CITADEL REAL ESTATE FOUNDATION

As filed

Subsection

03

NTEE code

B11

Classification

1000

Street

171 MOULTRIE ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• TCREF OWNS AND OVERSEES EIGHT PROPERTIES. FOUR PROPERTIES OPERATE UNDER LEASE AGREEMENTS AND ARE MANAGED BY A PROPERTY MANAGEMENT COMPANY. ONE PROPERTY OPERATES AS AN EVENT VENUE AND PREMIER SHORT-TERM RESIDENCE FOR VISITING FACULTY, HIGH-LEVEL DONORS, AND VIPS. THREE OF THE FOUR PROPERTIES PURCHASED DURING THE YEAR 2024 WILL BE LEASED ONCE RENOVATIONS ARE COMPLETE; THE OTHER PURCHASED PROPERTY WAS RENOVATED AND UNDER A LEASE AGREEMENT BY THE END OF THE YEAR.

  Expenses $1,292,975 · Revenue $83,458

• TCREF HELPED SUPPORT THE CONSTUCTION OF THE BASTIN HALL SCHOOL OF BUSINESS FOR THE CITADEL. TCREF LEASES THE BUILDING TO THE CITADEL, AND THE CITADEL PROVIDES USE OF THE LAND ON WHICH THE BUILDING SITS. LEASE REVENUE FOR THE BASTIN HALL BUILDING IS A FUNCTION OF DEBT SERVICE RELATED TO THE BUILDING AND DONOR FUNDS RAISED FOR THE CONSTRUCTION OF THE BUILDING PROVIDED THROUGH THE CITADEL FOUNDATION.

  Expenses $1,306,680

• IN ACCORDANCE WITH THE COLLEGE'S "CAMPUS EDGE PLAN", TCREF CONTINUES ITS LONG-TERM STRATEGY OF ACQUISITION AND RENOVATION OF KEY RESIDENTIAL PROPERTIES ON DUNNEMANN AVENUE, GROVE STREET, AND OTHER SURROUNDING PROPERTIES ADJACENT TO THE CAMPUS PROPERTY LINE. TCREF PURCHASED FOUR ADDITIONAL PROPERTIES DURING 2024 FOR A TOTAL OF APPROXIMATELY $6.2 MILLION.

  Expenses $4,000

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

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $7,213,647

  Expenses

  $2,756,747

  Contributions

  $7,007,362

  Grants paid

  $0

• 2023

  Revenue

  $201,708

  Expenses

  $2,099,330

  Contributions

  $7,650

  Grants paid

  $0

• 2022

  Revenue

  $2,659,372

  Expenses

  $2,082,543

  Contributions

  $150,000

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2024 · 990-T

  Revenue

  — not reported

  Expenses

  — not reported

  Assets (EOY)

  — not reported

• 2021 · 990

  Revenue

  $3,092,140

  Expenses

  $1,597,203

  Assets (EOY)

  $30,739,900

• 2020 · 990

  Revenue

  $1,574,072

  Expenses

  $153,348

  Assets (EOY)

  $23,720,494

• 2019 · 990

  Revenue

  $6,719,405

  Expenses

  $451,392

  Assets (EOY)

  $10,741,360

• 2018 · 990

  Revenue

  $125

  Expenses

  $430,510

  Assets (EOY)

  $3,701,655

• 2017 · 990

  Revenue

  $7

  Expenses

  $322,090

  Assets (EOY)

  $3,030,700

• 2016 · 990

  Revenue

  $3,000,000

  Expenses

  $27,395

  Assets (EOY)

  $3,045,107

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• CITADEL FOUNDATION

  $7,007,367

  2024 · FINANCIAL ASSISTANCE FOR CONSTRUCTION OF BASTIN HALL, PURCHASE OF PROPERTIES

• CITADEL FOUNDATION

  $150,000

  2022 · TO PROVIDE FINANCIAL ASSISTANCE FOR THE CONSTRUCTION OF BASTIN HALL.

• NATIONAL PHILANTHROPIC TR

  $100,000

  2024 · EDUCATION

• CITADEL FOUNDATION

  $7,650

  2023 · TO PROVIDE FINANCIAL ASSISTANCE FOR THE CONSTRUCTION OF BASTIN HALL.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files