Overview
What is Wra Building Corporation?
Wra Building Corporation is a nonprofit entity based in Greeley, Colorado, primarily known for owning and managing the land and facilities used by West Ridge Charter Academy. They collect lease income from the school and are responsible for servicing the tax-exempt debt that was initially incurred to construct the school facilities. The corporation's primary mission revolves around ensuring the timely repayment of this debt, ensuring the long-term sustainability of the educational facilities for West Ridge Charter Academy.
Is Wra Building Corporation legitimate?
Wra Building Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wra Building 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 Wra Building Corporation?
Wra Building Corporation is primarily focused on managing the debt associated with constructing school facilities, which are leased to West Ridge Academy, a Colorado charter school. The corporation's mission is to ensure that the lease income generated from West Ridge Academy is sufficient to cover the debt payments on the tax-exempt loans used to build the facilities, until the debt is fully paid off. In essence, the corporation's role is to administer the debt service for the tax-exempt debt, with the funds obtained from this debt used for constructing school facilities that are now occupied by West Ridge Charter Academy.
Who is the CEO of Wra Building Corporation?
Kenneth Dyer is the Member of Wra Building Corporation.
What is the revenue of Wra Building Corporation?
Wra Building Corporation's revenue in 2020 was $644,877.
Who are the executives of Wra Building Corporation and what are their salaries?
There 4 volunteers at Wra Building Corporation.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Wra Building Corporation?
Wra Building Corporation's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Wra Building Corporation
Wra Building Corporation, as outlined in the provided information, is a corporation with a distinct mission. Primarily, it is responsible for managing the debt acquired to construct school facilities that are leased to West Ridge Academy, a Colorado local government charter school. The corporation's role involves ensuring that the lease income generated from the school is sufficient to service this debt until it is fully repaid. In essence, Wra Building Corporation administers the debt service on tax-exempt debt, the proceeds of which were utilized to construct the facilities occupied by West Ridge Charter Academy, a governmental entity. This mission is crucial in ensuring the sustainability of the educational facilities, thereby enabling West Ridge Academy to provide quality education to its students.
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Impact
October, 2024
Wra Building Corporation plays a crucial role in supporting educational infrastructure in Greeley, Colorado. By owning and managing school facilities, the corporation ensures that West Ridge Academy, a local charter school, operates in an environment conducive to learning. The corporation collects lease income from the school, which is essential for servicing the tax-exempt debt incurred to construct these facilities.
This structured financial arrangement enables West Ridge Academy to focus on delivering quality education without the burdens of property management or significant debt obligations. As a result, the corporation effectively contributes to the educational landscape by maintaining the physical spaces necessary for academic success, fostering a setting where students can thrive. Overall, Wra Building Corporation enhances the educational opportunities available within the community, reinforcing the importance of accessible and well-equipped learning environments.
This information is meant to be a general summary of Wra Building 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 2020.
- Investment Income: $34,757
- Program Service Revenue: $610,120
- Gross Receipts: $644,877
Assets and Liabilities:
- Total Assets: $18,431,690
- Total Liabilities: $11,053,232
- Net Assets: $7,378,458
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Organization Details
Phone
(970) 330-3671Principal Officer
Kenneth Dyer
Main Address
6905 8TH ST, GREELEY, CO, 80634
NTEE Category
Code: B11 - Education
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