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EIN 23-2411680

Academic Properties

IRS 501(c) type
501(c)(3)
Num. employees
11
City
Philadelphia
State
Pennsylvania
Year formed
1986
Most recent tax filings
2022-06-01
NTEE code, primary
B43: University or Technological Institute
Description
Academic Properties acquires and improves properties of strategic importance to the future growth of Drexel University. It maximizes Drexel University real estate holdings to their fullest strategic value with emphasis on serving the university community. Its programs include renting classroom and office space to Drexel University as well as providing housing for its students.
Total revenues
$8,151,800
2022
Total expenses
$5,922,596
2022
Total assets
$29,565,241
2022
Num. employees
11
2022

Program areas at Academic Properties

Housing for students of drexel university.
Rental of classroom and office space to drexel university.

Who funds Academic Properties

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Nick and Paris N Panagos Charitable TrustTo Benefit the Programs of the Entity.$4,675

Personnel at Academic Properties

NameTitleCompensation
Alan GreenbergerPresident , Chief Operating Officer$0
Helen Y BowmanTreasurer$0
Carmen PiccoloVice President$148,173
John A FryChairman of the Board$0
Rebecca LacherSecretary$0
...and 5 more key personnel

Financials for Academic Properties

RevenuesFYE 06/2022
Total grants, contributions, etc.$0
Program services$6,197,954
Investment income and dividends$4,247
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$1,821,228
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$128,371
Total revenues$8,151,800

Form 990s for Academic Properties

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-23990View PDF
2020-062021-05-26990View PDF
2019-062021-02-09990View PDF
2018-062019-07-23990View PDF
2017-062018-11-15990View PDF
...and 7 more Form 990s
Data update history
July 8, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 27, 2023
Used new vendors
Identified 3 new vendors, including , , and
May 26, 2023
Updated personnel
Identified 2 new personnel
May 22, 2023
Received grants
Identified 1 new grant, including a grant for $4,675 from Nick and Paris N Panagos Charitable Trust
May 14, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Real estate organizationsSchoolsHeadquarter / parent organizations
Issues
EducationHuman servicesHousingHomelessness
Characteristics
State / local level
General information
Address
3201 Arch St 400
Philadelphia, PA 19104
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Website URL
academic-properties.com 
Phone
(215) 662-1500
IRS details
EIN
23-2411680
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1986
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
B43: University or Technological Institute
NAICS code, primary
5313: Real Estate Services
Parent/child status
Central organization
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