Overview
What is Lrc Properties Inc?
Lrc Properties Inc is a nonprofit entity, located in Lincoln, California, with a postal address at PO Box 663. Its primary role involves holding title to and managing properties that were donated to the Lincoln Rotary Club Foundation. This nonprofit organization's mission is to generate revenue from the rental and sale of these properties, which is then distributed to its parent organization, the Lincoln Rotary Club Foundation, a recognized 501(c)3 organization. The purpose of Lrc Properties Inc is to contribute financially to the broader objectives of the Lincoln Rotary Club Foundation.
Is Lrc Properties Inc legitimate?
Lrc Properties Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Lrc Properties 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:
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Professional Fundraising Fees: $0
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What is the mission statement of Lrc Properties Inc?
Lrc Properties Inc's mission is centered around holding title to and managing the rental and sale of properties. The primary objective is to generate revenue, which is then distributed to its parent organization, the Lincoln Rotary Club Foundation, a 501(c)3 organization. This operation serves as a means to support the charity's various initiatives and causes. Lrc Properties Inc plays a crucial role in the financial sustainability of the Lincoln Rotary Club Foundation, enabling it to carry out its mission of contributing to numerous charitable projects and community services.
What is the revenue of Lrc Properties Inc?
Lrc Properties Inc's revenue in 2024 was $981,808.
Who are the executives of Lrc Properties Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Lrc Properties Inc?
Lrc Properties Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Lrc Properties Inc
Lrc Properties Inc, as a nonprofit entity, is dedicated to fulfilling its mission. This mission revolves around holding the title to and effectively managing the rental and sale of properties. The primary objective is to generate revenue, which is then channeled towards supporting the Lincoln Rotary Club Foundation, a 501(c)3 organization. By overseeing the properties donated to the foundation, Lrc Properties Inc plays a crucial role in ensuring the financial sustainability of its parent organization, contributing to its charitable endeavors.
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Impact
October, 2024
Lrc Properties Inc significantly contributes to community improvement by managing and overseeing properties that have been donated to the Lincoln Rotary Club Foundation. By holding title to these properties, the organization ensures that they are effectively utilized and maintained. The rental and sale of these properties generate revenue, which is then distributed to the Lincoln Rotary Club Foundation. This revenue supports various community initiatives and programs, enhancing the overall quality of life in Lincoln, CA. Through its activities, Lrc Properties Inc plays a vital role in fostering community development and providing resources for local projects and services.
This information is meant to be a general summary of Lrc Properties 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 2024.
- Investment Income: $14,000
- Gross Receipts: $1,831,878
Assets and Liabilities:
- Total Assets: $1,403,802
- Total Liabilities: $2,800
- Net Assets: $1,401,002
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Organization Details
Founding Year
2020
Principal Officer
John Quigley
NTEE Category
Code: S47 - Community improvement
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