Springfield Prep Realty Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 853252010 ✦ Springfield, MA ✦ Designated as a 501(c)(3)

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Overview

What is Springfield Prep Realty Inc?

Springfield Prep Realty Inc is a nonprofit organization located at 2071 Roosevelt Ave, Springfield, Massachusetts. Its primary mission is to support Springfield Preparatory Charter School by acquiring, developing, managing, and leasing real estate. This allows the school to offer educational services in Springfield, Massachusetts, thereby contributing to the community's educational landscape. The organization's activities are geared towards ensuring the school has adequate facilities to provide quality education.


Official website here: www.springfieldprep.org

Is Springfield Prep Realty Inc legitimate?

Springfield Prep Realty Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Springfield Prep Realty 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

For more financial information, click here


Official website here: www.springfieldprep.org

What is the mission statement of Springfield Prep Realty Inc?

Springfield Prep Realty Inc's mission is centered around real estate management. The corporation's primary goal is to support Springfield Preparatory Charter School by owning, building, buying, selling, managing, developing, and leasing properties. This real estate activity enables the school to provide educational services effectively. Essentially, Springfield Prep Realty Inc serves as a facilitator, ensuring the school has the necessary physical infrastructure to deliver quality education.


Official website here: www.springfieldprep.org

Who is the CEO of Springfield Prep Realty Inc?

William Spirer is the President of Springfield Prep Realty Inc.


Official website here: www.springfieldprep.org

What is the revenue of Springfield Prep Realty Inc?

Springfield Prep Realty Inc's revenue in 2022 was $1,311,651.


Official website here: www.springfieldprep.org

Who are the executives of Springfield Prep Realty Inc and what are their salaries?

There 2 volunteers at Springfield Prep Realty Inc.


Here are 3 key members and their salaries:


William Spirer (President)
  • Compensation: $0
  • Related: $113,633
  • Other: $910
Sheriff Bologan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sara Ross (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.springfieldprep.org

Where can I find the form 990 for Springfield Prep Realty Inc?

Springfield Prep Realty Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.springfieldprep.org

Learn more at the official website: www.springfieldprep.org

Mission Statement of Springfield Prep Realty Inc

Springfield Prep Realty Inc, as a corporate entity, is dedicated to supporting Springfield Preparatory Charter School's educational mission. To achieve this goal, Springfield Prep Realty Inc engages in various real estate-related activities, including owning, building, buying, selling, managing, developing, and leasing properties. The primary aim is to provide Springfield Preparatory Charter School with the necessary infrastructure to deliver educational services effectively in Springfield, Massachusetts. This involvement in real estate management enables the school to focus on its core mission of educating students, ultimately contributing to the community's development.

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Impact




October, 2024

Springfield Prep Realty Inc plays a critical role in the Springfield community by facilitating the development and management of real estate specifically for Springfield Preparatory Charter School. By owning, building, buying, selling, and leasing properties, the organization ensures that the school has the necessary facilities to provide quality educational services to its students. This support not only enhances the learning environment but also contributes to the overall educational landscape in Springfield, Massachusetts.

The impact of Springfield Prep Realty Inc extends beyond just the physical spaces. By aligning real estate development with the educational mission of Springfield Preparatory Charter School, the organization helps create opportunities for academic growth and community engagement. The availability of well-managed and purpose-built facilities fosters a conducive learning atmosphere, ultimately benefiting students, educators, and the wider Springfield community.




This information is meant to be a general summary of Springfield Prep Realty 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.

Revenue
$1,311,651 (2022)
Expenses
$1,073,387 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $1,311,651
  • Gross Receipts: $1,311,651

Assets and Liabilities:

  • Total Assets: $39,225,856
  • Total Liabilities: $38,987,027
  • Net Assets: $238,829

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$781,941

INTEREST INCOME ON LEA

Revenue

$529,710

Organization Details

Founding Year

2020

Principal Officer

William Spirer

Main Address

2071 ROOSEVELT AVE, SPRINGFIELD, MA, 01104

NTEE Category

Code: B11 - Education

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