Company Name: | BAY POINT SCHOOLS PROPERTIES INC |
Employer identification number (EIN): | 65-0591094 |
EIN Issuing Authority | Brookhaven, NY |
Federal tax status | Exempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code |
Mission Statement | THE ORGANIZATION HAS BEEN FORMED TO HOLD TITLE TO A PARCEL OF REAL PROPERTY LOCATED IN DADE COUNTY, FLORIDA (THE "PROPERTY"). THE PROPERTY HAS BEEN LEASED, ON A LONG TERM NOMINAL FEE BASIS (1.00 PER YEAR), TO AN ORGANIZATION WHICH IS A PUBLIC CHARITY AND IS EXEMPT FROM TAXATION UNDER CODE SECTION 501(C)(3). THE PROPERTY IS REQUIRED TO BE USED EXCLUSIVELY FOR CHARITABLE PURPOSES. THE SOLE MEMBER OF THE ORGANIZATION IS THE ETHEL AND W. GEORGE KENNEDY FAMILY FOUNDATION, INC. WHICH IS A QUALIFIED 501(C)(3) ORGANIZATION AND WHICH WAS THE SOLE PROVIDER OF THE FUNDS NECESSARY TO PURCHASE AND MAINTAIN THE REAL ESTATE PROPERTY INCLUDING SALARY PAID TO ONE OF ITS OFFICERS DURING THE YEAR. THE ORGANIZATION IS FILING A FINAL RETURN DUE TO THE SALE OF THE REAL ESTATE PROPERTY ON 4/29/16. THE ORGANIZATION CEASED OPERATIONS IN MAY 2016. |
Number of Employees | 1 |
Year Formed | 1995 |
Legal Domicile | FL |
Voting Members - Governing Body | 4 |
Voting Members - Independent | 0 |
2016-12-31 | |
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Total unrelated business income | USD $ 0 |
Program Service Revenue from current year | USD $ 0 |
Investment Income from current year | USD $ 7,331,697 |
Other Revenue from current year | USD $ 0 |
Gross receipts from all sources | USD $ 8,500,000 |
Net assets / fund balances at end of fiscal year | USD $ 0 |
Net assets / fund balances at beginning of fiscal year | USD $ 1,025,897 |
Total liabilities at end of fiscal year | USD $ 0 |
Total assets at end of fiscal year | USD $ 0 |
Total assets at beginning of fiscal year | USD $ 1,025,897 |
Revenues less expenses for current year | USD $ 7,331,697 |
Total expenses for current year | USD $ 0 |
Other expenses in current year | USD $ 0 |
Total fundraising expenses in current year | USD $ 0 |
Professional fundraising fees from current year | USD $ 0 |
Employee salary and benefits paid in current year | USD $ 0 |
Benefits paid to or for members in current year | USD $ 0 |
Grants and similar amounts paid in current year | USD $ 0 |
Total revenue in current fiscal year | USD $ 7,331,697 |
Contributions and grants from current year | USD $ 0 |
The following addresses have been detected as associated with Tax Indentification Number 650591094
USA Mailing Address |
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USA Mailing Address |
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Event Date | Event description | |
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2015-12-31 | Form 990-N declaration of Gross Receipts Under $25,000 in tax year 2015 | |
2011-06-09 | Posting of automatic revocation of federal tax exempt status for not filing Form 990 return or notice for 3 consecutive years | |
2010-05-15 | Automatic revocation of federal tax exempt status for not filing Form 990 return or notice for 3 consecutive years | |
2010-05-15 | Reinstatement of federal tax exempt status following automatic revocation for not filing Form 990 return or notice for 3 consecutive years |