Campus Development Foundation Inc in Chattanooga, Tennessee (TN)

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Campus Development Foundation Inc
Employer Identification Number (EIN)621819831
Name of OrganizationCampus Development Foundation Inc
Address615 Mccallie Ave, Chattanooga, TN 37403-2504
SubsectionCharitable Organization
Ruling Date07/2000
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2012
Assets$50,000,000 to greater
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$71,322,855
Amount of Income$10,799,281
Form 990 Revenue Amount$10,799,281
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Fund Raising and/or Fund Distribution


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Amount of income in 2012: $10,799,281
This organization: 

 $10,799,281
Other organizations performing similar types of work: 

 $2,018,634

Assets in 2012: $71,322,855
This organization: 

 $71,322,855
Other organizations performing similar types of work: 

 $4,963,401

Expenses in 2007: $12,883,580
This organization: 

 $12,883,580
Other organizations performing similar types of work: 

 $2,182,028

Income to expenses ratio in 2007: 0.8
Campus Development Foundation Inc: 

 0.8
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 97.7%
Campus Development Foundation Inc: 

 97.7%
Other organizations performing similar types of work: 

 85.4%

Grants share in income in 2007: 5.7%
This organization: 

 5.7%
Other organizations performing similar types of work: 

 7.4%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$6,848,405$3,538,394$4,867,223$4,799,837$7,353,441$8,369,247$10,165,231$9,667,799
Contributions, gifts, grants, and similar amounts received$5,846,976$1,226,939$201,758$0$0$1,113,242$1,454,517$550,000
Contributions to donor advised funds$0$0
Direct public support$5,846,976$1,226,939$201,758$0$0$1,113,242$1,454,517$550,000
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$0$2,107,435$4,580,996$4,753,472$6,951,390$7,228,001$8,678,927$9,101,044
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$1,001,429$204,020$84,469$46,365$48,554$28,004$31,787$16,755
Dividends and interest from securities$0$0$0$0$0$0$0$0
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0$0$0$0$0
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$353,497$0$0$0
Total expenses$1,085,854$2,676,299$7,038,744$7,241,539$14,485,317$11,597,478$11,980,579$12,883,580
Program services$959,108$2,289,758$6,337,845$6,481,170$9,662,992$11,460,491$11,920,677$12,588,541
Management and general$126,746$386,541$700,899$760,369$4,822,325$136,987$59,902$295,039
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$5,762,551$6,624,646$4,453,125$2,011,423$-5,120,453$-8,348,684$-10,164,032$-13,379,813
Excess or (deficit) for the year$5,762,551$862,095$-2,171,521$-2,441,702$-7,131,876$-3,228,231$-1,815,348$-3,215,781
Net assets or fund balances at beginning of year$0$5,762,551$6,624,646$4,453,125$2,011,423$-5,120,453$-8,348,684$-10,164,032
Other changes in net assets or fund balances$0$0$0$0$0$0$0$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$12,883,580$12,588,541$295,039$0
Grants paid from donor advised funds$0
Other grants and allocations$550,000
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$804,660$804,660$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$5,540,165$5,540,165$0$0
Depreciation, depletion, etc.$3,116,715$3,116,715$0$0
Other expenses not covered above$2,872,040$2,577,001$295,039$0
Balance Sheets
20002001200220032004200520062007
Total assets$97,861,723$98,533,028$96,737,875$97,014,829$90,892,204$88,363,674$85,251,702$82,724,971
Cash - non-interest-bearing$0$0$0$0$0$0$0$0
Savings and temporary cash investments$70,767,163$45,128,197$34,719,974$19,074,842$3,494,939$5,084,666$5,608,237$4,558,565
Accounts receivable less allowance for doubtful accounts$0$70,347$199,570$189,029$447,207$314,690$8,611$2,321
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$1,335,282$2,045,458$2,066,103$2,021,123$573,160$536,037$506,484$576,610
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0$10,801,927$9,842,453$9,340,840$8,390,497
Investments - land, buildings, and equipment less accumulated depreciation$18,779,089$49,939,026$59,752,228$0$0$0$0$0
Investments - other$6,772,765$1,350,000$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$0$0$0$75,729,835$75,574,971$72,585,828$69,731,368$69,160,344
Other assets, including program-related investments$207,424$0$0$0$0$0$56,162$36,634
Total liabilities$92,099,172$91,908,382$92,284,750$95,003,406$96,012,657$96,712,358$95,415,734$96,104,784
Accounts payable and accrued expenses$284,382$318,585$735,450$3,157,878$2,966,747$3,993,392$3,753,105$5,900,019
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$94,648$45,403$44,611$683,317$590,145$814,280$686,267
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$88,412,851$88,418,932$88,424,546$87,867,240$89,268,050$89,108,200$87,848,349$86,518,498
Mortgages and other notes payable$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000$3,000,000
Other liabilities$401,939$76,217$79,351$933,677$94,543$20,621$0$0
Total liabilities and net assets/fund balances$97,861,723$98,533,028$96,737,875$97,014,829$90,892,204$88,363,674$85,251,702$82,724,971
Total net assets or fund balances$5,762,551$6,624,646$4,453,125$2,011,423$-5,120,453$-8,348,684$-10,164,032$-13,379,813
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$6,848,405$3,538,394$4,867,223$4,799,837$7,353,441$8,369,247$10,165,231$9,667,799
Total revenue, gains, and other support per audited financial statements$6,848,405$3,538,394$4,867,223$4,799,837$7,353,441$8,369,247$10,165,231$9,667,799
Other expenses$0$0$0$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$1,085,854$2,676,299$7,038,744$7,241,539$14,485,317$11,597,478$11,980,579$12,883,580
Total expenses and losses per audited financial statements$1,085,854$2,676,299$7,038,744$7,241,539$14,485,317$11,597,478$11,980,579$12,883,580
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings12
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$16,755$9,101,044
Program service revenue
Program service revenue 1000000$000$0$9,101,044
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$16,755$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Type of supporting organizationType I
Information about the supported organizations
Employer identification number (EIN)Name of organizationType of organizationIs the supported organization listed in the supporting organization's governing documents?Amount of support
626001636University Of Tennessee Treasurers Office, Partners In SportsYes$12,588,541
0$0
Total$12,588,541
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$10,799,281
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$10,798,589
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$692
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$10,816,765
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$10,816,765
Balance Sheet (for 2012)
Total assets$71,322,855
Total liabilities$88,758,001
Tax-exempt bond liabilities$80,449,095
Secured mortgages and notes payable to unrelated third parties$3,000,000
Unsecured notes and loans payable to unrelated third parties$0
Other$5,308,906
Total net assets or fund balances$-17,435,146
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Nellie Mae Education Foundation Inc1250 Hancock St Ste 205n, Quincy, MA 02169-4337MA1988-09$277,485,897
2U W Eugene Higgins Charity 336710PO BOX 1802, Providence, RI 02901-1802RI1976-04$247,700,626
3Voluntary Interdistrict Choice Corporation7425 Forsyth Blvd Suite 110, St Louis, MO 63105MO1999-10$61,175,620
4Caroline & Joseph S Gruss Life Monument Funds Inc45 Broadway Ste 3050, New York, NY 10006-3748NY1991-06$59,889,370
5The Cullen Trust For Higher Education601 Jefferson St Ste 3600, Houston, TX 77002-7906TX1979-01$55,390,915
6The Hodson Scholarship Foundation IncPO BOX 2205, Wilmington, DE 19899-2205DE1994-02$47,760,123
7Miller Endowment Incorporated1350 Beardshear Iowa State, Ames, IA 50011-2038IA1996-03$45,697,151
8Bnai Brith Hillel Foundation800 Eighth Street Nw, Washington Dc, DC 20001DC1951-01$37,238,550
9Fund For Public Schools Inc52 Chambers St, New York, NY 10007-1222NY1984-01$33,848,638
10Arizona Capital Facilities Finance CorporationPhoenix, AZ 85012AZ$27,551,213
11Pennington Medical Foundation6400 Perkins Rd, Baton Rouge, LA 70808-4124LA1980-03$23,271,783
12H C Drew EstatePO BOX 125, Lake Charles, LA 70602-0125LA1986-11$16,194,832
13Mr & Mrs E H Sumners FoundationPO BOX 23100, Jackson, MS 39225-3100MS1979-06$15,474,309
14Institute For Supply Management Inc2055 E Centennial Cir, Tempe, AZ 85284-1802AZ1983-01$15,245,915
15Sandia Foundation6211 San Mateo Blvd Ne Suite 100, Albuquerque, NM 87109-3551NM1957-10$14,648,692
16Ernst & Young Foundation5 Times Square, New York, NY 10036-6527NY1959-03$12,833,973
17Ralph W & Grace M Showalter Research Trust FundC/O Jpmorgan Chase Bk 10 S Dearborn, Chicago, IL 60603IL1973-09$12,377,635
18Mississippi Power Education Foundation IncPO BOX 4079, Gulfport, MS 39502-4079MS1986-04$11,437,205
19Campus Development Foundation Inc615 Mccallie Ave, Chattanooga, TN 37403-2504TN2000-07$10,799,281
20Van Otterloo Family Foundation, Van Otterloo Rose Marie De Mol Ttee18 Sewall St, Marblehead, MA 01945-3322MA1997-08$9,650,526
21Five Colleges Incorporated97 Spring St, Amherst, MA 01002-2324MA1966-04$9,188,360
22Ohio Foundation Of Independent Colleges Inc250 E Broad St Ste 1700, Columbus, OH 43215-3722OH1952-03$8,002,092
23Ieee Foundation Inc445 Hoes Ln, Piscataway, NJ 08854-4141NJ1973-06$7,814,479
24Foundations Inc701 E Gate Dr Ste 300, Mount Laurel, NJ 08054-3838NJ1993-03$7,501,542
25Los Alamos National Laboratory Foundation1112 Plaza Del Norte, Espanola, NM 87532-3216NM1998-07$6,762,161
26Davis Educational Foundation30 Forest Falls Dr Ste 5, Yarmouth, ME 04096-6983ME1985-07$6,515,948
27Alliance For Education509 Olive Way Ste 500, Seattle, WA 98101-2556WA1996-08$5,298,712
28Hillsborough Schools Foundation300 El Cerrito Ave, Hillsborough, CA 94010-6818CA1980-04$5,111,165
29St Georges Independent Schools Foundation8235 Dogwood Rd, Germantown, TN 38139-5123TN1999-04$4,614,249
30Minerva FoundationPO BOX 281152, Nashville, TN 37228-8502TN1999-06$67,274
Number of organizations performing similar types of work
Arkansas1
Arizona2
California14
Colorado3
Connecticut1
District of Columbia4
Delaware1
Florida3
Georgia3
Iowa6
Illinois4
Indiana1
Kansas1
Kentucky2
Louisiana2
Massachusetts3
Maryland4
Maine1
Michigan4
Minnesota2
Missouri1
Mississippi2
North Carolina4
New Hampshire1
New Jersey4
New Mexico2
Nevada1
New York7
Ohio3
Oregon2
Pennsylvania2
Rhode Island2
South Dakota1
Tennessee4
Texas6
Virginia2
Vermont1
Washington4
Wisconsin4
Total115

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