Overview
What is The Mt Vernon Community Trust Co First Knox National Bank?
The Mt Vernon Community Trust Co First Knox National Bank serves as a conduit for charitable donations, channeling funds to The Community Foundation of Mount Vernon and Knox County. This nonprofit organization does not retain the donations but instead distributes them to the aforementioned foundation. Moreover, the trust also manages estate contributions made in its name, directing them to the Knox County Foundation. This organization essentially acts as a bridge, connecting donors with their chosen causes within the wider community.
Is The Mt Vernon Community Trust Co First Knox National Bank legitimate?
The Mt Vernon Community Trust Co First Knox National Bank is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Mt Vernon Community Trust Co First Knox National Bank 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 The Mt Vernon Community Trust Co First Knox National Bank?
The Mt Vernon Community Trust Co First Knox National Bank does not have a explicitly stated mission statement, but its primary activity involves collecting donations from contributors and subsequently transferring these funds to The Community Foundation of Mount Vernon and Knox County. Once transferred, the Community Foundation of Mount Vernon and Knox County distributes these funds according to their own mission and objectives. Additionally, the bank passes on estate contributions received in the Community Trust's name to the Knox County Foundation. In essence, the bank serves as a conduit for donations to reach these foundations, enabling them to carry out their respective missions and initiatives.
Who is the CEO of The Mt Vernon Community Trust Co First Knox National Bank?
See Community Foundation Mvkc is the Trustee of The Mt Vernon Community Trust Co First Knox National Bank.
What is the revenue of The Mt Vernon Community Trust Co First Knox National Bank?
The Mt Vernon Community Trust Co First Knox National Bank's revenue in 2022 was $0.
Who are the executives of The Mt Vernon Community Trust Co First Knox National Bank and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for The Mt Vernon Community Trust Co First Knox National Bank?
The Mt Vernon Community Trust Co First Knox National Bank's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of The Mt Vernon Community Trust Co First Knox National Bank
The Mount Vernon Community Trust Co First Knox National Bank, in its role, serves as a conduit for donations received by the organization. This financial institution transfers these contributions directly to The Community Foundation of Mount Vernon and Knox County. Once the funds are with the Community Foundation, they are then distributed to various initiatives and causes within the community. Moreover, the organization also handles estate contributions made in its name, transferring these contributions to the Knox County Foundation. In essence, The Mount Vernon Community Trust Co First Knox National Bank functions as a facilitator, ensuring that donations made to their organization are effectively and efficiently channeled to support the community's needs.
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Impact
October, 2024
The Mt Vernon Community Trust Co First Knox National Bank plays a vital role in enhancing the philanthropic landscape of Mount Vernon and Knox County. By receiving contributions from donors and seamlessly transferring these funds to The Community Foundation of Mount Vernon and Knox County, the trust ensures that financial resources are effectively utilized to address community needs.
Through its efficient pass-through mechanism, the organization not only facilitates immediate support for local initiatives but also manages estate contributions, thereby enhancing the community's long-term financial wellness. This structured approach enables targeted distribution of resources, supporting various programs and services that improve the quality of life in the region. Ultimately, its impact reverberates through reinforced community initiatives, enriched local services, and strengthened civic engagement, solidifying its importance in the philanthropic framework of Mount Vernon and Knox County.
This information is meant to be a general summary of The Mt Vernon Community Trust Co First Knox National Bank. 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.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Principal Officer
See Community Foundation Mvkc
Main Address
ONE SOUTH MAIN STREET, MOUNT VERNON, OH, 43050
NTEE Category
Code: T31 - Philanthropy
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