JAMES MADISON UNIVERSITY REAL ESTATE FOUNDATION INC

EIN: 541632549 501(c)(3) Education

Harrisonburg, VA

Total Revenue
$291
Total Expenses
$1,217
Total Assets
$4,894,492
Net Assets
$4,894,492
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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
VA
Principal Officer
Cheryl L Lindsay
Phone
5405683187
Tax Period
2023-07-01 to 2024-06-30

James Madison University Real Estate Foundation Inc, founded in 1992, is a micro nonprofit in the Education sector that reported $52K in total revenue in fiscal year 2017. Revenue decreased 6% compared to the prior year. Expenses of $74K exceeded revenue, resulting in a 42% operating deficit.

Mission

The purpose of the James Madison University Real Estate Foundation is to receive, manage and dispose of real property in such manner as promotes the welfare, efficiency and objectives of James Madison University.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $291
Other Revenue $0
TOTAL REVENUE $291

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,192
Other Expenses $1,217
TOTAL EXPENSES $1,217

Year-over-Year Comparison

2023 2022 Change
Revenue $291 $219,951 -1.0%
Expenses $1,217 $91,426 -1.0%
Net Income $-926 $128,525 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
22
Independent Members
22
Employees
N/A
Volunteers
25

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$557,169
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Warren K Coleman CEO 5
Officer
$0 $36,995 $261,926
Cheryl L Lindsay Vice President/Chief Financial Officer 5
Officer
$0 $34,002 $169,525
Tammy KC Balser Secretary, Senior Acctg Manager - Operations 1.0
Officer
$0 $32,896 $125,718
David S Kay Chair 1.0
Officer Director
$0 $0 $0
John Alouf Trustee 1
Director
$0 $0 $0
A Jerry Benson Trustee 1
Director
$0 $0 $0
Jarl Bliss Trustee 1
Director
$0 $0 $0
Darrel Branch Trustee 1
Director
$0 $0 $0
Linda W Cross Trustee 1
Director
$0 $0 $0
Joseph K Funkhouser II Trustee 1
Director
$0 $0 $0
Enrico Gaglioti Trustee 1
Director
$0 $0 $0
James E Hartman Trustee 1
Director
$0 $0 $0
Heather Hedrick Trustee 1
Director
$0 $0 $0
F Claiborne Johnston III Trustee 1
Director
$0 $0 $0
Nicholas L Langridge Trustee, Ex-Officio 1.0
Director
$0 $0 $0
Ellen W Meyer Trustee 1
Director
$0 $0 $0
Towana H Moore Trustee, Ex-Officio 1
Director
$0 $0 $0
Jon Offley Vice Chair 1
Officer Director
$0 $0 $0
J Barry Purcell III Trustee 1.0
Director
$0 $0 $0
Robin Reifsnider Trustee 1
Director
$0 $0 $0
James L Riley Trustee 1
Director
$0 $0 $0
Jennifer E Shirkey Trustee 1
Director
$0 $0 $0
Paul M Thompson Trustee 1.0
Director
$0 $0 $0
Michael S Walden Trustee 1.0
Director
$0 $0 $0
Owen Wilson Trustee 1.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $291 $1,217 $4,894,492 $-926
2023 $219,951 $91,426 $4,895,418 $128,525
2022 $34,046 $55,492 $5,481,486 $-21,446
2021 $35,713 $649,409 $5,506,353 $-613,696
2020 $53,846 $80,768 $6,117,157 $-26,922
2019 $51,546 $400,547 $6,145,660 $-349,001
2018 $52,146 $73,929 $6,493,152 $-21,783
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