Lagrange College Property Management Inc

Organization Overview

Lagrange College Property Management Inc is located in Lagrange, GA. The organization was established in 2017. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lagrange College Property Management Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

LAGRANGE COLLEGE PROPERTY MANAGEMENT IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF SUPPORTING THE INTERESTS OF LAGRANGE COLLEGE. THE ORGANIZATION WILL ACQUIRE AND DEVELOP REAL ESTATE PROPERTY FOR EXCLUSIVE USE BY LAGRANGE COLLEGE THROUGH A LEASE RELATIONSHIP.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LAGRANGE COLLEGE PROPERTY MANAGEMENT, INC. HAS CONSTRUCTED A 43,000 SQUARE FOOT SCIENCE FACILITY ON THE CORNER OF VERNON STREET AND PARK AVENUE, AT 200 PARK AVENUE, ACROSS THE STREET FROM THE CURRENT CALLAWAY SCIENCE BUILDING. THE NEW FACILITY, COMPLETED IN 2017, HOUSES A STATE OF THE ART LABORATORY SPACE FOR INSTRUCTION IN BIOLOGY, ECOLOGY, ANATOMY, PHYSIOLOGY, CHEMISTRY, AND IMMUNOLOGY. THE NEW IDA CALLAWAY HUDSON SCIENCE BUILDING IS LOCATED WITHIN A CENSUS TRACT THAT IS ELIGIBLE FOR THE NEW MARKET TAX CREDIT PROGRAM. FOR THE COLLEGE TO BENEFIT UNDER THE NMTC PROGRAM, DURING 2016, THE COLLEGE ENTERED INTO A SERIES OF AGREEMENTS AND TRANSACTIONS WITH A CDE AND AN INVESTMENT FUND AFFILIATED WITH A COMMERCIAL BANK. THE COLLEGE FORMED LAGRANGE COLLEGE PROPERTY MANAGEMENT, INC (LCPMI) TO FACILITATE THE TRANSACTION, BY ISSUANCE OF A NOTE RECEIVABLE AGREEMENT TO THE INVESTMENT FUND.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$101,000
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $101,000

Create an account to unlock the data you need.

or