Overview
What is Niagara Tobacco Asset Securitization Corporation?
Niagara Tobacco Asset Securitization Corporation is a entity established in Lockport, New York. Their primary objective involves the issuance of asset-backed bonds with the purpose of purchasing rights, title, and interest from the county of Niagara, New York, as stipulated under a master settlement agreement. The corporation collects both initial and recurring payments from the original participating manufacturers to make these acquisitions. The mission of Niagara Tobacco Asset Securitization Corporation is centered around the financial process of purchasing tobacco-related assets from the county of Niagara, New York, and securing payments from the original manufacturers involved in the master settlement agreement.
Official website here: www.niagaracounty.com
Is Niagara Tobacco Asset Securitization Corporation legitimate?
Niagara Tobacco Asset Securitization Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Niagara Tobacco Asset Securitization Corporation 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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Official website here: www.niagaracounty.com
What is the mission statement of Niagara Tobacco Asset Securitization Corporation?
The Niagara Tobacco Asset Securitization Corporation's mission involves the issuance of asset-backed bonds. These bonds are utilized to acquire rights, titles, and interests from the county of Niagara, NY, under the master settlement agreement. The corporation then collects initial and subsequent annual payments from the original participating manufacturers. This process is carried out with the aim of managing and collecting these payments, contributing to its overall operations.
Official website here: www.niagaracounty.com
Who is the CEO of Niagara Tobacco Asset Securitization Corporation?
Karen S Castle is the Member of Niagara Tobacco Asset Securitization Corporation.
Official website here: www.niagaracounty.com
What is the revenue of Niagara Tobacco Asset Securitization Corporation?
Niagara Tobacco Asset Securitization Corporation's revenue in 2022 was $4,262,501.
Official website here: www.niagaracounty.com
Who are the executives of Niagara Tobacco Asset Securitization Corporation and what are their salaries?
There 7 volunteers at Niagara Tobacco Asset Securitization Corporation.
Here are 7 key members and their salaries:
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Official website here: www.niagaracounty.com
Where can I find the form 990 for Niagara Tobacco Asset Securitization Corporation?
Niagara Tobacco Asset Securitization Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.niagaracounty.com
Learn more at the official website: www.niagaracounty.com
Mission Statement of Niagara Tobacco Asset Securitization Corporation
Niagara Tobacco Asset Securitization Corporation, in its mission, acquires the rights, title, and interest from the county of Niagara, NY, under the master settlement agreement. The corporation then issues asset-backed bonds to facilitate this purchase. The primary objective is to collect both initial and subsequent annual payments from the original participating manufacturers. This mission allows Niagara Tobacco Asset Securitization Corporation to operate as a financial intermediary, leveraging the settlement agreement to generate revenue.
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Impact
October, 2024
Niagara Tobacco Asset Securitization Corporation plays a significant role in financing public projects through the issuance of asset-backed bonds. By purchasing rights, title, and interest from the county of Niagara, NY, under the Master Settlement Agreement, it generates revenue for local initiatives.
The corporation collects both initial and ongoing annual payments from the original participating manufacturers, ensuring a steady cash flow that can be utilized for various public benefits. This financial mechanism helps to stabilize funding for community projects and services, ultimately enhancing the quality of life in the region. Additionally, the corporation's activities contribute to fiscal responsibility by managing tobacco settlement funds effectively, providing a structured approach to revenue generation in a complex legal and economic landscape.
This information is meant to be a general summary of Niagara Tobacco Asset Securitization Corporation. 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: $214,727
- Program Service Revenue: $4,047,774
- Gross Receipts: $4,262,501
Assets and Liabilities:
- Total Assets: $7,163,718
- Total Liabilities: $60,047,655
- Net Assets: -$52,883,937
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tobacco Settlement Rev
Revenue
$4,047,774
Organization Details
Founding Year
2000
Phone
(716) 438-9438Principal Officer
Karen S Castle
Main Address
175 Hawley Street, Lockport, NY, 14094
Website
www.niagaracounty.comNTEE Category
Code: W20 - Public benefit
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