Overview
What is Madam Walker Building Corporation?
Madam Walker Building Corporation is a nonprofit organization that primarily serves as a property holder and income collector. Located at 617 Indiana Avenue, Indianapolis, IN 46202, their primary function is to manage real estate properties, collecting income generated from these properties. After covering operational expenses, the corporation then transfers the remaining amount to MWLC, adhering to the guidelines set by Code Section 501(C)(2). While their main focus is property management and income distribution, they contribute to the community in this capacity.
Is Madam Walker Building Corporation legitimate?
Madam Walker Building Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Madam Walker Building 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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What is the mission statement of Madam Walker Building Corporation?
The Madam Walker Building Corporation's primary function is to hold title to property and collect income generated from it. This income, after deducting expenses, is then transferred in its entirety to MWLC, adhering to the guidelines set by section 501(C)(2) of the tax code. In essence, the corporation serves as a financial intermediary, managing and distributing funds for its designated beneficiary.
Who is the CEO of Madam Walker Building Corporation?
Kristian Stricklen is the President of Madam Walker Building Corporation.
What is the revenue of Madam Walker Building Corporation?
Madam Walker Building Corporation's revenue in 2022 was $101,000.
Who are the executives of Madam Walker Building Corporation 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 Madam Walker Building Corporation?
Madam Walker Building Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Madam Walker Building Corporation
Madam Walker Building Corporation is a nonprofit organization that is primarily focused on managing property and generating income. This income is then channeled towards Madam Walker Leadership and College Fund (MWLC), after deducting any necessary expenses, as per the guidelines of Code Section 501(C)(2). In essence, the corporation serves as a financial intermediary, using its property holdings to generate revenue and subsequently contribute to the MWLC's resources. This mission allows the Madam Walker Building Corporation to contribute financially to the educational and leadership advancement of individuals, thereby contributing to societal growth and development.
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Impact
October, 2024
Madam Walker Building Corporation plays a significant role in preserving and enhancing the cultural and historical legacy of the Madam C.J. Walker building and surrounding areas in Indianapolis. By holding title to property and managing its associated income, the Corporation ensures that funds are reinvested into community-focused initiatives and the upkeep of heritage sites. This not only fosters a sense of pride and ownership within the community but also promotes economic development through the strategic use of real estate assets. Furthermore, by channeling resources to the Madam Walker Legacy Center, the Corporation supports programming that aligns with the legacy of Madam C.J. Walker, encouraging entrepreneurship, education, and the arts among the local population. In doing so, it reinforces the narrative of empowerment and progress that Walker herself championed, helping to uplift and sustain the African American community in Indianapolis.
This information is meant to be a general summary of Madam Walker Building 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.
- Program Service Revenue: $101,000
- Gross Receipts: $101,000
Assets and Liabilities:
- Total Assets: $14,237,183
- Total Liabilities: $9,749,848
- Net Assets: $4,487,335
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BUILDING RENT
Revenue
$101,000
Organization Details
Founding Year
2020
Phone
(317) 236-2099Principal Officer
Kristian Stricklen
Main Address
617 INDIANA AVENUE, INDIANAPOLIS, IN, 46202
NTEE Category
Code: L20 - Housing
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