Overview
What is Yocum Family Perpetual Charitable Trust?
The Yocum Family Perpetual Charitable Trust is a philanthropic organization established with the purpose of providing ongoing support to various qualified nonprofits. These organizations must align with specific sections of the Internal Revenue Code and continue to exist as outlined in the trust agreement. The trust's objective is to contribute financially to these organizations, thereby extending its support and aid to their respective missions and causes.
Is Yocum Family Perpetual Charitable Trust legitimate?
Yocum Family Perpetual Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Yocum Family Perpetual Charitable 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: $569,920
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Yocum Family Perpetual Charitable Trust?
The Yocum Family Perpetual Charitable Trust was established with the mission to support one or more organizations that fall under certain categories as outlined in specific sections of the Internal Revenue Code (IRC) of 1986. These organizations must be in existence and continue to adhere to the criteria outlined in the trust agreement. The trust's primary purpose is to provide financial assistance to these organizations, contributing to their ongoing operations and initiatives. The specific activities or objectives of the supported organizations are not detailed in the provided information.
Who is the CEO of Yocum Family Perpetual Charitable Trust?
Unavailable
What is the revenue of Yocum Family Perpetual Charitable Trust?
Yocum Family Perpetual Charitable Trust's revenue in 2022 was $2,842,471.
Who are the executives of Yocum Family Perpetual Charitable Trust and what are their salaries?
There 2 volunteers at Yocum Family Perpetual Charitable Trust.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $569,920
- Related: $0
- Other: $0
Where can I find the form 990 for Yocum Family Perpetual Charitable Trust?
Yocum Family Perpetual Charitable Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Yocum Family Perpetual Charitable Trust
The Yocum Family Perpetual Charitable Trust, established with a specific mission in mind, aims to support one or more organizations that fall under the categories outlined in Sections 170(b)(1)(a), 170(c), 2055(a), and 2522(a) of the 1986 Internal Revenue Code. This charitable trust is committed to providing its support only to those organizations that remain in existence and are listed in the trust agreement. By doing so, the Yocum Family Perpetual Charitable Trust plays a crucial role in contributing to the mission and activities of these selected organizations, ultimately making a positive impact in various sectors. The trust's mission is to offer its resources to eligible organizations, ensuring they continue to serve their intended purposes and contribute to the betterment of society.
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Impact
October, 2024
Yocum Family Perpetual Charitable Trust significantly impacts various organizations by providing ongoing financial support to those that align with its mission. Established to assist entities categorized under specific sections of the Internal Revenue Code, this trust ensures that the chosen organizations can continue their operations and serve their communities effectively. By facilitating sustained funding for these groups, Yocum Family Perpetual Charitable Trust helps address pressing societal needs, from education and health to the arts and community development.
The trust's commitment supports organizations as long as they are in existence and qualify under the trust agreement. This structure allows for a long-term approach to philanthropy, ensuring that the essential services provided by these organizations remain available to those who depend on them. By reinforcing their missions, the trust helps create more stable and resilient communities, ultimately enhancing the overall quality of life for many.
This information is meant to be a general summary of Yocum Family Perpetual Charitable 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: $2,842,471
- Gross Receipts: $3,025,196
Assets and Liabilities:
- Total Assets: $58,345,538
- Total Liabilities: $0
- Net Assets: $58,345,538
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Organization Details
Founding Year
1992
Phone
(302) 651-1942Main Address
1100 NORTH MARKET STREET, WILMINGTON, DE, 198900001
NTEE Category
Code: T00 - Philanthropy
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