Overview
What is The Martha Hursh Yowell Charitable Trust W Peithmann & J Sandburg Co-Trustees?
The Martha Hursh Yowell Charitable Trust W Peithmann & J Sandburg Co-Trustees is a nonprofit organization with a specific mission. Established with an address in Mahomet, Illinois, the primary objective of this trust is to distribute a significant portion of its net income to the Preacher's Aid Society and Benefit Fund of the United Methodist Church, Illinois Great Rivers Conference, in Springfield, Illinois. This fund is intended for religious or charitable purposes, as outlined in Martha E. Yowell's last will and testament. The trust is classified as a Type I 509(a)(3) supporting organization, which means its purpose is to raise and distribute income to the designated beneficiaries, in this case, the Methodist Preachers Aid Society and Benefit Fund in Springfield, Illinois, and Evenglow Lodge in Pontiac, Illinois.
Is The Martha Hursh Yowell Charitable Trust W Peithmann & J Sandburg Co-Trustees legitimate?
The Martha Hursh Yowell Charitable Trust W Peithmann & J Sandburg Co-Trustees is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Martha Hursh Yowell Charitable Trust W Peithmann & J Sandburg Co-Trustees 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:
Executive Compensation: $26,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Martha Hursh Yowell Charitable Trust W Peithmann & J Sandburg Co-Trustees?
The Martha Hursh Yowell Charitable Trust, overseen by W Peithmann and J Sandburg as co-trustees, is a supporting organization with a specific purpose. Its primary role is to gather and distribute income to two beneficiaries: the Methodist Preachers Aid Society and Benefit Fund in Springfield, Illinois, and Evenglow Lodge in Pontiac, Illinois. According to its mission, the trust is committed to distributing 70% of its net income for religious or charitable purposes, as directed by the last will and testament of Martha E. Yowell. The trust's activities are guided by Article Thirteen of that will.
Who is the CEO of The Martha Hursh Yowell Charitable Trust W Peithmann & J Sandburg Co-Trustees?
Joellen Sandburg is the Trustee of The Martha Hursh Yowell Charitable Trust W Peithmann & J Sandburg Co-Trustees.
What is the revenue of The Martha Hursh Yowell Charitable Trust W Peithmann & J Sandburg Co-Trustees?
The Martha Hursh Yowell Charitable Trust W Peithmann & J Sandburg Co-Trustees's revenue in 2022 was $865,330.
Who are the executives of The Martha Hursh Yowell Charitable Trust W Peithmann & J Sandburg Co-Trustees and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $13,000
- Related: $0
- Other: $0
- Compensation: $13,000
- Related: $0
- Other: $0
Where can I find the form 990 for The Martha Hursh Yowell Charitable Trust W Peithmann & J Sandburg Co-Trustees?
The Martha Hursh Yowell Charitable Trust W Peithmann & J Sandburg Co-Trustees's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Martha Hursh Yowell Charitable Trust W Peithmann & J Sandburg Co-Trustees
The Martha Hursh Yowell Charitable Trust W Peithmann & J Sandburg Co-Trustees is a supporting organization with a specific purpose. Its primary role is to raise and distribute income for two primary beneficiaries: the Methodist Preachers Aid Society and Benefit Fund, based in Springfield, Illinois, and Evenglow Lodge of Pontiac, Illinois. The Trust adheres to its mission, which is to distribute 70% of its net income to the Methodist Preachers Aid Society. This allocation is intended for religious or charitable purposes, as directed by Article Thirteen of the Last Will and Testament of Martha E. Yowell. In essence, the Martha Hursh Yowell Charitable Trust W Peithmann & J Sandburg Co-Trustees serves as a financial conduit, channeling resources to support the religious and charitable endeavors of these two organizations.
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Impact
October, 2024
The Martha Hursh Yowell Charitable Trust significantly impacts the community by raising and distributing funds to support religious and charitable initiatives, specifically benefitting the Methodist Preachers Aid Society and Benefit Fund of Springfield, Illinois, as well as Evenglow Lodge in Pontiac, Illinois. By allocating 70% of its net income to these organizations, the Trust ensures that vital resources are provided to aid clergy members and their families, reinforcing the mission of the United Methodist Church in the Illinois Great Rivers Conference.
Through its financial contributions, the Trust plays a crucial role in sustaining programs that offer assistance, promote wellbeing, and enhance the lives of those involved in the church community. Its focus on charitable purposes, as specified in Martha E. Yowell's Last Will and Testament, exemplifies a commitment to philanthropy and the support of religious vocations, ultimately fostering a culture of compassion and service within the region.
This information is meant to be a general summary of The Martha Hursh Yowell Charitable Trust W Peithmann & J Sandburg Co-Trustees. 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: $315,591
- Gross Receipts: $1,735,464
Assets and Liabilities:
- Total Assets: $10,120,791
- Total Liabilities: $2,521,646
- Net Assets: $7,599,145
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Organization Details
Founding Year
2005
Phone
(217) 586-6102Principal Officer
Joellen Sandburg
Main Address
409 E Main Street POB 80, Mahomet, IL, 61853
NTEE Category
Code: T20 - Philanthropy
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