Overview
What is Grace Fellowship Title Holding Corporation?
Grace Fellowship Title Holding Corporation is a nonprofit organization with a unique mission. It is structured to hold title to property and collect associated income. The corporation's primary objective is to then transfer the total income, after deducting expenses, to a tax-exempt organization under section 501(c)(3) of the Internal Revenue Code. This role effectively serves as a financial intermediary, supporting other nonprofits in their charitable work.
Is Grace Fellowship Title Holding Corporation legitimate?
Grace Fellowship Title Holding Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Grace Fellowship Title Holding Corporation 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
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What is the mission statement of Grace Fellowship Title Holding Corporation?
Grace Fellowship Title Holding Corporation is established with a specific purpose. It operates solely to hold property titles, collect income derived from these properties, and subsequently transfer the entire income, after deducting expenses, to a non-profit organization that is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. In essence, the corporation serves as a financial intermediary, channeling income towards organizations dedicated to charitable causes.
Who is the CEO of Grace Fellowship Title Holding Corporation?
Geoffrey Pybas is the Trustee of Grace Fellowship Title Holding Corporation.
What is the revenue of Grace Fellowship Title Holding Corporation?
Grace Fellowship Title Holding Corporation's revenue in 2022 was $10,000.
Who are the executives of Grace Fellowship Title Holding Corporation and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Grace Fellowship Title Holding Corporation?
Grace Fellowship Title Holding Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Grace Fellowship Title Holding Corporation
Grace Fellowship Title Holding Corporation is a non-profit organization with a specific mission. It is established and runs exclusively for the purpose of holding title to property, generating income from these properties, and subsequently transferring the entire revenue, after deducting expenses, to another organization that is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. In simpler terms, Grace Fellowship Title Holding Corporation serves as a property title holder, collecting income and subsequently distributing it to a tax-exempt organization, retaining only the necessary expenses.
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Impact
October, 2024
Grace Fellowship Title Holding Corporation plays a significant role in supporting community improvement initiatives. By holding title to property and managing the associated income, it effectively channels resources to a larger organization dedicated to philanthropic efforts. This structured approach allows for financial stability and consistency, ensuring that funds can be reliably turned over to support various programs and services that benefit the community.
Through its operations, the corporation not only enhances the capacity of the exempt organization but also contributes to local development and improvement projects. By focusing on property management and income collection, Grace Fellowship Title Holding Corporation ensures that financial resources are effectively utilized, thereby amplifying the positive impact on the community it serves. Its existence facilitates a continuous flow of support to causes that promote community well-being and growth, making it a vital component in the fabric of civic engagement in Broken Arrow, Oklahoma.
This information is meant to be a general summary of Grace Fellowship Title Holding Corporation. 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: $10,000
Assets and Liabilities:
- Total Assets: $659,182
- Total Liabilities: $189,432
- Net Assets: $469,750
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Organization Details
Founding Year
2002
Phone
(918) 615-9320Principal Officer
Geoffrey Pybas
Main Address
720 W NEW ORLEANS ST, BROKEN ARROW, OK, 74011
NTEE Category
Code: S47 - Community improvement
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