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Nonprofiteer
← EAST CAROLINA UNIVERSITY REAL ESTATE FOUNDATION INC

Form 990 for tax year 2023

Filed by EAST CAROLINA UNIVERSITY REAL ESTATE FOUNDATION INC.

Totals

Total revenue
-$1,495,542
Total expenses
$390,485
Contributions and grants received
$0
Grants paid
$384,892
Program service revenue
$0
Investment income
-$1,587,110
Other revenue
$91,568
Total assets, end of year
$2,273,244
Total liabilities, end of year
$294,141
Net assets or fund balances, end of year
$1,979,103
Program services expenses (Part IX)
$384,892
Management and general expenses
$5,593
Fundraising expenses
$0
Program service expenses (Part III)
$384,892

Program services were 98.6% 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.

  • 3 · Investment income

    total $5,051 · excluded $5,051

  • 6a · Gross rents

    real property $304,774

  • 6b · Less rental expenses

    real property $213,206

  • 6c · Rental income or loss

    real property $91,568

  • 6d · Net rental income or loss

    total $91,568 · excluded $91,568

  • 7a · Gross sales of assets other than inventory

    other assets $1,244,203

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

    other assets $2,836,364

  • 7c · Gain or loss

    other assets -$1,592,161

  • 7d · Net gain or loss

    total -$1,592,161 · excluded -$1,592,161

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $384,892 · program services $384,892

  • 11c · Fees: accounting

    total $1,600 · management and general $1,600

  • 23 · Insurance

    total $3,993 · management and general $3,993

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $252,241 · end of year $465,012

  • 4 · Accounts receivable

    beginning of year $678,950 · end of year $232,778

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,268 · end of year $970

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

    $1,487,634

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $3,165,441 · end of year $1,487,634

  • 15 · Other assets

    beginning of year $1,276,529 · end of year $86,850

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,167 · end of year $6,947

  • 23 · Secured mortgages and notes payable

    beginning of year $1,232,958 · end of year $0

  • 25 · Other liabilities

    beginning of year $410,092 · end of year $287,194

  • 27 · Net assets without donor restrictions

    beginning of year $2,627,348 · end of year $750,715

  • 28 · Net assets with donor restrictions

    beginning of year $1,106,864 · end of year $1,228,388

Mission and programs · 2023

Mission

THE MISSION OF THE EAST CAROLINA UNIVERSITY REAL ESTATE FOUNDATION IS TO OWN, MANAGE, LEASE, AND SELL REAL ESTATE PROPERTY EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES FOR THE BENEFIT OF EAST CAROLINA UNIVERSITY AND EAST CAROLINA UNIVERSITY FOUNDATION, INC.

  • THE ECU REAL ESTATE FOUNDATION OWNS, MANAGES, LEASES, AND SELLS REAL ESTATE PROPERTY EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES FOR THE BENEFIT OF EAST CAROLINA UNIVERSITY AND EAST CAROLINA UNIVERSITY FOUNDATION, INC.

    Expenses $384,892 · Grants $384,892

As filed on the 2023 return.

Listed in Part VII

  • Christopher Dyba

    PRESIDENT

    Total calculated
    $428,481
    From this org
    $0
    From related orgs
    $331,328
    Other
    $97,153
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $321,537 related
    Bonus
    $0
    Other
    $0 + $9,791 related
    Deferred
    $0 + $81,696 related
    Nontaxable benefits
    $0 + $15,457 related
    Filer's total
    $0 + $428,481 related

  • Stephanie Coleman

    TREASURER

    Total calculated
    $382,398
    From this org
    $0
    From related orgs
    $294,318
    Other
    $88,080
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $293,598 related
    Bonus
    $0
    Other
    $0 + $720 related
    Deferred
    $0 + $74,350 related
    Nontaxable benefits
    $0 + $13,730 related
    Filer's total
    $0 + $382,398 related

  • Steve R Jones

    CHAIR (JULY-MARCH)

    Total calculated
    $0
    Hours/week
    1

  • Scott Diggs

    VICE CHAIR/CHAIR (MARCH-JUNE)

    Total calculated
    $0
    Hours/week
    1

  • Julian W Rawl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Philip Rogers

    DIRECTOR

    Total calculated
    $659,657
    From this org
    $0
    From related orgs
    $500,207
    Other
    $159,450
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $421,724 related
    Bonus
    $0 + $65,350 related
    Other
    $0 + $13,133 related
    Deferred
    $0 + $45,945 related
    Nontaxable benefits
    $0 + $113,505 related
    Filer's total
    $0 + $659,657 related

  • Bill Bogey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matthew H Slate

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vonta Leach

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jessica Gorall

    DIRECTOR/VICE CHAIR (MARCH-JUNE)

    Total calculated
    $0
    Hours/week
    1

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)

COMPENSATION FROM RELATED ORGANIZATIONS
EAST CAROLINA UNIVERSITY PROVIDES COMPENSATION FOR ITS EMPLOYEES WHO SERVE THE EAST CAROLINA UNIVERSITY REAL ESTATE FOUNDATION, INC. THE UNIVERSITY'S HUMAN RESOURCES DEPARTMENT MANAGES THE COMPENSATION DETERMINATION PROCESS.

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.

Related corporations and trusts

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

  • CHARITABLE REMAINDER UNITRUST

    T · TRUST · NC

    Directly controlled by ECU REAL ESTATE FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
9 May 2025
IRS schema version
2023v6.0
Source object
202531339349303323

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