Civic Intelligence

Albany State University Foundation Inc.

990 • Fiscal year 2017 • EIN 23-7032763

Jul 01, 2016 to Jun 30, 2017 • Filed on May 14, 2018

Organization ProfileN/A
504 College DriveAlbany, GA 31705

(229) 430-4660

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

87th percentile

0.87x

Higher debt load relative to assets than 87% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

97th percentile

12.44x

Higher debt load relative to revenue than 97% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Net Margin

26th percentile

-2.0%

Higher net margin than 26% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

51st percentile

$349,955

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Asset Growth

23rd percentile

-0.5%

Faster asset growth than 23% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

70th percentile

13%

Faster revenue growth than 70% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$82,773,280

Down $414,680 (-0.5%) from 2016

Net Assets

Up

$11,062,612

Up $3,710,625 (+50%) from 2016

Liabilities

Down

$71,710,668

Down $4,125,305 (-5.4%) from 2016

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin26th percentile

Revenue

Up

$5,764,163

Up $681,140 (+13%) from 2016

Expenses

Up

$5,876,891

Up $787,142 (+15%) from 2016

Net Income

Down

-$112,728

Down $106,002 (-1576%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2013: $84,696,317Liabilities 2013: $80,467,461Net Assets 2013: $4,228,8562013Assets 2014: $83,642,157Liabilities 2014: $79,005,269Net Assets 2014: $4,636,8882014Assets 2016: $83,187,960Liabilities 2016: $75,835,973Net Assets 2016: $7,351,9872016Assets 2017: $82,773,280Liabilities 2017: $71,710,668Net Assets 2017: $11,062,6122017Assets 2018: $80,276,725Liabilities 2018: $69,710,024Net Assets 2018: $10,566,7012018Assets 2019: $47,282,655Liabilities 2019: $39,040,808Net Assets 2019: $8,241,8472019Assets 2020: $46,424,761Liabilities 2020: $37,963,319Net Assets 2020: $8,461,4422020Assets 2021: $7,770,602Liabilities 2021: $986Net Assets 2021: $7,769,6162021Assets 2022: $8,434,724Liabilities 2022: $275,183Net Assets 2022: $8,159,5412022Assets 2023: $8,733,142Liabilities 2023: $14,700Net Assets 2023: $8,718,4422023Assets 2024: $10,178,685Liabilities 2024: $15,033Net Assets 2024: $10,163,6522024

Highlighted filing

2017

Assets$82,773,280
Liabilities$71,710,668
Net Assets$11,062,612
Open 2017 Filing

Operations Trend

Revenue Growth70th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2013: $5,579,9402013Revenue 2014: $5,379,715Expenses 2014: $4,971,683Net Income 2014: $408,0322014Revenue 2016: $5,083,023Expenses 2016: $5,089,749Net Income 2016: -$6,7262016Revenue 2017: $5,764,163Expenses 2017: $5,876,891Net Income 2017: -$112,7282017Revenue 2018: $4,847,460Expenses 2018: $5,449,026Net Income 2018: -$601,5662018Revenue 2019: $5,438,135Expenses 2019: $6,496,194Net Income 2019: -$1,058,0592019Revenue 2020: $3,219,695Expenses 2020: $2,960,390Net Income 2020: $259,3052020Revenue 2021: $1,543,862Expenses 2021: $2,231,107Net Income 2021: -$687,2452021Revenue 2022: $1,919,573Expenses 2022: $746,519Net Income 2022: $1,173,0542022Revenue 2023: $1,600,152Expenses 2023: $1,304,892Net Income 2023: $295,2602023Revenue 2024: $1,997,259Expenses 2024: $907,416Net Income 2024: $1,089,8432024

Highlighted filing

2017

Revenue$5,764,163
Expenses$5,876,891
Net Income-$112,728
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 14, 2018
Return Version
2016v3.0
Gross Receipts
$5,896,320
Mission and Program Overview

Mission

The Albany State University Foundation, Inc. enhances the academic vision and priorities of ASU through its organized fundraising activities and funds management. The Foundation, a non-profit corporation, is governed by an elected Board of Trustees, whose members serve as advocates for the University and its colleges, schools and programs.Private support funds scholarships, eminent scholar chairs, professorships and the innovative programs that distinguish ASU as an exceptional institution. We know it is our generous donors who will sustain our tradition of academic excellence.

Financial Aid to Students

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$423,994$14,394,096▲ $13,970,102
Cash and Non-Interest-Bearing Accounts$16,294,579$1,874,381▼ $14,420,198
Investments in Publicly Traded Securities$1,813,699$1,760,685▼ $53,014
Investments Program Related-$470,000-
Land, Buildings, and Equipment, Net$444,012$263,875▼ $180,137
Total Assets$83,187,960$82,773,280▼ $414,680
Other Assets Total$64,211,676$64,010,243▼ $201,433
Liabilities
Tax Exempt Bond Liabilities$73,070,000$69,835,581▼ $3,234,419
Accounts Payable and Accrued Expenses$1,918,110$1,775,456▼ $142,654
Other Liabilities$847,863--
Mortgage Notes Payable Secured by Investment Property-$99,631-
Total Liabilities$75,835,973$71,710,668▼ $4,125,305
Net Assets / Fund Balance
Unrestricted Net Assets$98,945$8,702,342▲ $8,603,397
Temporarily Rstr Net Assets$5,169,343$1,250,040▼ $3,919,303
Permanently Rstr Net Assets$2,083,699$1,110,230▼ $973,469
Total Net Assets Fund Balance$7,351,987$11,062,612▲ $3,710,625
Total Liabilities and Net Assets / Fund Balance$83,187,960$82,773,280▼ $414,680

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$213,566$38,512$252,078
Land$47,922-$47,922
Equipment$2,387$6,563$8,950
Other Assets Org$64,010,243--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,800,312$79,679▲ $138,828-$2,018,819
2015$2,121,544$12,731▼ $41,961$13,924$2,044,938
2014$2,008,061$24,099▲ $134,908$6,870$2,121,544
2013$1,776,515$73,560▲ $203,475$18,090$2,008,061
2012$1,191,881$503,921▲ $110,969$8,718$1,776,515
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeOtherTotal
Cynthia GeorgeVice President of Institutional AdvancementPT$116,134$116,134

Board Members and Trustees

NameTitle
Dr Arthur DunningASU President, Ex-Officio
Gregory T HylickPresident
William JohnsonPresident, National Alumni Assoc
Graham EdwardsVice President
Dr Daniel SimmonsBoard Member
Gregory DanielsBoard Member
James GriffinBoard Member
Rachelle K ScottBoard Member
Bruce MeltonSecretary
Dr Sonya Taylor-AcreeTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Preferred Heating & CoolingAir condition service5383 Cannon Road, Ashburn, GA 31714$116,587
Revenue and Support

Revenue Composition

Contributions and Grants
$1,234,422
Program Service Revenue
$4,199,918
Investment Income
$329,823
Other Revenue
$0
All Other Contributions
$1,234,422
Change in Net Assets
$-112,728

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Other1$298,000Fair Market Value (FMV)
Total Noncash Contributions1$298,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,764,163
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$274,931
Total Revenue per Audited Statements
$6,039,094
Total Revenue per Form 990
$5,764,163
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,140,893
Grants and Similar Amounts Paid$651,907
Total Fundraising Expense$156,495
Professional Fundraising Fees$84,091
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$3,410,661$4,383-$3,415,044
Grants to Domestic Orgs$651,907--$651,907
All Other Expenses$9,095$76,613$35,583$121,291
Fees for Services Professional Fundraising--$84,091$84,091
Fees for Services Other$4,000$68,637$9,381$82,018
Insurance$44,193$27,339-$71,532
Advertising-$44,994$2,333$47,327
Fees for Services Accounting-$20,000-$20,000
Conferences and Meetings-$1,053$14,100$15,153
Office Expenses-$1,862$11,007$12,869
Depreciation Depletion-$10,193-$10,193
Fees for Services Legal$10,000--$10,000
Other Expenses$404$4,332-$4,736
Occupancy-$4,557-$4,557
Total Functional Expenses$5,409,365$311,031$156,495$5,876,891

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,076,679
Expenses per Audited Statements$5,876,891
Total Expenses per Form 990$5,876,891
Expenses Not Reported on Form 990$199,788
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
albany State UniversityAlbany, GA501(c)(3)Other University Support$320,291
Albany State UniversityAlbany, GA501(c)(3)Student Scholarship Funding$166,598
Albany State UniversityAlbany, GA501(c)(3)Campus Facility Support$134,968
Albany State UniversityAlbany, GA501(c)(3)Student Affairs$20,000
Albany State UniversityAlbany, GA501(c)(3)Other Academic Support$10,050
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$84,091
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
B2010 Campus Housing & Student Center2010-07-01$45,520,000Student Housing & Student Center
A2005 Campus Housing2005-07-01$34,320,000Student Housing

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$41,955,000-$3,565,000$1,373,325
A$34,795,503-$3,205,000$240,240

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“Board Members will review return before filing.”

Form 990, Part VI, Section B, line 12C

“Annually, the Foundation Board will complete and sign the Conflict of Interest Declaration and disclose any actual or potential conflict of interest.”

Form 990, Part VI, Section C, line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Albany State University Foundation Inc
EIN
23-7032763
Phone
2294304660
Address
504 College Drive, Albany, GA 31705

Signing Officer

Name
A L Fleming
Title
Executive Director
Phone
2293176721
Signed
2018-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
A L Fleming
Formed
1969
Legal Domicile
Ga
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
20

Preparer

Firm
Mauldin & Jenkins LLC
Address
200 Galleria Pkwy SE Ste 1700, Atlanta, GA 30339-5946
Preparer
Jeff T Fucito
Phone
7709558600
Supplemental Narrative

Additional Explanations

Form 990 Part XII Line 2C

“The committee reviews proposals for audit services and selects a qualified firm.”

Form 990 Part XI Line 8

“The consolidated financial statements were adjusted for the year ended June 30, 2016 to reflect the bond issuance costs being amortized using the effective interest method. The consolidated financial statements were adjusted for the year ended June 30, 2016 to reflect the bond original issued premiums (discounts) being amortized using the effective interest method.”

Form 990 Part IV Line 11F

“No uncertain tax positions exist under FIN 48.”

Financial Statement Notes

Part V, Line 4:

“Provide a predictable stream of funding to programs supported by its endowment while seeking to maintain the historic dollar value of the endowment assets.”

Raw XML AppendixShowing 400 of 748 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8President, National Alumni Assoc
IRS990/Form990PartVIISectionAGrp/TitleTxt9ASU President, Ex-Officio
IRS990/Form990PartVIISectionAGrp/TitleTxt10Vice President of Institutional Advancement
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IRS990/GrossReceiptsAmt05896320
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt027339
IRS990/InsuranceGrp/ProgramServicesAmt044193
IRS990/InsuranceGrp/TotalAmt071532
IRS990/InterestGrp/ManagementAndGeneralAmt04383
IRS990/InterestGrp/ProgramServicesAmt03410661
IRS990/InterestGrp/TotalAmt03415044
IRS990/InvestmentIncomeGrp/ExclusionAmt0327706
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0327706
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0470000
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01813699
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01760685
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt025
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt045075
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0444012
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0263875
IRS990/LandBldgEquipCostOrOtherBssAmt0308950
IRS990/LegalDomicileStateCd0GA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0132157
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The Albany State University Foundation, Inc. enhances the academic vision and priorities of ASU through its organized fundraising activities and funds management. The Foundation, a non-profit corporation, is governed by an elected Board of Trustees, whose members serve as advocates for the University and its colleges, schools and programs.Private support funds scholarships, eminent scholar chairs, professorships and the innovative programs that distinguish ASU as an exceptional institution. We know it is our generous donors who will sustain our tradition of academic excellence.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt099631
IRS990/NetAssetsOrFundBalancesBOYAmt07351987
IRS990/NetAssetsOrFundBalancesEOYAmt011062612
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt02117
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02117
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt075143
IRS990/NoncashContributionsAmt0298000
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt04557
IRS990/OccupancyGrp/TotalAmt04557
IRS990/OfficeExpensesGrp/FundraisingAmt011007
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01862
IRS990/OfficeExpensesGrp/TotalAmt012869
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt064211676
IRS990/OtherAssetsTotalGrp/EOYAmt064010243
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Repairs and Maintenance
IRS990/OtherExpensesGrp/Desc1Books, subscriptions, r
IRS990/OtherExpensesGrp/Desc2Membership dues
IRS990/OtherExpensesGrp/Desc3Bank Service Charges
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt030348
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt116720
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt24332
IRS990/OtherExpensesGrp/ProgramServicesAmt01279105
IRS990/OtherExpensesGrp/ProgramServicesAmt1404
IRS990/OtherExpensesGrp/TotalAmt01279105
IRS990/OtherExpensesGrp/TotalAmt130348
IRS990/OtherExpensesGrp/TotalAmt216720
IRS990/OtherExpensesGrp/TotalAmt34736
IRS990/OtherLiabilitiesGrp/BOYAmt0847863
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt02083699
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01110230
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0A L Fleming
IRS990/PriorPeriodAdjustmentsAmt03748210
IRS990/ProfessionalFundraisingInd01
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/Desc0Interest income on dir
IRS990/ProgramServiceRevenueGrp/Desc1Rental Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03798913
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1401005
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03798913
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1401005
IRS990/ProgSrvcAccomActy2Grp/Desc0Received and managed funds which were used for financial assistance to qualified students of Albany State University.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0651907
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0651907
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01008676
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0230203
IRS990/PYInvestmentIncomeAmt04074347
IRS990/PYOtherExpensesAmt04859546
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-6726
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt05089749
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05083023
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-112728
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04199918
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0423994
IRS990/SavingsAndTempCashInvstGrp/EOYAmt014394096
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3FuncIntGrp/GovernmentalEntityInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The Albany State University Foundation, Inc. supports Albany State University ("ASU"). ASU is a university in the the state of Georgia university system and hence is a unit of govenment.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1Albany State University Foundation's Mission is to be an advocate for Albany State University (the "University") and to receive, invest, account for, and allocate private gifts and contributions in support of the University. The Foundation provides student housing, parking, and leases administrative, dining, classroom, and athletic space to the University. All these activities are essential to the operations of Albany State University. If the Foundation did not conduct these activities, another organization, or the University itself, would have to manage such activities and properties.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2All activities engaged in by the Foundation are for the benefit of the supported organization, Kennesaw State University. The scholarships helped students to attend, the academic programs enrich the programs offered by the faculty; the leasing operations provide the University's students with housing, parking, office, dining and sports and recreation facilities, etc.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt3The Foundation's supported organization (Albany State University) has a significant voice in the investment policies and the use of income and assets of the Foundation throughout the year. This is evidenced by the following facts: Albany State University employees are involved with the Foundation's daily operations; the deference the Foundation's board has to Albany State University's President and his cabinet regarding all matters; the presence of the President's and/or his emissaries at committee and board meetings where decisions are made; the fact that the President is a ex-officio trustee of the board and Vice President of Institutional Advancement is actively involved in both the Foundation and the University.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section E, Line 1c:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part IV, Section E, Line 2B:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2Part IV, Section E, Line 2A:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc3Part IV, Section D, Line 3:
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0580001996
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0651907
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Albany State University
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt0651907
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.10000
IRS990ScheduleD/BuildingsGrp/BookValueAmt0213566
IRS990ScheduleD/BuildingsGrp/DepreciationAmt038512
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0252078
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01800312
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt079679
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02018819
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0138828
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt031522
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02121544
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt012731
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02044938
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt01900
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-41961
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt013924
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt027654
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02008061
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt024099
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02121544
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt011000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0134908
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt06870
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt022399
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01776515
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt073560
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02008061
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt05000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0203475
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt018090
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt012178
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01191881
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0503921
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01776515

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$82,773,280
Liabilities
$71,710,668
Net assets
$11,062,612
Revenue
$5,764,163
Expenses
$5,876,891
Net income
-$112,728
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.2$0.02$10.2$2.00$0.91$1.09
2023Detailed filing. Detailed filing data is available for this year.$8.73$0.01$8.72$1.60$1.30$0.30
2022Detailed filing. Detailed filing data is available for this year.$8.43$0.28$8.16$1.92$0.75$1.17
2021Detailed filing. Detailed filing data is available for this year.$7.77$0.00$7.77$1.54$2.23$0.69
2020Detailed filing. Detailed filing data is available for this year.$46.4$38.0$8.46$3.22$2.96$0.26
2019Detailed filing. Detailed filing data is available for this year.$47.3$39.0$8.24$5.44$6.50$1.06
2018Detailed filing. Detailed filing data is available for this year.$80.3$69.7$10.6$4.85$5.45$0.60
2017Detailed filing. Detailed filing data is available for this year.$82.8$71.7$11.1$5.76$5.88$0.11
2016Detailed filing. Detailed filing data is available for this year.$83.2$75.8$7.35$5.08$5.09$0.01
2014Detailed filing. Detailed filing data is available for this year.$83.6$79.0$4.64$5.38$4.97$0.41
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$84.7$80.5$4.23$5.58