2026-05-06T17:16:09-05:00 2025-06-30 420714325 RSM US LLP 919 EAST MAIN STREET SUITE 1800 RICHMOND VA 23219 990 2024-07-01 530159845 THE URBAN LAND INSTITUTE URBA 2026247000 2001 L STREET NW 200 WASHINGTON DC 20036 LEO GONZALEZ CFO 2026247000 2026-05-06 1 0 MEREDITH BELL P01696827 8042822121 2026-05-06 2024 2025-03-06 01:10:19Z ULI - THE URBAN LAND INSTITUTE ANGELA CAIN 2001 L STREET NW 200 WASHINGTON DC 20036 108583995 0 X WWW.ULI.ORG X 1936 IL SHAPE THE FUTURE OF THE BUILT ENVIRONMENT FOR TRANSFORMATIVE IMPACT IN COMMUNITIES WORLDWIDE. WE ARE A GLOBAL NETWORK OF PROFESSIONALS IN EVERY SECTOR OF REAL ESTATE DEVELOPMENT AND LAND USE, FROM PRIVATE ENTERPRISE TO PUBLIC SERVICE. 14 13 313 7200 325185 0 12656060 11879511 80197557 79500511 255439 948377 0 0 93109056 92328399 1849791 1772418 0 0 42442554 41856196 0 0 2036473 53689707 50953140 97982052 94581754 -4872996 -2253355 106272449 93389265 40287817 26947362 65984632 66441903 X SHAPE THE FUTURE OF THE BUILT ENVIRONMENT FOR TRANSFORMATIVE IMPACT IN COMMUNITIES WORLDWIDE. WE ARE A GLOBAL NETWORK OF PROFESSIONALS IN EVERY SECTOR OF REAL ESTATE DEVELOPMENT AND LAND USE, FROM PRIVATE ENTERPRISE TO PUBLIC SERVICE. 0 0 38919939 126356 31520126 DISTRICT AND NATIONAL COUNCILS:DISTRICT COUNCILS DELIVER THE ULI MISSION DOMESTICALLY AT THE LOCAL LEVEL. THEY ENGAGE LOCAL MEMBERS THROUGH DEVELOPING VARIOUS ULI PRIORITY PROGRAMS, HOSTING EDUCATIONAL FORUMS, AND CONVENING EVENTS SUCH AS SPECIAL INITIATIVE CONFERENCES KEYED TO THE RELEASE OF PUBLICATIONS LIKE EMERGING TRENDS IN REAL ESTATE. BY CONDUCTING COMMUNITY OUTREACH PROGRAMS AND PROVIDING INDUSTRY EXPERTISE TO COMMUNITY LEADERS, DISTRICT COUNCILS FOCUS ON OPPORTUNITIES TO FOSTER COLLABORATION LOCALLY AND BUILD HEALTHY, SUSTAINABLE COMMUNITIES.CONTINUED ON SCHEDULE O.NATIONAL COUNCILS PROVIDE AN OPPORTUNITY TO INFLUENCE LOCAL LAND USE POLICY INTERNATIONALLY BY FACILITATING THE EXCHANGE OF KNOWLEDGE BETWEEN INDUSTRY EXPERTS AND COMMUNITY LEADERS. OUR NATIONAL COUNCILS DO THIS THROUGH EDUCATIONAL FORUMS AND EVENTS SUCH AS CONFERENCES, PROJECT TOURS, AND COMMUNITY OUTREACH PROGRAMS. IN THE ULI SPIRIT OF OFFERING AN UNBIASED AND NONPARTISAN EXCHANGE ON ISSUES AFFECTING THE INDUSTRY, NATIONAL COUNCILS PROVIDE THE AVENUES FOR ACTIVE DIALOGUES AMONG PRIVATE INDUSTRY, ENVIRONMENTAL ORGANIZATIONS, AND PUBLIC AGENCIES TO HELP PROVIDE SOLUTIONS TO LOCAL AND REGIONAL ISSUES.THE ACTIVITIES RECORDED HERE ARE THE ACTIVITIES PERFORMED DIRECTLY BY THE DISTRICT/NATIONAL COUNCILS, WHICH ARE ACCOUNTED FOR ON AN INDIVIDUAL COUNCIL BASIS SEPARATELY WITHIN ULI, AS WELL AS THE COSTS INCURRED BY ULI AT THE NATIONAL LEVEL TO SUPPORT THE DISTRICT/NATIONAL COUNCIL PROGRAM. THE MAJORITY OF THE COSTS AT THE NATIONAL LEVEL ARE FOR PROGRAM AND LOGISTICAL SUPPORT AS WELL AS COMMUNITY OUTREACH EFFORTS IN THE AREAS OF REGIONAL COOPERATION, URBAN REVITALIZATION, AND EDUCATING HIGH SCHOOL STUDENTS ON LAND USE AND DEVELOPMENT ISSUES. 9649381 22600 17453083 MEETINGS/CONFERENCES:THE INSTITUTE SPONSORS TWO SIGNIFICANT DOMESTIC MULTI-DAY MEETINGS EACH YEAR THAT BRING TOGETHER INDUSTRY LEADERS FROM A VARIETY OF DISCIPLINES. BOTH SPRING AND FALL MEETINGS TYPICALLY DRAW IN EXCESS OF 5,000 ATTENDEES, INCLUDING DEVELOPERS, INVESTORS, ARCHITECTS, PLANNERS, BROKERS, ATTORNEYS AND GOVERNMENT OFFICIALS. IN ADDITION TO ITS SPRING AND FALL MEETINGS, ULI EUROPE AND ULI ASIA HOST LARGE ANNUAL CONFERENCES IN CITIES WITHIN THEIR RESPECTIVE REGIONS. 8005158 21377 2834223 CONTENT:THE INSTITUTE DELIVERS CONTENT TO ITS MEMBERS AND THE COMMUNITY AT LARGE THROUGH A NUMBER OF FUNDED CENTERS AND INITIATIVES:THE RANDALL LEWIS CENTER FOR SUSTAINABILITY IN REAL ESTATE IS DEDICATED TO CREATING HEALTHY, RESILIENT, AND HIGH-PERFORMANCE COMMUNITIES AROUND THE WORLD. THROUGH THE WORK OF ITS GREENPRINT AND URBAN RESILIENCE PROGRAMS, THE CENTER PROVIDES LEADERSHIP AND SUPPORT TO LAND USE PROFESSIONALS TO INVEST IN ENERGY PERFORMANCE AND PORTFOLIO RESILIENCE WHILE REDUCING RISKS DUE TO A CHANGING CLIMATE. CONTINUED ON SCHEDULE O.THE ULI CENTER FOR CAPITAL MARKETS AND REAL ESTATE WAS FOUNDED IN 2009 WITH A MISSION TO PROMOTE UNDERSTANDING OF THE REAL ESTATE CAPITAL MARKETS AND PROVIDE LEADERSHIP IN FOSTERING A HEALTHY AND PRODUCTIVE REAL ESTATE CAPITAL MARKETS SECTOR. ULI CURRENTLY IS ENGAGED IN REAL ESTATE FINANCE AND CAPITAL MARKET ACTIVITIES AND PROGRAMS ACROSS THE ORGANIZATION, AND THE CENTER IS INTEGRALLY INVOLVED IN DEVELOPING, GUIDING, AND/OR SHOWCASING BOTH ONGOING AND NEW PROGRAMS.THE ULI TERWILLIGER CENTER FOR HOUSING CONDUCTS RESEARCH, PERFORMS ANALYSIS, PROVIDES EXPERT ADVICE, AND DEVELOPS BEST PRACTICE RECOMMENDATIONS THAT REFLECT THE RESIDENTIAL LAND USE AND DEVELOPMENT PRIORITIES OF ULI MEMBERS IN ALL RESIDENTIAL PRODUCT TYPES, WITH SPECIAL ATTENTION TO WORKFORCE AND AFFORDABLE HOUSING. THE CENTER INTEGRATES ULI'S WIDE-RANGING HOUSING ACTIVITIES INTO A PROGRAM OF WORK THAT FURTHERS THE DEVELOPMENT OF MIXED-INCOME COMMUNITIES WITH A RANGE OF HOUSING OPTIONS.THE ULI GREENPRINT CENTER IS A CATALYST FOR CHANGE, TAKING MEANINGFUL, IMMEDIATE AND MEASURABLE ACTIONS TO GENERATE REAL ESTATE SOLUTIONS THAT IMPROVE THE ENVIRONMENT THROUGH ENERGY EFFICIENCY WHILE DEMONSTRATING THE CORRELATION WITH INCREASED PROPERTY VALUES. GREENPRINT FOCUSES ON REDUCING THE CARBON FOOTPRINT OF EXISTING BUILDINGS, WHICH CURRENTLY REPRESENT ONE-THIRD OF GLOBAL CARBON EMISSIONS AND WORKS TO ACHIEVE ITS CARBON REDUCTION GOALS THROUGH EDUCATION AND ACTION. THE CENTER USES THE COLLECTIVE POWER OF ITS MEMBERSHIP TO LEAD BY EXAMPLE IN LOWERING CARBON EMISSIONS BY EXPLORING AND IMPLEMENTING ENERGY-REDUCING TECHNOLOGIES, SHARING THEIR PERFORMANCE RESULTS WITH THE PUBLIC THROUGH THE GREENPRINT PERFORMANCE REPORT, TM.THE ROBERT C. LARSON LEADERSHIP INITIATIVE ENABLES ULI TO ADD LEADERSHIP DEVELOPMENT ACTIVITIES TO ITS PROGRAM OF WORK AND EXTEND THE INSTITUTE'S REACH TO MANY MORE CURRENT AND POTENTIAL LEADERS. THE INITIATIVE ALSO SUPPORTS THE WORK OF THE ULI WOMEN'S LEADERSHIP INITIATIVE WHOSE MISSION IS TO RAISE THE VISIBILITY AND NUMBER OF WOMEN LEADERS IN ULI AND THE REAL ESTATE INDUSTRY.ULI'S URBAN RESILIENCE PROGRAM PROVIDES ULI MEMBERS, THE PUBLIC, AND COMMUNITIES ACROSS THE UNITED STATES WITH INFORMATION ON HOW TO BE MORE RESILIENT IN THE FACE OF CLIMATE CHANGE AND OTHER ENVIRONMENTAL VULNERABILITIES. THE PROGRAM SEEKS TO PROVIDE TECHNICAL ASSISTANCE, ADVANCE KNOWLEDGE, AND CATALYZE ADOPTION OF TRANSFORMATIVE MARKET PRACTICES AND POLICIES. THROUGH ADVISORY SERVICES, RESEARCH, CONVENINGS, AND SUPPORT OF DISTRICT COUNCIL PROJECTS, THE URBAN RESILIENCE PROGRAM SEEKS TO ENHANCE COMMUNITY RESILIENCE WITH A FOCUS ON THE BUILT ENVIRONMENT, REAL ESTATE MARKETS, AND THE LAND USE POLICY SECTOR.THE ULI BUILDING HEALTHY PLACES INITIATIVE IS A MULTIFACETED PROGRAM INCLUDING RESEARCH AND PUBLICATIONS, CONVENINGS, AND ADVISORY ACTIVITIES TO LEVERAGE THE POWER OF THE INSTITUTE'S GLOBAL NETWORKS TO SHAPE PROJECTS AND PLACES IN WAYS THAT IMPROVE THE HEALTH OF PEOPLE AND COMMUNITIES. 1226851 131470 PUBLISHING/URBAN LAND MAGAZINE:THROUGH ITS ORIGINAL RESEARCH AND THE RESEARCH OF ITS MEMBERS, THE INSTITUTE PUBLISHES BOOKS AND CASE STUDIES ON A VARIETY OF INDUSTRY TOPICS RELEVANT TO ITS MEMBERS. PUBLICATIONS ARE OFFERED IN PRINT BOUND FORMAT, PDF AS WELL AS E-PUB. PUBLICATIONS ARE MANAGED THROUGH A THIRD-PARTY FULFILLMENT COMPANY. THE INSTITUTE'S FLAGSHIP PERIODICAL AND A SIGNIFICANT MEMBERSHIP BENEFIT, URBAN LAND MAGAZINE PROMOTES THE INSTITUTE'S VISION AND MISSION BY REPORTING ON LAND USE POLICY AND REAL ESTATE PRACTICE, INDUSTRY SECTOR UPDATES, CAPITAL MARKETS AND MARKET TRENDS, SUSTAINABILITY, AND PLANNING AND DESIGN. THE MAGAZINE IS OFFERED FREE WITH MEMBERSHIP AND IS AVAILABLE BOTH IN PRINT AND ONLINE. 988626 677728 ULI LEARNING:ULI LEARNING PROGRAM DELIVERS PRACTICAL INSTRUCTION FOR LAND USE AND REAL ESTATE PROFESSIONALS AT ALL LEVELS FROM EXPERIENCED PRACTITIONERS AND RESEARCHERS. REFLECTING THE DIVERSE PROFESSIONALS THAT COMPRISE THE ULI MEMBERSHIP, THE PROGRAM IS DESIGNED TO SERVE PROFESSIONALS ACROSS DISCIPLINES THROUGH ONLINE COURSES, REAL ESTATE INSTRUCTION PROGRAMS, REAL ESTATE ENTREPRENEUR PROGRAMS, AND THE PRO FORMA FUNDAMENTALS CERTIFICATE. 736278 138007 ADVISORY SERVICES:ADVISORY SERVICES PANELS PROVIDE LOCAL GOVERNMENTS, PRIVATE DEVELOPERS, COMMUNITY DEVELOPMENT CORPORATIONS, AND MANY OTHER ORGANIZATIONS WITH ADVISORY REPORTS TO ADDRESS THE MOST CHALLENGING REAL ESTATE AND LAND USE ISSUES FACING COMMUNITIES TODAY. IN PROVIDING ADVISORY SERVICES, ULI CONVENES A PANEL OF INDUSTRY LEADERS FROM ITS DIVERSE MEMBERSHIP, INCLUDING DEVELOPERS, PLANNERS, FINANCIERS, MARKET ANALYSTS, DESIGNERS, ECONOMISTS, ARCHITECTS, AND PUBLIC OFFICIALS, TO PROVIDE PRACTICAL AND OBJECTIVE ADVICE THAT IS NOT AVAILABLE FROM ANY OTHER SOURCE. 778218 106437 344568 AWARDS: ULI HAS SET THE STANDARD IN RECOGNIZING OUTSTANDING REAL ESTATE DEVELOPMENT PROJECTS, RELATED PROGRAMS, AND VISIONARIES IN URBAN DEVELOPMENT. ULI'S AWARDS PROGRAMS ARE HIGHLY SELECTIVE AND PROVIDE A PRESTIGIOUS REFERENCE FOR PROFESSIONALS INVOLVED IN THE BUILT ENVIRONMENT. WINNERS AND FINALISTS BENEFIT FROM WORLDWIDE RECOGNITION AMONG INFLUENTIAL LEADERS IN FIELDS RELATED TO REAL ESTATE AND URBAN DEVELOPMENT. AWARDS INCLUDE: THE AWARDS FOR EXCELLENCE PROGRAM, THE ULI J.C. NICHOLS PRIZE FOR VISIONARIES IN URBAN DEVELOPMENT, THE ULI GERALD D. HINES STUDENT URBAN DESIGN COMPETITION AND THE ULI AMANDA BURDEN URBAN OPEN SPACE AWARD. 3385904 23660472 MEMBERSHIP:ULI OFFERS A NUMBER OF OPPORTUNITIES FOR MEMBERSHIP DEPENDING ON AN INDIVIDUAL'S SPECIFIC INTEREST, INCLUDING: ASSOCIATE, FULL, YOUNG LEADER MEMBER UNDER 35, AND CORPORATE WITH FURTHER DISTINCTIONS FOR PRIVATE VERSUS PUBLIC AND DOMESTIC VERSUS INTERNATIONAL MEMBERSHIP. EACH PROGRAM PROVIDES THE MEMBER WITH A SPECIFIC BASKET OF BENEFITS. MEMBERSHIP DEVELOPMENT EXPENSES RELATE TO MEMBERSHIP RECRUITMENT AND RETENTION EFFORTS, AS WELL AS ORDER PROCESSING AND FULL MEMBER ADMISSIONS ACTIVITIES. 2887148 2661585 PRODUCT COUNCILS:PRODUCT COUNCILS PROVIDE A DEDICATED FORUM FOR INFORMATION EXCHANGE ON THE STATE-OF-THE-ART OF A VARIETY OF SPECIFIC INDUSTRY SECTORS. MEMBERSHIP IS LIMITED TO FULL MEMBERS AND IS BY APPOINTMENT ONLY. THE INSTITUTE CURRENTLY HAS 65 DOMESTIC AND 7 GLOBAL COUNCILS FOCUSED ON 25 AREAS OF ACTIVITY, INCLUDING AFFORDABLE/WORKFORCE HOUSING, COMMUNITY DEVELOPMENT, OFFICE DEVELOPMENT, SENIOR HOUSING, TRANSIT-ORIENTED DEVELOPMENT, URBAN REVITALIZATION AMONG MANY OTHERS. 212082 LEADERSHIP: THE LEADERSHIP PROGRAM IS DESIGNED TO INCREASE THE PARTICIPATION OF ITS MOST SENIOR-LEVEL MEMBERS IN LEADERSHIP, VOLUNTEERING, AND MENTORSHIP OPPORTUNITIES ACROSS THE INSTITUTE. THE PROGRAM WILL WORK WITH APPROXIMATELY 600 MEMBERS, INCLUDING ULI FOUNDATION GOVERNORS, CURRENT GOVERNING TRUSTEES AND FORMER TRUSTEES. 1495648 1495648 ULIF OPERATING EXPENSES SUPPORT:ULIF TRANSFERS 100% OF THE FUNDS RAISED THROUGH THE ANNUAL FUND PROGRAM TO ULI TO SUPPORT ONGOING ULI PROGRAMS. IN RETURN, ULI ADDS TO ITS ANNUAL BUDGET ALL ULIF OPERATING EXPENSES THROUGH THE FORM OF A CONTRIBUTION TO ULIF. 999767 35687 INCLUSIVE EXCELLENCE:ULI SUPPORTS DIVERSITY, EQUITY, AND INCLUSION IS COMMITTED TO WORKING WITH AND FOR PEOPLE ACROSS BOUNDARIES THROUGH A NUMBER OF PROGRAMS FOCUSED ON CHANGING THE DEMOGRAPHY OF THE REAL ESTATE INDUSTRY. IT'S WOMEN'S LEADERSHIP INITIATIVE IS PRIMARILY FOCUSED ON PROMOTING THE ROLE OF WOMEN IN THE INDUSTRY. 4457095 188156 COMMUNICATIONS:THIS FUNCTION INCLUDES ALL ULI INTERNAL AND EXTERNAL COMMUNICATIONS PROGRAMS, SUCH AS THE ANNUAL REPORT, E-NEWS SERVICE, MEDIA RELATIONS, BRANDING, AND CORPORATE COMMUNICATIONS. 17167617 1602085 27837673 73742095 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 X 245 0 1 313 1 1 1 1 UK HK CH AS KS JA 0 0 0 0 0 0 0 0 0 0 X 14 13 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA DC X X LEO GONZALEZ CFO 2026247000 2001 L STREET NW 200 WASHINGTON DC 20036 DIANE HOSKINS GLOBAL CHAIR 2.00 0.00 X X 0 0 0 HALA EL AKL VICE CHAIR/SECRETARY 2.00 0.00 X X 0 0 0 FRANZ COLLOREDO-MANSFELD VICE CHAIR/TREASURER 2.00 0.00 X X 0 0 0 PETER BALLON IMMEDIATE PAST GLOBAL CHAIR 2.00 0.00 X 0 0 0 KRISTINA RASPE AMERICA'S CHAIR 2.00 0.00 X 0 0 0 TOM TOOMEY FOUNDATION CHAIR 2.00 0.00 X 0 0 0 SCOTT DUNN ASIA PACIFIC CHAIR 2.00 0.00 X 0 0 0 ANNE KAVANAGH EMEA CHAIR 2.00 0.00 X 0 0 0 DARYL CARTER DIRECTOR 2.00 0.00 X 0 0 0 BEN CHA DIRECTOR 2.00 0.00 X 0 0 0 CLARE DE BRIERE DIRECTOR 2.00 0.00 X 0 0 0 NATHALIE PALLADITCHEFF DIRECTOR 2.00 0.00 X 0 0 0 KAVINDI WICKREMAGE DIRECTOR 2.00 0.00 X 0 0 0 ANGELA CAIN GLOBAL CEO (BEG. 9/24) 36.00 2.00 X X 222791 0 6028 LEO GONZALEZ CHIEF FINANCIAL OFFICER 38.00 0.00 X 650597 0 28507 ALAN BEEBE PRESIDENT ASIA 38.00 0.00 X 467780 0 2304 LISETTE VAN DOORN CEO EUROPE 38.00 0.00 X 380521 0 56763 MARY BETH CORRIGAN PRESIDENT AMERICAS 38.00 0.00 X 513272 0 25475 LESLIE NAGAO CHIEF MARKETING OFFICER (THRU 11/24) 38.00 0.00 X 361557 0 1528 WENDY RICHARDS CHIEF PEOPLE OFFICER (THRU 10/24) 38.00 0.00 X 307093 0 3367 WILLIAM GRAYSON CHIEF INITIATIVE OFFICER(THRU 11/24) 38.00 0.00 X 453882 0 1434 GEORGE DANILOVICS CHIEF INFORMATION OFFICER 38.00 0.00 X 290505 0 20523 MATT KONETSCHNI SVP MEETINGS & EVENTS 38.00 0.00 X 266374 0 26967 JILL LUCKEN EVP DISTRICT COUNCILS (THRU 12/24) 38.00 0.00 X 280228 0 27004 FELIX CIAMPA EXECUTIVE DIRECTOR 38.00 0.00 X 282594 0 26860 ERIN SLONEKER SVP CORPORATE PARTNERSHIPS 38.00 0.00 X 260817 0 23447 STEVE SLEPIAN SVP FINANCE 38.00 0.00 X 256146 0 8154 DEVAN ANDRZEJEWSKI SVP MARKETING 38.00 0.00 X 245395 0 18392 RACHEL MACCLEERY EXECUTIVE DIRECTOR 38.00 0.00 X 241098 0 22760 5480650 0 299513 98 0 1 0 FREEMAN DECOR PO BOX 650036 DALLAS TX 75265 MEETING SUPPORT 2674778 RESORTS WORLD LAS VEGAS 3000 SOUTH LAS VEGAS BLVD LAS VEGAS NV 89109 MEETING VENUE 1490955 SUTHERLAND GOVERNMENT SOLUTIONS 11955 FREEDOM DRIVE RESTON VA 20190 OUTSOURCED CUSTOMER SERVICE 833000 SERVICE AMERICA CORPORATION 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 CATERING FOR MAJOR MEETINGS 715351 MCCARTHY MCSHERRY & ASSOCIATION 1700 W IRVING PARK RD STE 208 CHICAGO IL 10019 DISTRICT COUNCIL SUPPORT 539080 76 11879511 11879511 MEETINGS & CONFERENCES 900099 24825845 24825845 SPONSORSHIPS 900099 24197785 24197785 MEMBERSHIP DUES 900099 21707978 21707978 PRODUCT COUNCILS 900099 3603005 3603005 ADVISORY SERVICES 900099 1642241 1642241 3523657 3198472 325185 79500511 859582 859582 16344391 16255596 88795 88795 88795 92328399 54977541 325185 25146162 X 1495648 1495648 276770 276770 3745474 898791 2829471 17212 31007806 24477471 5395663 1134672 1411316 1030519 334019 46778 3580101 2614130 847310 118661 2111499 1541781 499733 69985 382348 48197 334151 307262 73885 233377 372241 372241 16400386 14015175 2280922 104289 75071 61850 13221 699721 581500 109235 8986 2802571 2802571 2795476 1732011 931281 132184 1814225 1397354 345703 71168 18369727 17852458 314560 202709 1926804 1136776 691830 98198 357532 1948 355584 CREDIT CARD FEES 1450584 1450584 MEMBER RECOGNITION 1217880 1183377 23259 11244 BAD DEBTS 142132 140782 1350 DUES & SUBSCRIPTIONS 45032 38713 4512 1807 1794148 1692375 83193 18580 94581754 73742095 18803186 2036473 7512636 12214116 3141468 2907818 193802 161667 1219568 611065 21557036 17721808 5188358 3835228 11829678 7124502 8707887 6842739 68479052 59692130 106272449 93389265 11079713 7859956 15084834 14360442 14123270 4726964 40287817 26947362 X 13990961 11888825 51993671 54553078 65984632 66441903 106272449 93389265 X -2253355 903537 1807089 X 0 1 X 1 0 X 23224495 11245340 16392454 12656060 11879511 75397860 50105259 86922790 78318790 79480007 79500511 374327357 73329754 98168130 94711244 92136067 91380022 449725217 255411 255411 0 255411 255411 449469806 328341 213508 374807 349866 859582 2126104 328341 213508 374807 349866 859582 2126104 73658095 98381638 95086051 92485933 92239604 451851321 0.99470 0.99570 0.00470 0.00430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 64441108 4584656 3569978 3433648 69162094 56142305 6995199 4406943 3103339 64441108 46444657 8897448 2468265 1668065 56142305 42375458 7052344 -1921601 1061544 46444657 36567535 747289 7313220 2252586 42375458 0.00000 0.21360 0.78640 0 1 1 5268711 3750512 1518199 979701 720885 258816 15308624 13250411 2058213 3835228 5969685 F REAL ESTATE 873054 F 6842739 ACCRUED INTEREST RECEIVABLE 14 BENEFICIAL INTEREST IN ULI FOUNDATION 54553078 DUE FROM ULI FOUNDATION 1941245 DEPOSITS 248846 RIGHT OF USE OPERATING LEASE ASSETS, NET 2948947 59692130 OPERATING LEASE LIABILITIES, NET 4726964 4726964 96993802 903537 224165 3909942 5037644 91956158 372241 372241 92328399 95610910 224165 1177232 1401397 94209513 372241 372241 94581754 PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS AT JUNE 30, 2025 REPRESENT ENDOWMENT NET ASSETS THAT ARE NOT AVAILABLE FOR USE BY ULIF. EARNINGS ON THE ENDOWMENT FUNDS ARE EITHER TEMPORARILY RESTRICTED FOR SPECIFIED ULI PROGRAMS OR ARE AVAILABLE FOR GENERAL OPERATIONS AS SPECIFIED BY THE DONORS. TEMPORARILY RESTRICTED NET ASSETS ARE FUNDS RESTRICTED FOR SPECIFIED ULI PROGRAMS. THE ENDOWMENT FUND PRESENTATION HAS BEEN REVISED TO BE CONSISTENT WITH THE AUDITED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITY REVENUE INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENT 1,785,252. GAIN ON LEASE TERMINATION 2,124,690. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON FOREIGN CURRENCY TRANSLATION 317,601. RELATED ENTITY EXPENSES INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENT 859,631. 1 EAST ASIA AND THE PACIFIC 0 0 INVESTMENT IN SUBSIDIARY ORGANIZATIONS 1166183 EAST ASIA AND THE PACIFIC 2 26 PROGRAM SERVICES SEE PART V FOR DESCRIPTION OF ACTIVITIES IN THE REGION 5481990 EUROPE (INCLUDING ICELAND & GREENLAND) 2 58 PROGRAM SERVICES SEE PART V FOR DESCRIPTION OF ACTIVITIES IN THE REGION 7723303 NORTH AMERICA (CANADA AND MEXICO) 1 8 PROGRAM SERVICES SEE PART V FOR DESCRIPTION OF ACTIVITIES IN THE REGION 1769306 5 92 0 0 5 92 16140782 0 16140782 0 0 0 0 0 0 SCHEDULE F, PART I, LINE 3(E), DESCRIPTIONS OF ACTIVITIES IN ASIA: THIS REGION IS INVOLVED WITH MANY OF THE SAME PROGRAM AREAS AS EUROPE. THE FOLLOWING THEREFORE IS A JUST A LISTING OF THE PROGRAM HIGHLIGHTS AS IT RELATES TO EACH OF THOSE AREAS: AS OF JUNE 30, 2025, ULI ASIA PACIFIC HAD NATIONAL COUNCILS IN 10 COUNTRIES WITH A MEMBERSHIP TOTALING 2,902. IT PUBLISHED JOINTLY WITH PRICEWATERHOUSE COOPERS AN EMERGING TRENDS IN REAL ESTATE ASIA PACIFIC STUDY WHICH PROVIDES AN OUTLOOK ON ASIA PACIFIC REAL ESTATE INVESTMENT AND DEVELOPMENT TRENDS, REAL ESTATE FINANCE AND CAPITAL MARKETS, TRENDS BY PROPERTY SECTOR AND METROPOLITAN AREA, AND OTHER REAL ESTATE ISSUES PERTINENT TO THE COUNTRIES IN ASIA. IT HELD ITS ANNUAL ASIA PACIFIC SUMMIT IN HONG KONG. SCHEDULE F, PART I, LINE 3(E), DESCRIPTIONS OF ACTIVITIES IN EUROPE: MEMBERSHIP: MEMBERSHIP IN ULI EMEA PROVIDES AN OPEN EXCHANGE OF IDEAS, NETWORKING OPPORTUNITIES, AND THE ABILITY TO WORK WITH THE LEADERS OF THE LAND USE INDUSTRY. EUROPEAN MEMBERS INCLUDE DEVELOPERS, BUILDERS, ENGINEERS, ATTORNEYS, PLANNERS, INVESTORS, FINANCIAL ADVISORS, ACADEMICS, ARCHITECTS, AND PUBLIC OFFICIALS. MEMBERS HAVE ACCESS TO OBJECTIVE INFORMATION AND THE EXPERIENCE OF THOSE ACTIVE IN EVERY DISCIPLINE OF REAL ESTATE DEVELOPMENT, INVESTMENT, AND REGULATION. AS OF JUNE 30, 2025, ULI HAD 5,404 MEMBERS IN EUROPE. NATIONAL COUNCILS: THE PURPOSE OF THE NATIONAL COUNCIL PROGRAM IS TO PROVIDE ULI'S PRESENCE AT THE LOCAL LEVEL THROUGH THE DEVELOPMENT AND PRESENTATION OF PROGRAMS OF WORK THAT ADDRESS LOCAL REAL ESTATE AND URBAN PLANNING ISSUES. THE ACTIVITIES RECORDED HERE REPRESENT THE ACTIVITIES PERFORMED DIRECTLY BY THE NATIONAL COUNCILS. ULI HAS 15 NATIONAL COUNCILS IN EUROPE. PRODUCT COUNCILS: ULI PRODUCT COUNCILS PROVIDE A FORUM FOR INFORMATION EXCHANGE ON THE STATE-OF-THE-ART PRACTICES OF A VARIETY OF DEVELOPMENT SECTORS. FULL MEMBERS ARE ELIGIBLE TO SERVE ON THESE COUNCILS. MEETINGS/CONFERENCES: THIS PROGRAM FOCUSES ON DEVELOPMENT TOPICS OF IMMEDIATE INTEREST INCLUDING THE EUROPEAN ANNUAL CONFERENCE, WHICH WAS HELD IN LONDON, AN ANNUAL LEADERSHIP RETREAT, AND ONE TOPICAL/TRENDS CONFERENCES. PUBLISHING: THE PUBLISHING INITIATIVE PRODUCES AN ANNUAL EMERGING TRENDS IN REAL ESTATE EUROPE REPORT. THIS REPORT IS JOINTLY PUBLISHED BY ULI AND PRICEWATERHOUSECOOPERS AND IS BASED ON SURVEYS AND INTERVIEWS WITH APPROXIMATELY 600 INDUSTRY EXPERTS AND COVERS 27 MARKETS THROUGHOUT EUROPE. THE REPORT CONTAINS PREDICTIONS FOR INDIVIDUAL PROPERTY SECTORS AS WELL AS MARKETS, ALONG WITH INSIGHTS REGARDING REAL ESTATE CAPITAL MARKETS AND THE ECONOMY IN GENERAL. ADVISORY SERVICES: ULI PROVIDES TECHNICAL EXPERTISE OF ITS MEMBERS TO CITIES, PRIVATE DEVELOPERS, AND OTHER ORGANIZATIONS THAT NEED OBJECTIVE ANALYSIS AND ADVICE ON HOW TO SOLVE DIFFICULT LAND USE, DEVELOPMENT, AND REDEVELOPMENT PROBLEMS. DEVELOPMENT: THIS DEPARTMENT HAS THE RESPONSIBILITY OF RAISING THE SPONSORSHIP FUNDS FOR ALL EUROPE'S CONFERENCES/PROGRAMS. CONTENT FOCUS: ULI'S EUROPEAN RESEARCH CENTER OVERSEES STRATEGY AND DELIVERY FOR BROAD RANGE OF TOPICS. SCHEDULE F, PART I, LINE 3(E), DESCRIPTIONS OF ACTIVITIES IN NORTH AMERICA: ULI'S PRESENCE IN NORTH AMERICA CONSISTS OF DISTRICT COUNCILS IN ALBERTA, BRITISH COLUMBIA, TORONTO AND MEXICO CITY. THESE DISTRICT COUNCILS ENGAGE IN ACTIVITIES SIMILAR TO THOSE IN EUROPE AND ASIA TAILORED TO THEIR LOCAL MARKETS AND INTERESTS OF LOCAL MEMBERS. 1 THE ULI FOUNDATION 2001 L STREET NW SUITE 200 WASHINGTON DC 20036 237133957 501(C)(3) 1423698 0 CONTRIBUTION BOYS AND GIRLS CLUB OF GREATER DALLAS 4816 WORTH STREET DALLAS TX 75246 751152657 501(C)(3) 26250 0 CONTRIBUTION BOYS & GIRLS CLUBS OF GREATER TARRANT COUNTY 3218 E BELKNAP STREET FORT WORTH TX 76111 750808785 501(C)(3) 20700 0 CONTRIBUTION TEXAS A&M FOUNDATION 401 GEORGE BUSH DRIVE COLLEGE STATION TX 77840 742245072 501(C)(3) 10000 0 CONTRIBUTION UNIVERSITY OF HOUSTON 4800 CALHOUN ROAD HOUSTON TX 77204 746001399 501(C)(3) 10000 0 CONTRIBUTION 5 0 ULI PRIZE FOR VISIONARIES 2 106437 0 HINES COMPETITION 48 88909 0 COMMUNITY OUTREACH 31 26887 0 URBAN PLAN 35 24930 0 IMPACT AWARDS 2 10303 0 REDI 8 6053 0 BUILDING HEALTHY PLACES 1 4408 0 UNIVERSITY CONNECTIONS 8 3511 0 AWARDS FOR EXCELLENCE 2 2623 0 APGAR 1 1500 0 WLI 1 491 0 EXCELLENCE IN DEVELOPMENT 1 481 0 YOUNG LEADERS 1 138 0 ULI NEXT 1 99 0 PART I, LINE 2: MOST OF THE FUNDING PROVIDED TO INDIVIDUALS AND ORGANIZATIONS ARE AWARDS FOR PARTICIPATION IN ULI'S AWARD PROGRAMS (MOST NOTABLY THE ULI PRIZE FOR VISIONARIES IN URBAN DEVELOPMENT AND THE GERALD D. HINES STUDENT URBAN DESIGN COMPETITION). X X X X 1 0 0 0 0 0 0 1 0 LEO GONZALEZ CHIEF FINANCIAL OFFICER 545277 0 104354 0 966 0 5864 0 22643 0 679104 0 0 0 MARY BETH CORRIGAN PRESIDENT AMERICAS 427889 0 82611 0 2772 0 0 0 25475 0 538747 0 0 0 ALAN BEEBE PRESIDENT ASIA 397019 0 70761 0 0 0 2304 0 0 0 470084 0 0 0 WILLIAM GRAYSON CHIEF INITIATIVE OFFICER(THRU 11/24) 348531 0 63231 0 42120 0 1076 0 358 0 455316 0 0 0 LISETTE VAN DOORN CEO EUROPE 318197 0 62324 0 0 0 32960 0 23803 0 437284 0 0 0 LESLIE NAGAO CHIEF MARKETING OFFICER (THRU 11/24) 303571 0 57094 0 892 0 1528 0 0 0 363085 0 0 0 GEORGE DANILOVICS CHIEF INFORMATION OFFICER 251053 0 38798 0 654 0 1424 0 19099 0 311028 0 0 0 WENDY RICHARDS CHIEF PEOPLE OFFICER (THRU 10/24) 252446 0 54138 0 509 0 3367 0 0 0 310460 0 0 0 FELIX CIAMPA EXECUTIVE DIRECTOR 254906 0 25812 0 1876 0 2462 0 24398 0 309454 0 0 0 JILL LUCKEN EVP DISTRICT COUNCILS (THRU 12/24) 245219 0 34355 0 654 0 11377 0 15627 0 307232 0 0 0 MATT KONETSCHNI SVP MEETINGS & EVENTS 241815 0 23556 0 1003 0 6916 0 20051 0 293341 0 0 0 ERIN SLONEKER SVP CORPORATE PARTNERSHIPS 238874 0 21507 0 436 0 13183 0 10264 0 284264 0 0 0 STEVE SLEPIAN SVP FINANCE 225973 0 21188 0 8985 0 3102 0 5052 0 264300 0 0 0 RACHEL MACCLEERY EXECUTIVE DIRECTOR 218917 0 21178 0 1003 0 5665 0 17095 0 263858 0 0 0 DEVAN ANDRZEJEWSKI SVP MARKETING 223104 0 21855 0 436 0 0 0 18392 0 263787 0 0 0 ANGELA CAIN GLOBAL CEO (BEG. 9/24) 222494 0 0 0 297 0 1082 0 4946 0 228819 0 0 0 PART I, LINE 4A EMPLOYEES LISTED BELOW RECEIVED A SEVERANCE PAYMENT DURING THE CALENDAR YEAR 2024. THESE ARE REPORTED IN SCHEUDLE J, PART II, COLUMN B(III). - WILLIAM GRAYSON $41,539 PART I, LINE 7 BONUSES ARE DISCRETIONARY AND ARE BASED UPON PERFORMANCE CRITERIA ESTABLISHED BY THE INDIVIDUAL'S SUPERVISOR WHICH IS THEN EVALUATED BY THAT SUPERVISOR AT THE END OF THE FISCAL YEAR. THE SUPERVISOR RECOMMENDS THE INDIVIDUAL'S BONUS WHICH IS SUBJECT TO FINAL APPROVAL BY THE CEO. IN THE CASE OF THE CEO, THE PERFORMANCE CRITERIA IS ESTABLISHED BY THE CHAIRMAN AND EVALUATED BY THE ULI COMPENSATION COMMITTEE. IN THE CASE OF THE CFO, ULIF PRESIDENT, PRESIDENT AMERICAS, CHIEF EXECUTIVE EMEA, CHIEF EXECUTIVE ASIA, AND CMO (CHIEF MARKETING OFFICER) THE CRITERIA IS ESTABLISHED BY THE CEO AND EVALUATED BY THEM IN CONJUNCTION WITH THE ULI COMPENSATION COMMITTEE. THE % OF BASE COMPENSATION AN INDIVIDUAL IS ELIGIBLE (BUT NOT GUARANTEED) TO RECEIVE IS BASED UPON THEIR POSITION (VP AND ABOVE), OR THEIR EMPLOYMENT CONTRACT IF THEY HAVE ONE (I.E., CEO, CFO AND EXECUTIVE OFFICER). THE COMPENSATION INFORMATION SHOWN IN PART VII OF THE FORM 990, AS WELL AS SCHEDULE J, IS PRESENTED ON A CALENDAR YEAR BASIS IN ACCORDANCE WITH IRS FORM 990 FILING INSTRUCTIONS. FORM 990, PAGE 1, PART I, LINE 6, NUMBER OF VOLUNTEERS: WE INCLUDE ALL TRUSTEES, MEMBERS ON THE ESTABLISHED COMMITTEES AND ADVISORY GROUPS, AND ESTIMATE A CERTAIN NUMBER OF VOLUNTEERS FOR EACH DISTRICT COUNCIL AND FOR EACH ADVISORY SERVICE PANEL THAT IS PROVIDED. FORM 990, PART VI, SECTION A, LINE 6 ULI MEMBERS INCLUDE DEVELOPERS, ARCHITECTS, PUBLIC OFFICIALS, PLANNERS, REAL ESTATE BROKERS, APPRAISERS, ACCOUNTANTS, ATTORNEYS, ENGINEERS, FINANCIERS, ACADEMICS, AND STUDENTS. THE MEMBERS ELECT THE GLOBAL GOVERNING TRUSTEES WHO REPRESENT THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE GLOBAL GOVERNING TRUSTEES (WHO ALSO SERVE AS THE MEMBERS OF ULIF). THE GLOBAL GOVERNING TRUSTEES ELECT THE ULI CHAIRMAN, THE ULIF CHAIRMAN, THE ULI GLOBAL BOARD OF DIRECTORS, THE ULIF BOARD OF DIRECTORS AND ULI LIFE TRUSTEES. THE ULI GLOBAL BOARD OF DIRECTORS APPOINTS/APPROVES THE ULI EUROPE CHAIRMAN, THE ULI ASIA CHAIRMAN, AND THE ULI AMERICAS CHAIRMAN. FORM 990, PART VI, SECTION A, LINE 7B THE GLOBAL BOARD OF DIRECTORS IS ULI'S GOVERNING BODY. THE FOLLOWING ARE ACTION ITEMS THEY MUST BRING TO THE GLOBAL GOVERNING TRUSTEES (WHO REPRESENT THE MEMBERS) FOR APPROVAL: AMENDMENTS TO THE ARTICLES OF INCORPORATION; AMENDMENTS TO THE BYLAWS, ADOPTING A PLAN OR MERGER OR CONSOLIDATION WITH ANOTHER CORPORATION, AUTHORIZING THE VOLUNTARY DISSOLUTION OF THE ORGANIZATION OR REVOKING PROCEEDINGS THEREFORE, AUTHORIZING THE SALE, LEASE, EXCHANGE OR MORTGAGE OF ALL OR SUBSTANTIALLY ALL OF THE PROPERTY AND ASSETS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B PROCESS FOR MAKING THE FINAL 990 AVAILABLE TO THE VOTING MEMBERS OF THE GOVERNING BODY PRIOR TO ITS BEING FILED WITH THE IRS. - INDEPENDENT AUDITORS REVIEW THE 990 WITH THE AUDIT COMMITTEE - THE FINAL 990 IS POSTED TO A SECURE AREA OF THE ULI WEBSITE. - NOTICE OF THE LOCATION OF THE FORM 990 IS EMAILED TO EACH BOARD MEMBER WITH THE COMMUNICATION THAT THEY HAVE TWO WEEKS IN WHICH TO REVIEW AND PROVIDE ANY COMMENTS TO ULI MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS THE MEMBERS OF THE BOARD OF DIRECTORS ARE SENT A COMMUNICATION REQUESTING THAT THEY IDENTIFY ANY RELATIONSHIPS DEFINED AS A CONFLICT. RESPONSES ARE SUBMITTED TO THE OFFICE OF THE EVP GLOBAL LEADERS. ULI OFFICERS, TRUSTEES AND STAFF MUST ENSURE THAT THEIR ACTIONS ARE NOT AFFECTED BY CONFLICTS OF INTEREST, INCLUDING BUT NOT NECESSARILY LIMITED TO: (1) INTEREST IN BUSINESSES OUTSIDE OF ULI, (2) THE RECEIPT OR GIVING OF GIFTS, AND (3) HOSPITALITY. WHEN AN OFFICER OR TRUSTEE IS QUALIFIED TO PERFORM WORK FOR ULI, THE INSTITUTE MAY CONTRACT WITH THEM FOR A DEFINED PROJECT. THEY WILL CHARGE ULI THEIR STANDARD (OR DISCOUNTED) RATES OR FEES; UNDER NO CIRCUMSTANCE WILL A HIGHER RATE OR FEE BE CONSIDERED. WHEN THE CONTRACT IS FOR $10,000 OR MORE, THE WORK WILL BE REPORTED TO THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 ULI RETAINS AN INDEPENDENT, OUTSIDE COMPENSATION CONSULTANT TO REVIEW THE COMPENSATION FOR ITS KEY EXECUTIVES. AS PART OF THIS PROCESS, THE CONSULTANT IDENTIFIES COMPARABLE ORGANIZATIONS AND OBTAINS THE MOST CURRENT COMPENSATION DATA AVAILABLE FOR THEM. THE CONSULTANT SUBSEQUENTLY PREPARES A DETAILED WRITTEN REPORT THAT COMPARES ULI'S CURRENT EXECUTIVE COMPENSATION AGAINST SIMILAR POSITIONS IN LIKE ORGANIZATIONS. THE WRITTEN REPORT ALSO DESCRIBES THE STUDY METHODOLOGY AND STATES THE CONSULTANT'S OPINION REGARDING THE REASONABLENESS OF ULI'S EXECUTIVE COMPENSATION RELATIVE TO THE IDENTIFIED MARKET COMPARABLES. OUTSIDE COMPENSATION CONSULTANT REVIEW FOR EXECUTIVE LEVEL ROLES IS PERFORMED ANNUALLY AND WAS LAST DONE IN AUGUST 2023. THIS WAS CONDUCTED BY QUATT ASSOCIATES AND PRESENTED TO THE COMPENSATION COMMITTEE OF THE GLOBAL BOARD OF DIRECTORS. AN OUTSIDE COMPENSATION CONSULTANT REVIEW OF ALL EMPLOYEE POSITIONS WAS LAST DONE IN JUNE 2022. THIS OUTSIDE REVIEW IS NOT AN ANNUAL PROCESS, AND THE LAST INTERNAL ALL EMPLOYEE REVIEW WAS DONE IN JUNE 2024. FORM 990, PART VI, SECTION C, LINE 19 URBAN LAND INSTITUTE DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, NOR ITS FINANCIAL STATEMENTS (WHETHER OR NOT AUDITED) AVAILABLE TO THE GENERAL PUBLIC AS FEDERAL TAX LAW DOES NOT REQUIRE THAT SUCH DOCUMENTS BE MADE PUBLICLY AVAILABLE. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 14,015,175. MANAGEMENT AND GENERAL EXPENSES 2,280,922. FUNDRAISING EXPENSES 104,289. TOTAL EXPENSES 16,400,386. FORM 990, PART XI, LINE 9: UNREALIZED GAIN (LOSS) ON FOREIGN CURRENCY TRANSLATION -317,601. GAIN ON LEASE TERMINATION 2,124,690. ULI SERVICES LIMITED SUITE 3418 JARDINE HOUSE 1 CONNAU HONG KONG HK 981123263 CONSULTANCY SERVICES HK 0 338377 URBAN LAND INSTITUTE ULI EXHIBITION & CONSULTING (SHANGHAI) LTD ROOM 3663 TOWER II IFC NO 8 CENT PUDONG NEW DISTRICT SHANGHAI CH 981183457 EXHIBITION MANAGEMENT & CONSULTING CH 358479 1112351 ULI SERVICES LIMITED ULI JAPAN SERVICE ISH IKKO AKASAKA BUILDING 4F 4-8 AKASA TOKYO JA 981830752 MANAGEMENT SERVICES JA 613652 0 URBAN LAND INSTITUTE ULI FOUNDATION 2001 L STREET NW SUITE 200 WASHINGTON DC 20036 237133957 FUNDRAISING IN SUPPORT OF ULI RESEARCH AND EDUCATION DC 501(C)(3) LINE 7 URBAN LAND INSTITUTE 1 0 1 1 0 0 0 0 0 0 1 0 1 1 1 1 0 1 0 0 ULI FOUNDATION C 9320103 CASH