Overview
What is Plain Majestic Properties Inc?
Plain Majestic Properties Inc is a corporate entity serving as a title-holding company for a private foundation. Its primary role involves holding title to real estate financing activities, generating income through these activities, and subsequently transferring the accumulated funds to the Leland Fikes Foundation. While not directly involved in charitable work or community outreach, Plain Majestic Properties Inc plays a crucial role in facilitating financial resources for the Leland Fikes Foundation.
Is Plain Majestic Properties Inc legitimate?
Plain Majestic Properties Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Plain Majestic Properties Inc 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 Plain Majestic Properties Inc?
Plain Majestic Properties Inc serves as a title-holding company for a private foundation. Its primary mission is to manage real estate financing activities. The company collects cash generated from these activities and subsequently transfers it to the Leland Fikes Foundation. This financial transactional role allows the foundation to utilize the funds for its own purposes and initiatives.
Who is the CEO of Plain Majestic Properties Inc?
Amy L Fikes is the Director of Plain Majestic Properties Inc.
What is the revenue of Plain Majestic Properties Inc?
Plain Majestic Properties Inc's revenue in 2022 was $2,626.
Who are the executives of Plain Majestic Properties Inc and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $679,678
- Related: $0
- Other: $7,659
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $343,000
- Related: $0
- Other: $25,848
- Compensation: $475,000
- Related: $0
- Other: $36,802
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Plain Majestic Properties Inc?
Plain Majestic Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Plain Majestic Properties Inc
Plain Majestic Properties Inc, serving as a title-holding company, is dedicated to managing real estate financing activities. Its primary mission is to collect cash generated from these activities and subsequently remit the funds to the Leland Fikes Foundation. In essence, Plain Majestic Properties Inc acts as a financial intermediary, channeling funds from its real estate endeavors to support the initiatives of the Leland Fikes Foundation.
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Impact
October, 2024
Plain Majestic Properties Inc significantly contributes to community improvement by serving as a title-holding company that focuses on real estate financing activities. By managing and holding the title to real estate, the organization facilitates financial activities that enable the collection of funds. This cash is then remitted to the Leland Fikes Foundation, which likely supports various community-driven initiatives and programs.
By ensuring that properties are held and managed effectively, Plain Majestic Properties Inc plays a crucial role in supporting the financial backbone of the foundation's community-focused efforts. Their work not only helps stabilize property investments but also ensures that resources are available for community improvement projects, thereby enhancing the overall well-being of the areas they serve in Dallas, TX. Through these activities, they contribute to the broader mission of fostering positive change within the community.
This information is meant to be a general summary of Plain Majestic Properties Inc. 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: $2,626
Assets and Liabilities:
- Total Assets: $1,192,442
- Total Liabilities: $0
- Net Assets: $1,192,442
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Organization Details
Founding Year
1988
Phone
(214) 220-1011Principal Officer
Amy L Fikes
Main Address
3161 WEBB AVE, DALLAS, TX, 75205
NTEE Category
Code: S47 - Community improvement
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