Overview
What is Fsk Land Corporation?
FSK Land Corporation is a nonprofit organization that acquires and owns real estate properties. The organization generates income from these properties and subsequently remits the net earnings, after deducting expenses, to its primary beneficiary, Johns Hopkins University (JHU). FSK Land Corporation's mission revolves around the ownership and management of real estate, with the ultimate goal of delivering income to its crucial member, Johns Hopkins University.
Is Fsk Land Corporation legitimate?
Fsk Land Corporation is a legitimate nonprofit organization registered as a 501(c)(25) entity. Fsk Land Corporation 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.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Fsk Land Corporation?
FSK Land Corporation is an organization dedicated to acquiring and holding title to real property. The primary objective of this corporation is to generate income from the property and distribute the net earnings to its designated recipient, Johns Hopkins University (JHU). The corporation's mission involves managing property assets and transferring the net income to its affiliated institution. Through this mission, FSK Land Corporation effectively supports JHU's ongoing initiatives with a steady income stream derived from its real estate holdings.
What is the revenue of Fsk Land Corporation?
Fsk Land Corporation's revenue in 2022 was $19,637,042.
Who are the executives of Fsk Land Corporation and what are their salaries?
- Mitchell Bonanno (President)
- Kevin Sowers (Chairman) [Trustee/Director]
- Johnnie Watson (Trustee)
- Laurent Heller (Trustee)
- Michael Larson (Trustee)
- Richard Bennett (Trustee)
- Robert Kasdin (Trustee)
- Robert Mclean (Trustee)
- Scott Jonas (Trustee)
- Nicole Smith (Treasurer)
Where can I find the form 990 for Fsk Land Corporation?
The Fsk Land Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Fsk Land Corporation
FSK Land Corporation, a renowned organization, is dedicated to holding title to real property and generating income from it. This income is then passed on to its primary beneficiary, Johns Hopkins University (JHU), in its entirety, with expenses being the only deduction. In essence, FSK Land Corporation functions as a property management entity, with the ultimate goal of transferring the net income it earns to JHU. The organization's mission is straightforward yet impactful - it exists to maintain ownership of real estate and distribute the resulting financial returns to its esteemed benefactor. By doing so, FSK Land Corporation plays a vital role in supporting the ongoing operations and initiatives of Johns Hopkins University.
Impact
This information is meant to be a general summary of Fsk Land Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
FSK Land Corporation's impact lies in its unique approach to acquiring and holding title to real property, collecting income from that property, and remitting the entire amount of income (less expenses) to its members, the Johns Hopkins University (JHU). By channeling net income back to JHU, FSK Land Corporation directly supports the university's mission and activities without seeking to generate profits for itself.
This model allows FSK Land Corporation to play a crucial role in providing financial resources to JHU, contributing to the university's ability to invest in education, research, and community initiatives. In doing so, FSK Land Corporation indirectly impacts the community by supporting JHU's efforts in areas such as academic excellence, healthcare advancements, and community improvement.
Overall, FSK Land Corporation's impact can be seen as a strategic and sustainable way to generate resources for a respected institution like JHU, ultimately benefiting not only the university but also the broader community it serves.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$18,707,711
LANDSCAPING INCOME
Revenue
$922,114
Organization Details
Founding Year
1984
Phone
(443) 997-3737
Main Address
3910 Keswick Road N4327B, Baltimore, MD, 21211
NTEE Category
Code: S47 - Community improvement
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