Liabilities / Assets
69th percentile
Higher debt load relative to assets than 69% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
69th percentile
Higher debt load relative to assets than 69% of similar nonprofits.
Liabilities / Revenue
99th percentile
Higher debt load relative to revenue than 99% of similar nonprofits.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
9th percentile
Higher top officer pay than 9% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
1st percentile
Faster asset growth than 1% of similar nonprofits.
Revenue Growth
1st percentile
Faster revenue growth than 1% of similar nonprofits.
Assets
Down$37,846,619
Down $28,327,736 (-43%) from 2023
Net Assets
Down$21,471,876
Down $3,703,471 (-15%) from 2023
Liabilities
Down$16,374,743
Down $24,624,265 (-60%) from 2023
Revenue
Down$595,589
Down $4,835,045 (-89%) from 2023
Expenses
Down$4,299,058
Down $389,167 (-8.3%) from 2023
Net Income
Down-$3,703,469
Down $4,445,878 (-599%) from 2023
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $35,371,272 | $22,846,589 | ▼ $12,524,683 |
| Savings and Temporary Cash Investments | $1,687,711 | $4,753,310 | ▲ $3,065,599 |
| Pledges and Grants Receivable | $2,281,374 | $1,284,530 | ▼ $996,844 |
| Accounts Receivable | $471,626 | $452,366 | ▼ $19,260 |
| Cash and Non-Interest-Bearing Accounts | $2,322,408 | $338,759 | ▼ $1,983,649 |
| Prepaid Expenses and Deferred Charges | $21,000 | $7,916 | ▼ $13,084 |
| Total Assets | $66,174,354 | $37,846,619 | ▼ $28,327,735 |
| Other Assets Total | $24,018,963 | $8,163,149 | ▼ $15,855,814 |
| Liabilities | |||
| Tax Exempt Bond Liabilities | $14,413,348 | $8,389,792 | ▼ $6,023,556 |
| Mortgage Notes Payable Secured by Investment Property | $6,918,218 | $4,010,000 | ▼ $2,908,218 |
| Accounts Payable and Accrued Expenses | $19,401,572 | $3,823,788 | ▼ $15,577,784 |
| Other Liabilities | $264,650 | $147,861 | ▼ $116,789 |
| Deferred Revenue | $1,219 | $3,302 | ▲ $2,083 |
| Total Liabilities | $40,999,007 | $16,374,743 | ▼ $24,624,264 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $25,175,347 | $21,471,876 | ▼ $3,703,471 |
| Total Net Assets Fund Balance | $25,175,347 | $21,471,876 | ▼ $3,703,471 |
| Total Liabilities and Net Assets / Fund Balance | $66,174,354 | $37,846,619 | ▼ $28,327,735 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $15,931,387 | $19,063,574 | $34,994,961 |
| Land | $5,400,853 | - | $5,400,853 |
| Leasehold Improvements | $1,511,488 | $1,869,736 | $3,381,224 |
| Other Land Buildings | $2,861 | $545,847 | $548,708 |
| Other Assets Org | $226,618 | - | - |
| Name | Title |
|---|---|
| Todd Schuster | Chair |
| Stuart Rayfield | CSU President |
| Ron Thomas | Vice Chair |
| Bill Reaves | Trustee |
| Brenda Williams | Trustee |
| Mat Swift | Trustee |
| Matt Prielozny | Trustee |
| Wade Buford | Trustee |
| Will Peek | Trustee |
| Will White | Trustee |
| Janet Davis | Secretary |
| Pace Halter | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $3,983,315 |
| Salaries, Compensation, and Employee Benefits | $287,620 |
| Grants and Similar Amounts Paid | $28,123 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Depreciation Depletion | $1,438,204 | - | - | $1,438,204 |
| Interest | $538,723 | - | - | $538,723 |
| Insurance | $168,699 | $7,053 | - | $175,752 |
| Current Officers, Directors, Trustees, and Key Employees | - | $121,594 | - | $121,594 |
| Other Salaries and Wages | $49,447 | $46,282 | - | $95,729 |
| Other Expenses | $95,492 | - | - | $95,492 |
| Fees for Services Legal | - | $57,317 | - | $57,317 |
| All Other Expenses | $36,003 | $19,325 | - | $55,328 |
| Other Employee Benefits | $16,643 | $37,452 | - | $54,095 |
| Occupancy | $51,430 | - | - | $51,430 |
| Fees for Services Accounting | - | $31,500 | - | $31,500 |
| Grants to Domestic Orgs | $28,123 | - | - | $28,123 |
| Payroll Taxes | - | $16,202 | - | $16,202 |
| Fees for Services Other | - | $5,450 | - | $5,450 |
| Travel | - | $2,831 | - | $2,831 |
| Fees for Service Investment Mgmnt Fees | - | $2,119 | - | $2,119 |
| Advertising | - | $529 | - | $529 |
| Office Expenses | - | $261 | - | $261 |
| Conferences and Meetings | - | $32 | - | $32 |
| Total Functional Expenses | $3,951,111 | $347,947 | $0 | $4,299,058 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $4,685,614 |
| Expenses per Audited Statements | $4,429,190 |
| Total Expenses per Form 990 | $4,299,058 |
| Expenses Not Reported on Form 990 | $256,424 |
| Expenses Not Reported on Financial Statements | $-130,132 |
| Other Expense Adjustments | $-132,251 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Columbus State Univerity | Columbus, GA | 501(c)(3) | Scholarships | $28,123 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Accrued Taxes | $77,732 |
| Accrued Interest | $70,129 |
| Bond | Issuer | Issued | Issue Price | Purpose |
|---|---|---|---|---|
| A | Development Authority of Columbus Georgia | 2010-02-01 | $18,975,000 | Uptown Student Housing |
| B | Development Authority of Columbus Georgia | 2006-02-09 | $9,180,000 | On-Campus Parking Deck |
| Bond | Total Proceeds | Spent | Retired | Issuance Costs |
|---|---|---|---|---|
| A | $18,975,000 | - | - | $672,471 |
| B | $9,180,000 | - | - | $410,535 |
“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.”
“The board monitors the policy anually. If a member has a conflict of interest, they are requested to abstain from voting on the topic.”
“Salaries are reviewed annually by the board.”
“The organization makes its information available to the public upon request.”
“rounding -2.”
“There have been no changes in the process of overseeing the audit or selection of the auditor.”
“The Foundation has not identified any uncertainties with respect to income tax positions for the year ended July 31, 2024. 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 2021 - 2024 is eligible to be examined by the state and federal taxing jurisdictions to which it reports.”
“Rental expenses 256,424.”
“Account grouping differences -132,250. rounding”
“Rental expenses 256,424.”
“Account grouping differences -132,250. Rounding -1.”
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/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 19401572 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 3823788 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 471626 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 452366 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | 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. |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 529 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 529 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 19325 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 36003 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 55328 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | Gena B Stone |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 7065078959 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 4225 University Avenue |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | Columbus |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | GA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 31907 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 2322408 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 338759 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 121594 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 121594 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 1 |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 32 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 32 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 1 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 28123 |
| IRS990/CYInvestmentIncomeAmt | 0 | -3343318 |
| IRS990/CYOtherExpensesAmt | 0 | 3983315 |
| IRS990/CYOtherRevenueAmt | 0 | -202283 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 4141190 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -3703469 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 287620 |
| IRS990/CYTotalExpensesAmt | 0 | 4299058 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 595589 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 1219 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 3302 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 1438204 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 1438204 |
| IRS990/Desc | 0 | Holding, management and contribution of real property in support of Columbus State University. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 1 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/EscrowAccountInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 3951111 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 31500 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 31500 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 57317 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 57317 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 5450 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 5450 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt | 0 | 2119 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 2119 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignCountryCd | 0 | UK |
| IRS990/ForeignFinancialAccountInd | 0 | 1 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form1098CFiledInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form8899Filedind | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Pace Halter |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Stuart Rayfield |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Mat Swift |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Bill Reaves |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Todd Schuster |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Will Peek |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | Ron Thomas |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | Will White |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | Brenda Williams |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | Janet Davis |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | Wade Buford |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | Matt Prielozny |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | CSU President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Chair |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Vice Chair |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | Secretary |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | Trustee |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 0 |
| IRS990/Form990TFiledInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1988 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GainOrLossGrp/OtherAmt | 0 | -3519927 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | 1 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 10 |
| IRS990/GrantAmt | 0 | 28123 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 28123 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 28123 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/OtherAmt | 0 | 8177782 |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 1 |
| IRS990/GrossReceiptsAmt | 0 | 12549722 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 53040 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 10 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 7053 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 168699 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 175752 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 538723 |
| IRS990/InterestGrp/TotalAmt | 0 | 538723 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 176608 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 176608 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestTaxExemptBondsInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 10 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 21479157 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 35371272 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 22846589 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 44325746 |
| IRS990/LegalDomicileStateCd | 0 | GA |
| IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt | 0 | 11697709 |
| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 0 |
| IRS990/LessRentalExpensesGrp/RealAmt | 0 | 256424 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 6918218 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 4010000 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 25175347 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 21471876 |
| IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt | 0 | -3519926 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | -3519926 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | -203384 |
| IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt | 0 | -203384 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 25175347 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 21471876 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 51430 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 51430 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 261 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 261 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OnBehalfOfIssuerInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 24018963 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 8163149 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | -2 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 37452 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 16643 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 54095 |
| IRS990/OtherExpensesGrp/Desc | 0 | Donations |
| IRS990/OtherExpensesGrp/Desc | 1 | Taxes and Licenses |
| IRS990/OtherExpensesGrp/Desc | 2 | Repairs and Maintenance |
| IRS990/OtherExpensesGrp/Desc | 3 | Amortization |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 1149406 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 204781 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 174160 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 95492 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 1149406 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 204781 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 174160 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 95492 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 264650 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 147861 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | Miscellaneous |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1101 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 1101 |
| IRS990/OtherRevenueTotalAmt | 0 | 1101 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 46282 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 49447 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 95729 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 16202 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 16202 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 2281374 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 1284530 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 21000 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 7916 |
| IRS990/PrincipalOfficerNm | 0 | Mitch Watkins |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 531110 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Rental of Real Property |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 4141190 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 4141190 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | Miscellaneous income primarily consisting of parking fees and application fees for student housing. |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 1101 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 44795 |
| IRS990/PYInvestmentIncomeAmt | 0 | -132803 |
| IRS990/PYOtherExpensesAmt | 0 | 4369979 |
| IRS990/PYOtherRevenueAmt | 0 | -177095 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 5740532 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 742409 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 273451 |
| IRS990/PYTotalExpensesAmt | 0 | 4688225 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 5430634 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -3703469 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | -203384 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 4141190 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 1687711 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 4753310 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1109257 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 1109257 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 176608 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 218412 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 258093 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 205906 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 155992 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 1015011 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 4141190 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 5740532 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 5709911 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 5607794 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 5574362 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 26773789 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 176608 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 218412 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt | 0 | 258093 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt | 0 | 205906 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt | 0 | 155992 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 1015011 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.03480 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.03180 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt | 0 | 1101 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 55314 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 192489 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 557 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 5415 |
| IRS990ScheduleA/OtherIncome509Grp/TotalAmt | 0 | 254876 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.95640 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.95990 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 27883046 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 4141190 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 5740532 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 5709911 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 5607794 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 6683619 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 27883046 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 4318899 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 6014258 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 6160493 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 5814257 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 6845026 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 29152933 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 15931387 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 19063574 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 34994961 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 256424 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | -130132 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 4429190 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/InvestmentExpensesNotIncld2Amt | 0 | 2119 |
| IRS990ScheduleD/InvestmentExpensesNotIncldAmt | 0 | 2119 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 5400853 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 5400853 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 1511488 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 1869736 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 3381224 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 7936531 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 226618 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | Property Held for Development |
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Displayed year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.