Ccu Student Housing Foundation
- Assets
- $6.2m
- Revenue
- $14.4k
- Investments
- $4.3m
- Employees
- 1
- Location
- Conway, SC
- Founding
- 04/2003
- Data as of
- 06/2022
- EIN
- 22-3858837
Organization Overview
Ccu Student Housing Foundation is located in Conway, SC. The organization was established in 2003. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ccu Student Housing Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Ccu Student Housing Foundation generated $14.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (66.2%) each year. All expenses for the organization totaled $212.0k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF COASTAL CAROLINA UNIVERSITY BY SUPPORTING STUDENT HOUSING AND VARIOUS UNIVERSITY ENDEAVORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTED COASTAL CAROLINA UNIVERSITY BY PURCHASING PROTECTIVE FACE MASKS FOR UNIVERSITY STUDENTS AND STAFF IN RESPONSE TO THE COVID 19 PANDEMIC.
THE FOUNDATION OWNED AND LEASED 46 APARTMENT STYLE BUILDINGS TO PROVIDE HOUSING FOR COASTAL CAROLINA UNIVERSITY STUDENTS. THE ENTIRE PROPERTY WAS SOLD IN 2015 TO COASTAL CAROLINA UNIVERSITY FOR CONTINUING STUDENT HOUSING NEEDS. THE FOUNDATION CONTINUES TO ACTIVELY SUPPORT THE UNIVERSITY'S ENDEAVORS TO BENEFIT ITS STUDENTS.
DURING THE YEAR A PORTION OF ADMINISTRATIVE EXPENSES WERE DEDICATED TO THE PROGRAM SERVICES THAT BENEFIT COASTAL CAROLINA UNIVERSITY
IN 2016, THE FOUNDATION PURCHASED A 26.71 ACRE LAND PARCEL FOR $1.825 MILLION TO BE DEVELOPED BY COASTAL CAROLINA UNIVERSITY IN THE FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael T Benson Ex Officio Member, Nonvoti | Officer | 1 | $42,011 |
Nancy Z Jarrett Executive Director | Officer | 10 | $24,475 |
Daniel Macdonald Chair | OfficerTrustee | 1 | $0 |
Bonar B Anderson III Vice Chair | OfficerTrustee | 1 | $0 |
Delan Stevens Board Member | Trustee | 1 | $0 |
Jack L Springs Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $12,210 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1 |
| Net Gain/Loss on Asset Sales | $2,229 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,440 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $66,535 |
| Compensation of current officers, directors, key employees. | $21,223 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,140 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,877 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,952 |
| Fees for services: Other | $17,734 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,269 |
| All other expenses | $0 |
| Total functional expenses | $211,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,711 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,527 |
| Net Land, buildings, and equipment | $1,875,036 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,255,225 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,204,499 |
| Accounts payable and accrued expenses | $17,349 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,349 |
| Net assets without donor restrictions | $6,187,150 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,204,499 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Housing Collaborative Charlotte, NC | $3,657,105 | $83,275,604 |
Southeastern Housing And Community Development Barnwell, SC | $15,553,642 | $5,568,906 |
Distinctive Housing Solutions Inc Brunswick, GA | $6,407,391 | $5,577,789 |
Student Housing Of America Inc Atlanta, GA | $18,887,768 | $4,459,972 |
American Opportunity Foundation Inc Atlanta, GA | $36,469,989 | $25,080,242 |
City Of Sumter Housing & Economic Developement Corporation Sumter, SC | $4,664,908 | $2,384,397 |
Humanities Foundation Inc Mount Pleasant, SC | $30,885,789 | $3,824,255 |
Habitat For Humanity International Inc Summerville, SC | $4,637,729 | $2,350,715 |
Habitat For Humanity International Inc Brunswick, GA | $1,789,889 | $1,110,346 |
Habitat For Humanity International Inc Waynesville, NC | $2,225,841 | $1,631,877 |
Habitat For Humanity International Inc Albany, GA | $3,560,692 | $1,378,202 |
Trans Justice Housing Project Inc Atlanta, GA | $1,503,676 | $186,635 |