Overview
What is Powers Pointe Public Improvement Company?
Powers Pointe Public Improvement Company is a nonprofit organization located at 111 S Tejon St Suite 1100, Colorado Springs, CO 80903. Its primary role involves the planning, construction, operation, and maintenance of common areas in the Powers Pointe commercial and retail development. To fund these initiatives, the company collects and holds public improvement fees as per the declaration of covenants. The collected fees are used to support the development and upkeep of common areas and infrastructure within the Powers Pointe commercial and retail area, which ultimately benefits the general public's convenience, safety, and well-being.
Is Powers Pointe Public Improvement Company legitimate?
Powers Pointe Public Improvement Company is a legitimate nonprofit organization registered as a 501(c)(4) entity. Powers Pointe Public Improvement Company 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 Powers Pointe Public Improvement Company?
The Powers Pointe Public Improvement Company is responsible for collecting and holding public improvement fees in accordance with a declaration of covenants. This company's mission is to utilize these fees to support the planning, construction, operation, and ongoing maintenance of common areas and infrastructure within the Powers Pointe commercial and retail development. The primary objective is to ensure these facilities are accessible and permanently dedicated to the convenience, safety, and welfare of the general public. The company's role is crucial in enhancing the overall environment of the development, ultimately benefiting the community as a whole.
Who is the CEO of Powers Pointe Public Improvement Company?
Michael Staenberg is the President of Powers Pointe Public Improvement Company.
What is the revenue of Powers Pointe Public Improvement Company?
Powers Pointe Public Improvement Company's revenue in 2022 was $209,174.
Who are the executives of Powers Pointe Public Improvement Company and what are their salaries?
There 2 volunteers at Powers Pointe Public Improvement Company.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Powers Pointe Public Improvement Company?
Powers Pointe Public Improvement Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Powers Pointe Public Improvement Company
Powers Pointe Public Improvement Company, in essence, is tasked with the collection and safekeeping of public improvement fees, as stipulated by the Declaration of Covenants. This company's mission is to enforce and implement the Powers Pointe Public Improvement Fee, which is utilized to support the planning, construction, operation, and maintenance of shared areas and infrastructure within the Powers Pointe commercial and retail development. The primary objective of this company is to ensure these common areas and infrastructure, intended for the benefit and convenience of the general public, are continually upheld and maintained to the highest standards. By holding and distributing these fees, Powers Pointe Public Improvement Company plays a vital role in the upkeep and improvement of this development, ultimately contributing to the well-being and safety of the public.
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Impact
October, 2024
Powers Pointe Public Improvement Company plays a crucial role in enhancing the infrastructure and community environment of the Powers Pointe commercial and retail development in Colorado Springs, CO. By collecting and managing public improvement fees, the organization supports the planning, construction, operation, and maintenance of key common areas and facilities. This contributes significantly to the convenience, safety, and welfare of the general public, ensuring that these shared spaces remain functional and accessible. The company's commitment to ongoing maintenance of these areas fosters a vibrant community atmosphere and encourages economic activity within the development, ultimately benefiting local residents and businesses alike.
This information is meant to be a general summary of Powers Pointe Public Improvement Company. 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: $209,174
- Gross Receipts: $209,174
Assets and Liabilities:
- Total Assets: $4,778,817
- Total Liabilities: $4,816,848
- Net Assets: -$38,031
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PUBLIC IMPROVEMENT FEE
Revenue
$209,174
Organization Details
Founding Year
2016
Phone
(719) 635-0330Principal Officer
Michael Staenberg
Main Address
111 S TEJON ST SUITE 1100, COLORADO SPRINGS, CO, 80903
NTEE Category
Code: L50 - Housing
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