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← KSU CHARITABLE REAL ESTATE FOUNDATION

Form 990 for tax year 2024

Filed by KSU CHARITABLE REAL ESTATE FOUNDATION.

Totals

Total revenue
$168,395
Total expenses
$3,729,989
Contributions and grants received
$0
Grants paid
$1,854,888
Program service revenue
$41,707
Investment income
$368,328
Other revenue
-$241,640
Total assets, end of year
$102,538,915
Total liabilities, end of year
$31,088,210
Net assets or fund balances, end of year
$71,450,705
Program services expenses (Part IX)
$3,375,755
Management and general expenses
$354,234
Fundraising expenses
$0
Program service expenses (Part III)
$3,375,755

Program services were 90.5% 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.

  • 2a · Program service revenue: PROPERTY MANAGEMENT

    total $41,707 · related or exempt $41,707

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $489,019 · excluded $489,019

  • 5 · Royalties

    total $14,908 · excluded $14,908

  • 6a · Gross rents

    real property $408,499

  • 6b · Less rental expenses

    real property $960,520

  • 6c · Rental income or loss

    real property -$552,021 · personal property $0

  • 6d · Net rental income or loss

    total -$552,021 · unrelated business $22,776 · excluded -$574,797

  • 7a · Gross sales of assets other than inventory

    other assets $550,000

  • 7b · Less cost or other basis and sales expenses

    other assets $670,691

  • 7c · Gain or loss

    securities $0 · other assets -$120,691

  • 7d · Net gain or loss

    total -$120,691 · excluded -$120,691

  • 11a · Other revenue: AGRICULTURE INCOME

    total $295,473 · excluded $295,473

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $295,473

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,854,888 · program services $1,854,888

  • 11a · Fees: management

    total $265,358 · program services $110,566 · management and general $154,792

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $5,712 · program services $2,334 · management and general $3,378

  • 17 · Travel

    total $910 · program services $364 · management and general $546

  • 20 · Interest

    total $325,863 · program services $130,345 · management and general $195,518

  • 24a · Other expenses: DEBT FORGIVENESS

    total $1,277,258 · program services $1,277,258

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $372,059 · end of year $319,165

  • 2 · Savings and temporary cash investments

    beginning of year $1,365,026 · end of year $1,617,782

  • 4 · Accounts receivable

    beginning of year $9,568,297 · end of year $9,022,272

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $17,459,400 · end of year $7,085,400

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

    $74,737,430

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

    $37,902

  • 10c · Land, buildings and equipment, net

    beginning of year $72,564,337 · end of year $74,699,528

  • 12 · Investments: other securities

    beginning of year $9,112,900 · end of year $9,793,535

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $669 · end of year $1,233

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,993,946 · end of year $4,095,335

  • 20 · Tax-exempt bond liabilities

    beginning of year $9,623,279 · end of year $9,437,367

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $7,173,633 · end of year $7,085,400

  • 24 · Unsecured notes and loans payable

    beginning of year $18,426,601 · end of year $10,470,108

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $9,964,152 · end of year $6,921,553

  • 28 · Net assets with donor restrictions

    beginning of year $61,261,077 · end of year $64,529,152

Mission and programs · 2024

Mission

ACCEPTING, HOLDING, AND MANAGING REAL PROPERTY FOR KANSAS STATE UNIVERSITY FOUNDATION.

  • ACCEPTING, HOLDING, AND MANAGING REAL PROPERTY FOR KANSAS STATE UNIVERSITY FOUNDATION.

    Expenses $3,375,755 · Grants $1,854,888 · Revenue $41,707

As filed on the 2024 return.

Listed in Part VII

  • Steve Theede

    Vice Chair, Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • Tim Taylor

    Chair, Board of Directors

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Dave Everett

    Member, Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • Gabe Hernandez

    Member, Board of Directors

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kelly Lechtenberg

    Member, Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • Leanne Caret

    Member, Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • Mary Vanier

    Member, Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • Deborah Tuttle

    SECRETARY/TREASURER

    Total calculated
    $215,203
    From this org
    $0
    From related orgs
    $165,972
    Other
    $49,231
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $165,180 related
    Bonus
    $0
    Other
    $0 + $792 related
    Deferred
    $0 + $17,225 related
    Nontaxable benefits
    $0 + $32,006 related
    Filer's total
    $0 + $215,203 related

  • Greg Lohrentz

    PRESIDENT

    Total calculated
    $521,948
    From this org
    $0
    From related orgs
    $443,087
    Other
    $78,861
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $397,967 related
    Bonus
    $0 + $33,120 related
    Other
    $0 + $12,000 related
    Deferred
    $0 + $40,554 related
    Nontaxable benefits
    $0 + $38,307 related
    Filer's total
    $0 + $521,948 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

The filer's explanations (Part III)

Schedule J, Part II & FORM 990, PART VII
KANSAS STATE UNIVERSITY FOUNDATION USES A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATION, WRITTEN EMPLOYEMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE IN ESTABLISHING THE COMPENSATION OF THE CEO.

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • KSU REAL ESTATE FUND LLC

    HOLD REAL ESTATE · KS · income $465,042 · assets $25,036,882

    Directly controlled by KSU Real Estate Fdn

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUST (75)

    CHARITABLE TRUST · KS · controlled entity

    Directly controlled by NA

  • THE 1880 KIMBALL OFFICE CONDOMINIUM ASSOCIATION

    C Corporation · CONDOMINIUM ASSOCIATION · KS · controlled entity

    Directly controlled by NA

  • THE 1800 KIMBALL OFFICE CONDOMINIUM ASSOCIATION

    C Corporation · CONDOMINIUM ASSOCIATION · KS · controlled entity

    Directly controlled by NA

  • DUDREY CATTLE CO INC

    C Corporation · AGRICULTURE · KS · 100% owned · share of income $183,373 · share of assets $2,802,884 · controlled entity

    Directly controlled by KSU CREF

Provenance

Return type
form_990
Tax year
2024
Filed
26 January 2026
IRS schema version
2024v5.1
Source object
202630269349300123

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