Overview
What is John Kot Charitable Remainder Unitrust?
John Kot Charitable Remainder Unitrust is a charitable organization that operates under the structure of a Charitable Remainder Unitrust. Its primary purpose involves managing funds and making payments to designated beneficiaries. This mutual and benefit organization, classified as general, offers a program referred to as Management Fees. While the specific mission of this trust is not explicitly stated in the provided information, it can be inferred that their role primarily revolves around financial management and benefit distribution to the designated individuals.
Is John Kot Charitable Remainder Unitrust legitimate?
John Kot Charitable Remainder Unitrust is a legitimate nonprofit organization registered as a 501(c)(3) entity. John Kot Charitable Remainder Unitrust submitted a form 990EZ, 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.
What is the mission statement of John Kot Charitable Remainder Unitrust?
John Kot Charitable Remainder Unitrust serves as a Charitable Remainder Unitrust, functioning within the category of mutual and benefit organizations: general. Its primary activities include providing Payments to Beneficiary and managing associated fees. While the provided information does not detail a specific mission statement, it can be inferred that the trust's purpose is to manage funds in a way that benefits both the trust and its beneficiaries. It operates under the umbrella of charitable organizations, suggesting a focus on philanthropic or charitable endeavors.
Who is the CEO of John Kot Charitable Remainder Unitrust?
Lynn Kot is the Trustee of John Kot Charitable Remainder Unitrust.
What is the revenue of John Kot Charitable Remainder Unitrust?
John Kot Charitable Remainder Unitrust's revenue in 2022 was $2,320.
Who are the executives of John Kot Charitable Remainder Unitrust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for John Kot Charitable Remainder Unitrust?
John Kot Charitable Remainder Unitrust's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of John Kot Charitable Remainder Unitrust
The John Kot Charitable Remainder Unitrust, as a charitable remainder unitrust, operates under the umbrella of mutual and benefit organizations, with a primary focus on providing programs. Specifically, this organization specializes in making Payments to Beneficiary and managing associated fees. This nonprofit functions within the realm of charitable remainder unitrusts, which are recognized for their role in offering financial benefits to individuals while also making significant charitable contributions. The John Kot Charitable Remainder Unitrust, in line with its organization type, serves as a platform for these dual purposes.
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Impact
October, 2024
John Kot Charitable Remainder Unitrust positively impacts individuals and communities by providing a unique financial tool that allows donors to contribute to charitable causes while still receiving income from their investments. By operating as a Charitable Remainder Unitrust (CRUT), it enables beneficiaries to receive regular payments, ensuring a steady income stream. This structure also encourages philanthropy, as donors can direct their resources toward meaningful initiatives while benefiting from potential tax advantages.
In addition to facilitating payments to beneficiaries, the organization manages the assets within the trust, ensuring that they are properly handled and allocated in alignment with the donors' wishes. This dual focus on financial management and charitable giving helps create a sustainable funding model for various programs and initiatives that benefit the community. Ultimately, John Kot Charitable Remainder Unitrust plays a vital role in promoting generosity and supporting philanthropic efforts in the Amsterdam, NY area.
This information is meant to be a general summary of John Kot Charitable Remainder Unitrust. 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: $478
- Gross Receipts: $2,977
Assets and Liabilities:
- Total Assets: $26,144
- Total Liabilities: $0
- Net Assets: $26,144
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Organization Details
Phone
(518) 843-0366Principal Officer
Lynn Kot
Main Address
53 JAMES STREET, AMSTERDAM, NY, 12010
NTEE Category
Code: T00 - Philanthropy
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