2024-01-31T08:37:12-06:00 2023-06-30 580692043 Mauldin & Jenkins LLC 200 Galleria Pkwy SE Ste 1700 Atlanta GA 303395946 990 2022-07-01 581485954 Georgia Southern University Athletic Foundation Inc GEOR 9124785519 PO Box 8115-01 Statesboro GA 30460 Trip Addison President 9124785519 2024-01-17 1 Trip Addison XXX-XX-XXXX 1 Mary Jo Alexander P00002534 7709558600 2024-01-17 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Trip Addison PO Box 8115-01 Statesboro GA 30460 12247806 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. 30 29 7 29 0 0 9167708 9792312 1352984 1601932 249965 387594 170553 253991 10941210 12035829 1607100 7270847 0 0 0 0 0 0 534273 3834931 2192282 5442031 9463129 5499179 2572700 44746506 55386008 23712016 31527275 21034490 23858733 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 8201747 7270847 1601932 Promoting and supporting the athletic program of Georgia Southern University 8201747 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 38 5 1 7 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 30 29 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 12.00 X X 229731 0 39292 Leonard Bevill Chair 0.50 X X 0 0 0 Bryan Burke Chair Elect 0.50 X X 0 0 0 Anthony Tippins Past Chair 0.50 X X 0 0 0 Ron Stalnacher Treasurer 0.50 X X 0 0 0 Jared Benko Ex-Officio Board Member 0.50 X 0 0 0 John Cornelius Board Member 0.50 X 0 0 0 Mike Curry 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 Chris Geyerman Ex-Officio 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 Ex-Officio Board Member 0.50 X 0 0 0 Cliff McCurry Board Member 0.50 X 0 0 0 Bill McNair Board Member 0.50 X 0 0 0 Spence Mullis Board Member 0.50 X 0 0 0 Ed Nelson Board Member 0.50 X 0 0 0 Kevin Roberson Board Member 0.50 X 0 0 0 Mike Sanders Ex-Officio Board Member 0.50 X 0 0 0 Tammy Shepherd 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 Heath Vickers Board Member 0.50 X 0 0 0 Adam Wickley Board Member 0.50 X 0 0 0 Tim Wilkerson Board Member 0.50 X 0 0 0 Craig Brown CFO 20.00 X 123925 0 21794 Davis Hendrickson Executive Director 40.00 X 26380 0 2293 380036 0 63379 2 0 1 1 4Topps LLC 3135 Indiana Avenue Winston Salem NC 27105 Design/Construction 547144 Goodwyn Mills Cawood LLC 2660 Eastchase Lane Suite 200 Montgomery AL 36117 Design/Construction 460252 Del Sur Taqueria & Cantina 514 South Main Street Statesboro GA 30458 Catering 337731 Whitfield Signs 91 S College St Statesboro GA 30458 Design/Construction 297356 4 290041 9502271 423772 9792312 Interest Income on Direct Financi 900099 960323 960323 Stadium Suites Income 532000 641609 641609 1601932 394271 394271 87873 88050 6500 -177 -6500 -6677 -6677 123459 290041 93627 29832 29832 66412 23800 42612 42612 Insurance Proceeds 900099 96000 96000 Refunds and Reimbursements 900099 85547 85547 181547 12035829 1601932 0 641585 7270847 7270847 27126 10298 16828 27400 27400 3620 3620 268189 264205 3984 312131 1433 310698 72848 71109 1739 27631 3002 24629 30116 3272 26844 788733 788733 131869 131869 36915 36915 Bad Debt Expense 236855 236855 Supplies 184390 45661 138729 Dues and Memberships 12182 1324 10858 Repairs and Maintenance 2210 13 2197 30067 15472 14595 9463129 8201747 727109 534273 X 3846677 2242096 10308237 11513802 6055907 8558816 45635 8127 1166 1160 13495295 2314789 2389537 11180506 3509760 3785531 18556993 18059096 32594 36874 44746506 55386008 380389 1746062 727073 939726 19055471 18492829 6924422 3549083 3424236 23712016 31527275 X 8554293 9414060 12480197 14444673 21034490 23858733 44746506 55386008 2572700 251543 0 X X 0 1 X 1 0 X 3766892 3927250 4489671 9167708 9792312 31143833 901017 861128 912137 1025011 1156829 4856122 4667909 4788378 5401808 10192719 10949141 35999955 3677170 32322785 70385 69425 49116 65725 394271 648922 88404 139155 75425 84007 181547 568538 37217415 6895474 0.86850 0.87460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1900240 230382 104331 2234953 2142176 2871 -244807 1900240 1645078 38185 458913 2142176 1326871 337906 -19699 1645078 1476819 79550 -229498 1326871 0.00000 0.79000 0.21000 0 0 80301 80301 2375082 1590451 784631 1708363 724338 984025 9331549 9331549 11180506 Investment in Direct Financing Lease 18059096 F 18059096 Accrued Interest 380689 Due to GSU and GSU Foundation 2829253 Other liabilities 214294 3424236 X 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. Benefit Concert 189110 147306 41804 665 18171 25935 2482 Evening with the Allstars 62282 53103 9179 1569 1584 11408 3 162108 89632 72476 5700 157 20449 2094 3413 413500 290041 123459 5700 2391 40204 28029 17303 93627 29832 66412 19835 3965 0 66412 19835 3965 23800 42612 GA 1 0 1 0 1.00000 Craig Brown CFO PO Box 8053 Statesboro GA 30460 1 23513 2715 AscendFS Deleware Inc 1 Yonge St Ste 700 Toronto Ontario CA 0 1 Georgia Southern University 1332 Southern Drive Statesboro GA 30458 586002059 5742347 0 Scholarships and Athletic Department Support Georgia Southern University Foundation PO Box 8053 Statesboro GA 30460 586034031 501(c)(3) 1528500 0 Convocation center construction 2 0 0 0 0 0 0 0 0 0 0 Trip Addison President, Ex-officio 225981 0 0 0 3750 0 21852 0 17440 0 269023 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 2022 was $229,371. Employer paid benefits include $17,440 for medical insurance and $21,852 in retirement contributions. As GSU VP University Advancement, this position's responsiblities include day to day management of the GSU Athletic Foundation involving approximately 30% of Trip Addison's time. Chief Financial Officer, Craig Brown, is compensated by an unrelated organization, Georgia Southern University, "GSU". His compensation for 2022 was $123,925 in salary. Employer paid benefits include $10,092 for medical insurance and $11,702 in retirement contributions. As Chief Financial Officer, this position's 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, Davis Hendrickson, is compensated by an unrelated organization, Georgia Southern University, "GSU". His compensation for 2022 was $26,380. Employer paid benefits include $1,407 for medical insurance and $886 in retirement contributions. As Executive Director, this position's 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 3675849 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 4 56079 FMV X Construction materials 4 309493 FMV X Supplies & Equipment 3 39743 FMV X Promotional items 1 14237 FMV X Donated auction items 2 4220 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 2022 totaled $1,156,829. 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 beginning at 3.85% per annum and 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 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 June 30, 2023 and 2022, the loan balance was $6,924,422 and $- , respectively. 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 983807 20074862 GSU Athletic Fd