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← BARON REAL ESTATE FOUNDATION INC

Form 990 for tax year 2024

Filed by BARON REAL ESTATE FOUNDATION INC.

Totals

Total revenue
$268,409
Total expenses
$273,789
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$268,409
Total assets, end of year
$7,200,000
Total liabilities, end of year
$7,148,445
Net assets or fund balances, end of year
$51,555
Program services expenses (Part IX)
$273,789
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$273,789

Program services were 100.0% 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.

  • 6a · Gross rents

    real property $268,409

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $268,409

  • 6d · Net rental income or loss

    total $268,409 · related or exempt $268,409

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $5,380 · program services $5,380

  • 20 · Interest

    total $268,409 · program services $268,409

Balance sheet

Part X, book values.

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

    $7,200,000

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $7,200,000 · end of year $7,200,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $211,509 · end of year $313,436

  • 23 · Secured mortgages and notes payable

    beginning of year $6,931,556 · end of year $6,835,009

  • 27 · Net assets without donor restrictions

    beginning of year $56,935 · end of year $51,555

Mission and programs · 2024

Mission

THE BARON REAL ESTATE FOUNDATION, INC., IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES AND/OR ACTIVITIES OF BREWTON-PARKER COLLEGE, INC., A GEORGIA NONPROFIT CORPORATION.

  • THE BARON REAL ESTATE FOUNDATION, INC. SUPPORTS BREWTON-PARKER COLLEGE WITH THE ACQUISITION AND CONSTRUCTION OF COLLEGE BUILDINGS BY OBTAINING LOANS FROM THE U.S. DEPARTMENT OF AGRICULTURE. THE BUILDINGS WILL THEN BE LEASED BACK TO THE COLLEGE FOR USE IN PROVIDING PROGRAMS AND SERVICES TO STUDENTS ATTENDING BREWTON-PARKER COLLEGE.

    Expenses $273,789 · Revenue $268,409

As filed on the 2024 return.

Listed in Part VII

  • DR STEVEN ECHOLS

    PRESIDENT

    Total calculated
    $259,589
    From this org
    $0
    From related orgs
    $205,811
    Other
    $53,778
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $204,811 related
    Bonus
    $0 + $1,000 related
    Other
    $0
    Deferred
    $0 + $43,193 related
    Nontaxable benefits
    $0 + $10,585 related
    Filer's total
    $0 + $259,589 related

  • DR NICOLE SHEPARD

    TREASURER

    Total calculated
    $147,992
    From this org
    $0
    From related orgs
    $125,950
    Other
    $22,042
    Hours/week
    1 + 40 related

  • MR BRANDON BRADDY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR JONATHAN HARDEMAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • REV THOMAS HAMMOND

    TRUSTEE

    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

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
2024
Filed
29 April 2026
IRS schema version
2024v5.5
Source object
202601199349302500

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