The University Financing Foundation Inc
- Assets
- $721.2m
- Revenue
- $88.5m
- Investments
- $83.7m
- Employees
- 0
- Location
- Marietta, GA
- Founding
- 12/1987
- Data as of
- 12/2020
- EIN
- 58-1505902
Organization Overview
The University Financing Foundation Inc is located in Marietta, GA. The organization was established in 1987. According to its NTEE Classification (W22) the organization is classified as: Public Finance, Taxation & Monetary Policy, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Financing 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.
For the year ending 12/2020, University Financing Foundation Inc generated $88.5m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 29.2% each year . All expenses for the organization totaled $52.4m during the year ending 12/2020. While expenses have increased by 12.0% per year over the past 3 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.
Since 2019, University Financing Foundation Inc has awarded 200 individual grants totaling $8,492,438. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION FINANCES AND ACQUIRES CHARITABLE AND EDUCATIONAL FACILITIES AND EQUIPMENT FOR THE BENEFIT OF TAX-EXEMPT SCHOOLS, COLLEGES, AND UNIVERSITIES AND OTHER TAX-EXEMPT EDUCATIONAL AND RESEARCH ORGANIZATIONS; AND, CONSISTENT WITH ITS EXEMPT CHARITABLE PURPOSES AND FUNCTIONS, THE FOUNDATION MAKES THE FACILITIES AND EQUIPMENT AVAILABLE TO SUCH TAX-EXEMPT ORGANIZATIONS AT RENTAL OR INTEREST RATES BELOW COST OF MARKET RATES FOR COMPARABLE FACILITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin T Byrne Pres, Ceo, Coo, Asst Treas, Asst Sec | 40 | $995,000 | |
Victor R Clements Senior Vice President - Administration | 40 | $395,000 | |
Jordan Peterson Vice President - Real Estate | 40 | $320,000 | |
Lisa A Beall Controller, Asst Treas | 40 | $222,500 | |
Thomas H Hall III Director, Assistant Secretary | 5.5 | $81,748 | |
Anne M Tomsky Assistant Vice President | 40 | $155,469 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Windham Brannon Pc | 12/30/21 | $227,973 |
Blue Sky Property Management Llc | 12/30/21 | $445,487 |
Ennead Architects Llp | 12/30/21 | $1,281,895 |
Collaborative Real Estate Llc | 12/30/21 | $1,124,849 |
Lehrer Cumming | 12/30/21 | $469,557 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25,780 |
| Dividends & Interest | $1,135,516 |
| Net Rental Income | $2,039,063 |
| Net Gain on Sale of Assets | $44,216,669 |
| Capital Gain Net Income | $15,585,768 |
| Net ST Capital Gain | $0 |
| Income Modifications | $1,890,148 |
| Profit on Inventory Sales | $0 |
| Other Income | $23,529,985 |
| Total Revenue | $88,509,348 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,742,571 |
| Other employee salaries and wages | $714,505 |
| Pension plans, employee benefits | $1,298,309 |
| Interest | $19,350,730 |
| Taxes | $3,238,101 |
| Depreciation | $5,753,916 |
| Occupancy | $5,040,913 |
| Travel, conferences, and meetings | $90,425 |
| Printing and publications | $1,572 |
| Other expenses | $5,235,440 |
| Total operating and administrative expenses | $46,928,639 |
| Contributions, gifts, grants paid | $5,475,294 |
| Total expenses and disbursements | $52,403,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $99,770,710 |
| Net Accounts receivable | $606,333 |
| 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 | $1,553,379 |
| Net Investments - land, buildings, equipment | $2,002,274 |
| Investments—mortgage loans | $0 |
| Investments—other | $17,750,123 |
| Net Land, buildings, and equipment | $293,631,017 |
| Other assets | $239,929,982 |
| Total assets | $721,231,640 |
| Accounts payable and accrued expenses | $15,036,100 |
| Grants payable | $386,800 |
| Deferred revenue | $14,867,471 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $581,681,628 |
| Total liabilities | $611,971,999 |
Grants Awarded
Over the last fiscal year, The University Financing Foundation Inc has awarded $367,072 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: GENERAL SUPPORT | $75,000 |
UNIVERSITY SYSTEM OF GA FOUNDATION INC PURPOSE: SPONSORSHIP | $75,000 |
GEORGIA TECH FOUNDATION INC PURPOSE: GENERAL SUPPORT | $60,000 |
Atlanta, GA PURPOSE: GENERAL SUPPORT | $20,000 |
Orlando, FL PURPOSE: SPONSORSHIP | $17,000 |
ASSOCIATION OF UNIVERSITY RESEARCH PARKS PURPOSE: SPONSORSHIP | $16,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The University Financing Foundation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Financing Foundation Inc Marietta, GA | $721,231,640 | $88,509,348 |
Institute For Professionals In Taxation Atlanta, GA | $10,421,871 | $4,118,072 |
North Augusta Public Facilities Corporation North Augusta, SC | $72,500,042 | $3,549,611 |
Alabama Arise Montgomery, AL | $1,211,142 | $1,025,303 |
Southern Federal Tax Institute Inc Decatur, GA | $1,985,748 | $767,280 |
Alabama Alliance Network Birmingham, AL | $203,591 | $273,030 |
Southeastern Association Of Tax Administrators Garner, NC | $531,418 | $318,828 |
City Of Anderson Public Facilities Corporation Anderson, SC | $9,361,732 | $79 |
North Carolina Government Finance Officers Association Raleigh, NC | $622,376 | $381,391 |
Southern Finance Association Jacksonville, AL | $1,365,946 | $150,822 |
Lake City Healthcare Foundation Lake City, SC | $751,494 | $59,424 |
American Institute On Federal Taxation Montgomery, AL | $0 | $0 |