Compensation 990

Auburn University Real Estate Foundation Inc.

Fiscal year ending 2024. Filed on May 29, 2025.

PO Box 3140
Auburn, Alabama 36831

Auburn University Real Estate Foundation Inc. (EIN: 56-2535892) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Auburn University Real Estate Foundation Inc., a 501(c)(3) charitable organization, reported compensation for 11 out of 18 total employees. Among the employees shown here, the average compensation is $206,462. The highest compensated employee at Auburn University Real Estate Foundation Inc. is Rob Wellbaum with fiscal year 2024 compensation of $402,797.

Revenue, expenses, and employee compensation

Revenue

$341,851

Expenses

$2,681,401

Employee compensation

$108,774
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

＋16.3%vs 2023
Rob Wellbaum
President
$402,797
$293,808 from org$51,848 from related$57,141 other
＋1.4%vs 2023
Erin Lewis
Chief Operating Officer
$326,302
$253,288 from org$28,143 from related$44,871 other
－37.9%vs 2023
John Morris
President (Resigned 8/1/2023)
$303,938
$241,247 from org$39,599 from related$23,092 other
＋3.3%vs 2023
Angie Stephens
Vice President (Retired 12/1/2023)
$273,364
$204,063 from org$28,620 from related$40,681 other
＋35.8%vs 2023
William B Hughes
Chief Financial Officer
$216,886
$74,361 from org$107,008 from related$35,517 other
＋17.3%vs 2023
Timothy Jones
ISO (Vacated 5/1/2024)
$163,570
$115,072 from org$17,195 from related$31,303 other
New in 2024
Lee Sheppard
ASST Director of Finance
$134,165
$49,927 from org$61,021 from related$23,217 other
New in 2024
Charles Saliba
Technology Architech
$123,162
$94,978 from org$12,952 from related$15,232 other
＋5.2%vs 2023
Wanda Sperow
Secretary
$119,849
$9,448 from org$85,028 from related$25,373 other
＋31.3%vs 2023
Carolyn Burroughs
Assistant Treasurer
$108,877
$80,313 from org$5,126 from related$23,438 other
＋4.6%vs 2023
Laurel Hendrix
Assistant Secretary
$98,168
$40,909 from org$40,909 from related$16,350 other

Non-Employee Board Members

Beau Byrd
Director
Benny Larussa
Director (Resigned 7/15/2024)
David Welch
Director
Greg Winchester
Director
John Thomas
Director
Patrick Henry
Vice Chair and Treasurer
Steve Cates
Chair

Mission Statement

THE ORGANIZATION OPERATES FOR THE EXCLUSIVE BENEFIT AND ADVANCING THE MISSION OF AUBURN UNIVERSITY, AN EDUCATIONAL, LAND-GRANT INSTITUTION WHICH IS TAX EXEMPT UNDER IRC SECTION 115 AND AUBURN UNIVERSITY FOUNDATION, A NONPROFIT CORPORATION WHICH WAS ORGANIZED FOR THE SUPPORT OF AUBURN UNIVERSITY.

Revisions to this organization profile

May 29, 2025:
2024 Auburn University Real Estate Foundation Inc. 990 filed
May 7, 2024:
2023 Auburn University Real Estate Foundation Inc. 990 filed
May 5, 2023:
2022 Auburn University Real Estate Foundation Inc. 990 filed

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