2024-10-01T08:28:57-05:00 2023-12-31 580673524 MSTILLER LLC 1960 SATELLITE BLVD SUITE 3600 DULUTH GA 30097 990 2023-01-01 853049933 ROWEN FOUNDATION INC ROWE 4048210638 279 WEST CROGAN STREET LAWRENCEVILLE GA 30046 TRENT CLOER CPA 7709958800 2024-09-30 1 0 GREGORY W HAYES P00054246 7709958800 2024-09-26 2023 2024-10-15 13:58:12Z MASON AILSTOCK 279 WEST CROGAN STREET LAWRENCEVILLE GA 30046 223884 0 X HTTPS://WWW.ROWENLIFE.COM/ X 2020 GA WE ARE THE INDEPENDENT, MISSION-DRIVEN, NOT-FOR-PROFIT ENTITY LEADING THE PLANNING AND VISIONING OF ROWEN, RESPONSIBLE FOR PROJECT LEADERSHIP AND OPERATIONS TO ENSURE THE LONG-TERM VISION FOR ROWEN IS NEVER COMPROMISED. ROWEN MEANS "SECOND HARVEST." ESTABLISHED ON LAND THAT HAS BEEN CAREFULLY STEWARDED FOR GENERATIONS BY LOCAL FAMILIES, ROWEN WILL BE PROGRAMMED IN A WAY THAT REMAINS TRUE TO THE FAMILIES' CONNECTIONS TO AGRICULTURE, MEDICINE AND NATURAL ENVIRONMENT. THE RESULT IS A REIMAGINATION OF THE TRADITIONAL MIXED-USE, OFFICE AND RESEARCH ENVIRONMENT THAT WILL CHANGE THE ECONOMIC AND SOCIAL TRAJECTORY OF GEORGIA, THE NATION AND WITH TIME, THE WORLD. 9 9 0 0 0 0 0 0 0 0 106398 223884 0 0 106398 223884 0 0 0 0 0 0 0 0 0 2323101 2844014 2323101 2844014 -2216703 -2620130 79016659 90848661 84921552 99373684 -5904893 -8525023 X TO BE A CATALYST FOR EDUCATION, RESEARCH, INNOVATION AND TRANSFORMATION THROUGH THE CREATION OF A GLOBAL DESTINATION WHICH RECOGNIZES STEWARDSHIP OF THE LAND AS THE CORNERSTONE OF AN INSPIRED COMMUNITY. 0 0 2354281 0 0 SEE SCHEDULE O GWINNETT COUNTY, GEORGIA (THE "COUNTY OR "GWINNETT COUNTY') HAS AN OPPORTUNITY TO DEVELOP 1800 ACRES IN THE COUNTY, LOCATED CENTRALLY BETWEEN THREE MAJOR ECONOMIC CENTERS IN THE STATE OF GEORGIA (ATLANTA, ATHENS, AND GAINESVILLE) AND EQUIDISTANT FROM THREE MAJOR RESEARCH UNIVERSITIES (THE UNIVERSITY OF GEORGIA, GEORGIA INSTITUTE OF TECHNOLOGY, AND EMORY UNIVERSITY). THE COUNTY'S VISION IS TO DEVELOP THE LAND INTO A DISTRICT FOR AGRICULTURAL, MEDICAL, ENVIRONMENTAL, AND HIGH TECHNOLOGY RESEARCH AS WELL AS RESEARCH-RELATED MANUFACTURING AND SUPPORT SERVICES (THE "DISTRICT'). THE CORPORATION WILL PROMOTE SOCIAL WELFARE, INCLUDING, BUT NOT LIMITED TO: (I) ECONOMIC DEVELOPMENT BY ATTRACTING EDUCATION, TRAINING, RESEARCH, JOB CREATION, INNOVATION, AND TRANSFORMATION TO THE CORPORATION'S PROPERTY AND THE SURROUNDING AREA; (II) ADVANCING PUBLIC HEALTH FOR THE COMMUNITY AT LARGE; (III) PROVIDING A PLACE WHERE THE LAND, ITS COLLECTIVE HISTORY, AND THE DEVELOPMENT OF IT AND THE CORPORATION'S OTHER ASSETS ARE MANAGED CONSISTENTLY AND RESPECTFULLY FOR THE BENEFIT OF THE COMMUNITY; AND (IV) REDUCING THE BURDENS OF GOVERNMENT. THE CORPORATION'S ECONOMIC DEVELOPMENT ACTIVITIES ARE TWO-FOLD: REAL-ESTATE PROGRAMMING WILL ATTRACT BUSINESS TO THE DISTRICT AND TO SURROUNDING AREAS; INNOVATION PROGRAMMING DEFINES THE WAYS IN WHICH THE CORPORATION WILL CREATE VALUE FOR THE COUNTY, THE STATE OF GEORGIA, AND PRIVATE AND INSTITUTIONAL PARTNERS, DISTINGUISHING ITSELF IN A GLOBAL INNOVATION ECONOMY. ANALYSIS OF BUSINESS AND ACADEMIC RESOURCES IN GEORGIA, AS WELL AS INTERNATIONAL PRESSURES FOR INNOVATION, REVEAL THREE INTER-RELATED AREAS OF FOCUS FOR THE DISTRICT'S TENANTS AND PROPERTY OWNERS: MEDICAL RESEARCH, TECHNOLOGY, AND APPROACHES TO PREVENTATIVE CARE; AGRICULTURAL RESEARCH, TECHNOLOGY, AND ENVIRONMENTAL SENSITIVITY; AND ENVIRONMENTAL RESEARCH AND TECHNOLOGY THAT CAN REDUCE THE IMPRINT OF ALL SECTORS ON THE ENVIRONMENT. IT IS THE INTERRELATEDNESS OF THE DISTRICT'S THREE AREAS OF FOCUS THAT WILL BE THE PRIMARY DRIVERS OF ECONOMIC DEVELOPMENT. THE DISTRICT'S DESIGN, AMENITIES, AND CHARACTER WILL APPEAL TO MANY PUBLIC AND PRIVATE INSTITUTIONS, BUT THE DISTRICT'S COMPETITIVE ADVANTAGE AND ITS ABILITY TO ADD VALUE TO GWINNETT COUNTY AND GEORGIA LIE IN THE UNIQUE COLLABORATION THAT CAN TAKE PLACE THERE. THE THREE AREAS OF FOCUS FOR THE DISTRICT- MEDICAL, AGRICULTURAL, AND ENVIRONMENTAL - ARE ALL DIRECTLY CORRELATED WITH ADVANCING PUBLIC HEALTH. EACH OF THESE AREAS OF PUBLIC HEALTH CANNOT ADVANCE WITHOUT CONSIDERATION OF ALL OF THEM. FOR INSTANCE, DIGITAL MONITORING OF CHEMICALS USED IN AGRICULTURE CAN REDUCE THE IMPACT OF CHEMICALS ON THE ENVIRONMENT AND IMPROVE THE HEALTH OF COMMUNITY MEMBERS. MORE EFFICIENT PRODUCTION OF FOOD CAN DECREASE THE AMOUNT OF LAND NEEDED FOR AGRICULTURE. THE GROWTH IN WHOLISTIC APPROACHES TO HEALTH RELY ON HEALTHY EATING AND CLEAN AIR AND WATER. NOT ONLY WILL RESEARCH AND OTHER ACTIVITIES TAKING PLACE IN THE DISTRICT FOCUS ON HEALTH AND THE ENVIRONMENT, AMONG OTHER DISCIPLINES, BUT THE DISTRICT ITSELF WILL PROMOTE HEALTHY LIFESTYLES BY DEVELOPING PARKS, WALK/RUN/BIKE PATHS AND SPACES FOR SOCIAL, BUSINESS, AND EDUCATIONAL GATHERINGS. 2354281 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 15 0 1 0 0 0 0 0 0 0 0 0 0 0 X 9 9 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 GA X MSTILLER LLC 7709958800 1960 SATELLITE BLVD SUITE 3600 DULUTH GA 30097 X X SACHIN D SHAILENDRA DIRECTOR, CHAIR 5.00 X X 0 0 0 DR DEBORAH BRUNER DIRECTOR 5.00 X 0 0 0 SAMUEL H HINTON DIRECTOR 5.00 X 0 0 0 DR S JACK HU DIRECTOR 5.00 X 0 0 0 DR JANN L JOSEPH DIRECTOR 5.00 X 0 0 0 BERT REEVES DIRECTOR 5.00 X 0 0 0 ARTHUR TRIPP DIRECTOR 5.00 X 0 0 0 DR HELENE GAYLE DIRECTOR 5.00 X 0 0 0 KIM GREENE DIRECTOR 5.00 X 0 0 0 MASON AILSTOCK CEO,EX-OFFICIO DIRECTOR, NONVOTING 1.00 X 0 0 0 TREY SWALM CFO 5.00 X 0 0 0 0 0 0 0 0 0 0 REEVES YOUNG LLC 45 PEACHTREE INDUSTRIAL BLVD SUGAR HILL GA 30518 CONSTRUCTION 7564025 HR&A ADVISORS INC 99 HUDSON STREET 3RD FLOOR NEW YORK NY 10013 DEVELOPMENT & ECONOMIC ADVISORY, ADMINIS 1372800 JACKSON SPALDING 1100 PEACHTREE STREET NE STE 1800 ATLANTA GA 30309 MARKETING/MEDIA MANAGEMENT 283636 DAVINCI DEVELOPMENT COLLABORATIVE 3355 LENOX ROAD STE 1100 ATLANTA GA 30326 REAL ESTATE DEVELOPMENT ADVISORY 235186 HGOR 3525 PIEDMONT ROAD NE BLDG B STE ATLANTA GA 30305 LANDSCAPE ARCHITECTURE & PLANNING 140888 6 223884 223884 223884 0 0 223884 X 1372800 1166880 205920 65670 32835 32835 175140 87571 87569 916525 879862 36663 2000 2000 61491 61491 220157 187133 33024 30231 30231 2844014 2354281 489733 0 715172 665626 0 1609984 19600 0 23764 24735 85015379 71573120 85015379 6685003 3532937 79016659 90848661 365355 6972289 81065538 87171882 3490659 5229513 84921552 99373684 X -5904893 -8525023 -5904893 -8525023 79016659 90848661 -2620130 0 X X 0 1 X 1 0 85015379 85015379 85015379 INTEREST EXPENSE PAYABLE 5229513 5229513 X 223884 0 223884 0 223884 2844016 2 2 2844014 0 2844014 PART X, LINE 2: GAAP PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED, AND DISCLOSED IN THE FOUNDATION'S FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED THE IMPLICATIONS OF THESE STANDARDS AND HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS FOR THE FOUNDATION; THEREFORE, NO TAX EXPENSE OR ACCRUALS ARE INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XII, LINE 2D - OTHER ADJUSTMENTS: ROUNDING 2. MASON AILSTOCK PARTNER IN HR&A ADVISORS, INC. 1372800 HR&A PROVIDES OPERATING, MARKETING, AND ADMINISTRATIVE SERVICES 0 FORM 990, SCHEDULE L, PART IV: MR. AILSTOCK IS 1 OF 20 PARTNERS AT HR&A ADVISORS, THUS MAKING UP ONLY 5% OF HR&A'S OWNERSHIP GROUP. MR. AILSTOCK RECUSES HIMSELF FROM ANY AND ALL DECISIONS REGARDING HR&A. FORM 990, PART VI, SECTION A, LINE 2 THE BOARD OF TRUSTEES IS COMPOSED OF BUSINESS, GOVERNMENT, AND COMMUNITY LEADERS IN THE LOCAL AREA. DUE TO THE EXTENSIVE INVOLVEMENT OF THESE COMMUNITY LEADERS IN BUSINESS AND OTHER COMMUNTY AFFAIRS, THE TRUSTEES MAY HAVE NORMAL BUSINESS RELATIONSHIPS THAT MIGHT BE EXPECTED OF LEADERS IN A SUBURBAN COMMUNITY. HOWEVER, THESE BUSINESS RELATIONSHIPS SHALL BE CONDUCTED AT ARMS' LENGTH, PURSUANT TO NORMAL BUSINESS TERMS AND THE GGCF'S CODE OF CONDUCT/CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED EITHER IN PAPER OR ELECTRONIC FORMAT TO ALL BOARD MEMBERS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL CONFLICT OF INTEREST STATEMENTS ARE REQUIRED FROM ALL BOARD MEMBERS AND OFFICERS. IN ADDITION, ALL BOARD MEMBERS AND OFFICER ARE ASKED TO EXCUSE THEMSELVES FROM ALL DECISIONS THAT INVOLVE THEM PERSONALLY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR TOP MANAGEMENT OFFICIALS, OFFICERS, AND KEY EMPLOYEES IS HANDLED BY THE BOARD WITHOUT THE PARTICIPATION OF THE INDIVIDUAL INVOLVED. AT THIS TIME, THERE ARE NO EMPLOYEE OFFICERS OR KEY EMPLOYEES. PRESENTLY, THE MANAGEMENT FUNCTION IS HANDLED BY A TURN-KEY CONSULTANT. THE CONTRACT WITH THE CONSULTANT WAS ESTABLISHED AT COMPETITIVE MARKET PRICES. AT SUCH TIME AS THE CORPORATION DOES HIRE EMPLOYEES COMPENSATION LEVELS WILL BE ESTABLISHED BY A COMPENSATION COMMITTEE OF THE BOARD FOLLOWING INDUSTRY GUIDELINES AND MARKET DATA. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND INTERNAL POLICIES ARE GIVEN TO EMPLOYEES WHEN THEY ARE HIRED BY THE ORGANIZATION AND ARE AVAILABLE WITHIN THE ORGANIZATION'S OFFICE TO THOSE WHO FALL UNDER THEIR COVENENTS, BUT AS PROPRIETARY INFORMATION OF THE ORGANIZATION, THEY AND THE FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART VII, SECTION A: MR. AILSTOCK DOES NOT RECEIVE ANY DIRECT COMPENSATION FROM THE ORGANIZATION FOR HIS WORK AS A BOARD MEMBER OF THE ORGANIZATION. HIS COMPENSATION IS TIED TO THE PROFITABILITY OF HIS EMPLOYER, WHICH IS AN INDEPENDENT CONTRACTOR FOR THE ORGANIZATION, BUT NOT TO THE COMPENSATION DERIVED FROM THE SPECIFIC CONTRACTS WITH THE ORGANIZATION. FORM 990, PART IX, LINE 11G MARKETING & COMMUNICATIONS: PROGRAM SERVICE EXPENSES 378,694. MANAGEMENT AND GENERAL EXPENSES 15,779. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 394,473. ADVOCACY: PROGRAM SERVICE EXPENSES 209,059. MANAGEMENT AND GENERAL EXPENSES 8,711. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 217,770. BUSINESS & ECONOMIC DEVELOPMENT: PROGRAM SERVICE EXPENSES 7,204. MANAGEMENT AND GENERAL EXPENSES 300. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,504. OTHER SERVICES: PROGRAM SERVICE EXPENSES 284,905. MANAGEMENT AND GENERAL EXPENSES 11,873. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 296,778. FORM 990, PART XII, LINE 2C: THE PROCESS BY WHICH THE ORGANIZATION CHOOSES AN AUDITOR AND PREPARES ITS FINANCIALS HAS NOT CHANGED FROM THE PRIOR YEAR.