Overview
What is Orange County Public Facilities Co?
Orange County Public Facilities Co is a nonprofit corporation situated in Hillsborough, North Carolina. Its primary purpose is to support the financial needs of Orange County's public facilities. Specifically, the organization assists in financing these public facilities by covering their interest and principal expenses. This work is crucial to Orange County's infrastructure development and maintenance. The corporation's mission underscores its commitment to serving the public interest by ensuring the availability of essential public facilities.
Is Orange County Public Facilities Co legitimate?
Orange County Public Facilities Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. Orange County Public Facilities Co 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 Orange County Public Facilities Co?
Orange County Public Facilities Co's mission is centered around supporting the financing needs of public facilities in the given region. The organization's objective is to contribute financially to the development of essential public infrastructure. By providing financial aid for these facilities, Orange County Public Facilities Co plays a vital role in ensuring the community has access to necessary resources. The corporation has demonstrated this commitment by covering the interest and principal payments for a facility financed by Orange County.
What is the revenue of Orange County Public Facilities Co?
Orange County Public Facilities Co's revenue in 2024 was $2,237,050.
Who are the executives of Orange County Public Facilities Co and what are their salaries?
Here are 3 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Orange County Public Facilities Co?
Orange County Public Facilities Co's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Orange County Public Facilities Co
Orange County Public Facilities Co, as an organization, is dedicated to assisting in the financial needs of public facilities within Orange County. Their mission is centered around providing the necessary financing for public projects and infrastructure within the county. This is accomplished through various means, including the payment of interest and principal for Orange County-financed facilities. The organization plays a crucial role in ensuring that public facilities in Orange County have the financial support they need to function effectively and serve the community.
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Impact
October, 2024
Orange County Public Facilities Co plays a crucial role in addressing the public finance needs of Orange County, NC. By facilitating the financing of essential public facilities, the organization ensures that vital infrastructure projects can be developed and maintained. The corporation is directly involved in managing the financial obligations associated with these facilities, including the payment of interest and principal for financed projects.
Through its efforts, Orange County Public Facilities Co supports community development, improving access to public services and enhancing the overall quality of life for residents. By effectively allocating resources for public facilities, the organization contributes to the long-term sustainability and growth of Orange County, fostering a strong sense of community and ensuring that essential services are readily available to all.
This information is meant to be a general summary of Orange County Public Facilities Co. 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 2024.
- Program Service Revenue: $2,237,050
- Gross Receipts: $2,237,050
Assets and Liabilities:
- Total Assets: $10,110,213
- Total Liabilities: $10,110,000
- Net Assets: $213
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Principal and Interest on loan
Revenue
$2,237,050
Organization Details
Founding Year
2000
Principal Officer
Gary Donaldson
NTEE Category
Code: W112 - Public benefit
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