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← CAPITAL FACILITIES FOUNDATION INC

Form 990 for tax year 2022

Filed by CAPITAL FACILITIES FOUNDATION INC.

Totals

Total revenue
$579,889
Total expenses
$562,597
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$372,704
Investment income
$207,185
Other revenue
$0
Total assets, end of year
$21,459,898
Total liabilities, end of year
$16,621,509
Net assets or fund balances, end of year
$4,838,389
Program services expenses (Part IX)
$523,528
Management and general expenses
$39,069
Fundraising expenses
$0
Program service expenses (Part III)
$523,528

Program services were 93.1% 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 $350,704 · related or exempt $350,704

  • 2b · Program service revenue: COMMISSIONS

    total $22,000 · related or exempt $22,000

  • 3 · Investment income

    total $207,185 · excluded $207,185

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $33,078 · management and general $33,078

  • 11f · Fees: investment management

    total $5,991 · management and general $5,991

  • 20 · Interest

    total $205,776 · program services $205,776

  • 22 · Depreciation, depletion and amortization

    total $290,364 · program services $290,364

  • 23 · Insurance

    total $21,582 · program services $21,582

  • 24a · Other expenses: UTILITIES

    total $5,806 · program services $5,806

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,917,217 · end of year $3,972,852

  • 4 · Accounts receivable

    beginning of year $51,444 · end of year $49,934

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

    $10,951,550

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

    $1,631,768

  • 10c · Land, buildings and equipment, net

    beginning of year $9,610,146 · end of year $9,319,782

  • 15 · Other assets

    beginning of year $8,384,453 · end of year $8,117,330

  • 17 · Accounts payable and accrued expenses

    beginning of year $87,757 · end of year $49,934

  • 25 · Other liabilities

    beginning of year $17,054,406 · end of year $16,571,575

  • 27 · Net assets without donor restrictions

    beginning of year $4,821,097 · end of year $4,838,389

Mission and programs · 2022

Mission

TO ENHANCE UNC GREENSBORO'S MISSION BY ASSISTING WITH THE ACQUISITION, DEVELOPMENT, FINANCING, CONSTRUCTION, MANAGEMENT AND OPERATION OF CAPITAL ASSETS FOR UNCG.

Activities or mission (Part I)

TO ASSIST WITH THE ACQUISITION, DEVELOPMENT, FINANCING, CONSTRUCTION, MANAGEMENT, AND OPERATION OF CAPITAL ASSETS FOR UNCG.

  • TO ENHANCE UNC GREENSBORO'S MISSION BY ASSISTING WITH THE ACQUISITION, DEVELOPMENT, FINANCING, CONSTRUCTION, MANAGEMENT AND OPERATION OF CAPITAL ASSETS FOR UNCG.

    Expenses $523,528 · Revenue $372,704

As filed on the 2022 return.

Listed in Part VII

  • Robert J Shea Jr

    PRESIDENT

    Total calculated
    $363,260
    From this org
    $0
    From related orgs
    $291,445
    Other
    $71,815
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $290,965 related
    Bonus
    $0 + $480 related
    Other
    $0
    Deferred
    $0 + $71,815 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $363,260 related

  • Scott Milman

    TREASURER

    Total calculated
    $208,812
    From this org
    $0
    From related orgs
    $160,269
    Other
    $48,543
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $159,237 related
    Bonus
    $0 + $1,032 related
    Other
    $0
    Deferred
    $0 + $40,716 related
    Nontaxable benefits
    $0 + $7,827 related
    Filer's total
    $0 + $208,812 related

  • Sameer Kapileshwari

    SECRETARY

    Total calculated
    $233,152
    From this org
    $0
    From related orgs
    $179,158
    Other
    $53,994
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $178,678 related
    Bonus
    $0 + $480 related
    Other
    $0
    Deferred
    $0 + $46,167 related
    Nontaxable benefits
    $0 + $7,827 related
    Filer's total
    $0 + $233,152 related

  • Franklin Gilliam

    DIRECTOR

    Total calculated
    $508,893
    From this org
    $0
    From related orgs
    $427,201
    Other
    $81,692
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $415,921 related
    Bonus
    $0 + $11,280 related
    Other
    $0
    Deferred
    $0 + $73,865 related
    Nontaxable benefits
    $0 + $7,827 related
    Filer's total
    $0 + $508,893 related

  • Debbie Storrs

    DIRECTOR

    Total calculated
    $391,406
    From this org
    $0
    From related orgs
    $343,077
    Other
    $48,329
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $332,823 related
    Bonus
    $0 + $10,254 related
    Other
    $0
    Deferred
    $0 + $40,502 related
    Nontaxable benefits
    $0 + $7,827 related
    Filer's total
    $0 + $391,406 related

  • Cathy Akens

    DIRECTOR

    Total calculated
    $257,264
    From this org
    $0
    From related orgs
    $219,887
    Other
    $37,377
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $219,407 related
    Bonus
    $0 + $480 related
    Other
    $0
    Deferred
    $0 + $29,550 related
    Nontaxable benefits
    $0 + $7,827 related
    Filer's total
    $0 + $257,264 related

  • Timothy Johnson

    DIRECTOR

    Total calculated
    $151,840
    From this org
    $0
    From related orgs
    $126,437
    Other
    $25,403
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $125,561 related
    Bonus
    $0 + $876 related
    Other
    $0
    Deferred
    $0 + $17,576 related
    Nontaxable benefits
    $0 + $7,827 related
    Filer's total
    $0 + $151,840 related

  • Betsy Oakley

    CHAIR

    Total calculated
    $0
    Hours/week
    0.1

  • Arthur Samet

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
2022
Filed
19 February 2024
IRS schema version
2022v5.0
Source object
202420549349300237

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