Overview
What is Miracleplace Foundation Inc?
The Miracleplace Foundation Inc., established in October 2012, was a Florida-based nonprofit organization primarily functioning as a supporting entity for Metropolitan Ministries Inc. The foundation's principal role was to facilitate New Market Tax Credit (NMTC) Chapter 1 funding for new construction projects. Although the NMTC transactions were unwound in fiscal years 2020 and 2021, resulting in the dissolution of Miracleplace Foundation Inc. in June 2022, its assets were subsequently transferred to Metropolitan Ministries Inc. During its active period, the foundation served as a backing organization, contributing to Metropolitan Ministries Inc.'s operations.
Official website here: www.metromin.org
Is Miracleplace Foundation Inc legitimate?
Miracleplace Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Miracleplace Foundation 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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Official website here: www.metromin.org
What is the mission statement of Miracleplace Foundation Inc?
The Miracleplace Foundation Inc. was established with the primary purpose of serving as a supporting organization for Metropolitan Ministries, Inc. In this role, its mission was aligned with Metropolitan Ministries, Inc.'s objectives. The Foundation was instrumental in facilitating New Market Tax Credit (NMTC) Chapter 1 funding for new construction projects. However, in fiscal years 2020 and 2021, the NMTC transactions were unwound, leading to the dissolution of the Miracleplace Foundation Inc. in June 2022. At the time of dissolution, the assets of the Foundation were transferred to Metropolitan Ministries, Inc. Thus, the Miracleplace Foundation Inc.'s role was primarily to support Metropolitan Ministries, Inc. in its initiatives.
Official website here: www.metromin.org
Who is the CEO of Miracleplace Foundation Inc?
Tim Marks is the President of Miracleplace Foundation Inc.
Official website here: www.metromin.org
What is the revenue of Miracleplace Foundation Inc?
Miracleplace Foundation Inc's revenue in 2022 was $0.
Official website here: www.metromin.org
Who are the executives of Miracleplace Foundation Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $182,402
- Other: $7,723
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $33,910
- Other: $741
Official website here: www.metromin.org
Where can I find the form 990 for Miracleplace Foundation Inc?
Miracleplace Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.metromin.org
Learn more at the official website: www.metromin.org
Mission Statement of Miracleplace Foundation Inc
Miracleplace Foundation Inc was established with a specific purpose: to serve as a supporting organization for Metropolitan Ministries, Inc. This role allowed Miracleplace to accommodate Metropolitan Ministries' new market tax credit (NMTC) funding for new construction projects. For several years, Miracleplace successfully played this role. However, in 2020 and 2021, the NMTC transactions were unwound, leading to the dissolution of Miracleplace Foundation Inc in June 2022. The assets of the dissolved entity were subsequently transferred to Metropolitan Ministries, Inc. Throughout its existence, Miracleplace's primary mission was to support Metropolitan Ministries in its initiatives, contributing to their shared goals and objectives.
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Impact
October, 2024
Miracleplace Foundation Inc had a significant impact through its role as a supporting organization for Metropolitan Ministries, Inc. By facilitating New Markets Tax Credit funding, it played a crucial part in the development and construction projects aimed at enhancing community support services. Although the foundation was dissolved in June 2022, its contributions helped to channel resources toward initiatives that addressed vital human service needs in Tampa, Florida. The transition of its assets to Metropolitan Ministries ensured continuity in support for the community, underlining the foundation's commitment to empowering individuals and families in need. Through its operations, Miracleplace Foundation Inc effectively contributed to the creation of opportunities that sought to uplift and transform lives in the region.
This information is meant to be a general summary of Miracleplace Foundation 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.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2012
Phone
(813) 209-1000Principal Officer
Tim Marks
Main Address
2002 N FLORIDA AVENUE, TAMPA, FL, 33602
Website
www.metromin.orgNTEE Category
Code: P20 - Human services
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