Overview
What is Astor Place Holding Corporation?
Astor Place Holding Corporation serves as a real estate holding entity, managing properties for the benefit of the Cooper Union for the Advancement of Science and Art, a nonprofit organization that is exempt from federal income taxes under Section 501(C)(3) of the Internal Revenue Code. The corporation's primary function is to collect income from these properties and subsequently transfer the entire amount, minus expenses, to the Cooper Union. This arrangement allows the Cooper Union to utilize the income for its educational and scientific pursuits, ultimately contributing to the advancement of knowledge in these fields.
Official website here: www.cooper.edu
What do the Facebook reviews say about Astor Place Holding Corporation?
80% of 305 reviewers on Facebook recommend Astor Place Holding Corporation. Here’s what they are saying:
Many individuals express their appreciation for the services provided, noting positive experiences and specific benefits received from their involvement. One user highlighted the significant impact of support received, reflecting satisfaction with the assistance and resources that the organization offers. This sentiment suggests that Astor Place Holding Corporation is effectively meeting the needs of its community members.
Overall, it appears that while there are mixed feelings, a notable portion of users feels grateful and supported by the initiatives of the nonprofit, indicating that it generally makes a positive impression on those it serves.
This AI summary has been generated from reviews found on Facebook.
Is Astor Place Holding Corporation legitimate?
Astor Place Holding Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Astor Place Holding Corporation 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cooper.edu
What is the mission statement of Astor Place Holding Corporation?
Astor Place Holding Corporation is organized with a specific purpose. Its role is to hold title to property and collect income from it. After covering expenses, the corporation then transfers the remaining amount to the Cooper Union for the Advancement of Science and Art, an organization exempt from federal income taxes under Section 501(C)(3) of the Internal Revenue Code. The primary aim of Astor Place Holding Corporation is to support the Cooper Union financially, contributing to its mission of promoting science, art, and education. The corporation's activities are structured to ensure a steady flow of funds to support the Cooper Union's activities and initiatives.
Official website here: www.cooper.edu
Who is the CEO of Astor Place Holding Corporation?
Laura Sparks is the President of Astor Place Holding Corporation.
Official website here: www.cooper.edu
What is the revenue of Astor Place Holding Corporation?
Astor Place Holding Corporation's revenue in 2022 was $1,461,984.
Official website here: www.cooper.edu
Who are the executives of Astor Place Holding Corporation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $533,943
- Other: $243,230
- Compensation: $0
- Related: $296,395
- Other: $59,486
- Compensation: $0
- Related: $127,538
- Other: $48,089
- Compensation: $0
- Related: $185,748
- Other: $52,425
Official website here: www.cooper.edu
Where can I find the form 990 for Astor Place Holding Corporation?
Astor Place Holding Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cooper.edu
Learn more at the official website: www.cooper.edu
Mission Statement of Astor Place Holding Corporation
Astor Place Holding Corporation, as a holding company, serves a unique purpose. Its mission is to collect income from various sources and then transfer the total amount, less any expenditures, to Cooper Union for the Advancement of Science and Art. This nonprofit organization, exempt from federal income taxes under Section 501(C)(3) of the Internal Revenue Code, is intended to be the sole stockholder of Astor Place Holding Corporation. This corporation is established with the exclusive aim of holding title to property, generating income, and subsequently distributing it to Cooper Union for the Advancement of Science and Art. Astor Place Holding Corporation plays a crucial role in supporting Cooper Union's mission by providing a steady income stream, enabling the nonprofit to continue its educational and artistic pursuits.
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Impact
October, 2024
Astor Place Holding Corporation plays a significant role in supporting the Cooper Union for the Advancement of Science and Art by managing real estate assets that generate income for the institution. Located in New York, the corporation is responsible for holding title to properties and ensuring that the income collected from these assets is directed entirely, minus operating expenses, toward the mission of Cooper Union.
By acting as a dedicated holding entity, Astor Place Holding Corporation contributes to the financial stability of Cooper Union, enabling it to uphold its commitment to providing high-quality education in the arts and sciences. This arrangement not only aids in sustaining the educational programs of Cooper Union but also enhances community improvement efforts tied to the institution's mission. The corporation’s focused approach allows Cooper Union to allocate resources effectively, fostering an environment of innovation and learning that benefits both students and the wider community.
This information is meant to be a general summary of Astor Place Holding Corporation. 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.
- Investment Income: $5
- Program Service Revenue: $1,461,979
- Gross Receipts: $1,461,984
Assets and Liabilities:
- Total Assets: $894,089
- Total Liabilities: $5,877,855
- Net Assets: -$4,983,766
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REAL ESTATE ORGANIZATION
Revenue
$1,461,979
Organization Details
Founding Year
1955
Phone
(212) 353-4100Principal Officer
Laura Sparks
Main Address
30 COOPER SQUARE 2ND FL, NEW YORK, NY, 100037120
Website
www.cooper.eduNTEE Category
Code: S47Z - Community improvement
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