Overview
What is Eagan Promenade Inc?
Eagan Promenade Inc is a nonprofit organization, specifically serving as a title holding corporation under Internal Revenue Code Section 501(c)(25). Its primary function is to manage and hold title to real property on behalf of the Public Employees' Retirement System of Nevada. This role allows the retirement system to maintain ownership of certain properties, contributing to its overall operations and management. Although the information provided indicates that Eagan Promenade Inc is no longer active or terminated, the focus of its mission remains unchanged in maintaining property titles for the retirement system.
Is Eagan Promenade Inc legitimate?
Eagan Promenade Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. Eagan Promenade 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.
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What is the mission statement of Eagan Promenade Inc?
Eagan Promenade Inc, as a title holding corporation under IRC Section 501(C)(25), was responsible for holding title to real property on behalf of the Public Employees' Retirement System of Nevada. However, it is important to note that this nonprofit organization is no longer active or in operation. The specific activities or mission details beyond this function are not provided in the information provided.
Who is the CEO of Eagan Promenade Inc?
Lee Phegley is the Director of Eagan Promenade Inc.
What is the revenue of Eagan Promenade Inc?
Eagan Promenade Inc's revenue in 2020 was $3,329,616.
Who are the executives of Eagan Promenade Inc and what are their salaries?
Here are 16 key members and their salaries:
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Where can I find the form 990 for Eagan Promenade Inc?
Eagan Promenade Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Eagan Promenade Inc
Eagan Promenade Inc, as per its mission, operates as a title holding corporation under the Internal Revenue Code Section 501(c)(25). In this capacity, the nonprofit entity holds title to real property on behalf of the Public Employees' Retirement System of Nevada. This role serves to manage and safeguard the ownership of real estate assets for the retirement system, ensuring their optimal utilization and maintenance. However, it's important to note that Eagan Promenade Inc is currently terminated or no longer active, meaning its operations and mission are no longer in effect.
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Impact
October, 2024
Eagan Promenade Inc had a specific role in managing real estate assets on behalf of the Public Employees' Retirement System of Nevada. By operating as a title holding corporation, it contributed to the stability and growth of investments tied to public employee benefits. Although it is no longer active, its previous efforts in community improvement had a direct impact on the management and safeguarding of resources intended for public employees. This involvement in real property management helped ensure a secure environment for retirement funding, which is crucial for the financial well-being of public employees. The dissolution of Eagan Promenade Inc signifies a shift in the management of these assets, potentially affecting future investment approaches and community development initiatives tied to Nevada’s public workforce.
This information is meant to be a general summary of Eagan Promenade 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 2020.
- Investment Income: $617
- Gross Receipts: $5,431,481
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2011
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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