Overview
What is Farnsworth Real Estate Inc?
Farnsworth Real Estate Inc is a nonprofit organization situated in Rockland, Maine. Its primary mission is to support the exempt activities of the William A. Farnsworth Library and Art Museum Inc. To achieve this, the organization holds, maintains, and preserves the real estate associated with the library and museum. By doing so, it enables substantial improvements to be made to the property. In essence, Farnsworth Real Estate Inc serves as a crucial support system, enabling the growth and maintenance of the William A. Farnsworth Library and Art Museum.
Is Farnsworth Real Estate Inc legitimate?
Farnsworth Real Estate Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Farnsworth Real Estate 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
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What is the mission statement of Farnsworth Real Estate Inc?
Farnsworth Real Estate Inc is a real estate holding company with a mission to support the exempt activities of the William A. Farnsworth Library and Art Museum. Specifically, its role is to hold, maintain, and preserve the real estate associated with the library and museum. The organization was formed with the intention of acquiring and financing substantial improvements to this real estate, thereby contributing to the overall mission and operations of the supported organization.
What is the revenue of Farnsworth Real Estate Inc?
Farnsworth Real Estate Inc's revenue in 2022 was $130,499.
Who are the executives of Farnsworth Real Estate Inc and what are their salaries?
There 5 volunteers at Farnsworth Real Estate Inc.
Here are 6 key members and their salaries:
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- Other: $0
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- Compensation: $0
- Related: $306,897
- Other: $18,118
Where can I find the form 990 for Farnsworth Real Estate Inc?
Farnsworth Real Estate Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Farnsworth Real Estate Inc
Farnsworth Real Estate Inc, as a real estate holding company, is committed to supporting the exempt activities of the William A. Farnsworth Library and Art Museum Inc. Its primary mission is to hold, maintain, and preserve the real estate that is connected to this institution. This organization was established with the purpose of acquiring and financing substantial improvements to this real estate, thereby ensuring the continued operation and growth of the library and art museum. By undertaking this role, Farnsworth Real Estate Inc plays a crucial part in safeguarding the legacy and impact of the William A. Farnsworth Library and Art Museum Inc.
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Impact
October, 2024
Farnsworth Real Estate Inc plays a crucial role in the preservation and enhancement of the cultural and artistic landscape in Rockland, Maine, through its stewardship of the real estate associated with the William A. Farnsworth Library and Art Museum. By holding and maintaining these properties, the organization ensures that the library and museum can operate in an environment conducive to educational and artistic pursuits.
The impact of Farnsworth Real Estate Inc extends beyond mere property management; it facilitates significant improvements to the real estate, enabling the library and museum to expand their offerings and enhance visitor experiences. This proactive approach supports the mission of the library and art museum, ensuring that they remain valuable resources for the community and beyond.
Furthermore, by preserving the real estate connected to these cultural institutions, Farnsworth Real Estate Inc contributes to the community's cultural heritage and identity. This commitment to maintaining a space for artistic expression and learning enhances community engagement, providing residents and visitors alike access to art and literature in a dedicated, nurturing environment. Overall, Farnsworth Real Estate Inc plays an essential role in sustaining and advancing the mission of the William A. Farnsworth Library and Art Museum, fostering an appreciation of the arts within the community.
This information is meant to be a general summary of Farnsworth Real Estate 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.
- Investment Income: $33
- Program Service Revenue: $130,466
- Gross Receipts: $130,499
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$130,466
Organization Details
Founding Year
2015
Principal Officer
Susan Deutsch
NTEE Category
Code: A11 - Arts
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