Overview
What is Shundi Harvest Holdings Corporation?
Shundi Harvest Holdings Corporation is a corporation established for a specific purpose, namely, to hold property and generate income. This income is then transferred, after deducting expenses, to an organization that falls under IRC 501(A), which is a category of exempt organizations in the United States tax code. The corporation's primary role is to serve as a financial intermediary, ensuring the efficient flow of income to its beneficiary organization. The corporation itself does not engage in any direct activities or services, but rather acts as a conduit for financial support.
Is Shundi Harvest Holdings Corporation legitimate?
Shundi Harvest Holdings Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Shundi Harvest Holdings Corporation 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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What is the mission statement of Shundi Harvest Holdings Corporation?
Shundi Harvest Holdings Corporation is established with a specific purpose. Its primary objective is to own property and generate income from it. The corporation then proceeds to transfer the entire income, after deducting expenses, to an organization that qualifies as exempt under the Internal Revenue Code Section 501(a). This organization utilizes the funds to carry out its charitable activities. In essence, Shundi Harvest Holdings Corporation serves as a financial intermediary, channeling resources to a tax-exempt organization.
Who is the CEO of Shundi Harvest Holdings Corporation?
David Knox is the President of Shundi Harvest Holdings Corporation.
What is the revenue of Shundi Harvest Holdings Corporation?
Shundi Harvest Holdings Corporation's revenue in 2022 was $22,388.
Who are the executives of Shundi Harvest Holdings Corporation and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Shundi Harvest Holdings Corporation?
Shundi Harvest Holdings Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Shundi Harvest Holdings Corporation
Shundi Harvest Holdings Corporation is an organization with a unique mission. Its primary purpose is to hold property titles and collect income generated from these properties. This corporation operates under the mandate to transfer the entire income, after deducting expenses, to another organization that is exempt under the Internal Revenue Code Section 501(a). By doing so, Shundi Harvest Holdings Corporation plays a significant role in supporting exempt organizations, contributing to their financial sustainability and furthering their respective missions. The corporation's mission is essentially to act as a financial intermediary, channeling resources to organizations that are exempt from federal income tax in the United States.
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Impact
October, 2024
Shundi Harvest Holdings Corporation plays a vital role in the financial sustainability of organizations that qualify for tax-exempt status under IRC 501(a). By holding title to property and collecting income from it, the corporation effectively generates resources that can be redirected to support qualifying entities. This process not only maximizes the utility of property assets but also ensures a steady stream of revenue that can be used for charitable, religious, or community-focused initiatives.
Situated in Grove, Oklahoma, the corporation's impact extends beyond financial management; it empowers organizations to focus on their missions while relying on consistent funding. By streamlining the process of property management and income collection, Shundi Harvest Holdings Corporation fosters a supportive environment for other organizations to thrive, ultimately enhancing their capacity to serve the community. Through this model, it underscores the importance of strategic resource allocation in strengthening the broader nonprofit sector.
This information is meant to be a general summary of Shundi Harvest Holdings Corporation. 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: $288
- Gross Receipts: $60,354
Assets and Liabilities:
- Total Assets: $1,680,888
- Total Liabilities: $308,812
- Net Assets: $1,372,076
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Organization Details
Founding Year
2014
Phone
(918) 786-4497Principal Officer
David Knox
Main Address
PO BOX 450997, GROVE, OK, 74345
NTEE Category
Code: X11 - Religion related
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