KENNESAW STATE UNIVERSITY FOUNDATION INC: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- KENNESAW STATE UNIVERSITY FOUNDATION INC (EIN 23-7034345)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-16
- IRS object ID
- 201121369349305237
- 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 I
- Schedule J
- Schedule K
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-16T15:35:23-05:00 | 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 | Mauldin & Jenkins CPAs LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 Galleria Parkway SE Suite 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 | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237034345 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Kennesaw State University Foundation Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | KENN | NameControl |
| Phone | 7704236027 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 Chastain Road No 9101 | AddressLine1 |
| City | Kennesaw | City |
| State | GA | State |
| ZIP Code | 30144 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Richard Corhen | Name |
| Title | Chief Operating Officer | Title |
| Phone | 7704236027 | Phone |
| Date Signed | 2011-05-16 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Jeff T Fucito | Name |
| Phone | 7709558600 | Phone |
| Self Employed | X | SelfEmployed |
| 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 | Richard Corhen | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 Chastain Road No 9101 | AddressLine1 |
| City | Kennesaw | City |
| State | GA | State |
| ZIP Code | 30144 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 50513008 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.kennesaw.edu/foundation | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1969 | YearFormation |
| State Legal Domicile | GA | StateLegalDomicile |
| Activity Or Mission Description | To serve as an advocate for Kennesaw State University, and to receive, invest, account for, and allocate private gifts and contributions in support of the University. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 37 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 37 | NbrIndependentVotingMembers |
| Total Nbr Employees | 60 | TotalNbrEmployees |
| Total Nbr Volunteers | 37 | TotalNbrVolunteers |
| Total Gross UBI | 993317 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -107108 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 10752497 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 6431481 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 25811111 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 30531733 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -1119402 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1860969 | InvestmentIncomeCurrentYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 35444206 | TotalRevenuePriorYear |
| Total Revenue Current Year | 38824183 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 3836353 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 5175161 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 520050 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 879420 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 253107 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 28359130 | OtherExpensePriorYear |
| Other Expenses Current Year | 29809070 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 32715533 | TotalExpensesPriorYear |
| Total Expenses Current Year | 35863651 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2728673 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2960532 | RevenuesLessExpensesCY |
| Total Assets BOY | 348580947 | TotalAssetsBOY |
| Total Assets EOY | 376760015 | TotalAssetsEOY |
| Total Liabilities BOY | 326795149 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 350936794 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 21785798 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 25823221 | NetAssetsOrFundBalancesEOY |
| Mission Description | To independently support, guide, and protect Kennesaw State University in Kennesaw, Georgia. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 28819598 | Expense |
| Revenue | 29538416 | Revenue |
| Description | Leasing operations - provide student housing for students, parking facilities to University, office facilities to University and others, Dining hall facilities to University. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 2193186 | Expense |
| Grants | 2193186 | Grants |
| Description | Academic programs and Scholarships | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 250008 | Expense |
| Grants | 250008 | Grants |
| Description | Athletic Programs | Description |
Activity Other ActivityOther (3 entries)
| ExpenseExpense | GrantsGrants | DescriptionDescription |
|---|---|---|
| 2731967 | 2731967 | Other program services provided for the University by the Foundation include Faculty Awards, Hispanic Student Retention Program, Georgia Youth Science and Technology Center, special events and programs, President's office expenses, and campus-wide events. |
| Other University Support | ||
| OTHER PROGRAM SERVICES |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 2731967 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 2731967 | TotalOfOtherProgramServiceGrnt |
| Total Program Service Expense | 33994759 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 1 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | 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 | 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 | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | 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 | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 1 | 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 | 56 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 60 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| 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 | 37 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 37 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | 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 | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | GA | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Mildred Begitschke | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7704236675 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 CHASTAIN ROAD MD 9101 | AddressLine1 |
| City | kennesaw | City |
| State | GA | State |
| ZIP Code | 30144 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (45 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| Norman J Radow | ||||||||
| Chairman of the Board | 1.00 | X | X | 0 | 0 | 0 | ||
| Thomas M Holder | ||||||||
| Immediate Past Chairman | 1.00 | X | X | 0 | 0 | 0 | ||
| Bob Prillaman | ||||||||
| Executive Vice Chairman | 1.00 | X | X | 0 | 0 | 0 | ||
| Connie Engel | ||||||||
| Vice Chairman | 1.00 | X | X | 0 | 0 | 0 | ||
| James P Dunn | ||||||||
| Vice Chairman | 1.00 | X | X | 0 | 0 | 0 | ||
| George W Kalafut | ||||||||
| Treasurer | 1.00 | X | X | 0 | 0 | 0 | ||
| Hollister A Hill | ||||||||
| Secretary | 1.00 | X | X | 0 | 0 | 0 | ||
| Mr Brent Armstrong | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Chester A Austin | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Thomas N Bagwell | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Dr M Bobbie Bailey | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Ron H Bell | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Ms Jo Ann Chitty | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Thomas E Clendenin | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| DR MICHAEL J COLES | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Dr Stanley H Dysart | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Ronald H Francis | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Richard L Holmes | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr James A Hush | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Honorable Johnny H Isakson | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Don Johnson | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Douglas E Jones | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Michael J Keough | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Mark R Kirk | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Ms Ellen Langford | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr De Little | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mrs Janie S Maddox | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Dan L Rakestraw | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Lee Rhyant | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Michael B Russell | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Andre Schnabl | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Rick Siegel | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Kessel D Stelling Jr | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr J Larry Stevens | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Ralph W Walker III | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Robert K Walsh | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mr Lawrence D Wheeler | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Wesley K Wicker | ||||||||
| Executive Director | 40.00 | X | 25000 | 156032 | 26847 | |||
| Mildred G Begitschke | ||||||||
| CFO | 40.00 | X | 143558 | 0 | 22891 | |||
| Richard Corhen | ||||||||
| COO | 40.00 | X | 59878 | 0 | 4819 | |||
| Dr Dan Papp | ||||||||
| President, KSU | 40.00 | X | 30000 | 236368 | 36642 | |||
| William Heflin | ||||||||
| Director, Real Estate | 40.00 | 150228 | 0 | 12376 | X | |||
| Karen Paonessa | ||||||||
| Assistant Vice President | 40.00 | 10000 | 102721 | 13007 | X | |||
| Donna Passow | ||||||||
| Manager, Real Estate | 40.00 | 113678 | 0 | 7162 | X | |||
| Carol Rice | ||||||||
| Controller | 40.00 | 100016 | 0 | 5678 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 632358 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 495121 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 129422 | TotalOtherCompensation |
| Number Individuals GT100 K | 4 | 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 |
|---|---|---|---|---|---|
| DLA Piper LLP | |||||
| PO Box 64029 | Baltimore | MD | 21264 | legal Services | 570941 |
| Schulten Ward & Turner | |||||
| 260 Peachtree Street Suite 2700 | Atlanta | GA | 30303 | Legal Services | 140517 |
| MAULDIN & JENKINS LLC | |||||
| 200 GALLERIA PARKWAY SUITE 1700 | ATLANTA | GA | 30303 | AUDIT & TAX | 110998 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
| All Other Contributions | 6431481 | AllOtherContributions |
| Noncash Contributions | 444911 | NoncashContributions |
| Total Contributions | 6431481 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| RENTAL INCOME | 531190 | 29439388 | 29439388 | |
| Rental Income | 721110 | 993317 | 993317 | |
| MANAGEMENT FEES | 531310 | 99028 | 99028 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 30531733 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1493619 | TotalRevenueColumn |
| Exclusion | $1,493,619 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 12056175 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 11688825 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 367350 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 367350 | TotalRevenueColumn |
| Exclusion | $367,350 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 38824183 | TotalRevenueColumn |
| Related Or Exempt Function Income | 29538416 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 993317 | UnrelatedBusinessRevenue |
| Exclusion | $1,860,969 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3065781 | Total |
| Program Services | 3065781 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2109380 | Total |
| Program Services | 2109380 | ProgramServices |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 428750 | Total |
| Management And General | 428750 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 450670 | Total |
| Management And General | 450670 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 100360 | Total |
| Management And General | 100360 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 110998 | Total |
| Management And General | 110998 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 173162 | Total |
| Management And General | 173162 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18226 | Total |
| Management And General | 18226 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 83058 | Total |
| Management And General | 83058 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 69460 | Total |
| Management And General | 69460 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13208933 | Total |
| Program Services | 13105454 | ProgramServices |
| Management And General | 103479 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6630094 | Total |
| Program Services | 6630094 | ProgramServices |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | FundraisingFundraising | Management And GeneralManagementAndGeneral |
|---|---|---|---|---|
| RENTAL OPERATIONS | 9084050 | 9084050 | ||
| FUNDRAISING | 253107 | 253107 | ||
| Miscellaneous | 45198 | 45198 | ||
| Meals and Entertainment | 28178 | 28178 | ||
| Equipment Rental And Ma | 4246 | 4246 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 35863651 | Total |
| Program Services | 33994759 | ProgramServices |
| Management And General | 1615785 | ManagementAndGeneral |
| Fundraising | 253107 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2505471 | BOY |
| EOY | 5476697 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7108223 | BOY |
| EOY | 7882386 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4848162 | BOY |
| EOY | 3326003 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 518350 | BOY |
| EOY | 641905 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 368989 | BOY |
| EOY | 390808 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 202703190 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 26388328 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 167917538 | BOY |
| EOY | 176314862 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22583430 | BOY |
| EOY | 28366191 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 142730784 | BOY |
| EOY | 154361163 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 348580947 | BOY |
| EOY | 376760015 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3004276 | BOY |
| EOY | 5000147 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 719329 | BOY |
| EOY | 117821 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 286587451 | BOY |
| EOY | 280055978 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29124281 | BOY |
| EOY | 53789680 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7359812 | BOY |
| EOY | 11973168 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 326795149 | BOY |
| EOY | 350936794 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -11104396 | BOY |
| EOY | -9993766 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10470676 | BOY |
| EOY | 12889476 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22419518 | BOY |
| EOY | 22927511 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21785798 | BOY |
| EOY | 25823221 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 348580947 | BOY |
| EOY | 376760015 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | 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 | Kennesaw State University | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 580965786 | EIN |
| Type Of Organization | State University | TypeOfOrganization |
| Listed In Governing Doc | 1 | ListedInGoverningDoc |
| Supported Organization Notified | 1 | SupportedOrganizationNotified |
| Organized In US | 1 | OrganizedInUS |
| Amount | $2,873,983 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Supported Orgs | 1 | TotalNumberOfSupportedOrgs |
| Sum Of Amounts | 2873983 | 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) |
|---|---|---|
| Number DA Fs Held | 0 | NumberDAFsHeld |
| Number Funds Held | 0 | NumberFundsHeld |
| Donor Advised Contributions | 20322 | DonorAdvisedContributions |
| Contrib To Funds And Other Accounts | 0 | ContribToFundsAndOtherAccounts |
| Grants Paid From Donor Funds | 20322 | GrantsPaidFromDonorFunds |
| Grants Funds And Other Accounts | 0 | GrantsFundsAndOtherAccounts |
| Aggregate DAF Value | 0 | AggregateDAFValue |
| Aggregate Fund Value | 0 | AggregateFundValue |
| Disclosed Orgs Legal Control | 1 | DisclosedOrgsLegalControl |
| Disclosed For Charitable Purposes | 1 | DisclosedForCharitablePurposes |
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets In Part X | 1853650 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Collect Used For Loan Or Exch Prgrms | X | CollectUsedForLoanOrExchPrgrms |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 23838050 | BeginningOfYearBalance |
| Contributions | 521993 | Contributions |
| Investment Earnings Or Losses | 2792125 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 896283 | GrantsOrScholarships |
| End Of Year Balance | 26255885 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 27705120 | BeginningOfYearBalance |
| Contributions | 821988 | Contributions |
| Investment Earnings Or Losses | -3597968 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1091090 | GrantsOrScholarships |
| End Of Year Balance | 23838050 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.10000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.02000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.88000 | TermEndowmentEOYBalance |
| 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 | 27686890 | OtherCostOrOtherBasis |
| Book Value | 27686890 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 163582938 | OtherCostOrOtherBasis |
| Depreciation | 25040222 | Depreciation |
| Book Value | 138542716 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 30200 | OtherCostOrOtherBasis |
| Depreciation | 30200 | Depreciation |
| Book Value | 0 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 11403162 | OtherCostOrOtherBasis |
| Depreciation | 1317906 | Depreciation |
| Book Value | 10085256 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 176314862 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (3 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| Fixed Income | 7364642 | F |
| Equity Funds | 19345829 | F |
| Cash Management Funds | 1655720 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 28366191 | TotalOfBookValueSecurities |
Other Assets OtherAssets (4 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| Net Investments in Direct Financing Leases | 109822287 |
| ASSETS LIMITED AS TO USE | 33995462 |
| Unamortized Debt Issuance Costs | 8676736 |
| OTHER ASSETS | 1866678 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 154361163 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Accrued Interest | $6,671,152 |
| ACCRUED EXPENSES | $208,916 |
| ANNUITY OBLIGATION | $163,848 |
| Construction Payable | $4,929,252 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 11973168 | TotalOfAmounts |
| Total Revenue | 38824183 | TotalRevenue |
| Total Expenses | 35863651 | TotalExpenses |
| Excess Or Deficit For Year | 2960532 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 1691038 | NetUnrealizedGLOnInvestments |
| Prior Period Adjustments | -614147 | PriorPeriodAdjustments |
| Total Adjustments | 1076891 | TotalAdjustments |
| Excess Or Deficit Per FS | 4037423 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 41039221 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 1691038 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 524000 | DonatedSrvcAndUseOfFacilities |
| Revenue Not Rptd F990 | 2215038 | RevenueNotRptdF990 |
| Revenue Subtotal | 38824183 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 38824183 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 36387651 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 524000 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 524000 | ExpensesNotRptdF990 |
| Expenses Subtotal | 35863651 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 35863651 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Part III, Line 4: | The KSU Foundation art collection consists of just over two hundred paintings, sculpture, photographs, works on paper, and decorative arts fromt he seventeenth-century to the present. While comprised primarily of artwork from the United States, the collection also includes works from Europe and Asia. As a supporting organization, providing this art collection furthers the educational purpose of KSU by inspiring students. | |
| Part V, Line 4: | Endowment funds are held for investment and disbursed according to the intended donation purpose of the donor. For example if a donor desired to make funds available for students to pursue art education, their donations are awarded accordingly. | Description of Intended Use of Endowment Funds: |
| Part X: | The organization does not have any uncertain tax positions reported in the audited financial statements under FIN 48. | Description of Uncertain Tax Positions Under FIN 48: |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (5 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| Kennesaw State University | |||||||
| 1000 CHASTAIN ROAD | KENNESAW | GA | 30144 | 580965786 | State University | 1069819 | Academic programs and Dean Support |
| Kennesaw State University | |||||||
| 1000 CHASTAIN ROAD | KENNESAW | GA | 30144 | 580965786 | State University | 161774 | Athletic programs |
| Kennesaw State University | |||||||
| 1000 CHASTAIN ROAD | KENNESAW | GA | 30144 | 580965786 | State University | 308786 | Other university activities. |
| Kennesaw State University | |||||||
| 1000 CHASTAIN ROAD | KENNESAW | GA | 30144 | 580965786 | State University | 827796 | Scholarships and Awards |
| Kennesaw State University | |||||||
| 1000 CHASTAIN ROAD | KENNESAW | GA | 30144 | 580965786 | State University | 697606 | University Events & Programs |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS AND AWARDS | TypeOfGrant |
| Number Of Recipients | 500 | NumberOfRecipients |
| Amount Of Cash Grant | 2109380 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Other Information: | Identifier |
| Return Reference | Part IV: | ReturnReference |
| Explanation | The Foundation requires approval of department heads for all program expenses. Scholarships are administered by the KSU scholarship department and the scholarship steering committee. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| 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 (4 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Wesley K Wicker | |||||||||||||
| 5000 | 156032 | 20000 | 0 | 0 | 0 | 0 | 15487 | 0 | 11360 | 25000 | 182879 | 0 | 0 |
| Mildred G Begitschke | |||||||||||||
| 123558 | 0 | 20000 | 0 | 0 | 0 | 11550 | 0 | 11341 | 0 | 166449 | 0 | 0 | 0 |
| Dr Dan Papp | |||||||||||||
| 30000 | 236368 | 0 | 0 | 0 | 0 | 0 | 25627 | 0 | 11015 | 30000 | 273010 | 0 | 0 |
| William Heflin | |||||||||||||
| 125228 | 0 | 25000 | 0 | 0 | 0 | 12048 | 0 | 328 | 0 | 162604 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | Part I, Line 1a | ReturnReference |
| Explanation | Social club dues and memberships are paid for University and Foundation leadership. Any personal use relating to these memberships is reported in the individual's W-2. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (5 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer |
|---|---|---|---|---|---|---|
| Development Authority of Cobb County | ||||||
| 581522881 | 190782AN2 | 2008-11-12 | 10495000 | To refund bonds issued 11/1/98 that purchased | 0 | 0 |
| Development Authority of Cobb County | ||||||
| 581522881 | 190780AM8 | 2008-11-06 | 21955000 | To construct a dining hall facilities and purchase an educational facility. | 0 | 0 |
| Development Authority of Cobb County | ||||||
| 521522881 | 190778AL4 | 2007-11-15 | 38550000 | To construct a parking facility. | 0 | 0 |
| Development Authority of Cobb County | ||||||
| 521522881 | 190778AL4 | 2007-10-11 | 53320000 | To construct student housing facility. | 0 | 0 |
| Development Authority of Cobb County | ||||||
| 521522881 | 190806CL1 | 2006-03-28 | 12810000 | To purchase educational facility. | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (5 entries)
| Total ProceedsTotalProceeds | Amount DefeasedAmountDefeased | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Amount UnspentAmountUnspent | Capital ExpendituresCapitalExpenditures | Amount In Reserve FundAmountInReserveFund |
|---|---|---|---|---|---|---|---|---|---|---|
| 10444536 | 10235646 | 208890 | 1998 | 1 | 0 | 1 | 1 | |||
| 21671457 | 546346 | 2009 | 0 | 0 | 1 | 1 | 238122 | 20686995 | ||
| 38926256 | 862788 | 1108646 | 2008 | 0 | 0 | 1 | 1 | 162 | 33259406 | 3298625 |
| 55207998 | 2837871 | 2008 | 0 | 0 | 1 | 1 | 29035 | 48222259 | 3506400 | |
| 12947170 | 323772 | 2006 | 0 | 0 | 1 | 1 | 12599443 | 24005 |
Form990 Schedule K Part III Form990ScheduleKPartIII (5 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 | 1 | 1 |
| 0 | 0 | 0 | 0 | 1 | 1 |
| 0 | 0 | 0 | 0 | 1 | 1 |
| 0 | 1 | 0 | 0 | 1 | 1 |
| 0 | 0 | 0 | 0 | 1 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (5 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate | Term Of GICTermOfGIC | Regulatory Safe Harbor SatisfiedRegulatorySafeHarborSatisfied | Business Name Line2NameOfGICProvider/BusinessNameLine2 |
|---|---|---|---|---|---|---|---|---|
| (no name) | ||||||||
| 0 | 0 | 0 | 0 | 0 | 0 | |||
| (no name) | ||||||||
| 0 | 0 | 0 | 0 | 0 | 0 | |||
| Suntrust Bank | ||||||||
| 0 | 0 | 0 | 1 | 0 | 0 | 14.700000000000 | 1 | |
| Citigroup Financial | ||||||||
| 0 | 0 | 0 | 1 | 0 | 0 | 14.800000000000 | 1 | Products Inc |
| (no name) | ||||||||
| 0 | 0 | 0 | 0 | 0 | 0 | |||
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 |
|---|---|---|---|---|---|---|
| Development Authority of Cobb County | ||||||
| 521522881 | 190789AN7 | 2004-11-10 | 104701897 | To refund bonds issued 11/25/03 that purchased and constructed student housi | 0 | 0 |
| Development Authority of Cobb County | ||||||
| 521522881 | 190783AN0 | 2004-11-10 | 38249567 | To construct parking facilities. | 0 | 0 |
| Development Authority of Cobb County | ||||||
| 521522881 | 190783AN0 | 2004-11-10 | 8526648 | To purchase university facilities. | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (3 entries)
| Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Amount DefeasedAmountDefeased | Amount UnspentAmountUnspent | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Capital ExpendituresCapitalExpenditures | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|
| 104701897 | 9725934 | 78428830 | 4494 | 4309168 | 12233471 | 2004 | 1 | 0 | 1 | 1 |
| 38249567 | 24532800 | 146 | 961116 | 12755505 | 2004 | 1 | 0 | 1 | 1 | |
| 8526648 | 4287200 | 246788 | 3992660 | 2004 | 1 | 0 | 1 | 1 |
Form990 Schedule K Part III Form990ScheduleKPartIII (3 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 | 1 | 1 |
| 0 | 0 | 0 | 0 | 1 | 1 |
| 0 | 1 | 0 | 0 | 1 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (3 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 |
| 0 | 0 | 0 | 0 | 0 | 0 |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 5 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 435719 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | Piano | Description |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 9192 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Form 990, Part VI, Section A, line 4 | The organization modified the bylaws to establish the positions of COO and CFO, eliminate the Executive Director position and institute term limits for trustees and officers. |
| Form 990, Part VI, Section B, line 11 | The Organization provides the finance committee with a copy of the form 990 before it is filed. |
| Form 990, Part VI, Section B, line 12c | The organization has a committee whose purpose is to ensure compliance with all policies. |
| Form 990, Part VI, Section B, line 15 | Officer's compensation is determined by Executive session of the Executive Committee of the board of trustees. |
| Form 990, Part VI, Section C, line 19 | The organization makes its governing documents, policies, and financial statements available to any interested party. The bylaws will be posted on the Foundation's web page. Electronic or hard copies of the annual financial audit are available upon request. |
| Form 990 Page 11 Line 2c | The process for auditor selection and review of audited financial statements has not changed from the prior year. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI (15 entries)
| Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Direct Controlling Entity NADirectControllingEntityNA | Total IncomeTotalIncome | EOY AssetsEOYAssets | EINEIN |
|---|---|---|---|---|---|
| Kennesaw State University Real Estate Foundation LLC | |||||
| residential Rental | GA | N/A | |||
| KSU PLace REal Estate Foundation LLC | |||||
| residential Rental | GA | N/A | 3194747 | 14201445 | |
| KSU UP real estate foundation LLC | |||||
| REsidential Rental | GA | N/A | 4959681 | 22158392 | |
| KSU Village I Real Estate Foundation LLC | |||||
| residential Rental | GA | N/A | 6065863 | 54252431 | |
| ksu village II Real Estate Foundation LLC | |||||
| residential Rental | GA | N/A | 6231050 | 52948669 | |
| KSU Chastain Pointe REal Estate Foundation LLC | |||||
| office rental | GA | N/A | 1081363 | 9451140 | |
| KSU TOwne Point REal Estate Foundation LLC | |||||
| office rental | GA | N/A | 2044394 | 15740602 | |
| KSU Center REal Estate Foundation LLC | |||||
| office rental | GA | N/A | 765275 | 10926581 | |
| KSU houses real estate foundation llc | |||||
| office rental | GA | N/A | 313794 | 3881429 | |
| KSU Parking Decks Real Estate FOundation LLC | |||||
| parking rental | GA | N/A | 1916776 | 31642643 | |
| KSU Central Parking Deck Real Estate Foundation LLC | |||||
| parking rental | GA | N/A | 2105964 | 38167455 | |
| KSU Dining Hall REal EState Foundation LLc | |||||
| Commercial Rental | GA | N/A | 1237966 | 21890724 | |
| KSU sports and recreation park real estate foundation llc | |||||
| property development | GA | N/A | 251160 | 49581125 | |
| KSUF Housing management LLC | |||||
| Property management | GA | N/A | 223367 | 62497 | 208090470 |
| Kennesaw Hospitality LLC | |||||
| GA | N/A | 993317 | 5586173 | ||
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Kennesaw State University | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 Chastain Rd | AddressLine1 |
| City | Kennesaw | City |
| State | GA | State |
| ZIP Code | 30144 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 580965786 | EIN |
| Primary Activities | State University | PrimaryActivities |
| Legal Domicile State | GA | LegalDomicileState |
| Exempt Code Section | Govt. Entity | ExemptCodeSection |
| 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 | 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 | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 1 | OtherTransferFromOtherOrg |