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Nonprofiteer
← UGA REAL ESTATE FOUNDATION INC

Form 990 for tax year 2022

Filed by UGA REAL ESTATE FOUNDATION INC.

Totals

Total revenue
$16,057,330
Total expenses
$13,369,967
Contributions and grants received
$0
Grants paid
$0
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$13,020,131
Management and general expenses
$349,836
Fundraising expenses
$0
Program service expenses (Part III)
$13,020,131

Program services were 97.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Henry Munneke

    Secretary

    Total calculated
    $393,943
    From this org
    $0
    From related orgs
    $335,028
    Other
    $58,915
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $320,211 related
    Bonus
    $0
    Other
    $0 + $14,817 related
    Deferred
    $0 + $31,605 related
    Nontaxable benefits
    $0 + $27,310 related
    Filer's total
    $0 + $393,943 related

  • John Rooker

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Ryan Nesbit

    Chairman

    Total calculated
    $443,962
    From this org
    $0
    From related orgs
    $345,231
    Other
    $98,731
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $337,231 related
    Bonus
    $0
    Other
    $0 + $8,000 related
    Deferred
    $0 + $70,404 related
    Nontaxable benefits
    $0 + $28,327 related
    Filer's total
    $0 + $443,962 related

  • Greg Guyer

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jack Hu

    Ex-Officio Trustee

    Total calculated
    $554,470
    From this org
    $0
    From related orgs
    $505,098
    Other
    $49,372
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $505,098 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $28,182 related
    Nontaxable benefits
    $0 + $21,190 related
    Filer's total
    $0 + $554,470 related

  • Jere Morehead

    Ex-Officio Trustee

    Total calculated
    $957,171
    From this org
    $0
    From related orgs
    $690,558
    Other
    $266,613
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $663,558 related
    Bonus
    $0
    Other
    $0 + $27,000 related
    Deferred
    $0 + $258,058 related
    Nontaxable benefits
    $0 + $8,555 related
    Filer's total
    $0 + $957,171 related

  • Karen Burg

    Trustee

    Total calculated
    $406,575
    From this org
    $0
    From related orgs
    $367,683
    Other
    $38,892
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $346,083 related
    Bonus
    $0
    Other
    $0 + $21,600 related
    Deferred
    $0 + $28,182 related
    Nontaxable benefits
    $0 + $10,710 related
    Filer's total
    $0 + $406,575 related

  • Kirby Alton

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Marcus Thornton

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Paige Collier

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Eric Orbock

    Executive Director

    Total calculated
    $294,780
    From this org
    $0
    From related orgs
    $220,258
    Other
    $74,522
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $220,012 related
    Bonus
    $0
    Other
    $0 + $246 related
    Deferred
    $0 + $45,433 related
    Nontaxable benefits
    $0 + $29,089 related
    Filer's total
    $0 + $294,780 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

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 $221,074 paid by the University of Georgia during 2022 as part of a supplemental nonqualified retirement plan for Jere W. Morehead. For fiscal year 2023, the University System of Georgia Board of Regents approved an annualized $225,074 contribution made by the University of Georgia on behalf of Jere W. Morehead to an approved deferred compensation plan per Board of Regents' policy.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • UGAREF Bolton Commons LLC

    Manage Real Estate · GA · income $1,102,436 · assets $18,527,826

    Directly controlled by UGA Real Estate Foundation Inc

  • UGAREF CCRC Building LLC

    Manage Real Estate · GA · income $215 · assets $0

    Directly controlled by UGA Real Estate Foundation Inc

  • UGAREF Central Precinct LLC

    Manage Real Estate · GA · income $2,102,446 · assets $43,862,693

    Directly controlled by UGA Real Estate Foundation Inc

  • UGAREF Central Precinct Housing Phase I LLC

    Manage Real Estate · GA · income $1,726,259 · assets $43,524,008

    Directly controlled by UGA Real Estate Foundation Inc

  • UGAREF East Campus Housing LLC

    Manage Real Estate · GA · income $3,454,529 · assets $62,219,438

    Directly controlled by UGA Real Estate Foundation Inc

  • UGAREF East Campus Housing Phase II LLC

    Manage Real Estate · GA · income $2,136,148 · assets $39,358,324

    Directly controlled by UGA Real Estate Foundation Inc

  • UGAREF Fraternity Row House 1 LLC

    Manage Real Estate · GA · income $201,986 · assets $2,960,036

    Directly controlled by UGA Real Estate Foundation Inc

  • UGAREF Fraternity Row House 2 LLC

    Manage Real Estate · GA · income $201,979 · assets $2,958,672

    Directly controlled by UGA Real Estate Foundation Inc

  • UGAREF Fraternity Row House 3 LLC

    Manage Real Estate · GA · income $201,895 · assets $2,949,930

    Directly controlled by UGA Real Estate Foundation Inc

  • UGAREF Fraternity Row House 7 LLC

    Manage Real Estate · GA · income $137,010 · assets $1,956,686

    Directly controlled by UGA Real Estate Foundation Inc

  • UGAREF Fraternity Row LLC

    Manage Real Estate · GA · income $56 · assets $391

    Directly controlled by UGA Real Estate Foundation Inc

  • UGAREF Hardin Property LLC

    Manage Real Estate · GA · income $24 · assets $8,726,593

    Directly controlled by UGA Real Estate Foundation Inc

  • UGAREF Oconee Street LLC

    Manage Real Estate · GA · income $351,913 · assets $8,575,261

    Directly controlled by UGA Real Estate Foundation Inc

  • UGAREF PAC Parking Deck LLC

    Manage Real Estate · GA · income $672,048 · assets $13,610,975

    Directly controlled by UGA Real Estate Foundation Inc

  • UGAREF Rutherford Hall LLC

    Manage Real Estate · GA · income $3,903 · assets $771,747

    Directly controlled by UGA Real Estate Foundation Inc

  • UGAREF Spring Street LLC

    Manage Real Estate · GA · income $136,824 · assets $3,047,534

    Directly controlled by UGA Real Estate Foundation Inc

  • UGAREF Terry College Phase 1 LLC

    Manage Real Estate · GA · income $0 · assets $0

    Directly controlled by UGA Real Estate Foundation Inc

  • Athens Transportation Partners LLC

    Manage Real Estate · GA · income $593 · assets $11,041,150

    Directly controlled by UGA Real Estate Foundation Inc

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303199349305415

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