Campbell University Foundation Inc
- Assets
- $66.6m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Buies Creek, NC
- Founding
- 01/2008
- Data as of
- 05/2022
- EIN
- 68-0620773
Organization Overview
Campbell University Foundation Inc is located in Buies Creek, NC. The organization was established in 2008. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Campbell University Foundation Inc 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 05/2022, Campbell University Foundation Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 39.7% each year . All expenses for the organization totaled $1.4m during the year ending 05/2022. 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
SUPPORT CAMPBELL UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELD PROPERTY FOR THE SUPPORT OF CAMPBELL UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frederick L Taylor II Chair | OfficerTrustee | 1 | $0 |
Robert Wellons Vice-Chair | OfficerTrustee | 1 | $0 |
John Roberson Executive Vp, Board Secretary | Officer | 1 | $0 |
J Bradley Creed President | Officer | 1 | $0 |
Julie Byrd Comptroller, Board Treasurer | Officer | 1 | $0 |
Mary Willis Director | 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 | $1,307,364 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $58,380 |
| Net Gain/Loss on Asset Sales | $171,344 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,549,630 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,017 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| 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 | $1,316,725 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,631 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,378,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,481,194 |
| 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 | $60,467,296 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,318,523 |
| Investments—publicly traded securities | $63,493 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $268,479 |
| Total assets | $66,598,985 |
| Accounts payable and accrued expenses | $55 |
| 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 | $60,055,092 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,546,678 |
| Total liabilities | $63,601,825 |
| Net assets without donor restrictions | $2,980,559 |
| Net assets with donor restrictions | $16,601 |
| 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 | $66,598,985 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Campbell University Foundation Inc has recieved totaling $88,564.
| Awarding Organization | Amount |
|---|---|
North Carolina Independent Colleges & Universities Raleigh, NC PURPOSE: PROVIDE SCHOLARSHIP FUNDS | $30,244 |
Americares Foundation Inc Stamford, CT PURPOSE: ONGOING | $29,160 |
Americares Foundation Inc Stamford, CT PURPOSE: ONGOING | $29,160 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Durham Realty Inc Durham, NC | $66,578,409 | $21,835,955 |
Healthcare Georgia Foundation Inc Atlanta, GA | $145,422,542 | $18,331,596 |
Kanuga Endowment Inc Hendersonville, NC | $0 | $539,404 |
United Jewish Charities Of Greater Charlotte Inc Charlotte, NC | $8,151,447 | $4,750,352 |
Rally Foundation Inc Atlanta, GA | $9,445,133 | $7,328,050 |
Adira Foundation Richmond, VA | $46,085 | $190,912 |
Educational Facilities Corporationfor Lexington School District No 2 West Columbia, SC | $17,713,387 | $2,158,056 |
American Institute Of Certified Public Accountants Foundation Durham, NC | $13,346,405 | $1,363,179 |
New Vision Research Mt Pleasant, SC | $135,395 | $1,251,782 |
The Beirne Carter Foundation Richmond, VA | $25,189,504 | $3,003,577 |
The Triad Health Project Greensboro, NC | $661,078 | $1,457,249 |
Blowing Rock Charity Horse Show Foundation Inc Blowing Rock, NC | $3,907,755 | $1,476,671 |