Overview
What is Brcc Facilities Corporation?
Brcc Facilities Corporation is a nonprofit organization that works in close partnership with Baton Rouge Community College (BRCC) and the Louisiana Community and Technical College System (LCTCS). Its primary mission is to construct academic facilities and offices for BRCC, which are currently leased from LCTCS. The corporation finances its construction projects through bond issues, with the Louisiana Local Government Environment Facilities and Community Development Authority (LCDA) playing a role. After the bond financing is repaid, the buildings will be transferred to the State of Louisiana for BRCC's use. The corporation operates under a net lease agreement with an option to purchase, and the lease payments are used to repay the bond financing. The funds for LCTCS to pay the lease payments are appropriated by the State of Louisiana under a Cooperative Endeavor Agreement. In summary, Brcc Facilities Corporation plays a crucial role in expanding BRCC's campus infrastructure, with funding and oversight provided by various state entities.
Is Brcc Facilities Corporation legitimate?
Brcc Facilities Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brcc Facilities 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.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Brcc Facilities Corporation?
The Brcc Facilities Corporation's primary role is to construct academic facilities and offices for a community college, specifically Baton Rouge Community College (BRCC). The corporation leases property for this purpose from the Louisiana state government. The construction of these facilities is financed through a bond issue by the Louisiana Local Government Environment Facilities and Community Development Authority (LCDA). Once the bond financing is repaid, the ownership of the facilities will be transferred to the State of Louisiana for the use of BRCC, a state community college managed by the Louisiana Community and Technical College System (LCTCS). The lease payments made by LCTCS are used to repay the bond financing, with funds for these payments being appropriated by the State of Louisiana under a Cooperative Endeavor Agreement.
Who is the CEO of Brcc Facilities Corporation?
Fabian Blache Jr is the President of Brcc Facilities Corporation.
What is the revenue of Brcc Facilities Corporation?
Brcc Facilities Corporation's revenue in 2023 was $5,180,979.
Who are the executives of Brcc Facilities Corporation and what are their salaries?
- Fabian Blache Jr (President) [Trustee/Director]
- Sean Reilly (Secretary) [Trustee/Director]
- Jimmy Lyles (Treasurer) [Trustee/Director]
Where can I find the form 990 for Brcc Facilities Corporation?
The Brcc Facilities Corporation’s most recent form 990 was submitted in 2023 and can be accessed here
Mission Statement of Brcc Facilities Corporation
Brcc Facilities Corporation, as a nonprofit entity, is primarily dedicated to constructing academic facilities and offices for Baton Rouge Community College (BRCC). The corporation leases property from the Louisiana state government and finances its construction projects through bond issues. Once the bond financing is repaid, Brcc Facilities Corporation's facilities will be transferred to the State of Louisiana for use by BRCC, a state community college operated by the Louisiana Community and Technical College System (LCTCS). Essentially, Brcc Facilities Corporation plays a crucial role in expanding BRCC's campus infrastructure, contributing to the provision of quality education and academic resources for the community.
Impact
This information is meant to be a general summary of Brcc Facilities Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Brcc Facilities Corporation's impact is significant in providing essential infrastructure for the Baton Rouge Community College (BRCC). By constructing buildings with academic facilities and offices, the corporation supports the educational needs of the community college, ultimately benefiting students, faculty, and staff. This initiative contributes to the overall development and growth of BRCC, enhancing the educational environment and opportunities available to individuals in Baton Rouge, Louisiana.
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 2023.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME - BRCC
Revenue
$4,310,243
Organization Details
Founding Year
2002
Phone
(225) 387-4000
Principal Officer
Fabian Blache Jr
Main Address
ONE AMERICAN PLACE SUITE 2300, BATON ROUGE, LA, 70825
NTEE Category
Code: B82 - Education
If you are a representative of Brcc Facilities Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.