Civic Intelligence

Foundation Properties Inc.

990 • Fiscal year 2021 • EIN 58-1940977

Aug 01, 2020 to Jul 31, 2021 • Filed on Jun 01, 2022

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

0.78x

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

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Liabilities / Revenue

97th percentile

14.33x

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

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Net Margin

10th percentile

-9.2%

Higher net margin than 10% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

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.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Asset Growth

17th percentile

0.4%

Faster asset growth than 17% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Revenue Growth

12th percentile

-12%

Faster revenue growth than 12% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$109,244,110

Up $485,421 (+0.4%) from 2020

Net Assets

Up

$24,346,133

Up $192,140 (+0.8%) from 2020

Liabilities

Up

$84,897,977

Up $293,281 (+0.3%) from 2020

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin10th percentile

Revenue

Down

$5,922,881

Down $819,272 (-12%) from 2020

Expenses

Down

$6,468,382

Down $2,005,536 (-24%) from 2020

Net Income

Up

-$545,501

Up $1,186,264 (+69%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth17th 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

2021

Assets$109,244,110
Liabilities$84,897,977
Net Assets$24,346,133
Open 2021 Filing

Operations Trend

Revenue Growth12th 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

2021

Revenue$5,922,881
Expenses$6,468,382
Net Income-$545,501
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2020 to Jul 31, 2021
Signed
Jun 1, 2022
Return Version
2020v4.2
Gross Receipts
$7,270,992
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$45,407,934$43,526,448▼ $1,881,486
Investments in Publicly Traded Securities$4,816,095$6,013,885▲ $1,197,790
Savings and Temporary Cash Investments$3,718,783$4,636,025▲ $917,242
Accounts Receivable$2,014,771$1,966,768▼ $48,003
Pledges and Grants Receivable$954,124$1,413,594▲ $459,470
Cash and Non-Interest-Bearing Accounts$461,867$312,695▼ $149,172
Prepaid Expenses and Deferred Charges$19,700$9,280▼ $10,420
Total Assets$108,758,689$109,244,110▲ $485,421
Other Assets Total$51,365,415$51,365,415→ $0
Liabilities
Accounts Payable and Accrued Expenses$43,566,364$46,588,848▲ $3,022,484
Tax Exempt Bond Liabilities$32,084,528$30,153,912▼ $1,930,616
Mortgage Notes Payable Secured by Investment Property$8,724,400$7,929,912▼ $794,488
Other Liabilities$228,185$224,086▼ $4,099
Deferred Revenue$1,219$1,219→ $0
Total Liabilities$84,604,696$84,897,977▲ $293,281
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$24,153,993$24,346,133▲ $192,140
Total Net Assets Fund Balance$24,153,993$24,346,133▲ $192,140
Total Liabilities and Net Assets / Fund Balance$108,758,689$109,244,110▲ $485,421

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$30,056,698$29,580,754$59,637,452
Leasehold Improvements$6,400,839$5,796,124$12,196,963
Land$7,020,732-$7,020,732
Other Land Buildings$48,179$1,260,577$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
Todd SchusterVice Chair
Dr Christopher MarkwoodEx-Officio Trustee
Teddie UsseryEx-Officio Trustee
Bill ReavesTrustee
Chris ShadburnTrustee
Janet DavisTrustee
Wade BufordTrustee
Ron ThomasSecretary
Rick GordyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,607,795
Investment Income
$417,322
Other Revenue
$-102,236
Change in Net Assets
$-545,501

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,897,117
Revenue Not Reported on Financial Statements
$25,764
Revenue Not Reported on Form 990
$1,340,852
Other Revenue Adjustments
$-1,041
Total Revenue per Audited Statements
$7,237,969
Total Revenue per Form 990
$5,922,881
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,122,442
Salaries, Compensation, and Employee Benefits$307,527
Grants and Similar Amounts Paid$38,413
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$2,043,611--$2,043,611
Interest$1,232,758--$1,232,758
Insurance$264,753$6,892-$271,645
Comp Disqual Persons-$154,423-$154,423
All Other Expenses$111,767$2,929-$114,696
Other Expenses$177,286$88,461-$88,461
Payroll Taxes-$73,819-$73,819
Other Salaries and Wages$26,519$19,887-$46,406
Grants to Domestic Orgs$38,413--$38,413
Other Employee Benefits$6,717$26,162-$32,879
Fees for Services Accounting-$31,675-$31,675
Fees for Services Legal-$22,952-$22,952
Occupancy$19,948--$19,948
Office Expenses-$10-$10
Total Functional Expenses$6,041,172$427,210$0$6,468,382

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,045,830
Total Expenses per Form 990$6,468,382
Expenses per Audited Statements$6,442,618
Expenses Not Reported on Form 990$603,212
Expenses Not Reported on Financial Statements$25,764
Other Expense Adjustments$-1,041
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Columbus State UniverityColumbus, GA501(c)(3)Scholarships$38,413
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$58,220

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
Jim Adkin
Title
Executive Director
Phone
7065653640
Signed
2022-06-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Adkin
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, 2021. 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 2018 - 2021 is eligible to be examined by the state and federal taxing jurisdictions to which it reports.”

Part XI, Line 2D - Other Adjustments:

“Rental expenses 603,211.”

Part XI, Line 4B - Other Adjustments:

“Account grouping differences -1,041.”

Part XII, Line 2D - Other Adjustments:

“Rental expenses 603,211. rounding 1.”

Part XII, Line 4B - Other Adjustments:

“Account grouping differences -1,041.”

Raw XML AppendixShowing 400 of 769 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/LandBldgEquipCostOrOtherBssAmt080171325
IRS990/LegalDomicileStateCd0GA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0744900
IRS990/LessRentalExpensesGrp/RealAmt0603211
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/BOYAmt08724400
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt07929912
IRS990/NetAssetsOrFundBalancesBOYAmt024153993
IRS990/NetAssetsOrFundBalancesEOYAmt024346133
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0211417
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0211417
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-102793
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0-102793
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0737641
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt024153993
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt024346133
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt019948
IRS990/OccupancyGrp/TotalAmt019948
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010
IRS990/OfficeExpensesGrp/TotalAmt010
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt051365415
IRS990/OtherAssetsTotalGrp/EOYAmt051365415
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt026162
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt06717
IRS990/OtherEmployeeBenefitsGrp/TotalAmt032879
IRS990/OtherExpensesGrp/Desc0Donations
IRS990/OtherExpensesGrp/Desc1Repairs and Maintenance
IRS990/OtherExpensesGrp/Desc2Taxes and Licenses
IRS990/OtherExpensesGrp/Desc3Bank Fees
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt088461
IRS990/OtherExpensesGrp/ProgramServicesAmt01919859
IRS990/OtherExpensesGrp/ProgramServicesAmt1199541
IRS990/OtherExpensesGrp/ProgramServicesAmt2177286
IRS990/OtherExpensesGrp/TotalAmt01919859
IRS990/OtherExpensesGrp/TotalAmt1199541
IRS990/OtherExpensesGrp/TotalAmt2177286
IRS990/OtherExpensesGrp/TotalAmt388461
IRS990/OtherLiabilitiesGrp/BOYAmt0228185
IRS990/OtherLiabilitiesGrp/EOYAmt0224086
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0557
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0557
IRS990/OtherRevenueTotalAmt0557
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt019887
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt026519
IRS990/OtherSalariesAndWagesGrp/TotalAmt046406
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt073819
IRS990/PayrollTaxesGrp/TotalAmt073819
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0954124
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01413594
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt019700
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09280
IRS990/PrincipalOfficerNm0Jim Adkin
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0Rental of Real Property
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05607795
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05607795
IRS990/ProgSrvcAccomActy2Grp/Desc0Miscellaneous income primarily consisting of parking fees and application fees for student housing.
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0557
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01109257
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0153298
IRS990/PYOtherExpensesAmt08152146
IRS990/PYOtherRevenueAmt0-94764
IRS990/PYProgramServiceRevenueAmt05574362
IRS990/PYRevenuesLessExpensesAmt0-1731765
IRS990/PYSalariesCompEmpBnftPaidAmt0321772
IRS990/PYTotalExpensesAmt08473918
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06742153
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-545501
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-102793
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05607795
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03718783
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04636025
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01109257
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0497000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt097331
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt035871
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01739459
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0205906
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0155992
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0144423
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0135208
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0106896
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0748425
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt05607794
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt05574362
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt05471196
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt05361278
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt05286924
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt027301554
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0205906
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0155992
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0144423
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0135208
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0106896
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0748425
IRS990ScheduleA/InvestmentIncomeCYPct00.02510
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0557
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt05415
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt03117
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02367
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02170
IRS990ScheduleA/OtherIncome509Grp/TotalAmt013626
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97440
IRS990ScheduleA/PublicSupportTotal509Amt029041013
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt05607794
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt06683619
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt05968196
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt05458609
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt05322795
IRS990ScheduleA/Total509Grp/TotalAmt029041013
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt05814257
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt06845026
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt06115736
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt05596184
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt05431861
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt029803064
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt030056698
IRS990ScheduleD/BuildingsGrp/DepreciationAmt029580754
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt059637452
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07422
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07422
IRS990ScheduleD/ExpensesNotReportedAmt0603212
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt025764
IRS990ScheduleD/ExpensesSubtotalAmt06442618
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt026805
IRS990ScheduleD/InvestmentExpensesNotIncldAmt026805
IRS990ScheduleD/LandGrp/BookValueAmt07020732
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt07020732
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt06400839
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05796124
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt012196963
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0737641
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01286
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt151364129
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Other Assets
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Property Held for Development
IRS990ScheduleD/OtherExpensesIncludedAmt0603212
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-1041
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt048179
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01260577
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01308756
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt058220
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1165866
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued Interest
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Accrued Taxes
IRS990ScheduleD/OtherRevenueAmt0603211
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-1041
IRS990ScheduleD/RevenueNotReportedAmt01340852
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt025764
IRS990ScheduleD/RevenueSubtotalAmt05897117
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation has not identified any uncertainties with respect to income tax positions for the year ended July 31, 2021. 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 2018 - 2021 is eligible to be examined by the state and federal taxing jurisdictions to which it reports.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Rental expenses 603,211.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Account grouping differences -1,041.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Rental expenses 603,211. rounding 1.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4Account grouping differences -1,041.
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:

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$109,244,110
Liabilities
$84,897,977
Net assets
$24,346,133
Revenue
$5,922,881
Expenses
$6,468,382
Net income
-$545,501
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
2021Detailed filing. Detailed filing data is available for this year.$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