GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC

EIN: 581845423 501(c)(3) Education

ATLANTA, GA

Total Revenue
$136,485,742
Total Expenses
$132,252,224
Total Assets
$109,596,166
Net Assets
$42,542,705
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
GA
Principal Officer
DONALD HAMELBERG
Phone
4044133529
Tax Period
2022-07-01 to 2023-06-30

GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC, founded in 1989, is a major nonprofit in the Education sector that reported $136.5M in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $132.3M left a modest 3% surplus.

Mission

DUES WERE PAID ON BEHALF OF THE CHAIR FOR BUSINESS PURPOSES ONLY. THE DUES WERE TREATED AS A NONTAXABLE BENEFIT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $129,606,494
Program Service Revenue $5,279,554
Investment Income $1,204,301
Other Revenue $395,393
TOTAL REVENUE $136,485,742

Expense Breakdown

Grants Paid $123,305,282
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $126,643,620
Other Expenses $8,946,942
TOTAL EXPENSES $132,252,224

Year-over-Year Comparison

2022 2021 Change
Revenue $136,485,742 $122,526,995 +0.1%
Expenses $132,252,224 $115,755,633 +0.1%
Net Income $4,233,518 $6,771,362 -0.4%
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
10
Independent Members
N/A
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
3
$954,216
Total Directors
10
$3,414,213
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIMOTHY DENNING CHAIRPERSON 5.00
Officer Director
$0 $38,274 $372,124
JARED ABRAMSON VICE CHAIR 5.00
Officer Director
$0 $20,794 $220,547
KERRY HEYWARD SECRETARY 5.00
Officer Director
$0 $44,872 $361,545
M BRYAN BLAKE DIRECTOR 1.00
Director
$0 $153,378 $1,024,681
MARGO BRINTON DIRECTOR 1.00
Director
$0 $24,470 $223,070
CANDACE KEMP DIRECTOR 1.00
Director
$0 $20,630 $180,788
NICOLLE PARSONS-POLLARD DIRECTOR 1.00
Director
$0 $33,482 $287,630
SARA ROSEN DIRECTOR 1.00
Director
$0 $41,986 $390,961
ROSE SEVCIK DIRECTOR 1.00
Director
$0 $19,319 $165,058
JACK WILLIAMS DIRECTOR 1.00
Director
$0 $30,480 $187,809
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 No data No data No data No data
2024 No data No data No data No data
2023 $136,485,742 $132,252,224 $109,596,166 $4,233,518
2022 $122,526,995 $115,755,633 $92,517,140 $6,771,362
2021 $103,292,235 $100,554,606 $169,670,407 $2,737,629
2020 $107,272,421 $104,932,866 $146,714,005 $2,339,555
2019 $97,613,634 $95,309,361 $145,302,546 $2,304,273
2018 $99,010,916 $97,682,865 $146,015,394 $1,328,051
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