BLUGOLD REAL ESTATE FOUNDATION INC

EIN: 471689874 501(c)(3) Housing & Shelter

EAU CLAIRE, WI

Total Revenue
$7,857,758
Total Expenses
$7,771,456
Total Assets
$98,500,235
Net Assets
$51,540,136
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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
WI
Principal Officer
CURT KRIZAN
Phone
7158362987
Tax Period
2024-07-01 to 2025-06-30

BLUGOLD REAL ESTATE FOUNDATION INC, founded in 2014, is a community nonprofit in the Housing & Shelter sector that reported $7.9M in total revenue in fiscal year 2024. Net assets of $51.5M represent 79 months of operating reserves.

Mission

THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES. THE CORPORATION SHALL BE OPERATED FOR THE BENEFIT OF AND IN ALIGNMENT WITH THE UNIVERSITY OF WISCONSIN-EAU CLAIRE FOUNDATION, INC. AND THE UNIVERSITY OF WISCONSIN-EAU CLAIRE. THE MOST SIGNIFICANT ACTIVITIES OF THE CORPORATION ARE LISTED BELOW.TO ACCEPT, ACQUIRE, LEASE, HOLD, DEVELOP, OPERATE, MANAGE, SELL, TRANSFER, AND OTHERWISE DEAL IN REAL ESTATE FOR USE AND ENJOYMENT BY, IN FURTHERANCE OF THE PURPOSE OF, AND FOR THE EXCLUSIVE BENEFIT OF THE UNIVERSITY OF WISCONSIN-EAU CLAIRE FOUNDATION, INC. AND THE UNIVERSITY OF WISCONSIN-EAU CLAIRE.TO RENT AFFORDABLE STUDENT HOUSING AND TO CREATE AFFORDABLE LOW INCOME HOUSING PROJECTS, PRIMARILY FOR STUDENTS (ESPECIALLY FOR LOW INCOME STUDENTS), AS DETERMINED IN ACCORDANCE WITH THE INCOME LIMITS PUBLISHED BY THE FEDERAL DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT UNDER THE NATIONAL HOUSING ACT OF 1937.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,461,674
Program Service Revenue $6,170,585
Investment Income $109,415
Other Revenue $116,084
TOTAL REVENUE $7,857,758

Expense Breakdown

Grants Paid $1,461,674
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $4,722,545
Other Expenses $6,309,782
TOTAL EXPENSES $7,771,456

Year-over-Year Comparison

2024 2023 Change
Revenue $7,857,758 $8,235,634 0.0%
Expenses $7,771,456 $7,200,260 +0.1%
Net Income $86,302 $1,035,374 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
6

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRY MCMAHON PRESIDENT/CHAIR 1.00
Officer Director
$0 $0 $0
TIM OLSON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
PATRICIA LIEN ASSISTANT SECRETARY (THRU 11/24) 1.00
Officer Director
$0 $0 $0
META MISKE SECRETARY 1.00
Officer Director
$0 $0 $0
CHAR GURNEY DIRECTOR 1.00
Director
$0 $0 $0
CHOPS HANCOCK DIRECTOR 1.00
Director
$0 $0 $0
NEIL LIPINSKI DIRECTOR 1.00
Director
$0 $0 $0
STEVE SEMINGSON DIRECTOR 1.00
Director
$0 $0 $0
NATE SMITH DIRECTOR 1.00
Director
$0 $0 $0
KIMERA M WAY EXECUTIVE DIRECTOR (THRU 09/24) 1.00
Officer
$0 $0 $0
CURT KRIZAN EXECUTIVE DIRECTOR 1.00
Officer
$0 $0 $0
ASPEN RYSKOSKI TREASURER (THRU 11/24) 1.00
Officer
$0 $0 $0
DENNIS BODA TREASURER 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $7,857,758 $7,771,456 $98,500,235 $86,302
2024 $8,235,634 $7,200,260 $101,284,472 $1,035,374
2023 $11,327,178 $4,412,794 $100,691,745 $6,914,384
2022 $49,306,689 $4,818,810 $94,880,702 $44,487,879
2021 $5,562,467 $4,037,501 $54,871,317 $1,524,966
2020 $5,022,302 $7,750,012 $56,244,478 $-2,727,710
2019 $3,659,032 $6,125,861 $57,493,622 $-2,466,829
2018 $4,320,400 $3,861,536 $62,990,424 $458,864
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