Overview
What is 550 Corporate Center Investment Group Inc?
550 Corporate Center Investment Group Inc is a title holding company situated in El Segundo, California. Their primary role is to manage real estate properties, generating income that benefits the Alaska Permanent Fund Corporation. As a title holder, their mission is to operate in this capacity, with the main objective being to generate income through property investments. This nonprofit organization operates with a focus on real estate, providing a steady income stream for its designated beneficiary.
Is 550 Corporate Center Investment Group Inc legitimate?
550 Corporate Center Investment Group Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. 550 Corporate Center Investment Group 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 550 Corporate Center Investment Group Inc?
550 Corporate Center Investment Group Inc's mission is centered around its role as a title holding company. The primary objective is to generate income from real estate investments. This income is then utilized for the benefit of the Alaska Permanent Fund Corporation. The company adheres to its purpose of operating as a title holding entity, ensuring a steady income stream from its real estate holdings.
Who is the CEO of 550 Corporate Center Investment Group Inc?
Unavailable
What is the revenue of 550 Corporate Center Investment Group Inc?
550 Corporate Center Investment Group Inc's revenue in 2022 was $8,839,467.
Who are the executives of 550 Corporate Center Investment Group Inc and what are their salaries?
Here are 3 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for 550 Corporate Center Investment Group Inc?
550 Corporate Center Investment Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 550 Corporate Center Investment Group Inc
550 Corporate Center Investment Group Inc, as a title holding company, is dedicated to serving the Alaska Permanent Fund Corporation by managing real property investments. Its mission is centered around generating income from these real estate holdings, operating with the same purpose as a title holding company. The organization's exempt purpose revolves around the profitable management of its real estate investments, ensuring a steady income stream for its beneficiary.
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Impact
October, 2024
550 Corporate Center Investment Group Inc plays a significant role in the real estate sector by specializing in title holding and generating income through real property investments. Its primary mission is to benefit the Alaska Permanent Fund Corporation, which underscores its contribution to financial stability and growth within the state of Alaska.
By holding and managing real estate, the organization not only provides a consistent income stream but also contributes to community improvement and regional development in its operational area. Located in El Segundo, CA, the company effectively combines strategic real estate management with a focus on long-term financial benefit, creating a positive impact on both local and broader economic scales. This approach enhances the overall financial resources available to the Alaska Permanent Fund, which is crucial for funding public dividends and supporting the state's economic vitality.
This information is meant to be a general summary of 550 Corporate Center Investment Group 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: $8,839,467
- Gross Receipts: $8,839,467
Assets and Liabilities:
- Total Assets: $108,506,829
- Total Liabilities: $69,698,616
- Net Assets: $38,808,213
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REAL PROPERTY RENTAL INCOME
Revenue
$6,977,820
TENANT REIMBURSEMENTS
Revenue
$369,618
ALL OTHER PROGRAM SERVICE REVENUE
Revenue
$1,492,029
Organization Details
Founding Year
1998
Phone
(310) 988-7300Main Address
2274 E MAPLE AVE, EL SEGUNDO, CA, 90245
NTEE Category
Code: S47 - Community improvement
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