Overview
What is Federal Bar Building Corporation?
The Federal Bar Building Corporation is a nonprofit organization situated in Arlington, Virginia. Its primary objective is to support other tax-exempt organizations by holding property titles and generating income from these properties. The corporation then utilizes this income, after covering expenses and investing reasonable amounts for growth, to fulfill its obligations. The Federal Bar Building Corporation is specifically dedicated to benefiting the Federal Bar Association and the Foundation of the Federal Bar Association, ensuring their property needs are met effectively.
Is Federal Bar Building Corporation legitimate?
Federal Bar Building Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Federal Bar Building 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:
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What is the mission statement of Federal Bar Building Corporation?
The Federal Bar Building Corporation's mission is centered around owning and managing real estate for the advantage of other nonprofit organizations. Specifically, it serves the Federal Bar Association and the Foundation of the Federal Bar Association. The corporation's role involves holding title to property, collecting income, managing expenses, and allocating the remaining funds to organizations that are tax-exempt under the Internal Revenue Code, with the aim of furthering their charitable objectives.
Who is the CEO of Federal Bar Building Corporation?
Stacy King is the President of Federal Bar Building Corporation.
What is the revenue of Federal Bar Building Corporation?
Federal Bar Building Corporation's revenue in 2022 was $294,080.
Who are the executives of Federal Bar Building Corporation and what are their salaries?
There 7 volunteers at Federal Bar Building Corporation.
Here are 8 key members and their salaries:
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- Related: $232,989
- Other: $7,405
Where can I find the form 990 for Federal Bar Building Corporation?
Federal Bar Building Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Federal Bar Building Corporation
The Federal Bar Building Corporation, a notable entity, is dedicated to serving the interests of other nonprofit organizations. Its primary mission is to own and manage real estate, generating income from these properties. The corporation then distributes the majority of this income, after deducting expenses and reasonable investments, to organizations that are exempt from Federal income taxation, as stipulated by Section 501(c) of the Internal Revenue Code or its subsequent equivalents. This mission of the Federal Bar Building Corporation essentially aims to support and strengthen the financial sustainability of these tax-exempt organizations, thereby contributing to their overall growth and ability to fulfill their respective missions.
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Impact
October, 2024
Federal Bar Building Corporation plays a significant role in enhancing the capabilities of various nonprofit organizations by effectively managing and operating real estate assets. By holding title to property and generating income from these assets, the Corporation ensures that funds are available to support the Federal Bar Association and the Foundation of the Federal Bar Association. This financial support is vital for executing initiatives that benefit the legal community and the public at large.
Located in Arlington, VA, the Corporation focuses on community improvement by channeling the proceeds from its real estate operations directly into the services and programs of eligible nonprofit organizations. This approach not only helps sustain these organizations but also promotes growth and development within the legal sector. Ultimately, the Federal Bar Building Corporation's impact is reflected in its commitment to fostering a supportive environment for nonprofit entities dedicated to legal advancement and public service.
This information is meant to be a general summary of Federal Bar Building 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: $294,080
- Gross Receipts: $1,160,313
Assets and Liabilities:
- Total Assets: $8,014,048
- Total Liabilities: $6,637
- Net Assets: $8,007,411
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Organization Details
Founding Year
1958
Phone
(571) 481-9103Principal Officer
Stacy King
Main Address
4075 Wilson Blvd 8th Floor, Arlington, VA, 22203
NTEE Category
Code: S47 - Community improvement
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