Overview
What is The College Of William And Mary Real Estate Foundation Inc?
The College of William and Mary Real Estate Foundation Inc is a nonprofit organization situated in Williamsburg, Virginia. Its primary mission is to manage real estate properties, collecting rents and subsequently transferring the income, minus expenses, to the William & Mary Foundation. This foundation's funds are then utilized for various purposes, as per its own objectives. The organization's headquarters can be found at 5300 Discovery Park Blvd, on the third floor.
Is The College Of William And Mary Real Estate Foundation Inc legitimate?
The College Of William And Mary Real Estate Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. The College Of William And Mary 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
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What is the mission statement of The College Of William And Mary Real Estate Foundation Inc?
The College of William and Mary Real Estate Foundation Inc's mission is primarily centered around managing real estate properties. Specifically, the foundation's role is to hold title to real estate, collect rents from these properties, and then remit the income, after deducting expenses, to the William & Mary Foundation. This financial cycle enables the Foundation to continue its operations and initiatives. The Foundation's main objective is to support the William & Mary Foundation by generating income from its real estate holdings.
What is the revenue of The College Of William And Mary Real Estate Foundation Inc?
The College Of William And Mary Real Estate Foundation Inc's revenue in 2023 was $211,928.
Who are the executives of The College Of William And Mary Real Estate Foundation Inc and what are their salaries?
There 4 volunteers at The College Of William And Mary Real Estate Foundation Inc.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $92,188
- Other: $16,105
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- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $219,040
- Other: $35,033
Where can I find the form 990 for The College Of William And Mary Real Estate Foundation Inc?
The College Of William And Mary Real Estate Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The College Of William And Mary Real Estate Foundation Inc
The College of William and Mary Real Estate Foundation Inc was established with a mission to hold title to real estate properties and collect rents from these properties. The primary objective of the foundation is to remit the income generated from these properties, after deducting expenses, to the William & Mary Foundation. In essence, the foundation serves as a financial intermediary, managing real estate assets and generating income for its parent organization, the William & Mary Foundation. The role of The College of William and Mary Real Estate Foundation Inc is crucial in providing a steady stream of income, which can be utilized for various initiatives and programs supported by the William & Mary Foundation.
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Impact
October, 2024
The College of William and Mary Real Estate Foundation Inc plays a vital role in enhancing community resources and supporting the broader mission of the William & Mary Foundation. By holding title to real estate and collecting rents, the Foundation generates income that significantly contributes to the funding of various initiatives and projects associated with the university.
Through its management of real property, the Foundation not only maintains assets that benefit the institution but also ensures a steady flow of income that can be directed toward educational and community improvement efforts. This financial support is essential for advancing the university's objectives and fostering a sustainable environment for future generations of students and faculty.
Moreover, the Foundation's activities contribute to the local economy by managing properties and generating revenue that can stimulate growth and development in Williamsburg, VA. Overall, the Foundation embodies a commitment to community improvement while reinforcing the financial foundation necessary for the ongoing success of the College of William and Mary.
This information is meant to be a general summary of The College Of William And Mary 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 2023.
- Investment Income: $200,000
- Program Service Revenue: $11,928
- Gross Receipts: $211,928
Assets and Liabilities:
- Total Assets: $3,478,822
- Total Liabilities: $1,485,219
- Net Assets: $1,993,603
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REAL ESTATE RENTAL
Revenue
$11,928
Organization Details
Founding Year
1994
NTEE Category
Code: S47 - Community improvement
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