2015-11-04T14:42:08-06:00 2015-06-30 560747981 DIXON HUGHES GOODMAN LLP 4510 COX ROAD SUITE 200 GLEN ALLEN VA 230603394 990 2014-07-01 208608553 WILLIAM & MARY REAL ESTATE FOUNDATION WILL 7572217805 PO BOX 8795 WILLIAMSBURG VA 23187 NANCY BUCHANAN EXECUTIVE DIRECTOR 7572217805 2015-10-30 1 ANGELA CAIN P01244249 8042827636 2014 2016-03-07 17:11:31Z NANCY BUCHANAN PO BOX 8795 WILLIAMSBURG VA 23187 1303531 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 0 140000 1142636 1110548 -29799 9413 0 43570 1112837 1303531 166500 0 0 0 152176 167089 0 0 0 996789 1132125 1315465 1299214 -202628 4317 18501568 18255325 8316827 8094767 10184741 10160558 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 1210363 1110548 MANAGEMENT OF REAL ESTATE ACTIVITIES FOR THE BENEFIT THE COLLEGE OF WILLIAM AND MARY'S PROGRAMS AND ACTIVITIES 1210363 1 1 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 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 X 9 6 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 VA X WARREN WHITNEY & SHERWOOD 8042829566 203 HIGHLAND I 7231 FOREST AVENUE RICHMOND VA 23226 JOHN W GERDELMAN CHAIR 0.30 X X 0 0 0 HOWARD J BUSBEE VICE CHAIR 0.30 40.00 X X 0 80126 0 SAMUEL E JONES TREASURER 0.30 40.00 X X 0 234248 42014 ANITA POSTON SECRETARY 0.30 X X 0 0 0 HENRY C WOLF BOARD MEMBER 0.10 X 0 0 0 W TAYLOR REVELEY III BOARD MEMBER 0.10 40.00 X 0 440852 57092 DEVIN MURPHY BOARD MEMBER 0.10 X 0 0 0 SUSAN DEWEY BOARD MEMBER 0.10 X 0 0 0 WILLIAM J KINIRY BOARD MEMBER 0.10 X 0 0 0 NANCY BUCHANAN EXECUTIVE DIRECTOR 40.00 X 0 116892 26696 0 872118 125802 1 0 1 0 0 140000 140000 140000 RENTAL INCOME 532000 1110548 1110548 1110548 9413 9413 LEASE TERMINATION FEE 532000 43570 43570 43570 1303531 1110548 0 52983 154470 123576 30894 3293 2634 659 9326 7461 1865 31740 31740 36051 36051 34925 34925 4792 4792 92350 92350 1191 893 298 290329 290329 456489 456489 30242 15676 14566 REPAIRS & MAINTENANCE 138645 138645 REAL ESTATE TAXES 8515 8515 COMMUNICATION SERVICES 4015 4015 MISCELLANEOUS 2841 1989 852 1299214 1210363 88851 0 83511 54110 5028846 5027718 142957 182695 138263 10314 10712 13477223 971951 12554916 12505272 492082 318579 50679 156239 18501568 18255325 44721 64054 4652420 4516711 3600826 3498713 18860 15289 8316827 8094767 X 10140002 10004319 44739 156239 10184741 10160558 18501568 18255325 4317 -28500 0 X X 0 1 X 1 0 X X 2 THE COLLEGE OF WILLIAM & MARY 546001718 6 1 0 0 THE COLLEGE OF WILLIAM & MARY FOUNDATION 540734117 5 1 0 0 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2936577 2936577 10360462 878220 9482242 180184 93731 86453 12505272 TENANT SECURITY DEPOSITS 15289 15289 X 1275031 -28500 -28500 1303531 0 1303531 1299214 0 1299214 0 1299214 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. ORCHID PROPERTIES, LLC AND WMREF VENTURES I, LLC ARE DISREGARDED ENTITIES FOR TAX PURPOSES AND ARE INCLUDED IN THE FOUNDATION FILINGS. THE FOUNDATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2015 AND 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, 2012 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. X 0 0 0 0 0 0 0 0 0 SAMUEL E JONES TREASURER 0 234248 0 0 0 0 0 25196 0 16818 0 276262 0 0 W TAYLOR REVELEY III BOARD MEMBER 0 440852 0 0 0 0 0 31617 0 25475 0 497944 0 0 PART I, LINE 3 THE EXECUTIVE DIRECTOR'S ANNUAL COMPENSATION IS APPROVED BY THE BOARD. SCHEDULE J, PART II THE COMPENSATION OF HOWARD J. BUSBEE, SAMUEL E. JONES, AND TAYLOR W. REVELEY, III ARE PAID BY THE COLLEGE OF WILLIAM & MARY (COLLEGE) FOR SERVICES PROVIDED TO THE COLLEGE. NONE OF THE COMPENSATION IS ATTRIBUTED TO SERVICES PROVIDED TO WILLIAM & MARY REAL ESTATE FOUNDATION. THE COMPENSATION IS ONLY BEING REPORTED BECAUSE THE COLLEGE IS A RELATED PARTY OF WILLIAM & MARY REAL ESTATE FOUNDATION. A ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF WILLIAMSBURG VA 546001680 2011-09-16 5000000 TO FINANCE THE STUDENT HOUSING PORTION OF TRIBE SQUARE. 0 0 0 A 483289 5000000 173081 4826919 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 X 1 140000 APPRAISED VALUE 0 1 1 PART I, LINE 32B: A BROKER IS USED TO SELL REAL ESTATE THAT IS DONATED TO THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A THE PRESIDENT OF THE COLLEGE OF WILLIAM & MARY (COLLEGE) SHALL BE AN EX OFFICIO DIRECTOR AND SHALL BE ENTITLED TO VOTE. ONE (1) VICE PRESIDENT OF THE COLLEGE SHALL BE APPOINTED AS A DIRECTOR OF THE FOUNDATION BY THE PRESIDENT OF THE COLLEGE, TWO (2) DIRECTORS SHALL BE APPOINTED BY THE BOARD OF VISITORS OF THE COLLEGE, AND TWO (2) DIRECTORS SHALL BE APPOINTED BY THE BOARD OF TRUSTEES OR THE EXECUTIVE COMMITTEE OF THE COLLEGE OF WILLIAM & MARY FOUNDATION (THE "COLLEGE FOUNDATION"). AT THE INITIAL ANNUAL MEETING AND ALTERNATING MEETINGS THEREAFTER, THE BOARD SHALL ELECT TWO (2) DIRECTORS (THE "PUBLIC DIRECTORS"), WHO SHALL NOT BE MEMBERS OF THE BOARD OF VISITORS OF THE COLLEGE, OFFICIALS OF THE COLLEGE OR MEMBERS OF THE BOARD OF TRUSTEES OF THE COLLEGE FOUNDATION. 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: 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 6/30/15. VA 0 0 WILLIAM & MARY REAL ESTATE FOUNDATION WMREF VENTURES I LLC PO BOX 8795 WILLIAMSBURG VA 23187 352526867 OWNING AND MANAGING REAL ESTATE. VA 389844 4162001 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