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Nonprofiteer
← JSRCC REAL ESTATE FOUNDATION INC

Form 990 for tax year 2024

Filed by JSRCC REAL ESTATE FOUNDATION INC.

Totals

Total revenue
-$61,079
Total expenses
$257,180
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
-$61,079
Total assets, end of year
$12,891,511
Total liabilities, end of year
$9,322,065
Net assets or fund balances, end of year
$3,569,446
Program services expenses (Part IX)
$255,427
Management and general expenses
$1,753
Fundraising expenses
$0
Program service expenses (Part III)
$255,427

Program services were 99.3% 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.

  • 6a · Gross rents

    real property $562,183

  • 6b · Less rental expenses

    real property $623,262

  • 6c · Rental income or loss

    real property -$61,079

  • 6d · Net rental income or loss

    total -$61,079 · excluded -$61,079

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,500 · management and general $1,500

  • 22 · Depreciation, depletion and amortization

    total $255,427 · program services $255,427

  • 24a · Other expenses: BANK FEES

    total $253 · management and general $253

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $106,088 · end of year $117,333

  • 4 · Accounts receivable

    beginning of year $479,417 · end of year $528,796

  • 10a · Land, buildings and equipment: cost or other basis

    $5,031,250

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,281,954

  • 10c · Land, buildings and equipment, net

    beginning of year $4,004,724 · end of year $3,749,296

  • 15 · Other assets

    beginning of year $8,721,301 · end of year $8,496,086

  • 25 · Other liabilities

    beginning of year $9,423,825 · end of year $9,322,065

  • 27 · Net assets without donor restrictions

    beginning of year $3,887,705 · end of year $3,569,446

Mission and programs · 2024

Mission

TO SUPPORT AND ENGAGE IN ACTIVITIES THAT SUPPORT THE PURPOSES OF J. SARGEANT REYNOLDS COMMUNITY COLLEGE EDUCATIONAL FOUNDATION, INCLUDING RECEIVING, PURCHASING, OWNING, DEVELOPING, OPERATING, LEASING, SELLING OR OTHERWISE DEALING WITH ASPECTS OF REAL ESTATE AND ITS PROCEEDS THEREOF FOR THE BENEFIT OF J. SARGEANT REYNOLDS COMMUNITY COLLEGE EDUCATIONAL FOUNDATION.

  • SUPPORTING AND ENGAGING IN ACTIVITIES THAT SUPPORT THE PURPOSES OF J. SARGEANT REYNOLDS COMMUNITY COLLEGE EDUCATIONAL FOUNDATION.

    Expenses $255,427

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lea S Rasmussen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • J Sargeant Reynolds Jr

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 39 related

  • Andrew K Sledd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Neil S Kessler

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Robert E Comet Jr

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Mitchell Haddon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Amelia M Bradshaw

    ASSISTANT TREASURER

    Total calculated
    $168,243
    From this org
    $0
    From related orgs
    $168,243
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $168,243 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $168,243 related

  • Lindsay Lane Robinson

    EXECUTIVE DIRECTOR

    Total calculated
    $155,799
    From this org
    $0
    From related orgs
    $155,799
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,799 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $155,799 related

  • Paula P Pando

    EX-OFFICIO

    Total calculated
    $241,684
    From this org
    $0
    From related orgs
    $241,684
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $241,684 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $241,684 related

  • R Robert Benaicha

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202513219349318581

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