2021-10-08T13:23:25-05:00 2020-12-31 580673524 MSTILLER LLC 1960 SATELLITE BLVD SUITE 3600 DULUTH GA 30097 990 2020-09-16 853049933 ROWEN FOUNDATION INC ROWE 4048210638 279 WEST CROGAN STREET LAWRENCEVILLE GA 30046 SACHIN D SHAILENDRA DIRECTOR, CHAIR 4048210638 2021-10-05 1 SACHIN SHAILENDRA 999009999 GREGORY W HAYES P00054246 7709958800 2021-10-05 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z X SACHIN D SHAILENDRA 279 WEST CROGAN STREET LAWRENCEVILLE GA 30046 6032 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. 5 5 0 5 0 0 0 0 6032 0 6032 0 0 0 0 0 330500 330500 -324468 68504515 68828983 -324468 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 271310 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. 271310 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 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 1 8 0 1 0 0 0 0 0 0 0 0 0 0 0 X 5 5 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 GA X LOCKWOOD & SWAIM LLC 4046977473 3715 NORTHSIDE PARKWAY 4-300 ATLANTA GA 30327 X X SACHIN D SHAILENDRA DIRECTOR, CHAIR 5.00 X X 0 0 0 THOMAS D SENKBELL DIRECTOR, TREASURER 5.00 X X 0 0 0 ROBERT T GEOLAS DIRECTOR, SECRETARY 5.00 X X 0 0 0 SAMUEL H HINTON DIRECTOR 5.00 X 0 0 0 ROBERT T HUGHES DIRECTOR 5.00 X 0 0 0 MASON AILSTOCK CEO (EX-OFFICIO, NON-VOTING) 5.00 X 0 0 0 0 0 0 0 0 0 0 HR&A ADVISORS INC 555 FAYETTEVILLE STREET SUITE 300 RALEIGH NC 27601 DEVELOPMENT, MARKETING, ADMINISTRATIVE, 229800 1 6032 6032 6032 0 0 6032 X 229800 195330 34470 23491 11746 11745 10758 5379 5379 50300 50300 63 63 956 956 378 378 8555 8555 4005 4005 BANK FEES 2194 2194 330500 271310 59190 0 0 226150 11140 58710401 0 58710401 0 9556824 0 68504515 0 0 68472686 0 356297 0 68828983 X 0 -324468 0 -324468 0 68504515 -324468 0 X 0 1 X 0 0 58710401 58710401 58710401 RESTRICTED CASH AS LOAN RESERVE 9556824 9556824 INTEREST EXPENSE PAYABLE 356297 356297 X 6032 0 6032 0 6032 321945 0 321945 8555 8555 330500 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. FORM 990, PART VI, SECTION A, LINE 2 MASON AILSTOCK, CEO (SENIOR PRINCIPAL, HR&A ADVISORS, INC.) ROBERT GEOLAS, DIRECTOR (PARTNER, HR&A ADVISORS, INC.) FORM 990, PART VI, SECTION A, LINE 4 THE ORIGINAL BY-LAWS DATED SEPTEMBER 16, 2020 WERE AMENDED AND RESTATED AS OF 10/28/2020 AND ADOPTED BY THE BOARD OF DIRECTORS AT THE NOVEMBER 5, 2020 BOARD MEETING UNDER THE REQUIREMENT OF THE IRS TO REMOVE THE OPPORTUNITY TO AMEND THE "TAX-EXEMPT" PURPOSE OF THE ORGANIZATION. 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: MASON AILSTOCK, CEO (SENIOR PRINCIPAL, HR&A ADVISORS, INC.) ROBERT GEOLAS, DIRECTOR (PARTNER, HR&A ADVISORS, INC.) $229,800 MANAGEMENT SERVICES CONTRACT WITH HR&A ADVISORS, INC. MSSRS. AILSTOCK AND GEOLAS ARE PARTNERS IN THE FIRM HR&A ADVISORS WHICH PROVIDES INDEPENDENT PROFESSIONAL REAL ESTATE AND ECONOMIC DEVELOPMENT ADVISORY SERVICES TO THE ORGANIZATION. ALL TRARNSACTIONS WITH HR&A ARE ON AN ARMS-LENGTH BASIS IN THE ORDINARY COURSE OF BUSINESS WITH ROWEN'S MISSION. WITH 18 PARTNERS, MSSRS. AILSTOCK & GEOLAS DO NOT CONTROL OVER 35% OF THE FIRM, AND THEIR PERSONAL COMPENSATION IS NOT DEPENDENT ON THE MANAGEMENT CONTRACT WITH THE ROWEN FOUNDATION. FORM 990, PART VII, SECTION B: HR&A ADVISORS PROVIDES INDEPENDENT PROFESSIONAL REAL ESTATE AND ECONOMIC DEVELOPMENT ADVISORY SERVICES TO THE ORGANIZATION TO "... IMPROVE ECONOMIC OPPORTUNITY, QUALITY OF LIFE AND THE BUILT ENVIRONMENT FOR PEOPLE IN URBAN COMMUNITIES ..." TO CLIENTS LIKE ROWEN WHO ARE TRYING TO ADD OR MERGE PHYSICAL INFRASTRUCTURE AND SERVICES WITH COMMUNITIES "... (FOR) THE REINVENTION OF CITIES INTO VIBRANT URBAN CENTERS THAT OFFER JOBS AND SUSTAIN A HIGH QUALITY OF LIFE FOR DIVERSE COMMUNITIES" BY "... CREAT(ING) MORE EQUITABLE, RESILIENT, AND DYNAMIC COMMUNITIES. OUR WORK TURNS VISION INTO ACTION THROUGH RIGOROUS ANALYSIS, STRATEGY DEVELOPMENT, AND IMPLEMENTATION PLANNING." (HR&A ADVISORS WEBSITE) FORM 990, PART IX, LINE 11G OPERATIONS & COMMUNICATIONS: PROGRAM SERVICE EXPENSES 50,300. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 50,300.