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← CAPITAL FACILITIES FOUNDATION INC

Form 990 for tax year 2024

Filed by CAPITAL FACILITIES FOUNDATION INC.

Totals

Total revenue
$566,753
Total expenses
$570,679
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$373,073
Investment income
$193,680
Other revenue
$0
Total assets, end of year
$20,478,719
Total liabilities, end of year
$15,644,490
Net assets or fund balances, end of year
$4,834,229
Program services expenses (Part IX)
$526,500
Management and general expenses
$44,179
Fundraising expenses
$0
Program service expenses (Part III)
$526,500

Program services were 92.3% 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: RENTAL INCOME

    total $351,073 · related or exempt $351,073

  • 2b · Program service revenue: OTHER REVENUE-COMMISSI

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

  • 3 · Investment income

    total $193,680 · excluded $193,680

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $38,195 · management and general $38,195

  • 11f · Fees: investment management

    total $5,984 · management and general $5,984

  • 20 · Interest

    total $193,545 · program services $193,545

  • 22 · Depreciation, depletion and amortization

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

  • 23 · Insurance

    total $32,978 · program services $32,978

  • 24a · Other expenses: UTILITIES

    total $9,613 · program services $9,613

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,047,936 · end of year $4,118,724

  • 4 · Accounts receivable

    beginning of year $48,386 · end of year $46,801

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

    $10,952,400

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

    $2,212,496

  • 10c · Land, buildings and equipment, net

    beginning of year $9,029,419 · end of year $8,739,904

  • 15 · Other assets

    beginning of year $7,843,505 · end of year $7,573,290

  • 17 · Accounts payable and accrued expenses

    beginning of year $48,386 · end of year $46,800

  • 21 · Escrow or custodial account liability

    beginning of year $779,919 · end of year $891,336

  • 25 · Other liabilities

    beginning of year $15,302,786 · end of year $14,706,354

  • 27 · Net assets without donor restrictions

    beginning of year $4,838,155 · end of year $4,834,229

Mission and programs · 2024

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 $526,500 · Revenue $373,073

As filed on the 2024 return.

Listed in Part VII

  • FRANKLIN GILLIAM

    DIRECTOR

    Total calculated
    $556,385
    From this org
    $0
    From related orgs
    $460,878
    Other
    $95,507
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $443,721 related
    Bonus
    $0 + $17,157 related
    Other
    $0
    Deferred
    $0 + $87,412 related
    Nontaxable benefits
    $0 + $8,095 related
    Filer's total
    $0 + $556,385 related

  • ALAN BOYETTE

    DIRECTOR

    Total calculated
    $433,004
    From this org
    $0
    From related orgs
    $339,467
    Other
    $93,537
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $339,467 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $85,442 related
    Nontaxable benefits
    $0 + $8,095 related
    Filer's total
    $0 + $433,004 related

  • ROBERT J SHEA JR

    PRESIDENT

    Total calculated
    $387,195
    From this org
    $0
    From related orgs
    $308,757
    Other
    $78,438
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $308,757 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $78,438 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $387,195 related

  • CATHY AKENS

    DIRECTOR

    Total calculated
    $273,466
    From this org
    $0
    From related orgs
    $233,416
    Other
    $40,050
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $232,936 related
    Bonus
    $0 + $480 related
    Other
    $0
    Deferred
    $0 + $31,955 related
    Nontaxable benefits
    $0 + $8,095 related
    Filer's total
    $0 + $273,466 related

  • SCOTT MILMAN

    TREASURER

    Total calculated
    $255,578
    From this org
    $0
    From related orgs
    $196,444
    Other
    $59,134
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $196,444 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $51,039 related
    Nontaxable benefits
    $0 + $8,095 related
    Filer's total
    $0 + $255,578 related

  • SAMEER KAPILESHWARI

    SECRETARY

    Total calculated
    $254,237
    From this org
    $0
    From related orgs
    $195,717
    Other
    $58,520
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,237 related
    Bonus
    $0 + $480 related
    Other
    $0
    Deferred
    $0 + $50,425 related
    Nontaxable benefits
    $0 + $8,095 related
    Filer's total
    $0 + $254,237 related

  • ZACH SMITH

    DIRECTOR

    Total calculated
    $202,419
    From this org
    $0
    From related orgs
    $155,115
    Other
    $47,304
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,115 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $39,209 related
    Nontaxable benefits
    $0 + $8,095 related
    Filer's total
    $0 + $202,419 related

  • TIMOTHY JOHNSON

    DIRECTOR

    Total calculated
    $162,003
    From this org
    $0
    From related orgs
    $134,116
    Other
    $27,887
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $133,636 related
    Bonus
    $0 + $480 related
    Other
    $0
    Deferred
    $0 + $19,792 related
    Nontaxable benefits
    $0 + $8,095 related
    Filer's total
    $0 + $162,003 related

  • ARTHUR SAMET

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • GEORGE HOYLE

    CHAIR

    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
2024
Filed
29 January 2026
IRS schema version
2024v5.5
Source object
202630379349300808

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