Overview
What is Acshope Fellowship Inc?
Acshope Fellowship Inc, based in Anderson, South Carolina (29621), serves as a property owner, leasing its real estate to two charitable organizations operating under the 501(c)3 tax-exempt status. The primary mission of Acshope Fellowship Inc is to generate income through rent payments from these non-profit tenants, which is then utilized to cover mortgage expenses for the property ownership. By doing so, the organization contributes to the ongoing operation of these two charitable organizations, thereby indirectly supporting their respective missions.
Is Acshope Fellowship Inc legitimate?
Acshope Fellowship Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. Acshope Fellowship 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.
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What is the mission statement of Acshope Fellowship Inc?
Acshope Fellowship Inc's primary mission is centered around owning property and leasing it to two recognized non-profit organizations, operating under section 501(c)(3). This mission is carried out by collecting rental income from these tenants and using it to make mortgage payments, thereby maintaining ownership of the property. As per the regulations of 501(c)25, Acshope Fellowship Inc. holds title to real estate that is rented out to these charitable organizations.
Who is the CEO of Acshope Fellowship Inc?
Gray Suggs is the Chair of Acshope Fellowship Inc.
What is the revenue of Acshope Fellowship Inc?
Acshope Fellowship Inc's revenue in 2022 was $187,440.
Who are the executives of Acshope Fellowship Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Acshope Fellowship Inc?
Acshope Fellowship Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Acshope Fellowship Inc
Acshope Fellowship Inc, as a non-profit organization, is dedicated to owning property and leasing it out to two other 501C(3) non-profit entities. The primary objective of Acshope Fellowship Inc is to generate rental income from these tenants, which in turn is utilized to make mortgage payments and maintain ownership of the property. By serving as a landlord to two charitable organizations, Acshope Fellowship Inc contributes to the overall mission of these non-profits, while simultaneously securing a reliable source of income for itself. This unique venture, as defined under 501(C)25, allows Acshope Fellowship Inc to play a significant role in supporting the activities of these non-profit tenants.
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Impact
October, 2024
Acshope Fellowship Inc significantly contributes to the community by owning and managing real estate that supports two charitable organizations. By providing affordable rental space to these nonprofits, Acshope facilitates their operations, enabling them to focus on their missions without the burden of high overhead costs. The rental income generated is instrumental in sustaining the property and ensuring it remains available for community-focused initiatives. This model not only stabilizes the financial footing of the tenant organizations but also enhances overall community improvement efforts in Anderson, SC. Through this strategic approach, Acshope Fellowship Inc empowers local charities, allowing them to better serve their constituents and create a positive impact within the community.
This information is meant to be a general summary of Acshope Fellowship 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.
- Gross Receipts: $187,440
Assets and Liabilities:
- Total Assets: $1,933,356
- Total Liabilities: $2,139,136
- Net Assets: -$205,780
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Organization Details
Founding Year
2009
Phone
(864) 224-7309Principal Officer
Gray Suggs
Main Address
3902 LIBERTY HIGHWAY, ANDERSON, SC, 29621
NTEE Category
Code: S470 - Community improvement
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