Civic Intelligence

Foundation Properties Inc.

990 • Fiscal year 2017 • EIN 58-1940977

Aug 01, 2016 to Jul 31, 2017 • Filed on Jan 31, 2018

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

83rd percentile

0.79x

Higher debt load relative to assets than 83% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

98th percentile

18.26x

Higher debt load relative to revenue than 98% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Net Margin

57th percentile

5.5%

Higher net margin than 57% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

3rd percentile

$0

Higher top officer pay than 3% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Asset Growth

42nd percentile

4.1%

Faster asset growth than 42% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

23rd percentile

-3.1%

Faster revenue growth than 23% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$115,738,127

Up $4,585,656 (+4.1%) from 2016

Net Assets

Up

$24,004,467

Up $360,509 (+1.5%) from 2016

Liabilities

Up

$91,733,660

Up $4,225,147 (+4.8%) from 2016

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin57th percentile

Revenue

Down

$5,024,940

Down $161,473 (-3.1%) from 2016

Expenses

Up

$4,746,317

Up $124,679 (+2.7%) from 2016

Net Income

Down

$278,623

Down $286,152 (-51%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth42nd 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

2017

Assets$115,738,127
Liabilities$91,733,660
Net Assets$24,004,467
Open 2017 Filing

Operations Trend

Revenue Growth23rd 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

2017

Revenue$5,024,940
Expenses$4,746,317
Net Income$278,623
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2016 to Jul 31, 2017
Signed
Jan 31, 2018
Return Version
2016v3.0
Gross Receipts
$6,226,668
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$54,051,699$51,796,346▼ $2,255,353
Savings and Temporary Cash Investments$4,421,853$5,831,732▲ $1,409,879
Accounts Receivable$3,453,883$2,959,091▼ $494,792
Investments in Publicly Traded Securities$1,918,481$2,123,818▲ $205,337
Cash and Non-Interest-Bearing Accounts$1,123,757$1,812,002▲ $688,245
Pledges and Grants Receivable$1,483,278$1,424,532▼ $58,746
Prepaid Expenses and Deferred Charges$18,785$18,533▼ $252
Total Assets$111,152,471$115,738,127▲ $4,585,656
Other Assets Total$44,680,735$49,772,073▲ $5,091,338
Liabilities
Tax Exempt Bond Liabilities$41,256,000$39,692,000▼ $1,564,000
Accounts Payable and Accrued Expenses$32,047,165$31,481,835▼ $565,330
Mortgage Notes Payable Secured by Investment Property$13,904,168$19,970,075▲ $6,065,907
Other Liabilities$290,050$573,320▲ $283,270
Deferred Revenue$11,130$16,430▲ $5,300
Total Liabilities$87,508,513$91,733,660▲ $4,225,147
Net Assets / Fund Balance
Unrestricted Net Assets$23,643,958$24,004,467▲ $360,509
Total Net Assets Fund Balance$23,643,958$24,004,467▲ $360,509
Total Liabilities and Net Assets / Fund Balance$111,152,471$115,738,127▲ $4,585,656

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$37,211,191$22,298,290$59,509,481
Leasehold Improvements$7,345,895$4,316,293$11,662,188
Land$7,121,075-$7,121,075
Other Land Buildings$118,185$1,190,571$1,308,756
Equipment$0$7,422$7,422
Other Assets Org$49,180,941--
Compensation and Service Providers
Top Officer Pay3rd percentile

Board Members and Trustees

NameTitle
Todd A SchusterChairman
Jay AlexanderVice Chair
Dr Christopher MarkwoodEx-Officio Trustee
Wade BurfordEx-Officio Trustee
Bill ReavesTrustee
Chris ShadburnTrustee
H Lev NormanTrustee
James E BuntinTrustee
Otis ScarboroughTrustee
Mathews D SwiftSecretary
James D YanceyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$35,871
Program Service Revenue
$5,286,924
Investment Income
$-190,796
Other Revenue
$-107,059
All Other Contributions
$35,871
Change in Net Assets
$278,623

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,024,940
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$667,485
Total Revenue per Audited Statements
$5,692,425
Total Revenue per Form 990
$5,024,940
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,501,159
Salaries, Compensation, and Employee Benefits$245,158
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$2,113,690--$2,113,690
Interest$1,670,694--$1,670,694
All Other Expenses$111,497$1,496-$112,993
Other Expenses$90,991$83,556-$83,556
Current Officers, Directors, Trustees, and Key Employees-$81,598-$81,598
Payroll Taxes-$67,298-$67,298
Other Salaries and Wages$30,826$34,303-$65,129
Other Employee Benefits$6,177$24,956-$31,133
Occupancy$28,698--$28,698
Fees for Services Accounting-$28,500-$28,500
Fees for Services Legal-$6,060-$6,060
Office Expenses$1,477$145-$1,622
Conferences and Meetings-$398-$398
Travel-$163-$163
Total Functional Expenses$4,408,884$337,433$0$4,746,317

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,331,918
Expenses per Audited Statements$4,746,317
Total Expenses per Form 990$4,746,317
Expenses Not Reported on Form 990$585,601
Expenses Not Reported on Financial Statements$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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest$406,339
Accrued Taxes$166,981

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 11B

“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
2018-01-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr 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 2.”

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, 2017. 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 2014 - 2017 is eligible to be examined by the state and federal taxing jurisdictions to which it reports.”

Part XI, Line 2D - Other Adjustments:

“Rental expenses 585,601.”

Part XII, Line 2D - Other Adjustments:

“Rental expenses 585,601.”

Raw XML AppendixShowing 400 of 749 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt032047165
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt031481835
IRS990/AccountsReceivableGrp/BOYAmt03453883
IRS990/AccountsReceivableGrp/EOYAmt02959091
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0The 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/AllOtherContributionsAmt035871
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01496
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0111497
IRS990/AllOtherExpensesGrp/TotalAmt0112993
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Gena B Stone
IRS990/BooksInCareOfDetail/PhoneNum07065078959
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt04225 University Avenue
IRS990/BooksInCareOfDetail/USAddress/CityNm0Columbus
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0GA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd031907
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt01123757
IRS990/CashNonInterestBearingGrp/EOYAmt01812002
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt081598
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt081598
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0398
IRS990/ConferencesMeetingsGrp/TotalAmt0398
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt035871
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0-190796
IRS990/CYOtherExpensesAmt04501159
IRS990/CYOtherRevenueAmt0-107059
IRS990/CYProgramServiceRevenueAmt05286924
IRS990/CYRevenuesLessExpensesAmt0278623
IRS990/CYSalariesCompEmpBnftPaidAmt0245158
IRS990/CYTotalExpensesAmt04746317
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt05024940
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt011130
IRS990/DeferredRevenueGrp/EOYAmt016430
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt02113690
IRS990/DepreciationDepletionGrp/TotalAmt02113690
IRS990/Desc0Holding, management and contribution of real property in support of Columbus State University.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountInd00
IRS990/ExpenseAmt04408884
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt028500
IRS990/FeesForServicesAccountingGrp/TotalAmt028500
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt06060
IRS990/FeesForServicesLegalGrp/TotalAmt06060
IRS990/ForeignActivitiesInd00
IRS990/ForeignCountryCd0UK
IRS990/ForeignFinancialAccountInd01
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0Todd A Schuster
IRS990/Form990PartVIISectionAGrp/PersonNm1Chris Shadburn
IRS990/Form990PartVIISectionAGrp/PersonNm2Otis Scarborough
IRS990/Form990PartVIISectionAGrp/PersonNm3H Lev Norman
IRS990/Form990PartVIISectionAGrp/PersonNm4Bill Reaves
IRS990/Form990PartVIISectionAGrp/PersonNm5Mathews D Swift
IRS990/Form990PartVIISectionAGrp/PersonNm6Jay Alexander
IRS990/Form990PartVIISectionAGrp/PersonNm7James D Yancey
IRS990/Form990PartVIISectionAGrp/PersonNm8James E Buntin
IRS990/Form990PartVIISectionAGrp/PersonNm9Wade Burford
IRS990/Form990PartVIISectionAGrp/PersonNm10Dr Christopher Markwood
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt6Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt7Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Ex-Officio Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Ex-Officio Trustee
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01988
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-365000
IRS990/GainOrLossGrp/SecuritiesAmt067308
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt095000
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0223435
IRS990/GrossReceiptsAmt06226668
IRS990/GrossRentsGrp/RealAmt0476372
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/ProgramServicesAmt01670694
IRS990/InterestGrp/TotalAmt01670694
IRS990/InvestmentIncomeGrp/ExclusionAmt0106896
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0106896
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01918481
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02123818
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt027812576
IRS990/LandBldgEquipBasisNetGrp/BOYAmt054051699
IRS990/LandBldgEquipBasisNetGrp/EOYAmt051796346
IRS990/LandBldgEquipCostOrOtherBssAmt079608922
IRS990/LegalDomicileStateCd0GA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0460000
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0156127
IRS990/LessRentalExpensesGrp/RealAmt0585601
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/BOYAmt013904168
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt019970075
IRS990/NetAssetsOrFundBalancesBOYAmt023643958
IRS990/NetAssetsOrFundBalancesEOYAmt024004467
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-297692
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-297692
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-109229
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0-109229
IRS990/NetUnrelatedBusTxblIncmAmt0-109228
IRS990/NetUnrlzdGainsLossesInvstAmt081884
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt028698
IRS990/OccupancyGrp/TotalAmt028698
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0145
IRS990/OfficeExpensesGrp/ProgramServicesAmt01477
IRS990/OfficeExpensesGrp/TotalAmt01622
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt044680735
IRS990/OtherAssetsTotalGrp/EOYAmt049772073
IRS990/OtherChangesInNetAssetsAmt02
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt024956
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt06177
IRS990/OtherEmployeeBenefitsGrp/TotalAmt031133
IRS990/OtherExpensesGrp/Desc0Insurance
IRS990/OtherExpensesGrp/Desc1Taxes and Licenses
IRS990/OtherExpensesGrp/Desc2Repairs and Maintenance
IRS990/OtherExpensesGrp/Desc3Bank Fees
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08960
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt183556
IRS990/OtherExpensesGrp/ProgramServicesAmt0195599
IRS990/OtherExpensesGrp/ProgramServicesAmt1159235
IRS990/OtherExpensesGrp/ProgramServicesAmt290991
IRS990/OtherExpensesGrp/TotalAmt0204559
IRS990/OtherExpensesGrp/TotalAmt1159235
IRS990/OtherExpensesGrp/TotalAmt290991
IRS990/OtherExpensesGrp/TotalAmt383556
IRS990/OtherLiabilitiesGrp/BOYAmt0290050
IRS990/OtherLiabilitiesGrp/EOYAmt0573320
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02170
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02170
IRS990/OtherRevenueTotalAmt02170
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt034303
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt030826
IRS990/OtherSalariesAndWagesGrp/TotalAmt065129
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt067298
IRS990/PayrollTaxesGrp/TotalAmt067298
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01483278
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01424532
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt018785
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018533
IRS990/PrincipalOfficerNm0Dr Tom Helton
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0Rental of Real Property
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05286924
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05286924
IRS990/ProgSrvcAccomActy3Grp/Desc0Miscellaneous income primarily consisting of parking fees and application fees for student housing.
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt02170
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt084604
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0108977
IRS990/PYOtherExpensesAmt04375555
IRS990/PYOtherRevenueAmt0-131387
IRS990/PYProgramServiceRevenueAmt05124219
IRS990/PYRevenuesLessExpensesAmt0564775
IRS990/PYSalariesCompEmpBnftPaidAmt0246083
IRS990/PYTotalExpensesAmt04621638
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05186413
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0278623
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-109229
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05286924
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04421853
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05831732
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt035871
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt084604
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0570239
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0540000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01192346
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02423060
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0106896
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt076243
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt085493
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt050418
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt024671
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0343721
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt027987992
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt02170
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt04967
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt02434
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt011390
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0322134
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0343095
IRS990ScheduleA/PublicSupportCY170Pct00.77920
IRS990ScheduleA/PublicSupportPY170Pct00.69320
IRS990ScheduleA/PublicSupportTotal170Amt02423060
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt035871
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt084604
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0570239
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0540000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01192346
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02423060
IRS990ScheduleA/TotalSupportAmt03109876
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt037211191
IRS990ScheduleD/BuildingsGrp/DepreciationAmt022298290
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt059509481
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07422
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07422
IRS990ScheduleD/ExpensesNotReportedAmt0585601
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04746317
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt07121075
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt07121075
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt07345895
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04316293
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt011662188
IRS990ScheduleD/NetUnrealizedGainsInvstAmt081884
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0588688
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12444
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt249180941
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Debt Issuance Costs
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Other Assets
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Property Held for Development
IRS990ScheduleD/OtherExpensesIncludedAmt0585601
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0118185
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01190571
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01308756
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0406339
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1166981
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued Interest
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Accrued Taxes
IRS990ScheduleD/OtherRevenueAmt0585601
IRS990ScheduleD/RevenueNotReportedAmt0667485
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05024940
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation has not identified any uncertainties with respect to income tax positions for the year ended July 31, 2017. 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 2014 - 2017 is eligible to be examined by the state and federal taxing jurisdictions to which it reports.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Rental expenses 585,601.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Rental expenses 585,601.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt051796346
IRS990ScheduleD/TotalBookValueOtherAssetsAmt049772073
IRS990ScheduleD/TotalExpensesPerForm990Amt04746317
IRS990ScheduleD/TotalLiabilityAmt0573320
IRS990ScheduleD/TotalRevenuePerForm990Amt05024940
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05692425
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05331918
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd2C
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd3D
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd4A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd5B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd10
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd20

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$115,738,127
Liabilities
$91,733,660
Net assets
$24,004,467
Revenue
$5,024,940
Expenses
$4,746,317
Net income
$278,623
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
2017Detailed filing. Detailed filing data is available for this year.$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