Uw-platteville Real Estate Foundation Inc

Nonprofit profile at a glance

EIN
352396254
IRS 990 coverage
2012–2024
Forms available
Form 990 2024, Form 990-EZ 2011
Location
Platteville, WI, USA
Phone
6083301342
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Educational Services and Schools - Other

Reported finances

Revenue
$6,316,088
Expenses
$5,460,753
Assets
$43,824,191
Liabilities
$36,576,759

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • JOHN BOLDT (PRESIDENT)
  • JOE BUNKER (VICE PRESIDENT)
  • WILLIAM KLOSTER (EXECUTIVE DIRECTOR (THROUGH 04/25))
  • GERI ZAUCHE (EXECUTIVE DIRECTOR (BEG 04/25))

Highest reported compensation

  • WILLIAM KLOSTER (EXECUTIVE DIRECTOR (THROUGH 04/25)): $25,424 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To accept, acquire, lease, hold, develop, operate, manage, sell, transfer and otherwise deal in real estate for furtherance of the purposes of the uw-platteville foundation, inc.

What it reported doing in 2024

The real estate foundation managed the development of a residence hall, rountree commons, which was put into use at the end of august 2012. The real estate foundation contracted a third party to manage the daily operations of rountree commons after construction was completed. A second residence hall, bridgeway commons, was constructed and put into use in august 2013. The real estate foundation leased bridgeway commons to the university of Wisconsin - platteville and all daily operations of the residence hall are managed by the university. Both buildings support the activities of uw-platteville primarily as housing. The operations also include food services and parking. The real estate foundation rents space to the university in rountree commons for a small cafe and a small parking lot. During the summer months, rountree commons also provides housing for camps and conferences sponsored by the university.

Operating model

Revenue model
Earned-program. 96% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 91% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 93
  • Accountability: 79
  • Sustainability: 69
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.1%; rating input score 83
  • Program expense ratio: 98.4%; rating input score 98
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 13.5%; rating input score 69; 69th percentile among comparable filings
  • Total-asset coverage ratio: 8.03; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 0.83; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 0.5%; rating input score 82; 82nd percentile among comparable filings

Growth

  • Program expense growth: -1% per year; rating input score 0; 11th percentile among comparable filings
  • Revenue growth: 5.1% per year; rating input score 100; 42nd percentile among comparable filings
  • Asset growth: 2.3% per year; rating input score 100; 21st percentile among comparable filings

Details

  • Where the money goes: 83.1% of revenue deployed · 98.4% of spending went to programs
  • Governance: 5 of 5 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $5.4M in reported program spending
  • Leadership: top reported pay $25K · 7 people listed
  • Highest-paid contractors: 1 contractor listed · $176K reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 6 filed schedules · includes grants
  • Filing history: 12 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 3 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 — Accountability: Governance controls: 4 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.