Overview
What is Richmond Ballet Building Corporation?
Richmond Ballet Building Corporation is a nonprofit entity established with a specific mission. Situated at 407 EAST CANAL STREET, RICHMOND, VA 23219, its primary function is to manage and monetize property, generating rental income. This income is then forwarded to the Richmond Ballet, a tax-exempt organization under IRC 501(C)(3). The nonprofit's purpose is to support the Richmond Ballet, contributing to its operations and upholding its tax-exempt status.
Is Richmond Ballet Building Corporation legitimate?
Richmond Ballet Building Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Richmond Ballet 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Richmond Ballet Building Corporation?
The Richmond Ballet Building Corporation serves a specific purpose, acting as a facilitator for a tax-exempt organization, the Richmond Ballet, under IRC 501(C)(3). Its primary role is to hold property titles and collect rental income, which it then distributes to the Richmond Ballet. This corporation's activities are centered around supporting the Richmond Ballet financially, enabling it to carry out its artistic and educational missions. By managing the property and income, the Richmond Ballet Building Corporation plays a crucial role in ensuring the continuity and sustainability of the Richmond Ballet's operations.
Who is the CEO of Richmond Ballet Building Corporation?
Brett Bonda is the Chairman of Richmond Ballet Building Corporation.
What is the revenue of Richmond Ballet Building Corporation?
Richmond Ballet Building Corporation's revenue in 2023 was -$101,094.
Who are the executives of Richmond Ballet Building Corporation and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Richmond Ballet Building Corporation?
Richmond Ballet Building Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Richmond Ballet Building Corporation
Richmond Ballet Building Corporation serves a unique role in supporting the Richmond Ballet, a tax-exempt organization under IRC 501(C)(3). The primary mission of this corporation is to hold title to property and collect rental income. This income is then remitted to the Richmond Ballet, providing it with crucial financial resources. By fulfilling this function, the Richmond Ballet Building Corporation plays a vital role in enabling the Richmond Ballet to continue its artistic pursuits and cultural contributions to the community. The corporation's mission is essential in ensuring the financial stability and operational success of the Richmond Ballet.
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Impact
October, 2024
The Richmond Ballet Building Corporation plays a crucial role in supporting the Richmond Ballet by managing property and handling rental income that directly benefits the ballet's operations. By holding title to property, the corporation ensures that rental proceeds are collected and remitted to the Richmond Ballet, which allows for sustained financial support of its artistic programs and community outreach initiatives. This income stability is vital for maintaining the ballet's presence in the region, facilitating performances, educational activities, and fostering cultural engagement within the Richmond community. The Corporation’s activities contribute to the overall health of the local arts ecosystem, enhancing the cultural landscape of Richmond, VA.
This information is meant to be a general summary of Richmond Ballet 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.
- Gross Receipts: $50,398
Assets and Liabilities:
- Total Assets: $4,741,657
- Total Liabilities: $0
- Net Assets: $4,741,657
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Organization Details
Founding Year
1997
Phone
(804) 344-0906Principal Officer
Brett Bonda
Main Address
407 EAST CANAL STREET, RICHMOND, VA, 23219
NTEE Category
Code: L11 - Housing
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