2024-04-29T10:39:53-05:00 2023-06-30 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2022-07-01 562452076 UWG REAL ESTATE FOUNDATION INC UWGR 6788396447 1601 MAPLE STREET CARROLLTON GA 30118 DAN STEPHENS AVP, CFO, CEO 6788396447 2024-04-25 1 DAN STEPHENS XXX-XX-XXXX 1 MARY JO ALEXANDER P00002534 7709558600 2024-04-25 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z MR SCOTT KAUFMAN 1601 MAPLE STREET CARROLLTON GA 30118 7001690 0 X WWW.WESTGA.EDU/GIVE/REAL-ESTATE-FOUNDATION X 2004 GA THE FOUNDATION PROVIDES STUDENT HOUSING AND FACILITIES FOR USE BY THE UNIVERSITY OF WEST GEORGIA. 6 6 6 6 0 0 0 0 5790699 5588369 125956 460027 0 364921 5916655 6413317 0 2619322 0 0 0 0 0 0 0 5125966 4361338 5125966 6980660 790689 -567343 116573411 113875145 108072880 102976066 8500531 10899079 THE UWG REAL ESTATE FOUNDATION'S MISSION IS TO CONSTRUCT AND MANAGE CAMPUS FACILITIES AND STUDENT HOUSING THAT SUPPORTS ACADEMIC EXCELLENCE AND ENHANCES STUDENT EXPERIENCES AT THE UNIVERSITY OF WEST GEORGIA. 0 0 4255207 509795 THE UWG REAL ESTATE FOUNDATION PROVIDES QUALITY STUDENT HOUSING PROPERTIES THAT OFFER UNIVERSITY STUDENTS CLOSE PROXIMITY TO CLASSES, AMPLE STUDY AND SOCIALIZING SPACES, SECURITY, AND CONVENIENCES OF HOME. 2657407 2619322 5078574 THE UWG REAL ESTATE FOUNDATION PROVIDES QUALITY CAMPUS FACILITIES TO THE UNIVERSITY OF WEST GEORGIA PROMOTING STUDENTS AND COMMUNITY ENGAGEMENT IN SAFE, SECURE, AND ENJOYABLE SPACES. 6912614 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 X 0 0 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 GA X X THE ORGANIZATION 6788396447 1601 MAPLE STREET CARROLLTON GA 30118 DR MEREDITH BRUNEN CEO 2.00 38.00 X 0 216266 36544 HOLLY SAILERS CFO UWG FOUNDATIONS 8.00 32.00 X 0 104721 29304 SCOTT KAUFFMAN CHAIRMAN 0.10 X X 0 0 0 JOSH CHAPMAN VICE CHAIRMAN & TREASURER 0.10 X X 0 0 0 GARY KINARD SECRETARY 0.10 X X 0 0 0 MARY TRITT BOARD MEMBER 0.10 X 0 0 0 ALEX ROUSH BOARD MEMBER 0.10 X 0 0 0 JOHN PAULK BOARD MEMBER 0.10 X 0 0 0 0 320987 65848 0 0 1 0 WEST GEORGIA RESOURCES PO BOX 767 CARROLLTON GA 30112 CONSTRUCTION 466500 GARBUTT CONSTRUCTION COMPANY 212 SOUTH CALHOUN STREET DUBLIN GA 31021 CONSTRUCTION 408329 TOPS SERVICES INC 28 CLOCK RD CARROLLTON GA 30116 CONSTRUCTION 297492 SERVPRO OF CARROLLTON PO BOX 1531 DOUGLASVILLE GA 30113 CONSTRUCTION 260269 DAIKEN APPLIED 24827 NETWORK PLACE CHICAGO IL 60673 HVAC SERVICE 188640 6 INTEREST ON LEASING IN 532000 5078574 5078574 LEASING INCOME 532000 509795 509795 5588369 389934 389934 658466 588373 70093 70093 70093 INSURANCE PROCEEDS 900099 364921 364921 364921 6413317 5588369 0 824948 2619322 2619322 105 105 32345 32345 64105 38085 26020 248 248 4255207 4255207 9328 9328 6980660 6912614 68046 0 10494221 443462 197463 104785550 101498998 1096177 1191168 0 10741517 116573411 113875145 1026047 1809929 107046833 100247829 0 918308 108072880 102976066 X 8500531 10899079 8500531 10899079 116573411 113875145 X -567343 1212 2964679 0 X X 0 1 X 1 0 X X 1 UNIVERSITY OF WEST GEORGIA 586002055 6 1 2619322 0 1 2619322 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 X 1 1 PART IV, SECTION A, LINE 2: UNIVERSITY OF WEST GEORGIA IS NOT REQUIRED TO OBTAIN RECOGNITION OF ITS PUBLIC CHARITY STATUS BECAUSE IT IS A STATE UNIVERSITY. PART IV, SECTION D, LINE 2: CERTAIN OFFICERS OF THE UNIVERSITY, BY NATURE OF THEIR POSITION, ARE DESIGNATED AS EX-OFFICIO ADVISORS OF THE FOUNDATION'S GOVERNING BOARD. THESE OFFICERS INCLUDE THE CHIEF ADVANCEMENT OFFICER, CHIEF ADMINISTRATIVE OFFICER, CHIEF BUSINESS AND FINANCE OFFICER, AND THE CHIEF STUDENT SERVICES OFFICER. HAVING THESE OFFICERS AS EX-OFFICIO MEMBERS OF THE GOVERNING BODY ENSURES THAT THE FOUNDATION AND UNIVERSITY MAINTAIN A CLOSE AND CONTINUOUS WORKING RELATIONSHIP. PART IV, SECTION D, LINE 3: THE EX-OFFICIO MEMBERS PROVIDE A SIGNIFICANT VOICE IN THE INVESTMENT POLICIES OF THE TAXPAYER. THE TIMING OF AND MANNER OF MAKING GRANTS, AND THE OVERALL DIRECTION OF THE USE OF INCOME AND/OR ASSETS OF THE FOUNDATION SINCE THEY ARE OFFICERS OF THE SUPPORTED ORGANIZATION AND CAN INFORM THE GOVERNING BOARD OF THE NEEDS OF THE UNIVERSITY. PART IV, SECTION E, LINE 2A: THE UWG REAL ESTATE FOUNDATION, INC. SUPPORTED THE UNIVERSITY OF WEST GEORGIA BY PROVIDING STUDENT HOUSING AND FACILITIES FOR USE BY THE UNIVERSITY. THIS ENCOMPASSES SUBSTANTIALLY ALL OF THE FOUNDATION'S ACTIVITIES AS EVIDENCED BY THE RECEIPTS AND EXPENDITURES OF THE FOUNDATION. OFFICERS OF THE UNIVERSITY ACT IN AN EX-OFFICIO, ADVISORY CAPACITY AND DO NOT VOTE ON MATTERS PRESENTED TO THE GOVERNING BOARD. THIS ENSURES THAT THE SUPPORTED AND SUPPORTING ORGANIZATIONS MAINTAIN A CLOSE AND CONTINUOUS WORKING RELATIONSHIP. ADDITIONALLY, THESE EX-OFFICIO MEMBERS PROVIDE A SIGNIFICANT VOICE IN THE INVESTMENT POLICIES OF THE TAXPAYER, THE TIMING OF AND MANNER OF MAKING GRANTS, AND THE OVERALL DIRECTION OF THE USE OF INCOME AND/OR ASSETS OF THE SUPPORTING ORGANIZATION. PART IV, SECTION E, LINE 2B: THE FOUNDATION'S ACTIVITIES OF PROVIDING HOUSING AND FACILITIES TO STUDENTS WOULD HAVE BEEN UNDERTAKEN BY THE UNIVERSITY BUT FOR THE INVOLVEMENT BY THE FOUNDATION. 0 ASSETS LIMITED AS TO USE 10741517 10741517 ACCRUED INTEREST PAYABLE 918308 918308 X 6534958 1212 120429 121641 6413317 0 6413317 7101089 120429 120429 6980660 0 6980660 PART X, LINE 2: 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. UWG CAMPUS CENTER, LLC, UWG ATHLETIC COMPLEX, LLC, ROBERTS FIELD, LLC AND UWG PHASE II, LLC ARE TREATED AS A SINGLE MEMBER LLCS FOR FEDERAL AND STATE INCOME TAX PURPOSES. SINCE THE REAL ESTATE FOUNDATION IS THE SOLE MEMBER OF UWG CAMPUS CENTER, LLC, UWG ATHLETIC COMPLEX, LLC, ROBERTS FIELD, LLC AND UWG PHASE II, LLC, ALL INCOME, LOSSES, AND CREDITS FOR THE LLCS ARE REPORTED ON THE REAL ESTATE FOUNDATION'S INCOME TAX RETURNS. 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. THE REAL ESTATE FOUNDATION FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF GEORGIA. THE REAL ESTATE FOUNDATION HAS NO UNCERTAIN TAX LIABILITIES. 1 UNIVERSITY OF WEST GEORGIA 1903 MAPLE STREET CARROLLTON GA 30118 586002055 2619322 0 OPERATIONAL SUPPORT 1 0 0 0 0 0 0 0 0 0 0 DR MEREDITH BRUNEN CEO 0 216266 0 0 0 0 0 20213 0 16331 0 252810 0 0 A CARROLLTON PAYROLL DEVELOPMENT 521375132 145339HP5 2011-10-01 26410000 ROBERTS FIELD 0 0 0 B CARROLLTON PAYROLL DEVELOPMENT 521375132 145339JS7 2012-04-01 3780000 ATHLETIC COMPLEX 0 0 0 C CARROLLTON PAYROLL DEVELOPMENT 521375132 145339LE5 2012-08-02 18925000 CAMPUS CENTER 0 0 0 D CARROLLTON PAYROLL DEVELOPMENT 521375132 145339KG1 2012-07-17 43690000 PHASE II 0 0 0 A 5420000 25984352 833158 1473454 499545 312407 24339578 2013 0 0 1 1 B 1070000 3711679 237961 112539 74233 40830 3213278 2013 0 0 1 1 C 6510000 20238715 1092441 289551 181803 19767361 2006 0 1 1 1 D 9140000 45520280 1388191 2886278 643980 527673 39890961 2014 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CARROLLTON PAYROLL DEVELOPMENT DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2022 ISSUER NAME: CARROLLTON PAYROLL DEVELOPMENT DATE THE REBATE COMPUTATION WAS PERFORMED: 04/12/2022 ISSUER NAME: CARROLLTON PAYROLL DEVELOPMENT DATE THE REBATE COMPUTATION WAS PERFORMED: 08/02/2022 ISSUER NAME: CARROLLTON PAYROLL DEVELOPMENT DATE THE REBATE COMPUTATION WAS PERFORMED: 07/17/2022 ISSUER NAME: CARROLLTON PAYROLL DEVELOPMENT DATE THE REBATE COMPUTATION WAS PERFORMED: 12/18/2019 ISSUER NAME: CARROLLTON PAYROLL DEVELOPMENT DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2022 SCHEDULE K PART II FACTORS THAT RESULTED IN THE PAR VALUE VARYING FROM THE TOTAL PROCEEDS FROM ISSUE FOR ALL BOND ISSUES ARE THAT THE COST OF THE BOND INSURANCE PREMIUM WAS INCLUDED IN THE COST OF ISSUANCE AND EACH BOND HAD AN UNDERWRITERS DISCOUNT ASSOCIATED WITH THEM. A CARROLLTON PAYROLL DEVELOPMENT 521375132 145339LR6 2014-12-18 27660000 ATHLETIC COMPLEX 0 0 0 B CARROLLTON PAYROLL DEVELOPMENT 521375132 145339MG9 2014-12-18 8175000 CAMPUS CENTER 0 0 0 A 3545000 30364079 444964 106400 29812600 2009 0 1 1 1 B 1290000 10082115 147669 30796 8878793 2006 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 FORM 990 PART I LINE 5 AND PART V LINE 2A AND 2B THE UNIVERSITY OF WEST GEORGIA, (THE "UNIVERSITY") EIN 58-6002055, A RELATED ORGANIZATION, IS THE PAYMASTER FOR ALL UNIVERSITY OF WEST GEORGIA REAL ESTATE FOUNDATION, (THE "FOUNDATION") EMPLOYEES. THE FOUNDATION REIMBURSES THE UNIVERSITY FOR THE COMPENSATION OF SIX INDIVIDUALS, TWO WHO PROVIDE FULL-TIME SERVICES AND FOUR WHO PROVIDE PART-TIME SERVICES TO THE FOUNDATION. FOR THE YEAR ENDED JUNE 30, 2023 DONATED SALARIES AND BENEFITS TOTALED $114,561. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEW THE FORM 990 PRIOR TO BOARD MEETING, AND THEN APPROVE AT BOARD MEETING AFTER REVIEW AND DISCUSSION. FORM 990, PART VI, SECTION B, LINE 12C EVERY BOARD MEMBER MUST COMPLETE A CONFLICT OF INTEREST FORM ANNUALLY, AND DISCLOSE IF THEY HAVE A CONFLICT OF INTEREST PURSUANT TO THE FOUNDATION'S POLICY. FORM 990, PART VI, SECTION C, LINE 19 POLICIES, FINANCIALS, AND FORM 990S ARE ACCESSIBLE VIA THE FOUNDATION'S WEBSITE AND CAN ALSO BE REQUESTED. FORM 990, PART XII, LINE 2C: FOR THE YEAR ENDED JUNE 30, 2023, THE FOUNDATION CHANGED AUDITORS. FORM 990, PART XI, LINE 8 THE CONSOLIDATED FINANCIAL STATEMENTS WERE ADJUSTED FOR THE YEAR ENDED JUNE 30, 2022 TO REFLECT THE RENTAL AGREEMENTS ENTERED INTO WITH THE UNIVERSITY OF WEST GEORGIA AND THE UNIVERSITY SYSTEM OF GEORGIA'S BOARD OF REGENTS AS DIRECT FINANCING LEASES BY USING ACTUAL CONSTRUCTION COSTS AT THE TIME OF LEASE INCEPTION. THIS ADJUSTMENT HAD THE EFFECT OF INCREASING DIRECT FINANCING LEASES AND NET ASSETS WITHOUT DONOR RESTRICTIONS BY $391,532 AT JUNE 30, 2022. THE CONSOLIDATED FINANCIAL STATEMENTS WERE ADJUSTED FOR THE YEAR ENDED JUNE 30, 2022 TO AMORTIZE THE BOND ISSUANCE PREMIUMS (DISCOUNTS) USING THE EFFECTIVE INTEREST METHOD FOR EACH SERIAL BOND AND COUPON BOND WITHIN THE BOND SERIES ISSUANCES. THIS ADJUSTMENT HAD THE EFFECT OF DECREASING BONDS PAYABLE AND INCREASING NET ASSETS WITHOUT DONOR RESTRICTIONS BY $2,573,147 AT JUNE 30, 2022. UWG CAMPUS CENTER LLC 1601 MAPLE STREET CARROLLTON GA 30118 562452076 LEASING GA 1109400 23364202 UWG REAL ESTATE FOUNDATION UWG ATHLETIC COMPLEX LLC 1601 MAPLE STREET CARROLLTON GA 30118 562452076 LEASING GA 1503649 28024980 UWG REAL ESTATE FOUNDATION ROBERTS FIELD LLC 1601 MAPLE STREET CARROLLTON GA 30118 562452076 LEASING GA 1334120 23221112 UWG REAL ESTATE FOUNDATION UWG PHASE II LLC 1601 MAPLE STREET CARROLLTON GA 30118 562452076 LEASING GA 2372259 37630221 UWG REAL ESTATE FOUNDATION UNIVERSITY OF WEST GEORGIA 1601 MAPLE STREET CARROLLTON GA 30118 586002055 EDUCATION GA IRC SEC 115 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0