Overview
What is William & Mary Real Estate Foundation?
The William & Mary Real Estate Foundation is a nonprofit entity based in Williamsburg, Virginia. Established with a primary focus on supporting the educational initiatives of the College of William and Mary, its core activity involves managing real estate investments. This includes the acquisition, holding, management, sale, leasing, and development of properties. The organization operates with a dedicated team of one individual, who works tirelessly to fulfill its mission of enhancing the educational goals of the college through real estate ventures.
Is William & Mary Real Estate Foundation legitimate?
William & Mary Real Estate Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. William & Mary 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: $203,622
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of William & Mary Real Estate Foundation?
The William & Mary Real Estate Foundation's mission is centered around acquiring, managing, leasing, and developing real estate properties. This is done with the primary objective of supporting the educational goals of the College of William and Mary in Virginia. The foundation's activities aim to generate revenue and resources for the college's programs and activities, thereby contributing to its overall growth and development.
Who is the CEO of William & Mary Real Estate Foundation?
Sean Hughes is the Chair of William & Mary Real Estate Foundation.
What is the revenue of William & Mary Real Estate Foundation?
William & Mary Real Estate Foundation's revenue in 2022 was $2,972,899.
Who are the executives of William & Mary Real Estate Foundation and what are their salaries?
The average compensation at William & Mary Real Estate Foundation during 2022 was $203,622. There is 1 employee at William & Mary Real Estate Foundation.
Here are 12 key members and their salaries:
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- Related: $352,660
- Other: $72,287
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- Related: $772,932
- Other: $60,082
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- Compensation: $124,870
- Related: $0
- Other: $37,041
Where can I find the form 990 for William & Mary Real Estate Foundation?
William & Mary Real Estate Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of William & Mary Real Estate Foundation
The William & Mary Real Estate Foundation is dedicated to achieving its mission by acquiring, managing, leasing, developing, and selling real estate properties. This mission is primarily aimed at supporting the educational objectives of the College of William & Mary in Virginia. The foundation's role in real estate management contributes to the advancement of various programs and activities at the college, ultimately benefiting its students and community.
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Impact
October, 2024
The William & Mary Real Estate Foundation significantly impacts the educational landscape by strategically managing real estate resources to support the College of William and Mary's mission. By acquiring, holding, managing, and developing real properties, the foundation enhances the college's capacity to provide quality programs and activities. This facilitation of real estate initiatives not only helps in addressing the institution's space and facility needs but also provides opportunities for growth and development that directly benefit students and faculty. Through its activities, the foundation plays a crucial role in fostering an environment conducive to academic excellence and innovation within the college community.
This information is meant to be a general summary of William & Mary 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: $304
- Program Service Revenue: $2,918,569
- Gross Receipts: $2,972,899
Assets and Liabilities:
- Total Assets: $31,984,626
- Total Liabilities: $16,596,970
- Net Assets: $15,387,656
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,918,569
Organization Details
Founding Year
2007
Phone
(757) 221-7805Principal Officer
Sean Hughes
Main Address
PO BOX 8795, WILLIAMSBURG, VA, 23187
NTEE Category
Code: B12 - Education
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