2024-11-05T13:38:51-08:00 2024-06-30 721111438 Martin & Pellegrin CPA's PC 103 Ramey Road Houma LA 70360 990 2023-07-01 202836756 NSU Facilities Corporation NSUF 9854484066 101 St Louis St Thibodaux LA 70301 Joseph Kolwe Chairman 9854484066 2024-11-05 true true Richard C Martin P00227847 9858513638 2024-11-05 2023 2024-10-15 13:58:12Z Joseph Kolwe 101 St Louis St Thibodaux LA 70301 6456930 false X N/A X 2002 LA To promote, assist, and benefit the mission of NSU through the acquisition, construction, development, management, leasing as lessor or lessee, mortgaging and/or conveying student housing facilities as well as other buildings and improvements on the campus of the University. 5 5 0 0 0 0 0 5772465 5905615 333485 551315 0 6105950 6456930 0 0 0 0 0 6116506 5628453 6116506 5628453 -10556 828477 42976013 41206685 52694432 49262627 -9718419 -8055942 To promote, assist, and benefit the mission of NSU through the acquisition, construction, development, management, leasing as lessor or lessee, mortgaging and/or conveying student housing facilities as well as other buildings and improvements on the campus of the University. false false 5608753 0 5905615 To promote, assist, and benefit the mission of Nicholls State University through the acquisition, construction, development, management, leasing as lessor or lessee, mortgaging and/or conveying student housing facilities as well as other buildings and improvements on the campus of the University. 5608753 true false false false false false false false false false true false false false false true true false false false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false X 5 5 false false false false true true false true false false false true false false false false false false X Stephanie Lee CPA 9854460994 901 Ridgefield Rd Thibodaux LA 70301 X Joseph Kolwe Chairperson 1.00 X X 0 0 0 Henry J Lafont Jr Vice-Chairperson 1.00 X X 0 0 0 Jerry Ledet Secretary/Treasurer 1.00 X X 0 0 0 Michele Caruso Board Member 1.00 X 0 0 0 Terry P Braud Jr Board Member 1.00 X 0 0 0 false false false Lease Income 531110 5905615 0 0 5905615 551315 0 551315 6456930 5905615 0 551315 19700 0 19700 0 12000 12000 0 0 2248002 2248002 0 0 3056277 3056277 0 0 Repairs and maintenance 120145 120145 0 0 Bond discounts, bond issuance costs, and premiums 166679 166679 0 0 Bank fees 5650 5650 0 0 5628453 5608753 19700 0 0 0 5158659 5917866 0 0 35424 43098 0 0 0 0 0 0 0 0 0 0 80846142 50924610 32768157 29921532 4566000 4828276 0 0 0 0 0 0 447773 495913 42976013 41206685 262077 275668 0 0 4672917 4341708 41955635 39949742 0 0 0 0 5686812 4585384 116991 110125 52694432 49262627 X -9718419 -8055942 0 0 -9718419 -8055942 42976013 41206685 X 828477 834000 X X false true X true false X 0 5924471 5665152 5946137 5772465 5905615 29213840 0 0 5924471 5665152 5946137 5772465 5905615 29213840 0 29213840 78551 809 2743 333485 551315 966903 0 0 30180743 0.96800 0.98170 X 0 0 0 false false 0 0 70921020 43191166 27729854 7019698 4989864 2029834 2905424 2743580 161844 29921532 Unamortized Swap Interest 110125 110125 X 7290930 834000 834000 6456930 6456930 5628453 5628453 5628453 Pt X, Line 2 Accounting principles generally accepted in the United States of America provide accounting and disclosure guidance about positions taken by an entity in its tax returns that might be uncertain. The Corporation believes it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. Pt XI, Line 2d Unrealized gain on interest rate swap in the amount of $834,000. A LA Local Govt Env Facilities and Comm Dev Auth 721416168 546279H94 2007-08-23 49733948 Acquisition and construction false false false B LA Local Govt Env Facilities and Comm Dev Auth 721416168 xxxxxxxxx 2016-02-16 1975000 Refinance 2006 bonds false false false C LA Local Govt Env Facilities and Comm Dev Auth 721416168 xxxxxxxxx 2017-12-08 10605000 Refinance 2007A bonds false false false D LA Local Govt Env Facilities and Comm Dev Auth 721416168 54628CTJ1 2021-03-01 8415000 Refinance 2010 bonds false false false A 17680000 49733948 3281090 908935 953067 44514409 false false true true B 1750000 1975000 39500 true false true true C 10605000 10605000 true false true true D 795000 8415000 598500 122286 true false true true A false false false false 0.00000 0.00000 0.00000 false false 0.00000 false B false false false false 0.00000 0.00000 0.00000 false false 0.00000 false C false false false false 0.00000 0.00000 0.00000 false false 0.00000 false D false false false false 0.00000 0.00000 0.00000 false false 0.00000 false A false true true Morgan Keegan Fin 0.219000000000 false false false 0.000000000000 false false B false false false 0.000000000000 false 0.000000000000 false false C false false false 0.000000000000 false 0.000000000000 false false D false false false 0.000000000000 false 0.000000000000 false false A false B false C false D false Other Part IV, 4b, under Column A - Original provider of swap agreement was Morgan Keegan Financial Products, Inc. Upon remarketing, the original provider assigned its rights to Deutsche Bank AG, New York Branch (replacement provider). Pt VI, Line 8b There are no committees with authority to act on behalf of the governing body. Pt VI, Line 11b Form 990 is distributed to board members by e-mail prior to filing. Pt VI, Line 15a The Corporation has no employees, and all board members serve as volunteers with no compensation. Pt VI, Line 15b The Corporation has no employees, and all board members serve as volunteers with no compensation. Pt VI, Line 19 Information is made available to the public upon request. Pt XI Line 9 is the sum of an unrealized gain on interest rate swap in the amount of $834,000, providing a $834,000 increase in net assets. Pt XII, Line 2c No change from prior year. Pt VI, Line 6 The Corporation has 5 board members. Pt VI, Line 7a Board members can elect other members to the Board. Pt VI, Line 7b Decisions are voted on by the board members. Nicholls State University Post Office Box 2052 Thibodaux LA 70310 726011797 Education LA 501(c)(3) Line_2_Schoo NA false false false false false false false false false false true false false false false false false false false false Nicholls State University J 5905615 Actual Cost