Civic Intelligence

Avery Properties Inc.

990 • Fiscal year 2024 • EIN 58-2328397

Jul 01, 2023 to Jun 30, 2024 • Filed on May 11, 2025

Organization Profilewww.agnesscott.edu
141 East College AvenueDecatur, GA 30030

(404) 471-6308

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

6th percentile

0.00x

Higher debt load relative to assets than 6% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

6th percentile

0.00x

Higher debt load relative to revenue than 6% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

1st percentile

-239%

Higher net margin than 1% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

87th percentile

$396,625

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 19.9% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

4th percentile

-21%

Faster asset growth than 4% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

93rd percentile

129%

Faster revenue growth than 93% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets6th percentile

Assets

Down

$18,090,659

Down $4,754,334 (-21%) from 2023

Net Assets

Down

$18,088,874

Down $4,754,734 (-21%) from 2023

Liabilities

Up

$1,785

Up $400 (+29%) from 2023

Revenue And Expenses
Liabilities / Revenue6th percentileNet Margin1st percentile

Revenue

Up

$1,991,833

Up $1,120,889 (+129%) from 2023

Expenses

Down

$6,746,567

Down $478,147 (-6.6%) from 2023

Net Income

Up

-$4,754,734

Up $1,599,036 (+25%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0-$10MAssets 2010: $4,391,593Liabilities 2010: $4,908,814Net Assets 2010: -$517,2212010Assets 2011: $4,156,197Liabilities 2011: $4,239,944Net Assets 2011: -$83,7472011Assets 2012: $3,917,192Liabilities 2012: $3,526,163Net Assets 2012: $391,0292012Assets 2013: $3,587,020Liabilities 2013: $2,740,409Net Assets 2013: $846,6112013Assets 2014: $3,263,396Liabilities 2014: $1,957,261Net Assets 2014: $1,306,1352014Assets 2015: $2,963,580Liabilities 2015: $1,199,691Net Assets 2015: $1,763,8892015Assets 2016: $2,660,694Liabilities 2016: $436,853Net Assets 2016: $2,223,8412016Assets 2017: $2,392,798Liabilities 2017: $146,610Net Assets 2017: $2,246,1882017Assets 2018: $2,718,733Liabilities 2018: $78,927Net Assets 2018: $2,639,8062018Assets 2019: $2,206,211Liabilities 2019: $79,354Net Assets 2019: $2,126,8572019Assets 2020: $2,318,111Liabilities 2020: $209,591Net Assets 2020: $2,108,5202020Assets 2021: $1,775,692Liabilities 2021: $225,253Net Assets 2021: $1,550,4392021Assets 2022: $29,198,763Liabilities 2022: $1,385Net Assets 2022: $29,197,3782022Assets 2023: $22,844,993Liabilities 2023: $1,385Net Assets 2023: $22,843,6082023Assets 2024: $18,090,659Liabilities 2024: $1,785Net Assets 2024: $18,088,8742024

Highlighted filing

2024

Assets$18,090,659
Liabilities$1,785
Net Assets$18,088,874
Open 2024 Filing

Operations Trend

Revenue Growth93rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $02010Revenue 2011: $433,474Expenses 2011: $0Net Income 2011: $433,4742011Expenses 2012: $02012Expenses 2013: $02013Revenue 2014: $459,524Expenses 2014: $0Net Income 2014: $459,5242014Revenue 2015: $457,754Expenses 2015: $0Net Income 2015: $457,7542015Revenue 2016: $459,954Expenses 2016: $0Net Income 2016: $459,9542016Revenue 2017: $429,093Expenses 2017: $406,746Net Income 2017: $22,3472017Revenue 2018: $1,189,675Expenses 2018: $796,057Net Income 2018: $393,6182018Revenue 2019: $1,214,907Expenses 2019: $1,727,856Net Income 2019: -$512,9492019Revenue 2020: $1,074,666Expenses 2020: $1,093,003Net Income 2020: -$18,3372020Revenue 2021: $518,125Expenses 2021: $1,076,206Net Income 2021: -$558,0812021Revenue 2022: $28,468,179Expenses 2022: $821,240Net Income 2022: $27,646,9392022Revenue 2023: $870,944Expenses 2023: $7,224,714Net Income 2023: -$6,353,7702023Revenue 2024: $1,991,833Expenses 2024: $6,746,567Net Income 2024: -$4,754,7342024

Highlighted filing

2024

Revenue$1,991,833
Expenses$6,746,567
Net Income-$4,754,734
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 11, 2025
Return Version
2023v6.0
Gross Receipts
$1,991,833
Mission and Program Overview

Mission

Charitable organization to support the furtherance of Agnes Scott College's educational purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$21,676,921$17,065,928▼ $4,610,993
Cash and Non-Interest-Bearing Accounts$1,168,072$1,024,731▼ $143,341
Total Assets$22,844,993$18,090,659▼ $4,754,334
Liabilities
Escrow Account Liability$1,385$1,785▲ $400
Total Liabilities$1,385$1,785▲ $400
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$22,843,608$18,088,874▼ $4,754,734
Total Net Assets Fund Balance$22,843,608$18,088,874▼ $4,754,734
Total Liabilities and Net Assets / Fund Balance$22,844,993$18,090,659▼ $4,754,334
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleOtherTotal
Lea Ann HudsonSecretary/Associate VP$149,157$149,157

Board Members and Trustees

NameTitle
Elizabeth H NoeChair
E Ann GlendinningPresident
Leocadia I ZakPresident of Agnes Scott College
J Walter DrakeTrustee
David D WeitnauerSecretary/Treasurer
Nicole LongVP Finance & Administration
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,991,833
Other Revenue
$0
Change in Net Assets
$-4,754,734
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$6,560,312
Other Expenses$186,255
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$6,560,312--$6,560,312
Fees for Services Other$119,596--$119,596
Fees for Service Investment Mgmnt Fees-$42,156-$42,156
Occupancy$24,503--$24,503
Total Functional Expenses$6,704,411$42,156$0$6,746,567
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Agnes Scott CollegeDecatur, GA501(c)(3)Operational Support$6,560,312
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
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 Vice President of Finance & Administration of Agnes Scott College performs a detailed review of Avery properties' form 990 before filing the return. The board of trustees for Avery properties receive a copy of the return for review before filing.”

Form 990, Part VI, Section B, line 12C

“Annually, each member of the board of trustees is required to sign the conflict of interest policy and disclose whether they have any conflicts. The secretary of the board of trustees oversees the receipt of these policies and reports to the chairman of the board of trustees if any conflict is noted.”

Form 990, Part VI, Section C, line 19

“Avery Properties, Inc.'s operations are a part of the audited financial statements of its supported organization, Agnes Scott College. The college's financial statements are available to the public upon request and approval of an officer of the college. Avery Properties, Inc.'s governing documents are not available for public inspection.”

Filing and Contact Details

Filer

Filer Name
Avery Properties Inc
EIN
58-2328397
Phone
4044716308
Address
141 East College Avenue, Decatur, GA 30030

Signing Officer

Name
Nicole Long
Title
VP Finance & Administration
Phone
4044716308
Signed
2025-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicole Long
Formed
1997
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
4
Employees
3
Volunteers
4

Preparer

Firm
Mauldin & Jenkins LLC
Address
200 Galleria Pkwy SE Ste 1700, Atlanta, GA 30339-5946
Preparer
Mary Jo Alexander
Phone
7709558600
Supplemental Narrative

Additional Explanations

Form 990 Part I Line 5 & Part V Line 2A

“Avery Properties, Inc. does not maintain a payroll. The organization's 3 employees are on the payroll of Agnes Scott College, a related organization.”

Financial Statement Notes

Part IV, Line 2B:

“Avery Properties reports the security deposits held for Avery Glen Apartments leased by current tenants as an escrow account liability on the balance sheet.”

Part X, Line 2:

“The College is recognized by the Internal Revenue Service as an organization exempt from federal income tax under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3), except for taxes on income from activities unrelated to its exempt purpose. The College evaluates its uncertain tax positions using the provisions of Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 740 Income Taxes. The College follows the criterion that an individual tax position has to meet the relevant technical requirements for the position to be recognized in the College's consolidated financial statements. The College determined that the relevant tax authority would more likely than not sustain the tax position following an audit. The College has applied this criterion to all tax positions for which the statute of limitations remains open. The College has a policy to record interest and penalties (if any) related to income tax matters in income tax expense. The College has determined that its tax positions satisfy the more likely than not criterion and that no provision for income taxes is required at June 30, 2024 and 2023. For the years ended June 30, 2024 and 2023, no interest and penalties were recorded.”

Raw XML AppendixShowing 400 of 444 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/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0Charitable organization to support the furtherance of Agnes Scott College's educational purposes.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Lai Chan Controller
IRS990/BooksInCareOfDetail/PhoneNum04044716308
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0141 East College Avenue
IRS990/BooksInCareOfDetail/USAddress/CityNm0Decatur
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0GA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd030030
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt01168072
IRS990/CashNonInterestBearingGrp/EOYAmt01024731
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd01
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt06560312
IRS990/CYInvestmentIncomeAmt01991833
IRS990/CYOtherExpensesAmt0186255
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-4754734
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt06746567
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01991833
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0To provide affordable housing for the students and to support the operations of Agnes Scott College.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountLiabilityGrp/BOYAmt01385
IRS990/EscrowAccountLiabilityGrp/EOYAmt01785
IRS990/ExpenseAmt06704411
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0119596
IRS990/FeesForServicesOtherGrp/TotalAmt0119596
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt042156
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt042156
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.40
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.40
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.40
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.20
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt070688
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt127518
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt224513
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0Leocadia I Zak
IRS990/Form990PartVIISectionAGrp/PersonNm1Lea Ann Hudson
IRS990/Form990PartVIISectionAGrp/PersonNm2Nicole Long
IRS990/Form990PartVIISectionAGrp/PersonNm3E Ann Glendinning
IRS990/Form990PartVIISectionAGrp/PersonNm4David D Weitnauer
IRS990/Form990PartVIISectionAGrp/PersonNm5Elizabeth H Noe
IRS990/Form990PartVIISectionAGrp/PersonNm6J Walter Drake
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0325937
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1121639
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2136358
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0President of Agnes Scott College
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary/Associate VP
IRS990/Form990PartVIISectionAGrp/TitleTxt2VP Finance & Administration
IRS990/Form990PartVIISectionAGrp/TitleTxt3President
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt01301962
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt06560312
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt06560312
IRS990/GrantsToDomesticOrgsGrp/TotalAmt06560312
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01301962
IRS990/GrossReceiptsAmt01991833
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0689871
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0689871
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt021676921
IRS990/InvestmentsPubTradedSecGrp/EOYAmt017065928
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0GA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Charitable organization to support the furtherance of Agnes Scott College's educational purposes.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt022843608
IRS990/NetAssetsOrFundBalancesEOYAmt018088874
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01301962
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01301962
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt022843608
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt018088874
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt024503
IRS990/OccupancyGrp/TotalAmt024503
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Nicole Long
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt07060000
IRS990/PYInvestmentIncomeAmt0870944
IRS990/PYOtherExpensesAmt0164714
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-6353770
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt07224714
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0870944
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-4754734
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Control and management of the supporting organization is vested in several mutual trustees and executive management of the supported entity. Agnes Scott College President, Vice President of Finance and Administration, and Secretary are all officers of the supporting entity. In this way the supported entity controls the supporting entity. The control of the supporting organization is vested in its Board of Trustees. Two of the five voting members of the Board of Trustees are either voting members or members of the executive management of the supporting organization.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Section C Line 1
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0580566116
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt06560312
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Agnes Scott College
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt06560312
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Avery Properties reports the security deposits held for Avery Glen Apartments leased by current tenants as an escrow account liability on the balance sheet.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The College is recognized by the Internal Revenue Service as an organization exempt from federal income tax under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3), except for taxes on income from activities unrelated to its exempt purpose. The College evaluates its uncertain tax positions using the provisions of Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 740 Income Taxes. The College follows the criterion that an individual tax position has to meet the relevant technical requirements for the position to be recognized in the College's consolidated financial statements. The College determined that the relevant tax authority would more likely than not sustain the tax position following an audit. The College has applied this criterion to all tax positions for which the statute of limitations remains open. The College has a policy to record interest and penalties (if any) related to income tax matters in income tax expense. The College has determined that its tax positions satisfy the more likely than not criterion and that no provision for income taxes is required at June 30, 2024 and 2023. For the years ended June 30, 2024 and 2023, no interest and penalties were recorded.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 2b:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt06560312
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Operational Support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Agnes Scott College
IRS990ScheduleI/RecipientTable/RecipientEIN0580566116
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0141 East College Avenue
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Decatur
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0GA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd030030
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0325937
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1136358
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt017875
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt052813
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt124513
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Leocadia I Zak
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Nicole Long
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President of Agnes Scott College
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VP Finance & Administration
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0396625
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1160871
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Agnes Scott College, a related organization, provides a residence for personal and professional use to the President. This housing is excluded from taxable income under IRS code section 119 and included in column D in Schedule J, Part II.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 1A
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Avery Properties, Inc. does not maintain a payroll. The organization's 3 employees are on the payroll of Agnes Scott College, a related organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Vice President of Finance & Administration of Agnes Scott College performs a detailed review of Avery properties' form 990 before filing the return. The board of trustees for Avery properties receive a copy of the return for review before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Annually, each member of the board of trustees is required to sign the conflict of interest policy and disclose whether they have any conflicts. The secretary of the board of trustees oversees the receipt of these policies and reports to the chairman of the board of trustees if any conflict is noted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Avery Properties, Inc.'s operations are a part of the audited financial statements of its supported organization, Agnes Scott College. The college's financial statements are available to the public upon request and approval of an officer of the college. Avery Properties, Inc.'s governing documents are not available for public inspection.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 Part I Line 5 & Part V Line 2a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0Agnes Scott College
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Agnes Scott College
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Ballykeel Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0580566116
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1582338224
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0College
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Holding Corp
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1Line 11
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0141 East College Avenue
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1141 East College Avenue
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Decatur
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Decatur
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd030030
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd130030
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt022844993
IRS990/TotalAssetsEOYAmt018090659
IRS990/TotalAssetsGrp/BOYAmt022844993
IRS990/TotalAssetsGrp/EOYAmt018090659
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt042156
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06704411
IRS990/TotalFunctionalExpensesGrp/TotalAmt06746567
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01385
IRS990/TotalLiabilitiesEOYAmt01785
IRS990/TotalLiabilitiesGrp/BOYAmt01385
IRS990/TotalLiabilitiesGrp/EOYAmt01785
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt022843608
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt018088874
IRS990/TotalOtherCompensationAmt0122719
IRS990/TotalProgramServiceExpensesAmt06704411
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01991833
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01991833
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,090,659
Liabilities
$1,785
Net assets
$18,088,874
Revenue
$1,991,833
Expenses
$6,746,567
Net income
-$4,754,734
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$18.1$0.00$18.1$1.99$6.75$4.75
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.8$0.00$22.8$0.87$7.22$6.35
2022Detailed filing. Detailed filing data is available for this year.$29.2$0.00$29.2$28.5$0.82$27.6
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.78$0.23$1.55$0.52$1.08$0.56
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.32$0.21$2.11$1.07$1.09$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.21$0.08$2.13$1.21$1.73$0.51
2018Detailed filing. Detailed filing data is available for this year.$2.72$0.08$2.64$1.19$0.80$0.39
2017Detailed filing. Detailed filing data is available for this year.$2.39$0.15$2.25$0.43$0.41$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.66$0.44$2.22$0.46$0.00$0.46
2015Detailed filing. Detailed filing data is available for this year.$2.96$1.20$1.76$0.46$0.00$0.46
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.26$1.96$1.31$0.46$0.00$0.46
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.59$2.74$0.85$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.92$3.53$0.39$0.00
2011Summary only. Only limited summary data is available for this year.$4.16$4.24$0.08$0.43$0.00$0.43
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.39$4.91$0.52$0.00