Presbyterian College Real Estate Foundation
- Assets
- $58.6m
- Revenue
- $783.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Clinton, SC
- Founding
- 12/1995
- Data as of
- 06/2021
- EIN
- 57-1021641
Organization Overview
Presbyterian College Real Estate Foundation is located in Clinton, SC. The organization was established in 1995. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, 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. Presbyterian College Real Estate 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, Presbyterian College Real Estate Foundation generated $783.3k in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESBYTERIAN COLLEGE REAL ESTATE FOUNDATION EXISTS TO BENEFIT PRESBYTERIAN COLLEGE WHICH PROVIDES UNDERGRADUATE EDUCATION TO 1,000 FULL-TIME EQUIVALENT UNDERGRADUATE STUDENTS AND 250 GRADUATE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Staton President | Officer | 1 | $0 |
Matthew Vandenberg President | Officer | 1 | $0 |
Jeff Scaccia Secretary/treasurer | Officer | 1 | $0 |
David Parker Chair | Trustee | 1 | $0 |
John Inman Board Member | Trustee | 1 | $0 |
G Weston Nalley Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brailsford Dunlavey Inc Advisory Services | 6/29/21 | $291,078 |
Hg Reynolds Company Inc Gen. Cntrc. Services | 6/29/21 | $145,005 |
Unified Technology System It Consulting | 6/29/21 | $197,396 |
Neely's Windows Doors And More Ll Gen. Cntrc. Services | 6/29/21 | $141,330 |
Hogan Construction Group Of Sc Llc Gen. Cntrc. Services | 6/29/21 | $683,948 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,000 |
| Investment income | $6,329 |
| 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 | $783,329 |
| 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 | $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 | $1,353,246 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,600,459 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,962,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $629,020 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $112,403 |
| Total assets | $58,616,253 |
| Accounts payable and accrued expenses | $738,162 |
| 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 | $57,866,659 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $58,604,821 |
| Net assets without donor restrictions | $0 |
| 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 | $11,432 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Voorhees College Denmark, SC | $34,849,156 | $40,025,778 |
Brewton Parker College Inc Mount Vernon, GA | $26,983,767 | $18,922,646 |
Bennett College Greensboro, NC | $45,162,174 | $40,377,386 |
Morris College Sumter, SC | $47,268,567 | $16,212,901 |
Paine College Augusta, GA | $39,651,651 | $10,570,569 |
Clayton State University Foundation Inc Morrow, GA | $97,218,630 | $15,697,742 |
Columbus State University Foundation Inc Columbus, GA | $135,224,676 | $13,332,092 |
Mid-Atlantic Christian University Inc Elizabeth City, NC | $5,620,599 | $7,848,028 |
Beulah Heights University Incorporated Atlanta, GA | $4,161,246 | $5,943,784 |
Valdosta State University Foundation Inc Valdosta, GA | $81,061,715 | $11,895,592 |
Middle Georgia State University Foundation Inc Macon, GA | $19,210,932 | $2,564,989 |
Imperial College Foundation Inc Atlanta, GA | $105,086 | $1,182,645 |