Overview
What is University Of Kentucky Real Estate Foundation Inc?
The University of Kentucky Real Estate Foundation Inc is a nonprofit organization dedicated to raising funds for illiquid properties, encompassing real estate, tangible, and intangible assets, nationwide. They have established protocols for managing, administering, and selling these gifted properties. The organization's most notable achievement in the 2022 fiscal year was the successful sale of a gifted real property. Their primary objective is to sell these illiquid properties and subsequently distribute the earnings to support the University of Kentucky.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Stars
The University Of Kentucky Real Estate Foundation Inc has achieved an 80% rating, which corresponds to a Three-Star designation. This rating indicates a solid level of accountability and financial health, primarily based on their perfect score in the Accountability & Finance beacon. The foundation's financial practices demonstrate a strong commitment to transparency and effective governance, showcasing a fully independent board and no material diversion of assets.
Strengths highlighted in the evaluation include the foundation's 100% program expense ratio, indicating that all funds are directed towards its mission-related activities. The organization has a well-structured governance framework, with a majority of independent board members, which enhances trust and oversight. Furthermore, the foundation actively documents board meeting minutes and has a clear conflict of interest policy in place, contributing to its commendable accountability standards.
While the organization has earned high marks in various metrics, it is important for potential donors and stakeholders to consider the broader context of its work. The data does not reflect any specific programmatic impacts or community engagement details, which are crucial for assessing overall effectiveness. Nonetheless, the foundation demonstrates strong financial management practices that are essential for fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is University Of Kentucky Real Estate Foundation Inc legitimate?
University Of Kentucky Real Estate Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Kentucky 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
What is the mission statement of University Of Kentucky Real Estate Foundation Inc?
The University of Kentucky Real Estate Foundation's primary mission involves raising funds for illiquid properties, such as real estate and other assets, across the United States. Their objective is to manage, administer, and subsequently sell these gifted properties. The proceeds from these sales are then allocated to benefit the University of Kentucky. The foundation's most notable achievement in this regard was the successful sale of a gifted property in the 2022 fiscal year. Their primary goal is to leverage these sales to contribute positively to the University of Kentucky.
Who is the CEO of University Of Kentucky Real Estate Foundation Inc?
J Ford Stanley is the Executive Director & Treasurer of University Of Kentucky Real Estate Foundation Inc.
What is the revenue of University Of Kentucky Real Estate Foundation Inc?
University Of Kentucky Real Estate Foundation Inc's revenue in 2022 was $1,200,903.
Who are the executives of University Of Kentucky Real Estate Foundation Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $11,125
- Related: $0
- Other: $0
- Compensation: $10,086
- Related: $0
- Other: $0
- Compensation: $6,162
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for University Of Kentucky Real Estate Foundation Inc?
University Of Kentucky Real Estate Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of University Of Kentucky Real Estate Foundation Inc
The University of Kentucky Real Estate Foundation's primary mission involves raising funds across the United States, specifically focusing on the acceptance of illiquid properties as gifts. These properties encompass real estate, tangible assets, and intangible resources. With established procedures in place for managing, administering, and selling these gifts, the foundation's ultimate goal is to sell the illiquid properties and allocate the earnings to benefit the University of Kentucky. The organization's significant achievement in this regard can be traced back to the 2022 fiscal year, where a notable gift of real property was successfully sold.
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Impact
July, 2024
The University of Kentucky Real Estate Foundation Inc's impact lies in its ability to conduct fundraising for gifts of illiquid properties, including real properties, tangible, and intangible properties. This organization has established procedures to effectively manage, administer, and sell these gifts of real property. The most significant program service accomplishment includes the successful sale of real property gifts received in the 2022 fiscal year. By selling these illiquid properties, the foundation is able to generate proceeds that ultimately benefit the University of Kentucky. Their fundraising efforts support the university's mission of education and growth, contributing to its continued success and development.
This information is meant to be a general summary of University Of Kentucky 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.
- Investment Income: -$371,767
- Gross Receipts: $9,422,903
Assets and Liabilities:
- Total Assets: $2,932,261
- Total Liabilities: $0
- Net Assets: $2,932,261
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Organization Details
Founding Year
2008
Phone
(859) 257-7886Principal Officer
J Ford Stanley
Main Address
100 STURGILL PHILANTHROPY BLDG, LEXINGTON, KY, 40506
NTEE Category
Code: B114 - Education
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