Blugold Real Estate Foundation Inc

Organization Overview

Blugold Real Estate Foundation Inc is located in Eau Claire, WI. The organization was established in 2014. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blugold 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 06/2021, Blugold Real Estate Foundation Inc generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.1% each year . All expenses for the organization totaled $4.0m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES. THE CORPORATION SHALL BE OPERATED FOR THE BENEFIT OF AND IN ALIGNMENT WITH THE UNIVERSITY OF WISCONSIN-EAU CLAIRE FOUNDATION, INC. AND THE UNIVERSITY OF WISCONSIN-EAU CLAIRE. THE MOST SIGNIFICANT ACTIVITIES OF THE CORPORATION ARE LISTED BELOW.TO ACCEPT, ACQUIRE, LEASE, HOLD, DEVELOP, OPERATE, MANAGE, SELL, TRANSFER, AND OTHERWISE DEAL IN REAL ESTATE FOR USE AND ENJOYMENT BY, IN FURTHERANCE OF THE PURPOSE OF, AND FOR THE EXCLUSIVE BENEFIT OF THE UNIVERSITY OF WISCONSIN-EAU CLAIRE FOUNDATION, INC. AND THE UNIVERSITY OF WISCONSIN-EAU CLAIRE.TO RENT AFFORDABLE STUDENT HOUSING AND TO CREATE AFFORDABLE LOW INCOME HOUSING PROJECTS, PRIMARILY FOR STUDENTS (ESPECIALLY FOR LOW INCOME STUDENTS), AS DETERMINED IN ACCORDANCE WITH THE INCOME LIMITS PUBLISHED BY THE FEDERAL DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT UNDER THE NATIONAL HOUSING ACT OF 1937.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION HOLDS SEVERAL PROPERTIES TO SUPPORT THE RESIDENTIAL HOUSING NEEDS OF THE UNIVERSITY STUDENTS AND FACULTY. IN ADDITION, THE ORGANIZATION HOLDS PROPERTIES TO SUPPORT THE PROGRAMS OF THE UNIVERSITY.


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Board, Officers & Key Employees

Name (title)Compensation
Neil Lipinski
President/chair
$0
Patricia Lien
Assistant Secretary
$0
Terry Mcmahon
Vice President
$0
Coby Kohn
Treasurer
$0
Kimera M Way
Executive Director
$0
Charlie Bauer
Director
$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$4,083,629
Investment income $1,530,071
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$79,398
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,562,467

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Blugold Real Estate Foundation Inc has recieved totaling $3,000,000.

Awarding OrganizationAmount
University Of Wisconsin-Eau Claire Foundation Inc

Eau Claire, WI

PURPOSE: ORGANIZATION SUPPORT

$1,000,000
University Of Wisconsin-Eau Claire Foundation Inc

Eau Claire, WI

PURPOSE: ORGANIZATION SUPPORT

$1,000,000
University Of Wisconsin-Eau Claire Foundation Inc

Eau Claire, WI

PURPOSE: ORGANIZATION SUPPORT

$1,000,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$88,490,726
Earnings-$12,588,133
Admin Expense$2,779,842
Net Contributions$55,724,008
Other Expense$4,115,078
Grants$1,871,156
Ending Balance$122,860,525

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