Overview
What is Blugold Real Estate Foundation Inc?
The Blugold Real Estate Foundation is a nonprofit organization that operates for charitable, educational, and scientific purposes, working in conjunction with the University of Wisconsin-Eau Claire Foundation and the University of Wisconsin-Eau Claire. Their key activities involve managing and dealing with real estate properties for the sole benefit of these institutions. They prioritize providing affordable student housing and creating affordable low-income housing projects, primarily for students, in compliance with the income limits established by the Federal Department of Housing and Urban Development under the National Housing Act of 1937. The organization's mission is to support the housing needs and university programs through its real estate endeavors.
Official website here: www.uwec.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Blugold Real Estate Foundation Inc has received an impressive Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and finance. This high score is solely based on their accountability and finance metrics, reflecting excellent practices in financial management and transparency. The organization has no reported material diversion of assets and adheres to policies regarding conflict of interest and whistleblower protections.
One of the foundation's notable strengths is its governance structure, with 100% of its board members being independent. This independence enhances the integrity of decision-making processes and ensures that the organization operates in the best interests of its mission. Their financial statements are audited, and they maintain a favorable liabilities to assets ratio, demonstrating sound financial health.
Despite the positive attributes, it's important for potential donors and stakeholders to remain vigilant and continuously evaluate any updates in the foundation's operational and financial practices. Overall, the Blugold Real Estate Foundation Inc is well-positioned as a responsible and transparent nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Blugold Real Estate Foundation Inc legitimate?
Blugold Real Estate Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Blugold 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.uwec.edu/foundation
What is the mission statement of Blugold Real Estate Foundation Inc?
The Blugold Real Estate Foundation is organized solely for charitable, educational, and scientific purposes, working in alignment with the University of Wisconsin-Eau Claire Foundation and the University of Wisconsin-Eau Claire. The primary activities of the foundation include dealing in real estate and operating, managing, and selling properties to provide affordable housing options, primarily for students, particularly those with low income, following the income limits set by the Federal Department of Housing and Urban Development under the National Housing Act of 1937. The Blugold Real Estate Foundation's mission is to utilize real estate transactions to support the University of Wisconsin-Eau Claire Foundation and the University of Wisconsin-Eau Claire while addressing the residential housing needs of the institutions.
Official website here: www.uwec.edu/foundation
Who is the CEO of Blugold Real Estate Foundation Inc?
Kimera M Way is the President/Chair of Blugold Real Estate Foundation Inc.
Official website here: www.uwec.edu/foundation
What is the revenue of Blugold Real Estate Foundation Inc?
Blugold Real Estate Foundation Inc's revenue in 2022 was $49,306,689.
Official website here: www.uwec.edu/foundation
Who are the executives of Blugold Real Estate Foundation Inc and what are their salaries?
There 7 volunteers at Blugold Real Estate Foundation Inc.
Here are 9 key members and their salaries:
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Official website here: www.uwec.edu/foundation
Where can I find the form 990 for Blugold Real Estate Foundation Inc?
Blugold Real Estate Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.uwec.edu/foundation
Learn more at the official website: www.uwec.edu/foundation
Mission Statement of Blugold Real Estate Foundation Inc
The Blugold Real Estate Foundation, a charitable organization, is dedicated to serving the University of Wisconsin-Eau Claire Foundation, Inc. and the University of Wisconsin-Eau Claire, primarily through real estate activities. Operating exclusively for charitable, educational, and scientific purposes, the Foundation develops, manages, and sells various properties to cater to residential housing needs and university programs.
Moreover, the Blugold Real Estate Foundation is committed to providing affordable housing options, with a focus on students, particularly those with low income. Aligned with the guidelines set by the Federal Department of Housing and Urban Development under the National Housing Act of 1937, the Foundation ensures its housing projects cater to income-eligible individuals. Through its efforts, the Foundation contributes significantly to the university community, offering suitable living spaces and supporting the educational institution's endeavors.
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Impact
October, 2024
Blugold Real Estate Foundation Inc significantly impacts the community by focusing on affordable housing solutions, particularly for students and low-income residents. By developing, managing, and renting properties, it addresses the critical need for accessible housing in Eau Claire, especially for those pursuing education at the University of Wisconsin-Eau Claire.
The foundation plays a vital role in ensuring that students, particularly those from low-income backgrounds, have safe and affordable accommodations that allow them to focus on their studies without the burden of excessive housing costs. This not only supports individual educational journeys but also contributes to the overall success of the university community.
Additionally, by aligning its goals with educational and scientific purposes, the foundation enhances the university's mission, fostering a supportive environment that promotes academic excellence and community engagement. Through these efforts, Blugold Real Estate Foundation Inc creates a positive ripple effect, benefiting students, the university, and the broader Eau Claire community.
This information is meant to be a general summary of Blugold 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: $3,199,389
- Program Service Revenue: $4,829,978
- Gross Receipts: $50,136,808
Assets and Liabilities:
- Total Assets: $94,880,702
- Total Liabilities: $51,376,626
- Net Assets: $43,504,076
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
UNIVERSITY HOUSING
Revenue
$4,829,978
Organization Details
Founding Year
2014
Phone
(715) 836-2987Principal Officer
Kimera M Way
Main Address
127 ROOSEVELT AVENUE, EAU CLAIRE, WI, 54701
Website
www.uwec.edu/foundationNTEE Category
Code: L11 - Housing
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