Nonprofit · EIN 54-1632549
JAMES MADISON UNIVERSITYREAL ESTATE FOUNDATION INC
Tax-exempt · HARRISONBURG, VA 22807
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $25,696 | $2,665 | $23,031 | $4,917,839 | $316 | $4,917,523 |
| June 30, 2024 | 990 | $291 | $1,217 | -$926 | $4,894,492 | $0 | $4,894,492 |
| June 30, 2023 | 990 | $219,951 | $91,426 | $128,525 | $4,895,418 | $0 | $4,895,418 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $25,000
- Investment income
- $696
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,489
- Program services (functional)
- $2,640
- Management and general (functional)
- $25
Balance sheet and other
- Total assets, start of year
- $4,894,492
- Total assets, end of year
- $4,917,839
- Total liabilities, end of year
- $316
- Net assets, end of year
- $4,917,523
- Land, buildings and equipment
- $4,860,348
- Net assets without donor restrictions
- $138,880
- Net assets with donor restrictions
- $4,778,643
- Gross receipts
- $25,696
- Employees
- 0
- Volunteers
- 26
- Year formed
- 1992
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Warren K Coleman | CEO Officer | 5 | $0 | $252,761 | $38,939 |
| Cheryl L Lindsay | Vice President/Chief Financial Officer Officer | 5 | $0 | $145,695 | $35,483 |
| Tammy KC Balser | Secretary, Senior Acctg Manager - Operations Officer | 1 | $0 | $101,218 | $33,651 |
| Owen Wilson | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Michael S Walden | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Paul M Thompson | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| David S Kay | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| John Alouf | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| A Jerry Benson | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Jarl Bliss | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Darrel Branch | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Linda W Cross | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Joseph K Funkhouser II | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Enrico Gaglioti | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| James E Hartman | Trustee Trustee or director | 1 | $0 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Heather Hedrick | Trustee Trustee or director | 1 | $0 |
| F Claiborne Johnston III | Trustee Trustee or director | 1 | $0 |
| Nicholas L Langridge | Trustee, Ex-Officio Trustee or director | 1 | $0 |
| Ellen W Meyer | Trustee Trustee or director | 1 | $0 |
| Towana H Moore | Trustee, Ex-Officio Trustee or director | 1 | $0 |
| Jon Offley | Vice Chair Trustee or director, Officer | 1 | $0 |
| J Barry Purcell III | Trustee Trustee or director | 1 | $0 |
| Robin Reifsnider | Trustee Trustee or director | 1 | $0 |
| James L Riley | Trustee Trustee or director | 1 | $0 |
| Jennifer E Shirkey | Trustee Trustee or director | 1 | $0 |
| Curtis Pulliam | Trustee Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 25 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Warren K Coleman | CEO Officer | 5 | $0 | $224,931 | $36,995 |
| Cheryl L Lindsay | Vice President/Chief Financial Officer Officer | 5 | $0 | $135,523 | $34,002 |
| Tammy KC Balser | Secretary, Senior Acctg Manager - Operations Officer | 1 | $0 | $92,822 | $32,896 |
| David S Kay | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| John Alouf | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| A Jerry Benson | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Jarl Bliss | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Darrel Branch | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Linda W Cross | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Joseph K Funkhouser II | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Enrico Gaglioti | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| James E Hartman | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Heather Hedrick | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| F Claiborne Johnston III | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Nicholas L Langridge | Trustee, Ex-Officio Trustee or director | 1 | $0 | $0 | $0 |
| Ellen W Meyer | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Towana H Moore | Trustee, Ex-Officio Trustee or director | 1 | $0 | $0 | $0 |
| Jon Offley | Vice Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| J Barry Purcell III | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Robin Reifsnider | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| James L Riley | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Jennifer E Shirkey | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Paul M Thompson | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Michael S Walden | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Owen Wilson | Trustee Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 26 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Warren K Coleman | CEO Officer | 5 | $0 | $229,913 | $35,909 |
| Cheryl L Lindsay | Vice President/Chief Financial Officer Officer | 5 | $0 | $132,435 | $41,557 |
| Tammy KC Balser | Secretary, Senior Acctg Manager - Operations Officer | 1 | $0 | $93,878 | $31,859 |
| John Alouf | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| J Barry Purcell III | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| A Jerry Benson | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Jarl Bliss | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Darrel Branch | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Linda W Cross | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Ronald C Devine | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Joseph K Funkhouser II | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Enrico Gaglioti | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| James E Hartman | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Heather Hedrick | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| F Claiborne Johnston III | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| David S Kay | Vice Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Nicholas L Langridge | Trustee, Ex-Officio Trustee or director | 1 | $0 | $0 | $0 |
| Ellen W Meyer | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Towana H Moore | Trustee, Ex-Officio Trustee or director | 1 | $0 | $0 | $0 |
| Jon Offley | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Robin Reifsnider | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| James L Riley | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Jennifer E Shirkey | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Paul M Thompson | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Michael S Walden | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Owen Wilson | Trustee Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1031 HARRISON ST MSC 8501, HARRISONBURG, VA 22807-1034
- In care of
- % JAMES MADISON UNIV FOUNDATION INC
- Principal officer (990 for 2024)
- Cheryl L Lindsay, 1031 Harrison Street, MSC 8501, Harrisonburg, VA 22807
- Signed the 990
- Cheryl Lindsay, Vice President/CFO
- Phone
- (540) 568-3187
- Website
- www.jmu.edu/foundation
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.
Program accomplishments
- To hold, maintain, manage or sell gifts or purchases of real property for the benefit of James Madison University and the James Madison University Foundation, Inc.Expenses $2,640 · revenue $25,000
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1632549
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1992
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B43I)
- Assets (IRS master file)
- $4,917,839
- Income (IRS master file)
- $25,696
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $25,696 | $2,665 | $4,917,839 | IRS |
| 990 | June 2024 | $291 | $1,217 | $4,894,492 | IRS |
| 990 | June 2023 | $219,951 | $91,426 | $4,895,418 | XML |
| 990 | June 2022 | $34,046 | $55,492 | $5,481,486 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-1632549).
Questions about JAMES MADISON UNIVERSITYREAL ESTATE FOUNDATION INC
- What is the EIN of JAMES MADISON UNIVERSITYREAL ESTATE FOUNDATION INC?
- The employer identification number (EIN) of JAMES MADISON UNIVERSITYREAL ESTATE FOUNDATION INC is 54-1632549.
- Is JAMES MADISON UNIVERSITYREAL ESTATE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to JAMES MADISON UNIVERSITYREAL ESTATE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does JAMES MADISON UNIVERSITYREAL ESTATE FOUNDATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of JAMES MADISON UNIVERSITYREAL ESTATE FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did JAMES MADISON UNIVERSITYREAL ESTATE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of JAMES MADISON UNIVERSITYREAL ESTATE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names Cheryl L Lindsay.
- Who are the officers and directors of JAMES MADISON UNIVERSITYREAL ESTATE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 26 people; 0 received compensation from the organization.
- How much revenue does JAMES MADISON UNIVERSITYREAL ESTATE FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $25,696, expenses of $2,665 and total assets of $4,917,839 at year end.
Other nonprofits in HARRISONBURG
- JAMES MADISON UNIVERSITY FOUNDATION INC EIN 23-7156305 · last filed 990 for 2025
- EASTERN MENNONITE SCHOOL EIN 54-1194342 · last filed 990 for 2025
- ROCKINGHAM LIBRARY ASSOCIATION EIN 54-0548703 · last filed 990 for 2025
- ON THE ROAD COLLABORATIVE EIN 47-1261317 · last filed 990 for 2025
- KERUS GLOBAL EDUCATION EIN 84-3103162 · last filed 990 for 2024
- ROCKINGHAM EDUCATIONAL FOUNDATION INC EIN 54-1735837 · last filed 990 for 2025
- OUR COMMUNITY PLACE EIN 54-1835664 · last filed 990 for 2025
- SHENANDOAH VALLEY SCHOLARS LATINO INITIATIVE EIN 45-5560300 · last filed 990 for 2025