2026-02-25T10:19:31-06:00 2025-06-30 581107697 SEROTTA MADDOCKS EVANS & CO 2743 PERIMETER PKWY AUGUSTA GA 30909 990 2024-07-01 352310573 AUGUSTA UNIVERSITY REAL ESTATE FOUNDATION INC AUGU 7067213430 1120 15TH ST HS-3200-PAE AUGUSTA GA 30912 JODI COLLINS CFO 7067213430 2026-02-08 1 1 MICHELLE BENNETT P00968513 7067225337 2024 2025-03-06 01:10:19Z JODI COLLINS 1120 15TH ST HS-3200-PAE AUGUSTA GA 30912 2602431 0 X N/A X 2008 GA AUGUSTA UNIVERSITY REAL ESTATE FOUNDATION, INC. (THE "FOUNDATION") IS ORGANIZED AND OPERATED FOR THE PURPOSE OF MANAGING REAL PROPERTY GIFTS AND OTHER REAL ESTATE INVESTMENTS TO SUPPORT THE EDUCATIONAL PURPOSES OF AUGUSTA UNIVERSITY. 7 5 0 5 -93072 0 1541010 3930 0 538735 313844 460721 12300 446782 1867154 1450168 0 154996 0 0 0 183361 0 0 0 207651 1438414 207651 1776771 1659503 -326603 49129944 42829708 44872575 38897697 4257369 3932011 X AUGUSTA UNIVERSITY REAL ESTATE FOUNDATION, INC. (THE "FOUNDATION") IS ORGANIZED AND OPERATED FOR THE PURPOSE OF MANAGING REAL PROPERTY GIFTS AND OTHER REAL ESTATE INVESTMENTS TO SUPPORT THE EDUCTATIONAL PURPOSES OF AUGUSTA UNIVERSITY. 0 1 1322134 154996 1078589 AUGUSTA UNIVERSITY REAL ESTATE FOUNDATION, INC. IS ORGANIZED AND OPERATED FOR THE PURPOSE OF MANAGING REAL PROPERTY GIFTS AND OTHER REAL ESTATE INVESTMENTS TO SUPPORT THE EDUCTATIONAL PURPOSES OF AUGUSTA UNIVERSITY. 1322134 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 X 7 5 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 GA X JODI COLLINS 7067217343 1120 15TH ST HS-3200-PAE AUGUSTA GA 30912 JERRY WOODS CHAIR - VOTING 1.00 X X 0 0 0 DEBBIE LAYMAN IMMEDIATE PAST CHAIR - VOTING 1.00 X X 0 0 0 CAMERON NIXON SECRETARY & TREASURER - VOTING 1.00 X X 0 0 0 ROBERT OSBORNE TRUSTEE - VOTING 1.00 X 0 0 0 ALAN GRIFFIN TRUSTEE - VOTING 1.00 X 0 0 0 DR RUSSELL KEEN EX-OFFICIO - VOTING 1.00 39.00 X 0 532933 0 YVONNE TURNER EX-OFFICIO - VOTING 1.00 39.00 X 0 451328 0 JACK EVANS EX-OFFICIO - NON-VOTING 1.00 39.00 X 0 255569 0 STEPHEN WERTZ EX-OFFICIO - NON-VOTING 1.00 39.00 X 0 197199 0 RON BOOTH EX-OFFICIO - NON-VOTING 1.00 39.00 X 0 277723 0 TINA BAGGOTT EX-OFFICIO - NON-VOTING 1.00 39.00 X 0 163848 0 MILDRED GARMON FORMER AVP FOR FOUNDATIONS & CFO AUF 1.00 39.00 X 0 202640 0 BRANDON MCCRAY FORMER VP FOR DEVELOPMENT 1.00 39.00 X 0 172672 0 0 2253912 0 0 1 1 0 0 3930 3930 AUFHGC 531310 538735 538735 538735 460721 460721 12300 0 12300 12300 12300 1059191 1152263 -93072 -93072 INSURANCE PROCEEDS 524298 480165 480165 OTHER INCOME 900099 47389 47389 527554 1450168 1078589 -93072 460721 154996 154996 183361 183361 58352 2813 55539 6987 6987 176418 170484 5934 2748 2748 463341 463341 349325 349325 152978 134989 17989 SUPPLIES & OPERATING EX 163058 145310 17748 GENERAL & ADMINISTRATIV 43647 41327 2320 BANK FEES 13170 10106 3064 DUES & MEMBERSHIPS 4352 4262 90 4038 1410 2628 1776771 1322134 454637 0 186213 6264969 16943252 98927 44636 81626 189821 72239 34991798 349325 15966245 34642473 19694 19580 15824719 1605258 49129944 42829708 8180749 1289968 16958990 17025334 19724630 19761375 813156 8206 7864 44872575 38897697 X 4245882 3920296 11487 11715 4257369 3932011 49129944 42829708 -326603 1245 0 X X 0 1 X 1 0 X 6156881 7646138 1541010 3930 15347959 1180361 1241609 92068 257995 273403 3045436 7337242 8887747 92068 1799005 277333 18393395 18393395 303444 393906 19783 326228 460721 1504082 19897477 0.92440 0.86790 X 2295000 2295000 32696798 349325 32347473 34642473 ANNUITY PAYMENT LIABILITY 7864 7864 2873149 1245 269473 1152263 1422981 1450168 0 1450168 3043511 269473 1152263 1421736 1621775 154996 154996 1776771 PART XI, LINE 2D - OTHER ADJUSTMENTS: UNRELATED BUSINESS INCOME REPORTED ON FORM 990-T 1,152,263. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS AND RELATED EXPENSES ALLOCABLE TO UBI REPORTED ON FORM 990-T 1,152,263. PART XII, LINE 4B - OTHER ADJUSTMENTS: ASSUMPTION OF GOLF COURSE LIABILITIES UPON TRASNFER OF OPERATION 154,996. 0 AUGUSTA UNIVERSITY 1120 15TH STREET AUGUSTA GA 30912 154996 0 ASSUMPTION OF GOLF COURSE LIABILITIES UPON TRANSFER OF OPERATION 0 0 0 0 0 0 0 0 0 DR RUSSELL KEEN EX-OFFICIO - VOTING 0 509183 0 2100 0 21650 0 0 0 0 0 532933 0 0 YVONNE TURNER EX-OFFICIO - VOTING 0 451328 0 0 0 0 0 0 0 0 0 451328 0 0 RON BOOTH EX-OFFICIO - NON-VOTING 0 277723 0 0 0 0 0 0 0 0 0 277723 0 0 JACK EVANS EX-OFFICIO - NON-VOTING 0 242069 0 0 0 13500 0 0 0 0 0 255569 0 0 MILDRED GARMON FORMER AVP FOR FOUNDATIONS & CFO AUF 0 169755 0 0 0 32885 0 0 0 0 0 202640 0 0 STEPHEN WERTZ EX-OFFICIO - NON-VOTING 0 197199 0 0 0 0 0 0 0 0 0 197199 0 0 BRANDON MCCRAY FORMER VP FOR DEVELOPMENT 0 170787 0 0 0 1885 0 0 0 0 0 172672 0 0 TINA BAGGOTT EX-OFFICIO - NON-VOTING 0 163848 0 0 0 0 0 0 0 0 0 163848 0 0 A DEVELOPMENT AUTHORITY OF AUGUSTA GEORGIA 521309430 05115CBP8 2023-10-26 20227603 THE BONDS WERE ISSUED TO CONSTRUCT A PARKING DECK 0 0 0 A 20227603 1891244 397046 17939313 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 FORM 990, PART III, LINE 3 AU JAGUAR FACILITIES DEVELOPMENT, LLC COMPLETED THE NEW $32M AU PARKING DECK ON 15TH STREET IN FEBRUARY 2025 TO SERVE THE NEEDS OF AU STUDENTS, FACULTY & STAFF. AU FOREST HILLS GOLF CLUB LLC ENTERED INTO A MANAGEMENT AGREEMENT WITH BOBBY JONES LINKS TO MANAGE THE GOLF CLUB UNDER THE DIRECTION OF AU FORM 990, PART VI, SECTION A, LINE 3 AU FOREST HILLS GOLF CLUB MANAGEMENT AGREEMENT WAS SIGNED ON 10/28/24. 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 AUGUSTA UNIVERSITY REAL ESTATE FOUNDATION'S GOVERNING BODY BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, EACH MEMBER OF THE BOARD AND EACH PRINCIPAL OFFICER IS REQUIRED TO SIGN A STATEMENT THAT AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY AND UNDERSTANDS THE FOUNDATION IS CHARITABLE AND, IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES. IN ADDITION, PERIODIC REVIEWS ARE CONDUCTED THAT ENSURE THE REASONABLENESS OF COMPENSATION AND BENEFITS AND ARE AT ARM'S LENGTH. ANY PARTNERSHIPS, JOINT VENTURES, OR ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS AND OUTSIDE EXPERTS ARE REVIEWED TO ENSURE THEY ARE PROPERLY RECORDED, CONFORM TO THE FOUNDATION'S WRITTEN POLICIES, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR AN EXCESS BENEFIT TRANSACTION. ANY DIRECTOR OR OFFICER SHALL DECLARE HIMSELF/HERSELF AS "ABSTAINING" FROM VOTING ON ANY MATTER IN WHICH SAID DIRECTOR OR OFFICER MAY BE CONSIDERED TO HAVE A CONFLICT OF INTEREST. 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. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED. AU JAGUAR FACILITIES DEVELOPMENT LLC 1120 15TH ST - AD - 1104 AUGUSTA GA 30912 352310573 TO MANAGE PARKING FACILITIES AND OTHER REAL PROPERTY FOR AU STUDENTS' USE GA 508649 38713033 AUGUSTA UNIVERSITY REAL ESTATE FOUDNATION INC AU FOREST HILLS GOLF CLUB 1120 15TH ST - HS3200/PAE AUGUSTA GA 30912 331708261 TO MANAGE FOREST HILLS GOLF CLUB TO ENHANCE AU PROGRAMS GA 2078213 1677669 AUGUSTA UNIVERSITY REAL ESTATE FOUDNATION INC AUGUSTA UNIVERSITY 1120 15TH ST - HS -3200 AUGUSTA GA 30912 586002053 EDUCATION GA 115(1) N/A 0 0 1 1 0 1 0 0 0 0 1 0 0 0 1 1 1 0 1 1 AUGUSTA UNIVERSITY C 273403 AUDITED FINANCIAL REPORT AUGUSTA UNIVERSITY J 12300 AUDITED FINANCIAL REPORT AUGUSTA UNIVERSITY O 273403 AUDITED FINANCIAL REPORT AUGUSTA UNIVERSITY C 16958990 AUDITED FINANCIAL REPORT