2025-12-15T09:55:42-06:00 2025-06-30 580692043 Mauldin & Jenkins LLC 200 Galleria Pkwy SE Ste 1700 Atlanta GA 303395946 990 2024-07-01 581485954 Georgia Southern University Athletic Foundation Inc GEOR 9124785519 PO Box 8115-01 Statesboro GA 30460 Trip Addison President 9124785519 2025-12-12 1 0 Melissa Seward P02145103 7709558600 2025-12-12 2024 2025-03-06 01:10:19Z Trip Addison PO Box 8115-01 Statesboro GA 30460 11590071 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. 29 28 7 25 0 0 11980898 7896336 1834526 1957467 854019 742251 656497 782422 15325940 11378476 6212351 7955733 0 0 0 0 0 0 572229 2810139 3366940 9022490 11322673 6303450 55803 62188801 64637249 31622709 33780938 30566092 30856311 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 9640099 7955733 1957467 Promoting and supporting the athletic program of Georgia Southern University. 9640099 1 1 0 0 0 0 0 0 0 1 1 0 1 0 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 X 72 7 1 7 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 29 28 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 0 0 0 GA X X Craig Brown 9124785519 PO Box 8053 Statesboro GA 30460 Trip Addison President, Ex-officio 20.00 X X 247811 0 44313 Bryan Burke Chair 0.50 X X 0 0 0 Spence Mullis Chair Elect 0.50 X X 0 0 0 Leonard Bevill Past Chair 0.50 X X 0 0 0 Ron Stalnaker Treasurer 0.50 X X 0 0 0 Chris Davis Ex-Officio Board Member 0.50 X 0 0 0 Mike Backus Board Member 0.50 X 0 0 0 John Cornelius Board Member 0.50 X 0 0 0 Michael Curry Board Member 0.50 X 0 0 0 Horace Deal Board Member 0.50 X 0 0 0 Bill Donaldson Board Member 0.50 X 0 0 0 Marcelo Estrada Board Member 0.50 X 0 0 0 Carolyn Ethridge Board Member 0.50 X 0 0 0 Billy Hickman Board Member 0.50 X 0 0 0 Darryl Hopkins Board Member 0.50 X 0 0 0 Clay Huckaby Board Member 0.50 X 0 0 0 Sean Knox Board Member 0.50 X 0 0 0 Kyle Marrero Board Member 0.50 X 0 0 0 Cliff McCurry Board Member 0.50 X 0 0 0 Stephen Milner Ex-Officio Board Member 0.50 X 0 0 0 Dorline Nelson Board Member 0.50 X 0 0 0 Kevin Roberson Board Member 0.50 X 0 0 0 Garrett Smith Board Member 0.50 X 0 0 0 Jerry Snider Board Member 0.50 X 0 0 0 Bob Somers Board Member 0.50 X 0 0 0 Erica Timmons Board Member 0.50 X 0 0 0 Anthony Tippins Board Member 0.50 X 0 0 0 Heath Vickers Board Member 0.50 X 0 0 0 Adam Wickley Board Member 0.50 X 0 0 0 Craig Brown CFO 20.00 X 131528 0 24984 Allison Ware Executive Director 40.00 X 70692 0 8292 450031 0 77589 2 0 1 1 Whitfield Signs 91 South College Street Statesboro GA 30458 Design/Construction 329041 Anthony Travel LLC PO Box 1086 Notre Dame IN 46556 Travel Services 171825 Aramark Services Inc 207 Lanier Dr Statesboro GA 30458 Food Services 137877 Revel XP LLC 500 W Fifth Street Suite 1200 Winston Salem NC 27101 Game Day Hospitality 114806 4 108970 7787366 78323 7896336 Stadium Suites Income 532000 1048199 1048199 Interest Income on Direct Financi 900099 909268 909268 1957467 695899 695899 151676 105324 46352 46352 46352 12560 108970 53761 -41201 -41201 85385 52510 32875 32875 Refunds and Reimbursements 900099 648248 648248 Insurance Proceeds 900099 142500 142500 790748 11378476 1957467 0 1524673 7955733 7955733 3239 3239 25400 25400 4817 4817 162861 24451 138410 96322 8545 87777 113157 113078 79 65031 2222 62809 216725 7404 209321 1137648 1137648 546718 546718 63937 63937 Bad Debt Expense 762541 762541 Supplies 138358 91789 46569 Dues and Memberships 23806 813 22993 Facilities and Maintena 4250 4250 2130 2109 21 11322673 9640099 1110345 572229 X 2328361 2340085 9822299 11917679 11485718 10707475 585850 165272 1160 1160 20114224 3309540 15693267 16804684 4693366 5647478 17535068 16981573 43712 71843 62188801 64637249 96609 7583 945862 857154 17910187 17307546 10000000 10000000 2670051 5608655 31622709 33780938 X 12217516 15170662 18348576 15685649 30566092 30856311 62188801 64637249 55803 234416 0 X X 0 1 X 1 0 X 4489671 9167708 9792312 11980898 7896336 43326925 912137 1025011 1156829 1248172 1163779 5505928 5401808 10192719 10949141 13229070 9060115 48832853 4842365 43990488 49116 65725 394271 682787 695899 1887798 75425 84007 181547 651063 790748 1782790 52503441 8036241 0.83790 0.84020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2929563 152676 444771 3527010 2234953 371146 323464 2929563 1900240 230382 104331 2234953 2142176 2871 -244807 1900240 1645078 38185 458913 2142176 0.00000 0.70760 0.29240 0 0 80301 80301 14998287 1204760 13793527 3637711 2104780 1532931 1397925 1397925 16804684 Investment in Direct Financing Lease 16981573 F 16981573 Accrued Interest 362087 Due to GSU and GSU Foundation 5224882 Other liabilities 21686 5608655 X Part X, Line 2: The Foundation qualifies as a tax-exempt organization as described in the Internal Revenue Code Section 501(c)(3) and has been classified by the Internal Revenue Service as a publicly supported organization and not as a private foundation. However, income from certain activities not directly related to the Foundation's tax-exempt purpose is subject to taxation as unrelated business income. The Foundation follows the statutory requirements for its income tax accounting and generally avoids risks associated with potentially problematic tax positions that may be challenged upon examination. Management believes any liability resulting from taxing authorities imposing additional income taxes from activities deemed to be unrelated to the Foundation's tax-exempt status would not have a material effect on the Foundation's consolidated financial statements. In The Round Concert Series 89325 83250 6075 18074 29549 770 EFAA Auction 32205 25720 6485 5368 121530 108970 12560 18074 29549 6138 53761 -41201 85385 28668 6693 17149 0 85385 28668 6693 17149 52510 32875 GA 1 0 1 0 1.00000 Craig Brown CFO PO Box 8053 Statesboro GA 30460 1 44960 7389 AscendFS Deleware Inc 1 Yonge St Ste 700 Toronto Ontario CA 0 1 Georgia Southern University 1332 Southern Drive Statesboro GA 30458 586002059 7955733 0 Scholarships and Athletic Department Support 1 0 0 0 0 0 0 0 0 0 0 Trip Addison President, Ex-officio 247811 0 0 0 0 0 23493 0 20820 0 292124 0 0 0 Craig Brown CFO 131528 0 0 0 0 0 12797 0 12187 0 156512 0 0 0 Form 990 Part VII Line 1a President Trip Addison is compensated by an unrelated organization, Georgia Southern University (GSU). His compensation for 2024 was $247,811. Employer paid benefits include $20,820 for medical insurance and $23,493 in retirement contributions. As President, his responsiblities include day to day management of the GSU Athletic Foundation involving approximately 30% of Trip Addison's time. Trip Addison also serves as GSU VP of University Advancement. Chief Financial Officer Craig Brown is compensated by an unrelated organization, Georgia Southern University (GSU). His compensation for 2024 was $131.528 in salary. Employer paid benefits include $12,187 for medical insurance and $12,797 in retirement contributions. As Chief Financial Officer, his resposibilities include day to day management of the financial actions of the organization. Craig Brown is also CFO of GSU Foundation and splits his time between both foundations. Executive Director Allison Ware is compensated by an unrelated organization, Georgia Southern University (GSU). Her compensation for 2024 was $70,692. Employer paid benefits include $3,556 for medical insurance and $4,736 in retirement contributions. As Executive Director, her responsibilities include day to day management of the GSU Athletic Foundation. A Development Authority of Bulloch County Series 2013 Bond 581538786 120334DX2 2013-06-30 22978335 Stadium Construction 0 0 0 A 4915849 22978335 688400 1781698 444884 11820207 10024844 2014 0 0 1 1 A 1 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 1 A 1 Date Rebate Computation Performed Issuer Name: Development Authority of Bulloch County Series 2013 Bond Date the Rebate Computation was Performed: 06/12/2018 X 6 76651 FMV X Supplies 1 1672 FMV 0 0 1 0 Part I, Column (b): Number of contributors. Form 990, Part I, Line 5 and Part V, Line 2a The Georgia Southern University Athletic Foundation, Inc. does not maintain a payroll. The Foundation's seven (7) employees are on the payroll of Georgia Southern University (GSU), an unrelated organization. GSU donated salaries and benefits for the year ended June 30, 2025 totaled $1,163,779. Form 990, Part VI, Section B, line 11b A draft of the 990 tax return was reviewed by the Executive Committee prior to its filing. Form 990, Part VI, Section B, line 12c Disclosures are reviewed by Executive Director and Treasurer. Form 990, Part VI, Section C, line 19 Available upon request and on the Georgia Southern University Foundation accounting website. Form 990, Part X, Line 24, Column B During June 2022, the Foundation entered into a loan agreement for the purpose of constructing an indoor practice facility. This loan has a principal balance of up to $10,000,000 with a variable interest rate of 4.85% and 3.85% at June 30, 2025 and 2024, respectively. The interest rate is subject to change beginning June 2025 and thereafter based upon the prime rate minus 0.5 percentage points. The interest rate will never be greater than 4.85% or less than 3.25%. Interest only payments began in December 2022 for six semiannual payment periods at which point regular principal and interest payments commence. Principal and interest payments begin December 24, 2025. The maturity date of the loan is June 2035. At both June 30, 2025 and 2024, the loan balance was $10,000,000. Form 990, Part XII, Line 2c The process has not changed since the prior year. Stadium Construction LLC 1770 Southern Drive MP Admin Bldg R Statesboro GA 30458 462142799 Football Stadium Improvements DE 980772 19207409 GSU Athletic Fd