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← UW-PLATTEVILLE REAL ESTATE FOUNDATION INC

Form 990 for tax year 2023

Filed by UW-PLATTEVILLE REAL ESTATE FOUNDATION INC.

Totals

Total revenue
$6,340,409
Total expenses
$5,183,124
Contributions and grants received
$0
Grants paid
$289,725
Program service revenue
$6,005,851
Investment income
$197,683
Other revenue
$136,875
Total assets, end of year
$43,446,705
Total liabilities, end of year
$37,694,100
Net assets or fund balances, end of year
$5,752,605
Program services expenses (Part IX)
$5,120,198
Management and general expenses
$62,926
Fundraising expenses
$0
Program service expenses (Part III)
$5,120,198

Program services were 98.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL INCOME

    total $6,005,851 · related or exempt $6,005,851

  • 3 · Investment income

    total $213,210 · excluded $213,210

  • 7a · Gross sales of assets other than inventory

    securities $471,006

  • 7b · Less cost or other basis and sales expenses

    securities $464,023 · other assets $22,510

  • 7c · Gain or loss

    securities $6,983 · other assets -$22,510

  • 7d · Net gain or loss

    total -$15,527 · excluded -$15,527

  • 11a · Other revenue: ANCILLARY STUDENT SERV

    total $76,178 · related or exempt $76,178

  • 11b · Other revenue: UNIVERSITY CONFERENCE

    total $32,296 · related or exempt $32,296

  • 11c · Other revenue: RETAIL INCOME - RENTAL

    total $19,531 · related or exempt $19,531

  • 11d · All other revenue

    total $8,870 · related or exempt $8,870

  • 11e · Other revenue, total

    $136,875

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $289,725 · program services $289,725

  • 5 · Compensation of officers, directors and key employees

    total $26,176 · management and general $26,176

  • 7 · Other salaries and wages

    total $370,785 · program services $370,785

  • 9 · Other employee benefits

    total $93,901 · program services $93,901

  • 10 · Payroll taxes

    total $29,533 · program services $29,533

  • 11a · Fees: management

    total $181,594 · program services $181,594

  • 11b · Fees: legal

    total $1,694 · management and general $1,694

  • 11c · Fees: accounting

    total $55,074 · program services $55,074

  • 11f · Fees: investment management

    total $34,627 · management and general $34,627

  • 12 · Advertising and promotion

    total $5,858 · program services $5,858

  • 13 · Office expenses

    total $106,452 · program services $106,452

  • 14 · Information technology

    total $19,620 · program services $19,620

  • 16 · Occupancy

    total $771,932 · program services $771,932

  • 17 · Travel

    total $5,271 · program services $5,271

  • 19 · Conferences, conventions and meetings

    total $52 · program services $52

  • 20 · Interest

    total $1,293,527 · program services $1,293,527

  • 22 · Depreciation, depletion and amortization

    total $1,701,544 · program services $1,701,544

  • 23 · Insurance

    total $590 · program services $590

  • 24a · Other expenses: THIRD PARTY RESIDENCE L

    total $144,683 · program services $144,683

  • 24b · Other expenses: LAUNDRY SERVICE EXPENSE

    total $11,965 · program services $11,965

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $11,559 · program services $11,559

  • 24d · Other expenses: CREDIT CARD PROCESSING

    total $10,433 · program services $10,433

  • 24e · All other expenses

    total $16,529 · program services $16,100 · management and general $429

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $482,704 · end of year $590,854

  • 4 · Accounts receivable

    beginning of year $133,490 · end of year $69,778

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,082 · end of year $20,605

  • 10a · Land, buildings and equipment: cost or other basis

    $50,694,935

  • 10b · Land, buildings and equipment: accumulated depreciation

    $18,778,790

  • 10c · Land, buildings and equipment, net

    beginning of year $32,975,993 · end of year $31,916,145

  • 11 · Investments: publicly traded securities

    beginning of year $7,048,806 · end of year $8,774,777

  • 15 · Other assets

    beginning of year $2,219,853 · end of year $2,074,546

  • 17 · Accounts payable and accrued expenses

    beginning of year $826,885 · end of year $889,430

  • 20 · Tax-exempt bond liabilities

    beginning of year $38,157,975 · end of year $36,804,670

  • 27 · Net assets without donor restrictions

    beginning of year $3,895,068 · end of year $5,752,605

Mission and programs · 2023

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.

  • 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.

    Expenses $5,120,198 · Grants $289,725 · Revenue $6,142,726

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Boldt

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Robert Vosberg

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Joe Bunker

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Barbara Prindiville

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jerold P Franke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Broihahn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeffery Matthias

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Kloster

    EXECUTIVE DIRECTOR

    Total calculated
    $26,666
    From this org
    $23,440
    From related orgs
    $0
    Other
    $3,226
    Hours/week
    20

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, 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. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • REF BRIDGEWAY COMMONS LLC

    CONSTRUCT AND LEASE BRIDGEWAY COMMONS, A STUDENT HOUSING FACILITY · WI · income $2,662,432 · assets $19,247,984

    Directly controlled by UW-PLATTEVILLE REAL ESTATE FOUNDATION INC

Provenance

Return type
form_990
Tax year
2023
Filed
13 January 2025
IRS schema version
2023v6.0
Source object
202500159349300115

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