Overview
What is Tca Building Corporation?
Tca Building Corporation is a nonprofit organization primarily focused on educational endeavors. Located in Colorado Springs, Colorado, this entity owns and manages property, such as land, buildings, and improvements, with the intention of utilizing them for educational purposes. The corporation provides financial support to The Classical Academy and Pikes Peak Community College by utilizing loan proceeds from the Colorado Educational and Cultural Facilities Authority (CECFA) bonds. Moreover, Tca Building Corporation collects rent and pays off bond debt service, contributing to the development of educational facilities. The organization's mission is to serve the educational sector by holding title to real and personal property for educational purposes.
Is Tca Building Corporation legitimate?
Tca Building Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tca Building Corporation 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.
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Tca Building Corporation?
Tca Building Corporation is established primarily for educational purposes. Its activities include holding title to real and/or personal property, which it utilizes for educational purposes. The corporation was granted funds from the Colorado Educational and Cultural Facilities Authority (CECFA) bonds to construct educational facilities. These facilities are intended for the use by The Classical Academy and Pikes Peak Community College. Tca Building Corporation manages capital assets such as land, buildings, and improvements, and it also collects rent. In addition, the corporation is responsible for paying the bond debt service.
Who is the CEO of Tca Building Corporation?
Ron Mast is the President of Tca Building Corporation.
What is the revenue of Tca Building Corporation?
Tca Building Corporation's revenue in 2022 was $5,461,367.
Who are the executives of Tca Building Corporation and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Tca Building Corporation?
Tca Building Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tca Building Corporation
Tca Building Corporation, an organization with a sole purpose for education, is dedicated to holding title to real and personal property for educational use. This nonprofit corporation serves as a facilitator, providing resources such as land, buildings, and improvements, for educational institutions. The corporation's primary role is to finance the construction of educational facilities, in this case, for The Classical Academy and Pikes Peak Community College, using funds from the Colorado Educational and Cultural Facilities Authority (CECFA) bonds. Tca Building Corporation also manages these resources effectively, collecting rent and making necessary payments to cover bond debt service.
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Impact
October, 2024
Tca Building Corporation plays a vital role in enhancing educational opportunities by developing and managing facilities that support learning. By financing the construction of educational institutions like The Classical Academy and Pikes Peak Community College through loans secured by Colorado Educational and Cultural Facilities Authority (CECFA) bonds, the corporation ensures that these institutions have the necessary infrastructure to provide quality education.
The corporation's activities include holding and managing capital assets such as land, buildings, and improvements. By collecting rent and managing debt service from these properties, Tca Building Corporation enables educational institutions to focus resources on their core mission of teaching and learning. This impact extends beyond individual schools; it contributes to the broader educational landscape and community development in Colorado Springs by providing accessible and well-maintained facilities that foster academic growth and opportunities for students.
This information is meant to be a general summary of Tca Building Corporation. 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: -$40,336
- Program Service Revenue: $3,559,646
- Gross Receipts: $5,461,367
Assets and Liabilities:
- Total Assets: $64,045,941
- Total Liabilities: $44,472,047
- Net Assets: $19,573,894
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$3,559,646
Organization Details
Founding Year
2006
Phone
(719) 260-6475Principal Officer
Ron Mast
Main Address
5825 DELMONICO DRIVE, COLORADO SPRINGS, CO, 80919
NTEE Category
Code: P11 - Human services
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