Civic Intelligence

Furman University Foundation Inc.

990 • Fiscal year 2010 • EIN 57-1061363

Jul 01, 2009 to Jun 30, 2010 • Filed on Mar 21, 2011

Organization ProfileN/A
3300 Poinsett Highway29613
Siviq Scores

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

Liabilities / Assets

46th percentile

0.20x

Higher debt load relative to assets than 46% of similar nonprofits.

2010 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets46th percentile

Assets

$5,652,291

No earlier filing loaded for comparison.

Net Assets

$4,547,327

No earlier filing loaded for comparison.

Liabilities

$1,104,964

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$23,316

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$30M$20M$10M$0Assets 2010: $5,652,291Liabilities 2010: $1,104,964Net Assets 2010: $4,547,3272010Assets 2011: $6,816,455Liabilities 2011: $1,124,845Net Assets 2011: $5,691,6102011Assets 2012: $8,693,688Liabilities 2012: $2,654,553Net Assets 2012: $6,039,1352012Assets 2013: $9,585,602Liabilities 2013: $1,952,360Net Assets 2013: $7,633,2422013Assets 2014: $10,317,228Liabilities 2014: $2,392,055Net Assets 2014: $7,925,1732014Assets 2015: $11,001,846Liabilities 2015: $2,378,036Net Assets 2015: $8,623,8102015Assets 2016: $11,701,101Liabilities 2016: $2,356,507Net Assets 2016: $9,344,5942016Assets 2017: $11,323,241Liabilities 2017: $2,140,023Net Assets 2017: $9,183,2182017Assets 2018: $12,999,509Liabilities 2018: $2,285,342Net Assets 2018: $10,714,1672018Assets 2019: $14,499,131Liabilities 2019: $2,272,505Net Assets 2019: $12,226,6262019Assets 2020: $16,212,869Liabilities 2020: $2,576,606Net Assets 2020: $13,636,2632020Assets 2021: $17,301,968Liabilities 2021: $2,228,232Net Assets 2021: $15,073,7362021Assets 2022: $18,731,685Liabilities 2022: $2,509,632Net Assets 2022: $16,222,0532022Assets 2023: $20,158,550Liabilities 2023: $2,640,346Net Assets 2023: $17,518,2042023Assets 2024: $21,575,884Liabilities 2024: $2,682,453Net Assets 2024: $18,893,4312024

Highlighted filing

2010

Assets$5,652,291
Liabilities$1,104,964
Net Assets$4,547,327
Open 2010 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $23,3162010Revenue 2011: $810,127Expenses 2011: $403,401Net Income 2011: $406,7262011Expenses 2012: $188,0442012Expenses 2013: $763,0142013Revenue 2014: $48,608Expenses 2014: $529,637Net Income 2014: -$481,0292014Revenue 2015: $104,621Expenses 2015: $209,039Net Income 2015: -$104,4182015Revenue 2016: $97,073Expenses 2016: $214,954Net Income 2016: -$117,8812016Revenue 2017: $2,421,540Expenses 2017: $3,276,013Net Income 2017: -$854,4732017Revenue 2018: $1,652,194Expenses 2018: $191,946Net Income 2018: $1,460,2482018Revenue 2019: $1,751,226Expenses 2019: $221,125Net Income 2019: $1,530,1012019Revenue 2020: $1,751,784Expenses 2020: $340,312Net Income 2020: $1,411,4722020Revenue 2021: $1,750,739Expenses 2021: $311,252Net Income 2021: $1,439,4872021Revenue 2022: $1,749,880Expenses 2022: $599,576Net Income 2022: $1,150,3042022Revenue 2023: $1,751,716Expenses 2023: $452,829Net Income 2023: $1,298,8872023Revenue 2024: $1,749,875Expenses 2024: $371,805Net Income 2024: $1,378,0702024

Highlighted filing

2010

Revenue-
Expenses$23,316
Net Income-
Open 2010 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2009 to Jun 30, 2010
Signed
Mar 21, 2011
Return Version
2009v1.7
Gross Receipts
$739,072
Mission and Program Overview

Mission

To operate as a nonprofit public benefit corporation to serve the needs and interests of furman university, an educational organization.

Filing and Contact Details

Filer

EIN
57-1061363
Raw XML AppendixShowing 400 of 465 raw XML fields

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IRS990/MissionDescription0THE FURMAN UNIVERSITY FOUNDATION WAS INCORPORATED TO OPERATE AS A NONPROFIT PUBLIC BENEFIT CORPORATION TO SERVE THE NEEDS AND INTERESTS OF FURMAN UNIVERSITY, AN EDUCATIONAL ORGANIZATION. THE FOUNDATION ACCEPTS GIFTS OF REAL ESTATE AND PURCHASES AND HOLDS REAL ESTATE FOR THE EXCLUSIVE USE AND BENEFIT OF FURMAN UNIVERSITY. THE ASSETS OF THE FOUNDATION ARE DISTRIBUTED TO THE UNIVERSITY AS THE DISCRETION OF THE FOUNDATION'S BOARD OF DIRECTORS.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0Other revenue items included in total revenue on Form 990, but not on the financial statements as follows: Rental Income on Ground lease-tax difference ($753,686) Rental Expenses ($ 2,372) Interest Income on Ground Lease $ 11,174 Total ($744,884)
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1Other expenses included in total expenses per the financial statements, but not on Form 990 are as follows: Rental Expenses $2,372
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation2The other reconciling items in the change of net assets from Form 990 to the financial statements are as follows: Rental Income on Ground Lease-tax difference $753,686 Interest Income on Ground Lease ($ 11,174) Total $742,512
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IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference1Schedule D, Part XIII, Line 2d
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IRS990ScheduleM/Form990ScheduleMPartII/Explanation0Furman University Foundation is entering the number of contributions received of each type in accordance with the Foundation's recordkeeping practices.
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IRS990ScheduleO/GeneralExplanation/Explanation0The Board of Directors of the Furman University Foundation received a copy of the prepared Form 990 at their meeting held on March 17, 2011 which was prior to the filing of the return. The Form 990 was reviewed by the directors at this time and any specific issues and/or questions were addressed. A copy of the final Form 990, as was filed with the IRS, was electronically provided to the Board of Directors prior to its filing.
IRS990ScheduleO/GeneralExplanation/Explanation1The Furman University Foundation is consolidated into Furman University for financial statement reporting purposes. The University receives an annual audit and issues consolidated financial statements of the University and Furman University Foundation.
IRS990ScheduleO/GeneralExplanation/Explanation2The Furman University Foundation established a Conflict of Interest Policy for the Board of Directors in April 2010. Each member of the board is required to complete a Conflicts of Interest Disclosure Form annually. Prior to consummating a transaction or acting upon a matter involving the possible existence of a duality or conflict of interest, the individual invloved shall make a full disclosure of all relevant facts to the President of the Board. Additonally, the Foundation has instituted a policy relating to conflicts of interest surrounding the various real estate transactions conducted by the Foundation. The policy is to assure that all real estate transactions are handled with propriety and sensitivity in regards to conflicts of interest.
IRS990ScheduleO/GeneralExplanation/Explanation3For the tax year ended June 30, 2010, the Furman University Foundation had neither a written whistleblower policy nor a written document retention and destruction policy. The Foundation follows the whistleblower policy and document retention and destruction policy as set forth by Furman University.
IRS990ScheduleO/GeneralExplanation/Explanation4The Furman University Foundation makes its governing documents and policies available upon request.
IRS990ScheduleO/GeneralExplanation/Explanation5Any transaction which occurred between the Furman Unviversity Foundation and Furman Unviversity for the tax year ended June 30, 2010 did not exceed the $50,000 threshold.
IRS990ScheduleO/GeneralExplanation/Identifier0Review of 990
IRS990ScheduleO/GeneralExplanation/Identifier1Audited Financial Statements
IRS990ScheduleO/GeneralExplanation/Identifier2Conflict of Interest Policy
IRS990ScheduleO/GeneralExplanation/Identifier3Written Policies
IRS990ScheduleO/GeneralExplanation/Identifier4Disclosure
IRS990ScheduleO/GeneralExplanation/Identifier5Transactions with Related Organizations
IRS990ScheduleO/GeneralExplanation/ReturnReference0Part VI Section A, Line 10
IRS990ScheduleO/GeneralExplanation/ReturnReference1Part IV, Line 12
IRS990ScheduleO/GeneralExplanation/ReturnReference2Part VI, Section B, Line 12
IRS990ScheduleO/GeneralExplanation/ReturnReference3Part VI, Section B, Line 13 and 14
IRS990ScheduleO/GeneralExplanation/ReturnReference4Part VI, Section C, Line 19
IRS990ScheduleO/GeneralExplanation/ReturnReference5Schedule R-Part V, Lines 1 and 2
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IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine103300 Poinsett Highway
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Document Assets

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Filings

Displayed year

2010 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$5,652,291
Liabilities
$1,104,964
Net assets
$4,547,327
Revenue
-
Expenses
$23,316
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$21.6$2.68$18.9$1.75$0.37$1.38
2023Detailed filing. Detailed filing data is available for this year.$20.2$2.64$17.5$1.75$0.45$1.30
2022Detailed filing. Detailed filing data is available for this year.$18.7$2.51$16.2$1.75$0.60$1.15
2021Detailed filing. Detailed filing data is available for this year.$17.3$2.23$15.1$1.75$0.31$1.44
2020Detailed filing. Detailed filing data is available for this year.$16.2$2.58$13.6$1.75$0.34$1.41
2019Detailed filing. Detailed filing data is available for this year.$14.5$2.27$12.2$1.75$0.22$1.53
2018Detailed filing. Detailed filing data is available for this year.$13.0$2.29$10.7$1.65$0.19$1.46
2017Detailed filing. Detailed filing data is available for this year.$11.3$2.14$9.18$2.42$3.28$0.85
2016Detailed filing. Detailed filing data is available for this year.$11.7$2.36$9.34$0.10$0.21$0.12
2015Detailed filing. Detailed filing data is available for this year.$11.0$2.38$8.62$0.10$0.21$0.10
2014Detailed filing. Detailed filing data is available for this year.$10.3$2.39$7.93$0.05$0.53$0.48
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.59$1.95$7.63$0.76
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.69$2.65$6.04$0.19
2011Summary only. Only limited summary data is available for this year.$6.82$1.12$5.69$0.81$0.40$0.41
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.65$1.10$4.55$0.02