2016-05-09T15:27:16-05:00 2015-06-30 540565834 MITCHELL WIGGINS & COMPANY LLP 1802 BAYBERRY COURT SUITE 300 RICHMOND VA 23226 990 2014-07-01 541666531 VIRGINIA COMMONWEALTH UNIVERSITY REAL ESTATE FOUNDATION VIRG 8048289292 PO BOX 843075 RICHMOND VA 232843075 TIMOTHY A GRAF TREASURER 8048289292 2016-05-08 1 M JAMES HARTSON JR CPA P00590214 8042826000 2014 2016-08-17 19:52:53Z TIMOTHY A GRAF PO BOX 843075 RICHMOND VA 232843075 7563655 0 X WWW.VCUREALESTATE.ORG X 1992 VA THE FOUNDATION WAS FOUNDED FOR THE PURPOSE OF ACCEPTING, ACQUIRING, LEASING, SELLING OR DISPOSING, OPERATING AND/OR MANAGING PROPERTY FOR THE EXCLUSIVE BENEFIT OF VIRGINIA COMMONWEALTH UNIVERSITY. 15 14 0 0 0 0 0 0 6431957 7505790 28837 7447 0 50418 6460794 7563655 137100 30000 0 0 0 0 0 0 0 4462744 5552246 4599844 5582246 1860950 1981409 80211725 81737625 54035713 53465386 26176012 28272239 THE FOUNDATION WAS FOUNDED FOR THE PURPOSE OF ACCEPTING, ACQUIRING, LEASING, SELLING OR DISPOSING, OPERATING AND/OR MANAGING PROPERTY FOR THE EXCLUSIVE BENEFIT OF VIRGINIA COMMONWEALTH UNIVERSITY. 0 0 5582246 30000 7556208 TO SUPPORT VIRGINIA COMMONWEALTH UNIVERSITY THROUGH THE MANAGEMENT OF REAL ESTATE USED IN THE UNIVERSITY'S EDUCATIONAL, SCIENTIFIC AND CHARITABLE ACTIVITIES. 5582246 1 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 14 0 1 0 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 X X ORGANIZATION 8048289292 700 WEST GRACE STREET RICHMOND VA 232843075 R BRADFORD PARTREA DIRECTOR 1.00 X 0 0 0 H LEON SHADOWEN JR PRESIDENT 1.00 X X 0 0 0 JEFFREY H GUMENICK DIRECTOR 1.00 X 0 0 0 CAROL A MCCOY DIRECTOR 1.00 X 0 0 0 WILLIAM A ROYALL JR DIRECTOR 1.00 X 0 0 0 CECIL SEARS DIRECTOR 1.00 X 0 0 0 CHERYLE K TOY DIRECTOR 1.00 X 0 0 0 GEORGE P EMERSON JR VICE PRESIDENT 1.00 X X 0 0 0 ALAN T LINGERFELT DIRECTOR 1.00 X 0 0 0 ROBERT L HANSAN DIRECTOR 1.00 X 0 0 0 DR MICHAEL RAO EX-OFFICIO DIRECTOR 1.00 X 0 641031 79399 JB CAMPBELL DIRECTOR 1.00 X 0 0 0 KAMLESH N DAVE DIRECTOR 1.00 X 0 0 0 JOHN C JACOBY DIRECTOR 1.00 X 0 0 0 F DAVIS DRUMHELLER JR DIRECTOR 1.00 X 0 0 0 HARRY E WYATT JR SECRETARY 1.00 X 0 110087 20255 PAMELA CURREY TREASURER 4.00 X 0 0 0 KEVIN W DAVENPORT FORMER TREASURER 1.00 X 0 130194 33089 0 881312 132743 0 1 1 0 RENTAL INVESTMENTS ONE LLC 2903-A BOULEVARD COLONIAL HEIGHTS VA 23834 CONSTRUCTION 9257455 THE TRENT CORPORATION 1840 W BROAD STREET RICHMOND VA 23220 CONSTRUCTION 3138532 21 DELTA FINANCIAL SERVICES 5502 SEQUOIA FARMS DR SUITE 200 CENTERVILLE VA 20120 CONSTRUCTION 458997 BARBIZON LIGHTING COMPANY 6437-G GENERAL GREEEN WAY ALEXANDRIA VA 22312 CONSTRUCTION 149793 HUNTON & WILLIAMS 951 EAST BYRD STREET RICHMOND VA 23219 LEGAL 124488 5 RENTAL INCOME 531190 7505790 7505790 7505790 7447 7447 MISCELLANEOUS 900099 81059 81059 LOSS FROM PASSTHROUGH 900099 -30641 -30641 50418 7563655 7556208 0 7447 30000 30000 232100 232100 29088 29088 20900 20900 5600 5600 1615793 1615793 1386052 1386052 2091943 2091943 71240 71240 PLANNING AND DEVELOPMEN 50027 50027 MISCELLANEOUS 29636 29636 BAD DEBTS 19867 19867 5582246 5582246 0 0 1893934 3267677 5606540 5114339 81059 146139 119317 74347749 14565029 44044489 59782720 7171118 7318750 21349505 6053763 80211725 81737625 3020537 465220 5468602 5272000 37780054 36279153 3370920 7223334 4395600 4225679 54035713 53465386 X 26176012 28272239 26176012 28272239 80211725 81737625 X 1981409 109320 5498 X X 0 1 X 1 0 X X 1 VIRGINIA COMMONWEALTH UNIVERSITY 546001758 6 1 30000 0 1 30000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X PART IV, SECTION E, LINE 1C: THE FOUNDATION WAS FOUNDED FOR THE PURPOSE OF ACCEPTING, ACQUIRING, LEASING, SELLING OR DISPOSING, OPERATING AND/OR MANAGING PROPERTY FOR THE EXCLUSIVE BENEFIT OF VIRGINIA COMMONWEALTH UNIVERSITY WHICH IS A PUBLIC RESEARCH UNIVERSITY IN THE COMMONWEALTH OF VIRGINIA. THE FOUNDATION ENGAGES IN THESE ACTIVITIES AT THE REQUEST OF THE UNIVERSITY. PART IV, SECTION D, LINE 3: THE SUPPORTED ORGANIZATION, VIRGINIA COMMONWEALTH UNIVERSITY, HAS TWO MEMBERS OF ITS OWN GOVERNING BODY SERVING AS DIRECTORS ON THE BOARD OF THE VCU REAL ESTATE FOUNDATION. IN ADDITION, THE PRESIDENT OF THE UNIVERSITY IS AN EX-OFFICIO DIRECTOR ON THE BOARD OF THE VCU REAL ESTATE FOUNDATION. 8709641 8709641 63972077 13553290 50418787 1666031 1011739 654292 59782720 38312 C UNITIZED POOL HELD BY VCU FOUNDATION 7280438 F 7318750 CONSTRUCTION IN PROGRESS 5675264 OTHER 54212 BOND ISSUANCE COSTS, NET OF ACCUMULATED AMORTIZATION 324287 6053763 BOND PREMIUM, NET OF ACCUMULATED AMORTIZATION 1920934 DUE TO VIRGINIA COMMONWEALTH UNIVERSITY - BONDS PAYABLE 2304745 4225679 X PART X, LINE 2: THE FOUNDATION AND ITS CONTROLLED AFFILIATE, MONROE PARK CAMPUS CORPORATION, ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO EACH ENTITY'S TAX-EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE FOUNDATION AND ITS CONTROLLED AFFILIATE, MONROE PARK CAMPUS CORPORATION, HAD NO UNRELATED BUSINESS INCOME DURING THE YEARS ENDED JUNE 30, 2015 AND 2014. THE ORGANIZATIONS HAVE DETERMINED THAT THEY DO NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AT JUNE 30, 2015. THE ORGANIZATIONS INCLUDE PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES IN OPERATING EXPENSES, IF APPLICABLE. THE ORGANIZATIONS DID NOT INCUR ANY PENALTIES OR INTEREST EXPENSE FOR THE YEAR ENDED JUNE 30, 2015. 1 VIRGINIA COMMONWEALTH UNIVERSITY 912 W FRANKLIN STREET POST OFFICE BOX 843035 RICHMOND VA 232843035 546001758 115 30000 ASSISTANCE IS PROVIDED TO SUPPORT VIRGINIA COMMONWEALTH UNIVERSITY THROUGH THE MANAGEMENT OF REAL ESTATE USED IN THE UNIVERSITY'S EDUCATIONAL, SCIENTIFIC AND CHARITABLE ACTIVITIES. 1 0 0 0 0 0 0 0 0 0 DR MICHAEL RAO EX-OFFICIO DIRECTOR 0 641031 0 0 0 0 0 0 0 79399 0 720430 0 0 KEVIN W DAVENPORT FORMER TREASURER 0 130194 0 0 0 0 0 0 0 33089 0 163283 0 0 A VIRGINIA SMALL BUSINESS FINANCING AUTHORITY 541300845 NONEAVAIL 2013-12-10 3705282 TO REFINANCE COST OF CONSTRUCTION FOR THE TECHNOLOGY ADMIN. BUILDING. 0 0 0 B VIRGINIA COMMONWEALTH UNIVERSITY 546001758 NONEAVAIL 2013-02-08 22289949 TO REFINANCE COST OF CONSTRUCTION FOR BROAD AND BELVIDERE STUDENT HSG. CTR. 0 0 0 C VIRGINIA COMMONWEALTH UNIVERSITY 546001758 NONEAVAIL 2013-06-06 15932000 TO FINANCE PROJECT COSTS OF 912 WEST GRACE ST. AND 801 WEST MARSHALL ST. 0 0 0 A 334344 3705282 31282 2005 1 0 1 1 B 1975000 22289949 261206 5808069 2013 1 0 1 1 C 1153785 15956823 63596 15893228 2015 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 1 1 0 0 0 0 0 1 C 0 0 1 0 0 0 0 0 1 A 1 B 1 C 1 FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION DISTRIBUTES A COPY OF THE FORM 990 TO ALL MEMBERS OF THE AUDIT COMMITTEE PRIOR TO THE FORM BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY BY HAVING THE OFFICERS, DIRECTORS AND TRUSTEES SIGN THE CONFLICT OF INTEREST POLICY AND DISCLOSE ANY CONFLICTS, IN WRITING, ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION POSTS ITS CURRENT AUDITED FINANCIAL STATEMENT AND FORM 990 ON ITS WEB SITE, EACH YEAR. IN ADDITION, COPIES OF THE AUDITED FINANCIAL STATEMENTS ARE DISTRIBUTED TO ALL DIRECTORS. IT IS THE POLICY OF THE ORGANIZATION TO MAKE AVAILABLE COPIES OF FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFICT OF INTEREST INFORMATION AND OTHER DOCUMENTS TO THE PUBLIC. FORM 990, PART XI, LINE 9: TRANSFERS FROM MONROE PARK CAMPUS CORPORATION - RELATED ENTITY 5,498. FORM 990 PART XII - LINE 2(C) THE OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR. 535 WEST BROAD LLC REAL ESTATE HOLDING COMPANY VA 0 4542095 VIRGINIA COMMONWEALTH UNIVERSITY REAL ESTATE FOUNDATION VENTURE DEVELOPMENT LLC REAL ESTATE HOLDING COMPANY VA 0 0 VIRGINIA COMMONWEALTH UNIVERSITY REAL ESTATE FOUNDATION 800 WBS LLC 474504437 REAL ESTATE HOLDING COMPANY VA 0 0 VIRGINIA COMMONWEALTH UNIVERSITY REAL ESTATE FOUNDATION MONROE PARK CAMPUS CORPORATION 809 WEST BROAD STREET RICHMOND VA 232843075 541661945 TO SOLELY ASSIST AND SUPPORT VIRGINIA COMMONWEALTH UNIVERSITY VA 501(C)(3) 170(B)(1)(A)(VI) VCU REAL ESTATE FOUNDATION 1 VIRGINIA COMMONWEALTH UNIVERSITY 912 W FRANKLIN STREET POST OFFICE B RICHMOND VA 232843035 546001758 PUBLIC UNIVERSITY WITH TWO MAIN CAMPUSES VA 115 N/A 0 ART STATION LLC 700 W GRACE STREET RICHMOND VA 232843040 462661466 RENTAL REAL ESTATE VA VCU REAL ESTATE FOUNDATION RELATED -30641 665992 0 1 0.99000 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 1 0 1 1 VIRGINIA COMMONWEALTH UNIVERSITY J 7356858 VIRGINIA COMMONWEALTH UNIVERSITY R 30000 VIRGINIA COMMONWEALTH UNIVERSITY E 35212960 VIRGINIA COMMONWEALTH UNIVERSITY P 1046441 MONROE PARK CAMPUS CORPORATION S 5498 VIRGINIA COMMONWEALTH UNIVERSITY S 1103087