Realdania
- Assets
- $4.3b
- Revenue
- $293.3m
- Investments
- $2.8b
- Employees
- 0
- Location
- Founding
- Data as of
- 12/2022
- EIN
- 98-0606302
Organization Overview
Realdania is located in null. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Realdania is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Realdania generated $293.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $208.8m during the year ending 12/2022. While expenses have increased by 0.3% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
REALDANIA STRIVES TO IMPROVE QUALITY OF LIFE FOR ALL THROUGH THE BUILT ENVIRONMENT WITH THE OVERALL GOAL OF BENEFITING THE COMMON GOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
* STRATEGIC ASSOCIATION GOALS FOR THE PRESENT AND FUTURE GENERATION *REALDANIA'S PRIMARY STRATEGIC GOAL IS TO MAKE A DIFFERENCE FOR PEOPLE NOW AND IN THE FUTURE. TO FURTHER THIS STRATEGIC GOAL, REALDANIA AIMS TO KEEP ITS EQUITY STABLE WITH A LONG-TERM INVESTMENT HORIZON AND, IN REALDANIA'S PHILANTHROPIC WORK, THE ORGANIZATION ENTERS INTO LONG-TERM PROJECTS WITH POTENTIALLY DIFFICULT AGENDAS. ONE SUCH EXAMPLE, AMONG MANY, IS THE BLOX DEVELOPMENT PROJECT. BLOX HAS TRANSFORMED A PREVIOUSLY ABANDONED PART OF COPENHAGEN INTO A LIVELY FORUM FOR URBAN LIVING THAT FORGES CONNECTIONS BETWEEN THE RESIDENTS OF COPENHAGEN HARBOUR AND STIMULATES INTEREST IN ARCHITECTURE, DESIGN, AND SUSTAINABLE URBAN DEVELOPMENT THROUGH EXHIBITIONS, EVENTS, BUSINESS DEVELOPMENT, AND NEW PARTNERSHIPS.
REALDANIA'S OTHER PROGRAM SERVICES INCLUDE STRENGTHENING FUTURE SOCIETY THROUGH NEW AND ADAPTED PHYSICAL SURROUNDINGS THAT FULLY CONSIDER THE PHYSICAL AND MENTAL HEALTH OF ALL SOCIAL GROUPS THAT PROMOTE SOCIAL INCLUSION AND RESOLVING THE CHALLENGES FACING OUTLYING AREAS AND RURAL DISTRICTS IN DENMARK BY IDENTIFYING AND DEVELOPING THE POSITIVE POTENTIAL OF LOCALLY-BOUND QUALITIES.
* PROMOTING A VIBRANT ARCHITECTURAL CULTURE * REALDANIA AIMS TO CONTRIBUTE TO A MORE VIBRANT ARCHITECTURAL CULTURE BY PROVIDING GOOD EXAMPLES OF ARCHITECTURE, PRESERVATION, AND DEVELOPMENT OF THE AREA'S BUILT HERITAGE. AN EXAMPLE OF ONE SUCH PROJECT, AMONG MANY, INCLUDES PROVIDING GRANTS TO SUPPORT THE CREATION OF THE DANISH ARCHITECTURE CENTER ("THE CENTER"). THE CENTER'S OBJECTIVE IS TO PROMOTE COOPERATION ACROSS THE PROFESSIONAL BOUNDARIES OF THE CONSTRUCTION SECTOR AND ARCHITECTURE SECTOR SO THAT THE STAKEHOLDERS, WORKING TOGETHER, CAN CONTRIBUTE TO THE FORWARD-LOOKING DEVELOPMENT OF ARCHITECTURE AND CONSTRUCTION.
* PROMOTING SUSTAINABLE CITIES *REALDANIA AIMS TO CONTRIBUTE TO DEVELOPING MORE SUSTAINABLE CITIES THAT SUPPORT PEOPLE'S LIVES AND WELL-BEING. REALDANIA GIVES GRANTS TO PROJECTS THAT SUPPORT THIS CAUSE. FOR EXAMPLE, REALDANIA SUPPORTS CITIES THAT ARE MANAGING RISING SEA LEVELS. THROUGH REALDANIA'S PARTNERSHIP WITH THE DANISH MINISTRY OF ENVIRONMENT, THE ORGANIZATION HAS SUPPORTED MANY DANISH CITIES IN DEVELOPING NEW STRATEGIES FOR MANAGING RISK AND ADAPTING TO CLIMATE CHANGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lars Krarup Board Member | Trustee | 9 | $133,004 |
Majken Schultz Board Member | Trustee | 9 | $77,586 |
Palle Adamsen Board Member | Trustee | 9 | $44,335 |
Pernille Rusz Bloch Board Member | Trustee | 9 | $44,335 |
Per Feldthaus Board Member | Trustee | 9 | $44,335 |
Mette Kynne Frandsen Board Member | Trustee | 9 | $44,335 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Closed Loop Leadership Fund Lp Management Fees | 12/30/22 | $4,033,070 |
Nexphase Capital (Iii-a) Management Fees | 12/30/22 | $2,935,390 |
Monomoy Capital Partners Iii Lp Management Fees | 12/30/22 | $1,561,492 |
Nordea Investment Management (Stab) Management Fees | 12/30/22 | $1,228,355 |
Axcel Management As (Iv) Management Fees | 12/30/22 | $1,131,435 |
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 | $293,300,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $293,300,000 |
| 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 | $149,732,349 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,363,934 |
| Compensation of current officers, directors, key employees. | $3,363,934 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,618,883 |
| Pension plan accruals and contributions | $874,765 |
| Other employee benefits | $515,840 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $131,124 |
| Fees for services: Accounting | $623,605 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,261,725 |
| Fees for services: Other | $470,996 |
| Advertising and promotion | $2,444,089 |
| Office expenses | $656,131 |
| Information technology | $3,036,746 |
| Royalties | $0 |
| Occupancy | $1,644,181 |
| Travel | $221,545 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $337,345 |
| Interest | $1,368,182 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,363,293 |
| Insurance | $98,105 |
| All other expenses | $3,086,910 |
| Total functional expenses | $208,849,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,800,000 |
| 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 | $9,500,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $19,000,000 |
| Investments—publicly traded securities | $1,065,000,000 |
| Investments—other securities | $2,846,800,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $317,900,000 |
| Total assets | $4,301,000,000 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $587,000,000 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,600,000 |
| Total liabilities | $610,600,000 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $3,690,400,000 |
| 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 | $4,301,000,000 |
Peer Organizations
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|---|