2025-11-13T05:57:06-08:00 2025-06-30 721111438 Martin & Pellegrin CPA's PC 103 Ramey Road Houma LA 70360 990 2024-07-01 202836756 NSU Facilities Corporation NSUF 9854484066 101 St Louis St Thibodaux LA 70301 Joseph Kolwe Chairman 9854484066 2025-11-12 true true Richard C Martin P00227847 9858513638 2025-11-13 2024 2025-03-06 01:10:19Z Joseph Kolwe 101 St Louis St Thibodaux LA 70301 5847291 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 5905615 5472955 551315 374336 0 6456930 5847291 0 0 0 0 0 5628453 4630535 5628453 4630535 828477 1216756 41206685 35885090 49262627 44513566 -8055942 -8628476 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 4607486 0 5472955 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. 4607486 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 true 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 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 0 0 0 true false false Lease Income 531110 5472955 0 0 5472955 374336 0 374336 5847291 5472955 0 374336 20050 0 20050 0 4500 4500 0 0 2097119 2097119 0 0 2133902 2133902 0 0 Repairs and maintenance 349064 349064 0 0 Bond discounts, bond issuance costs, and premiums 17251 17251 0 0 Bank fees 5650 5650 0 0 Equipment 2999 0 2999 0 4630535 4607486 23049 0 0 0 5917866 6231390 0 0 43098 22808 0 0 0 0 0 0 0 0 0 0 81297613 53058512 29921532 28239101 4828276 730577 0 0 0 0 0 0 495913 661214 41206685 35885090 275668 314469 0 0 4341708 4073246 39949742 38575896 0 0 4585384 1549955 110125 0 49262627 44513566 X -8055942 -8628476 0 0 -8055942 -8628476 41206685 35885090 X 1216756 -1789290 X X false true X true false X 0 5665152 5946137 5772465 5905615 5472955 28762324 0 0 5665152 5946137 5772465 5905615 5472955 28762324 0 28762324 809 2743 333485 551315 374336 1262688 0 0 30025012 0.95790 0.96800 X 0 0 0 X 0 0 70921020 44802435 26118585 7324462 5336651 1987811 146707 14028 132679 2905424 2905398 26 28239101 Unamortized Swap Interest 0 0 X 5847291 5847291 5847291 6419825 1789290 1789290 4630535 4630535 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 XII, Line 2d Loss on interest rate swap in the amount of $1,081,500 and loss on refinance of $707,790. false false false false false false false false false Joseph Kolwe 0 0 0 0 0 0 0 0 0 0 0 0 0 0 A LA Local Govt Env Facilities and Comm Dev Auth 721416168 546279H94 2007-08-23 49733948 Acquisition and construction true false false B LA Local Govt Env Facilities and Comm Dev Auth 721416168 xxxxxxxxx 2016-02-16 1975000 Refinance 2006 bonds true false false C LA Local Govt Env Facilities and Comm Dev Auth 721416168 54628CTJ1 2021-03-01 8415000 Refinance 2010 bonds false false false D LA Local Govt Env Facilities and Comm Dev Auth 721416168 xxxxxxxxx 2024-10-03 32860000 Refund and redeem 2007B bonds false false false A 49733948 49733948 0 824192 953067 45043283 2913406 2024 false false true true B 1975000 1975000 0 61767 0 2024 true false true true C 1090000 8415000 2959065 48699 146707 true false true true D 1700000 32860000 3006870 22752 304764 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 a loss on interest rate swap in the amount of $1,081,500 and a loss on refinance in the amount of $707,790, providing a $1,789,290 decrease in net assets. Pt XII, Line 2c No change from prior year. Pt VI, Line 6 The Corporation had 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 5472955 Actual Cost