Overview
What is Lccc Title Holding Inc?
Lccc Title Holding Inc is a nonprofit organization situated in Lancaster, Pennsylvania, with its headquarters at 115 East King Street. The primary function of this organization is to manage the title to the property belonging to the Foundation of the Lancaster Chamber. In compliance with the rules governing title-holding companies that are exempt under Internal Revenue Code 501(C)(2), Lccc Title Holding Inc circulates its annual net income to the Foundation of the Lancaster Chamber. In essence, the organization serves as a title custodian, collecting income generated from the property and distributing it to the Foundation.
Is Lccc Title Holding Inc legitimate?
Lccc Title Holding Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Lccc Title Holding 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 Lccc Title Holding Inc?
Lccc Title Holding Inc's primary mission is to manage the property titles on behalf of The Foundation of the Lancaster Chamber. The organization collects income from these properties and, after deducting expenses, distributes the remaining income annually to the foundation. In essence, Lccc Title Holding Inc serves as a financial intermediary, supporting the operations of The Foundation of the Lancaster Chamber by managing its property-related income.
Who is the CEO of Lccc Title Holding Inc?
Heather Valudes is the Exec. Director/Pres. (Until 6/22) of Lccc Title Holding Inc. The CEO's salary of Lccc Title Holding Inc is $0 and their total compensation is $169,001.
What is the revenue of Lccc Title Holding Inc?
Lccc Title Holding Inc's revenue in 2022 was $34,435.
Who are the executives of Lccc Title Holding Inc and what are their salaries?
There 13 volunteers at Lccc Title Holding Inc.
Here are 7 key members and their salaries (Lccc Title Holding Inc's CEO's salary is $0 and their total compensation is $169,001):
- Compensation: $0
- Related: $138,339
- Other: $28,508
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $137,333
- Other: $31,668
- Compensation: $0
- Related: $77,251
- Other: $20,626
- Compensation: $0
- Related: $52,836
- Other: $18,880
Where can I find the form 990 for Lccc Title Holding Inc?
Lccc Title Holding Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lccc Title Holding Inc
Lccc Title Holding Inc, as its mission statement suggests, is primarily responsible for holding the title to the property owned by the Foundation of the Lancaster Chamber. The organization's primary role is to collect the income derived from this property and subsequently distribute this income, after deducting expenses, to the Foundation annually. In essence, Lccc Title Holding Inc serves as a financial intermediary, ensuring the Foundation of the Lancaster Chamber benefits from the revenue generated from its property holdings. This arrangement is in line with the rules governing title-holding companies that are exempt under Internal Revenue Code 501(C)(2).
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Impact
October, 2024
Lccc Title Holding Inc plays a crucial role in supporting the Foundation of the Lancaster Chamber by managing and holding the title to its property. This organization facilitates the collection of income generated from the property and ensures that the net income, after covering expenses, is distributed back to the foundation on an annual basis.
By effectively managing these assets, Lccc Title Holding Inc not only supports the financial health of the Foundation of the Lancaster Chamber but also bolsters community improvement initiatives. Its work directly contributes to sustaining the foundation’s programs and services that benefit the Lancaster community, enhancing local development and fostering a thriving economic environment. The alignment with Internal Revenue Code 501(c)(2) further underscores its commitment to operating in a manner that supports the broader mission of community advancement.
This information is meant to be a general summary of Lccc Title Holding 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.
- Investment Income: $34,435
- Gross Receipts: $34,435
Assets and Liabilities:
- Total Assets: $4,504,941
- Total Liabilities: $950,033
- Net Assets: $3,554,908
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Organization Details
Founding Year
2017
Phone
(717) 397-3531Principal Officer
Heather Valudes
Main Address
115 EAST KING STREET, LANCASTER, PA, 17602
NTEE Category
Code: S47 - Community improvement
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