Overview
What is Auburn Research Park I?
Auburn Research Park I (ARPI) is a specialized entity situated at 570 Devall Drive Suite 101, Auburn, Alabama 36832. Established to capitalize on New Market Tax Credit financing, ARPI has entered into a thirty-year lease agreement to operate an event center and sublease cafe space within Building 5, owned by the park. Although the provided information is limited, it suggests that ARPI's primary focus lies in leveraging financial incentives to establish and manage facilities within the research park, ultimately contributing to the local community and economic development.
Is Auburn Research Park I legitimate?
Auburn Research Park I is a legitimate nonprofit organization registered as a 501(c)(3) entity. Auburn Research Park I 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 Auburn Research Park I?
Auburn Research Park I (ARPI) was established as a special purpose entity to take advantage of the New Market Tax Credit financing. The primary objective of ARPI is to leverage this financing mechanism to facilitate its operations. However, the specific activities or mission details beyond this financial aspect are not provided in the given information. It's important to note that the mission statement, if it exists, might encompass more than just financial objectives, but without additional information, a comprehensive summary cannot be provided.
Who is the CEO of Auburn Research Park I?
William M Dean is the President of Auburn Research Park I.
What is the revenue of Auburn Research Park I?
Auburn Research Park I's revenue in 2022 was $3,867,814.
Who are the executives of Auburn Research Park I and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $384,058
- Other: $40,707
- Compensation: $0
- Related: $229,407
- Other: $25,534
- Compensation: $0
- Related: $148,911
- Other: $27,907
- 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 Auburn Research Park I?
Auburn Research Park I's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Auburn Research Park I
Auburn Research Park I was established as a special purpose entity with a mission to capitalize on the New Market Tax Credit financing. This entity was created with the intent of leveraging this financing opportunity to achieve specific goals. The details of these goals or the nature of the projects the entity intends to undertake are not provided in the information provided. However, it can be inferred that Auburn Research Park I was established to utilize the New Market Tax Credit financing for some purpose or project. The Foundation entered into a thirty-year lease agreement with ARPI to operate an event center and sublease café space inside Building 5, owned by ARPI. This suggests that Auburn Research Park I may be involved in facilitating events and providing café services, although the scope and focus of these activities are not specified in the information provided.
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Impact
October, 2024
Auburn Research Park I plays a significant role in fostering economic growth and development in the Auburn, Alabama area. By leveraging New Market Tax Credit financing, it has positioned itself as a catalyst for innovation and collaboration in the region. The establishment of spaces like the event center and café within its facilities promotes community engagement and supports local businesses, while also providing essential resources for education and professional development.
The lease agreement signed on September 16, 2020, allows the Auburn Research and Technology Foundation (ARTF) to use the space for various purposes, creating opportunities for networking and learning. This commitment to education not only enhances the local workforce but also attracts talent and investment to Auburn, ultimately contributing to a vibrant and sustainable economic ecosystem.
Auburn Research Park I serves as a hub that connects academic research with industry, fostering partnerships that drive innovation and research commercialization. In this way, it significantly impacts the local community and beyond, creating a dynamic landscape for business and education.
This information is meant to be a general summary of Auburn Research Park I. 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: $42
- Gross Receipts: $3,867,814
Assets and Liabilities:
- Total Assets: $36,466,656
- Total Liabilities: $38,250,673
- Net Assets: -$1,784,017
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Organization Details
Founding Year
2019
Phone
(334) 844-7480Principal Officer
William M Dean
Main Address
570 DEVALL DRIVE SUITE 101, AUBURN, AL, 36832
NTEE Category
Code: B19 - Education
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