Overview
What is Life Enrichment Trust Inc?
Life Enrichment Trust Inc, situated in Pittsburgh, Pennsylvania, is a nonprofit organization dedicated to supporting individuals with disabilities. Their primary focus is to ensure the financial stability of individuals receiving Social Security, Supplemental Security Income, and/or Medicaid, without jeopardizing their eligibility for these crucial benefits. As a court-approved corporate fiduciary, Life Enrichment Trust meticulously adheres to Social Security and Medicaid regulations and guidelines. They manage various types of trusts, including pooled special needs trusts, self-settled "payback" special needs trusts, third-party special needs trusts, minors' trusts, and educational trusts. By doing so, they safeguard the assets of beneficiaries, maintain their eligibility for essential services, and ultimately enrich their lives. For further information, visit their website at www.lifeenrichmenttrust.org.
Official website here: www.lifeenrichmenttrust.org
Is Life Enrichment Trust Inc legitimate?
Life Enrichment Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Life Enrichment Trust Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $418,605
For more financial information, click here
Official website here: www.lifeenrichmenttrust.org
What is the mission statement of Life Enrichment Trust Inc?
Life Enrichment Trust Inc's mission is to serve as a court-approved corporate fiduciary for individuals with disabilities. The organization's primary goal is to protect the assets of beneficiaries and preserve their eligibility for necessary services. Simultaneously, it aims to enrich the lives of these individuals. Life Enrichment Trust enables individuals receiving social security, supplemental security income, and/or medical assistance to secure their financial futures without jeopardizing their monthly income, medical insurance, or other governmental benefits. The trust complies fully with all Social Security and Medicaid regulations and guidelines. Types of trusts managed by Life Enrichment Trust include pooled special needs trusts, self-settled "payback" special needs trusts, third-party special needs trusts, minors trusts, and educational trusts.
Official website here: www.lifeenrichmenttrust.org
Who is the CEO of Life Enrichment Trust Inc?
Rick D Senft is the Ceo & President of Life Enrichment Trust Inc. The CEO's salary of Life Enrichment Trust Inc is $0 and their total compensation is $993,011.
Official website here: www.lifeenrichmenttrust.org
What is the revenue of Life Enrichment Trust Inc?
Life Enrichment Trust Inc's revenue in 2022 was $1,476,508.
Official website here: www.lifeenrichmenttrust.org
Who are the executives of Life Enrichment Trust Inc and what are their salaries?
There 7 volunteers at Life Enrichment Trust Inc.
Here are 14 key members and their salaries (Life Enrichment Trust Inc's CEO's salary is $0 and their total compensation is $993,011):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $237,238
- Other: $35,400
- Compensation: $0
- Related: $207,775
- Other: $23,747
- Compensation: $0
- Related: $365,908
- Other: $38,723
- Compensation: $0
- Related: $957,664
- Other: $35,347
- Compensation: $0
- Related: $519,919
- Other: $38,836
- Compensation: $0
- Related: $278,739
- Other: $9,447
- Compensation: $0
- Related: $327,604
- Other: $0
Official website here: www.lifeenrichmenttrust.org
Where can I find the form 990 for Life Enrichment Trust Inc?
Life Enrichment Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lifeenrichmenttrust.org
Learn more at the official website: www.lifeenrichmenttrust.org
Mission Statement of Life Enrichment Trust Inc
Life Enrichment Trust Inc, a court-approved corporate fiduciary, is dedicated to serving individuals with disabilities. Its mission is threefold: first, to protect the assets of beneficiaries; second, to preserve their eligibility for necessary services; and third, to enrich their lives. By taking on this role, the trust enables individuals receiving Social Security, Supplemental Security Income, and/or Medicaid to secure a financial future without jeopardizing their sources of monthly income, medical insurance, or other governmental benefits. As a fiduciary, Life Enrichment Trust's primary focus is to maintain the beneficiaries' eligibility and fully comply with all Social Security and Medicaid regulations and guidelines. The organization offers various types of trusts, including pooled special needs trusts, self-settled "payback" special needs trusts, third-party special needs trusts, minors trusts, and educational trusts.
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Impact
October, 2024
Life Enrichment Trust Inc. has a profound impact on individuals with disabilities by serving as a court-approved corporate fiduciary, which plays a crucial role in safeguarding their financial futures. By managing pooled special needs trusts and various types of fiduciary accounts, the organization ensures that beneficiaries can maintain their eligibility for essential government services such as Social Security, Supplemental Security Income, and Medical Assistance.
This support not only protects the assets of individuals with disabilities but also enriches their lives by enabling them to enjoy greater financial stability without jeopardizing their existing benefits. With a focus on compliance with Social Security and Medicaid regulations, Life Enrichment Trust effectively navigates the complexities of financial management for its beneficiaries, allowing them to secure resources for education, health, and personal well-being. This holistic approach significantly enhances the quality of life for individuals with disabilities, empowering them to lead more fulfilling and independent lives.
This information is meant to be a general summary of Life Enrichment Trust Inc. 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.
- Program Service Revenue: $1,475,416
- Gross Receipts: $1,476,508
Assets and Liabilities:
- Total Assets: $89,933,967
- Total Liabilities: $87,208,237
- Net Assets: $2,725,730
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRUST MANAGEMENT FEES
Revenue
$1,475,416
Organization Details
Founding Year
2004
Phone
(412) 820-1010Principal Officer
Rick D Senft
Main Address
100 PASSAVANT WAY, PITTSBURGH, PA, 15238
Website
www.lifeenrichmenttrust.orgNTEE Category
Code: E196 - Health
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