Civic Intelligence

Academic Assets Inc.

990 • Fiscal year 2023 • EIN 23-2455915

Jul 01, 2022 to Jun 30, 2023 • Filed on May 10, 2024

Organization ProfileN/A
3201 Arch Street 400Philadelphia, PA 19104

(215) 662-1500

Siviq Scores

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

Liabilities / Assets

3rd percentile

0.00x

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

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

3rd percentile

0.00x

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

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

98th percentile

$2,234,754

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 18426.4% of source-year revenue.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

60th percentile

10%

Faster asset growth than 60% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

44th percentile

2.5%

Faster revenue growth than 44% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets3rd percentile

Assets

Up

$31,169,320

Up $2,852,494 (+10%) from 2022

Net Assets

Up

$31,169,320

Up $2,852,494 (+10%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue3rd percentileNet Margin100th percentile

Revenue

Up

$12,128

Up $300 (+2.5%) from 2022

Expenses

Flat

$0

Flat from 2022

Net Income

Up

$12,128

Up $300 (+2.5%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth60th 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

2023

Assets$31,169,320
Liabilities$0
Net Assets$31,169,320
Open 2023 Filing

Operations Trend

Revenue Growth44th percentile

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

2023

Revenue$12,128
Expenses$0
Net Income$12,128
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 10, 2024
Return Version
2022v5.0
Gross Receipts
$12,128
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.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$28,316,826$31,169,320▲ $2,852,494
Rtn Earn Endowment Incm Other Fnds$28,316,826$31,169,320▲ $2,852,494
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$28,316,826$31,169,320▲ $2,852,494
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$28,316,826$31,169,320▲ $2,852,494
Total Liabilities and Net Assets / Fund Balance$28,316,826$31,169,320▲ $2,852,494

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$41,501--
Compensation and Service Providers
Top Officer Pay98th percentile

Board Members and Trustees

NameTitle
John a FryChairman of the Board
Helen Y BowmanPresident & Treasurer
Alan GreenbergerVice President
Donald Liberati as of 523Director
Lucy E Kerman to 523Director
Rebecca LacherSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$12,128
Other Revenue
$0
Change in Net Assets
$12,128
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
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. Drexel university shall appoint the directors of the corporation.”

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

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

Form 990, Part VI, Section B, Line 11B

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

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

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

Form 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.”

Filing and Contact Details

Filer

Filer Name
Academic Assets Inc
EIN
23-2455915
Phone
2156621500
Address
3201 ARCH STREET 400, PHILADELPHIA, PA 19104

Signing Officer

Name
Helen Y Bowman
Title
President
Phone
2156621500
Signed
2024-05-10

Organization Details

Principal Officer
Helen Y Bowman
Formed
1986
Legal Domicile
Pa
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

FORM 990, PART V, LINES 7G & 7H:

“NOT APPLICABLE”

FORM 990, PART XI, LINE 9:

“Investment in academic properties, inc. 2,841,318. Investment in duc, llc -952.”

Financial Statement Notes

PART X, LINE 2:

“Academic assets, inc. Is a nonprofit organization that has been granted tax exempt status under irc section 501(c)(3) of the internal revenue code and files federal tax return form 990 (return of organization exempt from income tax). No provision or benefit for income taxes has been included in these financial statements. The organization is part of consolidated financial statements that includes a footnote that addresses accounting for uncertainty in income taxes (asc no. 740-10), but it is not related to the operations of this organization.”

Raw XML AppendixShowing 400 of 488 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/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN OF THE BOARD
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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
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IRS990/MissionDesc0ACADEMIC 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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0ACADEMIC ASSETS, INC. CHAIRMAN, JOHN FRY, IS THE PRESIDENT OF ACADEMIC ASSETS, INC.'S SOLE SUPPORTED ORGANIZATION, DREXEL UNIVERSITY. ACADEMIC ASSETS, INC. PRESIDENT AND TREASURER, HELEN Y. BOWMAN, IS THE EXECUTIVE VICE PRESIDENT, TREASURER, AND CHIEF OPERATING OFFICER OF ACADEMIC ASSETS, INC.'S SOLE SUPPORTED ORGANIZATION, DREXEL UNIVERSITY. THEREFORE, SENIOR LEADERSHIP OF SUPPORTED ORGANIZATION DREXEL UNIVERSITY MAKES UP A MAJORITY OF THE ACADEMIC ASSETS, INC. BOARD, AND IS ABLE TO DIRECT INVESTMENT DECISIONS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1ALL OF ACADEMIC ASSETS, INC. FUNCTIONS DIRECTLY TO FURTHER THE EXEMPT PURPOSE OF DREXEL UNIVERSITY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2ACADEMIC 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.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION D, LINE 3:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION E, LINE 2A:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART IV, SECTION E, LINE 2B:
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENT IN ACADEMIC PROPERTIES, INC.
IRS990ScheduleD/OtherSecuritiesGrp/Desc1INVESTMENT IN DUC, LLC
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACADEMIC ASSETS, INC. IS A NONPROFIT ORGANIZATION THAT HAS BEEN GRANTED TAX EXEMPT STATUS UNDER IRC SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND FILES FEDERAL TAX RETURN FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX). NO PROVISION OR BENEFIT FOR INCOME TAXES HAS BEEN INCLUDED IN THESE FINANCIAL STATEMENTS. THE ORGANIZATION IS PART OF CONSOLIDATED FINANCIAL STATEMENTS THAT INCLUDES A FOOTNOTE THAT ADDRESSES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (ASC NO. 740-10), BUT IT IS NOT RELATED TO THE OPERATIONS OF THIS ORGANIZATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOHN A FRY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1HELEN Y BOWMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2ALAN GREENBERGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3LUCY E KERMAN TO 523
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4DONALD LIBERATI AS OF 523
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5REBECCA LACHER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHAIRMAN OF THE BOARD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1PRESIDENT & TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt5SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt50
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt11018340
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt5199320
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0ACADEMIC ASSETS, INC. HAS NO EMPLOYEES.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1ACADEMIC ASSETS, INC. HAS NO EMPLOYEES.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt2DREXEL UNIVERSITY, A RELATED ORGANIZATION, PAID MR. FRY'S DEFERRED COMPENSATION OF $338,622, WHICH BEGAN EFFECTIVE JULY 31, 2021. MR. FRY HAD BEEN CREDITED $25,000 PER MONTH, BEGINNING JANUARY 31, 2022, AND ENDING DECEMBER 31, 2022, PROVIDED MR. FRY IS EMPLOYED BY THE UNIVERSITY ON THE LAST DAY OF THE MONTH. IN ADDITION, THE DEFERRED COMPENSATION WAS CREDITED WITH INTEREST EARNED MONTHLY. MR. FRY WAS VESTED IN THE MONTHLY CREDITS AND EARNINGS IN THE DEFERRED COMPENSATION ARRANGEMENT FROM JANUARY 31, 2022, THROUGH DECEMBER 31, 2022. DREXEL UNIVERSITY, A RELATED ORGANIZATION, PAID MS. BOWMAN DEFERRED COMPENSATION OF $152,543, WHICH BEGAN EFFECTIVE SEPTEMBER 1, 2021. MS. BOWMAN HAD BEEN CREDITED $75,000 ON EACH SEPTEMBER 1, BEGINNING ON SEPTEMBER 1, 2021, AND ENDING ON SEPTEMBER 1, 2022. IN ADDITION, THE DEFERRED COMPENSATION WAS CREDITED WITH INTEREST EARNED ANNUALLY. ON SEPTEMBER 1, 2022, MS. BOWMAN BECAME FULLY VESTED IN THE DEFERRED COMPENSATION ARRANGEMENT. DREXEL UNIVERSITY, A RELATED ORGANIZATION, PROVIDES MR. FRY WITH A SUPPLEMENTAL RETIREMENT BENEFIT PLAN, AMENDED AND RESTATED EFFECTIVE APRIL 1, 2022, WHICH APPLIES TO CONTRIBUTION CREDITS COMMENCING FOR THE FISCAL YEARS ENDING ON JUNE 30, 2021, THROUGH JUNE 30, 2028. THE ALLOCATION FOR EACH FISCAL YEAR SHALL BE CONDITIONED ON MR. FRY'S CONTINUED EMPLOYMENT THROUGH THE END OF THE FISCAL YEAR (OR UPON THE DATE OF DEATH, TOTAL DISABILITY, OR INVOLUNTARY TERMINATION, IF EARLIER). THE ANNUAL ALLOCATION AMOUNT IS EQUAL TO 11% OF THE SUM OF MR. FRY'S BASE SALARY AND ANNUAL PERFORMANCE BONUS (IF ANY) FOR SUCH FISCAL YEAR THAT IS IN EXCESS OF THE COMPENSATION LIMIT UNDER SECTION 401(A)(17) OF THE INTERNAL REVENUE CODE.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt3DREXEL UNIVERSITY, A RELATED ORGANIZATION, PROVIDES JOHN FRY WITH A DEFERRED COMPENSATION ARRANGEMENT. THE UNIVERSITY WILL CREDIT MR. FRY WITH $25,000 ON JANUARY 31, 2022, AND ON EACH FOLLOWING MONTH THROUGH JUNE 30, 2023, WHILE HE REMAINS EMPLOYED BY THE UNIVERSITY AS PRESIDENT AND CHIEF EXECUTIVE OFFICER. THE DEFERRED COMPENSATION CREDITED, AND INTEREST EARNED IS VESTED MONTHLY, PROVIDED THAT MR. FRY IS EMPLOYED BY THE UNIVERSITY ON THE LAST DAY OF EACH MONTH.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 1A
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 1B
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc2PART I, LINE 4B
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc3PART II:
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NOT APPLICABLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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/SupplementalInformationDetail/ExplanationTxt2THERE WERE NO SUBCOMMITEES FORMED WITHIN THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS SUBMITTED TO THE PRESIDENT OF ACADEMIC ASSETS, INC. FOR REVIEW AND SIGNING. FORM 990 IS 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/SupplementalInformationDetail/ExplanationTxt4EACH YEAR THE DIRECTORS AND OFFICERS MUST COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE LOCATED AT THE OFFICE OF ACADEMIC PROPERTIES, INC. AND MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6INVESTMENT IN ACADEMIC PROPERTIES, INC. 2,841,318. INVESTMENT IN DUC, LLC -952.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART V, LINES 7G & 7H:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd11
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0ACADEMIC ASSETS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0DREXEL UNIVERSITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1ACEDEMIC PROPERTIES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0231352630
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1232411680
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATIONAL INSTITUTION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1PROPERTY MANAGEMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt112C, III-FI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt03201 ARCH STREET SUITE 400
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt13201 ARCH STREET SUITE 400
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PHILADELPHIA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1PHILADELPHIA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd019104

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$31,169,320
Liabilities
$0
Net assets
$31,169,320
Revenue
$12,128
Expenses
$0
Net income
$12,128
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
2023Detailed filing. Detailed filing data is available for this year.$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
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