Overview
What is Lot 2540 Incorporated?
Lot 2540 Incorporated is a nonprofit organization situated in Summerfield, North Carolina. With a primary mission to serve the Lord's Church, they focus on offering support to individuals in need, particularly in Rockingham County. Their initiatives encompass food distribution, shelter provision, educational programs, and vocational training. The organization operates a retail space, a salvage and recycling store, which not only supports the nonprofit financially but also serves as a training ground for individuals in transition. Additionally, Lot 2540 provides a free store and a food pantry, which are stocked through donations and purchases. Overall, their mission is to assist those in need and help them become self-sufficient.
Is Lot 2540 Incorporated legitimate?
Lot 2540 Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lot 2540 Incorporated 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: $55,900
Professional Fundraising Fees: $0
Other Salaries and Wages: $133,791
For more financial information, click here
What is the mission statement of Lot 2540 Incorporated?
Lot 2540 Incorporated is dedicated to serving the Church by offering assistance to individuals in need. Their mission encompasses providing food, shelter, and education, as well as occupational training. This organization aims to support those who are struggling financially, utilizing various means such as a retail space, vocational training, and leadership development. Furthermore, Lot 2540 operates a free store and a food pantry, both of which are supported by food donations and purchases. Their ultimate goal is to help these individuals become self-sufficient, guided by their religious beliefs.
Who is the CEO of Lot 2540 Incorporated?
Martin Roberts is the Executive Dir. of Lot 2540 Incorporated.
What is the revenue of Lot 2540 Incorporated?
Lot 2540 Incorporated's revenue in 2022 was $340,521.
Who are the executives of Lot 2540 Incorporated and what are their salaries?
The average compensation at Lot 2540 Incorporated during 2022 was $11,158. There are 17 employees at Lot 2540 Incorporated.
Here are 8 key members and their salaries:
- Compensation: $55,900
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- Other: $0
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- Compensation: $0
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- Other: $0
Where can I find the form 990 for Lot 2540 Incorporated?
Lot 2540 Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lot 2540 Incorporated
Lot 2540 Incorporated is committed to serving the Lord's Church by undertaking a mission to provide essential support to individuals in need, both spiritually and materially. This nonprofit organization focuses on addressing the needs of families residing in Rockingham County and beyond, should the need arise. The heart of Lot 2540's mission lies in its provision of food, shelter, and education, aiming to empower those who are economically disadvantaged.
In addition to its primary mission, Lot 2540 supports various ministries that foster physical and spiritual healing. The organization's core activities encompass counseling and prayer services, catering to the community's spiritual needs. To further its mission, Lot 2540 operates a retail space that serves two purposes: providing financial support to the organization and offering vocational and leadership training opportunities for individuals in transition.
Furthermore, Lot 2540's commitment to helping those in need extends to its operation of a "Free Store," which offers a variety of essential items such as clothing, furnishings, and food. The organization also maintains a food pantry, which is supported by food donations and purchases, to ensure that no one goes hungry. Lot 2540's mission is not limited to direct aid but also extends to mentoring and supporting opportunities for self-sufficiency.
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Impact
October, 2024
Lot 2540 Incorporated plays a significant role in enhancing the quality of life for families in Rockingham County, NC, by promoting both physical and spiritual healing. Through a variety of specialized programs, it addresses the diverse needs of the community. The core offerings include counseling and prayer services that fulfill important spiritual needs, fostering emotional well-being among individuals and families.
In addition to its core ministry services, Lot 2540 incorporates a retail space that features a salvage and recycling store. This initiative serves a dual purpose: it provides financial support to sustain the ministry and acts as a venue for vocational and leadership training aimed at individuals who are in transition in their lives. By equipping these individuals with essential skills, Lot 2540 fosters self-sufficiency and empowerment.
Further, the organization actively supports families facing economic challenges through its "Free Store," which offers clothing, furnishings, and food items, along with a food pantry stocked from donations and purchases. This comprehensive approach not only meets immediate physical needs but also encourages a sense of community and support.
Overall, Lot 2540 Incorporated embodies a commitment to uplift and empower individuals, fostering resilience and providing practical resources that contribute to long-term change in the lives of those it serves. Its mission resonates deeply within the community, creating a network of support and guidance for individuals seeking to improve their circumstances.
This information is meant to be a general summary of Lot 2540 Incorporated. 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: $5
- Program Service Revenue: $145,446
- Gross Receipts: $343,178
Assets and Liabilities:
- Total Assets: $166,872
- Total Liabilities: $18,725
- Net Assets: $148,147
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Retail Sales
Revenue
$145,446
Organization Details
Founding Year
2011
Phone
(336) 312-6971Principal Officer
Martin Roberts
Main Address
1521 Brown Rd, Summerfield, NC, 27358
NTEE Category
Code: T30 - Philanthropy
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