2025-11-05T15:32:28+00:00 2025-06-30 580692043 Mauldin & Jenkins LLC 200 Galleria Parkway Suite 1700 Atlanta GA 30339 990 2024-07-01 263332258 University of North Georgia Real Estate Foundation Inc UNIV 7068672401 82 College Circle Dahlonega GA 30597 James A Faulkner Treasurer / Secretary 2025-11-05 true Mary Jo Alexander P00002534 7709558600 2025-11-04 2024 2025-03-06 01:10:19Z James A Faulkner 82 College Circle Dahlonega GA 30597 11417821 false X NA X 2008 GA See Schedule O 12 9 6 9 0 0 0 5860694 8416894 45816 -212911 411243 0 6317753 8203983 2225 1994143 0 0 0 0 0 0 0 5712427 6048604 5714652 8042747 603101 161236 127601089 170103269 109533426 151783799 18067663 18319470 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. false false 8001043 1994143 8416894 Construction of parking deck, cadet housing, civilian housing and dining hall, bookstore, infirmary, administrative offices, academic classrooms, and renovation of cadet housing. 8001043 true false false false false false false false false false true false false true true true false true false false false false false false false false false true false true true false false false false false false false false false false false false false false true true false false false false true X 4 0 true 6 true false false false false false false false false false false false false X 12 9 false false false false false false false true true false true true true true true true true true false false false false GA X Sherry Waddell 7068674593 82 College Circle Price Memorial Dahlonega GA 30597 Bob Mathews Chairman 1.0 0.0 X X 0 0 0 Gary Osley Vice Chairman 0.5 0.0 X X 0 0 0 James A Faulkner Treasurer/Secretary 1.0 4.0 X X 0 0 0 Beth Baldwin Trustee 0.5 4.0 X 0 0 0 Dan O'Leary Trustee 0.5 0.0 X 0 0 0 Jack Elrod Trustee 0.5 4.0 X 0 0 0 James Shore Trustee 0.5 0.0 X 0 0 0 Jason Matt Trustee 0.5 40.0 X 0 0 0 Jeff Tarnowski Trustee 0.5 40.0 X 0 186930 87438 Jonathan Collins Trustee 0.5 0.0 X 0 0 0 Mary Helen McGruder Trustee 0.5 4.0 X 0 0 0 Mike Shannon Trustee 0.5 40.0 X 0 359115 90223 Nick Massengill Trustee 0.5 4.0 X 0 0 0 Derek Leonard Administrative Officer 10.0 30.0 X 0 134045 76691 Frank McConnell Advisor 19.0 0.0 X 0 118706 92 0 798796 254444 0 false true false Rycon Construction Inc 2501 Smallman Street Suite 100 Pittsburgh PA 15222 Dining Hall Renovations 1908734 Conditioned Air Systems Inc 2410 Hilton Way SM Gainesville GA 30501 HVAC/Hot water repair and replacements 583448 GC&E Systems Group LLC 5835 Peachtree Corners E Ste A Peachtree Corners GA 30092 Residence Hall Door Lock Upgrades 437359 Mingledorff's Inc 6675 Jones Mill Court Peachtree Corners GA 30092 HVAC Units, Installation, Repair 206216 4 0 Income from Direct Financing Lease 900099 4121115 4121115 Rental Income 532000 4228118 4228118 Other Program Income 900099 67661 67661 0 0 0 0 8416894 110566 110566 0 0 2890361 2889213 324625 1148 -324625 -323477 -323477 0 0 0 0 0 0 8203983 8416894 0 -212911 1994143 1994143 9122 8210 912 23942 23942 198643 194852 3791 0 4600 4444 156 17242 8013 9229 786059 786059 5322 5141 181 565 546 19 3923324 3923324 309121 309121 656497 653032 3465 Amortization of Bond Issuance Costs 76358 76358 Regents Fees 37554 37554 Licenses and Permits 255 246 9 0 0 0 0 8042747 8001043 41704 0 1953284 5237868 12427396 12593745 411243 63723 0 0 0 0 354207 420263 49781164 687327 2707244 49093837 3051313 188020 0 0 106696402 102505813 127601089 170103269 455726 328847 334024 522407 106528007 101964283 0 0 0 43762934 2215669 5205328 109533426 151783799 X 18067663 18319470 18067663 18319470 127601089 170103269 161236 90571 0 0 0 0 X X false true true false X X X 1 University of North Georgia 586002060 5 true 2000 1992143 1 2000 1992143 true true false false false false false false false false false false false false false true true false X true false Schedule A, Part IV, Section A, Line 2 Supported Org. Without IRS Status 509(a)1 or (2) The purpose of the University of North Georgia Real Estate Foundation is to serve the needs and interest of the University of North Georgia (the "University") and to benefit and promote the well-being of its administration, faculty, staff, student body, and the people and communities served by the University; and to acquire, lease, receive, accept, develop, manage, encumber, assign, sell, transfer, and convey real property to be administered exclusively for charitable purposes for the benefit of the University. Schedule A, Part IV, Section E, Line 2a Org. Activities Directly Further The Exempt Purposes The University of North Georgia Real Estate Foundation is a supporting organization for the University of North Georgia ("UNG"). UNG is a public university, public-funded by the state of Georgia and under the supervision of the University System of Georgia. As such they are a division of government. 16817305 16817305 32247064 616809 31630255 36365 16338 20027 680430 54180 626250 49093837 Minimum Lease Payments Receivable 100582831 Tumbling Creek Land - For Sale 1691791 Right-of-use Asset 120000 CIP - Thompson Circle Lot Utility Deposits & Undeposited Funds 111191 102505813 Federal Income Taxes Accrued Interest 2083929 Operating Lease Liability 121399 Related Party Note Payable 3000000 5205328 X 8608697 90571 314143 0 404714 8203983 0 0 8203983 8356890 314143 0 314143 8042747 0 0 8042747 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Real Estate Foundation qualifies as a tax-exempt organization as described in Internal Revenue Code Section 501(c)(3) and has been classified by the Internal Revenue Service as a publicly supported organization and not as a private foundation. However, income from certain activities not directly related to the Real Estate Foundation's tax-exempt purpose is subject to taxation as unrelated business income. The Real Estate Foundation follows the statutory requirements for its income tax accounting and generally avoids risks associated with potentially problematic tax positions that may be challenged upon examination. Management believes any liability resulting from taxing authorities imposing additional income taxes from activities deemed to be unrelated to the Real Estate Foundation's tax-exempt status would not have a material effect on the Real Estate Foundation's consolidated financial statements. true University of North Georgia 82 College Circle Dahlonega GA 30597 586002060 2000 1992143 FMV Property and Equipment $1,992,143 Contribution to facility projects at the University of North Georgia 1 0 false false false false false false false false false Mike Shannon Trustee 0 317915 0 0 0 41200 0 0 0 90223 0 449338 0 0 Jeff Tarnowski Trustee 0 186930 0 0 0 0 0 0 0 87438 0 274368 0 0 Derek Leonard Administrative Officer 0 134045 0 0 0 0 0 0 0 76691 0 210736 0 0 A Downtown Development Authority City of Dahlonega 823727709 23378RFR2 2017-12-21 88020000 Refund Series 2009 & Series 2010 to receive savings benefit false false false B Downtown Development Authority City of Dahlonega 208485320 23378RDC7 2016-11-17 6870000 Construct Parking Deck false false false C Downtown Development Authority City of Dahlonega 208485320 23378RDZ6 2016-11-17 24075000 Refund Series 2007A & fund cost of issuance fees false false false A 12665000 0 98692095 4760613 0 0 778918 0 0 0 0 0 2012 true true true true B 1205000 0 7159916 279404 179544 0 105014 0 0 7125349 0 0 2017 false false true true C 6840000 0 26225751 1077422 0 0 411146 0 0 0 0 0 2008 true true true true A true false true true false true 0.025 0.0 0.025 true false 0 false true B true false false false false false 0.0 0.0 0.0 true false 0 false true C true false false false false false 0.0 0.0 0.0 true false 0 false false A false false false false false false 0 false false false 0 false false false B false false false false false false 0 false false false 0 false false false C false false false false false false 0 false false false 0 false false false A true B true C true Schedule K, Part V Different Procedures to Undertake Corrective Action Issuer name: Downtown Development Authority City of Dahlonega N/A Schedule K, Part V Different Procedures to Undertake Corrective Action Issuer name: Downtown Development Authority City of Dahlonega N/A Schedule K, Part V Different Procedures to Undertake Corrective Action Issuer name: Downtown Development Authority City of Dahlonega N/A Form 990, Part I, Line 5 University of North Georgia Real Estate Foundation has 6 individuals performing employment services for the organization. These individuals are compensated by and reported on the payroll of University of North Georgia, EIN #58-6002060. Form 990, Part I, 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. Form 990, Part V, Line 2a The University of North Georgia Real Estate Foundation, Inc. utilizes the services of University employees on a part-time basis. These individuals are reported on the University's payroll. Their compensation is determined by University officials. The University is not reimbursed for their part-time services. Four University employees perform services for the University of North Georgia Real Estate Foundation, Inc. Form 990, Part VI, Line 11b Review of form 990 by governing body After the 990 has been reviewed by the Board and approved by the Board (or its designated committee), it is filed with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy Each Board Trustee is required to complete and sign a conflict of interest questionnaire annually. Form 990, Part VI, Line 19 Required documents available to the public Documents are available upon request. Form 990, Part VII, Section A Trustees Mike Shannon, Jeff Tarnowski, James Shore, and Jason Matt are employees of the supported organization, University of North Georgia. Form 990, Part XII, Line 2c Change of oversight process or selection process There have been no changes from the prior year in the auditor selection process, nor financial statement oversight process. Pilgrim Mill Center LLC 82 College Circle Chestatee Bldg Dahlonega GA 30597 453755648 Financing and Construction of Facilities GA 0 0 NA North Georgia Parking & Recreation Center 82 College Circle Chestatee Bldg Dahlonega GA 30597 208485320 Financing and Construction of Facilities GA 1422776 26156908 NA GSC Foundation Real Estate Holding Company 82 College Circle Chestatee Bldg Suite 326 Dahlonega GA 30597 263748769 Financing and Construction of Facilities GA 0 0 NA North Georgia MAC LLC 82 College Circle Chestatee Bldg Dahlonega GA 30597 823727709 Financing and Construction of Facilities GA 5591332 88573292 NA North Georgia Bellamy LLC 82 College Circle Chestatee Bldg Suite 32 Dahlonega GA 30597 Financing and Construction of Facilities GA 1119781 47503744 University of North Georgia 82 College Circle Dahlonega GA 30597 586002060 Higher Education GA 115 State of Georgia false University of North Georgia Foundation - Dahlonega Inc PO Box 1599 Dahlonega GA 30533 237066297 Support University of North Georgia GA 501(c)(3) 5 NA false false true false false false false false false false true false false false true true false true false true