Overview
What is Hayes- Velhage Post No 96 Holding Co?
Hayes-Velhage Post No 96 Holding Co is a nonprofit organization based in West Hartford, Connecticut. Its primary role is to manage and oversee property assets, generating income. The organization's main objective is to transfer the net profits gained from these assets to another nonprofit entity, Hayes Velhage Post 96, a 501 C-19 organization. The latter utilizes these funds to support various community initiatives, such as sports programs and community services. The Holding Company performs its duty as a title holder, collecting income and distributing it to its affiliated nonprofit organization for the betterment of the local community.
Official website here: www.post96.org
Is Hayes- Velhage Post No 96 Holding Co legitimate?
Hayes- Velhage Post No 96 Holding Co is a legitimate nonprofit organization registered as a 501(c)(2) entity. Hayes- Velhage Post No 96 Holding Co 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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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.post96.org
What is the mission statement of Hayes- Velhage Post No 96 Holding Co?
The Hayes-Velhage Post No 96 Holding Company is established with the primary objective of managing property assets. The company collects income generated from these properties and subsequently transfers the net profits to the Hayes-Velhage Post 96 American Legion, a 501(C)(19) organization. This transfer of funds is aimed at supporting the exempt purposes of the American Legion Post 96, which encompass various community services and activities such as baseball. The Holding Company's role is essentially to serve as a financial intermediary, ensuring the American Legion Post 96 can continue its charitable and community-focused endeavors.
Official website here: www.post96.org
Who is the CEO of Hayes- Velhage Post No 96 Holding Co?
Maurice Fradette is the Presidentdirector of Hayes- Velhage Post No 96 Holding Co.
Official website here: www.post96.org
What is the revenue of Hayes- Velhage Post No 96 Holding Co?
Hayes- Velhage Post No 96 Holding Co's revenue in 2023 was $92,364.
Official website here: www.post96.org
Who are the executives of Hayes- Velhage Post No 96 Holding Co and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.post96.org
Where can I find the form 990 for Hayes- Velhage Post No 96 Holding Co?
Hayes- Velhage Post No 96 Holding Co's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.post96.org
Learn more at the official website: www.post96.org
Mission Statement of Hayes- Velhage Post No 96 Holding Co
Hayes-Velhage Post No 96 Holding Company is an organization with a specific mission. Established for the exclusive purpose of holding title to property, its primary role is to collect income generated from this property. This income, following due process, is then transferred to Hayes Velhage Post 96, a separate entity operating under section 501(C)(19). This recipient organization, in turn, utilizes the funds to further its exempt purposes. These exempt purposes encompass various activities, such as community services and baseball-related initiatives. The Holding Company's mission, therefore, is to serve as a financial intermediary, supporting its affiliated organization in its pursuit of exempt objectives.
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Impact
October, 2024
Hayes-Velhage Post No 96 Holding Co significantly impacts the local community by supporting the activities and missions of the American Legion Hayes Velhage Post 96 in West Hartford, CT. By holding title to property and managing income generated from it, the Holding Co ensures that resources are available to fund various community services and baseball programs, vital to local engagement and youth development.
The net income collected is not retained for profit but is channeled directly into initiatives that enhance community improvement and foster a sense of camaraderie among veterans and residents. This financial support helps sustain events and services that promote civic responsibility, community involvement, and veteran welfare, thereby enriching the quality of life in West Hartford and supporting the broader mission of the American Legion.
This information is meant to be a general summary of Hayes- Velhage Post No 96 Holding Co. 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.
- Gross Receipts: $264,239
Assets and Liabilities:
- Total Assets: $1,512,814
- Total Liabilities: $56,821
- Net Assets: $1,455,993
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Organization Details
Founding Year
2017
Phone
(860) 233-9029Principal Officer
Maurice Fradette
Main Address
PO Box 370160, West Hartford, CT, 061370160
Website
www.post96.orgNTEE Category
Code: S47 - Community improvement
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