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Nsu Facilities Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 202836756 ✦ Thibodaux, LA ✦ Designated as a 501(c)(3)

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Overview

What is Nsu Facilities Corporation?

Nsu Facilities Corporation is a nonprofit organization situated in Thibodaux, Louisiana, with a postal address at 101 St Louis St, LA 70301. Its primary objective is to support and contribute to the mission of Nicholls State University (NSU) by managing and developing student housing facilities, as well as other campus buildings and improvements. This includes the acquisition, construction, leasing, and mortgaging of these facilities, with the ultimate goal of benefiting NSU and its students.

Is Nsu Facilities Corporation legitimate?

Nsu Facilities Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nsu Facilities Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Nsu Facilities Corporation?

The Nsu Facilities Corporation is dedicated to supporting the mission of its affiliated university by proactively acquiring, constructing, developing, managing, and leasing student housing facilities and other campus buildings. Their primary objective is to contribute to the university's mission in various ways, including through leasing arrangements, mortgaging, and property conveyance. The corporation's activities aim to enhance the overall university environment and provide necessary facilities for its students.

Who is the CEO of Nsu Facilities Corporation?

Joseph Kolwe is the Chairperson of Nsu Facilities Corporation.

What is the revenue of Nsu Facilities Corporation?

Nsu Facilities Corporation's revenue in 2023 was $6,105,950.

Who are the executives of Nsu Facilities Corporation and what are their salaries?


Here are 5 key members and their salaries:


Joseph Kolwe (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Henry J Lafont Jr (Vice-Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Ledet (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michele Caruso (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry P Braud Jr (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Nsu Facilities Corporation?

Nsu Facilities Corporation's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Nsu Facilities Corporation

Nsu Facilities Corporation, in its mission, seeks to bolster and support the objectives of Nicholls State University. It accomplishes this by engaging in various activities, such as acquiring, constructing, developing, managing, leasing, mortgaging, and conveying student housing facilities, as well as other buildings and improvements, on the university's campus. In essence, the corporation's primary aim is to contribute to the betterment of Nicholls State University by playing a vital role in the provision of necessary facilities and infrastructure.

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Impact




October, 2024

Nsu Facilities Corporation plays a crucial role in enhancing the infrastructure and overall environment of Nicholls State University (NSU). By focusing on the acquisition, construction, and development of student housing and other campus facilities, it directly contributes to the university's mission, creating a supportive and enriching environment for students.

The management and leasing of these facilities ensure that students have access to quality living arrangements, which is essential for their academic success and overall well-being. Additionally, Nsu Facilities Corporation's activities help in developing other buildings and improvements on campus, promoting a vibrant and dynamic educational atmosphere.

In summary, Nsu Facilities Corporation significantly impacts the NSU community by ensuring that students have the appropriate resources and facilities necessary for their educational journey, ultimately supporting the university's mission to provide quality education.




This information is meant to be a general summary of Nsu Facilities Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$6,105,950 (2023)
Expenses
$6,116,506 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $333,485
  • Program Service Revenue: $5,772,465
  • Gross Receipts: $6,105,950

Assets and Liabilities:

  • Total Assets: $42,976,013
  • Total Liabilities: $52,694,432
  • Net Assets: -$9,718,419

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Lease Income

Revenue

$5,772,465

Organization Details

Founding Year

2002

Principal Officer

Joseph Kolwe

Main Address

101 St Louis St, Thibodaux, LA, 70301

NTEE Category

Code: B114 - Education

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