Civic Intelligence

Foundation Properties Inc.

990 • Fiscal year 2020 • EIN 58-1940977

Aug 01, 2019 to Jul 31, 2020 • Filed on May 25, 2021

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

0.78x

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

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

97th percentile

12.55x

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

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Net Margin

10th percentile

-26%

Higher net margin than 10% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

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.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Asset Growth

13th percentile

-3.4%

Faster asset growth than 13% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

75th percentile

12%

Faster revenue growth than 75% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$108,758,689

Down $3,880,093 (-3.4%) from 2019

Net Assets

Down

$24,153,993

Down $1,477,400 (-5.8%) from 2019

Liabilities

Down

$84,604,696

Down $2,402,693 (-2.8%) from 2019

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin10th percentile

Revenue

Up

$6,742,153

Up $745,650 (+12%) from 2019

Expenses

Up

$8,473,918

Up $3,577,108 (+73%) from 2019

Net Income

Down

-$1,731,765

Down $2,831,458 (-257%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth13th 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

2020

Assets$108,758,689
Liabilities$84,604,696
Net Assets$24,153,993
Open 2020 Filing

Operations Trend

Revenue Growth75th 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

2020

Revenue$6,742,153
Expenses$8,473,918
Net Income-$1,731,765
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
May 25, 2021
Return Version
2019v5.2
Gross Receipts
$7,566,150
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$47,549,457$45,407,934▼ $2,141,523
Investments in Publicly Traded Securities$4,274,660$4,816,095▲ $541,435
Savings and Temporary Cash Investments$7,493,405$3,718,783▼ $3,774,622
Accounts Receivable$1,970,745$2,014,771▲ $44,026
Pledges and Grants Receivable$1,114,327$954,124▼ $160,203
Cash and Non-Interest-Bearing Accounts$521,893$461,867▼ $60,026
Prepaid Expenses and Deferred Charges$29,682$19,700▼ $9,982
Total Assets$112,638,782$108,758,689▼ $3,880,093
Other Assets Total$49,684,613$51,365,415▲ $1,680,802
Liabilities
Accounts Payable and Accrued Expenses$39,625,089$43,566,364▲ $3,941,275
Tax Exempt Bond Liabilities$33,920,229$32,084,528▼ $1,835,701
Mortgage Notes Payable Secured by Investment Property$12,894,400$8,724,400▼ $4,170,000
Other Liabilities$538,058$228,185▼ $309,873
Deferred Revenue$29,613$1,219▼ $28,394
Total Liabilities$87,007,389$84,604,696▼ $2,402,693
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$25,631,393$24,153,993▼ $1,477,400
Total Net Assets Fund Balance$25,631,393$24,153,993▼ $1,477,400
Total Liabilities and Net Assets / Fund Balance$112,638,782$108,758,689▼ $3,880,093

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$31,739,283$27,749,752$59,489,035
Leasehold Improvements$6,582,423$5,450,277$12,032,700
Land$7,020,732-$7,020,732
Other Land Buildings$65,496$1,243,260$1,308,756
Equipment$0$7,422$7,422
Other Assets Org$51,364,129--
Compensation and Service Providers
Top Officer Pay4th percentile

Board Members and Trustees

NameTitle
Mat SwiftChairman
Jay AlexanderVice Chair
Dr Christopher MarkwoodEx-Officio Trustee
Emory AlexanderEx-Officio Trustee
Chris ShadburnTrustee
Janet DavisTrustee
Rick GordyTrustee
Wade BufordTrustee
Ron ThomasSecretary
Otis ScarboroughTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,109,257
Program Service Revenue
$5,574,362
Investment Income
$153,298
Other Revenue
$-94,764
All Other Contributions
$1,109,257
Change in Net Assets
$-1,731,765

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$1,109,257Fair market value
Total Noncash Contributions1$1,109,257-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,696,593
Revenue Not Reported on Financial Statements
$45,560
Revenue Not Reported on Form 990
$839,473
Other Revenue Adjustments
$23,217
Total Revenue per Audited Statements
$7,536,066
Total Revenue per Form 990
$6,742,153
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,152,146
Salaries, Compensation, and Employee Benefits$321,772
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$2,064,210--$2,064,210
Interest$1,419,429--$1,419,429
Insurance$229,048--$229,048
All Other Expenses$131,059$13,569-$144,628
Current Officers, Directors, Trustees, and Key Employees-$136,605-$136,605
Other Expenses$116,442$92,782-$92,782
Payroll Taxes-$74,335-$74,335
Other Salaries and Wages$39,800$32,947-$72,747
Other Employee Benefits$8,943$29,142-$38,085
Fees for Services Accounting-$29,365-$29,365
Occupancy$23,938--$23,938
Fees for Services Other-$14,052-$14,052
Fees for Services Legal-$13,018-$13,018
Office Expenses-$4,899-$4,899
Conferences and Meetings-$127-$127
Total Functional Expenses$8,033,077$440,841$0$8,473,918

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$9,013,466
Total Expenses per Form 990$8,473,918
Expenses per Audited Statements$8,428,358
Expenses Not Reported on Form 990$585,108
Expenses Not Reported on Financial Statements$45,560
Other Expense Adjustments$23,217
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$165,866
Accrued Interest$62,319

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 35% controlled entity
No
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
2021-05-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Tom Helton
Formed
1988
Legal Domicile
Ga
Voting Board Members
10
Independent Board Members
10
Employees
1
Volunteers
10

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, 2020. 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 2017 - 2020 is eligible to be examined by the state and federal taxing jurisdictions to which it reports.”

Part XI, Line 2D - Other Adjustments:

“Rental expenses 585,108.”

Part XI, Line 4B - Other Adjustments:

“Account grouping differences 23,217.”

Part XII, Line 2D - Other Adjustments:

“Rental expenses 585,108.”

Part XII, Line 4B - Other Adjustments:

“Account grouping differences 23,217.”

Raw XML AppendixShowing 400 of 759 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/InsuranceGrp/TotalAmt0229048
IRS990/InterestGrp/ProgramServicesAmt01419429
IRS990/InterestGrp/TotalAmt01419429
IRS990/InvestmentIncomeGrp/ExclusionAmt0155992
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0155992
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt04274660
IRS990/InvestmentsPubTradedSecGrp/EOYAmt04816095
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt034450711
IRS990/LandBldgEquipBasisNetGrp/BOYAmt047549457
IRS990/LandBldgEquipBasisNetGrp/EOYAmt045407934
IRS990/LandBldgEquipCostOrOtherBssAmt079858645
IRS990/LegalDomicileStateCd0GA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0238889
IRS990/LessRentalExpensesGrp/RealAmt0585108
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/BOYAmt012894400
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt08724400
IRS990/NetAssetsOrFundBalancesBOYAmt025631393
IRS990/NetAssetsOrFundBalancesEOYAmt024153993
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-2694
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-2694
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-100179
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0-100179
IRS990/NetUnrelatedBusTxblIncmAmt0-100179
IRS990/NetUnrlzdGainsLossesInvstAmt0254365
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt025631393
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt024153993
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt01109257
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt023938
IRS990/OccupancyGrp/TotalAmt023938
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04899
IRS990/OfficeExpensesGrp/TotalAmt04899
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt049684613
IRS990/OtherAssetsTotalGrp/EOYAmt051365415
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt029142
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt08943
IRS990/OtherEmployeeBenefitsGrp/TotalAmt038085
IRS990/OtherExpensesGrp/Desc0Donations
IRS990/OtherExpensesGrp/Desc1Taxes and Licenses
IRS990/OtherExpensesGrp/Desc2Repairs and Maintenance
IRS990/OtherExpensesGrp/Desc3Bank Fees
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt092782
IRS990/OtherExpensesGrp/ProgramServicesAmt03801122
IRS990/OtherExpensesGrp/ProgramServicesAmt1199086
IRS990/OtherExpensesGrp/ProgramServicesAmt2116442
IRS990/OtherExpensesGrp/TotalAmt03801122
IRS990/OtherExpensesGrp/TotalAmt1199086
IRS990/OtherExpensesGrp/TotalAmt2116442
IRS990/OtherExpensesGrp/TotalAmt392782
IRS990/OtherLiabilitiesGrp/BOYAmt0538058
IRS990/OtherLiabilitiesGrp/EOYAmt0228185
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt05415
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05415
IRS990/OtherRevenueTotalAmt05415
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt032947
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt039800
IRS990/OtherSalariesAndWagesGrp/TotalAmt072747
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt074335
IRS990/PayrollTaxesGrp/TotalAmt074335
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01114327
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0954124
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt029682
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019700
IRS990/PrincipalOfficerNm0Dr Tom Helton
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0Rental of Real Property
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05574362
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05574362
IRS990/ProgSrvcAccomActy2Grp/Desc0Miscellaneous income primarily consisting of parking fees and application fees for student housing.
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt05415
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0497000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0167890
IRS990/PYOtherExpensesAmt04651631
IRS990/PYOtherRevenueAmt0-139583
IRS990/PYProgramServiceRevenueAmt05471196
IRS990/PYRevenuesLessExpensesAmt01099693
IRS990/PYSalariesCompEmpBnftPaidAmt0245179
IRS990/PYTotalExpensesAmt04896810
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05996503
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-1731765
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-100179
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05574362
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07493405
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03718783
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01109257
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0497000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt097331
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt035871
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt084604
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01824063
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0155992
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0144423
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0135208
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0106896
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt076243
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0618762
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt026817979
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt05415
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt03117
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt02367
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt02170
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt04967
IRS990ScheduleA/OtherIncome170Grp/TotalAmt018036
IRS990ScheduleA/PublicSupportCY170Pct00.12850
IRS990ScheduleA/PublicSupportPY170Pct00.69520
IRS990ScheduleA/PublicSupportTotal170Amt0316240
IRS990ScheduleA/SubstantialContributorsTotAmt01507823
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01109257
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0497000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt097331
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt035871
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt084604
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01824063
IRS990ScheduleA/TotalSupportAmt02460861
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/BookValueAmt031739283
IRS990ScheduleD/BuildingsGrp/DepreciationAmt027749752
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt059489035
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07422
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07422
IRS990ScheduleD/ExpensesNotReportedAmt0585108
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt045560
IRS990ScheduleD/ExpensesSubtotalAmt08428358
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt022343
IRS990ScheduleD/InvestmentExpensesNotIncldAmt022343
IRS990ScheduleD/LandGrp/BookValueAmt07020732
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt07020732
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt06582423
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05450277
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt012032700
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0254365
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01286
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt151364129
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Other Assets
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Property Held for Development
IRS990ScheduleD/OtherExpensesIncludedAmt0585108
IRS990ScheduleD/OtherExpensesNotIncludedAmt023217
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt065496
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01243260
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01308756
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt062319
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1165866
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued Interest
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Accrued Taxes
IRS990ScheduleD/OtherRevenueAmt0585108
IRS990ScheduleD/OtherRevenuesNotIncludedAmt023217
IRS990ScheduleD/RevenueNotReportedAmt0839473
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt045560
IRS990ScheduleD/RevenueSubtotalAmt06696593
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation has not identified any uncertainties with respect to income tax positions for the year ended July 31, 2020. 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 2017 - 2020 is eligible to be examined by the state and federal taxing jurisdictions to which it reports.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Rental expenses 585,108.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Account grouping differences 23,217.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Rental expenses 585,108.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4Account grouping differences 23,217.
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/TotalBookValueLandBuildingsAmt045407934
IRS990ScheduleD/TotalBookValueOtherAssetsAmt051365415
IRS990ScheduleD/TotalExpensesPerForm990Amt08473918

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$108,758,689
Liabilities
$84,604,696
Net assets
$24,153,993
Revenue
$6,742,153
Expenses
$8,473,918
Net income
-$1,731,765
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
2020Detailed filing. Detailed filing data is available for this year.$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