University Of Louisiana Monroe Facilities Inc

Organization Overview

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 06/2024, University Of Louisiana Monroe Facilities Inc generated $12.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $15.8m during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

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. THIS PROJECT WAS COMPLETED IN AUGUST OF 2022 AND THE FACILITIES WERE PLACED INTO SERVICE. 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. DURING THE YEAR ENDED JUNE 30, 2023, THE ORGANIZATION ENTERED INTO A GROUND AND FACILITIES LEASE AGREEMENT WITH THE BOARD, ON BEHALF OF ULM, FOR THE PURPOSE OF DEVELOPING, DESIGNING, CONSTRUCTING, AND EQUIPPING THE SOFTBALL STUDENT ATHLETE LEADERSHIP CENTER. IN CONNECTION WITH THE SOFTBALL PROJECT, THE ORGANIZATION CONTRACTED WITH VARIOUS PROFESSIONALS REQUIRED TO COMPLETE THE PROJECT. OWNERSHIP OF THE FACILITY WAS TRANSFERRED TO ULM DURING THE YEAR ENDED JUNE 30, 2023. DURING THE YEAR ENDED JUNE 30, 2023, THE ORGANIZATION ENTERED INTO A GROUND AND FACILITIES LEASE AGREEMENT WITH THE BOARD, ON BEHALF OF ULM, FOR THE PURPOSE OF CONSTRUCTING DRAINAGE AND INSTALLING AN ARTIFICIAL TURF FIELD ON THE ULM CAMPUS FOR THE ULM SOFTBALL TEAM. DURING THE YEAR ENDED JUNE 30, 2023, THE ORGANIZATION ENTERED INTO A GROUND AND FACILITIES LEASE AGREEMENT WITH THE BOARD, ON BEHALF OF ULM, FOR THE PURPOSE OF CONSTRUCTING DRAINAGE AND INSTALLING AN ARTIFICIAL TURF FIELD AT MALONE STADIUM ON THE ULM CAMPUS. DURING THE YEAR ENDED JUNE 30, 2023, THE ORGANIZATION ENTERED INTO A GROUND AND FACILITIES LEASE AGREEMENT WITH THE BOARD, ON BEHALF OF ULM, FOR THE PURPOSE OF CONSTRUCTING A SHORT GAME PRACTICE FACILITY AT THE WALLY JONES GOLF COMPLEX ON THE ULM CAMPUS.


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Board, Officers & Key Employees

Name (title)Compensation
Dan Robertson
President
$0
L J Holland
Vice Preside
$0
Chris Ringo
Director
$0
Todd Little
Director
$0
William T Graves
Director
$0
Kristi Davis
Exec Dir
$0

Financial Statements

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$1,230,641
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,230,641
Total Program Service Revenue$10,742,980
Investment income $315,713
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 $12,289,334

Peer Organizations

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North Texas Higher Education Authority Inc
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University Of Louisiana Monroe Facilities Inc
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$12,289,334
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