Overview
What is Elysian Fields Property Corporation?
Elysian Fields Property Corporation is a nonprofit organization, established in June 1988, with a primary objective of holding title to real property and generating income. This income is then utilized to support the educational, religious, and charitable endeavors of the Brothers of the Sacred Heart New Orleans Inc. Specifically, the funds assist in the operation of Brother Martin School in New Orleans, Louisiana. The corporation acquired investment property adjacent to Brother Martin High School's campus, aiming to bolster endowment funds for the school's support. The corporation's activities contribute to the overall mission of the Brothers of the Sacred Heart New Orleans Inc., a qualified 501(c)(3) organization.
Is Elysian Fields Property Corporation legitimate?
Elysian Fields Property Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Elysian Fields Property 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 Elysian Fields Property Corporation?
The Elysian Fields Property Corporation is established with the purpose of managing real estate properties, generating income, and subsequently transferring the funds, less expenses, to support the educational, religious, and charitable endeavors of the Brothers of the Sacred Heart of New Orleans Inc. This organization was founded in 1988 with the aim of acquiring property adjacent to Brother Martin High School, thereby contributing to the development of endowment funds for the school's support. The corporation's primary objective is to hold title to real property and collect rental income, ultimately providing financial assistance to the Brothers of the Sacred Heart of New Orleans Inc., a qualified 501(c)(3) organization. This support aids in carrying out their educational, religious, and charitable pursuits, including the operation of Brother Martin School in New Orleans, Louisiana.
Who is the CEO of Elysian Fields Property Corporation?
Greg Rando is the President of Elysian Fields Property Corporation.
What is the revenue of Elysian Fields Property Corporation?
Elysian Fields Property Corporation's revenue in 2022 was $152,265.
Who are the executives of Elysian Fields Property Corporation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $91,276
- Other: $11,464
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $83,182
- Other: $11,059
Where can I find the form 990 for Elysian Fields Property Corporation?
Elysian Fields Property Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Elysian Fields Property Corporation
Elysian Fields Property Corporation, established in 1988, is a nonprofit organization with a unique mission. Operating under IRC Section 501(c)(2), its primary purpose is to hold title to real property and generate income. This income is then utilized to support the educational, religious, and charitable endeavors of the Brothers of the Sacred Heart of New Orleans Inc., a qualified 501(c)(3) organization. One of the key objectives of Elysian Fields Property Corporation is to provide financial assistance to Brother Martin School in New Orleans, LA. The acquisition of investment property adjacent to Brother Martin High School's campus was a significant step towards building endowment funds for the school's support. In essence, Elysian Fields Property Corporation serves as a financial backbone, helping the Brothers of the Sacred Heart of New Orleans Inc. in their mission of education and charity.
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Impact
October, 2024
Elysian Fields Property Corporation significantly bolsters the educational, religious, and charitable missions of the Brothers of the Sacred Heart of New Orleans through strategic property management and income generation. Established in June 1988, the corporation is focused on acquiring and managing real estate assets, specifically investment properties that contribute rental income. This income is then allocated to support various initiatives, particularly the operation of Brother Martin School in New Orleans.
By holding title to real property and collecting rent, Elysian Fields plays a vital role in creating sustainable financial support for educational programs and outreach efforts. The corporation’s activities not only aid in the development of endowment funds for Brother Martin High School but also enhance the overall community by investing in educational excellence. Through its focused approach to property management, Elysian Fields Property Corporation exemplifies a commitment to community improvement and the betterment of educational opportunities in the region.
This information is meant to be a general summary of Elysian Fields Property 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.
- Investment Income: $377
- Program Service Revenue: $151,888
- Gross Receipts: $152,265
Assets and Liabilities:
- Total Assets: $1,454,948
- Total Liabilities: $1,100
- Net Assets: $1,453,848
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$151,888
Organization Details
Founding Year
1988
Phone
(504) 283-7261Principal Officer
Greg Rando
Main Address
4401 ELYSIAN FIELDS AVENUE, NEW ORLEANS, LA, 70122
NTEE Category
Code: S47 - Community improvement
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