Overview
What is Swtc Real Estate Foundation Inc?
Swtc Real Estate Foundation Inc is a nonprofit organization situated in Fennimore, Wisconsin. Its primary objective is to support Southwest Wisconsin Technical College and its foundation by managing on-campus housing units. These units provide affordable living options for students, accommodating up to 148 tenants. The foundation's activities involve acquiring, leasing, developing, operating, managing, selling, and transferring real estate properties to serve the college and its foundation's purposes, ultimately benefiting its students.
Is Swtc Real Estate Foundation Inc legitimate?
Swtc Real Estate Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Swtc 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Swtc Real Estate Foundation Inc?
Swtc Real Estate Foundation Inc's mission is centered around dealing with real estate to benefit the Southwest Wisconsin Technical College Foundation and Southwest Wisconsin Technical College. Specifically, the foundation acquires, leases, develops, operates, manages, sells, and transfers real estate for the purpose of providing affordable housing options for students of the college. The organization currently operates on-campus housing units with a capacity for 148 tenants, serving the needs of the college community.
What is the revenue of Swtc Real Estate Foundation Inc?
Swtc Real Estate Foundation Inc's revenue in 2024 was $716,926.
Who are the executives of Swtc Real Estate Foundation Inc and what are their salaries?
There 8 volunteers at Swtc Real Estate Foundation Inc.
Here are 8 key members and their salaries:
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- Compensation: $139,331
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- Other: $28,146
- Compensation: $167,340
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- Other: $46,448
Where can I find the form 990 for Swtc Real Estate Foundation Inc?
Swtc Real Estate Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Swtc Real Estate Foundation Inc
Swtc Real Estate Foundation Inc, as its name suggests, is primarily engaged in real estate activities. Its mission is to support the Southwest Wisconsin Technical College Foundation and the Southwest Wisconsin Technical College by dealing with real estate in various ways. This includes accepting, acquiring, leasing, holding, developing, operating, managing, selling, and transferring real estate. The organization's primary goal is to utilize this real estate for the benefit of these two entities, ensuring that it is used and enjoyed for their purposes.
One of the ways Swtc Real Estate Foundation Inc fulfills this mission is by owning and operating on-campus housing units. These units provide an affordable housing option for students attending the Southwest Wisconsin Technical College. With a capacity to accommodate 148 tenants, the organization plays a significant role in providing comfortable and cost-effective living arrangements for the college's student body. By managing these housing units, Swtc Real Estate Foundation Inc contributes to the overall well-being of the students, enabling them to focus on their studies without worrying about housing expenses.
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Impact
October, 2024
Swtc Real Estate Foundation Inc significantly impacts the educational landscape in Southwest Wisconsin by providing essential housing solutions for students attending Southwest Wisconsin Technical College. By owning and operating on-campus housing units, the organization ensures that students have access to affordable living arrangements, fostering a conducive environment for academic success.
With the capacity to accommodate 148 tenants, these housing facilities alleviate the financial burden on students, allowing them to focus more on their studies and less on the challenges of securing affordable living space. The foundation's commitment to developing, managing, and operating these real estate assets directly supports the educational mission of the college, helping to attract and retain students in the region.
This initiative not only enhances the overall college experience but also strengthens the community by contributing to the local economy through student residency. Ultimately, Swtc Real Estate Foundation Inc plays a crucial role in promoting education and supporting the aspirations of students in the area.
This information is meant to be a general summary of Swtc 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 2024.
- Investment Income: $23,699
- Program Service Revenue: $693,227
- Gross Receipts: $716,926
Assets and Liabilities:
- Total Assets: $3,502,531
- Total Liabilities: $2,094,869
- Net Assets: $1,407,662
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT HOUSING RENTS
Revenue
$690,675
LAUNDRY REVENUE
Revenue
$2,552
Organization Details
Founding Year
2015
Principal Officer
Caleb White
NTEE Category
Code: B11 - Education
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