Overview
What is Grow Holdings Florida Inc?
Grow Holdings Florida Inc is a corporation that serves a unique role in the nonprofit sector. Its primary function is to own and manage property, generating income from it, and subsequently transferring the net earnings, after deducting expenses, to an organization classified as tax-exempt under the Internal Revenue Code (IRC) 501(A). This organization plays a vital role in channeling resources towards causes that qualify for tax-exempt status, thereby supporting various initiatives and projects in the community.
Is Grow Holdings Florida Inc legitimate?
Grow Holdings Florida Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Grow Holdings Florida 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 Grow Holdings Florida Inc?
Grow Holdings Florida Inc is established with the primary objective of holding property titles and collecting income generated from these properties. The corporation then transfers the entire income, after deducting expenses, to an organization that holds tax-exempt status under the Internal Revenue Code Section 501(a). This organization utilizes the funds for its charitable activities. Grow Holdings Florida Inc serves as a facilitator, channeling resources to support the mission of the exempt organization.
Who is the CEO of Grow Holdings Florida Inc?
James Boyd is the President of Grow Holdings Florida Inc.
What is the revenue of Grow Holdings Florida Inc?
Grow Holdings Florida Inc's revenue in 2023 was $201,913.
Who are the executives of Grow Holdings Florida Inc and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Grow Holdings Florida Inc?
Grow Holdings Florida Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Grow Holdings Florida Inc
Grow Holdings Florida Inc, as per its mission, is established for a singular purpose. It is organized to hold property titles and generate income from these properties. The primary objective is to subsequently transfer the entire income, less any expenses, to an organization that falls under the exempt category of Section 501(a) of the Internal Revenue Code (IRC). This corporation's role is to act as a facilitator, channeling financial resources to organizations that qualify for tax-exempt status, thereby contributing to their noble causes.
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Impact
October, 2024
Grow Holdings Florida Inc plays a crucial role in community improvement by managing property assets effectively. By holding title to various properties and generating income from them, the organization supports other exempt entities under IRC 501(a) through financial contributions. This model allows for reinvestment into community-focused initiatives, enhancing local resources and services. The operational focus on property management not only generates revenue but also contributes to the overall economic stability of the Naples, Florida area, providing a foundation for community growth and development.
This information is meant to be a general summary of Grow Holdings Florida 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.
- Investment Income: $201,913
- Gross Receipts: $201,913
Assets and Liabilities:
- Total Assets: $16,554,554
- Total Liabilities: $0
- Net Assets: $16,554,554
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Organization Details
Founding Year
2017
Phone
(239) 304-5483Principal Officer
James Boyd
Main Address
15300 TAMIAMI TRAIL N, NAPLES, FL, 34110
NTEE Category
Code: S47 - Community improvement
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