What the amendment changed
Compared with the return it replaced , filed 14 November 2023. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
Both are the same on the two returns, so the amendment changed something else.
Totals
- Total revenue
- $2,883,779
- Total expenses
- $119,286
- Contributions and grants received
- $2,649,800
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- -$43,088
- Other revenue
- $277,067
- Total assets, end of year
- $8,819,876
- Total liabilities, end of year
- $2,706,275
- Net assets or fund balances, end of year
- $6,113,601
- Program services expenses (Part IX)
- $96,680
- Management and general expenses
- $22,606
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $96,680
Program services were 81.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$2,649,800
-
1g · Noncash contributions included above
$2,649,800
-
3 · Investment income
total $8,177 · related or exempt $7,925 · excluded $252
-
6a · Gross rents
real property $225,911
-
6b · Less rental expenses
real property $168,254
-
6c · Rental income or loss
real property $57,657
-
6d · Net rental income or loss
total $57,657 · related or exempt $57,657
-
7a · Gross sales of assets other than inventory
other assets $556,775
-
7b · Less cost or other basis and sales expenses
other assets $608,040
-
7c · Gain or loss
other assets -$51,265
-
7d · Net gain or loss
total -$51,265 · related or exempt -$51,265
-
11a · Other revenue: CHANGE IN VALUE OF SPLIT-INTE
total $219,377 · related or exempt $219,377
-
11b · Other revenue: MISCELLANEOUS
total $33 · related or exempt $33
-
11e · Other revenue, total
$219,410
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $14,172 · management and general $14,172
-
11c · Fees: accounting
total $6,800 · management and general $6,800
-
20 · Interest
total $96,680 · program services $96,680
-
24a · Other expenses: BANK FEES
total $1,553 · management and general $1,553
-
24b · Other expenses: OTHER MISCELLANEOUS EXPEN
total $81 · management and general $81
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $400,387 · end of year $303,979
-
7 · Other notes and loans receivable
beginning of year $228,542 · end of year $184,308
-
10a · Land, buildings and equipment: cost or other basis
$6,683,277
-
10b · Land, buildings and equipment: accumulated depreciation
$221,089
-
10c · Land, buildings and equipment, net
beginning of year $4,429,534 · end of year $6,462,188
-
15 · Other assets
beginning of year $1,227,851 · end of year $1,869,401
-
17 · Accounts payable and accrued expenses
beginning of year $1,070 · end of year $315
-
23 · Secured mortgages and notes payable
beginning of year $2,538,888 · end of year $2,379,240
-
25 · Other liabilities
beginning of year $397,246 · end of year $326,720
-
27 · Net assets without donor restrictions
beginning of year $1,849,110 · end of year $1,963,801
-
28 · Net assets with donor restrictions
beginning of year $1,500,000 · end of year $4,149,800
Mission and programs · 2022
Mission
CHARITABLE CIVIC-IMPROVEMENT CORPORATION ESTABLISHED FOR THE BENEFIT OF WESTERN KENTUCKY UNIVERSITY
Activities or mission (Part I)
THE WKU REAL ESTATE CORPORATION IS A CHARITABLE CIVIC-IMPROVEMENT CORPORATION ESTABLISHED FOR THE BENEFIT OF WESTERN KENTUCKY UNIVERSITY.
-
PROVIDED FUNDS FOR ENDOWED SCHOLARSHIPS TO THE WKU FOUNDATION AND FACILITATES WKU CAMPUS IMPROVEMENT AND REAL ESTATE ACQUISITION/CONSTRUCTION PROJECTS.
Expenses $96,680
As filed on the 2022 return.
Listed in Part VII
-
R Harvey Johnston IIIR HARVEY JOHNSTON III
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
James MartensJAMES MARTENS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jack SheidlerJACK SHEIDLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Donald SmithDONALD SMITH
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 December 2024
- IRS schema version
- 2022v5.0
- Source object
- 202413479349301241
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