Overview
What is Packard W D Fund A Ochr?
Packard W D Fund A Ochr is a trust established in 1933, with Keybank serving as its trustee. The primary objective of this trust is to support the Warren Ohio Packard Music Hall and Band. The income generated from this fund is intended for the establishment and perpetual maintenance of a band, known as the "Packard Band." This band aims to be a source of pride for the City of Warren, providing regular, free popular concerts for the entertainment and enrichment of its residents. The Ohio Institutional Trust Funds Act of 1999 allows the beneficiaries to receive the maximum income, either based on 5% of the adjusted net asset value (AFV) or traditional income.
Is Packard W D Fund A Ochr legitimate?
Packard W D Fund A Ochr is a legitimate nonprofit organization registered as a 501(c)(3) entity. Packard W D Fund A Ochr 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: $43,131
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Packard W D Fund A Ochr?
The Packard W D Fund A Ochr, established in 1933, is a trust designed to support a community band known as the "Packard Band." The primary purpose of this band is to enhance the cultural scene and provide free entertainment for the people of the city. The trust's net income is allocated to maintaining and organizing this band, ensuring its continuous presence and high quality. Under the Ohio Institutional Trust Funds Act of 1999, the beneficiaries have opted to receive the maximum income, either as a 5% share of the asset's value or through traditional income distribution methods.
Who is the CEO of Packard W D Fund A Ochr?
Unavailable
What is the revenue of Packard W D Fund A Ochr?
Packard W D Fund A Ochr's revenue in 2022 was -$42,342.
Who are the executives of Packard W D Fund A Ochr and what are their salaries?
There is 1 key member and their salary:
- Compensation: $43,131
- Related: $0
- Other: $0
Where can I find the form 990 for Packard W D Fund A Ochr?
Packard W D Fund A Ochr's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Packard W D Fund A Ochr
The Packard W D Fund A Ochr, established in 1933, is a trust with Keybank serving as its trustee. Its primary mission is to support the Packard Music Hall and Band in Warren, Ohio. The net income from the trust fund is utilized to establish and maintain a band known as the "Packard Band." This band serves as a source of pride for the City of Warren and provides free, popular concerts for the entertainment and edification of its residents. Notably, the band is expected to perform at least one concert each month.
Under the Ohio Institutional Trust Funds Act of 1999, the beneficiaries of the fund have opted to receive the maximum income, either 5% of the adjusted net asset value (AFV) or the traditional income. This arrangement ensures the sustainable maintenance and operation of the Packard Band, ensuring that it continues to provide free entertainment and cultural enrichment to the residents of Warren, Ohio.
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Impact
October, 2024
The Packard W D Fund A Ochr significantly enhances the cultural landscape of Warren, Ohio, through its dedicated support for the Packard Band. Established in 1933, this trust ensures that the band not only exists but thrives, contributing to the community's enrichment and entertainment.
By providing funds for the ongoing organization and maintenance of the Packard Band, the trust fosters a musical tradition that benefits the residents of Warren. The band is committed to performing free popular concerts each month, allowing residents of all backgrounds to enjoy live music without financial barriers. This accessibility to the arts promotes community engagement and cultural appreciation.
The trust's strategic use of its net income under the Ohio Institutional Trust Funds Act of 1999 allows for reliable financial support, reinforcing the band's status as a valued cultural asset. Overall, the Packard W D Fund A Ochr plays a crucial role in sustaining the musical heritage of Warren, creating joyful experiences that enrich the lives of its citizens.
This information is meant to be a general summary of Packard W D Fund A Ochr. 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: -$42,342
- Gross Receipts: $1,143,737
Assets and Liabilities:
- Total Assets: $5,856,062
- Total Liabilities: $0
- Net Assets: $5,856,062
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Organization Details
Founding Year
1933
Phone
(216) 689-7663Main Address
4900 TIEDEMAN ROAD OH-01-49-0381, BROOKLYN, OH, 44144
NTEE Category
Code: A6CI - Arts
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