2026-03-25T15:12:16+00:00 2025-06-30 440160260 Forvis Mazars LLP 312 Walnut Street Suite 3000 Cincinnati OH 45202 990 2024-07-01 271560344 Centennial Falcon Properties Inc CENT 4193728262 230 McFall Center Bowling Green OH 43403 Casey Wyman CFO/VP Finance & Administration 4193728262 2026-03-25 true Aaron Hershberger P00961884 5136218300 2026-02-20 2024 2025-03-06 01:10:19Z Casey Wyman 230 McFall Center Bowling Green OH 43403 1005530 false X N/A X 2009 OH TO ACQUIRE, DEVELOP AND MAINTAIN PROPERTY TO BE UTILIZED FOR UNIVERSITY PURPOSES. 5 1 0 1 0 0 1000000 0 0 6650 5530 0 0 6650 1005530 0 0 0 0 0 0 0 0 0 732504 714856 732504 714856 -725854 290674 13193166 13483840 8763818 8167018 4429348 5316822 THE MISSION OF CENTENNIAL FALCON PROPERTIES, INC (THE "CORPORATION") IS TO PROVIDE VARIOUS BUILDINGS AND FACILITIES TO THE STUDENTS, FACULTY AND STAFF OF BOWLING GREEN STATE UNIVERSITY (THE "UNIVERSITY") TO ENHANCE THE LIVING AND LEARNING ENVIRONMENT AND INTERACTION OF THE UNIVERSITY COMMUNITY. SPECIFICALLY, THE CORPORATION WILL SEEK TO BUILD AND/OR REFURBISH HOUSING, RESEARCH, CLASSROOM, AND ADMINISTRATIVE FACILITIES, AND DINING, BOOKSTORE, PARKING, AND OTHER AUXILIARY FACILITIES IN AND AROUND THE UNIVERSITY COMMUNITY. false false 694745 0 0 TWO-BUILDING FULL SERVICE CAMPUS DINING FACILITIES, THE OAKS AND CARILLON PLACE, OPENED AUGUST 19, 2011. FOR YEAR ENDING JUNE 30, 2025, THERE WERE APPROXIMATELY 650,379 MEALS SERVED TO STUDENTS, FACULTY AND STAFF. IN-KIND SUPPORT REVENUE RECEIVED FROM BOWLING GREEN STATE UNIVERSITY RELATED TO DINING OPERATIONS WAS $596,800. SEE SCHEDULE O EXPLANATION FOR PART XI, LINE 9 FOR ADDITIONAL DETAILS. 694745 true true false false false false false false false false true false false false false true false true false false false false false false false false false false false true false false false false false false false false false false false false false false true true false false false false true 0 0 0 false false false false false false false false false false false false X 5 1 false false false false false false false true true false false false true true true true true true false false false false X Casey Wyman 4193728262 230 MCFALL CENTER BOWLING GREEN OH 43403 NATALIE JACKSON SECRETARTY/TREASURER 0.3 40.0 X X 0 244848 76793 RODNEY ROGERS PRESIDENT 0.3 40.0 X X 0 607488 302614 SHERIDEEN STOLL CFO/VP Finance & Administration 0.5 40.0 X X 0 353518 77362 C RAY MULLINS DIRECTOR 0.3 0.0 X 0 0 0 GLENN DAVIS DIRECTOR 0.3 40.0 X 0 272714 71334 0 1478568 528103 0 false true false 0 0 0 0 1000000 0 0 0 1000000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5530 0 0 5530 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1005530 0 0 5530 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 20111 0 20111 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11557 11557 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 683188 683188 0 0 0 0 0 0 0 0 0 0 714856 694745 20111 0 499131 622340 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 24588038 11748095 12622995 12839943 0 56040 21557 0 0 0 15000 0 13193166 13483840 0 0 0 0 0 0 0 0 0 0 0 0 0 8763818 8167018 0 0 8763818 8167018 X 4429348 5316822 0 0 0 0 0 0 0 0 4429348 5316822 13193166 13483840 X 290674 0 0 0 0 596800 X false true true false X X X 1 Bowling Green State University 346402018 2 true 0 0 1 0 0 true false false false false false false false false false false false false false false true RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 3546500 3546500 0 19925964 10665785 9260179 0 0 0 0 0 686862 686862 0 0 428712 395448 33264 12839943 0 X 1609142 0 603612 0 0 603612 1005530 0 0 0 1005530 721668 6812 0 0 0 6812 714856 0 0 0 714856 Schedule D, Part XI, Line 2(b) Donated services and use of facilities IN-KIND SUPPORT FROM BOWLING GREEN STATE UNIVERSITY: $603,612 Schedule D, Part XII, Line 2(a) Donated services and use of facilities In-Kind Expenses: $6,812 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Corporation has been granted tax exempt status under Section 501(a)(3) of the Internal Revenue Code (the "Code") as an organization described in Section 509(a)(c) whereby only unrelated business income, as defined by Section 512(a)(1) of the Code, is subject to federal income tax. The Corporation had no significant unrelated business taxable income during fiscal year 2025; accordingly, no provision or benefit for income taxes has been included in the accompanying consolidated financial statements. Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Corporation and recognize a tax liability if the Corporation has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS or other applicable taxing authorities. Management has analyzed the tax positions taken by the Corporation and has concluded that as of June 30, 2025 there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the consolidated financial statements. The Corporation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. false true false false false false false false false RODNEY ROGERS PRESIDENT 0 526144 0 79000 0 2344 0 288861 0 13753 0 910102 0 0 SHERIDEEN STOLL CFO/VP Finance & Administration 0 352924 0 0 0 594 0 49925 0 27437 0 430880 0 0 NATALIE JACKSON SECRETARTY/TREASURER 0 244713 0 0 0 135 0 35741 0 41052 0 321641 0 0 GLENN DAVIS DIRECTOR 0 272507 0 0 0 207 0 38954 0 32380 0 344048 0 0 Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan DR. RODNEY ROGERS, UNIVERSITY PRESIDENT, PARTICIPATES IN BOWLING GREEN STATE UNIVERSITY'S NONQUALIFIED DEFERRED COMPENSATION ARRANGEMENT OR SECTION 457(F) PLAN. AT THE END OF EACH CONTRACT YEAR COMMENCING ON JANUARY 1, 2018 AND ENDING WITH THE CONTRACT YEAR COMMENCING ON JUNE 30, 2023 AND AS EXTENDED THROUGH JUNE 30, 2028 PER RESOLUTION OF THE BOARD OF TRUSTEES, AN AMOUNT EQUAL TO A PERCENTAGE, AS DETERMINED BY THE BOARD OF TRUSTEES, OF DR. ROGERS' BASE SALARY WILL BE CONTRIBUTED TO THE DEFERRED COMPENSATION ACCOUNT IN ADDITION TO ANY OTHER AMOUNTS APPROVED BY THE BOARD OF TRUSTEES. IF ROGERS IS TERMINATED DURING A CONTRACT YEAR, ROGERS' ACCOUNT SHALL BE CREDITED WITH AN AMOUNT EQUAL TO TWENTY PERCENT (20%) OF ROGERS' BASE SALARY FOR SUCH CONTRACT YEAR, DIVIDED BY TWELVE (12) AND MULTIPLIED BY THE NUMBER OF MONTHS OF THE CONTRACT YEAR THAT ROGERS WAS EMPLOYED AS THE BGSU PRESIDENT ON THE LAST DAY OF THE MONTH. CALENDAR YEAR 2024 DEFERRAL AMOUNT = $213,113 Schedule J, Part I, Line 3 Related party Compensation THE PRESIDENT WAS COMPENSATED BY A RELATED ORGANIZATION, AND THEREFORE NONE OF THE LINE 3 BOXES HAVE BEEN CHECKED. THE RELATED ORGANIZATION USED THE FOLLOWING METHODOLOGY TO ESTABLISH THE COMPENSATION OF THE PRESIDENT OF THE FILING ORGANIZATION: APPROVAL BY THE FULL BOARD FOLLOWING AN ANALYSIS, COMPARATIVE BENCHMARKING AND RECOMMENDATION BY THE COMPENSATION COMMITTEE. Form 990, Part VI, Line 15 THE ORGANIZATION'S CODE OF REGULATIONS STIPULATES THE DIRECTORS WILL NOT RECEIVE SALARIES, FEES, OR COMPENSATION FOR THEIR SERVICES AS DIRECTORS OR FOR THEIR ATTENDANCE AT ANY MEETING OR COMMITTEE MEETING. THE ORGANIZATION'S CODE OF REGULATIONS STIPULATES THE OFFICERS OR KEY EMPLOYEES WILL NOT RECEIVE SALARIES, FEES OR COMPENSATION FOR THEIR SERVICES AS OFFICERS OR KEY EMPLOYEES OR FOR THEIR ATTENDANCE AT ANY MEETING OR COMMITTEE MEETING. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FOLLOWING INDIVIDUALS REVIEW THE 990 PRIOR TO FILING: PRESIDENT, VICE PRESIDENT, SECRETARY/TREASURER, AND DIRECTORS. Form 990, Part VI, Line 12c Conflict of interest policy THE ORGANIZATION HAS A WRITTEN POLICY CONCERNING DUALITY AND CONFLICTS OF INTEREST REGARDING THE CORPORATION. THE CONFLICT OF INTEREST POLICY IS ENFORCED THROUGH REGULAR AND CONSISTENT REVIEW AND DISCUSSION AT BOARD OF DIRECTORS MEETINGS. THOSE COVERED UNDER THE CONFLICT OF INTEREST POLICY ARE DIRECTORS, OFFICERS, EMPLOYEES, AND CONSULTANTS. IF THE BOARD OF DIRECTORS OR THE CONFLICT OF INTEREST COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT AN INTERESTED PERSON HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE INTERESTED PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD THE INTERESTED PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE RESPONSE OF THE INTERESTED PERSON AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THAT THE INTERESTED PERSON HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. CORRECTIVE ACTION SHALL INCLUDE UNDOING THE TRANSACTION OR ARRANGEMENT TO THE EXTENT POSSIBLE AND TAKING ANY ADDITIONAL MEASURES NECESSARY TO PLACE THE CORPORATION IN A FINANCIAL POSITION THAT IS NOT WORSE THAN THE POSITION THE CORPORATION WOULD BE IN IF THE INTERESTED PERSON HAD DEALT WITH THE CORPORATION UNDER THE HIGHEST FIDUCIARY STANDARDS. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. Form 990, Part XI, Line 9 Changes in Net Assets OTHER CHANGES IN NET ASSETS INCLUDES IN-KIND SUPPORT TOTALING $603,612 RECEIVED BY CENTENNIAL FALCON PROPERTIES, INC. FROM BOWLING GREEN STATE UNIVERSITY DURING THE TAX YEAR ENDED JUNE 30, 2025. THIS AMOUNT IS COMPRISED OF THE FOLLOWING: A. DUE TO THE UNIVERSITY'S FOOD SERVICE MANAGEMENT AGREEMENT WITH CHARTWELLS AND IN EXCHANGE FOR USE OF THE DINING FACILITIES, the construction funding payable is considered repaid on behalf of CFP II & CFP III, AS THEY ARE OF APPROXIMATELY EQUAL VALUE. AS SUCH, CFP II & CFP III RECOGNIZES THIS PAYMENT AS A DECREASE IN CONSTRUCTION FUNDING PAYABLE AND AS IN-KIND SUPPORT REVENUE. THE DINING FACILITY ASSET AND CORRESPONDING CONSTRUCTION FUNDING DEBT RESIDE ON THE BOOKS OF CFP II & CFP III. THIS AMOUNT REPRESENTED $596,800 OF THE TOTAL IN-KIND SUPPORT RECEIVED. B. CENTENNIAL FALCON PROPERTIES, INC. ALSO RECEIVED IN-KIND SUPPORT OF $6,812 FROM BOWLING GREEN STATE UNIVERSITY FOR MISCELLANEOUS SUPPORT SERVICES. Form 990, Part XI, Line 9 Other changes in net assets or fund balances In-Kind Support From BGSU - 603612; In-Kind Expenses - -6812; Total - 596800; CFP I LLC 230 MCFALL CENTER BOWLING GREEN OH 43403 272469355 TO ACQUIRE, CONSTRUCT, FURNISH AND MAINTAIN STUDENT RESIDENCE HALLS OH 1012342 2734762 CENTENNIAL FALCON PROPERTIES INC CFP II LLC 230 MCFALL CENTER BOWLING GREEN OH 43403 273481213 TO FINANCE, CONSTRUCT, EQUIP AND MAINTAIN A FULL SERVICE DINING FACILITY. OH 376364 5353907 CENTENNIAL FALCON PROPERTIES INC CFP III LLC 230 MCFALL CENTER BOWLING GREEN OH 43403 273971320 TO FINANCE, CONSTRUCT, EQUIP AND MAINTAIN A FULL SERVICE DINING FACILITY. OH 220436 4186693 CENTENNIAL FALCON PROPERTIES INC CFP IV LLC 230 MCFALL CENTER BOWLING GREEN OH 43403 851646374 TO OWN AND MAINTAIN VARIOUS REAL ESTATE PARCELS, FOR FUTURE USE BY THE UNIVERSITY. OH 0 1208477 CENTENNIAL FALCON PROPERTIES INC CFP V LLC 230 MCFALL CENTER BOWLING GREEN OH 43403 851632567 TO HOLD 5,691 SHARES OF STOCK IN SATELYTICS, INC. OH 0 1 CENTENNIAL FALCON PROPERTIES INC BOWLING GREEN STATE UNIVERSITY 1001 E WOOSTER STREET BOWLING GREEN OH 43403 346402018 PUBLIC UNIVERSITY OH NA false false false true false false false false false false false false false false true true true false false false