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THE PURPOSE OF THE FOUNDATION IS TO PROMOTE HIGHER EDUCATION IN THE STATE OF GEORGIA, TO RAISE AND RECEIVE FUNDS FOR THE SUPPORT AND ENHANCEMENT OF THE FORT VALLEY STATE UNIVERSITY (FVSU), AND TO AID FVSU IN ITS DEVELOPMENT AS A LENDING EDUCATIONAL INSTUTUTION.
Source: IRS Form 990 (Tax Year 2023)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2022
Total Revenue
▼$4.4M
Program Spending
63%
of total expenses go to program services
Total Contributions
$1.8M
Total Expenses
▼$4.3M
Total Assets
$35.2M
Total Liabilities
▼$17.8M
Net Assets
$17.4M
Officer Compensation
→N/A
Other Salaries
N/A
Investment Income
$224.3K
Fundraising
▼N/A
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
2
Clean Audits
2
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2017 | Clean | Unmodified (Clean) | $1.3M | Yes | 2018-02-06 |
| 2016 | Clean | Unmodified (Clean) | $1.3M | Yes | 2016-12-06 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.3M
Tax Year 2022 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023 | $4.4M | $1.8M | $4.3M | $35.2M | $17.4M |
| 2022IRS e-File | $4.4M | $1.8M | $4.3M | $35.2M | $17.4M |
| 2021 | $1.9M | $0 | $676.1K | $36.2M | $16.7M |
| 2020 | $2.8M | $1.8M | $3.2M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2022)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2022)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Karen Wright | Executive Di | 40 | $0 | $41K | $0 | $41K |
| Calvin Smyre | Chairman | 2 | $0 | $0 | $0 | $0 |
| Lawrence Marable | Vice Chairma | 2 | $0 | $0 | $0 | $0 |
| Cynthia Carter | Secretary | 2 | $0 | $0 | $0 | $0 |
Karen Wright
Executive Di
$41K
Hrs/Wk
40
Compensation
$0
Related Orgs
$41K
Other
$0
Calvin Smyre
Chairman
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Lawrence Marable
Vice Chairma
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Cynthia Carter
Secretary
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Andrew A Reese | Director | 2 | $0 | $0 | $0 | $0 |
| Angela Fussell | Director | 2 | $0 | $0 | $0 | $0 |
| Barbara Palmer | Director | 2 | $0 | $0 | $0 | $0 |
| Charles Robinson | Director | 2 | $0 | $0 | $0 | $0 |
| David Danzie | Director | 2 | $0 | $0 | $0 | $0 |
| Gary Lee | Director | 2 |
Andrew A Reese
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Angela Fussell
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Barbara Palmer
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Individuals who previously served as officers or key employees.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Anthony Holloman | Executive Di | 10 | $0 | $122.3K | $0 | $122.3K |
Anthony Holloman
Executive Di
$122.3K
Hrs/Wk
10
Compensation
$0
Related Orgs
$122.3K
Other
$0
| $35M |
| $15.5M |
| 2019 | $3.8M | $1.8M | $2.5M | $35.3M | $15.9M |
| 2018 | $3.1M | $2.1M | $2.1M | $34.4M | $14.6M |
| 2016 | $4.6M | $1.1M | $4.9M | $75.1M | $11.1M |
| 2015 | $5.2M | $1.3M | $4M | $75.6M | $11.4M |
| 2014 | $5.5M | $1.1M | $4.6M | $75.3M | $10.2M |
| 2013 | $5.3M | $1.3M | $4M | $74.7M | $9.2M |
| 2012 | $4.9M | $1.1M | $4.5M | $75.6M | $5.4M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | — |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| $0 |
| $0 |
| $0 |
| $0 |
| Gita Garnder | Director | 2 | $0 | $0 | $0 | $0 |
| Gwendolyn Reeves | Director | 2 | $0 | $0 | $0 | $0 |
| Hollis Towns | Director | 2 | $0 | $0 | $0 | $0 |
| Isaac Crumbly | Director | 2 | $0 | $0 | $0 | $0 |
| Jarius Jones | Director | 2 | $0 | $0 | $0 | $0 |
| Johnnie Booker | Director | 2 | $0 | $0 | $0 | $0 |
| Kenneth Howard | Director | 2 | $0 | $0 | $0 | $0 |
| Krystal Conner | Director | 2 | $0 | $0 | $0 | $0 |
| Lou Ann Gross | Director | 2 | $0 | $0 | $0 | $0 |
| Melvin Doug Morris | Director | 2 | $0 | $0 | $0 | $0 |
| Nicholas Xavier Harrison | Director | 2 | $0 | $0 | $0 | $0 |
| Patty James-Bentley | Director | 2 | $0 | $0 | $0 | $0 |
| Paul Jones | Director | 2 | $0 | $333.1K | $0 | $333.1K |
| Phyllis Kitchens-Thurmond | Director | 2 | $0 | $0 | $0 | $0 |
| Rufus Green | Director | 2 | $0 | $0 | $0 | $0 |
| Theodore Daniels | Director | 2 | $0 | $0 | $0 | $0 |
| Vernard Hodges | Director | 2 | $0 | $0 | $0 | $0 |
| Yewston N Myers Iii | Director | 2 | $0 | $0 | $0 | $0 |
Charles Robinson
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
David Danzie
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Gary Lee
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Gita Garnder
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Gwendolyn Reeves
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Hollis Towns
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Isaac Crumbly
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Jarius Jones
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Johnnie Booker
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Kenneth Howard
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Krystal Conner
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Lou Ann Gross
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Melvin Doug Morris
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Nicholas Xavier Harrison
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Patty James-Bentley
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Paul Jones
Director
$333.1K
Hrs/Wk
2
Compensation
$0
Related Orgs
$333.1K
Other
$0
Phyllis Kitchens-Thurmond
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Rufus Green
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Theodore Daniels
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Vernard Hodges
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Yewston N Myers Iii
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0