Overview
What is Miracle Mile Holding Inc?
Miracle Mile Holding Inc is a nonprofit organization, headquartered in Ridgely, Maryland, specifically at 14299 Benedictine Lane. Its primary purpose is to manage property and generate income, which it then transfers to its tax-exempt parent company, the Benedictine School for Exceptional Children Foundation, Inc. This relationship allows Miracle Mile Holding Inc to contribute financially to the educational endeavors of the foundation, ultimately benefiting children with exceptional needs.
Is Miracle Mile Holding Inc legitimate?
Miracle Mile Holding Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Miracle Mile Holding 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.
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What is the mission statement of Miracle Mile Holding Inc?
Miracle Mile Holding Inc is established solely for the purpose of managing property and generating income. This organization collects earnings from the property and then transfers the entire amount, after deducting expenses, to its tax-exempt parent company, The Benedictine School for Exceptional Children Foundation, Inc. Essentially, Miracle Mile Holding Inc serves as a financial intermediary, supporting its parent company's mission.
Who is the CEO of Miracle Mile Holding Inc?
Charles R Mills is the President of Miracle Mile Holding Inc.
What is the revenue of Miracle Mile Holding Inc?
Miracle Mile Holding Inc's revenue in 2022 was $879,298.
Who are the executives of Miracle Mile Holding Inc and what are their salaries?
Here are 12 key members and their salaries:
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- Related: $112,786
- Other: $8,101
Where can I find the form 990 for Miracle Mile Holding Inc?
Miracle Mile Holding Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Miracle Mile Holding Inc
Miracle Mile Holding Inc, as an organization, is established with a specific purpose. Its mission is primarily centered around property management. The company is responsible for holding title to property, generating income from it, and then transferring the entire amount, minus expenses, to its tax-exempt parent company, known as The Benedictine School for Exceptional Children Foundation, Inc. In essence, Miracle Mile Holding Inc serves as a financial intermediary, channeling resources to its parent organization for further utilization.
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Impact
October, 2024
Miracle Mile Holding Inc plays a crucial role in the financial support and sustainability of the Benedictine School for Exceptional Children Foundation, Inc. By strategically holding titles to property and managing income generated from these assets, the organization effectively contributes to the overall mission of its parent company.
The management of real estate and other income-generating properties allows Miracle Mile Holding Inc not only to secure financial resources but also to channel those funds back into programming and services for exceptional children. This model ensures that the entire amount collected, after covering necessary expenses, is reinvested into enhancing the educational and developmental opportunities available to those in need.
Operating in Ridgley, Maryland, Miracle Mile Holding Inc's activities provide a stable financial backbone that supports initiatives designed to empower children with exceptional needs. Such financial structuring ultimately fosters a thriving environment for both the foundation and the people it serves, amplifying the impact of related services offered to the community. Through effective property management and income collection, Miracle Mile Holding Inc plays a pivotal role in sustaining and advancing the objectives of its parent organization.
This information is meant to be a general summary of Miracle Mile Holding 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: $571,734
- Gross Receipts: $879,298
Assets and Liabilities:
- Total Assets: $6,562,950
- Total Liabilities: $6,562,950
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REAL PROPERTY INCOME
Revenue
$571,734
Organization Details
Founding Year
2013
Phone
(410) 634-2112Principal Officer
Charles R Mills
Main Address
14299 BENEDICTINE LANE, RIDGLEY, MD, 21660
NTEE Category
Code: Y99 - Mutual benefit
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