Overview
What is L A Pires Endowment Corp?
L.A. Pires Endowment Corp is a nonprofit organization situated in McKinney, Texas, specifically at 2605 Grand Canyon Ct, ZIP code 75072. The primary activity of this organization involves managing a pooled investment trust. This trust is designed to support 501(C) nonprofits, as required by the organization's founding documents. Each year, the corporation makes donations to these 501(C)'s in accordance with the provisions outlined in its organizational documents. The corporation's mission revolves around this pooled investment trust and its annual donations to the specified 501(C)'s.
Is L A Pires Endowment Corp legitimate?
L A Pires Endowment Corp is a legitimate nonprofit organization registered as a 501(c)(2) entity. L A Pires Endowment 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.
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What is the mission statement of L A Pires Endowment Corp?
LA Pires Endowment Corp operates as a Pooled Investment Trust, with a mandate to make annual donations to eligible 501(C) non-profit organizations, as outlined in their organizational documents. The corporation's mission is centered around this mandate, with the primary goal of contributing to the activities and initiatives of these non-profit organizations. This philanthropic approach aims to support the causes and missions of these organizations, thereby contributing to various social, educational, or charitable endeavors. The specific beneficiaries and the amount of donations vary according to the organizational documents of L A Pires Endowment Corp.
Who is the CEO of L A Pires Endowment Corp?
Lawrence P Sweeney is the Chairman of L A Pires Endowment Corp.
What is the revenue of L A Pires Endowment Corp?
L A Pires Endowment Corp's revenue in 2022 was $353,912.
Who are the executives of L A Pires Endowment Corp and what are their salaries?
There 9 volunteers at L A Pires Endowment Corp.
Here are 9 key members and their salaries:
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Where can I find the form 990 for L A Pires Endowment Corp?
L A Pires Endowment Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of L A Pires Endowment Corp
L.A. Pires Endowment Corp is a unique entity that operates as a Pooled Investment Trust for 501(C) nonprofit organizations. Its mission is centered around making required annual donations to these 501(C) organizations, as outlined in its organizational documents. Essentially, this corporation serves as a conduit for financial contributions to these nonprofits, ensuring that they receive the necessary funding to fulfill their respective missions. By pooling resources and donations, L.A. Pires Endowment Corp plays a crucial role in supporting a wide range of causes and initiatives, ultimately contributing to the betterment of various communities.
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Impact
October, 2024
L A Pires Endowment Corp makes a significant impact by serving as a pooled investment trust specifically designed for 501(c) organizations. This structure allows for efficient management of funds, enabling these organizations to access resources that facilitate their missions. Through the required annual donations mandated by their organizational documents, the endowment directly supports various 501(c) nonprofits within the community.
Located in McKinney, TX, the organization plays a vital role in community improvement by ensuring that essential charities receive the financial backing they need to thrive and expand their services. This structured approach not only stabilizes the funding for these nonprofits but also fosters collaboration and resource sharing among them, amplifying the overall positive effect on the community. By adhering to its mission, L A Pires Endowment Corp contributes to the sustainability and efficacy of charitable activities, ultimately enhancing the quality of life in the areas it serves.
This information is meant to be a general summary of L A Pires Endowment 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.
- Investment Income: $353,912
- Gross Receipts: $896,077
Assets and Liabilities:
- Total Assets: $5,121,095
- Total Liabilities: $0
- Net Assets: $5,121,095
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Organization Details
Founding Year
1927
Phone
(214) 856-5051Principal Officer
Lawrence P Sweeney
Main Address
2605 Grand Canyon Ct, McKinney, TX, 75072
NTEE Category
Code: S47 - Community improvement
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