Overview
What is Wlvt Re Inc?
Wlvt Re Inc is a nonprofit organization headquartered at 839 Sesame Street, Bethlehem, Pennsylvania. Its primary function is to manage and oversee property, generating income from it. The income collected is then transferred to Lehigh Valley Public Telecommunications Corporation (LVPT), retaining only expenses. This arrangement allows LVPT to benefit from the property's revenue, thereby supporting its operations.
Is Wlvt Re Inc legitimate?
Wlvt Re Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Wlvt Re 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
What is the mission statement of Wlvt Re Inc?
Wlvt Re Inc's primary role is to manage and oversee a specific property. The company collects income generated from this property and subsequently transfers the entire amount, after deducting expenses, exclusively to Lehigh Valley Public Telecommunications Corporation (LVPT). This arrangement enables LVPT to utilize the income for its operations. In essence, Wlvt Re Inc serves as a facilitator, ensuring the efficient distribution of property income to LVPT.
Who is the CEO of Wlvt Re Inc?
Timothy Fallon is the President/Ceo of Wlvt Re Inc. The CEO's salary of Wlvt Re Inc is $0 and their total compensation is $279,183.
What is the revenue of Wlvt Re Inc?
Wlvt Re Inc's revenue in 2022 was $241,250.
Who are the executives of Wlvt Re Inc and what are their salaries?
There 7 volunteers at Wlvt Re Inc.
Here are 9 key members and their salaries (Wlvt Re Inc's CEO's salary is $0 and their total compensation is $279,183):
- Compensation: $0
- Related: $256,549
- Other: $22,634
- Compensation: $0
- Related: $183,595
- Other: $7,483
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Wlvt Re Inc?
Wlvt Re Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wlvt Re Inc
Wlvt Re Inc, as a nonprofit entity, is tasked with holding title to property and collecting income derived from it. This organization's primary role is to manage this property effectively, by collecting the income generated and subsequently transferring the entire amount, after deducting expenses, exclusively to Lehigh Valley Public Telecommunications Corporation (LVPT). By fulfilling this mission, Wlvt Re Inc plays a crucial role in supporting LVPT, ensuring the continuous operation and growth of its operations.
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Impact
October, 2024
Wlvt Re Inc plays a pivotal role in supporting community-oriented initiatives by managing property and financial assets for Lehigh Valley Public Telecommunications Corporation (LVPT). By holding title to property and collecting income, it ensures that the revenues generated are directed towards enhancing public telecommunications services. This structured financial oversight allows LVPT to focus on its mission of providing quality educational and informational programming to the community. The organization's activities not only help sustain but also potentially expand access to public broadcasting resources, thereby benefiting the local population in Bethlehem, PA, and beyond. Through this mechanism, Wlvt Re Inc contributes significantly to the public benefit, reinforcing the value of accessible media in the community.
This information is meant to be a general summary of Wlvt Re 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 2022.
- Program Service Revenue: $240,000
- Gross Receipts: $241,250
Assets and Liabilities:
- Total Assets: $11,096,515
- Total Liabilities: $0
- Net Assets: $11,096,515
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEASE INCOME
Revenue
$240,000
Organization Details
Founding Year
2010
Phone
(610) 867-4677Principal Officer
Timothy Fallon
Main Address
839 SESAME STREET, BETHLEHEM, PA, 18015
NTEE Category
Code: W11 - Public benefit
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