Overview
What is San Mar Holdings Inc?
San Mar Holdings Inc is a nonprofit organization, primarily established to manage and hold title to real estate properties. Its main objective is to generate and distribute net revenues derived from these properties to San Mar, Inc. and its designated beneficiaries. This organization operates with a clear mission to serve the interests of San Mar Inc. and its designated parties, ensuring that all financial gains from the real estate holdings are appropriately distributed. The organization is based in Boonsboro, Maryland, with an address located at 8504 Mapleville Road.
Is San Mar Holdings Inc legitimate?
San Mar Holdings Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. San Mar Holdings 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 San Mar Holdings Inc?
San Mar Holdings Inc's primary role is to serve as a trustee for real estate properties, managing them on behalf of San Mar Inc and its designated entities. The main objective of San Mar Holdings Inc is to generate net revenues from these properties and then distribute them to San Mar Inc and its designated beneficiaries. The company's primary function is to safeguard the real estate assets and ensure their revenue generation, ultimately benefiting San Mar Inc and its designated entities.
Who is the CEO of San Mar Holdings Inc?
Keith Fanjoy is the President/Ce of San Mar Holdings Inc.
What is the revenue of San Mar Holdings Inc?
San Mar Holdings Inc's revenue in 2022 was $541,144.
Who are the executives of San Mar Holdings Inc and what are their salaries?
There 17 volunteers at San Mar Holdings Inc.
Here are 13 key members and their salaries:
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Where can I find the form 990 for San Mar Holdings Inc?
San Mar Holdings Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of San Mar Holdings Inc
San Mar Holdings Inc, as per its mission statement, serves the purpose of safeguarding real estate properties for the benefit of San Mar Inc and its designated entities. The primary role of San Mar Holdings Inc is to generate net revenues from these properties and subsequently distribute them to San Mar Inc and its designated entities. Essentially, San Mar Holdings Inc functions as a trustee, managing real estate assets on behalf of San Mar Inc. Its main objective is to ensure the financial well-being of San Mar Inc by leveraging the income generated from these properties.
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Impact
October, 2024
San Mar Holdings Inc significantly contributes to community improvement in Boonsboro, MD, by managing real estate assets that benefit San Mar, Inc. and its designated programs. By holding title to properties, the organization ensures that all net revenues generated are funneled back into initiatives that further support the mission and activities of San Mar, Inc. This financial strategy enhances the ability of San Mar, Inc. to provide essential services and programs, fostering positive outcomes for the community it serves. The focus on real estate management allows for sustainable growth and resource allocation, aligning with the broader goals of community enhancement and support for those in need.
This information is meant to be a general summary of San Mar Holdings 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: $450,021
- Gross Receipts: $765,319
Assets and Liabilities:
- Total Assets: $1,090,271
- Total Liabilities: $0
- Net Assets: $1,090,271
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Organization Details
Founding Year
2001
Phone
(301) 733-9067Principal Officer
Keith Fanjoy
Main Address
8504 MAPLEVILLE ROAD, BOONSBORO, MD, 21713
NTEE Category
Code: S47 - Community improvement
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