Overview
What is John Barnes Trustees Inc Abington Friends Meeting?
John Barnes Trustees Inc, located at 520 Meetinghouse Road, Jenkintown, Pennsylvania 19046, is a nonprofit organization established with the primary purpose of managing investments and property on behalf of its beneficial owners, Abington Monthly Meeting of Friends and Abington Friends School. The corporation has held legal title to these properties and investments, collected rental income derived from them, and distributed this income to Abington Friends School and its related endeavors. The corporation's sole activity since its inception has been to maintain and rent out these properties, contributing to the overall mission of its beneficiary institutions.
Is John Barnes Trustees Inc Abington Friends Meeting legitimate?
John Barnes Trustees Inc Abington Friends Meeting is a legitimate nonprofit organization registered as a 501(c)(2) entity. John Barnes Trustees Inc Abington Friends Meeting 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.
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What is the mission statement of John Barnes Trustees Inc Abington Friends Meeting?
The John Barnes Trustees Inc, associated with Abington Friends Meeting, has been primarily focused on managing investments and property since its inception. The primary objective of this organization is to oversee and rent out such properties on behalf of the beneficial owners, namely Abington Monthly Meeting of Friends and Abington Friends School. The corporation holds legal title to these properties and investments, collects the associated rent and income, and then distributes this income to Abington Friends School and its related purposes. While the information does not provide a specific mission statement, it can be inferred that the mission of John Barnes Trustees Inc is to support and maintain the properties and investments for the benefit of the associated organizations.
Who is the CEO of John Barnes Trustees Inc Abington Friends Meeting?
W Bruce Beaton Iv is the President of John Barnes Trustees Inc Abington Friends Meeting.
What is the revenue of John Barnes Trustees Inc Abington Friends Meeting?
John Barnes Trustees Inc Abington Friends Meeting's revenue in 2022 was $671,435.
Who are the executives of John Barnes Trustees Inc Abington Friends Meeting and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for John Barnes Trustees Inc Abington Friends Meeting?
John Barnes Trustees Inc Abington Friends Meeting's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of John Barnes Trustees Inc Abington Friends Meeting
John Barnes Trustees Inc Abington Friends Meeting has been committed to its mission since its inception. The primary role of this organization is to manage investments and property on behalf of its beneficiaries, namely Abington Monthly Meeting of Friends and Abington Friends School. The corporation holds legal title to these assets, collects rent and income generated from them, and distributes the total income to Abington Friends School and its associated purposes. In essence, John Barnes Trustees Inc Abington Friends Meeting serves as a steward, ensuring the proper use and maintenance of its benefactors' investments and properties.
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Impact
October, 2024
John Barnes Trustees Inc Abington Friends Meeting significantly impacts the community through its management of investments and properties for the benefit of the Abington Monthly Meeting of Friends and Abington Friends School. By holding legal title to these assets, the organization ensures that the income generated from property rentals and investments supports the educational and community-oriented initiatives of Abington Friends School. This stewardship not only maintains the physical assets but also provides essential financial resources that contribute to the school’s mission and services. Ultimately, the corporation plays a vital role in sustaining the legacy and operations of community-focused organizations, fostering a supportive environment for education and religious activities in the region.
This information is meant to be a general summary of John Barnes Trustees Inc Abington Friends Meeting. 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: $685,229
- Gross Receipts: $839,498
Assets and Liabilities:
- Total Assets: $20,405,735
- Total Liabilities: $5,000
- Net Assets: $20,400,735
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Organization Details
Founding Year
2007
Phone
(215) 979-1302Principal Officer
W Bruce Beaton Iv
Main Address
520 MEETINGHOUSE ROAD, JENKINTOWN, PA, 19046
NTEE Category
Code: X122 - Religion related
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