Community Foundation Realty INC

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To carry out the purpose of the Baton Rouge Area Foundation, specifically with respect to the acquisition, development, management and disposition of real estate assets.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-4265927) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Run by 6 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $15K a year · 35% of revenue · last 5 filings
A surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
97% of spending went to programs.
Pt IX · Ln 25 · col B
0.6 mo
of spending, in cash
0.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $31K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$32K
4% of total assets
Liabilities are 4% of assets.
Pt X · Ln 26
Independent board members
5
of 6 voting members
5 of 6 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$187K
×54 vs prior year
Spent
$209K
To programs
97%
Net assets
$779K
By yearFY2020–FY2024
Revenue
$187K
FY2024▲ ×54
Tap a bar for its year
Revenue by fiscal year
FY2020$21K
FY2021$4
FY2022$0
FY2023$3K
FY2024$187K
Expenses
$209K
FY2024▲ ×86
Tap a bar for its year
Expenses by fiscal year
FY2020$6K
FY2021$64K
FY2022$5K
FY2023$2K
FY2024$209K
Net assets
$779K
FY2024▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$865K
FY2021$801K
FY2022$796K
FY2023$797K
FY2024$779K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $203K Management & general 3% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
President/Director
$0Pt VII · Sec A
Secretary/Treasurer/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Edmund J Giering IV’s $211K as President/Director is at the 99th percentile of top reported officer pay among 1265 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Community Foundation Realty INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Manages and develops real estate for community benefit.

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1 program · $203K · in their own filed words · FY2024
01

To support the Baton Rouge Area Foundation in its charitable purpose with grants and in regards to the acquisition, management, development and disposition of real estate assets.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-4265927) · Dispute this line
$203Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$31K
Grants paid · 1 grant · $59K · 2021–2021
Baton Rouge Area FoundationLA · FY2021$59,134

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$187K
Ln 12
Gifts and grantsLn 1h$186K
Investment incomeLn 3$978
Money outPt IX
$209K
Ln 25
Programscol B$203K
Managementcol C$6K
Owns and owesPt X
$779K
net assets · Ln 32
Cash and savingsLn 1–2$11K
Total assetsLn 16$811K
LiabilitiesLn 26$32K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$186K
Government grantsLn 1e$0
Noncash giftsLn 1g$2K
Fundraising eventsLn 1c$0
Investment incomeLn 3$978
Total revenueLn 12$187K
Assets in detailPt X, end of year
SavingsLn 2$11K
Cash and savings togetherLn 1–2$11K
Land, buildings, equipmentLn 10c$800K
Total assetsLn 16$811K
LiabilitiesLn 26$32K
Net assetsLn 32$779K
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2K$11K
Land, buildings, equipmentLn 10c$800K$800K
Total assetsLn 16$802K$811K
LiabilitiesLn 26$5K$32K
Net assetsLn 32$797K$779K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$202K$202K$25
Conferences, conventions and meetingsLn 19$988$988
InsuranceLn 23$675$675
Other expenses (24a–d)Ln 24$3K$0$3K$0
Total functional expensesLn 25$209K$203K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 14, 2025 $187K$209K−$22K$779K 990 PDF
FY2023Filed with the IRS Nov 14, 2024 $3K$2K$1K$797K 990 PDF
FY2022Filed with the IRS Oct 28, 2023 $0$5K−$5K$796K 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $4$64K−$64K$801K 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $21K$6K$15K$865K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $186,777 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,440$185,799
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $23$978
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $3,463$186,777
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,433$209,244
I-18 Total expensesPrior year $2,433$209,244
I-19 Revenue less expensesPrior year $1,030−$22,467
Part VI · Governance 5 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $186,777 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$2,950
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$182,849
VIII-1g Noncash contributions (included above)$1,849
VIII-1h Total contributions, gifts and grants$185,799
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $978$978
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $978$186,777
Part IX · Statement of functional expenses $209,244 across 5 lines filed
IX-11c Accounting feesManagement $2,950$2,950
IX-11g Other fees for servicesPrograms $202,000 · Management $25$202,025
IX-19 Conferences, conventions and meetingsPrograms $988$988
IX-23 InsuranceManagement $675$675
IX-24 Other expenses (24a–d)Programs $0 · Management $2,606 · Fundraising $0$2,606
IX-25 Total functional expensesPrograms $202,988 · Management $6,256 · Fundraising $0$209,244
Part X · Balance sheet $811,234 assets, 9 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,751$11,234
X-10c Land, buildings and equipment, netStart of year $800,000$800,000
X-16 Total assetsStart of year $801,938$811,234
X-17 Accounts payable and accrued expensesStart of year $4,521$32,484
X-26 Total liabilitiesStart of year $4,521$32,484
X-27 Net assets without donor restrictionsStart of year $797,417$778,750
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $797,417$778,750
X-33 Total liabilities and net assetsStart of year $801,938$811,234
Part XI · Reconciliation of net assets $778,750 net assets at year end
XI-1 Total revenue$186,777
XI-2 Total expenses$209,244
XI-3 Revenue less expenses−$22,467
XI-4 Net assets at start of year$797,417
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$3,800
XI-10 Net assets at end of year$778,750

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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