Georgia State University Foundation Inc
96% goes to programs $2 to raise $100 Strong reserves
Georgia State University Foundation Inc is a 501(c)(3) organization based in Atlanta, Georgia, registered in 1961, with $91,574,733 in FY2024 revenue. CharityIndex grades it A, and it directs about 96% of spending to programs.
Po Box 2668, Atlanta, GA, 30301 EIN 58-6033185 Since 1961
Revenue (FY2024)
$91.6M
▲ 77.5% vs prior year
Education median: $200K
Expenses (FY2024)
$64.8M
Net assets
$439.1M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating96% to programs · $2 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Georgia State University Foundation Inc: 96% to programs · $2 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating81 mo reserves · +29% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Georgia State University Foundation Inc: 81 mo reserves · +29% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Georgia State University Foundation Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Georgia State University Foundation Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Support the mission and best interests of georgia state university.
What they do
Student support: the gsu foundation provided the university support for students. students received both merit and need based scholarship support across all programs and units of the university. private gift support is critical to reaching our goal of having all willing students able to explore their educational opportunities, experience college life, and efficiently manage tuition costs and debt loads.
Faculty and staff support: university faculty and staff received additional support allowing for increased research opportunities and improved classroom experiences for all students. private gift support helps meet the university's goal to attract and retain world class faculty to teach our students and expand our research.
Contact & location
- Address
- Po Box 2668, Atlanta, GA, 30301
- City
- Atlanta
- State
- Georgia
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $55.4M (FY2013) to $91.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $126.5MNet assets $439.1M
Operating margin
29.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$565.7M
Total liabilities
$126.5M
Net assets
$439.1M
Salaries & benefits
$0
0% of expenses
Board members
33
31 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $91,574,733▲77.5% | $64,760,206▲41.1% | $439,104,860▲11.2% | $565,653,579▲5.9% | 990 |
| 2023 | $51,589,373▼31.3% | $45,910,245▲9.9% | $395,015,988▲8.9% | $534,177,903▲5.8% | 990 |
| 2022 | $75,121,053▼16.2% | $41,786,024▲23.4% | $362,664,997▲15.0% | $505,025,039▲8.4% | 990 |
| 2021 | $89,649,877▲73.2% | $33,855,304▲1.2% | $315,323,839▼4.0% | $466,073,205▲0.3% | 990 |
| 2020 | $51,749,529▲63.1% | $33,465,037▼3.2% | $328,396,691▲24.2% | $464,566,593▲15.8% | 990 |
| 2019 | $31,731,725▼27.9% | $34,578,722▼36.9% | $264,458,910▼1.5% | $401,061,734▼2.7% | 990 |
| 2018 | $43,994,265▼47.0% | $54,766,776▲26.5% | $268,403,724▼0.8% | $412,277,586▼2.5% | 990 |
| 2017 | $82,987,287▲28.9% | $43,282,105▼14.3% | $270,459,653▲5.7% | $422,834,936▼3.0% | 990 |
| 2016 | $64,368,488▲28.9% | $50,514,513▲31.2% | $255,866,597▲11.8% | $435,966,595▲3.6% | 990 |
| 2015 | $49,928,887▲12.6% | $38,509,976▼3.1% | $228,847,329▲4.5% | $420,779,920▲26.5% | 990 |
| 2014 | $44,323,143▼20.0% | $39,748,316▲7.1% | $219,081,681▲1.8% | $332,610,803▼34.1% | 990 |
| 2013 | $55,401,349 | $37,101,193▲3.8% | $215,144,246▲14.3% | $505,052,764▲5.3% | 990 |
| 2012 | — | $35,740,705▲13.6% | $188,245,362▲13.5% | $479,458,834▲5.4% | 990 |
| 2011 | — | $31,453,642▼0.1% | $165,846,464▲4.5% | $455,061,005▲6.3% | 990 |
| 2010 | — | $31,470,989▼7.2% | $158,631,881▲15.4% | $427,908,340▲4.0% | 990 |
| 2009 | — | $33,914,611 | $137,519,156 | $411,430,203 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Cheryl Harrelson — $275,616 (0.43% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Cheryl Harrelson | President & Vp of University Advancement | 20 | $275,616 |
| Tabatha Michel | Gsuf Interim President/ Avp | 20 | $251,384 |
| Dale Palmer | Gsuf Assistant Treasurer/cfo | 35 | $216,330 |
| Chris Burge | Avp Advancement Infosys/tech | 40 | $191,471 |
| Holly Sailers | Comptroller | 40 | $147,746 |
| Telly Mcgaha | Gsuf Interim President/avp | 20 | $61,886 |
| Felicia Thomas | Gsuf Asst. Secretary | 20 | $61,594 |
| Aileen B Valianos | Trustee | 1 | — |
| Alfred Al Mcrae | Trustee | 1 | — |
| Alison B Jones | Trustee | 1 | — |
| Allison Powell | Trustee | 1 | — |
| Christopher Chan | Trustee | 1 | — |
| Dan Krause | Trustee | 0.3 | — |
| Dr Grimes | Trustee | 0.3 | — |
| Erika Meinhardt | Trustee | 1 | — |
| Esmael Hill | Chair, Real Estate Committee/trustee | 1 | — |
| Fabiola Charles-stokes | Trustee | 1 | — |
| Felicia M Mayfield | Chair, Development/trustee | 1 | — |
| Frank H Boykin | Immediate Past Board Chair/trustee | 1 | — |
| Janine Bowen | Chair, Nov & Gov/trustee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Genesis Elevator Company | Construction | $371,745 |
| Tespia LLC | Consultant | $248,000 |
| Zuri Group LLC | Fundraising System Consultant | $201,630 |
| Sea Island Company LLC | Event Planning | $167,567 |
| Bentz Whaley Flessner and Associates Inc | Campaign Communication Consel | $142,031 |
Grants received · $32.2M total
186 grants to Georgia State University Foundation Inc totaling $32.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $40.0M in FY2024
6 grants totaling $40.0M in FY2024. All grants made by Georgia State University Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Georgia State University | University facility improvements | $19,679,227 |
| Georgia State University | Scholarships & awards | $10,909,620 |
| Georgia State University | Faculty & staff salary supplements | $9,348,392 |
| Fort Valley State University | Niss participation award winner | $33,000 |
| Junior Achievement USA | Events sponsorship | $12,500 |
| Troupe Hellas Greek Folkloric Society Inc | Events sponsorship | $8,000 |
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Frequently asked questions
- Is Georgia State University Foundation Inc a legitimate nonprofit?
- Yes. Georgia State University Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 58-6033185, based in Atlanta, Georgia. Donations are tax-deductible.
- What is Georgia State University Foundation Inc's EIN?
- Georgia State University Foundation Inc's Employer Identification Number (EIN) is 58-6033185.
- How much revenue does Georgia State University Foundation Inc report?
- Georgia State University Foundation Inc reported $91,574,733 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Georgia State University Foundation Inc's spending goes to programs?
- Georgia State University Foundation Inc spends about 96% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Georgia State University Foundation Inc have?
- CharityIndex grades Georgia State University Foundation Inc A, based on program efficiency and fundraising cost.
- How much does Georgia State University Foundation Inc's highest-paid employee make?
- The highest reported compensation on Georgia State University Foundation Inc's latest Form 990 is $275,616, paid to Cheryl Harrelson (President & Vp of University Advancement).
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Data for Georgia State University Foundation Inc (EIN 58-6033185) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.