2024-05-14T07:40:54-05:00 2023-07-31 582283283 Dougherty McKinnon & Luby LLC 2521 Brookstone Centre Pkwy Columbus GA 31904 990 2022-08-01 581940977 Foundation Properties Inc FOUN 7065653640 4225 University Avenue Columbus GA 319075645 Mitch Watkins Executive Director 7065653640 2024-05-13 1 Mitch Watkins 999009999 0 Erica D Chestnutt P00931402 7064949630 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Mitch Watkins 4225 University Ave Columbus GA 31907 15901232 0 X n/a X 1988 GA The principle purpose of Foundation Properties, Inc. shall be to promote the cause of higher education at Columbus State University, a unit of the University System of Georgia located in Columbus, GA, specifically through the management of real property affiliated with the University, holding real property for future development by the University and holding investment property for the benefit of the University. 10 10 0 10 -232409 0 0 0 5709911 5740532 395817 -132803 73554 -177095 6179282 5430634 18334 44795 0 0 288181 273451 0 0 0 4256967 4369979 4563482 4688225 1615800 742409 80383881 66174355 55161012 40999008 25222869 25175347 X The principle purpose of Foundation Properties, Inc. shall be to promote the cause of higher education at Columbus State University, a unit of the University System of Georgia located in Columbus, GA, specifically through the management of real property affiliated with the University, holding real property for future development by the University and holding investment property for the benefit of the University. 0 0 4259119 44795 5740532 Holding, management and contribution of real property in support of Columbus State University. 55314 Miscellaneous income primarily consisting of parking fees and application fees for student housing. 4259119 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 10 0 1 0 1 1 1 UK 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 GA X Gena B Stone 7065078959 4225 University Avenue Columbus GA 31907 X Pace Halter Trustee 1.00 X 0 0 0 Rick Gordy Chairperson 1.00 X X 0 0 0 Mat Swift Trustee 1.00 X 0 0 0 Bill Reaves Trustee 1.00 X 0 0 0 Todd Schuster Vice Chair 1.00 X X 0 0 0 Will Peek Trustee 1.00 X 0 0 0 Ron Thomas Treasurer 1.00 X X 0 0 0 Will White Trustee 1.00 X 0 0 0 John Fuchko Trustee 1.00 X 0 0 0 Janet Davis Secretary 1.00 X X 0 0 0 Wade Buford Trustee 1.00 X 0 0 0 0 0 0 0 0 0 0 0 Rental of Real Property 531110 5740532 5740532 5740532 218412 218412 326308 558717 -232409 -232409 -232409 5509379 4051287 4876078 5035803 633301 -984516 -351215 -351215 Miscellaneous 900099 55314 55314 55314 5430634 5795846 -232409 -132803 44795 44795 45661 45661 157602 64597 93005 54652 17932 36720 15536 15536 26801 26801 31700 31700 18081 18081 17645 17645 45 45 42285 42285 9013 9013 218 218 1098645 1098645 2084427 2084427 257049 249954 7095 Taxes and Licenses 208073 208073 Amortization 195407 195407 Repairs and Maintenance 193727 193727 Bank Fees 115004 115004 71859 59277 12582 4688225 4259119 429106 0 591987 2322408 5174527 1687711 995854 781374 2052924 1971627 10069 21000 69719561 34348289 41736971 35371272 5519874 24301675 24018963 80383881 66174355 19492126 19401573 1219 1219 28149295 14413348 7257472 6918218 260900 264650 55161012 40999008 X 25222869 25175347 25222869 25175347 80383881 66174355 742409 -789931 0 X X 0 1 X 1 0 X 497000 1109257 1606257 5471196 5574362 5607794 5709911 5740532 28103795 5968196 6683619 5607794 5709911 5740532 29710052 0 0 0 29710052 144423 155992 205906 258093 218412 982826 144423 155992 205906 258093 218412 982826 3117 5415 557 192489 55314 256892 6115736 6845026 5814257 6160493 6014258 30949770 0.95990 0.96390 0.03180 0.02950 X 6876185 6876185 49270234 26915532 22354702 12291642 6159797 6131845 7422 7422 0 1274078 1265538 8540 35371272 Other Assets 2444 Property Held for Development 23864872 Construction in progress 151647 24018963 Accrued Interest 59450 Accrued Taxes 205200 264650 X 5186376 -789931 558717 -231214 5417590 18081 -5037 13044 5430634 5233899 558717 558717 4675182 18081 -5038 13043 4688225 Part X, Line 2: The Foundation has not identified any uncertainties with respect to income tax positions for the year ended July 31, 2023. Accordingly, no provision for interest or penalties related to unrecognized tax benefits has been made in the accompanying financial statements. In addition, the Foundation's information for 2020 - 2023 is eligible to be examined by the state and federal taxing jurisdictions to which it reports. Part XI, Line 2d - Other Adjustments: Rental expenses 558,717. Part XI, Line 4b - Other Adjustments: Account grouping differences -5,039. rounding 2. Part XII, Line 2d - Other Adjustments: Rental expenses 558,717. Part XII, Line 4b - Other Adjustments: Account grouping differences -5,039. Rounding 1. 0 Columbus State Univerity 4225 University Avenue Columbus GA 31907 586011208 501(c)(3) 44795 0 Scholarships A Development Authority of Columbus Georgia 580201800 2009-07-29 6700000 Theater, Arts & Dance Building 0 0 0 B Development Authority of Columbus Georgia 580201800 2009-07-29 11500000 Rankin Center 0 0 0 C Development Authority of Columbus Georgia 580201800 2010-02-01 18975000 Uptown Student Housing 0 0 0 D Development Authority of Columbus Georgia 580201800 2006-02-09 9180000 On-Campus Parking Deck 0 0 0 A 6700000 127866 58605 6513529 2007 0 0 1 1 B 11500000 62865 11437135 2002 0 0 1 1 C 18975000 280014 672471 18022515 2005 0 0 1 1 D 9180000 493386 410535 8276079 2006 0 0 1 1 A 0 0 0 0 0 0 0 B 0 1 0 0 0.34190 0.34190 0 0 0 C 0 1 0 0 0.11310 0.11310 0 0 0 D 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 0 0 B 0 0 0 0 1 0 0 0 0 C 0 0 0 0 1 0 0 0 0 D 0 0 0 0 1 0 0 0 0 A 0 B 0 C 0 D 0 Form 990, Part VI, Section B, line 11b The Controller e-mails a completed copy of the 990 to the members of the Board of Trustees for their personal review after the return is filed. Any questions or concerns are addressed by the Controller. Form 990, Part VI, Section B, line 12c The board monitors the policy anually. If a member has a conflict of interest, they are requested to abstain from voting on the topic. Form 990, Part VI, Section B, line 15b Salaries are reviewed annually by the board. Form 990, Part VI, Section C, line 19 The organization makes its information available to the public upon request. Form 990, Part XI, line 2c There have been no changes in the process of overseeing the audit or selection of the auditor. FCP I LLC 4225 University Ave Columbus GA 31904 743163692 Debt Holding GA Foundation Properties Inc University Properties Inc 4225 University Ave Columbus GA 31904 582591938 Debt Holding GA Foundation Properties Inc