Overview
What is Ivb Corporation C/O Ralph Werner?
Ivb Corporation C/O Ralph Werner is a nonprofit organization primarily established for the purpose of managing property. It generates income from this property and subsequently transfers the majority of the earnings to volkswagen-stiftung, a charitable organization exempt under IRC sec. 501(c)(3). The nonprofit's primary role is to serve as a property title holder and income collector, with the proceeds eventually directed towards the charitable activities of volkswagen-stiftung.
Is Ivb Corporation C/O Ralph Werner legitimate?
Ivb Corporation C/O Ralph Werner is a legitimate nonprofit organization registered as a 501(c)(2) entity. Ivb Corporation C/O Ralph Werner 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 Ivb Corporation C/O Ralph Werner?
Ivb Corporation, overseen by Ralph Werner, is established with a specific purpose. Its primary objective is to hold title to property and generate income from it. The corporation then proceeds to transfer the entire income, after deducting expenses, to Volkswagen-Stiftung, an organization recognized as tax-exempt under IRC Sec. 501(c)(3). This structure allows Ivb Corporation to contribute financially to Volkswagen-Stiftung's charitable activities. The corporation's role is solely focused on this property-based income collection and redistribution process.
Who is the CEO of Ivb Corporation C/O Ralph Werner?
Ralph Werner is the Vice President of Ivb Corporation C/O Ralph Werner.
What is the revenue of Ivb Corporation C/O Ralph Werner?
Ivb Corporation C/O Ralph Werner's revenue in 2022 was $254,186.
Who are the executives of Ivb Corporation C/O Ralph Werner and what are their salaries?
There 2 volunteers at Ivb Corporation C/O Ralph Werner.
Here are 6 key members and their salaries:
- Compensation: $13,025
- Related: $0
- Other: $0
- Compensation: $10,000
- Related: $0
- Other: $0
- Compensation: $10,000
- Related: $0
- Other: $0
- Compensation: $10,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ivb Corporation C/O Ralph Werner?
Ivb Corporation C/O Ralph Werner's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ivb Corporation C/O Ralph Werner
Ivb Corporation C/O Ralph Werner is a specialized organization with a singular mission. Established with the primary objective of holding property title and collecting income, it serves a unique purpose. This corporation's role is to accumulate profits derived from the property, deducting any associated expenses. The accumulated income, then, is transferred in its entirety to Volkswagen-Stiftung, an organization that falls under the exempt category of Section 501(c)(3) of the Internal Revenue Code. In essence, Ivb Corporation C/O Ralph Werner acts as a financial intermediary, channeling resources to Volkswagen-Stiftung, thereby supporting its exempt operations.
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Impact
October, 2024
Ivb Corporation C/O Ralph Werner plays a significant role in the management and distribution of resources intended for charitable purposes. By holding title to property and collecting income from it, the organization ensures that financial resources are effectively allocated to support the Volkswagen-Stiftung, an exempt organization focused on various philanthropic initiatives.
The corporation’s structure allows for a streamlined process in which income generated from its holdings is directly funneled to Volkswagen-Stiftung after covering necessary expenses. This operational model not only maximizes the impact of the funds but also aligns with community improvements and developmental goals that benefit society at large.
In essence, Ivb Corporation, through its systematic approach to property management and income generation, enhances the capabilities of Volkswagen-Stiftung, ensuring that the benefits reach targeted programs and initiatives efficiently. This symbiotic relationship underscores Ivb Corporation's impact on fostering community well-being and promoting philanthropic endeavors.
This information is meant to be a general summary of Ivb Corporation C/O Ralph Werner. 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: $82
- Gross Receipts: $1,068,357
Assets and Liabilities:
- Total Assets: $7,170,506
- Total Liabilities: $293,764
- Net Assets: $6,876,742
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Organization Details
Founding Year
1988
Phone
(202) 331-8940Principal Officer
Ralph Werner
Main Address
1121 University Blvd West Suite 919, Silver Spring, MD, 20902
NTEE Category
Code: S47 - Community improvement
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