Georgia Southern University Athletic Foundation Inc

EIN: 581485954 501(c)(3)

Statesboro, GA

Total Revenue
$11,378,476
Total Expenses
$11,322,673
Total Assets
$64,637,249
Net Assets
$30,856,311
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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
GA
Principal Officer
Trip Addison
Phone
9124785519
Tax Period
2024-07-01 to 2025-06-30

Georgia Southern University Athletic Foundation Inc, founded in 1981, is a mid-sized nonprofit that reported $11.4M in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Net assets of $30.9M represent 33 months of operating reserves.

Mission

The mission of the Georgia Southern University Athletic Foundation, Inc. is to provide financial support for athletic scholarships, facilities and staff enhancement for the Athletic Department of Georgia Southern University. Additionally, the Foundation provides communication and services for all Friends of Eagles athletics. All of the activities of the Foundation are conducted with the highest regard for academic and athletic excellence and within the guidelines established by the University System of Georgia Board of Regents, conference affiliations, and the National Collegiate Athletic Association.

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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 $7,896,336
Program Service Revenue $1,957,467
Investment Income $742,251
Other Revenue $782,422
TOTAL REVENUE $11,378,476

Expense Breakdown

Grants Paid $7,955,733
Salaries & Benefits $0
Fundraising Expenses $572,229
Program Expenses $9,640,099
Other Expenses $3,366,940
TOTAL EXPENSES $11,322,673

Year-over-Year Comparison

2024 2023 Change
Revenue $11,378,476 $15,325,940 -0.3%
Expenses $11,322,673 $9,022,490 +0.3%
Net Income $55,803 $6,303,450 -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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Governance

Voting Members
29
Independent Members
28
Employees
7
Volunteers
25

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
7
$527,620
Total Directors
29
$292,124
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Trip Addison President, Ex-officio 20.00
Officer Director
$247,811 $44,313 $292,124
Bryan Burke Chair 0.50
Officer Director
$0 $0 $0
Spence Mullis Chair Elect 0.50
Officer Director
$0 $0 $0
Leonard Bevill Past Chair 0.50
Officer Director
$0 $0 $0
Ron Stalnaker Treasurer 0.50
Officer Director
$0 $0 $0
Chris Davis Ex-Officio Board Member 0.50
Director
$0 $0 $0
Mike Backus Board Member 0.50
Director
$0 $0 $0
John Cornelius Board Member 0.50
Director
$0 $0 $0
Michael Curry Board Member 0.50
Director
$0 $0 $0
Horace Deal Board Member 0.50
Director
$0 $0 $0
Bill Donaldson Board Member 0.50
Director
$0 $0 $0
Marcelo Estrada Board Member 0.50
Director
$0 $0 $0
Carolyn Ethridge Board Member 0.50
Director
$0 $0 $0
Billy Hickman Board Member 0.50
Director
$0 $0 $0
Darryl Hopkins Board Member 0.50
Director
$0 $0 $0
Clay Huckaby Board Member 0.50
Director
$0 $0 $0
Sean Knox Board Member 0.50
Director
$0 $0 $0
Kyle Marrero Board Member 0.50
Director
$0 $0 $0
Cliff McCurry Board Member 0.50
Director
$0 $0 $0
Stephen Milner Ex-Officio Board Member 0.50
Director
$0 $0 $0
Dorline Nelson Board Member 0.50
Director
$0 $0 $0
Kevin Roberson Board Member 0.50
Director
$0 $0 $0
Garrett Smith Board Member 0.50
Director
$0 $0 $0
Jerry Snider Board Member 0.50
Director
$0 $0 $0
Bob Somers Board Member 0.50
Director
$0 $0 $0
Erica Timmons Board Member 0.50
Director
$0 $0 $0
Anthony Tippins Board Member 0.50
Director
$0 $0 $0
Heath Vickers Board Member 0.50
Director
$0 $0 $0
Adam Wickley Board Member 0.50
Director
$0 $0 $0
Craig Brown CFO 20.00
Officer
$131,528 $24,984 $156,512
Allison Ware Executive Director 40.00
Officer
$70,692 $8,292 $78,984
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 $11,378,476 $11,322,673 $64,637,249 $55,803
2024 $15,325,940 $9,022,490 $62,188,801 $6,303,450
2023 $12,035,829 $9,463,129 $55,386,008 $2,572,700
2022 $10,941,210 $5,442,031 $44,746,506 $5,499,179
2021 $6,188,982 $4,662,841 $38,684,310 $1,526,141
2020 $5,461,158 $4,594,584 $35,685,841 $866,574
2019 $5,362,563 $4,882,049 $36,096,319 $480,514
2018 $5,381,101 $4,168,896 $37,541,650 $1,212,205
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