Virginia Tech Real Estate Foundation Inc

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

EIN: 541528809 ✦ Blacksburg, VA ✦ Designated as a 501(c)(3)

Overview

What is Virginia Tech Real Estate Foundation Inc?

Virginia Tech Real Estate Foundation Inc is a nonprofit organization based in Blacksburg, Virginia, with the USAddress at 902 Prices Fork Rd 4000. The primary focus of this foundation is to oversee the ownership, development, and operation of various properties in support of Virginia Tech and the Virginia Tech Foundation. The organization's mission is to engage in any matters related to specific real estate for the benefit of Virginia Tech. The Virginia Tech Real Estate Foundation was established solely to serve the interests of Virginia Tech and the Virginia Tech Foundation, ensuring their growth and development through real estate endeavors.


Is Virginia Tech Real Estate Foundation Inc legitimate?

Virginia Tech Real Estate Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Tech 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: $375,083

For more financial information, click here


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

Mission Statement of Virginia Tech Real Estate Foundation Inc

Virginia Tech Real Estate Foundation, Inc. (VTREF) is a nonprofit organization devoted to matters pertaining to certain real property, working in the best interest of Virginia Polytechnic Institute and State University (Virginia Tech) and Virginia Tech Foundation, Inc. The Foundation's primary mission is to engage in activities concerning the ownership, development, and operation of various properties to benefit the university.

VTREF's work encompasses a wide range of responsibilities, all with the ultimate goal of supporting Virginia Tech. By managing and overseeing real estate holdings, the Foundation contributes significantly to the university's growth and success. The organization's activities extend beyond simple property management, ensuring the development and operation of properties that contribute positively to the university community. In doing so, VTREF plays a crucial role in furthering the mission and goals of Virginia Tech.

In summary, the Virginia Tech Real Estate Foundation, Inc. serves as a key partner to Virginia Tech and Virginia Tech Foundation, Inc. by handling various real estate matters aimed at benefiting the university. Through its expertise in property ownership, development, and operation, VTREF fosters growth and supports the ongoing success of Virginia Tech.

Impact

This information is meant to be a general summary of Virginia Tech 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

Virginia Tech Real Estate Foundation Inc's impact lies in its dedicated efforts to support Virginia Polytechnic Institute and State University (Virginia Tech) through the ownership, development, and operation of various properties. By engaging in activities related to real property for the benefit of the university, VTREF plays a crucial role in enhancing the infrastructure and resources available to Virginia Tech. This support ultimately contributes to the overall advancement of education and research initiatives at the university, bolstering its mission to excel in academic excellence and innovation.





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: $137,751
  • Program Service Revenue: $14,397,794
  • Gross Receipts: $14,535,545

    • Assets and Liabilities:
  • Total Assets: $287,318,402
  • Total Liabilities: $206,382,220
  • Net Assets: $80,936,182
  • Programs

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

    NORTH END CENTER

    Revenue

    $4,768,238

    VIRGINIA TECH RESEARCH CENTER

    Revenue

    $4,328,850

    HOTEL ROANOKE

    Revenue

    $3,152,278

    UNIVERSITY GATEWAY CENTER

    Revenue

    $1,620,855

    OTHER PROGRAM SERVICE REVENUE

    Revenue

    $527,573

    Organization Details

    Founding Year

    1989

    Principal Officer

    Elizabeth A Mcclanahan

    Main Address

    902 PRICES FORK RD 4000, BLACKSBURG, VA, 24061

    NTEE Category

    Code: B00 - Education

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