Cumberland Wellness Properties Inc

Organization Overview

Cumberland Wellness Properties Inc is located in Williamsburg, KY. The organization was established in 2009. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cumberland Wellness Properties Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Cumberland Wellness Properties Inc generated $123.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO ACQUIRE CERTAIN PROPERTIES FROM THE UNIVERSITY OF THE CUMBERLANDS, INC. IN ORDER FOR THEM TO ACQUIRE ADDITIONAL FUNDING, THROUGH A NEW MARKETS TAX CREDIT TRANSACTION, TO COMPLETE A STATE OF THE ART SCIENCE BUILDING, POOL AND CERTAIN ATHLETIC FIELDS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CUMBERLAND WELLNESS PROPERTIES, INC. WAS FORMED TO FACILITATE A NEW MARKETS TAX CREDIT TRANSACTION. THEIR FUNCTION IS TO LEASE THE SCIENCE BUILDING, POOL, ATHLETIC AND MARCHING BAND FIELDS TO THE UNIVERSITY OF THE CUMBERLANDS, INC. IN ORDER FOR THEM TO PROVIDE STATE-OF-THE-ART EDUCATIONAL FACILITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Quentin Young
Vice President
$0
Larry Cockrum
President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$123,798
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $123,798

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