Overview
What is Davie County Public Facilitiesfinancing Corporation?
Davie County Public Facilitiesfinancing Corporation is a supporting organization, as per section 509(a)(3), affiliated with Davie County, North Carolina. Based at 123 S MAIN ST, Mocksville, this nonprofit's primary mission is to facilitate the construction of educational facilities. They accomplish this by selling Certificates of Participation to potential investors. This financing mechanism enables Davie County to fund necessary educational infrastructure projects without the need for large upfront payments. This nonprofit plays a vital role in enhancing educational facilities within the county, contributing to the betterment of the local community.
Is Davie County Public Facilitiesfinancing Corporation legitimate?
Davie County Public Facilitiesfinancing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Davie County Public Facilitiesfinancing 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
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What is the mission statement of Davie County Public Facilitiesfinancing Corporation?
The Davie County Public Facilitiesfinancing Corporation, functioning as a supporting organization, primarily focuses on selling certificates of participation to facilitate the construction of educational facilities. Its mission is centered around providing financial aid for educational infrastructure development, ensuring the repayment of the principal and interest associated with these certificates of participation. The corporation operates under the oversight of a publicly supported organization, contributing to the improvement of educational facilities in an unspecified locale.
What is the revenue of Davie County Public Facilitiesfinancing Corporation?
Davie County Public Facilitiesfinancing Corporation's revenue in 2024 was $840,664.
Who are the executives of Davie County Public Facilitiesfinancing Corporation and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Davie County Public Facilitiesfinancing Corporation?
Davie County Public Facilitiesfinancing Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Davie County Public Facilitiesfinancing Corporation
Davie County Public Facilities Financing Corporation, functioning as a supporting organization under section 509(a)(3), is primarily tasked with selling Certificates of Participation to construct educational facilities. This organization plays a vital role in supporting Davie County, North Carolina, in its endeavors to enhance its educational infrastructure. The main mission of this corporation is to facilitate the financing of educational projects by issuing these certificates, which are then purchased by investors. The repayment of the principal and interest of these certificates is the responsibility of Davie County, ensuring that the investors' investments are secured. In essence, Davie County Public Facilities Financing Corporation serves as a financial intermediary, enabling Davie County to construct essential educational facilities without relying solely on local funds.
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Impact
October, 2024
The Davie County Public Facilities Financing Corporation plays a crucial role in supporting the construction of educational facilities in Davie County, NC. By facilitating the sale of certificates of participation, the organization enables the financing of vital infrastructure projects that contribute to the community's educational landscape. This impact is particularly significant as it supports the development of schools, ensuring that students have access to quality learning environments.
The repayment of principal and interest on these certificates is handled systematically, ensuring that the community can sustain its investments in education without imposing undue financial burdens. The Corporation acts as a pivotal mechanism for local government efforts, helping to foster an environment where educational institutions can thrive. Through its initiatives, it enhances public benefit by prioritizing access to education and improving the overall quality of facilities available to students in Davie County.
This information is meant to be a general summary of Davie County Public Facilitiesfinancing 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 2024.
- Gross Receipts: $840,664
Assets and Liabilities:
- Total Assets: $1,662,000
- Total Liabilities: $1,662,000
- Net Assets: $0
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Organization Details
Founding Year
2006
Principal Officer
Robin M West
NTEE Category
Code: W22 - Public benefit
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