Overview
What is Mlt Holdings Inc?
Mlt Holdings Inc is a nonprofit organization based in Kaunakakai, Hawaii, with a specific mission to provide support and financial assistance exclusively for the benefit of Molokai Land Trust. The organization's primary goal is to contribute to the preservation and upkeep of the land trust, ensuring its continued prosperity for the community of Molokai. The exact nature of the support and assistance offered remains unspecified, but it is clear that Mlt Holdings Inc is dedicated to promoting the well-being of this land trust for the betterment of the Molokai community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
MLT Holdings Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating that there are areas requiring attention, particularly regarding financial management. The overall score is 72%, with a perfect score in the Accountability & Finance category, showcasing its strong governance practices, including a high percentage of independent board members and the absence of material diversion of assets.
However, the organization has notable shortcomings that impact its rating. The lack of a Document Retention and Destruction policy and missing tax forms on its website have resulted in lost points. Additionally, the liabilities to assets ratio is concerning at 105.17%, suggesting potential financial instability.
While MLT Holdings Inc demonstrates a commitment to accountability through its governance structures, addressing these limitations will be crucial for improving its overall rating and ensuring long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Mlt Holdings Inc legitimate?
Mlt Holdings Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mlt Holdings Inc 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
For more financial information, click here
What is the mission statement of Mlt Holdings Inc?
Mlt Holdings Inc's mission is centered around providing support and financial assistance, with the sole purpose of benefiting the Molokai Land Trust. This organization is dedicated to aiding this trust, with the ultimate goal of preserving and maintaining the land for future generations. By offering financial aid, they aim to ensure the trust's sustainability and the continued protection of the land it oversees.
Who is the CEO of Mlt Holdings Inc?
William Haase is the President of Mlt Holdings Inc.
What is the revenue of Mlt Holdings Inc?
Mlt Holdings Inc's revenue in 2022 was $22,994.
Who are the executives of Mlt Holdings Inc and what are their salaries?
There 5 volunteers at Mlt Holdings Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $90,000
- Other: $8,506
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Mlt Holdings Inc?
Mlt Holdings Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mlt Holdings Inc
Mlt Holdings Inc, a non-profit organization, is dedicated to providing support and financial assistance exclusively for the benefit of Molokai Land Trust. The primary mission of this organization is to ensure the preservation and protection of the land, as the Molokai Land Trust is its sole beneficiary. By offering financial aid and other forms of support, Mlt Holdings Inc aims to secure the future of this land trust, thereby preserving the unique environment and cultural heritage it represents.
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Impact
June, 2024
Mlt Holdings Inc's impact is focused on providing support and financial assistance exclusively for the benefit of Molokai Land Trust in Kaunakakai, HI. Their mission revolves around ensuring the preservation and protection of the environment, particularly the land under the care of Molokai Land Trust. By offering crucial resources and funding, Mlt Holdings Inc plays a vital role in helping the Molokai Land Trust fulfill its conservation objectives and safeguard the natural heritage of the area. Their efforts contribute to maintaining the ecological balance and sustainability of the land, ultimately benefiting the community and the environment as a whole.
This information is meant to be a general summary of Mlt Holdings Inc. 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.
- Program Service Revenue: $22,994
- Gross Receipts: $22,994
Assets and Liabilities:
- Total Assets: $6,552,147
- Total Liabilities: $6,790,000
- Net Assets: -$237,853
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$22,994
Organization Details
Founding Year
2017
Phone
(808) 553-5626Principal Officer
William Haase
Main Address
PO BOX 1884, KAUNAKAKAI, HI, 96748
NTEE Category
Code: C11 - Environment
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