2024-05-15T16:01:22-05:00 2023-06-30 582663273 SYMPHONA LLP 118 PARK OF COMMERCE DR STE 200 SAVANNAH GA 31405 990 2022-07-01 237305890 SAVANNAH STATE UNIVERSITY FOUNDATION INC AND SUBSIDIARIES SAVA 9123584275 PO BOX 20439 SAVANNAH GA 31404 DR WILLIAM T SIMMONS CHAIRMAN 9123584275 2024-05-14 1 DR WILLIAM T SIMMONS 999009999 0 JOHN A VANDAVEER P01297285 9122381001 2024-05-14 X 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR WILLIAM T SIMMONS PO BOX 20439 SAVANNAH GA 314049707 8793957 0 X WWW.SAVANNAHSTATE.EDU/SSU-FOUNDATION/ X 1972 GA THE PURPOSE OF THE FOUNDATION IS THE ESTABLISHMENT OF FUNDS TO BE USED FOR THE ADVANCEMENT OF SAVANNAH STATE UNIVERSITY AND FOR THE PROMOTION OF THE EDUCATION AND WELFARE OF FACULTY AND STUDENTS. THIS INCLUDES RAISING AND MANAGING FUNDS, PROVIDING SCHOLARSHIPS, AND RENOVATING AND OPERATING STUDENT HOUSING COMPLEXES ON THE CAMPUS. 33 33 0 0 0 0 2003569 2145191 3918235 6525080 29945 67461 0 36792 5951749 8774524 16738 47000 0 0 0 0 0 0 0 4240181 7179226 4256919 7226226 1694830 1548298 89611630 86840344 90520320 85089229 -908690 1751115 X THE PURPOSE OF THE FOUNDATION IS THE ESTABLISHMENT OF FUNDS TO BE USED FOR THE ADVANCEMENT OF SAVANNAH STATE UNIVERSITY AND FOR THE PROMOTION OF THE EDUCATION AND WELFARE OF FACULTY AND STUDENTS. THIS INCLUDES RAISING AND MANAGING FUNDS, PROVIDING SCHOLARSHIPS, AND RENOVATING AND OPERATING STUDENT HOUSING COMPLEXES ON THE CAMPUS. 0 0 5579633 47000 6525080 THE FOUNDATION PRIMARILY EXISTS TO SUPPORT STUDENTS AND ACTIVITIES AT THE UNIVERSITY. THIS FISCAL YEAR THAT SUPPORT WAS PROVIDED BY RAISING FUNDS TO AWARD SCHOLARSHIPS TO UNIVERSITY STUDENTS AND TO PROVIDE SUPPORT TO UNIVERSITY AUXILLARIES. THE FOUNDATION ALSO EXISTS TO PROVIDE STUDENT RESIDENT HOUSING TO THE STUDENTS OF SAVANNAH STATE UNIVERSITY. 5579633 1 0 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 33 33 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 GA X H LEE PERRY II 9123584375 4724 LAROCHE AVENUE SAVANNAH GA 31404 X DR WILLIAM T SIMMONS CHAIRMAN 5.00 X X 0 0 0 LATANGA I ALLEN-FELDER DIRECTOR 1.00 X 0 0 0 HON EMANUEL LARKIN JR TREASURER 1.00 X X 0 0 0 JUDGE BARBARA J MOBLEY SECRETARY 1.00 X X 0 0 0 CYNTHIA ROBINSON ALEXANDER INTERIM PRESIDENT 1.00 X X 0 0 0 MICHELLE A ADAMS MEMBERSHIP CHAIR 1.00 X 0 0 0 WILLIS BLAKE EDD DIRECTOR 1.00 X 0 0 0 CYRUS JACKSON DIRECTOR 1.00 X 0 0 0 MICHAEL A KAIGLER DIRECTOR 1.00 X 0 0 0 WILLIAM T DANIEL JR DIRECTOR 1.00 X 0 0 0 EUGENE FELTON JR JD DIRECTOR 1.00 X 0 0 0 WALTER E GASKIN COMMITTEE CHAIR 1.00 X 0 0 0 ALEX C HABERSHAM DIRECTOR 1.00 X 0 0 0 DR PATRICIA MOSLEY HARRIS VICE CHAIR WOMAN 1.00 X X 0 0 0 JAMES MELVIN DIRECTOR 1.00 X 0 0 0 CAPT BERNARD L JACKSON COMMMITTEE CHAIR 1.00 X 0 0 0 HON EDNA B JACKSON DIRECTOR 1.00 X 0 0 0 DR JIMMIE C JACKSON CHAIRWOMAN EMERITUS 1.00 X 0 0 0 VALERIE L REYNOLDS MD DIRECTOR 1.00 X 0 0 0 JOHN KELLEY FINANCE, INV, AUDIT 1.00 X X 0 0 0 BOBBY LOCKETT COMMUNITY/GOVERNMENT 1.00 X 0 0 0 BARBARA MCGHEE BOOSTER CLUB PRES 1.00 X 0 0 0 RONALD MCGHEE DIECTOR 1.00 X 0 0 0 GLENNERA E MARTIN SPEC. EVENTS COMM. 1.00 X 0 0 0 HAROLD WASHINGTON SSUNAA PRESIDENT 1.00 X 0 0 0 CAROLYN PRICE DIRECTOR 1.00 X 0 0 0 JULIUS SMITH DIRECTOR 1.00 X 0 0 0 DR DANIEL STEPHENSON DIRECTOR 1.00 X 0 0 0 MARILYN S TAYLOR DIRECTOR 1.00 X 0 0 0 ARTHUR J TERRY FUNDRAISING CHAIR 1.00 X 0 0 0 CLEMONTINE WASHINGTON DIRECTOR 1.00 X 0 0 0 MICHAEL D WILLIAMS DIRECTOR 1.00 X 0 0 0 CHARLES G YOUNG MEMBERSHIP CHAIR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 2145191 2145191 STUDENT HOUSING - UNIV 531110 6525080 6525080 6525080 70421 70421 2960 -2960 -2960 -2960 53265 16473 36792 36792 8774524 6525080 0 104253 47000 47000 41678 41678 107663 107663 2844750 2835769 8981 29491 29491 REPAIRS & MAINTENANCE 2639129 2639129 MANAGEMENT & GENERAL 1418066 1418066 BANK CHARGES 70205 70205 PROGRAM SERVICES 28244 28244 7226226 5579633 1646593 0 4489964 5717928 7342 31328 271847 261628 2748 2748 150000 150000 150000 8244728 7061711 76445001 73615001 89611630 86840344 1169733 290760 123151 82905436 80683732 4124340 3028584 2197660 1086153 90520320 85089229 X -908690 1403803 347312 -908690 1751115 89611630 86840344 X 1548298 1111507 X 0 1 X 1 0 X 292490 170963 1844060 2003569 2198456 6509538 292490 170963 1844060 2003569 2198456 6509538 6509538 34934 32180 4219 8760 70421 150514 6660052 20065223 0.97740 0.95260 X 223262 -27780 150 195332 215254 8080 72 223262 169001 46318 65 215254 169243 -171 71 169001 162234 7082 73 169243 0.56314 0.43686 0 0 150000 150000 150000 RESTRICTED BOND PROCEEDS 5915072 F MUTUAL FUNDS 1146639 F 7061711 LEASE RECEIVABLE 73615001 73615001 INTEREST RATE SWAP LIABILITY 1086153 1086153 X 8790997 16473 16473 8774524 0 8774524 7242699 16473 16473 7226226 0 7226226 PART X, LINE 2: THE FASB REQUIRES MANAGEMENT TO ANNUALLY EVALUATE THE FOUNDATION'S TAX POSITIONS, INCLUDING ACCOUNTING AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. FOR THE YEARS ENDED JUNE 30, 2023 AND 2022, MANAGEMENT CONCLUDED THAT NO UNCERTAIN TAX POSITIONS HAD BEEN TAKEN THAT WOULD REQUIRE ADJUSTMENT TO OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES GOLF TOURNAMENT 53265 53265 225 8988 3583 3677 53265 53265 225 8988 3583 3677 16473 36792 1 SCHOLARSHIPS 53 47000 PART III, COLUMN B SCHOLARSHIPS TOTALING $47,000 WERE GRANTED TO 53 INDIVIDUALS AND THE REMAINDER OF THE SCHOLARSHIP FUND WAS GRANTED TO SAVANNAH STATE UNIVERSITY TO ADMINSTER UNDER THEIR SCHOLARSHOP PROGRAMS. A SAVANNAH ECONOMIC DEVELOPMENT AUTHORITY 586001588 80483CGV7 2008-02-27 22975000 TO ENHANCE AN EXISTING APARTMENT COMPLEX AND CONVERT INTO STUDENT HOUSING 1 1 1 B SAVANNAH ECONOMIC DEVELOPMENT AUTHORITY 586001588 2021-06-09 23360000 BOND REFUNDING ISSUE FOR PRIOR BOND ISSUE TO DEVELOP LAND FOR A SPORTS COMP. 0 1 1 C SAVANNAH ECONOMIC DEVELOPMENT AUTHORITY 586001588 2021-10-01 32330000 TO REFUND THE SERIES 2008A BONDS, WHICH WERE USED TO FUND STUDENT HOUSING 1 1 1 A 6400000 22975000 382220 22592780 2008 0 0 1 1 B 1550000 29219699 1341644 451537 2022 1 0 1 1 C 38672429 632400 20787072 515638 16000000 737319 2023 1 1 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 1 FORM 990, PART VI, SECTION A, LINE 2 CHARLES YOUNG - FAMILY ARTHUR TERRY - FAMILY DR. JIMMIE JACKSON - FAMILY FORM 990, PART VI, SECTION B, LINE 11B A DESIGNATED OFFICER/BOARD MEMBER/COMMITTEE OR BOARD ACCOUNTANT WILL REVIEW A DRAFT OF THE FORM 990 IN DETAIL MADE AVAILABLE BY THE PREPARER. AFTERWARDS, A COPY IS MADE AVAILABLE TO THE FULL BOARD FOR THEIR REVIEW AND COMMENT PRIOR TO FILING THE RETURN. A DESIGNATED OFFICER THEN SIGNS THE RETURN AFTER CONSIDERING BOARD COMMENTS (APPROVAL FOR MAILING). FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS MONITORED ANNUALLY BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE BOARD WILL CONSIDER REQUESTS ON A CASE-BY-CASE BASIS FOR INFORMATION BEYOND WHAT IS AVAILABLE IN FORM 1023 (APPLICATION FOR EXEMPT STATUS) AND THE THREE MOST RECENT FORMS 990. ADDITIONAL INFORMATION CAN BE OBTAINED ON WEB SITE HTTP://WWW2.GUIDESTAR.ORG FORM 990, PART XI, LINE 9: CHANGE IN VALUE INTEREST RATE SWAP AGREEMENTS 1,111,507. SSU FOUNDATION REAL ESTATE VENTURES PO BOX 20439 SAVANNAH GA 31404 208874645 REAL EST. GA 2461751 55671867 SSU COMMUNITY DEVELOPMENT I LLC PO BOX 20439 SAVANNAH GA 31404 274028295 REAL EST. GA 4117153 26742150