Form 990 for tax year 2023
Filed by PAUL D CAMP COMMUNITY COLLEGE REAL ESTATE FOUNDATION.
Totals
- Total revenue
- $5,785,732
- Total expenses
- $158,193
- Contributions and grants received
- $4,593,983
- Grants paid
- $10,000
- Program service revenue
- $30,000
- Investment income
- $1,161,749
- Other revenue
- $0
- Total assets, end of year
- $6,578,316
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $6,578,316
- Program services expenses (Part IX)
- $116,226
- Management and general expenses
- $34,915
- Fundraising expenses
- $7,052
- Program service expenses (Part III)
- $116,226
Program services were 73.5% 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.
-
1f · All other contributions, gifts and grants
$4,593,983
-
1g · Noncash contributions included above
$1,100,000
-
2a · Program service revenue: FRANKLIN SUMMIT TOWN HOMES
total $20,000 · related or exempt $20,000
-
2b · Program service revenue: 1000 AMORY DRIVE
total $10,000 · related or exempt $10,000
-
3 · Investment income
total $52,344 · excluded $52,344
-
7a · Gross sales of assets other than inventory
other assets $1,405,995
-
7b · Less cost or other basis and sales expenses
other assets $296,590
-
7c · Gain or loss
other assets $1,109,405
-
7d · Net gain or loss
total $1,109,405 · related or exempt $1,109,405
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $10,000 · program services $10,000
-
11a · Fees: management
total $6,464 · management and general $6,464
-
11g · Fees: other
total $250 · management and general $250
-
13 · Office expenses
total $17,284 · program services $12,963 · management and general $3,457 · fundraising $864
-
16 · Occupancy
total $14,731 · program services $11,048 · management and general $2,946 · fundraising $737
-
20 · Interest
total $30,072 · program services $22,554 · management and general $6,014 · fundraising $1,504
-
22 · Depreciation, depletion and amortization
total $474 · program services $474
-
23 · Insurance
total $4,479 · program services $3,359 · management and general $896 · fundraising $224
-
24a · Other expenses: MAINTENANCE
total $64,327 · program services $48,245 · management and general $12,865 · fundraising $3,217
-
24b · Other expenses: MISCELLANEOUS
total $3,698 · program services $2,773 · management and general $740 · fundraising $185
-
24c · Other expenses: REAL ESTATE TAX
total $3,258 · program services $2,443 · management and general $652 · fundraising $163
-
24d · Other expenses: RECEPTIONS
total $3,156 · program services $2,367 · management and general $631 · fundraising $158
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $368,563 · end of year $496,727
-
2 · Savings and temporary cash investments
end of year $3,023,938
-
10a · Land, buildings and equipment: cost or other basis
$2,064,108
-
10b · Land, buildings and equipment: accumulated depreciation
$29,326
-
10c · Land, buildings and equipment, net
beginning of year $1,565,456 · end of year $2,034,782
-
11 · Investments: publicly traded securities
end of year $1,022,869
-
14 · Intangible assets
beginning of year $9,162
-
23 · Secured mortgages and notes payable
beginning of year $750,000
-
24 · Unsecured notes and loans payable
beginning of year $190,104
-
25 · Other liabilities
beginning of year $25,000
-
27 · Net assets without donor restrictions
beginning of year $978,077 · end of year $6,578,316
Mission and programs · 2023
Mission
THE FOUNDATION SHALL ENGAGE IN ANY AND ALL MATTERS PERTAINING TO REAL ESTATE FOR THE BENEFIT OF PAUL D CAMP COMMUNITY COLLEGE AND ITS FOUNDATION.
-
THE FOUNDATION SHALL ENGAGE IN ANY AND ALL MATTERS PERTAINING TO REAL ESTATE FOR THE BENEFIT OF THE PAUL D CAMP COMMUNITY COLLEGE AND THE COLLEGE FOUNDATION. IT SHALL USE AND ADMINISTER BEQUESTS, DEVISES, GIFTS AND GRANTS.
Expenses $116,226 · Grants $10,000
As filed on the 2023 return.
Listed in Part VII
-
Meghan CouncilMEGHAN COUNCIL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William HoltWILLIAM HOLT
BOARD PRESID
- Total calculated
- $0
- Hours/week
- 1
-
Dr Corey L McCrayDR COREY L MCCRAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
-
PAUL D CAMP COMMUNITY COLLEGE
$10,000
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531359349315898
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