University of Louisville Real Estate Foundation
97% goes to programs $0 to raise $100 Strong reserves Growing revenue
University of Louisville Real Estate Foundation is a 501(c)(3) organization based in Louisville, Kentucky, registered in 2016, with $100,713,374 in FY2023 revenue. CharityIndex grades it A, and it directs about 97% of spending to programs.
215 Central Ave Ste 212, Louisville, KY, 40208 EIN 47-2373203 Since 2016
Revenue (FY2023)
$100.7M
▲ 161.6% vs prior year
Philanthropy median: $168K
Expenses (FY2023)
$17.2M
Net assets
$201.2M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating97% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For University of Louisville Real Estate Foundation: 97% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating140 mo reserves · +83% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For University of Louisville Real Estate Foundation: 140 mo reserves · +83% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For University of Louisville Real Estate Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For University of Louisville Real Estate Foundation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To acquire, maintain, improve, leverage, manage, lease, and convey property (see schedule o) for the benefit of the university of louisville.
Contact & location
- Address
- 215 Central Ave Ste 212, Louisville, KY, 40208
- City
- Louisville
- State
- Kentucky
- Subcategory
- Public Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $7.0M (FY2014) to $100.7M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $39.7MNet assets $201.2M
Operating margin
82.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$240.9M
Total liabilities
$39.7M
Net assets
$201.2M
Salaries & benefits
$0
0% of expenses
Board members
10
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $100,713,374▲162% | $17,225,745▼4.9% | $201,212,487▲71.4% | $240,933,317▲43.4% | 990 |
| 2022 | $38,491,724▲24.2% | $18,119,853▲22.8% | $117,396,721▲20.9% | $167,969,861▲2.4% | 990 |
| 2021 | $30,989,906▲49.2% | $14,749,762▼13.1% | $97,126,616▲20.4% | $163,989,545▲4.9% | 990 |
| 2020 | $20,770,834▲34.6% | $16,972,521▲8.9% | $80,695,915▲4.9% | $156,388,720▼2.5% | 990 |
| 2019 | $15,434,967▼64.4% | $15,580,049▲24.7% | $76,939,854▼1.1% | $160,434,902▼4.6% | 990 |
| 2018 | $43,339,310▲128% | $12,491,121▲52.4% | $77,811,587▲84.5% | $168,218,960▲73.7% | 990 |
| 2017 | $19,049,918▲155% | $8,198,220▼18.1% | $42,181,862▲32.3% | $96,836,737▼8.7% | 990 |
| 2016 | $7,476,645▼88.1% | $10,012,878▲80.4% | $31,895,017▼9.2% | $106,116,852▼5.5% | 990 |
| 2015 | $62,935,812▲793% | $5,549,378▲6091% | $35,115,011▲382% | $112,276,697▲877% | 990 |
| 2014 | $7,045,648 | $89,635 | $7,287,633 | $11,491,564 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Charlie Dahlem | Director | 0.5 | — |
| Craig Hawley | Secretary & Treasurer (previous) | 1 | — |
| Jake Smith | Director | 0.5 | — |
| Jessica Cole | Director | 0.5 | — |
| Jill Force | Director | 0.5 | — |
| Keith Sherman | Executive Director & Coo | 27.5 | — |
| Kim Schatzel | Director | 0.5 | — |
| Mariah Gratz | Vice Chair | 1 | — |
| Mark Nickel | Director | 0.5 | — |
| Powell Spears | Director | 0.5 | — |
| Scott Brinkman | Director | 0.5 | — |
| Steve Gault | Chair | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Jason E Davis Homes LLC | Construction Services | $1,813,772 |
| Spray-tec Inc | Construction Services | $558,280 |
| Nts Management Company | Property Management | $342,832 |
| Louisville Mechanical Services Inc | Mechanical Services | $316,935 |
| Apogee Telecom | Network Technology Services | $300,150 |
Grants received · $42.4M total
3 grants to University of Louisville Real Estate Foundation totaling $42.4M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| University of Louisville Foundation Inc | General support | 2016 | $1,173,240 |
| University of Louisville Foundation Inc | General support | 2015 | $37,582,080 |
| University of Louisville Foundation Inc | General support | 2014 | $3,595,120 |
Grants made · $751K in FY2023
2 grants totaling $751K in FY2023. All grants made by University of Louisville Real Estate Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| University of Louisville | Supported organization | $677,290 |
| Louisville Medical Center Development Corporation | General support | $73,781 |
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Frequently asked questions
- Is University of Louisville Real Estate Foundation a legitimate nonprofit?
- Yes. University of Louisville Real Estate Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 47-2373203, based in Louisville, Kentucky. Donations are tax-deductible.
- What is University of Louisville Real Estate Foundation's EIN?
- University of Louisville Real Estate Foundation's Employer Identification Number (EIN) is 47-2373203.
- How much revenue does University of Louisville Real Estate Foundation report?
- University of Louisville Real Estate Foundation reported $100,713,374 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of University of Louisville Real Estate Foundation's spending goes to programs?
- University of Louisville Real Estate Foundation spends about 97% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does University of Louisville Real Estate Foundation have?
- CharityIndex grades University of Louisville Real Estate Foundation A, based on program efficiency and fundraising cost.
- How much does University of Louisville Real Estate Foundation's highest-paid employee make?
- The highest reported compensation on University of Louisville Real Estate Foundation's latest Form 990 is $0, paid to Charlie Dahlem (Director).
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Data for University of Louisville Real Estate Foundation (EIN 47-2373203) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.