2026-06-10T10:03:03-05:00 2025-07-31 582283283 Dougherty McKinnon & Luby LLC 2521 Brookstone Centre Pkwy Columbus GA 31904 990 2024-08-01 581940977 Foundation Properties Inc FOUN 7065653640 4225 University Avenue Columbus GA 319075645 John Calhoun Executive Director 7065653640 2026-06-08 1 0 Erica D Chestnutt P00931402 7064949630 2024 2025-03-06 01:10:19Z John Calhoun 4225 University Ave Columbus GA 31907 4705618 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 -120218 0 0 0 4141190 3226639 -3343318 968095 -202283 -119607 595589 4075127 28123 22469 0 0 287620 161856 0 0 0 3983315 2224522 4299058 2408847 -3703469 1666280 37846619 38199194 16374743 15061036 21471876 23138158 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 2114798 22469 3226639 Holding, management and contribution of real property in support of Columbus State University. 611 Miscellaneous income primarily consisting of parking fees and application fees for student housing. 2114798 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 4 0 1 0 0 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 Burford 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 3226639 3226639 3226639 214053 214053 120218 -120218 -120218 -120218 1264315 510273 754042 754042 754042 Miscellaneous 900099 611 611 611 4075127 3227250 -120218 968095 22469 22469 128438 44953 83485 24263 8492 15771 9155 9155 7644 7644 31500 31500 109748 109748 248 248 31140 31140 8652 8652 413568 413568 1119053 1119053 169417 163747 5670 Repairs and Maintenance 128037 128037 Taxes and Licenses 119906 119906 Miscellaneous 81914 76245 5669 Management Fees 50669 50669 -46974 -63481 16507 2408847 2114798 294049 0 338759 343854 4753310 5428386 1284530 1564848 452366 483093 7916 53120 43966487 22407247 22846589 21559240 8163149 8766653 37846619 38199194 3823788 4399425 3302 8389792 6944227 4010000 3580000 147861 137384 16374743 15061036 X 21471876 23138158 21471876 23138158 37846619 38199194 X 1666280 2 X X 0 1 X 1 0 X 5607794 5709911 5740532 4141190 3226639 24426066 5607794 5709911 5740532 4141190 3226639 24426066 0 0 0 24426066 205906 258093 218412 176608 214053 1073072 205906 258093 218412 176608 214053 1073072 557 192489 55314 1101 611 250072 5814257 6160493 6014258 4318899 3441303 25749210 0.94860 0.95640 0.04170 0.03480 X 5092030 5092030 34651929 19904553 14747376 3673820 1956010 1717810 548708 546684 2024 21559240 Property Held for Development 7936531 Construction in progress 830122 8766653 Accrued Interest 61105 Accrued Taxes 76279 137384 X 4341526 120218 120218 4221308 -146181 -146181 4075127 2675244 120218 120218 2555026 -146179 -146179 2408847 Part X, Line 2: The Foundation has not identified any uncertainties with respect to income tax positions for the year ended July 31, 2025. 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 2022 - 2025 is eligible to be examined by the state and federal taxing jurisdictions to which it reports. Part XI, Line 2d - Other Adjustments: Rental expenses 120,218. Part XI, Line 4b - Other Adjustments: Account grouping differences -146,179. rounding -2. Part XII, Line 2d - Other Adjustments: Rental expenses 120,218. Part XII, Line 4b - Other Adjustments: Account grouping differences -146,179. Rounding 0 Columbus State Univerity 4225 University Avenue Columbus GA 31907 586011208 501(c)(3) 22469 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