Overview
What is 2828 Corbett Inc?
2828 Corbett Inc is a nonprofit organization with the primary mission of managing real estate properties. Specifically, the organization holds the title to such properties, collects income generated from these properties, and subsequently transfers the majority of the earnings, after deducting operational expenses, depreciation, and debt repayment, to its sole member, Portland State University Foundation. This foundation, in turn, supports and promotes the mission of Portland State University. The organization leases the properties to the university for its Business Accelerator Program.
Is 2828 Corbett Inc legitimate?
2828 Corbett Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. 2828 Corbett 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
For more financial information, click here
What is the mission statement of 2828 Corbett Inc?
2828 Corbett Inc's mission is centered around holding title to real property and generating income from it. The organization then transfers the collected income, minus operating costs, depreciation, and the retirement of indebtedness, to its sole member, Portland State University Foundation. This foundation, in turn, supports and promotes the mission of Portland State University. The property is leased by the organization to the university for its Business Accelerator Program. This program likely aids in the development and growth of various businesses or ventures.
Who is the CEO of 2828 Corbett Inc?
Stacey Henriquez is the Trustee of 2828 Corbett Inc. The CEO's salary of 2828 Corbett Inc is $0 and their total compensation is $369,197.
What is the revenue of 2828 Corbett Inc?
2828 Corbett Inc's revenue in 2022 was $386,475.
Who are the executives of 2828 Corbett Inc and what are their salaries?
There 10 volunteers at 2828 Corbett Inc.
Here are 12 key members and their salaries (2828 Corbett Inc's CEO's salary is $0 and their total compensation is $369,197):
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- Related: $327,855
- Other: $41,342
- Compensation: $0
- Related: $207,931
- Other: $26,550
Where can I find the form 990 for 2828 Corbett Inc?
2828 Corbett Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 2828 Corbett Inc
2828 Corbett Inc, as a nonprofit organization, is primarily dedicated to holding the title for certain real property and generating income from it. The organization's main objective is to collect income from this property, covering operational costs, depreciation, and retiring any outstanding debts. After fulfilling these financial obligations, the remaining amount is then transferred to its sole member, Portland State University Foundation, a nonprofit organization committed to supporting and promoting the mission of Portland State University. The organization leases this property to the university for their Business Accelerator Program. In essence, 2828 Corbett Inc serves as a financial intermediary, generating income from real estate property and contributing to the Portland State University Foundation's mission support.
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Impact
October, 2024
2828 Corbett Inc plays a significant role by managing real estate assets that contribute directly to the financial health of the Portland State University Foundation. By holding title to specific properties, the organization generates income that is crucial for supporting university initiatives. This income is collected and subsequently transferred to the foundation, after deducting operational expenses, depreciation, and debt repayment.
Specifically, one of the key impacts of 2828 Corbett Inc is its facilitation of Portland State University’s business accelerator program. By leasing properties for this purpose, it actively supports the university's endeavors in fostering entrepreneurship and innovation. This further enhances the university's mission of promoting education and economic development within the community.
Moreover, the organization's activities help strengthen Portland State University's financial sustainability, providing the foundation with resources to invest in programs and projects that benefit students and the wider community. The focus on real estate management and income generation thus serves a dual purpose: supporting the university's operational needs while contributing to broader educational and economic goals in the region.
This information is meant to be a general summary of 2828 Corbett 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.
- Program Service Revenue: $386,475
- Gross Receipts: $386,475
Assets and Liabilities:
- Total Assets: $3,734,574
- Total Liabilities: $2,891,938
- Net Assets: $842,636
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$386,475
Organization Details
Founding Year
2005
Phone
(503) 725-5863Principal Officer
Stacey Henriquez
Main Address
1600 SW FOURTH AVENUE STE 730, PORTLAND, OR, 97201
NTEE Category
Code: Y99 - Mutual benefit
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