2024-04-29T10:39:17-05:00 2023-06-30 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2022-07-01 586056464 UNIVERSITY OF WEST GEORGIA FOUNDATION INC UNIV 6788396447 1903 MAPLE STREET CARROLLTON GA 30118 ALLYSON BRETCH INTERIM VP, CEO 6788396447 2024-04-25 1 ALLYSON BRETCH XXX-XX-XXXX 1 MARY JO ALEXANDER P00002534 7709558600 2024-04-25 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z GARY KINARD 1903 MAPLE STREET CARROLLTON GA 30118 18942485 0 X HTTP://WWW.WESTGA.EDU/DEVELOPMENT/63.PHP X 1967 GA THE UNIVERSITY OF WEST GEORGIA FOUNDATION, INC. AND SUBSIDIARIES HAVE THE FOLLOWING PROGRAM MISSIONS:1 - STUDENT SCHOLARSHIPS AND SUPPORT2 - PROGRAMMATIC AND INSTITUTIONAL SUPPORT3 - STUDENT HOUSING SUPPORT 28 28 17 56 0 0 4671723 14059888 2050089 2215043 3672616 1278455 -4590 1238066 10389838 18791452 4139594 6844471 0 0 0 0 0 0 196803 1583598 1709174 5723192 8553645 4666646 10237807 86140941 98571399 35350658 35147875 50790283 63423524 IT IS THE MISSION OF THE UNIVERSITY OF WEST GEORGIA FOUNDATION, INC. TO SUPPORT THE UNIVERSITY OF WEST GEORGIA IN ITS MISSION TO PROVIDE EXCELLENT HIGHER EDUCATION TO IT CONSTITUENCIES. 0 0 3739637 2865139 1764393 THE UNIVERSITY OF WEST GEORGIA FOUNDATION PROVIDES STUDENT HOUSING ON CAMPUS FOR UNIVERSITY OF WEST GEORGIA STUDENTS. 2164576 2164576 THE UNIVERSITY OF WEST GEORGIA FOUNDATION RAISES PHILANTHROPIC DOLLARS TO FUND MERIT AND/OR NEEDS-BASED SCHOLARSHIPS FOR UNIVERSITY OF WEST GEORGIA STUDENTS AS WELL AS NUMEROUS DEPARTMENTAL, SCHOLASTIC AWARDS. 1868677 1814756 450650 THE UNIVERSITY OF WEST GEORGIA FOUNDATION RAISES PHILANTHROPIC DOLLARS TO FUND DEPARTMENTAL, PROGRAMMATIC AND INSTITUTIONAL SUPPORT AT THE UNIVERSITY OF WEST GEORGIA. 7772890 1 1 0 0 0 0 0 0 0 1 1 0 1 1 1 1 0 1 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 0 1 0 0 0 0 1 X 20 0 1 17 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 0 0 0 GA AR AK CA CO IL ME MD NH NY OH X X THE ORGANIZATION 6788394161 1903 MAPLE STREET CARROLLTON GA 30118 HOLLY SAILERS CFO UWG FOUNDATIONS 16.00 X 41888 0 11722 DR MEREDITH BRUNEN CEO 8.00 X 43253 0 7309 MS ANN NEWMAN TRUSTEE/CHAIR 0.20 X X 0 0 0 MR GARY KINARD TRUSTEE/VICE CHAIR 0.20 X X 0 0 0 MR LUIS A PLANAS TRUSTEE/PAST CHAIR 0.20 X X 0 0 0 MR TIM MARTIN TRUSTEE/SECRETARY 0.20 X X 0 0 0 MR DAVID R EDWARDS INVFIN COM CH TRUSTEE/TREASURER 0.20 X X 0 0 0 DR BRENDAN KELLY EX-OFFICIA UWG PRES 0.10 X 0 0 0 MR BRUCE BOBICK TRUSTEE 0.10 X 0 0 0 MS TONYA BYRD BDC CHAIR TRUSTEE 0.10 X 0 0 0 MR JOSH CHAPMAN TRUSTEE 0.10 X 0 0 0 MR DAVID B DENNIS TRUSTEE 0.10 X 0 0 0 MR BRIAN DILL TRUSTEE 0.10 X 0 0 0 DR RICHARD INGLE TRUSTEE 0.10 X 0 0 0 MRS VICKI KAISER TRUSTEE 0.10 X 0 0 0 MR SCOTT KAUFFMAN REF CH TRUSTEE 0.20 X 0 0 0 MR GERALD KEMP TRUSTEE 0.10 X 0 0 0 MRS AMANDA LUCEY TRUSTEE 0.10 X 0 0 0 MR DENNIS MCENTIRE TRUSTEE 0.10 X 0 0 0 MR FRED O'NEAL TRUSTEE 0.10 X 0 0 0 MR JOHN PAULK III TRUSTEE 0.10 X 0 0 0 MS CHRISTA L PITTS RDC CH TRUSTEE 0.20 X 0 0 0 MR L RICHARD PLUNKETT TRUSTEE 0.10 X 0 0 0 MRS HONEY SHACKLEFORD TRUSTEE 0.10 X 0 0 0 MR ZACH STEED TRUSTEE 0.10 X 0 0 0 MR MICHAEL STONE TRUSTEE 0.10 X 0 0 0 MR STEVE SWOPE TRUSTEE 0.10 X 0 0 0 DR JASON THOGMARTIM AUDIT COM CH TRUSTEE 0.20 X 0 0 0 MR DAVID WARE TRUSTEE 0.10 X 0 0 0 MR JAMES JIM GILL LIFE TIME MEMBER 0.00 X 0 0 0 MR PHILLIP KAUFFMAN LIFE TIME MEMBER 0.00 X 0 0 0 MR ROBERT J STONE LIFE TIME MEMBER 0.10 X 0 0 0 DR BEHERUZ N SETHNA HONORARY 0.10 X 0 0 0 85141 0 19031 0 0 0 1 0 172659 13887229 1461209 14059888 INTEREST ON LEASING 532000 1288873 1288873 LEASING INCOME 532000 475520 475520 ALUMNI TRAVEL PROGRAM 900099 448193 448193 ALL OTHER PROGRAM INCOME 900099 2457 2457 2215043 1100130 1100130 178325 0 178325 178325 178325 60229 172659 151033 -90804 -90804 4710 0 4710 4710 INSURANCE PROCEEDS 900099 1324160 1324160 1324160 18791452 2215043 0 2516521 6713327 6713327 131144 131144 562 562 40820 40820 112239 112239 144999 74118 70881 51922 49144 2778 7500 7500 14718 9822 4896 57393 3603 53790 877358 874498 2860 65838 65838 89449 53921 35528 BAD DEBT 157412 157412 MEALS AND ENTERTAINMENT 75652 13892 61760 MEMBERSHIP AND DUES 6000 6000 RECOGNITION AND AWARDS 4971 2273 2698 2341 2341 8553645 7772890 583952 196803 3195030 4748258 3722389 2138 3316781 11311121 19414 11247 9577 329190 329190 117671 0 35334536 43184137 32451052 30122695 7992235 9174059 86140941 98571399 150640 1809688 6430 19445 33476079 30985275 1717509 2333467 35350658 35147875 X 10725402 11095584 40064881 52327940 50790283 63423524 86140941 98571399 X 10237807 2398413 -2979 X X 0 1 X 1 0 X 5254990 2311323 2413826 4671723 14059888 28711750 1355490 1215029 1147641 1183291 995117 5896568 6610480 3526352 3561467 5855014 15055005 34608318 9948839 24659479 921061 588760 430951 567577 1100130 3608479 312015 99507 109049 31313 1324160 1876044 40092841 11018501 0.61510 0.85060 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2018 AMOUNT: $ 212,015. 2019 AMOUNT: $ 99,507. 2020 AMOUNT: $ 62,334. SUBORDINATE FEE - 2018 AMOUNT: $ 100,000. OTHER INCOME - INSURANCE CLAIM - 2020 AMOUNT: $ 46,715. 2021 AMOUNT: $ 31,313. 2022 AMOUNT: $ 1,324,160. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36331443 2928848 3385622 1731628 40914285 41072359 1189303 -4959349 970870 36331443 30824563 1183815 10070557 1006576 41072359 34436743 788340 -3616174 784346 30824563 33754626 957518 513484 788885 34436743 0.12240 0.70220 0.17540 1 0 329190 329190 0 0 NET INVESTMENTS IN DIRECT FINANCING LEASES 30122695 C 30122695 ACCRUED INTEREST RECEIVABLE 6496 CHARITABLE REMAINDER TRUST 147727 AGENCY CASH 1463830 BENEFICIAL INTEREST IN INSURANCE POLICIES 231524 ASSETS LIMITED TO USE 7324482 9174059 GIFT ANNUITY PAYABLE 102240 FUNDS HELD ON BEHALF OF ATHLETIC FOUNDATION 1463830 CAPITAL LEASE 59747 ACCRUED INTEREST PAYABLE 707650 2333467 X 22220882 2398413 995202 -2979 3390636 18830246 112239 -151033 -38794 18791452 9587641 995202 151033 1146235 8441406 112239 112239 8553645 PART V, LINE 4: THE UNIVERSITY OF WEST GEORGIA FOUNDATION EXISTS TO SUPPORT ACADEMIC EXCELLENCE AT THE UNIVERSITY OF WEST GEORGIA IN TERMS OF STUDENT, FACULTY, AND PROGRAM SUCCESS. ENDOWED GIFTS RECEIVED BY THE UNIVERSITY OF WEST GEORGIA FOUNDATION ARE USED TO ESTABLISH STUDENT SCHOLARSHIPS, ACADEMIC PROGRAMS SUPPORT, FOUNDATION OPERATIONS SUPPORT, AND OTHER PRIORITIES OF THE INSTITUTION. 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. 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. THERE ARE NO UNCERTAIN TAX LIABILITIES RECORDED AS OF 06/30/2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT INTEREST VALUE -2,979. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS FR EXPENSE AGAINST FR REVENUE -151,033. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS FR EXPENSE AGAINST FR REVENUE 151,033. SCHEDULE D, PART X AGENCY RELATIONSHIP: THE PHILANTHROPIC FOUNDATION ACTS AS AGENT ON BEHALF OF THE ATHLETIC FOUNDATION. IN CERTAIN INSTANCES, THE PHILANTHROPIC FOUNDATION COLLECTS CASH FUNDS FROM THE ATHLETIC FOUNDATION TO PAY SCHOLARSHIP EXPENSES AND OTHER OPERATING COSTS ON THEIR BEHALF. IN 2023, THE PHILANTHROPIC FOUNDATION INVESTED MONEY ON BEHALF OF THE ATHLETIC FOUNDATION. AT JUNE 30, 2023, THE RELATED INVESTMENT BALANCE HELD FOR THE ATHLETIC FOUNDATION WAS $1,463,830. THE PHILANTHROPIC FOUNDATION CHARGES AN ADMINISTRATIVE FEE OF 1.25% TO SUPPORT UNRESTRICTED ACTIVITIES ON THESE BALANCES THAT TOTALED $11,822 FOR THE YEAR ENDED JUNE 30, 2023 AND WAS ELIMINATED ON THE ACCOMPANYING COMBINED STATEMENT OF ACTIVITIES. GALA 191383 145905 45478 76569 62063 LIVE ART 39150 24870 14280 10901 1 2355 1884 471 1500 232888 172659 60229 87470 63563 151033 -90804 1 UNIVERSITY OF WEST GEORGIA 1903 MAPLE STREET CARROLLTON GA 30118 586002055 2074270 0 STUDENT SCHOLARSHIPS UNIVERSITY OF WEST GEORGIA 1903 MAPLE STREET CARROLLTON GA 30118 586002055 1501828 0 PROGRAMMATIC & OTHER INSTITUTIONAL SUPPORT UNIVERSITY OF WEST GEORGIA 1903 MAPLE STREET CARROLLTON GA 30118 586002055 222090 0 FACULTY & STAFF COMPENSATION SUPPORT UNIVERSITY OF WEST GEORGIA 1903 MAPLE STREET CARROLLTON GA 30118 586002055 0 2747997 BOOK STUDENT HOUSING IMPROVEMENTS UNIVERSITY OF WEST GEORGIA 1903 MAPLE STREET CARROLLTON GA 30118 586002055 0 117142 BOOK FURNITURE, FIXTURES & MINOR EQUIPMENT CARROLL COUNTY ECONOMIC DEVELOPMENT FOUNDATION 200 NORTHSIDE DRIVE CARROLLTON GA 30117 582589709 25000 0 OPERATIONAL SUPPORT ELEVATE DOUGLAS ECONOMIC DEVELOPMENT CORPORATION INC 8512 BOWDEN STREET DOUGLASVILLE GA 30134 844160312 20000 0 OPERATIONAL SUPPORT 3 0 UNIVERSITY EMPLOYEE FINANCIAL ASSISTANCE 75 93674 VISITING SCHOLARS, ARTISTS, & OTHERS 25 37470 PART I, LINE 2: UWG BUDGET MANAGERS AND/OR DEPARTMENT ASSISTANTS ARE RESPONSIBLE FOR MANAGEMENT OF THEIR RESPECTIVE FOUNDATION PROGRAM AND/OR DEPARTMENT PROJECTS (A GRANT WOULD BE ASSIGNED A PROJECT ID). THESE INDIVIDUALS ARE GIVEN REPORTING ONLY PRIVILEGES FOR THEIR SPECIFIC PROJECTS. THEY PULL THE PROJECT FINANCIAL REPORT FOR THE PROJECT(S) IN QUESTION TO OBTAIN INFORMATION ABOUT CONTRIBUTIONS, REVENUES AND EXPENSES FOR WHATEVER SPECIFIED PERIOD THEY HAVE ENTERED. THEY PREPARE THE POST-GRANT AWARD REPORTS AND FILINGS. ENDOWED AND ANNUAL SCHOLARSHIP PROJECTS ARE MONITORED BY THE FOUNDATION'S SCHOLARSHIP COORDINATOR WHO VERIFIES THAT ALL RECIPIENTS MEET THE DONOR AGREEMENT AWARD CRITERIA WITH EVERY PAYOUT. 0 0 0 0 0 0 0 0 0 FORM 990, PART VII THE UNIVERSITY OF WEST GEORGIA FOUNDATION DOES NOT HAVE ANY W-2 EMPLOYEES. ALL PERSONNEL ASSOCIATED WITH THE FOUNDATION ARE EMPLOYED BY THE UNIVERSITY OF WEST GEORGIA, EIN 58-6002055, AN UNRELATED ORGANIZATION. THE FOUNDATION REIMBURSES THE UNIVERSITY FOR THE COMPENSATION OF TWO STAFF PROVIDING SERVICES TO THE ASSOCIATION. OTHER UNIVERSITY EMPLOYEES, WORKING FOR THE FOUNDATION, HAVE THEIR COMPENSATED SERVICES DONATED TO THE FOUNDATION BY THE UNIVERSITY. DR. MEREDITH BRUNEN, CEO, SPENDS 20% OF HER TIME WITH THE UWG FOUNDATION AND RECEIVED $50,562 OF COMPENSATION AND BENEFITS FROM THE UNIVERSITY OF WEST GEORGIA, FOR SERVICES PROVIDED TO UWG FOUNDATION. HOLLY SAILERS, CFO OF UWG FOUNDATIONS, SPENDS 40% OF HER TIME WITH THE UWG FOUNDATION AND RECEIVED $53,610 OF COMPENSATION AND BENEFITS FROM THE UNIVERSITY OF WEST GEORGIA, FOR SERVICES PROVIDED TO THE UWG FOUNDATION. A CARROLLTON PAYROLL DEVELOP - AKA UWG HOUSING 521375132 145339NE3 2019-03-14 39688213 STUDENT HOUSING 0 0 0 A 5525000 39688213 39004905 683308 2019 1 0 1 1 A 1 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 A 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CARROLLTON PAYROLL DEVELOP - A/K/A UWG HOUSING DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2019 X 5 1303455 FAIR MARKET VALUE X EQUIPMENT/SUPPLIES DONATED FOR CURRICULUM/INSTRUCTION 11 136216 DONOR VALUE X AUCTION ITEMS 15 21538 FAIR MARKET VALUE 0 0 1 1 PART I, COLUMN (B): NUMBER OF CONTRIBUTORS. PART I, LINE 32B: EDWARD JONES AND SYNOVUS SELL CONTRIBUTIONS OF STOCK DONATED TO THE ORGANIZATION. FORM 990 PART I, LINE 5 THE UNIVERSITY OF WEST GEORGIA, (THE "UNIVERSITY") EIN 58-6002055, AN UNRELATED ORGANIZATION, IS THE PAYMASTER FOR ALL UNIVERSITY OF WEST GEORGIA FOUNDATION, (THE "FOUNDATION") EMPLOYEES. SEVENTEEN INDIVIDUALS PROVIDED FULL AND PART-TIME SERVICES TO THE FOUNDATION. THE FOUNDATION REIMBURSES THE UNIVERSITY FOR THE COMPENSATION OF TWO INDIVIDUALS PROVIDING FULL-TIME SERVICES. THE UNIVERSITY DONATES SALARIES AND BENEFITS FOR THE REMAINING 16 INDIVIDUALS. FOR THE YEAR ENDED JUNE 30, 2023 DONATED SALARIES AND BENEFITS TOTALED $953,910. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 IS PRESENTED TO THE AUDIT & ACCOUNTING COMMITTEE OF THE UNIVERSITY OF WEST GEORGIA FOUNDATION BOARD OF TRUSTEES FOR INITIAL REVIEW. IF THERE ARE ANY EDITS OR CORRECTIONS REQUESTED, THEY ARE MADE AND REPRESENTED TO THE COMMITTEE. ONCE THE COMMITTEE APPROVES, THE FORM 990 IS PRESENTED TO THE FULL BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. COPIES OF THE DRAFT FORM 990 ARE MADE AVAILABLE ON THE ELECTRONIC BOARD MEETING PORTAL AS WELL AS IN PAPER. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL CONFLICT OF INTEREST FORMS ARE REQUIRED TO BE COMPLETED BY TRUSTEES. ANY TRUSTEE REFRAINING FROM VOTING ON A PARTICULAR MATTER PURSUANT TO BYLAW PROVISIONS WILL ALSO RECUSE HIMSELF OR HERSELF FROM DISCUSSIONS OR DELIBERATIONS ON THE MATTER. CONFLICT OF INTEREST FORM ARE DISTRIBUTED TO UNIVERSITY OF WEST GEORGIA FOUNDATION INC. BOARD OF TRUSTEES ANNUALLY. THESE ARE REVIEWED ANNUALLY BY MEMBERS OF THE AUDIT & ACCOUNTING COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY OF WEST GEORGIA FOUNDATION, INC. MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE VIA OUR WEBSITE AT ANY TIME, AND ALSO MAILED IF REQUESTED. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST VALUE -2,979. FORM 990 PART XII, LINE 2C NO CHANGES HAVE BEEN MADE TO THE AUDITOR SELECTION PROCESS OR FINANCIAL STATEMENT OVERSIGHT PROCESS. UWG VILLAGE LLC 1903 MAPLE STREET CARROLLTON GA 30118 REAL ESTATE LESSORS GA 0 0 UNIVERSITY OF WEST GEORGIA FOUNDATION INC UWG HOUSING LLC (FKA EVERGREEN COMPLEX LLC) 1903 MAPLE STREET CARROLLTON GA 30118 REAL ESTATE LESSORS GA 3221841 37537039 UNIVERSITY OF WEST GEORGIA FOUNDATION INC SPLIT-INTEREST TRUSTS (2) 1903 MAPLE STREET CAROLLTON GA 30118 TRUST GA T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0