Civic Intelligence

Foundation Properties Inc.

990 • Fiscal year 2016 • EIN 58-1940977

Aug 01, 2015 to Jul 31, 2016 • Filed on Feb 21, 2017

Organization Profilen/a
4225 University AvenueColumbus, GA 31907-5645

(706) 565-3640

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.79x

Higher debt load relative to assets than 82% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

97th percentile

16.87x

Higher debt load relative to revenue than 97% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Net Margin

75th percentile

11%

Higher net margin than 75% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

87th percentile

15%

Faster asset growth than 87% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Revenue Growth

2nd percentile

-59%

Faster revenue growth than 2% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$111,152,471

Up $14,574,774 (+15%) from 2015

Net Assets

Up

$23,643,958

Up $545,873 (+2.4%) from 2015

Liabilities

Up

$87,508,513

Up $14,028,901 (+19%) from 2015

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin75th percentile

Revenue

Down

$5,186,413

Down $7,459,275 (-59%) from 2015

Expenses

Down

$4,621,638

Down $537,681 (-10%) from 2015

Net Income

Down

$564,775

Down $6,921,594 (-92%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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

$150M$100M$50M$0Assets 2011: $102,496,345Liabilities 2011: $90,439,363Net Assets 2011: $12,056,9822011Assets 2012: $100,940,839Liabilities 2012: $89,300,322Net Assets 2012: $11,640,5172012Assets 2013: $95,413,942Liabilities 2013: $79,957,715Net Assets 2013: $15,456,2272013Assets 2014: $95,302,944Liabilities 2014: $79,677,695Net Assets 2014: $15,625,2492014Assets 2015: $96,577,697Liabilities 2015: $73,479,612Net Assets 2015: $23,098,0852015Assets 2016: $111,152,471Liabilities 2016: $87,508,513Net Assets 2016: $23,643,9582016Assets 2017: $115,738,127Liabilities 2017: $91,733,660Net Assets 2017: $24,004,4672017Assets 2018: $114,321,353Liabilities 2018: $89,881,668Net Assets 2018: $24,439,6852018Assets 2019: $112,638,782Liabilities 2019: $87,007,389Net Assets 2019: $25,631,3932019Assets 2020: $108,758,689Liabilities 2020: $84,604,696Net Assets 2020: $24,153,9932020Assets 2021: $109,244,110Liabilities 2021: $84,897,977Net Assets 2021: $24,346,1332021Assets 2022: $80,383,881Liabilities 2022: $55,161,012Net Assets 2022: $25,222,8692022Assets 2023: $66,174,355Liabilities 2023: $40,999,008Net Assets 2023: $25,175,3472023Assets 2024: $37,846,619Liabilities 2024: $16,374,743Net Assets 2024: $21,471,8762024

Highlighted filing

2016

Assets$111,152,471
Liabilities$87,508,513
Net Assets$23,643,958
Open 2016 Filing

Operations Trend

Revenue Growth2nd percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $6,792,4492011Expenses 2012: $6,825,0742012Revenue 2013: $9,678,719Expenses 2013: $5,957,461Net Income 2013: $3,721,2582013Revenue 2014: $6,251,798Expenses 2014: $6,110,224Net Income 2014: $141,5742014Revenue 2015: $12,645,688Expenses 2015: $5,159,319Net Income 2015: $7,486,3692015Revenue 2016: $5,186,413Expenses 2016: $4,621,638Net Income 2016: $564,7752016Revenue 2017: $5,024,940Expenses 2017: $4,746,317Net Income 2017: $278,6232017Revenue 2018: $5,344,649Expenses 2018: $5,025,095Net Income 2018: $319,5542018Revenue 2019: $5,996,503Expenses 2019: $4,896,810Net Income 2019: $1,099,6932019Revenue 2020: $6,742,153Expenses 2020: $8,473,918Net Income 2020: -$1,731,7652020Revenue 2021: $5,922,881Expenses 2021: $6,468,382Net Income 2021: -$545,5012021Revenue 2022: $6,179,282Expenses 2022: $4,563,482Net Income 2022: $1,615,8002022Revenue 2023: $5,430,634Expenses 2023: $4,688,225Net Income 2023: $742,4092023Revenue 2024: $595,589Expenses 2024: $4,299,058Net Income 2024: -$3,703,4692024

Highlighted filing

2016

Revenue$5,186,413
Expenses$4,621,638
Net Income$564,775
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2015 to Jul 31, 2016
Signed
Feb 21, 2017
Return Version
2015v3.0
Gross Receipts
$5,965,620
Mission and Program Overview

Mission

The principle purpose of Foundation Properties, Inc. shall be to promote the cause of higher education at Columbus State University, a unit of the University System of Georgia located in Columbus, GA, specifically through the management of real property affiliated with the University, holding real property for future development by the University and holding investment property for the benefit of the University.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$56,596,244$54,051,699▼ $2,544,545
Savings and Temporary Cash Investments$3,439,461$4,421,853▲ $982,392
Accounts Receivable$563,434$3,453,883▲ $2,890,449
Investments in Publicly Traded Securities$1,862,033$1,918,481▲ $56,448
Pledges and Grants Receivable$1,988,306$1,483,278▼ $505,028
Cash and Non-Interest-Bearing Accounts$3,635,975$1,123,757▼ $2,512,218
Prepaid Expenses and Deferred Charges$23,549$18,785▼ $4,764
Total Assets$96,577,697$111,152,471▲ $14,574,774
Other Assets Total$28,468,695$44,680,735▲ $16,212,040
Liabilities
Tax Exempt Bond Liabilities$48,056,000$41,256,000▼ $6,800,000
Accounts Payable and Accrued Expenses$25,119,523$32,047,165▲ $6,927,642
Mortgage Notes Payable Secured by Investment Property-$13,904,168-
Other Liabilities$254,848$290,050▲ $35,202
Deferred Revenue$49,241$11,130▼ $38,111
Total Liabilities$73,479,612$87,508,513▲ $14,028,901
Net Assets / Fund Balance
Unrestricted Net Assets$23,098,085$23,643,958▲ $545,873
Total Net Assets Fund Balance$23,098,085$23,643,958▲ $545,873
Total Liabilities and Net Assets / Fund Balance$96,577,697$111,152,471▲ $14,574,774

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$39,041,979$20,467,502$59,509,481
Leasehold Improvements$7,717,071$3,939,809$11,656,880
Land$7,121,075-$7,121,075
Other Land Buildings$171,574$1,134,151$1,305,725
Equipment$0$7,422$7,422
Other Assets Org$21,466,377--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Bill ReavesChairperson
Mathews D SwiftVice Chair
Dr Christopher MarkwoodEx-Officio Trustee
Greg DavisEx-Officio Trustee
Chris ShadburnTrustee
James D YanceyTrustee
James E BuntinTrustee
Jay AlexanderTrustee
Otis ScarboroughTrustee
H Lev NormanSecretary
Todd A SchusterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$84,604
Program Service Revenue
$5,124,219
Investment Income
$108,977
Other Revenue
$-131,387
All Other Contributions
$84,604
Change in Net Assets
$564,775

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,186,404
Revenue Not Reported on Financial Statements
$9
Revenue Not Reported on Form 990
$567,800
Other Revenue Adjustments
$9
Total Revenue per Audited Statements
$5,754,204
Total Revenue per Form 990
$5,186,413
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,375,555
Salaries, Compensation, and Employee Benefits$246,083
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$2,122,412--$2,122,412
Interest$1,444,887$372-$1,445,259
All Other Expenses$59,343$78,762-$138,105
Other Expenses$99,606$9,369-$99,606
Current Officers, Directors, Trustees, and Key Employees-$79,113-$79,113
Other Salaries and Wages$33,459$38,194-$71,653
Payroll Taxes-$64,389-$64,389
Other Employee Benefits$5,607$25,321-$30,928
Occupancy$26,702--$26,702
Fees for Services Accounting-$23,750-$23,750
Fees for Services Legal-$14,405-$14,405
Travel-$3,768-$3,768
Office Expenses$944$209-$1,153
Total Functional Expenses$4,283,986$337,652$0$4,621,638

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,208,326
Total Expenses per Form 990$4,621,638
Expenses per Audited Statements$4,621,628
Expenses Not Reported on Form 990$586,698
Expenses Not Reported on Financial Statements$10
Other Expense Adjustments$10
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
Accrued Taxes$168,745
Accrued Interest$121,305

Bond Issues

BondIssuerIssuedIssue PricePurpose
DDevelopment Authority of Columbus Georgia2010-02-01$18,975,000Uptown Student Housing
BDevelopment Authority of Columbus Georgia2009-07-29$15,000,000Athletic Dorms and Cunningham Center
BDevelopment Authority of Columbus Georgia2010-02-01$12,500,000Student Housing & Academic Facilities
CDevelopment Authority of Columbus Georgia2009-07-29$11,500,000Rankin Center
ADevelopment Authority of Columbus Georgia2006-02-09$9,180,000On-Campus Parking Deck
ADevelopment Authority of Columbus Georgia2009-07-29$6,700,000Theater, Arts & Dance Building

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
D$18,975,000--$672,471
B$15,000,000--$63,700
B$12,500,000--$597,363
C$11,500,000--$62,865
A$9,180,000--$410,535
A$6,700,000--$58,605

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

“The Controller e-mails a completed copy of the 990 to the members of the Board of Trustees for their personal review before the return is filed. Any questions or concerns are addressed by the Controller.”

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

“The board monitors the policy anually. If a member has a conflict of interest, they are requested to abstain from voting on the topic.”

Form 990, Part VI, Section B, line 15B

“Salaries are reviewed annually by the board.”

Form 990, Part VI, Section C, line 19

“The organization makes its information available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Foundation Properties Inc
EIN
58-1940977
Phone
7065653640
Address
4225 University Avenue, Columbus, GA 31907-5645

Signing Officer

Name
Dr Tom Helton
Title
Executive Director
Phone
7065653640
Signed
2017-02-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Helton
Formed
1988
Legal Domicile
Ga
Voting Board Members
11
Independent Board Members
11
Employees
1
Volunteers
11

Preparer

Firm
Dougherty McKinnon & Luby LLC
Address
2521 Brookstone Centre Pkwy, Columbus, GA 31904
Preparer
Erica D Chestnutt
Phone
7064949630
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Rounding -4.”

Form 990, Part XI, line 2C

“There have been no changes in the process of overseeing the audit or selection of the auditor.”

Financial Statement Notes

Part X, Line 2:

“The Foundation has not identified any uncertainties with respect to income tax positions for the year ended July 31, 2016. Accordingly, no provision for interest or penalties related to unrecognized tax benefits has been made in the accompanying financial statements. In addition, the Foundation's information for 2013 - 2016 is eligible to be examined by the state and federal taxing jurisdictions to which it reports.”

Part XI, Line 2D - Other Adjustments:

“Rental expenses 586,698.”

Part XI, Line 4B - Other Adjustments:

“rounding 9.”

Part XII, Line 2D - Other Adjustments:

“Rental expenses 586,698.”

Part XII, Line 4B - Other Adjustments:

“rounding 10.”

Raw XML AppendixShowing 400 of 745 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/LandBldgEquipBasisNetGrp/EOYAmt054051699
IRS990/LandBldgEquipCostOrOtherBssAmt079600583
IRS990/LegalDomicileStateCd0GA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0192509
IRS990/LessRentalExpensesGrp/RealAmt0586698
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The principle purpose of Foundation Properties, Inc. shall be to promote the cause of higher education at Columbus State University, a unit of the University System of Georgia located in Columbus, GA, specifically through the management of real property affiliated with the University, holding real property for future development by the University and holding investment property for the benefit of the University.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt013904168
IRS990/NetAssetsOrFundBalancesBOYAmt023098085
IRS990/NetAssetsOrFundBalancesEOYAmt023643958
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt032734
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt032734
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-136354
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0-136354
IRS990/NetUnrelatedBusTxblIncmAmt0-136354
IRS990/NetUnrlzdGainsLossesInvstAmt0-18898
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt026702
IRS990/OccupancyGrp/TotalAmt026702
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0209
IRS990/OfficeExpensesGrp/ProgramServicesAmt0944
IRS990/OfficeExpensesGrp/TotalAmt01153
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt028468695
IRS990/OtherAssetsTotalGrp/EOYAmt044680735
IRS990/OtherChangesInNetAssetsAmt0-4
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt025321
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt05607
IRS990/OtherEmployeeBenefitsGrp/TotalAmt030928
IRS990/OtherExpensesGrp/Desc0Insurance
IRS990/OtherExpensesGrp/Desc1Taxes and Licenses
IRS990/OtherExpensesGrp/Desc2Amortization
IRS990/OtherExpensesGrp/Desc3Repairs and Maintenance
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09369
IRS990/OtherExpensesGrp/ProgramServicesAmt0198422
IRS990/OtherExpensesGrp/ProgramServicesAmt1158145
IRS990/OtherExpensesGrp/ProgramServicesAmt2134459
IRS990/OtherExpensesGrp/ProgramServicesAmt399606
IRS990/OtherExpensesGrp/TotalAmt0207791
IRS990/OtherExpensesGrp/TotalAmt1158145
IRS990/OtherExpensesGrp/TotalAmt2134459
IRS990/OtherExpensesGrp/TotalAmt399606
IRS990/OtherLiabilitiesGrp/BOYAmt0254848
IRS990/OtherLiabilitiesGrp/EOYAmt0290050
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04967
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04967
IRS990/OtherRevenueTotalAmt04967
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt038194
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt033459
IRS990/OtherSalariesAndWagesGrp/TotalAmt071653
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt064389
IRS990/PayrollTaxesGrp/TotalAmt064389
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01988306
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01483278
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt023549
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018785
IRS990/PrincipalOfficerNm0Tom Helton
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0Rental of Real Property
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05124219
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05124219
IRS990/ProgSrvcAccomActy3Grp/Desc0Miscellaneous income primarily consisting of parking fees and application fees for student housing.
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt04967
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0570239
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt06559463
IRS990/PYOtherExpensesAmt04922543
IRS990/PYOtherRevenueAmt0-169195
IRS990/PYProgramServiceRevenueAmt05685181
IRS990/PYRevenuesLessExpensesAmt07486369
IRS990/PYSalariesCompEmpBnftPaidAmt0236776
IRS990/PYTotalExpensesAmt05159319
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt012645688
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0564775
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-136354
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05124219
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03439461
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04421853
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt084604
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0570239
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0540000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01192346
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt053292
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02440481
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt076243
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt085493
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt050418
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt024671
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt030134
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0266959
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt028763805
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt04967
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02434
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt011390
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0322134
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0472329
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0813254
IRS990ScheduleA/PublicSupportCY170Pct00.69320
IRS990ScheduleA/PublicSupportPY170Pct00.60840
IRS990ScheduleA/PublicSupportTotal170Amt02440481
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt084604
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0570239
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0540000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01192346
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt053292
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02440481
IRS990ScheduleA/TotalSupportAmt03520694
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt039041979
IRS990ScheduleD/BuildingsGrp/DepreciationAmt020467502
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt059509481
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07422
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07422
IRS990ScheduleD/ExpensesNotReportedAmt0586698
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt010
IRS990ScheduleD/ExpensesSubtotalAmt04621628
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt07121075
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt07121075
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt07717071
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03939809
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt011656880
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-18898
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0653449
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12444
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt222558465
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt321466377
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Debt Issuance Costs
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Other Assets
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Property Held for Development
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Construction in Progress
IRS990ScheduleD/OtherExpensesIncludedAmt0586698
IRS990ScheduleD/OtherExpensesNotIncludedAmt010
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0171574
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01134151
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01305725
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0121305
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1168745
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued Interest
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Accrued Taxes
IRS990ScheduleD/OtherRevenueAmt0586698
IRS990ScheduleD/OtherRevenuesNotIncludedAmt09
IRS990ScheduleD/RevenueNotReportedAmt0567800
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt09
IRS990ScheduleD/RevenueSubtotalAmt05186404
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation has not identified any uncertainties with respect to income tax positions for the year ended July 31, 2016. Accordingly, no provision for interest or penalties related to unrecognized tax benefits has been made in the accompanying financial statements. In addition, the Foundation's information for 2013 - 2016 is eligible to be examined by the state and federal taxing jurisdictions to which it reports.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Rental expenses 586,698.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2rounding 9.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Rental expenses 586,698.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4rounding 10.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt054051699
IRS990ScheduleD/TotalBookValueOtherAssetsAmt044680735
IRS990ScheduleD/TotalExpensesPerForm990Amt04621638
IRS990ScheduleD/TotalLiabilityAmt0290050
IRS990ScheduleD/TotalRevenuePerForm990Amt05186413
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05754204
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05208326
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd2C
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd3D
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd4A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd5B

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Filings

Displayed year

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

Open filing
Assets
$111,152,471
Liabilities
$87,508,513
Net assets
$23,643,958
Revenue
$5,186,413
Expenses
$4,621,638
Net income
$564,775
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.8$16.4$21.5$0.60$4.30$3.70
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$66.2$41.0$25.2$5.43$4.69$0.74
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$80.4$55.2$25.2$6.18$4.56$1.62
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$109$84.9$24.3$5.92$6.47$0.55
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$109$84.6$24.2$6.74$8.47$1.73
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$113$87.0$25.6$6.00$4.90$1.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$114$89.9$24.4$5.34$5.03$0.32
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$116$91.7$24.0$5.02$4.75$0.28
2016Detailed filing. Detailed filing data is available for this year.$111$87.5$23.6$5.19$4.62$0.56
2015Detailed filing. Detailed filing data is available for this year.$96.6$73.5$23.1$12.6$5.16$7.49
2014Detailed filing. Detailed filing data is available for this year.$95.3$79.7$15.6$6.25$6.11$0.14
2013Summary only. Only limited summary data is available for this year.$95.4$80.0$15.5$9.68$5.96$3.72
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$101$89.3$11.6$6.83
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$102$90.4$12.1$6.79