Overview
What is Shaw Foundation Properties Corp?
Shaw Foundation Properties Corp is a nonprofit organization situated in Honolulu, Hawaii. Their primary mission is to manage and generate income from properties, which is then transferred to the Shaw (U.S.) Foundation. This corporation serves as a property title holder, collecting rental income and making necessary deductions for expenses before transferring the remaining funds to the Shaw (U.S.) Foundation. By doing so, Shaw Foundation Properties Corp contributes to the larger mission of the Shaw (U.S.) Foundation, which is not specified in the provided information.
Is Shaw Foundation Properties Corp legitimate?
Shaw Foundation Properties Corp is a legitimate nonprofit organization registered as a 501(c)(2) entity. Shaw Foundation Properties 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.
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What is the mission statement of Shaw Foundation Properties Corp?
Shaw Foundation Properties Corp's primary purpose is to manage and generate income from its property holdings. This income, after deducting expenses, is then transferred to the Shaw (U.S.) Foundation. The corporation's role is essentially to serve as a financial intermediary, contributing its net income to the Shaw (U.S.) Foundation. The exact nature or use of funds by the Shaw (U.S.) Foundation is not provided in the information, but it is implied that the corporation plays a role in supporting charitable or philanthropic causes through this financial transfer.
Who is the CEO of Shaw Foundation Properties Corp?
Jeremiah Rajakulendran is the President/Director of Shaw Foundation Properties Corp.
What is the revenue of Shaw Foundation Properties Corp?
Shaw Foundation Properties Corp's revenue in 2022 was $6,374,883.
Who are the executives of Shaw Foundation Properties Corp and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Shaw Foundation Properties Corp?
Shaw Foundation Properties Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Shaw Foundation Properties Corp
Shaw Foundation Properties Corp is an organization primarily focused on managing property, generating income from these properties, and then distributing the earnings, after deducting expenses, to the Shaw (U.S.) Foundation. This nonprofit corporation's primary exempt purpose is centered around property ownership and income distribution, aiming to contribute to the Shaw (U.S.) Foundation's causes and initiatives. By serving as a financial intermediary, Shaw Foundation Properties Corp plays a crucial role in supporting the philanthropic activities of the Shaw (U.S.) Foundation.
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Impact
October, 2024
Shaw Foundation Properties Corp plays a crucial role in supporting community improvement initiatives by managing and optimizing property assets. Its primary function involves holding title to properties, where it collects income generated from these assets. This income, after accounting for expenses, is then distributed to the Shaw (U.S.) Foundation.
By effectively leveraging real estate assets, the organization ensures a steady stream of financial support that directly contributes to the foundation's broader mission of enhancing community welfare. This mechanism not only fosters sustainable funding for various programs but also exemplifies responsible property management, ultimately aiding in the development and enrichment of the local community in Honolulu, HI.
This information is meant to be a general summary of Shaw Foundation Properties 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 2022.
- Investment Income: $3,607
- Program Service Revenue: $6,371,276
- Gross Receipts: $6,374,883
Assets and Liabilities:
- Total Assets: $22,439,924
- Total Liabilities: $3,032,361
- Net Assets: $19,407,563
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$6,371,276
Organization Details
Founding Year
1994
Phone
(808) 521-3962Principal Officer
Jeremiah Rajakulendran
Main Address
CO KKDLY 745 FORT STREET STE 210, HONOLULU, HI, 96813
NTEE Category
Code: S47 - Community improvement
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