2025-11-12T16:52:03-06:00 2024-12-31 951777440 GREEN HASSON & JANKS LLP 700 S FLOWER STREET SUITE 3300 LOS ANGELES CA 90017 990 2024-01-01 954377364 FMF REALTY CORP FMFR 3105704600 1250 FOURTH STREET 2ND FLOOR SANTA MONICA CA 90401 MICHAEL KLOWDEN PRESIDENT 3105704600 2025-11-11 1 0 LIZBETH G NEVAREZ P01399868 3108731600 2025-11-11 2024 2025-03-06 01:10:19Z MICHAEL KLOWDEN 1250 FOURTH STREET 2ND FLOOR SANTA MONICA CA 90401 3845017 0 X NONE X 1992 CA REAL PROPERTY HOLDING CORPORATION UNDER 501(C)(25) OF THE IRC. 4 0 0 0 0 0 0 0 3568416 3823483 22174 21534 0 0 3590590 3845017 0 0 0 0 0 0 0 0 0 3794219 4172414 3794219 4172414 -203629 -327397 13627839 13157282 311661 173561 13316178 12983721 REAL PROPERTY HOLDING CORPORATION UNDER 501(C)(25) OF THE IRC. 0 0 REAL PROPERTY HOLDING CORPORATION UNDER 501(C)(25) OF THE IRC. 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 X 4 0 1 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X JOHN HUNTER 3105704600 1250 FOURTH STREET 2ND FLOOR SANTA MONICA CA 90401 MICHAEL L KLOWDEN PRESIDENT 5.30 40.00 X X 0 39211 77984 RICHARD SANDLER VICE PRES & SECRETARY 5.00 2.00 X X 0 0 0 JEFFREY GREEN VICE PRES & TREASURER 5.00 0.00 X X 0 0 0 RALPH FINERMAN DIRECTOR 5.00 2.00 X 0 0 0 JOHN HUNTER CHIEF FINANCIAL OFFICER 6.00 40.00 X 0 528790 97904 0 568001 175888 0 0 1 0 EXECPRO SERVICES INC 1250 FOURTH ST SUITE 380 SANTA MONICA CA 90401 PROPERTY MANAGEMENT & SERVICES 1615062 WESTERN ALLIED PO BOX 3628 SANTA FE SPRINGS CA 90670 BUILDING MAINTENANCE 1137107 US METRO GROUP INC 3171 W OLYMPIC BLVD 553 LOS ANGELES CA 90005 BUILDING MAINTENANCE 333013 WILSON DELANG CONSTRUCTION 27905 SMYTH DRIVE VALENCIA CA 91355 BUILDING MAINTENANCE 122906 4 RENTAL INCOME 900002 3823483 3823483 3823483 21534 21534 3845017 3823483 0 21534 4120 5091 468 3467551 430952 204249 OTHER SUPPLIES 48076 AUDIO VISUAL EQUIPMENT 6479 TAXES & LICENSES 3188 DUES & SUBSCRIPTIONS 2240 4172414 990999 539783 477794 199329 64970 32884 172728 37713 26712190 17552526 8733439 9159664 3187909 3187909 13627839 13157282 311661 173561 311661 173561 X 13316178 12983721 13316178 12983721 13627839 13157282 X -327397 -5060 X X 0 1 X 1 0 0 5000000 5000000 13627054 13556357 70697 7428795 3423552 4005243 528569 444845 83724 127772 127772 0 9159664 DUE FROM THE MILKEN INSTITUTE 3187909 3187909 X PART X, LINE 2: FMF REALTY CORP RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE CONSOLIDATED FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. DURING THE YEAR ENDED DECEMBER 31, 2024, FMF REALTY CORP PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AND DID NOT NOTE ANY MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MIGHT HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. 0 0 0 JOHN HUNTER CHIEF FINANCIAL OFFICER 0 424980 0 100000 0 3810 0 30500 0 67404 0 626694 0 0 PART I, LINE 3 COMPENSATION PAID BY RELATED PARTY, MILKEN INSTITUTE TO MICHAEL KLOWDEN: THE CEO ANNUALLY PROVIDES THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS A DETAILED REPORT OF ALL COMPENSATION ADJUSTMENTS, INCLUDING ADJUSTMENTS FOR THE INSTITUTE'S OFFICERS AND SENIOR EMPLOYEES. DURING THEIR REVIEW, THE MEMBERS OF THE COMMITTEE INQUIRE ABOUT THE BASIS FOR ALL COMPENSATION DETERMINATIONS, INCLUDING INDIVIDUAL AND ENTERPRISE PERFORMANCE AND AVAILABLE COMPARABILITY DATA FOR SIMILARLY SITUATED NONPROFIT INSTITUTIONS. THE COMPENSATION COMMITTEE, EXCLUDING THE CEO, DISCUSSES AND APPROVES ANY ADJUSTMENTS TO THE CEO'S COMPENSATION. RALPH FINERMAN GROUP ENTITY OWNED BY BOARD MEMBER, RALPH FINERMAN 234882 RENT, PARKING AND OPERATIONAL EXPENSE REIMBURSEMENT PAID TO FMF REALTY 0 MARON & SANDLER ENTITY OWNED BY BOARD MEMBER, RICHARD SANDLER 208295 RENT, PARKING AND OPERATIONAL EXPENSE REIMBURSEMENT PAID TO FMF REALTY 0 LOCUS FINANCIAL ENTITY OWNED BY BOARD MEMBER, JEFF GREEN 151338 RENT, PARKING AND OPERATIONAL EXPENSE REIMBURSEMENT PAID TO FMF REALTY 0 FORM 990, PART VI, SECTION A, LINE 2 RICHARD SANDLER AND RALPH FINERMAN, BOTH DIRECTORS, HAVE BUSINESS RELATIONSHIPS WITH EACH OTHER. FORM 990, PART VI, SECTION A, LINE 6 FMF REALTY CORP HAS 1,000 SHARES OF COMMON STOCK THAT ARE WHOLLY-OWNED BY THE MILKEN INSTITUTE, A 501(C)(3) PUBLIC CHARITY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE ORGANIZATION IN DETAIL BEFORE A FINAL COPY IS PRODUCED. THAT COPY OF THE FORM 990 IS FORWARDED TO THE BOARD OF DIRECTORS BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION IS A REAL ESTATE HOLDING CORPORATION WITH THREE OFFICERS AND FOUR DIRECTORS. THE TRANSACTIONS OF THE ORGANIZATION ARE PRIMARILY RENT COLLECTION AND EXPENSE DISBURSEMENTS FOR THE BENEFIT OF THE PROPERTY/BUILDING. THESE EXPENDITURES ARE REVIEWED DURING THE AUDIT OF THE PARENT ORGANIZATION WITH WHICH FMF REALITY IS CONSOLIDATED. IN ADDITION, THE OFFICERS AND DIRECTORS ARE REQUESTED TO DISCLOSE ANY CONFLICTS OF INTEREST ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS TO REVIEW COMPENSATION INCLUDES COMPARABILITY TO SIMILAR POSITIONS AND APPROVAL BY THE BOARD. HOWEVER, NONE OF THE OFFICERS ARE COMPENSATED BY THE ORGANIZATION SO THIS PROCESS IS NOT USED AT THE CURRENT TIME. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS REQUIRED BY LAW TO BE AVAILABLE FOR REVIEW BY THE GENERAL PUBLIC ARE MAINTAINED AT THE ORGANIZATION'S PRINCIPAL OFFICE AND ARE AVAILABLE FOR REVIEW UPON REQUEST. FORM 990, PART XI, LINE 9: BAD DEBT EXPENSE -5,060. FORM 990, PART XII, LINE C2 THERE ARE NO CHANGES IN THE OVERSIGHT OR SELECTION PROCESS FOR THIS ORGANIZATION DURING THE TAX YEAR. MILKEN INSTITUTE 1250 FOURTH STREET SANTA MONICA CA 90401 954240775 ECONOMIC RESEARCH CA 501(C)(3) 6 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0