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Nonprofiteer
← AVE MARIA UNIVERSITY LAND TRUST INC

Form 990 for tax year 2023

Filed by AVE MARIA UNIVERSITY LAND TRUST INC.

Totals

Total revenue
$3,078,085
Total expenses
$6,679,636
Contributions and grants received
$0
Grants paid
$6,679,636
Program service revenue
$0
Investment income
$3,078,085
Other revenue
$0
Total assets, end of year
$36,869,687
Total liabilities, end of year
$1,988,599
Net assets or fund balances, end of year
$34,881,088
Program services expenses (Part IX)
$6,679,636
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$6,679,636

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • GEORGE FORREST III

    TREASURER/DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • EUGENE MUNIN

    PRESIDENT/DIRECTOR

    Total calculated
    $199,883
    From this org
    $0
    From related orgs
    $199,883
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $198,674 related
    Bonus
    $0
    Other
    $0 + $1,209 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $199,883 related
  • ROGER NUTT

    SECRETARY/DIRECTOR

    Total calculated
    $265,027
    From this org
    $0
    From related orgs
    $265,027
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $235,980 related
    Bonus
    $0
    Other
    $0 + $29,047 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $265,027 related
  • PAUL HUSAK

    DIRECTOR

    Total calculated
    $379,081
    From this org
    $0
    From related orgs
    $379,081
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $300,606 related
    Bonus
    $0 + $50,000 related
    Other
    $0 + $28,475 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $379,081 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202541349349304154

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