Overview
What is Pac Holding Inc?
Pac Holding Inc is a specialized organization, primarily established with the objective of managing property assets. Its primary function is to generate income from these properties and subsequently transfer the net income, after deducting expenses, to the Muriel McBrien Kauffman Family Foundation. This foundation is recognized as a qualified 501(c)(3) organization, implying it is a nonprofit entity. Therefore, Pac Holding Inc serves as a financial intermediary, channeling funds to support charitable initiatives undertaken by the Muriel McBrien Kauffman Family Foundation.
Is Pac Holding Inc legitimate?
Pac Holding Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Pac Holding 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Pac Holding Inc?
Pac Holding Inc's primary role is to serve as a holding entity for property. The organization collects income from this property and subsequently transfers the net income to the Muriel McBrien Kauffman Family Foundation, a recognized 501(c)(3) organization. This is the core purpose and mission of Pac Holding Inc. It is set up specifically for this purpose, acting as a financial intermediary to support the activities of the qualified charity.
Who is the CEO of Pac Holding Inc?
David C Lady is the President of Pac Holding Inc.
What is the revenue of Pac Holding Inc?
Pac Holding Inc's revenue in 2022 was $110,000.
Who are the executives of Pac Holding Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $256,342
- Other: $57,582
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Pac Holding Inc?
Pac Holding Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pac Holding Inc
Pac Holding Inc, as a mission-driven organization, is primarily established to serve a unique role. Its primary objective is to hold title to property and collect income derived from it. This income, after deducting expenses, is then transferred in its entirety to the Muriel McBrien Kauffman Family Foundation, a recognized 501(c)(3) organization. This organization's purpose is to utilize the funds received from Pac Holding Inc for charitable purposes, thereby contributing to the betterment of society. Pac Holding Inc's role is essentially to act as a financial intermediary, channeling resources to a nonprofit organization dedicated to making a positive impact.
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Impact
October, 2024
Pac Holding Inc plays a significant role in enhancing community welfare by managing properties and generating income specifically for the benefit of the Muriel McBrien Kauffman Family Foundation. Through its activities, the organization effectively acts as a steward of assets, ensuring that the income derived from these properties is maximized and efficiently transferred to the foundation. This not only supports the foundation's initiatives but also contributes to various community improvement efforts.
By holding title to properties and overseeing their income generation, Pac Holding Inc creates a sustainable financial model that helps fund charitable activities and programs aimed at uplifting the community. The organization's focus on turning over net income, after covering necessary expenses, ensures that the resources are continually reinvested into community-focused projects. In this way, Pac Holding Inc directly impacts the community by facilitating the financial support needed for meaningful philanthropic endeavors.
This information is meant to be a general summary of Pac Holding 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 2022.
- Gross Receipts: $110,000
Assets and Liabilities:
- Total Assets: $12,853,493
- Total Liabilities: $0
- Net Assets: $12,853,493
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Organization Details
Founding Year
1999
Phone
(816) 932-1219Principal Officer
David C Lady
Main Address
4801 ROCKHILL RD, KANSAS CITY, MO, 641102046
NTEE Category
Code: S47 - Community improvement
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