Overview
What is Aggie Development Incorporated?
Aggie Development Incorporated is a nonprofit organization, headquartered in its mission to support New Mexico State University. Primarily, they handle the management and development of university-owned real estate and water rights, ensuring the institution is relieved of these responsibilities. The corporation meticulously covers engineering and site design costs, permit fees, site preparation expenses, and rental fees for leasehold estate development. As a charitable and educational entity, Aggie Development Incorporated generously contributes all its net revenues to New Mexico State University, also offering valuable learning opportunities for students, aligning with their mission.
Official website here: www.aggiedevelopment.org
Is Aggie Development Incorporated legitimate?
Aggie Development Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aggie Development Incorporated 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
Official website here: www.aggiedevelopment.org
What is the mission statement of Aggie Development Incorporated?
Aggie Development Incorporated, with a focus on charitable and educational objectives, is tasked with managing and developing real estate and water rights belonging to New Mexico State University. The corporation's primary goal is to alleviate the university of the burden of managing these assets. Additionally, Aggie Development Incorporated contributes all of its generated revenues to the university. Furthermore, the corporation covers various costs associated with managing these assets, including engineering and site design expenses, permit fees, site preparation costs, and rental fees related to leasehold estate development, in line with its mission. The primary objective of this organization is to generate revenue for the university while providing learning opportunities for students.
Official website here: www.aggiedevelopment.org
Who is the CEO of Aggie Development Incorporated?
Christopher Dulany is the Secretary of Aggie Development Incorporated. The CEO's salary of Aggie Development Incorporated is $0 and their total compensation is $172,793.
Official website here: www.aggiedevelopment.org
What is the revenue of Aggie Development Incorporated?
Aggie Development Incorporated's revenue in 2023 was $274,096.
Official website here: www.aggiedevelopment.org
Who are the executives of Aggie Development Incorporated and what are their salaries?
Here are 10 key members and their salaries (Aggie Development Incorporated's CEO's salary is $0 and their total compensation is $172,793):
- Compensation: $0
- Related: $50,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $262,316
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $172,793
- Other: $0
- Compensation: $0
- Related: $416,667
- Other: $0
Official website here: www.aggiedevelopment.org
Where can I find the form 990 for Aggie Development Incorporated?
Aggie Development Incorporated's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.aggiedevelopment.org
Learn more at the official website: www.aggiedevelopment.org
Mission Statement of Aggie Development Incorporated
Aggie Development Incorporated, a charitable and educational organization, is dedicated to supporting New Mexico State University. Its primary mission is to manage and develop the university's real estate and water rights. The corporation operates with the goal of relieving the university of the responsibility to manage these assets. Furthermore, Aggie Development Incorporated contributes all of its net revenues to New Mexico State University. This financial contribution is a substantial benefit to the university. Additionally, the corporation covers various costs associated with managing the real estate, including engineering and site design costs, permit fees, site preparation costs, and rental fees related to the leasehold estate development. This aligns with Aggie Development Incorporated's mission to support the university while providing valuable learning opportunities for its students.
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Impact
October, 2024
Aggie Development Incorporated has a significant impact on New Mexico State University and the surrounding community by managing and developing university-owned real estate and water rights. Through its activities, the organization alleviates the university's responsibilities in these areas, allowing for a more focused investment in educational initiatives and student opportunities.
By contributing all of its net revenues back to New Mexico State University, Aggie Development ensures that vital financial resources are redirected to support the university's mission. This funding can enhance educational programs, provide scholarships, and improve campus facilities, directly benefiting students and faculty.
Moreover, the organization covers essential costs associated with managing real estate, including engineering and site design, permit fees, and site preparation costs. This structured approach not only maximizes the potential of university properties but also fosters a sustainable development model. Overall, Aggie Development Incorporated plays a crucial role in enriching the educational landscape of New Mexico State University while supporting the growth and development of future leaders.
This information is meant to be a general summary of Aggie Development Incorporated. 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 2023.
- Program Service Revenue: $157,359
- Gross Receipts: $274,096
Assets and Liabilities:
- Total Assets: $389,918
- Total Liabilities: $0
- Net Assets: $389,918
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Real Estate Property M
Revenue
$137,359
Rental and Leasing Ser
Revenue
$20,000
Organization Details
Founding Year
2014
Phone
(575) 646-2356Principal Officer
Christopher Dulany
Main Address
PO Box 3145, Las Cruces, NM, 88003
Website
www.aggiedevelopment.orgNTEE Category
Code: B11 - Education
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