550 Corporate Center Investment Group Inc
- Assets
- $108.5m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 0
- Location
- El Segundo, CA
- Founding
- 11/1999
- Data as of
- 12/2022
- EIN
- 95-4723326
Organization Overview
550 Corporate Center Investment Group Inc is located in El Segundo, CA. The organization was established in 1999. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2022, 550 Corporate Center Investment Group Inc generated $8.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.2% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TITLE HOLDING COMPANY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EXEMPT PURPOSE OF 550 CORPORATE CENTER INVESTMENT GROUP, INC. IS TO HOLD REAL PROPERTY AND COLLECT THE INCOME FROM SUCH PROPERTY FOR THE BENEFIT OF THE ALASKA PERMANENT FUND CORPORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice President | OfficerTrustee | 0 | $0 |
Name Not Listed President | OfficerTrustee | 0 | $0 |
Name Not Listed Vp/secretary/treasurer | OfficerTrustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Black Diamond Commercial Construction Inc Construction/building Improvement | 12/30/22 | $1,308,340 |
Otis Elevator Company Elevator Modernization And Maintenance | 12/30/22 | $1,191,513 |
Allied Universal Security Services Onsite Security Team | 12/30/22 | $647,363 |
Abm Industry Groups Llc Engineering/technician Support At Site | 12/30/22 | $502,042 |
Cushman & Wakefield Us Inc Property Mgmt And Construction Mgmt | 12/30/22 | $491,284 |
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 | $8,839,467 |
| 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 | $8,839,467 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $420,116 |
| Fees for services: Legal | $28,435 |
| Fees for services: Accounting | $27,907 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $294,723 |
| Fees for services: Other | $0 |
| Advertising and promotion | $51,637 |
| Office expenses | $146,977 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,638,021 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,499,808 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,173,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $936,079 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $527,185 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $30,640 |
| Net Land, buildings, and equipment | $107,012,925 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $108,506,829 |
| Accounts payable and accrued expenses | $949,518 |
| Grants payable | $0 |
| Deferred revenue | $174,622 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $68,279,856 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $294,620 |
| Total liabilities | $69,698,616 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$68,202,375 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $107,010,588 |
| Total liabilities and net assets/fund balances | $108,506,829 |