Overview
What is Waverley Holding Company?
Waverley Holding Company is a nonprofit organization situated in Galveston, Texas. Its primary role is to manage and maintain property assets, generating income from these properties. The collected income, after deducting expenses, is then transferred in its entirety to the Sealy & Smith Foundation. Douglas G Rogers oversees the operations of this organization, ensuring the seamless execution of its mission.
Is Waverley Holding Company legitimate?
Waverley Holding Company is a legitimate nonprofit organization registered as a 501(c)(2) entity. Waverley Holding Company 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 Waverley Holding Company?
Waverley Holding Company's primary mission is to manage property and generate income from it. The company then transfers the entire income, after deducting expenses, to the Sealy & Smith Foundation. This financial transfer is a crucial part of Waverley Holding Company's role, serving as a conduit to support the foundation's activities and causes. While the company's focus is primarily on property management and income generation, its ultimate objective is to contribute to the Sealy & Smith Foundation's mission through its financial contributions.
What is the revenue of Waverley Holding Company?
Waverley Holding Company's revenue in 2023 was $646,378.
Who are the executives of Waverley Holding Company and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $72,000
- Other: $0
- Compensation: $0
- Related: $72,000
- Other: $0
- Compensation: $0
- Related: $72,000
- Other: $0
- Compensation: $0
- Related: $72,000
- Other: $0
- Compensation: $0
- Related: $72,000
- Other: $0
- Compensation: $0
- Related: $72,000
- Other: $0
- Compensation: $0
- Related: $395,429
- Other: $54,059
- Compensation: $0
- Related: $169,834
- Other: $32,458
- Compensation: $0
- Related: $117,796
- Other: $21,388
Where can I find the form 990 for Waverley Holding Company?
Waverley Holding Company's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Waverley Holding Company
Waverley Holding Company, as a mission-driven entity, is primarily focused on holding title to property and generating income from it. This organization then meticulously subtracts any related expenses before transferring the remaining amount entirely to the Sealy & Smith Foundation. In essence, Waverley Holding Company serves as a financial intermediary, ensuring that the Sealy & Smith Foundation receives a steady stream of funds derived from its property holdings. By fulfilling this role, Waverley Holding Company contributes to the philanthropic efforts of the Sealy & Smith Foundation, potentially supporting various charitable causes and initiatives.
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Impact
October, 2024
Waverley Holding Company significantly contributes to the local community through its strategic management of property assets. By holding title to various properties and efficiently collecting income from them, the company plays a crucial role in supporting the Sealy & Smith Foundation. The funds generated, after covering necessary expenses, are directed entirely to the foundation, enabling it to further its mission of community improvement.
This structured approach not only ensures financial sustainability for the foundation but also fosters local development initiatives in Galveston, TX. With leadership under Douglas G Rogers, Waverley Holding Company effectively bridges property management and philanthropic efforts, enhancing the impact of the Sealy & Smith Foundation’s programs on community well-being.
This information is meant to be a general summary of Waverley Holding Company. 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 2023.
- Investment Income: $75,709
- Gross Receipts: $1,550,095
Assets and Liabilities:
- Total Assets: $20,328,609
- Total Liabilities: $2,627,050
- Net Assets: $17,701,559
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Organization Details
Founding Year
1994
Principal Officer
Douglas G Rogers
NTEE Category
Code: S47 - Community improvement
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