2024-11-04T07:20:02-06:00 2024-06-30 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2023-07-01 237332373 GEORGIA HIGHLANDS COLLEGE FOUNDATION INC GEOR 7068675457 3175 CEDAR TOWN HIGHWAY ROME GA 301613897 LIZ JONES EXECUTIVE DIRECTOR 7068675457 2024-10-28 1 1 MARY JO ALEXANDER P00002534 7709558600 2024-10-28 2023 2024-10-15 13:58:12Z LIZ JONES 3175 CEDAR TOWN HIGHWAY ROME GA 301613897 4450754 0 X N/A X 1993 GA TO BE AN ADVOCATER FOR THE COLLEGE AND TO SEEK, RECEIVE, INVEST, ACCOUNT FOR AND ALLOCATE PRIVATE GIFTS AND CONTRIBUTIONS IN SUPPORT OF GEORGIA HIGHLANDS COLLEGE. THIS HAS BEEN ACCOMPLISHED THROUGH THE REGENTS SCHOLARSHIP GALA USG FOUNDATION, CORPORATE PARTNERSHIP DRIVE, ANNUAL LETTER CAMPAIGN, FACULTY STAFF CAMPAIGN, AND FACE TO FACE MEETINGS WITH DONORS BY THE COLLEGE AND BY GHC FOUNDATION BOARD OF TRUSTEES. 17 15 2 25 0 0 306600 1754641 760191 566581 63069 82835 879 0 1130739 2404057 418715 1074090 0 0 0 0 0 0 25806 388662 507706 807377 1581796 323362 822261 18584278 19432030 13526642 12998805 5057636 6433225 X THE MISSION OF THE FOUNDATION IS TO CULTIVATE, SOLICIT, AND MANAGE PRIVATE SUPPORT FOR THE BENEFIT OF STUDENTS, FACULTY, AND STAFF, PROGRAMS, CAMPUSES AND INSTRUCTIONAL SITES OF GEORGIA HIGHLANDS COLLEGE. THE FOUNDATION IS COMMITTED TO RAISING AWARENESS OF THE COLLEGE AND ITS PROGRAMS, MAXIMIZING FUNDRAISING POTENTIAL, STRATEGICALLY INVESTING THE ENDOWMENT TO ENSURE ITS GROWTH OVER TIME, AND PROVIDING THE NECESSARY CAPITAL AND ENDOWMENT SUPPORT TO OFFER A QUALITY HIGHER EDUCATION EXPERIENCE. 0 0 1472319 1074090 566581 TO PROVIDE SCHOLARSHIPS AND SUPPORT GEORGIA HIGHLANDS COLLEGE. 1472319 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 X 0 0 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 15 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 GA X LIZ JONES 7068675457 3175 CEDAR TOWN HIGHWAY ROME GA 301613897 LIZ JONES SECRETARY, EXECUTIVE DIRECTOR 30.00 X X 64910 0 29739 SARAH BRADFIELD EXECUTIVE DIRECTOR OF DEVELOPMENT 25.00 X X 67245 0 27393 RANDY QUICK CHAIR 1.50 X X 0 0 0 SALLY PLATT TRUSTEE/TREASURER 4.00 X X 0 0 0 GREG PATTON PAST CHAIR 1.50 X 0 0 0 LUKE LESTER TRUSTEE 0.50 X 0 0 0 DAVID CASWELL TRUSTEE 0.50 X 0 0 0 DEE BISHOP TRUSTEE 0.50 X 0 0 0 GAYLAND COOPER TRUSTEE 0.50 X 0 0 0 MARK WEAVER TRUSTEE 0.50 X 0 0 0 MELANIE COLLIER TRUSTEE 0.50 X 0 0 0 STEVE MOORE TRUSTEE 0.50 X 0 0 0 DR LANCE BARRY TRUSTEE 0.50 X 0 0 0 BRYAN HOLLAND TRUSTEE 0.50 X 0 0 0 MARTY SONENSHINE TRUSTEE 0.50 X 0 0 0 MICHAEL TIDWELL TRUSTEE 0.50 X 0 0 0 ANDREW GARNER TRUSTEE 0.50 X 0 0 0 132155 0 57132 0 0 0 1 0 1754641 6171 1754641 INTEREST-DIRECT FINANCING LEASE 531190 491841 491841 RENTAL INCOME FROM COLLEGE 531120 74740 74740 566581 137215 137215 1992317 2046697 -54380 -54380 -54380 2404057 566581 0 82835 945301 945301 128789 128789 36155 36155 33405 33405 32240 6448 25792 1320 1320 2556 194 2348 14 241416 241416 1448 1448 REPAIRS & MAINTENANCE 120432 120432 BOND FEES 8000 8000 DUES & SUBSCRIPTIONS 7882 7882 SUPPLIES AND MATERIALS 7383 7383 15469 11602 3867 1581796 1472319 83671 25806 1349316 1008827 71363 793040 14650 14650 0 0 3378448 4396077 12922766 12420376 862385 813710 18584278 19432030 161297 13506712 12817578 19930 19930 13526642 12998805 X 1089176 473890 3968460 5959335 5057636 6433225 18584278 19432030 822261 553328 0 X X 0 1 X 1 0 X 186000 428772 264194 306600 1754641 2940207 941904 928399 501734 760191 566581 3698809 92164 100103 94764 103100 162680 552811 1220068 1457274 860692 1169891 2483902 7191827 9995 11110 9785 34535 15200 80625 1282578 1282578 9995 11110 9785 34535 1297778 1363203 5828624 123021 130415 139478 69054 137215 599183 123021 130415 139478 69054 137215 599183 361 9 879 1249 1343089 1588050 1000179 1239824 2621117 7792259 0.74800 0.89710 0.07690 0.08850 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: REFUNDS REIMBURSEMENTS - 2020 AMOUNT: $ 361. 2021 AMOUNT: $ 9. 2022 AMOUNT: $ 879. 2023 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3378432 572608 522789 77766 4396063 2996973 112214 317619 48374 3378432 3546987 127980 -411979 266015 2996973 2726112 315066 569301 63492 3546987 2249469 571281 -34534 60104 2726112 0.00883 0.59315 0.39802 0 0 14650 14650 0 0 CAPITAL LEASE RECEIVABLE NET 12420376 F 12420376 BOND INTEREST PAYABLE 19930 19930 X PART X, LINE 2: THE FOUNDATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN 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. GHC STUDENT CENTER, LLC IS TREATED AS A SINGLE MEMBER LLC FOR FEDERAL AND STATE INCOME TAX PURPOSES. SINCE THE FOUNDATION IS THE SOLE MEMBER OF GHC STUDENT CENTER, LLC, ALL INCOME, LOSSES, AND CREDITS ARE REPORTED ON THE FOUNDATION'S INCOME TAX RETURNS. 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. PART V LINE 4 TO PROVIDE SCHOLARSHIPS TO STUDENTS 1 GEORGIA HIGHLANDS COLLEGE 3175 CEDARTOWN HWY ROME GA 30161 581086067 945301 0 INSTITUTIONAL SUPPORT, ATHLETIC PROGRAM SUPPORT, SCHOLARSHIP FUNDING, NURSING PROGRAM FUNDING, AND ALUMNI ASSOCIATION SUPPORT. 1 0 SCHOLARSHIPS 108 128789 TO PAY TUITION, FEES, BOOKS ETC. IN ORDER FOR STUDENT TO COMPLETE COLLEGE COURSES & GRADUATE PART I, LINE 2: APPLICANTS APPLY FOR SCHOLARSHIPS THROUGH THE AWARDSPRING PORTAL, FINANCIAL AID VERIFIES QUALIFYING CRITERIA AND POSTS AWARDS TO THE STUDENT'S BANNER ACCOUNT. THOSE RECONCILIATION SHEETS ARE FORWARDED TO THE BURSAR'S OFFICE FOR THE COLLEGE AND TO THE FOUNDATION OFFICE FOR VERIFICATION. THE BURSAR'S OFFICE VERIFIES THE INFORMATION AND INVOICES THE FOUNDATION FOR THE SCHOLARSHIP FUNDS TO BE APPLIED THROUGH FINANCIAL AID. THE FOUNDATION RECONCILES THE REPORTS FROM FINANCIAL AID AND THE BURSAR'S OFFICE AND RESLOVES ANY DISCREPENCIES PRIOR TO ISSUING A CHECK TO THE COLLEGE FOR SCHOLARSHIP AWARDS. 0 0 0 0 0 0 0 0 0 FORM 990 PART VII EXECUTIVE DIRECTOR LIZ JONES WAS COMPENSATED FOR SERVICES PERFORMED FOR THE FOUNDATION BY GEORGIA HIGHLANDS COLLEGE, AN UNRELATED ORGANIZATION. APROXIMATELY 20% OF HER TIME WAS SPENT WORKING FOR THE FOUNDATION. HER 2023 ANNUAL W-2 COMPENSATION FROM GEORGIA HIGHLANDS COLLEGE WAS $64,910 AND BENEFITS WERE $27,739. THE UNRELATED ORGANIZATION, GEORGIA HIGHLANDS COLLEGE ISSUES PAYCHECKS AND DOES ALL PAYROLL REPORTING. THE FOUNDATION DOES NOT REIMBURSE THE COLLEGE. A SERIES 2021 BARTOW - CARTERSVILLE JOINT DEVELOPMENT AUTHORITY 06962PBH9 2021-06-15 12990000 STUDENT CENTER FACILITY 0 0 0 A 1290000 12672503 317497 12672503 2012 1 0 1 1 A 0 1 1 1 0 0.04000 0.04000 0 0 1 A 1 0 0 0 0 0 A 1 FORM 990 PART V LINES 2A AND 2B ALL INDIVIDUALS PERFORMING DUTIES FOR GEORGIA HIGHLANDS COLLEGE FOUNDATION, INC ARE EMPLOYEES OF GEORGIA HIGHLANDS COLLEGE. THE COLLEGE REPORTS ALL REQUIRED FEDERAL EMPLOYMENT TAX FORMS. FORM 990, PART VI, SECTION B, LINE 11B COMPLETED 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND EXECUTIVE COMMITTEE. AFTER RESOLUTION OF ALL QUESTIONS THE 990 IS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C AT THE BEGINNING OF THE FISCAL YEAR, ALL BOARD MEMBERS ARE REQUIRED TO UPDATE ALL THEIR INFORMATION AND COMPLETE ALL REQUIRED COMPLIANCE FORMS. THE FOUNDATION HAS A BOARD DEVELOPMENT COMMITTEE, WHICH MONITORS BOARD MEMBER ACTIVITY AND IS RESPONSIBLE FOR ASSESSING ANY POTENTIAL CONFLICT OF INTEREST. IF A CONFLICT WERE TO OCCUR, THE BOARD DEVELOPMENT COMMITTEE WOULD BE RESPONSIBLE FOR MAKING A RECOMMENDATION REGARDING NECESSARY ACTION TO THE BOARD FOR A FULL BOARD VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION HAS NO EMPLOYEES. ALL FOUNDATION PERSONNEL IS PROVIDED BY GEORGIA HIGHLANDS COLLEGE AND IS SUBJECT TO THE COLLEGE'S HIRING PROCEDURES. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST AND CAN BE ACCESSED THROUGH ONLINE SITES THAT POST THE ORGANIZATION'S RETURNS. FORM 990 PART XII LINE 2C THERE HAVE BEEN NO CHANGES IN THE AUDIT OVERSIGHT PROCESS. GHC STUDENT CENTER LLC 3175 CEDARTOWN HIGHWAY SE ROME GA 30161 237332373 ISSUANCE OF TAX-EXEMPT REVENUE BONDS CAPITAL LEASES AND RENTAL AGREEMENTS GA 566581 13277418 GEORGIA HIGHLANDS COLLEGE FOUNDATION