2011-05-16T15:35:23-05:00 2010-06-30 Mauldin & Jenkins CPAs LLC 200 Galleria Parkway SE Suite 1700 Atlanta GA 303395946 990 2009-07-01 237034345 Kennesaw State University Foundation Inc KENN 7704236027 1000 Chastain Road No 9101 Kennesaw GA 30144 Richard Corhen 7704236027 2011-05-16 1 Jeff T Fucito 7709558600 X 2009 2016-02-24 21:20:13Z Richard Corhen 1000 Chastain Road No 9101 Kennesaw GA 30144 50513008 0 X www.kennesaw.edu/foundation X 1969 GA 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. 37 37 60 37 993317 -107108 10752497 6431481 25811111 30531733 -1119402 1860969 0 35444206 38824183 3836353 5175161 0 520050 879420 0 253107 28359130 29809070 32715533 35863651 2728673 2960532 348580947 376760015 326795149 350936794 21785798 25823221 To independently support, guide, and protect Kennesaw State University in Kennesaw, Georgia. 0 0 28819598 29538416 Leasing operations - provide student housing for students, parking facilities to University, office facilities to University and others, Dining hall facilities to University. 2193186 2193186 Academic programs and Scholarships 250008 250008 Athletic Programs 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 2731967 2731967 33994759 1 1 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 56 0 1 60 1 1 1 0 0 0 0 1 1 0 0 0 37 37 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X X Mildred Begitschke 7704236675 1000 CHASTAIN ROAD MD 9101 kennesaw GA 30144 Norman J Radow 1.00 X X 0 0 0 Thomas M Holder 1.00 X X 0 0 0 Bob Prillaman 1.00 X X 0 0 0 Connie Engel 1.00 X X 0 0 0 James P Dunn 1.00 X X 0 0 0 George W Kalafut 1.00 X X 0 0 0 Hollister A Hill 1.00 X X 0 0 0 Mr Brent Armstrong 1.00 X 0 0 0 Mr Chester A Austin 1.00 X 0 0 0 Mr Thomas N Bagwell 1.00 X 0 0 0 Dr M Bobbie Bailey 1.00 X 0 0 0 Mr Ron H Bell 1.00 X 0 0 0 Ms Jo Ann Chitty 1.00 X 0 0 0 Mr Thomas E Clendenin 1.00 X 0 0 0 DR MICHAEL J COLES 1.00 X 0 0 0 Dr Stanley H Dysart 1.00 X 0 0 0 Mr Ronald H Francis 1.00 X 0 0 0 Mr Richard L Holmes 1.00 X 0 0 0 Mr James A Hush 1.00 X 0 0 0 Honorable Johnny H Isakson 1.00 X 0 0 0 Mr Don Johnson 1.00 X 0 0 0 Mr Douglas E Jones 1.00 X 0 0 0 Mr Michael J Keough 1.00 X 0 0 0 Mr Mark R Kirk 1.00 X 0 0 0 Ms Ellen Langford 1.00 X 0 0 0 Mr De Little 1.00 X 0 0 0 Mrs Janie S Maddox 1.00 X 0 0 0 Mr Dan L Rakestraw 1.00 X 0 0 0 Mr Lee Rhyant 1.00 X 0 0 0 Mr Michael B Russell 1.00 X 0 0 0 Mr Andre Schnabl 1.00 X 0 0 0 Mr Rick Siegel 1.00 X 0 0 0 Mr Kessel D Stelling Jr 1.00 X 0 0 0 Mr J Larry Stevens 1.00 X 0 0 0 Mr Ralph W Walker III 1.00 X 0 0 0 Mr Robert K Walsh 1.00 X 0 0 0 Mr Lawrence D Wheeler 1.00 X 0 0 0 Wesley K Wicker 40.00 X 25000 156032 26847 Mildred G Begitschke 40.00 X 143558 0 22891 Richard Corhen 40.00 X 59878 0 4819 Dr Dan Papp 40.00 X 30000 236368 36642 William Heflin 40.00 X 150228 0 12376 Karen Paonessa 40.00 X 10000 102721 13007 Donna Passow 40.00 X 113678 0 7162 Carol Rice 40.00 X 100016 0 5678 632358 495121 129422 4 0 1 0 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 3 6431481 444911 6431481 RENTAL INCOME 531190 29439388 29439388 Rental Income 721110 993317 993317 MANAGEMENT FEES 531310 99028 99028 30531733 1493619 1493619 12056175 11688825 367350 367350 367350 38824183 29538416 993317 1860969 3065781 3065781 2109380 2109380 428750 428750 450670 450670 100360 100360 110998 110998 173162 173162 18226 18226 83058 83058 69460 69460 13208933 13105454 103479 6630094 6630094 RENTAL OPERATIONS 9084050 9084050 FUNDRAISING 253107 253107 Miscellaneous 45198 45198 Meals and Entertainment 28178 28178 Equipment Rental And Ma 4246 4246 35863651 33994759 1615785 253107 2505471 5476697 7108223 7882386 4848162 3326003 518350 641905 368989 390808 202703190 26388328 167917538 176314862 22583430 28366191 142730784 154361163 348580947 376760015 3004276 5000147 719329 117821 286587451 280055978 29124281 53789680 7359812 11973168 326795149 350936794 X -11104396 -9993766 10470676 12889476 22419518 22927511 21785798 25823221 348580947 376760015 X 0 1 1 X 0 X X 0 0 0 Kennesaw State University 580965786 State University 1 1 1 2873983 1 2873983 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 20322 0 20322 0 0 0 1 1 1853650 X X X 0 23838050 521993 2792125 896283 26255885 27705120 821988 -3597968 1091090 23838050 0.10000 0.02000 0.88000 0 0 27686890 27686890 163582938 25040222 138542716 30200 30200 0 11403162 1317906 10085256 176314862 Fixed Income 7364642 F Equity Funds 19345829 F Cash Management Funds 1655720 F 28366191 Net Investments in Direct Financing Leases 109822287 ASSETS LIMITED AS TO USE 33995462 Unamortized Debt Issuance Costs 8676736 OTHER ASSETS 1866678 154361163 Accrued Interest 6671152 ACCRUED EXPENSES 208916 ANNUITY OBLIGATION 163848 Construction Payable 4929252 11973168 38824183 35863651 2960532 1691038 -614147 1076891 4037423 41039221 1691038 524000 2215038 38824183 0 38824183 36387651 524000 524000 35863651 0 35863651 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: Description of Intended Use of Endowment Funds: 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. Part X: Description of Uncertain Tax Positions Under FIN 48: The organization does not have any uncertain tax positions reported in the audited financial statements under FIN 48. 1 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 1 SCHOLARSHIPS AND AWARDS 500 2109380 Other Information: Part IV: The Foundation requires approval of department heads for all program expenses. Scholarships are administered by the KSU scholarship department and the scholarship steering committee. X 1 1 X 0 0 0 0 0 0 0 0 0 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 Part I, Line 1a 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. 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 10444536 10235646 208890 1998 1 0 1 1 21671457 238122 546346 20686995 2009 0 0 1 1 38926256 3298625 862788 162 1108646 33259406 2008 0 0 1 1 55207998 3506400 29035 2837871 48222259 2008 0 0 1 1 12947170 24005 323772 12599443 2006 0 0 1 1 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 Suntrust Bank 14.700000000000 1 0 0 0 0 0 1 Citigroup Financial Products Inc 14.800000000000 1 0 0 0 0 0 0 0 0 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 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 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 435719 FMV X Piano 1 9192 FMV 0 1 0 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. 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