Nonprofit · EIN 58-6033185
GEORGIA STATE UNIVERSITY FOUNDATION INC
Tax-exempt · ATLANTA, GA 30302
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $91,574,733 | $64,760,206 | $26,814,527 | $565,653,579 | $126,548,719 | $439,104,860 |
| June 30, 2024 | 990 | $51,589,373 | $45,910,245 | $5,679,128 | $534,177,903 | $139,161,915 | $395,015,988 |
| June 30, 2023 | 990 | $75,121,053 | $41,786,024 | $33,335,029 | $505,025,039 | $142,360,042 | $362,664,997 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $49,862,355
- Program service revenue
- $19,508,722
- Investment income
- $22,319,432
- Royalties
- $794
- Net gain from sales of assets
- $12,837,063
- Net income from fundraising events
- -$155
- Other revenue
- -$115,776
Expenses
- Grants and similar amounts paid
- $39,990,739
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $190,834
- Legal fees
- $22,146
- Accounting fees
- $110,821
- Occupancy
- $4,587,977
- Travel
- $1,493,919
- Depreciation
- $670,618
- Program services (functional)
- $62,473,532
- Management and general (functional)
- $1,171,357
- Fundraising (functional)
- $1,115,317
Balance sheet and other
- Total assets, start of year
- $534,177,903
- Total assets, end of year
- $565,653,579
- Total liabilities, end of year
- $126,548,719
- Net assets, end of year
- $439,104,860
- Land, buildings and equipment
- $13,046,500
- Publicly traded securities
- $197,497,677
- Net assets without donor restrictions
- $47,368,948
- Net assets with donor restrictions
- $391,735,912
- Gross unrelated business income
- $786,471
- Gross receipts
- $160,207,543
- Employees
- 0
- Volunteers
- 36
- Year formed
- 1958
- 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 |
|---|---|---|---|---|
| CHERYL HARRELSON | PRESIDENT & VP OF UNIVERSITY ADVANCEMENT Trustee or director, Officer | 20 | $275,616 | $29,043 |
| TABATHA MICHEL | GSUF INTERIM PRESIDENT/ AVP Officer | 20 | $251,384 | $31,479 |
| CHRIS BURGE | AVP ADVANCEMENT INFOSYS/TECH Highest-paid employee | 40 | $191,471 | $69,398 |
| DALE PALMER | GSUF ASSISTANT TREASURER/CFO Officer | 35 | $216,330 | $40,469 |
| Holly Sailers | Comptroller Highest-paid employee | 40 | $147,746 | $40,411 |
| FELICIA THOMAS | GSUF ASST. SECRETARY Officer | 20 | $61,594 | $33,806 |
| Telly Mcgaha | GSUF Interim President/AVP Officer | 20 | $61,886 | $6,545 |
| KEVIN E LOFTON | GSUF Board Chair/Trustee Trustee or director, Officer | 1 | $0 | $0 |
| MARY STOKES | Vice Chair/Chair, Investment/Trustee Trustee or director, Officer | 1 | $0 | $0 |
| REGYNALD G WASHINGTON | Secretary/Trustee Trustee or director, Officer | 1 | $0 | $0 |
| URSULA GODOY-ARBELAEZ | Treasurer & Chair, Finance Committee/Trustee Trustee or director, Officer | 1 | $0 | $0 |
| AILEEN B VALIANOS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ALFRED AL MCRAE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ALISON B JONES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ALLISON POWELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
24 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTOPHER CHAN | TRUSTEE Trustee or director | 1 | $0 |
| DAN KRAUSE | TRUSTEE Trustee or director | 0.3 | $0 |
| DR GRIMES | TRUSTEE Trustee or director | 0.3 | $0 |
| ERIKA MEINHARDT | TRUSTEE Trustee or director | 1 | $0 |
| ESMAEL HILL | Chair, Real Estate Committee/Trustee Trustee or director | 1 | $0 |
| Fabiola Charles-Stokes | Trustee Trustee or director | 1 | $0 |
| FELICIA M MAYFIELD | Chair, Development/Trustee Trustee or director | 1 | $0 |
| FRANK H BOYKIN | Immediate Past Board Chair/Trustee Trustee or director | 1 | $0 |
| JANINE BOWEN | Chair, Nov & Gov/Trustee Trustee or director | 1 | $0 |
| KIMBERLY REED | TRUSTEE Trustee or director | 1 | $0 |
| KIMBERLY S HIXON | Chair, Audit Committee/Trustee Trustee or director | 1 | $0 |
| L JARED ABRAMSON | EX-OFFICIO & GSU EVP & COO Trustee or director | 1 | $0 |
| M BRIAN BLAKE | EX-OFFICIO TRUSTEE & GSU PRESIDENT Trustee or director | 1 | $0 |
| MARK C ADAMS | TRUSTEE Trustee or director | 1 | $0 |
| NANCY R MANSFIELD | TRUSTEE Trustee or director | 0.3 | $0 |
| NEDA A BARQAWI | TRUSTEE Trustee or director | 1 | $0 |
| NIKITA J TRIVEDI | TRUSTEE Trustee or director | 1 | $0 |
| PATRICK KO | TRUSTEE Trustee or director | 1 | $0 |
| PAULA STEPHENS | TRUSTEE Trustee or director | 0.3 | $0 |
| RANDALL KENT | Ex-Officio (Alumni Association Board Chair)/Trustee Trustee or director | 1 | $0 |
| SABRINA SANDERS | TRUSTEE Trustee or director | 1 | $0 |
| SUSAN ECKERT | TRUSTEE Trustee or director | 1 | $0 |
| TERRANCE ROGERS | TRUSTEE Trustee or director | 1 | $0 |
| TRACY L DANIELS | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 43 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TELLY MCGAHA | GSUF INTERIM PRESIDENT/ AVP Officer | 40 | $234,209 | $37,451 |
| TABATHA MICHEL | GSUF INTERIM PRESIDENT/ AVP Trustee or director, Officer | 40 | $237,357 | $31,416 |
| CHRIS BURGE | AVP ADVANCEMENT INFOSYS/TECH Highest-paid employee | 40 | $186,654 | $64,719 |
| DALE PALMER | GSUF ASSISTANT TREASURER/CFO Officer | 40 | $209,084 | $38,030 |
| JASON KAHN | FORMER INTERIM PRESIDENT Former | 40 | $136,720 | $20,997 |
| FELICIA THOMAS | GSUF ASST. SECRETARY Officer | 40 | $67,936 | $23,880 |
| CHERYL HARRELSON | PRESIDENT & VP OF UNIVERSITY ADVANCEMENT(APRIL - J Trustee or director, Officer | 0.25 | $0 | $0 |
| FRANK H BOYKIN | FOUNDATION BOARD CHAIR / TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| KEVIN E LOFTON | VICE CHAIR/CHAIR, NOMINATING & GOVERNANCE/TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| JOSEPH W REINKEMEYER | TREASURER & CHAIR, FINANCE COMMITTEE / TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| REGYNALD G WASHINGTON | SECRETARY / TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| M BRIAN BLAKE | EX-OFFICIO TRUSTEE & GSU PRESIDENT Trustee or director | 1 | $0 | $0 |
| L JARED ABRAMSON | EX-OFFICIO & GSU VP FIN/AD Trustee or director | 1 | $0 | $0 |
| R TODD SHUTLEY | IMMEDIATE PAST BOARD CHAIR / TRUSTEE Trustee or director | 1 | $0 | $0 |
| NEDA A BARQAWI | CHAIR, DEVELOPMENT COMMITTEE / TRUSTEE Trustee or director | 1 | $0 | $0 |
| ESMAEL HILL | CHAIR, REAL ESTATE COMMITTEE / TRUSTEE Trustee or director | 1 | $0 | $0 |
| KIMBERLY S HIXON | CHAIR, AUDIT COMMITTEE / TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARY STOKES | CHAIR, INVESTMENT COMMITTEE / TRUSTEE Trustee or director | 1 | $0 | $0 |
| RANDALL KENT | EX OFFICIO(ALUMNI ASSOCIATION BOARD CHAIR)/TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK C ADAMS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ALBA C BAYLIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JANINE BOWEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER CHAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TRACY L DANIELS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SUSAN ECKERT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| URSULA GODOY-ARBALAEZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR GRIMES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ALISON B JONES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PATRICK KO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DANIEL J KRAUSE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN W LUNDEEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NANCY R MANSFIELD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FELICIA M MAYFIELD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ALFRED AL MCRAE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| J GARY MEGGS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ERIKA MEINHARDT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ALLISON POWELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KIMBERLY REED | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TERRANCE ROGERS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SABRINA SANDERS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAULA E STEPHAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NIKITA J TRIVEDI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| AILEEN B VALIANOS | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 41 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JASON KAHN | FOUNDATION PRESIDENT-PARTIAL YEAR Trustee or director, Officer | 40 | $343,157 | $16,795 |
| DALE PALMER | GSUF ASSISTANT TREASURER/CFO - AVP GSU Officer | 40 | $204,067 | $55,294 |
| TELLY MCGAHA | INTERIM FOUNDATION PRESIDENT Trustee or director, Officer | 40 | $171,411 | $50,797 |
| MILDRED GARMON | COMPTROLLER Highest-paid employee | 40 | $152,958 | $35,168 |
| DONNA NICHOLS | ASSISTANT SECRETARY Officer | 40 | $62,484 | $37,004 |
| FELICIA THOMAS | INTERIM ASST SECRETARY Officer | 40 | $61,482 | $25,741 |
| FRANK BOYKIN | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| NEDA BARQAWI | SECRETARY & TRUSTEE Trustee or director, Officer | 2 | $0 | $0 |
| KEVIN LOFTON | VICE CHAIR & TRUSTEE Trustee or director, Officer | 2 | $0 | $0 |
| BRIAN BLAKE | EX-OFFICIO TRUSTEE & GSU PRESIDENT Trustee or director | 5 | $0 | $0 |
| JARED ABRAMSON | EX OFFICIO & GSU VP FIN/AD Trustee or director | 1 | $0 | $0 |
| CATHY SCARVER | EX-OFFICIO ALUMNI BOARD CHAIR Trustee or director | 1 | $0 | $0 |
| TODD SHUTLEY | TRUSTEE & PAST CHAIR Trustee or director | 2 | $0 | $0 |
| AILEEN VALIANOS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ALISON JONES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ERIKA MEINHARDT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FELICIA MAYFIELD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ALBA BAYLIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID DEETER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TRACY DANIELS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAULA STEOHAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PATRICK KO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| AL MCRAE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN LUNDEEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NANCY REEVES MANSFIELD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GARY MEGGS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DANIEL O'LEARY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOSEPH REINKEMEYER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| CHRIS CHAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| D R GRIMES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ESMAEL HILL | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MICHAEL LAWLINGS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| REGYNALD WASHINGTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SABRINA SANDERS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARY STOKES | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KIMBERLEY HIXON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DANIEL KRAUSE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MEREDITH LEAPLEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TERRENCE ROGERS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TRACY JONES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRAD FERRER | EX OFFICIO TRUSTEE & EMERITI CHAIR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 3963, ATLANTA, GA 30302-3963
- In care of
- % HOLLY SAILERS
- Principal officer (990 for 2024)
- Cheryl Harrelson, PO Box 2668, Atlanta, GA 303012668
- Signed the 990
- Cheryl Harrelson, President
- Phone
- (404) 413-3402
- Website
- WWW.GSUFOUNDATION.ORG
- Return prepared by
- Mauldin & Jenkins LLC
Mission
The Georgia State University Foundation serves as an ambassador of Georgia State University, supporting and assisting the university in achieving its mission through the identification, cultivation, solicitation, and stewardship of gifts and by collaborating and advising on activities for the benefit and advancement of the university.
Program accomplishments
- PROGRAM SUPPORT: THE GSU FOUNDATION PROVIDED THE UNIVERSITY SUPPORT FOR EDUCATION, FACILITIES, ACTIVITIES, AND PROGRAMS OF THE UNIVERSITY. PRIVATE GIFT SUPPORT HELPS PROVIDE SPACE, ENVIRONMENT AND TECHNOLOGIES THAT PROMOTE THE HIGHEST LEVEL OF TEACHING, LEARNING, AND RESEARCH.Expenses $42,215,520 · grants $19,732,727 · revenue $18,823,391
- STUDENT SUPPORT: THE GSU FOUNDATION PROVIDED THE UNIVERSITY SUPPORT FOR STUDENTS. STUDENTS RECEIVED BOTH MERIT AND NEED BASED SCHOLARSHIP SUPPORT ACROSS ALL PROGRAMS AND UNITS OF THE UNIVERSITY. PRIVATE GIFT SUPPORT IS CRITICAL TO REACHING OUR GOAL OF HAVING ALL WILLING STUDENTS ABLE TO EXPLORE THEIR EDUCATIONAL OPPORTUNITIES, EXPERIENCE COLLEGE LIFE, AND EFFICIENTLY MANAGE TUITION COSTS AND DEBT LOADS.Expenses $10,909,620 · grants $10,909,620
- FACULTY AND STAFF SUPPORT: UNIVERSITY FACULTY AND STAFF RECEIVED ADDITIONAL SUPPORT ALLOWING FOR INCREASED RESEARCH OPPORTUNITIES AND IMPROVED CLASSROOM EXPERIENCES FOR ALL STUDENTS. PRIVATE GIFT SUPPORT HELPS MEET THE UNIVERSITY'S GOAL TO ATTRACT AND RETAIN WORLD CLASS FACULTY TO TEACH OUR STUDENTS AND EXPAND OUR RESEARCH.Expenses $9,348,392 · grants $9,348,392
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
- 58-6033185
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1961
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $565,653,579
- Income (IRS master file)
- $160,207,543
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $91,574,733 | $64,760,206 | $565,653,579 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $51,589,373 | $45,910,245 | $534,177,903 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $75,121,053 | $41,786,024 | $505,025,039 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $89,649,877 | $33,855,304 | $466,073,205 | 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 58-6033185).
Questions about GEORGIA STATE UNIVERSITY FOUNDATION INC
- What is the EIN of GEORGIA STATE UNIVERSITY FOUNDATION INC?
- The employer identification number (EIN) of GEORGIA STATE UNIVERSITY FOUNDATION INC is 58-6033185.
- Is GEORGIA STATE UNIVERSITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1961.
- Are donations to GEORGIA STATE UNIVERSITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GEORGIA 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 GEORGIA 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 GEORGIA 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 GEORGIA STATE UNIVERSITY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names Cheryl Harrelson.
- Who are the officers and directors of GEORGIA STATE UNIVERSITY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 39 people; 7 received compensation from the organization, the highest $275,616 (CHERYL HARRELSON, PRESIDENT & VP OF UNIVERSITY ADVANCEMENT).
- How much revenue does GEORGIA STATE UNIVERSITY FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $91,574,733, expenses of $64,760,206 and total assets of $565,653,579 at year end.
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