Overview
What is Starmount Club Properties Inc?
Starmount Club Properties Inc is a company primarily focused on managing and maintaining real and personal property. Notably, they lease this property to a 501(C)(7) nonprofit organization, allowing the affiliated entity to utilize the space for its operations. While the nature of the nonprofit's activities is not specified in the provided information, Starmount Club Properties Inc plays a crucial role in providing a physical space for the organization's mission. The company's location is in Greensboro, North Carolina, with the exact address being 1 SAM SNEAD DRIVE.
Is Starmount Club Properties Inc legitimate?
Starmount Club Properties Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Starmount Club Properties 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 Starmount Club Properties Inc?
Starmount Club Properties Inc's primary role is to manage and maintain real and personal property. This property is then leased to a 501(C)(7) organization, which is a type of non-profit organization in the United States. The company's mission, in essence, is to support the operation of this non-profit organization by providing it with a suitable space to carry out its activities. While Starmount Club Properties Inc does not have a mission statement per se, its function can be considered as contributing to the broader goals of the 501(C)(7) organization it leases to. This could involve supporting community, recreational, or social activities, as 501(C)(7) organizations typically do.
What is the revenue of Starmount Club Properties Inc?
Starmount Club Properties Inc's revenue in 2023 was $343,439.
Who are the executives of Starmount Club Properties Inc and what are their salaries?
There 7 volunteers at Starmount Club Properties Inc.
Here are 9 key members and their salaries:
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- Related: $193,355
- Other: $4,196
- Compensation: $0
- Related: $118,205
- Other: $16,789
Where can I find the form 990 for Starmount Club Properties Inc?
Starmount Club Properties Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Starmount Club Properties Inc
Starmount Club Properties Inc, as a mission-driven entity, is dedicated to owning and maintaining real and personal property. This property is then leased to a 501(C)(7) organization, a type of nonprofit organization that typically focuses on social and recreational activities. By doing so, Starmount Club Properties Inc contributes to the upkeep and provision of facilities for this affiliated organization. This mission allows the 501(C)(7) entity to concentrate on its core activities, while Starmount Club Properties Inc takes care of the property-related matters. This symbiotic relationship between the two entities facilitates the operation of the 501(C)(7) organization, ensuring it can carry out its mission effectively.
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Impact
October, 2024
Starmount Club Properties Inc plays a vital role in the local community by owning and maintaining real and personal property that facilitates social interaction and recreational activities. By leasing these properties to a 501(c)(7) organization, it directly supports an environment where members can engage in community-building events and activities. This commitment not only enhances the quality of life for residents in Greensboro, NC, but also promotes social cohesion and fosters a sense of belonging among members. The organization's focus on community improvement underlines its impact on enhancing public spaces and resources, creating opportunities for leisure and social engagement within the community.
This information is meant to be a general summary of Starmount Club Properties 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 2023.
- Investment Income: -$12,876
- Program Service Revenue: $355,560
- Gross Receipts: $360,660
Assets and Liabilities:
- Total Assets: $6,037,676
- Total Liabilities: $6,608,657
- Net Assets: -$570,981
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$355,560
Organization Details
Founding Year
1984
Principal Officer
Michael Spohn
NTEE Category
Code: S47 - Community improvement
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