Overview
What is 1 Distribution Center Circle Investment Inc?
1 Distribution Center Circle Investment Inc is a 501(C)(25) organization, situated in Dallas, Texas. Its primary purpose is to acquire real property, hold title to it, and generate income through property rental. The entity remits the entire income, less expenses, to its sole shareholder, the Public Employees' Retirement Association of Colorado, a tax-exempt pension fund that meets Section 414(D) requirements. The organization's operations are exclusively focused on this real estate endeavor, with all distributed income going to its shareholder.
Is 1 Distribution Center Circle Investment Inc legitimate?
1 Distribution Center Circle Investment Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. 1 Distribution Center Circle Investment 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
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What is the mission statement of 1 Distribution Center Circle Investment Inc?
1 Distribution Center Circle Investment Inc, as a 501(C)(25) organization, was established with the primary objective of acquiring real property. Its purpose is to hold title to this property, collect income generated from it, and then distribute the entire net income (after deducting expenses) to its sole shareholder. This shareholder, the Public Employees' Retirement Association of Colorado, is a tax-exempt pension fund that adheres to Section 414(D) requirements. All income distributions were made to this pension fund, which subsequently benefited from the net income of 1 Distribution Center Circle Investment Inc. In simpler terms, the organization's primary role is to generate income from real estate investments and distribute this income to its sole shareholder, the Public Employees' Retirement Association of Colorado.
Who is the CEO of 1 Distribution Center Circle Investment Inc?
Amy Mcgarrity is the Sole Director of 1 Distribution Center Circle Investment Inc.
What is the revenue of 1 Distribution Center Circle Investment Inc?
1 Distribution Center Circle Investment Inc's revenue in 2021 was $1,442,434.
Who are the executives of 1 Distribution Center Circle Investment Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $749,752
- Other: $120,889
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for 1 Distribution Center Circle Investment Inc?
1 Distribution Center Circle Investment Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of 1 Distribution Center Circle Investment Inc
1 Distribution Center Circle Investment Inc, as a 501(C)(25) organization, was established with a singular purpose: to acquire real property, hold title to it, and collect income from the said property. The unique objective of this corporation is to remit the entire income, after deducting expenses, to its sole shareholder. This shareholder, the Public Employees' Retirement Association of Colorado, is a tax-exempt pension fund that complies with Section 414(D). This association has been the recipient of all distributions made by 1 Distribution Center Circle Investment Inc, thereby receiving the net income generated by the corporation. In essence, the mission of 1 Distribution Center Circle Investment Inc is to serve as a financial vehicle for the Public Employees' Retirement Association of Colorado, generating income through real estate investments and distributing the net proceeds to the pension fund.
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Impact
October, 2024
1 Distribution Center Circle Investment Inc primarily focuses on real estate activities aimed at generating income for its sole shareholder, the Public Employees' Retirement Association of Colorado. By acquiring and managing real property, the organization not only contributes to the financial health of this pension fund but also indirectly supports the retirement security of public employees in Colorado.
The income generated from the properties is remitted in full—after expenses—to the Public Employees' Retirement Association, thereby enhancing its ability to provide benefits to its members. This structured flow of income reflects a strategic approach to financial management, aligning with the goals of ensuring long-term sustainability and stability for public sector retirees. The organization operates within the regulatory framework governing tax-exempt entities, ensuring compliance while fulfilling its mission.
Overall, the impact of 1 Distribution Center Circle Investment Inc can be seen in its role as a financial facilitator for public employee retirement, helping to secure ongoing pension benefits through effective property management and income distribution.
This information is meant to be a general summary of 1 Distribution Center Circle Investment 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 2021.
- Gross Receipts: $5,085,972
Assets and Liabilities:
- Total Assets: $73,543,102
- Total Liabilities: $27,603,291
- Net Assets: $45,939,811
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Organization Details
Founding Year
2018
Phone
(214) 989-0800Principal Officer
Amy Mcgarrity
Main Address
5910 NORTH CENTRAL EXPY 1200, DALLAS, TX, 75206
NTEE Category
Code: Y02 - Mutual benefit
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