Civic Intelligence

Foundation Properties Inc.

990 • Fiscal year 2019 • EIN 58-1940977

Aug 01, 2018 to Jul 31, 2019 • Filed on May 08, 2020

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

0.77x

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

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

97th percentile

14.51x

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

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Net Margin

78th percentile

18%

Higher net margin than 78% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

4th percentile

$0

Higher top officer pay than 4% of similar nonprofits.

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

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Asset Growth

20th percentile

-1.5%

Faster asset growth than 20% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Revenue Growth

74th percentile

12%

Faster revenue growth than 74% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$112,638,782

Down $1,682,571 (-1.5%) from 2018

Net Assets

Up

$25,631,393

Up $1,191,708 (+4.9%) from 2018

Liabilities

Down

$87,007,389

Down $2,874,279 (-3.2%) from 2018

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin78th percentile

Revenue

Up

$5,996,503

Up $651,854 (+12%) from 2018

Expenses

Down

$4,896,810

Down $128,285 (-2.6%) from 2018

Net Income

Up

$1,099,693

Up $780,139 (+244%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth20th 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

2019

Assets$112,638,782
Liabilities$87,007,389
Net Assets$25,631,393
Open 2019 Filing

Operations Trend

Revenue Growth74th 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

2019

Revenue$5,996,503
Expenses$4,896,810
Net Income$1,099,693
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2018 to Jul 31, 2019
Signed
May 8, 2020
Return Version
2018v3.1
Gross Receipts
$6,808,417
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$49,579,992$47,549,457▼ $2,030,535
Savings and Temporary Cash Investments$6,848,000$7,493,405▲ $645,405
Investments in Publicly Traded Securities$3,278,624$4,274,660▲ $996,036
Accounts Receivable$2,785,106$1,970,745▼ $814,361
Pledges and Grants Receivable$1,115,247$1,114,327▼ $920
Cash and Non-Interest-Bearing Accounts$1,515,077$521,893▼ $993,184
Prepaid Expenses and Deferred Charges$15,922$29,682▲ $13,760
Total Assets$114,321,353$112,638,782▼ $1,682,571
Other Assets Total$49,183,385$49,684,613▲ $501,228
Liabilities
Accounts Payable and Accrued Expenses$33,220,753$39,625,089▲ $6,404,336
Tax Exempt Bond Liabilities$37,196,745$33,920,229▼ $3,276,516
Mortgage Notes Payable Secured by Investment Property$18,805,075$12,894,400▼ $5,910,675
Other Liabilities$634,817$538,058▼ $96,759
Deferred Revenue$24,278$29,613▲ $5,335
Total Liabilities$89,881,668$87,007,389▼ $2,874,279
Net Assets / Fund Balance
Unrestricted Net Assets$24,439,685$25,631,393▲ $1,191,708
Total Net Assets Fund Balance$24,439,685$25,631,393▲ $1,191,708
Total Liabilities and Net Assets / Fund Balance$114,321,353$112,638,782▼ $1,682,571

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$33,569,459$25,919,576$59,489,035
Leasehold Improvements$6,879,652$5,083,086$11,962,738
Land$7,017,532-$7,017,532
Other Land Buildings$82,814$1,225,942$1,308,756
Equipment$0$7,422$7,422
Other Assets Org$2,200--
Compensation and Service Providers
Top Officer Pay4th percentile

Board Members and Trustees

NameTitle
Bill ReavesChairman
Mat SwiftVice Chair
Dr Christopher MarkwoodEx-Officio Trustee
Emory AlexanderEx-Officio Trustee
Chris ShadburnTrustee
James D YanceyTrustee
Otis ScarboroughTrustee
Rick GordyTrustee
Ron ThomasTrustee
Jay AlexanderSecretary
Todd SchusterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$497,000
Program Service Revenue
$5,471,196
Investment Income
$167,890
Other Revenue
$-139,583
All Other Contributions
$497,000
Change in Net Assets
$1,099,693

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Other1$497,000Fair market value
Total Noncash Contributions1$497,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,946,954
Revenue Not Reported on Financial Statements
$49,549
Revenue Not Reported on Form 990
$689,727
Other Revenue Adjustments
$31,838
Total Revenue per Audited Statements
$6,636,681
Total Revenue per Form 990
$5,996,503
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,651,631
Salaries, Compensation, and Employee Benefits$245,179
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$2,086,622--$2,086,622
Interest$1,800,374--$1,800,374
Insurance$212,005--$212,005
All Other Expenses$93,793$12,402-$106,195
Other Expenses$72,608$81,426-$72,608
Current Officers, Directors, Trustees, and Key Employees-$72,531-$72,531
Other Salaries and Wages$39,690$28,896-$68,586
Payroll Taxes-$68,269-$68,269
Other Employee Benefits$8,688$27,105-$35,793
Fees for Services Accounting-$28,300-$28,300
Occupancy$23,309--$23,309
Fees for Services Legal-$7,295-$7,295
Conferences and Meetings-$226-$226
Office Expenses-$126-$126
Travel-$13-$13
Total Functional Expenses$4,570,221$326,589$0$4,896,810

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,444,973
Total Expenses per Form 990$4,896,810
Expenses per Audited Statements$4,847,261
Expenses Not Reported on Form 990$597,712
Expenses Not Reported on Financial Statements$49,549
Other Expense Adjustments$31,838
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$372,192
Accrued Taxes$165,866

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 after 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
2020-05-08
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 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, 2019. 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 2016 - 2019 is eligible to be examined by the state and federal taxing jurisdictions to which it reports.”

Part XI, Line 2D - Other Adjustments:

“Rental expenses 597,712.”

Part XI, Line 4B - Other Adjustments:

“Account grouping differences 31,838.”

Part XII, Line 2D - Other Adjustments:

“Rental expenses 597,712.”

Part XII, Line 4B - Other Adjustments:

“Account grouping differences 31,838.”

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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/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt0212005
IRS990/InsuranceGrp/TotalAmt0212005
IRS990/InterestGrp/ProgramServicesAmt01800374
IRS990/InterestGrp/TotalAmt01800374
IRS990/InvestmentIncomeGrp/ExclusionAmt0144423
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0144423
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt03278624
IRS990/InvestmentsPubTradedSecGrp/EOYAmt04274660
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt032236026
IRS990/LandBldgEquipBasisNetGrp/BOYAmt049579992
IRS990/LandBldgEquipBasisNetGrp/EOYAmt047549457
IRS990/LandBldgEquipCostOrOtherBssAmt079785483
IRS990/LegalDomicileStateCd0GA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0214202
IRS990/LessRentalExpensesGrp/RealAmt0597712
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/BOYAmt018805075
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt012894400
IRS990/NetAssetsOrFundBalancesBOYAmt024439685
IRS990/NetAssetsOrFundBalancesEOYAmt025631393
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt023467
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt023467
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-142700
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0-142700
IRS990/NetUnrelatedBusTxblIncmAmt0-142700
IRS990/NetUnrlzdGainsLossesInvstAmt092015
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt0497000
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt023309
IRS990/OccupancyGrp/TotalAmt023309
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0126
IRS990/OfficeExpensesGrp/TotalAmt0126
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt049183385
IRS990/OtherAssetsTotalGrp/EOYAmt049684613
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt027105
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt08688
IRS990/OtherEmployeeBenefitsGrp/TotalAmt035793
IRS990/OtherExpensesGrp/Desc0Taxes and Licenses
IRS990/OtherExpensesGrp/Desc1Repairs and Maintenance
IRS990/OtherExpensesGrp/Desc2Bank Fees
IRS990/OtherExpensesGrp/Desc3Amortization
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt081426
IRS990/OtherExpensesGrp/ProgramServicesAmt0151211
IRS990/OtherExpensesGrp/ProgramServicesAmt181921
IRS990/OtherExpensesGrp/ProgramServicesAmt272608
IRS990/OtherExpensesGrp/TotalAmt0151211
IRS990/OtherExpensesGrp/TotalAmt181921
IRS990/OtherExpensesGrp/TotalAmt281426
IRS990/OtherExpensesGrp/TotalAmt372608
IRS990/OtherLiabilitiesGrp/BOYAmt0634817
IRS990/OtherLiabilitiesGrp/EOYAmt0538058
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03117
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03117
IRS990/OtherRevenueTotalAmt03117
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt028896
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt039690
IRS990/OtherSalariesAndWagesGrp/TotalAmt068586
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt068269
IRS990/PayrollTaxesGrp/TotalAmt068269
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01115247
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01114327
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015922
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt029682
IRS990/PrincipalOfficerNm0Dr Tom Helton
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0Rental of Real Property
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05471196
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05471196
IRS990/ProgSrvcAccomActy2Grp/Desc0Miscellaneous income primarily consisting of parking fees and application fees for student housing.
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt03117
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt097331
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt039878
IRS990/PYOtherExpensesAmt04782099
IRS990/PYOtherRevenueAmt0-153838
IRS990/PYProgramServiceRevenueAmt05361278
IRS990/PYRevenuesLessExpensesAmt0319554
IRS990/PYSalariesCompEmpBnftPaidAmt0242996
IRS990/PYTotalExpensesAmt05025095
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05344649
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01099693
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-142700
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05471196
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06848000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07493405
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0497000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt097331
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt035871
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt084604
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0570239
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01285045
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0144423
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0135208
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0106896
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt076243
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt085493
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0548263
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt026928798
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt03117
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02367
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt02170
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt04967
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02434
IRS990ScheduleA/OtherIncome170Grp/TotalAmt015055
IRS990ScheduleA/PublicSupportCY170Pct00.69520
IRS990ScheduleA/PublicSupportPY170Pct00.73550
IRS990ScheduleA/PublicSupportTotal170Amt01285045
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0497000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt097331
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt035871
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt084604
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0570239
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01285045
IRS990ScheduleA/TotalSupportAmt01848363
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt033569459
IRS990ScheduleD/BuildingsGrp/DepreciationAmt025919576
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt059489035
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07422
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07422
IRS990ScheduleD/ExpensesNotReportedAmt0597712
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt049549
IRS990ScheduleD/ExpensesSubtotalAmt04847261
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt017711
IRS990ScheduleD/InvestmentExpensesNotIncldAmt017711
IRS990ScheduleD/LandGrp/BookValueAmt07017532
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt07017532
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt06879652
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05083086
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt011962738
IRS990ScheduleD/NetUnrealizedGainsInvstAmt092015
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02444
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt149679969
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt22200
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Other Assets
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Property Held for Development
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Construction in Progress
IRS990ScheduleD/OtherExpensesIncludedAmt0597712
IRS990ScheduleD/OtherExpensesNotIncludedAmt031838
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt082814
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01225942
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01308756
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0372192
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1165866
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued Interest
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Accrued Taxes
IRS990ScheduleD/OtherRevenueAmt0597712
IRS990ScheduleD/OtherRevenuesNotIncludedAmt031838
IRS990ScheduleD/RevenueNotReportedAmt0689727
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt049549
IRS990ScheduleD/RevenueSubtotalAmt05946954
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation has not identified any uncertainties with respect to income tax positions for the year ended July 31, 2019. 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 2016 - 2019 is eligible to be examined by the state and federal taxing jurisdictions to which it reports.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Rental expenses 597,712.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Account grouping differences 31,838.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Rental expenses 597,712.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4Account grouping differences 31,838.
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:

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$112,638,782
Liabilities
$87,007,389
Net assets
$25,631,393
Revenue
$5,996,503
Expenses
$4,896,810
Net income
$1,099,693
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
2019Detailed filing. Detailed filing data is available for this year.$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