Overview
What is Greater Wharton County Holdings Corporation?
Greater Wharton County Holdings Corporation is a nonprofit organization established for a specific purpose. It holds property titles and collects income derived from these properties. The corporation's primary objective is to transfer the entire income, after deducting expenses, to another organization that is exempt under the Internal Revenue Code section 501(A). This nonprofit's role is essentially to act as a financial intermediary, channeling income to another tax-exempt organization.
Is Greater Wharton County Holdings Corporation legitimate?
Greater Wharton County Holdings Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Greater Wharton County Holdings Corporation 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
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What is the mission statement of Greater Wharton County Holdings Corporation?
The Greater Wharton County Holdings Corporation is established with a specific purpose. Its primary objective is to hold property titles and generate income from these properties. This corporation then transfers the entire income, after deducting expenses, to an organization that falls under the exempt category of the Internal Revenue Code Section 501(a). This organization utilizes the funds for its charitable activities. The role of the Greater Wharton County Holdings Corporation is to support such exempt organizations by providing them with financial resources.
Who is the CEO of Greater Wharton County Holdings Corporation?
Leon Frier is the President of Greater Wharton County Holdings Corporation.
What is the revenue of Greater Wharton County Holdings Corporation?
Greater Wharton County Holdings Corporation's revenue in 2022 was $0.
Who are the executives of Greater Wharton County Holdings Corporation and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Greater Wharton County Holdings Corporation?
Greater Wharton County Holdings Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Greater Wharton County Holdings Corporation
Greater Wharton County Holdings Corporation is an organization with a specific purpose. Its primary objective is to hold title to property and collect income derived from it. This corporation operates with the intention of then transferring the entire income earned, after subtracting expenses, to another organization that is exempt under Internal Revenue Code Section 501(a). In simpler terms, Greater Wharton County Holdings Corporation serves as a financial intermediary, generating income through property ownership and then donating the net proceeds to a tax-exempt organization.
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Impact
October, 2024
Greater Wharton County Holdings Corporation has a significant impact on the local community and its development. By acquiring and managing properties, the organization plays a vital role in stabilizing and enhancing the economic landscape of Wharton, Texas. The income generated from these properties is strategically funneled to support other exempt organizations, which likely engage in community improvement initiatives. This creates a ripple effect that can lead to enhanced public services, increased funding for local programs, and improved quality of life for residents. Moreover, by focusing on the responsible management of assets, the corporation helps foster sustainable growth and reinvestment in the community, ultimately contributing to a stronger and more resilient local economy.
This information is meant to be a general summary of Greater Wharton County Holdings Corporation. 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.
Assets and Liabilities:
- Total Assets: $727,936
- Total Liabilities: $0
- Net Assets: $727,936
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Organization Details
Founding Year
2017
Phone
(979) 532-3224Principal Officer
Leon Frier
Main Address
PO BOX 332, WHARTON, TX, 77488
NTEE Category
Code: S20 - Community improvement
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