Nonprofit · EIN 58-1582136
VALDOSTA STATE UNIVERSITY FOUNDATION INC
Tax-exempt · VALDOSTA, GA 31698
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $12,539,851 | $6,255,055 | $6,284,796 | $78,061,411 | $1,093,201 | $76,968,210 |
| June 30, 2024 | 990 | $5,988,101 | $5,613,493 | $374,608 | $70,184,700 | $1,332,200 | $68,852,500 |
| December 31, 2023 | 990 | $5,878,584 | $8,070,347 | -$2,191,763 | $68,424,530 | $831,971 | $67,592,559 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $6,603,901
- Program service revenue
- $915,716
- Investment income
- $5,062,684
- Royalties
- $4,994
- Net rental income
- -$47,444
- Net gain from sales of assets
- $3,281,719
- Other revenue
- -$42,450
Expenses
- Grants and similar amounts paid
- $1,359,688
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,982
- Accounting fees
- $67,585
- Occupancy
- $503,321
- Travel
- $114,700
- Depreciation
- $3,028
- Program services (functional)
- $5,683,344
- Management and general (functional)
- $558,602
- Fundraising (functional)
- $13,109
Balance sheet and other
- Total assets, start of year
- $70,184,700
- Total assets, end of year
- $78,061,411
- Total liabilities, end of year
- $1,093,201
- Net assets, end of year
- $76,968,210
- Land, buildings and equipment
- $1,715,593
- Publicly traded securities
- $74,592,328
- Net assets without donor restrictions
- $5,733,479
- Net assets with donor restrictions
- $71,234,731
- Gross receipts
- $41,848,586
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1963
- 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 | From related orgs |
|---|---|---|---|---|
| RICHARD CARVAJAL | TRUSTEE Trustee or director | 4 | $0 | $304,255 |
| RICK MUNROE | CEO Officer | 40 | $0 | $206,702 |
| JERRY J JENNETT | TRUSTEE Trustee or director | 4 | $0 | $0 |
| BILL COWART | TRUSTEE Trustee or director | 4 | $0 | $0 |
| BUBBA HIGHSMITH | TRUSTEE Trustee or director | 4 | $0 | $0 |
| TIM HARRIS | TRUSTEE Trustee or director | 4 | $0 | $0 |
| TAMMY BORDERS | TRUSTEE Trustee or director | 4 | $0 | $0 |
| ASHLEY BELL | TRUSTEE Trustee or director | 4 | $0 | $0 |
| LYNN MORLEY | TRUSTEE Trustee or director | 4 | $0 | $0 |
| JOE BROWNLEE | TRUSTEE Trustee or director | 4 | $0 | $0 |
| ELIZABETH CLARK-MORRISON | TRUSTEE Trustee or director | 4 | $0 | $0 |
| MARK REGISTER | TRUSTEE Trustee or director | 4 | $0 | $0 |
| CORRINA ROBINSON | TRUSTEE Trustee or director | 4 | $0 | $0 |
| ROBERT L SHANNON JR | TRUSTEE Trustee or director | 4 | $0 | $0 |
| SONYA MERRIMAN | TRUSTEE Trustee or director | 4 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BOB HAGAN | TRUSTEE Trustee or director | 4 | $0 |
| CHUNLEI LIU | TRUSTEE Trustee or director | 4 | $0 |
| TREY SHERWOOD | TRUSTEE Trustee or director | 4 | $0 |
| MIKKI HUDSON WILLS | TRUSTEE Trustee or director | 4 | $0 |
| AIMEE NICOLOSI | ACCOUNTING DIRECTOR Officer | 40 | $0 |
| A PARRISH CLARK JR | PAST-CHAIR Officer | 8 | $0 |
| DAVID A HIERS | CHAIR Officer | 4 | $0 |
| WADE COLEMAN | SECRETARY Officer | 4 | $0 |
| GREG MILLER | TREASURER Officer | 4 | $0 |
990 for the year ended June 30, 2024: 24 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JERRY J JENNETT | TRUSTEE Trustee or director | 4 | $0 |
| RICHARD CARVAJAL | TRUSTEE Trustee or director | 4 | $0 |
| BILL COWART | TRUSTEE Trustee or director | 4 | $0 |
| BUBBA HIGHSMITH | TRUSTEE Trustee or director | 4 | $0 |
| TIM HARRIS | TRUSTEE Trustee or director | 4 | $0 |
| TAMMY BORDERS | TRUSTEE Trustee or director | 4 | $0 |
| ASHLEY BELL | TRUSTEE Trustee or director | 4 | $0 |
| LYNN MORLEY | TRUSTEE Trustee or director | 4 | $0 |
| JOE BROWNLEE | TRUSTEE Trustee or director | 4 | $0 |
| ELIZABETH CLARK-MORRISON | TRUSTEE Trustee or director | 4 | $0 |
| MARK REGISTER | TRUSTEE Trustee or director | 4 | $0 |
| CORRINA ROBINSON | TRUSTEE Trustee or director | 4 | $0 |
| ROBERT L SHANNON JR | TRUSTEE Trustee or director | 4 | $0 |
| SONYA MERRIMAN | TRUSTEE Trustee or director | 4 | $0 |
| BOB HAGAN | TRUSTEE Trustee or director | 4 | $0 |
| CHUNLEI LIU | TRUSTEE Trustee or director | 4 | $0 |
| TREY SHERWOOD | TRUSTEE Trustee or director | 4 | $0 |
| MIKKI HUDSON WILLS | TRUSTEE Trustee or director | 4 | $0 |
| AIMEE NICOLOSI | ACCOUNTING DIRECTOR Officer | 40 | $0 |
| A PARRISH CLARK JR | PAST-CHAIR Officer | 8 | $0 |
| DAVID A HIERS | CHAIR Officer | 4 | $0 |
| WADE COLEMAN | SECRETARY Officer | 4 | $0 |
| GREG MILLER | TREASURER Officer | 4 | $0 |
| RICK MUNROE | CEO Officer | 40 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| RICHARD CARVAJAL | TRUSTEE Trustee or director | 4 | $0 | $352,194 |
| RICK MUNROE | CEO Officer | 40 | $0 | $51,500 |
| JERRY J JENNETT | TRUSTEE Trustee or director | 4 | $0 | $0 |
| BILL COWART | TRUSTEE Trustee or director | 4 | $0 | $0 |
| BUBBA HIGHSMITH | TRUSTEE Trustee or director | 4 | $0 | $0 |
| TIM HARRIS | TRUSTEE Trustee or director | 4 | $0 | $0 |
| TAMMY BORDERS | TRUSTEE Trustee or director | 4 | $0 | $0 |
| ASHLEY BELL | TRUSTEE Trustee or director | 4 | $0 | $0 |
| LYNN MORLEY | TRUSTEE Trustee or director | 4 | $0 | $0 |
| JOE BROWNLEE | TRUSTEE Trustee or director | 4 | $0 | $0 |
| ELIZABETH CLARK-MORRISON | TRUSTEE Trustee or director | 4 | $0 | $0 |
| MARK REGISTER | TRUSTEE Trustee or director | 4 | $0 | $0 |
| CORRINA ROBINSON | TRUSTEE Trustee or director | 4 | $0 | $0 |
| ROBERT L SHANNON JR | TRUSTEE Trustee or director | 4 | $0 | $0 |
| SONYA MERRIMAN | TRUSTEE Trustee or director | 4 | $0 | $0 |
| BOB HAGAN | TRUSTEE Trustee or director | 4 | $0 | $0 |
| CHUNLEI LIU | TRUSTEE Trustee or director | 4 | $0 | $0 |
| TREY SHERWOOD | TRUSTEE Trustee or director | 4 | $0 | $0 |
| MIKKI HUDSON WILLS | TRUSTEE Trustee or director | 4 | $0 | $0 |
| AIMEE NICOLOSI | ACCOUNTING DIRECTOR Officer | 40 | $0 | $0 |
| A PARRISH CLARK JR | PAST-CHAIR Officer | 8 | $0 | $0 |
| DAVID A HIERS | CHAIR Officer | 4 | $0 | $0 |
| WADE COLEMAN | SECRETARY Officer | 4 | $0 | $0 |
| GREG MILLER | TREASURER Officer | 4 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1500 N PATTERSON ST, VALDOSTA, GA 31698-0100
- Principal officer (990 for 2024)
- Rick Munroe, 1500 N Patterson St, Valdosta, GA 31698
- Signed the 990
- Rick Munroe, CEO
- Phone
- (229) 333-5939
- Website
- www.valdosta.edu/adv/fnd
- Return prepared by
- Fowler Holley Rambo & Stalvey PC
Mission
The Foundation exists to support development of educational excellence at Valdosta State University.
Program accomplishments
- The Foundation's primary efforts are directed toward attracting, receiving, investing, managing, and expending gifts and other resources designated for the academic, artistic, athletic, teaching, research, and public service programs of the University.Expenses $4,323,656 · revenue $915,716
- Scholarships to students of Valdosta State University.Expenses $1,359,688 · grants $1,359,688
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
- 58-1582136
- 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
- 1985
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B42I)
- Assets (IRS master file)
- $78,061,411
- Income (IRS master file)
- $41,848,586
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $12,539,851 | $6,255,055 | $78,061,411 | XML |
| 990 | June 2024 | $5,988,101 | $5,613,493 | $70,184,700 | IRS |
| 990 | December 2023 | $5,878,584 | $8,070,347 | $68,424,530 | XML |
| 990 | December 2022 | $4,049,374 | $5,700,840 | $65,880,581 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 58-1582136).
Questions about VALDOSTA STATE UNIVERSITY FOUNDATION INC
- What is the EIN of VALDOSTA STATE UNIVERSITY FOUNDATION INC?
- The employer identification number (EIN) of VALDOSTA STATE UNIVERSITY FOUNDATION INC is 58-1582136.
- Is VALDOSTA STATE UNIVERSITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to VALDOSTA STATE UNIVERSITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VALDOSTA STATE UNIVERSITY 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 VALDOSTA STATE UNIVERSITY 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 VALDOSTA STATE UNIVERSITY 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 VALDOSTA STATE UNIVERSITY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names Rick Munroe.
- Who are the officers and directors of VALDOSTA STATE UNIVERSITY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 24 people; 0 received compensation from the organization.
- How much revenue does VALDOSTA STATE UNIVERSITY FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $12,539,851, expenses of $6,255,055 and total assets of $78,061,411 at year end.
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