University Of Louisiana Monroe Facilities Inc is located in Monroe, LA. The organization was established in 2005. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Louisiana Monroe Facilities Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, University Of Louisiana Monroe Facilities Inc generated $15.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $9.6m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE STUDENT HOUSING & OTHER STUDENT FACILITIES FOR THE UNIVERSITY OF LOUISIANA MONROE CAMPUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERSITY OF LOUISIANA MONROE FACILITIES WAS FORMED FOR THE BENEFIT OF THE UNIVERSITY OF LOUISIANA MONROE AND ITS PRINCIPAL PURPOSE IS TO COORDINATE, CONSTRUCT, AND FINANCE THE DEVELOPMENT OF FACILITIES ON THE CAMPUS OF THE UNIVERSITY OF LOUISIANA AT MONROE AND TO OVERSEE THE MANAGEMENT OF SUCH FACILITIES. CERTAIN OPERATIONS ARE REGULATED BY THE BOARD OF SUPERVISORS FOR THE UNIVERSITY OF LOUISIANA SYSTEM, THE LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY, AND REGIONS BANK THROUGH THE PROVISIONS OF A GROUND AND BUILDINGS LEASE AGREEMENT, A FACILITIES LEASE AGREEMENT, A LOAN AND ASSIGNMENT AGREEMENT, AND A TRUST INDENTURE, INCLUDING AMENDMENTS AND SUPPLEMENTS, AS APPLICABLE. THE UNIVERSITY OF LOUISIANA MONROE FACILITIES HAS COMPLETED THE NEW CONSTRUCTION AND/OR RENOVATION OF SOME TEN (10) HOUSING UNITS, STUDENT HEALTH CENTER, STUDENT UNION, THE CLARKE M. WILLIAMS STUDENT SUCCESS CENTER, AND THE INSTALLATION/CONSTRUCTION OF SCOREBOARDS, CHAIR-BACK SEATING, AND DUGOUTS AT VARIOUS ATHLETIC VENUES ON THE CAMPUS OF UNIVERSITY OF LOUISIANA MONROE AND THE INSTALLATION OF TWO ELECTRONIC DISPLAY BOARDS. IN 2014, THE UNIVERSITY OF LOUISIANA MONROE FACILITIES HAS ENTERED INTO AGREEMENTS TO INSTALL NEW ARTIFICIAL TURF AND DRAINAGE SYSTEM FOR MALONE STADIUM; DEVELOPMENT OF A DOPPLER RADAR FACILITY; AND CONSTRUCTION OF THE INTERNATIONAL STUDENT FACILITY. IN 2015, THE UNIVERSITY OF MONROE FACILITIES HAS ENTERED INTO AGREEMENTS WITH THE UNIVERSITY OF LOUISIANA AT MONROE AND THE UNIVERSITY OF LOUISIANA MONROE ATHLETIC FOUNDATION, INC. TO CONSTRUCT THE FIELD HOUSE AT THE UNIVERSITY OF LOUISIANA MONROE MALONE STADIUM. ALSO IN 2015, THE ORGANIZATION HAS ENTERED INTO CONTRACTS FOR THE CONSTRUCTION OF THE DOPPLER RADAR; RENOVATION OF MASUR HALL; AND PAVING OF COMMONS II PARKING LOT; ALL ON THE CAMPUS OF THE UNIVERSITY OF LOUISIANA MONROE. IN 2016, THE ORGANIZATION COMPLETED INSTALLATION OF THE NEW ARTIFICIAL TURF AND DRAINAGE SYSTEM AS WELL AS THE FIELD HOUSE AT THE UNIVERSITY OF LOUISIANA MONROE MALONE STADIUM. IN ADDITION, THE RENOVATION OF MASUR HALL AND THE PAVING OF COMMONS II PARKING LOT WAS COMPLETED IN 2016. THE ORGANIZATION ENTERED INTO A GROUND LEASE AND A FACILITIES LEASE AGREEMENT IN 2016 FOR THE PURPOSE OF DEVELOPING, DESIGNING, RENOVATING AND CONSTRUCTING A STUDENT CENTER ON THE CAMPUS OF THE UNIVERSITY OF LOUISIANA MONROE. IN 2017, THE ORGANIZATION ENTERED INTO A GROUND LEASE AND A FACILITIES LEASE AGREEMENT FOR THE PURPOSE OF ACQUIRING, DESIGNING, DEVELOPING, CONSTRUCTING AND RENOVATING THE RECONSTRUCTION OF BROWN STADIUM AND PARKING ADJACENT THERETO ON THE CAMPUS OF THE UNIVERSITY OF LOUISIANA AT MONROE. DURING THE YEAR ENDED JUNE 30, 2018, THE DOPPLER RADAR AND STUDENT EVENT CENTER WERE COMPLETED. ALSO, DURING THE YEAR ENDED JUNE 30, 2018, THE FACILITIES ENTERED INTO A GROUND AND FACILITIES LEASE AGREEMENT WITH THE BOARD OF SUPERVISORS OF ULM, ON BEHALF OF ULM, FOR THE PURPOSE OF CONSTRUCTING, DESIGNING, TESTING, SURVEYING, AND EQUIPPING AN AREA OF MALONE STADIUM INTO A NEW ATHLETIC TREATMENT FACILITY. THIS NEW ATHLETIC TREATMENT FACILITY WAS COMPLETED DURING THE YEAR ENDED JUNE 30, 2019. ALSO, DURING THE YEAR ENDED JUNE 30, 2019, THE FACILITIES ENTERED INTO A GROUND AND FACILITIES LEASE AGREEMENT WITH THE BOARD OF SUPERVISORS FOR THE UNIVERSITY OF LOUISIANA SYSTEM, ON BEHALF OF ULM, FOR THE PURPOSE OF DEVELOPING AND CONSTRUCTING A GOLF HOUSE AND THE WALLY JONES GOLF COMPLEX. THE RECONSTRUCTION OF BROWN STADIUM AND PARKING ADJACENT THERETO WERE COMPLETED DURING THE YEAR ENDED JUNE 30, 2020. ALSO, DURING THE YEAR ENDED JUNE 30, 2020, THE WALLY JONES GOLF COMPLEX WAS COMPLETED. DURING THE YEAR ENDED JUNE 30, 2021, THE ORGANIZATION ENTERED INTO A GROUND AND FACILITIES LEASE AGREEMENT WITH THE BOARD, ON BEHALF OF ULM, FOR THE PURPOSE OF CONSTRUCTION, DEVELOPING, DESIGNING, CONSTRUCTING, AND EQUIPPING THE NEW STUDENT HUB FACILITY. ON MARCH 1, 2022, THE ORGANIZATION ENTERED INTO A COOPERATIVE ENDEAVOR AGREEMENT WITH ULM AND THE ULM FOUNDATION WHEREBY THE ORGANIZATION WILL FACILITATE AND OVERSEE THE DEVLOPMENT, DESIGN, AND CONSTRUCTON OF A CONSTRUCTION LABORATORY FACILITY ON LAND OWNED BY THE ORGANIZATION AND ADJACENT TO THE ULM SCHOOL OF CONSTRUCTION MANAGEMENT ON THE ULM CAMPUS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Wynn Lawrence Secretary/tr | OfficerTrustee | $0 | |
L J Holland Vice Preside | OfficerTrustee | $0 | |
Dan Robertson President | OfficerTrustee | $0 | |
Kristi Davis Exec Dir | Trustee | $0 | |
Todd Little Director | Trustee | $0 | |
William T Graves Director | Trustee | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $4,733,089 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,733,089 |
Total Program Service Revenue | $10,274,611 |
Investment income | $4,987 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $15,012,687 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $128,584 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $1,280,946 |
Payments to affiliates | $3,319,292 |
Depreciation, depletion, and amortization | $3,040,124 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $9,587,678 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $20,121,117 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $456,878 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $61,462,220 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $82,040,215 |
Accounts payable and accrued expenses | $20,404 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $58,549,187 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $4,050,384 |
Total liabilities | $62,619,975 |
Net assets without donor restrictions | $19,420,240 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $82,040,215 |
Over the last fiscal year, we have identified 4 grants that University Of Louisiana Monroe Facilities Inc has recieved totaling $30,915.
Awarding Organization | Amount |
---|---|
Paul Millsap Foundation Corp Atlanta, GA PURPOSE: FOR TUITION ASSISTANCE | $18,915 |
Nexion Health Foundation Sykesville, MD PURPOSE: DONATION | $5,000 |
Learning By Giving Foundation Inc Boston, MA PURPOSE: GENERAL SUPPORT | $5,000 |
Harper Family Foundation New Orleans, LA PURPOSE: GENERAL DONATION | $2,000 |
Organization Name | Assets | Revenue |
---|---|---|
University Of Louisiana Monroe Facilities Inc Monroe, LA | $82,040,215 | $15,012,687 |
Restore Education San Antonio, TX | $2,530,386 | $5,936,619 |
College Houses Austin, TX | $15,789,327 | $3,775,047 |
Books Between Kids Inc Houston, TX | $1,448,531 | $2,188,217 |
The Arkansas Tech University Facilities Development Foundation Russellville, AR | $53,685 | $105 |
Austin Partners In Education Austin, TX | $1,240,919 | $1,858,475 |
Health Occupations Students Of America Southlake, TX | $3,397,887 | $1,856,291 |
Collegiate Edu-Nation Roscoe, TX | $1,605,609 | $1,649,388 |
Sci-Tech Discovery Center Inc Frisco, TX | $1,024,000 | $1,631,074 |
Communities In Schools Of The Big Country Abilene, TX | $1,261,919 | $2,051,094 |
American Board Of Obgyn Educational Foundation Inc Dallas, TX | $3,548,102 | -$4,008,900 |
Association For Student Conduct Administration College Station, TX | $793,139 | $1,141,547 |