2012-08-10T14:58:18-05:00 2011-12-31 560571159 BERNARD ROBINSON & COMPANY LLP PO BOX 19608 GREENSBORO NC 274199608 990 2011-01-01 562035757 COMMUNITY FOUNDATION REAL ESTATE MANAGEMENT FUND INC COMM 3363799100 330 SOUTH GREENE STREET NO 100 GREENSBORO NC 274012659 JACQUELINE O'CONNELL 3363799100 2012-08-10 1 RHONDA F SKILES P00174702 3362944494 2012-08-10 2011 2016-02-24 21:20:13Z H WALKER SANDERS 330 SOUTH GREENE STREET NO 100 GREENSBORO NC 274012659 559535 0 X N/A X 1997 NC THE FUND SERVES AS A SUPPORTING ORGANIZATION OF COMMUNITY FOUNDATION OF GREATER GREENSBORO. 7 5 0 5 0 0 333845 464097 0 0 11601 4210 96065 90533 441511 558840 321884 39256 0 0 0 0 0 0 2398 -18453 65210 303431 104466 138080 454374 5756179 5875583 609078 275000 5147101 5600583 X THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO SERVE AS A SUPPORTING ORGANIZATION OF THE COMMUNITY FOUNDATION OF GREATER GREENSBORO (COMMUNITY FOUNDATION) BY CARRYING OUT PURPOSES WHICH ARE CONSISTENT WITH AND WHICH SUPPORT THE PURPOSES OF THE COMMUNITY FOUNDATION. THE PRIMARY FOCUS OF THE CORPORATION IN ITS SUPPORT OF THE COMMUNITY FOUNDATION IS (I) TO RECEIVE, ADMINISTER, USE, OPERATE, MANAGE, SELL, TRANSFER, RENT AND OTHERWISE DEAL IN AND WITH REAL PROPERTY OF EVERY KIND AND NATURE CONTRIBUTED, GRANTED OR OTHERWISE TRANSFERRED TO THE CORPORATION, (II) TO ADMINISTER CHARITABLE FUNDS COMPRISED OF ASSETS OTHER THAN REAL PROPERTY WHICH FUNDS CONTEMPLATE THE ACQUISITION OF REAL PROPERTY, AND (III) TO ADMINISTER CHARITABLE FUNDS COMPRISED OF ASSETS OTHER THAN REAL PROPERTY WHICH ARE DERIVED AS PROCEEDS FROM THE SALE AND RENTAL OF REAL PROPERTY. 0 0 91240 39256 GRANTS ARE MADE FOR THE BETTERMENT OF GREENSBORO, NORTH CAROLINA, AND THE SURROUNDING AREA. 91240 1 1 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 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 5 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X JACQUELINE O'CONNELL 3363799100 330 SOUTH GREENE STREET NO 100 GREENSBORO NC 274012659 CHESTER H BROWN JR 1.00 X X 0 0 0 ALBERT S LINEBERRY JR 1.00 X 0 0 0 ANN R LINEWEAVER 1.00 X 0 0 0 H WALKER SANDERS 1.00 X X 0 181545 23290 CHARLES L WEILL JR 1.00 X 0 0 0 JACQUELINE O'CONNELL 1.00 X X 0 106515 17142 LOUISE BRADY 1.00 X 0 0 0 0 288060 40432 0 0 1 0 BROOKS LUMBER COMPANY 302 W LEE STREET GREENSBORO NC 27406 CONSTRUCTION CONTRACT 614408 1 52942 411155 464097 4092 4092 813 695 118 118 118 INCOME FROM PARTNERSHI 523000 93800 93800 INCOME FROM PARTNERSHI 523000 -3267 -3267 90533 558840 0 0 94743 39256 39256 350 161 189 1510 1510 84 84 24898 13371 9129 2398 344 344 PROGRAM EXPENSES 31566 31566 FOUNDATION SERVICES 6458 6458 104466 91240 10828 2398 219237 262294 333845 0 122 0 4522459 24898 3786502 4497561 2596 11485 1052033 1104243 361844 0 5756179 5875583 171 608907 275000 609078 275000 X 5147101 5600583 5147101 5600583 5756179 5875583 X 454374 -892 X 0 1 1 X 0 X X X 0 0 0 COMMUNITY FOUNDATION OF GREATER GREENSBORO INC 561380249 7 1 1 1 39256 1 39256 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3186502 3186502 1335957 24898 1311059 4497561 1104243 F 1104243 DUE TO COMMUNITY FOUNDATION OF GREATER GREENSBORO 275000 275000 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: COMMUNITY FOUNDATION REAL ESTATE MANAGEMENT FUND, INC. IS A SUPPORTING ORGANIZATION OF COMMUNITY FOUNDATION OF GREATER GREENSBORO, INC. AND IS INCLUDED IN THE COMBINED FINANCIAL STATEMENTS OF COMMUNITY FOUNDATION OF GREATER GREENSBORO, INC. IT IS THE COMMUNITY FOUNDATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND THE IMPACT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE COMBINED FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED DURING 2011 AND 2010. CURRENTLY, THE STATUTE OF LIMITATIONS REMAINS OPEN SUBSEQUENT TO AND INCLUDING 2008; HOWEVER, NO EXAMINATIONS ARE IN PROGRESS OR ANTICIPATED. 1 COMMUNITY FOUNDATION OF GREATER GREENSBORO INC 330 SOUTH GREENE STREET SUITE 100 GREENSBORO NC 274012659 561380249 501(C)(3) 39256 GENERAL SUPPORT 1 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GRANTS WERE MADE TO COMMUNITY FOUNDATION OF GREATER GREENSBORO, OF WHICH THE FILING ORGANIZATION IS A SUPPORTING ORGANIZATION. X X X X 0 0 0 0 0 0 0 0 0 H WALKER SANDERS 0 175000 0 0 0 6545 0 12708 0 10582 0 204835 0 0 FORM 990, PART VI, SECTION A, LINE 2 CHESTER H. BROWN, JR. AND ALBERT S. LINEBERRY, JR.: BUSINESS RELATIONSHIP IN AN INVESTMENT CLUB WHICH IS ENTIRELY UNRELATED TO THE OPERATIONS OF COMMUNITY FOUNDATION REAL ESTATE MANAGEMENT FUND, INC. WALKER SANDERS AND JACKIE O'CONNELL: BUSINESS RELATIONSHIP AS PRESIDENT AND VICE PRESIDENT OF FINANCE AND ADMINISTRATION, RESPECTIVELY, OF COMMUNITY FOUNDATION OF GREATER GREENSBORO. FORM 990, PART VI, SECTION A, LINE 7A THE COMMUNITY FOUNDATION OF GREATER GREENSBORO BOARD OF DIRECTORS APPOINTS ALL MEMBERS OF THE COMMUNITY FOUNDATION REAL ESTATE MANAGEMENT FUND BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITTEE OF COMMUNITY FOUNDATION OF GREATER GREENSBORO, COMPRISED OF ACCOUNTING AND FINANCIAL PROFESSIONALS, WILL REVIEW A DRAFT 990 AND WILL REPORT ANY CONCERNS TO COMMUNITY FOUNDATION REAL ESTATE MANAGEMENT FUND, INC.'S BOARD. ALL BOARD MEMBERS WILL BE PROVIDED WITH A DRAFT BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, BOARD MEMBERS ACKNOWLEDGE, IN WRITING, THEIR ADHERENCE TO THE CONFLICT OF INTERST POLICY. EACH INDIVIDUAL LISTS SIGNIFICANT CIVIC, FINANCIAL AND BUSINESS RELATIONSHIPS FOR THEMSELVES AND SPOUSE. THE LIST IS SUMMARIZED, REVIEWED, AND DISCUSSED AS NECESSARY. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE IN OFFICE AND ON COMMUNITY FOUNDATION OF GREATER GREENSBORO'S WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -892. CFREMF REAL ESTATE HOLDINGS I LLC 330 SOUTH GREENE STREET SUITE 100 GREENSBORO NC 27401 562035757 REAL ESTATE NC 723 2689682 N/A 407 E WASHINGTON STREET LLC 330 SOUTH GREENE STREET SUITE 100 GREENSBORO NC 27401 273004585 REAL ESTATE NC 411155 1603794 N/A COMMUNITY FOUNDATION OF GREATER GREENSBORO 330 S GREENE ST SUITE 100 GREENSBORO NC 27401 561380249 EXEMPT NC 501(C)(3) LINE 7 N/A 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 COMMUNITY FOUNDATION OF GREATER GREENSBORO C 52942 CASH RECEIVED COMMUNITY FOUNDATION OF GREATER GREENSBORO E 110000 CASH REPAYMENT OF LOAN