Overview
What is Scvcoa Supporters Llc?
Scvcoa Supporters LLC is a nonprofit entity situated in Santa Clarita, California. Its primary function is to manage property titles and collect associated income. Upon covering expenses and reasonable reserves, the company then transfers the remaining funds to its affiliated corporation, Scvcoa, Inc. The organization's role is crucial in supporting Scvcoa Inc. by providing financial backing through property holdings and income collection.
Is Scvcoa Supporters Llc legitimate?
Scvcoa Supporters Llc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Scvcoa Supporters Llc 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 Scvcoa Supporters Llc?
Scvcoa Supporters LLC is established with a specific purpose. It operates to solely hold title to property, collect income, and subsequently transfer the remaining funds, after accounting for expenses and reasonable reserves, to its affiliated corporation, Scvcoa Inc. The primary role of Scvcoa Supporters LLC is to serve as a financial intermediary for its member corporation. While it does not have a traditional mission statement in the sense of promoting societal goals, its function is critical in supporting the activities of Scvcoa Inc.
Who is the CEO of Scvcoa Supporters Llc?
Unavailable
What is the revenue of Scvcoa Supporters Llc?
Scvcoa Supporters Llc's revenue in 2022 was -$319,275.
Who are the executives of Scvcoa Supporters Llc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Scvcoa Supporters Llc?
Scvcoa Supporters Llc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Scvcoa Supporters Llc
Scvcoa Supporters LLC is a organization with a specific mission. It is established and operates solely for the purpose of holding title to property, collecting income, and then transferring the entire amount, after deducting expenses and reasonable reserves, to its member corporation, Scvcoa, Inc. In simpler terms, Scvcoa Supporters LLC serves as a financial intermediary, managing property assets and generating income, which it then distributes to its affiliated organization, Scvcoa, Inc. This arrangement allows Scvcoa, Inc. to focus on its primary objectives without the need to manage property-related financial matters.
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Impact
October, 2024
Scvcoa Supporters LLC plays a significant role in the economic landscape of Santa Clarita, California, by holding title to property and managing income generation. Through its operations, the organization ensures that funds collected—after accounting for reasonable expenses and reserves—are directed to its member corporation, SCVCOA, Inc. This financial structure supports the community by facilitating resources that can be reinvested into various programs and initiatives run by SCVCOA, Inc.
By effectively managing property and income, Scvcoa Supporters LLC strengthens the financial foundation of its member corporation, enabling SCVCOA, Inc. to focus on its mission and deliver services that benefit the local community. This synergy not only optimizes the utilization of resources but also improves the overall impact of community-focused activities, thereby contributing positively to the social and economic fabric of Santa Clarita.
This information is meant to be a general summary of Scvcoa Supporters Llc. 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.
- Investment Income: $1
- Gross Receipts: $16,501
Assets and Liabilities:
- Total Assets: $12,828,183
- Total Liabilities: $0
- Net Assets: $12,828,183
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Organization Details
Founding Year
2015
Phone
(661) 259-5606Main Address
27180 GOLDEN VALLEY ROAD, SANTA CLARITA, CA, 91350
NTEE Category
Code: Y11 - Mutual benefit
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