Overview
What is Daybreak Foundation?
Daybreak Foundation is a nonprofit organization situated in Houston, Texas. Its primary objective is to generate investment and interest income, which is then channeled towards Magnificat Houses, Inc. for their operational needs. By doing so, Daybreak Foundation indirectly supports the operations of Magnificat Houses, Inc., contributing to their mission in an essential way. The foundation's role is vital in ensuring the continued functioning of Magnificat Houses, Inc. without having to directly manage its operations.
Is Daybreak Foundation legitimate?
Daybreak Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Daybreak Foundation 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 Daybreak Foundation?
The Daybreak Foundation's primary objective is to serve a philanthropic role by generating investment and interest income. This income is then transferred to Magnificat Houses, Inc., enabling it to effectively carry out its operations. In essence, the Daybreak Foundation exists to financially support Magnificat Houses, Inc., thereby contributing to its overall mission and goals.
Who is the CEO of Daybreak Foundation?
Suzanne Young is the Chairman of Daybreak Foundation.
What is the revenue of Daybreak Foundation?
Daybreak Foundation's revenue in 2022 was $0.
Who are the executives of Daybreak Foundation and what are their salaries?
Here are 6 key members and their salaries:
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- Compensation: $0
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Where can I find the form 990 for Daybreak Foundation?
Daybreak Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Daybreak Foundation
Daybreak Foundation, a nonprofit organization, is dedicated to its mission of fostering investment and interest income. This income serves a vital purpose, as it is intended to be transferred to Magnificat Houses, Inc., allowing the latter to utilize it for its operational needs. By generating this income, Daybreak Foundation plays a significant role in supporting the operations of Magnificat Houses, Inc., thereby contributing to its overall mission and objectives.
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Impact
October, 2024
Daybreak Foundation significantly impacts the community by generating investment and interest income that supports the operations of Magnificat Houses, Inc., a vital organization providing human services. Located in Houston, Texas, Daybreak plays a crucial role in ensuring that Magnificat Houses can continue its essential work, which includes offering shelter, rehabilitation, and various forms of support to individuals in need. Through this financial backing, Daybreak Foundation helps maintain and enhance the quality of services provided, ultimately improving the lives of those served within the community.
This information is meant to be a general summary of Daybreak Foundation. 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: $3,020,012
- Total Liabilities: $0
- Net Assets: $3,020,012
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Organization Details
Founding Year
1985
Phone
(713) 529-4231Principal Officer
Suzanne Young
Main Address
P O Box 8486, Houston, TX, 77288
NTEE Category
Code: P300 - Human services
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