Overview
What is St Louis Municipal Finance Corporation?
The St. Louis Municipal Finance Corporation is a nonprofit organization founded by the City of St. Louis, Missouri, in 1991. Its mission is to alleviate the financial burden of the city by financing or acquiring assets using the issuance of debt. Based in St. Louis, Missouri, the corporation's activities primarily focus on improving the city's financial situation. For instance, they have undertaken the Convention Center Refunding and Improvement Project, as indicated by the leasehold revenue bonds series 2017 mentioned in the information.
Is St Louis Municipal Finance Corporation legitimate?
St Louis Municipal Finance Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Louis Municipal Finance 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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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Mission Statement of St Louis Municipal Finance Corporation
The St. Louis Municipal Finance Corporation, established in 1991 by the City of St. Louis, Missouri, was founded with the mission to alleviate the financial burden of the city. This mission is accomplished by financing or acquiring assets through the issuance of debt. In simpler terms, the St. Louis Municipal Finance Corporation serves as a financial arm for the city, facilitating its growth and development by raising funds for various projects and initiatives.
The corporation's role in the city's financial landscape is essential, as it enables the city to invest in important assets and infrastructure that may otherwise be difficult to finance. By issuing debt, the St. Louis Municipal Finance Corporation provides the city with the necessary capital to undertake significant projects, thus contributing to the overall improvement of the city's infrastructure and economic development.
One of the notable projects the corporation has been involved in is the Convention Center Refunding and Improvement Project. For this endeavor, they issued Leasehold Revenue Bonds, Series 2017. The purpose of these bonds was to refinance existing debt related to the city's convention center and fund improvements to the facility. By securing these funds, the city was able to enhance the convention center, making it more attractive to potential users and boosting the local economy. Overall, the St. Louis Municipal Finance Corporation plays a crucial role in the financial health of the city by providing innovative funding solutions for various projects and initiatives.
Impact
This information is meant to be a general summary of St Louis Municipal Finance Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
St. Louis Municipal Finance Corporation plays a crucial role in lessening the financial burden of the city of St. Louis, Missouri by financing or acquiring assets through the issuance of debt. Its establishment in 1991 by the city demonstrates its commitment to improving the city's financial stability. Through initiatives like the Convention Center Refunding and Improvement Project Leasehold Revenue Bonds Series 2017, the corporation actively works towards its mission of alleviating the financial challenges faced by the city. Its impact is significant in facilitating economic development and infrastructure improvements, ultimately benefiting the public and contributing to the overall well-being of St. Louis.
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.
- Assets and Liabilities:
Organization Details
Founding Year
1991
Phone
(314) 622-4389
Principal Officer
Lataunia Kenner
Main Address
1520 MARKET STREET APT 3005, SAINT LOUIS, MO, 63103
NTEE Category
Code: W60 - Public benefit
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