Overview
What is Cogdell Properties Inc?
Cogdell Properties Inc is a corporation primarily focused on real estate. Its primary function is to hold title to properties and collect income generated from them. This income is then remitted to its sole shareholder, the Commingled Pension Trust Fund, which is exempt from federal income taxation. The property's proceeds are assigned to the stockholders, who are pension trusts, in exchange for their investment funds. The corporation operates under the Internal Revenue Code, specifically Sections 401 and 501, and is not classified as a nonprofit organization in this context.
Is Cogdell Properties Inc legitimate?
Cogdell Properties Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Cogdell Properties Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Other Salaries and Wages: $0
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What is the mission statement of Cogdell Properties Inc?
Cogdell Properties Inc is established with the primary purpose of holding title to properties and generating income from them. This income, after deducting expenses, is then distributed to its shareholder, a Pension Trust Fund, which is exempt from federal income tax under Section 501(a) of the Internal Revenue Code of 1986. The Corporation's role is to assign the proceeds from the properties to its stockholders, who are pension trusts, in exchange for the funds used to purchase the properties. These pension trusts are also exempt from federal income tax under Sections 401 and 501 of the Internal Revenue Code of 1954.
Who is the CEO of Cogdell Properties Inc?
Daniel T Sang is the President of Cogdell Properties Inc.
What is the revenue of Cogdell Properties Inc?
Cogdell Properties Inc's revenue in 2022 was $457,023.
Who are the executives of Cogdell Properties Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Cogdell Properties Inc?
Cogdell Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cogdell Properties Inc
Cogdell Properties Inc, as per its mission, is primarily established with the sole purpose of owning and managing real estate properties. The corporation's primary objective is to generate income from these properties and subsequently distribute this income to its primary shareholder, the Commingled Pension Trust Fund. This fund, being exempt from federal income tax under sections 401 and 501 of the Internal Revenue Code of 1954, plays a significant role in the corporation's operations. The corporation's role is to purchase properties using funds provided by these pension trusts, and in return, it assigns the proceeds from these properties to its stockholders, who are these same pension trusts, in consideration of their financial contributions.
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Impact
October, 2024
Cogdell Properties Inc plays a significant role in managing real estate assets and facilitating financial growth for pension trusts. By holding title to properties and collecting income from them, the corporation ensures a steady revenue stream, which is then remitted to its sole shareholder, the Commingled Pension Trust Fund. This model not only provides financial returns to pension trusts but also supports the overall stability and performance of retirement funds for beneficiaries.
Through its operations in Newark, Delaware, Cogdell Properties enhances community improvement by maintaining and potentially developing the properties it manages. The financial proceeds generated help secure the future of pension fund beneficiaries, empowering them with reliable retirement benefits. The entity’s focus on returning income to pension trusts contributes to the broader economic landscape by ensuring that funds are invested wisely and effectively, supporting both individual security and community development in the process.
This information is meant to be a general summary of Cogdell Properties Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $457,023
Assets and Liabilities:
- Total Assets: $1,000
- Total Liabilities: $0
- Net Assets: $1,000
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Organization Details
Founding Year
1956
Phone
(302) 634-1114Principal Officer
Daniel T Sang
Main Address
500 Stanton Christiana RD NCC 1-3, Newark, DE, 19713
NTEE Category
Code: S47 - Community improvement
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