Overview
What is Swfbc Enterprises Inc?
Swfbc Enterprises Inc is a title-holding company, established for the sole purpose of managing property on behalf of a qualifying religious organization, Southwest Florida Baptist Church Inc. The organization's role involves collecting rent from the property and then distributing the entire income, after covering expenses, to its affiliated church. The primary objective of Swfbc Enterprises Inc is to support its religious counterpart by managing its property-related affairs.
Official website here: www.swbcfortmyers.com
Is Swfbc Enterprises Inc legitimate?
Swfbc Enterprises Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Swfbc Enterprises 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
For more financial information, click here
Official website here: www.swbcfortmyers.com
What is the mission statement of Swfbc Enterprises Inc?
Swfbc Enterprises Inc serves as a title holding company for a qualifying religious organization, Southwest Florida Baptist Church Inc. Its primary objective is to hold title to property and collect rent from these properties. The entire income, after deducting expenses, is then transferred to the church. In essence, Swfbc Enterprises Inc acts as a financial intermediary, supporting the operations of Southwest Florida Baptist Church Inc with its rental income.
Official website here: www.swbcfortmyers.com
What is the revenue of Swfbc Enterprises Inc?
Swfbc Enterprises Inc's revenue in 2023 was -$13,254.
Official website here: www.swbcfortmyers.com
Who are the executives of Swfbc Enterprises Inc and what are their salaries?
There is 1 employee and 3 volunteers at Swfbc Enterprises Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $4,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.swbcfortmyers.com
Where can I find the form 990 for Swfbc Enterprises Inc?
Swfbc Enterprises Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.swbcfortmyers.com
Learn more at the official website: www.swbcfortmyers.com
Mission Statement of Swfbc Enterprises Inc
Swfbc Enterprises Inc, as a title-holding company, serves a unique role for Southwest Florida Baptist Church Inc. Its primary mission is to secure property titles and collect rent from these properties. This revenue generation is not an end in itself but rather a means to support the qualifying religious organization, Southwest Florida Baptist Church Inc., by transferring the entire income, minus operational expenses, to its beneficiary. In essence, Swfbc Enterprises Inc functions as a financial intermediary, ensuring that the church has the necessary resources to fulfill its religious and community-related activities.
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Impact
October, 2024
Swfbc Enterprises Inc serves a vital role in the community by holding and managing property on behalf of the Southwest Florida Baptist Church. By collecting rent and efficiently managing the financial aspects associated with these properties, the organization ensures a steady stream of resources that supports the church’s mission. This financial structure allows the church to focus on its community outreach and religious activities without the burden of property management. Furthermore, by turning over the net proceeds from the properties, Swfbc Enterprises Inc contributes directly to the church's ability to engage in community improvement initiatives, enhancing the overall impact of the church’s programs and services in Fort Myers and the surrounding areas.
This information is meant to be a general summary of Swfbc Enterprises 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 2023.
- Gross Receipts: $53,048
Assets and Liabilities:
- Total Assets: $647,162
- Total Liabilities: $643,673
- Net Assets: $3,489
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Organization Details
Founding Year
2010
Principal Officer
Tom C Haney
Website
www.swbcfortmyers.comNTEE Category
Code: S47 - Community improvement
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