Overview
What is Real Estate Charitable Foundation?
The Real Estate Charitable Foundation serves as a supporting organization within the Greater Kansas City Community Foundation, primarily facilitating charitable gifts of real property. By evaluating, marketing, and selling donated properties, the foundation converts these assets into funds within the Greater Kansas City Community Foundation. Donors can then distribute these funds to their preferred nonprofit organizations. Established with the mission to accept donations of real estate and complex assets, the Real Estate Charitable Foundation simplifies the charitable giving process for property owners, ultimately benefiting various nonprofit organizations in Kansas City, Missouri.
Is Real Estate Charitable Foundation legitimate?
Real Estate Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Real Estate Charitable 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
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What is the mission statement of Real Estate Charitable Foundation?
The Real Estate Charitable Foundation was established with a mission to facilitate and accept charitable donations of real estate and complex assets. Located as a supporting organization under the Greater Kansas City Community Foundation, its primary function is to make the process of charitable giving of real property easier for donors. This is achieved by evaluating, marketing, and selling the property for charitable purposes. The sale proceeds are then deposited into a charitable fund at the Greater Kansas City Community Foundation, allowing donors to grant the proceeds to their preferred nonprofit organizations. In essence, the Real Estate Charitable Foundation serves as a bridge between donors and their chosen charities, making it possible for them to contribute significant assets to their causes of choice.
Who is the CEO of Real Estate Charitable Foundation?
Corey Ziegler is the Executive Director of Real Estate Charitable Foundation.
What is the revenue of Real Estate Charitable Foundation?
Real Estate Charitable Foundation's revenue in 2022 was $308,737.
Who are the executives of Real Estate Charitable Foundation and what are their salaries?
There 6 volunteers at Real Estate Charitable Foundation.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $250,246
- Other: $34,008
- Compensation: $0
- Related: $231,011
- Other: $20,536
- 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
Where can I find the form 990 for Real Estate Charitable Foundation?
Real Estate Charitable Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Real Estate Charitable Foundation
The Real Estate Charitable Foundation is a supporting organization, established within the broader framework of the Greater Kansas City Community Foundation. Its primary mission is to facilitate and accept charitable gifts of real property from donors. Established with the purpose of accepting donations of real estate and complex assets, the foundation's role is to make it convenient for donors to make charitable contributions of real property. The foundation evaluates, markets, and sells the property for charitable purposes. The sale proceeds are then deposited into a charitable fund at the Greater Kansas City Community Foundation. Donors can subsequently grant these proceeds to nonprofit organizations. The Real Estate Charitable Foundation serves as a bridge, enabling individuals to make significant charitable contributions while simplifying the process of donating real property.
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Impact
October, 2024
The Real Estate Charitable Foundation significantly enhances philanthropic efforts by simplifying the process of donating real property. By evaluating, marketing, and selling donated properties, it transforms complex assets into valuable resources for charitable causes. The proceeds from these sales are directed into charitable funds at the Greater Kansas City Community Foundation, allowing donors to easily allocate their contributions to a variety of organizations.
This streamlined approach not only encourages more individuals to consider real estate as a viable form of charitable giving but also amplifies the impact of these donations. By making it easier for donors to navigate the intricacies of real estate contributions, the foundation plays a crucial role in generating substantial financial support for numerous community initiatives and organizations across Kansas City.
This information is meant to be a general summary of Real Estate Charitable 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: -$183,426
- Program Service Revenue: $492,163
- Gross Receipts: $7,402,209
Assets and Liabilities:
- Total Assets: $40,630,228
- Total Liabilities: $1,164,922
- Net Assets: $39,465,306
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$492,163
Organization Details
Founding Year
2004
Phone
(816) 842-0944Principal Officer
Corey Ziegler
Main Address
1055 BROADWAY BLVD STE 130, KANSAS CITY, MO, 64105
NTEE Category
Code: T113 - Philanthropy
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