Overview
What is Musd Holding Corp?
Musd Holding Corp is a nonprofit organization with a mission to support educational activities primarily for Madera Unified School District. Located in Madera, California, this organization has played a significant role in aiding the school district by obtaining financing through the New Markets Tax Credit Program. This funding has enabled Musd Holding Corp. to acquire and manage the building and land where one of the district's schools operates. In addition to financial assistance, Musd Holding Corp. also assists Madera Unified School District in developing and financing real property assets for the construction and development of new educational buildings. By doing so, Musd Holding Corp. contributes to furthering the school district's charitable purposes.
Is Musd Holding Corp legitimate?
Musd Holding Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Musd Holding 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 Musd Holding Corp?
Musd Holding Corp's mission is centered around supporting the educational activities of Madera Unified School District. It aims to carry out the purposes of the school district and perform functions on its behalf. The organization receives financing from the New Markets Tax Credit Program and utilizes it to hold the building and land where one of the school district's schools operates. Musd Holding Corp also assists Madera Unified School District in developing and financing real property assets, contributing to the construction and development of new educational buildings that further the charitable objectives of the school district.
Who is the CEO of Musd Holding Corp?
Arelis Garcia is the President of Musd Holding Corp.
What is the revenue of Musd Holding Corp?
Musd Holding Corp's revenue in 2023 was $452,888.
Who are the executives of Musd Holding Corp and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $205,344
- Other: $18,888
- Compensation: $0
- Related: $184,299
- Other: $17,547
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Musd Holding Corp?
Musd Holding Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Musd Holding Corp
Musd Holding Corp, as a nonprofit organization, is dedicated to supporting the educational activities of Madera Unified School District (MUSD). Its mission is to benefit, act on behalf of, and assist MUSD in carrying out its charitable purposes. To accomplish this, Musd Holding Corp obtained financing through the New Markets Tax Credit Program and manages the property where one of MUSD's schools operates. The organization plays a significant role in helping MUSD develop and finance real estate assets, contributing to the construction and development of new educational buildings that further MUSD's objectives. By supporting MUSD in this manner, Musd Holding Corp contributes to the overall educational growth and development of the district.
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Impact
October, 2024
Musd Holding Corp plays a vital role in enhancing educational infrastructure within the Madera Unified School District. By leveraging financing from initiatives like the New Markets Tax Credit Program, it acquires and maintains essential real estate assets, including buildings and land, that house educational facilities. This strategic support facilitates the construction and development of new educational buildings, directly contributing to the district's mission of providing quality education. Through its activities, Musd Holding Corp not only supports Madera Unified School District’s operational needs but also aids in the long-term growth and development of educational resources, ultimately benefiting students and the broader community in Madera, CA.
This information is meant to be a general summary of Musd Holding 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 2023.
- Program Service Revenue: $452,888
- Gross Receipts: $452,888
Assets and Liabilities:
- Total Assets: $36,125,728
- Total Liabilities: $9,192,638
- Net Assets: $26,933,090
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$452,888
Organization Details
Founding Year
2020
Phone
(559) 675-4500Principal Officer
Arelis Garcia
Main Address
1902 HOWARD RD, MADERA, CA, 93637
NTEE Category
Code: B11 - Education
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