Overview
What is The Labor Temple Association Real Estate Holdingsinc?
The Labor Temple Association Real Estate Holdingsinc is a nonprofit organization, headquartered at 312 Central Avenue SE, Minneapolis, MN 55414, primarily focused on real estate ownership. Their goal is to own properties that will serve as labor temples, generating income from these properties. This income, after deducting expenses, is then transferred to the Labor Temple Association, Inc., a tax-exempt nonprofit organization under 501(C)(5) of the Internal Revenue Code. The proceeds are utilized to support the labor temple association's activities. The organization's main purpose is to provide facilities, meeting spaces, and office spaces for various labor organizations.
Is The Labor Temple Association Real Estate Holdingsinc legitimate?
The Labor Temple Association Real Estate Holdingsinc is a legitimate nonprofit organization registered as a 501(c)(2) entity. The Labor Temple Association Real Estate Holdingsinc 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 The Labor Temple Association Real Estate Holdingsinc?
The Labor Temple Association Real Estate Holdingsinc's mission is centered around owning real property that will serve as Labor Temples. The primary objective is to generate income from these properties, with the entire income, after deducting expenses, being transferred to the Labor Temple Association, Inc. This latter entity is the sole member of the Real Estate Holdingsinc and falls under the category of nonprofit organizations eligible for tax exemption under section 501(c)(5) of the Internal Revenue Code. The Real Estate Holdingsinc's role essentially entails managing these properties for the benefit of the Labor Temple Association, Inc.
Who is the CEO of The Labor Temple Association Real Estate Holdingsinc?
Dave Schutta is the Director of The Labor Temple Association Real Estate Holdingsinc.
What is the revenue of The Labor Temple Association Real Estate Holdingsinc?
The Labor Temple Association Real Estate Holdingsinc's revenue in 2022 was $21,871.
Who are the executives of The Labor Temple Association Real Estate Holdingsinc and what are their salaries?
Here are 12 key members and their salaries:
- Compensation: $1,600
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- Other: $0
- Compensation: $1,600
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- Other: $0
- Compensation: $1,600
- Related: $10,400
- Other: $0
- Compensation: $1,600
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- Other: $0
- Compensation: $1,600
- Related: $0
- Other: $0
- Compensation: $1,600
- Related: $0
- Other: $0
- Compensation: $1,600
- Related: $0
- Other: $0
- Compensation: $1,600
- Related: $10,400
- Other: $0
- Compensation: $1,600
- Related: $0
- Other: $0
- Compensation: $1,600
- Related: $0
- Other: $0
- Compensation: $1,600
- Related: $0
- Other: $0
- Compensation: $1,600
- Related: $0
- Other: $0
Where can I find the form 990 for The Labor Temple Association Real Estate Holdingsinc?
The Labor Temple Association Real Estate Holdingsinc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Labor Temple Association Real Estate Holdingsinc
The Labor Temple Association Real Estate Holdingsinc, as a nonprofit organization, is primarily focused on owning and managing real estate properties. Its primary objective is to utilize these properties as labor temples, generating income from them. This income, after deducting expenses, is then transferred in its entirety to its sole member, the Labor Temple Association, Inc., a nonprofit organization that is tax-exempt under section 501(C)(5) of the Internal Revenue Code. In essence, the organization's mission is to generate income through real estate properties and contribute this income to its affiliated nonprofit, the Labor Temple Association, Inc., to support its operations and initiatives.
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Impact
October, 2024
The Labor Temple Association Real Estate Holdings Inc. plays a significant role in supporting labor organizations by providing access to essential facilities and services. By owning and managing real properties designated as labor temples, it creates spaces that are crucial for meetings, training, and coordination among various labor groups. With the lease of 40 units dedicated to this purpose, it fosters community engagement and collaboration within the labor movement.
The income generated from these properties is reinvested into the labor community, supporting initiatives and activities of the Labor Temple Association. This model not only bolsters the financial stability of labor organizations but also enhances their operational capacities. The organization's commitment to community improvement is evident in its strategic focus on maintaining spaces that facilitate the growth and advocacy of labor rights, ultimately contributing to a more organized and supported workforce. By prioritizing these efforts, it strengthens the labor movement's presence within Minneapolis and beyond.
This information is meant to be a general summary of The Labor Temple Association Real Estate Holdingsinc. 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.
- Investment Income: $1,879
- Gross Receipts: $1,049,243
Assets and Liabilities:
- Total Assets: $4,345,321
- Total Liabilities: $982,408
- Net Assets: $3,362,913
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Organization Details
Founding Year
2001
Phone
(612) 379-1558Principal Officer
Dave Schutta
Main Address
312 CENTRAL AVENUE SE 371, MINNEAPOLIS, MN, 554141025
NTEE Category
Code: S47 - Community improvement
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