Overview
What is Rising Sun School Building Corporation?
Rising Sun School Building Corporation is a nonprofit organization primarily dedicated to constructing educational facilities. By partnering with schools, they lease out their buildings, with the schools paying rent. The corporation then utilizes the collected real estate taxes to repay the investors who financed the school's construction. This innovative approach allows for the continuous development of learning environments while ensuring that initial investments are eventually returned.
Is Rising Sun School Building Corporation legitimate?
Rising Sun School Building Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rising Sun School Building Corporation 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 Rising Sun School Building Corporation?
The Rising Sun School Building Corporation's primary focus is on constructing educational facilities. The school leases these buildings and pays rent to the corporation. The corporation, in turn, utilizes the collected real estate taxes to repay the investors who funded the construction of the schools. Essentially, the corporation's mission is to provide educational infrastructure, manage its financial aspects, and ensure the repayment of its investors.
What is the revenue of Rising Sun School Building Corporation?
Rising Sun School Building Corporation's revenue in 2023 was $792,090.
Who are the executives of Rising Sun School Building Corporation and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Rising Sun School Building Corporation?
Rising Sun School Building Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Rising Sun School Building Corporation
Rising Sun School Building Corporation is dedicated to constructing educational facilities. This nonprofit organization leases out its buildings to schools, with the school in turn paying rent to the corporation. The revenue generated from these rent payments, primarily derived from real estate taxes, is utilized by Rising Sun School Building Corporation to repay its investors who financed the construction of the educational facilities. In essence, Rising Sun School Building Corporation serves as a bridge between educational institutions and investors, facilitating the development of educational facilities while ensuring a return on investment for its financiers.
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Impact
October, 2024
Rising Sun School Building Corporation has a significant impact on the educational landscape in Friendship, Indiana. By focusing on the construction of educational facilities, the organization enhances access to quality learning environments for students. Through its model, schools pay rent to the corporation, which in turn uses collected real estate taxes to repay investors who funded the construction. This creates a sustainable financial structure that supports the development and maintenance of essential educational infrastructure.
The presence of well-built educational facilities can directly influence student performance, teacher satisfaction, and community engagement. By providing modern spaces for learning, Rising Sun School Building Corporation not only contributes to the immediate educational needs but also fosters long-term benefits for the community, such as increased property values and enhanced local resources.
In summary, Rising Sun School Building Corporation plays a crucial role in advancing education in Friendship, ensuring that schools have the facilities necessary for fostering a conducive learning environment while responsibly managing financial commitments.
This information is meant to be a general summary of Rising Sun School Building 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 2023.
- Investment Income: $6,590
- Gross Receipts: $792,090
Assets and Liabilities:
- Total Assets: $16,832,183
- Total Liabilities: $6,195,000
- Net Assets: $10,637,183
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Organization Details
Founding Year
2005
Principal Officer
Brandon Roeder
NTEE Category
Code: Z99 - Unknown
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