Uga Real Estate Foundation Inc
- Assets
- $310.2m
- Revenue
- $14.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Athens, GA
- Founding
- 12/1999
- Data as of
- 06/2022
- EIN
- 58-2491922
Organization Overview
Uga Real Estate Foundation Inc is located in Athens, GA. The organization was established in 1999. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Uga 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, Uga Real Estate Foundation Inc generated $14.8m 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 (4.4%) each year. All expenses for the organization totaled $14.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.5%) 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
THE UGA REAL ESTATE FOUNDATION, INC. MANAGES AND IMPROVES VARIOUS REAL ESTATE ASSETS FOR THE BENEFIT OF THE UNIVERSITY OF GEORGIA, GOVERNED BY THE BOARD OF REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA. THE UGA REAL ESTATE FOUNDATION MAY ALSO PROVIDE SUPPORT TO THE BOARD OF REGENTS, AND COLLEGES AND UNIVERSITIES OF THE UNIVERSITY SYSTEM OF GEORGIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DEVELOPMENT, IMPROVEMENT, ADMINISTRATION, AND MAINTENANCE OF PROPERTY ACQUIRED AND HELD FOR THE BENEFIT OF THE UNIVERSITY OF GEORGIA AND THE UNIVERSITY SYSTEM OF GEORGIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Beck Architecture Georgia Llc Architect | 6/29/22 | $625,804 |
Cherry Bekaert Llp Accounting Services | 6/29/22 | $110,785 |
Turner Construction Company Construction | 6/29/22 | $26,321,323 |
Financial Statements
| 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 | $14,602,080 |
| Investment income | $491,976 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$403,876 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,839,274 |
| 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 | $110,055 |
| Fees for services: Accounting | $61,507 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,747 |
| Fees for services: Other | $306,982 |
| Advertising and promotion | $0 |
| Office expenses | $3,278 |
| Information technology | $3,895 |
| Royalties | $0 |
| Occupancy | $1,122,126 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $160 |
| Interest | $8,804,232 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,795,112 |
| Insurance | $68,895 |
| All other expenses | $0 |
| Total functional expenses | $14,204,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $23,776,480 |
| 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 | $172,934,174 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $239,667 |
| Net Land, buildings, and equipment | $30,979,205 |
| Investments—publicly traded securities | $6,084,546 |
| Investments—other securities | $0 |
| Investments—program-related | $52,870,567 |
| Intangible assets | $11,876,696 |
| Other assets | $11,468,194 |
| Total assets | $310,229,529 |
| Accounts payable and accrued expenses | $3,568,948 |
| Grants payable | $0 |
| Deferred revenue | $5,359,782 |
| Tax-exempt bond liabilities | $147,619,106 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $82,324,475 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,769,216 |
| Total liabilities | $260,641,527 |
| Net assets without donor restrictions | $49,588,002 |
| 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 | $310,229,529 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Uga Real Estate Foundation Inc has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
Publix Super Markets Charities Inc Lakeland, FL | $259,322,738 | $58,315,085 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |
The Marie-Josee And Henry R Kravis Foundation West Palm Beach, FL | $65,193,748 | $101,287,799 |
The Leon Levine Foundation Charlotte, NC | $654,368,860 | $94,686,429 |
Maclellan Foundation Inc Chattanooga, TN | $225,301,353 | $34,552,415 |
We Are Sharing Hope Sc Charleston, SC | $50,025,063 | $34,221,211 |
The Frist Foundation Nashville, TN | $198,128,014 | $36,312,656 |
The Duke Energy Foundation Charlotte, NC | $4,461,931 | $408,995 |
Smith Richardson Foundation Inc Greensboro, NC | $606,694,904 | $88,589,213 |