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Nonprofiteer
← CAMPUS FACILITIES INC

Form 990 for tax year 2023

Filed by CAMPUS FACILITIES INC.

Totals

Total revenue
$4,553,214
Total expenses
$2,426,434
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,462,325
Investment income
$90,889
Other revenue
$0
Total assets, end of year
$33,645,899
Total liabilities, end of year
$16,423,875
Net assets or fund balances, end of year
$17,222,024
Program services expenses (Part IX)
$2,410,292
Management and general expenses
$16,142
Fundraising expenses
$0
Program service expenses (Part III)
$2,410,292

Program services were 99.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: GROUND LEASE - LCTCS B

    total $4,462,325 · related or exempt $4,462,325

  • 3 · Investment income

    total $90,889 · excluded $90,889

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $15 · management and general $15

  • 11b · Fees: legal

    total $2,275 · management and general $2,275

  • 11c · Fees: accounting

    total $8,800 · management and general $8,800

  • 20 · Interest

    total $437,888 · program services $437,888

  • 22 · Depreciation, depletion and amortization

    total $1,495,874 · program services $1,495,874

  • 23 · Insurance

    total $4,043 · management and general $4,043

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $476,530 · program services $476,530

  • 24b · Other expenses: MISCELLANEOUS

    total $1,009 · management and general $1,009

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,136,593 · end of year $2,037,281

  • 10a · Land, buildings and equipment: cost or other basis

    $59,976,277

  • 10b · Land, buildings and equipment: accumulated depreciation

    $28,367,659

  • 10c · Land, buildings and equipment, net

    beginning of year $33,104,492 · end of year $31,608,618

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,604 · end of year $1,800

  • 20 · Tax-exempt bond liabilities

    beginning of year $20,080,733 · end of year $16,374,821

  • 25 · Other liabilities

    beginning of year $61,504 · end of year $47,254

  • 27 · Net assets without donor restrictions

    beginning of year $15,095,244 · end of year $17,222,024

Mission and programs · 2023

Mission

PROVIDE FUNDS FOR AND OVERSEE CONSTRUCTION OF THE CAMPUS TO BE OCCUPIED UPON COMPLETION BY BOSSIER PARISH COMMUNITY COLLEGE.

Activities or mission (Part I)

CONSTRUCTION OF FACILITIES FOR BOSSIER PARISH COMMUNITY COLLEGE

  • PROVIDE FUNDS FOR AND OVERSEE CONSTRUCTION OF THE CAMPUS TO BE OCCUPIED BY BOSSIER PARISH COMMUNITY COLLEGE.

    Expenses $2,410,292 · Revenue $4,462,325

As filed on the 2023 return.

Listed in Part VII

  • J Kevin McCotter

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Bill McConathy

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Don Jones

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
1 July 2024
IRS schema version
2023v5.1
Source object
202441939349301904

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