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Realdania

  • Denmark, Outside U.S.
  • Tax-exempt since April 2023
  • EIN: 98-0606302

Organization summary

Type of Nonprofit

Designated as a Civic leagues, social welfare organizations and local associations of employees, created to promote community welfare for charitable, educational or recreational purposes.

Category: Community Improvement, Capacity Building / Community, Neighborhood Development, Improvement (General) (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$206M (2023)

Expenses
$202M (2023)

Total Assets
$4.59B (2023)

Total Liabilities
$685M (2023)

Years with missing data
Source: Form 990 tax filings from 2015 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$205,700,000
Expenses
$202,426,509
Net Income
$3,273,491
Net Assets
$3,906,100,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $205,700,000
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $3,396,557
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $7,999,787
4.0%
Assets/Debt
Total Assets $4,591,400,000
Total Liabilities $685,300,000
Net Assets $3,906,100,000
Compensation
Key Employees and Officers Compensation Related Other
Jesper Nygard (Ceo) $679,639 $0 $113,789
Nina Kovsted Helk (Director For Philosophy) $376,608 $0 $63,869
Kenneth Lillelund Winther (Cio) $370,047 $0 $63,096
Henrik Stage (Cfo) $297,349 $0 $44,602
Pui Ling Lau (Coo) $268,980 $0 $40,347
Kresten Dahl Juelner (Head Of Real Estate) $261,597 $0 $35,431
Daniel Probst (Head Of Equities) $259,803 $0 $38,970
Jesper Walther Sorensen (Head Of Fixed Income) $246,540 $0 $36,981
Casper Simonsen (Head Of Mission Oriented Investments) $236,174 $0 $27,650
Poul Boss Sovang (Head Of Private Equity) $231,361 $0 $24,963
Lars Krarup (Board Member) $131,225 $0 $0
Kristine Leth Juul (Board Member) $65,913 $0 $0
Palle Adamsen (Board Member) $43,742 $0 $0
Pernille Rusz Bloch (Board Member) $43,742 $0 $0
Per Feldthaus (Board Member) $43,742 $0 $0
Mette Kynne Frandsen (Board Member) $43,742 $0 $0
Gunde Odgaard (Board Member (Thru Oct 2023)) $43,742 $0 $0
Per Egebak Have (Board Member) $43,742 $0 $0
Lars Hvidtfeldt (Board Member) $43,742 $0 $0
Niels Ulrik Mousten (Board Member) $43,742 $0 $0
Christina Holberg Fenger (Board Member) $29,562 $0 $0
Majken Schultz (Board Member (Thru Apr 2023)) $24,815 $0 $0
Allan Malskaer (Board Member) $4,374 $0 $0
Anders Christen Obel (Board Member (Thru Dec 2023)) $4,374 $0 $0
Anders Hjulmand (Board Member (Thru Dec 2023)) $4,374 $0 $0
See filing for compensation of 91 other people →
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Document Links

990
Filed on Nov. 13, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$293,300,000
Expenses
$208,849,748
Net Income
$84,450,252
Net Assets
$3,690,400,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $293,300,000
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $3,363,934
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $7,618,883
3.6%
Assets/Debt
Total Assets $4,301,000,000
Total Liabilities $610,600,000
Net Assets $3,690,400,000
Compensation
Key Employees and Officers Compensation Related Other
Jesper Nygard (Ceo) $658,720 $0 $112,519
Nina Kovsted Helk (Director For Philosophy) $367,554 $0 $63,156
Kenneth Lillelund Winther (Cio) $364,375 $0 $62,391
Henrik Stage (Cfo) $294,030 $0 $44,104
Michael Kjaerbye Thygesen (Chief Strategist) $283,834 $0 $30,630
Pui Ling Lau (Coo) $265,977 $0 $39,896
Daniel Probst (Head Of Equities) $258,161 $0 $38,724
Jesper Walther Sorensen (Head Of Fixed Income) $244,983 $0 $36,747
Casper Simonsen (Head Of Mission Oriented Investments) $232,190 $0 $26,947
Poul Boss Sovang (Head Of Private Equity) $230,384 $0 $24,684
Lars Krarup (Board Member) $133,004 $0 $0
Majken Schultz (Board Member) $77,586 $0 $0
Palle Adamsen (Board Member) $44,335 $0 $0
Pernille Rusz Bloch (Board Member) $44,335 $0 $0
Per Feldthaus (Board Member) $44,335 $0 $0
Mette Kynne Frandsen (Board Member) $44,335 $0 $0
Gunde Odgaard (Board Member) $44,335 $0 $0
Per Egebak Have (Board Member) $44,335 $0 $0
Lars Hvidtfeldt (Board Member) $44,335 $0 $0
Kristine Leth Juul (Board Member) $44,335 $0 $0
Niels Ulrik Mousten (Board Member) $44,335 $0 $0
Allan Malskaer (Board Member) $4,431 $0 $0
Anders Christen Obel (Board Member) $4,431 $0 $0
Anders Hjulmand (Board Member) $4,431 $0 $0
Andreas Just Karberg (Board Member) $4,431 $0 $0
See filing for compensation of 89 other people →
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Document Links

990
Filed on Nov. 3, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$479,000,000
Expenses
$312,237,347
Net Income
$166,762,653
Net Assets
$4,170,500,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $479,000,000
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $3,544,851
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $7,955,693
2.5%
Assets/Debt
Total Assets $4,892,500,000
Total Liabilities $722,000,000
Net Assets $4,170,500,000
Compensation
Key Employees and Officers Compensation Related Other
Jesper Nygard (Ceo) $694,964 $0 $119,185
Nina Kovsted Helk (Director For Philosophy) $386,023 $0 $66,081
Kenneth Lillelund Winther (Cio) $384,053 $0 $65,281
Michael Kjaerbye Thygesen (Chief Strategist) $310,158 $0 $32,048
Henrik Stage (Cfo) $307,650 $0 $46,147
Andreas Nickelsen (Head Of Real Estate) $298,732 $0 $30,762
Daniel Probst (Head Of Equities) $290,461 $0 $30,755
Jesper Walther Sorensen (Head Of Fixed Income) $277,396 $0 $29,510
Pui Ling Lau (Coo) $264,124 $0 $39,619
Kasper Jannings (Senior Analyst) $220,071 $0 $25,279
Michael Brockenhuus Schack (Board Member) $92,796 $0 $0
Majken Schultz (Board Member) $83,209 $0 $0
Lars Krarup (Board Member) $80,781 $0 $0
Palle Adamsen (Board Member) $47,548 $0 $0
Pernille Rusz Bloch (Board Member) $47,548 $0 $0
Per Feldthaus (Board Member) $47,548 $0 $0
Mette Kynne Frandsen (Board Member) $47,548 $0 $0
Gunde Odgaard (Board Member) $47,548 $0 $0
Per Egebak Have (Board Member) $47,548 $0 $0
Peter Holtermand (Board Member) $36,586 $0 $0
Helle Soholt (Board Member) $30,932 $0 $0
Lars Hvidtfeldt (Board Member) $16,616 $0 $0
Kristine Leth Juul (Board Member) $16,616 $0 $0
Niels Ulrik Mousten (Board Member (Beg Oct 2021)) $10,963 $0 $0
Allan Malskaer (Board Member) $4,754 $0 $0
See filing for compensation of 100 other people →
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Document Links

990
Filed on Nov. 10, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$178,300,000
Expenses
$252,474,396
Net Income
-$74,174,396
Net Assets
$4,014,100,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $178,300,000
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $3,450,666
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $7,406,115
2.9%
Assets/Debt
Total Assets $4,744,200,000
Total Liabilities $730,100,000
Net Assets $4,014,100,000
Compensation
Key Employees and Officers Compensation Related Other
Jesper Nygard (Ceo) $677,539 $0 $116,137
Nina Kovsted Helk (Director For Philanthropy) $354,839 $0 $60,499
Kenneth Lillelund Winther (Cio (Beg. February 2020)) $330,266 $0 $55,752
Henrik Stage (Cfo) $299,782 $0 $44,967
Michael Kjaerbye Thygesen (Chief Strategist) $291,744 $0 $31,445
Andreas Nickelsen (Head Of Real Estate) $274,721 $0 $29,312
Daniel Probst (Head Of Equities) $271,545 $0 $29,968
Jesper Walther Soerensen (Portfolio Manager) $263,122 $0 $29,128
Pui Ling Lau (Coo) $257,370 $0 $38,606
Simon Slot (Head Of Credit And Mri) $231,228 $0 $25,916
Michael Brockenhuus Schack (Board Member) $141,359 $0 $0
Majken Schultz (Board Member) $67,735 $0 $0
Gunde Odgaard (Board Member) $47,120 $0 $0
Helle Soeholt (Board Member) $47,120 $0 $0
Lars Krarup (Board Member) $47,120 $0 $0
Mette Kynne Frandsen (Board Member) $47,120 $0 $0
Palle Adamsen (Board Member) $47,120 $0 $0
Per Feldthaus (Board Member) $47,120 $0 $0
Pernille Ruesz Bloch (Board Member) $47,120 $0 $0
Peter Hoeltermand (Board Member) $47,120 $0 $0
Peter Johansen (Cio (Thru February 2020)) $47,027 $0 $8,140
Carsten With Thygesen (Board Member (Thru June 2020)) $34,358 $0 $0
Per Egebak Have (Board Member (Beg. June 2020)) $27,487 $0 $0
Allan Malskaer (Board Member) $4,710 $0 $0
Anders Christen Obel (Board Member) $4,710 $0 $0
See filing for compensation of 92 other people →
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Document Links

990
Filed on Nov. 10, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$152,300,000
Expenses
$206,387,756
Net Income
-$54,087,756
Net Assets
$3,029,400,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $152,300,000
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $3,268,766
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $5,810,138
2.8%
Assets/Debt
Total Assets $3,581,200,000
Total Liabilities $551,800,000
Net Assets $3,029,400,000
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jesper Nygard (Ceo) $597,052 $0 $104,167
Peter Johansen (Cio) $346,053 $0 $54,745
Hans Peter Svendler (Director For Philanthropy) $292,195 $0 $69,565
Henrik Stage (Cfo) $268,883 $0 $40,332
Ole Christensen (Portfolio Manager) $259,955 $0 $29,245
Peter Juhl Nielsen (Portfolio Manager) $259,260 $0 $25,926
Jesper Walther Soerensen (Portfolio Manager) $222,044 $0 $26,645
Pui Ling Lau (Coo) $208,333 $0 $31,250
Curt Liljegren (Project Director) $169,830 $0 $25,474
Michael Kjaerbye Thygesen (Chief Strategist) $162,037 $0 $16,204
Anne Skovbro (Director For Philanthropy) $140,016 $0 $23,698
Michael Brockenhuus Schack (Board Member) $138,889 $0 $0
Carsten With Thygesen (Board Member) $81,019 $0 $0
Gunde Odgaard (Board Member) $46,296 $0 $0
Helle Soeholt (Board Member) $46,296 $0 $0
Joergen Zartow (Board Member) $46,296 $0 $0
Lars Krarup (Board Member) $46,296 $0 $0
Lone Faerch (Board Member) $46,296 $0 $0
Majken Schultz (Board Member) $46,296 $0 $0
Niels Roth (Board Member) $46,296 $0 $0
Palle Adamsen (Board Member) $46,296 $0 $0
Per Feldthaus (Board Member) $46,296 $0 $0
Agneta Bjoerkman (Board Member) $4,633 $0 $0
Allan Malskaer (Board Member) $4,633 $0 $0
Anders Christen Obel (Board Member) $4,633 $0 $0
See filing for compensation of 96 other people →
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Document Links

990
Filed on Nov. 11, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
PDF (2 of 2)

Fiscal Year Ending Dec.
2014

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated