Overview
What is B&L Woodwaste Custodial Trust?
B&L Woodwaste Custodial Trust is a settlement trust established to address environmental claims, specifically those related to the release of hazardous substances from a contaminated dump site. Funded by Murray Pacific Corporation, this trust operates under the supervision and direction of the Washington State Department of Ecology. Its primary objective is to remediate the environmental issues arising from the dump site in accordance with the trust agreement. Although it functions as a trust, its activities are not disclosed as those of a traditional nonprofit organization, such as offering services, programs, or advocacy initiatives to the public.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating.
B&L Woodwaste Custodial Trust has received a Two-Star rating from Charity Navigator, indicating that while they demonstrate some strengths, there are notable areas for improvement. The organization scored well in areas such as having a majority independent board members and managing liabilities effectively, highlighting their commitment to financial accountability and governance.
However, significant weaknesses are apparent in their lack of an independent board size, as well as deficiencies in policies related to conflict of interest and whistleblower protections. Additionally, they did not provide sufficient documentation on their website, including tax forms and board meeting minutes, which raises concerns about transparency and accessibility of information for stakeholders.
Overall, while B&L Woodwaste Custodial Trust shows a solid program expense ratio and material diversion of assets, the absence of critical governance policies and transparency measures may hinder their effectiveness and public trust. Enhancing these areas could improve their rating and overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is B&L Woodwaste Custodial Trust legitimate?
B&L Woodwaste Custodial Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. B&L Woodwaste Custodial 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: $20,626
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of B&L Woodwaste Custodial Trust?
The B&L Woodwaste Custodial Trust, established in 2008, was created to address environmental claims caused by the release of hazardous substances from a highly contaminated dump site. The trust was instituted under the direction of the Washington State Department of Ecology, with the Murray Pacific Corporation being the funder. The trust's mission is to carry out remedial actions as per the trust agreement, in consultation with, and under the direction and approval of, the Washington State Department of Ecology, with the goal of resolving environmental issues related to the contaminated site.
What is the revenue of B&L Woodwaste Custodial Trust?
B&L Woodwaste Custodial Trust's revenue in 2024 was $322,260.
Who are the executives of B&L Woodwaste Custodial Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $20,626
- Related: $0
- Other: $0
Where can I find the form 990 for B&L Woodwaste Custodial Trust?
B&L Woodwaste Custodial Trust's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of B&L Woodwaste Custodial Trust
The B&L Woodwaste Custodial Trust, a settlement trust established in 2008, has a mission to remediate environmental claims directed by the Washington State Department of Ecology. This trust was created to address and rectify the release of hazardous substances from a highly contaminated dump site. The trust operates under the jurisdiction of the Pierce County Superior Court and is solely dedicated to the use of the Washington State Department of Ecology for the remediation of this environmental issue. The trust continues to take remedial action in accordance with the trust agreement, ensuring close collaboration and approval from the Washington State Department of Ecology.
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Impact
June, 2024
B&L Woodwaste Custodial Trust's impact lies in its contribution to remediating environmental damage caused by the release of hazardous substances from a highly contaminated dump site. The Trust is specifically tasked with carrying out remedial actions in consultation with and under the direction of the Washington State Department of Ecology. Through its activities, the Trust plays a vital role in restoring and protecting the environment in Olympia, WA, thereby safeguarding the health and well-being of the community.
This information is meant to be a general summary of B&L Woodwaste Custodial 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 2024.
- Investment Income: $76,774
- Gross Receipts: $1,832,475
Assets and Liabilities:
- Total Assets: $3,227,627
- Total Liabilities: $0
- Net Assets: $3,227,627
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Organization Details
Founding Year
2008
Principal Officer
Daniel J Silver
NTEE Category
Code: C11 - Environment
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