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47 Phila Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 141809430 ✦ Saratoga springs, NY ✦ Designated as a 501(c)(2)

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Overview

What is 47 Phila Inc?

47 Phila Inc is a nonprofit organization that primarily focuses on managing and holding real estate for a related 501(c)(3) organization, specifically Caffe Lena, Inc. 14-1726194. This partnership allows Caffe Lena, Inc. to utilize the provided real estate for its operations. The mission of 47 Phila Inc is to ensure the smooth functioning of this real estate arrangement, thereby supporting the activities of its affiliated organization.

Is 47 Phila Inc legitimate?

47 Phila Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. 47 Phila Inc 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 47 Phila Inc?

47 Phila Inc's primary role is to manage and hold the real estate utilized by a related 501(c)(3) organization, specifically Caffe Lena, Inc. The organization's objective is to support Caffe Lena, Inc., a non-profit entity, in its operations by providing suitable premises for its activities. This collaboration allows Caffe Lena, Inc. to focus on its mission, which is typically related to arts, culture, or community development. In essence, 47 Phila Inc. serves as a real estate facilitator, enabling the smooth operation of Caffe Lena, Inc. and its associated charitable activities.

Who is the CEO of 47 Phila Inc?

Peter R Martin is the Treasurer of 47 Phila Inc.

What is the revenue of 47 Phila Inc?

47 Phila Inc's revenue in 2022 was $100,254.

Who are the executives of 47 Phila Inc and what are their salaries?


Here are 6 key members and their salaries:


James Mastrianni (Immediate Past Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Veitch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Craig (Ex Officio - Non-Voting)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Gordon (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter R Martin (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kira Karbocus (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for 47 Phila Inc?

47 Phila Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of 47 Phila Inc

47 Phila Inc, as stated in its mission, is primarily focused on holding and managing real estate for a related 501(c)(3) organization named Caffe Lena, Inc. This nonprofit organization's role is to ensure the proper utilization of real estate by its affiliated entity, Caffe Lena, Inc. By doing so, 47 Phila Inc supports the operations of this related organization, contributing to its overall mission and purposes. It is important to note that 47 Phila Inc's activities are limited to property management, and it does not engage in any other activities or have a separate mission outside of this scope.

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Impact




October, 2024

47 Phila Inc plays a crucial role in supporting the cultural landscape of Saratoga Springs, NY, by managing the real estate utilized by Caffe Lena, a renowned venue for music and arts. Through its stewardship of the property, 47 Phila Inc ensures that Caffe Lena can continue to serve as a vibrant hub for community engagement, artistic expression, and the promotion of local talent.

By providing a stable and managed environment for Caffe Lena, 47 Phila Inc contributes to community improvement, fostering a sense of belonging and encouraging social interaction among residents and visitors alike. The organization facilitates a space where diverse performances and cultural events can flourish, enriching the local community and enhancing the overall quality of life in Saratoga Springs.




This information is meant to be a general summary of 47 Phila Inc. 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.

Revenue
$100,254 (2022)
Expenses
$99,496 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $66,256
  • Program Service Revenue: $33,996
  • Gross Receipts: $100,254

Assets and Liabilities:

  • Total Assets: $394,224
  • Total Liabilities: $267,142
  • Net Assets: $127,082

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Organization Details

Principal Officer

Peter R Martin

Main Address

PO BOX 245, SARATOGA SPRINGS, NY, 12866

NTEE Category

Code: S47 - Community improvement

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