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Florida State University Real Estate Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.67M (2024)

Expenses
$975k (2024)

Total Assets
$17.2M (2024)

Total Liabilities
$15M (2024)

Source: Form 990 tax filings from 2012 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,670,297
Expenses
$974,812
Net Income
$695,485
Net Assets
$2,146,840
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,076,701
64.5%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $648,255
38.8%
Net Fundraising $0
Sales of Assets -$54,688
Net Inventory Sales $0
Other Revenue $29
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $17,164,824
Total Liabilities $15,017,984
Net Assets $2,146,840
Compensation
Key Employees and Officers Compensation Related Other
Marla A Vickers (Fsu Presidential Designee Thru April 2024) $0 $447,999 $51,487
Richard D Mc Cullough (Fsu President) $0 $1,365,751 $131,166
William Sweeney (Chair) $0 $161,445 $20,669
Brian K Swain (Past Chair Thru April 2024) $0 $0 $0
Frank Nardozza (Director Thru April 2024) $0 $0 $0
Heather Cave (Director Thru April 2024) $0 $80,059 $30,203
Jay M Caplin (Chair Emeritus Thru April 2024) $0 $0 $0
John Crossman (Director Thru April 2024) $0 $0 $0
Kyle D Riva (Director Thru April 2024) $0 $0 $0
Vivian De Las Cuevas Diaz (Director Thru April 2024) $0 $0 $0
Brady Adcox (Secretary) $0 $86,204 $33,456
John F Carrigan (Treasurer) $0 $166,261 $82,235
Kevin C Graham (Vice President) $0 $206,508 $51,267
Michael Hartline (Interim President Until 10/1/22) $0 $431,897 $39,546

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,032,714
Expenses
$1,095,340
Net Income
-$62,626
Net Assets
$1,451,355
Notable Sources of Revenue Percent of Total Revenue
Contributions $332,718
32.2%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $699,996
67.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $69,890
6.4%
Professional Fundraising Fees $0
Other Salaries and Wages $105,805
9.7%
Assets/Debt
Total Assets $17,285,323
Total Liabilities $15,833,968
Net Assets $1,451,355
Compensation
Key Employees and Officers Compensation Related Other
Adrienne Recalde (Director) $0 $0 $0
Brian K Swain (Past Chair) $0 $0 $0
Doug J Rillstone (Vice Chair) $0 $0 $0
Heather Cave (Director) $0 $88,250 $30,848
Jay M Caplin (Chair) $0 $0 $0
William Sweeney (Director) $0 $149,575 $17,104
Dave Irvin (Director) $0 $241,337 $45,512
Frank Nardozza (Director) $0 $0 $0
Michael Hartline (Interim President Until 10/1/22) $0 $440,934 $42,945
Vivan De Las Cuevas Diaz (Director) $0 $0 $0
John Crossman (Director) $0 $0 $0
Kyle Riva (Director) $0 $0 $0
Marla Vickers (President Starting 10/1/22) $0 $126,188 $11,377
Kevin C Graham (Vice President) $0 $190,067 $48,617
Brady Adcox (Secretary Interim Starting 4/12/23) $0 $70,018 $31,799
John Carrigan (Treasurer) $0 $116,450 $44,701
Brice Kayiranga (Secretary 10/8/22 4/11/23) $0 $9,628 $1,697
Holly Newell (Former Treasurer) $0 $85,276 $13,687
Andy A Jhanji (Former President) $0 $337,032 $23,566

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Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,893,220
Expenses
$1,359,578
Net Income
$533,642
Net Assets
$1,513,981
Notable Sources of Revenue Percent of Total Revenue
Contributions $577,207
30.5%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $700,092
37.0%
Net Fundraising $0
Sales of Assets -$109,079
Net Inventory Sales $0
Other Revenue $725,000
38.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $68,653
5.0%
Professional Fundraising Fees $0
Other Salaries and Wages $97,408
7.2%
Assets/Debt
Total Assets $18,254,566
Total Liabilities $16,740,585
Net Assets $1,513,981
Compensation
Key Employees and Officers Compensation Related Other
Adrienne Recalde (Director) $0 $0 $0
Brian K Swain (Past Chair) $0 $0 $0
David Coburn (Director) $0 $738,320 $32,866
Doug J Rillstone (Vice Chair) $0 $0 $0
Heather Cave (Director) $0 $83,458 $17,514
Jay M Caplin (Chair) $0 $0 $0
William Lloyd (Director) $0 $0 $0
William Sweeney (Director) $0 $151,360 $15,411
Andy Jhanji (President Until 4/22/22) $0 $338,134 $52,671
Dave Irvin (Director) $0 $244,893 $44,391
Frank Nardozza (Director) $0 $0 $0
Michael Hartline (President (Interim)) $0 $406,086 $38,652
Vivan De Las Cuevas Diaz (Director) $0 $0 $0
John Crossman (Director) $0 $0 $0
Peter Collins (Director Until 9/16/21) $0 $0 $0
Holly Newell (Treasurer Until 3/23/22) $0 $166,938 $40,186
Kevin C Graham (Vice President) $0 $189,452 $44,889
Brady Adcox (Secretary) $0 $52,149 $29,695
Michael Williams (Treasurer 3/24/22 5/15/22) $0 $239,962 $90,379
John Carrigan (Treasurer Starting 5/16/22) $0 $0 $0

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Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,732,772
Expenses
$1,240,747
Net Income
$492,025
Net Assets
$980,339
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,380,094
79.6%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $50,555
2.9%
Net Fundraising $0
Sales of Assets $302,123
17.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $67,965
5.5%
Professional Fundraising Fees $0
Other Salaries and Wages $96,981
7.8%
Assets/Debt
Total Assets $19,035,060
Total Liabilities $18,054,721
Net Assets $980,339
Compensation
Key Employees and Officers Compensation Related Other
Adrienne Recalde (Director) $0 $0 $0
Brian K Swain (Director) $0 $0 $0
David Coburn (Director) $0 $534,218 $31,219
Dennis Bailey (Director Until 11/20/20) $0 $266,350 $37,863
Doug J Rillstone (Director) $0 $0 $0
Heather Cave (Director) $0 $83,755 $16,779
Jay M Caplin (Vice Chair) $0 $0 $0
Stephen L Pattison (Chair) $0 $0 $0
Thomas W Jennings Jr (President Until 8/9/20) $0 $386,950 $36,013
William Lloyd (Director) $0 $0 $0
William Buzzett (Director Until 3/8/21) $0 $0 $0
William Sweeney (Director) $0 $152,812 $14,072
Andy Jhanji (President) $0 $305,666 $47,938
Dave Irvin (Director) $0 $63,170 $10,846
Frank Nardozza (Director) $0 $0 $0
John Crossman (Director) $0 $0 $0
Peter Collins (Director) $0 $0 $0
Holly Newell (Treasurer) $0 $162,556 $40,806
Kevin C Graham (Vice President) $0 $192,393 $41,950
Mary Ann Parks (Secretary Until July 2020) $0 $106,270 $20,117
Brady Adcox (Secretary) $0 $50,235 $28,072
Jon Michael Sima (Secretary Until 4/16/20) $0 $60,783 $26,507
Michael Williams (Key Employee) $0 $226,410 $82,483

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Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$712,996
Expenses
$537,996
Net Income
$175,000
Net Assets
$488,314
Notable Sources of Revenue Percent of Total Revenue
Contributions $721,041
> 100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$8,089
Net Inventory Sales $0
Other Revenue $44
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $225,275
41.9%
Professional Fundraising Fees $0
Other Salaries and Wages $129,013
24.0%
Assets/Debt
Total Assets $2,282,684
Total Liabilities $1,794,370
Net Assets $488,314
Compensation
Key Employees and Officers Compensation Related Other
Adrienne Recalde (Director) $0 $0 $0
Brett A Braciak (Director) $0 $0 $0
Brian K Swain (Past Chair) $0 $0 $0
David Coburn (Director) $0 $548,528 $31,063
Dennis Bailey (Director) $0 $198,026 $38,668
Doug J Rillstone (Director) $0 $0 $0
Heather Cave (Director) $0 $80,614 $16,166
Jay M Caplin (Vice Chair) $0 $0 $0
Stephen L Pattison (Chair) $0 $0 $0
Thomas W Jennings Jr (President) $0 $364,760 $46,164
William Lloyd (Director) $0 $0 $0
William Buzzett (Director) $0 $0 $0
William Sweeney (Director) $0 $146,934 $12,186
Michael Williams (Director) $0 $202,170 $71,918
Holly Newell (Treasurer) $0 $153,984 $41,802
Jon Michael Sima (Secretary (Until April 2020)) $0 $53,640 $24,965
Kevin C Graham (Vice President) $0 $183,611 $37,987
Mary Ann Parks (Secretary (Interim)) $0 $101,525 $18,360

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Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$613,409
Expenses
$642,021
Net Income
-$28,612
Net Assets
$315,814
Notable Sources of Revenue Percent of Total Revenue
Contributions $624,545
> 100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$11,427
Net Inventory Sales $0
Other Revenue $291
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $215,580
33.6%
Professional Fundraising Fees $0
Other Salaries and Wages $83,736
13.0%
Assets/Debt
Total Assets $327,406
Total Liabilities $11,592
Net Assets $315,814

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Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$983,303
Expenses
$1,993,032
Net Income
-$1,009,729
Net Assets
$342,926
Notable Sources of Revenue Percent of Total Revenue
Contributions $645,976
65.7%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $17,466
1.8%
Net Fundraising $0
Sales of Assets $319,861
32.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $226,620
11.4%
Professional Fundraising Fees $0
Other Salaries and Wages $128,233
6.4%
Assets/Debt
Total Assets $584,812
Total Liabilities $241,886
Net Assets $342,926
Compensation
Key Employees and Officers Compensation Related Other
Beth A Azor (Emeritus) $0 $0 $0
Brian K Swain (Chair) $0 $0 $0
Brett A Braciak (Director) $0 $0 $0
Stephen L Pattison (Vice Chair) $0 $0 $0
William Buzzett (Director) $0 $0 $0
Thomas W Jennings Jr (President) $0 $338,572 $43,007
Doug J Rillstone (Director) $0 $0 $0
J Everitt Drew (Director) $0 $0 $0
Heather Cave (Director) $0 $77,184 $14,952
Adrienne E Kelley (Director) $0 $0 $0
Jay M Caplin (Director) $0 $0 $0
Dennis Bailey (Director) $0 $211,500 $37,745
William Sweeney (Director) $0 $139,165 $10,764
David Coburn (Director) $0 $205,229 $11,289
Kevin C Graham (Vice President) $0 $167,936 $34,458
Holly Newell (Treasurer) $0 $148,967 $38,038
Jon Michael Sima (Secretary) $0 $51,145 $23,370

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$584,221
Expenses
$1,806,338
Net Income
-$1,222,117
Net Assets
$1,352,655
Notable Sources of Revenue Percent of Total Revenue
Contributions $594,128
> 100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$9,940
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $33
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $196,462
10.9%
Professional Fundraising Fees $0
Other Salaries and Wages $58,189
3.2%
Assets/Debt
Total Assets $1,379,300
Total Liabilities $26,645
Net Assets $1,352,655
Compensation
Key Employees and Officers Compensation Related Other
Beth A Azor (Chair) $0 $0 $0
Brian K Swain (Vice Chair) $0 $0 $0
Brett A Braciak (Director) $0 $0 $0
Robert M Breslau (Director) $0 $0 $0
William Buzzett (Director) $0 $0 $0
Thomas W Jennings Jr (President) $0 $317,945 $40,554
Leslie A Mc Keon (Director) $0 $0 $0
Stephen L Pattison (Director) $0 $0 $0
J Everitt Drew (Director) $0 $0 $0
Heather Cave (Director) $0 $66,297 $11,904
Kevin C Graham (Vice President) $0 $156,313 $32,003
Holly Newell (Treasurer) $0 $145,201 $36,378
Jon Michael Sima (Secretary) $0 $49,864 $21,824

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Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,549,456
Expenses
$614,860
Net Income
$934,596
Net Assets
$2,561,855
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,628,394
> 100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$31,470
Net Fundraising $0
Sales of Assets -$47,495
Net Inventory Sales $0
Other Revenue $27
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $192,633
31.3%
Professional Fundraising Fees $0
Other Salaries and Wages $31,414
5.1%
Assets/Debt
Total Assets $2,576,601
Total Liabilities $14,746
Net Assets $2,561,855
Compensation
Key Employees and Officers Compensation Related Other
Thomas W Jennings Jr (President) $0 $300,287 $40,069
William E Sweeney (Director) $0 $133,368 $10,024
Beth A Azor (Chair) $0 $0 $0
Brian K Swain (Vice Chair) $0 $0 $0
Brett A Braciak (Director) $0 $0 $0
Robert M Breslau (Director) $0 $0 $0
William Billy Buzzett (Director) $0 $0 $0
Leslie A Mckeon (Director) $0 $0 $0
Nancy L Linnan (Director) $0 $0 $0
Stephen L Pattison (Director) $0 $0 $0
J Everitt Drew (Director) $0 $0 $0
Holly Newell (Treasurer) $0 $108,800 $33,222
Jon Michael Sima (Secretary) $0 $48,396 $20,542
Kevin C Graham (Vice President) $0 $152,705 $31,114
Laura Powell (Interim Treasurer) $0 $105,224 $16,752

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$477,969
Expenses
$347,918
Net Income
$130,051
Net Assets
$1,627,259
Notable Sources of Revenue Percent of Total Revenue
Contributions $401,158
83.9%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$12,705
Net Fundraising $0
Sales of Assets $89,516
18.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $180,355
51.8%
Professional Fundraising Fees $0
Other Salaries and Wages $15,977
4.6%
Assets/Debt
Total Assets $1,639,780
Total Liabilities $12,521
Net Assets $1,627,259
Compensation
Key Employees and Officers Compensation Related Other
Beth A Azor (Chair) $0 $0 $0
Brian K Swain (Vice Chair) $0 $0 $0
Robert M Breslau (Director) $0 $0 $0
Edward E Burr (Director) $0 $0 $0
Thomas W Jennings Jr (President) $0 $287,515 $38,223
Leslie A Mckeon (Director) $0 $0 $0
Stephen L Pattison (Director) $0 $0 $0
J Everitt Drew (Director) $0 $0 $0
William Bill Sweeney (Director) $0 $129,591 $9,534
Brett A Braciak (Director) $0 $0 $0
Gerald J Ganz Jr (Treasurer) $0 $142,849 $31,064
Lynda Williams (Secretary) $0 $46,170 $11,693
Kevin C Graham (Vice President) $0 $147,221 $29,708
Laura Powell (Interim Treasurer) $0 $88,808 $15,237

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$204,278
Expenses
$304,495
Net Income
-$100,217
Net Assets
$1,497,208
Notable Sources of Revenue Percent of Total Revenue
Contributions $592,007
> 100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$50,278
Net Fundraising $0
Sales of Assets -$337,543
Net Inventory Sales $0
Other Revenue $92
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $137,530
45.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,553,157
Total Liabilities $55,949
Net Assets $1,497,208
Compensation
Key Employees and Officers Compensation Related Other
Kevin Graham (Executive Director) $42,127 $51,172 $15,072
Beth A Azor (Chair) $0 $0 $0
Brian K Swain (Vice Chair) $0 $0 $0
Bob Breslau (Director) $0 $0 $0
Edward Burr (Director) $0 $0 $0
Thomas W Jennings (Director) $0 $318,356 $31,786
Leslie A Mckeon (Director) $0 $0 $0
Steve Pattison (Director) $0 $0 $0
J Everitt Drew (Director) $0 $0 $0
William Sweeney (Director) $0 $126,861 $7,685
Gerald J Ganz Jr (Treasurer) $0 $144,845 $22,675
Lynda Williams (Secretary) $0 $47,090 $9,117

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,258,111
Expenses
$69,311
Net Income
$1,188,800
Net Assets
$1,814,882
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,258,111
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,825,996
Total Liabilities $11,114
Net Assets $1,814,882

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$646,993
Expenses
$20,911
Net Income
$626,082
Net Assets
$626,082
Notable Sources of Revenue Percent of Total Revenue
Contributions $646,993
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $627,291
Total Liabilities $1,209
Net Assets $626,082

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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