Overview
What is Ppl Development Co Inc?
Ppl Development Co Inc is a nonprofit organization situated in Petersburg, Virginia, with an address at 201 W Washington Street. Their primary mission is to contribute to the creation and maintenance of a public library for the City of Petersburg, focusing on developing and leasing the library property. The income generated from the leased library, after deducting expenses, is then transferred to the Petersburg Library Foundation, a nonprofit organization that shares similar objectives. Overall, Ppl Development Co Inc supports the growth and operation of the library and aligns with the missions of the Petersburg Library Foundation.
Is Ppl Development Co Inc legitimate?
Ppl Development Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ppl Development Co 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 Ppl Development Co Inc?
Ppl Development Co Inc's mission is centered around acquiring and managing property to establish a public library in a city, in this case, Petersburg, Virginia. They develop and lease the library, with the income generated being donated to the Petersburg Library Foundation, Inc., a non-profit organization. This company supports the foundation's mission, programs, and efforts related to the library's development, use, and operation. Furthermore, Ppl Development Co Inc engages in various lawful activities as permitted by the Virginia Non-Stock Corporation Act, all in an effort to satisfy its primary objectives.
Who is the CEO of Ppl Development Co Inc?
Wayne M Crocker is the President of Ppl Development Co Inc.
What is the revenue of Ppl Development Co Inc?
Ppl Development Co Inc's revenue in 2022 was $377,000.
Who are the executives of Ppl Development Co Inc and what are their salaries?
There 3 volunteers at Ppl Development Co Inc.
Here are 4 key members and their salaries:
- 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 Ppl Development Co Inc?
Ppl Development Co Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ppl Development Co Inc
Ppl Development Co Inc, a nonprofit organization, is established with the primary mission to acquire and manage property for the purpose of housing a public library in any suitable city. The company develops and leases this library, collecting income from the lease. After deducting expenses, the entire income is then transferred to the Petersburg Library Foundation, Inc., a 501(c)(3) nonprofit organization. Ppl Development Co Inc's role extends beyond property management, as it also supports the mission, programs, and efforts of the Petersburg Library Foundation Inc. in the development, operation, and use of this library. The organization engages in various lawful activities, as permitted by the Virginia Non-Stock Corporation Act, to fulfill its mission.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Ppl Development Co Inc plays a crucial role in supporting educational access and resources in Petersburg, Virginia. By acquiring and developing property specifically for a public library, the organization ensures that community members have access to valuable information, resources, and services that enhance learning and literacy.
Through its activities, Ppl Development Co Inc not only holds the title to the library property but also facilitates its operation by leasing it to the Petersburg Library Foundation. This relationship helps maintain the library as an active public facility, serving the needs of the community. The income generated from the library operations is reinvested back into the Petersburg Library Foundation, which further supports the library’s mission and programs.
By focusing on the development and management of library resources, Ppl Development Co Inc contributes significantly to the cultural and educational landscape of Petersburg, fostering lifelong learning and community engagement. Its collaborative efforts with the Petersburg Library Foundation enable a sustained commitment to providing high-quality library services and programs, ultimately enriching the lives of the residents in the area.
This information is meant to be a general summary of Ppl Development Co 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.
- Program Service Revenue: $137,000
- Gross Receipts: $377,000
Assets and Liabilities:
- Total Assets: $11,298,646
- Total Liabilities: $475,018
- Net Assets: $10,823,628
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Gross Rents
Revenue
$137,000
Organization Details
Founding Year
2013
Phone
(804) 733-2387Principal Officer
Wayne M Crocker
Main Address
201 W Washington Street, Petersburg, VA, 23803
NTEE Category
Code: B112 - Education
If you are a representative of Ppl Development Co Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.