Central State University Foundation
- Assets
- $18.6m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 1
- Location
- Dayton, OH
- Founding
- 11/1987
- Data as of
- 06/2021
- EIN
- 31-0749885
Organization Overview
Central State University Foundation is located in Dayton, OH. The organization was established in 1987. According to its NTEE Classification (B43) the organization is classified as: Universities, 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. Central State University Foundation 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 06/2021, Central State University Foundation generated $4.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $3.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE EDUCATIONAL UNDERTAKINGS OF CENTRAL STATE UNIVERSITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL OF STUDENT ACCOMODATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Derek Anderson Trustee | Trustee | 2 | $0 |
Kimberly Brooks Vice-President | OfficerTrustee | 2 | $0 |
Alvin Tucker Treasurer | OfficerTrustee | 2 | $0 |
Sidney Evans Trustee | Trustee | 2 | $0 |
Vernon Ford Secretary | OfficerTrustee | 2 | $0 |
Dr Deborah Perkins President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $502,434 |
| Investment income | $827,001 |
| 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 | $4,308,738 |
| Statement of Expenses | |
|---|---|
| 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. | $92,456 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $11,690 |
| Other employee benefits | $17,185 |
| Payroll taxes | $10,790 |
| Fees for services: Management | $183,197 |
| Fees for services: Legal | $42,831 |
| Fees for services: Accounting | $33,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $37,333 |
| Fees for services: Investment Management | $26,376 |
| Fees for services: Other | $5,650 |
| Advertising and promotion | $65,598 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,379,715 |
| Travel | $450 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,822 |
| Interest | $594,796 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $517,514 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,148,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,327,085 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $283,800 |
| 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 | $6,892 |
| Investments—publicly traded securities | $4,061,687 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,487,602 |
| Total assets | $18,617,236 |
| Accounts payable and accrued expenses | $323,701 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $10,440,779 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $657,009 |
| Total liabilities | $11,421,489 |
| Net assets without donor restrictions | -$269,656 |
| Net assets with donor restrictions | $7,465,403 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $7,195,747 |