Overview
What is Cat Nms Llc?
Cat Nms Llc is a limited liability company, now operating under tax-exempt status as per Section 501(C)(6) of the Code, based in New York, New York. Following an amended agreement in April 2020, its primary focus shifted to resolving a dispute with Thesys Cat LLC concerning the Plan Processor Agreement for the creation, implementation, and maintenance of their respective plans. Additionally, the company has the authority to engage in any other legitimate activities that support this purpose, provided they do not violate applicable laws. While the information suggests that no program services were undertaken during the current year, the organization's mission and activities remain undisclosed in the provided details.
Official website here: www.catnmsplan.com
Is Cat Nms Llc legitimate?
Cat Nms Llc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Cat Nms 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.catnmsplan.com
What is the mission statement of Cat Nms Llc?
As of April 14, 2020, Cat Nms Llc's mission has been amended to include two primary tasks. Firstly, it aims to resolve the dispute between the company and Thesys Cat LLC regarding the Plan Processor Agreement. This agreement was signed in 2017, making Thesys Cat LLC the plan processor for the creation, implementation, and maintenance of Cat Nms Llc's services under SEC Rules 608 and 613. Secondly, Cat Nms Llc has the flexibility to engage in any other business or activity that aligns with its original purpose and is not prohibited by relevant laws, such as the Delaware Act or the Exchange Act. This scope allows the company to act in a manner that is both advisable and convenient, while maintaining its tax-exempt status under Section 501(C)(6) of the Code.
Official website here: www.catnmsplan.com
Who is the CEO of Cat Nms Llc?
Michael Simon is the Operating Committee Member of Cat Nms Llc.
Official website here: www.catnmsplan.com
What is the revenue of Cat Nms Llc?
Cat Nms Llc's revenue in 2020 was $6,303,484.
Official website here: www.catnmsplan.com
Who are the executives of Cat Nms Llc and what are their salaries?
Here are 8 key members and their salaries:
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- Compensation: $38,315
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Official website here: www.catnmsplan.com
Where can I find the form 990 for Cat Nms Llc?
Cat Nms Llc's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.catnmsplan.com
Learn more at the official website: www.catnmsplan.com
Mission Statement of Cat Nms Llc
Cat Nms Llc, as per the amended and restated agreement effective April 14, 2020, has a mission to engage in various activities. Primarily, the company will be involved in resolving a dispute between it and Thesys Cat LLC regarding the Plan Processor Agreement. This agreement, signed in April 2017, had Thesys Cat LLC serving as the plan processor for the creation, implementation, and maintenance of Cat, in line with SEC Rules 608 and 613.
Beyond this specific dispute resolution, Cat Nms Llc also retains the right to engage in any other business or activity that may be necessary, incidental, proper, advisable, or convenient to accomplish this primary purpose. These additional activities must not be prohibited by the Delaware Act, the Exchange Act, or other applicable laws and must be consistent with tax-exempt status under Section 501(c)(6) of the Code. The company is granted all the powers and rights conferred upon limited liability companies formed pursuant to the Delaware Act.
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Impact
October, 2024
Cat Nms LLC focuses on addressing and resolving significant regulatory and operational disputes within its industry. Primarily, it engages in defense and resolution activities related to a conflict with Thesys CAT LLC regarding a plan processor agreement. This agreement is pivotal as it involves the creation, implementation, and maintenance of critical infrastructure under SEC regulations pertaining to the Consolidated Audit Trail (CAT).
The efforts of Cat Nms LLC aim to ensure compliance with SEC rules, which are crucial for maintaining the integrity and efficiency of market operations. By actively resolving industry disputes and striving for effective collaboration, the organization contributes to community improvement by enhancing regulatory clarity and stability in financial markets. This, in turn, supports a more transparent and accountable financial system, benefiting all stakeholders involved in the market.
While no program services were reported for the current year, the company's mission and activities reflect a commitment to essential regulatory dispute resolution, which holds broader implications for the financial ecosystem and the community at large.
This information is meant to be a general summary of Cat Nms 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 2020.
- Investment Income: $3,484
- Program Service Revenue: $6,300,000
- Gross Receipts: $6,303,484
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPANT FEES
Revenue
$6,300,000
Organization Details
Founding Year
2016
Phone
(888) 696-3348Principal Officer
Michael Simon
Main Address
CO ANCHIN 1375 BROADWAY, NEW YORK, NY, 10018
Website
www.catnmsplan.comNTEE Category
Code: S41 - Community improvement
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