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VALDOSTA STATE UNIVERSITY FOUNDATION INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
VALDOSTA STATE UNIVERSITY FOUNDATION INC (EIN 58-1582136)
Tax period
2024-07-01 to 2025-06-30
Filed
2025-11-13
IRS object ID
202523179349307352
Schema version
2024v5.2
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 ReturnHeader

FieldValueIRS element (for citing)
Return2025-11-13T13:30:54-06:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN581224069PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Fowler Holley Rambo & Stalvey PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13208 Wildwood Plantation DriveAddressLine1Txt
CityValdostaCityNm
State AbbreviationGAStateAbbreviationCd
ZIP31605ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN581582136EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Valdosta State University Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlVALDBusinessNameControlTxt
Phone2293335939PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11500 N Patterson StreetAddressLine1Txt
CityValdostaCityNm
State AbbreviationGAStateAbbreviationCd
ZIP31698ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRick MunroePersonNm
Person TitleCEOPersonTitleTxt
Phone2293335939PhoneNum
Signature2025-11-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonC Wayne Rambo CPAPreparerPersonNm
PTINP01298902PTIN
Phone2292441559PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerRick MunroePrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11500 N Patterson StAddressLine1Txt
CityValdostaCityNm
State AbbreviationGAStateAbbreviationCd
ZIP31698ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$41,848,586GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.valdosta.edu/adv/fndWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1963FormationYr
Legal Domicile StateGALegalDomicileStateCd
Activity Or MissionThe Foundation exists to support development of educational excellence at Valdosta State University.ActivityOrMissionDesc
Voting Members Governing Body21VotingMembersGoverningBodyCnt
Voting Members Independent20VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,679,020PYContributionsGrantsAmt
CY Contributions Grants$6,603,901CYContributionsGrantsAmt
PY Program Service Revenue$397,370PYProgramServiceRevenueAmt
CY Program Service Revenue$915,716CYProgramServiceRevenueAmt
PY Investment Income$2,924,493PYInvestmentIncomeAmt
CY Investment Income$5,062,684CYInvestmentIncomeAmt
PY Other Revenue-$12,782PYOtherRevenueAmt
CY Other Revenue-$42,450CYOtherRevenueAmt
PY Total Revenue$5,988,101PYTotalRevenueAmt
CY Total Revenue$12,539,851CYTotalRevenueAmt
PY Grants And Similar Paid$484,486PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,359,688CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$13,109CYTotalFundraisingExpenseAmt
PY Other Expenses$5,129,007PYOtherExpensesAmt
CY Other Expenses$4,895,367CYOtherExpensesAmt
PY Total Expenses$5,613,493PYTotalExpensesAmt
CY Total Expenses$6,255,055CYTotalExpensesAmt
PY Revenues Less Expenses$374,608PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$6,284,796CYRevenuesLessExpensesAmt
Total Assets BOY$70,184,700TotalAssetsBOYAmt
Total Assets EOY$78,061,411TotalAssetsEOYAmt
Total Liabilities BOY$1,332,200TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,093,201TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$68,852,500NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$76,968,210NetAssetsOrFundBalancesEOYAmt
MissionThe Foundation exists to support development of educational excellence at Valdosta State University.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$4,323,656ExpenseAmt
Revenue$915,716RevenueAmt
DescThe Foundation's primary efforts are directed toward attracting, receiving, investing, managing, and expending gifts and other resources designated for the academic, artistic, athletic, teaching, research, and public service programs of the University.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$1,359,688ExpenseAmt
Grant$1,359,688GrantAmt
DescScholarships to students of Valdosta State University.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$5,683,344TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members21GoverningBodyVotingMembersCnt
Independent Voting Member20IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonRick MunroePersonNm
Phone2293335939PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11500 N Patterson StreetAddressLine1Txt
CityValdostaCityNm
State AbbreviationGAStateAbbreviationCd
ZIP31698ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
JERRY J JENNETT
TRUSTEE4.00Yes (X)$0$0$0
RICHARD CARVAJAL
TRUSTEE4.00Yes (X)$0$304,255$0
BILL COWART
TRUSTEE4.00Yes (X)$0$0$0
BUBBA HIGHSMITH
TRUSTEE4.00Yes (X)$0$0$0
TIM HARRIS
TRUSTEE4.00Yes (X)$0$0$0
TAMMY BORDERS
TRUSTEE4.00Yes (X)$0$0$0
ASHLEY BELL
TRUSTEE4.00Yes (X)$0$0$0
LYNN MORLEY
TRUSTEE4.00Yes (X)$0$0$0
JOE BROWNLEE
TRUSTEE4.00Yes (X)$0$0$0
ELIZABETH CLARK-MORRISON
TRUSTEE4.00Yes (X)$0$0$0
MARK REGISTER
TRUSTEE4.00Yes (X)$0$0$0
CORRINA ROBINSON
TRUSTEE4.00Yes (X)$0$0$0
ROBERT L SHANNON JR
TRUSTEE4.00Yes (X)$0$0$0
SONYA MERRIMAN
TRUSTEE4.00Yes (X)$0$0$0
BOB HAGAN
TRUSTEE4.00Yes (X)$0$0$0
CHUNLEI LIU
TRUSTEE4.00Yes (X)$0$0$0
TREY SHERWOOD
TRUSTEE4.00Yes (X)$0$0$0
MIKKI HUDSON WILLS
TRUSTEE4.00Yes (X)$0$0$0
AIMEE NICOLOSI
ACCOUNTING DIRECTOR40.00$0$0$0Yes (X)
A PARRISH CLARK JR
PAST-CHAIR8.00$0$0$0Yes (X)
DAVID A HIERS
CHAIR4.00$0$0$0Yes (X)
WADE COLEMAN
SECRETARY4.00$0$0$0Yes (X)
GREG MILLER
TREASURER4.00$0$0$0Yes (X)
RICK MUNROE
CEO40.00$0$206,702$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$510,957TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Hellas
146 Industrial Park DriveDadevilleAL36853Turf, track & tennis installation and de$394,368
Ramp
28 West 23rd Street Floor 2New YorkNY10010Finance automation platform$294,422
Blackbaud
PO Box 830413PhiladelphiaPA191820413Financial management software services$136,154
Aramark Dining Services
PO Box 978839DallasTX753978839Food services and facilities management$121,585
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt
All Other Contributions$6,603,901AllOtherContributionsAmt
Total Contributions$6,603,901TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
FEES900099$694,121$694,121
OTHER REVENUE900099$221,595$221,595
FieldValueIRS element (for citing)
Total Program Service Revenue$915,716TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,780,965TotalRevenueColumnAmt
Exclusion$1,780,965ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,994TotalRevenueColumnAmt
Exclusion$4,994ExclusionAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$47,444RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real-$47,444RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$47,444TotalRevenueColumnAmt
Exclusion-$47,444ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$32,543,010SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$29,261,291SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$3,281,719SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,281,719TotalRevenueColumnAmt
Exclusion$3,281,719ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$12,539,851TotalRevenueColumnAmt
Related Or Exempt Func Income$915,716RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$5,020,234ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$1,359,688TotalAmt
Program Services$1,359,688ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$2,982TotalAmt
Management And General$2,982ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$67,585TotalAmt
Management And General$67,585ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$355,448TotalAmt
Program Services$355,448ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$604,239TotalAmt
Program Services$523,222ProgramServicesAmt
Management And General$81,017ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$8,538TotalAmt
Program Services$8,538ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$204,048TotalAmt
Program Services$204,048ProgramServicesAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$251,506TotalAmt
Management And General$251,506ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$503,321TotalAmt
Program Services$503,321ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$114,700TotalAmt
Program Services$114,700ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$221,748TotalAmt
Program Services$221,748ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$21,791TotalAmt
Management And General$21,791ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$3,028TotalAmt
Management And General$3,028ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$130,693TotalAmt
Management And General$130,693ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtFundraisingFundraisingAmt
Payments to or on behal$1,213,745$1,213,745
Meals and entertainment$563,866$563,866
Supplies$374,540$361,431$13,109
Miscellaneous Other Exp$97,904$97,904

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$155,685TotalAmt
Program Services$155,685ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$6,255,055TotalAmt
Program Services$5,683,344ProgramServicesAmt
Management And General$558,602ManagementAndGeneralAmt
Fundraising$13,109FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$366,079BOYAmt
EOY$218,086EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,591,622BOYAmt
EOY$1,283,199EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$195,805BOYAmt
EOY$190,037EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$69,902BOYAmt
EOY$62,168EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$2,331,235LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$615,642LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,718,620BOYAmt
EOY$1,715,593EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$65,242,672BOYAmt
EOY$74,592,328EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$70,184,700BOYAmt
EOY$78,061,411EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$546,107BOYAmt
EOY$568,051EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$617,390BOYAmt
EOY$525,150EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$168,703BOYAmt
EOY$0EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,332,200BOYAmt
EOY$1,093,201EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,017,570BOYAmt
EOY$5,733,479EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$67,834,930BOYAmt
EOY$71,234,731EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$68,852,500BOYAmt
EOY$76,968,210EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$70,184,700BOYAmt
EOY$78,061,411EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$6,284,796ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$1,830,914NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
College OrganizationYes (X)CollegeOrganizationInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,440,244CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,051,722CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,532,096CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,203,336CurrentTaxYearMinus1YearAmt
Current Tax Year$6,603,901CurrentTaxYearAmt
Total$20,831,299TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,440,244CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,051,722CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,532,096CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,203,336CurrentTaxYearMinus1YearAmt
Current Tax Year$6,603,901CurrentTaxYearAmt
Total$20,831,299TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$5,666,820SubstantialContributorsTotAmt
Public Support Total170$15,164,479PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,583,712CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,542,700CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,575,934CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,132,316CurrentTaxYearMinus1YearAmt
Current Tax Year$1,780,965CurrentTaxYearAmt
Total$8,615,627TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$502,418CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$495,690CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$207,000CurrentTaxYearMinus2YearsAmt
Total$1,205,108TotalAmt
FieldValueIRS element (for citing)
Total Support$30,652,034TotalSupportAmt
Gross Receipts Rltd Activities$2,865,031GrossReceiptsRltdActivitiesAmt
Public Support CY1700.49470PublicSupportCY170Pct
Public Support PY1700.50360PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePart VIFormAndLineReferenceDesc
ExplanationThe Organization changed its accounting period from December 31 to June 30 for the fiscal year ended June 30, 2024. The Organization filed Form 990 for the calendar year ended December 31, 2023, and filed Form 990 for the six months ended June 30, 2024. The current return is for the full fiscal year beginning July 1, 2024 and ended June 30, 2025.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtcInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$67,834,930BeginningYearBalanceAmt
Contributions$6,223,001ContributionsAmt
Investment Earnings Or Losses$7,298,840InvestmentEarningsOrLossesAmt
Other Expenditures$10,122,040OtherExpendituresAmt
End Year Balance$71,234,731EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$65,379,917BeginningYearBalanceAmt
Contributions$2,679,020ContributionsAmt
Investment Earnings Or Losses$3,818,579InvestmentEarningsOrLossesAmt
Other Expenditures$4,042,586OtherExpendituresAmt
End Year Balance$67,834,930EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$63,097,114BeginningYearBalanceAmt
Contributions$3,203,336ContributionsAmt
Investment Earnings Or Losses$7,916,276InvestmentEarningsOrLossesAmt
Other Expenditures$8,836,809OtherExpendituresAmt
End Year Balance$65,379,917EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$72,570,010BeginningYearBalanceAmt
Contributions$3,298,859ContributionsAmt
Investment Earnings Or Losses-$8,873,378InvestmentEarningsOrLossesAmt
Other Expenditures$3,898,377OtherExpendituresAmt
End Year Balance$63,097,114EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$62,523,959BeginningYearBalanceAmt
Contributions$4,572,684ContributionsAmt
Investment Earnings Or Losses$9,150,316InvestmentEarningsOrLossesAmt
Other Expenditures$3,676,949OtherExpendituresAmt
End Year Balance$72,570,010EndYearBalanceAmt
FieldValueIRS element (for citing)
Endowments Held Unrelated OrgYes (1)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,516,513OtherCostOrOtherBasisAmt
Book Value$1,516,513BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$814,722OtherCostOrOtherBasisAmt
Depreciation$615,642DepreciationAmt
Book Value$199,080BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,715,593TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$14,090,592TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$1,830,914NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$37,137DonatedServicesAndUseFcltsAmt
Other Revenue$47,444OtherRevenueAmt
Revenue Not Reported$1,915,495RevenueNotReportedAmt
Revenue Subtotal$12,175,097RevenueSubtotalAmt
Investment Expenses Not Incld$346,754InvestmentExpensesNotIncldAmt
Other Revenues Not Included$18,000OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$364,754RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$12,539,851TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$5,974,882TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$37,137DonatedServicesUseFcltsAmt
Other Expenses Included$47,444OtherExpensesIncludedAmt
Expenses Not Reported$84,581ExpensesNotReportedAmt
Expenses Subtotal$5,890,301ExpensesSubtotalAmt
Investment Expenses Not Incld2$346,754InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$18,000OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$364,754ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$6,255,055TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part X, Line 2:The Organization evaluates any income tax benefits generated from uncertain tax positions using a more-likely-than-not of being sustained upon examination analysis. If a tax benefit is not more-likely-than-not of being sustained upon examination, the Organization records a liability for the recognized income tax benefit. The Organization recognizes accrued interest associated with uncertain tax positions as part of interest expense and penalties associated with uncertain tax positions as part of other expenses. For the year ended June 30, 2025, management believes there are no material amounts of uncertain tax positions. Additionally, there were no amounts of interest or penalties recognized in the statements of financial position as of June 30, 2025 or the statements of activities for the year then ended. Further, all years subsequent to 2021 remain subject to examination by the IRS.
Part XI, Line 2d - Other Adjustments:Rental expenses
Part XI, Line 4b - Other Adjustments:Gain on disposal of property
Part XII, Line 2d - Other Adjustments:Rental expenses
Part XII, Line 4b - Other Adjustments:Gain on disposal of property
Part V, Line 4:The accumulation of funds allows the Foundation to follow it's mission to designate resources for the academic, artistic, athletic, teaching, research and public service programs of the University.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeScholarshipsGrantTypeTxt
Recipient786RecipientCnt
Cash Grant$1,359,688CashGrantAmt
Valuation Method UsedN/AValuationMethodUsedDesc
Non Cash AssistanceN/ANonCashAssistanceDesc

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
RICHARD CARVAJAL
TRUSTEE$0$304,255$0$0$0$0$0$0$0$0$0$304,255$0$0
RICK MUNROE
CEO$0$206,702$0$0$0$0$0$0$0$0$0$206,702$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section B, line 11bAn officer reviews and signs Form 990; a copy of Form 990 is emailed to all trustees for review prior to filing.
Form 990, Part VI, Section B, line 12cThe organization regularly and consistently monitors and enforces compliance with its conflict-of-interest policy by annually reviewing and updating its policy as necessary, by requiring all new trustees, officers, directors and key employees to complete a written conflict-of-interest declaration, and by requiring all existing trustees, officers, directors and key employees to complete annual written conflict-of-interest declarations.
Form 990, Part VI, Section C, line 19Governing documents are made available for public inspection upon request.
Form 990, Part XII, Line 2C:No change in the audit oversight process or the independent auditor selection process during the current year.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1VALDOSTA STATE UNIVERSITYBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11500 N PATTERSON STAddressLine1Txt
CityVALDOSTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP31698ZIPCd
FieldValueIRS element (for citing)
EIN586002072EIN
Primary ActivitiesEDUCATIONPrimaryActivitiesTxt
Legal Domicile StateGALegalDomicileStateCd
Exempt Code Section170b1AExemptCodeSectionTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (1)TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1VALDOSTA STATE UNIVERSITYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeRTransactionTypeTxt
Involved$1,213,745InvolvedAmt
Method Of Amount DeterminationCOSTMethodOfAmountDeterminationTxt