Overview
What is Tr Tipton Corp?
Tr Tipton Corp is a title holding corporation, as defined by IRC Section 501(c)(25), headquartered in Dallas, Texas. Its primary role is to manage real estate properties on behalf of the Teachers' Retirement System of the State of Illinois. The organization collects income generated from these properties and manages the related expenses. Essentially, Tr Tipton Corp acts as a custodian for the retirement system, ensuring the efficient and effective management of its real estate assets.
Is Tr Tipton Corp legitimate?
Tr Tipton Corp is a legitimate nonprofit organization registered as a 501(c)(25) entity. Tr Tipton Corp 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.
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What is the mission statement of Tr Tipton Corp?
Tr Tipton Corp serves as a title holding corporation, falling under the category of IRC Section 501(c)(25). Its primary function is to hold title to real estate properties on behalf of the Teachers' Retirement System of the State of Illinois. The organization is responsible for managing the income generated from these properties and overseeing the related expenses. Despite not having a traditional mission statement in the sense of promoting social causes or advocacy, its role is crucial in maintaining the property assets of the retirement system.
Who is the CEO of Tr Tipton Corp?
Lee Phegley is the Director of Tr Tipton Corp.
What is the revenue of Tr Tipton Corp?
Tr Tipton Corp's revenue in 2022 was $1,956,816.
Who are the executives of Tr Tipton Corp and what are their salaries?
Here are 14 key members and their salaries:
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Where can I find the form 990 for Tr Tipton Corp?
Tr Tipton Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tr Tipton Corp
Tr Tipton Corporation, as a title holding corporation under IRC Section 501(c)(25), serves a unique purpose by holding title to real property on behalf of the Teachers' Retirement System of the State of Illinois. This organization plays a crucial role in managing the income and expenses associated with these properties, ensuring their proper maintenance and utilization. By acting as a steward for the retirement system, Tr Tipton Corporation contributes to the financial stability and well-being of teachers in Illinois, ultimately supporting their post-retirement needs. The corporation's mission is to effectively manage real estate assets, thus providing a vital service to the Teachers' Retirement System of the State of Illinois.
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Impact
October, 2024
Tr Tipton Corp plays a significant role in managing assets intended for the financial security of educators within the Teachers' Retirement System of the State of Illinois. By operating as a title holding corporation, it ensures that valuable real estate properties are effectively maintained and managed, facilitating income generation to support retirement benefits for teachers. This structure not only protects the investments but also contributes to the long-term sustainability of retirement resources for educators.
Additionally, Tr Tipton Corp's focus on real property management allows it to utilize its assets efficiently, ensuring that revenue is collected and expenses are controlled. This careful stewardship of resources helps bolster the financial foundation of the Teachers' Retirement System, ultimately impacting the lives of educators by supporting their retirement security. The organization's operations in Dallas, TX, also reflect its commitment to community improvement, as the management of these properties can lead to positive economic effects in the local area.
This information is meant to be a general summary of Tr Tipton Corp. 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: $1,145
- Gross Receipts: $3,215,693
Assets and Liabilities:
- Total Assets: $75,756,682
- Total Liabilities: $34,054,480
- Net Assets: $41,702,202
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Organization Details
Founding Year
2005
Phone
(972) 715-7400Principal Officer
Lee Phegley
Main Address
2001 ROSS AVENUE SUITE 3400, DALLAS, TX, 75201
NTEE Category
Code: S470 - Community improvement
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