Overview
What is October Corporation?
October Corporation serves as a trustee, holding property titles on behalf of the Libra Foundation. Its primary role involves receiving net rental income derived from these properties and subsequently channeling these funds to the Libra Foundation. By performing this function, October Corporation plays a crucial role in supporting the Libra Foundation's operations and initiatives. The organization is based in Portland, Maine, with its primary address located at THREE CANAL PLAZA PO BOX 17516.
Is October Corporation legitimate?
October Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. October 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.
Heare 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 October Corporation?
October Corporation's mission revolves around managing real estate properties on behalf of the Libra Foundation. The primary objective is to generate net rental income from these properties and subsequently distribute it to the Libra Foundation. This organization serves as a financial intermediary, ensuring the Libra Foundation benefits from the income generated from these properties.
Who is the CEO of October Corporation?
Craig Denekas is the President, Director of October Corporation.
What is the revenue of October Corporation?
October Corporation's revenue in 2022 was -$1,812,728.
Who are the executives of October Corporation and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $14,500
- Related: $414,445
- Other: $79,135
- Compensation: $14,500
- Related: $114,434
- Other: $52,649
- Compensation: $14,500
- Related: $14,500
- Other: $0
- Compensation: $14,500
- Related: $14,500
- Other: $0
- Compensation: $0
- Related: $389,952
- Other: $62,091
- Compensation: $0
- Related: $275,028
- Other: $63,551
- Compensation: $0
- Related: $275,111
- Other: $80,027
- Compensation: $0
- Related: $125,001
- Other: $42,256
- Compensation: $0
- Related: $125,001
- Other: $42,873
Where can I find the form 990 for October Corporation?
October Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of October Corporation
October Corporation, as a nonprofit entity, is tasked with an important mission. Its primary objective is to act as a trustee for the Libra Foundation, holding title to real estate properties on their behalf. This role allows October Corporation to collect all the net rental income generated from these properties. Subsequently, this income is distributed directly to the Libra Foundation, thereby supporting their initiatives and causes. In essence, October Corporation serves as a crucial intermediary, facilitating the financial flow between the real estate properties and the Libra Foundation, thereby contributing to its overall mission.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
October Corporation plays a significant role in supporting community initiatives through its management of real estate assets on behalf of the Libra Foundation. By holding title to properties and ensuring effective rental income generation, the organization creates a sustainable financial resource that is distributed to the Libra Foundation. This structured approach not only provides essential funding for various community improvement projects but also enhances the capacity of the Libra Foundation to make a meaningful impact in the Portland area. The income derived from these properties enables targeted investments in the community, fostering development and creating opportunities for residents. Overall, October Corporation serves as a vital conduit for resources that bolster community welfare and improvement efforts.
This information is meant to be a general summary of October Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
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 2022.
- Investment Income: $546,070
- Gross Receipts: $10,515,879
Assets and Liabilities:
- Total Assets: $59,502,201
- Total Liabilities: $525,388
- Net Assets: $58,976,813
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1994
Phone
(207) 879-6280Principal Officer
Craig Denekas
Main Address
THREE CANAL PLAZA PO BOX 17516, PORTLAND, ME, 041128516
NTEE Category
Code: S47 - Community improvement
If you are a representative of October 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.