Overview
What is Smdp New School Co?
Smdp New School Co is a nonprofit organization situated in Cleveland, Ohio, with the address 6202 Saint Clair Avenue. Its primary mission is to support Saint Martin de Porres High School by developing and constructing a new education facility. The organization earns rental income from Saint Martin de Porres High School, with additional income from interest on cash balances. The expenses incurred include depreciation, interest, and contributions to supported organizations. Smdp New School Co acts as a vital partner in providing the necessary infrastructure for Saint Martin de Porres High School, thereby contributing to the education sector in the community.
Official website here: www.saintmartincleveland.com
Is Smdp New School Co legitimate?
Smdp New School Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. Smdp New School Co 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
For more financial information, click here
Official website here: www.saintmartincleveland.com
What is the mission statement of Smdp New School Co?
SMDP New School Company's mission is centered around supporting Saint Martin de Porres High School. Their primary objective is to develop a new education facility and construct it, subsequently leasing it back to the high school. By carrying out this mission, SMDP New School Company contributes to the enhancement of educational facilities for Saint Martin de Porres High School, thereby contributing to the overall educational experience of the students. The financial aspect of their mission involves receiving rental income from the high school and earning interest on cash balances, while managing expenses such as depreciation and contributions to the supported organization.
Official website here: www.saintmartincleveland.com
Who is the CEO of Smdp New School Co?
Charles Napoli is the President of Smdp New School Co.
Official website here: www.saintmartincleveland.com
What is the revenue of Smdp New School Co?
Smdp New School Co's revenue in 2022 was $360,288.
Official website here: www.saintmartincleveland.com
Who are the executives of Smdp New School Co and what are their salaries?
There 6 volunteers at Smdp New School Co.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $146,547
- Other: $24,199
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- Other: $0
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- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $97,457
- Other: $17,094
Official website here: www.saintmartincleveland.com
Where can I find the form 990 for Smdp New School Co?
Smdp New School Co's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.saintmartincleveland.com
Learn more at the official website: www.saintmartincleveland.com
Mission Statement of Smdp New School Co
SMDP New School Co, as a supporting organization, is committed to advancing the mission of Saint Martin de Porres High School. Its primary objective is to develop a new education facility and construct it for the high school. Once completed, SMDP New School Co leases this facility to Saint Martin de Porres High School. This arrangement allows the high school to have a modern and adequate learning environment, while SMDP New School Co generates income through the rental payments. Additionally, the organization also earns interest on its cash balances and incurs expenses such as depreciation and interest payments, as well as contributions to the supported organization. In essence, SMDP New School Co plays a crucial role in enhancing the educational infrastructure for Saint Martin de Porres High School.
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Impact
October, 2024
Smdp New School Co. plays a pivotal role in enhancing educational infrastructure by developing and managing property dedicated to Saint Martin de Porres High School. By constructing a new education facility, the organization supports the school's mission to provide quality education, thus positively impacting the student experience and educational outcomes.
The financial aspect of Smdp New School Co. reflects its sustainable operational model. With a rental income of $360,226 generated from leasing the facility to Saint Martin de Porres High School, the organization ensures a steady flow of resources that can be reinvested to maintain and improve the property. Additionally, the earnings from cash balances contribute to its financial stability.
Moreover, the structured approach to its expenses, which includes necessary costs such as depreciation and interest, ensures that the organization can fulfill its commitments while supporting the educational endeavors of the high school. Overall, Smdp New School Co.'s efforts in developing educational facilities directly benefit the community in Cleveland, Ohio, by fostering a conducive learning environment.
This information is meant to be a general summary of Smdp New School Co. 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: $62
- Gross Receipts: $360,288
Assets and Liabilities:
- Total Assets: $14,847,891
- Total Liabilities: $13,410,181
- Net Assets: $1,437,710
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Organization Details
Founding Year
2015
Phone
(216) 881-1689Principal Officer
Charles Napoli
Main Address
6202 Saint Clair Avenue, Cleveland, OH, 44103
Website
www.saintmartincleveland.comNTEE Category
Code: B19 - Education
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