Overview
What is Cottonwood Creek Church Properties Inc?
Cottonwood Creek Church Properties Inc is a 501C(2) title-holding organization, based in Allen, Texas. Its primary function is to maintain ownership of properties and generate income from them. This income, after deducting expenses, is then transferred to Cottonwood Creek Baptist Church, a nonprofit entity. By serving as a property custodian, Cottonwood Creek Church Properties Inc supports the overall operations and mission of its affiliated church.
Is Cottonwood Creek Church Properties Inc legitimate?
Cottonwood Creek Church Properties Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Cottonwood Creek Church Properties 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.
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What is the mission statement of Cottonwood Creek Church Properties Inc?
Cottonwood Creek Church Properties Inc serves as a title-holding company, registered as a 501C(2), with the primary objective of managing property titles. The company collects income generated from these properties and then transfers the entire amount, minus expenses, to Cottonwood Creek Baptist Church, a nonprofit entity. Essentially, Cottonwood Creek Church Properties Inc acts as a financial intermediary, supporting the operations of the church through property management and income distribution.
Who is the CEO of Cottonwood Creek Church Properties Inc?
Scott Sanford is the President of Cottonwood Creek Church Properties Inc.
What is the revenue of Cottonwood Creek Church Properties Inc?
Cottonwood Creek Church Properties Inc's revenue in 2022 was $1,148,404.
Who are the executives of Cottonwood Creek Church Properties Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Cottonwood Creek Church Properties Inc?
Cottonwood Creek Church Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cottonwood Creek Church Properties Inc
Cottonwood Creek Church Properties Inc is a title-holding company, operating under the 501C(2) classification. Its primary role is to hold title to property, generate income from these assets, and then transfer the entire net income, less expenses, to Cottonwood Creek Baptist Church, a nonprofit entity. The organization serves as a financial intermediary, ensuring the financial stability and growth of the church by managing its real estate holdings effectively. By collecting income and distributing it to the church, Cottonwood Creek Church Properties Inc plays a crucial role in supporting the religious and community activities carried out by Cottonwood Creek Baptist Church.
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Impact
October, 2024
Cottonwood Creek Church Properties Inc plays a crucial role in supporting the operations and mission of Cottonwood Creek Baptist Church by holding title to properties and managing income associated with them. This organization ensures that the financial resources generated from these properties are efficiently collected and allocated to the church, facilitating its various programs and community outreach efforts. By effectively managing real estate assets, Cottonwood Creek Church Properties Inc enables the church to focus on its religious and community initiatives while maintaining financial stability. The strategic property management ultimately contributes to the growth and sustainability of the church's impact within the Allen, TX community and beyond.
This information is meant to be a general summary of Cottonwood Creek Church Properties 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.
- Program Service Revenue: $246
- Gross Receipts: $1,148,404
Assets and Liabilities:
- Total Assets: $25,768,635
- Total Liabilities: $8,943,908
- Net Assets: $16,824,727
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER INCOME
Revenue
$246
Organization Details
Founding Year
2022
Phone
(972) 359-7777Principal Officer
Scott Sanford
Main Address
1015 SAM RAYBURN TOLLWAY, ALLEN, TX, 75013
NTEE Category
Code: X19 - Religion related
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