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Nonprofit · EIN 26-3332258

UNIVERSITY OF NORTH GEORGIA REAL ESTATE FOUNDATION INC

Tax-exempt · DAHLONEGA, GA 30597

Financials

$6.3M$5.7M2023$8.2M$8M2024
Revenue Expenses · by fiscal year end
Financials of UNIVERSITY OF NORTH GEORGIA REAL ESTATE FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$8,203,983$8,042,747$161,236$170,103,269$151,783,799$18,319,470
June 30, 2024990$6,317,753$5,714,652$603,101$127,601,089$109,533,426$18,067,663
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$8,416,894
Investment income
-$212,911
Net gain from sales of assets
-$323,477
Other revenue
$0

Expenses

Grants and similar amounts paid
$1,994,143
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$9,122
Accounting fees
$23,942
Occupancy
$786,059
Travel
$5,322
Depreciation
$309,121
Program services (functional)
$8,001,043
Management and general (functional)
$41,704

Balance sheet and other

Total assets, start of year
$127,601,089
Total assets, end of year
$170,103,269
Total liabilities, end of year
$151,783,799
Net assets, end of year
$18,319,470
Land, buildings and equipment
$49,093,837
Publicly traded securities
$188,020
Net assets without donor restrictions
$18,319,470
Gross receipts
$11,417,821
Employees
6
Volunteers
9
Year formed
2008
State of legal domicile
GA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
Mike ShannonTrustee
Trustee or director
0.5$0$359,115$90,223
Jeff TarnowskiTrustee
Trustee or director
0.5$0$186,930$87,438
Derek LeonardAdministrative Officer
Officer
10$0$134,045$76,691
Frank McConnellAdvisor
Officer
19$0$118,706$92
Bob MathewsChairman
Trustee or director, Officer
1$0$0$0
Gary OsleyVice Chairman
Trustee or director, Officer
0.5$0$0$0
James A FaulknerTreasurer/Secretary
Trustee or director, Officer
1$0$0$0
Beth BaldwinTrustee
Trustee or director
0.5$0$0$0
Dan O'LearyTrustee
Trustee or director
0.5$0$0$0
Jack ElrodTrustee
Trustee or director
0.5$0$0$0
James ShoreTrustee
Trustee or director
0.5$0$0$0
Jason MattTrustee
Trustee or director
0.5$0$0$0
Jonathan CollinsTrustee
Trustee or director
0.5$0$0$0
Mary Helen McGruderTrustee
Trustee or director
0.5$0$0$0
Nick MassengillTrustee
Trustee or director
0.5$0$0$0
990 for the year ended June 30, 2024: 12 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Mike ShannonTrustee
Trustee or director
0.5$0$210,255$46,720
Jeff TarnowskiTrustee
Trustee or director
0.5$0$179,527$76,618
Gerald SullivanAdministrative Officer
Officer
10$0$150,465$71,178
Derek LeonardAdministrative Officer
Officer
10$0$77,650$50,172
Bob MathewsChairman
Trustee or director, Officer
1$0$0$0
Gary OsleyVice Chairman
Trustee or director, Officer
0.5$0$0$0
James A FaulknerTreasurer/Secretary
Trustee or director, Officer
1$0$0$0
Mary Helen McGruderTrustee
Trustee or director
0.5$0$0$0
Beth BaldwinTrustee
Trustee or director
0.5$0$0$0
Dan O'LearyTrustee
Trustee or director
0.5$0$0$0
Nick MassengillTrustee
Trustee or director
0.5$0$0$0
James ShoreTrustee
Trustee or director
0.5$0$0$0

Address and contacts

Address (IRS master file)
82 COLLEGE CIRCLE, DAHLONEGA, GA 30597-0001
In care of
% BRUCE L HOWERTON
Principal officer (990 for 2024)
James A Faulkner, 82 College Circle, Dahlonega, GA 30597
Signed the 990
James A Faulkner, Treasurer / Secretary
Phone
(706) 867-2401
Return prepared by
Mauldin & Jenkins LLC

Mission

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.

990 for the year ended June 30, 2025

Program accomplishments

  • Construction of parking deck, cadet housing, civilian housing and dining hall, bookstore, infirmary, administrative offices, academic classrooms, and renovation of cadet housing.
    Expenses $8,001,043 · grants $1,994,143 · revenue $8,416,894

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
26-3332258
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
2009
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B114)
Assets (IRS master file)
$170,103,269
Income (IRS master file)
$11,417,821

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$8,203,983$8,042,747$170,103,269XML
990June 2024$6,317,753$5,714,652$127,601,089XML
990June 2023$6,009,197$5,233,468$131,610,420IRS
990June 2022–––IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-3332258).

Questions about UNIVERSITY OF NORTH GEORGIA REAL ESTATE FOUNDATION INC

What is the EIN of UNIVERSITY OF NORTH GEORGIA REAL ESTATE FOUNDATION INC?
The employer identification number (EIN) of UNIVERSITY OF NORTH GEORGIA REAL ESTATE FOUNDATION INC is 26-3332258.
Is UNIVERSITY OF NORTH GEORGIA REAL ESTATE FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
Are donations to UNIVERSITY OF NORTH GEORGIA REAL ESTATE FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does UNIVERSITY OF NORTH GEORGIA REAL ESTATE FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of UNIVERSITY OF NORTH GEORGIA REAL ESTATE FOUNDATION INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did UNIVERSITY OF NORTH GEORGIA REAL ESTATE FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of UNIVERSITY OF NORTH GEORGIA REAL ESTATE FOUNDATION INC?
The 990 for the year ended June 30, 2025 names James A Faulkner.
Who are the officers and directors of UNIVERSITY OF NORTH GEORGIA REAL ESTATE FOUNDATION INC?
The 990 for the year ended June 30, 2025 lists 15 people; 0 received compensation from the organization.
How much revenue does UNIVERSITY OF NORTH GEORGIA REAL ESTATE FOUNDATION INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $8,203,983, expenses of $8,042,747 and total assets of $170,103,269 at year end.

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