Wku Real Estate Corporation
- Assets
- $10.3m
- Revenue
- $268.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Bowling Green, KY
- Founding
- 08/1999
- Data as of
- 12/2023
- 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 12/2023, Wku Real Estate Corporation generated $268.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.2%) each year. All expenses for the organization totaled $112.3k during the year ending 12/2023. 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
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gemonee Brown Board Member | Trustee | 1 | $0 |
R Harvey Johnston III Board Member | Trustee | 1 | $0 |
James Martens Board Member | Trustee | 1 | $0 |
Jack Sheidler Board Member | Trustee | 1 | $0 |
Kim Thomas Board Member | Trustee | 1 | $0 |
Donald Smith President | Officer | 2 | $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 | $0 |
| Investment income | $42,800 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $141,431 |
| Net Gain/Loss on Asset Sales | -$3,158 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $268,237 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $6,000 |
| Fees for services: Accounting | $9,800 |
| 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 | $94,881 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $112,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $662,609 |
| 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 | $140,074 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,632,303 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,849,220 |
| Total assets | $10,284,206 |
| Accounts payable and accrued expenses | $42 |
| 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 | $2,215,593 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $248,200 |
| Total liabilities | $2,463,835 |
| Net assets without donor restrictions | $3,820,371 |
| Net assets with donor restrictions | $4,000,000 |
| 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 | $10,284,206 |
Grants Awarded
Over the last fiscal year, Wku Real Estate Corporation has awarded $2,608,461 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WKU FOUNDATION PURPOSE: WKU ACTIVY. & PROG. | $6,873 |
WESTERN KENTUCKY UNIVERSITY PURPOSE: WKU ACTIVITY & PROG. | $2,453,839 |
COLLEGE HEIGHTS FOUNDATION PURPOSE: STUDENT SCHOLARSHIPS | $147,749 |