Overview
What is Alcoma Corporation?
Alcoma Corporation serves as a title-holding company, managing investment assets on its behalf. Its primary objective is to generate income from these assets and subsequently distribute the net earnings annually to the Heckscher Foundation for Children, a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code. Alcoma Corporation's role is to act as an intermediary, ensuring that the foundation receives a steady income stream to support its charitable activities.
Is Alcoma Corporation legitimate?
Alcoma Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Alcoma Corporation submitted a form 990EZ, 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.
What is the mission statement of Alcoma Corporation?
Alcoma Corporation serves as a title-holding company, its primary mission being to collect income from its investment assets. After covering expenses, it distributes its net income annually to the Heckscher Foundation for Children, a charity exempt from tax under Section 501(c)(3) of the Internal Revenue Code. Essentially, Alcoma Corporation acts as a financial intermediary, funneling funds to support the charitable work of the Heckscher Foundation for Children.
Who is the CEO of Alcoma Corporation?
David Tillson is the Trustee of Alcoma Corporation.
What is the revenue of Alcoma Corporation?
Alcoma Corporation's revenue in 2021 was $32,763.
Who are the executives of Alcoma Corporation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Alcoma Corporation?
Alcoma Corporation's most recent form 990EZ was submitted in 2021 and can be accessed here.
Mission Statement of Alcoma Corporation
Alcoma Corporation, as a title-holding company, is dedicated to fulfilling a unique mission. Its primary objective is to maintain ownership of various investment assets. By successfully managing these assets, Alcoma collects the corresponding income. After accounting for operational expenses, the corporation generously distributes its remaining net income annually. The recipient of this generous donation is none other than the Heckscher Foundation for Children, a recognized nonprofit organization that operates under the tax-exempt status of Section 501 (c) (3) of the Internal Revenue Code. In essence, Alcoma Corporation serves as a financial conduit, channeling funds to support the Heckscher Foundation's noble initiatives aimed at bettering the lives of children.
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
Alcoma Corporation plays a significant role in generating financial support for the Heckscher Foundation for Children. By holding and managing investment assets, Alcoma collects income that is then distributed to the foundation after paying operating expenses. This financial mechanism ensures a steady flow of resources to the foundation, which is dedicated to improving the lives of children in need. The organization's structured approach to asset management not only bolsters the foundation's mission but also contributes to community improvement initiatives that foster positive change and support for vulnerable populations. Through its operations, Alcoma Corporation underscores the importance of strategic investment in advancing humanitarian goals.
This information is meant to be a general summary of Alcoma 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 2021.
- Gross Receipts: $32,763
Assets and Liabilities:
- Total Assets: $76,757
- Total Liabilities: $0
- Net Assets: $76,757
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Phone
(212) 744-0190Principal Officer
David Tillson
Main Address
123 EAST 70TH STREET, NEW YORK, NY, 10021
NTEE Category
Code: S47 - Community improvement
If you are a representative of Alcoma 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.