Overview
What is Business Arts Plaza Inc?
Business Arts Plaza Inc is a title-holding company situated in Burbank, California, specifically at 3601 West Olive Avenue. Their primary role is to manage and distribute the income derived from a real property there, serving as a trustee on behalf of the Screen Actors Guild-Producers Pension Plan. This organization's primary objective is to ensure the financial well-being of the pension plan, contributing to the welfare of individuals in the entertainment industry.
Is Business Arts Plaza Inc legitimate?
Business Arts Plaza Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Business Arts Plaza 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
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What is the mission statement of Business Arts Plaza Inc?
Business Arts Plaza Inc serves as a title holding company, with its primary mission being to collect and distribute income derived from a specific piece of real property. This property is held on behalf of the Screen Actors Guild-Producers Pension Plan, located at 3601 West Olive Avenue in Burbank, California. The corporation's role involves collecting income generated from this property and then distributing it accordingly to the pension plan. By fulfilling this duty, Business Arts Plaza Inc plays a crucial role in managing financial resources for the benefit of the pension plan's beneficiaries.
Who is the CEO of Business Arts Plaza Inc?
Michael Estrada is the President of Business Arts Plaza Inc.
What is the revenue of Business Arts Plaza Inc?
Business Arts Plaza Inc's revenue in 2022 was $5,774,370.
Who are the executives of Business Arts Plaza Inc and what are their salaries?
Here are 8 key members and their salaries:
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- Related: $605,288
- Other: $128,053
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- Related: $349,496
- Other: $69,900
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- Related: $300,300
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Where can I find the form 990 for Business Arts Plaza Inc?
Business Arts Plaza Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Business Arts Plaza Inc
Business Arts Plaza Inc, as a title holding company, is dedicated to collecting and distributing income from a specific piece of real property. This property, located at 3601 West Olive Avenue in Burbank, CA, is not owned by Business Arts Plaza Inc itself but is held on behalf of the Screen Actors Guild-Producers Pension Plan. The corporation's primary role is to manage the revenue generated from this real estate asset, ensuring the distribution of income for the benefit of the pension plan.
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Impact
October, 2024
Business Arts Plaza Inc significantly contributes to the local economy in Burbank, CA, by managing real property at 3601 West Olive Avenue. The organization plays a vital role in ensuring the sustained financial health of the Screen Actors Guild-Producers Pension Plan through its systematic collection and distribution of income generated from this property. By efficiently managing the income streams, Business Arts Plaza Inc supports the livelihoods of pension plan members, thereby enhancing community welfare. Additionally, its focus on property management helps contribute to the overall improvement of the community, making it a key player in the economic landscape of Burbank.
This information is meant to be a general summary of Business Arts Plaza 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: $9,137
- Program Service Revenue: $2,563,409
- Gross Receipts: $7,473,164
Assets and Liabilities:
- Total Assets: $85,547,499
- Total Liabilities: $1,318,968
- Net Assets: $84,228,531
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT FROM AFFILIATES
Revenue
$2,563,409
Organization Details
Founding Year
1994
Phone
(818) 954-9400Principal Officer
Michael Estrada
Main Address
3601 WEST OLIVE AVENUE, BURBANK, CA, 915057830
NTEE Category
Code: S47 - Community improvement
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