Overview
What is Leif Erikson Building Association?
The Leif Erikson Building Association is a nonprofit organization located in Seattle, Washington. Their primary role involves holding title to property and collecting income from it. The income collected is then passed on, after deducting expenses, to a tax-exempt organization. This association operates primarily by renting out its property, contributing to the financial wellbeing of the designated tax-exempt organization.
Official website here: www.leiferiksonlodge.com
Is Leif Erikson Building Association legitimate?
Leif Erikson Building Association is a legitimate nonprofit organization registered as a 501(c)(2) entity. Leif Erikson Building Association 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: $1,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $18,839
For more financial information, click here
Official website here: www.leiferiksonlodge.com
What is the mission statement of Leif Erikson Building Association?
The Leif Erikson Building Association's primary mission is to manage property, generating income from it, and subsequently transferring the net earnings to a tax-exempt organization. This organization, in turn, utilizes the funds for its own charitable purposes. The association's activities primarily involve the rental of its property.
Official website here: www.leiferiksonlodge.com
Who is the CEO of Leif Erikson Building Association?
Ozzie Kvithammer is the President of Leif Erikson Building Association.
Official website here: www.leiferiksonlodge.com
What is the revenue of Leif Erikson Building Association?
Leif Erikson Building Association's revenue in 2022 was $220,125.
Official website here: www.leiferiksonlodge.com
Who are the executives of Leif Erikson Building Association and what are their salaries?
The average compensation at Leif Erikson Building Association during 2022 was $20,039. There is 1 employee and 9 volunteers at Leif Erikson Building Association.
Here are 9 key members and their salaries:
- Compensation: $1,200
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.leiferiksonlodge.com
Where can I find the form 990 for Leif Erikson Building Association?
Leif Erikson Building Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.leiferiksonlodge.com
Learn more at the official website: www.leiferiksonlodge.com
Mission Statement of Leif Erikson Building Association
The Leif Erikson Building Association is a non-profit organization with a unique mission. Its primary objective is to hold title to property and collect income generated from it. This income is then distributed, after deducting expenses, to another tax-exempt organization. By doing so, the Leif Erikson Building Association plays a crucial role in channeling funds towards organizations that share its tax-exempt status. While the association's activities are primarily focused on property management, its mission serves an important purpose in supporting other non-profit entities.
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Impact
October, 2024
The Leif Erikson Building Association positively impacts the community by managing and optimizing the use of its property in Seattle, WA. By holding title to this property and generating income through rentals, it ensures that resources are effectively utilized to benefit a tax-exempt organization. This financial model allows for a continuous stream of income, which is reinvested into community improvement initiatives.
Through its activities, the association not only provides a space for various events and operations but also boosts the local economy by engaging with businesses and organizations that utilize its facilities. The focus on community improvement aligns with its mission, enhancing the overall welfare of the area and supporting initiatives that foster growth and collaboration among residents and organizations alike.
This information is meant to be a general summary of Leif Erikson Building Association. 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.
- Investment Income: $239
- Program Service Revenue: $105,254
- Gross Receipts: $220,125
Assets and Liabilities:
- Total Assets: $640,962
- Total Liabilities: $0
- Net Assets: $640,962
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS AND DEPOSITS -
Revenue
$104,493
MISCELLANEOUS INCOME
Revenue
$761
Organization Details
Founding Year
1985
Phone
(206) 783-1274Principal Officer
Ozzie Kvithammer
Main Address
2245 NW 57TH ST, SEATTLE, WA, 98107
Website
www.leiferiksonlodge.comNTEE Category
Code: S47 - Community improvement
If you are a representative of Leif Erikson Building Association and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.