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Nonprofit · EIN 85-0868798

GRSP FOUNDATION

Tax-exempt · SAVANNAH, GA 31406

Financials

$1.3M$564K2023$1.5M$620K2024
Revenue Expenses · by fiscal year end
Financials of GRSP FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$1,473,070$619,988$853,082$17,696,860$327,610$17,369,250
June 30, 2024990$1,285,672$563,702$721,970$16,653,277$137,109$16,516,168
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$248,248
Program service revenue
$0
Investment income
$1,224,822
Other revenue
$0

Expenses

Grants and similar amounts paid
$550,000
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$550,000
Management and general (functional)
$69,988

Balance sheet and other

Total assets, start of year
$16,653,277
Total assets, end of year
$17,696,860
Total liabilities, end of year
$327,610
Net assets, end of year
$17,369,250
Publicly traded securities
$16,714,118
Net assets without donor restrictions
$4,325,663
Net assets with donor restrictions
$13,043,587
Gross receipts
$1,473,070
Employees
0
Year formed
2020
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.

NameTitleHours / weekCompensation
MIKE ALEXANDERVICE PRESIDE
Trustee or director, Officer
2$0
MICHAEL CHALOUTDIRECTOR
Trustee or director, Officer
2$0
CHERYL HUFFMANSECRETARY
Trustee or director, Officer
2$0
WILLIAM ADKINS JRPRESIDENT
Trustee or director, Officer
2$0
ANDRE MARRIADIRECTOR
Trustee or director, Officer
2$0
ED PRESNELLDIRECTOR
Trustee or director, Officer
2$0
KEN TOWNSEDDIRECTOR
Trustee or director, Officer
2$0
TERI WHITETREASURER
Trustee or director, Officer
2$0
GREG WHITLOCKDIRECTOR
Trustee or director, Officer
2$0
990 for the year ended June 30, 2024: 7 people
NameTitleHours / weekCompensation
ELENI BAFASSECRETARY
Trustee or director, Officer
2$0
JIM DRAKEVICE PRESIDE
Trustee or director, Officer
2$0
JOE JONESDIRECTOR
Trustee or director, Officer
2$0
WILLIAM T ADKINS JRPRESIDENT
Trustee or director, Officer
2$0
BLAKE MCBURNEYDIRECTOR
Trustee or director
2$0
BETH SIKESDIRECTOR
Trustee or director
2$0
HAMSA THOTATREASURER
Trustee or director, Officer
2$0

Address and contacts

Address (IRS master file)
15 E MONTGOMERY CROSSROADS, SAVANNAH, GA 31406-4739
Mailing address (990-N for 2019)
15 E Montgomery Crossroads, Savannah GA 31406
Principal officer (990 for 2024)
WILLIAM ADKINS JR, 200 WHEELER ST, ST MARYS, GA 31558
Principal officer (990-N for 2019)
Terry Gordon, 409 N Peachtree St, Norcross GA 30071
Signed the 990
WILLIAM ADKINS JR, PRESIDENT
Phone
(404) 405-6806
Return prepared by
TILLMAN & TILLMAN LLP

Mission

ORGANIZATION'S MISSION IS TO SUPPORT AND CARRY OUT FUNCTIONS THAT ARE ESSENTIAL AND INTEGRAL TO THE ACCOMPLISHMENT OF THE EXEMPT PURPOSES OF THE GEORGIA ROTARY STUDENT PROGRAM BY ENGAGING IN FUND MANAGEMENT, FUNDRAISING, AND GRANT-MAKING.

990 for the year ended June 30, 2025

Program accomplishments

  • THE ORGANIZATION SUPPORTED THE EXEMPT PURPOSES OF THE GEORGIA ROTARY STUDENT PROGRAM BY ENGAGING IN FUND MANAGEMENT, FUNDRAISING, AND GRANT- MAKING, PROVIDING FUNDING FOR APPROXIMATELY 40 INTERNATIONAL STUDENTS TO SPEND ONE ACADEMIC YEAR IN COLLEGES AND UNIVERSISITIES THROUGHOUT THE STATE OF GEORGIA, AND INTERACTING WITH AMERICAN CITZENS THROUGHOUT THE STATE.
  • THE ORGANIZATION SUPPORTED THE EXEMPT PURPOSES OF THE GEORGIA ROTARY STUDENT PROGRAM BY ENGAGING IN FUND MANAGEMENT, FUNDRAISING, AND GRANT- MAKING, PROVIDING FUNDING FOR APPROXIMATELY 40 INTERNATIONAL STUDENTS TO SPEND ONE ACADEMIC YEAR IN COLLEGES AND UNIVERSITIES THROUGHOUT THE STATE OF GEORGIA, AND INTERACTING WITH AMERICAN CITIZENS THROUGH THE STATE.
    Expenses $550,000 · grants $550,000

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
85-0868798
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
2020
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$17,696,860
Income (IRS master file)
$1,473,070

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$1,473,070$619,988$17,696,860IRS
990June 2024$1,285,672$563,702$16,653,277IRS
990June 2023$941,389$615,259$15,931,307IRS
990June 2022$1,060,324$599,644$15,605,177IRS
990June 2021–––IRS
990-N for 2019
Officer: Terry Gordon
June 30, 2020≤ $50,000 receipts––e-Postcard

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 85-0868798).

Questions about GRSP FOUNDATION

What is the EIN of GRSP FOUNDATION?
The employer identification number (EIN) of GRSP FOUNDATION is 85-0868798.
Is GRSP FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to GRSP FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GRSP FOUNDATION 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 GRSP FOUNDATION 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 GRSP FOUNDATION 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 GRSP FOUNDATION?
The 990 for the year ended June 30, 2025 names WILLIAM ADKINS JR.
Who are the officers and directors of GRSP FOUNDATION?
The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
How much revenue does GRSP FOUNDATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $1,473,070, expenses of $619,988 and total assets of $17,696,860 at year end.

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