2024-11-08T09:33:49-06:00 2024-06-30 580692043 Mauldin & Jenkins LLC 200 Galleria Pkwy SE Ste 1700 Atlanta GA 303395946 990 2023-07-01 263332258 University of North Georgia Real Estate Foundation Inc UNIV 7068672401 82 College Circle Dahlonega GA 30597 James A Faulkner Treasurer / Secretary 7068672401 2024-11-04 1 1 Mary Jo Alexander P00002534 7709558600 2024-11-04 X 2023 2024-10-15 13:58:12Z James A Faulkner 82 College Circle Dahlonega GA 30597 6318343 0 X N/A X 2008 GA To acquire, lease, receive, accept, develop, manage, encumber, assign, sell, transfer and convey real property to be administered for charitable purposes by the University of North Georgia. 8 5 6 7 0 0 0 0 5987604 5860694 21593 45816 0 411243 6009197 6317753 593579 2225 0 0 0 0 0 0 0 4639889 5712427 5233468 5714652 775729 603101 131610420 127601089 114204573 109533426 17405847 18067663 X To acquire, lease, receive, accept, develop, manage, encumber, assign, sell, transfer and convey real property to be administered for charitable purposes by the University of North Georgia. 1 0 5687039 2225 5860694 Construction of parking deck, cadet housing, civilian housing and dining hall, bookstore, infirmary, administrative offices, academic classrooms, and renovation of cadet housing. 5687039 1 0 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 X 5 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 5 0 0 1 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 0 0 0 GA X Sherry Waddell 7068674593 82 College Circle Price Memorial Dahlonega GA 30597 X Mike Shannon Trustee 0.50 40.00 X 0 210255 46720 Jeff Tarnowski Trustee 0.50 40.00 X 0 179527 76618 Gerald Sullivan Administrative Officer 10.00 30.00 X 0 150465 71178 Derek Leonard Administrative Officer 10.00 30.00 X 0 77650 50172 Bob Mathews Chairman 1.00 0.00 X X 0 0 0 Gary Osley Vice Chairman 0.50 0.00 X X 0 0 0 James A Faulkner Treasurer/Secretary 1.00 4.00 X X 0 0 0 Mary Helen McGruder Trustee 0.50 4.00 X 0 0 0 Beth Baldwin Trustee 0.50 4.00 X 0 0 0 Dan O'Leary Trustee 0.50 0.00 X 0 0 0 Nick Massengill Trustee 0.50 4.00 X 0 0 0 James Shore Trustee 0.50 0.00 X 0 0 0 0 617897 244688 0 0 1 0 Conditioned Air Systems Inc 2410 Hilton Way SE Gainesville GA 30501 HVAC/Hot water repair and replacement 246528 Full Circle Restoration & Construction 4325 River Green Parkway Duluth GA 30096 Fire / flood restoration 196501 Northeast GA Carpet Inc 125 Appalachian Overlook Baldwin GA 30511 Carpet Replacement after flooding 113238 Tarkett USA Inc 30000 Aurora Rd Solon OH 44139 Carpet Materials 105150 4 Income from Direct Fin 900099 4286548 4286548 Rental Income 532000 1574146 1574146 5860694 46406 46406 590 -590 -590 -590 Reimbursed Repairs & M 900099 411243 411243 411243 6317753 5860694 0 457059 2225 2225 5900 5310 590 23788 23788 85635 85635 143 143 8342 8280 62 1530366 1530366 100 90 10 3377426 3377426 66484 66484 497142 493992 3150 Amortization of Bond Is 80093 80093 Regents Fees 36461 36461 Reimbursment 317 317 Licenses and Permits 230 217 13 5714652 5687039 27613 0 4558898 1953284 12877928 12427396 67535 411243 272921 354207 3202394 495150 2773727 2707244 3051313 111059411 106696402 131610420 127601089 176876 455726 546021 334024 110901697 106528007 2579979 2215669 114204573 109533426 X 17405847 18067663 17405847 18067663 131610420 127601089 603101 58715 0 X X 0 1 X 1 0 X X X 1 University of North Georgia 586002060 5 1 2225 0 1 2225 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 X 1 0 Sch A Part IV The purpose of the University of North Georgia Real Estate Foundation is to serve the needs and interest of the University of North Georgia (the "University") and to benefit and promote the well-being of its administration, faculty, staff, student body, and the people and communities served by the University; and to acquire, lease, receive, accept, develop, manage, encumber, assign, sell, transfer, and convey real property to be administered exclusively for charitable purposes for the benefit of the University. Part IV, Section A, Line 2: The University of North Georgia Real Estate Foundation is a supporting organization for the University of North Georgia ("UNG"). UNG is a public university, public-funded by the state of Georgia and under the supervision of the University System of Georgia. As such they are a division of government. 1621230 1621230 613614 322515 291099 36365 13176 23189 931185 159459 771726 2707244 Minimum Lease Payments Receivable 105006315 Tumbling Creek Land - For Sale 1628288 Right-of-use Asset 36799 CIP - Thompson Circle Lot 25000 106696402 Accrued Interest 2175604 Operating Lease Liability 40065 2215669 X 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. 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. 0 0 0 0 0 0 0 0 0 Mike Shannon Trustee 0 189655 0 20600 0 0 0 0 0 46720 0 256975 0 0 Jeff Tarnowski Trustee 0 179527 0 0 0 0 0 0 0 76618 0 256145 0 0 Gerald Sullivan Administrative Officer 0 150465 0 0 0 0 0 0 0 71178 0 221643 0 0 A Downtown Development Authority City Of Dahlonega 873727709 23378RFR2 2017-12-21 88020000 Refund Series 2009 & Series 2010 to receive savings benefit 0 0 0 B Downtown Development Authority City Of Dahlonega 208485320 23378RDC7 2016-11-17 6870000 Construct Parking Deck 0 0 0 C Downtown Development Authority City Of Dahlonega 208485320 23378RDC6 2016-11-17 24075000 Refund Series 2007A & fund cost of issuance fees 0 0 0 A 10100000 98692095 5209783 778918 2012 1 1 1 1 B 1010000 7159916 235129 179544 105014 7125349 2017 0 0 1 1 C 5855000 26225751 1003463 411146 2008 1 1 1 1 A 1 0 1 0 0 0.02500 0.02500 1 0 1 B 1 0 0 0 1 0 1 C 1 0 0 0 1 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 A 1 B 1 C 1 Form 990, Part III, line 2 Dining Hall Renovations Form 990 Part I Line 5 University of North Georgia Real Estate Foundation has 4 individuals performing employment services for the organization. These individuals are compensated by and reported on the payroll of University of North Georgia, EIN #58-6002060. Form 990, Part VI, Section A, line 4 Update of bylaws, to allow the board to go into executive session during real estate meetings. Form 990, Part VI, Section B, line 11b After the 990 has been reviewed by the Board and approved by the Board (or its designated committee), it is filed with the IRS. Form 990, Part VI, Section B, line 12c Each Board Trustee is required to complete and sign a conflict of interest questionnaire annually. Form 990, Part VI, Section C, line 19 Documents are available upon request. Form 990 Part VII Trustees Mike Shannon, Jeff Tarnowski and James Shore are employees of the supported organization, University of North Georgia. Form 990 Part XII line 2c There have been no changes from the prior year in the auditor selection process, nor financial statement oversight process. Form 990 Part V line 2a The University of North Georgia Real Estate Foundation, Inc. utilizes the services of University employees on a part-time basis. These individuals are reported on the University's payroll. Their compensation is determined by University officials. The University is not reimbursed for their part-time services. Four University employees perform services for the University of North Georgia Real Estate Foundation, Inc. North Georgia PHD LLC 82 College Circle Chestatee Bldg Su Dahlonega GA 30597 270646547 Financing and Construction of Facilities GA N/A North Georgia MBA LLC 82 College Circle Chestatee Bldg Su Dahlonega GA 30597 273565503 Financing and Construction of Facilities GA N/A Pilgrim Mill Center LLC 82 College Circle Chestatee Bldg Su Dahlonega GA 30597 453755648 Financing and Construction of Facilities GA N/A North Georgia Parking & Recreation Center 82 College Circle Chestatee Bldg Su Dahlonega GA 30597 208485320 Financing and Construction of Facilities GA N/A GSC Foundation Real Estate Holding Company 82 College Circle Chestatee Bldg Su Dahlonega GA 30597 263748769 Financing and Construction of Facilities GA N/A North Georgia MAC LLC 82 College Circle Chestatee Bldg Su dahlonega GA 30597 823727709 Financing and Construction of Facilities GA N/A University of North Georgia 82 College Circle Dahlonega GA 30597 586002060 Higher Education GA Public University State of Georgia 0 University of North Georgia Foundation - Dahlonega Inc PO Box 1599 Dahlonega GA 30533 237066297 Support University of North Georgia GA 501(c)(3) N/A 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1