Community Facility Public Private Partnerships
- Assets
- $368.6m
- Revenue
- $27.5m
- Investments
- $88.0m
- Employees
- 0
- Location
- Minnetonka, MN
- Founding
- 07/2007
- Data as of
- 12/2023
- EIN
- 20-5591574
Organization Overview
Community Facility Public Private Partnerships is located in Minnetonka, MN. The organization was established in 2007. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Facility Public Private Partnerships 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 12/2023, Community Facility Public Private Partnerships generated $27.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 56.0% each year . All expenses for the organization totaled $16.1m during the year ending 12/2023. While expenses have increased by 40.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY FACILITY PUBLIC PRIVATE PARTNERSHIPS (CFP) IS A NON-PROFIT, TAX-EXEMPT ORGANIZATION CREATED TO PARTNER WITH GOVERNMENT AND OTHER TAX-EXEMPT GROUPS TO MAKE THE DEVELOPMENT, FUNDING AND OPERATION OF PUBLIC AND COMMUNITY FACILITIES EASIER AND MORE SUCCESSFUL. THE CORPORATION IS THE SOLE MEMBER OF THE FOLLOWING SINGLE MEMBER LIMITED LIABILITY COMPANIES FORMED TO SERVE THE CORPORATION'S CHARITABLE PURPOSES: CFP MICHIGAN, LLC; CFP MICHIGAN II, LLC; CFP TAYLOR GOVERNMENTAL CENTER LLC; CFP BOYNTON BEACH TOWN SQUARE LLC; CFP RIVERSIDE LLC; EMU CAMPUS LIVING, LLC, AND CFP3 CHAMBERS COUNTY JUSTICE CENTER, LLC. DURING 2023, CONSTRUCTION FOR THE EMU CAMPUS LIVING HOUSING SYSTEM CONTINUED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Collins President | 40 | $186,368 | |
Tom Anderson Chairperson | 6 | $12,000 | |
Michael Langley Secretary | 6 | $12,000 | |
Paul Abzug Treasurer | 6 | $12,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Emu Dev Co Llc | 12/30/23 | $101,658,137 |
Eastern Michigan University | 12/30/23 | $4,231,797 |
Gilbane Development Company | 12/30/23 | $1,510,087 |
Emu Pm Co Llc | 12/30/23 | $504,357 |
Moody's Investors Services Inc | 12/30/23 | $195,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $218,586 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $27,248,953 |
| Total Revenue | $27,467,539 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $222,368 |
| Other employee salaries and wages | $1,351,108 |
| Pension plans, employee benefits | $0 |
| Interest | $5,963,145 |
| Taxes | $12,712 |
| Depreciation | $134,340 |
| Occupancy | $1,685,126 |
| Travel, conferences, and meetings | $37,840 |
| Printing and publications | $0 |
| Other expenses | $1,298,214 |
| Total operating and administrative expenses | $16,075,275 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $16,075,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,361,552 |
| Net Accounts receivable | $5,291,701 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,806,379 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $150,215,545 |
| Other assets | $121,962,786 |
| Total assets | $368,597,990 |
| Accounts payable and accrued expenses | $11,061,821 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $986,268 |
| Other liabilities | $341,822,864 |
| Total liabilities | $353,870,953 |