Institutional funding context
A salary cut in a shrinking budget reads very differently from one in a growing budget. The pay figures across this site sit inside two larger money flows: the institution’s total state payroll, and the wealth of its affiliated foundations and corporations — which also pay compensation the state export never shows.
The whole picture: revenue, spending & net
Every domain of funding and spending in one view. Revenue sources stack upward, expense functions stack downward from the zero line, one bar per year; the taller side wins, and the net (surplus or deficit) is the dashed line on the right axis. A comfortable, steady surplus signals financial health; a line hugging or dipping below zero signals strain.
Total state payroll
Sum of all salaries paid per institution per year (Open Georgia). Individual raises and cuts should be read against whether the whole payroll was expanding or contracting.
| Fiscal year | Georgia Tech | UGA | Georgia State | Kennesaw State |
|---|---|---|---|---|
| FY2025 | $1.4B | $1.1B | $544.1M | $359.6M |
| FY2024 | $1.3B | $1.1B | $527.5M | $331.7M |
| FY2023 | $1.2B | $994.4M | $503.7M | $302.4M |
| FY2022 | $1.1B | $934.6M | $483M | $285.9M |
| FY2021 | $941M | $869.9M | $468.1M | $256.8M |
| FY2020 | $909.5M | $858M | $477.6M | $250.5M |
| FY2019 | $857.6M | $831.9M | $457.4M | $242.9M |
| FY2018 | $830M | $803.7M | $451.8M | $242.3M |
| FY2017 | $781.3M | $776.1M | $441.2M | $223.6M |
| FY2016 | $732.5M | $727M | $417.2M | $210.1M |
| FY2015 | $703.4M | $686.1M | $330.5M | $195.6M |
Endowment foundation net assets
End-of-year net assets of each institution’s endowment foundation (IRS Form 990) — a proxy for institutional wealth behind the operating budget.
| Fiscal year | Georgia Tech | UGA | Georgia State | Kennesaw State |
|---|---|---|---|---|
| FY2024 | — | $2.2B | — | — |
| FY2023 | $3.1B | $2B | $505M | $500.6M |
| FY2022 | $3.1B | $1.8B | $466.1M | $526.7M |
| FY2021 | $3.1B | $1.9B | $464.6M | $537.5M |
| FY2020 | $2.3B | $1.4B | $401.1M | $451.6M |
| FY2019 | $2.3B | $1.4B | $412.3M | $453.9M |
| FY2018 | $2.2B | $1.3B | $422.8M | $461.3M |
| FY2017 | $2.1B | $1.2B | $436M | $458.7M |
| FY2016 | — | $1.1B | $420.8M | $443.9M |
| FY2015 | $1.9B | $1B | $332.6M | $459.5M |
| FY2014 | $1.9B | $1B | $505.1M | $461.1M |
| FY2013 | $1.7B | $866.2M | $479.5M | $445.3M |
| FY2012 | $1.6B | $754.1M | $455.1M | $408.7M |
| FY2011 | $1.6B | $627M | $427.9M | $384.2M |
Affiliated financial ecosystem (latest 990)
Each institution’s affiliated nonprofits — the research corporation, endowment foundation, and athletic association — with their most recent annual revenue, total expenses, net assets, and the money they granted back to the institution. These entities pay salaries and supplements outside the state payroll.
| Institution | Entity | Revenue | Expenses | Net assets | → To institution |
|---|---|---|---|---|---|
| Georgia Tech | Athletic association | $129.9M | $138.4M | $371.3M | $0 |
| Endowment foundation | $239M | $154.1M | $3.1B | $97.2M | |
| Research corporation | $431.8M | $418.9M | $331.6M | $9.8M | |
| UGA | Athletic association | $210.7M | $198.1M | $592.4M | $0 |
| Endowment foundation | $257.7M | $160.6M | $2.2B | $79.4M | |
| Research foundation | $321M | $317.3M | $140.6M | $297.6M | |
| Georgia State | Endowment foundation | $75.1M | $41.8M | $505M | $16.9M |
| Research foundation | $136.5M | $132.3M | $109.6M | $123.3M | |
| Kennesaw State | Endowment foundation | $59.1M | $52.9M | $500.6M | $18.2M |
“To institution” is the entity’s IRS Form 990 Schedule I grants to the university itself (cash + non-cash) — the endowment payout and research pass-through that flow back onto campus. A dash means the year’s full e-filed return wasn’t available. Athletic associations typically show none (they spend on athletics rather than granting to the university).