Uw-Platteville Real Estate Foundation Inc
- Assets
- $42.9m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 1
- Location
- Platteville, WI
- Founding
- 07/2011
- Data as of
- 06/2023
- EIN
- 35-2396254
Organization Overview
Uw-Platteville Real Estate Foundation Inc is located in Platteville, WI. The organization was established in 2011. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Uw-Platteville Real Estate Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Uw-Platteville Real Estate Foundation Inc generated $6.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $4.8m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ACCEPT, ACQUIRE, LEASE, HOLD, DEVELOP, OPERATE, MANAGE, SELL, TRANSFER AND OTHERWISE DEAL IN REAL ESTATE FOR FUTHERANCE OF THE PURPOSES OF THE UW-PLATTEVILLE FOUNDATION, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE REAL ESTATE FOUNDATION MANAGED THE DEVELOPMENT OF A RESIDENCE HALL, ROUNTREE COMMONS, WHICH WAS PUT INTO USE AT THE END OF AUGUST 2012. THE REAL ESTATE FOUNDATION CONTRACTED A THIRD PARTY TO MANAGE THE DAILY OPERATIONS OF ROUNTREE COMMONS AFTER CONSTRUCTION WAS COMPLETED. A SECOND RESIDENCE HALL, BRIDGEWAY COMMONS, WAS CONSTRUCTED AND PUT INTO USE IN AUGUST 2013. THE REAL ESTATE FOUNDATION LEASED BRIDGEWAY COMMONS TO THE UNIVERSITY OF WISCONSIN - PLATTEVILLE AND ALL DAILY OPERATIONS OF THE RESIDENCE HALL ARE MANAGED BY THE UNIVERSITY. BOTH BUILDINGS SUPPORT THE ACTIVITIES OF UW-PLATTEVILLE PRIMARILY AS HOUSING. THE OPERATIONS ALSO INCLUDE FOOD SERVICES AND PARKING. THE REAL ESTATE FOUNDATION RENTS SPACE TO THE UNIVERSITY IN ROUNTREE COMMONS FOR A SMALL CAFE AND A SMALL PARKING LOT. DURING THE SUMMER MONTHS, ROUNTREE COMMONS ALSO PROVIDES HOUSING FOR CAMPS AND CONFERENCES SPONSORED BY THE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Boldt President | OfficerTrustee | 1 | $0 |
Robert Stenstrom Vice President | OfficerTrustee | 1 | $0 |
Robert Vosberg Secretary/treasurer | OfficerTrustee | 1 | $0 |
Joe Bunker Director | Trustee | 1 | $0 |
Barbara Prindiville Director | Trustee | 1 | $0 |
Jerold P Franke Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,931,334 |
| Investment income | $188,045 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$23,026 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,300,415 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $289,369 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $25,198 |
| Compensation of current officers, directors, key employees. | $25,198 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $331,018 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $100,880 |
| Payroll taxes | $25,517 |
| Fees for services: Management | $176,015 |
| Fees for services: Legal | $5,089 |
| Fees for services: Accounting | $45,309 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,123 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,320 |
| Office expenses | $105,741 |
| Information technology | $18,920 |
| Royalties | $0 |
| Occupancy | $597,793 |
| Travel | $4,198 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,283 |
| Interest | $1,204,632 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,682,817 |
| Insurance | $0 |
| All other expenses | $16,155 |
| Total functional expenses | $4,835,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $482,704 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $133,490 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,082 |
| Net Land, buildings, and equipment | $32,975,993 |
| Investments—publicly traded securities | $7,048,806 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,219,853 |
| Total assets | $42,879,928 |
| Accounts payable and accrued expenses | $826,885 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $38,157,975 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $38,984,860 |
| Net assets without donor restrictions | $3,895,068 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $42,879,928 |