2023-11-15T09:01:39+00:00 2023-06-30 882730877 Cherry Bekaert Advisory LLC 1075 Peachtree Street NE Suite 2200 Atlanta GA 30309 990 2022-07-01 582491922 UGA Real Estate Foundation Inc UGAR 7065830811 1180 East Broad Street Athens GA 30602 Eric Orbock Executive Director 2023-11-15 true Eric Orbock 999009999 Paula Wendling P00536805 4042090954 2022 2023-04-26 12:10:37Z Eric Orbock 1180 East Broad Street Athens GA 30602 16057330 false X www.ugaref.com X 1999 GA 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. 10 5 0 5 0 0 0 14602080 15184107 88100 873223 149094 0 14839274 16057330 0 0 0 0 0 14204004 13369967 14204004 13369967 635270 2687363 310229529 296027247 260641527 243873100 49588002 52154147 The UGA Real Estate Foundation 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. false false 13020131 15184107 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. 13020131 true false false false false false false false false true false false false true false true true false true true false false false false false false false false true true false false false false false false false false false false false false false false true true false true false true X 9 0 true 0 false true IT false false false false false false false false false false X 10 5 false false false false true true true true true false false true true true true true true false false false GA X Chad Cleveland 7065426860 456 E Broad St Athens GA 30602 Henry Munneke Secretary 1.0 40.0 X X 0 335028 58915 John Rooker Treasurer 1.0 0.0 X X 0 0 0 Ryan Nesbit Chairman 3.0 40.0 X X 0 345231 98731 Greg Guyer Trustee 1.0 0.0 X 0 0 0 Jack Hu Ex-Officio Trustee 1.0 40.0 X 0 505098 49372 Jere Morehead Ex-Officio Trustee 1.0 40.0 X 0 690558 266613 Karen Burg Trustee 1.0 40.0 X 0 367683 38892 Kirby Alton Trustee 1.0 0.0 X 0 0 0 Marcus Thornton Trustee 1.0 0.0 X 0 0 0 Paige Collier Trustee 1.0 0.0 X 0 0 0 Eric Orbock Executive Director 30.0 10.0 X 0 220258 74522 0 2463856 587045 0 false true false Turner Construction Company 3495 Piedmont Rd NE Suite 700 Atlanta GA 30305 Construction 14949387 Leapley Construction Group of Atlanta LLC 180 Interstate North Parkway Atlanta GA 30339 Construction 953338 Beck Architecture Georgia LLC 3500 Lenox Rd Atlanta GA 30326 Architect 163221 Cherry Bekaert LLP P O Box 25549 Richmond VA 232605500 Accounting Services 110150 4 0 FINANCING / LEASE INCOME 900099 9946057 9946057 REPAIR AND RESTORATION INCOME 900099 1504204 1504204 LEASE INCOME 900099 3733846 3733846 0 0 0 0 15184107 853132 853132 0 0 11213 8878 11213 8878 20091 20091 0 0 0 0 0 16057330 15184107 0 873223 131480 124542 6938 61574 61574 13882 13882 227718 0 227718 0 2250 2250 3000 3000 1028832 1016832 12000 8791944 8791944 2795112 2795112 84472 62018 22454 LEASE EXPENSE 164187 164187 PROPERTY OPERATING EXPENSE 64072 64072 CORPORATE REGISTRATION 1170 1170 BANK FEES 274 254 20 0 0 0 0 13369967 13020131 349836 0 23776480 20967819 0 0 172934174 207989234 239667 253435 33095994 2231112 30979205 30864882 6084546 10194358 0 52870567 5788156 11876696 9195908 11468194 10773455 310229529 296027247 3568948 869604 5359782 5211616 147619106 142279286 0 82324475 77869475 21769216 17643119 260641527 243873100 X 49588002 52154147 49588002 52154147 310229529 296027247 2687363 -121218 0 X false true X true false X X 2 University of Georgia 586001998 2 true 0 0 University of Georgia Research Foundation Inc 581353149 7 true 0 0 2 0 0 true true false false false false false false false false false false false false false true false Schedule A, Part I, Line 12g Column V The UGA Real Estate Foundation supports the University of Georgia by financing and building projects. The financing agreements create notes receivable that last anywhere from 19 to 30 years. Once the notes receivable are paid in full, these properties will transfer to the Board of Regents. Since the UGA Real Estate Foundation did not "give" the University money or property, the amount of support reported on Schedule A is "0". No support was given to the University of Georgia Research Foundation (the UGA Real Estate Foundation's sole member) either on their behalf or on behalf of the University of Georgia. Schedule A, Part IV, Section A, Line 2 Supported Org. Without IRS Status 509(a)1 or (2) The UGA Real Estate Foundation supports the University of Georgia which is a political subdivision of the University System of Georgia which is a political subdivision of the state of Georgia and is exempt from federal income tax. 29719104 29719104 3179498 2033720 1145778 197392 197392 0 30864882 A/P RELATED AFFILIATES 1981331 UNEARNED LEASE INCOME 7675203 LEASE OBILIGATIONS 7986585 17643119 15697077 -121218 0 -121218 15818295 13882 225153 239035 16057330 13130932 0 0 13130932 13882 225153 239035 13369967 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Revenue netted against expense on audit - 225153 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Revenue netted against expenses on audit - 225153 Europe (Including Iceland and Greenland) 0 1 Program Services rental real estate 51543 0 1 0 0 0 1 51543 0 51543 false false false false false false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual false true false false false false false false false Henry Munneke Secretary 0 320211 0 0 0 14817 0 31605 0 27310 0 393943 0 0 Ryan Nesbit Chairman 0 337231 0 0 0 8000 0 70404 0 28327 0 443962 0 0 Karen Burg Trustee 0 346083 0 0 0 21600 0 28182 0 10710 0 406575 0 0 Jack Hu Ex-Officio Trustee 0 505098 0 0 0 0 0 28182 0 21190 0 554470 0 0 Jere Morehead Ex-Officio Trustee 0 663558 0 0 0 27000 0 258058 0 8555 0 957171 0 0 Eric Orbock Executive Director 0 220012 0 0 0 246 0 45433 0 29089 0 294780 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation The UGA Real Estate Foundation's Executive Director is paid directly by the University of Georgia for his role as the Executive Director. The University of Georgia Vice President for Finance and Administration establishes the Executive Director's annual compensation using the state of Georgia's budgetary guidelines. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan The compensation reported in Schedule J, Part II, Column C includes deferred compensation of $221,074 paid by the University of Georgia during 2022 as part of a supplemental nonqualified retirement plan for Jere W. Morehead. For fiscal year 2023, the University System of Georgia Board of Regents approved an annualized $225,074 contribution made by the University of Georgia on behalf of Jere W. Morehead to an approved deferred compensation plan per Board of Regents' policy. A Athens Housing Authority 586002838 047093HJ1 2020-12-09 43456458 To construct a residence hall. false false false B Development Authority of the Unified Government of Athens-Clarke County GA 582613761 047059FB1 2013-06-27 25031053 To construct a dining facility false false false C Development Authority of the Unified Government of Athens-Clarke County GA 582613761 047059GB0 2016-06-16 61143584 To refinance all remaining bonds (orig issue 1/29/08) with lower rate bonds false false false D Athens Housing Authority 586002838 047093FF1 2017-02-09 48929542 To refinance all remaining bonds (orig issue 7/15/09) with lower rate bonds. false false false A 670000 43456458 2903103 638617 44738 39870000 0 2022 false false true true B 7735000 25031153 1077425 372539 462744 23118445 2014 false false true true C 13480000 62026066 596838 36278 61392950 2009 false true true true D 8610000 50295851 544724 49751127 2010 false true true true A false false false false true 0.0 false false true B false false false false 0.0 false false true C false false false false 0.0 false false true D false false false false 0.0 false false true A false false false true false false false false true B false false false true false false false false true C false false false true false false false false true D false false false true false false false false true A true B true C true D true Schedule K, Part II, Line 3 CUSIP # 047059FB1 Total proceeds do not equal the bond issued. Difference is investment income. Schedule K, Part II, Line 3 CUSIP # 047059GB0 Total proceeds do not equal the bond issued. Difference is investment income. Schedule K, Part II, Line 3 CUSIP # 047093FF1 Total proceeds do not equal the bond issued. Difference is investment income. Schedule K, Part II, Line 3 CUSIP # 047059JG6 Total proceeds do not equal the bond issued. Difference is investment income. Schedule K, Part IV, Line 2c COLUMN B Issuer name: Development Authority of the Unified Government of Athens-Clarke County, GA The calculation for computing no rebate due was performed on 06/15/2018 Schedule K, Part IV, Line 2c COLUMN C Issuer name: Development Authority of the Unified Government of Athens-Clarke County, GA The calculation for computing no rebate due was performed on 12/15/2020 Schedule K, Part IV, Line 2c COLUMN D Issuer name: Athens Housing Authority The calculation for computing no rebate due was performed on 12/15/2020 Schedule K, Part IV, Line 2c COLUMN A Issuer name: Development Authority of the Unified Government of Athens-Clarke County, GA The calculation for computing no rebate due was performed on 09/14/2019 A Development Authority of the Unified Government of Athens-Clarke County GA 582613761 047059JG6 2017-09-14 16021388 To refinance all remaining bonds (orig issue 11/25/09) with lower rate bonds. false false false A 3200000 16374497 317858 5273 16051366 2009 false true true true A false false false false 0.0 false false true A false false false true false false false false true A true Form 990, Part VI, Line 6 Classes of members or stockholders The University of Georgia Research Foundation is the sole member of the UGA Real Estate Foundation. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body The University of Georgia Research Foundation elects members to the governing body of the UGA real Estate Foundation. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders The University of Georgia Research Foundation has the ability to approve certain decisions of the governing board, such as changing by-laws. Form 990, Part VI, Line 11b Review of form 990 by governing body IRS Form 990 is provided electronically to the Board of Trustees prior to the filing deadline with sufficient lead-time to allow for review by the Board of Trustees. Any responses are addressed before the return is filed. Form 990, Part VI, Line 12c Conflict of interest policy Board members and officers of the UGA Real Estate Foundation are given a form to complete each year requesting disclosure of all related entities and transactions. Any conflicts noted are discussed and appropriate action taken, if deemed necessary. Form 990, Part VI, Line 19 Required documents available to the public The UGA Real Estate Foundation's governing documents, conflict of interest policy, and financial statements are available to the public upon request. UGAREF Bolton Commons LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA 1102436 18527826 UGA Real Estate Foundation Inc UGAREF CCRC Building LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA 215 0 UGA Real Estate Foundation Inc UGAREF Central Precinct LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA 2102446 43862693 UGA Real Estate Foundation Inc UGAREF Central Precinct Housing Phase I LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA 1726259 43524008 UGA Real Estate Foundation Inc UGAREF East Campus Housing LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA 3454529 62219438 UGA Real Estate Foundation Inc UGAREF East Campus Housing Phase II LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA 2136148 39358324 UGA Real Estate Foundation Inc UGAREF Fraternity Row House 1 LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA 201986 2960036 UGA Real Estate Foundation Inc UGAREF Fraternity Row House 2 LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA 201979 2958672 UGA Real Estate Foundation Inc UGAREF Fraternity Row House 3 LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA 201895 2949930 UGA Real Estate Foundation Inc UGAREF Fraternity Row House 7 LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA 137010 1956686 UGA Real Estate Foundation Inc UGAREF Fraternity Row LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA 56 391 UGA Real Estate Foundation Inc UGAREF Hardin Property LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA 24 8726593 UGA Real Estate Foundation Inc UGAREF Oconee Street LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA 351913 8575261 UGA Real Estate Foundation Inc UGAREF PAC Parking Deck LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA 672048 13610975 UGA Real Estate Foundation Inc UGAREF Rutherford Hall LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA 3903 771747 UGA Real Estate Foundation Inc UGAREF Spring Street LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA 136824 3047534 UGA Real Estate Foundation Inc UGAREF Terry College Phase 1 LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA 0 0 UGA Real Estate Foundation Inc Athens Transportation Partners LLC 1180 East Broad Street Athens GA 30602 Manage Real Estate GA 593 11041150 UGA Real Estate Foundation Inc University of Georgia 456 E Broad St Athens GA 30602 586001998 Education & Research GA NA false University of Georgia Research Foundation Inc 456 E Broad St Athens GA 30602 581353149 Research GA 501(c)(3) 7 NA false UGAREF Cortona Italy Foundation 1180 E Broad St Athens GA 30602 Provide housing for studies abroad program IT 501(c)(3) NA false false false false true false false false false false true true false true false false true true false false University of Georgia D 19703532 Financial Statements University of Georgia J 6441688 Financial Statements University of Georgia K 12000 Financial Statements University of Georgia M 227718 Financial Statements University of Georgia P 618550 Financial Statements University of Georgia Q 2487804 Financial Statements