Totals
- Total revenue
- $3,590,590
- Total expenses
- $3,794,219
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $3,568,416
- Investment income
- $22,174
- Other revenue
- $0
- Total assets, end of year
- $13,627,839
- Total liabilities, end of year
- $311,661
- Net assets or fund balances, end of year
- $13,316,178
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
2a · Program service revenue: RENTAL INCOME
total $3,568,416 · related or exempt $3,568,416
-
3 · Investment income
total $22,174 · excluded $22,174
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $7,450
-
11g · Fees: other
total $692
-
13 · Office expenses
total $3,712
-
14 · Information technology
total $252
-
16 · Occupancy
total $2,975,361
-
17 · Travel
total $5,993
-
22 · Depreciation, depletion and amortization
total $607,142
-
23 · Insurance
total $160,204
-
24a · Other expenses: OTHER SUPPLIES
total $27,239
-
24b · Other expenses: TAXES & LICENSES
total $3,578
-
24c · Other expenses: DUES & SUBSCRIPTIONS
total $2,020
-
24d · Other expenses: AUDIO VISUAL EQUIPMENT
total $576
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $460,097 · end of year $990,999
-
2 · Savings and temporary cash investments
beginning of year $455,620 · end of year $477,794
-
4 · Accounts receivable
beginning of year $680,251 · end of year $64,970
-
9 · Prepaid expenses and deferred charges
end of year $172,728
-
10a · Land, buildings and equipment: cost or other basis
$25,855,014
-
10b · Land, buildings and equipment: accumulated depreciation
$17,121,575
-
10c · Land, buildings and equipment, net
beginning of year $9,021,906 · end of year $8,733,439
-
15 · Other assets
beginning of year $3,194,084 · end of year $3,187,909
-
17 · Accounts payable and accrued expenses
beginning of year $292,151 · end of year $311,661
-
27 · Net assets without donor restrictions
beginning of year $13,519,807 · end of year $13,316,178
Mission and programs · 2023
Mission
REAL PROPERTY HOLDING CORPORATION UNDER 501(C)(25) OF THE IRC.
-
REAL PROPERTY HOLDING CORPORATION UNDER 501(C)(25) OF THE IRC.
As filed on the 2023 return.
Listed in Part VII
-
John HunterJOHN HUNTER
CHIEF FINANCIAL OFFICER
- Total calculated
- $576,974
- From this org
- $0
- From related orgs
- $490,307
- Other
- $86,667
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $411,497 related
- Bonus
- $0 + $75,000 related
- Other
- $0 + $3,810 related
- Deferred
- $0 + $30,000 related
- Nontaxable benefits
- $0 + $56,667 related
- Filer's total
- $0 + $576,974 related
-
Michael L KlowdenMICHAEL L KLOWDEN
PRESIDENT
- Total calculated
- $492,360
- From this org
- $0
- From related orgs
- $421,462
- Other
- $70,898
- Hours/week
- 5.3 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $415,282 related
- Bonus
- $0
- Other
- $0 + $6,180 related
- Deferred
- $0 + $30,000 related
- Nontaxable benefits
- $0 + $40,898 related
- Filer's total
- $0 + $492,360 related
-
Richard SandlerRICHARD SANDLER
VICE PRES & SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Jeffrey GreenJEFFREY GREEN
VICE PRES & TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Ralph FinermanRALPH FINERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
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
The filer's explanations (Part III)
- PART I, LINE 3
- COMPENSATION PAID BY RELATED PARTY, MILKEN INSTITUTE TO MICHAEL KLOWDEN: THE CEO ANNUALLY PROVIDES THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS A DETAILED REPORT OF ALL COMPENSATION ADJUSTMENTS, INCLUDING ADJUSTMENTS FOR THE INSTITUTE'S OFFICERS AND SENIOR EMPLOYEES. DURING THEIR REVIEW, THE MEMBERS OF THE COMMITTEE INQUIRE ABOUT THE BASIS FOR ALL COMPENSATION DETERMINATIONS, INCLUDING INDIVIDUAL AND ENTERPRISE PERFORMANCE AND AVAILABLE COMPARABILITY DATA FOR SIMILARLY SITUATED NONPROFIT INSTITUTIONS. THE COMPENSATION COMMITTEE, EXCLUDING THE CEO, DISCUSSES AND APPROVES ANY ADJUSTMENTS TO THE CEO'S COMPENSATION.
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.
-
501(C)(3) · ECONOMIC RESEARCH · CA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443189349300829
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