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Nonprofiteer
← GERMANNA COMMUNITY COLLEGE REAL ESTATE FOUNDATION

Form 990 for tax year 2022

Filed by GERMANNA COMMUNITY COLLEGE REAL ESTATE FOUNDATION.

Totals

Total revenue
$1,812,653
Total expenses
$238,722
Contributions and grants received
$1,688,579
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$124,074
Total assets, end of year
$15,342,168
Total liabilities, end of year
$10,857,920
Net assets or fund balances, end of year
$4,484,248
Program services expenses (Part IX)
$0
Management and general expenses
$238,722
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1d · Related organizations

    $1,688,579

  • 6a · Gross rents

    real property $124,074

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $124,074

  • 6d · Net rental income or loss

    total $124,074 · related or exempt $124,074

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $30,625 · management and general $30,625

  • 11g · Fees: other

    total $2,525 · management and general $2,525

  • 16 · Occupancy

    total $44,563 · management and general $44,563

  • 20 · Interest

    total $76,687 · management and general $76,687

  • 22 · Depreciation, depletion and amortization

    total $62,395 · management and general $62,395

  • 23 · Insurance

    total $6,901 · management and general $6,901

  • 24a · Other expenses: MISCELLANEOUS

    total $12,328 · management and general $12,328

  • 24b · Other expenses: TELEPHONE AND COMMUNICA

    total $1,564 · management and general $1,564

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $1,074 · management and general $1,074

  • 24d · Other expenses: LICENSE AND PERMITS

    total $60 · management and general $60

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $128,433

  • 3 · Pledges and grants receivable

    end of year $750,000

  • 4 · Accounts receivable

    beginning of year $50,089

  • 9 · Prepaid expenses and deferred charges

    end of year $43,314

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

    $14,482,816

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

    $62,395

  • 10c · Land, buildings and equipment, net

    beginning of year $2,860,228 · end of year $14,420,421

  • 17 · Accounts payable and accrued expenses

    end of year $181,105

  • 23 · Secured mortgages and notes payable

    end of year $9,775,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $901,815

  • 27 · Net assets without donor restrictions

    beginning of year $2,910,317 · end of year $4,484,248

Mission and programs · 2022

Mission

TO SUPPORT AND ENGAGE IN ACTIVITIES THAT SUPPORT THE PURPOSES OF GERMANNA 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 GERMANNA COMMUNITY COLLEGE EDUCATIONAL FOUNDATION.

Activities or mission (Part I)

TO PROVIDE SUPPORT FOR ALL OF GERMANNA COMMUNITY COLLEGE EDUCATIONAL FOUNDATION REAL ESTATE NEEDS

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

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JANET GULLICKSON

    SECRETARY

    Total calculated
    $235,391
    From this org
    $0
    From related orgs
    $235,391
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $235,391 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $235,391 related

  • RICHARD COLLAWN

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ED DALRYMPLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAUL JANNEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BENJAMIN KEDDIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TODD GILLINGHAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHARLES PAYNE

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JACK ROWLEY

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM THOMAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRUCE DAVIS

    SPECIAL ASSISTANT TO THE P

    Total calculated
    $124,434
    From this org
    $0
    From related orgs
    $124,434
    Other
    $0
    Hours/week
    6 + 34 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
2022
Filed
2 May 2023
IRS schema version
2022v5.0
Source object
202311239349300926

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