2011-05-13T14:24:22-05:00 2010-06-30 PLANTE & MORAN PLLC PO BOX 307 SOUTHFIELD MI 480370307 990 2009-07-01 300023422 THE UNIVERSITY OF TOLEDO FOUNDATION REAL ESTATE CORP UTFO 4195307730 2801 BANCROFT MS 319 TOLEDO OH 43606 BRENDA LEE 4195307730 2011-05-12 1 2483522500 2009 2016-02-24 21:20:13Z BRENDA LEE 2801 BANCROFT MS 319 TOLEDO OH 43606 2201048 0 X www.utoledo.edu/foundation X 2001 OH THE UNIVERSITY OF TOLEDO FOUNDATION REAL ESTATE CORP ACQUIRES AND HOLDS TITLE TO REAL PROPERTY FOR THE BENEFIT OF THE UNIVERSITY OF TOLEDO. 8 8 0 13 0 0 782436 0 -633540 -321882 -471948 -321882 -323052 0 0 0 0 0 0 0 -321882 -323052 6667103 5982430 1371493 841256 5295610 5141174 THE UNIVERSITY OF TOLEDO FOUNDATION REAL ESTATE CORPORATION ACQUIRES, HOLDS TITLE TO, AND COLLECTS INCOME FOR REAL PROPERTY FOR THE BENEFIT OF THE UNIVERSITY OF TOLEDO. 0 0 THE UNIVERSITY OF TOLEDO FOUNDATION REAL ESTATE CORP. ACQUIRES AND HOLDS TITLE TO REAL PROPERTY FOR THE BENEFIT OF THE UNIVERSITY OF TOLEDO. 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 8 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X BRYAN DADEY VP OF FINANCE 4195307730 2801 W BANCROFT MS 319 TOLEDO OH 43606 X JEFFREY MILLER 1.00 X X 0 0 0 ROBERT HINKLE 1.00 X X 0 0 0 GREGORY KOPAN 1.00 X 0 0 0 DAN LAVALLEY 1.00 X 0 0 0 STEVEN LENNOX 1.00 X 0 0 0 BRIAN MCMAHON 1.00 X 0 0 0 MILTON KNIGHT 1.00 X 0 0 0 MICHAEL TODAK 1.00 X 0 0 0 BRENDA LEE 10.00 X 0 127140 27856 MATTHEW SCHROEDER 20.00 X 0 95706 27507 BRYAN C DADEY CPA 10.00 X 0 79354 24810 0 302200 80173 0 0 1 0 0 782436 782436 512 512 36440 590048 -553608 -553608 -553608 1300000 1934052 -634052 -634052 -634052 real estate ventures 900099 81500 81500 miscellaneous income 900099 160 160 81660 -323052 0 0 -1105488 0 0 0 0 151233 34794 139492 32040 6249586 333990 5176220 5915596 1200158 0 6667103 5982430 14871 51725 1319768 806334 0 20051 1371493 841256 X 5295610 5141174 5295610 5141174 6667103 5982430 X 0 1 1 X 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5423540 5423540 826046 333990 492056 5915596 PAYABLE TO UNIVERSITY OF TOLEDO 20051 20051 -323052 -323052 168616 168616 -154436 0 0 0 BRENDA LEE 0 127140 0 0 0 0 0 9056 0 18800 0 154996 0 0 Supplemental Information Part III THE ORGANIZATION RELIED ON A RELATED ORGANIZATION THAT USED THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S OFFICERS AND DIRECTORS: - COMPENSATION COMMITTEE - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE Form 990, Part VI, Section A, line 6 THE UNIVERSITY OF TOLEDO FOUNDATION IS THE SOLE MEMBER OF THE UNIVERSITY OF TOLEDO FOUNDATION. Form 990, Part VI, Section A, line 7a THE UNIVERSITY OF TOLEDO FOUNDATION APPROVES THE ELECTION OF ALL BOARD MEMBERS OF THE UNIVERSITY OF TOLEDO FOUNDATION REAL ESTATE CORPORATION. Form 990, Part VI, Section A, line 7b THE UNIVERSITY OF TOLEDO FOUNDATION BOARD OF DIRECTORS APPROVES ALL ACTIONS OF THE UNIVERSITY OF TOLEDO FOUNDATION REAL ESTATE CORPORATION BOARD OF DIRECTORS. Form 990, Part VI, Section B, line 11 MANAGEMENT PRESENTS THE BOARD OF TRUSTEES - FINANCE COMMITTEE WITH THE FINAL FORM 990 ALONG WITH A LIST OF MANAGEMENT ASSERTIONS REGARDING THE COMPLETENESS AND ACCURACY OF THE FORM AND THE EXISTENCE OF THE POLICIES AND PROCEDURES DOCUMENTED IN FORM 990. THE FINANCE COMMITTEE IS CHARGED TO PROVIDE THE REVIEW AND APPROVAL FUNCTION OF FORM 990 FOR THE BOARD OF TRUSTEES. THE FINANCE COMMITTEE UPON APPROVAL OF THE FINAL FORM 990 PRESENTS ITS FINDINGS TO THE EXECUTIVE COMMITTEE AND BOARD OF TRUSTEES OF THE UNIVERSITY OF TOLEDO FOUNDATION REAL ESTATE CORP. Form 990, Part VI, Section B, line 12c ON AN ANNUAL BASIS, THE MEMBERS OF THE BOARD OF TRUSTEES FOR THE UNIVERSITY OF TOLEDO FOUNDATION REAL ESTATE CORP. ARE REQUIRED TO COMPLETE TRUSTEE DISCLOSURE STATEMENTS WHICH AFFIRMS EACH MEMBER RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, AND AGREES TO COMPLY WITH THE POLICY. TRUSTEES ARE REQUIRED TO DISCLOSE ANY FAMILY AND BUSINESS RELATIONSHIPS, FINANCIAL INTEREST, AND THE STATUS OF THEIR INDEPENDENCE. TRUSTEES ARE ALSO REQUESTED BY THE BOARD OR COMMITTEE CHAIR TO DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICTS BEFORE VOTING ON MATTERS RELATED TO AWARDING BUSINESS WITH THE FOUNDATION. ALL DISCLOSURE STATEMENTS ARE REVIEWED BY THE COMMITTEE OF TRUSTEES AND MAINTAINED BY THE PRESIDENT OF THE FOUNDATION TO DETERMINE EXISTENCE OF A CONFLICT. ANY DISCLOSED OR IDENTIFIED ACTUAL OR POSSIBLE CONFLICTS ARE DISCUSSED WITH THE CHAIR OF THE BOARD OF TRUSTEES AND MAY BE PRESENTED TO THE EXECUTIVE COMMITTEE FOR DISCUSSION AND RESOLUTION. ANY FINANCIAL INTERESTS DISCLOSED PRIOR TO ACTION BEING TAKEN AT A MEETING SHALL BE DISCUSSED WITH THE INTERESTED PERSON. THE REMAINING TRUSTEES OR COMMITTEE MEMBERS SHALL DETERMINE IF A CONFLICT EXISTS BY VOTE, AND THE RESULTS WILL BE RECORDED IN THE MINUTES. THE CHAIR OR COMMITTEE MAY APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE ARRANGEMENT IN QUESTION. THE BOARD OR COMMITTEE WILL EXERCISE DUE DILIGENCE AND DETERMINE IF MORE ADVANTAGEOUS ARRANGEMENTS CAN BE REASONABLY MADE THAT WOULD NOT BE A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS OPTION IS NOT REASONABLY ATTAINABLE, THE BOARD OR COMMITTEE WILL DETERMINE BY MAJORITY VOTE IF THE ARRANGEMENT IN QUESTION IS IN THE BEST INTEREST OF THE FOUNDATION AND IF IT IS FAIR AND REASONABLE. MEMBERS THAT FAIL TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST WILL BE AFFORDED THE OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. THE BOARD OR COMMITTEE MAY CONDUCT FURTHER INVESTIGATION IF WARRANTED. THE BOARD OR COMMITTEE WILL THEN DETERMINE WHETHER A FAILURE TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST RESULTS IN DISCIPLINARY AND CORRECTIVE ACTION. Form 990, Part VI, Section C, line 19 THE ORGANIZATION'S DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 2C THE AUDIT PROCESS HAS NOT CHANGED WITHIN THE CURRENT YEAR. FORM 990, PART VII THE FOLLOWING INDIVIDUALS DEVOTED AN AVERAGE OF 40 HOURS A WEEK TO THE UNIVERSITY OF TOLEDO FOUNDATION, A RELATED ORGANIZATION: - BRENDA LEE - MATTHEW SCHROEDER - BRYAN DADEY, CPA THE UNIVERSITY OF TOLEDO 2801 W BANCROFT MS 319 TOLEDO OH 43606 A PUBLIC INSTITUTION OF HIGHER EDUCATION OH IRC SEC. 115 N/A N/A THE UNIVERSITY OF TOLEDO FOUNDATION 2801 W BANCROFT MS 319 TOLEDO OH 43606 346555110 TO SUPPORT THE UNIVERSITY OF TOLEDO AND THE STUDENTS OF THE UNIVERSITY OH IRC SEC. 501(C)(3) 5 THE UNIVERSITY OF TOLEDO 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 THE UNIVERSITY OF TOLEDO FOUNDATION C 782436 THE UNIVERSITY OF TOLEDO FOUNDATION E 630789