Overview
What is New Bern Shrine Club Holding Corporation?
The New Bern Shrine Club Holding Corporation is a nonprofit entity established primarily to manage and safeguard property belonging to the New Bern Shrine Club. Its primary mission involves holding title to these properties and distributing any surplus income generated from property sales or investments back to the New Bern Shrine Club. This redistribution of funds is facilitated by transferring the excess income derived from property disposals. The corporation does not appear to have any specific activities or programs beyond these property-related responsibilities as stated in the provided information.
Is New Bern Shrine Club Holding Corporation legitimate?
New Bern Shrine Club Holding Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. New Bern Shrine Club Holding Corporation submitted a form 990EZ, 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.
What is the mission statement of New Bern Shrine Club Holding Corporation?
The New Bern Shrine Club Holding Corporation's primary mission is to maintain ownership of properties belonging to the New Bern Shrine Club. Any excess income generated from the sale of these properties or investments is then transferred back to the New Bern Shrine Club. This transfer of excess income from disposal of property is a key aspect of the corporation's role.
Who is the CEO of New Bern Shrine Club Holding Corporation?
Stephen Lupton is the President of New Bern Shrine Club Holding Corporation.
What is the revenue of New Bern Shrine Club Holding Corporation?
New Bern Shrine Club Holding Corporation's revenue in 2020 was $0.
Who are the executives of New Bern Shrine Club Holding Corporation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990EZ for New Bern Shrine Club Holding Corporation?
New Bern Shrine Club Holding Corporation's most recent form 990EZ was submitted in 2020 and can be accessed here.
Mission Statement of New Bern Shrine Club Holding Corporation
The New Bern Shrine Club Holding Corporation serves a specific purpose in supporting the New Bern Shrine Club. Its mission is to maintain ownership of the property belonging to the New Bern Shrine Club and manage the excess income generated from the sale of these properties and investments. Upon disposing of any property, this corporation transfers the surplus income to the New Bern Shrine Club. By performing these tasks, the New Bern Shrine Club Holding Corporation contributes to the financial well-being of the New Bern Shrine Club, ensuring its continued operations and initiatives.
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Impact
October, 2024
New Bern Shrine Club Holding Corporation plays a significant role in supporting the New Bern Shrine Club through its property management and financial operations. By holding title to the properties owned by the Shrine Club, it ensures that the assets are effectively maintained and utilized to benefit the community.
The organization is responsible for transferring excess income generated from the sale of these properties and investments back to the Shrine Club, which directly enhances the club’s ability to provide community services and support its various initiatives. This mechanism of financial support allows the Shrine Club to further its mission of community improvement, making a positive impact in New Bern, NC.
Through the strategic management of property and resources, New Bern Shrine Club Holding Corporation effectively contributes to the overall sustainability and growth of community-focused projects, fostering a spirit of goodwill and philanthropy within the region.
This information is meant to be a general summary of New Bern Shrine Club Holding 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.
Assets and Liabilities:
- Total Assets: $5,067
- Total Liabilities: $0
- Net Assets: $5,067
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Organization Details
Phone
(252) 633-5400Principal Officer
Stephen Lupton
Main Address
PO BOX 13322, NEW BERN, NC, 28561
NTEE Category
Code: S47 - Community improvement
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