UGA REAL ESTATE FOUNDATION INC: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- UGA REAL ESTATE FOUNDATION INC (EIN 58-2491922)
- Tax period
- 2024-07-01 to 2025-06-30
- Filed
- 2025-11-07
- IRS object ID
- 202513119349302906
- Schema version
- 2024v5.1
- 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
- Form 990
- Schedule A
- Schedule D
- Schedule F
- Schedule J
- Schedule K
- Schedule K
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-07T11:48:33+00:00 | ReturnTs |
| Tax Period End | 2025-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 882730877 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Cherry Bekaert Advisory LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1075 Peachtree Street NE Suite 1600 | AddressLine1Txt |
| City | Atlanta | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30309 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 582491922 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UGA Real Estate Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | UGAR | BusinessNameControlTxt |
| Phone | 7065830811 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1180 East Broad Street | AddressLine1Txt |
| City | Athens | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30602 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Eric Orbock | PersonNm |
| Person Title | Executive Director | PersonTitleTxt |
| Signature | 2025-11-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Melanie McPeak | PreparerPersonNm |
| PTIN | P01346034 | PTIN |
| Phone | 4042090954 | PhoneNum |
| Preparation | 2025-11-07 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Eric Orbock | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1180 East Broad Street | AddressLine1Txt |
| City | Athens | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30602 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $27,454,111 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.ugaref.com | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1999 | FormationYr |
| Legal Domicile State | GA | LegalDomicileStateCd |
| Activity Or Mission | 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 5 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 7 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $14,872,281 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $14,790,428 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,597,619 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,201,982 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $16,469,900 | PYTotalRevenueAmt |
| CY Total Revenue | $17,992,410 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $13,882,231 | PYOtherExpensesAmt |
| CY Other Expenses | $18,230,523 | CYOtherExpensesAmt |
| PY Total Expenses | $13,882,231 | PYTotalExpensesAmt |
| CY Total Expenses | $18,230,523 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,587,669 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$238,113 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $280,274,548 | TotalAssetsBOYAmt |
| Total Assets EOY | $421,250,575 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $225,317,616 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $366,274,895 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $54,956,932 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $54,975,680 | NetAssetsOrFundBalancesEOYAmt |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $17,777,877 | ExpenseAmt |
| Revenue | $14,790,428 | RevenueAmt |
| Desc | 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. | Desc |
| Total Program Service Expenses | $17,777,877 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (true) | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | Yes (true) | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (true) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | Yes (true) | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 19 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | Yes (true) | ForeignFinancialAccountInd |
| Foreign Country | IT | ForeignCountryCd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 5 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (true) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Policies Reference Chapters | false | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Written Policy Or Procedure | false | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | GA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Chad Cleveland | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7065426860 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 456 E Broad St | AddressLine1Txt |
| City | Athens | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30602 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|
| Henry Munneke | |||||||
| Secretary 10/1/24 - 6/30/25 | 1.0 | 40.0 | Yes (X) | Yes (X) | $0 | $377,263 | $68,192 |
| Jack Hu | |||||||
| Ex-Officio Trustee, Secretary 7/1/24 - 9/30/24 | 1.0 | 40.0 | Yes (X) | Yes (X) | $0 | $511,868 | $52,680 |
| John Rooker | |||||||
| Treasurer 7/1/24 - 9/30/24 | 1.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Ryan Nesbit | |||||||
| Chairman | 1.0 | 40.0 | Yes (X) | Yes (X) | $0 | $377,130 | $106,628 |
| Benjamin Ayers | |||||||
| Ex-Officio Trustee | 1.0 | 40.0 | Yes (X) | $0 | $489,273 | $65,404 | |
| Christopher King | |||||||
| Ex-Officio Trustee | 1.0 | 40.0 | Yes (X) | $0 | $242,429 | $80,667 | |
| Grant Tribble | |||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| Greg Guyer | |||||||
| Trustee | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | |
| James Whitley | |||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| Jere Morehead | |||||||
| Ex-Officio Trustee | 1.0 | 40.0 | Yes (X) | $0 | $717,514 | $328,366 | |
| Kirby Alton | |||||||
| Trustee 7/1/24 - 9/30/24 | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | |
| Marcus Thornton | |||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| Nancy Juneau | |||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| Eric Orbock | |||||||
| Executive Director | 30.0 | 10.0 | Yes (X) | $0 | $220,022 | $81,334 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $2,935,499 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $783,271 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| The Whiting-Turner Contracting Co (Inc) | |||||
| P O Box 17596 | Baltimore | MD | 21297 | Construction | $3,207,784 |
| Turner Construction Company | |||||
| 3495 Piedmont Road NE Ste 700 | Atlanta | GA | 30305 | Construction | $3,150,861 |
| Fortson Bentley and Griffin PA | |||||
| 2500 Daniells Br Rd | Athens | GA | 30606 | Legal | $453,378 |
| A-R-T & Associates | |||||
| 2337 Perimeter Park Drive | Atlanta | GA | 30341 | Design and Signage | $282,917 |
| Kutak Rock LLP | |||||
| P O Box 30057 | Omaha | NE | 68103 | Legal | $245,055 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 9 | CntrctRcvdGreaterThan100KCnt |
| Total Contributions | $0 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| FINANCING / LEASE INCOME | 900099 | $9,322,599 | $9,322,599 |
| REPAIR AND RESTORATION INCOME | 900099 | $1,549,888 | $1,549,888 |
| LEASE INCOME | 900099 | $3,910,741 | $3,910,741 |
| LICENSE/EASEMENT INCOME | 900099 | $7,200 | $7,200 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $14,790,428 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,122,278 | TotalRevenueColumnAmt |
| Exclusion | $5,122,278 | ExclusionAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $9,486 | SecuritiesAmt |
| Other | $7,531,919 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
| Other | $9,461,701 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $9,486 | SecuritiesAmt |
| Other | -$1,929,782 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$1,920,296 | TotalRevenueColumnAmt |
| Exclusion | -$1,920,296 | ExclusionAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $17,992,410 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $14,790,428 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,201,982 | ExclusionAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $134,503 | TotalAmt |
| Program Services | $126,602 | ProgramServicesAmt |
| Management And General | $7,901 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $65,666 | TotalAmt |
| Management And General | $65,666 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,015 | TotalAmt |
| Management And General | $20,015 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $328,201 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $328,201 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,258 | TotalAmt |
| Management And General | $4,258 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,000 | TotalAmt |
| Management And General | $3,000 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $810,836 | TotalAmt |
| Program Services | $810,836 | ProgramServicesAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $250 | TotalAmt |
| Management And General | $250 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,525,152 | TotalAmt |
| Program Services | $13,525,152 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,010,298 | TotalAmt |
| Program Services | $3,010,298 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $62,242 | TotalAmt |
| Program Services | $38,887 | ProgramServicesAmt |
| Management And General | $23,355 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| LEASE EXPENSE | $158,656 | $158,656 |
| PROPERTY OPERATING EXPENSE | $106,296 | $106,296 |
| CORPORATE REGISTRATION | $935 | $935 |
| BANK FEES | $215 | $215 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,230,523 | TotalAmt |
| Program Services | $17,777,877 | ProgramServicesAmt |
| Management And General | $452,646 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,406,332 | BOYAmt |
| EOY | $24,035,373 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $198,596,201 | BOYAmt |
| EOY | $180,131,614 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $269,810 | BOYAmt |
| EOY | $164,963 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $30,125,283 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $2,459,758 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,779,848 | BOYAmt |
| EOY | $27,665,525 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,529,113 | BOYAmt |
| EOY | $10,858,044 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,747,234 | BOYAmt |
| EOY | $141,071,309 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,515,120 | BOYAmt |
| EOY | $18,374,408 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,430,890 | BOYAmt |
| EOY | $18,949,339 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $280,274,548 | BOYAmt |
| EOY | $421,250,575 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,020,605 | BOYAmt |
| EOY | $13,894,179 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,896,384 | BOYAmt |
| EOY | $27,431,125 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $136,772,840 | BOYAmt |
| EOY | $233,528,678 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $70,654,878 | BOYAmt |
| EOY | $56,504,438 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,972,909 | BOYAmt |
| EOY | $34,916,475 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $225,317,616 | BOYAmt |
| EOY | $366,274,895 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $54,956,932 | BOYAmt |
| EOY | $54,975,680 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $54,956,932 | BOYAmt |
| EOY | $54,975,680 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $280,274,548 | BOYAmt |
| EOY | $421,250,575 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$238,113 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $256,861 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type1 | Yes (X) | SupportingOrgType1Ind |
| Supported Organizations | 2 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp (2 entries)
| EINEIN | Organization TypeOrganizationTypeCd | Governing Document ListedGoverningDocumentListedInd | SupportSupportAmt | Other SupportOtherSupportAmt |
|---|---|---|---|---|
| University of Georgia | ||||
| 586001998 | 2 | Yes (true) | $0 | $0 |
| University of Georgia Research Foundation Inc | ||||
| 581353149 | 7 | Yes (true) | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 2 | SupportedOrganizationsTotalCnt |
| Support Sum | $0 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (true) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | Yes (true) | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | false | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | false | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | false | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | false | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | false | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | false | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | false | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | false | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | false | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | false | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | false | ContributionControllerInd |
| Contribution Family | false | ContributionFamilyInd |
| Contribution35 Controlled | false | Contribution35ControlledInd |
Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Power Appoint Majority Dir Trst | Yes (true) | PowerAppointMajorityDirTrstInd |
| Operate Benefit Non Suprt Org | false | OperateBenefitNonSuprtOrgInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule A, Part I, Line 12g Column V | The UGA Real Estate Foundation supports the University of Georgia by financing and building projects. The financing agreements create notes receivable that last 30 years. Once the notes receivable are paid in full, 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. |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $26,748,393 | OtherCostOrOtherBasisAmt |
| Book Value | $26,748,393 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,179,498 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,262,366 | DepreciationAmt |
| Book Value | $917,132 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $197,392 | OtherCostOrOtherBasisAmt |
| Depreciation | $197,392 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $27,665,525 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| CONSTRUCTIONS IN PROGRESS | $43,709,896 |
| BOND PROCEEDS RESTRICTED FOR DEBT & CONSTRUCTION | $97,361,413 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $141,071,309 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| Federal Income Taxes | |
| A/P RELATED AFFILIATES | $233,415 |
| UNEARNED LEASE INCOME | $16,643,975 |
| LEASE OBILIGATIONS | $18,039,085 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $34,916,475 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $18,229,256 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $256,861 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $0 | OtherRevenueAmt |
| Revenue Not Reported | $256,861 | RevenueNotReportedAmt |
| Revenue Subtotal | $17,972,395 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $20,015 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $0 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $20,015 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $17,992,410 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $18,210,508 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $0 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $18,210,508 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $20,015 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $0 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $20,015 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $18,230,523 | TotalExpensesPerForm990Amt |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | Europe (Including Iceland and Greenland) | RegionTxt |
| Offices | 0 | OfficesCnt |
| Employee | 1 | EmployeeCnt |
| Type Of Activities Conducted | Program Services | TypeOfActivitiesConductedTxt |
| Specific Services Provided | rental real estate | SpecificServicesProvidedTxt |
| Region Total Expenditures | $96,508 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 1 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 1 | TotalEmployeeCnt |
| Subtotal Spent | $96,508 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $96,508 | TotalSpentAmt |
| Transfer To Foreign Corp | false | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | false | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | false | PassiveForeignInvestmestCoInd |
| Foreign Partnership | false | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements | FormAndLineReferenceDesc |
| Explanation | EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jack Hu | ||||||||||||||
| Ex-Officio Trustee, Secretary 7/1/24 - 9/30/24 | $0 | $511,868 | $0 | $0 | $0 | $0 | $0 | $31,878 | $0 | $20,802 | $0 | $564,548 | $0 | $0 |
| Henry Munneke | ||||||||||||||
| Secretary 10/1/24 - 6/30/25 | $0 | $362,446 | $0 | $0 | $0 | $14,817 | $0 | $35,981 | $0 | $32,211 | $0 | $445,455 | $0 | $0 |
| Ryan Nesbit | ||||||||||||||
| Chairman | $0 | $375,753 | $0 | $0 | $0 | $1,377 | $0 | $79,727 | $0 | $26,901 | $0 | $483,758 | $0 | $0 |
| Benjamin Ayers | ||||||||||||||
| Ex-Officio Trustee | $0 | $467,061 | $0 | $0 | $0 | $22,212 | $0 | $31,878 | $0 | $33,526 | $0 | $554,677 | $0 | $0 |
| Christopher King | ||||||||||||||
| Ex-Officio Trustee | $0 | $242,429 | $0 | $0 | $0 | $0 | $0 | $51,553 | $0 | $29,114 | $0 | $323,096 | $0 | $0 |
| Jere Morehead | ||||||||||||||
| Ex-Officio Trustee | $0 | $685,014 | $0 | $0 | $0 | $32,500 | $0 | $318,442 | $0 | $9,924 | $0 | $1,045,880 | $0 | $0 |
| Eric Orbock | ||||||||||||||
| Executive Director | $0 | $219,776 | $0 | $0 | $0 | $246 | $0 | $47,514 | $0 | $33,820 | $0 | $301,356 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 $276,607 paid by the University of Georgia during 2024 as part of a supplemental nonqualified retirement plan for Jere W. Morehead. For fiscal year 2025, the University System of Georgia Board of Regents approved an annualized $280,245 contribution made by the University of Georgia on behalf of Jere W. Morehead to an approved deferred compensation plan per Board of Regents' policy. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd | Business Name Line2IssuerName/BusinessNameLine2Txt |
|---|---|---|---|---|---|---|---|---|---|
| Athens Housing Authority for CH PH I | |||||||||
| A | 586002838 | 047093HJ1 | 2020-12-09 | $43,456,458 | CH PH I - to construct a residence hall | false | false | false | |
| Development Authority of the Unified Government of Athens-Clarke County GA | |||||||||
| B | 582613761 | 047059KW9 | 2024-10-31 | $16,759,378 | Bolton - to refinance all remaining bonds (orig issue 6/27/13) with lower rate bonds | false | false | false | for Bolton |
| Development Authority of the Unified Government of Athens-Clarke County GA | |||||||||
| C | 582613761 | 047059GB0 | 2016-06-16 | $61,143,584 | Central - to refinance all remaining bonds (orig issue 1/29/08) with lower rate bonds | false | false | false | for Central |
| Athens Housing Authority for EC Hsing II | |||||||||
| D | 586002838 | 047093FF1 | 2017-02-09 | $48,929,542 | EC Hsing II - to refinance all remaining bonds (orig issue 7/15/09) with lower rate bonds | false | false | false | |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Capitalized InterestCapitalizedInterestAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Capital ExpendituresCapitalExpendituresAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Other Spent ProceedsOtherSpentProceedsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $2,115,000 | $43,456,458 | $2,903,103 | $638,617 | $44,738 | $39,870,000 | 2022 | false | false | Yes (true) | Yes (true) | |
| B | $740,000 | $16,859,322 | $304,879 | $6,162 | 2014 | Yes (true) | false | Yes (true) | Yes (true) | $16,548,281 | ||
| C | $17,925,000 | $62,026,066 | $596,838 | $36,278 | 2009 | false | Yes (true) | Yes (true) | Yes (true) | $61,392,950 | ||
| D | $11,570,000 | $50,295,851 | $544,724 | 2010 | false | Yes (true) | Yes (true) | Yes (true) | $49,751,127 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Engage Bond Counsel ResearchEngageBondCounselResearchInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropPct | Remedial Action TakenRemedialActionTakenInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | false | false | false | false | false | Yes (true) | 0 | 0 | 0.0 | false | false | 0 | false | Yes (true) |
| B | false | false | false | false | false | false | 0 | 0 | 0.0 | false | false | 0 | false | Yes (true) |
| C | false | false | false | false | false | false | 0 | 0 | 0.0 | false | false | 0 | false | Yes (true) |
| D | false | false | false | false | false | false | 0 | 0 | 0.0 | false | false | 0 | false | Yes (true) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Term Of HedgeTermOfHedgePct | Superintegrated HedgeSuperintegratedHedgeInd | Hedge TerminatedHedgeTerminatedInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Term Of GICTermOfGICPct | Regulatory Safe Harbor StsfdRegulatorySafeHarborStsfdInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | false | false | false | Yes (true) | false | false | 0 | false | false | false | 0 | false | false | Yes (true) |
| B | false | false | false | Yes (true) | false | false | 0 | false | false | false | 0 | false | false | Yes (true) |
| C | false | false | false | Yes (true) | false | false | 0 | false | false | false | 0 | false | false | Yes (true) |
| D | false | false | false | Yes (true) | false | false | 0 | false | false | false | 0 | false | false | Yes (true) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (true) |
| B | Yes (true) |
| C | Yes (true) |
| D | Yes (true) |
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule K, Part II, Line 3 CUSIP # 047059KW9 | Bolton - Total proceeds do not equal the bond issued. Difference is investment income. |
| Schedule K, Part II, Line 3 CUSIP # 047059GB0 | Central - Total proceeds do not equal the bond issued. Difference is investment income. |
| Schedule K, Part II, Line 3 CUSIP # 047093FF1 | EC Hsing II - Total proceeds do not equal the bond issued. Difference is investment income. |
| Schedule K, Part II, Line 3 CUSIP # 047059JG6 | PAC - Total proceeds do not equal the bond issued. Difference is investment income. |
| Schedule K, Part II, Line 3 CUSIP #047093JF7 | LHI - Total proceeds do not equal the bond issued. Difference is investment income. |
| Schedule K, Part II, Line 3 CUSIP #047059LQ1 | West - Total proceeds do not equal the bond issued. Difference is investment income. |
| Schedule K, Part IV, Line 2c COLUMN C | Issuer name: Development Authority of the Unified Government of Athens-Clarke County, GA for Central The calculation for computing no rebate due was performed on 12/15/2020 |
| Schedule K, Part IV, Line 2c COLUMN D | Issuer name: Athens Housing Authority for EC Hsing II The calculation for computing no rebate due was performed on 12/15/2020 |
| Schedule K, Part IV, Line 2c COLUMN A | Issuer name: Development Authority of the Unified Government of Athens-Clarke County, GA for PAC The calculation for computing no rebate due was performed on 09/14/2019 |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | Business Name Line2IssuerName/BusinessNameLine2Txt | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|---|
| Development Authority of the Unified Government of Athens-Clarke County GA | |||||||||
| A | for PAC | 582613761 | 047059JG6 | 2017-09-14 | $16,021,388 | PAC - to refinance all remaining bonds (orig issue 11/25/09) with lower rate bonds | false | false | false |
| Athens Housing Authority for LHI | |||||||||
| B | 586002838 | 047093JF7 | 2024-09-05 | $52,874,237 | LHI - to construct a residence hall | false | false | false | |
| Development Authority of the Unified Government of Athens-Clarke County GA | |||||||||
| C | for West | 582613761 | 047059LQ1 | 2024-10-31 | $48,587,880 | West - to construct a dining, learning and well-being center | false | false | false |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Capitalized InterestCapitalizedInterestAmt | Capital ExpendituresCapitalExpendituresAmt | UnspentUnspentAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $4,340,000 | $16,374,497 | $317,858 | $5,273 | $16,051,366 | 2009 | false | Yes (true) | Yes (true) | Yes (true) | |||
| B | $55,749,554 | $858,532 | false | false | false | Yes (true) | $1,766,657 | $20,203,552 | $32,920,813 | ||||
| C | $49,854,492 | $760,068 | false | false | false | Yes (true) | $1,266,175 | $12,214,212 | $35,614,037 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Engage Bond Counsel ResearchEngageBondCounselResearchInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropPct | Remedial Action TakenRemedialActionTakenInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | false | false | false | false | false | false | 0 | 0 | 0.0 | false | false | 0 | false | Yes (true) |
| B | false | false | false | false | false | false | 0 | 0 | 0.0 | false | false | 0 | false | Yes (true) |
| C | false | false | false | false | false | false | 0 | 0 | 0.0 | false | false | 0 | false | Yes (true) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Term Of HedgeTermOfHedgePct | Superintegrated HedgeSuperintegratedHedgeInd | Hedge TerminatedHedgeTerminatedInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Term Of GICTermOfGICPct | Regulatory Safe Harbor StsfdRegulatorySafeHarborStsfdInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | false | false | false | Yes (true) | false | false | 0 | false | false | false | 0 | false | false | Yes (true) |
| B | false | false | false | Yes (true) | false | false | 0 | false | false | false | 0 | false | false | Yes (true) |
| C | false | false | false | Yes (true) | false | false | 0 | false | false | false | 0 | false | false | Yes (true) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (true) |
| B | Yes (true) |
| C | Yes (true) |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Line 4 Significant changes to organizational documents | THE UGA REAL ESTATE FOUNDATION, INC. AMENDED THE CORPORATE BY-LAWS IN ORDER TO (1) REDUCE THE REQUIRED NUMBER OF ANNUAL MEETINGS FROM 3 TO 2; (2) ADJUST THE COMPOSITION OF THE BOARD OF TRUSTEES TO ENSURE THE BOARD MEMBERSHIP CONTINUES TO REFLECT A BROAD RANGE OF REAL ESTATE EXPERTISE; AND (3) CORRECT VARIOUS TYPOGRAPHICAL ERRORS. THE UNIVERSITY OF GEORGIA RESEARCH FOUNDATION, INC. IS THE SOLE MEMBER AND CORPORATE PARENT OF THE UGA REAL ESTATE FOUNDATION, INC. AND AFTER THE AMENDMENT CONTINUES TO HOLD A SIGNIFICANT MEMBERSHIP (AT LEAST 4 MEMBERS) OF THE UGA REAL ESTATE FOUNDATION, INC.'S BOARD OF TRUSTEES. |
| 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. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (19 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|
| UGAREF Bolton Commons LLC | ||||||||
| 1180 East Broad Street | Athens | GA | 30602 | Manage Real Estate | GA | $1,036,809 | $17,854,933 | UGA Real Estate Foundation Inc |
| UGAREF Central Precinct LLC | ||||||||
| 1180 East Broad Street | Athens | GA | 30602 | Manage Real Estate | GA | $2,019,382 | $39,956,623 | UGA Real Estate Foundation Inc |
| UGAREF Central Precinct Housing Phase I LLC | ||||||||
| 1180 East Broad Street | Athens | GA | 30602 | Manage Real Estate | GA | $1,723,679 | $41,985,126 | UGA Real Estate Foundation Inc |
| UGAREF Central Precinct Housing Phase II LLC | ||||||||
| 1180 East Broad Street | Athens | GA | 30602 | Construct Real Estate | GA | $0 | $14,368 | UGA Real Estate Foundation Inc |
| UGAREF East Campus Housing LLC | ||||||||
| 1180 East Broad Street | Athens | GA | 30602 | Manage Real Estate | GA | $3,361,762 | $57,041,066 | UGA Real Estate Foundation Inc |
| UGAREF East Campus Housing Phase II LLC | ||||||||
| 1180 East Broad Street | Athens | GA | 30602 | Manage Real Estate | GA | $2,106,731 | $38,796,602 | UGA Real Estate Foundation Inc |
| UGAREF Fraternity Row House 1 LLC | ||||||||
| 1180 East Broad Street | Athens | GA | 30602 | Manage Real Estate | GA | -$330,643 | $116,147 | UGA Real Estate Foundation Inc |
| UGAREF Fraternity Row House 2 LLC | ||||||||
| 1180 East Broad Street | Athens | GA | 30602 | Manage Real Estate | GA | -$330,685 | $114,705 | UGA Real Estate Foundation Inc |
| UGAREF Fraternity Row House 3 LLC | ||||||||
| 1180 East Broad Street | Athens | GA | 30602 | Manage Real Estate | GA | -$319,893 | $116,127 | UGA Real Estate Foundation Inc |
| UGAREF Fraternity Row House 7 LLC | ||||||||
| 1180 East Broad Street | Athens | GA | 30602 | Manage Real Estate | GA | -$220,739 | $9,901 | UGA Real Estate Foundation Inc |
| UGAREF Fraternity Row LLC | ||||||||
| 1180 East Broad Street | Athens | GA | 30602 | Manage Real Estate | GA | $2,904 | $4,469 | UGA Real Estate Foundation Inc |
| UGAREF Hardin Property LLC | ||||||||
| 1180 East Broad Street | Athens | GA | 30602 | Manage Real Estate | GA | $74 | $8,725,203 | UGA Real Estate Foundation Inc |
| UGAREF Lumpkin Street Housing Phase I LLC | ||||||||
| 1180 East Broad Street | Athens | GA | 30602 | Construct Real Estate | GA | $2,078,852 | $74,566,814 | UGA Real Estate Foundation Inc |
| UGAREF Oconee Street LLC | ||||||||
| 1180 East Broad Street | Athens | GA | 30602 | Manage Real Estate | GA | $719,057 | $8,571,835 | UGA Real Estate Foundation Inc |
| UGAREF PAC Parking Deck LLC | ||||||||
| 1180 East Broad Street | Athens | GA | 30602 | Manage Real Estate | GA | $664,320 | $12,696,707 | UGA Real Estate Foundation Inc |
| UGAREF Spring Street LLC | ||||||||
| 1180 East Broad Street | Athens | GA | 30602 | Manage Real Estate | GA | $308 | $10,601 | UGA Real Estate Foundation Inc |
| UGAREF Terry College Phase 1 LLC | ||||||||
| 1180 East Broad Street | Athens | GA | 30602 | Manage Real Estate | GA | $0 | $0 | UGA Real Estate Foundation Inc |
| UGAREF West Precinct LLC | ||||||||
| 1180 East Broad Street | Athens | GA | 30602 | Construct Real Estate | GA | $1,268,094 | $60,713,952 | UGA Real Estate Foundation Inc |
| Athens Transportation Partners LLC | ||||||||
| 1180 East Broad Street | Athens | GA | 30602 | Manage Real Estate | GA | $3,817 | $11,052,558 | UGA Real Estate Foundation Inc |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt |
|---|---|---|---|---|---|---|---|---|---|---|
| University of Georgia | ||||||||||
| 456 E Broad St | Athens | GA | 30602 | 586001998 | Education & Research | GA | NA | false | ||
| University of Georgia Research Foundation Inc | ||||||||||
| 456 E Broad St | Athens | GA | 30602 | 581353149 | Research | GA | NA | false | 501(c)(3) | 7 |
| UGAREF Cortona Italy Foundation | ||||||||||
| 1180 E Broad St | Athens | GA | 30602 | Provide housing for studies abroad program | NA | false | 501(c)(3) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (true) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | Yes (true) | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | Yes (true) | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (true) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (true) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (true) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (6 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| University of Georgia | ||
| D | $20,256,708 | Financial Statements |
| University of Georgia | ||
| G | $7,516,766 | Financial Statements |
| University of Georgia | ||
| J | $6,155,350 | Financial Statements |
| University of Georgia | ||
| M | $328,201 | Financial Statements |
| University of Georgia | ||
| P | $410,942 | Financial Statements |
| University of Georgia | ||
| Q | $2,149,807 | Financial Statements |
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