Valdosta State University Foundation Inc
Donations deductibleRevenue
$12.5m
year to 30 June 2025
Expenses
$6.3m
year to 30 June 2025
Total assets
$78.1m
$1.1m liabilities
Net assets
$77m
assets less liabilities
Directors and trustees
18
6.3 years on average
Staff
0
employees, year to 30 June 2025
Left since last filing
0
no seats appear to have opened
Officers and senior staff
10
named in Part VII
Valdosta State University Foundation Inc's network
18 people12 organisationsi18 people and 12 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (18). Violet dotted lines (12) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
18 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 21 voting members of its governing body on its latest Form 990 Part VI; we list 18 in Part VII (Part VII does not always name every voting member).| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Ashley Bell | Trustee | 2020 | 6 yrs |
| Bill Cowart | Trustee | 2019 | 7 yrs |
| Bubba Highsmith | Trustee | 2019 | 7 yrs |
| Chunlei LIU | Trustee | 2023 | 3 yrs |
| Corrina Robinson | Trustee | 2021 | 5 yrs |
| Elizabeth Clark-Morrison (also filed as Beth Clark-Morrison) | Trustee | 2018 | 8 yrs |
| Jerry J Jennett | Trustee | 2018 | 8 yrs |
| Joe Brownlee | Trustee | 2021 | 5 yrs |
| Lynn Morley | Trustee | 2020 | 6 yrs |
| Mark Register | Trustee | 2021 | 5 yrs |
| Mikki Hudson Wills | Trustee | 2023 | 3 yrs |
| Richard Carvajal | Trustee | 2018 | 8 yrs |
| Robert L Shannon JR | Trustee | 2021 | 5 yrs |
| Robert W Hagan (also filed as Bob Hagan) | Trustee | 2018 | 8 yrs |
| Sonya Merriman | Trustee | 2022 | 4 yrs |
| Tammy Borders | Trustee | 2019 | 7 yrs |
| TIM Harris | Trustee | 2019 | 7 yrs |
| Trey Sherwood | Trustee | 2023 | 3 yrs |
Officers and senior leadership
10 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| A Parrish Clark JR | Past-Chair | since 2020 |
| Aimee Nicolosi | Accounting Director | since 2018 |
| Arthur B Pearce | Interim CEO | 2022 |
| Daryn Russell | Vice Chair | since 2020 |
| David A Hiers | Vice Chairman | since 2020 |
| Greg Miller | Treasurer | since 2021 |
| John D Crawford | Past CEO | since 2018 |
| Martin E McGhin | Immediate Past Chair | since 2018 |
| Rick Munroe | CEO | since 2023 |
| Wade Coleman | Company secretary | since 2021 |
Pay and hours
year to 30 June 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Jerry J Jennett | Trustee | 4 | $0 | ||
| Richard Carvajal | Trustee | 4 | $0 | $304k | |
| Bill Cowart | Trustee | 4 | $0 | ||
| Bubba Highsmith | Trustee | 4 | $0 | ||
| Tim Harris | Trustee | 4 | $0 | ||
| Tammy Borders | Trustee | 4 | $0 | ||
| Ashley Bell | Trustee | 4 | $0 | ||
| Lynn Morley | Trustee | 4 | $0 | ||
| Joe Brownlee | Trustee | 4 | $0 | ||
| Elizabeth Clark-Morrison | Trustee | 4 | $0 | ||
| Mark Register | Trustee | 4 | $0 | ||
| Corrina Robinson | Trustee | 4 | $0 | ||
| Robert L Shannon Jr | Trustee | 4 | $0 | ||
| Sonya Merriman | Trustee | 4 | $0 | ||
| Bob Hagan | Trustee | 4 | $0 | ||
| Chunlei Liu | Trustee | 4 | $0 | ||
| Trey Sherwood | Trustee | 4 | $0 | ||
| Mikki Hudson Wills | Trustee | 4 | $0 | ||
| Aimee Nicolosi | Accounting Director | 40 | $0 | ||
| A Parrish Clark Jr | Past-Chair | 8 | $0 | ||
| David A Hiers | Chair | 4 | $0 | ||
| Wade Coleman | Secretary | 4 | $0 | ||
| Greg Miller | Treasurer | 4 | $0 | ||
| Rick Munroe | CEO | 40 | $0 | $207k |
About
- Legal name
- Valdosta State University Foundation Inc
- EIN
- 581582136
- Address
- 1500 N Patterson St, Valdosta, GA, 31698-0100
- State
- Georgia
- Mission
- The Foundation exists to support development of educational excellence at Valdosta State University. (as filed on the Form 990)
- Activity (NTEE)
- B42I Education
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Education
- Size band
- 9 (IRS master file code)
- Formed
- 1963
- Principal officer
- Rick Munroe (as named on the Form 990)
- IRS ruling date
- 1 January 1985
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 7, latest 2025
- IRS Publication 78
- PC (contributions deductible)
Most connected
Longest observed on the filings
≥8years on the filingsElizabeth Clark-Morrison
≥8years on the filingsJerry J Jennett
≥8years on the filingsRichard Carvajal
≥8years on the filingsRobert W Hagan
Latest return
year to 30 June 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 30 June 2025. US dollars, as filed.- Total assets
- $78.1m
- Total liabilities
- $1.1m
- Net assets or fund balances
- $77m
- Contributions and grants received
- $6.6m
- Program service revenue
- $916k
- Grants and similar paid out
- $1.4m
- Employees
- 0
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $12.5m | $6.3m | $6.3m |
As filed on the IRS Form 990. US dollars.