Overview
What is Public Benefit Holding Corporation?
Public Benefit Holding Corporation is a nonprofit organization primarily dedicated to supporting the Spencer Family YMCA in Spencer, Iowa. By managing farmland, the corporation generates revenue, surpassing its expenses. The excess funds are then transferred to the YMCA for use in funding their programmatic activities. This strategic approach allows the YMCA to continue providing essential services to its community. By doing so, Public Benefit Holding Corporation plays a crucial role in strengthening the local YMCA's capacity and impact.
Is Public Benefit Holding Corporation legitimate?
Public Benefit Holding Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Public Benefit 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.
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What is the mission statement of Public Benefit Holding Corporation?
The Public Benefit Holding Corporation's mission is to manage farmland in an manner that generates excess revenue, which is then transferred to a YMCA organization for funding its programs. In essence, the corporation serves as a financial benefactor, supporting the activities and initiatives of the YMCA. This partnership aims to contribute positively to the community, ensuring that the YMCA can continue providing its services effectively.
Who is the CEO of Public Benefit Holding Corporation?
Norman Nielsen is the President of Public Benefit Holding Corporation.
What is the revenue of Public Benefit Holding Corporation?
Public Benefit Holding Corporation's revenue in 2022 was $259,324.
Who are the executives of Public Benefit Holding Corporation and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Public Benefit Holding Corporation?
Public Benefit Holding Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Public Benefit Holding Corporation
Public Benefit Holding Corporation, as the name suggests, serves a unique purpose. This organization manages farmland with the primary objective of aiding the Spencer Family YMCA. The corporation's mission is to generate revenue beyond its operational expenses and subsequently transfer these surplus funds to the YMCA. This financial support is utilized to cover the various program expenses of the Spencer Family YMCA, ensuring its continued operation and the provision of essential services. In essence, Public Benefit Holding Corporation acts as a financial benefactor, contributing to the well-being of the Spencer Family YMCA and the community it serves.
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Impact
October, 2024
Public Benefit Holding Corporation plays a significant role in enhancing the community by managing farmland specifically to support the Spencer Family YMCA in Spencer, IA. Through its operations, the corporation generates excess revenue that is directly remitted to the YMCA for various program expenses, thereby bolstering the services and initiatives offered by the organization. This financial support helps the YMCA continue its mission of promoting community engagement and improving the well-being of local families. By leveraging agricultural resources, Public Benefit Holding Corporation not only contributes to the financial stability of the YMCA but also fosters community improvement and development in the region.
This information is meant to be a general summary of Public Benefit 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.
- Investment Income: $162
- Gross Receipts: $259,324
Assets and Liabilities:
- Total Assets: $1,894,357
- Total Liabilities: $0
- Net Assets: $1,894,357
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Organization Details
Founding Year
1930
Principal Officer
Norman Nielsen
Main Address
517 N GRAND AVE PO BOX 462, SPENCER, IA, 51301
NTEE Category
Code: S47 - Community improvement
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