Overview
What is Live Oak Classical Properties?
Live Oak Classical Properties is a nonprofit organization established primarily to serve as a title-holding entity for Live Oak Classical School. Located in Waco, Texas, this organization's primary mission is to manage the ownership of real estate intended for the school's use. The organization collects rental income generated from Live Oak Classical School and makes necessary payments to lenders for the real property notes. After covering expenses, the remaining income is transferred to the school. The organization's role is crucial in ensuring the school has secure title to its real property, thereby facilitating its operations.
Official website here: www.none
Is Live Oak Classical Properties legitimate?
Live Oak Classical Properties is a legitimate nonprofit organization registered as a 501(c)(2) entity. Live Oak Classical Properties 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:
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Official website here: www.none
What is the mission statement of Live Oak Classical Properties?
Live Oak Classical Properties serves as a title-holding organization for Live Oak Classical School. Its primary mission is to maintain ownership of the real property used by the school. The organization collects rental income from the school and makes payments to lenders on the real property notes. The remaining income, after deducting expenses, is then transferred to Live Oak Classical School. In essence, Live Oak Classical Properties acts as a financial intermediary, facilitating the smooth operation of the school by managing its property-related finances.
Official website here: www.none
What is the revenue of Live Oak Classical Properties?
Live Oak Classical Properties's revenue in 2024 was $556,760.
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Who are the executives of Live Oak Classical Properties and what are their salaries?
Here are 4 key members and their salaries:
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Official website here: www.none
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Mission Statement of Live Oak Classical Properties
Live Oak Classical Properties, as a title-holding organization, is primarily dedicated to serving Live Oak Classical School. Its mission is to secure the title to real property, providing a solid foundation for the school's operations. This role allows Live Oak Classical Properties to collect rental income from the school, and subsequently, remit payments to lenders on real property notes. The organization's ultimate goal is to manage these financial aspects effectively, ensuring that the income, less expenses, is subsequently transferred to Live Oak Classical School. In essence, Live Oak Classical Properties acts as a financial steward, providing the necessary support to enable Live Oak Classical School to focus on its educational mission without the burden of property management and financing concerns.
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Impact
October, 2024
Live Oak Classical Properties plays a crucial role in supporting the educational infrastructure of Live Oak Classical School by holding the title to the real estate utilized by the school. By managing property ownership, Live Oak Classical Properties facilitates a stable operational environment for the school, allowing it to focus on delivering quality education.
The organization generates rental income from the school, which not only helps cover loan payments on the property but also ensures that funds are available to support the school’s activities and needs. This financial structure directly contributes to the sustainability and growth of the school, ultimately enhancing educational opportunities within the community of Waco, TX.
Through its strategic financial management and property oversight, Live Oak Classical Properties has a significant impact on community improvement by fostering a stable and nurturing environment for education, thereby enriching the lives of students and families in the area.
This information is meant to be a general summary of Live Oak Classical Properties. 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 2024.
- Program Service Revenue: $556,760
- Gross Receipts: $556,760
Assets and Liabilities:
- Total Assets: $12,327,411
- Total Liabilities: $972,097
- Net Assets: $11,355,314
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$340,640
TRANSFERS FROM LOCF
Revenue
$216,120
Organization Details
Founding Year
2015
Principal Officer
Alison Moffatt
Website
www.noneNTEE Category
Code: S47 - Community improvement
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