Overview
What is Mrc Of Boutte Holdings Corp?
Mrc Of Boutte Holdings Corp is a corporation primarily established with the objective of managing property titles and generating income. The organization collects revenues from these properties and subsequently transfers the entire proceeds, after deducting expenses, to another tax-exempt entity, as per the Internal Revenue Code Section 501(A). This entity's role is to utilize the funds for charitable purposes, reflecting Mrc Of Boutte Holdings Corp's commitment to supporting exempt organizations and contributing to societal betterment.
Is Mrc Of Boutte Holdings Corp legitimate?
Mrc Of Boutte Holdings Corp is a legitimate nonprofit organization registered as a 501(c)(2) entity. Mrc Of Boutte Holdings Corp 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 Mrc Of Boutte Holdings Corp?
Mrc Of Boutte Holdings Corp is established with the sole purpose of holding property titles and generating income from them. This corporation then proceeds to transfer the entire income, after deducting expenses, to an organization that is exempt under the Internal Revenue Code Section 501(a). This organization uses the received funds for its charitable activities. In essence, Mrc Of Boutte Holdings Corp serves as a financial intermediary, providing financial support to a charitable organization.
Who is the CEO of Mrc Of Boutte Holdings Corp?
Shamira Williams is the President of Mrc Of Boutte Holdings Corp.
What is the revenue of Mrc Of Boutte Holdings Corp?
Mrc Of Boutte Holdings Corp's revenue in 2022 was -$63,626.
Who are the executives of Mrc Of Boutte Holdings Corp and what are their salaries?
Here are 3 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Mrc Of Boutte Holdings Corp?
Mrc Of Boutte Holdings Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mrc Of Boutte Holdings Corp
Mrc Of Boutte Holdings Corp is established with a specific objective. This corporation is primarily focused on holding property titles and generating income from them. The organization's mission is to collect these earnings, deducting expenses, and subsequently transfer the net amount to a charity organization that falls under the exempt category of IRC 501(A). In essence, Mrc Of Boutte Holdings Corp serves as a financial intermediary, channeling resources to non-profit organizations that meet the criteria for tax-exempt status under the Internal Revenue Code.
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Impact
October, 2024
Mrc Of Boutte Holdings Corp plays a vital role in community improvement by efficiently managing property assets in Boutte, Louisiana. By holding title to property and collecting income from these assets, the organization generates resources that support other exempt organizations, thereby amplifying its impact within the community.
The structured approach to income generation allows for the effective transfer of funds, which are used to support programs that may focus on local development, social welfare, or other initiatives aimed at enhancing community well-being. This financial support can lead to improved services and initiatives that address various local needs, contributing to a more vibrant and sustainable community.
Furthermore, the organization’s focus on property management underscores the importance of real estate in community development, enabling investments that potentially boost economic activity, enhance public spaces, and create opportunities for local residents. Overall, Mrc Of Boutte Holdings Corp serves as a conduit for resources that can significantly benefit the local area.
This information is meant to be a general summary of Mrc Of Boutte Holdings Corp. 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: -$63,626
Assets and Liabilities:
- Total Assets: $1,005,620
- Total Liabilities: $0
- Net Assets: $1,005,620
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Organization Details
Founding Year
2018
Phone
(504) 615-1375Principal Officer
Shamira Williams
Main Address
PO BOX 72, BOUTTE, LA, 70039
NTEE Category
Code: S47 - Community improvement
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