Overview
What is Georgia Tech Foundation Real Estate Holding Corporation?
Georgia Tech Foundation Real Estate Holding Corporation is a nonprofit organization established primarily to manage and hold title to real estate and similar properties on behalf of the Georgia Tech Foundation Inc., as well as for purposes permitted under Section 501(C)(2) of the Internal Revenue Code. By doing so, the corporation generates income that benefits Georgia Tech Foundation, Inc. Essentially, this organization serves as a property custodian, contributing financially to its parent organization.
Is Georgia Tech Foundation Real Estate Holding Corporation legitimate?
Georgia Tech Foundation Real Estate Holding Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Georgia Tech Foundation Real Estate Holding 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Georgia Tech Foundation Real Estate Holding Corporation?
The Georgia Tech Foundation Real Estate Holding Corporation was established with a specific purpose. It holds title to real estate and similar properties on behalf of the Georgia Tech Foundation, Inc., and serves other permissible functions under Section 501(C)(2) of the Internal Revenue Code. The corporation's primary role is to generate income that benefits the Georgia Tech Foundation, Inc., thereby contributing to its operations. This organization is primarily focused on property management and income generation to support the Georgia Tech Foundation, Inc. in its endeavors.
Who is the CEO of Georgia Tech Foundation Real Estate Holding Corporation?
Mark Delorenzo is the Chair of Georgia Tech Foundation Real Estate Holding Corporation.
What is the revenue of Georgia Tech Foundation Real Estate Holding Corporation?
Georgia Tech Foundation Real Estate Holding Corporation's revenue in 2022 was $50,644.
Who are the executives of Georgia Tech Foundation Real Estate Holding Corporation and what are their salaries?
There 5 volunteers at Georgia Tech Foundation Real Estate Holding Corporation.
Here are 7 key members and their salaries:
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- Related: $618,055
- Other: $50,738
- Compensation: $0
- Related: $332,895
- Other: $52,530
Where can I find the form 990 for Georgia Tech Foundation Real Estate Holding Corporation?
Georgia Tech Foundation Real Estate Holding Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Georgia Tech Foundation Real Estate Holding Corporation
The Georgia Tech Foundation Real Estate Holding Corporation, established with a mission under Section 501(C)(2) of the Internal Revenue Code, holds title to real estate and similar property on behalf of the Georgia Tech Foundation, Inc. This corporation serves an essential role by not only managing property for the Georgia Tech Foundation but also generating income that benefits the foundation itself. By undertaking these responsibilities, the Georgia Tech Foundation Real Estate Holding Corporation plays a significant part in supporting the Georgia Tech Foundation, Inc., contributing to its overall operations and objectives.
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Impact
October, 2024
The Georgia Tech Foundation Real Estate Holding Corporation holds title to real estate and similar properties, effectively managing assets that benefit the Georgia Tech Foundation, Inc. Its activities are designed to generate income, which supports the foundation’s broader mission to enhance educational resources and opportunities. By strategically managing real estate holdings, the corporation plays a crucial role in fostering community improvement and development in Atlanta, while also facilitating initiatives that may arise from Georgia Tech's academic and research endeavors. This focus on real estate contributes not only to the financial health of the foundation but also to the overall growth and sustainability of the Georgia Tech community.
This information is meant to be a general summary of Georgia Tech Foundation Real Estate Holding 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 2022.
- Investment Income: $40,502
- Gross Receipts: $50,644
Assets and Liabilities:
- Total Assets: $116,493
- Total Liabilities: $0
- Net Assets: $116,493
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Organization Details
Founding Year
1990
Phone
(404) 894-5021Principal Officer
Mark Delorenzo
Main Address
760 SPRING STREET NW SUITE 400, ATLANTA, GA, 30308
NTEE Category
Code: S47 - Community improvement
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