Overview
What is Kc Club Inc?
Kc Club Inc is a nonprofit organization situated in State College, Pennsylvania, with an address at 820 Westerly Parkway, ZIP code 16801. The primary purpose of this club was to hold the title to real estate, generating revenue from the rental of its facility and equipment. Excess revenues from these activities were then utilized to support the charitable endeavors of the Knights of Columbus Council 4678. In 2021, the club sold its property and is currently undergoing dissolution, transferring all its funds to the Knights of Columbus Council 4678. The club's main objective was to contribute to local Catholic charities and events through its financial support.
Is Kc Club Inc legitimate?
Kc Club Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Kc Club 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:
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What is the mission statement of Kc Club Inc?
The Kc Club Inc, organized primarily for holding real estate title, utilized its rental revenue excesses to aid in the charitable activities of the Knights of Columbus Council. The club's surplus revenues were invested and served as an alternative source of funding for the Council, which is dedicated to supporting local Catholic charities and events. The Kc Club Inc's resources, including any returns from these investments, were transferred to the Knights of Columbus Council 4678 in 2021, marking the Club's dissolution. Throughout its existence, the Kc Club Inc's purpose was to provide financial support for the charitable endeavors of the Knights of Columbus Council.
Who is the CEO of Kc Club Inc?
Mark Thorwart is the President of Kc Club Inc.
What is the revenue of Kc Club Inc?
Kc Club Inc's revenue in 2021 was $1,561,572.
Who are the executives of Kc Club Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Kc Club Inc?
Kc Club Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Kc Club Inc
Kc Club Inc, a nonprofit organization, was established with the primary objective of holding the title to real estate. The club derived income from the rental of its facility and equipment. Notably, any excess revenues generated were channeled towards supporting the charitable events and initiatives of the Knights of Columbus Council. The Kc Club's mission was to contribute to the exempt activities of the Knights of Columbus Council 4678, an organization committed to supporting local Catholic charities and events. In 2021, the Kc Club sold its property and is in the process of dissolution. During its active period, the club's profits were transferred to the Knights of Columbus Council 4678, providing additional resources for their charitable endeavors.
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Impact
October, 2024
Kc Club Inc has had a significant impact on the State College community through its real estate holdings and the support it provided to the Knights of Columbus Council 4678. By renting out its facility and equipment, the club generated excess revenues that were directed toward charitable efforts. This funding played a crucial role in supporting local Catholic charities and community events organized by the Council, bolstering their mission of community improvement.
In the past year, the resources channeled from Kc Club Inc to the Knights of Columbus allowed for enhanced charitable activities, with a focus on uplifting community needs. Although the club sold its property in May 2021 and is now dissolving, its legacy continues through the financial support provided to the Council. The return on investment from these activities has created a lasting impact on the community, enabling ongoing charity work that benefits local residents and organizations.
This information is meant to be a general summary of Kc Club 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 2021.
- Investment Income: $1,550,391
- Gross Receipts: $1,573,343
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
1998
Phone
(814) 237-6709Principal Officer
Mark Thorwart
Main Address
820 Westerly Parkway, State College, PA, 16801
NTEE Category
Code: S47 - Community improvement
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