2024-03-22T09:23:53+00:00 2023-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2022-07-01 205716703 UST Realty Company USTR 7135256960 3800 Montrose Boulevard Houston TX 77006 Keith Scheffler Controller 2024-03-22 true Keith Scheffler 999009999 Jennifer Burke P01342224 3128997000 2022 2023-04-26 12:10:37Z Dr Richard Ludwick 3800 Montrose Boulevard Houston TX 77006 2146578 false X N/A X 2006 TX THE ORGANIZATION IS OPERATED FOR THE PURPOSE OF PROVIDING SUPPORT TO THE UNIVERSITY OF ST. THOMAS IN CONNECTION WITH ITS CHARITABLE AND EDUCATIONAL PROGRAMS. 2 0 0 0 0 0 784498 0 1975171 2146578 0 0 0 0 2759669 2146578 50000 0 0 0 0 0 0 2774461 2494807 2774461 2544807 -14792 -398229 15220255 15204363 1018502 1400839 14201753 13803524 THE ORGANIZATION IS OPERATED FOR THE PURPOSE OF PROVIDING SUPPORT TO THE UNIVERSITY OF ST. THOMAS IN CONNECTION WITH ITS CHARITABLE AND EDUCATIONAL PROGRAMS. false false 2544807 50000 2146578 THE ORGANIZATION HOLDS COMMERCIAL AND RETAIL REAL ESTATE WHICH GENERATES FUNDS TO PROVIDE SUPPORT TO THE UNIVERSITY OF ST. THOMAS IN CONNECTION WITH ITS CHARITABLE AND EDUCATIONAL MISSION. 2544807 true false false false false false false false false true false false false false true false true false false false false false false false false false true false true false false false false false false false false false false false false false true false false false true 13 0 true 0 false false false false false false false false false false false false X 2 0 false true false false false true true true false false false true true true true false true false false false X Keith Scheffler 7135256960 3800 MONTROSE BLVD HOUSTON TX 77006 Dr Christopher Evans VP/Secretary 0.5 40.0 X X 0 243002 46062 Dr Richard Ludwick President 0.5 40.0 X X 0 516984 67050 Mr Spencer C Conroy VP/Treasurer (Through 3/15/23) 0.5 40.0 X X 0 195070 25905 0 955056 139017 0 false true false IRON HORSE BUILDERS 4200 MONTROSE BLVD SUITE 500 HOUSTON TX 77006 CONSTRUCTION 270098 1 0 REAL ESTATE RENT 531120 2146578 2146578 0 0 0 0 2146578 0 0 0 0 0 0 0 0 0 2146578 2146578 0 0 50000 50000 712186 712186 0 0 0 0 42213 42213 855604 855604 661661 661661 98339 98339 Bad Debt Expense 123294 123294 Miscellaneous 1510 1510 0 0 0 0 2544807 2544807 0 0 104901 314159 1151256 704820 0 0 0 0 61423 71722 22293298 8179636 13902675 14113662 0 0 0 0 15220255 15204363 702439 1014257 316063 386582 0 0 0 0 1018502 1400839 X 14201753 13803524 14201753 13803524 15220255 15204363 -398229 0 X false true X true false X X X 1 UNIVERSITY OF ST THOMAS 741277664 2 true 50000 0 1 50000 0 true false false false false false false false false false false false false false false true false 4862770 4862770 13979518 5654202 8325316 3451010 2525434 925576 14113662 0 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The University and UST Realty Company have received determination letters from the Internal Revenue Service of exemption from federal income tax under Section 501(c)(3) of the Internal Revenue Code (IRC), and accordingly, no provision has been made for such taxes. Accounting standards generally accepted in the United States of America require that the University recognize the financial effects of a tax position in its consolidated financial statements, if that tax position is more likely than not of being sustained upon examination, including resolution of any appeals or litigation processes, based upon the technical merits of the tax position. Tax positions taken related to the University's tax-exempt status, the taxable income of unrelated business activities, and the deductibility of expenses and other miscellaneous tax positions have been reviewed, and management is of the opinion that material positions taken by the University would more likely than not be sustained upon examination by taxing authorities. Accordingly, the University has not recorded an income tax liability for uncertain tax benefits. true UNIVERSITY OF ST THOMAS 3800 MONTROSE BOULEVARD HOUSTON TX 770064626 741277664 501(c)(3) 50000 General Support 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. UST REALTY PROVIDED A GRANT TO UNIVERSITY OF ST. THOMAS, A RELATED TAX-EXEMPT ORGANIZATION. THE ORGANIZATION MONITORS THE USE OF THE GRANT FUNDS THROUGH MANAGEMENT AND BOARD OVERSIGHT. false true false false false false false false false Dr Richard Ludwick President 0 455952 0 0 0 61032 0 40023 0 27027 0 584034 0 0 Dr Christopher Evans VP/Secretary 0 242519 0 0 0 483 0 15765 0 30297 0 289064 0 0 Mr Spencer C Conroy VP/Treasurer (Through 3/15/23) 0 194908 0 0 0 162 0 12462 0 13443 0 220975 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation The top management official's compensation is reviewed and determined by a related organization. The related organization uses an independent compensation consultant, compensation studies and approval by the board to determine and approve reasonable compensation paid. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan CONTRIBUTIONS INTO A 457(F) PLAN WERE MADE DURING CALENDAR YEAR 2022 FOR DR LUDWICK $20,500. THERE WERE NO DISTRIBUTIONS FROM THE PLAN IN CALENDAR YEAR 2022 Form 990, Part VI, Line 3 Delegation of management duties MANAGEMENT OF THE REAL ESTATE PROPERTIES IS PERFORMED BY ACIER PARTNERS LLC. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE BOARD OF DIRECTORS OF THE UNIVERSITY OF ST. THOMAS ELECTS THE MEMBERS OF UST REALTY'S GOVERNING BODY, APPROVES SIGNIFICANT DECISIONS OF THE GOVERNING BODY, AND WOULD RECEIVE ALL OF THE ORGANIZATION'S PROFITS AND NET ASSETS UPON DISSOLUTION. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders THE BOARD OF DIRECTORS OF THE UNIVERSITY OF ST. THOMAS HAS THE POWER TO APPROVE THE ACTIONS OF UST REALTY'S BOARD OF DIRECTORS. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body There are no committees with the authority to act on behalf of the governing body. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 WAS REVIEWED BY THE AUDIT AND FINANCE COMMITTEE OF THE UNIVERSITY OF ST. THOMAS PRIOR TO FILING WITH THE IRS. AFTER TAKING INTO ACCOUNT ANY COMMENTS OR RECOMMENDATIONS OF THE AUDIT AND FINANCE COMMITTEE, THE FORM 990 IS FINALIZED AND PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING. THE METHODOLOGY FOR THIS REVIEW FOLLOWS THE PROCEDURES USED FOR THE ANNUAL REVIEW OF THE AUDITED FINANCIAL STATEMENTS PRIOR TO THEIR RELEASE. Form 990, Part VI, Line 12c Conflict of interest policy THE UST REALTY COMPANY CONFLICT OF INTEREST POLICY DEFINES THE METHOD FOR MONITORING AND ENFORCEMENT OF THE POLICY. ANNUAL AFFIRMATIONS ARE MADE BY THE BOARD MEMBERS/OFFICERS AND ANY CONFLICTS MUST BE SUFFICIENTLY EXPLAINED. BOARD MEMBERS RECUSE THEMSELVES FROM VOTING OR PARTICIPATING IN DISCUSSIONS REGARDING TOPICS WHICH THEY ARE IN CONFLICT. RECORDS OF THE ANNUAL AFFIRMATIONS ARE MAINTAINED BY THE VICE PRESIDENT/SECRETARY Form 990, Part VI, Line 19 Required documents available to the public THE ARTICLES OF INCORPORATION ARE AVAILABLE UPON REQUEST TO THE OFFICE OF THE TEXAS SECRETARY OF STATE. ALL OTHER DOCUMENTS ARE NOT MADE PUBLICLY AVAILABLE. UNIVERSITY OF ST THOMAS 3800 MONTROSE BOULEVARD HOUSTON TX 77006 741277664 EDUCATION TX 501(c)(3) 2 NA false false true false false false false false false false true false false false true true false false false false