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← NIU REAL ESTATE FOUNDATION

Form 990-EZ for tax year 2024

Filed by NIU REAL ESTATE FOUNDATION.

Totals

Total revenue
$13,721
Total expenses
$15,533
Contributions and grants received
$0
Grants paid
not reported
Program service revenue
not reported
Membership dues (line 3)
not reported
Investment income (line 4)
not reported
Gain or loss on sale of assets (line 5c)
not reported
Gaming and fundraising events, net (line 6d)
not reported
Gross profit on inventory sales (line 7c)
not reported
Other revenue (line 8)
$13,721
Total assets, end of year
$270,500
Total liabilities, end of year
$6,131
Net assets or fund balances, end of year
$264,369
Program service expenses (Part III)
$0

Program services were 0.0% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.

Mission and programs · 2024

Primary exempt purpose

RECEIVE CONTRIBUTIONS OF REAL ESTATE, TO HOLD, MANAGE, LEASE, MORTGAGE, DEVELOP, TRADE, ADMINISTER AND SELL SUCH REAL ESTATE AND TO CONTRIBUTE OR DISTRIBUTE ALL OR A PORTION OF THE NET PROCEEDS FROM SUCH ACTIVITIES OF SUCH REAL ESTATE TO (I) NORTHERN ILLINOIS UNIVERSITY FOUNDATION, A NOT FOR PROFIT CORPORATION OF THE STATE OF ILLINOIS (THE "NIU FOUNDATION"); (II) NORTHERN ILLINOIS UNIVERSITY, A PUBLIC CORPORATION OF THE STATE OF ILLINOIS (THE "UNIVERSITY"); OR (III) SUCH OTHER ENTITY AS THE BOARD OF DIRECTORS OF THE CORPORATION MAY DETERMINE IS APPROPRIATE.

  • RECEIVE CONTRIBUTIONS OF REAL ESTATE, TO HOLD, MANAGE, LEASE, MORTGAGE, DEVELOP, TRADE, ADMINISTER AND SELL SUCH REAL ESTATE AND TO CONTRIBUTE OR DISTRIBUTE ALL OR A PORTION OF THE NET PROCEEDS FROM SUCH ACTIVITIES OF SUCH REAL ESTATE TO (I) NORTHERN ILLINOIS UNIVERSITY FOUNDATION, A NOT FOR PROFIT CORPORATION OF THE STATE OF ILLINOIS (THE "NIU FOUNDATION"); (II) NORTHERN ILLINOIS UNIVERSITY, A PUBLIC CORPORATION OF THE STATE OF ILLINOIS (THE "UNIVERSITY"); OR (III) SUCH OTHER ENTITY AS THE BOARD OF DIRECTORS OF THE CORPORATION MAY DETERMINE IS APPROPRIATE. IN FY25, THE NIU REAL ESTATE FOUNDATION ACQUIRED A PROPERTY TO ADVANCE A FUTURE PHILANTHROPICALLY FUNDED BUILDING PROJECT. THE PROJECT IS FOR A CENTER FOR GREEK LIFE BUILDING, WHICH IS A STRATEGIC PRIORITY FOR NIU.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part IV

  • Cherilyn Murer

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Wheeler Coleman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Richard Escalante

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jack Tierney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kevin Sullivan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Catherine Squires

    PRESIDENT/INTERIM SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Jean Godlewski

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Michael Cullen

    SECRETARY - PART YEAR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990_ez
Tax year
2024
Filed
4 November 2025
IRS schema version
2024v5.2
Source object
202523169349201537

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