Overview
What is La Charter School New Markets Cde Llc?
La Charter School New Markets Cde LLC is a nonprofit organization that focuses on providing investment capital for low-income communities or individuals, adhering to the guidelines set by the Internal Revenue Code Section 45d and related Treasury regulations. They serve as the managing member of six subsidiary Community Development Entities (CDEs) and act as an allocatee under the New Markets Tax Credit Program. The organization's mission aligns with the non-profit objectives of Excellent Education Development, indicating a commitment to community development and growth.
Official website here: www.exed.org
Is La Charter School New Markets Cde Llc legitimate?
La Charter School New Markets Cde Llc is a legitimate nonprofit organization registered as a 501(c)(3) entity. La Charter School New Markets Cde Llc 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.
Official website here: www.exed.org
What is the mission statement of La Charter School New Markets Cde Llc?
La Charter School New Markets CDE LLC, as per its mission, provides investment capital for low-income communities or individuals, adhering to the guidelines set by the Internal Revenue Code Section 45d and related Treasury regulations. The organization serves as a managing member of six subsidiary Community Development Entities (CDEs) and acts as an allocatee under the New Markets Tax Credit Program. Its mission aligns with the non-profit purposes of Excellent Education Development, suggesting a commitment to uplifting underprivileged communities financially.
Official website here: www.exed.org
Who is the CEO of La Charter School New Markets Cde Llc?
Unavailable
Official website here: www.exed.org
What is the revenue of La Charter School New Markets Cde Llc?
La Charter School New Markets Cde Llc's revenue in 2022 was $225.
Official website here: www.exed.org
Who are the executives of La Charter School New Markets Cde Llc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.exed.org
Where can I find the form 990EZ for La Charter School New Markets Cde Llc?
La Charter School New Markets Cde Llc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.exed.org
Learn more at the official website: www.exed.org
Mission Statement of La Charter School New Markets Cde Llc
La Charter School New Markets CDE LLC is an organization dedicated to serving or providing investment capital for low-income communities or individuals, in line with the Internal Revenue Code Section 45d and related Treasury regulations. This organization plays a significant role in the New Markets Tax Credit Program, serving as a managing member of six subsidiary Community Development Entities (CDEs). By fulfilling this mission, La Charter School New Markets CDE LLC aligns its activities with the non-profit purposes of Excellent Education Development.
The organization's primary objective is to contribute to the economic development of underprivileged communities and individuals by providing essential investment capital. By doing so, La Charter School New Markets CDE LLC aims to stimulate growth, create jobs, and improve living conditions in these areas. The organization's work as a managing member of multiple subsidiary CDEs and its role as an allocatee under the New Markets Tax Credit Program further emphasizes its commitment to this mission. The organization's activities are in line with the non-profit objectives of Excellent Education Development, which highlights its dedication to community development and socio-economic improvement.
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Impact
October, 2024
La Charter School New Markets Cde LLC significantly impacts low-income communities by providing crucial investment capital aimed at fostering educational development and economic growth. By operating as a managing member of six subsidiary Community Development Entities (CDEs) and leveraging the New Markets Tax Credit Program, it channels resources into areas that need them most. This initiative supports the construction and enhancement of educational facilities, thereby improving access to quality education for underserved populations in Los Angeles. The organization's commitment to aligning with the mission of Excellent Education Development underscores its dedication to creating opportunities and uplifting communities through education-driven investments.
This information is meant to be a general summary of La Charter School New Markets Cde Llc. 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.
- Gross Receipts: $225
Assets and Liabilities:
- Total Assets: $10,466
- Total Liabilities: $9,467
- Net Assets: $999
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Organization Details
Phone
(310) 394-1152Main Address
1990 SOUTH BUNDY DRIVE SUITE 340, LOS ANGELES, CA, 90025
Website
www.exed.orgNTEE Category
Code: B11 - Education
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