The Nucleus Real Properties Inc
- Assets
- $0.0
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 07/2015
- Data as of
- 11/2020
- EIN
- 46-3070346
Organization Overview
The Nucleus Real Properties Inc is located in Louisville, KY. The organization was established in 2015. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. Nucleus Real Properties 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 11/2020, Nucleus Real Properties Inc generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $2.2m during the year ending 11/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE FOR THE BENEFIT OF THE UNIVERSITY OF LOUISVILLE FOUNDATION, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT AND MANAGEMENT OF THE PROPERTY AND IMPROVEMENTS LOCATED AT THE CORNER OF MARKET AND SHELBY STREETS IN LOUISVILLE, KENTUCKY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Earl Reed Vice Chair & Secretary | OfficerTrustee | 1 | $0 |
Keith Sherman Chair | OfficerTrustee | 1 | $0 |
Paul Carrico Director | Trustee | 0.5 | $0 |
John Chilton Director | Trustee | 0.5 | $0 |
Jim Boone Director | Trustee | 0.5 | $0 |
David Anderson Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
First Class Commercial Cleaning Cleaning Services | 11/8/20 | $256,876 |
Nts Management Company Property Management | 11/8/20 | $294,933 |
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 | $1,158,733 |
| Investment income | $0 |
| 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 | $6,292,812 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500,000 |
| 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 | $86,349 |
| 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 | $121,826 |
| Advertising and promotion | $1,155 |
| Office expenses | $2,707 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $280,760 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30,011 |
| Payments to affiliates | $53,867 |
| Depreciation, depletion, and amortization | $1,093,618 |
| Insurance | $12,055 |
| All other expenses | $9,679 |
| Total functional expenses | $2,192,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $0 |
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|---|---|---|
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Euclid Avenue Development Corporation Cleveland, OH | $92,407,891 | $9,458,468 |
Virginia Tech Real Estate Fdn Blacksburg, VA | $231,612,607 | $16,876,838 |
Alliance For Academic Internal Medicine Inc Alexandria, VA | $13,744,999 | $6,917,370 |
Columbus Learning Center Management Corporation Columbus, IN | $38,848,062 | $6,215,911 |
University Of Cincinnati Research Institute Cincinnati, OH | $5,011,413 | $4,382,075 |
Fayette County Child Development Inc Oak Hill, WV | $1,256,000 | $4,245,853 |
Jackson Foundation Inc Dickson, TN | $81,442,128 | $3,275,608 |
Influence 1 Memphis, TN | $6,214,331 | $4,262,960 |
Action For Healthy Kids Inc Chicago, IL | $3,842,848 | $2,908,557 |