2025-11-07T11:48:33+00:00 2025-06-30 882730877 Cherry Bekaert Advisory LLC 1075 Peachtree Street NE Suite 1600 Atlanta GA 30309 990 2024-07-01 582491922 UGA Real Estate Foundation Inc UGAR 7065830811 1180 East Broad Street Athens GA 30602 Eric Orbock Executive Director 2025-11-07 true Melanie McPeak P01346034 4042090954 2025-11-07 2024 2025-03-06 01:10:19Z Eric Orbock 1180 East Broad Street Athens GA 30602 27454111 false X www.ugaref.com X 1999 GA 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. 10 5 0 7 0 0 14872281 14790428 1597619 3201982 0 16469900 17992410 0 0 0 0 0 13882231 18230523 13882231 18230523 2587669 -238113 280274548 421250575 225317616 366274895 54956932 54975680 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. false false 17777877 14790428 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. 17777877 true false false false false false false false false false true false true false true false true true false true true false false false false false false false false true true false false false false false false false false false false false false false false true true false false true false true X 19 0 true 0 false true IT false false false false false false false false false false X 10 5 false false true false true true true true true false false false true true true true true true false false false false GA X Chad Cleveland 7065426860 456 E Broad St Athens GA 30602 Henry Munneke Secretary 10/1/24 - 6/30/25 1.0 40.0 X X 0 377263 68192 Jack Hu Ex-Officio Trustee, Secretary 7/1/24 - 9/30/24 1.0 40.0 X X 0 511868 52680 John Rooker Treasurer 7/1/24 - 9/30/24 1.0 0.0 X X 0 0 0 Ryan Nesbit Chairman 1.0 40.0 X X 0 377130 106628 Benjamin Ayers Ex-Officio Trustee 1.0 40.0 X 0 489273 65404 Christopher King Ex-Officio Trustee 1.0 40.0 X 0 242429 80667 Grant Tribble Trustee 1.0 0.0 X 0 0 0 Greg Guyer Trustee 1.0 1.0 X 0 0 0 James Whitley Trustee 1.0 0.0 X 0 0 0 Jere Morehead Ex-Officio Trustee 1.0 40.0 X 0 717514 328366 Kirby Alton Trustee 7/1/24 - 9/30/24 1.0 1.0 X 0 0 0 Marcus Thornton Trustee 1.0 0.0 X 0 0 0 Nancy Juneau Trustee 1.0 0.0 X 0 0 0 Eric Orbock Executive Director 30.0 10.0 X 0 220022 81334 0 2935499 783271 0 false true false The Whiting-Turner Contracting Co (Inc) P O Box 17596 Baltimore MD 21297 Construction 3207784 Turner Construction Company 3495 Piedmont Road NE Ste 700 Atlanta GA 30305 Construction 3150861 Fortson Bentley and Griffin PA 2500 Daniells Br Rd Athens GA 30606 Legal 453378 A-R-T & Associates 2337 Perimeter Park Drive Atlanta GA 30341 Design and Signage 282917 Kutak Rock LLP P O Box 30057 Omaha NE 68103 Legal 245055 9 0 FINANCING / LEASE INCOME 900099 9322599 9322599 REPAIR AND RESTORATION INCOME 900099 1549888 1549888 LEASE INCOME 900099 3910741 3910741 LICENSE/EASEMENT INCOME 900099 7200 7200 0 0 0 0 14790428 5122278 5122278 0 0 9486 7531919 0 9461701 9486 -1929782 -1920296 -1920296 0 0 0 0 0 0 17992410 14790428 0 3201982 134503 126602 7901 65666 65666 20015 20015 328201 0 328201 0 4258 4258 3000 3000 810836 810836 250 250 13525152 13525152 3010298 3010298 62242 38887 23355 LEASE EXPENSE 158656 158656 PROPERTY OPERATING EXPENSE 106296 106296 CORPORATE REGISTRATION 935 935 BANK FEES 215 215 0 0 0 0 18230523 17777877 452646 0 23406332 24035373 0 0 0 0 198596201 180131614 269810 164963 30125283 2459758 27779848 27665525 11529113 10858044 0 6747234 141071309 6515120 18374408 5430890 18949339 280274548 421250575 1020605 13894179 4896384 27431125 136772840 233528678 0 0 70654878 56504438 11972909 34916475 225317616 366274895 X 54956932 54975680 54956932 54975680 280274548 421250575 -238113 256861 0 X false true true false X X 2 University of Georgia 586001998 2 true 0 0 University of Georgia Research Foundation Inc 581353149 7 true 0 0 2 0 0 true true false false false false false false false false false false false false false true false 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. 26748393 26748393 3179498 2262366 917132 197392 197392 0 27665525 CONSTRUCTIONS IN PROGRESS 43709896 BOND PROCEEDS RESTRICTED FOR DEBT & CONSTRUCTION 97361413 141071309 Federal Income Taxes A/P RELATED AFFILIATES 233415 UNEARNED LEASE INCOME 16643975 LEASE OBILIGATIONS 18039085 34916475 18229256 256861 0 256861 17972395 20015 0 20015 17992410 18210508 0 0 18210508 20015 0 20015 18230523 Europe (Including Iceland and Greenland) 0 1 Program Services rental real estate 96508 0 1 0 0 0 1 96508 0 96508 false false false false false false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual false true false false false false false false false Jack Hu Ex-Officio Trustee, Secretary 7/1/24 - 9/30/24 0 511868 0 0 0 0 0 31878 0 20802 0 564548 0 0 Henry Munneke Secretary 10/1/24 - 6/30/25 0 362446 0 0 0 14817 0 35981 0 32211 0 445455 0 0 Ryan Nesbit Chairman 0 375753 0 0 0 1377 0 79727 0 26901 0 483758 0 0 Benjamin Ayers Ex-Officio Trustee 0 467061 0 0 0 22212 0 31878 0 33526 0 554677 0 0 Christopher King Ex-Officio Trustee 0 242429 0 0 0 0 0 51553 0 29114 0 323096 0 0 Jere Morehead Ex-Officio Trustee 0 685014 0 0 0 32500 0 318442 0 9924 0 1045880 0 0 Eric Orbock Executive Director 0 219776 0 0 0 246 0 47514 0 33820 0 301356 0 0 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. A Athens Housing Authority for CH PH I 586002838 047093HJ1 2020-12-09 43456458 CH PH I - to construct a residence hall false false false B Development Authority of the Unified Government of Athens-Clarke County GA for Bolton 582613761 047059KW9 2024-10-31 16759378 Bolton - to refinance all remaining bonds (orig issue 6/27/13) with lower rate bonds false false false C Development Authority of the Unified Government of Athens-Clarke County GA for Central 582613761 047059GB0 2016-06-16 61143584 Central - to refinance all remaining bonds (orig issue 1/29/08) with lower rate bonds false false false D Athens Housing Authority for EC Hsing II 586002838 047093FF1 2017-02-09 48929542 EC Hsing II - to refinance all remaining bonds (orig issue 7/15/09) with lower rate bonds false false false A 2115000 43456458 2903103 638617 44738 39870000 2022 false false true true B 740000 16859322 304879 6162 16548281 2014 true false true true C 17925000 62026066 596838 36278 61392950 2009 false true true true D 11570000 50295851 544724 49751127 2010 false true true true A false false false false false true 0 0 0.0 false false 0 false true B false false false false false false 0 0 0.0 false false 0 false true C false false false false false false 0 0 0.0 false false 0 false true D false false false false false false 0 0 0.0 false false 0 false true A false false false true false false 0 false false false 0 false false true B false false false true false false 0 false false false 0 false false true C false false false true false false 0 false false false 0 false false true D false false false true false false 0 false false false 0 false false true A true B true C true D true 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 A Development Authority of the Unified Government of Athens-Clarke County GA for PAC 582613761 047059JG6 2017-09-14 16021388 PAC - to refinance all remaining bonds (orig issue 11/25/09) with lower rate bonds false false false B Athens Housing Authority for LHI 586002838 047093JF7 2024-09-05 52874237 LHI - to construct a residence hall false false false C Development Authority of the Unified Government of Athens-Clarke County GA for West 582613761 047059LQ1 2024-10-31 48587880 West - to construct a dining, learning and well-being center false false false A 4340000 16374497 317858 5273 16051366 2009 false true true true B 55749554 1766657 858532 20203552 32920813 false false false true C 49854492 1266175 760068 12214212 35614037 false false false true A false false false false false false 0 0 0.0 false false 0 false true B false false false false false false 0 0 0.0 false false 0 false true C false false false false false false 0 0 0.0 false false 0 false true A false false false true false false 0 false false false 0 false false true B false false false true false false 0 false false false 0 false false true C false false false true false false 0 false false false 0 false false true A true B true C true 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. UGAREF Bolton Commons LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA 1036809 17854933 UGA Real Estate Foundation Inc UGAREF Central Precinct LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA 2019382 39956623 UGA Real Estate Foundation Inc UGAREF Central Precinct Housing Phase I LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA 1723679 41985126 UGA Real Estate Foundation Inc UGAREF Central Precinct Housing Phase II LLC 1180 East Broad Street Athens GA 30602 Construct Real Estate GA 0 14368 UGA Real Estate Foundation Inc UGAREF East Campus Housing LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA 3361762 57041066 UGA Real Estate Foundation Inc UGAREF East Campus Housing Phase II LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA 2106731 38796602 UGA Real Estate Foundation Inc UGAREF Fraternity Row House 1 LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA -330643 116147 UGA Real Estate Foundation Inc UGAREF Fraternity Row House 2 LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA -330685 114705 UGA Real Estate Foundation Inc UGAREF Fraternity Row House 3 LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA -319893 116127 UGA Real Estate Foundation Inc UGAREF Fraternity Row House 7 LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA -220739 9901 UGA Real Estate Foundation Inc UGAREF Fraternity Row LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA 2904 4469 UGA Real Estate Foundation Inc UGAREF Hardin Property LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA 74 8725203 UGA Real Estate Foundation Inc UGAREF Lumpkin Street Housing Phase I LLC 1180 East Broad Street Athens GA 30602 Construct Real Estate GA 2078852 74566814 UGA Real Estate Foundation Inc UGAREF Oconee Street LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA 719057 8571835 UGA Real Estate Foundation Inc UGAREF PAC Parking Deck LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA 664320 12696707 UGA Real Estate Foundation Inc UGAREF Spring Street LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA 308 10601 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 1268094 60713952 UGA Real Estate Foundation Inc Athens Transportation Partners LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA 3817 11052558 UGA Real Estate Foundation Inc 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 501(c)(3) 7 NA false UGAREF Cortona Italy Foundation 1180 E Broad St Athens GA 30602 Provide housing for studies abroad program 501(c)(3) NA false false false false true false false true false false true false false true false false true true false false University of Georgia D 20256708 Financial Statements University of Georgia G 7516766 Financial Statements University of Georgia J 6155350 Financial Statements University of Georgia M 328201 Financial Statements University of Georgia P 410942 Financial Statements University of Georgia Q 2149807 Financial Statements