2024-05-10T00:21:32-05:00 2023-06-30 560571159 BERNARD ROBINSON & COMPANY LLP PO BOX 19608 GREENSBORO NC 274199608 990 2022-07-01 561929013 EAST CAROLINA UNIVERSITY REAL ESTATE FOUNDATION INC EAST 2527374811 2200 S CHARLES BLVD 1100 GREENVILLE NC 27858 CHRISTOPHER M DYBA PRESIDENT 2527374811 2024-05-09 1 CHRISTOPHER DYBA 999009999 0 JOHN M ROBINSON P01281319 3362944494 2024-05-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHRISTOPHER M DYBA 2200 S CHARLES BLVD 1100 GREENVILLE NC 27858 1020980 0 X HTTP://WWW.ECU.EDU/GIVE X 1995 NC THE MISSION OF THE EAST CAROLINA UNIVERSITY REAL ESTATE FOUNDATION IS TO OWN, MANAGE, LEASE, AND SELL REAL ESTATE PROPERTY EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES FOR THE BENEFIT OF EAST CAROLINA UNIVERSITY AND EAST CAROLINA UNIVERSITY FOUNDATION, INC. 9 6 0 6 0 0 0 591991 0 0 0 2241 192099 154761 192099 748993 0 0 0 0 0 0 0 0 0 5433 7900 5433 7900 186666 741093 5666590 5380429 2184337 1646217 3482253 3734212 THE MISSION OF THE EAST CAROLINA UNIVERSITY REAL ESTATE FOUNDATION IS TO OWN, MANAGE, LEASE, AND SELL REAL ESTATE PROPERTY EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES FOR THE BENEFIT OF EAST CAROLINA UNIVERSITY AND EAST CAROLINA UNIVERSITY FOUNDATION, INC. 0 0 3850 THE ECU REAL ESTATE FOUNDATION OWNS, MANAGES, LEASES, AND SELLS REAL ESTATE PROPERTY EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES FOR THE BENEFIT OF EAST CAROLINA UNIVERSITY AND EAST CAROLINA UNIVERSITY FOUNDATION, INC. 3850 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X X BRITTANY STOCKSTILL 2527374811 2200 SOUTH CHARLES BVLD 2207 GREENVILLE NC 27858 CHRISTOPHER DYBA PRESIDENT 1.00 40.00 X X 0 318146 91458 STEPHANIE COLEMAN TREASURER 1.00 40.00 X X 0 286332 84494 STEVE R JONES CHAIR 1.00 X X 0 0 0 SCOTT DIGGS VICE CHAIR 1.00 X X 0 0 0 JULIAN W RAWL ASSISTANT SECRETARY 1.00 X X 0 0 0 PHILIP ROGERS DIRECTOR 1.00 40.00 X 0 424120 248226 BURNEY S WARREN DIRECTOR 1.00 X 0 0 0 MATTHEW H SLATE DIRECTOR 1.00 X 0 0 0 KARA B BLOUNT DIRECTOR 1.00 X 0 0 0 0 1028598 424178 0 0 1 0 0 591991 591991 591991 2241 2241 419064 271987 147077 147077 147077 MISCELLANEOUS INCOME 900099 7684 7684 7684 748993 0 0 157002 4050 4050 BANK FEES 3850 3850 7900 3850 4050 0 250000 252241 661327 678950 6539 7268 4131866 966425 3491474 3165441 1257250 1276529 5666590 5380429 6222 3167 1425992 1232958 752123 410092 2184337 1646217 X 2346255 2627348 1135998 1106864 3482253 3734212 5666590 5380429 X 741093 -489134 X 0 1 X 1 0 X X 2 EAST CAROLINA UNIVERSITY 566000403 6 1 0 0 EAST CAROLINA UNIVERSITY FOUNDATION 566093187 5 1 0 0 2 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 PART IV, SECTION A, LINE 2 EAST CAROLINA UNIVERSITY, A SUPPORTED ORGANIZATION, IS A COMPONENT UNIT OF THE STATE OF NORTH CAROLINA AND OPERATES AS A PUBLIC EDUCATIONAL INSTITUTION OF THE MULTI-CAMPUS UNIVERSITY OF NORTH CAROLINA SYSTEM. PART IV, SECTION D, LINE 3 EAST CAROLINA UNIVERSITY FOUNDATION, INC. BOARD MEMBERS WITH REAL ESTATE EXPERTISE ARE APPOINTED TO SERVE ON THE BOARD OF THE EAST CAROLINA REAL ESTATE FOUNDATION, INC. THIS INCLUDES MULTIPLE BOARD MEMBERS OF EAST CAROLINA UNIVERSITY FOUNDATION, INC. THAT SERVE IN AN EX-OFFICIO CAPACITY BASED ON THEIR POSITION WITH EAST CAROLINA UNIVERSITY. PART IV, SECTION E, LINE 2A THE MISSION OF THE EAST CAROLINA UNIVERSITY REAL ESTATE FOUNDATION, INC. IS TO OWN, MANAGE, LEASE, AND SELL REAL ESTATE PROPERTY EXCLUSIVELY FOR THE CHARITABLE AND EDUCATIONAL PURPOSES FOR THE BENEFIT OF EAST CAROLINA UNIVERSITY (A GOVERNMENTAL ENTITY) AND EAST CAROLINA UNIVERSITY FOUNDATION, INC. PART IV, SECTION E, LINE 2B THE MISSION OF THE EAST CAROLINA UNIVERSITY REAL ESTATE FOUNDATION, INC. IS TO OWN, MANAGE, LEASE, AND SELL REAL ESTATE PROPERTY EXCLUSIVELY FOR THE CHARITABLE AND EDUCATIONAL PURPOSES FOR THE BENEFIT OF EAST CAROLINA UNIVERSITY (A GOVERNMENTAL ENTITY) AND EAST CAROLINA UNIVERSITY FOUNDATION, INC. EAST CAROLINA UNIVERSITY REAL ESTATE FOUNDATION, INC. ALLOWS FOR GREATER FLEXIBILITY IN REAL ESTATE TRANSACTIONS THAN EAST CAROLINA UNIVERSITY WOULD OTHERWISE BE ALLOWED BY STATE STATUTE, WHILE SIMULTANEOUSLY NOT SUBJECTING THE EAST CAROLINA UNIVERSITY FOUNDATION, INC. TO THE POTENTIAL DIFFICULTIES TYPICALLY ASSOCIATED WITH PROPERTY TRANSACTIONS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1712499 1712499 2419367 966425 1452942 3165441 ASSETS HELD IN CHARITABLE REMAINDER TRUSTS 71142 PROPERTY HELD SUBJECT TO LIFE ESTATES 1205387 1276529 DUE TO AFFILIATES 255547 LIABILITIES UNDER CRT 32241 LIFE ESTATE USE INTEREST 122304 410092 X PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. AT JUNE 30, 2023 AND 2022, THE FOUNDATION HAS NOT RECORDED ANY TAX LIABILITIES. THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. 0 0 0 0 0 0 0 0 0 PHILIP ROGERS DIRECTOR 0 410987 0 0 0 13133 0 40081 0 208145 0 672346 0 0 CHRISTOPHER DYBA PRESIDENT 0 306975 0 0 0 11171 0 74105 0 17353 0 409604 0 0 STEPHANIE COLEMAN TREASURER 0 285612 0 0 0 720 0 70851 0 13643 0 370826 0 0 COMPENSATION FROM RELATED ORGANIZATIONS EAST CAROLINA UNIVERSITY PROVIDES COMPENSATION FOR ITS EMPLOYEES WHO SERVE THE EAST CAROLINA UNIVERSITY REAL ESTATE FOUNDATION, INC. THE UNIVERSITY'S HUMAN RESOURCES DEPARTMENT MANAGES THE COMPENSATION DETERMINATION PROCESS. X 3 591991 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: THE ORGANIZATION HIRES THIRD PARTIES TO SELL GIFTS OF DONATED SECURITIES, JEWELRY, ART, OR OTHER NON-CASH CONTRIBUTIONS FOR WHICH AN INDUSTRY EXPERTISE IS REQUIRED. FORM 990, PART VI, SECTION B, LINE 11B EAST CAROLINA UNIVERSITY REAL ESTATE FOUNDATION PROVIDES MEMBERS OF THE BOARD OF DIRECTORS WITH A LINK TO A PASSWORD-PROTECTED SITE THAT CONTAINS A DRAFT OF THE FORM 990. THE DIRECTORS ARE NOTIFIED OF THE DRAFT'S AVAILABILITY VIA EMAIL. ECU FOUNDATION, INC'S AUDIT COMMITTEE, WHICH INCLUDES REPRESENTATION FROM ECU REAL ESTATE FOUNDATION, INC., REVIEWED THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS MUST ANNUALLY DISCLOSE ALL POSSIBLE CONFLICTS OF INTEREST. BOARD MEMBERS MUST RECUSE THEMSELVES FROM VOTING ON ISSUES WHERE A CONFLICT MAY ARISE. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION OFFICERS AND KEY EMPLOYEES ARE PAID THROUGH EAST CAROLINA UNIVERSITY. THE UNIVERSITY HUMAN RESOURCES DEPARTMENT MANAGES THE COMPENSATION DETERMINATION PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE BOARD HAS ADOPTED A POLICY OF TRANSPARENCY. IN KEEPING WITH THAT POLICY THE FOUNDATION POSTS GOVERNING DOCUMENTS, POLICIES, FINANCIAL STATEMENTS, FORMS 990, AND OTHER DOCUMENTS ON ITS WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST -29,134. REVALUATION OF REAL ESTATE -460,000. EAST CAROLINA UNIVERSITY FOUNDATION 2200 SOUTH CHARLES BLVD 1100 GREENVILLE NC 27858 566093187 SUPPORT OF EAST CAROLINA UNIVERSITY NC 501(C)(3) LINE 5 N/A 0 EAST CAROLINA UNIVERSITY EAST FIFTH STREET GREENVILLE NC 27858 566000403 EDUCATIONAL INSTITUTION - PUBLIC NC N/A 0 GREEN TOWN PROPERTIES INC 2200 SOUTH CHARLES BLVD GREENVILLE NC 27858 460691193 PURCHASE REAL ESTATE FOR BENEFIT OF ECU NC 501(C)(3) LINE 12C, III-FI EAST CAROLINA UNIVERSITY FOUNDATION INC 0 CHARITABLE REMAINDER UNITRUST TRUST NC ECU REAL ESTATE FOUNDATION T 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 EAST CAROLINA UNIVERSITY J 419064 CASH RECEIVED EAST CAROLINA UNIVERSITY FOUNDATION E 1232958 OUTSTANDING LOAN BALANCE