COMMUNITY FOUNDATION REAL ESTATE MANAGEMENT FUND INC: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
COMMUNITY FOUNDATION REAL ESTATE MANAGEMENT FUND INC (EIN 56-2035757)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-10-13
IRS object ID
201732869349300943
Schema version
2016v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2017-10-13T14:25:26-05:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN560574444PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CHERRY BEKAERT LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11111 Metropolitan Ave Ste 1000AddressLine1Txt
CityCharlotteCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28204ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN562035757EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Community Foundation Real EstateBusinessNameLine1Txt
Business Name Line2Management Fund IncBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlCOMMBusinessNameControlTxt
Phone3363799100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1330 South Greene Street No 100AddressLine1Txt
CityGreensboroCityNm
State AbbreviationNCStateAbbreviationCd
ZIP274012659ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJacqueline O'ConnellPersonNm
Person TitleTreasurerPersonTitleTxt
Phone3363799100PhoneNum
Signature2017-10-05SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAmanda AdamsPreparerPersonNm
PTINP00748038PTIN
Phone7043771678PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address68.142.180.174IPv4AddressTxt
FieldValueIRS element (for citing)
IP2017-10-05IPDt
IP Tm12:31:01IPTm
IP TimezoneEDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device IdAAF9A48850E65576689608E2D75D0DA666178C35AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerH WALKER SANDERSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1330 South Greene Street No 100AddressLine1Txt
CityGreensboroCityNm
State AbbreviationNCStateAbbreviationCd
ZIP274012659ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,255,754GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1997FormationYr
Legal Domicile StateNCLegalDomicileStateCd
Activity Or Missionsupports the Community Foundation of Grtr Greensboro in strengthening local communitiesActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers10TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,775,826PYContributionsGrantsAmt
CY Contributions Grants$1,128,725CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$76,284PYInvestmentIncomeAmt
CY Investment Income$41,165CYInvestmentIncomeAmt
PY Other Revenue$63,667PYOtherRevenueAmt
CY Other Revenue$85,864CYOtherRevenueAmt
PY Total Revenue$2,915,777PYTotalRevenueAmt
CY Total Revenue$1,255,754CYTotalRevenueAmt
PY Grants And Similar Paid$66,162PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$13,809,236CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$206,936PYOtherExpensesAmt
CY Other Expenses$201,964CYOtherExpensesAmt
PY Total Expenses$273,098PYTotalExpensesAmt
CY Total Expenses$14,011,200CYTotalExpensesAmt
PY Revenues Less Expenses$2,642,679PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$12,755,446CYRevenuesLessExpensesAmt
Total Assets BOY$15,530,986TotalAssetsBOYAmt
Total Assets EOY$2,620,844TotalAssetsEOYAmt
Total Liabilities BOY$438,682TotalLiabilitiesBOYAmt
Total Liabilities EOY$283,986TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$15,092,304NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,336,858NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE FUND SERVES AS A SUPPORTING ORGANIZATION OF COMMUNITY FOUNDATION OF GREATER GREENSBORO TO ADMINISTER CHARITABLE FUNDS RELATING TO REAL PROPERTY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$120,980ExpenseAmt
Grant$67,739GrantAmt
DescThe Community Foundation Real Estate Management Fund administers charitable gifts and funds that involve holding or managing real estate, on behalf of The Community Foundation of Greater Greensboro.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$13,887,720ExpenseAmt
Grant$13,741,497GrantAmt
Revenue$18,125RevenueAmt
DescThe Community Foundation Real Estate Management Fund, on behalf of The Community Foundation of Greater Greensboro, planned, designed and constructed a new public park in downtown Greensboro. Opening of the Carolyn and Maurice LeBauer City Park- which is seen as the centerpiece of a new "cultural campus" downtown- occurred in August 2016.LeBauer Park was made possible through a generous donor's bequest to be used "for the creation of a public park for the benefit and enjoyment of the general population of Greensboro, particularly children and their families." The Park provides exceptional recreational equipment and activities, educational opportunities and public art, all within an extremely attractive, well-landscaped setting. The bequest directed The Community Foundation to carry out and ensure the intent of LeBauer's wishes, and upon completion to transfer the park to the city of Greensboro. In accordance with generally accepted accounting principles, the majority of costs related to the design, development and construction of the park was capitalized. In December 2016, LeBauer Park and the Organization's ownership interest in Center City Park were granted to the City of Greensboro for the enjoyment of its residents.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$14,008,700TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit CounselingYes (1)CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document5IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JACQUELINE O'CONNELLBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3363799100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1330 SOUTH GREENE STREET suite 100AddressLine1Txt
CityGREENSBOROCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27401ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
Chester H Brown Jr
President0.500.00Yes (X)Yes (X)$0$0$0
H Walker Sanders
Vice President8.0040.25Yes (X)Yes (X)$0$218,814$22,637
Jacqueline O'Connell
Treasurer5.0040.25Yes (X)Yes (X)$0$134,171$18,473
LOUISE BRADY
Director0.250.00Yes (X)$0$0$0
Lowell Easter
Director0.500.50Yes (X)$0$0$0
Albert S Lineberry Jr
Director0.250.00Yes (X)$0$0$0
Ann Lineweaver
Director0.250.00Yes (X)$0$0$0
Reid Phillips
Ex-Officio Director (Voting)5.002.00Yes (X)$0$0$0
Charles L Weill Jr
Director0.250.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$352,985TotReportableCompRltdOrgAmt
Total Other Compensation$41,110TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
FRANK L BLUM CONSTRUCTION COMPANY
PO BOX 4153WINSTONSALEMNC27115GENERAL CONTRACTOR LEBAUER PARK$8,651,158
THE OFFICE OF JAMES BURNETT
711 LOUISIANA SUITE 111HOUSTONTX77002DESIGN/LANDSCAPE ARCHITECT LEBAUER PARK$261,858
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
Related Organizations$1,102,000RelatedOrganizationsAmt
All Other Contributions$26,725AllOtherContributionsAmt
Total Contributions$1,128,725TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$41,165TotalRevenueColumnAmt
Exclusion$41,165ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
real estate hldg distr900099$67,739$67,739
project fee income900099$18,125$18,125
FieldValueIRS element (for citing)
Other Revenue Total$85,864OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,255,754TotalRevenueColumnAmt
Related Or Exempt Func Income$18,125RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$108,904ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$13,809,236TotalAmt
Program Services$13,809,236ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$128,493TotalAmt
Program Services$128,493ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$2,500TotalAmt
Management And General$2,500ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$49,247TotalAmt
Program Services$49,247ProgramServicesAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
Descother program expensesDesc
Total$21,724TotalAmt
Program Services$21,724ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$14,011,200TotalAmt
Program Services$14,008,700ProgramServicesAmt
Management And General$2,500ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$6,885,137BOYAmt
EOY$499,954EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$26,276BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,625,957LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$273,327LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$8,019,188BOYAmt
EOY$1,352,630EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$592,552BOYAmt
EOY$596,555EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$7,833BOYAmt
EOY$171,705EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$15,530,986BOYAmt
EOY$2,620,844EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$438,682BOYAmt
EOY$283,986EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$438,682BOYAmt
EOY$283,986EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$15,092,304BOYAmt
EOY$2,336,858EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$15,092,304BOYAmt
EOY$2,336,858EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$15,530,986BOYAmt
EOY$2,620,844EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$12,755,446ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type1Yes (X)SupportingOrgType1Ind
Supported Organizations1SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1COMMUNITY FOUNDATION OF GREATER GREENSBORO INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
EIN561380249EIN
Organization Type7OrganizationTypeCd
Governing Document ListedYes (1)GoverningDocumentListedInd
Support$67,739SupportAmt
Other Support$0OtherSupportAmt
FieldValueIRS element (for citing)
Supported Organizations Total1SupportedOrganizationsTotalCnt
Support Sum$67,739SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (1)ListedByNameGoverningDocInd
Suprt Org No IRS Determination0SuprtOrgNoIRSDeterminationInd
Supported Org Section C4560SupportedOrgSectionC456Ind
Supported Org Not Organized US0SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org0OrganizationChangeSuprtOrgInd
Support Non Supported Org0SupportNonSupportedOrgInd
Payment Substantial Contribtr0PaymentSubstantialContribtrInd
Loan Disqualified Person0LoanDisqualifiedPersonInd
Controlled Disqualified Prsn0ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int0DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int0DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules0ExcessBusinessHoldingsRulesInd
Contribution Controller0ContributionControllerInd
Contribution Family0ContributionFamilyInd
Contribution35 Controlled0Contribution35ControlledInd

Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp

FieldValueIRS element (for citing)
Power Appoint Majority Dir TrstYes (1)PowerAppointMajorityDirTrstInd
Operate Benefit Non Suprt Org0OperateBenefitNonSuprtOrgInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee EtcYes (1)AgentTrusteeEtcInd
Beginning Balance$0BeginningBalanceAmt
Additions During Year$1,560,649AdditionsDuringYearAmt
Distributions During Year$1,560,649DistributionsDuringYearAmt
Ending Balance$0EndingBalanceAmt
Incl Escrow Custodial Acct Liab0InclEscrowCustodialAcctLiabInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$890,000OtherCostOrOtherBasisAmt
Book Value$890,000BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$735,957OtherCostOrOtherBasisAmt
Depreciation$273,327DepreciationAmt
Book Value$462,630BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,352,630TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
Limited partnership interest$592,757F
INVESTMENT IN POOLED FUNDS$3,798F
FieldValueIRS element (for citing)
Total Book Value Securities$596,555TotalBookValueSecuritiesAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
Sales Tax Receivable$68,968
Other Receivables$102,737
FieldValueIRS element (for citing)
Total Book Value Other Assets$171,705TotalBookValueOtherAssetsAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part IV, Line 1b:THE CITY OF GREENSBORO REIMBURSED THE COMMUNITY FOUNDATION REAL ESTATE MANAGEMENT FUND FOR COSTS ASSOCIATED WITH THE RELOCATION OF AN INTERSECTION, AND IMPROVEMENTS TO ADJACENT PUBLIC STREETS, AROUND THE LEBAUER PARK ENTRANCE. NOTE THIS PARK AND THE RELATED IMPROVEMENTS WERE DEEDED TO THE CITY IN 2016 BY COMMUNITY FOUNDATION REAL ESTATE MANAGEMENT FUND. SEE THE FOUNDATION'S PROGRAM SERVICE ACCOMPLISHMENTS REPORTED ON THIS RETURN FOR ADDITIONAL INFORMATION.
Part X, Line 2:It is the ORGANIZATION's policy to evaluate all tax positions to identify any that may be considered uncertain. All identified material tax positions are assessed and measured by a "more-likely-than-not" threshold to determine if the tax position is uncertain and the impact, if any, the effect of the uncertain tax position may have on the combined financial statements. No material uncertain tax positions were identified during 2016 and 2015.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescNon Cash AssistanceNonCashAssistanceAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDescPurpose Of GrantPurposeOfGrantTxtCash GrantCashGrantAmt
City of Greensboro
PO Box 26120GREENSBORONC274026120566000230115$13,741,497bookLeBauer and Center City ParksParks for community use
community foundation of greater greensboro inc
330 South Greene Street Ste 100grEENSBORONC274012659561380249501(c)(3)general support$67,739
FieldValueIRS element (for citing)
Total501c3 Org2Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 2:FormAndLineReferenceDesc
ExplanationTHE FOUNDATION OWNED APPROXIMATELY 20% OF CENTER CITY PARK'S LAND IN DOWNTOWN GREENSBORO. IN DECEMBER 2016, THIS 20% INTEREST IN CENTER CITY PARK, ALONG WITH THE REMAINING 80% OWNED BY ANOTHER LOCAL NONPROFIT ORGANIZATION, WAS CONVEYED TO THE CITY OF GREENSBORO. IN ADDITION, THE FOUNDATION ALSO CONVEYED LEBAUER PARK TO THE CITY OF GREENSBORO. THIS PARK WAS MADE POSSIBLE THROUGH A GENEROUS DONOR'S BEQUEST FOR THE ENJOYMENT OF THE GENERAL POPULATION OF GREENSBORO. THE BEQUEST DIRECTED THE FOUNDATION TO CARRY OUT AND ENSURE THE INTENT OF THE DONOR'S WISHES AND UPON COMPLETION OF THE PARK IT WAS TO BE TRANSFERRED TO THE CITY OF GREENSBORO. THE PARK WAS COMPLETED IN 2016 AND CONVEYED TO THE CITY IN DECEMBER IN ACCORDANCE WITH THE DONOR'S WISHES. a grant was also made to community foundation of greater greensboro, of which the filing organization is a type I supporting organization.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
H Walker Sanders
Vice President$0$213,823$0$100$0$4,891$0$15,057$0$7,580$0$241,451$0$0
Jacqueline O'Connell
Treasurer$0$134,071$0$100$0$0$0$9,506$0$8,967$0$152,644$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, line 2CHESTER H. BROWN, JR., president, LOWELL EASTER, DIRECTOR, AND ALBERT S. LINEBERRY, JR., director, have a BUSINESS RELATIONSHIP IN AN INVESTMENT CLUB, WHICH IS UNRELATED TO THE organization.
Form 990, Part VI, Section A, line 6The COMMUNITY FOUNDATION OF GREATER GREENSBORO, INC. IS THE SOLE MEMBER OF THE ORGANIZATION.
Form 990, Part VI, Section A, line 7aTHE COMMUNITY FOUNDATION OF GREATER GREENSBORO BOARD OF DIRECTORS APPOINTS ALL MEMBERS OF THE COMMUNITY FOUNDATION REAL ESTATE MANAGEMENT FUND BOARD OF DIRECTORS.
Form 990, Part VI, Section A, line 8bTHERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
Form 990, Part VI, Section B, line 11bTHE FINANCE COMMITTEE OF COMMUNITY FOUNDATION OF GREATER GREENSBORO, COMPRISED OF ACCOUNTING AND FINANCIAL PROFESSIONALS, WILL REVIEW A DRAFT 990 AND WILL REPORT ANY CONCERNS TO COMMUNITY FOUNDATION REAL ESTATE MANAGEMENT FUND'S BOARD. ALL BOARD MEMBERS WILL BE PROVIDED WITH A DRAFT BEFORE FILING.
Form 990, Part VI, Section B, line 12cANNUALLY, BOARD MEMBERS ACKNOWLEDGE, IN WRITING, THEIR ADHERENCE TO THE CONFLICT OF INTEReST POLICY. EACH INDIVIDUAL LISTS SIGNIFICANT CIVIC, FINANCIAL, AND BUSINESS RELATIONSHIPS FOR THEMSELVES AND SPOUSE. THE LIST IS SUMMARIZED, REVIEWED, AND DISCUSSED AS NECESSARY. Any duality or possible conflict of interest on the part of any member of the Board of Directors or the staff shall be disclosed to the other members of the Board and made a matter of record as soon as the issues in question are raised and a possible conflict is known. That person shall not vote on such matter and shall not attempt to exert personal influence in connection therewith.
Form 990, Part VI, Section B, line 15THE Organization HAS NO FULL-TIME EMPLOYEES. KEY PERSONNEL IN SUPPORT OF THE organization ARE EMPLOYEES of the Community Foundation of Greater Greensboro ("CFGG") AND ARE SUBJECT TO COMPENSATION, CLASSIFICATION AND ALL OTHER PERSONNEL POLICIES OF CFGG. CFGG PERIODICALLY REVIEWS ITS CLASSIFICATION AND COMPENSATION STRUCTURE to ensure reasonableness.
Form 990, Part VI, Section C, line 19THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ON THE COMMUNITY FOUNDATION OF GREATER GREENSBORO'S WEBSITE.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
407 E Washington STREET LLC
330 SOUTH GREENE STREET SUITE 100GREENSBORONC274012659273004585REAL ESTATENC$0$1,389,914COMMUNITY FOUNDATION REAL ESTATE MANAGEMENT FUND INC
LeBauer Park LLC
330 SOUTH GREENE STREET SUITE 100gREENSBORONC274012659562035757Development of downtown parkNC$62,597$327,819cOMMUNITY FOUNDATION REAL ESTATE MANAGEMENT FUND INC
Streetscape LLC
330 SOUTH GREENE STREET SUITE 100gREENSBORONC274012659562035757Street Improvements Adjacent to ParkNC$20,235$169,206Lebauer Park LLC
cfremf real estate holdings llc
330 SOUTH GREENE STREET SUITE 100gREENSBORONC274012659562035757reAL ESTATENC$0$0comMUNITY FOUNDATION REAL ESTATE MANAGEMENT FUND INC

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationIndBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
COMMUNITY FOUNDATION OF GREATER GREENSBORO INC
330 SOUTH GREENE STREET SUITE 100GREENSBORONC274012659561380249COMMUNITY BETTERMENTNC501(c)(3)Line 7N/A0
Stanley & Dorothy Frank Family Foundation
330 SOUTH GREENE STREET SUITE 100GREENSBORONC274012659566513308GrantsNC501(c)(3)Line 12a, I0COMMUNITY FOUNDATION OF GREATER GREENSBORO INC
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (3 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
COMMUNITY FOUNDATION OF GREATER GREENSBORO INC
B$67,739FMV
COMMUNITY FOUNDATION OF GREATER GREENSBORO INC
C$1,102,000FMV
COMMUNITY FOUNDATION OF GREATER GREENSBORO INC
M$128,493fmv

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