Civic Intelligence

Academic Assets Inc.

990 • Fiscal year 2013 • EIN 23-2455915

Jul 01, 2012 to Jun 30, 2013 • Filed on May 12, 2014

Organization ProfileN/A
3601 Powelton Ave Lower Level19104
Siviq Scores

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

Liabilities / Assets

2nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

78th percentile

15%

Faster asset growth than 78% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets2nd percentile

Assets

Up

$28,220,290

Up $3,623,566 (+15%) from 2012

Net Assets

Up

$28,220,290

Up $3,623,566 (+15%) from 2012

Liabilities

Flat

$0

Flat from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Flat

$0

Flat from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

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

$40M$30M$20M$10M$0Assets 2010: $22,717,594Liabilities 2010: $0Net Assets 2010: $22,717,5942010Assets 2011: $27,698,407Liabilities 2011: $0Net Assets 2011: $27,698,4072011Assets 2012: $24,596,724Liabilities 2012: $0Net Assets 2012: $24,596,7242012Assets 2013: $28,220,290Liabilities 2013: $0Net Assets 2013: $28,220,2902013Assets 2014: $28,059,591Liabilities 2014: $0Net Assets 2014: $28,059,5912014Assets 2015: $29,363,119Liabilities 2015: $0Net Assets 2015: $29,363,1192015Assets 2016: $29,404,805Liabilities 2016: $0Net Assets 2016: $29,404,8052016Assets 2017: $32,252,077Liabilities 2017: $0Net Assets 2017: $32,252,0772017Assets 2018: $25,968,719Liabilities 2018: $0Net Assets 2018: $25,968,7192018Assets 2019: $28,475,149Liabilities 2019: $0Net Assets 2019: $28,475,1492019Assets 2020: $24,127,898Liabilities 2020: $0Net Assets 2020: $24,127,8982020Assets 2021: $26,076,806Liabilities 2021: $0Net Assets 2021: $26,076,8062021Assets 2022: $28,316,826Liabilities 2022: $0Net Assets 2022: $28,316,8262022Assets 2023: $31,169,320Liabilities 2023: $0Net Assets 2023: $31,169,3202023Assets 2024: $33,725,471Liabilities 2024: $0Net Assets 2024: $33,725,4712024

Highlighted filing

2013

Assets$28,220,290
Liabilities$0
Net Assets$28,220,290
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$60K$40K$20K$0-$20K-$40KExpenses 2010: $02010Expenses 2011: $02011Expenses 2012: $02012Expenses 2013: $02013Revenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $7,681Expenses 2020: $0Net Income 2020: $7,6812020Revenue 2021: $11,828Expenses 2021: $0Net Income 2021: $11,8282021Revenue 2022: $11,828Expenses 2022: $0Net Income 2022: $11,8282022Revenue 2023: $12,128Expenses 2023: $0Net Income 2023: $12,1282023Revenue 2024: $12,943Expenses 2024: $45,000Net Income 2024: -$32,0572024

Highlighted filing

2013

Revenue-
Expenses$0
Net Income-
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
May 12, 2014
Return Version
2012v2.1
Gross Receipts
$0
Mission and Program Overview

Mission

Academic assets, inc. Is a holding company for academic properties, inc. To maximize drexel university real estate holdings to their fullest strategic value with emphasis on serving the university community.

Filing and Contact Details

Filer

EIN
23-2455915
Raw XML Appendix383 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.

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IRS990/MissionDescription0ACADEMIC ASSETS, INC. IS A HOLDING COMPANY FOR ACADEMIC PROPERTIES, INC. TO MAXIMIZE DREXEL UNIVERSITY REAL ESTATE HOLDINGS TO THEIR FULLEST STRATEGIC VALUE WITH EMPHASIS ON SERVING THE UNIVERSITY COMMUNITY.
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IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0ACADEMIC ASSETS, INC. HAS NO EMPLOYEES.
IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation1ACADEMIC ASSETS, INC. HAS NO EMPLOYEES.
IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation2PART I, LINE 4B AND PART II, COLUMN C; DREXEL UNIVERSITY (RELATED ORGANIZATION) WILL PROVIDE JOHN FRY WITH DEFERRED COMPENSATION. DREXEL UNIVERSITY SHALL CREDIT MR. FRY WITH $100,000 ON JULY 31, 2011, AND ON EACH FOLLOWING JULY 31 THROUGH 2015 WHILE HE REMAINS EMPLOYED BY DREXEL UNIVERSITY AS PRESIDENT AND CHIEF EXECUTIVE OFFICER. VESTING AND PAYMENT OF THE DEFERRED COMPENSATION SHALL OCCUR ON JULY 31, 2015, PROVIDED MR. FRY IS EMPLOYED BY DREXEL UNIVERSITY ON THAT DATE. IN ADDITION, IN RECOGNITION OF AND CONSIDERATION FOR THE GOODS AND VALUABLE SERVICES MR. FRY HAS PROVIDED, AND WILL CONTINUE TO PROVIDE, TO DREXEL UNIVERSITY DURING HIS EMPLOYMENT, DREXEL UNIVERSITY UNIVERSITY AGREES TO PROVIDE MR. FRY WITH CERTAIN SUPPLEMENTAL RETIREMENT AND DEATH BENEFITS, EFFECTIVE AS OF JULY 1, 2012. MR. FRY'S ACCOUNT SHALL BE CREDITED WITH AN ALLOCATION BY DREXEL UNIVERSITY IN THE FALL OF EACH YEAR (AND NOT LATER THAN DECEMBER 15), BEGINNING IN THE FALL OF 2013, AND ENDING IN THE FALL OF 2020, IN ACCORDANCE WITH THE FOLLOWING FORMULA. THE ALLOCATION FOR EACH YEAR SHALL BE CONDITIONED ON MR. FRY'S CONTINUED EMPLOYMENT THROUGH THE END OF THE FISCAL YEAR ENDING ON THE IMMEDIATELY PRECEDING JUNE 30 (OR UPON THE DATE OF DEATH, TOTAL DISABILITY, OR INVOLUNTARY TERMINATION, IF EARLIER). THE FORMULA IS 11% OF THE SUM OF MR. FRY'S PAID COMPENSATION (BASE SALARY AND ANNUAL PERFORMANCE BONUS (IF ANY)) FOR THE FISCAL YEAR ENDING ON THE IMMEDIATELY PRECEDING JUNE 30 THAT IS IN EXCESS OF THE COMPENSATION LIMIT UNDER SECTION 401(A)(17) OF THE INTERNAL REVENUE CODE AS IN EFFECT DURING SUCH PERIOD IN DETERMINING THE MAXIMUM COMPENSATION UNDER DREXEL UNIVERSITY'S PENSION PLAN.
IRS990ScheduleJ/Form990ScheduleJPartIII/Identifier0SUPPLEMENTAL INFORMATION
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IRS990ScheduleO/GeneralExplanation/Explanation0NOT APPLICABLE
IRS990ScheduleO/GeneralExplanation/Explanation1THE CORPORATION SHALL BE OPERATED IN CONNECTION WITH DREXEL UNIVERSITY WITHIN THE MEANING OF SECTION 509(A)(3) OF THE CODE. DREXEL UNIVERSITY SHALL APPOINT THE DIRECTORS OF THE CORPORATION.
IRS990ScheduleO/GeneralExplanation/Explanation2THERE WERE NO SUBCOMMITEES FORMED WITHIN THE BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation3FORM 990 IS SUBMITTED TO THE SECRETARY & TREASURER OF ACADEMIC ASSETS, INC. FOR REVIEW AND SIGNING AND PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS OF ACADEMIC ASSETS INC. FOR REVIEW BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/GeneralExplanation/Explanation4EACH YEAR THE DIRECTORS MUST COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT.
IRS990ScheduleO/GeneralExplanation/Explanation5FORM 990, PART VI, SECTION C, LINE 19: THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE LOCATED AT THE OFFICE OF ACADEMIC PROPERTIES, INC. AND MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation6INCREASE IN INVESTMENT IN ACADEMIC PROPERTIES, INC. 3,623,566.
IRS990ScheduleO/GeneralExplanation/Identifier0CHANGES IN NET ASSETS OR FUND BALANCES:
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IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART XI, LINE 9:
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IRS990/TotalAssets/BOY024596724
IRS990/TotalAssetsBOY024596724
IRS990/TotalAssets/EOY028220290
IRS990/TotalAssetsEOY028220290
IRS990/TotalCompGT150K01
IRS990/TotalExpensesCurrentYear00
IRS990/TotalExpensesPriorYear00
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral00
IRS990/TotalFunctionalExpenses/ProgramServices00
IRS990/TotalFunctionalExpenses/Total00
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY00
IRS990/TotalLiabilitiesBOY00
IRS990/TotalLiabilities/EOY00
IRS990/TotalLiabilitiesEOY00
IRS990/TotalLiabNetAssetsFundBalances/BOY024596724
IRS990/TotalLiabNetAssetsFundBalances/EOY028220290
IRS990/TotalNbrEmployees00
IRS990/TotalNbrVolunteers00
IRS990/TotalNetAssetsFundBalances/BOY024596724
IRS990/TotalNetAssetsFundBalances/EOY028220290
IRS990/TotalOtherCompensation0267107
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalReportableCompFrmRltdOrgs01659080
IRS990/TotalReportableCompFromOrg00
IRS990/TotalRevenueCurrentYear00
IRS990/TotalRevenue/ExclusionAmount00
IRS990/TotalRevenuePriorYear00
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome00
IRS990/TotalRevenue/TotalRevenueColumn00
IRS990/TotalRevenue/UnrelatedBusinessRevenue00
IRS990/TransactionRelatedEntity00
IRS990/TransfersToExemptNonChrtblOrg00
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome00
IRS990/UponRequest0X
IRS990/WebSite0N/A
IRS990/WhistleblowerPolicy00
IRS990/YearFormation01986
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/Filer/EIN0232455915
ReturnHeader/Filer/Name/BusinessNameLine10ACADEMIC ASSETS INC
ReturnHeader/Filer/NameControl0ACAD
ReturnHeader/Filer/Phone02156621500
ReturnHeader/Filer/USAddress/AddressLine103601 POWELTON AVE LOWER LEVEL
ReturnHeader/Filer/USAddress/City0PHILADELPHIA
ReturnHeader/Filer/USAddress/State0PA
ReturnHeader/Filer/USAddress/ZIPCode019104
ReturnHeader/Officer/DateSigned02014-05-12
ReturnHeader/Officer/Name0MARTIN ONZIK
ReturnHeader/Officer/Phone02156621500
ReturnHeader/Officer/Title0SECRETARY & TREASURER
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02012-07-01
ReturnHeader/TaxPeriodEndDate02013-06-30
ReturnHeader/TaxYear02012
ReturnHeader/Timestamp02014-05-15T13:47:51-05:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$28,220,290
Liabilities
$0
Net assets
$28,220,290
Revenue
-
Expenses
$0
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.7$0.00$33.7$0.01$0.05$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.2$0.00$31.2$0.01$0.00$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.3$0.00$28.3$0.01$0.00$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.1$0.00$26.1$0.01$0.00$0.01
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.1$0.00$24.1$0.01$0.00$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.5$0.00$28.5$0.00$0.00$0.00
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.0$0.00$26.0$0.00$0.00$0.00
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.3$0.00$32.3$0.00$0.00$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.4$0.00$29.4$0.00$0.00$0.00
2015Detailed filing. Detailed filing data is available for this year.$29.4$0.00$29.4$0.00$0.00$0.00
2014Detailed filing. Detailed filing data is available for this year.$28.1$0.00$28.1$0.00$0.00$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.2$0.00$28.2$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.6$0.00$24.6$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.7$0.00$27.7$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.7$0.00$22.7$0.00