Overview
What is 40 Broad Street Owner Inc?
40 Broad Street Owner Inc is a nonprofit organization, originally established to serve as a title holding corporation under Internal Revenue Code Section 501(C)(25). Their primary role was to hold title to real property on behalf of the Public Employees' Retirement System of Nevada. Although the organization's current status is not specified, it is known to have been involved in managing property assets for a public retirement system.
Is 40 Broad Street Owner Inc legitimate?
40 Broad Street Owner Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. 40 Broad Street Owner 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:
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What is the mission statement of 40 Broad Street Owner Inc?
The nonprofit organization, 40 Broad Street Owner Inc, was established to function as a title holding corporation, as per the Internal Revenue Code Section 501(C)(25). Its primary role was to hold title to real property on behalf of the Public Employees' Retirement System of Nevada. Unfortunately, this nonprofit is no longer active or in operation.
Who is the CEO of 40 Broad Street Owner Inc?
Lee Phegley is the Director of 40 Broad Street Owner Inc.
What is the revenue of 40 Broad Street Owner Inc?
40 Broad Street Owner Inc's revenue in 2020 was $4,537,414.
Who are the executives of 40 Broad Street Owner 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 40 Broad Street Owner Inc?
40 Broad Street Owner Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of 40 Broad Street Owner Inc
40 Broad Street Owner Inc, as a title holding corporation, was established to comply with the Internal Revenue Code Section 501(c)(25). Its primary role was to safeguard the title to real property on behalf of the Public Employees' Retirement System of Nevada. This nonprofit organization was instrumental in managing the property-related affairs for the retirement system. However, it's important to note that 40 Broad Street Owner Inc is no longer active or operational, as per the available information.
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Impact
October, 2024
40 Broad Street Owner Inc operated as a title holding corporation, focusing on managing real property interests on behalf of the Public Employees' Retirement System of Nevada. By holding titles to real estate, the organization played a role in safeguarding and managing assets that are crucial for the financial stability of public employees' retirement funds. This function helps ensure that retirement benefits can be met for those who have served in public sectors, thereby indirectly contributing to the broader community by supporting the financial well-being of retirees.
Despite its termination, the organization's prior activities in real estate management underscored the importance of asset protection for retirement systems, which is vital for community improvement and the overall economic health of the state. The success of such operations can impact local economies by securing income streams that would benefit public services funded through retirement contributions.
This information is meant to be a general summary of 40 Broad Street Owner 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: $348
- Gross Receipts: $11,988,665
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2016
Phone
(972) 715-7400Principal Officer
Lee Phegley
Main Address
2001 Ross Avenue Suite 3400, DALLAS, TX, 75201
NTEE Category
Code: S47 - Community improvement
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