Foundation Properties Inc

Organization Overview

Foundation Properties Inc is located in Columbus, GA. The organization was established in 1999. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Foundation Properties 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 07/2020, Foundation Properties Inc generated $6.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $8.5m during the year ending 07/2020. While expenses have increased by 10.6% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE PRINCIPLE PURPOSE OF FOUNDATION PROPERTIES, INC. SHALL BE TO PROMOTE THE CAUSE OF HIGHER EDUCATION AT COLUMBUS STATE UNIVERSITY, A UNIT OF THE UNIVERSITY SYSTEM OF GEORGIA LOCATED IN COLUMBUS, GA, SPECIFICALLY THROUGH THE MANAGEMENT OF REAL PROPERTY AFFILIATED WITH THE UNIVERSITY, HOLDING REAL PROPERTY FOR FUTURE DEVELOPMENT BY THE UNIVERSITY AND HOLDING INVESTMENT PROPERTY FOR THE BENEFIT OF THE UNIVERSITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HOLDING, MANAGEMENT AND CONTRIBUTION OF REAL PROPERTY IN SUPPORT OF COLUMBUS STATE UNIVERSITY.


MISCELLANEOUS INCOME PRIMARILY CONSISTING OF PARKING FEES AND APPLICATION FEES FOR STUDENT HOUSING.


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Board, Officers & Key Employees

Name (title)Compensation
Todd Schuster
Vice Chair
$0
Rick Gordy
Treasurer
$0
Ron Thomas
Secretary
$0
Wade Buford
Trustee
$0
Chris Shadburn
Trustee
$0
Bill Reaves
Trustee
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$1,109,257
Investment income $155,992
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$100,179
Net Gain/Loss on Asset Sales -$2,694
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,742,153

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