THE FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION INCORPORATED Charity Report

Public IRS 990 nonprofit record

THE FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION INCORPORATED

EIN 45-2337977 · Support N.E.C. (B19)

What they do

THE FSU REAL ESTATE FOUNDATION AIDS IN THE ADVANCEMENT of THE UNIVERSITY BY PROVIDING OVERSIGHT and EXPERTISE for THE UNIVERSITYS REAL ESTATE INITIATIVES. THE FSU REAL ESTATE FOUNDATION SUPPORTS THE UNIVERSITY and ITS DIRECT SUPPORT ORGANIZATIONS THROUGH ADMINISTERING REAL ESTATE GIFT ACCEPTANCE, STRATEGIC LAND ACQUISITIONS, DEVELOPMENT PROJECT LEADERSHIP and LONG TERM REAL ESTATE PLANNING. THE FSU REAL ESTATE FOUNDATION STRIVES to BE THE SOURCE of KNOWLEDGE and EXPERTISE for THE FLORIDA STATE COMMUNITY WHERE REAL ESTATE is CONCERNED.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $74.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders7 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

257.37%of revenue went to mission work74.7% of expenses · Program services

$344.43spent for every $100 of revenueSpending was higher than revenue this year.

87.06%of revenue went to management and office costs25.3% of expenses

2.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $2,146,840 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $136,117 for RICHARD D MCCULLOUGH (FSU PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$878,301

Mission workProgram services$2,260,487257.37% of revenue74.7% of expenses

ManagementOffice and general costs$764,65487.06% of revenue25.3% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$3,025,141344.43% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 74.7% mission · 25.3% management · 0.0% fundraisingTotal expenses: 344.43% of revenue

2023Expense mix: 15.7% mission · 84.3% management · 0.0% fundraisingTotal expenses: 58.36% of revenue

2022Expense mix: 1.8% mission · 98.2% management · 0.0% fundraisingTotal expenses: 106.06% of revenue

2021Expense mix: 29.1% mission · 70.9% management · 0.0% fundraisingTotal expenses: 71.81% of revenue

2020Expense mix: 78.3% mission · 21.7% management · 0.0% fundraisingTotal expenses: 71.60% of revenue

2019Expense mix: 7.3% mission · 92.7% management · 0.0% fundraisingTotal expenses: 75.46% of revenue

2017Expense mix: 68.7% mission · 31.3% management · 0.0% fundraisingTotal expenses: 202.69% of revenue

2016Expense mix: 69.1% mission · 30.9% management · 0.0% fundraisingTotal expenses: 309.19% of revenue

Money in and money out

Revenue$878,301

Expenses$3,025,141

Annual shortfall $2,146,840 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$2,260,487 · 74.7% of expenses

Management and office costs$764,654 · 25.3% of expenses

See all reported dollar amounts

Revenue$878,301

Expenses$3,025,141

Income$2,375,272

Contributions$18,850

Mission work (program services)$2,260,487

Grants given$3,874,280

Average grant$645,713

Management and general$764,654

Executive compensation (total)$225,275

Accounting fees$18,850

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

RICHARD D MCCULLOUGHFSU PRESIDENT · 1 hrs/week $136,117Base · Other $136,117

JOHN CARRIGANTREASURER · 2 hrs/week $87,921Base · Other $87,921

KEVIN C GRAHAMVICE PRESIDENT · 12 hrs/week $54,487Base · Other $54,487

MICHAEL HARTLINEINTERIM PRESIDENT UNTIL 10/1/22 $46,997Base · Other $46,997

MARLA A VICKERSFORMER FSU PRESIDENTIAL DESIGNEE $44,994Base · Other $44,994

BRADY ADCOXSECRETARY · 6 hrs/week $34,694Base · Other $34,694

WILLIAM SWEENEYCHAIR UNTIL 4/19/24 · 1 hrs/week $23,131Base · Other $23,131

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (7)

RICHARD D MCCULLOUGHFSU PRESIDENT

JOHN CARRIGANTREASURER

KEVIN C GRAHAMVICE PRESIDENT

MICHAEL HARTLINEINTERIM PRESIDENT UNTIL 10/1/22

MARLA A VICKERSFORMER FSU PRESIDENTIAL DESIGNEE

BRADY ADCOXSECRETARY

WILLIAM SWEENEYCHAIR UNTIL 4/19/24

About this charity

Recognized since: November 2011
Location: 200 W COLLEGE AVENUE 310, TALLAHASSEE, FL 32301
County: Leon
In care of: Kevin Graham
Primary officer: Kevin Graham, Executive Director

How to reach them

WebsiteVisit the charity’s website Phone(850) 644-6000 Officer phone(850) 644-0766

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CROWE LLP
NTEE classification: Support N.E.C. (B19)
IRS tax category: Support N.E.C.
Grant-giving organization: Yes