Blugold Real Estate Foundation Inc
Nonprofit profile at a glance
- EIN
- 471689874
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024, Form 990-T 2021
- Location
- Eau Claire, WI, USA
- Phone
- 7158362987
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $7,857,758
- Expenses
- $7,771,456
- Assets
- $98,500,235
- Liabilities
- $46,960,099
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- TERRY MCMAHON (PRESIDENT/CHAIR)
- TIM OLSON (VICE PRESIDENT)
- KIMERA M WAY (EXECUTIVE DIRECTOR (THRU 09/24))
- CURT KRIZAN (EXECUTIVE DIRECTOR)
People named in this filing
- TERRY MCMAHON (PRESIDENT/CHAIR)
- TIM OLSON (VICE PRESIDENT)
- PATRICIA LIEN (ASSISTANT SECRETARY (THRU 11/24))
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The corporation is organized and shall be operated exclusively for charitable, educational, and scientific purposes. The corporation shall be operated for the benefit of and in alignment with the university of Wisconsin-eau claire foundation, inc. And the university of Wisconsin-eau claire. The most significant activities of the corporation are listed below.to accept, acquire, lease, hold, develop, operate, manage, sell, transfer, and otherwise deal in real estate for use and enjoyment by, in furtherance of the purpose of, and for the exclusive benefit of the university of Wisconsin-eau claire foundation, inc. And the university of Wisconsin-eau claire.to rent affordable student housing and to create affordable low income housing projects, primarily for students (especially for low income students), as determined in accordance with the income limits published by the federal department of housing and urban development under the national housing act of 1937.
What it reported doing in 2024
The organization holds several properties to support the residential housing needs of the university students and faculty. In addition, the organization holds properties to support the programs of the university.
Operating model
- Revenue model
- Earned-program. 79% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 69% for direct work, and 31% for grants.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some related-organization disclosures are missing.
Rating breakdown
- Financial Efficiency: 53
- Transparency & Controls: 90
- Accountability: 100
- Sustainability: 59
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 59.3%; rating input score 59
- Program expense ratio: 60.8%; rating input score 61
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 13th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: No; rating input score 0
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 7 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 1.1%; rating input score 38; 38th percentile among comparable filings
- Total-asset coverage ratio: 12.67; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0.48; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings
Growth
- Program expense growth: 10.7% per year; rating input score 100; 66th percentile among comparable filings
- Revenue growth: 16.8% per year; rating input score 100; 84th percentile among comparable filings
- Asset growth: 13.9% per year; rating input score 100; 71st percentile among comparable filings
Details
- Where the money goes: 59.3% of revenue deployed · 60.8% of spending went to programs
- Governance: 8 of 8 board members independent · 7 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $4.7M in reported program spending
- Leadership: top reported pay $0 · 13 people listed
- Consistency: 24 of 25 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors and grants
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 6 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 59/100.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- Moderate — Sustainability: Operating margin scored 38/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 22/100.