Overview
What is Praxis Corporation?
Praxis Corporation is a title-holding organization situated in Utica, New York. Its primary function is to manage property titles and collect the associated income. This income, after deducting expenses, is then forwarded to Munson Williams Proctor Arts Institute, a 501(C)(3) nonprofit organization. The purpose of this financial transaction is to support the arts institution's operations and initiatives. Praxis Corporation's role is essential in providing a steady income stream for the arts institute, contributing to its overall mission and impact in the community.
Is Praxis Corporation legitimate?
Praxis Corporation is a legitimate nonprofit organization registered as a 501(c)(8) entity. Praxis 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 Praxis Corporation?
Praxis Corporation serves as a title holding company, with its primary objective being to manage property titles. Its main function involves collecting the income generated from these properties and subsequently remitting the net income (after deducting expenses) to the Munson Williams Proctor Arts Institute, a non-profit organization under section 501(c)(3) of the Internal Revenue Code. This financial support enables the arts institute to carry out its charitable activities.
Who is the CEO of Praxis Corporation?
Lisa Walchusky is the Secretary of Praxis Corporation.
What is the revenue of Praxis Corporation?
Praxis Corporation's revenue in 2022 was -$57,900.
Who are the executives of Praxis Corporation and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $125,915
- Other: $10,065
Where can I find the form 990 for Praxis Corporation?
Praxis Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Praxis Corporation
Praxis Corporation, as a title holding company, serves a unique role with a singular mission. Its primary objective is to safeguard property titles and generate income from these assets. This income is then meticulously managed, with the excess amount being remitted to the Munson Williams Proctor Arts Institute, a recognized 501(C)(3) organization. By performing this function, Praxis Corporation plays a crucial role in supporting the artistic initiatives and programs of the Munson Williams Proctor Arts Institute. This mission of Praxis Corporation effectively aligns its business interests with the broader goals of promoting and nurturing artistic endeavors, thereby contributing to the cultural richness and creative growth within the community.
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Impact
October, 2024
Praxis Corporation significantly contributes to the economic sustainability of the Munson Williams Proctor Arts Institute by managing property titles and generating income that supports the arts. By efficiently holding and managing these titles, Praxis ensures a steady stream of revenue, which is then directed to enhance the institute’s programs and services. This financial support plays a crucial role in fostering community improvement and cultural enrichment in Utica, NY, enabling the arts institute to engage with the community, offer educational opportunities, and host various cultural events. Through its dedicated operations, Praxis Corporation helps to sustain and elevate the arts, thereby enriching the overall quality of life in the region.
This information is meant to be a general summary of Praxis 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.
- Gross Receipts: $40,434
Assets and Liabilities:
- Total Assets: $205,614
- Total Liabilities: $69,988
- Net Assets: $135,626
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Organization Details
Founding Year
1992
Phone
(315) 797-0000Principal Officer
Lisa Walchusky
Main Address
310 GENESEE STREET, UTICA, NY, 13502
NTEE Category
Code: S47 - Community improvement
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