Overview
What is Student Agencies Properties Inc?
Student Agencies Properties Inc is a nonprofit organization situated in Ithaca, New York, with an address at 409 College Avenue. Their primary role involves holding title to property, serving as a vital asset in the functionally related mission of a 501(C)3 entity. This means they lease their property, contributing to the objectives of a related charitable organization. By holding and managing the property, they provide a supportive infrastructure for the associated nonprofit organization to carry out its mission effectively.
Is Student Agencies Properties Inc legitimate?
Student Agencies Properties Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Student Agencies 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Student Agencies Properties Inc?
Student Agencies Properties Inc's primary function involves holding title to property. Beyond this, the company plays a crucial role by leasing its property as part of the mission of a related 501(c)3 organization. This leasing activity contributes to the overall objectives of the non-profit entity, thereby aiding in its functional operations. The mission of Student Agencies Properties Inc, therefore, can be understood as supporting the goals of its affiliated 501(c)3 entity by providing property services. This partnership enables the non-profit organization to focus on its core mission while benefiting from the real estate management provided by Student Agencies Properties Inc.
Who is the CEO of Student Agencies Properties Inc?
Kyle Karnes is the Chair of Student Agencies Properties Inc.
What is the revenue of Student Agencies Properties Inc?
Student Agencies Properties Inc's revenue in 2022 was $2,884,671.
Who are the executives of Student Agencies Properties Inc and what are their salaries?
There 9 volunteers at Student Agencies Properties Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Student Agencies Properties Inc?
Student Agencies Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Student Agencies Properties Inc
Student Agencies Properties Inc, as per its mission, holds title to property. Beyond this basic function, the organization leases its property in support of the mission of a related 501(c)3 entity. This leasing activity serves a crucial role in furthering the objectives of this nonprofit organization. By providing property on a lease basis, Student Agencies Properties Inc enables the associated nonprofit to carry out its purpose more effectively. This partnership between the property holding entity and the 501(c)3 organization allows for a synergy that benefits both parties and, ultimately, the community they serve.
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Impact
October, 2024
Student Agencies Properties Inc plays a significant role in enhancing community development by holding and leasing properties that support the mission of its related organization. By managing real estate assets, it provides essential resources that contribute to the operational needs of the community-focused initiatives in Ithaca, NY. This approach not only facilitates the use of space for various programs but also promotes overall community improvement through strategic property management. Its activities ensure that spaces are utilized effectively to meet the needs of local constituents, fostering an environment where community-driven projects can thrive.
This information is meant to be a general summary of Student Agencies 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.
- Investment Income: $12,243
- Program Service Revenue: $2,872,428
- Gross Receipts: $2,884,671
Assets and Liabilities:
- Total Assets: $25,132,896
- Total Liabilities: $25,131,897
- Net Assets: $999
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,872,428
Organization Details
Founding Year
1908
Phone
(607) 272-2000Principal Officer
Kyle Karnes
Main Address
409 COLLEGE AVENUE, ITHACA, NY, 14850
NTEE Category
Code: S47 - Community improvement
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