Overview
What is Star Island Permanent Trust Fund?
The Star Island Permanent Trust Fund is an endowment fund, established to support the Star Island Corporation, a 501(c)(3) organization. Its primary mission is to manage and hold assets with the intention of providing annual income to subsidize the Star Island Corporation's operations. In 2022, the Trust distributed $212,429 to the Corporation, contributing to the financing of their conferences and activities, which focus on religious, educational, and related purposes, in accordance with the principles of the Unitarian Universalist Association and the United Church of Christ. During this year, the Trust had no other program service activities beyond this distribution.
Is Star Island Permanent Trust Fund legitimate?
Star Island Permanent Trust Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Star Island Permanent Trust Fund 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.
Heare are some key statistics you may want to consider:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Star Island Permanent Trust Fund?
The Star Island Permanent Trust Fund's primary role is to maintain and manage endowment assets for the Star Island Corporation, a 501(c)(3) organization. The fund's annual income distributions are utilized to subsidize the corporation's religious and educational conferences. The Star Island Corporation organizes events that cater to various purposes, aligning with the principles of the Unitarian Universalist Association and the United Church of Christ. In 2022, the Trust Fund distributed $212,429 to the corporation, contributing to its general operating expenses. Beyond this annual distribution, the Star Island Permanent Trust Fund does not engage in any other program service activities.
Who is the CEO of Star Island Permanent Trust Fund?
David Yermack is the Chairman of Star Island Permanent Trust Fund.
What is the revenue of Star Island Permanent Trust Fund?
Star Island Permanent Trust Fund's revenue in 2022 was $319,697.
Who are the executives of Star Island Permanent Trust Fund and what are their salaries?
There 5 volunteers at Star Island Permanent Trust Fund.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Star Island Permanent Trust Fund?
Star Island Permanent Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Star Island Permanent Trust Fund
The Star Island Permanent Trust Fund, as a distinct entity, is committed to managing and preserving endowment assets. Its primary mission is to support the Star Island Corporation, a 501(c)(3) organization, by providing it with annual income distributions. This financial assistance is instrumental in subsidizing the operations of the Star Island Corporation, which specializes in organizing conferences and related activities that align with the principles of the Unitarian Universalist Association and the United Church of Christ. These events are predominantly focused on religious and educational themes. During 2022, the Star Island Permanent Trust Fund distributed $212,429 to the Star Island Corporation, contributing significantly to its general operational expenses. Beyond this annual distribution, the Star Island Permanent Trust Fund did not engage in any other program service activities during that year.
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Impact
October, 2024
The Star Island Permanent Trust Fund plays a crucial role in supporting the operations of the Star Island Corporation by managing and distributing endowment assets. In 2022, it distributed $212,429 to subsidize the general operating expenses of the Corporation, which organizes a variety of religious and educational conferences aligned with the principles of the Unitarian Universalist Association and the United Church of Christ. This financial support is vital for ensuring that the Corporation can continue to offer meaningful programs and activities that foster community engagement and spiritual growth. By providing ongoing income, the Trust Fund enables the Corporation to focus on its mission without being solely reliant on program fees or donations for operational sustainability.
This information is meant to be a general summary of Star Island Permanent Trust Fund. 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: $181,671
- Gross Receipts: $1,045,833
Assets and Liabilities:
- Total Assets: $4,996,511
- Total Liabilities: $0
- Net Assets: $4,996,511
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Organization Details
Founding Year
1998
Phone
(603) 430-6272Principal Officer
David Yermack
Main Address
30 Middle Street, Portsmouth, NH, 03801
NTEE Category
Code: X99 - Religion related
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