Overview
What is James Madison University Real Estate Foundation Inc?
James Madison University Real Estate Foundation Inc is a nonprofit organization whose primary function is to manage and oversee real estate properties for the benefit of James Madison University and its affiliated foundation. Located at 1031 Harrison Street, Harrisonburg, Virginia, this organization receives, maintains, and disposes of real estate properties in a way that supports and advances the university's welfare and objectives. Their activities aim to promote the university's efficiency and overall goals, thus contributing positively to its development.
Official website here: www.jmu.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The James Madison University Real Estate Foundation Inc has earned a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. With a perfect score of 100% for its independent board composition and a program expense ratio of 96.08%, the foundation demonstrates effective management of its resources and a focus on its mission.
The organization shows no material diversions of assets, indicating prudent governance and ethical management practices. Its comprehensive policies, such as conflict of interest and whistleblower policies, further enhance transparency and accountability. The foundation also maintains a robust documentation process, ensuring that board meeting minutes are accessible, which supports organizational integrity.
While the overall rating highlights significant strengths, the analysis is solely based on the accountability and finance aspect. There may be additional areas of performance not covered by this specific rating, but the available data strongly positions the foundation as a trustworthy and responsible entity in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is James Madison University Real Estate Foundation Inc legitimate?
James Madison University Real Estate Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. James Madison University 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.jmu.edu/foundation
What is the mission statement of James Madison University Real Estate Foundation Inc?
The James Madison University Real Estate Foundation's mission is centered around receiving, managing, and disposing of real property in a way that enhances the welfare and objectives of James Madison University. This task is carried out with the aim of promoting the university's efficiency. The foundation's role includes holding, maintaining, and managing real estate gifts or purchases, with the ultimate goal of benefiting James Madison University and the James Madison University Foundation, Inc.
Official website here: www.jmu.edu/foundation
Who is the CEO of James Madison University Real Estate Foundation Inc?
Cheryl Lindsay is the Ceo of James Madison University Real Estate Foundation Inc. The CEO's salary of James Madison University Real Estate Foundation Inc is $0 and their total compensation is $231,754.
Official website here: www.jmu.edu/foundation
What is the revenue of James Madison University Real Estate Foundation Inc?
James Madison University Real Estate Foundation Inc's revenue in 2022 was $34,046.
Official website here: www.jmu.edu/foundation
Who are the executives of James Madison University Real Estate Foundation Inc and what are their salaries?
Here are 26 key members and their salaries (James Madison University Real Estate Foundation Inc's CEO's salary is $0 and their total compensation is $231,754):
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- Related: $196,888
- Other: $34,866
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- Related: $119,073
- Other: $40,628
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- Related: $85,081
- Other: $31,017
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Official website here: www.jmu.edu/foundation
Where can I find the form 990 for James Madison University Real Estate Foundation Inc?
James Madison University Real Estate Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.jmu.edu/foundation
Learn more at the official website: www.jmu.edu/foundation
Mission Statement of James Madison University Real Estate Foundation Inc
The James Madison University Real Estate Foundation's mission is centered around the reception, management, and disposal of real property. This nonprofit organization strives to enhance the well-being and operational effectiveness of James Madison University by strategically handling real estate assets. By receiving, maintaining, and either selling or managing properties, the foundation aims to advance the interests and objectives of James Madison University and the James Madison University Foundation, Inc. The primary goal is to utilize real estate resources in a manner that benefits the university as a whole.
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Impact
August, 2024
The impact of James Madison University Real Estate Foundation Inc is centered around supporting James Madison University in achieving its educational objectives. By managing and disposing of real property to benefit the university and the James Madison University Foundation, Inc, the foundation plays a vital role in promoting the welfare and efficiency of the institution. The foundation's activities contribute to the continued growth and development of James Madison University, ultimately enhancing its educational mission and impact in the community.
This information is meant to be a general summary of James Madison University 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.
- Program Service Revenue: $34,046
- Gross Receipts: $34,046
Assets and Liabilities:
- Total Assets: $5,481,486
- Total Liabilities: $714,593
- Net Assets: $4,766,893
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent income from affiliated exempt org.
Revenue
$34,046
Organization Details
Founding Year
1992
Phone
(540) 568-3187Principal Officer
Cheryl Lindsay
Main Address
1031 Harrison Street MSC 8501, Harrisonburg, VA, 22807
Website
www.jmu.edu/foundationNTEE Category
Code: B43I - Education
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