Overview
What is North Carolina Municipal Leasing Corporation?
North Carolina Municipal Leasing Corporation is a 501(c)(3) exempt nonprofit organization, situated in North Carolina. Its primary objective is to aid the City of Winston-Salem by facilitating the issuance of tax-exempt obligations. They accomplish this by leasing equipment, thereby eliminating the need for the city to secure separate financing. This not-for-profit corporation operates with the intention of providing financial benefits to the city, ultimately contributing to its overall growth and development.
Is North Carolina Municipal Leasing Corporation legitimate?
North Carolina Municipal Leasing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Carolina Municipal Leasing Corporation submitted a form 990EZ, 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.
What is the mission statement of North Carolina Municipal Leasing Corporation?
The North Carolina Municipal Leasing Corporation, being a not-for-profit organization under section 501(c)(3) of the Internal Revenue Code, exists with a mission to aid in the issuance of tax-exempt obligations by the City of Winston-Salem. This is accomplished through the leasing of equipment. In simpler terms, the corporation's purpose is to assist the City of Winston-Salem in obtaining tax-exempt financing by leasing necessary equipment. This strategy not only benefits the City but also contributes to the overall financial well-being of the corporation.
Who is the CEO of North Carolina Municipal Leasing Corporation?
Lisa Saunders is the President of North Carolina Municipal Leasing Corporation.
What is the revenue of North Carolina Municipal Leasing Corporation?
North Carolina Municipal Leasing Corporation's revenue in 2022 was $0.
Who are the executives of North Carolina Municipal Leasing Corporation and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990EZ for North Carolina Municipal Leasing Corporation?
North Carolina Municipal Leasing Corporation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of North Carolina Municipal Leasing Corporation
North Carolina Municipal Leasing Corporation, a not-for-profit organization, is exempt from both federal and state income taxes under section 501(c)(3) of the Internal Revenue Code. This corporation has a distinct mission: to aid the City of Winston-Salem in issuing tax-exempt obligations. They accomplish this mission by leasing equipment. Essentially, North Carolina Municipal Leasing Corporation serves as a facilitator, helping the City of Winston-Salem to acquire necessary equipment in a financially advantageous manner. By leveraging tax-exempt obligations, the corporation assists the city in managing its financial resources effectively, ultimately benefiting the community as a whole.
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Impact
October, 2024
North Carolina Municipal Leasing Corporation significantly impacts the City of Winston-Salem by facilitating the issuance of tax-exempt obligations through the leasing of equipment. This capability enables the city to acquire essential resources and infrastructure without straining its budget. By leveraging tax-exempt financing, the Corporation enhances the city’s ability to invest in public services and equipment while providing financial flexibility. This support is crucial for improving local governance, enhancing community services, and fostering economic growth within Winston-Salem.
This information is meant to be a general summary of North Carolina Municipal Leasing Corporation. 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.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Phone
(336) 747-6913Principal Officer
Lisa Saunders
Main Address
101 N MAIN ST, WINSTONSALEM, NC, 27101
NTEE Category
Code: W190 - Public benefit
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