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Virginia Commonwealth University Real Estate Foundation

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

EIN: 541666531 ✦ Richmond, VA ✦ Designated as a 501(c)(3)

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Overview

What is Virginia Commonwealth University Real Estate Foundation?

The Virginia Commonwealth University Real Estate Foundation is a nonprofit organization established with the primary aim of supporting Virginia Commonwealth University. Its mission involves managing real estate properties used for the university's educational, scientific, and charitable endeavors. The foundation is responsible for acquiring, leasing, selling, or disposing of properties, operating and managing them, all for the exclusive benefit of Virginia Commonwealth University. Its activities contribute to the university's growth and well-being by providing it with necessary real estate resources. The foundation operates from a postal address in Richmond, Virginia.


Official website here: www.vcurealestate.org

Is Virginia Commonwealth University Real Estate Foundation legitimate?

Virginia Commonwealth University Real Estate Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Commonwealth University Real Estate Foundation 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.vcurealestate.org

What is the mission statement of Virginia Commonwealth University Real Estate Foundation?

The Virginia Commonwealth University Real Estate Foundation was established with the primary objective of managing property for the sole benefit of Virginia Commonwealth University. This includes activities such as accepting, acquiring, leasing, selling, or disposing of properties. The foundation's primary mission is to support Virginia Commonwealth University in its educational, scientific, and charitable endeavors by effectively managing real estate resources. The foundation operates and manages these properties to contribute to the university's overall growth and development.


Official website here: www.vcurealestate.org

Who is the CEO of Virginia Commonwealth University Real Estate Foundation?

Deborah Fourness is the President of Virginia Commonwealth University Real Estate Foundation.


Official website here: www.vcurealestate.org

What is the revenue of Virginia Commonwealth University Real Estate Foundation?

Virginia Commonwealth University Real Estate Foundation's revenue in 2022 was $9,483,023.


Official website here: www.vcurealestate.org

Who are the executives of Virginia Commonwealth University Real Estate Foundation and what are their salaries?


Here are 9 key members and their salaries:


Deborah K Fourness (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian K Jackson (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Burt Pinnock (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard E Byrne (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert L Hansan (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
John C Jacoby (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas W Papa (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shantaram K Talegaonkar (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Michael Rao (Ex-Officio Director)
  • Compensation: $0
  • Related: $740,936
  • Other: $360,981


Official website here: www.vcurealestate.org

Where can I find the form 990 for Virginia Commonwealth University Real Estate Foundation?

Virginia Commonwealth University Real Estate Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.vcurealestate.org

Learn more at the official website: www.vcurealestate.org

Mission Statement of Virginia Commonwealth University Real Estate Foundation

Virginia Commonwealth University Real Estate Foundation was established with a primary objective to support Virginia Commonwealth University. The foundation accomplishes this by managing real estate properties that are utilized for the university's educational, scientific, and charitable pursuits. Specifically, the foundation accepts, acquires, leases, sells, disposes, operates, and manages these properties, all with the aim of benefiting Virginia Commonwealth University exclusively. In essence, the Virginia Commonwealth University Real Estate Foundation serves as a critical facilitator in the university's growth and development by effectively managing its real estate assets.

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Impact




October, 2024

Virginia Commonwealth University Real Estate Foundation plays a pivotal role in supporting the educational, scientific, and charitable activities of Virginia Commonwealth University. By acquiring, leasing, selling, or managing properties, the foundation ensures that the university has access to the real estate resources necessary for growth and development. This management of real estate directly contributes to the university's ability to offer robust educational programs, enhance student experiences, and expand research facilities. The foundation's efforts not only facilitate the university's mission but also foster community engagement and economic development in Richmond, VA. Overall, its impact is significant in creating a vibrant learning environment and supporting the broader goals of Virginia Commonwealth University.




This information is meant to be a general summary of Virginia Commonwealth University Real Estate Foundation. 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.

Revenue
$9,483,023 (2022)
Expenses
$6,417,427 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,598
  • Program Service Revenue: $9,189,761
  • Gross Receipts: $9,483,023

Assets and Liabilities:

  • Total Assets: $99,593,802
  • Total Liabilities: $51,623,892
  • Net Assets: $47,969,910

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$9,189,761

Organization Details

Founding Year

1992

Principal Officer

Deborah Fourness

Main Address

PO BOX 843075, RICHMOND, VA, 232843075

NTEE Category

Code: B43 - Education

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