MIDDLE GEORGIA STATE UNIVERSITY REAL ESTATE FOUNDATION INC

EIN: 237356941 501(c)(3) Education

MACON, GA

Total Revenue
$2,385,236
Total Expenses
$2,403,261
Total Assets
$48,050,171
Net Assets
$11,000,996
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
GA
Principal Officer
AMANDA FUNCHES
Phone
4787572500
Tax Period
2024-07-01 to 2025-06-30

MIDDLE GEORGIA STATE UNIVERSITY REAL ESTATE FOUNDATION INC, founded in 1973, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. Net assets of $11.0M represent 55 months of operating reserves.

Mission

TO PROVIDE SUPPORT TO MIDDLE GEORGIA STATE UNIVERSITY BY ACQUIRING, DEVELOPING, AND MAINTAINING LAND AND/OR FACILITIES FOR THE BENEFIT OF THE UNIVERSITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,081,368
Investment Income $303,868
Other Revenue $0
TOTAL REVENUE $2,385,236

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,374,210
Other Expenses $2,403,261
TOTAL EXPENSES $2,403,261

Year-over-Year Comparison

2024 2023 Change
Revenue $2,385,236 $1,736,893 +0.4%
Expenses $2,403,261 $1,366,785 +0.8%
Net Income $-18,025 $370,108 -1.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
5
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$745,634
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER BLAKE MGA PRESIDEN 2.00
Officer
$0 $82,401 $367,166
AMANDA FUNCHES MGA EVP 2.00
Officer
$0 $29,750 $208,200
NANCY WHITE MGA VP OF UN 2.00
Officer
$0 $0 $170,268
CLAY CORBITT SECRETARY/TR 2.00
Officer Director
$0 $0 $0
STEPHANIE FOLSOM TRUSTEE 2.00
Director
$0 $0 $0
ROBERT HATCHER JR MGA FOUNDATI 2.00
Director
$0 $0 $0
RONNIE ROLLINS TRUSTEE 2.00
Director
$0 $0 $0
CHARLES E PARKER SR CHAIRMAN 2.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,385,236 $2,403,261 $48,050,171 $-18,025
2024 $1,736,893 $1,366,785 $49,833,573 $370,108
2023 $2,943,316 $1,451,759 $39,828,262 $1,491,557
2022 $4,417,348 $1,449,480 $39,301,200 $2,967,868
2021 $1,709,988 $1,477,245 $37,227,281 $232,743
2019 $701,171 $1,703,366 $38,406,987 $-1,002,195
2018 $-3,116,906 $4,656,145 $101,020,532 $-7,773,051
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