University Of Louisville Real Estate Foundation

Organization Overview

University Of Louisville Real Estate Foundation is located in Louisville, KY. The organization was established in 2016. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Louisville 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 06/2021, University Of Louisville Real Estate Foundation generated $20.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.9%) each year. All expenses for the organization totaled $17.0m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, University Of Louisville Real Estate Foundation has awarded 11 individual grants totaling $6,980,685. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ACQUIRE, MAINTAIN, IMPROVE, LEVERAGE, MANAGE, LEASE, AND CONVEY PROPERTY (SEE SCHEDULE O) FOR THE BENEFIT OF THE UNIVERSITY OF LOUISVILLE.

Describe the Organization's Program Activity:

THE REAL ESTATE ASSETS HELD BY THE FOUNDATION ARE USED BY, OR FOR THE BENEFIT OF, THE UNIVERSITY OF LOUISVILLE.


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Board, Officers & Key Employees

Name (title)Compensation
Steve Gault
Vice Chair
$0
Craig Hawley
Secretary & Treasurer
$0
Ken Payne
Chair
$0
Keith Sherman
Executive Director & COO
$0
Neeli Bendapudi
Director
$0
Jill Force
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Extreme Property Management Llc
Construction Services
$907,168
Rowan Downstream Llc
Property Management
$489,872
Nts Management Company
Property Management
$349,404
Apogee Telecom Inc
It Services
$308,400
First Class Commercial Cleaning
Cleaning Services
$280,197
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$5,088,100
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$5,088,100
Total Program Service Revenue$13,619,655
Investment income $525,010
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$305,412
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $20,770,834

Grants Awarded

Over the last fiscal year, University Of Louisville Real Estate Foundation has awarded $1,188,662 in support to 2 organizations.

Grant RecipientAmount

UNIVERSITY OF LOUISVILLE

PURPOSE: SUPPORTED ORGANIZATION

$674,398

LOUISVILLE MEDICAL CENTER DEVELOPMENT CORPORATION

Org PageRecipient Profile

Louisville, KY

PURPOSE: GENERAL SUPPORT

$514,264
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that University Of Louisville Real Estate Foundation has recieved totaling $1,173,240.

Awarding OrganizationAmount
University Of Louisville Foundation Inc

Louisville, KY

PURPOSE: GENERAL SUPPORT

$1,173,240
View Grant Recipient Profile

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