Overview
What is Millsaps Development Inc?
Millsaps Development Inc, a corporation established by Millsaps College, serves a unique purpose. Their main objective is to generate revenue for the college by developing certain pieces of its real property. This endeavor allows the college to further its operations and initiatives, making it an essential part of Millsaps College's financial strategy. The corporation operates within the state of Mississippi, specifically in Jackson, and its activities contribute to the college's overall growth and sustainability.
Is Millsaps Development Inc legitimate?
Millsaps Development Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Millsaps Development 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 Millsaps Development Inc?
Millsaps Development Inc, a corporation established by Millsaps College, is primarily focused on developing certain real estate properties as a revenue source for the college itself. The primary objective of Millsaps Development Inc is to support its parent institute, Millsaps College, financially, by leveraging its real estate holdings. This corporation does not have a traditional mission statement related to social causes or community development, as its primary focus is on generating revenue for Millsaps College.
Who is the CEO of Millsaps Development Inc?
Robert Pearigen is the Chairman of Millsaps Development Inc.
What is the revenue of Millsaps Development Inc?
Millsaps Development Inc's revenue in 2022 was $38,082.
Who are the executives of Millsaps Development Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $279,701
- Other: $34,493
Where can I find the form 990 for Millsaps Development Inc?
Millsaps Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Millsaps Development Inc
Millsaps Development Inc, a corporation established by Millsaps College, is on a mission to generate revenue for the college by developing certain pieces of its real property. This venture serves as a strategic means for the college to utilize its property resources effectively, thereby contributing to its overall financial stability. The corporation's primary role is to transform select real estate assets of Millsaps College into valuable income-generating properties, thereby providing a sustainable source of revenue for the institution.
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Impact
October, 2024
Millsaps Development Inc plays a crucial role in enhancing the economic sustainability and growth of Millsaps College through the strategic development of its real property. By transforming these assets into valuable revenue sources, the organization not only supports the college's financial health but also contributes to the broader community in Jackson, MS.
This impact extends beyond mere financial metrics; it fosters community improvement by reinvesting earnings into educational programs, campus facilities, and community initiatives. The development activities can spur job creation, attract local businesses, and enhance the overall quality of life in the region. Through thoughtful planning and execution, Millsaps Development Inc ensures that the college remains a pivotal institution within the Jackson area, ultimately benefiting both students and residents alike.
This information is meant to be a general summary of Millsaps Development 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: $38,082
- Gross Receipts: $38,082
Assets and Liabilities:
- Total Assets: $3,466
- Total Liabilities: $1,340
- Net Assets: $2,126
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$38,082
Organization Details
Founding Year
1972
Phone
(601) 974-1100Principal Officer
Robert Pearigen
Main Address
PO Box 150433, Jackson, MS, 39210
NTEE Category
Code: S47 - Community improvement
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