Overview
What is Foundation Properties Inc?
Foundation Properties Inc, based in Columbus, Georgia, serves as a supporting entity for Columbus State University, a part of the University System of Georgia. Their primary mission is to foster higher education by managing real estate affiliated with the university, holding property for future development, and investing in assets to benefit the institution. With a single employee, they contribute to the university's growth and development by managing and contributing to real property. Their work aligns with the pursuit of higher education, ensuring the university's long-term success.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Foundation Properties Inc has received an overall score of 81%, indicating a solid performance in accountability and finance. This rating, derived from the Accountability & Finance beacon, reflects a strong commitment to transparency and effective governance, evidenced by the presence of a fully independent board and robust financial oversight mechanisms.
The organization boasts a perfect score in several key areas, including independent board member representation and financial statements oversight. Additionally, the high program expense ratio suggests that a significant portion of funds is allocated toward its mission-driven activities, which is a positive indicator for donors looking for impactful contributions.
However, there are some limitations noted in the rating. The liabilities to assets ratio at 61.95% raises some concerns about the organization’s financial leverage. While it maintains strong governance practices, the financial health metrics could benefit from further improvement to enhance overall sustainability and confidence among supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation Properties Inc legitimate?
Foundation Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $142,796
For more financial information, click here
What is the mission statement of Foundation Properties Inc?
Foundation Properties Inc's primary mission is to support the advancement of higher education. This is achieved by managing real estate associated with Columbus State University, a constituent of the University System of Georgia. The organization also holds property for future development by the university and manages investment property to benefit the institution as a whole. In essence, Foundation Properties Inc is committed to promoting education at Columbus State University through real estate management and investment.
Who is the CEO of Foundation Properties Inc?
Mitch Watkins is the Trustee of Foundation Properties Inc.
What is the revenue of Foundation Properties Inc?
Foundation Properties Inc's revenue in 2022 was $6,179,282.
Who are the executives of Foundation Properties Inc and what are their salaries?
The average compensation at Foundation Properties Inc during 2022 was $142,796. There is 1 employee and 10 volunteers at Foundation Properties Inc.
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Where can I find the form 990 for Foundation Properties Inc?
Foundation Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Foundation Properties Inc
Foundation Properties Inc, as a nonprofit organization, is dedicated to supporting the cause of higher education. Its primary mission is to promote this objective by managing real estate properties affiliated with Columbus State University, a constituent institution within the University System of Georgia. The organization also holds real estate for potential future development by the university and invests in properties to benefit Columbus State University as a whole. By fulfilling this mission, Foundation Properties Inc plays a significant role in contributing to the advancement of higher education, thereby positively impacting the academic community and the broader society.
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Impact
July, 2024
Foundation Properties Inc's impact is centered on promoting the cause of higher education at Columbus State University in Columbus, Georgia. By managing real property affiliated with the university, holding real property for future development, and maintaining investment property for the university's benefit, Foundation Properties Inc plays a crucial role in supporting the educational mission of Columbus State University. Through its strategic management of real estate assets, Foundation Properties Inc contributes to the growth and development of the university, ultimately enhancing the educational opportunities available to students and the broader community.
This information is meant to be a general summary of Foundation 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: $395,817
- Program Service Revenue: $5,709,911
- Gross Receipts: $7,390,762
Assets and Liabilities:
- Total Assets: $80,383,881
- Total Liabilities: $55,161,012
- Net Assets: $25,222,869
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental of Real Property
Revenue
$5,709,911
Organization Details
Founding Year
1988
Phone
(706) 565-3640Principal Officer
Mitch Watkins
Main Address
4225 University Avenue, Columbus, GA, 319075645
NTEE Category
Code: B124 - Education
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