Overview
What is Eighth Muse Inc?
Eighth Muse Inc is a multifaceted organization based in New Orleans, Louisiana. Primarily functioning as a Real Estate Holding Company, it also operates with a non-profit charter. Eighth Muse leases its properties to another non-profit, sharing board members with the latter. By doing so, it contributes to the real estate needs of its affiliated non-profit organization.
Is Eighth Muse Inc legitimate?
Eighth Muse Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Eighth Muse 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 Eighth Muse Inc?
Eighth Muse Inc. functions as a Real Estate Holding Company and Non-Profit Corporation. Its mission involves leasing its properties to another non-profit organization, sharing board members with this organization. The company does not have a traditional mission statement focusing on a specific cause or social issue, but rather, it supports another non-profit organization through its real estate ventures. Eighth Muse Inc. does not provide services or support directly to the public, but rather, contributes to the mission of the non-profit organization it leases its properties to.
What is the revenue of Eighth Muse Inc?
Eighth Muse Inc's revenue in 2023 was $182,656.
Who are the executives of Eighth Muse Inc and what are their salaries?
There 5 volunteers at Eighth Muse Inc.
Here are 8 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Related: $119,945
- Other: $6,061
- Compensation: $0
- Related: $78,517
- Other: $9,343
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Eighth Muse Inc?
Eighth Muse Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Eighth Muse Inc
Eighth Muse Inc, functioning as a Real Estate Holding Company and a Non-Profit Corporation, plays a unique role in the non-profit sector. Rather than directly providing services or support, Eighth Muse leases its properties to another non-profit organization, sharing its board members in the process. This strategic approach allows Eighth Muse to indirectly contribute to the non-profit sector, providing a physical space for another organization to carry out its mission. By doing so, Eighth Muse supports the broader non-profit community, making a significant impact through its real estate holdings. Although Eighth Muse does not directly engage in service provision, its role as a Real Estate Holding Company and Non-Profit Corporation is crucial, enabling other organizations to thrive and carry out their missions effectively.
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Impact
October, 2024
Eighth Muse Inc plays a vital role in the community by operating as a real estate holding company that supports the mission of another nonprofit organization. By leasing its properties to this organization, Eighth Muse Inc facilitates access to essential facilities and resources that contribute to human services in New Orleans, LA. This strategic partnership benefits the local community by ensuring that vital services are delivered effectively, fostering a collaborative environment among shared board members. Through its operations, Eighth Muse Inc enhances the capacity of nonprofit efforts in the region, ultimately making a positive impact on the lives of residents in New Orleans.
This information is meant to be a general summary of Eighth Muse 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 2023.
- Investment Income: $190
- Program Service Revenue: $182,466
- Gross Receipts: $182,656
Assets and Liabilities:
- Total Assets: $1,121,836
- Total Liabilities: $905,896
- Net Assets: $215,940
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$182,466
Organization Details
Founding Year
2011
Principal Officer
Patsy White
NTEE Category
Code: P20 - Human services
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