Overview
What is Indiana Valley Public Improvement Corpor?
Indiana Valley Public Improvement Corpor, abbreviated as IVPIC, is a supporting organization established in Lakewood, Colorado. It operates under the umbrella of the Indiana Valley Metropolitan District (IVMD), a local government unit functioning under Colorado law. IVPIC's primary role is to support IVMD by utilizing funds collected within its boundaries, specifically the Public Improvement Fee (PIF) revenue. This revenue allows IVPIC to issue tax-exempt bonds, which can be repaid using the PIF revenue. The main objective of IVPIC is to use these funds and bond proceeds for public improvement projects and services as outlined in IVMD's service plan. This nonprofit organization is instrumental in contributing to the development and betterment of the local community in Colorado.
Is Indiana Valley Public Improvement Corpor legitimate?
Indiana Valley Public Improvement Corpor is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indiana Valley Public Improvement Corpor 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:
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What is the mission statement of Indiana Valley Public Improvement Corpor?
The Indiana Valley Public Improvement Corporation (IVPIC) serves as a supporting organization for the Indiana Valley Metropolitan District (IVMD), functioning under Colorado law. IVPIC's primary role is to utilize collected Public Improvement Fee (PIF) revenue within the boundaries of IVMD for public improvements and services, as outlined in IVMD's service plan. The corporation is authorized to issue tax-exempt bonds and pledge PIF revenue as repayment for these bonds. IVPIC's mission is focused on contributing to the improvement and development of public facilities and services within the jurisdiction it supports.
Who is the CEO of Indiana Valley Public Improvement Corpor?
Kimra Perkins is the President of Indiana Valley Public Improvement Corpor.
What is the revenue of Indiana Valley Public Improvement Corpor?
Indiana Valley Public Improvement Corpor's revenue in 2022 was $861,680.
Who are the executives of Indiana Valley Public Improvement Corpor and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Indiana Valley Public Improvement Corpor?
Indiana Valley Public Improvement Corpor's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Indiana Valley Public Improvement Corpor
Indiana Valley Public Improvement Corporation, abbreviated as IVPIC, serves as a supporting organization for the Indiana Valley Metropolitan District (IVMD), which is a unit of local government under Colorado law. The primary role of IVPIC is to assist IVMD by utilizing Public Improvement Fund (PIF) revenue collected within its boundaries. This support enables IVPIC to issue tax-exempt bonds and pledge the PIF revenue as repayment for these bonds. Consequently, the funds collected are utilized for public improvements and services authorized under IVMD's service plan. In essence, IVPIC plays a crucial role in supporting IVMD's endeavors by channeling resources towards public improvement projects.
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Impact
October, 2024
The Indiana Valley Public Improvement Corporation (IVPIC) plays a crucial role in facilitating public improvements and essential services within the Indiana Valley Metropolitan District (IVMD) in Lakewood, Colorado. By serving as a supporting organization of IVMD, IVPIC is authorized to accept revenue generated through public improvement fees (PIF), which are collected within the district's boundaries.
Through its capacity to issue tax-exempt bonds, IVPIC can leverage PIF revenue to secure funding for various community enhancement projects. This financial mechanism enables the organization to invest in infrastructure and services that benefit the local community. The strategic use of these funds is focused on projects that align with IVMD's service plan, ensuring that the community's needs are met effectively.
By concentrating on public improvement initiatives, IVPIC contributes to the overall development and enhancement of the local area. It not only fosters economic growth but also promotes a better quality of life for residents. The impact of IVPIC spans infrastructure development, community services, and improved public facilities, leading to a more vibrant, well-supported community.
This information is meant to be a general summary of Indiana Valley Public Improvement Corpor. 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: $7,356
- Program Service Revenue: $850,124
- Gross Receipts: $861,680
Assets and Liabilities:
- Total Assets: $1,104,992
- Total Liabilities: $32,334
- Net Assets: $1,072,658
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PIF COLLECTIONS
Revenue
$850,124
Organization Details
Founding Year
2015
Phone
(303) 590-1455Principal Officer
Kimra Perkins
Main Address
14500 W COLFAX AVE UNIT 100, LAKEWOOD, CO, 80401
NTEE Category
Code: S31 - Community improvement
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