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Presbyterian College Real Estate Foundation

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

EIN: 571021641 ✦ Clinton, SC ✦ Designated as a 501(c)(3)

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Overview

What is Presbyterian College Real Estate Foundation?

The Presbyterian College Real Estate Foundation is a nonprofit organization situated in Clinton, South Carolina, specifically at 503 S Broad Street. Its primary mission is to support Presbyterian College, an educational institution that offers undergraduate studies to around 900 full-time equivalent undergraduate students and 250 graduate students. To aid the college in its growth plans, the foundation acquires certain assets and obligations of the college and executes a construction and renovation plan developed by the college. The foundation's activities are yet to be detailed in the provided information.


Official website here: www.presby.edu

Is Presbyterian College Real Estate Foundation legitimate?

Presbyterian College Real Estate Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Presbyterian College Real Estate Foundation 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


Official website here: www.presby.edu

What is the mission statement of Presbyterian College Real Estate Foundation?

The Presbyterian College Real Estate Foundation's mission is to support the growth of Presbyterian College by acquiring specific assets and obligations, and executing a construction and renovation plan that the college has developed for its expansion. This foundation aims to assist the college in its planned growth, benefiting the approximately 900 full-time equivalent undergraduate students and 250 graduate students at Presbyterian College.


Official website here: www.presby.edu

Who is the CEO of Presbyterian College Real Estate Foundation?

Matthew Vandenberg is the President of Presbyterian College Real Estate Foundation.


Official website here: www.presby.edu

What is the revenue of Presbyterian College Real Estate Foundation?

Presbyterian College Real Estate Foundation's revenue in 2022 was $2,962,600.


Official website here: www.presby.edu

Who are the executives of Presbyterian College Real Estate Foundation and what are their salaries?

There 7 volunteers at Presbyterian College Real Estate Foundation.


Here are 9 key members and their salaries:


Matthew Vandenberg (President)
  • Compensation: $0
  • Related: $266,222
  • Other: $55,745
Jeff Scaccia (Secretary/Treasurer)
  • Compensation: $0
  • Related: $180,138
  • Other: $30,161
David Parker (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Inman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
E G Lassiter (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tommy Lawson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wes Nalley (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stan Reid (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ruth Roper (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.presby.edu

Where can I find the form 990 for Presbyterian College Real Estate Foundation?

Presbyterian College Real Estate Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.presby.edu

Learn more at the official website: www.presby.edu

Mission Statement of Presbyterian College Real Estate Foundation

The Presbyterian College Real Estate Foundation's mission is centered around supporting Presbyterian College, an educational institution that offers undergraduate education to around 900 full-time equivalent undergraduate students and 250 graduate students. The foundation's primary role is to aid the college in its planned growth by acquiring certain assets and obligations, as well as executing a construction and renovation plan that the college has developed. This mission is aimed at assisting Presbyterian College in its expansion, thereby contributing to its overall development and growth. The foundation's activities serve to benefit the college directly, contributing to its continued success and the educational opportunities it provides for its students.

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Impact




October, 2024

The Presbyterian College Real Estate Foundation plays a crucial role in supporting the growth and development of Presbyterian College, which serves around 900 undergraduate and 250 graduate students. By acquiring assets and obligations of the college, the Foundation facilitates the execution of strategic construction and renovation plans. This support not only enhances the physical campus environment but also contributes to the institution’s ability to provide quality education and a vibrant community for its students. The Foundation's efforts are aligned with the college’s mission of fostering academic excellence and facilitating a model of sustainable growth.




This information is meant to be a general summary of Presbyterian College Real Estate Foundation. 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
$2,962,600 (2022)
Expenses
$3,678,995 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $1,962,600
  • Gross Receipts: $2,962,600

Assets and Liabilities:

  • Total Assets: $56,659,898
  • Total Liabilities: $57,376,996
  • Net Assets: -$717,098

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Programs

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

LEASE INCOME FROM PC

Revenue

$1,962,600

Organization Details

Founding Year

1994

Principal Officer

Matthew Vandenberg

Main Address

503 S Broad Street, CLINTON, SC, 29325

NTEE Category

Code: B42I - Education

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