2015-01-28T11:55:25-06:00 2014-06-30 570381582 ELLIOTT DAVIS DECOSIMO LLCPLLC 901 E BYRD STREET SUITE 1000 RICHMOND VA 23219 990 2013-07-01 208608553 WILLIAM & MARY REAL ESTATE FOUNDATION WILL 7572217805 PO BOX 8795 WILLIAMSBURG VA 23187 NANCY BUCHANAN EXECUTIVE DIRECTOR 7572217805 2015-01-16 1 JANET L BROCKLEHURST CPA P00449539 8046124380 2013 2016-02-25 16:41:14Z NANCY BUCHANAN PO BOX 8795 WILLIAMSBURG VA 23187 1314872 0 X N/A X 2007 VA THE MISSION OF WILLIAM AND MARY REAL ESTATE FOUNDATION IS TO ACQUIRE, HOLD, MANAGE, SELL, LEASE, AND PARTICIPATE IN THE DEVELOPMENT OF REAL PROPERTIES IN SUPPORT OF THE EDUCATIONAL GOALS OF THE COLLEGE OF WILLIAM AND MARY IN VIRGINIA. 9 6 0 0 0 0 205000 0 826449 1142636 -10919 -29799 0 0 1020530 1112837 74554 166500 0 0 147269 152176 0 0 0 752373 996789 974196 1315465 46334 -202628 19557915 18501568 9170546 8316827 10387369 10184741 THE MISSION OF WILLIAM AND MARY REAL ESTATE FOUNDATION IS TO ACQUIRE, HOLD, MANAGE, SELL, LEASE AND PARTICIPATE IN THE DEVELOPMENT OF REAL PROPERTIES IN SUPPORT OF THE EDUCATIONAL GOALS OF THE COLLEGE OF WILLIAM AND MARY IN VIRGINIA. 0 0 1245816 166500 1142636 MANAGEMENT OF REAL ESTATE ACTIVITIES FOR THE BENEFIT THE COLLEGE OF WILLIAM AND MARY'S PROGRAMS AND ACTIVITIES 1245816 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 7 0 0 0 0 0 0 0 0 0 0 0 0 X 9 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 VA X WARREN WHITNEY 8042829566 203 HIGHLAND I 7231 FOREST AVENUE RICHMOND VA 23226 JOHN GERDELMAN CHAIR 0.00 X X 0 0 0 HOWARD BUSBEE VICE CHAIR 0.00 X X 0 0 0 SAM JONES TREASURER 0.00 X X 0 0 0 ANITA POSTON SECRETARY 0.00 X X 0 0 0 HENRY WOLF DIRECTOR 0.00 X 0 0 0 TAYLOR W REVELEY III DIRECTOR 0.00 X 0 0 0 DEVIN MURPHY DIRECTOR 0.00 X 0 0 0 SUSAN DEWEY DIRECTOR 0.00 X 0 0 0 WILLIAM KINIRY DIRECTOR 0.00 X 0 0 0 NANCY BUCHANAN EXECUTIVE DIRECTOR 40.00 X 0 115406 22893 0 115406 22893 0 0 0 0 0 RENTAL INCOME 532000 1137713 1137713 MANAGEMENT FEE INCOME 900099 4923 4923 1142636 6814 6814 165422 202035 -36613 -36613 -36613 1112837 1142636 0 -29799 166500 166500 142210 114628 27582 1075 1075 8891 7113 1778 31740 31740 6416 6416 33800 13220 20580 2253 2253 3960 3960 99264 99264 1741 1306 435 305868 305868 282571 282571 13735 13735 REPAIRS & MAINTENANCE 139633 139633 AMORTIZATION 70140 70140 COMMUNICATION SERVICES 3988 3988 MISCELLANEOUS 1680 1176 504 1315465 1245816 69649 0 5907918 5112357 26049 142957 0 138263 10348 10314 13243881 688965 12806120 12554916 559628 492082 247852 50679 19557915 18501568 54639 44721 4783075 4652420 3717120 3600826 490000 0 125712 18860 9170546 8316827 X 10139517 10140002 247852 44739 10387369 10184741 19557915 18501568 -202628 0 X X 0 1 X 1 0 X X 0 0 0 THE COLLEGE OF WILLIAM & MARY 546001718 6 1 1 0 THE COLLEGE OF WILLIAM & MARY FOUNDATION 540734117 5 1 1 0 2 0 2712138 2712138 10361617 619239 9742378 170126 69726 100400 12554916 TENANT SECURITY DEPOSITS 18860 18860 X 1112837 0 1112837 0 1112837 1315465 0 1315465 0 1315465 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE TAX STATUTES OF THE COMMONWEALTH OF VIRGINIA. THE FOUNDATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2014. ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. FISCAL YEARS ENDING ON OR AFTER JUNE 30, 2011 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. 1 WILLIAM & MARY COLLEGE MARSHALL-WYTHE SCHOOL OF LAW FOUNDATION PO BOX 3527 WILLIAMSBURG VA 231873527 541224563 501(C)(3) 166500 WMREF MANAGED THE SALE OF REAL PROPERTY DONATED TO WILLAM & MARY. THE PROCEEDS FROM THE SALE WERE TO BE GIVEN TO THE MARSHALL WYTHE SCHOOL OF LAW FOUNDATION. THE PROPERTY WAS SOLD DURING THE YEAR AND THE NET PROCEEDS AND REFUNDED FEES WERE REMITTED TO THE FOUNDATION. A ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF WILLIAMSBURG VA 2011-09-16 5000000 TO FINANCE THE STUDENT HOUSING PORTION OF TRIBE SQUARE. 0 0 0 A 5000000 173081 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION B, LINE 11 THE EXECUTIVE DIRECTOR AND TREASURER REVIEW A DRAFT COPY OF THE 990. UPON THEIR APPROVAL, THE DRAFT IS SENT TO THE AUDIT COMMITTEE FOR APPROVAL FOR ISSUANCE. A COPY OF THE FINAL 990 IS PROVIDED TO THE FULL BOARD PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MANAGEMENT CONDUCTS PERIODIC REVIEWS AND IF NEED BE, USE OUTSIDE ADVISORS FOR ASSISTANCE. PERIODIC REVIEWS INCLUDE, BUT ARE NOT LIMITED TO ASSURING THAT TRANSACTIONS AND CONTRACT AGREEMENTS ENTERED INTO BY THE FOUNDATION CONFORM WITH WRITTEN POLICIES AND ARE PROPERLY RECORDED. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR'S ANNUAL COMPENSATION IS APPROVED BY THE BOARD. THE ORGANIZATION HAS NO OTHER OFFICERS OR KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 MANAGEMENT ENTERTAINS REQUESTS TO VIEW THEIR CONFLICT OF INTEREST POLICY, GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS TO INTERESTED PARTIES. FORM 990, PART XII, LINE 2C - FINANCIAL STATEMENTS AND REPORTING OVERSIGHT OF ANNUAL AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT IS THE RESPONSIBILITY OF THE AUDIT COMMITTEE. ORCHID PROPERTIES LLC PO BOX 8795 WILLIAMSBURG VA 23187 208608553 OWNING AND MANAGING REAL ESTATE. IT OWNS NO REAL ESTATE AT 6/30/14. VA 0 0 WILLIAM & MARY REAL ESTATE FOUNDATION WMREF VENTURES I LLC PO BOX 8795 WILLIAMSBURG VA 23187 OWNING AND MANAGING REAL ESTATE. VA 382000 4305733 WILLIAM & MARY REAL ESTATE FOUNDATION THE COLLEGE OF WILLIAM AND MARY PO BOX 8795 WILLIAMSBURG VA 231878795 546001718 HIGHER EDUCATION VA STATE GOVERNMENT LINE 6 N/A 0 THE COLLEGE OF WILLIAM & MARY FOUNDATION PO BOX 8795 WILLIAMSBURG VA 231878795 540734117 DEVELOPMENT AND SUPPORT SERVICES VA 501(C)(3) LINE 5 N/A 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1