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Nonprofiteer
← SETON HILL PROPERTIES INC

Form 990 for tax year 2023

Filed by SETON HILL PROPERTIES INC.

Totals

Total revenue
$3
Total expenses
$19,072
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,242,486
Total liabilities, end of year
$1,836,922
Net assets or fund balances, end of year
$1,405,564
Program services expenses (Part IX)
$19,072
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$19,072

Program services were 100.0% 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 $3 · related or exempt $3

Functional expenses

Part IX, the statement of functional expenses.

  • 22 · Depreciation, depletion and amortization

    total $19,072 · program services $19,072

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $36 · end of year $39

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

    $3,455,183

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

    $212,736

  • 10c · Land, buildings and equipment, net

    beginning of year $3,261,520 · end of year $3,242,447

  • 25 · Other liabilities

    beginning of year $1,834,472 · end of year $1,836,922

  • 28 · Net assets with donor restrictions

    beginning of year $1,427,084 · end of year $1,405,564

Mission and programs · 2023

Mission

SEE SCHEDULE OSETON HILL PROPERTIES, INC. (SHP), WAS ORGANIZED TO CARRY OUT THE PURPOSES OF SETON HILL UNIVERSITY AND IS OPERATED, SUPERVISED, AND CONTROLLED BY SETON HILL UNIVERSITY, SO AS TO QUALIFY AS AN IRC SECTION 509(A)(3) TYPE I SUPPORTING ORGANIZATION. SETON HILL PROPERTIES INC. OWNS CERTAIN LAND AND PROPERTY UPON WHICH SETON HILL UNIVERSITY HAS CONSTRUCTED TWO FACILITIES: THE SETON HILL PERFORMING ARTS CENTER AND THE SETON HILL ARTS CENTER, A VISUAL ARTS FACILITY.

Activities or mission (Part I)

TO CARRY OUT THE PURPOSES OF SETON HILL UNIVERSITY.

  • OWNERSHIP OF LAND AND BUILDINGS HOUSING THE SETON HILL UNIVERSITY PERFORMING ARTS CENTER AND THE SETON HILL UNIVERSITY ARTS CENTER IN DOWNTOWN GREENSBURG. THE UNIVERSITY'S ARTS PROGRAMS ARE CONDUCTED IN THE CENTERS. THE FACILITIES ENHANCE AND REVITALIZE THE ECONOMIC DEVELOPMENT OF GREENSBURG'S DOWNTOWN AREA.

    Expenses $19,072 · Revenue $3

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MARY FINGER EDD

    PRESIDENT

    Total calculated
    $647,691
    From this org
    $0
    From related orgs
    $532,372
    Other
    $115,319
    Hours/week
    0.1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $434,663 related
    Bonus
    $0 + $77,709 related
    Other
    $0 + $20,000 related
    Deferred
    $0 + $46,900 related
    Nontaxable benefits
    $0 + $68,419 related
    Filer's total
    $0 + $647,691 related

  • BRENT JACKSON

    VICE PRESIDENT

    Total calculated
    $183,407
    From this org
    $0
    From related orgs
    $173,537
    Other
    $9,870
    Hours/week
    0.1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $166,246 related
    Bonus
    $0 + $7,291 related
    Other
    $0
    Deferred
    $0 + $9,712 related
    Nontaxable benefits
    $0 + $158 related
    Filer's total
    $0 + $183,407 related

  • ROBERT DEMICHIEI

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1 + 1.7 related

  • RACHEL BLAIS SC

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1 + 1.2 related

  • MARY NORBERT LONG SC

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1.6 related

  • REBECCA SNYDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 9.1 related

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

The filer's explanations (Part III)

PART I, LINE 3
SETON HILL PROPERTIES RELIED UPON SETON HILL UNIVERSITY'S METHODS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT AND OTHER OFFICERS. THE UNIVERSITY HAS A COMPENSATION COMMITTEE THAT ESTABLISHES THE PRESIDENT'S COMPENSATION. FOR THE CURRENT FISCAL YEAR, THE COMMITTEE ENGAGED SERVICES FROM AN INDEPENDENT CONSULTANT TO ASSIST WITH THE DETERMINATION OF COMPENSATION. THE COMPENSATION COMMITTEE, HOWEVER, INDEPENDENTLY APPROVED AND AWARDED THE FINAL COMPENSATION PACKAGE. THE COMPENSATION COMMITTEE ALSO ESTABLISHES THE COMPENSATION OF OFFICERS. THE COMMITTEE REVIEWS COMPARABILITY DATA THAT IS PUBLICLY AVAILABLE AND INDEPENDENT CONSULTANTS WHERE APPROPRIATE.

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
2023
Filed
4 March 2025
IRS schema version
2023v6.0
Source object
202531129349301753

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