Overview
What is Academic Assets Inc?
Academic Assets Inc, situated in Philadelphia, Pennsylvania, serves as a holding company for Academic Properties Inc. Their primary mission is to enhance the strategic value of Drexel University's real estate holdings, focusing on meeting the needs of the university community. They accomplish this by acquiring and improving properties of significant importance to Drexel's future growth. These properties include student housing, classrooms, and office spaces, contributing to the overall development of the university. In essence, Academic Assets Inc plays a pivotal role in supporting and strengthening Drexel University's campus infrastructure.
Is Academic Assets Inc legitimate?
Academic Assets Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Academic Assets 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Academic Assets Inc?
Academic Assets Inc, as a holding company for Academic Properties Inc., aims to maximize the strategic value of Drexel University's real estate holdings. Their primary goal is to improve and acquire properties that are crucial for the university's future growth. This is achieved by investing in Academic Properties Inc., which provides student housing, classroom, and office spaces for Drexel University, with a focus on serving the university community.
Who is the CEO of Academic Assets Inc?
Helen Y Bowman is the Chairman Of The Board of Academic Assets Inc.
What is the revenue of Academic Assets Inc?
Academic Assets Inc's revenue in 2022 was $11,828.
Who are the executives of Academic Assets Inc and what are their salaries?
Here are 5 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: $228,529
- Other: $19,728
- Compensation: $0
- Related: $162,792
- Other: $24,619
- Compensation: $0
- Related: $316,437
- Other: $25,493
Where can I find the form 990 for Academic Assets Inc?
Academic Assets Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Academic Assets Inc
Academic Assets Inc, as a holding company for Academic Properties Inc., is dedicated to maximizing the strategic value of Drexel University's real estate holdings. Their mission is to acquire and improve properties of significant importance to the university's future growth. By investing in Academic Properties Inc., which provides student housing, classrooms, and office space for Drexel University, Academic Assets Inc. aims to serve the university community to the fullest extent. Their goal is to ensure that Drexel University's real estate holdings are utilized in a manner that aligns with its strategic objectives.
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Impact
October, 2024
Academic Assets Inc significantly impacts the academic environment and infrastructure of Drexel University by strategically acquiring and enhancing properties essential for the institution's growth. By investing in academic properties, it ensures quality student housing, classrooms, and office spaces that contribute to a conducive learning atmosphere.
Located in Philadelphia, the organization focuses on maximizing the real estate holdings of Drexel University to their fullest potential, thereby directly supporting the university's mission and the educational experience of its community. This alignment not only aids in physical expansion but also in fostering a thriving educational environment that benefits students, faculty, and administrative operations. Through its strategic initiatives, Academic Assets Inc enhances Drexel University’s capacity to serve its community effectively, ultimately fostering a vibrant academic hub in the region.
This information is meant to be a general summary of Academic Assets 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: $11,828
- Gross Receipts: $11,828
Assets and Liabilities:
- Total Assets: $28,316,826
- Total Liabilities: $0
- Net Assets: $28,316,826
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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: B90 - Education
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