Overview
What is Wpea Building Corporation?
Wpea Building Corporation is a corporation that primarily holds title to and leases commercial real estate to a related tax-exempt organization. Situated in Olympia, Washington, this corporation plays a crucial role in providing commercial property for a nonprofit entity, as per the guidelines set forth in the Internal Revenue Code Section 501(C)(2). This arrangement allows the nonprofit organization to operate from a secured location, contributing to its overall mission and activities.
Is Wpea Building Corporation legitimate?
Wpea Building Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Wpea Building 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: $180
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Wpea Building Corporation?
Wpea Building Corporation's primary mission is to hold title to and lease commercial real estate to a related tax-exempt organization, as permitted by the Internal Revenue Code section 501(c)(2). This corporation primarily leases its commercial property to such an organization, serving a purpose that aligns with the tax-exempt organization's charitable objectives. The corporation's activities are centered around facilitating the use of commercial real estate for the benefit of this related tax-exempt organization.
Who is the CEO of Wpea Building Corporation?
Mark Baca is the Director of Wpea Building Corporation.
What is the revenue of Wpea Building Corporation?
Wpea Building Corporation's revenue in 2023 was $57,726.
Who are the executives of Wpea Building Corporation and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Wpea Building Corporation?
Wpea Building Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Wpea Building Corporation
Wpea Building Corporation, as a corporation, has a distinct mission. It holds title to and leases commercial real estate primarily to a related tax-exempt organization. This mission, in simpler terms, involves providing a physical space for a nonprofit organization to carry out its activities. By doing so, Wpea Building Corporation plays a crucial role in supporting the operations of this tax-exempt organization, enabling it to fulfill its own mission effectively. The corporation's role is instrumental in providing the necessary infrastructure for the nonprofit's operations, thereby contributing to its overall success.
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Impact
October, 2024
Wpea Building Corporation significantly impacts its community by managing and leasing commercial real estate, primarily to a related tax-exempt organization. By holding title to these properties, Wpea ensures that vital resources are available for community-focused initiatives and services. This activity supports local economic growth and community improvement, providing essential space for organizations that serve the public good. Located in Olympia, WA, Wpea plays a crucial role in facilitating access to facilities that empower and enhance community engagement. Through its operations, Wpea Building Corporation contributes to the overall vitality and development of the local area.
This information is meant to be a general summary of Wpea Building 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 2023.
- Investment Income: $33
- Program Service Revenue: $49,200
- Gross Receipts: $82,581
Assets and Liabilities:
- Total Assets: $540,021
- Total Liabilities: $2,769
- Net Assets: $537,252
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$49,200
Organization Details
Founding Year
1971
Phone
(360) 943-1121Principal Officer
Mark Baca
Main Address
140 PERCIVAL ST NW, OLYMPIA, WA, 98502
NTEE Category
Code: S47 - Community improvement
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