2026-01-14T17:03:20-06:00 2025-06-30 581107697 SEROTTA MADDOCKS EVANS & CO 2743 PERIMETER PKWY AUGUSTA GA 30909 990 2024-07-01 882073025 GEORGIA REGENTS REAL ESTATE CORPORATION GEOR 7067214018 1120 15TH ST UNIT AA-2028 AUGUSTA GA 30912 JODI COLLINS CFO 7067214018 2025-11-12 1 1 MICHELLE BENNETT P00968513 7067225337 2024 2025-03-06 01:10:19Z AUGUSTA UNIVERSITY REAL ESTATE CORPORATION JODI COLLINS 1120 15TH ST UNIT AA-2028 AUGUSTA GA 30912 4388085 0 X N/A X 2014 GA THE CORPORATION SUPPORTS AUGUSTA UNIVERSITY AND ITS EDUCATIONAL, RESEARCH, AND CLINICAL MISSION THROUGH MANAGING REAL ESTATE ASSETS AND ADMINISTERING COMMERICAL REVENUE. 4 0 0 0 0 0 0 0 0 0 445342 498950 1696629 1237402 2141971 1736352 17633 8667 0 0 0 0 0 0 0 210457 219833 228090 228500 1913881 1507852 25015523 20630712 18701374 12808711 6314149 7822001 X THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY AS A SUPPORTING ORGANIZATION TO AND FOR THE BENEFIT OF AUGUSTA UNIVERSITY, AN INSTRUMENTALITY OF THE UNIVERSITY SYSTEM OF GEORGIA, AND TO MANAGE REAL ESTATE ASSETS AND TO CREATE AND ADMINISTER COMMERCIAL REVENUE IN SUPPORT OF THE EDUCATIONAL, RESEARCH, AND CLINICAL MISSION OF AUGUSTA UNIVERSITY. 0 0 49605 8667 1237402 MANAGE REAL ESTATE ASSETS AND TO CREATE AND ADMINISTER COMMERCIAL REVENUE IN SUPPORT OF THE EDUCATIONAL, RESEARCH, AND CLINICAL MISSION OF AUGUSTA UNIVERSITY. 49605 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 6 0 1 0 0 0 0 0 0 0 0 0 0 0 X 4 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 0 0 0 0 0 GA X THE ORGANIZATION 7067214018 1120 15TH ST UNIT AA-2028 AUGUSTA GA 30912 RUSSELL KEEN CHAIRMAN 1.00 39.00 X X 0 532933 0 KRISTINA BAGGOTT VICE CHAIRMAN 1.00 39.00 X X 0 163848 0 YVONNE TURNER TREASURER 2.00 38.00 X X 0 451328 0 CHRIS MELCHER SECRETARY 2.00 38.00 X X 0 268153 0 STEPHEN WERTZ VP FOR FOUNDATIONS AND CEO, AU FOUNDATIONS 20.00 20.00 X 0 197199 0 MILDRED GARMON FORMER CFO 1.00 39.00 X 0 202640 0 MICHAEL SHAFFER FORMER EMPLOYEE 1.00 39.00 X 0 318505 0 0 2134606 0 0 1 1 0 0 498950 498950 3889135 2651733 1237402 1237402 1237402 1736352 1237402 0 498950 8667 8667 38998 38998 49486 49486 2430 1940 490 1655 1655 99026 99026 PENALTIES 19910 19910 SUBSCRIPTIONS 8328 8328 228500 49605 178895 0 5517655 7261470 165057 62333 54974 55680 19277837 13251229 25015523 20630712 26987 5990 56351 73111 18618036 12729610 18701374 12808711 X 6314149 7822001 6314149 7822001 25015523 20630712 1507852 0 X 0 1 X 1 0 X X 1 AUGUSTA UNIVERSITY 586002053 6 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 LEASE RECEIVABLE 13103045 DUE FROM JTAM 148184 13251229 DEFERRED RENT 12290873 DUE TO AU 355903 SECURITY DEPOSIT 61269 TAXES FEE AND PENATLIES PAYABLE 21565 12729610 X 4388085 0 4388085 -2651733 -2651733 1736352 2880233 2651733 2651733 228500 0 228500 PART X, LINE 2: THE CORPORATION APPLIED FOR AND RECEIVED RECOGNITION OF TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE INTERNAL REVENUE SERVICE (IRS) GRANTED THE STATUS EFFECTIVE JUNE 25, 2024. THE CORPORATION IS CURRENTLY IN THE PROCESS OF APPEALING THE EFFECTIVE DATE WITH THE IRS TO JULY 1, 2022, THE DATE OPERATIONS BEGAN. IF THE APPEAL FOR RETROACTIVE EXEMPT STATUS IS DENIED, THE ENTITY'S NET INCOME FOR THE PERIOD FROM JULY 1, 2022 THROUGH JUNE 24, 2024 WOULD BE SUBJECT TO FEDERAL INCOME TAXATION AT CORPORATE TAX RATES, AS APPLICABLE. MANAGEMENT HAS NOT YET DETERMINED THE LIKELIHOOD OF A SUCCESSFUL APPEAL OR THE POTENTIAL FINANCIAL IMPACT OF ANY TAX LIABILITY. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE FINANCIAL STATEMENTS AS OF SEPTEMBER 5, 2025. THE CORPORATION WILL CONTINUE TO MONITOR DEVELOPMENTS AND ASSESS THE NEED FOR RECOGNITION OR DISCLOSURE IN FUTURE REPORTING PERIODS. ANY TAX LIABILITY ARISING FROM THIS MATTER COULD HAVE A MATERIAL IMPACT ON THE CORPORATION'S NET POSITION AND RESULTS OF OPERATIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -2,651,733. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 2,651,733. 0 AUGUSTA UNIVERSITY FOUNDATION INC 1120 15TH STREET HS3200/PAE AUGUSTA GA 30912 586038134 501(C)(3) 7000 0 PRIZE AWARDS FOR STUDENT COMPETITIONS 1 0 0 0 0 0 0 0 0 0 RUSSELL KEEN CHAIRMAN 0 509183 0 2100 0 21650 0 0 0 0 0 532933 0 0 YVONNE TURNER TREASURER 0 451328 0 0 0 0 0 0 0 0 0 451328 0 0 MICHAEL SHAFFER FORMER EMPLOYEE 0 318505 0 0 0 0 0 0 0 0 0 318505 0 0 CHRIS MELCHER SECRETARY 0 268153 0 0 0 0 0 0 0 0 0 268153 0 0 MILDRED GARMON FORMER CFO 0 169755 0 0 0 32885 0 0 0 0 0 202640 0 0 STEPHEN WERTZ VP FOR FOUNDATIONS AND CEO, AU FOUND 0 197199 0 0 0 0 0 0 0 0 0 197199 0 0 KRISTINA BAGGOTT VICE CHAIRMAN 0 163848 0 0 0 0 0 0 0 0 0 163848 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE PRESIDENT OF AUGUSTA UNIVERSITY SHALL BE A PERMANENT DIRECTOR OF THE CORPORATION BY VIRTUE OF THAT POSITION, AND SHALL CONTINUE TO SERVE AS A DIRECTOR FOR SO LONG AS HE OR SHE SHALL REMAIN PRESIDENT. ALL DIRECTORS SHALL BE A PERSON WHO HAS BEEN APPOINTED BY THE PRESIDENT OF AUGUSTA UNIVERSITY TO SERVE A THREE-YEAR TERM. THE CORPORATION SHALL HAVE NO FEWER THAN THREE OR MORE THAN FIVE DIRECTORS. ALL DIRECTORS SHALL BE EMPLOYEES OF EITHER AUGUSTA UNIVERSITY OR THE UNIVERSITY SYSTEM OF GEORGIA, AND SHALL SERVE AS DIRECTOR ONLY FOR SO LONG AS THEY REMAIN EMPLOYED IN THAT CAPACITY. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WAS SUBMITTED TO GEORGIA REGENTS REAL ESTATE CORPORATION'S GOVERNING BODY BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND OFFICERS ARE REQUIRED TO DISCLOSE ANY INTERESTS WHICH MAY BE CONSIDERED A CONFLICT RELATIVE TO BUSINESS DEALINGS OR BOARD ACTIONS. IN THE EVENT OF A CONFLICT, THE INDIVIDUAL WILL ABSTAIN FROM BOARD ACTIONS WHERE CONFLICTS ARE DEEMED TO BE PRESENT. AN UNRESOLVED CONFLICT OF INTEREST IS A REASON FOR REMOVAL FROM THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. AUGUSTA UNIVERSITY 1120 15TH STREET AUGUSTA GA 30912 586002053 EDUCATION GA 115 (1) N/A 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 0 AUGUSTA UNIVERSITY K 665000 COST AUGUSTA UNIVERSITY P 2058675 COST