Nonprofit · EIN 58-0706796
MEDICAL COLLEGE OF GEORGIA FOUNDATION INC
Tax-exempt · AUGUSTA, GA 30901
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $28,300,156 | $14,907,357 | $13,392,799 | $419,870,107 | $5,979,545 | $413,890,562 |
| June 30, 2024 | 990 | $17,618,239 | $13,845,038 | $3,773,201 | $382,049,040 | $15,742,807 | $366,306,233 |
| June 30, 2023 | 990 | $16,214,900 | $12,614,609 | $3,600,291 | $348,977,270 | $17,384,443 | $331,592,827 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $21,083,280
- of which government grants
- $240,000
- Program service revenue
- $0
- Investment income
- $7,399,288
- Net rental income
- -$87,359
- Net gain from sales of assets
- $5,146,522
- Net income from fundraising events
- -$95,053
- Other revenue
- -$182,412
Expenses
- Grants and similar amounts paid
- $10,537,103
- Compensation of officers, directors and key employees
- $889,821
- Other salaries and wages
- $573,497
- Salaries, compensation and benefits (total)
- $1,704,921
- Professional fundraising fees
- $0
- Legal fees
- $5,768
- Accounting fees
- $47,539
- Occupancy
- $131,802
- Travel
- $34,587
- Depreciation
- $140,652
- Program services (functional)
- $11,460,883
- Management and general (functional)
- $2,524,873
- Fundraising (functional)
- $921,601
Balance sheet and other
- Total assets, start of year
- $382,049,040
- Total assets, end of year
- $419,870,107
- Total liabilities, end of year
- $5,979,545
- Net assets, end of year
- $413,890,562
- Land, buildings and equipment
- $15,368,572
- Publicly traded securities
- $3,226,945
- Net assets without donor restrictions
- $51,773,964
- Net assets with donor restrictions
- $362,116,598
- Gross unrelated business income
- $868,528
- Gross receipts
- $36,152,761
- Employees
- 15
- Volunteers
- 25
- Year formed
- 1954
- State of legal domicile
- GA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| IAN MERCIER | PRESIDENT/CEO Officer | 40 | $306,740 | $84,228 |
| MARTYN JONES | PACELINE PRESIDENT Officer | 40 | $198,000 | $33,573 |
| ANGELA REES | COO/CFO Officer | 40 | $175,440 | $32,025 |
| JAMES HOLMES | PACELINE VICE PRESIDENT Officer | 40 | $119,900 | $30,342 |
| JOHN ELLINGER | DIRECTORY IT Officer | 40 | $114,800 | $25,063 |
| CHARLES G GREEN JR MD | CHAIRMAN Trustee or director, Officer | 0.3 | $0 | $0 |
| J BENJAMIN DEAL DMD | PAST CHAIRMAN Trustee or director | 0.3 | $0 | $0 |
| LOYD B SCHNUCK JR MD | SECRETARY/TREASURER Trustee or director | 0.3 | $0 | $0 |
| PAUL G TURK MD | VICE CHAIR Trustee or director | 0.3 | $0 | $0 |
| RUSSELL KEEN EDD | EX OFFICIO Trustee or director | 0.3 | $0 | $0 |
| BUFFI G BOYD MD | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| RICHARD M FRANZA PHD | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| MARK ELLISON MD | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| RON SPEARMAN MD | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| CAROLE M HANES DMD | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DON GRANTHAM | DIRECTOR Trustee or director | 0.3 | $0 |
| TAT THOMPSON | DIRECTOR Trustee or director | 0.3 | $0 |
| JOSHUA A LANE MD | DIRECTOR Trustee or director | 0.3 | $0 |
| ELLEN GOODRICH BSN MN | DIRECTOR Trustee or director | 0.3 | $0 |
| MURRAY A FREEDMAN MD | DIRECTOR Trustee or director | 0.3 | $0 |
| JAMES DAVIS MD FACRA | DIRECTOR Trustee or director | 0.3 | $0 |
| TERRI G LOCKHART MD FACP | DIRECTOR Trustee or director | 0.3 | $0 |
| VENDIE HHOOKS MD | DIRECTOR Trustee or director | 0.3 | $0 |
| PENNY HOUSTON | DIRECTOR Trustee or director | 0.3 | $0 |
| A LYNNE BRANNEN II MD FCCP | DIRECTOR Trustee or director | 0.3 | $0 |
| ANIL PURI | DIRECTOR Trustee or director | 0.3 | $0 |
| JULI MEANS | DIRECTOR Trustee or director | 0.3 | $0 |
| JOHN STEWART MD | DIRECTOR Trustee or director | 0.3 | $0 |
990 for the year ended June 30, 2024: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| IAN MERCIER | PRESIDENT/CEO Officer | 40 | $306,740 | $84,228 |
| MARTYN JONES | PRESIDENT - PACELINE RIDE, LLC Officer | 40 | $198,000 | $33,573 |
| ANGELA REES | COO/CFO Officer | 40 | $175,440 | $32,025 |
| JAMES HOLMES | VP - PACELINE RIDE, LLC Highest-paid employee | 40 | $119,900 | $30,342 |
| JOHN ELLINGER | DIRECTOR OF IT Highest-paid employee | 40 | $114,800 | $25,063 |
| CHARLES G GREEN JR MD | CHAIRMAN Trustee or director, Officer | 0.3 | $0 | $0 |
| CAROLE M HANES DMD | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| JULI MEANS | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| A LYNNE BRANNEN II MD FCCP | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| PAUL G TURK MD | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| VENDIE HHOOKS MD | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| TERRI G LOCKHART MD FACP | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| JAMES DAVIS MD FACRA | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| MURRAY A FREEDMAN | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| ELLEN GOODRICH BSN MN | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| JOSHUA A LANE | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| TAT THOMPSON | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| MARK ELLISON MD | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| JOHN STEWART MD | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| RON SPEARMAN MD | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| RICHARD M FRANZA PHD | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| BUFFI G BOYD MD | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| DON GRANTHAM | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| BROOKS KEEL PHD | EX OFFICIO Trustee or director | 0.3 | $0 | $0 |
| J BENJAMIN DEAL DMD | PAST CHAIRMAN Trustee or director, Officer | 0.3 | $0 | $0 |
| LOYD B SCHNUCK JR MD | SECRETARY/TREASURER Trustee or director, Officer | 0.3 | $0 | $0 |
990 for the year ended June 30, 2023: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| IAN S MERCIER | PRESIDENT/CEO Officer | 40 | $272,665 | $61,634 |
| MARTYN JONES | PACELINE PRESIDENT Officer | 40 | $198,000 | $31,849 |
| ANGELA REES | CFO Officer | 40 | $156,875 | $22,648 |
| JAMES HOLMES | VP, PACELINE Highest-paid employee | 40 | $119,900 | $28,857 |
| JOHN ELLINGER | DIRECTOR OF IT Highest-paid employee | 40 | $105,910 | $22,640 |
| TIM KEARNEY | COO Officer | 40 | $102,025 | $17,163 |
| CHARLES G GREEN JR MD | CHAIRMAN Trustee or director, Officer | 0.3 | $0 | $0 |
| LOYD B SCHNUCK JR MD | SECRETARY/TREASURER Trustee or director, Officer | 0.3 | $0 | $0 |
| J BENJAMIN DEAL DMD | PAST CHAIRMAN Trustee or director, Officer | 0.3 | $0 | $0 |
| BROOKS KEEL PHD | EX OFFICIO Trustee or director | 0.3 | $0 | $0 |
| BUFFI G BOYD MD | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| RICHARD M FRANZA PHD | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| SAM W RICHWINE JR MD | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| JUDITH V HODNETT RN MSN | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| RON SPEARMAN MD | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| CAROLE M HANES DMD | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| DON GRANTHAM | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| TAT THOMPSON | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| JOSHUA A LANE MD | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| ELLEN GOODRICH BSN MN | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| MURRAY A FREEDMAN MD | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| JAMES DAVIS MD FACRA | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| TERRI G LOCKHART MD FACP | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| VENDIE HHOOKS MD | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| PAUL G TURK MD | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| A LYNNE BRANNEN II MD FCCP | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 750 ST SEBASTIAN WAY STE 150, AUGUSTA, GA 30901-0000
- Principal officer (990 for 2024)
- IAN S MERCIER, 720 ST SEBASTIAN WAY 150, AUGUSTA, GA 30901
- Signed the 990
- IAN S MERCIER, PRESIDENT/CEO
- Phone
- (706) 823-5500
- Website
- WWW.MCGFOUNDATION.ORG
- Return prepared by
- MAULDIN & JENKINS LLC
Mission
THE MISSON OF THE MEDICAL COLLEGE OF GEORGIA FOUNDATION IS TO IMPROVE THE QUALITY OF LIFE OF THE PEOPLE OF GEORGIA, THE NATION, AND THE WORLD BY SUPPORTING THE ADVANCEMENT OF EDUCATION, RESEARCH, AND PATIENT CARE AT AUGUSTA UNIVERSITY.
Program accomplishments
- THE FOUNDATION SERVES THE NEEDS AND INTERESTS OF THE MEDICAL COLLEGE OF GEORGIA, THE AUGUSTA UNIVERSITY HEALTH SCIENCES CAMPUS AND THE AUGUSTA UNIVERSITY HEALTH SYSTEM. THE FOUNDATION RECEIVES AND ADMINISTERS FUNDS FOR THE SUPPORT AND ENHANCEMENT OF THE MEDICAL COLLEGE OF GEORGIA, THE AUGUSTA UNIVERSITY HEALTH SCIENCES CAMPUS AND THE AUGUSTA UNIVERSITY HEALTH SYSTEM, AND MANAGES INVESTMENTS AND DISTRIBUTED FUNDS IN ACCORDANCE WITH DONOR INSTRUCTIONS AND BOARD OF DIRECTOR'S INTENTIONS FOR GIFTS. THE FOUNDATION PROVIDES SUPPORT FOR FACULTY CHAIRS, RESEARCH IN THE HEALTH SCIENCES FIELDS, SCHOLARSHIPS TO QUALIFIED STUDENTS AND OTHER INSTITUTIONAL PROGRAMS.Expenses $11,460,883 · grants $10,537,103
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 58-0706796
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1959
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $419,870,107
- Income (IRS master file)
- $36,152,761
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $28,300,156 | $14,907,357 | $419,870,107 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $17,618,239 | $13,845,038 | $382,049,040 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $16,214,900 | $12,614,609 | $348,977,270 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $14,423,527 | $12,128,467 | $324,381,172 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-0706796).
Questions about MEDICAL COLLEGE OF GEORGIA FOUNDATION INC
- What is the EIN of MEDICAL COLLEGE OF GEORGIA FOUNDATION INC?
- The employer identification number (EIN) of MEDICAL COLLEGE OF GEORGIA FOUNDATION INC is 58-0706796.
- Is MEDICAL COLLEGE OF GEORGIA FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1959.
- Are donations to MEDICAL COLLEGE OF GEORGIA FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MEDICAL COLLEGE OF GEORGIA FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MEDICAL COLLEGE OF GEORGIA FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MEDICAL COLLEGE OF GEORGIA FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MEDICAL COLLEGE OF GEORGIA FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names IAN S MERCIER.
- Who are the officers and directors of MEDICAL COLLEGE OF GEORGIA FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 28 people; 5 received compensation from the organization, the highest $306,740 (IAN MERCIER, PRESIDENT/CEO).
- How much revenue does MEDICAL COLLEGE OF GEORGIA FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $28,300,156, expenses of $14,907,357 and total assets of $419,870,107 at year end.
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