2019-11-12T10:00:48-06:00 2019-06-30 560574444 Cherry Bekaert LLP 1029 Greene Street Augusta GA 30901 990 2018-07-01 582491922 UGA Real Estate Foundation Inc UGAR 7065830811 1280 South Lumpkin Street Athens GA 30602 Eric Orbock Executive Director 2019-11-12 true Amanda Adams P00748038 7067243557 2018 2020-03-31 21:24:44Z Eric Orbock 1280 South Lumpkin Street Athens GA 30602 17346745 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 17102855 16663658 1471357 682046 0 18574212 17345704 0 0 0 0 0 14952130 13747002 14952130 13747002 3622082 3598702 299387226 294056061 252201904 242883050 47185322 51173011 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 13265225 16663658 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. 13265225 true false false false false false false false false true false false 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 6 0 true 0 false true IT false false false false true 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 Ryan A Nesbit Chairman 3.0 40.0 X X 0 282138 81960 David C Lee Vice-Chairman 1.0 40.0 X X 0 302989 48958 Henry J Munneke Secretary 1.0 40.0 X X 0 307504 54236 John W Rooker Treasurer 1.0 0.0 X X 0 0 0 Kirby Alton Trustee 1.0 1.0 X 0 0 0 Thilo D Best Trustee 1.0 0.0 X 0 0 0 Paige Collier Trustee 1.0 0.0 X 0 0 0 Greg C Guyer Trustee 1.0 1.0 X 0 0 0 Jere W Morehead Ex-Officio Trustee 1.0 40.0 X 0 1357300 244026 Libby Morris Ex-Officio Trustee 1.0 40.0 X 0 292050 74356 Eric P Orbock Executive Director 30.0 10.0 X 0 200648 71690 Josef M Broder Former Officer 0.0 40.0 X 0 215969 62313 0 2958598 637539 0 true true false Fortson Bentley and Griffin PA 2500 Daniells Br Rd Bld 200 Ste 3A Athens GA 30606 Legal Kutak Rock LLP P O Box 30057 Omaha NE 681031157 Legal Moody's Investor Services Inc PO Box 102597 Atlanta GA 303680597 Financial 0 0 CAPITAL LEASE INTEREST INCOME 900099 12343515 12343515 RENTAL INCOME 900099 4320143 4320143 0 0 0 0 16663658 659189 659189 0 0 23898 1041 23898 -1041 22857 22857 0 0 0 0 0 17345704 16663658 0 682046 199738 175011 24727 55000 55000 16849 16849 321495 0 321495 0 1502 1502 3000 3000 539087 499087 40000 78 78 1659 1659 9901906 9901906 114324 114324 44071 26604 17467 LEASE EXPENSE 2431600 2431600 PROPERTY OPERATING EXPENSE 115582 115582 CORPORATE REGISTRATION 800 800 BANK FEES 311 311 0 0 0 0 13747002 13265225 481777 0 22815059 24129864 0 0 195193 208065 19101114 1773820 17441618 17327294 11552779 12257546 0 5786909 6541121 1835296 1835296 239760372 231756875 299387226 294056061 562529 696020 2006940 2026270 239158580 229758674 0 8516222 8516222 1957633 1885864 252201904 242883050 X 44757501 48351777 2427821 2821234 47185322 51173011 299387226 294056061 3598702 388987 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. 15724224 15724224 3179498 1576428 1603070 197392 197392 0 17327294 INTEREST RECEIVABLE 22820 CAPITAL LEASE RECEIVABLE 231616245 A/R RELATED AFFILIATES 117810 231756875 LEASE RENT LIABILITY 1876114 A/P RELATED AFFILIATES 9750 1885864 17717842 388987 0 388987 17328855 16849 0 16849 17345704 13730153 0 0 13730153 16849 0 16849 13747002 Europe (Including Iceland and Greenland) 0 1 Program Services rental real estate 51079 0 1 0 0 0 1 51079 0 51079 false false false false false false false true false false false false false false false Ryan A Nesbit Chairman 0 267610 0 0 0 14528 0 54898 0 27062 0 364098 0 0 David C Lee Vice-Chairman 0 298510 0 0 0 4479 0 25410 0 23548 0 351947 0 0 Henry J Munneke Secretary 0 295072 0 0 0 12432 0 29314 0 24922 0 361740 0 0 Jere W Morehead Ex-Officio Trustee 0 620851 0 0 0 736449 0 235456 0 8570 0 1601326 0 711949 Libby Morris Ex-Officio Trustee 0 291771 0 0 0 279 0 57351 0 17005 0 366406 0 0 Eric P Orbock Executive Director 0 200369 0 0 0 279 0 40706 0 30984 0 272338 0 0 Josef M Broder Former Officer 0 215969 0 0 0 0 0 42522 0 19791 0 278282 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 $202,110 paid by the University of Georgia during 2018 as part of a supplemental nonqualified retirement plan for Jere W. Morehead. The compensation reported in Schedule J, Part II, Column F of $711,949 was paid by the University of Georgia to Jere W. Morehead during 2018 from prior years' deferred compensation supplemental nonqualified retirement plan contributions and has been included in his taxable compensation. For fiscal year 2019, the University System of Georgia Board of Regents approved an annualized $220,661 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 Housing Authority of the City of Athens GA 586002838 047093BZ1 2010-03-01 36102798 To refinance higher rate bonds (orig issue 12/18/02) with lower rate bonds true false false B Housing Authority of the City of Athens GA 586002838 047093DF3 2011-12-01 49335589 To refinance higher rate bonds (orig issue 12/18/02) with lower rate bonds false false false C Development Authority of the Unified Government of Athens-Clarke County GA 582613761 047059DA5 2011-12-15 33291961 To refinance all remaining bonds (orig issue 12/26/02) with lower rate bonds false false false D Housing Authority of the City of Athens GA 586002838 047093EL9 2012-06-11 22476167 To construct a residence hall false false false A 16090000 1925000 37723351 457858 18693 37246800 2004 false true true true B 1925000 49566104 507841 13363 49044900 2004 false true true true C 8275000 34577328 383729 8665 34184934 2003 false true true true D 9965000 22476303 898555 405793 304141 20867814 2013 false false true true A false false false false 0.0 false false true B false false false false 0.0 false false true C false false false true true 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 # 047093BZ1 Total proceeds do not equal the bond issued. Difference is investment income and funds from Debt Service Reserve. 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 II, Line 3 CUSIP # 047093DF3 Total proceeds do not equal the bond issued. Difference is investment income and funds from Debt Service Reserve. Schedule K, Part II, Line 3 CUSIP # 047059DA5 Total proceeds do not equal the bond issued. Difference is investment income and funds from Debt Service Reserve. Schedule K, Part IV, Line 2c COLUMN A Issuer name: Housing Authority of the City of Athens, GA The calculation for computing no rebate due was performed on 03/01/2015 Schedule K, Part IV, Line 2c COLUMN B Issuer name: Housing Authority of the City of Athens, GA The calculation for computing no rebate due was performed on 12/01/2016 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 12/15/2013 Schedule K, Part IV, Line 2c COLUMN D Issuer name: Housing Authority of the City of Athens, GA The calculation for computing no rebate due was performed on 06/01/2017 Schedule K, Part IV, Line 2c COLUMN A 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 B Issuer name: Development Authority of the Unified Government of Athens-Clarke County, GA The calculation for computing no rebate due was performed on 06/01/2017 Schedule K, Part IV, Line 2c COLUMN C Issuer name: Housing Authority of the City of Athens, GA The calculation for computing no rebate due was performed on 06/15/2017 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 09/14/2019 A 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 B 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 C Housing Authority of the City of Athens GA 586002838 047093FF1 2017-02-09 48929542 To refinance all remaining bonds (orig issue 7/15/09) with lower rate bonds. false false false D 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 5960000 25031153 1077425 372539 462744 23118445 2014 false false true true B 5450000 62026066 596838 36278 61392950 2009 false true true true C 3485000 50295851 544724 49751127 2010 false true true true D 1100000 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 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 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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