2011-05-16T15:26:23-05:00 2010-06-30 NICHOLS CAULEY & ASSOCIATES LLC 400 CORDER ROAD WARNER ROBINS GA 310887166 990 2009-07-01 237356941 Middle Georgia College Foundation Inc co CASEY PAULK VICE CHAIRMAN MIDD 4789343012 1100 SECOND STREET SE Cochran GA 31014 CASEY PAULK 4789343012 2011-05-16 1 LENN L HALL 4789293888 2011-05-16 2009 2016-02-24 21:20:13Z CASEY PAULK 1100 2ND STREET SE COCHRAN GA 31014 25582815 0 X N/A X 1973 GA PROVIDE SCHOLARSHIPS, ETC. TO MIDDLE GA COLLEGE 30 26 0 50 0 0 342381 390435 179353 277575 4198963 7776942 2912 2912 4723609 8447864 133030 134172 0 0 33600 33600 1644235 3276958 1777265 3444730 2946344 5003134 74079995 76635625 66933544 64780750 7146451 11854875 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. 0 0 442540 134172 AWARDING SCHOLARSHIPS AND PROVIDING SUPPORT FOR SCHOOL ACTIVITIES AT MIDDLE GEORGIA COLLEGE. 2930646 277575 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. 3373186 1 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 1 0 0 0 30 26 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 GA X MRS LYNN HOBBS 4789343012 1100 SECOND STREET SE COCHRAN GA 31014 DR RICHARD ANDERSON 0.30 X 0 0 0 MRS JENNIFER BARFIELD 15.00 X 0 0 0 MRS WANDA BARRS 0.30 X 0 0 0 MR JERRY BLAND 0.30 X 0 0 0 MS NANCY COBB 0.30 X 0 0 0 MR ALAN CURTIS 0.30 X 0 0 0 MR FRANK ERWIN 0.50 X 0 0 0 MR JOE FISHER 0.30 X 0 0 0 MR BRAD FRANKLIN 0.30 X 0 0 0 MS NYLAN HINSON 0.50 X 0 0 0 MRS LYNN HOBBS 3.00 X 0 0 0 MR MANSFIELD JENNINGS 0.30 X 0 0 0 MR JODY LYLES 0.30 X 0 0 0 MR JOHN MCELVEEN 1.00 X 0 0 0 MS LAURA MEADOWS 0.30 X 0 0 0 MR MICHAEL J PARKERSON 0.30 X 0 0 0 MR JOHN PHILLIPS 0.50 X 0 0 0 MR LEO PHILLIPS 0.30 X 0 0 0 MR MIKE PRUETT 0.30 X 0 0 0 MR GLENN SAWYER 0.30 X 0 0 0 MR MARTY SMITH 0.30 X 0 0 0 MS MAXINE SMITH 0.30 X 0 0 0 MR W MICHAEL STOY 0.30 X 0 181873 26041 MR ERNIE TRIPP 0.30 X 0 0 0 MR PEYTON WILLIAMS 0.30 X 0 0 0 DR MARY ELLEN WILSON 1.00 X 0 0 0 MR CHARLES PARKER SR 2.00 X X 0 0 0 MR CASEY PAULK 1.00 X X 0 0 0 MR LARRY SUMNER 2.00 X X 0 0 0 MR M A BUTCH HALL 1.00 X X 0 0 0 MR CHARLES PARKER SR 0.30 X X 0 0 0 MR JOHN PHILLIPS 0.10 X X 0 0 0 MRS LYNN HOBBS 1.00 X X 0 0 0 MR M A BUTCH HALL 0.10 X X 0 0 0 MR CARY MARTIN 0.10 X 0 0 0 MR GLENN SAWYER 0.10 X 0 0 0 DR MARY ELLEN WILSON 0.30 X 0 0 0 MR CHARLES PARKER SR 1.50 X X 0 0 0 MRS LYNN HOBBS 3.00 X X 0 0 0 MR JOHN PHILLIPS 0.10 X X 0 0 0 MR M A BUTCH HALL 0.50 X X 0 0 0 MR CARY MARTIN 0.10 X 0 0 0 DR MARY ELLEN WILSON 0.50 X 0 0 0 MR GLENN SAWYER 0.10 X 0 0 0 0 181873 26041 0 0 1 0 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 3 206418 184017 8327 390435 RENTAL INCOME-STUDENT 531110 277575 277575 277575 3318631 3318631 21593262 17134951 4458311 4458311 4458311 BOND AMORTIZATION PREM 900099 2912 2912 2912 8447864 277575 0 7779854 134172 134172 15 15 30410 30410 33600 33600 499 499 2842792 2842792 101950 101950 MENTORING PROGRAM EXPEN 206418 206418 AMORTIZATION OF BOND IS 65948 65948 MANAGEMENT FEES 14906 14906 INSURANCE 7020 7020 BOND TRUSTEE FEES 7000 7000 3444730 3373186 37944 33600 164721 209581 1052471 1057452 25743 836832 254875 747057 581957 129990 142726 14720970 10242129 40545772 62675302 16693271 1726478 74079995 76635625 3717801 1630750 25743 63190000 63150000 66933544 64780750 X 5871047 10486936 487240 509156 788164 858783 7146451 11854875 74079995 76635625 X 0 1 0 X 0 X 84328 153936 119679 342381 390435 1090759 84328 153936 119679 342381 390435 1090759 1090759 22055 312367 211586 347143 299834 1192985 46454 -548157 1217414 1639090 3021709 5376510 7660254 635625 0.14240 0.20680 X 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 788416 82157 17106 11125 876554 869484 51597 -59840 63170 9655 788416 0 0 16332 16332 820500 254875 565625 581957 INVESTMENTS DESIGNATED FOR CONSTRUCTION & DEBT SERVICE 10242129 F 10242129 NET INVESTMENT IN SALES-TYPE CAPITAL LEASE 62675302 C 62675302 8447864 3444730 5003134 8347 -303057 -294710 4708424 8429010 8347 8347 8420663 27201 27201 8447864 3720586 275856 275856 3444730 0 3444730 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. X 1 LIGHTHOUSE COUNSEL INC DEVELOP NEWSLETTER TO MAIL TO DONORS; CAMPAIGN PLAN/SUPPORT. 0 2000 33600 2000 2000 33600 2000 1 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 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: 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. 0 0 0 0 0 0 0 0 0 MR W MICHAEL STOY 0 181873 0 0 0 0 0 17884 0 8157 0 207914 0 0 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 26899298 2265731 751234 23882333 2007 0 0 1 1 35665315 3467617 668014 31732540 2009 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Contact Addresses for Officers, Directors, Etc 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. FORM 990, PART XI, LINE 2C OVERSIGHT OF AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT 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. 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. 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 MIDDLE GEORGIA COLLEGE 1100 SECOND STREET SE COCHRAN GA 31014 586002057 FOUNDATION OPERATES IN CONNECTION WITH & FOR BENEFIT OF MIDDLE GA COLLEGE GA IRC SECTION 501(A) 501(C)(3) N/A 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 MIDDLE GEORGIA COLLEGE B 51997 mIDDLE GEORGIA COLLEGE I 3018797