Overview
What is Pac Development Inc?
Pac Development Inc is a nonprofit entity primarily focused on property management. The organization holds title to properties and collects income generated from them. Notably, the income collected is then transferred to the Muriel McBrien Kauffman Family Foundation, a qualified 501(c)(3) organization. This transfer process is the core purpose of Pac Development Inc, which is solely organized for this specific mission. The organization is run by David C. Lady. In essence, Pac Development Inc serves as a financial intermediary, channeling income from property assets to a charitable foundation.
Is Pac Development Inc legitimate?
Pac Development Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Pac Development Inc 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 Pac Development Inc?
Pac Development Inc is established with the primary objective of managing property and generating income. This income is then transferred, after deducting expenses, to the Muriel McBrien Kauffman Family Foundation, a recognized 501(c)(3) organization. The organization's role is solely focused on this property management and income distribution task. It is organized and operates with this specific purpose in mind.
Who is the CEO of Pac Development Inc?
David C Lady is the President of Pac Development Inc.
What is the revenue of Pac Development Inc?
Pac Development Inc's revenue in 2022 was $2,249,012.
Who are the executives of Pac Development Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $256,342
- Other: $57,582
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Pac Development Inc?
Pac Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pac Development Inc
Pac Development Inc is a unique organization with a singular mission. Its primary purpose is to hold title to property and generate income from it. This income, after deducting expenses, is then transferred in its entirety to the Muriel McBrien Kauffman Family Foundation, a recognized 501(c)(3) nonprofit organization. This mission is the driving force behind Pac Development Inc's operations, with the organization operating solely for this purpose. The role of David C. Lady in overseeing these operations further underscores the organization's commitment to its mission.
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Impact
October, 2024
Pac Development Inc plays a crucial role in community improvement through its focused mission of property management and income generation. By holding title to property and efficiently collecting income, the organization facilitates financial support for the Muriel McBrien Kauffman Family Foundation. This partnership ensures that the funds, net of expenses, are redirected to support programs and initiatives that have a positive impact on the community.
In this capacity, Pac Development Inc acts as a vital link, enabling the foundation to further its charitable goals and contribute to various community projects. The structure of their operations enhances the effectiveness of philanthropic efforts, allowing for sustained contributions that can uplift and enrich the lives of those in Kansas City and beyond. Through its dedicated work, Pac Development Inc embodies a commitment to fostering community improvement and facilitating meaningful change.
This information is meant to be a general summary of Pac Development 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,808,922
- Gross Receipts: $4,030,559
Assets and Liabilities:
- Total Assets: $11,106,219
- Total Liabilities: $0
- Net Assets: $11,106,219
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Organization Details
Founding Year
2006
Phone
(816) 932-1219Principal Officer
David C Lady
Main Address
4801 ROCKHILL ROAD, KANSAS CITY, MO, 641102046
NTEE Category
Code: S47 - Community improvement
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