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Blugold Real Estate Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 471689874 ✦ Eau claire, WI ✦ Designated as a 501(c)(3)

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

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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
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?

Here are 9 key members and their salaries:

    Neil Lipinski (President/Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Terry Mcmahon (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patricia Lien (Assistant Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charlie Bauer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chops Hancock (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barry Moullet (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steve Semingson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kimera M Way (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Coby Kohn (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.uwec.edu/foundation

    Where can I find the form 990 for Blugold Real Estate Foundation Inc?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    Blugold Real Estate Foundation Inc's impact is focused on providing affordable student housing and creating low-income housing projects primarily for students, especially those with lower incomes. By acquiring, developing, and managing real estate properties for the exclusive benefit of the University of Wisconsin-Eau Claire Foundation and the University of Wisconsin-Eau Claire, the foundation contributes to meeting residential housing needs and supporting university programs. This aligns with their mission of operating exclusively for charitable, educational, and scientific purposes in collaboration with the university foundation. Through their efforts, Blugold Real Estate Foundation plays a key role in enhancing access to affordable housing for students, particularly those with financial constraints.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Principal Officer

    Kimera M Way

    Main Address

    127 ROOSEVELT AVENUE, EAU CLAIRE, WI, 54701

    NTEE Category

    Code: L11 - Housing

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