Overview
What is University System Of Georgia Foundation Inc & Affiliates?
The University System of Georgia Foundation Inc & Affiliates is a nonprofit organization based in Atlanta, Georgia. Their primary goal is to support Georgia's university system and its 26 colleges and universities by constructing projects and renting them to institutions within the system, which is facilitated by real estate owned by the Board of Regents of the University System of Georgia. Currently, 25 projects worth $556 million have been financed through the USG Real Estate Foundations. With a team of five employees, the University System of Georgia Foundation aims to ensure access to academic excellence and educational opportunities for all Georgians, aligning with the University System of Georgia's mission to advance its work consistently with its strategic plan.
Official website here: www.usgfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating
The University System of Georgia Foundation Inc & Affiliates has received a solid Three-Star rating from Charity Navigator, reflecting its strong accountability and financial practices. With a score of 81%, the organization demonstrates a commitment to transparency, as evidenced by its 100% independent board members and well-maintained financial oversight, including comprehensive audits and a strong conflict of interest policy.
Strengths of the foundation include a high program expense ratio of 97.25%, indicating that a significant portion of its funds is directed toward its programs rather than administrative costs. The charity has also established robust governance practices, including documented board meeting minutes and a whistleblower policy. These elements contribute to a trustworthy operational structure.
However, while the foundation displays many strengths, the three-star rating suggests there may be room for improvement in certain areas to reach a higher score. Stakeholders may want to stay informed about ongoing developments to ensure the organization maintains its commitment to excellence and addresses any potential limitations in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is University System Of Georgia Foundation Inc & Affiliates legitimate?
University System Of Georgia Foundation Inc & Affiliates is a legitimate nonprofit organization registered as a 501(c)(3) entity. University System Of Georgia Foundation Inc & Affiliates submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $344,277
Professional Fundraising Fees: $0
Other Salaries and Wages: $163,594
For more financial information, click here
Official website here: www.usgfoundation.org
What is the mission statement of University System Of Georgia Foundation Inc & Affiliates?
The University System of Georgia Foundation Inc & Affiliates aim to support Georgia's university system and its 26 colleges and universities, ensuring access to academic excellence and educational opportunities for all Georgians. The mission of the University System of Georgia, which the Foundation is a part of, is to advance its work in accordance with the university system's strategic plan. The USG Foundation has formed real estate foundations to construct projects and rent them to colleges and universities within the system, financing 25 projects on 18 campuses worth a total of $556 million. These efforts contribute to enhancing the educational landscape of the universities in Georgia.
Official website here: www.usgfoundation.org
Who is the CEO of University System Of Georgia Foundation Inc & Affiliates?
Kirby A Thompson is the Vice Chancellor For Development of University System Of Georgia Foundation Inc & Affiliates.
Official website here: www.usgfoundation.org
What is the revenue of University System Of Georgia Foundation Inc & Affiliates?
University System Of Georgia Foundation Inc & Affiliates's revenue in 2022 was $27,810,587.
Official website here: www.usgfoundation.org
Who are the executives of University System Of Georgia Foundation Inc & Affiliates and what are their salaries?
The average compensation at University System Of Georgia Foundation Inc & Affiliates during 2022 was $101,574. There are 5 employees and 30 volunteers at University System Of Georgia Foundation Inc & Affiliates.
Here are 17 key members and their salaries:
- Compensation: $187,800
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- Other: $39,958
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Official website here: www.usgfoundation.org
Where can I find the form 990 for University System Of Georgia Foundation Inc & Affiliates?
University System Of Georgia Foundation Inc & Affiliates's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.usgfoundation.org
Learn more at the official website: www.usgfoundation.org
Mission Statement of University System Of Georgia Foundation Inc & Affiliates
University System of Georgia Foundation Inc & Affiliates, a key cooperative organization under the Board of Regents, is dedicated to supporting and advancing the work of the University System of Georgia and its 26 colleges and universities. Their primary objective is to ensure access to academic excellence and educational opportunities for all Georgians.
To accomplish this mission, the Foundation engages in real estate projects. They have formed USG Real Estate Foundations for the purpose of constructing projects and then renting these completed structures to colleges and universities within the University System of Georgia. These foundations have successfully financed 25 projects on 18 campuses, totaling a significant investment of $556 million. Through these efforts, the Foundation is able to provide essential facilities for educational institutions in the University System of Georgia.
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Impact
October, 2024
The University System of Georgia Foundation Inc & Affiliates significantly enhances educational access and academic excellence across Georgia by strategically supporting its 26 colleges and universities. By focusing on both financial and infrastructural support, the Foundation plays a crucial role in constructing facilities that meet the evolving needs of students and faculty.
Through the USG Real Estate Foundations, the organization has facilitated the development of 25 projects across 18 campuses, investing a notable $556 million. This investment not only addresses the immediate requirements for educational facilities but also enriches the learning environment for students, thereby promoting their academic success. The Foundation's commitment to providing real estate support ensures that institutions within the University System of Georgia can offer modern, accessible spaces conducive to learning.
By aligning its efforts with the strategic goals of the University System, the Foundation champions initiatives that aim to expand educational opportunities for all Georgians. Its impact extends beyond construction projects, as it nurtures the broader mission of education and community development throughout the state, fostering a more educated and skilled workforce for Georgia’s future.
This information is meant to be a general summary of University System Of Georgia Foundation Inc & Affiliates. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $578,381
- Program Service Revenue: $25,401,555
- Gross Receipts: $27,971,417
Assets and Liabilities:
- Total Assets: $553,443,159
- Total Liabilities: $522,663,004
- Net Assets: $30,780,155
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST-DIRECT FINANCING LEASE
Revenue
$20,601,571
LEASE INCOME
Revenue
$4,188,536
SERVICE CONTRACT REVENUE
Revenue
$579,637
MANAGEMENT FEES
Revenue
$18,686
REGISTRATION FEES
Revenue
$13,125
Organization Details
Founding Year
1995
Phone
(404) 962-3058Principal Officer
Kirby A Thompson
Main Address
270 WASHINGTON ST SW 7002, ATLANTA, GA, 30334
Website
www.usgfoundation.orgNTEE Category
Code: B12 - Education
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