OMB No 1545-0047

2004 Department of the Treasury incemai Revenue service t The organization may have to use a copy of this return to satisfy state reporting requirements. A For the 2004 calendar year, or tax year beginning , 2004, and ending

B Check if applicable Please C Name of organization

u 'a 'I'S GEORGIA FOUNDATION FOR INDEPENDENT COLLEGES, INC . F El Address change label or

20 D Employer identification number

58 ;0684740 Name change

Print °f Number and street (or P 0 box if mail is not delivered to street address) Room/suite E Telephone number

El initial return s~oe~ 949 EAST PACES FERRY RD 1730 ( 404 ) 233-5433 Specific

Final return Instrue" City or town, state or country, and ZIP + 4 F Accounting method 21 Cash 0 Accrual

Amended return boos. ATLANTA, GA 30326-1116

0 Other (specify)

D Application pending 0 Section 501(c)(3) organizations and 4947(a)(1) nonexempt charitable H and I are not applicable to section 527 o~,~o-a,n¢ahons trusts must attach a completed Schedule A (Form 990 or 990-EZ) . H(a) IS this a group return for affiliates? LJ Yes ~ No

_ H(b) It "C Yes," enter number of affiliates 0 . . . . . . - . . . . . .

H(c) Are all affiliates included? 0 Yes D No (If "No," attach a list See instructions 1

H(d) Is this a separate return filed by an organization covered by a group ruling? 0 Yes ~ No

I Group Exemption Number M Check " 0 ii the organization is not required

to attach Sch B (Form 990, 990-EZ, or 990-PF)

J OrganizaUon type (check only one) " 21 501 (c) ( 3 1 4 Insert no) 0 4947(a)(1) or D 527

K ( ;heck here " [J" d the organization's gross receipts are normally not more than $25,000 The organization need not file a return with the IRS, but d the organization received a Form 990 Package m the mail, it should file a return without financial data Some states require a complete return.

L Gross receipts Add lines 6b, 8b, 9b, and 10b to line 12 . 4,918,067

Revenue, Expenses, and Changes in Net Assets or Fund Balances See a 1 Contributions, gifts, grants, and similar amounts received a Direct public support , is 760,852

b Indirect public support . . . . . . , . . . . c Government contributions (grants) ~ ~ '

is 752,95Z ~oncash $ 7,900 Z d Total (add lines 1a through 1c) (cash $ )

Z 2 Program service revenue including government fees and contracts (from Part VII, line 93) M 3 Membership dues and assessments . C7 4 Interest on savings and temporary cash investments

5 Dividends and interest from securities -Sa Gross rents . . 6a b Less : rental expenses , . . . . . 6b c Net rental income or (loss) (subtract line 6b from line 6a)

7 Other investment income (describe " ) (A) Securities (B) Other 0 8a Gross amount from sales of assets other

8a than inventory 3,181 ,628 b Less cost or other basis and sales expenses 2,346,046 8b c Gam or (loss) (attach schedule) , , 835,582 8c !S; MT d Net gam or (loss) (combine line 8c, columns (A) and (B)) 9 Special events and activities (attach schedule) If any amount is from gaming, check here " El

RE reven e (not including $ 81,435 of ~~~T ~. E lution reported on line 1a) , .

. . ' 9a 31,315

ess : di xpenses other than fundraising expenses 9b 31,315

N0 4 11 ~~e~co r (loss) from special events (subtract line 9b from line 9a)

Oa GToss s ~ f inventory, less returns and allowances . _ 10a -Less . goods sold . . 10b

OG ~Gr~~~rofit o~ Qoss) from sales of inventory (attach schedule) (subtract line 10b from line 10a) F-rererto~ (from Part VII, line 103)

12 Total revenue (add lines 1d, 2, 3, 4, 5, 6c, 7, 8d, 9c, 10c, and 11) .

13 Program services (from line 44, column (B)) N

14 Management and general (from line 44, column (C)) a 15 Fundraising (from line 44, column (D)) It 16 Payments to affiliates (attach schedule)

17 Total expenses (add lines 16 and 44, column (A))

18 Excess or (deficit) for the year (subtract line 17 from line 12) Q 19 Net assets or fund balances at beginning of year (from line 73, column (A)) ;, 20 Other changes m net assets or fund balances (attach explanation) . . . , JTir1T 3 z 21 Net assets or fund balances at end of ear (combine lines 18, 19, and 20) For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions . Cat . No 1 1 282Y

18 of the instructions . ?~~F NIsr

Ild 760,852

2 3 680,782

4 5,862

5 257,628

6c 7

Sd 835,582

0

!a_, .,r

IOc 11

12 2,540,706

13 929,186

14 756,695 15 72,238

16 17 1,758,119

18 782,587

19 9,886,889

20 39,238

21 10,708,714

Form 990 (2004)

co

Form 990 Return of Organization Exempt From Income Tax Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung

benefit trust or private foundation)

\/

Fo7 . 990 (2004) Page

0 Statement of All organizations must complete column {P,1 Columns (8), (C), and (0) are required for section 501(c)(3) and (4) organizations Functional Expenses and section 4947(a)(1) nonexempt charitable trusts but optional for others (See page 22 of the instructions

Do not include amounts reported on line IV

(s) Program 6b, 8b, 9b, 10b, or 16 of Pelt / IW Total services ~C) and general t rot Fundraising

22 Grants and allocations (attach schedule) . (cash $ 929,186 nancash $ ) 22 929,186 929,186

23 Specific assistance to individuals (attach schedule) ,"

24 Benefits paid to or for members (attach schedule). 24 -.~~".~`}°~ _ 12 25 Compensation of officers, directors, etc. 25 331,188 331,188

26 Other salaries and wages . , . , , 26 91,993 91,993

27 Pension plan contributions 27 37,748 37,748

28 Other employee benefits . , , . 2$

29 Payroll taxes . . . . . . , . 29 24,703 24,703

30 Professional fundraising fees . , , 30

31 Accounting fees 31

32 Legal fees . . . 32

33 Supplies 03 ±~ nom ' . ~VJI 11,OJ7

34 Telephone . . . . . . . . . , 34 6,748 6,748

35 Postage and shipping , . . . . , 35 8,877 8,877

36 Occupancy . . . . . . , , , 36 35,349 35,349

37 Equipment rental and maintenance . 37

38 Printing and publications . . . , 38

39 Travel . . . . . . . . . , , . 39 16,589 16,589

40 Conferences, conventions, and meetings 40 23,616 23,616

41 Interest . . . . . . 41

42 Depreciation, depletion, etc. (attach schedule) 42

43 Other expenses not covered above (itemize) a . . . . . . . . . 43b STATEMENT 11_____ ._____ __ . . . . _____ 43b 240,085 167,847 72,238

c 43c

------------------------------- ---------- ------ 43d

----------------- --------- ---------- ------ 43e

44 Total functional expenses (add lines 22 through 43) Organizations completing columns (B)-(D), carry these totals to lines 13--15 44 1,758,119 929,186 756,695 72,238

Joint Costs. Check " 0 if you are following SOP 98-2 . Are any point costs from a combined educational campaign and fundraising solicitation reported in (B) Program services? " 0 Yes 0 No If "Yes," enter (i) the aggregate amount of these point costs $-; (ii) the amount allocated to Program services $ , (iii) the amount allocated to Management and general $ , and (iv) the amount allocated to Fundraising $

Statement of Program Service Accomplishments See page 25 of the instructions SEE 51 ATEMEN I 5

What is the organization's primary exempt purposes " . .- - ----- - . .- .- . . . . . . . . . ------- . . . _ . . . . . . . . . . . . . . . Program Service Expenses

All organizations must describe their exempt purpose achievements m a clear and concise manner State the number (Reawred for 501 (c)(a) and of clients served, publications issued, etc. Discuss achievements that are not measurable (Section 501(c)(3) and (4) (4) or9s, and asa7(a)(i) organizations and 4947(a)(1) nonexempt charitable trusts must also enter the amount of grants and allocations to others

trusts, but optional for ) others)

a .SEE STATEMENT 5_____ . -- ---- ------ - - -

(Grants and allocations $ 929,186) 929,186

b .- -----------~- -----------------~--------~-----~-------------- ----------- -~-----------~~- ---------~--------------

(Grants and allocations $

(Grants and allocations $ )

(Grants and allocations $ )

e Other program services (attach schedule) (Grants and allocations $

f Total of Program Service Expenses (should equal line 44, column (B), Program services) " 929,186

Form 990 (2004)

Fo7n 990 (2004)

Balance Sheets (See page 25 of the instructions .)

Page 3

Note: Where required, attached schedules and amounts within the description (A) (B) column should be for end-of-year amounts only, Beginning of year End of year

45 Cash-non-interest-bearing . , , , , 876,392 45 358,533 46 Savings and temporary cash investments . . . 46

47a Accounts receivable 47a b Less allowance for doubtful accounts . 47b 47c

F":b 48a Pledges receivable . . . 48a

b Less' allowance for doubtful accounts . `fib 48c 49 Grants receivable . . . , . . . , , _ . , 49

50 Receivabfes from officers, directors trustpps, and key employees (attach schedule) . . . . . . . . , 50

wS~lj:;~.e 51 a Other notes and loans receivable (attach schedule) I c, ..l

$;~N5

b Less : allowance for doubtful accounts . 51b 51c a 52 Inventories for sale or use . .

53 Prepaid expenses and deferred charges . . 53 54 Investments-securities (attach schedule) . , " El Cost 0 FMV 9,010,497 54 10,350,181

55a Investments-land, buildings, and SYfnT equipment- basis . . . . , , 55a

b Less accumulated depreciation (attach schedule) . . . . . . , . 55b 55c

56 Investments-other (attach schedule) . . . . , . 56 57a Land, buildings, and equipment : basis b Less : accumulated depreciation (attach ''a

schedule) . . 57b 57c 58 Other assets (describe " ) 58

59 Total assets (add lines 45 through 58) (must equal line 74) . 9,886,889 5g 10,708,714

60 Accounts payable and accrued expenses . 60 61 Grants payable . 61 62 Deferred revenue . . . . . . . . . . . . 62

d 63 Loans from officers, directors, trustees, and key employees (attach 1,01 schedule) . . . . . . . . . . . . . 63

~ 64a Tax-exempt bond liabilities (attach schedule) b Mortgages and other notes payable (attach schedule) .

65 Other liabilities (describe " ) 65

66 Total liabilities (add lines 60 through 65) . 66

Organizations that follow SFAS 117, check here " ~ and complete lines V6, 67 through 69 and lines 73 and 74 .

5,399,264 67 6,179,901 v 67 Unrestricted . 68 Temporarily restricted . . . 215,094 68 231,813

m 69 Permanently restricted . , 4,272,531 69 4,297,000

c Organizations that do not follow SFAS 117, check here " [] and ~i complete lines 70 through 74 r:~ ~a°

70 0 70 Capital stock, trust principal, or current funds . 71 Paid-in or capital surplus, or land, building, and equipment fund

N

71

72 Retained earnings, endowment, accumulated income, or other funds a

72

73 Total net assets or fund balances (add lines 67 through 69 or lines E'?~="' 70 through 72 ; .':-'°FA column (A) must equal line 19 ; column (B) must equal line 21) 9,886,889 73 10,708,714

74 Total liabilities and net assets I fund balances (add lines 66 and 73) 9,886,889 74 10,708,714

Form 990 is available for public inspection and, for some people, serves as the primary or sole source of information about a particular organization . How the public perceives an organization in such cases may be determined by the information presented on its return Therefore, please make sure the return is complete and accurate and fully describes, in Part III, the organization's programs and accomplishments .

v Form 990 (2004) Page 4

Form 990 (2004)

Reconciliation of Revenue per Audited Reconciliation of Expenses per Audited Financial Statements with Revenue per Financial Statements with Expenses per Return (See page 27 of the instructions.) Return

.~a " a Total revenue, gains, and other support a Total expenses and losses per ~~ WAY per audited financial statements , " a 2,603,359 audited financial statements , " a 1,781,534

* . b Amounts included on line a but not on b Amounts included on line a but not line 12, Form 990 : on line 17, Form 990 : -

(i) Net unrealized gams (1) Donated services on investments . . $ 39,236 and use of facilities $ c

(2) Donated services ` (2) Prior year adjustments and use of facilities $ ~ reported on line 20,

(3) Recoveries of prior Form 990, year grants . . . $ (3) Losses reported on s~ zG.~.',~~ k~_i:i: a. . .a41

lI11P 7f1 Fnrm UOn fi=1- ~'v (4) Other (specify) . (4) Other (specify)

STATEMENT 7_ __ Aa 31,315 ~!?~~ ~~,,1,n,.1~t 1I ------------------- --

A l1 1 I b

aE a IO S .r1Z I CTATCIm" _~~T

o 3i . .S1J J' r1X I

7

.. . .. . ~L~ -~' c ~ a ��,~`~,,~ Add amounts on lines (1) thrn~~nh .--- __ ----- . . . . . . . .

. . . " ~e a m minus one b lines (1) through (4), d 31,315

c Line a minus line b c 2,532,806 c L c 1,750,219

d Amounts included on line 72, d Amounts included on line 17, r_~s '~s!`'"~~ ' Form 990 but not on line a : Form 990 but not on line a : ~ ,' "`=w=''°~' '~

(1) Investment expenses k4~`; ~ (1) Investment expenses

not included on line 'not included on line 6b, Form 990, . . $ 6b, Form 990 . $ ~�e �~ ~,

(2) Other (specify) : ~ ~le , `$ (2) Other (specify) :

7,900 STATEMENT_8 $ STATEMENT 7 $ 7,900 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Add amounts on lines (1) and (2) " d 7,900 Add amounts on lines (1) and (2) " d 7,900

e Total revenue per line 12, Form 990 e Total expenses per line 17, Form 990 line c plus line , " e 2,540,706 line c plus line . " J e l 1,758,119

List of Officers, Directors, Trustees, and Key Employees (List each one even if .not compensated, see page 27 of the instructions )

B Title and avera g e hours per (C) Compensation (D) Contributions to (E) Expense {A) Name and address (week devoted to position (Ii not paid, enter employee benefA plans 6 account and other

.0- ) deferred com pen sation allowances

HENRY H . HECTOR - . . . . . . PRESIDENT 40+ 162,098 15,750 12,726 1878 GREYSTONE OAKS WAY, ATLANTA, GA 3034! CAROL LYNCH . . . . . . . . . . . _ . . . . . . . . . . .- CORP . SECRETARY 35 60,275 6,028 0 1722 REINDEER DR., ATLANTA, GA 30329 KATRINA GRAHAM . . . . . . . . . . . . . . .--- VICE PRESIDENT 35+ 92,225 9,222 3,864 1777 SAMARIA TR., TUCKER, GA 30084 SEE STATEMENT 10 BOARD OF TRUSTEES 0 0 0

------------------------------------------------------

75 Did any officer, director, trustee, or key employee receive aggregate compensation of more than $100,000 from your organization and all related organizations, of which more than $10,000 was provided by the related organizations? " 0 Yes Z No If "Yes," attach schedule-see page 28 of the instructions

76 Did the organization engage m any activity not previously reported to the IRS If "Yes," attach a detailed description of each activity. 77 Were any changes made in the organizing or governing documents but not reported to the IRS .

If "Yes," attach a conformed copy of the changes 78a Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return b If "Yes," has it filed a tax return on Form 990-T for this year?

79 Was there a liquidation, dissolution, termination, or substantial contraction during the year? If "Yes," attach a statement 80a Is the organization related (other than by association with a statewide or nationwide organization) through common

membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization? b If "Yes," enter the name of the organization " . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . .

11 nonexempt. --------------------- .--------------- ,------ .---------

and check whether it is D exempt or Sia Enter direct and indirect political expenditures See line 81 instructions . . Lsia I NONE

b Did the organization file Form 1120-POL for this year? . . . . . .

R?-3 Did :~2 organization receive donated services or the use of materials, equipment, or facilities at no charge or at substantially less than fair rental value? . . . . . . .

b if "Yes," you may indicate the vale iP or thQsc ;;cmJ Ii O1 C. Do not include this amount as revenue m Part I or as an expense m Part II . (See instructions in Part III I

83a Did the organization comply with the public inspection requirements for returns and exemption applications? b Did the organization comply with the disclosure requirements relating to quid pro quo contributions

84a Did the organization solicit any contributions or gifts that were not tax deductibles

b If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductibles . .

85 501(c)(4), (5), or (6) organizations a Were substantially all dues nondeductible by members? b Did the organization make only in-house lobbying expenditures of $2,000 or less? .

If "Yes" was answered to either 85a or 85b, do not complete 85c through 85h below unless the organization received a waiver for proxy tax owed for the prior year.

c Dues, assessments, and similar amounts from members. . . . , . . 85c

d Section 162(e) lobbying and political expenditures . . . , . 85d

e Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices . . , 85e

f Taxable amount of lobbying and political expenditures (line 85d less 85e) . . 85f

g Does the organization elect to pay the section 6033(e) tax on the amount on line 85f?

h If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount on line 85f to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year? . . . . . . . . . .

. 86 501(c)(7) orgs Enter' a Initiation fees and capital contributions included on line 12 86a

b Gross receipts, included on line 12, for public use of club facilities . . 86b

87 501(c)(12) orgs Enter: a Gross income from members or shareholders

b Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them .) . . $7b

88 At any time during the year, did the organization own a 50% or greater interest in a taxable corporation or partnership, or an entity disregarded as separate from the organization under Regulations sections 301 .7701-2 and 301 .7701-37 If "Yes," complete Part IX .

85h

` Farm 990 (2004)

Other Information (See page 28 of the Page 5

Yes No 76 ./ 77 r

M ME` RIP 78a J 78b 79 r

Mot 80a r

Ti h ~~3i

81b r

82a ~ .

84b

89a 501(c)(3) organizations Enter Amount of tax imposed on the organization during the year under . NONE section 4911 " NONE ; section 4912 1'-- NONE , section 4955 " ~~=`~? ~~ +"

b 50i(c)(3) and 501(c)(4) orgs . Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior years If "Yes," attach a statement explaining each transaction . . , . . , . . . . . 89b

c Enter . Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958 . . . . . . . . . . . . . . , , , . " NONE

d Enter Amount of tax on line 89c, above, reimbursed by the organization . . , 10. NONE

90a List the states with which a copy of this return is filed t .GEORGIA

b Number of employees employed in the pay period that includes March 12, 2004 (See instructions ) I 90b 1 5

91 The books are in care of " CAROL LYNCH __,__ ____ ___ .__ .__----- . . . . . . . . . Telephone no . " (_ ?02 _) 233-5433 ------------ -------- -

--------------- Located at " _ 949 EAST PACES-FERRY- RD _,_SUITE.1730,.ATLANTA,_ GA_ _ ZIP + 4 " _ . _ _ _ _ _ _ 30326-1116

92 Section 4947(a)(1) nonexempt charitable trusts filing Form 990 in lieu of Form 1041-Check here and enter the amount of tax-exempt interest received or accrued during the tax year " ( 92 1

Form 990 (2004)

i Form 990 (2004) Page 6

Activities See page 33 of the instructions . Unrelated business income Excluded by section 512, 513, or 514 (E)

(A) (B) (C) (p) Related or

Business code Amount Exclusion code Amount exempt function

income

Note : Enter gross amounts unless otherwise indicated. 93 Program service revenue:

of the in

Please Sign Here

Analysis of Income-Produc

a b c d e f Medicare/Medicaid payments g Fees and contracts from government agencies

94 Membership dues and assessments 680,782

95 Interest on savings and temporary rash If1VPCfmantc 4 A

- 5,862 1

96 Dividends and interest from securities . . 14 257,628

97 Net rental income or (loss) from real estate : PW~ f~=~'~ . . .'r.6b :-fii aiwcu NiON81iY

b not debt-financed property . 98 Net rental income or (lass) from personal property 99 Other investment income . . . , . . 18 835,582

100 Gain or (loss) from sales of assets other than inventory 101 Net income or (loss) from special events 102 Gross profit or (loss) from sales of inventory 103 Other revenue a

b c d

104 Subtotal (add columns (B), (D), and (Q) . . u`"°`~`~"~°'~~, "`'"`"" yy~'' ̀"' 1, 09 9,072 680,782

105 Total (add line 104, columns (B), (D), and (E)} . . " 1>779~854 Note : Line 105 plus !me 1d, Part l, should equal the amount on Irne 12, Part I

Relationship of Activities to the Accomplishment of Exempt Purposes See page 34 of the instructions

Line No . Explain how each activity for which income is reported in column (E) of Pan VII contributed importantly to the accomplishment of the organization's exempt purposes (other than by providing funds for such purposes)

94 YEARLY ASSESSMENTS ARE USED TO OBTAIN FUNDS FROM MEMBER COLLEGES FOR THE OPERATION OF THE GEORGIA FOUNDATION FOR INDEPENDENT COLLEGES, INC . ASSESSMENTS ARE BASED ON A SPECIFIC FORMULA FOR EACH COLLEGE . MEMBER COLLEGES ARE RECIPIENTS OF GRANTS AND ALLOCATIONS FROM THE FOUNDATION . Information Re ardin Taxable Subsidiaries and Disregarded Entities See page 34 of the instructions .)

Name, address, and EIN of corporation, PercenBage of (C) (D) partnership, or disregarded entity ownership interest Nature of activities Total income

N/A

(a) Did the organization, during the year, receive any funds, directly or inc (b) Did the organization, during the year, pay premiums, di Note : If "Yes" to (b1. file Form 8870 and Form 4 720 (see i

SCHEDULE A Organization Exempt Under Section 501(c)(3) OMB No 1545-0047

(Form 990 Of 990-EZ) (Except Private Foundation) and Section 501(e), 501(n, 501(k), 501(n), or Section 4947(a)(1) Nonexempt Charitable Trust 0 A

Department of she Treasury Supplementary Information-(See separate instructions .) ~o

Internal Revenue Service " MUST be completed by the above organizations and attached to then Form 990 or 990-EZ Name of the organization Employer identification number

GEORGIA FOUNDATION FOR INDEPENDENT COLLEGES . INC. 58 : 0684740 Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (See page 1 of the instructions . List each one If there are none, enter "None .")

(a) Name and address of each employee paid more (b) Title and average hours (d) Contributions to (e) Expense than $50,000 per week devoted to position (c) Compensation employee benefit plans 8 account and other

deferred compensation allowances

NONE ----------------------------- -------------------------

OR k ~,r"~"- ~-;§''~;;~~ Total number of other employees paid over ~'

$50,000 " ~ ~ .~~ ;. ~

:~1d5

~ ~~"~ Compensation of the Five Highest Paid Independent Contractors for Professional Services (See page 2 of the instructions . List each one (whether individuals or firms) . If there are none, enter "None.")

(a) Name and address of each independent contractor paid more than $50,000 (b) Type of service (c) Compensation

NONE

Total number of others receiving over $50,000 for ~`~: professional services "

0 &N ~ c s^a~, ;3~,'`~~'r~`F : s r~-~`: ;E<, .

For Paperwork Reduction Act Notice, see the Instructions for Form 990 and Forth 990-EZ . Cat No 11285F Schedule A (Form 990 or 990-EZ) 2004

Statements About Activities (See page 2 of the instructions .) Yes No

1 During the year, has the organization attempted to influence national, state, or local legislation, including any attempt to influence public opinion on a legislative matter or referendum? If "Yes," enter the total expenses paid or incurred in connection with the lobbying activities " $ 227,442 (Must equal amounts on line 38, Part VI-A, or line i of Part VI-B) . . . . . . . . . . , , . ,

Organizations that made an election under section 501(h) by filing Form 5768 must complete Part VI-A Other organizations checking "Yes" must complete Part VI-B AND attach a statement giving a detailed description of the lobbying activities

2 During the year, has the organization, either directly or indirectly, engaged in any of the following acts with any substantial contributors, trustees, directors, officers, creators, key employees, or members of their families, or ~ . with any taxable organization with which any such person is affiliated as an officer, director, trustee, majority owner, or principal beneficiary ? (If the answer to an ~r y question is "Yes, attach a detailed statement explaining the

- - =' transactions )

a Sale, exchange, or leasing of property? ~2a ~ ^l til I J . . . , __ b I_Pnrlina of mnnPV nr oihPr Prtancinn ni rA~Iir'?

c Furnishing of goods, services, or facilities? . . . , . , . . , , , , . 2c d Payment of compensation (or payment or reimbursement of expenses if more than $1,000) , . . . , 2d J e Transfer of any pan of its income or assets? . . . . . , . , 2e J

3a Do you make grants for scholarships, fellowships, student loans, etc ? (If "Yes," attach an explanation of how you determine that recipients qualify to receive payments) . , , t>S,MT .5 . . . . . . . . . 3a

b Do you have a section 403(b) annuity plan for your employees . . , , , . . , 3b r 4a Did you maintain any separate account for participating donors where donors have the right to provide advice

on the use or distribution of funds? b Do you provide credit counseling, debt management, credit repair, or debt negotiation services 4b

The organization is not a private foundation because it is- (Please check only ONE applicable box) 5 El A church, convention of churches, or association of churches Section 170(b)(1)(A)(i) . 6 D A school Section 170(b)(1)(A)(u) . (Also complete Part V ) 7 D A hospital or a cooperative hospital service organization Section 170(b)(1)(A)(in) 8 El A Federal, state, or local government or governmental unit Section 170(b)(1)(A)(v) . 9 D A medical research organization operated in conjunction with a hospital Section 170(b)(1)(A)(iu) Enter the hospital's name, city,

and state No ---------------------------- -- -~--- -- - ---- ---- -- -- ----- --- - -- ~--- - --- --- - ----- -- ---------- ---10 D An organization operated for the benefit of a college or university owned or operated by a governmental unit Section 170(b)(1)(A)(iv)

(Also complete the Support Schedule in Part IV-A) 11 a El An organization that normally receives a substantial part of its support from a governmental unit or from the general public Section

170(b)(1)(A)(v) . (Also complete the Support Schedule in Part IV-A .) iib 0 A community trust . Section 170(b)(1)(A)(vi) (Also complete the Support Schedule in Part IV-A) 12 El An organization that normally receives (1) more than 33Y3% of its support from contributions, membership fees, and gross

receipts from activities related to its charitable, etc ,functions-subject to certain exceptions, and (2) no more than 33Y3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 See section 509(a)(2) (Also complete the Support Schedule in Part IV-A)

13 0 An organization that is not controlled by any disqualified persons (other than foundation managers) and supports organizations described in (1) lines 5 through 12 above, or (2) section 501(c)(4), (5), or (6), if they meet the test of section 509(a)(2) . {See section 509(a)(3) )

Provide the following information about the supported organizations (See page 5 of the instructions )

(a) Name(s) of supported organization(s) (b) Line number from above

SEE STATEMENT 9

14 0 An organization organized and operated to test for public safety Section 509(a)(4) (See page 5 of the instructions ) Schedule A (Form 990 or 990-EZ) 2004

Schedu l e A (Forth 990 o r 9 90- E Z) 200 4 Page 2

Reason for Non-Private Foundation Status (See pages 3 through 6 of the instructions .)

c Add Amounts from column (e) for lines. 15 16

17 20 21 , 27c

d Add Line 27a total. and line 27b total , " 27d

e Public support (line 27c total minus line 27d total) . . " 27e

f Total support for section 509(a)(2) test Enter amount from line 23, column (e) " 27i "-`'- 3 rr _ t L . . , zs ~:

g Public support percentage (line 27e (numerator) divided by line 27f (denominator)) . . , " 279 h Investment income percentage (line 18, column (e) (numerator) divided by line 27f (denominator)} " 27h

28 Unusual Grants : For an organization described in line 10, 11, or 12 that received any unusual grants during 2000 through 2003, prepare a list for your records to show, for each year, the name of the contributor, the date and amount of the grant, and a brief description of the nature of the grant Do not file this list with your return. Do not include these grants in line 15

Schedule A (Form 990 or 990-E2) 2004

Schedule A (Form 990 or 990-EZ) 2004 Page

;a, Support Schedule (Complete only if you checked a box on line 10, 11, or 12) Use cash method o1 accounting. Note: You may use the worksheet in the instructions for converting from the accrual to the cash method of accounting Calendar year (or fiscal year beginning in) " (a) 2003 (b) 2002 (c) 2001 (d) 2000 (e) Total 15 Gifts, grants, and contributions received . (Do

not include unusual grants See line 28 ) . 16 Membership fees received 17 Gross receipts from admissions, merchandise

sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc ., purpose .

18 Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the viyqiiiLGilVl1 QIIBI June JV, 19/,7

19 Net income from unrelated business activities not included in line 18

20 Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf .

21 me value of services or facilities furnished to the organization by a governmental unit without charge Do not include the value of services or facilities generally furnished to the public without charge

22 Other income. Attach a schedule Do not include gam or (loss) from sale of capital assets

23 Total of lines 15 through 22 . 24 Line 23 minus line 17 . 25 Enter 1 % of line 23 . . . . . . . +~'+M-W§x"

26 Organizations described on lines 10 or 11 : a Enter 2% of amount m column (e), line 24 b Prepare a list for your records to show the name of and amount contributed by each person (other than a ~~`w

< governmental unit or publicly supported organization) whose total gifts for 2000 through 2003 exceeded the AF-'"- " amount shown in line 26a Do not file this list with your return . Enter the total of all these excess amounts " 26b

c Total support for section 509(a)(1) test Enter line 24, column (e) . . . , , " 26c d Add Amounts from column (e) for fines 18 19 0

22 26b 26d e Public support (line 26c minus line 26d total) " 26e f Public suooort aercentaae (line 26e (numerator) divided by line 26c (denominator)) . . 1 26f ~

27 Organizations described on line 12 : a For amounts included in lines 15, 16, and 17 that were received from a "disqualified person," prepare a list for your records to show the name of, and total amounts received m each year from, each "disqualified person " Do not file this list with your return . Enter the sum of such amounts for each year'

(2003) ------------------~----- - (2002 - -------------~--------- (2001) --~~-~- --- --- -~- - - (zooo) - -------b For any amount included in line 17 that was received from each person (other than "disqualified persons"), prepare a list for your records to

show the name of, and amount received for each year, that was more than the larger of (1) the amount on line 25 for the year or (2) $5,000 (Include m the list organizations described in lines 5 through 11, as well as individuals ) Do not file this list with your return. After computing the difference between the amount received and the larger amount described in (1) or (2), enter the sum of these differences (the excess amounts) for each year: (2003) -- ---~-~----- ----------- (2002) - --- ----------- ------- (2001) ---------------- - --- -- (2000)

35 Does the organization certify that it has complied with the applicable requirements of sections 4 01 through 4 05 of Rev Proc 75-50, 1975-2 C B 587, covering racial nondiscrimination? If "No," attach an explanation I "35 IH

Schedule A (Forth 990 or 990-EZ) 2004

Schedule A (Form 990 or 990-EZ) 2004 Page

Private School Questionnaire (See page 7 of the instructions .) (To be completed ONLY by schools that checked the box on line 6 in Part IV)

29 Does the organization have a racially nondiscriminatory policy toward students by statement in its charter, bylaws, Yes No other governing instrument, or in a resolution of its governing body? . . , , 29

30 Does the organization include a statement of its racially nondiscriminatory policy toward students in all its ~.`av~ r `;~''~ brochures, catalogues, and other written communications with the public dealing with student admissions, ~°~k=-=~=' 'r R= 13 programs, and scholarships . . 30

31 Has the organization publicized its racially nondiscriminatory policy through newspaper or broadcast media during the period of solicitation for students, or during the registration period if it has no solicitation program, m a way that makes the policy known to all parts of the general community it serves?

x?'s.~ I( "Yes," please describe ; if "No," please explain (If you need more space, attach a separate statement.) ;r - --------------- ------------- --------------- ----------------------------------------------------------------- -----

--------------------------------------------------------------- ------------------------ --- ----- -------------------- ' -

!. ~ . . . . . .. . . . . . . . . .. . . . . . . . . . . . . . . . . - S

32 Does the organization maintain the following -~'~~' a Records indicating the racial composition of the student body, faculty, and administrative staff) b Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory

basis? . . , , . . . . . , . . . , 32b

c Copies of all catalogues, brochures, announcements, and other written communications to the public dealing with student admissions, programs, and scholarships _ . , , 32c

d Copies of all material used by the organization or on its behalf to solicit contributions . . 32d

If you answered "No" to any of the above, please explain (If you need more space, attach a separate statement

33 Does the organization discriminate by race in any way with respect to.

a Students' rights or privileges . . . . . , .

b Admissions policies . . . . . . . . . . . . .

c Employment of faculty or administrative staffs . . . . .

d Scholarships or other financial assistance? .

e Educational policies

f Use of facilities

g Athletic programs

h Other extracurricular activities

If you answered "Yes" to any of the above, please explain (If you need more space, attach a separate statement )

34a Does the organization receive any financial aid or assistance from a governmental agency

b Has the organization's right to such aid ever been revoked or suspended? . If you answered "Yes" to either 34a or b, please explain using an attached statement

50 Grassroots lobbying expenditures . . 71,357 50,275 59,315 51,836 232,783 Lobbying Activity by Nonelecting Public Charities (For reporting only by organizations that did not complete Part VI-A) (See page 11 of the instructions .)

During the year, did the organization attempt to influence national, state or local legislation, including any Yes No Amount attempt to influence public opinion on a legislative matter or referendum, through the use of:

121 ilid a Volunteers . . . . . . . . . . . . . . . b Paid staff or management (Include compensation in expenses reported on fines c through h.) c Media advertisements d Mailings to members, legislators, or the public e Publications, or published or broadcast statements f Grants to other organizations for lobbying purposes g Direct contact with legislators, their staffs, government officials, or a legislative body h Rallies, demonstrations, seminars, conventions, speeches, lectures, or any other means i Total lobbying expenditures (Add lines c through h .)

If "Yes" to any of the above, also attach a statement giving a detailed description of the lobbying activities . Schedule A (Form 990 or 990-EZ) 2004

Schedule A (Forth 990 or 990-E4 2004 Page) Lobbying Expenditures by Electing Public Charities (See page 9 of the instructions .) (To be completed ONLY by an eligible organization that filed Form 5768)

Check " a 0 if the organization belongs to an affiliated group Check " b [] if you checked "a" and "limited control" provisions apply

Limits on Lobbying Expenditures Affiliated group To be completed ~a~ ~L electing

(The term "expenditures" means amounts paid or incurred totals ) organizations

36 Total lobbying expenditures to influence public opinion (grassroots lobbying) . . , , 36 71 357

37 Total lobbying expenditures to influence a legislative body (direct lobbying) . . , , 37 156,085

38 Total lobbying expenditures (add lines 36 and 37) . . . 38 227,442

39 Other exempt purpose expenditures . . . . . . . . , , , , . 39 1,530,677

40 Total exempt purpose expenditures (add lines 38 and 39) 40 1,758,119

41 Lobbying nontaxable amount Enter the amount from the following table- If the amount on line 40 is- The lobbying nontaxable amount is- ~~p ;~z,,, ~

Not over $500,000 . . . . . 20% of the amount on line 40 , 411 - ~~ -,~ x-TSTi.

Over $500,000 but not over $1,000,000 . $100,000 plus 15% of the excess over $500,000 _,

Over $1 ,000, 000 but not over $1 ,500, 000 . $175 ,000 plus 10% of the excess over $1 000 00(1 ) 41 ~, 237,906

Over $1,500,000 but not over $17,000,000. $225,000 plus 5% of the excess over $1,500,000 ~~� Over $17,000,000 . , . . . $1,000,000 .-

42 Grassroots nontaxable amount (enter 25% of line 41). 42 ~ 59,476

43 Subtract line 42 from line 36 Enter -0- if line 42 is more than line 36 . . 43 11,881

44 Subtract line 41 from line 38 Enter -0- if line 41 is more than line 38 . . , . . . , 44 0 '

R

w~~ a

Caution: N there is an amount on either hne 43 or line 44, you must file Form 4720. .= 6^ <l~.s_i~ s

4-Year Averaging Period Under Section 501 (h) (Some organizations that made a section 501 (h) election do not have to complete all of the five columns below

See the instructions for lines 45 through 50 on page 11 of the instructions

Lobbying Expenditures During 4-Year Averaging Period

Calendar year (or (a) I (b) I (c) I (d) L (e) fiscal year beginning in) " 2004 2003 2002 2001 Total

45 Lobbying nontaxable amount . . 1 237,9061 244,5231 252,8111 252,2931 978,533

° ` v::r' - - '~5;:' u:,rj.;'~ ~f m u£,'-Tp ="R9,-'t94_~~, ` 46 Lobbying ceiling amount (150% of line 45(e)) .,~,~;�~ ; ,;,mr~-a yy.* ~~= __~ . . ~ IV.] 1,481,300

47 Total lobbying expenditures . . 1 227,442 1 200,397 1 219,071 1 180,098 1 827,008

48 Grassroots nontaxable amount . . , . 1 59,476 61,131 63,203 63,073 246,883

370,325 49 Grassroots ceding amount (150% of line 48(e)) I -4 j

Schedule A (Form 990 or 990-EZ) 2004 Pa g e s

j] Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (See page 11 of the instructions .)

51 Did the reporting organization directly or indirectly engage in any of the following with any other organization described m section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

a Transfers from the reporting organization to a nonchantable exempt organization of: Yes No (i) Cash . . . . . . . . . . , , , . , , . , 51a i r (ii) Other assets . . .

b Other transactions (i) Sales or exchanges of assets with a noncharitable exempt organization (ii) Purchases of assets from a noncharitable exempt organization b( ii ) (iii) Rental of facilities, equipment, or other assets b( iii ) (iv) Reimbursement arrangements b iv r (v) Loans or loan guarantees . b v (VI) Performance of services or mpmherchir nr fi,InVlrw ;s ;ny b(vi) , w

c Sharing of facilities, equipment, mailing lists, other assets, or paid employees . . . c J d If the answer to any of the above is "Yes," complete the following schedule Column (b) should always show the fair market value of the

floods , other assets', � . . .. , :~c~s, , :~c~s y.vcii by iilC IC~JUflllll ~ll~ organization it the organization received less than fair market value m any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received

52a Is the organization directly or indirectly affiliated with, or related to, one or more tax-exempt organizations described in section 501 (c) of the Code (other than section 507 (c)(3)) or in section 527 " El Yes 0 No

Schedule A (Form 990 or 990-EZ) 2004

GROSS COST OR NET GAIN SALES PRICE OTHER BASIS OR (LOSS)

EQUITY SECURITIES

STATEMENT 1

GEORGIA FOUNDATION FOR INDEPENDENT COLLEGES, INC. 58-0684740 FORM 990, PART 1, LINE Sa

$ 3,181,628 2,346,046 835,582

STATEMENT 2

GEORGIA FOUNDATION FOR INDEPENDENT COLLEGES, INC . 58-0684740 FORM 990, PART I, LINE 9 A

Gross Gross Direct Net Description Receipts Contributions Revenue Expenses Income

Golf Tournament 112,750 81,435 31,315 31,315 -

Total Q 417 7G(1 04 A')C ]~ 7~C 74 74C

IVICI W ~ ~~,~uV vI'Y1JJ JI"JIJ J I~JIJ

STATEMENT 3

GEORGIA FOUNDATION FOR INDEPENDENT COLLEGES 58-0684740 FORM 990, PART I, LINE 20, OTHER CHANGES IN NET ASSETS

Net unrealized gain on investments $ 39,238

STATEMENT 4

GEORGIA FOUNDATION FOR INDEPENDENT COLLEGES 58-0684740 FORM 990, PART II - LINE 22, GRANTS AND ALLOCATIONS

Agnes Scott College $ 57,114 Andrew College 18,452 Atlanta Christian College 12,066 Atlanta College of Art 23,140 Berry College 60,606 Brenau University 82,536 Brewton-Parker College 19,683 Clark Atlanta University 10,750 Covenant Coiiege 25,445 Emmanuel College 22,624 Georgia Military College 27,864 LaGrange College 82,506 Mercer University 88,519 Morehouse College 5,750 Morns Brown College 3,750 Oglethore University 47,251 Paine College 11,750 Piedmont College 54,917 Reinhardt College 29,351 Savannah College of Art and Design 29,715 Shorter College 63,643 Spelman College 10,750 Thomas University 19,803 Toccoa Falls College 16,804 Truett-McConnell College 21,690 Wesleyan College 49,992 Young Harris College 20,135 Nonmember institutions 12,580

929,186

STATEMENT 5

GEORGIA FOUNDATION FOR INDEPENDENT COLLEGES, INC. 58-0684740 FORM 990, PART III, PRIMARY EXEMPT PURPOSE AND EXEMPT PURPOSE ACHIEVEMENTS

Purpose

The Georgia Foundation for Independent Colleges, Inc is a not-for-profit organization formed in 1956 to provide a channel for business, industry, and individuals to support and contribute to independent member colleges and universities in Georgia

Grants and Allocations

In arrnrrianra with tha artirlcc of int-nrrnr4finn of fhc fniwnYl4f~r%n oil 4inriociyn4Forl fwnds urn

distributed 60 percent equally to the fund-raising member colleges and 40 percent to such colleges in proportion to total regular, full-time undergraduate enrollment in the colleges of arts and sciences Designated funds are distributed to the colleges specified by the donor .

During 2004, the Foundation received contributions of $12,580, which were designated to colleges, which were not members of the foundation These amounts were appropriately distributed during 2004

STATEMENT 6

GEORGIA FOUNDATION FOR INDEPENDENT COLLEGES, INC . 58-0684740 FORM 990, PART IV - INVESTMENTS - SECURITIES

Equity securities $ 9,525,613 Beneficial interest in perpetual trust 824,568

$ 10,350,181

Line d (2) - Other

In-kind contributions $ 7,900

STATEMENT 7

GEORGIA FOUNDATION FOR INDEPENDENT COLLEGES, INC . 58-0684740 FORM 990, PART 1V-A, RECONCILATION OF REVENUE

Line b (4) - Other

Golf Tournment contributions $ 31,315

STATEMENT 8

GEORGIA FOUNDATION FOR INDEPENDENT COLLEGES, INC. 58-0684740 FORM 990, PART IV-B, Reconciliation of Expenses

Line b (4) - Other

Golf Tournment expenses $ 31,315

dine d (2) - Other

In-kind contributions - supplies $ 7,900

STATEMENT 9

GEORGIA FOUNDATION FOR INDEPENDENT COLLEGES, INC . 58-0684740 SCHEDULE A - FORM 990 . PART 1V, LINE 13, SUPPORTED ORGANIZATIONS

Name of Supported Organization Line Number

Agnes Scott College 6 Andrew College 6 Atlanta Christian College 6 Atlanta College of Art 6 RPrry (_',nllPge g Brenau University 6 Brewton-Parker College 6 Clark Atlanta University 6 Covenant College 6 Emmanuel College 6 Georgia Military College 6 LaGrange College 6 Mercer University 6 Morehouse College 6 Morris Brown College 6 Oglethorpe University 6 Paine College 6 Piedmont College 6 Reinhardt College 6 Savannah College of Art and Design 6 Shorter College 6 Spelman College 6 Thomas University 6 Toccoa Falls College 6 Truett-McConnell College 6 Wesleyan College 6 Young Harris College 6

--------------------------------------------------------------------------------------------------------------------------------------------------------

2004 BOARD OF TRUSTEES

PRESIDENTS

r~A- Rrn%nin Ri illnrk lamac 1A1 VNannar Paula C \Nall~ ? Agnes Scott College Emory University The Savannah College of 141 East College Avenue Atlanta GA 30322 Art & Design Decatur GA 30030 404-727-6123 342 Bull Street 404-471-6000 Savannah GA 31402

Peter J Boylan 912-515-6165 David P Palmer Georgia Military College Andrew College Miliedgeville GA 31061-3398 Ed L Schrader 412 College Street 912-445-2700 Shorter College Cuthbert GA 31740 315 Shorter Avenue 229-732-2171 F Stuart Gulley Rome GA 30165

LaGrange College 706-291-2'121 R Edwin Groover 601 Broad Street Atlanta Christian College LaGrange GA 30240-2999 Beverly Daniel Tatum 2605 Ben Hill Road 706-882-2911 Spelman College East Point GA 30344 350 Spelman Lane SW 404-761-8861 R Kirby Godsey Atlanta GA 30314

Mercer University 404-681-3643 Ellen L Meyer 1400 Coleman Avenue Atlanta College of Art Macon GA 31207 John M Hutchinson Woodruff Arts Center 478-301-2700 Thomas University 1280 Peachtree Street NE 1501 Millpond Road Atlanta GA 30309 Walter E Massey Thomasville GA 31792-7499 404-733-5001 Morehouse College 912-226-1621

830 Westview Drive SW J Scott Colley Atlanta GA 30314 W Wayne Gardner Berry College 404-215-3482 Chief Executive Officer P O Box 490039 Toccoa Falls College Mount Berry GA 30149 Leroy Frazier, Interim President Toccoa Falls GA 30598-0068 706-232-5374 Morns Brown College 706-886-6831

643 Martin Luther King, Jr Dr John S Burd Atlanta GA 30314 Jerry W Pounds, Sr Brenau University 404-220-0100 Truett-McConnell College One Centennial Circle 100 Alumni Drive Gainesville GA 30501 Larry D Large Cleveland GA 30528 770-534-6299 Oglethorpe University 706-865-2134

4484 Peachtree Road David R Smith Atlanta GA 30319 Ruth A Knox Brewton-Parker College 404-261-1441 Wesleyan College Mount Vernon GA 30445-0197 4760 Forsyth Road 912-583-2241 Shirley A R Lewis Macon GA 31297

Paine College 478-477-1110 Walter D Broadnax 1235 Fifteenth Street Clark Atlanta University Augusta GA 30901-3182 Clay Dotson (interim) 240 James P Brawley Dr SW 706-821-8200 Young Harass College Atlanta GA 303'I4 P O Box 98 404-880-8000 W Ray Cleere Young Harris GA 30582-0098

Piedmont College 706-379-3112 Niel B Nielson P O Box 10 Covenant College Demorest GA 30535 Lookout Mountain GA 30750 706-778-8014 706-820-1560

J Thomas Isherwood David R Hopkins Reinhardt College Emmanuel College 7300 Reinhardt College Circle Franklin Springs GA 30639-0128 Waleska GA 30183

Sr Rr ~M e N'('

706-245-7226 770-720-5500

cff 2/9/04

THE GEORGIA FOUNDATION FOR INDEPENDENT COLLEGES, INC. Suite 1730, Resurgens Plaza - 945 East Paces Ferry Road

" ' Atlanta GA 30326 Phone 404-233-5433 Fax 404-233-6309

www georgiacolleges org

Executive Committee Staff John B Floyd, Chair Henry J Hector, President David Hopkins, Vice Chair Katnna P Graham, Vice President Walter E Massey, Vice Chair-Elect James E Toney, Director of Government Affairs J Scott Colley, Past Vice Chair Carol Lynch, Director of Scholarship and James Dykhouse, Treasurer Administrative Programs & Corporate Secretary Eugene G Hartleb Chanda R Swinney-Mitchell, Computer Bonnie P Wurzbacher Information Specialist

Sonia F Anderson, Administrative Assistant

INSTITUTIONAL TRUSTEES

Agnes SCbtt College Emory University Piedmont College Kathleen B Ashe Linton H Bishop, Jr, M D Edward D Ariail, President 82 'Westminster Drive NE 11 Westminster Close Habersham Bank Atlanta GA 30309 Atlanta GA 30327 P O Box 1984 404-656-0116 404-351-4396 Cornelia GA 30531

706-778-1000 Andrew College Georgia MditarV College Emily Jean McAfee Randall A New Reinhardt College 1205 Pinecrest Drive 445 Underwood Road Lynn H . Johnston Albany GA 31707 Milledgevdle GA 31061 P O Box 88363 912-432-5697 912-452-2384 Atlanta GA 30356

770-394-4782 Berry College LaGrange College Martha Berry Walstad Charles M. Miller Shorter College P O Box 5146 President Glenda Carroll Rome GA 30162 Community Bank & Trust 1900 Valley Road 706-295-2536 P 0 Box 1900 Gainesville GA 30501

Cornelia GA 30531 770-531-0313 Brenau University 706-778-2265

Spelman College W. L Norton Agency, Inc Mercer University Allen P McDaniel 434 Green Street Preston C Williams, Jr Managing Director (main?cvdla G-4, gnsni r v Son 700 Salomon Smith Barney, Inc 770-532-0022 Montezuma GA 31063 3455 Peachtree Rd NE-Suite 1900

912-472-8518 Atlanta GA 30326 Brewton-Parker College 404-842-2444 Ed Salver Morehouse College Allied Holdings, Inc Linden Longino Thomas University 160 Clairemont Avenue #378 International Program Director David Lewis Decatur GA 30030 Youth Art Connection 123 Pinewood Place 404-370-4333 63 Auburn Avenue Thomasville GA 31792

Atlanta GA 30303 912-226-6784 Covenant College 404-355-9105 Jim Jolly Toccoa Falls College J&J Industries, Inc Oglethorpe University David Scott P O Box 1287 Joel Goldberg 1594 Rainier Falls Drive NE Dalton GA 30720 The Rich Foundation Atlanta GA 30329 706-278-4454 x261 3495 Piedmont Road NE 404-633-4997

Suite 204 Emmanuel College Atlanta GA 30305 Truett-McConnell College Lint Eberhardt, President 404-262-2499 Henry Fields Pinnacle Bank 8580 Prather Road P O Box 617 Toccoa GA 30577 Royston GA 30662 706-886-1580 706-245-7341

TRUSTEES-AT-LARGE

John M Allen, Jr Dabney M Daniel, CFP and RIA Charles Glassick Legacy Financial Advisors Dunwoody Brokerage Services, Inc 216 Mills Avenue 401 Macy Drive 4243 Dunwoody Club Drive Spartanburg SC 29302 Roswell GA 30076 Suite 200 864-585-4236 (05) 770-552-1025 (05)' Atlanta GA 30350-5206

678-731-0007 x209 (05) Eugene G Hartleb Anne P Berg, Grant Consultant 6485 Westchester Place The Rich Foundation, Inc James Dykhouse Gumming GA 30040 11 Piedmont Center, Suite 204 330 Amherst Court NE 678-947-9922 (05) Atlanta GA 30305 Atlanta GA 30328 404-262-2266 (06) 770-393-1364 (06) Jack E Hartman, President

SunTrust Bank, SE Georgia, N A Otis D Blake, Jr , President Bryan Fletcher P O Box 1477 Blake Developments, Inc Region VP Brunswick GA 31521-1477 P O Box 52 Georgia Power Company 912-265-0260 (06) Griffin GA 30224 241 Ralph McGill Blvd NE

Warren Y Jobe 770-228-0669 (07) Bin 10142 Atlanta GA 30308-3374 4050 Club Drive

Sailie Adams Daniel 404-506-7817 (06) Atlanta GA 30319

Director of Community Affairs and 404-231-1277 (07) Pro Bono John B Floyd, Senior VP

Donald A Laidlaw Troutman Sanders Endowment & Fdn Trust Svcs 600 Peachtree Street NE SunTrust Banks 24 Hampton Lane

Bluffton SC 29910 Suite 5200 P O Box 4655 Atlanta GA 30308-22_16 Atlanta GA 30302 843-837-7083 (p5)

404-885-3277 (07) 404-827-6486 (07)

STqiEM~N; ~0

StqTrzMEN-r to

TRUSTEES-AT-LARGE (con'd)

T. Bert Lance Gregory McCormack . President David J Sander P O Box 2228 Bobs Candies, Inc Mgr , Public & Government Affairs Caihoun GA 30703 P O Box 3170 ChevronTexaco 706-629-1226 (O5) Albany GA 31708 P O Box 1706

Ross W Lenhart, Executive VP z29-430-8300 (06) Atlanta GA 30301

770-984-3010 (05) Stern Communications Marilyn D McNeely, President 1255 Williams Street NW McNeely Foundation, Inc R H Seaman Atlanta GA 30309-2811 186 Duchess Lane 4420 Pemberton Cove 404-267-8340 (05) Clarkesvdle GA 30523 Alpharetta GA 30202

Carolyn F Lovett 706-839-6805 (OS) 770-664-5860 (OS)

Sr Dir -Market Development & John S Mori, President Ben T. Slade, III, CEO Business Unit Support Mori Luggage & Gifts Slade Hancock Insurance BeIISouth Telecommunications, Inc 3595 McCall Place P O Box 1354 1025 Lenox Park Blvd , Suite 68645 Atlanta GA 30340 Brunswick GA 31521-1354 Atlanta GA 30319 770-451-6674 x3016 (07) 912-265-1810 x114 (07) 404-986-1740 (05)

Howard J Mornson, Jr Bonnie P Wurzbacher Ruth H Marston, VP 5745 Ogeechee Road Corporate VP, Richmond Steriina Inc Lebanon Pia_ntahnn n;roc ;o ; of CLs;o;; c; g~;a;eyy 2870 Pharr Court South, Suite 2007 Savannah GA 31405-9505 The Coca-Cola Company Atlanta GA 30305 912-233-6970 (06) P O Drawer 1734 404-525-9606 (06) Atlanta rn 3n3n1

404-676-7817 (07)

'Date of expiration of term

PRESIDENT EMERITUS

William W Kelly

HONARARY LIFETIME TRUSTEES

Robert K Ackerman Walter Y Murphy L Henderson Traylor 185 Windsor Park Drive (President Emeritus, LaGrange 709 Piney Woods Drive Lexington SC 29072 College) LaGrange GA 30240 803-808-3639 410 Country Club Road 706-884-9491

Ike M Aiken, Jr LaGrange GA 30240

Paul L Turner, Jr P O Box 30095

706-646-2720 P O Box 2996

Sea Island GA 31561 Manning M Pattillo, Jr Gainesville GA 30503-2996 912-638-4723 (Honorary Chancellor, Oglethorpe 770-536-2347

University) John A Conant, Secretary 3747 Peachtree Road NE, Apt John H & Wilhelmina D Harland 1407

Charitable Foundation, Inc Atlanta GA 30319 Two Piedmont Center, Suite 106 404-233-3000 Atlanta GA 30305 404-264-9912 I Clayton Ramsey

Manly F Gilmer, Owner 780 Wesley Oak Drive

Gilmer Construction Company Atlanta GA 30328

P O Box 758 404-255-1501

Douglasviile GA 30133 Donald S Stanton 770-949-5782 312 Tillman Road

James M Griffith Lake Junaluska NC 28745

74 Butternut Lane Marion L Talmadge Lakemont GA 30552 2445 NW Westover Road 706-782-7961 Unit 417

Virgil Wingfield Harris Portland OR 97210-3156

62 Buena Vista Street Paul F Thiele, Chairman & CEO Winder GA 30680 Thiele Kaolin Company 770-867-3209 P O Box 1056

Sara H Lunsford Sandersville GA 31082

245 Chinaberry Drive 912-552-3951

Roswell GA 30075 John E Trainer 404-992-3399 President and Head of School

The Bolles School Paul J Mitchell 7400 San Jose Boulevard 507 Brook Circle Jacksonville FL 32217 Griffin GA 30224 770-227-6621

904-256-5026

STATEMENT 11

GEORGIA FOUNDATION FOR INDEPENDENT COLLEGES, INC. 58-0684740 FORM 990, PART II, LINE 43b

Management & General Fundraising

Public & Legislative Affairs $ 66,176 - FIHE Member Dues 20,632 - Operating Grant Expenses 2,529 - Insurance 2,046 - Investment Management Fees 49,590 vviiSuiiaiii$ O,UUV %L,LJO Computer reserve fund 5,729 - Miscellaneous 13 145 -

$ 167,847 72,238

By Date Director

Alternate Marling Address - Enter the address if you want the copy of this application for an additional 3-month extension returned to an address different than the one entered above

Name JAMES DYKHOUSE, CPA

Type or Number and street (include suite, room, or apt, no .) or a P.O box number print I330 AMHERST CT.,

- - City or town, province or state, and country (including postal or ZIP code) ATLANTA, GA 30328

Form 8868 (Rev 12-2004)

Forc A968 (411 12-2004) Page 2

* If you are fling for an Additional (not automatic) 3-Month Extension, complete only Part 11 and check this box " [J] Note. Only complete Pan II if you have already been granted an automatic 3-month extension on a previously fled Form 8868 * If you are fling for an Automatic 3-Month Extension, complete only Part I (on page 1) 10"I _ Additional not automatic 3-Month Extension of Time-Must File Original and One Copy. Type or Name of Exempt Organization Employer identification number p int GEORGIA FOUNDATION FOR INDEPENDENT COLLEGES, INC . r I 1 1, 1 58 :0684740 File by the Number, street, and room or suite no If a P O. box, see instructions For IRS use only extended 949 EAST PACES FERRY ROAD ;- due date for ring the City, town or post office, state, and ZIP code For a foreign address, see instructions return See - instructions ATLANTA, GA 30326-1116

Check type of return to be filed (File a separate application 'or each return)

D Form 990 0 Form 990-T (sec 401(a) or 408(a) trust) 0 Form 5227 Form 990-BL El Form 990-T (trust other than above) n Fnrm rnFg

U Form 990-EZ 1:1 Form 1041-A D Form 8870 0 Form 990-PF 0 Form 4720 STOP' Do not complete Pan II if you warp not alrpar_Iv granted a.,a~_to.�a±ici_ ..,c.;±ti . . ..tc~s;c ; ..- ~ Mad ~ ~-v . o j,ic'viGuSij iu i', ill oouo .

" The books are in the care of " -CAROL LYNCH ~ J __ ._ _ _______ . . ------ Telephone No . " (_ _ 404 ) _ _ _ _ _ _ 233-5433 . FAX No " 404 233-6309

" If the organization does not have an office or place of business m the United States, check this box " D " If this is for a Group Return, enter the organization's four digit Group Exemption Number (GEN) If this is for the whole group, check this box " E) If it is for part of the group, check this box " EJ and attach a list with the names and EINs of all members the extension is for 4 I request an additional 3-month extension of time until _ ._ ._

_-- NOVEMBER 15 __ 20 05

5 For calendar year 004 ,or other tax year beginning . . . . . . . . . . . . . . . _ ._____ . . . . . . . . 20 . , and ending ________ . , 20 _ 6 If this tax year is for less than 12 months, check reason . 0 Initial return 0 Final return D Change in accounting period 7 State in detail why you need the extension ADDITIONAL TIME IS NEEDED TO GATHER THE INFORMATION

-- -------- - --------- - ------------ -------- - - ------- - ----------- ---NECESSARY TO FILE A COMPLETE AND ACCURATE TAX RETURN .

8a If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less any NONE nonrefundable credits . See instructions

b Ii this application is for Form 990-PF, 990-T, 4720, or 6069, enter any refundable credits and estimated tax payments made Include any prior year overpayment allowed as a credit and any amount paid previously with Form 8868 $ NONE

c Balance Due . Subtract line 8b from line Sa Include your payment with this form, or, if required, deposit with FTD coupon or, if required, by using EFTPS (Electronic Federal Tax Payment System) See instructions $ NONE

Signature and Verification Under penalties o1 penury, I declare that I have examined this dorm, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete, and that I am authorized to prepare this form

Title " ( PA , T/ Wsv{Cf Date 11- N it lryooS

\.J (./ Notice to Applicant-To Be Completed by the IRS -- We have approved this application Please attach this form to the organization's return RECEIVED We have not approved this application However, we have granted a 10-day grace period from the la C310 be!- -date of the organization's return (including any prior extensions) This grace period is considered to b app d extension of time for e otherwise required to be made on a timely return Please attach this form to the organization's return

N AU We have not approved this application After considering the reasons stated in i'em 7, we cannot gran you request for an extel5 g,n to file We are not granting a 10-day grace period

D We cannot consider this application because it was fled after the extended due date of the return f r whic0G0E`N

w,sIrEU Other -~------------- . . . - - ------------- -----~--~------ - - ----- ---- - - --------- ---- ------- - - ------- - --1J-1