FOUNDATION HAD BEEN COMMUNICATING WITH.THE FOUNDATION WILL BE TIMELY-FILING FORM 990 FOR 2012 AND THERAFTER. PLEASE WAIVE ALL PENALTIES ASSOCIATED WITH THE LATE FILING OF 2011 FORM 990. THE FOUNDATION EXCERCISED REASONABLE BUSINESS CARE AND PRUDENCE IN RELYING ON PREVIOUS NOTICE THAT IT WAS EXEMPT FROM FILING FORM 990. STEPS ARE IN PLACE TO FILE TIMELY ANNUAL RETURNS. | Explanation |
Comments