2025-06-16T13:42:24-05:00 2024-07-31 582283283 Dougherty McKinnon & Luby LLC 2521 Brookstone Centre Pkwy Columbus GA 31904 990 2023-08-01 581940977 Foundation Properties Inc FOUN 7065653640 4225 University Avenue Columbus GA 319075645 Mitch Watkins Executive Director 7065653640 2025-06-09 1 0 Erica D Chestnutt P00931402 7064949630 2023 2025-03-06 01:10:19Z Mitch Watkins 4225 University Ave Columbus GA 31907 12549722 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 -203384 0 0 0 5740532 4141190 -132803 -3343318 -177095 -202283 5430634 595589 44795 28123 0 0 273451 287620 0 0 0 4369979 3983315 4688225 4299058 742409 -3703469 66174354 37846619 40999007 16374743 25175347 21471876 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 3951111 28123 4141190 Holding, management and contribution of real property in support of Columbus State University. 1101 Miscellaneous income primarily consisting of parking fees and application fees for student housing. 3951111 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 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 Treasurer 1.00 X X 0 0 0 Stuart Rayfield CSU President 1.00 X 0 0 0 Mat Swift Trustee 1.00 X 0 0 0 Bill Reaves Trustee 1.00 X 0 0 0 Todd Schuster Chair 1.00 X X 0 0 0 Will Peek Trustee 1.00 X 0 0 0 Ron Thomas Vice Chair 1.00 X X 0 0 0 Will White Trustee 1.00 X 0 0 0 Brenda Williams 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 Matt Prielozny Trustee 1.00 X 0 0 0 0 0 0 0 0 0 0 0 Rental of Real Property 531110 4141190 4141190 4141190 176608 176608 53040 256424 -203384 -203384 -203384 1 8177782 0 11697709 1 -3519927 -3519926 -3519926 Miscellaneous 900099 1101 1101 1101 595589 622365 -203384 176608 28123 28123 121594 121594 95729 49447 46282 54095 16643 37452 16202 16202 57317 57317 31500 31500 2119 2119 5450 5450 529 529 261 261 51430 51430 2831 2831 32 32 538723 538723 1438204 1438204 175752 168699 7053 Donations 1149406 1149406 Taxes and Licenses 204781 204781 Repairs and Maintenance 174160 174160 Amortization 95492 95492 55328 36003 19325 4299058 3951111 347947 0 2322408 338759 1687711 4753310 2281374 1284530 471626 452366 21000 7916 44325746 21479157 35371272 22846589 24018963 8163149 66174354 37846619 19401572 3823788 1219 3302 14413348 8389792 6918218 4010000 264650 147861 40999007 16374743 X 25175347 21471876 25175347 21471876 66174354 37846619 X -3703469 -2 X X 0 1 X 1 0 X 1109257 1109257 5574362 5607794 5709911 5740532 4141190 26773789 6683619 5607794 5709911 5740532 4141190 27883046 0 0 0 27883046 155992 205906 258093 218412 176608 1015011 155992 205906 258093 218412 176608 1015011 5415 557 192489 55314 1101 254876 6845026 5814257 6160493 6014258 4318899 29152933 0.95640 0.95990 0.03480 0.03180 X 5400853 5400853 34994961 19063574 15931387 3381224 1869736 1511488 548708 545847 2861 22846589 Property Held for Development 7936531 Construction in progress 226618 8163149 Accrued Interest 70129 Accrued Taxes 77732 147861 X 982144 256424 256424 725720 2119 -132250 -130131 595589 4685614 256424 256424 4429190 2119 -132251 -130132 4299058 Part X, Line 2: The Foundation has not identified any uncertainties with respect to income tax positions for the year ended July 31, 2024. 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 2021 - 2024 is eligible to be examined by the state and federal taxing jurisdictions to which it reports. Part XI, Line 2d - Other Adjustments: Rental expenses 256,424. Part XI, Line 4b - Other Adjustments: Account grouping differences -132,250. rounding Part XII, Line 2d - Other Adjustments: Rental expenses 256,424. Part XII, Line 4b - Other Adjustments: Account grouping differences -132,250. Rounding -1. 0 Columbus State Univerity 4225 University Avenue Columbus GA 31907 586011208 501(c)(3) 28123 0 Scholarships A Development Authority of Columbus Georgia 580201800 2010-02-01 18975000 Uptown Student Housing 0 0 0 B Development Authority of Columbus Georgia 580201800 2006-02-09 9180000 On-Campus Parking Deck 0 0 0 A 18975000 280014 672471 18022515 2005 0 0 1 1 B 9180000 493386 410535 8276079 2006 0 0 1 1 A 0 1 0 0 0.11310 0.11310 0 0 0 B 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 A 0 B 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 9: rounding -2. 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