Civic Intelligence

Ksu Charitable Real Estate Foundation

EIN 45-3417512 • 501(c)3 • Manhattan, KS

Profile

Accepting, holding, and managing real property for kansas state university foundation.

1800 Kimball Avenue Ste 200Manhattan, KS 66502

ksufoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

54th percentile

0.30x

Higher debt load relative to assets than 54% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Liabilities / Revenue

100th percentile

184.61x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Net Margin

1st percentile

-2115%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

55th percentile

7.1%

Faster asset growth than 55% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2025

Revenue Growth

1st percentile

-91%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2025

Assets

Down

$102,538,915

Down $7,903,773 (-7.2%) from 2024

Liabilities

Down

$31,088,210

Down $8,129,249 (-21%) from 2024

Net Assets

Up

$71,450,705

Up $225,476 (+0.3%) from 2024

Revenue

Down

$168,395

Down $4,118,944 (-96%) from 2024

Expenses

Up

$3,729,989

Up $2,870,116 (+334%) from 2024

Net Income

Down

-$3,561,594

Down $6,989,060 (-204%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2012: $0Liabilities 2012: $0Net Assets 2012: $02012Assets 2013: $23,741,923Liabilities 2013: $1,898,887Net Assets 2013: $21,843,0362013Assets 2014: $23,465,339Liabilities 2014: $1,326,412Net Assets 2014: $22,138,9272014Assets 2015: $23,189,129Liabilities 2015: $1,211,584Net Assets 2015: $21,977,5452015Assets 2016: $27,446,310Liabilities 2016: $2,333,166Net Assets 2016: $25,113,1442016Assets 2017: $29,528,308Liabilities 2017: $2,573,227Net Assets 2017: $26,955,0812017Assets 2018: $52,971,626Liabilities 2018: $11,423,715Net Assets 2018: $41,547,9112018Assets 2019: $47,891,685Liabilities 2019: $13,064,165Net Assets 2019: $34,827,5202019Assets 2020: $41,800,506Liabilities 2020: $12,189,900Net Assets 2020: $29,610,6062020Assets 2021: $44,999,995Liabilities 2021: $13,189,244Net Assets 2021: $31,810,7512021Assets 2022: $57,147,439Liabilities 2022: $22,972,486Net Assets 2022: $34,174,9532022Assets 2023: $89,404,425Liabilities 2023: $32,711,802Net Assets 2023: $56,692,6232023Assets 2024: $110,442,688Liabilities 2024: $39,217,459Net Assets 2024: $71,225,2292024Assets 2025: $102,538,915Liabilities 2025: $31,088,210Net Assets 2025: $71,450,7052025

Highlighted filing

2025

Assets$102,538,915
Liabilities$31,088,210
Net Assets$71,450,705

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MExpenses 2012: $02012Expenses 2013: $265,3692013Revenue 2014: $29,078Expenses 2014: $270,515Net Income 2014: -$241,4372014Revenue 2015: $1,731,486Expenses 2015: $3,915,606Net Income 2015: -$2,184,1202015Revenue 2016: $2,224,268Expenses 2016: $342,317Net Income 2016: $1,881,9512016Revenue 2017: $4,430,639Expenses 2017: $2,147,558Net Income 2017: $2,283,0812017Revenue 2018: $15,541,795Expenses 2018: $612,749Net Income 2018: $14,929,0462018Revenue 2019: $2,448,443Expenses 2019: $7,335,499Net Income 2019: -$4,887,0562019Revenue 2020: $1,853,998Expenses 2020: $7,067,168Net Income 2020: -$5,213,1702020Revenue 2021: $2,961,048Expenses 2021: $993,595Net Income 2021: $1,967,4532021Revenue 2022: $2,683,508Expenses 2022: $2,388,333Net Income 2022: $295,1752022Revenue 2023: $22,005,678Expenses 2023: $1,930,111Net Income 2023: $20,075,5672023Revenue 2024: $4,287,339Expenses 2024: $859,873Net Income 2024: $3,427,4662024Revenue 2025: $168,395Expenses 2025: $3,729,989Net Income 2025: -$3,561,5942025

Highlighted filing

2025

Revenue$168,395
Expenses$3,729,989
Net Income-$3,561,594

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$103$31.1$71.5$0.17$3.73$3.56
2024Detailed filing. Detailed filing data is available for this year.$110$39.2$71.2$4.29$0.86$3.43
2023Detailed filing. Detailed filing data is available for this year.$89.4$32.7$56.7$22.0$1.93$20.1
2022Detailed filing. Detailed filing data is available for this year.$57.1$23.0$34.2$2.68$2.39$0.30
2021Detailed filing. Detailed filing data is available for this year.$45.0$13.2$31.8$2.96$0.99$1.97
2020Detailed filing. Detailed filing data is available for this year.$41.8$12.2$29.6$1.85$7.07$5.21
2019Detailed filing. Detailed filing data is available for this year.$47.9$13.1$34.8$2.45$7.34$4.89
2018Detailed filing. Detailed filing data is available for this year.$53.0$11.4$41.5$15.5$0.61$14.9
2017Detailed filing. Detailed filing data is available for this year.$29.5$2.57$27.0$4.43$2.15$2.28
2016Detailed filing. Detailed filing data is available for this year.$27.4$2.33$25.1$2.22$0.34$1.88
2015Detailed filing. Detailed filing data is available for this year.$23.2$1.21$22.0$1.73$3.92$2.18
2014Detailed filing. Detailed filing data is available for this year.$23.5$1.33$22.1$0.03$0.27$0.24
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.7$1.90$21.8$0.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 26, 2026
Return Version
2024v5.1
Gross Receipts
$1,799,606
Mission and Program Overview

Mission

Accepting, holding, and managing real property for kansas state university foundation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$72,564,337$74,699,528▲ $2,135,191
Investments Other Securities$9,112,900$9,793,535▲ $680,635
Accounts Receivable$9,568,297$9,022,272▼ $546,025
Other Notes and Loans Receivable, Net$17,459,400$7,085,400▼ $10,374,000
Savings and Temporary Cash Investments$1,365,026$1,617,782▲ $252,756
Cash and Non-Interest-Bearing Accounts$372,059$319,165▼ $52,894
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$110,442,688$102,538,915▼ $7,903,773
Other Assets Total$669$1,233▲ $564
Liabilities
Unsecured Notes Loans Payable$18,426,601$10,470,108▼ $7,956,493
Tax Exempt Bond Liabilities$9,623,279$9,437,367▼ $185,912
Mortgage Notes Payable Secured by Investment Property$7,173,633$7,085,400▼ $88,233
Accounts Payable and Accrued Expenses$3,993,946$4,095,335▲ $101,389
Other Liabilities$0$0→ $0
Total Liabilities$39,217,459$31,088,210▼ $8,129,249
Net Assets / Fund Balance
Net Assets With Donor Restrictions$61,261,077$64,529,152▲ $3,268,075
Net Assets Without Donor Restrictions$9,964,152$6,921,553▼ $3,042,599
Total Net Assets Fund Balance$71,225,229$71,450,705▲ $225,476
Total Liabilities and Net Assets / Fund Balance$110,442,688$102,538,915▼ $7,903,773

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,846,617--
Other Land Buildings$22,600--
Land$68,520,363--
Equipment$266,316$37,902-
Leasehold Improvements$43,632--
Other Securities$9,793,535--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tim TaylorChair, Board of Directors
Greg LohrentzPresident
Steve TheedeVice Chair, Board of Directors
Dave EverettMember, Board of Directors
Gabe HernandezMember, Board of Directors
Kelly LechtenbergMember, Board of Directors
Leanne CaretMember, Board of Directors
Mary VanierMember, Board of Directors
Deborah TuttleSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$41,707
Investment Income
$368,328
Other Revenue
$-241,640
Change in Net Assets
$-3,561,594

Audited Revenue Reconciliation

Revenue per Audited Statements
$0
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Form 990
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,875,101
Grants and Similar Amounts Paid$1,854,888
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,854,888--$1,854,888
Other Expenses$1,277,258--$1,277,258
Interest$130,345$195,518-$325,863
Fees for Services Management$110,566$154,792-$265,358
Office Expenses$2,334$3,378-$5,712
Travel$364$546-$910
Total Functional Expenses$3,375,755$354,234$0$3,729,989

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Other Expense Adjustments$0
Total Expenses per Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Kansas State University FoundationManhattan, KS501(c)(3)Support$1,854,888
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
AKansas Development Finance Authority2022-03-15$9,658,2872022a-1 bonds were issued to finance construction of a residence hall at the ksu polytechnic campus.

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$9,841,464$0$185,000$177,726

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2 Family/business relationships amongst interested persons

GREG LOHRENTZ, DEBORAH TUTTLE, AND TIM TAYLOR - Business relationship

Form 990, Part VI, Line 6 Classes of members or stockholders

The kansas state university foundation is the sole member of the organization.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

The kansas state university foundation, being the sole member, has the power to elect the members of the governing body.

Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders

The bylaws may be altered or amended by a vote of the board of directors of the kansas state university foundation, the sole member.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The irs form 990 is prepared by the tax accounting manager of the kansas state university foundation. The form 990 is then reviewed by an independent accounting firm. Any questions that the independent accountant has are addressed and any corrections or clarifications that need to be made are made. The completed draft of the return is then reviewed by the president. Once all reviews are completed, the final return is provided to members of the board of directors prior to filing the return with the irs. The return is then filed electronically with the irs.

Form 990, Part VI, Line 12C Conflict of interest policy

Annually, members of the board of directors and officers of the organization must complete the conflict of interest statement. Any potential conflicts that are disclosed on the completed statement are discussed at a board of directors meeting. It is the responsibility of each person who is required to complete the questionnaire to notify the chairman of the board of directors as soon as any potential conflict of interest measure, contract, resolution, grant, or other transaction occurs. The following procedures are required for board action when a conflict of interest exists. The interested person may make a presentation at a board meeting, but after must leave the meeting during the vote on the transaction. The board may appoint a disinterested person or committee to investigate alternatives; the board shall determine by a majority vote of disinterested members whether the transaction is in the organization's best interest; the board will follow all conflicts of interest laws to the extent they apply to the board.

Form 990, Part VI, Line 19 Required documents available to the public

The ksu charitable real estate foundation makes its governing documents, conflict of interest policy and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
KSU Charitable Real Estate Foundation
EIN
45-3417512
Phone
7857752000
Address
1800 KIMBALL AVENUE STE 200, MANHATTAN, KS 66502

Signing Officer

Name
Greg Lohrentz
Title
President
Phone
7857752000
Signed
2026-01-26
Discuss with paid preparer
Yes

Organization Details

Formed
2011
Legal Domicile
Ks
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
8

Preparer

Firm
Forvis Mazars LLP
Address
1201 Walnut Street Suite 1700, Kansas City, MO 64106-2246
Preparer
Michael Engle
Phone
8162216300
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

AIB TAX DEPRECIATION - 56543; BROCKMAN OTHER EXPENSE - 2687; Total - 59230;

Financial Statement Notes

Schedule D, Part X, Line 2 UNCERTAIN TAX POSITIONS

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

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IRS990/InfoInScheduleOPartXIInd0X
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IRS990/InterestGrp/ProgramServicesAmt0130345
IRS990/InterestGrp/TotalAmt0325863
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IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt07173633
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt07085400
IRS990/NetAssetsOrFundBalancesBOYAmt071225229
IRS990/NetAssetsOrFundBalancesEOYAmt071450705
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IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0-574797
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-552021
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt022776
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt03727840
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt06921553
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03378
IRS990/OfficeExpensesGrp/ProgramServicesAmt02334
IRS990/OfficeExpensesGrp/TotalAmt05712
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0669
IRS990/OtherAssetsTotalGrp/EOYAmt01233
IRS990/OtherChangesInNetAssetsAmt059230
IRS990/OtherExpensesGrp/Desc0DEBT FORGIVENESS
IRS990/OtherExpensesGrp/ProgramServicesAmt01277258
IRS990/OtherExpensesGrp/TotalAmt01277258
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0110000
IRS990/OtherRevenueMiscGrp/Desc0AGRICULTURE INCOME
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt07085400
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IRS990/PoliciesReferenceChaptersInd0false
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IRS990/ProgramServiceRevenueGrp/Desc0PROPERTY MANAGEMENT
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IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
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IRS990/RelatedEntityInd0true
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0false
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IRS990/RevenueAmt041707
IRS990/RoyaltiesRevenueGrp/ExclusionAmt014908
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
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IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01854888
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0KANSAS STATE UNIVERSITY FOUNDATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
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IRS990ScheduleD/BuildingsGrp/BookValueAmt05846617
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0266316
IRS990ScheduleD/EquipmentGrp/DepreciationAmt037902
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0304218
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt00
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IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt043632
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt043632
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt09793535
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Closely-held equity interests
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Financial derivatives
IRS990ScheduleD/OtherSecuritiesGrp/Desc2DUDREY CATTLE COMPANY, INC
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IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2 UNCERTAIN TAX POSITIONS
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IRS990ScheduleD/TotalBookValueSecuritiesAmt09793535
IRS990ScheduleD/TotalExpensesPerForm990Amt00
IRS990ScheduleD/TotalRevenuePerForm990Amt00
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IRS990ScheduleI/RecipientTable/CashGrantAmt01854888
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0The Kansas State University Foundation
IRS990ScheduleI/RecipientTable/RecipientEIN0480667209
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01800 KIMBALL AVE STE 200
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MANHATTAN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0KS
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd066502
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0KSU CHARITABLE REAL ESTATE FOUNDATION IS A SUPPORTING ORGANIZATION OF KANSAS STATE UNIVERSITY FOUNDATION, A 501(C (3) ORGANIZATION. ALL GRANTS PAID ARE TO KANSAS STATE UNIVERSITY FOUNDATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt038307

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