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← COLLEGE OF WILLIAM AND MARY REAL ESTATE FOUNDATION INC

Form 990 for tax year 2022

Filed by COLLEGE OF WILLIAM AND MARY REAL ESTATE FOUNDATION INC.

Totals

Total revenue
$211,928
Total expenses
$43,987
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$11,928
Investment income
$200,000
Other revenue
$0
Total assets, end of year
$3,643,763
Total liabilities, end of year
$1,512,480
Net assets or fund balances, end of year
$2,131,283
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

Listed in Part VII

  • AMY S SEBRING

    DIRECTOR/TREASURER (TERM ENDED 10/22)

    Total calculated
    $108,293
    From this org
    $0
    From related orgs
    $92,188
    Other
    $16,105
    Hours/week
    0.5 + 14.5 related

  • SEAN HUGHES

    DIRECTOR/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ANDREW W HORROCKS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • BRUCE G AIRD

    DIRECTOR (TERM BEGAN 05/23)

    Total calculated
    $0
    Hours/week
    2 + 48 related

  • CLIFFORD B FLEET III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • JODY W FORSYTH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • MATTHEW T LAMBERT

    DIRECTOR (TERM BEGAN 10/22, ENDED 05/23)

    Total calculated
    $254,073
    From this org
    $0
    From related orgs
    $219,040
    Other
    $35,033
    Hours/week
    0.5 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $217,584 related
    Bonus
    $0 + $750 related
    Other
    $0 + $706 related
    Deferred
    $0 + $16,945 related
    Nontaxable benefits
    $0 + $18,088 related
    Filer's total
    $0 + $254,073 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)

Schedule J, Part I, Line 3 ARRANGEMENT USED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION
WILLIAM & MARY (THE UNIVERSITY) IS THE COMMON PAYMASTER FOR EMPLOYEES OF WILLIAM & MARY FOUNDATION (THE FOUNDATION), THE CONTROLLING ORGANIZATION OF THE COLLEGE OF WILLIAM AND MARY REAL ESTATE FOUNDATION, INC. (THE ORGANIZATION). THE UNIVERSITY AND THE FOUNDATION ARE NOT RELATED ENTITIES AND THE FOUNDATION REIMBURSES THE UNIVERSITY FOR THE SALARY AND BENEFIT COSTS FOR FOUNDATION EMPLOYEES FOR SERVICES PERFORMED EXCLUSIVELY FOR THE FOUNDATION AND ITS CONTROLLED ORGANIZATIONS. COMPENSATION IS GENERALLY ESTABLISHED WITHIN THE GUIDELINES OF THE UNIVERSITY, INCLUDING COMPARABLE MARKET DATA AS APPROPRIATE.

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.

  • WILLIAM & MARY FOUNDATION

    501(c)(3) · ORGANIZATION OPERATED FOR THE BENEFIT OF THE COLLEGE OF WILLIAM & MARY · VA

    Directly controlled by NA

  • MURRAY 1693 SCHOLARS FOUNDATION

    501(c)(3) · SUPPORT OF WILLIAM & MARY 1693 SCHOLARS PROGRAM · VA

    Directly controlled by WILLIAM & MARY FOUNDATION

  • 1693 PARTNERS FUND

    501(c)(3) · INVESTMENT OF ENDOWMENT · VA

    Directly controlled by WILLIAM & MARY FOUNDATION

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.

Related corporations and trusts

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

  • RELIANCE HOLDINGS LLC

    C Corporation · HOLD MEMBERSHIP INTEREST IN NEW TOWN ASSOCIATES LLC · VA · 99% owned · share of income $583,168 · share of assets $89,966 · controlled entity

    Directly controlled by THE COLLEGE OF WILLIAM & MARY REAL ESTATE FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202421369349307862

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