Overview
What is 2303 Crestmoor Inc?
2303 Crestmoor Inc is a nonprofit organization established primarily to support the Robert & Jenny Kirkland Foundation. Its main function involves holding the title to a specific commercial property, generating income from it, and then transferring the total earnings, after deducting expenses, to the aforementioned foundation. The property in question, located at 2303 Crestmoor Road, Nashville, Tennessee, was acquired on June 30, 2017, and remains unleased as of now. The management of this property is entrusted to the officers and directors of the Robert E. & Jenny D. Kirkland Foundation.
Is 2303 Crestmoor Inc legitimate?
2303 Crestmoor Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. 2303 Crestmoor 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
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What is the mission statement of 2303 Crestmoor Inc?
2) The mission of 2303 Crestmoor Inc, as a subsidiary entity, is to support the operations of the Robert E. & Jenny D. Kirkland Foundation. It accomplishes this by managing a piece of commercial property, generating income from it, and then transferring the net earnings to the foundation, which operates under the tax-exempt status of IRS Section 501(C)(3). The property, which has remained unoccupied since its acquisition in 2017, serves as a vital source of financial resources for the foundation, enabling it to carry out its charitable objectives.
What is the revenue of 2303 Crestmoor Inc?
2303 Crestmoor Inc's revenue in 2023 was $211,469.
Who are the executives of 2303 Crestmoor Inc and what are their salaries?
Here are 3 key members and their salaries:
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for 2303 Crestmoor Inc?
2303 Crestmoor Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of 2303 Crestmoor Inc
2303 Crestmoor Inc, as a supporting entity, is primarily dedicated to aiding the Robert E. & Jenny D. Kirkland Foundation, a tax-exempt nonprofit organization under IRS Section 501(c)(3). The mission of 2303 Crestmoor Inc is to manage a commercial property, located at 2303 Crestmoor Road, Nashville, Tennessee, which it acquired on June 30, 2017. The corporation collects income from this property and then transfers the entire amount, minus expenses, to the Kirkland Foundation. In essence, 2303 Crestmoor Inc serves as a financial intermediary, utilizing its property management role to support the philanthropic pursuits of the Robert E. & Jenny D. Kirkland Foundation.
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Impact
October, 2024
2303 Crestmoor Inc plays a crucial role in managing and supporting philanthropic efforts through its property holdings. By acquiring and overseeing commercial real estate at 2303 Crestmoor Road in Nashville, the organization facilitates a steady flow of income that directly benefits the Robert E. and Jenny D. Kirkland Foundation. This income, after covering necessary expenses, is directed to the foundation, enhancing its capacity to fulfill its mission.
The acquisition of the property in June 2017 marks a strategic investment in supporting charitable operations while maintaining ownership and management within a structure that aligns with the foundation’s goals. As the property has not been leased to any occupants, it serves as a stable asset intended to generate revenue solely for philanthropic purposes.
Through its activities, 2303 Crestmoor Inc not only provides financial resources for charitable initiatives but also contributes to the broader landscape of philanthropy within the community. Its operational focus ensures that the foundation can effectively continue its mission-driven work, fostering a positive impact on the needs and challenges faced by various beneficiaries.
This information is meant to be a general summary of 2303 Crestmoor 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 2023.
- Program Service Revenue: $211,469
- Gross Receipts: $211,469
Assets and Liabilities:
- Total Assets: $3,241,271
- Total Liabilities: $0
- Net Assets: $3,241,271
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
2303 CRESTMOOR
Revenue
$211,469
Organization Details
Founding Year
2017
Principal Officer
Christopher Kirkland
NTEE Category
Code: T11 - Philanthropy
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