Overview
What is Teachers Annuity & Aid Association C/O Jay Parks Greater Cinti Cu?
Teachers Annuity & Aid Association C/O Jay Parks Greater Cinti Cu is a nonprofit organization situated in Cincinnati, Ohio. Its primary mission is to offer retirement annuities, death benefits, and aid annuities to educators who initially begin their teaching careers in Hamilton County. The association's purpose is to provide financial security and support for these teachers during their retirement. With a workforce of three individuals, the organization plays a significant role in supporting the financial well-being of its members. The funds for these benefits are sourced from investments, ensuring that the income is distributed in a sustainable manner.
Is Teachers Annuity & Aid Association C/O Jay Parks Greater Cinti Cu legitimate?
Teachers Annuity & Aid Association C/O Jay Parks Greater Cinti Cu is a legitimate nonprofit organization registered as a 501(c)(11) entity. Teachers Annuity & Aid Association C/O Jay Parks Greater Cinti Cu 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: $9,600
For more financial information, click here
What is the mission statement of Teachers Annuity & Aid Association C/O Jay Parks Greater Cinti Cu?
The Teachers Annuity & Aid Association's primary mission is to offer retirement annuities, death benefits, and aid annuities to teachers who initially began their teaching careers in an unspecified location. The organization's primary aim is to provide financial security for these educators in their retirement or in the event of their demise. The income generated from investments is distributed in the form of annuities, death benefits, and aid annuities. Retired and disabled teachers from the educational system receive the same annuity as the regular members. The Association ensures equal benefits for all eligible members, providing a sense of financial stability and peace of mind.
Who is the CEO of Teachers Annuity & Aid Association C/O Jay Parks Greater Cinti Cu?
Jay Parks is the President of Teachers Annuity & Aid Association C/O Jay Parks Greater Cinti Cu.
What is the revenue of Teachers Annuity & Aid Association C/O Jay Parks Greater Cinti Cu?
Teachers Annuity & Aid Association C/O Jay Parks Greater Cinti Cu's revenue in 2022 was $258,798.
Who are the executives of Teachers Annuity & Aid Association C/O Jay Parks Greater Cinti Cu and what are their salaries?
The average compensation at Teachers Annuity & Aid Association C/O Jay Parks Greater Cinti Cu during 2022 was $3,200. There are 3 employees at Teachers Annuity & Aid Association C/O Jay Parks Greater Cinti Cu.
Here are 9 key members and their salaries:
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- Compensation: $3,200
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- Compensation: $3,200
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- Compensation: $3,200
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Where can I find the form 990 for Teachers Annuity & Aid Association C/O Jay Parks Greater Cinti Cu?
Teachers Annuity & Aid Association C/O Jay Parks Greater Cinti Cu's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Teachers Annuity & Aid Association C/O Jay Parks Greater Cinti Cu
The Teachers Annuity & Aid Association, a notable organization, is committed to providing retirement annuities, death benefits, and aid annuities for teachers who initially begin their teaching careers in Hamilton County. This nonprofit's mission is centered around securing financial stability for these educators during their retirement years or in the event of untimely demise. Additionally, the association offers aid annuities for teachers who may face disability, ensuring they receive similar benefits to their retired counterparts. All income generated from the association's investments are utilized to distribute these annuities, death benefits, and aid annuities.
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Impact
October, 2024
Teachers Annuity & Aid Association C/O Jay Parks Greater Cincinnati Credit Union plays a crucial role in supporting educators in Hamilton County by providing financial security through retirement annuities, death benefits, and aid annuities. The association's model ensures that all income generated from investments is directly allocated to its members, enabling both retired and disabled educators to access the same annuity benefits as their active counterparts. This commitment to equitable support reinforces the financial well-being of teachers, helping them focus on their educational missions without the burden of uncertain financial futures. By safeguarding the livelihoods of those who dedicate their careers to education, the association fosters a more stable and supportive environment for teaching professionals in the region.
This information is meant to be a general summary of Teachers Annuity & Aid Association C/O Jay Parks Greater Cinti Cu. 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: $254,030
- Gross Receipts: $758,797
Assets and Liabilities:
- Total Assets: $5,325,002
- Total Liabilities: $0
- Net Assets: $5,325,002
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Organization Details
Founding Year
1957
Phone
(513) 559-0585Principal Officer
Jay Parks
Main Address
7221 MONTGOMERY ROAD, CINCINNATI, OH, 45236
NTEE Category
Code: Y30 - Mutual benefit
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