Georgia Southern University Foundation Inc

EIN: 586034031 501(c)(3) Education

Statesboro, GA

Total Revenue
$19,583,607
Total Expenses
$12,347,881
Total Assets
$149,474,950
Net Assets
$148,705,261
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1963
Legal Domicile
GA
Phone
9124785519
Tax Period
2024-07-01 to 2025-06-30

Georgia Southern University Foundation Inc, founded in 1963, is a mid-sized nonprofit in the Education sector that reported $19.6M in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.2M, a strong 37% operating margin.

Mission

The Georgia Southern University Foundation was established in 1963 to receive, manage, and administer private gifts in support of the Georgia Southern University mission and priorities. The Foundation primarily accomplishes this mission by providing leadership in obtaining the resources needed to attain university goals and through responsible stewardship of funds and other assets entrusted to it. The Georgia Southern University Foundation raises, invests, and distributes private dollars needed to fund the programs, projects, scholarships, equipment, and buildings that help Georgia Southern University earn and maintain a reputation for excellence.

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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 $11,575,494
Program Service Revenue $0
Investment Income $7,587,914
Other Revenue $420,199
TOTAL REVENUE $19,583,607

Expense Breakdown

Grants Paid $7,221,878
Salaries & Benefits $0
Fundraising Expenses $965,912
Program Expenses $9,665,703
Other Expenses $5,066,003
TOTAL EXPENSES $12,347,881

Year-over-Year Comparison

2024 2023 Change
Revenue $19,583,607 $13,870,426 +0.4%
Expenses $12,347,881 $15,114,053 -0.2%
Net Income $7,235,726 $-1,243,627 -6.8%
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
27
Independent Members
26
Employees
34
Volunteers
100

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
$448,636
Total Directors
27
$292,124
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dana A Potts Treasurer 1.0
Officer Director
$0 $0 $0
Richard Timothy Evans Jr Secretary 1.0
Officer Director
$0 $0 $0
Stephen Milner Chair 1.0
Officer Director
$0 $0 $0
Trip C Addison President & Ex-Officio 40.0
Officer Director
$247,811 $44,313 $292,124
Ames Barnett Board Member 1.0
Director
$0 $0 $0
Bill Crider Board Member 1.0
Director
$0 $0 $0
Brandon Butler Board Member 1.0
Director
$0 $0 $0
Cedric D Henry Board Member 1.0
Director
$0 $0 $0
Christian Flathman Board Member 1.0
Director
$0 $0 $0
Curtis Williams Ex-Officio 1.0
Director
$0 $0 $0
David H Brooker Board Member 1.0
Director
$0 $0 $0
David Paddison Board Member 1.0
Director
$0 $0 $0
David R Edwards Board Member 1.0
Director
$0 $0 $0
Deborah Nelson Board Member 1.0
Director
$0 $0 $0
Dr Don Aaron Jr Board Member 1.0
Director
$0 $0 $0
Dr John T Hodges Board Member 1.0
Director
$0 $0 $0
Dr Kelley Chester Board Member 1.0
Director
$0 $0 $0
Ellen Bolch Board Member 1.0
Director
$0 $0 $0
Eric Johnson Board Member 1.0
Director
$0 $0 $0
J Ray Hendley Sr Board Member 1.0
Director
$0 $0 $0
James A Van Epps Board Member 1.0
Director
$0 $0 $0
Kash Trivedi Board Member 1.0
Director
$0 $0 $0
Kim Hartsock Board Member 1.0
Director
$0 $0 $0
Preston Etheridge Board Member 1.0
Director
$0 $0 $0
Ronny Just Board Member 1.0
Director
$0 $0 $0
Sharon Ponder Board Member 1.0
Director
$0 $0 $0
Spence Mullis Ex-Officio 1.0
Director
$0 $0 $0
Craig Brown CFO 40.0
Officer
$131,528 $24,984 $156,512
Julie Gerbsch Executive Director of Development 40.0
Highest
$175,253 $16,399 $191,652
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 $19,583,607 $12,347,881 $149,474,950 $7,235,726
2024 $13,870,426 $15,114,053 $136,999,796 $-1,243,627
2023 $11,656,866 $9,915,744 $127,070,383 $1,741,122
2022 $31,814,729 $8,012,885 $116,910,714 $23,801,844
2021 $13,421,593 $7,190,456 $119,816,237 $6,231,137
2020 $6,120,392 $7,083,613 $89,276,215 $-963,221
2019 $13,545,310 $6,605,728 $75,370,865 $6,939,582
2018 $5,789,155 $4,735,659 $68,350,907 $1,053,496
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