Overview
What is Dei Real Estate Inc?
Dei Real Estate Inc is a supporting organization, headquartered in Beals Island, Maine, dedicated to furthering the mission of the Downeast Institute for Applied Marine Research and Education, Inc. Their primary role involves managing and maintaining the real estate used by the Institute, ensuring its optimal operation. This includes the ownership, improvement, and borrowing of funds for such purposes, as well as the conveyance, leasing, or subleasing of the real estate. Their ultimate goal is to advance the charitable purposes of the Institute, contributing to scientific research and educational programs focused on marine environments.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
Dei Real Estate Inc has achieved a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization scored 75% overall, primarily focusing on its financial health and ethical governance practices. Their commitment to transparency is evidenced by a fully independent board and meticulous record-keeping of board meetings.
Strengths include an impressive program expense ratio of 87.28%, showcasing that a significant portion of their funds directly supports their mission. Additionally, the organization has no recorded material diversion of assets, which reflects strong financial integrity. Their conflict of interest policy is in place and followed, contributing to their positive governance profile.
However, the organization has room for improvement in its liabilities to assets ratio, which sits at 56.19%. This could indicate potential concerns regarding financial leverage and the management of resources relative to their obligations. Overall, Dei Real Estate Inc demonstrates a commendable commitment to accountability but may need to focus on better balancing its financial ratios in future years.
This AI summary has been generated from information found on Charity Navigator.
Is Dei Real Estate Inc legitimate?
Dei Real Estate Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dei Real Estate 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
What is the mission statement of Dei Real Estate Inc?
Dei Real Estate Inc, as an organization, was established to support the Downeast Institute for Applied Marine Research and Education, Inc. Its primary mission is to advance and further the aims of the Institute. To achieve this, the organization manages and improves the real estate used by the Institute, borrows money for its maintenance and improvement, and leases or subleases the property as necessary, all in line with the charitable purposes of the Institute. The ultimate goal is to assist the Institute in its research and educational endeavors related to marine science.
Who is the CEO of Dei Real Estate Inc?
Dianne Tilton is the Director of Dei Real Estate Inc.
What is the revenue of Dei Real Estate Inc?
Dei Real Estate Inc's revenue in 2022 was $221,725.
Who are the executives of Dei Real Estate Inc and what are their salaries?
Here are 6 key members and their salaries:
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $8,886
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $92,000
- Other: $9,540
Where can I find the form 990 for Dei Real Estate Inc?
Dei Real Estate Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Dei Real Estate Inc
Dei Real Estate Inc, a supporting organization, was established with a mission to further the aims of the Downeast Institute for Applied Marine Research and Education, Inc. The organization's primary role is to hold, maintain, and preserve real estate used in connection with the Institute. In essence, Dei Real Estate Inc serves as the property caretaker, ensuring the continuity of the Institute's operations through ownership, maintenance, and improvement of the relevant properties. Furthermore, the organization is authorized to borrow money for these purposes and may convey, lease, or sublease the properties as necessary, all in support of the charitable objectives of the Downeast Institute. In summary, Dei Real Estate Inc plays a crucial role in facilitating the Institute's mission by managing its real estate holdings in a manner that supports its research and educational objectives.
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Impact
June, 2024
Dei Real Estate Inc's impact is crucial in supporting the operations of Downeast Institute for Applied Marine Research and Education, Inc. The organization plays a vital role in ensuring the preservation and maintenance of real estate used by the institute. By holding and managing the properties necessary for the institute's activities, Dei Real Estate Inc contributes significantly to the advancement of marine research and education in the region. This support helps in furthering the charitable purposes of the Institute and ultimately makes a positive impact on environmental conservation efforts related to marine ecosystems.
This information is meant to be a general summary of Dei Real Estate 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: $1
- Program Service Revenue: $221,724
- Gross Receipts: $221,725
Assets and Liabilities:
- Total Assets: $8,051,005
- Total Liabilities: $4,524,588
- Net Assets: $3,526,417
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM RENTAL INCOME
Revenue
$221,724
Organization Details
Founding Year
2017
Phone
(207) 255-1314Principal Officer
Dianne Tilton
Main Address
PO BOX 83, BEALS ISLAND, ME, 04611
NTEE Category
Code: C11 - Environment
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