Overview
What is Enterprise Properties Inc?
Enterprise Properties Inc, based in Charleston, West Virginia, is a company that plays a significant role in the local economy. They own and lease an office building to CASCI, an organization responsible for handling claims for the federal employees' insurance plan. By doing so, Enterprise Properties has helped retain over 400 jobs in the city, with an annual payroll exceeding $27 million. Furthermore, the revenue generated from the lease allows Enterprise Properties to provide economic development grants to a non-profit organization, thereby contributing to the community's growth. In essence, Enterprise Properties Inc serves as a catalyst for job retention and economic development in Charleston.
Is Enterprise Properties Inc legitimate?
Enterprise Properties Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Enterprise Properties 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 Enterprise Properties Inc?
Enterprise Properties Inc was established with the goal of collaborating with a state entity to purchase and lease a building, primarily focusing on fostering economic development and preserving job opportunities. Currently, the company serves as the sole owner and lessor of the property, thereby ensuring the continuation of numerous jobs within the city. By leasing an office space to an agency responsible for processing claims for a federal employees' insurance plan, Enterprise Properties Inc has played a significant role in maintaining the financial health of the community, with an annual payroll surpassing $27 million. The rental income generated by the company allows it to provide economic development grants to a non-profit organization, furthering its commitment to promoting growth and prosperity.
Who is the CEO of Enterprise Properties Inc?
Nicole Christian-President And is the President And Ceo of Enterprise Properties Inc. The CEO's salary of Enterprise Properties Inc is $0 and their total compensation is $167,347.
What is the revenue of Enterprise Properties Inc?
Enterprise Properties Inc's revenue in 2022 was $466,749.
Who are the executives of Enterprise Properties Inc and what are their salaries?
Here are 12 key members and their salaries (Enterprise Properties Inc's CEO's salary is $0 and their total compensation is $167,347):
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- Related: $150,138
- Other: $17,209
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- Related: $96,223
- Other: $19,309
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- Other: $0
Where can I find the form 990 for Enterprise Properties Inc?
Enterprise Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Enterprise Properties Inc
Enterprise Properties Inc, a non-profit organization, was established with a mission to collaborate with the state government of West Virginia. The primary objective was to purchase and lease a building in Charleston, WV, with the aim of fostering economic development and ensuring job retention. Today, Enterprise Properties Inc serves as the sole owner and lessor of this building, thereby facilitating the continued presence of hundreds of jobs within the city. By leasing an office space to CASCI, an agency responsible for processing claims for the federal employees' insurance plan, Enterprise Properties Inc has played a significant role in keeping this organization in Charleston. Consequently, the non-profit has contributed positively to the community's economic wellbeing by preserving numerous jobs, with an annual payroll surpassing $27 million. Furthermore, the rental income generated by Enterprise Properties Inc is channeled towards disbursing economic development grants through an affiliated non-profit organization, furthering its commitment to promoting growth and prosperity.
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Impact
October, 2024
Enterprise Properties Inc has made a significant impact on the Charleston, WV community through its strategic initiatives aimed at economic development and job retention. By partnering with the State of West Virginia to acquire and lease an office building, the organization has successfully facilitated the continued presence of CASCI, an agency that processes claims for federal employees' insurance, in the city. This retention of CASCI has been vital, as it preserves hundreds of jobs with an aggregate annual payroll exceeding $27 million, directly contributing to the local economy.
The cash flow generated from leasing the property not only sustains its operations but also enables Enterprise Properties Inc to support economic development grants. This further enhances its role in bolstering the community's economic wellbeing. Through these efforts, Enterprise Properties Inc plays a crucial role in fostering job stability and promoting growth, ensuring that Charleston remains a vibrant hub for employment and economic activity.
This information is meant to be a general summary of Enterprise Properties 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.
- Investment Income: $654
- Program Service Revenue: $466,095
- Gross Receipts: $466,749
Assets and Liabilities:
- Total Assets: $3,161,807
- Total Liabilities: $47,056
- Net Assets: $3,114,751
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income-Econ Dev/Business Retention
Revenue
$466,095
Organization Details
Founding Year
1992
Phone
(304) 340-4253Principal Officer
Nicole Christian-President And
Main Address
1116 Smith Street, Charleston, WV, 25301
NTEE Category
Code: S31 - Community improvement
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