Overview
What is Niu Real Estate Foundation?
Niu Real Estate Foundation is a nonprofit organization that primarily accepts real estate contributions. Its purpose is to manage, lease, develop, trade, mortgage, and sell these real estate properties. The organization then distributes a portion of the net proceeds from these activities to various entities. These entities can include the Northern Illinois University Foundation, a not-for-profit corporation, Northern Illinois University, a public institution, or any other suitable organization, as determined by the corporation's board of directors. The foundation's mission is to contribute to the betterment of these entities with the funds derived from its real estate activities.
Is Niu Real Estate Foundation legitimate?
Niu Real Estate Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Niu Real Estate Foundation submitted a form 990EZ, 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.
What is the mission statement of Niu Real Estate Foundation?
The Niu Real Estate Foundation's primary mission is to receive and manage real estate contributions, leveraging activities such as leasing, mortgaging, developing, trading, and selling. The organization then distributes a portion of the net proceeds from these real estate activities to various entities. These recipients may include the Northern Illinois University Foundation, Northern Illinois University, or any other entity deemed appropriate by the foundation's board of directors. The aim is to support these entities, promoting their growth and development.
Who is the CEO of Niu Real Estate Foundation?
Catherine Squires is the President of Niu Real Estate Foundation.
What is the revenue of Niu Real Estate Foundation?
Niu Real Estate Foundation's revenue in 2023 was $1,320.
Who are the executives of Niu Real Estate Foundation and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990EZ for Niu Real Estate Foundation?
Niu Real Estate Foundation's most recent form 990EZ was submitted in 2023 and can be accessed here.
Mission Statement of Niu Real Estate Foundation
The Niu Real Estate Foundation is a non-profit entity that has a specific mission. It receives contributions of real estate and manages these properties in various ways, such as leasing, mortgaging, developing, trading, and selling. The primary objective is to contribute or distribute a portion of the net profits from these real estate activities to three entities: the Northern Illinois University Foundation, Northern Illinois University, and any other suitable organization as determined by the foundation's board of directors. This foundation's activities are centered around supporting these entities with the proceeds derived from its real estate operations.
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Impact
October, 2024
The Niu Real Estate Foundation significantly influences the educational landscape in Northern Illinois by managing and leveraging real estate contributions. Through strategic activities, the foundation receives various real estate assets, which it holds, leases, manages, or develops. The proceeds from these endeavors are then directed to support the Northern Illinois University Foundation and Northern Illinois University, fostering educational growth and development.
By efficiently managing these assets, the foundation not only contributes to the financial sustainability of educational programs but also promotes economic engagement within the community. This initiative enables the university and its affiliated organizations to access essential resources, ultimately enhancing student opportunities and academic excellence. The foundation’s efforts create a positive ripple effect, linking real estate management directly to educational benefits, thereby reinforcing its commitment to the advancement of education in the region.
This information is meant to be a general summary of Niu 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Gross Receipts: $1,320
Assets and Liabilities:
- Total Assets: $140,875
- Total Liabilities: $2,200
- Net Assets: $138,675
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Organization Details
Phone
(815) 753-0282Principal Officer
Catherine Squires
Main Address
595 COLLEGE AVE ALTGELD HALL 135D, DEKALB, IL, 60115
NTEE Category
Code: B19 - Education
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