Overview
What is Lbcf Properties Foundation?
Lbcf Properties Foundation is a nonprofit organization situated in Long Beach, California, specifically at 400 Oceangate Ave 800. Its primary mission is to support the charitable endeavors of the Long Beach Community Foundation. They accomplish this by leasing commercial space to qualified charitable organizations, thereby aiding in the realization of their charitable objectives. Furthermore, the foundation receives donations of real property and other non-liquid assets, manages, administers, or disposes of these donated assets for the benefit of the supported foundation. This strategic approach allows the foundation to significantly contribute to the charitable mission of the Long Beach Community Foundation.
Is Lbcf Properties Foundation legitimate?
Lbcf Properties Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lbcf Properties Foundation 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 Lbcf Properties Foundation?
The Lbcf Properties Foundation's mission is centered around supporting the charitable mission of the Long Beach Community Foundation. They accomplish this by accepting donations of real property and other non-liquid assets. Once received, the foundation manages, administers, or disposes of these assets for the benefit of the supported foundation. One of their key activities involves leasing commercial space to qualified charitable organizations. This strategic approach allows the foundation to contribute to various charitable initiatives, ultimately fulfilling its mission of supporting the Long Beach Community Foundation.
Who is the CEO of Lbcf Properties Foundation?
Marcelle Epley is the CEO of Lbcf Properties Foundation The CEO's salary of Lbcf Properties Foundation is $0 and their total compensation is $183,400.
What is the revenue of Lbcf Properties Foundation?
Lbcf Properties Foundation's revenue in 2023 was $89,380.
Who are the executives of Lbcf Properties Foundation and what are their salaries?
Here are 6 key members and their salaries (Lbcf Properties Foundation's CEO's salary is $0 and their total compensation is $183,400):
- Compensation: $0
- Related: $177,308
- Other: $6,092
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lbcf Properties Foundation?
Lbcf Properties Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lbcf Properties Foundation
Lbcf Properties Foundation, a notable entity, is committed to supporting the charitable mission of the Long Beach Community Foundation. To achieve this objective, the foundation receives donations of real property and other non-liquid assets. It then manages, administers, or disposes of these donated assets with the intention of benefiting the supported foundation. By leasing commercial space to qualified charitable organizations, Lbcf Properties Foundation contributes to the broader charitable goals of the Long Beach Community Foundation, ultimately contributing to the betterment of the community at large.
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Impact
October, 2024
Lbcf Properties Foundation plays a crucial role in strengthening the charitable initiatives within the Long Beach community by leasing commercial space to qualified charitable organizations. This support enables these organizations to focus on their missions without the burden of securing and maintaining office space. Through receiving donations of real property and other non-liquid assets, the foundation effectively manages and administers these contributions to benefit the Long Beach Community Foundation. This strategic approach maximizes the impact of donations, fostering a collaborative environment where human services can thrive, ultimately enhancing the overall well-being of the local community.
This information is meant to be a general summary of Lbcf Properties Foundation. 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: $367
- Program Service Revenue: $88,013
- Gross Receipts: $89,380
Assets and Liabilities:
- Total Assets: $651,636
- Total Liabilities: $1,436
- Net Assets: $650,200
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$88,013
Organization Details
Founding Year
2011
Principal Officer
Marcelle Epley
NTEE Category
Code: P19 - Human services
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