Federal ID# 237034345
Kennesaw State University Foundation, Inc.
General Information
| Organization Type | CHARITY |
| Contact Person | Lance Burchett |
| Address | 1000 Chastain Road Northwest, Suite 9101, Kennesaw, GA 30144- |
| Phone Number | (470) 578-6027 |
| Purpose or Description | To be an advocate for Kennesaw State University (the “University”) and to receive, invest, account for, and allocate private gifts and contributions in support of the university. The Foundation provides student housing, parking, and leases administrative, dining, classroom and athletic space to the university. All these activities are essential to the operations of Kennesaw State University. If the Foundation did not conduct these activities, another organization, or university itself, would have to manage such activities and properties. |
| Status | Active |
| Extension | None |
Financial Information
For Fiscal Year Ending 6/30/2023
INCOME
| Direct Public Support | $19,718,981 |
| Government Grants | + $0 |
| Other Revenue | + $39,409,421 |
| Total Revenue | $59,128,402 |
EXPENSES
| Amount Spent for Program or Charitable Purposes | $51,091,147 |
| Management/General Expense | + $1,570,187 |
| Fundraising Expense | + $240,087 |
| Total Expenses | $52,901,421 |
Excess/Deficit
| Total Revenue | $59,128,402 |
| Total Expenses | - $52,901,421 |
| Excess/Deficit | $6,226,981 |
End of Year Fund Bal/Net Worth
| Total Assets | $500,639,088 |
| Total Liabilities | - $335,780,075 |
| End of Year Fund Bal/Net Worth | $164,859,013 |
