Overview
What is Uw-Platteville Real Estate Foundation Inc?
Uw-Platteville Real Estate Foundation Inc is a nonprofit organization situated in Platteville, Wisconsin, with a single employee. Their primary mission is to engage in various real estate activities, including acquisition, leasing, development, operation, management, and sale, to support the aims of the Uw-Platteville Foundation, Inc. Notably, they oversaw the development of two residence halls, Rountree Commons and Bridgeway Commons, which were put into use in 2012 and 2013, respectively. After construction, daily operations for Rountree Commons were handled by a third party, while the University of Wisconsin - Platteville now manages Bridgeway Commons. The foundation's real estate endeavors contribute to furthering the objectives of the Uw-Platteville Foundation, Inc.
Is Uw-Platteville Real Estate Foundation Inc legitimate?
Uw-Platteville Real Estate Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Uw-Platteville 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $26,652
Professional Fundraising Fees: $0
Other Salaries and Wages: $278,473
For more financial information, click here
What is the mission statement of Uw-Platteville Real Estate Foundation Inc?
The UW-Platteville Real Estate Foundation Inc's mission is to engage in various real estate activities, such as acquisition, lease, operation, and sale, to support the objectives of the UW-Platteville Foundation Inc. This foundation has played a significant role in the development of two residence halls, Rountree Commons and Bridgeway Commons. After completion, the daily operations of Rountree Commons were handed over to a third-party manager, while Bridgeway Commons was leased to the University of Wisconsin - Platteville, with the university managing its day-to-day operations. The foundation's real estate dealings ultimately contribute to furthering the purposes of the UW-Platteville Foundation Inc.
Who is the CEO of Uw-Platteville Real Estate Foundation Inc?
John Boldt is the President of Uw-Platteville Real Estate Foundation Inc.
What is the revenue of Uw-Platteville Real Estate Foundation Inc?
Uw-Platteville Real Estate Foundation Inc's revenue in 2022 was $5,901,983.
Who are the executives of Uw-Platteville Real Estate Foundation Inc and what are their salaries?
The average compensation at Uw-Platteville Real Estate Foundation Inc during 2022 was $305,125. There is 1 employee and 6 volunteers at Uw-Platteville Real Estate Foundation Inc.
Here are 7 key members and their salaries:
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- Compensation: $21,260
- Related: $0
- Other: $3,005
Where can I find the form 990 for Uw-Platteville Real Estate Foundation Inc?
Uw-Platteville Real Estate Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Uw-Platteville Real Estate Foundation Inc
Uw-Platteville Real Estate Foundation Inc's mission revolves around managing real estate to further the objectives of the Uw-Platteville Foundation Inc. This nonprofit organization is tasked with accepting, acquiring, leasing, holding, developing, operating, managing, selling, transferring, and dealing in real estate for this purpose.
In practical terms, Uw-Platteville Real Estate Foundation Inc has been instrumental in the development and management of residential halls on the university campus. This is evident in the completion of Rountree Commons in 2012, which was put into use at the end of the same year. The foundation then contracted a third party to manage the daily operations of the residence hall after construction was completed. The following year, in 2013, another residence hall, Bridgeway Commons, was constructed and put into use. Uw-Platteville Real Estate Foundation Inc leased Bridgeway Commons to the University of Wisconson - Platteville, and all daily operations of the residence hall are now managed by the university.
In summary, Uw-Platteville Real Estate Foundation Inc serves a crucial role in the university community by managing real estate for the advancement of the Uw-Platteville Foundation Inc's objectives. Through the development and management of residential halls like Rountree Commons and Bridgeway Commons, the foundation contributes to the university's living and learning environment, making it an essential partner in the educational journey of students at the University of Wisconson - Platteville.
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Impact
October, 2024
Uw-Platteville Real Estate Foundation Inc significantly contributes to the advancement of educational facilities within the University of Wisconsin-Platteville community. By managing the development and operations of key residential projects, such as Rountree Commons and Bridgeway Commons, the Foundation enhances the living environment for students.
Rountree Commons, operational since August 2012, provides modern housing options that support student life and academic success. Following its construction, a third-party management company was engaged to oversee daily operations, ensuring high standards of living for residents.
In addition, the Foundation's development of Bridgeway Commons, which opened in August 2013, highlights its commitment to meeting the growing demands of the university's housing needs. By leasing this facility to the university, the Foundation ensures that it remains an integral part of the campus infrastructure, with the university managing daily operations and fostering a supportive community for students.
Overall, the Foundation’s initiatives not only address housing shortages but also contribute to a vibrant educational setting, allowing students to thrive in a conducive environment.
This information is meant to be a general summary of Uw-Platteville Real Estate Foundation Inc. 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: $106,793
- Program Service Revenue: $5,619,529
- Gross Receipts: $8,365,879
Assets and Liabilities:
- Total Assets: $45,856,338
- Total Liabilities: $43,581,360
- Net Assets: $2,274,978
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$5,619,529
Organization Details
Founding Year
2011
Phone
(608) 330-1342Principal Officer
John Boldt
Main Address
190 MARKET STREET, PLATTEVILLE, WI, 53818
NTEE Category
Code: B90 - Education
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