Overview
What is Geappl Corporation?
Geappl Corporation is a nonprofit organization situated in Norwalk, Connecticut. Its primary function involves holding investments that yield income. After subtracting related expenses, the corporation transfers the remaining income to the General Electric Pension Trust (Gept) as per IRC Section 501(c)(2). Gept then utilizes this income, minus its own expenses, to advance its charitable objectives. Notably, Geappl Corporation does not provide any programs or services directly. Its role primarily revolves around financial management and investment.
Is Geappl Corporation legitimate?
Geappl Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Geappl Corporation 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 Geappl Corporation?
Geappl Corporation serves a unique role in supporting a pension trust, known as General Electric Pension Trust (Gept). The corporation holds investments that generate income, a portion of which is then transferred to Gept after deducting expenses, as per the Internal Revenue Code Section 501(c)(2). Geappl's contribution allows Gept to utilize the income for its exempt purposes. Notably, Geappl Corporation itself does not provide any programs or services.
Who is the CEO of Geappl Corporation?
Unavailable
What is the revenue of Geappl Corporation?
Geappl Corporation's revenue in 2022 was $41.
Who are the executives of Geappl Corporation 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 Geappl Corporation?
Geappl Corporation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Geappl Corporation
Geappl Corporation, as a nonprofit entity, is entrusted with investments that yield income. This income serves a significant role as it is transferred to the General Electric Pension Trust (Gept) following the deduction of relevant expenses, in accordance with IRC Section 501(c)(2). The purpose of Gept, in turn, is to utilize this income, after accounting for its own expenses, to advance its exempt objectives. Geappl Corporation does not engage in offering any programs or services, but rather focuses on its financial role in contributing to the pension trust's exempt activities.
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Impact
October, 2024
Geappl Corporation plays a crucial role in the financial ecosystem by managing and holding investments that generate income. This income is subsequently transferred to the General Electric Pension Trust (Gept) after the necessary expenses are deducted. Through this mechanism, Geappl Corporation supports the financial sustainability of the pension trust, enabling it to fulfill its exempt purposes effectively. With its operations based in Norwalk, CT, Geappl Corporation facilitates community improvement efforts by ensuring that the financial resources allocated to the pension trust can be used to benefit its stakeholders. Essentially, the corporation acts as a vital conduit for investment income that ultimately strengthens the economic foundation for the pensioners associated with General Electric.
This information is meant to be a general summary of Geappl 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: $41
- Gross Receipts: $41
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Phone
(203) 373-2211Main Address
901 MAIN AVENUE, NORWALK, CT, 06851
NTEE Category
Code: S47 - Community improvement
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