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EIN 23-2411680

Academic Properties

IRS 501(c) type
501(c)(3)
Num. employees
8
City
Philadelphia
State
Pennsylvania
Year formed
1986
Most recent tax filings
2023-06-01
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
$8,169,303
2023
Total expenses
$5,327,985
2023
Total assets
$32,583,764
2023
Num. employees
8
2023

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.$4,550

Personnel at Academic Properties

NameTitleCompensation
Alan GreenbergerPresident , Chief Operating Officer$0
Helen Y BowmanTreasurer$0
Rebecca LacherSecretary$0
Carmen PiccoloVice President / Executive Director / Property Manager$149,975
John A FryChairman of the Board / Director and Chairman$0
...and 5 more key personnel

Financials for Academic Properties

RevenuesFYE 06/2023
Total grants, contributions, etc.$0
Program services$6,460,917
Investment income and dividends$82,807
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$1,474,547
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$151,032
Total revenues$8,169,303

Form 990s for Academic Properties

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-14990View PDF
2022-062023-05-23990View PDF
2021-062022-06-14990View PDF
2020-062021-05-26990View PDF
2019-062021-02-09990View PDF
...and 9 more Form 990s
Data update history
July 16, 2024
Updated personnel
Identified 1 new personnel
July 9, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 8, 2024
Used new vendors
Identified 1 new vendor, including
December 31, 2023
Received grants
Identified 1 new grant, including a grant for $4,550 from Nick and Paris N Panagos Charitable Trust
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Real estate organizationsSchoolsHeadquarter / parent organizations
Issues
EducationHuman servicesHousingHomelessness
Characteristics
State / local levelAccepts online donations
General information
Address
3201 Arch St 400
Philadelphia, PA 19104
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
County
Philadelphia County, PA
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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