Civic Intelligence

Academic Properties Inc

990 • Fiscal year 2016 • EIN 23-2411680

Jul 01, 2015 to Jun 30, 2016 • Filed on May 10, 2017

Organization ProfileN/A

View Organization Page

3601 Powelton Ave Lower LevelPhiladelphia, PA 19104

(215) 662-1500

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.03x

Higher debt load relative to assets than 17% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

17th percentile

0.08x

Higher debt load relative to revenue than 17% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

40th percentile

0.4%

Higher net margin than 40% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

98th percentile

$2,226,838

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 22.5% of source-year revenue.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

29th percentile

-1.8%

Faster asset growth than 29% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

67th percentile

8.6%

Faster revenue growth than 67% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets17th percentile

Assets

Down

$30,230,798

Down $564,844 (-1.8%) from 2015

Net Assets

Up

$29,404,805

Up $41,686 (+0.1%) from 2015

Liabilities

Down

$825,993

Down $606,530 (-42%) from 2015

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin40th percentile

Revenue

Up

$9,889,416

Up $781,451 (+8.6%) from 2015

Expenses

Up

$9,847,730

Up $2,043,293 (+26%) from 2015

Net Income

Down

$41,686

Down $1,261,842 (-97%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2010: $28,124,173Liabilities 2010: $5,406,579Net Assets 2010: $22,717,5942010Assets 2011: $29,277,808Liabilities 2011: $1,579,401Net Assets 2011: $27,698,4072011Assets 2012: $25,821,260Liabilities 2012: $1,224,536Net Assets 2012: $24,596,7242012Assets 2013: $29,308,026Liabilities 2013: $1,087,736Net Assets 2013: $28,220,2902013Assets 2014: $29,036,703Liabilities 2014: $977,112Net Assets 2014: $28,059,5912014Assets 2015: $30,795,642Liabilities 2015: $1,432,523Net Assets 2015: $29,363,1192015Assets 2016: $30,230,798Liabilities 2016: $825,993Net Assets 2016: $29,404,8052016Assets 2017: $33,199,134Liabilities 2017: $947,057Net Assets 2017: $32,252,0772017Assets 2018: $27,095,937Liabilities 2018: $1,127,218Net Assets 2018: $25,968,7192018Assets 2019: $29,305,381Liabilities 2019: $830,232Net Assets 2019: $28,475,1492019Assets 2020: $25,045,725Liabilities 2020: $925,508Net Assets 2020: $24,120,2172020Assets 2021: $27,629,572Liabilities 2021: $1,572,275Net Assets 2021: $26,057,2972021Assets 2022: $29,565,241Liabilities 2022: $1,278,740Net Assets 2022: $28,286,5012022Assets 2023: $32,583,764Liabilities 2023: $1,455,945Net Assets 2023: $31,127,8192023

Highlighted filing

2016

Assets$30,230,798
Liabilities$825,993
Net Assets$29,404,805
Open 2016 Filing

Operations Trend

Revenue Growth67th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0M-$10MExpenses 2010: $2,504,9652010Expenses 2011: $2,811,9612011Expenses 2012: $4,128,4832012Expenses 2013: $4,674,5612013Revenue 2014: $9,167,591Expenses 2014: $9,328,290Net Income 2014: -$160,6992014Revenue 2015: $9,107,965Expenses 2015: $7,804,437Net Income 2015: $1,303,5282015Revenue 2016: $9,889,416Expenses 2016: $9,847,730Net Income 2016: $41,6862016Revenue 2017: $10,074,148Expenses 2017: $7,226,876Net Income 2017: $2,847,2722017Revenue 2018: $1,416,670Expenses 2018: $6,814,722Net Income 2018: -$5,398,0522018Revenue 2019: $7,712,052Expenses 2019: $5,205,622Net Income 2019: $2,506,4302019Revenue 2020: $7,233,685Expenses 2020: $11,588,617Net Income 2020: -$4,354,9322020Revenue 2021: $7,526,969Expenses 2021: $5,589,889Net Income 2021: $1,937,0802021Revenue 2022: $8,151,800Expenses 2022: $5,922,596Net Income 2022: $2,229,2042022Revenue 2023: $8,169,303Expenses 2023: $5,327,985Net Income 2023: $2,841,3182023

Highlighted filing

2016

Revenue$9,889,416
Expenses$9,847,730
Net Income$41,686
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 10, 2017
Return Version
2015v3.0
Gross Receipts
$13,496,746
Mission and Program Overview

Mission

Maximizing drexel university real estate holdings to their fullest strategic value with emphasis on serving the university community.

Acquires and improves properties of strategic importance to the future growth of drexel university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$29,363,119$29,404,805▲ $41,686
Land, Buildings, and Equipment, Net$21,188,976$22,160,330▲ $971,354
Savings and Temporary Cash Investments$8,340,104$6,239,571▼ $2,100,533
Accounts Receivable$85,157$672,654▲ $587,497
Prepaid Expenses and Deferred Charges$104,294$58,951▼ $45,343
Cash and Non-Interest-Bearing Accounts$1,200$1,200→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$30,795,642$30,230,798▼ $564,844
Other Assets Total$1,075,911$1,098,092▲ $22,181
Liabilities
Accounts Payable and Accrued Expenses$558,115$339,545▼ $218,570
Deferred Revenue$605,220$282,654▼ $322,566
Other Liabilities$269,188$203,794▼ $65,394
Total Liabilities$1,432,523$825,993▼ $606,530
Net Assets / Fund Balance
Total Net Assets Fund Balance$29,363,119$29,404,805▲ $41,686
Total Liabilities and Net Assets / Fund Balance$30,795,642$30,230,798▼ $564,844

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,159,729$5,955,890-
Other Land Buildings$12,751$225,462-
Land$4,427,655--
Equipment$0$47,259-
Leasehold Improvements$12,560,195$14,742,641-
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James R TuckerDirector & Vice Chair & President/COO--$973,484$973,484
Martin J OnzikDirector & Vice PresidentFT$196,408$42,542$238,950
Carmen PiccoloProperty ManagerFT$128,288$46,255$174,543
Tigist TesfayeControllerFT$128,130$23,310$151,440
Melissa W BrownDirector & Secretary--$146,233$146,233

Board Members and Trustees

NameTitle
John a FryDirector & Chairman
James R TuckerDirector & Vice Chair & President/co
Helen Y BowmanDirector
Keith a OrrisDirector
Patrick S Pasquariello IiiDirector
Robert BuckleyDirector
Robert FrancisDirector
Jeffrey EberlyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Abm Engineering ServicesBuilding Services5300 S EASTERN AVE STE 100, Los Angeles, CA 90040$690,795
Fmc Services INCCleaning ServicesPO BOX 645005, Cincinnati, OH 45264$482,919
Gdi Service INCFacility Services780 FIFTH AVENUE STE 115, King Of Prussia, PA 19406$476,201
Watts Restoration Co INCBuilding Services1704 BUTLER PIKE, Feasterville, PA 19053$360,400
Allied Barton Security Services LLCSecurity ServicesPO BOX 828854, Philadelphia, PA 19182$336,071
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,813,206
Investment Income
$16,641
Other Revenue
$4,059,569
Change in Net Assets
$41,686

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,889,416
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$3,607,330
Total Revenue per Audited Statements
$13,496,746
Total Revenue per Form 990
$9,889,416
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,225,542
Salaries, Compensation, and Employee Benefits$622,188
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$5,887,143--$5,887,143
Occupancy$2,425,465--$2,425,465
Depreciation Depletion$837,478--$837,478
Other Salaries and Wages$374,300--$374,300
Other Employee Benefits$120,535--$120,535
Current Officers, Directors, Trustees, and Key Employees$94,831--$94,831
Payroll Taxes$32,522--$32,522
Other Expenses$24,784--$24,784
Fees for Services Other$20,732--$20,732
Office Expenses$19,885--$19,885
Fees for Services Accounting$4,097--$4,097
Advertising$2,119--$2,119
Travel$2,027--$2,027
Fees for Services Legal$1,812--$1,812
Total Functional Expenses$9,847,730$0$0$9,847,730

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$13,455,060
Expenses per Audited Statements$9,847,730
Total Expenses per Form 990$9,847,730
Expenses Not Reported on Form 990$3,607,330
Expenses Not Reported on Financial Statements$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Escrow Deposits$247,013
Payable to Affiliate$-43,219
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 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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“The corporation shall be operated in connection with drexel university within the meaning of section 509(a)(3) of the code. The directors and officers of the corporation shall maintain a close and continuous working relationship with the officers of drexel university. There shall be eight directors of the corporation. Academic assets, inc. Shall appoint six directors; drexel university shall appoint two directors.”

Form 990, Part VI, Section A, Line 8B

“There were no subcommittees formed within the board of directors.”

Form 990, Part VI, Section B, Line 11

“The form 990 is submitted to the vice president of academic properties, inc. For review and signing. Form 990 is provided to each member of the board of directors of academic properties, inc. For review before it is filed with the internal revenue service.”

Form 990, Part VI, Section B, Line 12C

“Each year the directors must complete a conflict of interest disclosure statement.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy and financial statements are located at the office of academic properties, inc. And made available upon request.”

Filing and Contact Details

Filer

Filer Name
Academic Properties Inc
EIN
23-2411680
Phone
2156621500
Address
3601 POWELTON AVE LOWER LEVEL, PHILADELPHIA, PA 19104

Signing Officer

Name
Martin J Onzik
Title
Vice President
Phone
2156621500
Signed
2017-05-10

Organization Details

Principal Officer
Martin J Onzik
Formed
1986
Legal Domicile
Pa
Voting Board Members
9
Independent Board Members
2
Employees
10
Volunteers
0
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

“The organization's governing body delegates to its related organization's audit committee of the board of trustees of drexel university to oversee the audit of the financial statements and the selection of an independent accoutant.”

Form 990, Part IX, Line 21

“$5,887,143 represents a transfer to a 501(c)(3) affiliate organization.”

Financial Statement Notes

PART X, LINE 2:

“The university has been granted tax-exempt status as a nonprofit organization under section 501(c)(3) of the internal revenue code and, accordingly, files federal tax form 990 (return of organization exempt from income tax) annually. No provision for income taxes is required in the university financial statements. The university files u.s. Federal, state and local information returns. The statute of limitations on the university's u.s. Federal information returns remains open for three years following the year they are filed. The university and its affiliates engage in activities that are subject to unrelated business income taxes for which appropriate income tax returns are filed. The financial accounting standards board ("fasb") issued accounting standards codification ("asc") 740-10, accounting for uncertainty in income taxes, which requires that a tax position be recognized or derecognized based on a "more likely than not" threshold. The university does not believe there are any uncertain tax positions that require recognition in the financial statements.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Rental property expenses from part viii, line 6b 3,607,330.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Rental property expenses from part viii, line 6b 3,607,330.”

Raw XML AppendixShowing 400 of 709 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0558115
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0339545
IRS990/AccountsReceivableGrp/BOYAmt085157
IRS990/AccountsReceivableGrp/EOYAmt0672654
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0ACQUIRES AND IMPROVES PROPERTIES OF STRATEGIC IMPORTANCE TO THE FUTURE GROWTH OF DREXEL UNIVERSITY.
IRS990/AdvertisingGrp/ProgramServicesAmt02119
IRS990/AdvertisingGrp/TotalAmt02119
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0TIGIST TESFAYE
IRS990/BooksInCareOfDetail/PhoneNum02156621500
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03601 POWELTON AVE LOWER LEVEL
IRS990/BooksInCareOfDetail/USAddress/CityNm0PHILADELPHIA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd019104
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt01200
IRS990/CashNonInterestBearingGrp/EOYAmt01200
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt08
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt094831
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt094831
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContractorCompensationGrp/CompensationAmt0690795
IRS990/ContractorCompensationGrp/CompensationAmt1482919
IRS990/ContractorCompensationGrp/CompensationAmt2476201
IRS990/ContractorCompensationGrp/CompensationAmt3360400
IRS990/ContractorCompensationGrp/CompensationAmt4336071
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt05300 S EASTERN AVE STE 100
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1PO BOX 645005
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2780 FIFTH AVENUE STE 115
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt31704 BUTLER PIKE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt4PO BOX 828854
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0LOS ANGELES
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1CINCINNATI
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2KING OF PRUSSIA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3FEASTERVILLE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm4PHILADELPHIA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1OH
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2PA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3PA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4PA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd090040
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd145264
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd219406
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd319053
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd419182
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0ABM ENGINEERING SERVICES
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1FMC SERVICES INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2GDI SERVICE INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3WATTS RESTORATION CO INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4ALLIED BARTON SECURITY SERVICES LLC
IRS990/ContractorCompensationGrp/ServicesDesc0BUILDING SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc1CLEANING SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc2FACILITY SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc3BUILDING SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc4SECURITY SERVICES
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt016641
IRS990/CYOtherExpensesAmt09225542
IRS990/CYOtherRevenueAmt04059569
IRS990/CYProgramServiceRevenueAmt05813206
IRS990/CYRevenuesLessExpensesAmt041686
IRS990/CYSalariesCompEmpBnftPaidAmt0622188
IRS990/CYTotalExpensesAmt09847730
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt09889416
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0605220
IRS990/DeferredRevenueGrp/EOYAmt0282654
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0837478
IRS990/DepreciationDepletionGrp/TotalAmt0837478
IRS990/Desc0HOUSING FOR STUDENTS OF DREXEL UNIVERSITY.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt010
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt04315284
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt04097
IRS990/FeesForServicesAccountingGrp/TotalAmt04097
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt01812
IRS990/FeesForServicesLegalGrp/TotalAmt01812
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt020732
IRS990/FeesForServicesOtherGrp/TotalAmt020732
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1140.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2327501
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt339618
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt429846
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt542542
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt641474
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt726980
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt837056
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt936884
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1046255
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1123310
IRS990/Form990PartVIISectionAGrp/PersonNm0ROBERT BUCKLEY
IRS990/Form990PartVIISectionAGrp/PersonNm1PATRICK S PASQUARIELLO III
IRS990/Form990PartVIISectionAGrp/PersonNm2JOHN A FRY
IRS990/Form990PartVIISectionAGrp/PersonNm3HELEN Y BOWMAN
IRS990/Form990PartVIISectionAGrp/PersonNm4JAMES R TUCKER
IRS990/Form990PartVIISectionAGrp/PersonNm5MARTIN J ONZIK
IRS990/Form990PartVIISectionAGrp/PersonNm6KEITH A ORRIS
IRS990/Form990PartVIISectionAGrp/PersonNm7MELISSA W BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm8ROBERT FRANCIS
IRS990/Form990PartVIISectionAGrp/PersonNm9JEFFREY EBERLY
IRS990/Form990PartVIISectionAGrp/PersonNm10CARMEN PICCOLO
IRS990/Form990PartVIISectionAGrp/PersonNm11TIGIST TESFAYE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5196408
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10128288
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11128130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt21899337
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3696102
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4943638
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt6349747
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt7119253
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt8273243
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt9327503
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR & CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR & VICE CHAIR & PRESIDENT/COO
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR & VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR & SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10PROPERTY MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt11CONTROLLER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01986
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt013496746
IRS990/GrossRentsGrp/RealAmt07463384
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt02
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt016641
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt016641
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt020
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt020971252
IRS990/LandBldgEquipBasisNetGrp/BOYAmt021188976
IRS990/LandBldgEquipBasisNetGrp/EOYAmt022160330
IRS990/LandBldgEquipCostOrOtherBssAmt043131582
IRS990/LegalDomicileStateCd0PA
IRS990/LessRentalExpensesGrp/RealAmt03607330
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0MAXIMIZING DREXEL UNIVERSITY REAL ESTATE HOLDINGS TO THEIR FULLEST STRATEGIC VALUE WITH EMPHASIS ON SERVING THE UNIVERSITY COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt029363119
IRS990/NetAssetsOrFundBalancesEOYAmt029404805
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt03856054
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt03856054
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt02425465
IRS990/OccupancyGrp/TotalAmt02425465
IRS990/OfficeExpensesGrp/ProgramServicesAmt019885
IRS990/OfficeExpensesGrp/TotalAmt019885
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01075911
IRS990/OtherAssetsTotalGrp/EOYAmt01098092
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0120535
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0120535
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt024784
IRS990/OtherExpensesGrp/TotalAmt024784
IRS990/OtherLiabilitiesGrp/BOYAmt0269188
IRS990/OtherLiabilitiesGrp/EOYAmt0203794
IRS990/OtherRevenueMiscGrp/BusinessCd0531310
IRS990/OtherRevenueMiscGrp/Desc0MANAGEMENT FEES
IRS990/OtherRevenueMiscGrp/ExclusionAmt0203515
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0203515
IRS990/OtherRevenueTotalAmt0203515
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0374300
IRS990/OtherSalariesAndWagesGrp/TotalAmt0374300
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt05887143
IRS990/PaymentsToAffiliatesGrp/TotalAmt05887143
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt032522
IRS990/PayrollTaxesGrp/TotalAmt032522
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0104294
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt058951
IRS990/PrincipalOfficerNm0MARTIN J ONZIK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531120
IRS990/ProgramServiceRevenueGrp/Desc0CLASSROOM RENTAL
IRS990/ProgramServiceRevenueGrp/Desc1RESIDENTIAL RENTAL
IRS990/ProgramServiceRevenueGrp/Desc2OFFICE RENTAL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03492355
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11934586
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2386265
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03492355
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11934586
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2386265
IRS990/ProgSrvcAccomActy2Grp/Desc0RENTAL OF CLASSROOM AND OFFICE SPACE TO DREXEL UNIVERSITY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt05532446
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt03878620
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt021505
IRS990/PYOtherExpensesAmt07223016
IRS990/PYOtherRevenueAmt03160673
IRS990/PYProgramServiceRevenueAmt05925787
IRS990/PYRevenuesLessExpensesAmt01303528
IRS990/PYSalariesCompEmpBnftPaidAmt0581421
IRS990/PYTotalExpensesAmt07804437
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt09107965
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt041686
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt03856054
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01934586
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt029363119
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt029404805
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08340104
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06239571
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE CORPORATION SHALL BE OPERATED IN CONNECTION WITH DREXEL UNIVERSITY WITHIN THE MEANING OF SECTION 509(A)(3) OF THE CODE. THE DIRECTORS AND OFFICERS OF THE CORPORATION SHALL MAINTAIN A CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH THE OFFICERS OF DREXEL UNIVERSITY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1ALL OF API'S ACTIVITIES AND FUNCTIONS DIRECTLY FURTHER THE EXEMPT PURPOSE OF DREXEL UNIVERSITY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2ACADEMIC PROPERTIES INC. (API) ACQUIRES AND IMPROVES PROPERTIES OF STRATEGIC IMPORTANCE TO THE FUTURE GROWTH OF DREXEL UNIVERSITY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION D, LINE 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1SECTION E, LINE 2A
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2SECTION E, LINE 2B
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0231352630
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0DREXEL UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05159729
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05955890
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt011115619
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt047259
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt047259
IRS990ScheduleD/ExpensesNotReportedAmt03607330
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt09847730
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt04427655
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt04427655
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt012560195
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt014742641
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt027302836
IRS990ScheduleD/OtherExpensesIncludedAmt03607330
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt012751

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$30,230,798
Liabilities
$825,993
Net assets
$29,404,805
Revenue
$9,889,416
Expenses
$9,847,730
Net income
$41,686
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.
2023Summary only. Only limited summary data is available for this year.$32.6$1.46$31.1$8.17$5.33$2.84
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.6$1.28$28.3$8.15$5.92$2.23
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.6$1.57$26.1$7.53$5.59$1.94
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.0$0.93$24.1$7.23$11.6$4.35
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.3$0.83$28.5$7.71$5.21$2.51
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.1$1.13$26.0$1.42$6.81$5.40
2017Summary only. Only limited summary data is available for this year.$33.2$0.95$32.3$10.1$7.23$2.85
2016Detailed filing. Detailed filing data is available for this year.$30.2$0.83$29.4$9.89$9.85$0.04
2015Detailed filing. Detailed filing data is available for this year.$30.8$1.43$29.4$9.11$7.80$1.30
2014Detailed filing. Detailed filing data is available for this year.$29.0$0.98$28.1$9.17$9.33$0.16
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.3$1.09$28.2$4.67
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.8$1.22$24.6$4.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.3$1.58$27.7$2.81
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.1$5.41$22.7$2.50
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • $25M-$50M nonprofits