Overview
What is Timothy J Tuomey Trust?
The Timothy J Tuomey Trust is a nonprofit entity based in Sumter, South Carolina. Its primary mission is to financially support Prisma Health Tuomey through the Tuomey Foundation. The trust operates under an agreement, with any surplus revenue beyond expenses being transferred to the Tuomey Foundation. Additionally, any profits gained from the sale of corpus assets are reinvested. In essence, the Timothy J Tuomey Trust serves as a financial backbone for Prisma Health Tuomey, ensuring its continued operations and growth.
Is Timothy J Tuomey Trust legitimate?
Timothy J Tuomey Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Timothy J Tuomey Trust 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: $10,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Timothy J Tuomey Trust?
The Timothy J Tuomey Trust's primary objective is to support Prisma Health Tuomey, achieving this by transferring all its income to the Tuomey Foundation. This financial assistance aids in funding Prisma Health Tuomey's activities, as outlined in the trust agreement. Any surplus from revenues exceeding expenses is also directed towards the Tuomey Foundation. Additionally, any gains from the sale of corpus assets are reinvested, continuing the trust's support for Prisma Health Tuomey's operations.
Who is the CEO of Timothy J Tuomey Trust?
Unavailable
What is the revenue of Timothy J Tuomey Trust?
Timothy J Tuomey Trust's revenue in 2022 was $316,292.
Who are the executives of Timothy J Tuomey Trust and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $500
- Related: $0
- Other: $0
- Compensation: $500
- Related: $0
- Other: $0
- Compensation: $500
- Related: $0
- Other: $0
Where can I find the form 990 for Timothy J Tuomey Trust?
Timothy J Tuomey Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Timothy J Tuomey Trust
The Timothy J Tuomey Trust is dedicated to providing financial support to Prisma Health Tuomey through the Tuomey Foundation. Its mission is to transfer all income of the trust to the Tuomey Foundation, thereby offering assistance to Prisma Health Tuomey in carrying out its activities. Any surplus of revenues over expenses is transferred to the Tuomey Foundation, while any gain on the sale of corpus assets is reinvested. This continuous support ensures Prisma Health Tuomey's ability to advance its cause effectively, contributing to the well-being of the community it serves.
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Impact
October, 2024
The Timothy J Tuomey Trust significantly impacts health services by providing essential financial support to Prisma Health Tuomey. Through the revenue generated by the trust, funding is directed toward enhancing the activities and operations of Prisma Health Tuomey, ensuring the community has access to vital healthcare resources. Any surplus revenues, coupled with gains from the sale of corpus assets, are reinvested to further strengthen the foundation's capacity to deliver quality healthcare. This sustained financial backing promotes the trust's mission of fostering improved health outcomes within the Sumter, SC community.
This information is meant to be a general summary of Timothy J Tuomey Trust. 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: $316,292
- Gross Receipts: $316,292
Assets and Liabilities:
- Total Assets: $7,989,620
- Total Liabilities: $0
- Net Assets: $7,989,620
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Organization Details
Founding Year
1914
Phone
(803) 774-9014Main Address
102 N MAIN STREET, SUMTER, SC, 29150
NTEE Category
Code: E11 - Health
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