East Carolina University Real Estate Foundation Inc
- Assets
- $5.7m
- Revenue
- $192.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Greenville, NC
- Founding
- 01/1996
- Data as of
- 06/2022
- EIN
- 56-1929013
Organization Overview
East Carolina University Real Estate Foundation Inc is located in Greenville, NC. The organization was established in 1996. 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. East Carolina University Real Estate Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE EAST CAROLINA UNIVERSITY REAL ESTATE FOUNDATION IS TO OWN, MANAGE, LEASE, AND SELL REAL ESTATE PROPERTY EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES FOR THE BENEFIT OF EAST CAROLINA UNIVERSITY AND EAST CAROLINA UNIVERSITY FOUNDATION, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ECU REAL ESTATE FOUNDATION OWNS, MANAGES, LEASES, AND SELLS REAL ESTATE PROPERTY EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES FOR THE BENEFIT OF EAST CAROLINA UNIVERSITY AND EAST CAROLINA UNIVERSITY FOUNDATION, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Dyba President | OfficerTrustee | 1 | $0 |
Stephanie Coleman Treasurer | OfficerTrustee | 1 | $0 |
Steve R Jones Chair | OfficerTrustee | 1 | $0 |
Scott Diggs Vice Chair | OfficerTrustee | 1 | $0 |
Julian W Rawl Assistant Secretary | OfficerTrustee | 1 | $0 |
Philip Rogers Director | 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 | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $192,099 |
| 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 | $192,099 |
| 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 | $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 | $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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,633 |
| All other expenses | $1,800 |
| Total functional expenses | $5,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,000 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $661,327 |
| 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 | $6,539 |
| Net Land, buildings, and equipment | $3,491,474 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,257,250 |
| Total assets | $5,666,590 |
| Accounts payable and accrued expenses | $6,222 |
| 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 | $1,425,992 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $752,123 |
| Total liabilities | $2,184,337 |
| Net assets without donor restrictions | $2,346,255 |
| Net assets with donor restrictions | $1,135,998 |
| 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 | $5,666,590 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that East Carolina University Real Estate Foundation Inc has recieved totaling $5,947.
| Awarding Organization | Amount |
|---|---|
Johns Hopkins University Baltimore, MD PURPOSE: SUB-AWARD | $5,947 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crown College Powell, TN | $16,563,165 | $8,650,181 |
Appalachian College Of Pharmacy Oakwood, VA | $36,195,397 | $7,728,362 |
Austin Peay State University Foundation Clarksville, TN | $60,731,234 | $13,661,420 |
University Of Tennessee Research Foundation Knoxville, TN | $82,756,683 | $8,787,700 |
School Of Media And Journalism Foundation Of North Carolina Inc Chapel Hill, NC | $50,008,414 | $6,859,944 |
Virginia Commonwealth University Real Estate Foundation Richmond, VA | $95,872,198 | $7,982,693 |
Western Carolina University Foundation Cullowhee, NC | $76,335,154 | $7,286,676 |
Virginia University Of Lynchburg Inc Lynchburg, VA | $13,241,169 | $8,139,477 |
South Carolina Research Foundation Columbia, SC | $3,435,168 | $5,813,160 |
Skema Us Inc Raleigh, NC | $4,455,636 | $4,986,543 |
Radford University Foundation Inc Radford, VA | $119,642,152 | $17,210,656 |
Francis Marion University Education Foundation Florence, SC | $42,548,999 | $7,093,077 |