Mound Properties Inc
- Assets
- $0.0
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Racine, WI
- Founding
- Data as of
- 06/2017
- EIN
- 04-3610852
Organization Overview
Mound Properties Inc is located in Racine, WI.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2017
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILDING LEASE RECEIPTS AT BELOW MARKET RENTS TO OTHER CHARITABLE ORGANIZATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James A Ladwig President | 2 | $0 | |
Julie Branick Vice President | 0.01 | $0 | |
Audrey Ditter Vice President | 0.01 | $0 | |
Gustavo Grunbaum Secretary | 0.01 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,182,298 |
| Total Revenue | $4,182,298 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Mound Properties Inc has awarded $214,825 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CHARTER ONE INC PURPOSE: TO PROVIDE BELOW MARKET RENTS TO NOT-FOR-PROFITS FOR THEIR STORAGE NEEDS. THE ESTIMATED FAIR VALUE OF RENT IS $7.80 PER SQUARE FOOT. RENT RECEIVED WAS $4.78 PER SQUARE FOOT. | $114,768 |
FOCUS ON COMMUNITY PURPOSE: TO PROVIDE BELOW MARKET RENTS TO NOT-FOR-PROFITS FOR THEIR STORAGE NEEDS. THE ESTIMATED FAIR VALUE OF RENT IS $7.80 PER SQUARE FOOT. RENT RECEIVED WAS $6.75 PER SQUARE FOOT. | $2,867 |
ACELERO CHARITABLE FOUNDATION PURPOSE: TO PROVIDE BELOW MARKET RENTS TO NOT-FOR-PROFITS FOR THEIR STORAGE NEEDS. THE ESTIMATED FAIR VALUE OF RENT IS $7.80 PER SQUARE FOOT. RENT RECEIVED WAS $3.52 PER SQUARE FOOT. | $95,750 |
FAITH HOPE AND LOVE INC PURPOSE: TO PROVIDE BELOW MARKET RENTS TO NOT-FOR-PROFITS FOR THEIR STORAGE NEEDS. THE ESTIMATED FAIR VALUE OF RENT IS $7.80 PER SQUARE FOOT. RENT RECEIVED WAS $5.45 PER SQUARE FOOT. | $1,440 |