Overview
What is Esmc Title Holding Corporation Nfp?
Esmc Title Holding Corporation Nfp is a nonprofit organization situated in Chicago, Illinois. Its primary function is to serve as a title holder for properties, generating income from these assets. This income is then transferred, after deducting expenses, to Easter Seals Metropolitan Chicago, Inc., a nonprofit entity exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. Essentially, Esmc Title Holding Corporation Nfp acts as a financial intermediary, managing properties on behalf of Easter Seals Metropolitan Chicago, Inc., thereby supporting their operations.
Is Esmc Title Holding Corporation Nfp legitimate?
Esmc Title Holding Corporation Nfp is a legitimate nonprofit organization registered as a 501(c)(2) entity. Esmc Title Holding Corporation Nfp 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 Esmc Title Holding Corporation Nfp?
Esmc Title Holding Corporation Nfp was established with the primary objective of holding the title to the fixed assets of Easter Seals Metropolitan Chicago, Inc. The corporation's primary function is to collect income from these assets and subsequently transfer the entire amount, after deducting expenses, to Easter Seals Metropolitan Chicago, Inc. This non-profit organization, which is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code, benefits from these financial transactions, as the income generated is used to support its operations. In essence, Esmc Title Holding Corporation Nfp serves as a financial intermediary, facilitating the management and distribution of Easter Seals Metropolitan Chicago, Inc.'s property-related income.
Who is the CEO of Esmc Title Holding Corporation Nfp?
Sara Ray Stoelinga is the President And Ceo of Esmc Title Holding Corporation Nfp. The CEO's salary of Esmc Title Holding Corporation Nfp is $0 and their total compensation is $469,511.
What is the revenue of Esmc Title Holding Corporation Nfp?
Esmc Title Holding Corporation Nfp's revenue in 2022 was -$19,448.
Who are the executives of Esmc Title Holding Corporation Nfp and what are their salaries?
There 16 volunteers at Esmc Title Holding Corporation Nfp.
Here are 19 key members and their salaries (Esmc Title Holding Corporation Nfp's CEO's salary is $0 and their total compensation is $469,511):
- Compensation: $0
- Related: $443,787
- Other: $25,724
- Compensation: $0
- Related: $333,162
- Other: $19,945
- Compensation: $0
- Related: $233,251
- Other: $18,467
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Esmc Title Holding Corporation Nfp?
Esmc Title Holding Corporation Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Esmc Title Holding Corporation Nfp
Esmc Title Holding Corporation Nfp was established with a specific purpose: to hold the title of fixed assets belonging to Easter Seals Metropolitan Chicago, Inc. This corporation's primary role is to collect income derived from these assets and subsequently transfer the entire amount, less expenses, to Easter Seals Metropolitan Chicago, Inc. This non-profit organization, exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code, benefits from the income generated by Esmc Title Holding Corporation Nfp, utilizing it for its charitable activities. The corporation's mission is essentially to serve as a financial intermediary, ensuring the smooth transfer of funds from the income generated by its assets to Easter Seals Metropolitan Chicago, Inc., thereby supporting its charitable works.
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Impact
October, 2024
EsMC Title Holding Corporation plays a crucial role in supporting the operations of Easter Seals Metropolitan Chicago by managing fixed assets and generating revenue from those properties. By holding title to real estate and other assets, the corporation ensures that these resources are effectively maintained and utilized to benefit the community. The income collected from these assets is redirected to Easter Seals Metropolitan Chicago, thereby enabling the organization to continue its mission of providing services and support to individuals with disabilities. This operational model not only enhances the financial stability of Easter Seals but also contributes to broader community improvement goals in Chicago, effectively creating a sustainable mechanism for funding essential services.
This information is meant to be a general summary of Esmc Title Holding Corporation Nfp. 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: -$26,663
- Program Service Revenue: $7,215
- Gross Receipts: $7,216
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EXEMPT RENTAL INCOME
Revenue
$7,215
Organization Details
Founding Year
2011
Phone
(312) 491-4110Principal Officer
Sara Ray Stoelinga
Main Address
1939 West 13th Street Suite 300, Chicago, IL, 60608
NTEE Category
Code: S47 - Community improvement
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