Overview
What is Lagrange College Property Management Inc?
Lagrange College Property Management Inc, headquartered in Lagrange, Georgia, is a nonprofit organization established to support the interests of Lagrange College. Its primary function involves acquiring and developing real estate properties for exclusive use by the college, fostering a lease relationship. In 2017, the organization constructed a 43,000 square foot science facility, now known as the Ida Callaway Hudson Science Building, located on the corner of Vernon Street and Park Avenue. This cutting-edge facility houses modern laboratory spaces for biology, ecology, anatomy, physiology, chemistry, and immunology instruction. The building is strategically located in an area eligible for the New Market Tax Credit Program, enabling Lagrange College to benefit from this initiative. To facilitate the transaction, Lagrange College Property Management, Inc. (LCPMI) entered into agreements with a CDE and an investment fund associated with a commercial bank, issuing a Note Receivable Agreement to the investment fund.
Official website here: www.lagrange.edu
Is Lagrange College Property Management Inc legitimate?
Lagrange College Property Management Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lagrange College Property Management 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
For more financial information, click here
Official website here: www.lagrange.edu
What is the mission statement of Lagrange College Property Management Inc?
Lagrange College Property Management Inc is established with the primary purpose of supporting the interests of Lagrange College. The organization's role involves acquiring and developing real estate properties for exclusive use by the college, primarily through lease relationships. In 2017, Lagrange College Property Management constructed a 43,000 square foot science facility, housing advanced laboratory spaces for various scientific disciplines. This new building, known as the Ida Callaway Hudson Science Building, is situated in an area eligible for the New Market Tax Credit Program, which was utilized to benefit the college through a series of agreements and transactions with a Community Development Entity and an investment fund affiliated with a commercial bank.
Official website here: www.lagrange.edu
Who is the CEO of Lagrange College Property Management Inc?
Dr Susanna L Baxter is the Principal Officer of Lagrange College Property Management Inc.
Official website here: www.lagrange.edu
What is the revenue of Lagrange College Property Management Inc?
Lagrange College Property Management Inc's revenue in 2022 was $101,000.
Official website here: www.lagrange.edu
Who are the executives of Lagrange College Property Management Inc and what are their salaries?
There 4 volunteers at Lagrange College Property Management Inc.
Here are 6 key members and their salaries:
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- Related: $157,288
- Other: $11,616
- Compensation: $0
- Related: $272,250
- Other: $24,537
Official website here: www.lagrange.edu
Where can I find the form 990 for Lagrange College Property Management Inc?
Lagrange College Property Management Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lagrange.edu
Learn more at the official website: www.lagrange.edu
Mission Statement of Lagrange College Property Management Inc
Lagrange College Property Management, Inc., is dedicated to supporting the interests of Lagrange College. The organization's primary mission is to acquire and develop real estate property for exclusive use by Lagrange College through a lease relationship. This mission is accomplished by leveraging various agreements and transactions, such as those made with a Community Development Entity (CDE) and an investment fund affiliated with a commercial bank. This strategic approach allows Lagrange College to benefit from programs like the New Market Tax Credit (NMTC), which aids eligible census tracts in economic development. As a result of these efforts, Lagrange College Property Management, Inc. successfully constructed a 43,000 square foot science facility, equipped with state-of-the-art laboratory space for instruction in fields such as biology, ecology, anatomy, physiology, chemistry, and immunology.
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Impact
October, 2024
Lagrange College Property Management Inc significantly contributes to the educational landscape of Lagrange College by facilitating the development of critical infrastructure that enhances the academic experience. The organization has successfully constructed a 43,000 square foot science facility, the Ida Callaway Hudson Science Building, which provides state-of-the-art laboratory space for various scientific disciplines, including biology, ecology, anatomy, physiology, chemistry, and immunology.
This facility not only addresses the need for modern educational spaces but also supports the college's mission to offer superior education through hands-on learning and research opportunities. The new building, completed in 2017, exemplifies a commitment to advancing scientific education and fostering innovation in the fields it supports.
Furthermore, Lagrange College Property Management Inc plays a crucial role in the financial strategy of the college. By engaging in the New Market Tax Credit program, the organization maximizes funding resources and investment opportunities, which ultimately benefit the college's infrastructure and programming.
In summary, Lagrange College Property Management Inc has a profound impact on the educational environment at Lagrange College, driving improvements in facilities that support academic excellence and research, while also ensuring sustainable financial growth for the college's future endeavors.
This information is meant to be a general summary of Lagrange College Property Management 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.
- Program Service Revenue: $101,000
- Gross Receipts: $101,000
Assets and Liabilities:
- Total Assets: $13,496,293
- Total Liabilities: $16,283,712
- Net Assets: -$2,787,419
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AUXILLARY: RENTS
Revenue
$101,000
Organization Details
Founding Year
2016
Phone
(706) 880-8232Principal Officer
Dr Susanna L Baxter
Main Address
601 BROAD STREET, LAGRANGE, GA, 30240
Website
www.lagrange.eduNTEE Category
Code: B11 - Education
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