Overview
What is Smelc Holdings Inc?
Smelc Holdings Inc is a nonprofit organization situated in Milwaukee, Wisconsin, with the address 2215 N Palmer St. The primary mission of Smelc Holdings Inc is to collect income from its properties and subsequently remit this income, after deducting expenses, to St. Marcus Evangelical Lutheran Church. This financial support provided to the church falls under the category of 501(c)(2), a type of nonprofit organization. Smelc Holdings Inc plays a crucial role in supporting the operations of St. Marcus Evangelical Lutheran Church through its income-generating activities.
Is Smelc Holdings Inc legitimate?
Smelc Holdings Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Smelc Holdings 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
For more financial information, click here
What is the mission statement of Smelc Holdings Inc?
Smelc Holdings Inc's mission is centered around collecting income from its properties and subsequently remitting this income, after deducting expenses, to St. Marcus Evangelical Lutheran Church. This activity aligns with the 501(c)(2) classification, which allows for organizations to operate for the benefit of a religious organization. In essence, Smelc Holdings Inc serves as a financial intermediary, channeling income towards St. Marcus Evangelical Lutheran Church.
Who is the CEO of Smelc Holdings Inc?
Craig Stuebs is the Treasurer of Smelc Holdings Inc.
What is the revenue of Smelc Holdings Inc?
Smelc Holdings Inc's revenue in 2022 was $580,000.
Who are the executives of Smelc Holdings Inc and what are their salaries?
There 3 volunteers at Smelc Holdings Inc.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Smelc Holdings Inc?
Smelc Holdings Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Smelc Holdings Inc
Smelc Holdings Inc, as a nonprofit entity, is primarily focused on a specific mission. This mission involves collecting income derived from its property holdings and then remitting this income to St. Marcus Evangelical Lutheran Church, less any expenses incurred. This mission aligns with the definition of a 501(c)(2) organization, which allows for the collection of income for the benefit of another organization. In essence, Smelc Holdings Inc acts as a financial intermediary, channeling resources to support the operations and activities of St. Marcus Evangelical Lutheran Church.
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Impact
October, 2024
Smelc Holdings Inc plays a significant role in supporting St. Marcus Evangelical Lutheran Church by managing and collecting income from related properties in Milwaukee, WI. This organization ensures that the income generated is effectively remitted to the church, after deducting necessary expenses. By holding property and facilitating this flow of resources, Smelc Holdings Inc contributes to the sustainability and growth of community initiatives spearheaded by the church. Their operations help enhance community improvement efforts, aligning with their mission to provide financial support to religious and community-oriented projects. Through its financial management, Smelc Holdings Inc aids in fostering a stronger community tied to the values and services offered by St. Marcus Evangelical Lutheran Church.
This information is meant to be a general summary of Smelc Holdings 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: $580,000
Assets and Liabilities:
- Total Assets: $9,672,286
- Total Liabilities: $0
- Net Assets: $9,672,286
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Organization Details
Founding Year
1990
Phone
(414) 562-3369Principal Officer
Craig Stuebs
Main Address
2215 N PALMER ST, MILWAUKEE, WI, 53212
NTEE Category
Code: S47 - Community improvement
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