Nsu Facilities Corporation
- Assets
- $43.0m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Thibodaux, LA
- Founding
- 06/2006
- Data as of
- 06/2023
- EIN
- 20-2836756
Organization Overview
Nsu Facilities Corporation is located in Thibodaux, LA. The organization was established in 2006. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Nsu Facilities Corporation 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 06/2023, Nsu Facilities Corporation generated $6.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $6.1m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, ASSIST, AND BENEFIT THE MISSION OF NSU THROUGH THE ACQUISITION, CONSTRUCTION, DEVELOPMENT, MANAGEMENT, LEASING AS LESSOR OR LESSEE, MORTGAGING AND/OR CONVEYING STUDENT HOUSING FACILITIES AS WELL AS OTHER BUILDINGS AND IMPROVEMENTS ON THE CAMPUS OF THE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE, ASSIST, AND BENEFIT THE MISSION OF NICHOLLS STATE UNIVERSITY THROUGH THE ACQUISITION, CONSTRUCTION, DEVELOPMENT, MANAGEMENT, LEASING AS LESSOR OR LESSEE, MORTGAGING AND/OR CONVEYING STUDENT HOUSING FACILITIES AS WELL AS OTHER BUILDINGS AND IMPROVEMENTS ON THE CAMPUS OF THE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Kolwe Chairperson | OfficerTrustee | 1 | $0 |
Henry J Lafont Jr Vice-Chairperson | OfficerTrustee | 1 | $0 |
Jerry Ledet Secretary/treasurer | OfficerTrustee | 1 | $0 |
Michele Caruso Board Member | Trustee | 1 | $0 |
Terry P Braud Jr Board Member | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,772,465 |
| Investment income | $333,485 |
| 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 | $6,105,950 |
| 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 | $19,835 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,000 |
| Fees for services: Other | $0 |
| 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 | $2,319,668 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,603,363 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,116,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,158,659 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,424 |
| 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 | $32,768,157 |
| Investments—publicly traded securities | $4,566,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $447,773 |
| Total assets | $42,976,013 |
| Accounts payable and accrued expenses | $262,077 |
| Grants payable | $0 |
| Deferred revenue | $4,672,917 |
| Tax-exempt bond liabilities | $41,955,635 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,686,812 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $116,991 |
| Total liabilities | $52,694,432 |
| Net assets without donor restrictions | -$9,718,419 |
| 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 | $42,976,013 |