Totals
- Total revenue
- $1,124,294
- Total expenses
- $1,580,314
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,124,243
- Investment income
- $0
- Other revenue
- $51
- Total assets, end of year
- $10,531,943
- Total liabilities, end of year
- $9,848,295
- Net assets or fund balances, end of year
- $683,648
- Program services expenses (Part IX)
- $1,511,576
- Management and general expenses
- $68,738
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,511,576
Program services were 95.7% 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: RENTAL INCOME
total $1,124,243 · related or exempt $1,124,243
-
11a · Other revenue: OTHER INCOME
total $51 · related or exempt $51
-
11e · Other revenue, total
$51
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $42,024 · program services $42,024
-
11b · Fees: legal
total $33,063 · program services $33,063
-
11c · Fees: accounting
total $68,000 · management and general $68,000
-
13 · Office expenses
total $3,965 · program services $3,965
-
16 · Occupancy
total $237,748 · program services $237,748
-
20 · Interest
total $516,861 · program services $516,861
-
22 · Depreciation, depletion and amortization
total $355,718 · program services $355,718
-
23 · Insurance
total $30,050 · program services $30,050
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $223,698 · program services $223,698
-
24b · Other expenses: REAL ESTATE TAX
total $45,838 · program services $45,838
-
24c · Other expenses: BANK FEES
total $22,611 · program services $22,611
-
24d · Other expenses: OTHER
total $738 · management and general $738
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $308,983 · end of year $160,753
-
3 · Pledges and grants receivable
beginning of year $100,000
-
4 · Accounts receivable
beginning of year $55,181 · end of year $55,658
-
9 · Prepaid expenses and deferred charges
beginning of year $4,429 · end of year $5,264
-
10a · Land, buildings and equipment: cost or other basis
$13,165,119
-
10b · Land, buildings and equipment: accumulated depreciation
$2,854,851
-
10c · Land, buildings and equipment, net
beginning of year $10,649,336 · end of year $10,310,268
-
17 · Accounts payable and accrued expenses
beginning of year $149,950 · end of year $134,334
-
19 · Deferred revenue
beginning of year $14,000 · end of year $16,938
-
20 · Tax-exempt bond liabilities
beginning of year $7,785,000 · end of year $7,630,000
-
23 · Secured mortgages and notes payable
beginning of year $2,029,311 · end of year $2,039,749
-
25 · Other liabilities
beginning of year $0 · end of year $27,274
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $1,139,668 · end of year $683,648
Mission and programs · 2022
Mission
TO EXPAND THE EDUCATIONAL OPPORTUNITIES AVAILABLE TO THE STUDENTS, FACULTY AND STAFF OF WRIGHT STATE UNIVERSITY BY DEVELOPING, OPERATING, AND MAINTAINING FACILITIES FOR THE BENEFIT OF THE UNIVERSITY.
Activities or mission (Part I)
TO DEVELOP, OPERATE AND MAINTAIN FACILITIES FOR THE BENEFIT OF THE UNIVERSITY.
-
THE ORGANIZATION, EITHER DIRECTLY OR THROUGH ITS WHOLLY OWNED SUBSIDIARIES, ACQUIRES REAL PROPERTY IN THE AREAS SURROUNDING THE WRIGHT STATE UNIVERSITY CAMPUSES FOR THE BENEFIT OF WRIGHT STATE UNIVERSITY. SUBSTANTIALLY ALL THE PROPERTY ACQUIRED BY PURCHASE WILL BE LEASED AT COST PURSUANT TO A MASTER LEASE AGREEMENT BETWEEN DOUBLE BOWLER PROPERTIES CORP. (AND ITS WHOLLY OWNED SUBSIDIARIES) AND WRIGHT STATE UNIVERSITY. TO DATE, THE ORGANIZATION, EITHER DIRECTLY OR THROUGH ITS WHOLLY OWNED SUBSIDIARIES, HAS ACQUIRED SEVEN PROPERTIES AND LEASED FIVE OF THOSE PROPERTIES TO WSU. WSU IS USING THESE PROPERTIES FOR UNIVERSITY PURPOSES.
Expenses $1,511,576 · Revenue $1,124,294
As filed on the 2022 return.
Listed in Part VII
-
Greg SampleGREG SAMPLE
PRESIDENT, CEO
- Total calculated
- $0
- Hours/week
- 1
-
Dr Anuj GoyalDR ANUJ GOYAL
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Sue EdwardsSUE EDWARDS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tom GunlockTOM GUNLOCK
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Burhan KawosaBURHAN KAWOSA
MEMBER
- 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
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.
-
WRIGHT STATE UNIVERSITY
501(C)(3) · PUBLIC UNIVERSITY · OH
-
WRIGHT STATE UNIVERSITY FOUNDATION
501(C)(3) · RAISE AND DISTRIBUTE PRIVATE SUPPORT TO HELP WRIGHT STATE UNIVERSITY · OH
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
VANCLEVE PROPERTY SERVICES LLC
REAL ESTATE HOLDING CO · OH · income $52,530
Directly controlled by DOUBLE BOWLER PROPERTIES
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421369349310302
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