Overview
What is Minnesota Real Estate Foundation?
The Minnesota Real Estate Foundation, affiliated with CommunityGiving, is a supporting entity that primarily aids in facilitating the charitable donation of real estate from individuals and entities. Based in St. Cloud, Minnesota, the foundation's objective is to benefit CommunityGiving and various nonprofits within the state. They accomplish this by offering presentations to boards and committees and providing consultation services to complete real estate transactions. Beyond assisting traditional nonprofit organizations, they also offer their services to state colleges, private colleges, and city governments, thereby contributing to community development. In essence, the Minnesota Real Estate Foundation's mission is to build community by simplifying and facilitating the gift of real estate.
Official website here: www.communitygiving.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (57%)
The Minnesota Real Estate Foundation has received a one-star rating from Charity Navigator, reflecting a 57% score primarily based on Accountability & Finance metrics. The rating indicates significant concerns regarding the organization’s financial management, particularly its program expense ratio, which is reported as 0%. This suggests that the foundation is not allocating any resources toward its intended programs, which raises questions about its effectiveness and operational priorities.
Despite the low overall score, the foundation does exhibit some strengths in governance. It boasts a fully independent board, scoring full points in categories such as board size and the presence of various policies, including conflict of interest and whistleblower protections. These elements suggest a commitment to ethical oversight and accountability in governance practices.
However, the critical issue lies in its financial allocations toward programs, which is a significant drawback in the eyes of evaluators. With 82.46% of its assets in liabilities and no reported program expenses, the foundation may struggle to demonstrate its impact or justify its operational costs. Without increased investment in programmatic initiatives, the foundation risks undermining its mission and trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Minnesota Real Estate Foundation legitimate?
Minnesota Real Estate Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota Real Estate Foundation 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.
Heare 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
Official website here: www.communitygiving.org
What is the mission statement of Minnesota Real Estate Foundation?
The Minnesota Real Estate Foundation, functioning as a supporting entity for CommunityGiving, is dedicated to building community by simplifying and facilitating the charitable gifting of real estate. This foundation aids individuals and other entities in donating their real estate assets to CommunityGiving and various nonprofit organizations in Minnesota. They accomplish this by offering presentations to board and committee members, providing consultations, and assisting in the completion of real estate transactions. Additionally, the Minnesota Real Estate Foundation extends its services to state and private colleges, as well as city governments.
Official website here: www.communitygiving.org
Who is the CEO of Minnesota Real Estate Foundation?
Steven Joul is the CEO of Minnesota Real Estate Foundation The CEO's salary of Minnesota Real Estate Foundation is $0 and their total compensation is $257,476.
Official website here: www.communitygiving.org
What is the revenue of Minnesota Real Estate Foundation?
Minnesota Real Estate Foundation's revenue in 2024 was $5,051.
Official website here: www.communitygiving.org
Who are the executives of Minnesota Real Estate Foundation and what are their salaries?
There 40 volunteers at Minnesota Real Estate Foundation.
Here are 10 key members and their salaries (Minnesota Real Estate Foundation's CEO's salary is $0 and their total compensation is $257,476):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $235,923
- Other: $21,553
- Compensation: $0
- Related: $128,607
- Other: $12,105
- Compensation: $0
- Related: $146,865
- Other: $12,425
- Compensation: $0
- Related: $124,645
- Other: $47,552
Official website here: www.communitygiving.org
Where can I find the form 990 for Minnesota Real Estate Foundation?
Minnesota Real Estate Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.communitygiving.org
Learn more at the official website: www.communitygiving.org
Mission Statement of Minnesota Real Estate Foundation
The Minnesota Real Estate Foundation, a supporting entity of CommunityGiving, is dedicated to building community by simplifying and facilitating the charitable gifting of real estate. This nonprofit organization aims to assist individuals and other entities in donating their real estate holdings to CommunityGiving and various other nonprofits in the state of Minnesota. The Minnesota Real Estate Foundation accomplishes this mission by offering presentations to boards and committees, as well as providing consultations to help complete real estate transactions. Beyond traditional nonprofit organizations, the foundation extends its services to state and private colleges, as well as city governments.
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Impact
October, 2024
The Minnesota Real Estate Foundation significantly impacts communities by simplifying and facilitating the charitable gifting of real estate. By enabling individuals and organizations to donate properties, the Foundation enhances the capacity of various charitable entities, including local foundations, state and private colleges, and city governments across Minnesota.
Through its efforts, the Foundation not only assists in the financial support that fuels community initiatives, but also provides essential guidance and consultation to organizations navigating real estate transactions. This support includes presentations to boards and committees, which empowers these entities to effectively utilize real estate assets for the greater good. Ultimately, the Foundation fosters a culture of philanthropy and civic engagement that strengthens community ties and enhances the welfare of individuals and groups throughout the state.
This information is meant to be a general summary of Minnesota Real Estate Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Gross Receipts: $5,051
Assets and Liabilities:
- Total Assets: $601,672
- Total Liabilities: $496,152
- Net Assets: $105,520
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Organization Details
Founding Year
2003
Principal Officer
Steven Joul
Website
www.communitygiving.orgNTEE Category
Code: T30 - Philanthropy
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