Overview
What is Academic Properties Inc?
Academic Properties Inc is a vital organization that plays a significant role in Drexel University's growth. Their primary function involves acquiring and enhancing properties of strategic significance, ensuring the university's future expansion. They prioritize maximizing the potential of Drexel University's real estate holdings, primarily focusing on meeting the needs of the university community. This includes providing classroom and office spaces for Drexel University, as well as offering housing options for its students. By fulfilling these roles, Academic Properties Inc significantly contributes to the university's environment and overall development.
Is Academic Properties Inc legitimate?
Academic Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Academic Properties Inc 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: $90,748
Professional Fundraising Fees: $0
Other Salaries and Wages: $303,109
For more financial information, click here
What is the mission statement of Academic Properties Inc?
Academic Properties Inc's mission is centered around maximizing the strategic value of Drexel University's real estate holdings. Their primary focus is on acquiring and enhancing properties that are crucial for the university's future growth. They prioritize serving the university community by renting out classroom and office spaces to Drexel University and providing housing for its students. Their activities aim to support the university's growth and development by leveraging their real estate holdings effectively.
Who is the CEO of Academic Properties Inc?
Helen Y Bowman is the Chairman Of The Board of Academic Properties Inc.
What is the revenue of Academic Properties Inc?
Academic Properties Inc's revenue in 2022 was $8,151,800.
Who are the executives of Academic Properties Inc and what are their salaries?
The average compensation at Academic Properties Inc during 2022 was $35,805. There are 11 employees at Academic Properties Inc.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $2,584,592
- Other: $181,085
- Compensation: $0
- Related: $854,055
- Other: $109,427
- Compensation: $0
- Related: $367,194
- Other: $30,051
- Compensation: $148,173
- Related: $0
- Other: $22,268
- Compensation: $0
- Related: $162,792
- Other: $24,619
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $316,437
- Other: $25,493
Where can I find the form 990 for Academic Properties Inc?
Academic Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Academic Properties Inc
Academic Properties Inc, a crucial entity, is dedicated to maximizing the strategic value of Drexel University's real estate holdings. The organization's primary mission is to acquire and improve properties that are integral to the future growth of Drexel University. This mission is carried out with a strong focus on serving the university community. One of the ways Academic Properties Inc achieves this is by renting out classroom and office spaces to Drexel University, thereby contributing to its academic and administrative activities. Additionally, the organization provides housing for the university's students, ensuring a comfortable and convenient living environment for the student body. By fulfilling these roles, Academic Properties Inc plays a significant part in supporting the growth and development of Drexel University.
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Impact
October, 2024
Academic Properties Inc significantly contributes to the growth and development of Drexel University by acquiring and enhancing properties that are strategically important for the institution's future. By focusing on maximizing the university's real estate holdings, the organization plays a crucial role in ensuring that Drexel can meet the evolving needs of its community.
One of the key impacts of Academic Properties is its commitment to providing essential facilities for both academic and residential purposes. This includes renting classroom and office space, which facilitates high-quality education and collaborative environments for students and faculty. Additionally, the provision of housing for students addresses a critical need, helping to foster a vibrant campus life.
Located in Philadelphia, the organization not only enhances the university’s infrastructure but also supports the broader community by reinforcing Drexel's position as a vital part of the local economic landscape. Through its strategic initiatives and focus on the university's needs, Academic Properties Inc is instrumental in shaping a conducive environment for learning, research, and student engagement, ultimately contributing to the long-term success of Drexel University and its community.
This information is meant to be a general summary of Academic Properties Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4,247
- Program Service Revenue: $6,197,954
- Gross Receipts: $9,320,520
Assets and Liabilities:
- Total Assets: $29,565,241
- Total Liabilities: $1,278,740
- Net Assets: $28,286,501
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLASSROOM RENTAL
Revenue
$4,704,839
RESIDENTIAL RENTAL
Revenue
$1,493,115
Organization Details
Founding Year
1986
Phone
(215) 662-1500Principal Officer
Helen Y Bowman
Main Address
3201 ARCH STREET 400, PHILADELPHIA, PA, 19104
NTEE Category
Code: L400 - Housing
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