Form 990 for tax year 2024
Filed by U T FOUNDATION REAL ESTATE CORP.
Totals
- Total revenue
- $22,110
- Total expenses
- $0
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $365
- Other revenue
- $21,745
- Total assets, end of year
- $6,930,243
- Total liabilities, end of year
- $12,809,415
- Net assets or fund balances, end of year
- -$5,879,172
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- 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.
-
3 · Investment income
total $365 · excluded $365
-
6a · Gross rents
real property $187,056
-
6b · Less rental expenses
real property $165,311
-
6c · Rental income or loss
real property $21,745
-
6d · Net rental income or loss
total $21,745 · excluded $21,745
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $70,292 · end of year $61,659
-
4 · Accounts receivable
end of year $4
-
9 · Prepaid expenses and deferred charges
beginning of year $71,792
-
10a · Land, buildings and equipment: cost or other basis
$7,168,188
-
10b · Land, buildings and equipment: accumulated depreciation
$299,608
-
10c · Land, buildings and equipment, net
beginning of year $6,045,210 · end of year $6,868,580
-
17 · Accounts payable and accrued expenses
beginning of year $51,767 · end of year $45,603
-
19 · Deferred revenue
beginning of year $30,723 · end of year $11,992
-
25 · Other liabilities
beginning of year $12,006,086 · end of year $12,751,820
-
27 · Net assets without donor restrictions
beginning of year -$5,901,282 · end of year -$5,879,172
Mission and programs · 2024
Mission
THE UNIVERSITY OF TOLEDO FOUNDATION REAL ESTATE CORPORATION ACQUIRES, HOLDS TITLE TO, AND COLLECTS INCOME FOR REAL PROPERTY FOR THE BENEFIT OF THE UNIVERSITY OF TOLEDO.
Activities or mission (Part I)
ACQUIRES AND HOLDS TITLE TO REAL PROPERTY FOR THE BENEFIT OF THE UNIVERSITY OF TOLEDO.
-
THE UNIVERSITY OF TOLEDO FOUNDATION REAL ESTATE CORP ACQUIRES AND HOLDS TITLE TO REAL PROPERTY FOR THE BENEFIT OF THE UNIVERSITY OF TOLEDO.
As filed on the 2024 return.
Listed in Part VII
-
Robin WhitneyROBIN WHITNEY
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Sheri BokrosSHERI BOKROS
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
George LathropGEORGE LATHROP
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Steven D ReinboltSTEVEN D REINBOLT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Matthew RubinMATTHEW RUBIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Tracy SallahTRACY SALLAH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brenda LeeBRENDA LEE
PRESIDENT AND CEO
- Total calculated
- $316,373
- From this org
- $0
- From related orgs
- $283,851
- Other
- $32,522
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- $0 + $255,615 related
- Bonus
- $0 + $25,000 related
- Other
- $0 + $3,236 related
- Deferred
- $0 + $19,957 related
- Nontaxable benefits
- $0 + $12,565 related
- Filer's total
- $0 + $316,373 related
-
Randy RothenbuhlerRANDY ROTHENBUHLER
CFO
- Total calculated
- $218,936
- From this org
- $0
- From related orgs
- $185,499
- Other
- $33,437
- Hours/week
- 5 + 35 related
Schedule J breakdown matched by us
- Base
- $0 + $184,180 related
- Bonus
- $0
- Other
- $0 + $1,319 related
- Deferred
- $0 + $13,309 related
- Nontaxable benefits
- $0 + $20,128 related
- Filer's total
- $0 + $218,936 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
The filer's explanations (Part III)
- PART I, LINE 3
- COMPENSATION FOR THE CEO AND CFO IS PROVIDED BY THE RELATED ORGANIZATION, THE UNIVERSITY OF TOLEDO FOUNDATION. THE REAL ESTATE CORP SHARES EMPLOYEES AS WELL AS THE HR FUNCTION. COMPENSATION IS DETERMINED BY THE PREVAILING MARKET RATE. METHODS USED TO ESTABLISH COMPENSATION INCLUDE INDEPENDENT COMPENSATION CONSULTANT,COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE OF THE RELATED ORGANIZATION.
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.
-
THE UNIVERSITY OF TOLEDO FOUNDATION
501(C)(3) · TO SUPPORT THE UNIVERSITY OF TOLEDO AND THE STUDENTS OF THE UNIVERSITY · OH
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 6 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202601279349302100
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