Coker College Properties
- Assets
- $10.6m
- Revenue
- $303.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Hartsville, SC
- Founding
- 07/2014
- Data as of
- 06/2018
- EIN
- 46-1912064
Organization Overview
Coker College Properties is located in Hartsville, SC. The organization was established in 2014. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coker College Properties 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 06/2018, Coker College Properties generated $303.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $556.5k during the year ending 06/2018. While expenses have increased by 4.7% per year over the past 4 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
COKER COLLEGE PROPERTIES SOLE PURPOSE IS TO SUPPORT THE MISSION OF COKER COLLEGE, BY PROVIDING ACCESS TO ADDITIONAL FACILITIES FOR COLLEGE USE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COKER COLLEGE PROPERTIES SOLE PURPOSE IS TO SUPPORT THE MISSION OF COKER COLLEGE, BY PROVIDING ACCESS TO ADDITIONAL FACILITIES FOR COLLEGE USE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Anthony Floyd Director | Trustee | 2 | $0 |
Charles Sullivan Director | Trustee | 2 | $0 |
Edgar Lawton Director | Trustee | 2 | $0 |
R Howard Coker Director | Trustee | 2 | $0 |
Charles J Hupfer Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| 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 | $303,099 |
| 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. | $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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $33,804 |
| 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 | $300,850 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $221,887 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $556,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,115 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $100,665 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$79,821 |
| Total assets | $10,600,591 |
| Accounts payable and accrued expenses | $83,115 |
| 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 | $10,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,083,115 |
| Net assets without donor restrictions | $517,476 |
| 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 |
| Total liabilities and net assets/fund balances | $517,476 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Retirement Ministries Of Alamance County North Carolina Burlington, NC | $194,352,583 | $40,219,787 |
Cahec Management Inc Raleigh, NC | $9,947,968 | $10,365,211 |
Vsu Auxiliary Services Real Estatefoundation Inc Valdosta, GA | $163,910,452 | $6,694,353 |
Aldersgate Life Plan Services Inc Charlotte, NC | $512,670 | $138,330 |
230 John Wesley Dobbs Boulevard Ventures Inc Atlanta, GA | $13,295,834 | $2,161,354 |
Baptist Retirement Homes Foundation Winston Salem, NC | $47,968,572 | $2,829,285 |
Early Learning Property Management Inc Atlanta, GA | $26,441,881 | $2,751,537 |
Deerfield Charitable Foundation Asheville, NC | $16,996,116 | $890,781 |
Coker College Properties Hartsville, SC | $10,600,591 | $303,099 |
Dreamkey Partners Mortgage Inc Charlotte, NC | $903,648 | $610,219 |
Penick Village Foundation Inc Southern Pines, NC | $2,472,410 | $528,200 |
Washington Housing Nonprofit Inc Marc A Recko Washington, NC | $2,411,559 | $345,174 |