Overview
What is Natca Membership Investment Inc?
Natca Membership Investment Inc, based in Washington D.C., is a nonprofit organization primarily focused on owning and managing real estate. This property, located at 1325 Massachusetts Avenue NW, is specifically for the benefit of Natca, a related tax-exempt organization. The mission of Natca Membership Investment Inc is to provide facilities and resources that cater to the needs of the National Air Traffic Controllers Association (NATCA) members, as authorized by their executive board.
Is Natca Membership Investment Inc legitimate?
Natca Membership Investment Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Natca Membership Investment 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.
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 Natca Membership Investment Inc?
Natca Membership Investment Inc's mission is centered around acquiring, owning, and operating real property with the primary objective of benefiting the members of the National Air Traffic Controllers Association (NATCA), a related tax-exempt organization. This is carried out in accordance with the approval of the National Executive Board. While the details of these benefits are not specified, it can be inferred that they aim to enhance the experience and well-being of NATCA members in some capacity. The organization currently owns and operates real estate properties, but the exact nature and purpose of these properties are not provided in the information.
Who is the CEO of Natca Membership Investment Inc?
Preet M Virk is the Secretary of Natca Membership Investment Inc.
What is the revenue of Natca Membership Investment Inc?
Natca Membership Investment Inc's revenue in 2022 was $949,487.
Who are the executives of Natca Membership Investment Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $220,129
- Other: $96,163
- Compensation: $0
- Related: $184,620
- Other: $86,920
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Natca Membership Investment Inc?
Natca Membership Investment Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Natca Membership Investment Inc
Natca Membership Investment Inc, as a non-profit entity, is dedicated to fulfilling a mission that directly benefits the members of the National Air Traffic Controllers Association (NATCA), a related tax-exempt organization. Its primary objective is to acquire, own, and operate real property, with approval from the National Executive Board, to provide various benefits to NATCA members. By doing so, Natca Membership Investment Inc effectively enhances the well-being and experiences of its associated community. While the specifics of the benefits provided are not detailed in the information, it can be inferred that the organization's real estate operations contribute to the betterment of NATCA members.
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Impact
October, 2024
Natca Membership Investment Inc (NMI) plays a significant role in supporting the National Air Traffic Controllers Association (NATCA) by owning and operating real property in Washington, D.C. This strategic management of real estate not only provides financial stability for NATCA but also enhances the resources available to its membership. By acquiring and maintaining property, NMI creates a dedicated space for NATCA activities and initiatives, ensuring that members have access to essential services and community-oriented programs.
Located at 1325 Massachusetts Avenue, N.W., this property serves as a central hub for NATCA's operations, facilitating communication, collaboration, and advocacy efforts for air traffic controllers. The mission of NMI directly aligns with the interests of NATCA members, as it is focused on acquiring and managing assets that offer tangible benefits, fostering a sense of community and support among air traffic controllers. This investment in real estate not only bolsters the organization’s presence in Washington, D.C., but also empowers NATCA to better represent its members' interests at a national level. Ultimately, NMI’s activities contribute to the overall improvement and sustenance of the air traffic control profession, enhancing the well-being of a vital community sector.
This information is meant to be a general summary of Natca Membership Investment 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.
- Investment Income: $3,629
- Program Service Revenue: $1,116,313
- Gross Receipts: $2,953,368
Assets and Liabilities:
- Total Assets: $10,292,807
- Total Liabilities: $4,636,420
- Net Assets: $5,656,387
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,074,538
PARKING FEES
Revenue
$41,775
Organization Details
Founding Year
1999
Phone
(202) 682-5451Principal Officer
Preet M Virk
Main Address
1325 MASSACHUSETTS AVENUE NW, WASHINGTON, DC, 20005
NTEE Category
Code: S47 - Community improvement
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