Overview
What is Longwood University Real Estate Foundation?
Longwood University Real Estate Foundation is a nonprofit organization situated in Farmville, Virginia, with the address 315 West Third Street. Their primary focus is to support Longwood University by managing and developing real estate assets and interests. This includes the acquisition, financing, leasing, holding, operation, management, and disposal of various real estate properties. The mission of the foundation is geared towards enhancing Longwood University's capabilities by acquiring, developing, and managing real estate assets effectively. With a team of eleven dedicated employees, the foundation plays a significant role in furthering the goals of Longwood University through its real estate endeavors.
Official website here: www.longwood.edu/realestatefoundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Longwood University Real Estate Foundation has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in various accountability and financial practices. With an overall score of 65%, the organization shows strengths in areas such as financial oversight and program expense ratio, but lacks independent board members, which is crucial for transparency and governance.
While the foundation has established policies for conflict of interest and maintains proper financial statements, it falls short in areas like whistleblower protections and document retention practices. Additionally, the absence of a tax form on their website raises concerns regarding public transparency and accessibility of information.
Overall, the foundation demonstrates some positive practices, but significant gaps in governance and accountability policies highlight the need for reform to enhance its credibility and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Longwood University Real Estate Foundation legitimate?
Longwood University Real Estate Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Longwood University 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: $109,330
Professional Fundraising Fees: $0
Other Salaries and Wages: $166,944
For more financial information, click here
Official website here: www.longwood.edu/realestatefoundation
What is the mission statement of Longwood University Real Estate Foundation?
The Longwood University Real Estate Foundation operates with the goal of managing and developing real property assets on behalf of Longwood University. Their mission encompasses the acquisition, financing, leasing, holding, operation, management, and disposal of these assets. Through these activities, they contribute significantly to Longwood University by providing essential resources for its growth and development.
Official website here: www.longwood.edu/realestatefoundation
Who is the CEO of Longwood University Real Estate Foundation?
Lori Blackwood is the Executive Di of Longwood University Real Estate Foundation.
Official website here: www.longwood.edu/realestatefoundation
What is the revenue of Longwood University Real Estate Foundation?
Longwood University Real Estate Foundation's revenue in 2022 was $26,239,174.
Official website here: www.longwood.edu/realestatefoundation
Who are the executives of Longwood University Real Estate Foundation and what are their salaries?
The average compensation at Longwood University Real Estate Foundation during 2022 was $25,116. There are 11 employees at Longwood University Real Estate Foundation.
Here are 16 key members and their salaries:
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- Related: $80,162
- Other: $27,443
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- Other: $4,132
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Official website here: www.longwood.edu/realestatefoundation
Where can I find the form 990 for Longwood University Real Estate Foundation?
Longwood University Real Estate Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.longwood.edu/realestatefoundation
Learn more at the official website: www.longwood.edu/realestatefoundation
Mission Statement of Longwood University Real Estate Foundation
The Longwood University Real Estate Foundation is a dedicated entity that works towards acquiring, developing, financing, leasing, holding, operating, managing, and disposing of real property assets and interests on behalf of Longwood University. This mission encompasses various program activities, all geared towards the effective management of Longwood University's real estate portfolio.
In essence, the Longwood University Real Estate Foundation serves as the steward of the university's real estate ventures, ensuring their growth, sustainability, and profitability. Through these efforts, the foundation contributes significantly to Longwood University's overall financial well-being. The foundation's expertise lies in its ability to navigate the complex realm of real estate, from acquisition to disposal, with precision and success.
By managing Longwood University's real estate assets, the foundation plays a crucial role in supporting the university's academic, research, and operational initiatives. It does this by generating revenue through the lease of properties and the sale of assets, enabling the university to invest in its core mission and provide a top-tier education to its students. The Longwood University Real Estate Foundation's unwavering commitment to its mission ensures a strong and vibrant future for the university.
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Impact
October, 2024
The Longwood University Real Estate Foundation significantly contributes to the growth and sustainability of Longwood University by managing and optimizing its real property assets. Through the acquisition, development, financing, leasing, and management of these properties, the Foundation ensures that the university has the necessary facilities to support its educational mission.
This proactive approach not only enhances the physical campus environment but also provides financial resources that can be reinvested into academic programs and student services. By strategically managing real estate interests, the Foundation plays a crucial role in creating spaces that foster learning, collaboration, and innovation, ultimately enriching the academic experience for students and faculty alike.
Located in Farmville, Virginia, the Foundation's actions are essential for the long-term viability of the university, ensuring that it can adapt to changing educational demands and continue to serve its community effectively.
This information is meant to be a general summary of Longwood University 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 2022.
- Investment Income: $794,528
- Program Service Revenue: $24,714,768
- Gross Receipts: $28,442,525
Assets and Liabilities:
- Total Assets: $314,213,989
- Total Liabilities: $340,801,955
- Net Assets: -$26,587,966
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$23,512,912
OTHER PROGRAM REVENUE
Revenue
$1,076,962
PARKING
Revenue
$124,894
Organization Details
Founding Year
2004
Phone
(434) 395-2086Principal Officer
Lori Blackwood
Main Address
315 WEST THIRD STREET, FARMVILLE, VA, 23901
NTEE Category
Code: B90 - Education
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