Overview
What is Friends Of Guadalupe?
Friends of Guadalupe is a nonprofit organization based in Salt Lake City, Utah, with an address at 1385 N 1200 W. Their primary mission is to support the goals of Guadalupe Center Educational Programs, Inc. (GCEP) by financing the construction of educational facilities. They received a grant from GCEP to facilitate a loan to an investment fund, which in turn invested in Guadalupé Holding Company (GHC), another supporting organization for GCEP. GHC is responsible for constructing the educational facilities and leasing them to GCEP under a 30-year net lease agreement. In essence, Friends of Guadalupe aids in the development of educational infrastructure, ultimately benefiting GCEP and its purpose.
Is Friends Of Guadalupe legitimate?
Friends Of Guadalupe is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Guadalupe 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: $107,048
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What is the mission statement of Friends Of Guadalupe?
Friends of Guadalupe operates with the primary objective of supporting and advancing the educational programs of Guadalupe Center Educational Programs, Inc. Their mission is to perform the functions and carry out the purposes of the aforementioned organization. In doing so, Friends of Guadalupe has contributed to the financing of educational facilities, utilizing new market tax credits. They have also received a grant from Guadalupe Center Educational Programs, Inc. to fund a leverage loan to an investment fund, which in turn invested in Guadalupe Holding Company. This supporting organization is constructing the educational facilities, which will be leased to Guadalupe Center Educational Programs, Inc. under a 30-year net lease.
Who is the CEO of Friends Of Guadalupe?
James Carter is the President of Friends Of Guadalupe.
What is the revenue of Friends Of Guadalupe?
Friends Of Guadalupe's revenue in 2022 was $403,268.
Who are the executives of Friends Of Guadalupe and what are their salaries?
There 5 volunteers at Friends Of Guadalupe.
Here are 6 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $159,774
- Other: $29,725
Where can I find the form 990 for Friends Of Guadalupe?
Friends Of Guadalupe's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of Guadalupe
Friends of Guadalupe, as a supporting organization, operates primarily to aid Guadalupe Center Educational Programs, Inc. by carrying out its educational programs, performing its functions, and fulfilling its purposes. The mission of Friends of Guadalupe is to contribute financially to the construction of educational facilities through the utilization of new market tax credits. To accomplish this, Friends of Guadalupe received a grant from Guadalupe Center Educational Programs, Inc. to fund a leverage loan for an investment fund. This investment fund subsequently invested in Guadalupa Holding Company, another supporting organization for Guadalape Center Educational Programs, Inc. Guadalupe Holding Company is currently constructing the educational facilities and will lease them to Guadalape Center Educational Programs, Inc. under a 30-year net lease. In summary, Friends of Guadalupe plays a crucial role in securing financial support for the construction of educational facilities, ultimately benefiting Guadalape Center Educational Programs, Inc. and its educational programs.
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Impact
October, 2024
Friends Of Guadalupe has made a significant impact by facilitating the construction of vital educational facilities. Through strategic financing, including the utilization of New Market Tax Credits, they have supported the development of infrastructure that enhances educational access and opportunities for the community. By providing a grant to fund a leverage loan, they have enabled an investment fund to contribute to the building of these facilities.
The construction efforts are managed by Guadalupe Holding Company, which will lease the completed educational buildings to Guadalupe Center Educational Programs for a substantial 30-year period. This long-term lease arrangement ensures that the facilities will be used for educational purposes for decades to come, demonstrating a commitment to ongoing community development and support for educational programs. As a result, Friends Of Guadalupe plays a crucial role in fostering a sustainable environment for education in Salt Lake City, benefiting countless individuals and families in the area.
This information is meant to be a general summary of Friends Of Guadalupe. 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.
- Investment Income: $25,079
- Gross Receipts: $403,268
Assets and Liabilities:
- Total Assets: $935,043
- Total Liabilities: $721,368
- Net Assets: $213,675
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Organization Details
Founding Year
2013
Phone
(801) 531-6100Principal Officer
James Carter
Main Address
1385 N 1200 W, SALT LAKE CITY, UT, 84116
NTEE Category
Code: B12 - Education
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