Overview
What is Veterans Memorial Association Of Eugene Inc?
Veterans Memorial Association of Eugene Inc, a nonprofit organization located at 1626 Willamette Street, Eugene, OR 97401, is primarily focused on managing a property for income generation. The association collects rent from the general public and annually distributes the earnings to its affiliated tax-exempt organizations, proportionate to their ownership shares. The nonprofit's mission revolves around property management, contributing to the financial support of fellow tax-exempt organizations dedicated to various causes, including veterans' welfare. With a workforce of 5 employees, the association plays a significant role in supporting its member organizations through its property management activities.
Is Veterans Memorial Association Of Eugene Inc legitimate?
Veterans Memorial Association Of Eugene Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Veterans Memorial Association Of Eugene 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.
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What is the mission statement of Veterans Memorial Association Of Eugene Inc?
The Veterans Memorial Association of Eugene Inc has a specific mission aimed at supporting its tax-exempt member organizations. This organization holds title to a property and collects income from its rental to the general public. Annually, it distributes these proceeds to its member organizations in proportion to their ownership. In addition to this, the association provides programs and assistance for veterans throughout the year.
Who is the CEO of Veterans Memorial Association Of Eugene Inc?
Nathan Decker is the Secretary of Veterans Memorial Association Of Eugene Inc.
What is the revenue of Veterans Memorial Association Of Eugene Inc?
Veterans Memorial Association Of Eugene Inc's revenue in 2022 was $30,000.
Who are the executives of Veterans Memorial Association Of Eugene Inc and what are their salaries?
There are 5 employees and 8 volunteers at Veterans Memorial Association Of Eugene Inc.
Here are 4 key members and their salaries:
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Where can I find the form 990 for Veterans Memorial Association Of Eugene Inc?
Veterans Memorial Association Of Eugene Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Veterans Memorial Association Of Eugene Inc
The Veterans Memorial Association of Eugene Inc has a distinctive mission. Its primary objective is to hold title to a property and generate income through rental to the general public. This income is then annually distributed to its tax-exempt member organizations, proportionate to their ownership share. This association serves as a financial intermediary, supporting its affiliated nonprofits by leveraging its property holdings and rental income.
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Impact
October, 2024
The Veterans Memorial Association of Eugene Inc significantly contributes to the community by managing property that generates income, which is then redistributed to various member organizations dedicated to supporting veterans. Through these efforts, the association not only ensures financial support for veteran-related programs and assistance but also fosters a network of services aimed at improving the lives of veterans in the Eugene area.
By holding and managing property for public rental, the association creates a sustainable funding model that allows it to turn over profits to its tax-exempt member organizations. This approach enhances the capacity of those organizations to deliver vital programs and services throughout the year, directly benefiting veterans and their families. Consequently, the association plays a crucial role in elevating community support for those who have served, all while promoting community improvement and engagement.
This information is meant to be a general summary of Veterans Memorial Association Of Eugene 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $11,127
- Gross Receipts: $155,526
Assets and Liabilities:
- Total Assets: $623,313
- Total Liabilities: $7,188
- Net Assets: $616,125
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Organization Details
Founding Year
1946
Phone
(541) 338-4074Principal Officer
Nathan Decker
Main Address
1626 WILLAMETTE ST, EUGENE, OR, 97401
NTEE Category
Code: S47 - Community improvement
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