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Nonprofit · EIN 86-4000927

RMI LAB PROPERTIES INC

Tax-exempt · FORT COLLINS, CO 80524

Financials

$342K$351K2023$445K$518K2024
Revenue Expenses · by fiscal year end
Financials of RMI LAB PROPERTIES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$444,757$517,888-$73,131$5,527,042$5,645,236-$118,194
December 31, 2023990$342,048$351,191-$9,143$5,617,113$5,662,176-$45,063
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$280,186
Investment income
$164,571
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$73
Accounting fees
$122,208
Occupancy
$39,057
Depreciation
$109,060
Program services (functional)
$341,237
Management and general (functional)
$176,651

Balance sheet and other

Total assets, start of year
$5,617,113
Total assets, end of year
$5,527,042
Total liabilities, end of year
$5,645,236
Net assets, end of year
-$118,194
Land, buildings and equipment
$3,930,720
Gross receipts
$444,757
Employees
10
Volunteers
0
Year formed
2021
State of legal domicile
CO

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
MICHAEL FREEMANPRESIDENT
Trustee or director, Officer
5$0$146,986$30,186
DOUG JOHNSONTREASURER
Trustee or director, Officer
2$0$0$0
TODD HEADLEYBOARD MEMBER
Trustee or director
1$0$0$0
MORGAN DEFOORTSECRETARY
Trustee or director, Officer
1$0$0$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
MICHAEL FREEMANPRESIDENT
Trustee or director, Officer
5$0$140,595$29,546
DOUG JOHNSONTREASURER
Trustee or director, Officer
2$0$0$0
TODD HEADLEYBOARD MEMBER
Trustee or director
1$0$0$0
MORGAN DEFOORTSECRETARY
Trustee or director, Officer
1$0$0$0

Address and contacts

Address (IRS master file)
320 E VINE DR STE 101, FORT COLLINS, CO 80524-2311
In care of
% MICHAEL FREEMAN
Principal officer (990 for 2024)
MIKE FREEMAN, 320 E VINE DRIVE SUITE 101, FORT COLLINS, CO 80524
Signed the 990
MIKE FREEMAN, CEO
Phone
(970) 221-1301
Return prepared by
PLANTE & MORAN PLLC

Mission

TO GIVE BIOSCIENCE AND CLIMATE TECH STARTUPS THE ABILITY TO ACCESS AFFORDABLE WET LABORATORY SPACE TO CARRY OUT THEIR RESEARCH AND DEVELOPMENT, AN ESSENTIAL STEP TO COMMERICALIZE THEIR TECHNOLOGIES.

990 for the year ended December 31, 2024

Program accomplishments

  • LABORATORY SPACE RENTAL FOR START UP COMPANIES FOR SUSTAINABILITY.
    Expenses $341,237 · revenue $280,186

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
86-4000927
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type I
Donations deductible (Pub 78)
Supporting organization, 50% limit
Exempt since
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$5,527,042
Income (IRS master file)
$444,757

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$444,757$517,888$5,527,042XML
990December 2023$342,048$351,191$5,617,113XML
990December 2022$196,177$272,231$5,651,438IRS
990December 2021–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-4000927).

Questions about RMI LAB PROPERTIES INC

What is the EIN of RMI LAB PROPERTIES INC?
The employer identification number (EIN) of RMI LAB PROPERTIES INC is 86-4000927.
Is RMI LAB PROPERTIES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to RMI LAB PROPERTIES INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does RMI LAB PROPERTIES INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of RMI LAB PROPERTIES INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did RMI LAB PROPERTIES INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of RMI LAB PROPERTIES INC?
The 990 for the year ended December 31, 2024 names MIKE FREEMAN.
Who are the officers and directors of RMI LAB PROPERTIES INC?
The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does RMI LAB PROPERTIES INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $444,757, expenses of $517,888 and total assets of $5,527,042 at year end.

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