Civic Intelligence

Furman University Foundation Inc.

990 • Fiscal year 2013 • EIN 57-1061363

Jul 01, 2012 to Jun 30, 2013 • Filed on May 07, 2014

Organization ProfileN/A
3300 Poinsett HighwaySuite29613
Siviq Scores

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

Liabilities / Assets

51st percentile

0.20x

Higher debt load relative to assets than 51% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M 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

72nd percentile

10%

Faster asset growth than 72% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M 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 / Assets51st percentile

Assets

Up

$9,585,602

Up $891,914 (+10%) from 2012

Net Assets

Up

$7,633,242

Up $1,594,107 (+26%) from 2012

Liabilities

Down

$1,952,360

Down $702,193 (-26%) from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$763,014

Up $574,970 (+306%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

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

2013

Assets$9,585,602
Liabilities$1,952,360
Net Assets$7,633,242
Open 2013 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

2013

Revenue-
Expenses$763,014
Net Income-
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
May 7, 2014
Return Version
2012v2.3
Gross Receipts
$2,558,626
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.

Major Activities

Activity 2
The Foundation, as lessor, has a ground lease with a South Carolina not-for-profit corporation. The lessee constructed a continuing care retirement community on the property. The lessee is responsible for all operating expenses and capital improvements.
Activity 3
The Foundation owned and rented residental property under month to month and annual agreements. The rental property was sold May 1, 2013. The Foundation incured expenses such as depreciation, maintenance and repairs.
Filing and Contact Details

Filer

EIN
57-1061363
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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 AT THE DISCRETION OF THE FOUNDATION'S BOARD OF DIRECTORS.
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation2RENTAL INCOME ON GROUND LEASE $712,645 INTEREST INCOME ON GROUND LEASE ($14,471) TOTAL $698,174
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IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0Grants to Furman University occur upon the sale of donated real estate for which the donors requested that the proceeds be transferred to the University to help fund construction projects or to fund endowed scholarships. Following the sales, cash is transferred to the University and recorded to a temporarily or permanently restricted funds, and accounted for separately in the University's books and records.
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Filings

Displayed year

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

Open filing
Assets
$9,585,602
Liabilities
$1,952,360
Net assets
$7,633,242
Revenue
-
Expenses
$763,014
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