Overview
What is C52 Holdings Inc?
C52 Holdings Inc is a nonprofit organization that serves an exclusive charitable purpose. Located in New Palestine, Indiana, the organization primarily holds title to property and collects income derived from it. After deducting expenses, they then transfer the entire income to Church 52 Family Worship Center of New Palestine, Indiana, a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code. This arrangement supports the religious activities of the church, providing financial assistance in its mission.
Is C52 Holdings Inc legitimate?
C52 Holdings Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. C52 Holdings 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:
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What is the mission statement of C52 Holdings Inc?
C52 Holdings Inc. is established with a charitable purpose, specifically to hold property and generate income from it. The primary objective is to then contribute the entire income, after deducting expenses, to Church 52 Family Worship Center of New Palestine, Indiana, an organization exempt from federal income tax under Section 501(C)(3) of the Internal Revenue Code. In essence, C52 Holdings Inc. serves as a financial intermediary, channeling its income towards the religious organization for its operations.
Who is the CEO of C52 Holdings Inc?
Perry Meade is the President of C52 Holdings Inc.
What is the revenue of C52 Holdings Inc?
C52 Holdings Inc's revenue in 2022 was $89,317.
Who are the executives of C52 Holdings Inc and what are their salaries?
There 2 volunteers at C52 Holdings Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for C52 Holdings Inc?
C52 Holdings Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of C52 Holdings Inc
C52 Holdings Inc is a unique entity formed for a charitable purpose. Its primary objective is to hold property, generate income from it, and then transfer the entire income, less any expenses, to Church 52 Family Worship Center of New Palestine, Indiana, Inc. This latter organization is exempt from federal income tax under Section 501(C)(3) of the Internal Revenue Code. In essence, C52 Holdings Inc serves as a financial intermediary, channeling its income to support Church 52's charitable activities. This arrangement enables Church 52 to focus on its mission without the need to manage the financial aspects of property ownership.
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Impact
October, 2024
C52 Holdings Inc makes a tangible impact by managing property assets to support the Church 52 Family Worship Center in New Palestine, Indiana. The organization plays a critical role in sustaining the church's activities by collecting income from the properties it holds and ensuring that all proceeds, after covering expenses, are directed wholly to the church. This financial support enhances the church's capacity to serve the community, conduct outreach programs, and provide spiritual guidance, ultimately fostering community improvement and engagement within New Palestine. By channeling resources effectively, C52 Holdings Inc directly contributes to the operational stability and growth of the church, amplifying its positive influence on the local population.
This information is meant to be a general summary of C52 Holdings 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.
- Gross Receipts: $293,138
Assets and Liabilities:
- Total Assets: $2,278,395
- Total Liabilities: $1,988,739
- Net Assets: $289,656
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Organization Details
Founding Year
2013
Phone
(317) 999-8669Principal Officer
Perry Meade
Main Address
PO BOX 244, NEW PALESTINE, IN, 46163
NTEE Category
Code: S11 - Community improvement
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