Overview
What is Commercial Development & Management Corporation?
Commercial Development & Management Corporation, commonly known as CO UNLV Research Foundation, is a supporting organization exclusively dedicated to benefiting the University of Nevada, Las Vegas (UNLV). Based in Las Vegas, Nevada, the corporation's primary mission is to acquire, own, develop, lease, license, operate, and manage real property. The primary objective is to generate funds for research activities and other initiatives that support UNLV. The corporation is governed with the sole intention of benefiting UNLV or a UNLV charity, as stated in their description. With a modest workforce of one employee, this nonprofit organization contributes to the advancement of UNLV through property management and investment for the betterment of research activities.
Is Commercial Development & Management Corporation legitimate?
Commercial Development & Management Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Commercial Development & Management 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: $158,700
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Commercial Development & Management Corporation?
The Commercial Development & Management Corporation serves as a supporting organization, solely benefiting the University of Nevada, Las Vegas. Its primary objective is to acquire, own, develop, lease, license, operate, and manage real property, with the intention of generating funds. These funds are then utilized to support research activities and other initiatives aimed at benefiting the university. The corporation is governed with the sole purpose of benefiting the university or a university charity, thereby contributing to its growth and development.
Who is the CEO of Commercial Development & Management Corporation?
Mark Ryan is the Chief Exec O of Commercial Development & Management Corporation.
What is the revenue of Commercial Development & Management Corporation?
Commercial Development & Management Corporation's revenue in 2020 was $182,000.
Who are the executives of Commercial Development & Management Corporation and what are their salaries?
The average compensation at Commercial Development & Management Corporation during 2020 was $158,700. There is 1 employee and 5 volunteers at Commercial Development & Management Corporation.
Here are 5 key members and their salaries:
- Compensation: $97,975
- Related: $0
- Other: $10,000
- Compensation: $42,030
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Commercial Development & Management Corporation?
Commercial Development & Management Corporation's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Commercial Development & Management Corporation
Commercial Development & Management Corporation, as a supporting organization, is dedicated solely to benefiting the University of Nevada, Las Vegas. Its mission is to acquire, own, develop, lease, license, operate, and manage real property with the aim of generating funds for research activities and providing support to the university in various ways. The corporation is governed with the sole intention of benefiting the university or a university charity. Its primary objective is to utilize the proceeds from real estate ventures to enhance the academic and research activities at the University of Nevada, Las Vegas.
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Impact
October, 2024
Commercial Development & Management Corporation plays a crucial role in enhancing the research capabilities and overall growth of the University of Nevada, Las Vegas (UNLV). By acquiring, owning, and managing real property, the corporation generates essential funds that directly support research activities and other university initiatives.
Through strategic real estate operations—such as leasing and licensing—the corporation fosters an environment conducive to academic advancement and innovation. This framework not only aids in bolstering UNLV's financial resources but also promotes the development of facilities that can enrich the educational experience of students and faculty alike.
The corporation's governance ensures that all efforts are strictly focused on benefiting UNLV and its affiliated charities, reinforcing its commitment to the local academic community. By channeling funds into research and university programs, it actively contributes to the enhancement of educational services and the overall intellectual capital of the region. Thus, the impact of Commercial Development & Management Corporation is significant, as it serves as a vital support system for the university's mission and growth in a competitive educational landscape.
This information is meant to be a general summary of Commercial Development & Management 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 2020.
- Program Service Revenue: $182,000
- Gross Receipts: $182,000
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT REVENUE
Revenue
$182,000
Organization Details
Founding Year
2008
Principal Officer
Mark Ryan
Main Address
8275 S EASTERN AVE STE 200-537, LAS VEGAS, NV, 89118
NTEE Category
Code: T112 - Philanthropy
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