2016-04-29T11:06:25-05:00 2015-06-30 580692043 Mauldin & Jenkins LLC 200 Galleria Pkwy SE Ste 1700 Atlanta GA 303395946 990 2014-07-01 581485954 Georgia Southern University Athletic Foundation Inc GEOR 9124785520 PO Box 8020-1 Statesboro GA 30460 Robert Whitaker Treasurer 9124898756 2016-04-27 1 Mary Jo Alexander P00002534 7709558600 2016-04-27 2014 2016-08-17 19:52:53Z X Kevin Bostian PO Box 8115 Statesboro GA 30460 5751374 0 X N/A X 1981 GA The mission of the Georgia Southern University Athletic Foundation, Inc. is to provide financial support for athletic scholarships, facilities and staff enhancement for the Athletic Department of Georgia Southern University. Additionally, the Foundation provides communication and services for all Friends of Eagles athletics. All of the activities of the Foundation are conducted with the highest regard for academic and athletic excellence and within the guidelines established by the University System of Georgia Board of Regents, conference affiliations, and the National Collegiate Athletic Association. 23 23 0 55 0 0 4361189 4230030 189570 1288956 38887 9333 396170 77761 4985816 5606080 755000 1661701 0 0 665651 0 0 0 181110 1133848 1980512 2554499 3642213 2431317 1963867 37299822 36913343 27393671 24965633 9906151 11947710 X The mission of the Georgia Southern University Athletic Foundation, Inc. is to provide financial support for athletic scholarships, facilities and staff enhancement for the Athletic Department of Georgia Southern University. Additionally, the Foundation provides communication and services for all Friends of Eagles athletics. All of the activities of the Foundation are conducted with the highest regard for academic and athletic excellence and within the guidelines established by the University System of Georgia Board of Regents, conference affiliations, and the National Collegiate Athletic Association. 0 0 3021674 1661701 1288956 Promoting and supporting the athletic program of Georgia Southern University 3021674 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 28 3 1 0 0 0 0 0 0 1 1 0 0 0 0 X 23 23 0 0 1 0 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 GA X Tina Adams 9124787068 PO Box 8020-1 Statesboro GA 30460 Ted Smith Chairman 0.50 X X 0 0 0 Darron Burnette Secretary 0.50 X X 0 0 0 Gary Davis Board Member 0.50 X 0 0 0 Dr Chris Geyerman Ex-Officio Board Member 0.50 X 0 0 0 Paul Gillespie Board Member 0.50 X 0 0 0 Bill Herring Board Member 0.50 X 0 0 0 Walt Huggins Board Member 0.50 X 0 0 0 Tom Kleinlein Ex-Officio Board Member 0.50 X 0 0 0 Mike Long Board Member 0.50 X 0 0 0 Mel McBride Board Member 0.50 X 0 0 0 Phil Moore Board Member 0.50 X X 0 0 0 Anthony Tippins Board Member 0.50 X 0 0 0 Trey Sheppard Chairman-Elect 0.50 X X 0 0 0 Bill Carmichael Board Member 0.50 X 0 0 0 Tommy Ciarletta Board Member 0.50 X 0 0 0 Mike Cummings Board Member 0.50 X 0 0 0 Dr Barbara Golden Ex-Officio Board Member 0.50 X 0 0 0 Alison Hugli Board Member 0.50 X 0 0 0 Brian Pierce Board Member 0.50 X 0 0 0 Jeremy Ragan Board Member 0.50 X 0 0 0 Rusty Strawn Board Member 0.50 X 0 0 0 Dr Jean Bartels Ex-Officio Board Member 0.50 X 0 0 0 Kevin Bostian Executive Director 40.00 X 17500 0 1617 Rob Whitaker Treasurer, Ex-Officio Board Member 0.50 X 0 0 0 Frank Hook Interim President 40.00 X 51333 0 0 68833 0 1617 0 0 0 1 Evans General Contractors LLC 705 Hembree Place Roswell GA 30076 Construction 6579330 Brasfield & Gorrie LLC 1990 Vaughn Rd Kennesaw GA 30144 Construction 5240877 Whitfield Signs LLC 41 Bernard Ln Statesboro GA 30461 Branding Materials 414712 Rosser International Inc 1555 Peachtree St NE 800 Atlanta GA 30309 Architectural Services 192844 4 138601 323194 3768235 505821 4230030 Interest Income on Dir 900099 919778 919778 Stadium Suites Income 532000 269178 269178 Scoreboard Rent 900099 100000 100000 1288956 15658 15658 32283 38608 -6325 -6325 -6325 99253 323194 60736 38517 38517 56519 45950 10569 10569 Refunds and Reimbursem 900099 28675 28675 28675 5606080 1288956 0 87094 1661701 1661701 13170 13170 11000 11000 47042 47042 82081 64091 17990 1498 1498 29686 29686 156142 46526 109616 952465 952465 367888 360982 6906 16056 16056 Bad Debt Expense 217969 217969 Credit Card Processing 52340 52340 Promotional 23818 23818 Dues and Fees 4685 4685 4672 4672 3642213 3021674 439429 181110 3000893 5765997 5998378 1724025 4038475 4392291 11374 11703 3910 4153221 562413 22272101 3590808 424456 409819 1200000 21368935 37299822 36913343 3210564 171297 185531 253268 22991057 23003779 215127 187139 791392 719250 0 630900 27393671 24965633 X 2424621 4020966 7481530 7926744 9906151 11947710 37299822 36913343 X 1963867 77692 X X 0 1 X 1 0 X 1456612 3875304 5096884 4361189 4230030 19020019 655909 655909 1456612 3875304 5096884 4361189 4885939 19675928 19675928 28534 21025 10301 38887 15658 114405 662170 610622 563272 585740 28675 2450479 22240812 1288956 0.88470 0.84460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 80301 80301 1244800 220587 1024213 2828120 341826 2486294 3590808 Investment in Direct Financing Leas 21368935 21368935 Accrued Interest 437807 Due to Georgia Southern 193093 630900 X 6121669 881350 -365761 515589 5606080 0 5606080 4080110 686350 686350 3393760 248453 248453 3642213 Part X, Line 2: The Foundation is considered a 501(c) (3) corporation under the Internal Revenue Service Code and as such pays no federal or state income tax on all revenues related to its tax-exempt functions. The Foundation believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. Part XI, Line 2d - Other Adjustments: Contra Revenue Reported on page 12 of Form 990 -117,308. Reclass of Contra Revenue to Expense -248,453. Part XII, Line 4b - Other Adjustments: Reclass of Contra Revenue to Expense 248,453. Sporting Clays 294834 274922 19912 7058 4342 1285 Pro Am Golf Event 52625 7780 44845 7840 3960 1755 3 74988 40492 34496 1424 15138 17934 422447 323194 99253 16322 23440 20974 60736 38517 56519 14246 31704 0 56519 14246 31704 45950 10569 GA 1 0 1 0 1.00000 Tina Adams PO Box 8020-1 Statesboro GA 30460 0 0 1 Georgia Southern University 1332 Southern Drive Statesboro GA 30458 586002059 1661701 Scholarships and Athletic Department Support 1 0 X 1 1 0 0 0 0 0 0 0 0 0 Part I, Line 1a Local country club dues are paid for board member Tom Kleinlein. Form 990 Part VII Line 1a Executive Director, Kevin Bostian is compensated by an unrelated organization, Georgia Southern University, "GSU". His salary for 2014 was $17,500. GSU made a retirement contribution on his behalf in the amount of $1617. As Executive Director, this position's responsiblities include day to day management of the organization. Previously this position was titled President. The Interim President, Frank Hook, was paid $51333 during calendar year 2014. The former President, John Mulherin was paid $55705 during calendar year 2014 and received benefits totaling $ 5,253. A Development Authority of Bulloch County Series 2013 Bond 2013-06-30 22978335 Stadium Construction 0 0 0 A 22978335 688400 444884 11820207 0 0 0 0 A 1 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 1 0 0 0 0 1 A 1 X 22 415946 FMV X Signage 1 33950 X Furnishings 1 25060 X Various Items 10 18185 X Scholarship Rings 1 12680 0 0 0 0 Part I, Column (b): Number of Contributors Form 990 Part I, Line 5 The Georgia Southern University Athletic Foundation, Inc. does not maintain a payroll. All employees are on the payroll of Georgia Southern University, "GSU". GSU donated salaries and benefits for 2014 totaled $655,909. This represented 9 full-time and 2 part-time employees. Form 990, Part VI, Section A, line 4 During the past fiscal year, the organization's bylaws were amended. Changes and edits were made throughout including a revised, expanded mission statement. See Form 990 page 2 for the revised mission statement. The composition of the board changed from up to 50 members to 18-24 elected voting trustees plus 5 ex-officio voting trustees. Term limits have changed from 1, 2 and 3 year classes to all elected trustees serving 3 years. The ex-officio voting trustees hold the position by virtue of their office: 1 President of GSU 2 VP for GSU Business and Finance 3 GSU Athletic Director 4 Faculty Athletic Rep of GSU 5 Chair, GSU Foundation, Inc. Various committees have been named in the bylaws including the Executive Committee. The Executive Director shall have administrative responsibility of day to day operations. Form 990, Part VI, Section B, line 11 A draft of the 990 tax return was reviewed by the Executive Committee prior to its filing. Form 990, Part VI, Section C, line 19 Available upon request Form 990, Part XI, line 9: Bad Debt Losses -117,308. Capitalized Donated Services 195,000. Form 990 Part XII Line 2c There have been no changes in the auditor selection process, nor financial statement review process. Form 990 Part XI, Line 9 Other Changes to Net Assets: Capitalized Donated Services $195,000 Bad Debt Writeoffs -117,308 Total $ 77,692 Form 990 Part VI, Section B Subsequent to year-end, the organization's board of directors passed resolutions adopting several governance codes of conduct policies. This included a conflict of interest policy where board members must annually sign and disclose any conflicts. Also whistleblower and records retention policies were adopted. Stadium Construction LLC 1770 Southern Drive MP Admin Bldg R Statesboro GA 30458 462142799 Football Stadium Improvements DE -31533 23506893 GSU Athletic Fd