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Nonprofiteer
← INDUSTRIAL PROPERTIES CORPORATION

Form 990 for tax year 2023

Filed by INDUSTRIAL PROPERTIES CORPORATION.

Totals

Total revenue
$73,706
Total expenses
$13,646
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$73,631
Other revenue
$75
Total assets, end of year
$2,350,549
Total liabilities, end of year
$250,684
Net assets or fund balances, end of year
$2,099,865
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • JAY ALEXANDER

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • JASON C FINK

    PRESIDENT & SECRETARY

    Total calculated
    $183,459
    From this org
    $0
    From related orgs
    $144,317
    Other
    $39,142
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $144,317 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,608 related
    Nontaxable benefits
    $0 + $35,534 related
    Filer's total
    $0 + $183,459 related

  • GEORGE E LOGUE JR

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • GABRIEL A SINICROPI JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DENNIS P BECK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRIAN P COZZI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • IRVIN C L GLEASON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT J GLUNK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • RICHARD HOWELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TONY R MUSSARE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BO HORNBERGER

    VP/CFO/TREASURER

    Total calculated
    $86,982
    From this org
    $0
    From related orgs
    $86,982
    Other
    $0
    Hours/week
    1 + 39 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 3
THE WLCC USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE CEO: COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202423209349301442

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