MIDDLE GEORGIA STATE COLLEGE REAL ESTATE FOUNDATION INC: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- MIDDLE GEORGIA STATE COLLEGE REAL ESTATE FOUNDATION INC (EIN 23-7356941)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-16
- IRS object ID
- 201111369349304191
- Schema version
- 2009v1.7
- 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 O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-16T15:26:23-05:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
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 | 2009-07-01 | 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 |
| Business Name Line2 | co CASEY PAULK VICE CHAIRMAN | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MIDD | NameControl |
| Phone | 4789343012 | 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 | CASEY PAULK | Name |
| Title | VICE CHAIRMAN | Title |
| Phone | 4789343012 | Phone |
| Date Signed | 2011-05-16 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LENN L HALL | Name |
| Phone | 4789293888 | Phone |
| Date Prepared | 2011-05-16 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | CASEY PAULK | 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 | 25582815 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | N/A | 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 | 30 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 26 | 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 | 342381 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 390435 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 179353 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 277575 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 4198963 | InvestmentIncomePriorYear |
| Investment Income Current Year | 7776942 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 2912 | OtherRevenuePriorYear |
| Other Revenue Current Year | 2912 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 4723609 | TotalRevenuePriorYear |
| Total Revenue Current Year | 8447864 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 133030 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 134172 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 33600 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 33600 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1644235 | OtherExpensePriorYear |
| Other Expenses Current Year | 3276958 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1777265 | TotalExpensesPriorYear |
| Total Expenses Current Year | 3444730 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2946344 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 5003134 | RevenuesLessExpensesCY |
| Total Assets BOY | 74079995 | TotalAssetsBOY |
| Total Assets EOY | 76635625 | TotalAssetsEOY |
| Total Liabilities BOY | 66933544 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 64780750 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 7146451 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 11854875 | 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 | 442540 | Expense |
| Grants | 134172 | Grants |
| Description | AWARDING SCHOLARSHIPS AND PROVIDING SUPPORT FOR SCHOOL ACTIVITIES AT MIDDLE GEORGIA COLLEGE. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 2930646 | Expense |
| Revenue | 277575 | 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 | 3373186 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 1 | 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 | 1 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | 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 | 0 | 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 |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 1 | 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 |
| Nbr Voting Governing Body Members | 30 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 26 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | 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 | 0 | ConflictOfInterestPolicy |
| 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 | 4789343012 | 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 |
Form990 Part VII Section A Form990PartVIISectionA (44 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| DR RICHARD ANDERSON | ||||||
| FOUNDATION TRUSTEE | 0.30 | X | 0 | 0 | 0 | |
| MRS JENNIFER BARFIELD | ||||||
| FOUNDATION TRUSTEE | 15.00 | X | 0 | 0 | 0 | |
| MRS WANDA BARRS | ||||||
| FOUNDATION TRUSTEE | 0.30 | X | 0 | 0 | 0 | |
| MR JERRY BLAND | ||||||
| FOUNDATION TRUSTEE | 0.30 | X | 0 | 0 | 0 | |
| MS NANCY COBB | ||||||
| FOUNDATION TRUSTEE | 0.30 | X | 0 | 0 | 0 | |
| MR ALAN CURTIS | ||||||
| FOUNDATION TRUSTEE | 0.30 | X | 0 | 0 | 0 | |
| MR FRANK ERWIN | ||||||
| FOUNDATION TRUSTEE | 0.50 | X | 0 | 0 | 0 | |
| MR JOE FISHER | ||||||
| FOUNDATION TRUSTEE | 0.30 | X | 0 | 0 | 0 | |
| MR BRAD FRANKLIN | ||||||
| FOUNDATION TRUSTEE | 0.30 | X | 0 | 0 | 0 | |
| MS NYLAN HINSON | ||||||
| FOUNDATION TRUSTEE | 0.50 | X | 0 | 0 | 0 | |
| MRS LYNN HOBBS | ||||||
| FOUNDATION TRUSTEE | 3.00 | X | 0 | 0 | 0 | |
| MR MANSFIELD JENNINGS | ||||||
| FOUNDATION TRUSTEE | 0.30 | X | 0 | 0 | 0 | |
| MR JODY LYLES | ||||||
| FOUNDATION TRUSTEE | 0.30 | X | 0 | 0 | 0 | |
| MR JOHN MCELVEEN | ||||||
| FOUNDATION TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MS LAURA MEADOWS | ||||||
| FOUNDATION TRUSTEE | 0.30 | X | 0 | 0 | 0 | |
| MR MICHAEL J PARKERSON | ||||||
| FOUNDATION TRUSTEE | 0.30 | X | 0 | 0 | 0 | |
| MR JOHN PHILLIPS | ||||||
| FOUNDATION TRUSTEE | 0.50 | X | 0 | 0 | 0 | |
| MR LEO PHILLIPS | ||||||
| FOUNDATION TRUSTEE | 0.30 | X | 0 | 0 | 0 | |
| MR MIKE PRUETT | ||||||
| FOUNDATION TRUSTEE | 0.30 | X | 0 | 0 | 0 | |
| MR GLENN SAWYER | ||||||
| FOUNDATION TRUSTEE | 0.30 | X | 0 | 0 | 0 | |
| MR MARTY SMITH | ||||||
| FOUNDATION TRUSTEE | 0.30 | X | 0 | 0 | 0 | |
| MS MAXINE SMITH | ||||||
| FOUNDATION TRUSTEE | 0.30 | X | 0 | 0 | 0 | |
| MR W MICHAEL STOY | ||||||
| FOUNDATION TRUSTEE | 0.30 | X | 0 | 181873 | 26041 | |
| MR ERNIE TRIPP | ||||||
| FOUNDATION TRUSTEE | 0.30 | X | 0 | 0 | 0 | |
| MR PEYTON WILLIAMS | ||||||
| FOUNDATION TRUSTEE | 0.30 | X | 0 | 0 | 0 | |
| DR MARY ELLEN WILSON | ||||||
| FOUNDATION TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MR CHARLES PARKER SR | ||||||
| FOUNDATION CHAIRMAN | 2.00 | X | 0 | 0 | 0 | X |
| MR CASEY PAULK | ||||||
| FOUNDATION VICE-CHAIR/COCH | 1.00 | X | 0 | 0 | 0 | X |
| MR LARRY SUMNER | ||||||
| FOUNDATION TREASURER | 2.00 | X | 0 | 0 | 0 | X |
| MR M A BUTCH HALL | ||||||
| FOUNDATION SECRETARY | 1.00 | X | 0 | 0 | 0 | X |
| MR CHARLES PARKER SR | ||||||
| PRES-MGC R/E FOUND LLC | 0.30 | X | 0 | 0 | 0 | X |
| MR JOHN PHILLIPS | ||||||
| VP-MGC R/E FOUND LLC | 0.10 | X | 0 | 0 | 0 | X |
| MRS LYNN HOBBS | ||||||
| VP TREAS-MGC R/E FOUND LLC | 1.00 | X | 0 | 0 | 0 | X |
| MR M A BUTCH HALL | ||||||
| SECR-MGC R/E FOUND LLC | 0.10 | X | 0 | 0 | 0 | X |
| MR CARY MARTIN | ||||||
| BOARD MEMBER-MGC R/E FOUND | 0.10 | X | 0 | 0 | 0 | |
| MR GLENN SAWYER | ||||||
| BOARD MEMBER-MGC R/E FOUND | 0.10 | X | 0 | 0 | 0 | |
| DR MARY ELLEN WILSON | ||||||
| BOARD MEMBER-MGC R/E FOUND | 0.30 | X | 0 | 0 | 0 | |
| MR CHARLES PARKER SR | ||||||
| PRES-MGC R/E FOUND II LLC | 1.50 | X | 0 | 0 | 0 | X |
| MRS LYNN HOBBS | ||||||
| VP TREAS-MGC R/E FOUND II | 3.00 | X | 0 | 0 | 0 | X |
| MR JOHN PHILLIPS | ||||||
| VP-MGC R/E FOUND II LLC | 0.10 | X | 0 | 0 | 0 | X |
| MR M A BUTCH HALL | ||||||
| SECR-MGC R/E FOUND II LLC | 0.50 | X | 0 | 0 | 0 | X |
| MR CARY MARTIN | ||||||
| BOARD MEMBER-MGC R/E FOUND | 0.10 | X | 0 | 0 | 0 | |
| DR MARY ELLEN WILSON | ||||||
| BOARD MEMBER-MGC R/E FOUND | 0.50 | X | 0 | 0 | 0 | |
| MR GLENN SAWYER | ||||||
| BOARD MEMBER-MGC R/E FOUND | 0.10 | X | 0 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 181873 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 26041 | 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 (3 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| CHOATE CONSTRUCTION COMPANY | |||||
| 8200 ROBERTS DR SUITE 600 | ATLANTA | GA | 303504147 | CONSTRUCTION MANAGEMENT | 10578886 |
| HENDESSI & ASSOCIATES LLC | |||||
| 1212 COLLIER ROAD NW | ATLANTA | GA | 30318 | PROJECT MANAGEMENT SERVICES | 241825 |
| LORD AECK & SARGENT ARCHITECTURE | |||||
| 1201 PEACHTREE ST NE SUITE 300 | ATLANTA | GA | 303613500 | ARCHITECTUAL SERVICES | 154399 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
| Government Grants | 206418 | GovernmentGrants |
| All Other Contributions | 184017 | AllOtherContributions |
| Noncash Contributions | 8327 | NoncashContributions |
| Total Contributions | 390435 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | RENTAL INCOME-STUDENT | Description |
| Business Code | 531110 | BusinessCode |
| Total Revenue Column | 277575 | TotalRevenueColumn |
| Related Or Exempt Function Income | 277575 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 277575 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3318631 | TotalRevenueColumn |
| Exclusion | $3,318,631 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 21593262 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 17134951 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 4458311 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4458311 | TotalRevenueColumn |
| Exclusion | $4,458,311 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | BOND AMORTIZATION PREM | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 2912 | TotalRevenueColumn |
| Exclusion | $2,912 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 2912 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 8447864 | TotalRevenueColumn |
| Related Or Exempt Function Income | 277575 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $7,779,854 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 134172 | Total |
| Program Services | 134172 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15 | Total |
| Management And General | 15 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30410 | Total |
| Management And General | 30410 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 33600 | Total |
| Fundraising | 33600 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 499 | Total |
| Management And General | 499 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2842792 | Total |
| Program Services | 2842792 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 101950 | Total |
| Program Services | 101950 | ProgramServices |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| MENTORING PROGRAM EXPEN | 206418 | 206418 | |
| AMORTIZATION OF BOND IS | 65948 | 65948 | |
| MANAGEMENT FEES | 14906 | 14906 | |
| INSURANCE | 7020 | 7020 | |
| BOND TRUSTEE FEES | 7000 | 7000 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3444730 | Total |
| Program Services | 3373186 | ProgramServices |
| Management And General | 37944 | ManagementAndGeneral |
| Fundraising | 33600 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 164721 | BOY |
| EOY | 209581 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1052471 | BOY |
| EOY | 1057452 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25743 | BOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 836832 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 254875 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 747057 | BOY |
| EOY | 581957 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 129990 | BOY |
| EOY | 142726 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14720970 | BOY |
| EOY | 10242129 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 40545772 | BOY |
| EOY | 62675302 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16693271 | BOY |
| EOY | 1726478 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 74079995 | BOY |
| EOY | 76635625 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3717801 | BOY |
| EOY | 1630750 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25743 | BOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 63190000 | BOY |
| EOY | 63150000 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 66933544 | BOY |
| EOY | 64780750 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5871047 | BOY |
| EOY | 10486936 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 487240 | BOY |
| EOY | 509156 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 788164 | BOY |
| EOY | 858783 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7146451 | BOY |
| EOY | 11854875 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 74079995 | BOY |
| EOY | 76635625 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | 84328 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 153936 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 119679 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 342381 | CurrentTaxYearMinus1Year |
| Current Tax Year | 390435 | CurrentTaxYear |
| Total | 1090759 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 84328 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 153936 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 119679 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 342381 | CurrentTaxYearMinus1Year |
| Current Tax Year | 390435 | CurrentTaxYear |
| Total | 1090759 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 1090759 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 22055 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 312367 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 211586 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 347143 | CurrentTaxYearMinus1Year |
| Current Tax Year | 299834 | CurrentTaxYear |
| Total | 1192985 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 46454 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | -548157 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1217414 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1639090 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3021709 | CurrentTaxYear |
| Total | 5376510 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 7660254 | TotalSupport |
| Gross Receipts From Admissions Etc | 635625 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.14240 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.20680 | PublicSupportPertcentPriorYear |
| Ten Percent Test Current Year | X | TenPercentTestCurrentYear |
| General Explanation | Schedule A, Part IV, Supplemental Information: LINE 17A - 10%-FACTS-AND-CIRCUMSTANCES TEST 2009 - THE FOUNDATION MEETS THE "FACTS AND CIRCUMSTANCES" TEST TO QUALIFY AS A PUBLICLY SUPPORTED ORGANIZATION FOR 2009 AS EXPLAINED BELOW. THE FOUNDATION'S GOVERNING BODY REPRESENTS THE BROAD INTERESTS OF THE PUBLIC AND PROVIDES FACILITIES DIRECTLY FOR THE BENEFIT OF THE GENERAL PUBLIC ON A CONTINUING BASIS. MORE SPECIFICALLY, THE FOUNDATION AND ITS GOVERNING BODY PROMOTES IN VARIOUS WAYS THE CAUSE OF HIGHER EDUCATION, EXPANDS EDUCATIONAL OPPORTUNITIES, SUPPORTS ATHLETIC PROGRAMS, AND ACQUIRES AND ADMINISTERS FUNDS TO BE USED TO AWARD SCHOLARSHIPS AND CREATE ENDOWMENTS FOR THE BENEFIT OF STUDENTS AND FACULTY OF MIDDLE GEORGIA COLLEGE IN COCHRAN, GA. ALSO, THROUGH TWO WHOLLY-OWNED SUBSIDIARIES, THE FOUNDATION HAS CONSTRUCTED SIX RESIDENCE HALLS WHICH ARE LEASED BY THE UNIVERSITY SYSTEM OF GEORGIA FOR THE BENEFIT OF THE STUDENTS OF MIDDLE GEORGIA COLLEGE. | 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 | 788416 | BeginningOfYearBalance |
| Contributions | 82157 | Contributions |
| Investment Earnings Or Losses | 17106 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 11125 | GrantsOrScholarships |
| End Of Year Balance | 876554 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| 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) |
|---|---|---|
| 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 | 820500 | OtherCostOrOtherBasis |
| Depreciation | 254875 | Depreciation |
| Book Value | 565625 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 581957 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INVESTMENTS DESIGNATED FOR CONSTRUCTION & DEBT SERVICE | Description |
| Book Value | 10242129 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 10242129 | TotalOfBookValueSecurities |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | NET INVESTMENT IN SALES-TYPE CAPITAL LEASE | Description |
| Book Value | 62675302 | BookValue |
| Method Of Valuation | C | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 62675302 | TotalOfBookValueProgramRelated |
| Total Revenue | 8447864 | TotalRevenue |
| Total Expenses | 3444730 | TotalExpenses |
| Excess Or Deficit For Year | 5003134 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 8347 | NetUnrealizedGLOnInvestments |
| Other | -$303,057 | OtherAmount |
| Total Adjustments | -294710 | TotalAdjustments |
| Excess Or Deficit Per FS | 4708424 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 8429010 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 8347 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 8347 | RevenueNotRptdF990 |
| Revenue Subtotal | 8420663 | RevenueSubtotal |
| Other Revenues Not Included | 27201 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 27201 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 8447864 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 3720586 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 275856 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 275856 | ExpensesNotRptdF990 |
| Expenses Subtotal | 3444730 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 3444730 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Part X: | Description of Uncertain Tax Positions Under FIN 48: | THE ORGANIZATION HAS NO LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 AND, THEREFORE, THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS DO NOT CONTAIN A FOOTNOTE REGARDING A LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48. |
| Part XI, Line 8 - Other Adjustments: | ADJUSTMENT TO REVENUE & EXPS TO CONVERT GAAP FINANCIAL STMTS TO CASH BASIS 990: -303057. | |
| Part XII, Line 4b - Other Adjustments: | ADJUSTMENT TO REVENUE TO CONVERT GAAP FINANCIAL STMTS TO CASH BASIS 990: 27201. | |
| Part XIII, Line 2d - Other Adjustments: | ADJUSTMENT TO EXPENSES TO CONVERT GAAP FINANCIAL STMTS TO CASH BASIS 990: 275856. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Agreement Ref Fundraising | 1 | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
Name Of Organization NameOfOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LIGHTHOUSE COUNSEL INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | DEVELOP NEWSLETTER TO MAIL TO DONORS; CAMPAIGN PLAN/SUPPORT. | Activity |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFunds |
| Gross Receipts | 2000 | GrossReceipts |
| Amount Retained By Contractor | 33600 | AmountRetainedByContractor |
| Net To Organization | 2000 | NetToOrganization |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | 2000 | TotalGrossReceipts |
| Total Retained By Contractors | 33600 | TotalRetainedByContractors |
| Total Net To Organization | 2000 | TotalNetToOrganization |
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 | 105 | 64849 | BOOK (SAME AS FMV) | N/A |
| ATHLETIC PROGRAM SCHOLARSHIPS TO STUDENTS AT MIDDLE GEORGIA COLLEGE | 8 | 17326 | BOOK (SAME AS FMV) | N/A |
| SUPPORT PROVIDED FOR VARIOUS ATHLETIC PROGRAMS AT MIDDLE GEORGIA COLLEGE; STUDENTS IN GENERAL BENEFITED WITH NO SPECIFIC RECIPIENTS. | 13919 | BOOK (SAME AS FMV) | N/A | |
| SUPPORT PROVIDED FOR ALUMNI AND OTHER STUDENT ACTIVITIES AT MIDDLE GEORGIA COLLEGE | 150 | 38078 | 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. MENTORING GRANT - THE PROGRAM DIRECTOR IS RESPONSIBLE FOR REVIEWING ALL DOCUMENTATION SUBMITTED BY THE VARIOUS COUNTIES AND ENSURES THAT THE EXPENDITURES ARE IN ACCORDANCE WITH THE GRANT REQUIREMENTS. THE ACCOUNTANT IN THE FISCAL AFFAIRS' OFFICE REVIEWS ALL OF THE REQUESTS FOR DISBURSEMENTS AND COMPLETES THE REQUISITION FOR REIMBURSEMENT TO THE COUNTIES. SHE ALSO DRAWS DOWN THE FEDERAL FUNDS FOR THE GRANT ONCE THE CHECKS HAVE BEEN WRITTEN. | Explanation |
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
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MR W MICHAEL STOY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Base Compensation Filing Org | 0 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 181873 | 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 | 17884 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 0 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 8157 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 0 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 207914 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
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 |
|---|---|---|---|---|---|---|
| BLECKLEY-COCHRAN DEVELOPMENT AUTHORITY | ||||||
| 030574334 | 09348PBC9 | 2005-11-29 | 26899298 | CONSTRUCTION OF STUDENT HOUSING FOR STUDENTS OF MIDDLE GEORGIA COLLEGE | 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 |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Capital ExpendituresCapitalExpenditures | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|
| 26899298 | 2265731 | 751234 | 23882333 | 2007 | 0 | 0 | 1 | 1 |
| 35665315 | 3467617 | 668014 | 31732540 | 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 | Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|
| 0 | 0 | 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 O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Form 990, Part VI, Section A, line 2 | MR. JOHN PHILLIPS AND MR. LEO PHILLIPS ARE BROTHERS WHO ARE BOTH FOUNDATION TRUSTEES. MR. FRANK ERWIN IS THE SON-IN-LAW OF MR. MIKE PRUETT AND BOTH ARE FOUNDATION TRUSTEES. | |
| 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 990. | |
| 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. CHARLES PARKER, SR. - 106 SURREY PLACE, PERRY, GA 31069. MR. CASEY PAULK - 1088 COLEY STATION ROAD, COCHRAN, GA 31014. MR. MIKE PRUETT - 1000 EVERGREEN CIRCLE, EASTMAN, GA 31023. MR. LARRY SUMNER - P. O. BOX 535, COCHRAN, GA 31014. MR M. A. (BUTCH) HALL - 150 IDLEWOOD CIRCLE, HAWKINSVILLE, GA 31036. DR. RICHARD ANDERSON - P. O. BOX 494, COCHRAN, GA 31014. MRS. JENNIFER BARFIELD - 116 RIDGEWAY DRIVE, FORT VALLEY, GA 31030. MRS. WANDA BARRS - 465 RUTH CHURCH ROAD, COCHRAN, GA 31014. MR. JERRY BLAND - 132 BRACEWELL ROAD, HELENA, GA 31037. MS. NANCY COBB - 2309 PEACOCK DRIVE, DUBLIN, GA 31021. MR. ALAN CURTIS - 375 LIMESTONE ROAD, COCHRAN, GA 31014. MR. FRANK ERWIN - 1769 DUBLIN HIGHWAY, EASTMAN, GA 31023. MR. JOE FISHER - 100 SW DYKES STREET, COCHRAN, GA 31014. MR. BRAD FRANKLIN - 3605 CANTERBURY ROAD, TRENT WOODS, NC 28562. MS. NYLAN HINSON - 801 MIDDLE GROUND CHURCH RD, EASTMAN, GA 31023. MRS. LYNN HOBBS - 268 SAM BUTLER RD, COCHRAN, GA 31014. MR. MANSFIELD JENNINGS - P. O. BOX 1298, HAWKINSVILLE, GA 31036. MR. JODY LYLES - P. O. BOX 49, COCHRAN, GA 31014. MR. JOHN MCELVEEN - 108 WEST PETER ST., COCHRAN, GA 31014. MS. LAURA MEADOWS - 1899 ANJACO ROAD, NW, ATLANTA, GA 30309. MR. JOHN PHILLIPS - P. O. BOX 192, COCHRAN, GA 31014. MR. LEO PHILLIPS - P. O. BOX 192, COCHRAN, GA 31014. MR. GLENN SAWYER - 146 E. DYKES STREET, COCHRAN, GA 31014. MR. MARTY SMITH - 3445 HWY 80 W, DUDLEY, GA 31022. MS. MAXINE SMITH - 104 ARMSTRONG STREET, ST SIMONS ISLAND, GA 31522. MR. ERNIE TRIPP - 1519 EASTMAN HWY, COCHRAN, GA 31014. DR. MARY ELLEN WILSON - 1711 RODDY HWY, COCHRAN, GA 31014. DR. MARY ELLEN WILSON - 1711 RODDY HWY, COCHRAN, GA 31014. MR M. A. (BUTCH) HALL - 150 IDLEWOOD CIRCLE, HAWKINSVILLE, GA 31036. MRS. LYNN HOBBS - 268 SAM BUTLER RD, COCHRAN, GA 31014. MR. JOHN PHILLIPS - P. O. BOX 192, COCHRAN, GA 31014. MR. GLENN SAWYER - 146 E. DYKES STREET, COCHRAN, GA 31014. MR. CARY MARTIN - BLECKLEY MEMORIAL HOSPITAL, COCHRAN, GA 31014. MR. CHARLES PARKER, SR. - 106 SURREY PLACE, PERRY, GA 31069. DR. MARY ELLEN WILSON - 1711 RODDY HWY, COCHRAN, GA 31014. MR M. A. (BUTCH) HALL - 150 IDLEWOOD CIRCLE, HAWKINSVILLE, GA 31036. MRS. LYNN HOBBS - 268 SAM BUTLER RD, COCHRAN, GA 31014. MR. JOHN PHILLIPS - P. O. BOX 192, COCHRAN, GA 31014. MR. GLENN SAWYER - 146 E. DYKES STREET, COCHRAN, GA 31014. MR. CARY MARTIN - BLECKLEY MEMORIAL HOSPITAL, COCHRAN, GA 31014. MR. CHARLES PARKER, SR. - 106 SURREY PLACE, PERRY, GA 31069. MR. W. MICHAEL STOY - 154 WHIPPOORWILL LANDING, COCHRAN, GA 31014. MR. MICHAEL J. PARKERSON - 1095 BLUE RIDGE AVE, APT 1, ATLANTA, GA 30306. | Contact Addresses for Officers, Directors, Etc |
| 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 | 1537986 | 30307472 | N/A |
| MGC REAL ESTATE FOUNDATION II LLC | |||||||||
| 1100 SECOND STREET SE | COCHRAN | GA | 31014 | 261742855 | CONSTRUCTION OF STUDENT HOUSING FACILITIES | GA | 6551938 | 44349504 | 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 |
| 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 | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| MIDDLE GEORGIA COLLEGE | |
| B | 51997 |
| mIDDLE GEORGIA COLLEGE | |
| I | 3018797 |