Foundation Properties Inc

Foundation Properties Inc is a 501(c)(3) nonprofit organization based in the United States. The organization is primarily categorized under Educational Institutions and Related Activities, as well as Fund Raising and/or Fund Distribution, according to the National Taxonomy of Exempt Entities (NTEE).

Purpose

The primary purpose of Foundation Properties Inc is to support and promote higher education, specifically at Columbus State University. The organization focuses on managing and maintaining real estate holdings for the benefit of its educational partner.

Governance and Leadership

The organization is led by a board of directors, which includes community leaders who advocate for and support the mission of Columbus State University. Notable leadership positions include the executive director, who oversees the management of properties and financial operations.

Financial Operations

Foundation Properties Inc generates revenue primarily through program services. In recent years, the organization has reported significant revenue from this source, with additional income from investment activities and other revenue streams. The organization does not receive contributions but relies heavily on program services for its financial stability. It does not pay executive compensation but incurs costs for other salaries and wages.

Impact

The organization plays a crucial role in supporting the educational goals of Columbus State University by effectively managing its real estate assets. This support helps in enhancing educational excellence and expanding educational opportunities through scholarships and other academic programs.

Further Information

For detailed financial data and governance structures, one can refer to the organization's Form 990 filings with the Internal Revenue Service. These filings provide comprehensive insights into the nonprofit's financial management and governing practices.