Overview
What is Hli Endowment Inc?
Hli Endowment Inc is a nonprofit organization situated in Front Royal, Virginia. Its primary role is to manage property on behalf of its parent company, Human Life International, Inc., as a 501(c)(3) entity. This involves collecting rental or sale proceeds, covering associated expenses, and then transferring the remaining funds to its parent organization. The organization's purpose is to support the parent company's mission without actively engaging in any independent activities.
Is Hli Endowment Inc legitimate?
Hli Endowment Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Hli Endowment 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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Other Salaries and Wages: $0
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What is the mission statement of Hli Endowment Inc?
Hli Endowment Inc's primary role is to manage property titles and generate revenues, mainly from rental or property sales. The organization then passes on the net earnings, after deducting expenses, to its parent company, which is a 501(c)(3) entity. Essentially, Hli Endowment Inc serves as a financial intermediary, supporting its parent organization's operations. This role allows the parent organization to focus on its charitable objectives without the need to manage property-related income and expenses directly.
Who is the CEO of Hli Endowment Inc?
Luke Fier is the President of Hli Endowment Inc.
What is the revenue of Hli Endowment Inc?
Hli Endowment Inc's revenue in 2022 was $204,871.
Who are the executives of Hli Endowment Inc and what are their salaries?
Here are 5 key members and their salaries:
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- Related: $83,409
- Other: $13,471
Where can I find the form 990 for Hli Endowment Inc?
Hli Endowment Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hli Endowment Inc
Hli Endowment Inc, as a nonprofit organization, is primarily dedicated to managing property titles and overseeing the collection and distribution of revenues generated from rental or sale activities. This revenue, after deducting expenses, is then passed on to its parent company, Human Life International, Inc., which falls under the 501(c)(3) category. In essence, Hli Endowment Inc acts as a financial intermediary, ensuring the proper allocation of funds to its parent organization for its charitable purposes.
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Impact
October, 2024
Hli Endowment Inc significantly contributes to community improvement by effectively managing property assets and generating revenue that supports its parent organization, Human Life International, Inc. By holding title to property and overseeing rental and sale proceeds, Hli Endowment Inc plays a pivotal role in ensuring that financial resources are maximized and efficiently remitted, less any expenses incurred. This operational structure allows for sustained support of community-oriented initiatives, reinforcing the broader mission of promoting human life and dignity. Through its activities, Hli Endowment Inc not only enhances economic stability but also ensures that funds are funneled back into impactful programs and services that benefit the community.
This information is meant to be a general summary of Hli Endowment 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: $204,871
- Gross Receipts: $204,871
Assets and Liabilities:
- Total Assets: $2,665,178
- Total Liabilities: $1,718,138
- Net Assets: $947,040
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$204,871
Organization Details
Founding Year
1991
Phone
(540) 635-7884Principal Officer
Luke Fier
Main Address
4 FAMILY LIFE LANE, FRONT ROYAL, VA, 22630
NTEE Category
Code: S47 - Community improvement
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