2011-02-14T12:06:50-06:00 2010-06-30 Cherry Bekaert & Holland LLP 1180 W Peachtree Street Suite 1400 Atlanta GA 303093482 990 2009-07-01 586033185 GEORGIA STATE UNIVERSITY FOUNDATION GEOR 4044133402 ONE PARK PLACE SUITE 533 ATLANTA GA 303033083 DALE PALMER 4044133434 2011-02-09 1 Lynn J Moneyron 4042090954 2009 2016-02-24 21:20:13Z DALE PALMER ONE PARK PLACE SUITE 533 ATLANTA GA 30303 97984378 0 X WWW.GSUFOUNDATION.ORG X 1958 GA SUPPORT THE MISSION AND BEST INTERESTS OF GEORGIA STATE UNIVERSITY. 35 35 0 35 3082675 -1742280 10498941 20694909 4628284 4219283 13316835 15080967 3751393 3495806 32195453 43490965 2427472 6620300 0 3255998 2988861 870174 484317 1072937 25418394 23821133 31972038 33914611 223415 9576354 392875185 411430203 279054967 273911047 113820218 137519156 THE GEORGIA STATE UNIVERSITY FOUNDATION, INC. SERVES AS THE OFFICIAL FUND-RAISING AND FUND MANaGEMENT ORGANIZATION FOR GEORGIA STATE UNIVERSITY AND IS COMMITTED TO SUPPORTING AND ASSISTING THE UNIVERSITY IN ACHIEVING ITS GOALS AND OBJECTIVES THROUGH SOLICITING AND MANAGING PRIVATE GIFTS, AND COLLABORATING AND ADVISING ON ACTIVITIES FOR THE BENEFIT AND ADVANCEMENT OF THE UNIVERSITY. 0 0 22693027 3915551 4632414 SPECIAL PURPOSE FUNDS - TO FINANCE VARIOUS PROGRAMS AT GEORGIA STATE UNIVERSITY. 2704749 2704749 SCHOLARSHIP FUND - TO PROVIDE SCHOLARSHIPS AND AWARDS 5286541 DEPARTMENT FUND - USED BY THE VARIOUS SCHOOLS OF THE UNIVERSITY FOR VARIOUS EDUCATION RELATED PROGRAMS - FACULTY SUPPLEMENTS. 30684317 1 1 0 0 0 0 0 0 1 1 0 1 0 0 1 1 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 0 0 1 131 0 1 0 1 1 0 0 0 1 1 1 1 0 0 0 1 1 35 35 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X X DALE PALMER 4044133402 ONE PARK PLACE SUITE 533 ATLANTA GA 303033083 X DR MARK BECKER 1.00 X 0 0 0 DR HELEN M ADERHOLD 1.00 X 0 0 0 DR STEVEN ASPLUNDH 1.00 X 0 0 0 MR WILLIAM C BALZER 1.00 X 0 0 0 MRS KATHY T BERRY 1.00 X 0 0 0 MR W FRANK BLOUNT 1.00 X 0 0 0 MR ANTHONY P BURGER 1.00 X 0 0 0 MR MAXWELL M BURNS 1.00 X 0 0 0 MR DAVID H FLINT 1.00 X 0 0 0 MS CATHERINE C HENSON 1.00 X 0 0 0 MR RICHARD J JACOBSON 1.00 X 0 0 0 MR JACK R KELLY JR 1.00 X 0 0 0 MR RICHARD H LENNY 1.00 X 0 0 0 MR L ANTHONY MONTAG 1.00 X 0 0 0 MRS DIANE L PARKS 1.00 X 0 0 0 MR WILLIAM C PATE 1.00 X 0 0 0 MR MARK A PHILLIPS 1.00 X 0 0 0 MR JERRY RACKLIFFE 1.00 X 0 0 0 MR WILLIAM D REEVES 1.00 X 0 0 0 MR H JEROME RUSSELL J 1.00 X 0 0 0 MR W CLAYTON SPARROW 1.00 X 0 0 0 MR J GROVER THOMAS JR 1.00 X 0 0 0 MR CHRISTOPHER B TORIE 1.00 X 0 0 0 MR DEXTER B WARRIOR 1.00 X 0 0 0 MS FRANCES BREEDEN 1.00 X 0 0 0 MR RANKIN COOTER 1.00 X 0 0 0 MR JOHN COWART SR 1.00 X 0 0 0 Mr John Bauer 1.00 X 0 0 0 Mr Brad Ferrer 1.00 X 0 0 0 Ms Marjorie Knowles 1.00 X 0 0 0 Mr Lee Macenczak 1.00 X 0 0 0 Mr Peter Miller 1.00 X 0 0 0 Mr Nathaniel O'Connell 1.00 X 0 0 0 Mr Douglas Reid 1.00 X 0 0 0 MR DALE PALMER 30.00 X 0 0 0 MRS NANCY E PETERMAN 20.00 X 0 0 0 Julie Van Balen 20.00 X 0 0 0 Ms Arlene Charles 40.00 X 0 0 0 0 0 0 0 0 0 1 Reeves Contracting co 1400 Buford Hwy Suite 7 Sugar Hill GA 30518 Building & Construction 1314133 RUFFALOCODY LLC PO BOX 3018 CEDAR RAPIDS IA 52406 FUNDRAISING SERVICES 471363 Dixie Roof Decks Inc 1300 Capital Circle Lawrenceville GA 30043 Commercial Roofing 452507 Rosser International Inc 524 W Peachtree St Atlanta GA 30308 Architecture, engineering, proj mgt 150848 SEYFARTH SHAW LLP 1545 PEACHTREE ST STE 700 ATLANTA GA 30309 LEGAL SERVICES 124568 5 14080 20680829 20694909 STUDENT HOUSING FEES 532000 4219283 4219283 4219283 15131535 15131535 3122424 3122424 3122424 3122424 38333527 16099130 38944984 15538241 -611457 560889 -50568 -50568 10188 14080 10188 0 OTHER MISCELLANEOUS RE 611710 413131 413131 Other interest income 523000 1388 1388 Partnership Investment 523000 -41137 -41137 373382 43490965 4632414 3082675 15080967 6575694 6575694 44606 44606 2549342 2005759 268915 274668 137816 83702 54114 99866 55466 44400 201837 139931 61906 159135 159135 57984 52188 5796 66300 66300 484317 484317 365540 365540 1039798 750469 289329 172067 62948 79706 29413 989437 600100 226435 162902 3637525 3635425 500 1600 462969 408063 25254 29652 103586 84399 13662 5525 12389298 12389298 2167290 1953610 213680 meeting and event expen 1175166 805176 293354 76636 Insurance 465776 451855 13921 Contractul Payments 333027 243027 90000 Equipment Purchase 128534 118988 8842 704 Dues & Professional Mem 107701 64478 35703 7520 33914611 30684317 2157357 1072937 9065666 5157061 31227623 35114994 3573333 12646281 312374 1634228 6798828 6664242 62840674 9434022 57457095 53406652 71991706 93044521 212448560 203762224 392875185 411430203 5410071 6047067 253220000 256245000 17399896 14643980 279054967 273911047 X 14654364 15390011 42193916 47007466 56971938 75121679 113820218 137519156 392875185 411430203 X 1 1 1 X 0 X 16117214 11600252 19144899 10498941 20694909 78056215 7000 7000 14000 16124214 11607252 19144899 10498941 20694909 78070215 78070215 7520694 5220379 6126785 15443192 14765995 49077045 10380614 1162480 628969 373382 12545445 139692705 26229603 0.55890 0.60010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 70793273 6244428 10083399 3461214 83659886 92050277 3111361 -20998394 3369972 70793273 0.22000 0.78000 0 0 7378492 7378492 55462182 9434022 46028160 53406652 CASH SURRENDER VALUE OF charitable LIFE INSURANCE policies 901899 RESTRICTED ASSETS 35003060 INVESTMENT HELD FOR AFFILIATES 6158694 INVESTMENT IN DIRECT FINANCING LEASES, NET 161698571 203762224 OBLIGATION FOR INVESTMENTS HELD IN TRUST AFFILIATES 6158694 UNAMORTIZED BOND PREMIUM 3792586 OBLIGATION UNDER LEASES 4692700 14643980 43490965 33914611 9576354 12122585 2000000 14122585 23698939 59346428 12122585 4098418 16221003 43125425 365540 365540 43490965 33640459 91388 91388 33549071 365540 365540 33914611 Part XI, Line 8 - Other Adjustments: TRANSFERS FROM GSU BUILDING FOUNDATION: 2000000. PART X, INCOME TAXES: THE FOUNDATION'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE FOUNDATION, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELEIVES THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2009 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. PART V, ENDOWMENT FUNDS: ENDOWMENT FUNDS INTENDED USES INCLUDE SCHOLARSHIPS, FELLOWSHIPS, CHAIRS, PROFESSORSHIPS AND OTHER RELATED ACTIVITIES. PART XII, LINE 2D: $3,987,395 GSU BUILDING FOUNDATION REVENUE $91,388 GSU BUILDING FOUNDATION RENTAL EXPENSES $19,635 GSU BUILDING FOUNDATION UNREALIZED GAINS PART XIII, LINE 2D: $91,388 GSU BUILDING FOUNDATION RENTAL EXPENSES 1 Middle East 0 0 Grants to recipients located in region Group transportation and Seminar 9000 South Asia 0 0 Grants to recipients located in region Marketing Research 25000 Europe 0 0 Grants to recipients located in region Speaker Fees and Association Dues 2413 Canada 0 0 Grants to recipients located in region Investment Consulting Fees and Speaker Fees 8193 0 0 44606 X Middle East and North Africa Group transportation 6500 CASH Book Sub-Saharan Africa Marketing research 25000 CASH Book North America Consulting fees 5052 CASH Book 3 0 X X X X X X 1 ruffalocody llc FUND RAISING SERVICES 0 510228 484317 25911 510228 484317 25911 AL AK AZ CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY AR Golf 11350 5950 5400 5400 Opera 12918 8130 4788 4788 24268 14080 10188 10188 10188 0 1 GEORGIA STATE UNIVERSITY ONE PARK PLACE SUITE 533 ATLANTA GA 30303 115(1) 3870945 BOOK FUNDS ARE PAID TO GEORGIA STATE UNIVERSITY FOR EDUCATIONAL PURPOSES AND ACADEMIC SUPPORT. GEORGIA STATE UNIVERSITY ONE PARK PLACE SUITE 533 ATLANTA GA 30303 115(1) 2704749 BOOK To provide SChOLARSHIPs and awards. 1 0 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: FUNDS ARE PAID TO GEORGIA STATE UNIVERSITY FOR EDUCATIONAL PURPOSES AND ACADEMIC SUPPORT. SCHOLARSHIPS ARE PAID DIRECTLY BY GEORGIA STATE UNIVERSITY. SCHOLARSHIP recipients ARE SELECTED BASED ON UNIVERSITY POLICY AND CRITERIA SET FORTH IN THE FUND AGREEMENTS. 0 0 0 0 0 0 0 0 0 Supplemental Information Part III COMPENSATION OF OFFICERS GEORGIA STATE UNIVERSITY FOUNDATION HAS NO EMPLOYEES. PER PART VII LINE 5, COMPENSATION OF OFFICERS LISTED ON PART VII (SCHEDULE J-2) IS FROM AN UNRELATED ORGANIZATION (GEORGIA STATE UNIVERSITY) FOR SERVICES RENDERED TO GEORGIA STATE UNIVERSITY FOUNDATION. Accordingly, NANCY PETERMAN, PRESIDENT, Dale Palmer, ASSISTANT TREASURER/CFO, and JULIE VAN BALEN, ASSISTANT SECRETARY, received compensation of $217,000, $150,765 AND $51,893, respectively, from Georgia State University. ATLANTA DEVELOPMENT AUTHORITY(PANTHER PLACE) 586033185 04780RBF4 2009-05-29 58607704 ACQUISITION OF FACILITIES FOR ADMINISTRATIVE OFFICES 0 0 ALPHARETTA DEVELOPMENT AUTHORITY 586033185 020812BE2 2009-05-12 6544706 Construction of educational facilities 0 0 ATLANTA DEVELOPMENT AUTHORITY(piedmont ellis) 586033185 04777LBG0 2005-09-08 165030809 Construction of student housing 0 0 73235000 5101800 3895824 2440658 52000000 1 0 1 1 5890000 127824 2000 1 0 1 1 161330000 11286938 4377863 135181177 2007 0 0 1 1 1 1 0 0 0 0.01670 0.01670 1 1 0 0 0 0 1 1 0 0 0 0 1 0 0 0 na 0 na 0 0 0 0 0 na 0 na 0 0 0 0 0 na 0 na 0 0 Reeves Contracting Co OWNER SON OF GSU TRUSTEE. 2499751 FIELD CONSTRUCTION 0 X 1 0 opinion of experts X 0 opinion of experts X 1 0 opinion of experts X Opttical Delay Line Systems 1 0 opinion of experts X Air Handling Unit 1 0 Opinion of experts X Chemical Fume Hoods 1 0 opinion of experts X Ape Caging Units 1 0 opinion of experts 2 0 1 0 Non Reporting of Revenue: Part I, Line 33: Part I, line 1 (Art - Works of art): A zero amount was reported on form 990, Part VIII Statement of Revenue, line 1g, because the Foundation did not capitalize the works of art received. PART I, COLUMN(B): COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTIONS RECEIVED. Form 990, Part VI, Section B, line 11 The organization provides the Federal Form 990 to the audit committee for review. Once approved the 990 is sent to the full Board of Trustees for review and commentS. iT IS THEN FILED WITH THE irs. Form 990, Part VI, Section B, line 12c The organization sends conflict of interest statements to all Trustees, Directors, and significant members of the GSU Foundation community to disclose any possible conflicts. The audit committee regularly reviews any conflicts that may arise throughout the year on a case by case basis. Form 990, Part VI, Section B, line 15 ALL COMPENSATION REPORTED ON THE FORM 990 IS FROM AN UNRELATED ORGANIZATION (GEORGIA STATE UNIVERSITY) FOR SERVICES RENDERED TO GEORGIA STATE UNIVERSITY FOUNDATION. COMPENSATION IS HANDLED ACCORDING TO GEORGIA STATE UNIVERSITY POLICY AND ALL DECISIONS ARE MADE THROUGH THE UNIVERSITY PROCESS. Form 990, Part VI, Section C, line 18 FORMS 990 AND 990T are documented and located on the organization's web site for public review at WWW.GSUFOUNDATION.ORG Form 990, Part VI, Section C, line 19 ALL GOVERNING DOCUMENTS AND POLICIES ARE located on the organization's web site for public review at WWW.GSUFOUNDATION.ORG Form 990, Part XI, Line 2C Audit Committee The audit committee provides independent oversight which includes: selecting the independent auditing firm for the annual audit; meeting with the auditor prior to the audit to discuss the scope of the audit; meeting with the auditor after the annual audit to review the audited CONSOLIDATED financial statements and the management letter; meeting with the auditor after the annual audit to review the audited consolidated financial statements and the management letter; ensuring that management addresses any issues determined in the auditor's management letter; recommending the acceptance of the audit to the Executive Committee and the Board of Trustees; Educating trustees on audit issues, recommending approval of audit fees; rebidding the selection of the independent audit firm everY 3 - 5 years; approving accounting policies and standards, reviewing and making recommendations on internal controls; and overseeing policies and procedures for reporting questionable accounting or auditing matters. Additional Statement related to fundraising activity The cost of services rendered by the Development Division of Georgia State University for fundraising activities are borne both by the Foundation and the University. The portion of the costs borne by the University is not included in the Foundation's financial statements, as these costs would have been incurred by the University even if the Foundation did not exist. The cost of the services provided by the University approximated $2,255,616 for the year ended June 30, 2010. Schedule G, Part I, Line 2b, Column (v) Explanation of Fundraising Payments ruffalocody, llc HANDLES ALL OPERATIONS OF THE GSU CALL CENTER WHICH SoLICITS OVER THE PHONE DONATIONS ON BEHALF OF THE UNIVERSITY. Additional Statement related to sch L, Part IV, line b Dean Reeves owns Reeves Contracting. He is the son of GSU Foundation Board member William Reeves. William Reeves has no ownership, financial interest, role, or stock in Reeves Contracting Co. Reeves Contracting was awarded the project as they were determined to be the lowest responsive and responsible bidder in a competitive bid process. Form 990, Part V, Lines 1C, 2B, 7G and 7H Backup withholding, federal employment tax returns, Form 8899 and 1098-C The organization did not receive contributions of qualified intellectual property and was therefore not required to file form 8899. Likewise, there were no contributions of cars, boats, airplanes, or other vehicles, and Form 1098-C was not required. The organization did not have any reportable gaming (gambling) winnings to prize winners and therefore the backup withholding rules did not apply. The organization did not have any employees and therefore the federal employment tax returns were not filed. UNIVERSITY LOFTS LLC ONE PARK PLACE SUITE 533 ATLANTA GA 30303 586033185 STUDENT HOUSING FACILITY FOR THE UNIVERSITY STUDENTS GA 3356174 82378 GEORGIA STATE UNIVERSITY FOUNDATION PIEDMONTELLIS LLC ONE PARK PLACE SUITE 533 ATLANTA GA 30303 586033185 TO ACQUIRE,DEVELOP, OPERATE AND MANAGE REAL PROPERTY FOR STUDENT Housing GA 9174977 154804847 GEORGIA STATE UNIVERSITY FOUNDATION RIALTO CENTER LLC ONE PARK PLACE SUITE 533 ATLANTA GA 30303 586033185 to purchase and renovate the rialto theater for benefit and use by the univ. GA 957303 956198 GEORGIA STATE UNIVERSITY FOUNDATION PANTHER PLACE LLC PO BOX 4076 ATLANTA GA 30302 586033185 to purchase the suntrust build. to provide office & classroom to the univ. GA 3123812 63917081 GEORGIA STATE UNIVERSITY FOUNDATION panther fields llc oNE PARK PLACE SUITE 533 aTLANTA GA 30303 586033185 TO PROVIDE A PRACTICE FOOTBALL FIELD AND FACILITY USE BY THE UNIVERSITY GA 132897 2905757 georgia STATE UNIVERSITY FOUNDATION panther lot llc oNE PARK PLACE SUITE 533 aTLANTA GA 30303 586033185 TO ACQUIRE, DEVELOP, OPERATE, AND MANAGE REAL PROPERTY USE BY THE UNIVERSIT GA 99450 -2745016 gEORGIA STATE UNIVERSITY FOUNDATION Panther Real Estate LLc ONE PARK PLACE SUITE 533 aTLANTA GA 30303 586033185 tO PURCHASE REAL ESTATE FOR USE OF THE UNIVERSITY GA 0 0 GEORGIA STATE UNIVERSITY BUILDING FOUNDATION PO BOX 3963 atlanta GA 30303 581998542 HOLDS TITLE TO PROPERTY OWNED BY THE GSU FOUNDATION AT 1 PARK PLACE, ATL, GA GA 501 c(2) GEORGIA STATE UNIVERSITY FOUNDATION 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 GEORGIA STATE UNIVERSITY BUILDING FOUNDATION C 2000000 GEORGIA STATE UNIVERSITY BUILDING FOUNDATION (GSUF OCCUPIES OFFICE SPACE) M 0