Overview
What is Centerra Public Improvement Collection Corporation?
Centerra Public Improvement Collection Corporation, established under Colorado state laws, is a nonprofit organization with a primary mission to gather, store, and distribute public improvement fee income, as outlined in a Master Financing Agreement authorized by Loveland, Colorado, and the Loveland Urban Renewal Authority. This corporation serves participating entities in the agreement by managing funds collected by Loveland City, contributing to the city's public objectives. In essence, Centerra Public Improvement Collection Corporation acts as a financial intermediary, ensuring the proper allocation of public improvement fee income for the betterment of the community.
Is Centerra Public Improvement Collection Corporation legitimate?
Centerra Public Improvement Collection Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Centerra Public Improvement Collection 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
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What is the mission statement of Centerra Public Improvement Collection Corporation?
The Centerra Public Improvement Collection Corporation, established as a nonprofit organization, is primarily tasked with collecting, holding, and distributing public improvement fee income. This mission is in accordance with the terms of the Master Financing Agreement, authorized by the City of Loveland, Colorado, and the Loveland Urban Renewal Authority to promote public purposes. The corporation serves the participating entities of the Master Financing Agreement by disbursing funds collected by the designated collection agent, the City of Loveland. In essence, the corporation's role is to manage and distribute the public improvement fees, aiding in the promotion of public purposes as outlined in the Master Financing Agreement.
Who is the CEO of Centerra Public Improvement Collection Corporation?
Joshua Kane is the President of Centerra Public Improvement Collection Corporation.
What is the revenue of Centerra Public Improvement Collection Corporation?
Centerra Public Improvement Collection Corporation's revenue in 2022 was $2,953,182.
Who are the executives of Centerra Public Improvement Collection Corporation and what are their salaries?
There 5 volunteers at Centerra Public Improvement Collection Corporation.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Centerra Public Improvement Collection Corporation?
Centerra Public Improvement Collection Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Centerra Public Improvement Collection Corporation
Centerra Public Improvement Collection Corporation, established as a nonprofit organization under Colorado's laws, was founded with a specific mission. This mission revolves around collecting, holding, and disbursing public improvement fee income. The corporation's primary function is to serve the participating entities of a Master Financing Agreement (MFA), which was authorized by Loveland, Colorado, and the Loveland Urban Renewal Authority. This agreement is instrumental in promoting the city's public purposes. The Centerra Public Improvement Collection Corporation fulfills its role by disbursing funds collected by the designated collection agent, the City of Loveland. The corporation's activities are centered around executing the responsibilities outlined in the MFA, thereby contributing to the city's overall public objectives.
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Impact
October, 2024
Centerra Public Improvement Collection Corporation plays a crucial role in enhancing the infrastructure and public services within Loveland, Colorado. By collecting, holding, and disbursing public improvement fee income, it ensures that funds are allocated effectively to support community development projects. This financial management is essential for promoting the city’s public purposes, as outlined in the Master Financing Agreement authorized by the City of Loveland and the Loveland Urban Renewal Authority.
The Corporation serves as a vital link between collected fees and their effective deployment to improve local amenities and services, fostering a more vibrant and functional community. By facilitating the financial processes tied to public improvement funding, Centerra PIC directly contributes to the enhancement of quality of life for residents and helps drive economic growth through better infrastructure. Its impact is felt not only in physical improvements but also in the overall vitality of the Loveland area, supporting community engagement and satisfaction.
This information is meant to be a general summary of Centerra Public Improvement Collection 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.
- Program Service Revenue: $2,953,182
- Gross Receipts: $2,953,182
Assets and Liabilities:
- Total Assets: $405,873
- Total Liabilities: $322,902
- Net Assets: $82,971
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PUBLIC IMPROVEMENT FEE
Revenue
$2,953,182
Organization Details
Founding Year
2004
Phone
(970) 962-9990Principal Officer
Joshua Kane
Main Address
2725 ROCKY MOUNTAIN AVE 200, LOVELAND, CO, 80538
NTEE Category
Code: S20 - Community improvement
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