2017-10-13T14:25:26-05:00 2016-12-31 560574444 CHERRY BEKAERT LLP 1111 Metropolitan Ave Ste 1000 Charlotte NC 28204 990 2016-01-01 562035757 Community Foundation Real Estate Management Fund Inc COMM 3363799100 330 South Greene Street No 100 Greensboro NC 274012659 Jacqueline O'Connell Treasurer 3363799100 2017-10-05 1 Amanda Adams P00748038 7043771678 68.142.180.174 2017-10-05 12:31:01 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 AAF9A48850E65576689608E2D75D0DA666178C35 2016 2021-01-29 14:40:06Z H WALKER SANDERS 330 South Greene Street No 100 Greensboro NC 274012659 1255754 0 X N/A X 1997 NC supports the Community Foundation of Grtr Greensboro in strengthening local communities 9 7 0 10 0 0 2775826 1128725 0 0 76284 41165 63667 85864 2915777 1255754 66162 13809236 0 0 0 0 0 0 0 206936 201964 273098 14011200 2642679 -12755446 15530986 2620844 438682 283986 15092304 2336858 X THE FUND SERVES AS A SUPPORTING ORGANIZATION OF COMMUNITY FOUNDATION OF GREATER GREENSBORO TO ADMINISTER CHARITABLE FUNDS RELATING TO REAL PROPERTY. 0 0 120980 67739 The 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. 13887720 13741497 18125 The 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. 14008700 1 1 0 0 0 0 0 0 1 0 1 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 X 9 7 1 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X X JACQUELINE O'CONNELL 3363799100 330 SOUTH GREENE STREET suite 100 GREENSBORO NC 27401 Chester H Brown Jr President 0.50 0.00 X X 0 0 0 H Walker Sanders Vice President 8.00 40.25 X X 0 218814 22637 Jacqueline O'Connell Treasurer 5.00 40.25 X X 0 134171 18473 LOUISE BRADY Director 0.25 0.00 X 0 0 0 Lowell Easter Director 0.50 0.50 X 0 0 0 Albert S Lineberry Jr Director 0.25 0.00 X 0 0 0 Ann Lineweaver Director 0.25 0.00 X 0 0 0 Reid Phillips Ex-Officio Director (Voting) 5.00 2.00 X 0 0 0 Charles L Weill Jr Director 0.25 0.00 X 0 0 0 0 352985 41110 0 0 1 0 FRANK L BLUM CONSTRUCTION COMPANY PO BOX 4153 WINSTONSALEM NC 27115 GENERAL CONTRACTOR LEBAUER PARK 8651158 THE OFFICE OF JAMES BURNETT 711 LOUISIANA SUITE 111 HOUSTON TX 77002 DESIGN/LANDSCAPE ARCHITECT LEBAUER PARK 261858 2 1102000 26725 1128725 41165 41165 real estate hldg distr 900099 67739 67739 project fee income 900099 18125 18125 85864 1255754 18125 0 108904 13809236 13809236 128493 128493 2500 2500 49247 49247 other program expenses 21724 21724 14011200 14008700 2500 0 6885137 499954 26276 0 1625957 273327 8019188 1352630 592552 596555 7833 171705 15530986 2620844 438682 283986 438682 283986 X 15092304 2336858 15092304 2336858 15530986 2620844 -12755446 0 X 0 1 X 1 0 X X 1 COMMUNITY FOUNDATION OF GREATER GREENSBORO INC 561380249 7 1 67739 0 1 67739 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 1560649 1560649 0 0 890000 890000 735957 273327 462630 1352630 Limited partnership interest 592757 F INVESTMENT IN POOLED FUNDS 3798 F 596555 Sales Tax Receivable 68968 Other Receivables 102737 171705 X 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. 1 City of Greensboro PO Box 26120 GREENSBORO NC 274026120 566000230 115 13741497 book LeBauer and Center City Parks Parks for community use community foundation of greater greensboro inc 330 South Greene Street Ste 100 grEENSBORO NC 274012659 561380249 501(c)(3) 67739 general support 2 0 Part I, Line 2: THE 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. 0 0 0 0 0 0 0 0 0 H Walker Sanders Vice President 0 213823 0 100 0 4891 0 15057 0 7580 0 241451 0 0 Jacqueline O'Connell Treasurer 0 134071 0 100 0 0 0 9506 0 8967 0 152644 0 0 Form 990, Part VI, Section A, line 2 CHESTER 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 6 The COMMUNITY FOUNDATION OF GREATER GREENSBORO, INC. IS THE SOLE MEMBER OF THE ORGANIZATION. Form 990, Part VI, Section A, line 7a THE 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 8b THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. Form 990, Part VI, Section B, line 11b THE 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 12c ANNUALLY, 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 15 THE 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 19 THE 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. 407 E Washington STREET LLC 330 SOUTH GREENE STREET SUITE 100 GREENSBORO NC 274012659 273004585 REAL ESTATE NC 0 1389914 COMMUNITY FOUNDATION REAL ESTATE MANAGEMENT FUND INC LeBauer Park LLC 330 SOUTH GREENE STREET SUITE 100 gREENSBORO NC 274012659 562035757 Development of downtown park NC 62597 327819 cOMMUNITY FOUNDATION REAL ESTATE MANAGEMENT FUND INC Streetscape LLC 330 SOUTH GREENE STREET SUITE 100 gREENSBORO NC 274012659 562035757 Street Improvements Adjacent to Park NC 20235 169206 Lebauer Park LLC cfremf real estate holdings llc 330 SOUTH GREENE STREET SUITE 100 gREENSBORO NC 274012659 562035757 reAL ESTATE NC 0 0 comMUNITY FOUNDATION REAL ESTATE MANAGEMENT FUND INC COMMUNITY FOUNDATION OF GREATER GREENSBORO INC 330 SOUTH GREENE STREET SUITE 100 GREENSBORO NC 274012659 561380249 COMMUNITY BETTERMENT NC 501(c)(3) Line 7 N/A 0 Stanley & Dorothy Frank Family Foundation 330 SOUTH GREENE STREET SUITE 100 GREENSBORO NC 274012659 566513308 Grants NC 501(c)(3) Line 12a, I COMMUNITY FOUNDATION OF GREATER GREENSBORO INC 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 COMMUNITY FOUNDATION OF GREATER GREENSBORO INC B 67739 FMV COMMUNITY FOUNDATION OF GREATER GREENSBORO INC C 1102000 FMV COMMUNITY FOUNDATION OF GREATER GREENSBORO INC M 128493 fmv