2021-12-20T09:30:22-06:00 2021-06-30 560574444 Cherry Bekaert LLP 1029 Greene Street Augusta GA 30901 990 2020-07-01 582491922 UGA Real Estate Foundation Inc UGAR 7065830811 1280 South Lumpkin Street Athens GA 30602 Eric Orbock Executive Director 2021-12-20 true Eric Orbock 999009999 Amanda Adams P00748038 7067243557 2020 2022-09-23 18:48:47Z Eric Orbock 1280 South Lumpkin Street Athens GA 30602 33643779 false X www.ugaref.com X 1999 GA The UGA Real Estate Foundation, Inc. manages and improves various real estate assets for the benefit of the University of Georgia, governed by the Board of Regents of the University System of Georgia. The UGA Real Estate Foundation may also provide support to the Board of Regents, and colleges and universities of the University System of Georgia. 10 5 0 5 0 0 0 15754760 15482989 551033 -5525233 0 16305793 9957756 0 0 0 0 0 15571538 14033217 15571538 14033217 734255 -4075461 291545958 307144887 239235630 259048013 52310328 48096874 The UGA Real Estate Foundation manages and improves various real estate assets for the benefit of the University of Georgia, governed by the Board of Regents of the University System of Georgia. The UGA Real Estate Foundation may also provide support to the Board of Regents, and colleges and universities of the University System of Georgia. false false 13543962 15482989 The development, improvement, administration, and maintenance of property acquired and held for the benefit of the University of Georgia and the University System of Georgia. 13543962 true false false false false false false false false true false true true true false true true false true true false false false false false false false false true true false false false false false false false false false false false false false false true true false true false true X 12 0 true 0 false true IT false false false false false false false false false false X 10 5 false false false false true true true true true false false true true true true true true false false false GA X Chad Cleveland 7065426860 456 E Broad St Athens GA 30602 David C Lee Vice-Chairman 1.0 40.0 X X 0 280848 37018 Henry J Munneke Secretary 1.0 40.0 X X 0 323463 58135 John W Rooker Treasurer 1.0 0.0 X X 0 0 0 Ryan A Nesbit Chairman 3.0 40.0 X X 0 259497 90801 Greg C Guyer Trustee 1.0 1.0 X 0 0 0 Jack Hu Ex-Officio Trustee 1.0 40.0 X 0 494039 52175 Jere W Morehead Ex-Officio Trustee 1.0 40.0 X 0 683506 252999 Kirby Alton Trustee 1.0 1.0 X 0 0 0 Paige Collier Trustee 1.0 0.0 X 0 0 0 Thilo D Best Trustee 1.0 0.0 X 0 0 0 Eric P Orbock Executive Director 30.0 10.0 X 0 210079 76959 Josef M Broder Former Officer 0.0 40.0 X 0 227444 65193 0 2478876 633280 0 true true false Leapley Construction Group Atlanta LLC 180 Interstate North Parkway SE Suite 140 Atlanta GA 30339 Construction 319818 Fortson Bentley and Griffin PA 2500 Daniells Br Rd Bld 200 Ste 3A Athens GA 30606 Legal 163509 Cherry Bekaert LLP P O Box 25549 Richmond VA 232605500 Accounting Services 105100 3 0 CAPITAL LEASE INTEREST INCOME 900099 10566147 10566147 RENTAL INCOME 900099 4902464 4902464 LICENSE/EASEMENT INCOME 900099 14378 14378 0 0 0 0 15482989 527735 527735 0 0 125166 17507889 0 23686023 125166 -6178134 -6052968 -6052968 0 0 0 0 0 9957756 15482989 0 -5525233 94002 91471 2531 62497 62497 13044 13044 341918 0 341918 0 4071 4071 3080 3080 712962 671762 41200 9850379 9850379 114323 114323 53278 32364 20914 LEASE EXPENSE 2583622 2583622 PROPERTY OPERATING EXPENSE 198744 198744 CORPORATE REGISTRATION 850 850 BANK FEES 447 447 0 0 0 0 14033217 13543962 489255 0 21291767 18480550 0 0 223724 229957 30125283 2002466 28237140 28122817 6393333 6544679 0 5801251 56076478 1835296 1835296 227763447 195855110 291545958 307144887 498290 5065238 1992874 5706651 146902468 162887075 0 88006222 83701222 1835776 1687827 239235630 259048013 X 52310328 48096874 52310328 48096874 291545958 307144887 -4075461 -137993 0 X false true X true false X X 2 University of Georgia 586001998 2 true 0 0 University of Georgia Research Foundation Inc 581353149 7 true 0 0 2 0 0 true true false false false false false false false false false false false false false true false Schedule A, Part I, Line 12g Column V The UGA Real Estate Foundation supports the University of Georgia by financing and building projects. The University then pays the UGA Real Estate Foundation rent for these properties. Anywhere from 19 to 30 years from the inception of each project's lease, these properties will transfer to the Board of Regents. Since the UGA Real Estate Foundation did not "give" the University money or property, the amount of support reported on Schedule A is "0". No support was given to the University of Georgia Research Foundation (the UGA Real Estate Foundation's sole member) either on their behalf or on behalf of the University of Georgia. Schedule A, Part IV, Section A, Line 2 Supported Org. Without IRS Status 509(a)1 or (2) The UGA Real Estate Foundation supports the University of Georgia which is a political subdivision of the University System of Georgia which is a political subdivision of the state of Georgia and is exempt from federal income tax. 26748393 26748393 3179498 1805074 1374424 197392 197392 0 28122817 CONSTRUCTION IN PROGRESS 14987621 C BOND PROCEEDS RESTRICTED FOR DEBT 41088857 C 56076478 INTEREST RECEIVABLE 22820 CAPITAL LEASE RECEIVABLE 195832290 195855110 LEASE RENT LIABILITY 1682488 A/P RELATED AFFILIATES 5339 1687827 15984853 -137993 6178134 6040141 9944712 13044 0 13044 9957756 20198307 6178134 6178134 14020173 13044 0 13044 14033217 Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Loss on Early Termination of Capital Lease - 5155015 Loss on Extinguishment of Debt - 1021290 Other Investment Expense - 1829 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Loss on Early Termination of Capital Lease - 5155015 Loss on Extinguishment of Debt - 1021290 Other Investment Expense - 1829 Europe (Including Iceland and Greenland) 0 1 Program Services rental real estate 53914 0 1 0 0 0 1 53914 0 53914 false false false false false false false true false false false false false false false David C Lee Vice-Chairman 0 276648 0 0 0 4200 0 26334 0 10684 0 317866 0 0 Henry J Munneke Secretary 0 323463 0 0 0 0 0 30878 0 27257 0 381598 0 0 Ryan A Nesbit Chairman 0 248337 0 0 0 11160 0 62081 0 28720 0 350298 0 0 Jack Hu Ex-Officio Trustee 0 494039 0 0 0 0 0 26334 0 25841 0 546214 0 0 Jere W Morehead Ex-Officio Trustee 0 682506 0 0 0 1000 0 244088 0 8911 0 936505 0 0 Eric P Orbock Executive Director 0 210079 0 0 0 0 0 45147 0 31812 0 287038 0 0 Josef M Broder Former Officer 0 227444 0 0 0 0 0 47018 0 18175 0 292637 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation The UGA Real Estate Foundation's Executive Director is paid directly by the University of Georgia for his role as the Executive Director. The University of Georgia Vice President for Finance and Administration establishes the Executive Director's annual compensation using the state of Georgia's budgetary guidelines. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan The compensation reported in Schedule J, Part II, Column C includes deferred compensation of $209,529 paid by the University of Georgia during 2020 as part of a supplemental nonqualified retirement plan for Jere W. Morehead. For fiscal year 2021, the University System of Georgia Board of Regents approved an annualized $225,074 contribution made by the University of Georgia on behalf of Jere W. Morehead to an approved deferred compensation plan per Board of Regents' policy. A Athens Housing Authority 586002838 047093HJ1 2020-12-09 43456458 To construct a residence hall. false false false B Athens Housing Authority 586002838 047093EL9 2012-06-11 22476167 To construct a residence hall false false false C Development Authority of the Unified Government of Athens-Clarke County GA 582613761 047059FB1 2013-06-27 25031053 To construct a dining facility false false false D Development Authority of the Unified Government of Athens-Clarke County GA 582613761 047059GB0 2016-06-16 61143584 To refinance all remaining bonds (orig issue 1/29/08) with lower rate bonds false false false A 0 43456458 749124 630901 10318956 31757477 false false false true B 11350000 22476303 898555 405793 304141 20867814 2013 false false true true C 6815000 25031153 1077425 372539 462744 23118445 2014 false false true true D 9365000 62026066 596838 36278 61392950 2009 false true true true A false false false false true 0.0 false false true B false false false false 0.0 false false true C false false false false 0.0 false false true D false false false false 0.0 false false true A false false false true false false false false true B false false false true false false false false true C false false false true false false false false true D false false false true false false false false true A true B true C true D true Schedule K, Part II, Line 3 CUSIP # 047093EL9 Total proceeds do not equal the bond issued. Difference is investment income. Schedule K, Part II, Line 3 CUSIP # 047059FB1 Total proceeds do not equal the bond issued. Difference is investment income. Schedule K, Part II, Line 3 CUSIP # 047059GB0 Total proceeds do not equal the bond issued. Difference is investment income. Schedule K, Part II, Line 3 CUSIP # 047093FF1 Total proceeds do not equal the bond issued. Difference is investment income. Schedule K, Part II, Line 3 CUSIP # 047059JG6 Total proceeds do not equal the bond issued. Difference is investment income. Schedule K, Part IV, Line 2c COLUMN B Issuer name: Athens Housing Authority The calculation for computing no rebate due was performed on 06/01/2017 Schedule K, Part IV, Line 2c COLUMN C Issuer name: Development Authority of the Unified Government of Athens-Clarke County, GA The calculation for computing no rebate due was performed on 06/15/2018 Schedule K, Part IV, Line 2c COLUMN D Issuer name: Development Authority of the Unified Government of Athens-Clarke County, GA The calculation for computing no rebate due was performed on 12/15/2020 Schedule K, Part IV, Line 2c COLUMN A Issuer name: Athens Housing Authority The calculation for computing no rebate due was performed on 12/15/2020 Schedule K, Part IV, Line 2c COLUMN B Issuer name: Development Authority of the Unified Government of Athens-Clarke County, GA The calculation for computing no rebate due was performed on 09/14/2019 A Athens Housing Authority 586002838 047093FF1 2017-02-09 48929542 To refinance all remaining bonds (orig issue 7/15/09) with lower rate bonds. false false false B Development Authority of the Unified Government of Athens-Clarke County GA 582613761 047059JG6 2017-09-14 16021388 To refinance all remaining bonds (orig issue 11/25/09) with lower rate bonds. false false false A 5925000 50295851 544724 49751127 2010 false true true true B 2115000 16374497 317858 5273 16051366 2009 false true true true A false false false false 0.0 false false true B false false false false 0.0 false false true A false false false true false false false false true B false false false true false false false false true A true B true Form 990, Part VI, Line 6 Classes of members or stockholders The University of Georgia Research Foundation is the sole member of the UGA Real Estate Foundation. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body The University of Georgia Research Foundation elects members to the governing body of the UGA real Estate Foundation. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders The University of Georgia Research Foundation has the ability to approve certain decisions of the governing board, such as changing by-laws. Form 990, Part VI, Line 11b Review of form 990 by governing body IRS Form 990 is provided electronically to the Board of Trustees prior to the filing deadline with sufficient lead-time to allow for review by the Board of Trustees. Any responses are addressed before the return is filed. Form 990, Part VI, Line 12c Conflict of interest policy Board members and officers of the UGA Real Estate Foundation are given a form to complete each year requesting disclosure of all related entities and transactions. Any conflicts noted are discussed and appropriate action taken, if deemed necessary. Form 990, Part VI, Line 19 Required documents available to the public The UGA Real Estate Foundation's governing documents, conflict of interest policy, and financial statements are available to the public upon request. 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