University Of North Georgia Real Estate Foundation Inc is located in Dahlonega, GA. The organization was established in 2009. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, University Of North Georgia Real Estate Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of North Georgia Real Estate Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, University Of North Georgia Real Estate Foundation Inc generated $6.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $5.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ACQUIRE, LEASE, RECEIVE, ACCEPT, DEVELOP, MANAGE, ENCUMBER, ASSIGN, SELL, TRANSFER AND CONVEY REAL PROPERTY TO BE ADMINISTERED FOR CHARITABLE PURPOSES BY THE UNIVERSITY OF NORTH GEORGIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCTION OF PARKING DECK, CADET HOUSING, CIVILIAN HOUSING AND DINING HALL, BOOKSTORE, INFIRMARY, ADMINISTRATIVE OFFICES, ACADEMIC CLASSROOMS, AND RENOVATION OF CADET HOUSING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Bob Mathews Chairman | OfficerTrustee | 0.5 | $0 |
Gary Osley Vice Chairman | OfficerTrustee | 0.5 | $0 |
James Faulkner Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Gerald Sullivan Administrative Officer | Officer | 10 | $0 |
Bonita Jacobs Trustee | Trustee | 0.5 | $0 |
Frank Mcconnell Trustee | Trustee | 0.5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Winter Construction Cumming City Hall 4th Floor Build Out | 6/29/16 | $292,351 |
Carroll Daniel Construction Oakwood Testing Center Build Out And Blu | 6/29/16 | $636,959 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $6,106,698 |
Investment income | $573 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $213,239 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $6,320,510 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $18,200 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $57,096 |
Advertising and promotion | $0 |
Office expenses | $6,613 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $765,580 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $3,590,251 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $73,964 |
Insurance | $338,373 |
All other expenses | $0 |
Total functional expenses | $4,977,002 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,324,952 |
Savings and temporary cash investments | $12,468,790 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $214,058 |
Net Land, buildings, and equipment | $2,840,213 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $116,975,101 |
Total assets | $135,823,114 |
Accounts payable and accrued expenses | $45,194 |
Grants payable | $0 |
Deferred revenue | $458,896 |
Tax-exempt bond liabilities | $115,934,500 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $2,809,649 |
Total liabilities | $119,248,239 |
Net assets without donor restrictions | $16,574,875 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $135,823,114 |
Over the last fiscal year, we have identified 1 grants that University Of North Georgia Real Estate Foundation Inc has recieved totaling $26,000.
Awarding Organization | Amount |
---|---|
The George And Carol Olmsted Foundation Falls Church, VA PURPOSE: UNDERGRADUATE IMMERSION TRAVEL | $26,000 |
Organization Name | Assets | Revenue |
---|---|---|
Miami Dade College Foundation Inc Miami, FL | $203,072,980 | $26,102,618 |
The Lord Foundation Of North Carolina Durham, NC | $23,094,681 | $641,441 |
Oxbridge Academy Foundation Inc West Palm Beach, FL | $65,288,192 | $19,905,008 |
University Of West Florida Foundation Inc Pensacola, FL | $164,565,433 | $23,515,652 |
University Of North Carolina At Greensboro Investment Fund Inc Greensboro, NC | $369,290,686 | $22,759,163 |
Building Equity Sooner For Tomarrow Greenville, SC | $493,697,004 | $17,744,355 |
Appalachian State University Foundation Inc Boone, NC | $159,413,962 | $18,404,104 |
Gator Boosters Inc Gainesville, FL | $35,445,358 | $17,089,938 |
University Of North Carolina Chapel Hill Arts And Sciences Foundation Chapel Hill, NC | $518,992,807 | $33,231,064 |
The University Of North Florida Foundation Inc Jacksonville, FL | $189,463,504 | $37,925,600 |
Usf Health Professions Conferencing Corporation Tampa, FL | $17,834,474 | $17,025,476 |
Florida Agricultural & Mechanical Univ Foundation Inc Tallahassee, FL | $165,576,820 | $45,594,915 |