Overview
What is University Of Louisville Real Estate Foundation Inc?
University of Louisville Real Estate Foundation Inc is a nonprofit organization located at 215 Central Ave STE 212, Louisville, KY, 40208. Their primary mission is to manage and leverage real and personal property for the benefit of the University of Louisville. They are responsible for acquiring, maintaining, improving, and conveying property, as stated in their paraphrased description: "to acquire, maintain, improve, leverage, manage, lease, and convey property" for the university. By doing so, the foundation ensures the university has the necessary resources to thrive.
Is University Of Louisville Real Estate Foundation Inc legitimate?
University Of Louisville Real Estate Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Louisville 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.
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What is the mission statement of University Of Louisville Real Estate Foundation Inc?
The University of Louisville Real Estate Foundation Inc is dedicated to acquiring, maintaining, improving, leveraging, managing, leasing, and conveying both real and personal property. This is carried out with the ultimate goal of benefiting the University of Louisville. The foundation holds real estate assets that serve a purpose for the university or are used by it. The foundation's role is to manage and optimize these assets to maximize their value for the educational institution.
Who is the CEO of University Of Louisville Real Estate Foundation Inc?
Keith Sherman is the Director of University Of Louisville Real Estate Foundation Inc.
What is the revenue of University Of Louisville Real Estate Foundation Inc?
University Of Louisville Real Estate Foundation Inc's revenue in 2022 was $30,989,906.
Who are the executives of University Of Louisville Real Estate Foundation Inc and what are their salaries?
There 11 volunteers at University Of Louisville Real Estate Foundation Inc.
Here are 13 key members and their salaries:
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Where can I find the form 990 for University Of Louisville Real Estate Foundation Inc?
University Of Louisville Real Estate Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of University Of Louisville Real Estate Foundation Inc
University of Louisville Real Estate Foundation Inc is a nonprofit organization dedicated to acquiring, maintaining, improving, leveraging, managing, leasing, and conveying real and personal property for the benefit of the University of Louisville. The foundation's mission is to utilize its real estate assets to support the University's needs, with the ultimate goal of enhancing its capabilities and offerings.
By managing and conveying property for the University, the University of Louisville Real Estate Foundation Inc plays a crucial role in ensuring the institution has access to the necessary resources to thrive. These assets may be used directly by the University or leased to generate revenue, which can then be reinvested back into the organization to further its mission. The foundation's involvement in various real estate transactions and property management helps secure a stable financial future for the University.
In essence, the University of Louisville Real Estate Foundation Inc acts as a dedicated partner to the University, leveraging its expertise in real estate to maximize the benefits for the institution. Through its various activities, the foundation enables the University to focus on its core academic and research pursuits, while it manages the property-related aspects to ensure long-term success.
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Impact
October, 2024
The University of Louisville Real Estate Foundation Inc significantly contributes to the growth and sustainability of the University of Louisville through its dedicated efforts in managing real estate assets. By acquiring, maintaining, improving, leveraging, managing, leasing, and conveying properties, the foundation ensures that essential resources and facilities are available for the university community.
These real estate assets serve crucial functions, providing spaces for educational, research, and community engagement activities. The foundation's strategic management of properties enhances the university's ability to meet its mission and goals, creating a positive impact on students, faculty, and staff. Additionally, by supporting the university's physical infrastructure, the foundation plays a vital role in fostering an environment conducive to learning and innovation.
Through its work, the University of Louisville Real Estate Foundation not only strengthens the university's position within the region but also contributes to the broader community in Louisville, Kentucky, by promoting economic growth and accessibility to educational opportunities.
This information is meant to be a general summary of University Of Louisville 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: $500,000
- Program Service Revenue: $14,913,832
- Gross Receipts: $30,989,906
Assets and Liabilities:
- Total Assets: $163,989,545
- Total Liabilities: $66,862,929
- Net Assets: $97,126,616
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$14,913,832
Organization Details
Founding Year
2014
Phone
(502) 212-8200Principal Officer
Keith Sherman
Main Address
215 CENTRAL AVE STE 212, LOUISVILLE, KY, 40208
NTEE Category
Code: T30 - Philanthropy
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