AVERY PROPERTIES INC

Address
141 EAST COLLEGE AVENUE
DECATUR, GA 30030
Contact
Website: http://www.agnesscott.edu
Phone: +1 (404) 471-6308
Nonprofit
NTEE: B114 - Education
EIN: 58-2328397

Mission

CHARITABLE ORGANIZATION TO SUPPORT THE FURTHERANCE OF AGNES SCOTT COLLEGE'S EDUCATIONAL PURPOSES.
 20162015201420132012
Basic features of the organization
Year of formation1997
Metropolitan statistical area0520
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$0.00$0.00$0.00$0.00$0.00
Number of employees00000
Number of people compensated >$100k00000
Number of volunteers00000
Number of highly compensated contractors000  
Personnel
Brown, Robert
Title  TRUSTEE & TREASURERTRUSTEE & TREASURERTRUSTEE & TREASURER
Name of key/compensated person  ROBERT L BROWNROBERT L BROWNROBERT L BROWN
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Current officer  TrueTrueTrue
Average hours per week working for org  0.200.2020.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Average hours per week working for related orgs  20.0020.00 
Drake, J
Title  TRUSTEE & PRESIDENTTRUSTEE & PRESIDENTTRUSTEE & PRESIDENT
Name of key/compensated person  J WALTER DRAKEJ WALTER DRAKEJ WALTER DRAKE
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Current officer  TrueTrueTrue
Average hours per week working for org  0.200.2020.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Average hours per week working for related orgs  20.0020.00 
Glendinning, E
Title  TRUSTEE & SECRETARYTRUSTEE & SECRETARY 
Name of key/compensated person  E ANN GLENDINNINGE ANN GLENDINNING 
Position of compensated person
Current individual trustee or director  TrueTrue 
Current officer  TrueTrue 
Average hours per week working for org  0.200.20 
Reportable compensation from org  $0.00$0.00 
Other comp, non-reportable, from org and related orgs  $0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00 
Average hours per week working for related orgs  20.0020.00 
Hegman, John
Title  ASSISTANT TREASURERASSISTANT TREASURERASSISTANT TREASURER
Name of key/compensated person  JOHN P HEGMANJOHN P HEGMANJOHN P HEGMAN
Position of compensated person
Current officer  TrueTrueTrue
Average hours per week working for org  0.200.2040.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $42,085.00$41,970.00$41,090.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $169,351.00$137,412.00$137,450.00
Average hours per week working for related orgs  40.0040.00 
Hudson, Lea
Title  ASSISTANT SECRETARYASSISTANT SECRETARYASSISTANT SECRETARY
Name of key/compensated person  LEA ANN HUDSONLEA ANN HUDSONLEA ANN HUDSON
Position of compensated person
Current officer  TrueTrueTrue
Average hours per week working for org  0.200.2040.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $12,386.00$11,641.00$12,965.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $84,272.00$71,187.00$69,784.00
Average hours per week working for related orgs  40.0040.00 
Kiss, Elizabeth
Title  TRUSTEETRUSTEETRUSTEE
Name of key/compensated person  ELIZABETH KISSELIZABETH KISSELIZABETH KISS
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  0.200.2040.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $49,151.00$48,624.00$47,808.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $261,535.00$246,090.00$245,955.00
Average hours per week working for related orgs  40.0040.00 
Kuykendall, Nancy
Title    TRUSTEE & SECRETARY
Name of key/compensated person    NANCY M KUYKENDALL
Position of compensated person
Current individual trustee or director    True
Current officer    True
Average hours per week working for org    20.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Tuggle, Clyde
Title  TRUSTEETRUSTEETRUSTEE
Name of key/compensated person  CLYDE C TUGGLECLYDE C TUGGLECLYDE C TUGGLE
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  0.200.2020.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Average hours per week working for related orgs  20.0020.00 
Purpose: mission, activities, & accomplishments
Mission or significant activitiesCHARITABLE ORGANIZATION TO SUPPORT THE FURTHERANCE OF AGNES SCOTT COLLEGE'S EDUCATIONAL PURPOSES.CHARITABLE ORGANIZATION TO SUPPORT THE FURTHERANCE OF AGNES SCOTT COLLEGE'S EDUCATIONAL PURPOSES.CHARITABLE ORGANIZATION TO SUPPORT THE FURTHERANCE OF AGNES SCOTT COLLEGE'S EDUCATIONAL PURPOSES.CHARITABLE ORGANIZATION TO SUPPORT THE FURTHERANCE OF AGNES SCOTT COLLEGE'S EDUCATIONAL PURPOSES.CHARITABLE ORGANIZATION TO SUPPORT THE FURTHERANCE OF AGNES SCOTT COLLEGE'S EDUCATIONAL PURPOSES.
Program service expenses, total$400,444.00$418,411.00$420,688.00$451,193.00$545,482.00
Programs, including revenue & expenses
TO PROVIDE AFFORDABLE HOUSING FOR THE STUDENTS OF AGNES SCOTT COLLEGE.
Program expenses$400,444.00$418,411.00$420,688.00$451,193.00$545,482.00
Program revenue$196,749.00$206,130.00$213,025.00$232,461.00$846,379.00
Program descriptionTO PROVIDE AFFORDABLE HOUSING FOR THE STUDENTS OF AGNES SCOTT COLLEGE.TO PROVIDE AFFORDABLE HOUSING FOR THE STUDENTS OF AGNES SCOTT COLLEGE.TO PROVIDE AFFORDABLE HOUSING FOR THE STUDENTS OF AGNES SCOTT COLLEGE.TO PROVIDE AFFORDABLE HOUSING FOR THE STUDENTS OF AGNES SCOTT COLLEGE.TO PROVIDE AFFORDABLE HOUSING FOR THE STUDENTS OF AGNES SCOTT COLLEGE.
Financial data
Revenue
Total revenue$459,954.00$457,754.00$459,524.00$455,582.00$474,776.00
Revenue from contributions (total) $0.00$0.00$0.00$0.00
Investment income, current yr$0.00$0.00$0.00$0.00$0.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$459,954.00$457,754.00$459,524.00$455,582.00$474,776.00
Net unrelated business taxable revenue$0.00$0.00$0.00$0.00$0.00
Program service revenue (total) $0.00$0.00$0.00$0.00
Gross receipts$1,396,097.00$1,386,922.00$1,367,005.00$1,339,840.00$1,335,472.00
Other types of revenue
Net rental income$459,954.00$457,754.00$459,524.00$455,582.00$474,776.00
Expense categories (totals)
Total functional expenses: sum of all$0.00$0.00$0.00$0.00$0.00
Total functional expenses: program service $0.00$0.00$0.00$0.00$0.00
Total functional expenses: management and general$0.00$0.00$0.00$0.00$0.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$2,660,694.00$2,963,580.00$3,263,396.00$3,587,020.00$3,917,192.00
Total assets, beginning of year$2,963,578.00$3,263,396.00$3,587,020.00$3,917,192.00$4,156,197.00
Total liabilities$436,853.00$1,199,691.00$1,957,261.00$2,740,409.00$3,526,163.00
Total liabilities, beginning of year$1,199,691.00$1,957,261.00$2,740,409.00$3,526,163.00$4,239,944.00
Unrestricted net assets, end of yr$2,223,841.00$1,763,889.00$1,306,135.00$846,611.00$391,029.00
Net assets$2,223,841.00$1,763,889.00$1,306,135.00$846,611.00$391,029.00
Net assets, beginning of year$1,763,887.00$1,306,135.00$846,611.00$391,029.00-$83,747.00
Other liabilities$269,345.00$1,049,205.00$1,813,184.00$2,596,846.00$3,315,625.00
Cash: non-interest bearing$176,821.00$168,381.00$150,727.00$156,882.00$224,993.00
Cash: non-interest bearing, beginning of year$168,379.00$150,727.00$156,882.00$224,993.00$167,115.00
Escrow or custodial account liability$22,108.00$21,558.00$20,755.00$16,923.00$13,148.00
Other financial variables
Revenue less expenses$459,954.00$457,754.00$459,524.00$455,582.00$474,776.00
Accounts payable & accrued expenses$145,400.00$128,928.00$123,322.00$126,640.00$197,390.00
Total net assets or fund balances$2,223,841.00$1,763,889.00$1,306,135.00$846,611.00$391,029.00
Governance and accountability
Number of voting members55555
Number of independent voting members54444
Financial sheets auditedTrueTrueTrueTrueTrue
Audit on consolidated basisTrueTrueTrueTrue 
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2015-07-012014-07-012013-07-012012-07-012011-07-01
Tax year end date2016-06-012015-06-012014-06-012013-06-012012-06-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2017-09-112016-08-032015-08-202014-07-022013-04-08
IRS schema version2015v3.02014v6.02013v4.02012v2.12011v1.5
Filing identifier201741359349313924201611379349308246201511359349304236201441359349307324201340819349300329
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