Ksu Charitable Real Estate Foundation
- Assets
- $89.4m
- Revenue
- $22.0m
- Investments
- $9.1m
- Employees
- 0
- Location
- Manhattan, KS
- Founding
- 11/2011
- Data as of
- 06/2023
- EIN
- 45-3417512
Organization Overview
Ksu Charitable Real Estate Foundation is located in Manhattan, KS. The organization was established in 2011. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Ksu Charitable Real Estate Foundation 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, Ksu Charitable Real Estate Foundation generated $22.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 33.2% each year . All expenses for the organization totaled $1.9m during the year ending 06/2023. While expenses have increased by 24.1% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ACCEPTING, HOLDING, AND MANAGING REAL PROPERTY FOR KANSAS STATE UNIVERSITY FOUNDATION.
Describe the Organization's Program Activity:
ACCEPTING, HOLDING, AND MANAGING REAL PROPERTY FOR KANSAS STATE UNIVERSITY FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deb Tuttle Secretary/treasurer | Officer | 5 | $0 |
Larry D Fox President/ceo | Officer | 40 | $0 |
Dave Everett Chairman Board Of Directors | OfficerTrustee | 1 | $0 |
Sharon Evers Member Bod | Trustee | 1 | $0 |
Kelly Lechtenberg Member Bod | Trustee | 1 | $0 |
Dennis Hulsing Member Bod | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,791,963 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,046,094 |
| Noncash contributions included in lines 1a–1f | $19,046,094 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,838,057 |
| Total Program Service Revenue | $59,227 |
| Investment income | $532,311 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $16,616 |
| Net Rental Income | $438,353 |
| Net Gain/Loss on Asset Sales | $116,481 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,005,678 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,287,733 |
| 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 | $260,087 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,426 |
| Advertising and promotion | $1,003 |
| Office expenses | $2,461 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $473 |
| Travel | $1,603 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $554 |
| Interest | $370,771 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,930,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $201,369 |
| Savings and temporary cash investments | $2,717,677 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $195,940 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,374,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $66,828,440 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,085,751 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,248 |
| Total assets | $89,404,425 |
| Accounts payable and accrued expenses | $3,890,094 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $9,804,191 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $175,776 |
| Unsecured mortgages and notes payable | $18,841,741 |
| Other liabilities | $0 |
| Total liabilities | $32,711,802 |
| Net assets without donor restrictions | $11,822,993 |
| Net assets with donor restrictions | $44,869,630 |
| 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 | $89,404,425 |
Grants Awarded
Over the last fiscal year, Ksu Charitable Real Estate Foundation has awarded $3,593,832 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KANSAS STATE UNIVERSITY FOUNDATION PURPOSE: SUPPORT | $636,035 |
KANSAS STATE UNIVERSITY FOUNDATION PURPOSE: SUPPORT | $2,957,797 |