Wku Real Estate Corporation
- Assets
- $6.3m
- Revenue
- $261.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Bowling Green, KY
- Founding
- 08/1999
- Data as of
- 12/2021
- EIN
- 61-1336292
Organization Overview
Wku Real Estate Corporation is located in Bowling Green, KY. The organization was established in 1999. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wku Real Estate Corporation 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 12/2021, Wku Real Estate Corporation generated $261.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $228.2k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE WKU REAL ESTATE CORPORATION IS A CHARITABLE CIVIC-IMPROVEMENT CORPORATION ESTABLISHED FOR THE BENEFIT OF WESTERN KENTUCKY UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FUNDS FOR ENDOWED SCHOLARSHIPS TO THE WKU FOUNDATION AND FACILITATES WKU CAMPUS IMPROVEMENT AND REAL ESTATE ACQUISITION/CONSTRUCTION PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Smith President | Officer | 2 | $0 |
R Harvey Johnston III Board Member | Trustee | 1 | $0 |
Jack Sheidler Board Member | Trustee | 1 | $0 |
James Martens Board Member | 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 | $120,000 |
| Noncash contributions included in lines 1a–1f | $120,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,000 |
| Total Program Service Revenue | $0 |
| Investment income | $3,380 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $84,811 |
| Net Gain/Loss on Asset Sales | -$6,080 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $261,109 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $138,742 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,000 |
| Fees for services: Accounting | $6,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $68,126 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $228,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400,387 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $228,542 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,429,534 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,227,851 |
| Total assets | $6,286,314 |
| Accounts payable and accrued expenses | $1,070 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,538,888 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $397,246 |
| Total liabilities | $2,937,204 |
| Net assets without donor restrictions | $1,849,110 |
| Net assets with donor restrictions | $1,500,000 |
| 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 | $6,286,314 |
Grants Awarded
Over the last fiscal year, Wku Real Estate Corporation has awarded $2,608,461 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Bowling Green, KY PURPOSE: WKU ACTIVITY & PROG. | $2,453,839 |
Bowling Green, KY PURPOSE: STUDENT SCHOLARSHIPS | $147,749 |
Bowling Green, KY PURPOSE: WKU ACTIVY. & PROG. | $6,873 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wku Real Estate Corporation has recieved totaling $94,441.
| Awarding Organization | Amount |
|---|---|
Hilltopper Athletic Foundation Inc Bowling Green, KY PURPOSE: SUPPORT FOR ATHLETIC | $94,441 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Health Foundation Inc Norfolk, VA | $218,293,245 | $41,519,979 |
Northwest Community Healthcare Arlington Heights, IL | $634,169,512 | $38,406,845 |
Anderson Healthcare Maryville, IL | $41,437,636 | $29,425,681 |
Elizabeth Gamble Deaconess Home Association Cincinnati, OH | $1,636,339,650 | $77,696,826 |
Advocate Charitable Foundation Downers Grove, IL | $200,973,412 | $44,400,105 |
Kosair Charities Committee Inc Louisville, KY | $326,895,406 | $23,053,795 |
Kentuckyone Health Inc Lexington, KY | $15,206,136 | $12,087,828 |
Hospital Sisters Of St Francis Foundation Inc Springfield, IL | $115,855,911 | $14,666,018 |
Ascension Care Management Insurance Holdings St Louis, MO | $337,485,264 | $76,291,210 |
Community Health Network Foundation Inc Indianapolis, IN | $96,702,775 | $20,395,245 |
Mosaic Health System St Joseph, MO | $1,008,013,378 | $78,795,144 |
Metrohealth Foundation Inc Cleveland, OH | $88,791,792 | $21,235,092 |