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University Of Louisville Real Estate Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 472373203 ✦ Louisville, KY ✦ Designated as a 501(c)(3)

Overview

What is University Of Louisville Real Estate Foundation Inc?

University of Louisville Real Estate Foundation Inc is a nonprofit organization located at 215 Central Ave STE 212, Louisville, KY, 40208. Their primary mission is to manage and leverage real and personal property for the benefit of the University of Louisville. They are responsible for acquiring, maintaining, improving, and conveying property, as stated in their paraphrased description: "to acquire, maintain, improve, leverage, manage, lease, and convey property" for the university. By doing so, the foundation ensures the university has the necessary resources to thrive.


Is University Of Louisville Real Estate Foundation Inc legitimate?

University Of Louisville Real Estate Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Louisville Real Estate Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of University Of Louisville Real Estate Foundation Inc?
Who is the CEO of University Of Louisville Real Estate Foundation Inc?
What is the revenue of University Of Louisville Real Estate Foundation Inc?
Who are the executives of University Of Louisville Real Estate Foundation Inc and what are their salaries?
Where can I find the form 990 for University Of Louisville Real Estate Foundation Inc?

Mission Statement of University Of Louisville Real Estate Foundation Inc

University of Louisville Real Estate Foundation Inc is a nonprofit organization dedicated to acquiring, maintaining, improving, leveraging, managing, leasing, and conveying real and personal property for the benefit of the University of Louisville. The foundation's mission is to utilize its real estate assets to support the University's needs, with the ultimate goal of enhancing its capabilities and offerings.

By managing and conveying property for the University, the University of Louisville Real Estate Foundation Inc plays a crucial role in ensuring the institution has access to the necessary resources to thrive. These assets may be used directly by the University or leased to generate revenue, which can then be reinvested back into the organization to further its mission. The foundation's involvement in various real estate transactions and property management helps secure a stable financial future for the University.

In essence, the University of Louisville Real Estate Foundation Inc acts as a dedicated partner to the University, leveraging its expertise in real estate to maximize the benefits for the institution. Through its various activities, the foundation enables the University to focus on its core academic and research pursuits, while it manages the property-related aspects to ensure long-term success.

Impact

This information is meant to be a general summary of University Of Louisville Real Estate Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

The University of Louisville Real Estate Foundation Inc plays a crucial role in supporting the growth and development of the University of Louisville through the acquisition, maintenance, improvement, leverage, management, leasing, and conveyance of real and personal property. By strategically managing these assets, the foundation contributes to the enhancement and expansion of the university's facilities and resources, ultimately benefiting the University of Louisville community.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $500,000
  • Program Service Revenue: $14,913,832
  • Gross Receipts: $30,989,906

    • Assets and Liabilities:
  • Total Assets: $163,989,545
  • Total Liabilities: $66,862,929
  • Net Assets: $97,126,616
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL INCOME

    Revenue

    $14,913,832

    Organization Details

    Founding Year

    2014

    Principal Officer

    Keith Sherman

    Main Address

    215 CENTRAL AVE STE 212, LOUISVILLE, KY, 40208

    NTEE Category

    Code: T30 - Philanthropy

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