Overview
What is Berea Interchange Development Corp?
Berea Interchange Development Corp is a land holding company, operating under the control of Berea College, a 501(C)(3) tax-exempt organization based in Berea, Kentucky. This nonprofit corporation invests in land as a means to support its mission, with its headquarters located at Lincoln Hall 220, Berea 40404. The primary function of Berea Interchange Development Corp is to manage these land investments on behalf of Berea College.
Official website here: www.berea.edu
What do the Facebook reviews say about Berea Interchange Development Corp?
88% of 872 reviewers on Facebook recommend Berea Interchange Development Corp. Here is a summary of their reviews:
Many individuals express a transformative experience, highlighting how the nonprofit has significantly impacted their lives, particularly in terms of education and financial support. Reviewers frequently encourage those facing financial challenges to engage with the organization, indicating a strong belief in its mission to promote higher education.
Overall, the sentiment is overwhelmingly positive, with participants feeling empowered and supported in their pursuit of education. This suggests that Berea Interchange Development Corp effectively fulfills its commitment to help individuals overcome financial barriers and achieve their academic goals.
This AI summary has been generated from reviews found on Facebook.
Is Berea Interchange Development Corp legitimate?
Berea Interchange Development Corp is a legitimate nonprofit organization registered as a 501(c)(2) entity. Berea Interchange Development Corp 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
For more financial information, click here
Official website here: www.berea.edu
What is the mission statement of Berea Interchange Development Corp?
The Berea Interchange Development Corp, being a land holding company, serves as an investment vehicle for Berea College, a 501(C)(3) tax-exempt organization. Its mission, in essence, is to support the financial well-being of Berea College by managing its real estate assets. As a subsidiary of the college, it operates under the same tax-exempt status. The company's primary function is to contribute to the financial stability of Berea College, ensuring its long-term growth and success.
Official website here: www.berea.edu
Who is the CEO of Berea Interchange Development Corp?
Unavailable
Official website here: www.berea.edu
What is the revenue of Berea Interchange Development Corp?
Berea Interchange Development Corp's revenue in 2022 was $0.
Official website here: www.berea.edu
Who are the executives of Berea Interchange Development Corp and what are their salaries?
There 2 volunteers at Berea Interchange Development Corp.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $421,594
- Other: $54,220
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $180,470
- Other: $34,676
- Compensation: $0
- Related: $180,792
- Other: $37,414
- Compensation: $0
- Related: $252,919
- Other: $36,018
Official website here: www.berea.edu
Where can I find the form 990 for Berea Interchange Development Corp?
Berea Interchange Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.berea.edu
Learn more at the official website: www.berea.edu
Mission Statement of Berea Interchange Development Corp
Berea Interchange Development Corp, a land holding company, serves as an investment vehicle for Berea College, a 501(C)(3) tax-exempt organization. This company's mission, controlled by Berea College, is to manage and utilize land resources as a means to support the educational institution's objectives. By holding land as an investment, Berea Interchange Development Corp contributes to the financial stability and growth of Berea College, furthering its mission to provide quality education and opportunities to its students.
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Impact
October, 2024
Berea Interchange Development Corp significantly influences the community by strategically managing land investments for Berea College. Its activities are directed towards enhancing local economic development and community improvement in Berea, Kentucky. By holding land as an investment, it supports the college’s mission and contributes to the region's growth. This can encourage partnerships, attract businesses, and stimulate job creation, ultimately fostering a more vibrant local economy. The organization's focus on responsible land management ensures sustainable development that aligns with the broader goals of the college and the community it serves.
This information is meant to be a general summary of Berea Interchange Development Corp. 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: $2,962,649
- Total Liabilities: $984,897
- Net Assets: $1,977,752
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Organization Details
Founding Year
1987
Phone
(859) 985-3082Main Address
LINCOLN HALL 220, BEREA, KY, 40404
Website
www.berea.eduNTEE Category
Code: S47 - Community improvement
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