Civic Intelligence

Foundation Properties Inc.

990 • Fiscal year 2024 • EIN 58-1940977

Aug 01, 2023 to Jul 31, 2024 • Filed on Jun 09, 2025

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

69th percentile

0.43x

Higher debt load relative to assets than 69% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

27.49x

Higher debt load relative to revenue than 99% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

1st percentile

-622%

Higher net margin than 1% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

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

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

1st percentile

-43%

Faster asset growth than 1% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

1st percentile

-89%

Faster revenue growth than 1% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

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

Historical Trend

Balance Sheet Trend

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

2024

Assets$37,846,619
Liabilities$16,374,743
Net Assets$21,471,876

Operations Trend

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

2024

Revenue$595,589
Expenses$4,299,058
Net Income-$3,703,469
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Jun 9, 2025
Return Version
2023v6.0
Gross Receipts
$12,549,722
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$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 Categories

AssetBook ValueDepreciationBasis
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--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Todd SchusterChair
Stuart RayfieldCSU President
Ron ThomasVice Chair
Bill ReavesTrustee
Brenda WilliamsTrustee
Mat SwiftTrustee
Matt PrieloznyTrustee
Wade BufordTrustee
Will PeekTrustee
Will WhiteTrustee
Janet DavisSecretary
Pace HalterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,141,190
Investment Income
$-3,343,318
Other Revenue
$-202,283
Change in Net Assets
$-3,703,469

Audited Revenue Reconciliation

Revenue per Audited Statements
$725,720
Revenue Not Reported on Financial Statements
$-130,131
Revenue Not Reported on Form 990
$256,424
Other Revenue Adjustments
$-132,250
Total Revenue per Audited Statements
$982,144
Total Revenue per Form 990
$595,589
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
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

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
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

Audited Expense Reconciliation

Line ItemAmount
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
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Columbus State UniverityColumbus, GA501(c)(3)Scholarships$28,123
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$77,732
Accrued Interest$70,129

Bond Issues

BondIssuerIssuedIssue PricePurpose
ADevelopment Authority of Columbus Georgia2010-02-01$18,975,000Uptown Student Housing
BDevelopment Authority of Columbus Georgia2006-02-09$9,180,000On-Campus Parking Deck

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$18,975,000--$672,471
B$9,180,000--$410,535

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
Yes
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
Mitch Watkins
Title
Executive Director
Phone
7065653640
Signed
2025-06-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mitch Watkins
Formed
1988
Legal Domicile
Ga
Voting Board Members
10
Independent Board Members
10
Employees
0
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 9:

rounding -2.

Form 990, Part XI, line 2C

There have been no changes in the process of overseeing the audit or selection of the auditor.

Financial Statement Notes

Part X, Line 2:

The Foundation has not identified any uncertainties with respect to income tax positions for the year ended July 31, 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.

Part XI, Line 2D - Other Adjustments:

Rental expenses 256,424.

Part XI, Line 4B - Other Adjustments:

Account grouping differences -132,250. rounding

Part XII, Line 2D - Other Adjustments:

Rental expenses 256,424.

Part XII, Line 4B - Other Adjustments:

Account grouping differences -132,250. Rounding -1.

Raw XML AppendixShowing 400 of 638 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt019401572
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt03823788
IRS990/AccountsReceivableGrp/BOYAmt0471626
IRS990/AccountsReceivableGrp/EOYAmt0452366
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0The principle purpose of Foundation Properties, Inc. shall be to promote the cause of higher education at Columbus State University, a unit of the University System of Georgia located in Columbus, GA, specifically through the management of real property affiliated with the University, holding real property for future development by the University and holding investment property for the benefit of the University.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0529
IRS990/AdvertisingGrp/TotalAmt0529
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt019325
IRS990/AllOtherExpensesGrp/ProgramServicesAmt036003
IRS990/AllOtherExpensesGrp/TotalAmt055328
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Gena B Stone
IRS990/BooksInCareOfDetail/PhoneNum07065078959
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt04225 University Avenue
IRS990/BooksInCareOfDetail/USAddress/CityNm0Columbus
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0GA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd031907
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt02322408
IRS990/CashNonInterestBearingGrp/EOYAmt0338759
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0121594
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0121594
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt032
IRS990/ConferencesMeetingsGrp/TotalAmt032
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt028123
IRS990/CYInvestmentIncomeAmt0-3343318
IRS990/CYOtherExpensesAmt03983315
IRS990/CYOtherRevenueAmt0-202283
IRS990/CYProgramServiceRevenueAmt04141190
IRS990/CYRevenuesLessExpensesAmt0-3703469
IRS990/CYSalariesCompEmpBnftPaidAmt0287620
IRS990/CYTotalExpensesAmt04299058
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0595589
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt01219
IRS990/DeferredRevenueGrp/EOYAmt03302
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01438204
IRS990/DepreciationDepletionGrp/TotalAmt01438204
IRS990/Desc0Holding, management and contribution of real property in support of Columbus State University.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountInd00
IRS990/ExpenseAmt03951111
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt031500
IRS990/FeesForServicesAccountingGrp/TotalAmt031500
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt057317
IRS990/FeesForServicesLegalGrp/TotalAmt057317
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt05450
IRS990/FeesForServicesOtherGrp/TotalAmt05450
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt02119
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt02119
IRS990/ForeignActivitiesInd00
IRS990/ForeignCountryCd0UK
IRS990/ForeignFinancialAccountInd01
IRS990/ForeignOfficeInd00
IRS990/Form1098CFiledInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form8899Filedind00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/PersonNm0Pace Halter
IRS990/Form990PartVIISectionAGrp/PersonNm1Stuart Rayfield
IRS990/Form990PartVIISectionAGrp/PersonNm2Mat Swift
IRS990/Form990PartVIISectionAGrp/PersonNm3Bill Reaves
IRS990/Form990PartVIISectionAGrp/PersonNm4Todd Schuster
IRS990/Form990PartVIISectionAGrp/PersonNm5Will Peek
IRS990/Form990PartVIISectionAGrp/PersonNm6Ron Thomas
IRS990/Form990PartVIISectionAGrp/PersonNm7Will White
IRS990/Form990PartVIISectionAGrp/PersonNm8Brenda Williams
IRS990/Form990PartVIISectionAGrp/PersonNm9Janet Davis
IRS990/Form990PartVIISectionAGrp/PersonNm10Wade Buford
IRS990/Form990PartVIISectionAGrp/PersonNm11Matt Prielozny
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt1CSU President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01988
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-3519927
IRS990/GainOrLossGrp/SecuritiesAmt01
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantAmt028123
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt028123
IRS990/GrantsToDomesticOrgsGrp/TotalAmt028123
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt08177782
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01
IRS990/GrossReceiptsAmt012549722
IRS990/GrossRentsGrp/RealAmt053040
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt07053
IRS990/InsuranceGrp/ProgramServicesAmt0168699
IRS990/InsuranceGrp/TotalAmt0175752
IRS990/InterestGrp/ProgramServicesAmt0538723
IRS990/InterestGrp/TotalAmt0538723
IRS990/InvestmentIncomeGrp/ExclusionAmt0176608
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0176608
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt021479157
IRS990/LandBldgEquipBasisNetGrp/BOYAmt035371272
IRS990/LandBldgEquipBasisNetGrp/EOYAmt022846589
IRS990/LandBldgEquipCostOrOtherBssAmt044325746
IRS990/LegalDomicileStateCd0GA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt011697709
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/RealAmt0256424
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/BOYAmt06918218
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04010000
IRS990/NetAssetsOrFundBalancesBOYAmt025175347
IRS990/NetAssetsOrFundBalancesEOYAmt021471876
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-3519926
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-3519926
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-203384
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0-203384
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt025175347
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt021471876
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt051430
IRS990/OccupancyGrp/TotalAmt051430
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0261
IRS990/OfficeExpensesGrp/TotalAmt0261
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt024018963
IRS990/OtherAssetsTotalGrp/EOYAmt08163149
IRS990/OtherChangesInNetAssetsAmt0-2
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt037452
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt016643
IRS990/OtherEmployeeBenefitsGrp/TotalAmt054095
IRS990/OtherExpensesGrp/Desc0Donations
IRS990/OtherExpensesGrp/Desc1Taxes and Licenses
IRS990/OtherExpensesGrp/Desc2Repairs and Maintenance
IRS990/OtherExpensesGrp/Desc3Amortization
IRS990/OtherExpensesGrp/ProgramServicesAmt01149406
IRS990/OtherExpensesGrp/ProgramServicesAmt1204781
IRS990/OtherExpensesGrp/ProgramServicesAmt2174160
IRS990/OtherExpensesGrp/ProgramServicesAmt395492
IRS990/OtherExpensesGrp/TotalAmt01149406
IRS990/OtherExpensesGrp/TotalAmt1204781
IRS990/OtherExpensesGrp/TotalAmt2174160
IRS990/OtherExpensesGrp/TotalAmt395492
IRS990/OtherLiabilitiesGrp/BOYAmt0264650
IRS990/OtherLiabilitiesGrp/EOYAmt0147861
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01101
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01101
IRS990/OtherRevenueTotalAmt01101
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt046282
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt049447
IRS990/OtherSalariesAndWagesGrp/TotalAmt095729
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt016202
IRS990/PayrollTaxesGrp/TotalAmt016202
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02281374
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01284530
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021000
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07916
IRS990/PrincipalOfficerNm0Mitch Watkins
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0Rental of Real Property
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04141190
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04141190
IRS990/ProgSrvcAccomActy2Grp/Desc0Miscellaneous income primarily consisting of parking fees and application fees for student housing.
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01101
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt044795
IRS990/PYInvestmentIncomeAmt0-132803
IRS990/PYOtherExpensesAmt04369979
IRS990/PYOtherRevenueAmt0-177095
IRS990/PYProgramServiceRevenueAmt05740532
IRS990/PYRevenuesLessExpensesAmt0742409
IRS990/PYSalariesCompEmpBnftPaidAmt0273451
IRS990/PYTotalExpensesAmt04688225
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05430634
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-3703469
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-203384
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04141190
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01687711
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04753310
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01109257
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01109257
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0176608
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0218412
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0258093
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0205906
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0155992
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01015011
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt04141190
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt05740532
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt05709911
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt05607794
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt05574362
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt026773789
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0176608
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0218412
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0258093
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0205906
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0155992
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01015011
IRS990ScheduleA/InvestmentIncomeCYPct00.03480
IRS990ScheduleA/InvestmentIncomePYPct00.03180
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01101
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt055314
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0192489
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0557
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt05415
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0254876
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95640
IRS990ScheduleA/PublicSupportPY509Pct00.95990
IRS990ScheduleA/PublicSupportTotal509Amt027883046
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt04141190
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt05740532
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt05709911
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt05607794
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt06683619
IRS990ScheduleA/Total509Grp/TotalAmt027883046
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt04318899
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt06014258
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt06160493
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt05814257
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt06845026
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt029152933
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt015931387
IRS990ScheduleD/BuildingsGrp/DepreciationAmt019063574
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt034994961
IRS990ScheduleD/ExpensesNotReportedAmt0256424
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-130132
IRS990ScheduleD/ExpensesSubtotalAmt04429190
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt02119
IRS990ScheduleD/InvestmentExpensesNotIncldAmt02119
IRS990ScheduleD/LandGrp/BookValueAmt05400853
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt05400853
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01511488
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01869736
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03381224
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt07936531
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1226618
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Property Held for Development

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$37.8$16.4$21.5$0.60$4.30$3.70
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$66.2$41.0$25.2$5.43$4.69$0.74
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$80.4$55.2$25.2$6.18$4.56$1.62
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$109$84.9$24.3$5.92$6.47$0.55
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$109$84.6$24.2$6.74$8.47$1.73
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$113$87.0$25.6$6.00$4.90$1.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$114$89.9$24.4$5.34$5.03$0.32
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