CLEMSON UNIVERSITY REAL ESTATE FOUNDATION INC: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- CLEMSON UNIVERSITY REAL ESTATE FOUNDATION INC (EIN 57-0933257)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-13
- IRS object ID
- 201131339349304463
- Schema version
- 2009v1.7
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-13T15:08:08-05:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Cherry Bekaert & Holland LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 West McBee Avenue Suite 200 | AddressLine1 |
| City | Greenville | City |
| State | SC | State |
| ZIP Code | 29601 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 570933257 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Clemson University Real Estate Foundation Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CLEM | NameControl |
| Phone | 8646561289 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 1889 | AddressLine1 |
| City | Clemson | City |
| State | SC | State |
| ZIP Code | 296331889 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Alice C Evatt | Name |
| Title | treasurer | Title |
| Phone | 8646561289 | Phone |
| Date Signed | 2011-05-13 | DateSigned |
| Authorize Third Party | 0 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8642333981 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | alice c evatt | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 155 OLD GVILLE HWY 105 | AddressLine1 |
| City | CLEMSON | City |
| State | SC | State |
| ZIP Code | 29631 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 1478952 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.CLEMSON.EDU/GIVING/CUFOUNDATIONS/CUREF/ | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1990 | YearFormation |
| State Legal Domicile | SC | StateLegalDomicile |
| Activity Or Mission Description | TO RECEIVE AND INVEST GIFTS OF REAL ESTATE FOR CLEMSON UNIVERSITY AND CLEMSON UNIV. FOUNDATION | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 10 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 10 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 136 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 4077916 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 878074 | ContributionsGrantsCurrentYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -115968 | InvestmentIncomePriorYear |
| Investment Income Current Year | 0 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 555298 | OtherRevenuePriorYear |
| Other Revenue Current Year | 600878 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 4517246 | TotalRevenuePriorYear |
| Total Revenue Current Year | 1478952 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 387483 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 278160 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 278381 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 414912 | OtherExpensePriorYear |
| Other Expenses Current Year | 455074 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1080555 | TotalExpensesPriorYear |
| Total Expenses Current Year | 733455 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 3436691 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 745497 | RevenuesLessExpensesCY |
| Total Assets BOY | 38569438 | TotalAssetsBOY |
| Total Assets EOY | 39641007 | TotalAssetsEOY |
| Total Liabilities BOY | 23805634 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 24131706 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 14763804 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 15509301 | NetAssetsOrFundBalancesEOY |
| Mission Description | The foundation exists to receive, manage and invest gifts of real estate for Clemson University and the Clemson University Foundation. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 733455 | Expense |
| Revenue | 1478952 | Revenue |
| Description | The entity exists to receive gifts of real estate and hold or sell and distribute the proceeds to Clemson University Foundation (CUF) or Clemson University (CU) as specified by the donors. In addition, the Foundation manages the properties at the Clemson University International Center for Automotive Research (CU-ICAR) through LICAM LLC. The Foundation purchases, leases, develops, and mortgages real estate for the benefit of CU or CUF through LICAR LLC. LICAR is constructing a technology incubator at CU-ICAR for rent to automobile related entities - all costs to date are in construction in progress. it is expected to be operational in April 2011. | Description |
| Total Program Service Expense | 733455 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 5 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form8899 Filed | 0 | Form8899Filed |
| Form1098 C Filed | 0 | Form1098CFiled |
| Nbr Voting Governing Body Members | 10 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 10 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | SC | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Cheryl Dean Assoc Comptroller | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8646563630 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Admin Services Bldg Pearman Blvd | AddressLine1 |
| City | Clemson | City |
| State | SC | State |
| ZIP Code | 296345306 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (19 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| Robert M Mundy Jr | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| Gosnald Graham Segars | ||||||||
| Vice-Chair | 1.00 | X | 0 | 0 | 0 | |||
| William L Abercrombie Jr | ||||||||
| Chair | 1.00 | X | 0 | 0 | 0 | |||
| George E Biedinger | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| A Neill Cameron Jr | ||||||||
| VP Advancement | 1.00 | X | 0 | 207273 | 31298 | |||
| Neil C Robinson Jr | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| Frank A McLeod III | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| Brett A Dalton | ||||||||
| CFO | 1.00 | X | 0 | 205884 | 29026 | |||
| Charles Mickel | ||||||||
| Former Chair | 1.00 | X | 0 | 0 | 0 | |||
| christopher c pearce iv | ||||||||
| director | 1.00 | X | 0 | 0 | 0 | |||
| bill amick | ||||||||
| director | 1.00 | X | 0 | 0 | 0 | |||
| william csmith jr | ||||||||
| director | 1.00 | X | 0 | 0 | 0 | |||
| Harrison F Trammell | ||||||||
| President | 1.00 | 0 | 199616 | 14644 | X | |||
| Alice C Evatt | ||||||||
| Treasurer | 1.00 | 0 | 86747 | 13945 | X | |||
| Cheryl L Nares | ||||||||
| Secretary (july-nov) | 1.00 | 0 | 42522 | 7709 | X | |||
| donna m garris | ||||||||
| secretary (jan-june) | 1.00 | 0 | 0 | 0 | X | |||
| laura h haselden | ||||||||
| assistant secretary | 1.00 | 0 | 39083 | 5749 | X | |||
| Robert T Geolas | ||||||||
| Manager | 1.00 | 0 | 207291 | 33907 | X | |||
| John V Boyette Jr | ||||||||
| Manager | 37.50 | 0 | 123540 | 7635 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 1111956 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 143913 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (3 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| NEAL PRINCE & PARTNERS INC | |||||
| 110 W NORTH STREET | GREENVILLE | SC | 29601 | ARCHITECTS | 429292 |
| ZORN CO INC | |||||
| P O BOX 842 | SENECA | SC | 29679 | CONSTRUCTION | 172395 |
| NELSON MULLINS RILEY & SCARBOROUGH LLP | |||||
| P O BOX 11009 | COLUMBIA | SC | 29211 | ATTORNEYS | 126367 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
| All Other Contributions | 878074 | AllOtherContributions |
| Noncash Contributions | 453074 | NoncashContributions |
| Total Contributions | 878074 | TotalContributions |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 103558 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 103558 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 103558 | TotalRevenueColumn |
| Exclusion | $103,558 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| Common Area Maintenanc | 531310 | 472320 | $472,320 |
| Other | 900099 | 25000 | $25,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 497320 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1478952 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $600,878 | ExclusionAmount |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 278381 | Total |
| Program Services | 278381 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 88414 | Total |
| Program Services | 88414 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1518 | Total |
| Program Services | 1518 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 78651 | Total |
| Program Services | 78651 | ProgramServices |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 769 | Total |
| Program Services | 769 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30267 | Total |
| Program Services | 30267 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 64110 | Total |
| Program Services | 64110 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12075 | Total |
| Program Services | 12075 | ProgramServices |
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| Contracted Services | 153155 | 153155 |
| Other Taxes & Fees | 26115 | 26115 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 733455 | Total |
| Program Services | 733455 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 160998 | BOY |
| EOY | 169563 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7956 | BOY |
| EOY | 4827 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 39560626 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 94009 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38400484 | BOY |
| EOY | 39466617 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38569438 | BOY |
| EOY | 39641007 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28603 | BOY |
| EOY | 43889 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1285984 | BOY |
| EOY | 1208989 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1489787 | BOY |
| EOY | 1855175 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21001260 | BOY |
| EOY | 21023653 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23805634 | BOY |
| EOY | 24131706 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 123057 | BOY |
| EOY | 687277 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14640747 | BOY |
| EOY | 14822024 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14763804 | BOY |
| EOY | 15509301 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38569438 | BOY |
| EOY | 39641007 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | X | SupportingOrganization509a3 |
| Supporting Org509a3 Type3 Func Int | X | SupportingOrg509a3Type3FuncInt |
| Certification Checkbox | X | CertificationCheckbox |
| Contrib By Controlling Individual | 0 | ContribByControllingIndividual |
| Contribution By Related Party | 0 | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | 0 | ContribBy35ControlledEntity |
Supported Org Information SupportedOrgInformation (2 entries)
| EINEIN | Type Of OrganizationTypeOfOrganization | Listed In Governing DocListedInGoverningDoc | Supported Organization NotifiedSupportedOrganizationNotified | Organized In USOrganizedInUS | AmountAmount |
|---|---|---|---|---|---|
| Clemson University | |||||
| 576000254 | IRC 115 | 1 | 1 | 1 | $0 |
| Clemson Univ Foundation | |||||
| 570426335 | IRC 170(B)(1)(A)(IV) | 1 | 1 | 1 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Supported Orgs | 2 | TotalNumberOfSupportedOrgs |
| Sum Of Amounts | 0 | SumOfAmounts |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 5717348 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 9528000 | OtherCostOrOtherBasis |
| Book Value | 15245348 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 1100000 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 1349226 | OtherCostOrOtherBasis |
| Depreciation | 58817 | Depreciation |
| Book Value | 2390409 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 481328 | OtherCostOrOtherBasis |
| Depreciation | 35192 | Depreciation |
| Book Value | 446136 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 21384724 | InvestmentCostOrOtherBasis |
| Book Value | 21384724 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 39466617 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Due to Clemson Univ. Foundation | Description |
| Amount | $21,023,653 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 21023653 | TotalOfAmounts |
| Total Revenue | 1478952 | TotalRevenue |
| Total Expenses | 733455 | TotalExpenses |
| Excess Or Deficit For Year | 745497 | ExcessOrDeficitForYear |
| Total Adjustments | 0 | TotalAdjustments |
| Excess Or Deficit Per FS | 745497 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 1478952 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 1478952 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 1478952 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 733455 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 733455 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 733455 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Part X: | Identifier |
| Return Reference | Description of Uncertain Tax Positions Under FIN 48: | ReturnReference |
| Explanation | THE FOUNDATION ADOPTED THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ON JULY 1, 2009. THE FOUNDATION'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX PROVISION TAKEN THAT IS BENEFICIAL TO THE FOUNDATION, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THAT THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2010 AND 2009 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A Neill Cameron Jr | |||||||||||||
| 0 | 203588 | 0 | 0 | 0 | 3685 | 0 | 27345 | 0 | 3953 | 0 | 238571 | 0 | 0 |
| Brett A Dalton | |||||||||||||
| 0 | 205697 | 0 | 0 | 0 | 187 | 0 | 27499 | 0 | 1527 | 0 | 234910 | 0 | 0 |
| Harrison F Trammell | |||||||||||||
| 0 | 193228 | 0 | 0 | 0 | 6388 | 0 | 10312 | 0 | 4332 | 0 | 214260 | 0 | 0 |
| Robert T Geolas | |||||||||||||
| 0 | 199583 | 0 | 0 | 0 | 7708 | 0 | 27284 | 0 | 6623 | 0 | 241198 | 0 | 0 |
Schedule M IRS990ScheduleM
Real Estate Other RealEstateOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 450000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | APPRAISAL | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 1 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Third Party Use: | Identifier |
| Return Reference | Part I, Line 32b: | ReturnReference |
| Explanation | Properties gifted to CUREF are offered for sale through qualified real estate brokers. REQUESTS FOR PROPOSALS are requested from brokers in the area where properties are located. The "Best fit, most responsive" broker is selected to list the property. OCCASIONALLY A DIRECTOR'S FIRM MAY BE SELECTED TO LIST PROPERTY. DIRECTOR DOES NOT VOTE ON SELECTION NOR PERSONALLY LIST THE PROPERTY. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (12 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Form 990, Part VI, Section A, line 2 | Charles Mickel and Robert Mundy, both voting directors, are partners in a business. WILLIAM SMITH AND BILL AMICK, BOTH VOTING DIRECTORS, ARE PARTNERS IN A BUSINESS. CUREF has a business relationship with Colliers Kennan to offer properties for sale. Roy Abercrombie, a voting director, is an employee of Colliers Keenan but is not the listing agent for these properties. | |
| Form 990, Part VI, Section A, line 4 | Effective February 12, 2010, CUREF amended and restated its Bylaws. Pursuant to this amendment and restatement of its Bylaws, in time the majority of CUREF's Board of Directors will be appointed by Clemson University. Previously Clemson University Foundation ("CUF") appointed the majority of CUREF's Board of Directors. As the terms of the directors appointed by CUF expire, Clemson University will appoint their replacements. Over time this will cause the majority of the CUREF Board to be appointed by Clemson University. Clemson University and Clemson University Foundation ("CUF") have been and continue to be named in CUREF's organizational documents as the organizations CUREF was formed to support. As such, CUREF continues to meet its organizational test as a supporting organization. CUREF continues to meet the operational test since at present it is operated in connection with CUF. In time, Clemson University will appoint a majority of CUREF's Board and at that time CUREF will be operated, supervised, or controlled by Clemson University. | |
| Form 990, Part VI, Section A, line 7a | The Board consists of eight members, three appointed by Clemson University Foundation and four elected members. The eighth member is the immediate past chair of CUREF. Amended and restated Bylaws adopted in February 2010 added two members appointed by Clemson University Board of Trustees. There are no members or stockholders, and the board's decisions are not subject to approval. | |
| Form 990, Part VI, Section B, line 11 | Form 990 WAS sent to all board members for review and comment prior to the filing deadline. | |
| Form 990, Part VI, Section B, line 12c | OFFICERS, DIRECTORS AND KEY EMPLOYEES MUST REVIEW AND SIGN THE CODE OF CONDUCT POLICY WHICH INCLUDES THE CONFLICT OF INTEREST POLICY ANNUALLY. CLEMSON UNIVERSITY REAL ESTATE FOUNDATION AND ITS SUBSIDIARIES HAVE LIMITED ACTIVITIES ALL OF WHICH ARE CONDUCTED BY FEWER THAN TEN PEOPLE. IN ADDITION, ALL INDIVIDUALS CONDUCTING BUSINESS ARE EMPLOYEES OF CLEMSON UNIVERSITY (CU) AND FOLLOW ALL CU POLICIES REGARDING CONFLICTS OF INTEREST, WHISTLEBLOWER, AND RECORD RETENTION. | |
| Form 990, Part VI, Section B, line 15 | COMPENSATION OF THE OFFICERS' IS DETERMINED THROUGH THE CLEMSON UNIVERSITY HUMAN RESOURCES DEPARTMENT WITHIN THE GUIDLINES ESTABLISHED BY THE STATE OF SOUTH CAROLINA. | |
| Form 990, Part VI, Section C, line 18 | The foundation's website (HTTP:WWW.CLEMSON.EDU/GIVING/CUFOUNDATIONS/CUREF/) displays links to governing documents, FINANCIAL STATEMENTS, IRS FORM 990 AND THE CONFLICT OF INTEREST POLICY. | |
| Form 990, Part VI, Section C, line 19 | The foundation's website (HTTP:WWW.CLEMSON.EDU/GIVING/CUFOUNDATIONS/CUREF/) displays links to governing documents, FINANCIAL STATEMENTS, IRS FORM 990 AND THE CONFLICT OF INTEREST POLICY. | |
| FORM 990, PART XI, LINE 2C | ALL RELATED ORGANIZATIONS OF CLEMSON UNIVERSITY PARTICIPATE IN A COMBINED REQUEST FOR PROPOSAL PROCESS EVERY FIVE YEARS. AT LEAST ONE MEMBER FROM EACH BOARD PARTICIPATES IN THE SELECTION PROCESS. THERE IS NO REQUIREMENTS FOR ALL ENTITIES TO SELECT THE SAME AUDIT FIRM BUT THAT HAS BEEN THE PRACTIcE FOR THE PAST NINE YEARS. | AUDIT COMMITTEE PROCESS: |
| Schedule R, PAGE 3, PART V AND SCHEDULE B | CLEMSON UNIVERSITY FOUNDATION (CUF) RECEIVES GIFTS ON BEHALF OF CLEMSON UNIVERSITY REAL ESTATE FOUNDATION (CUREF). GIFTS ARE DESIGNATED FOR CUREF BY THE DONORS. CUF DEPOSITS THOSE GIFTS TO RESTRICTED PROJECTS. FUNDS ARE TRANSFERRED TO CUREF UPON REQUEST. One Gift system is MAINTAINed FOR CLEMSON UNIVERSITY and its supporting organizations, CUREF RECEIVES FEW DIRECT GIFTS AND DOES NOT HAVE PROCESSES TO FACILITATE THE RECEIPT OF GIFTS. | gifts |
| Form 990, Part IV, Question 7: | The organization received a gift of land March 16, 2006 which requires a conservation easement on all but 100 acres of the land. The easement will be placed when the 100 acres not covered by the easement are identified. | CONSERVATION EASEMENT: |
| Form 990, PART V, LINES 7g and 7h: | There were no contributions received which would have required the organization to file either Form 8899 or 1098-C. | Compliance with Forms 8899 and 1098-C: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Total IncomeTotalIncome | EOY AssetsEOYAssets | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| LICAM LLC | |||||||||
| 5 RESEARCH DRIVE | GREENVILLE | SC | 29607 | 261304847 | Property Management | SC | 216695 | 5646 | CLEMSON UNIV REAL ESTATE FOUNDATION |
| LICAR LLC | |||||||||
| 5 RESEARCH DRIVE | GREENVILLE | SC | 29607 | 261304801 | Development of Real Estate | SC | 809183 | 24722157 | CLEMSON UNIV REAL ESTATE FOUNDATION |
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Direct Controlling Entity NADirectControllingEntityNA | Public Charity StatusPublicCharityStatus |
|---|---|---|---|---|---|---|---|---|---|
| CLEMSON UNIVERSITY | |||||||||
| ADMIN SERVICES BLDG Pearman Blvd | CLEMSON | SC | 29634 | 576000254 | RESEARCH UNIVERSITY | SC | IRC 115 | N/A | |
| CLEMSON UNIVERSITY FOUNDATION | |||||||||
| PO BOX 1889 | CLEMSON | SC | 296331889 | 570426335 | SUPPORT MISSIONS OF CU | SC | IRC 501(c)(3) | N/A | IRC 509(a)(1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 1 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 1 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 1 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (4 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| Clemson University Foundation - see memo on gifts at Schedule O | |
| C | 425000 |
| CLEMSON UNIVERSITY | |
| N | 278381 |
| CLEMSON UNIVERSITY FOUNDATION | |
| E | 21023653 |
| CLEMSON UNIVERSITY | |
| O | 278381 |