Overview
What is Patriot Oil Community Benefit Trust Fund Of 2002?
The Patriot Oil Community Benefit Trust Fund Of 2002 is a nonprofit organization that focuses on funding projects that contribute positively to the residents within its designated area. This includes initiatives that protect, enhance, educate, beautify, reward, or provide general benefits to the local community. During the COVID-19 pandemic, the organization had to adapt due to event cancellations and reduced fundraising activities. Despite the challenges, they supported various projects, such as providing funding for school equipment, roofing for a veterans' post, and sponsoring community events. The Trust Fund also maintains a reserve for the city's Holiday Parade and offers free storage space to community organizations and members.
Is Patriot Oil Community Benefit Trust Fund Of 2002 legitimate?
Patriot Oil Community Benefit Trust Fund Of 2002 is a legitimate nonprofit organization registered as a 501(c)(4) entity. Patriot Oil Community Benefit Trust Fund Of 2002 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: $0
For more financial information, click here
What is the mission statement of Patriot Oil Community Benefit Trust Fund Of 2002?
The Patriot Oil Community Benefit Trust Fund of 2002 is established with the primary mission to finance projects that contribute positively to the local community. These projects aim to protect, enhance, and beautify the area, as well as provide education and rewards to its residents. The North Valley Coalitions Board, acting as the fund's board, is responsible for evaluating and approving funding requests from various community organizations, schools, parks, and city and county departments within its boundaries, provided they directly benefit or have a connection to the area. The fund's objective is to improve the general quality of life for the community residents.
What is the revenue of Patriot Oil Community Benefit Trust Fund Of 2002?
Patriot Oil Community Benefit Trust Fund Of 2002's revenue in 2023 was $154,589.
Who are the executives of Patriot Oil Community Benefit Trust Fund Of 2002 and what are their salaries?
There 5 volunteers at Patriot Oil Community Benefit Trust Fund Of 2002.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Patriot Oil Community Benefit Trust Fund Of 2002?
Patriot Oil Community Benefit Trust Fund Of 2002's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Patriot Oil Community Benefit Trust Fund Of 2002
The Patriot Oil Community Benefit Trust Fund of 2002, hereafter referred to as POCBT2002, is a nonprofit organization with a mission to allocate funds towards projects that contribute positively to the local community. Specifically, the POCBT2002 aims to support initiatives that protect, enhance, beautify, educate, reward, or provide general benefits to the residents within its established boundaries. The North Valley Coalitions Board, serving as the POCBT2002 Funds Board, is responsible for evaluating and determining the merits of funding requests from various entities, such as residents, community organizations, schools, parks, and city and county departments, as long as they directly serve, benefit, or have a connection to the area. The POCBT2002's mission is geared towards improving the quality of life and well-being of the community it serves, focusing on projects that contribute to the overall betterment and development of the local residents.
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Impact
October, 2024
The Patriot Oil Community Benefit Trust Fund Of 2002 has significantly impacted the Granada Hills area by funding various projects aimed at enhancing, protecting, and beautifying the community. Despite challenges posed by COVID-19, which affected schools and parks, the fund has continued to support essential projects.
One notable contribution was to Robert Frost Middle School, where funding was provided for gymnasium chairs and storage racks, addressing immediate educational needs. The Trust Fund also played a crucial role in community safety and infrastructure by financing the re-roofing of Veterans of Foreign Wars Post 2323.
Additionally, ongoing sponsorships, such as the Platinum sponsorship for the Granada Hills Chamber of Commerce’s events like the Holiday Parade, and support for the Rotary Foundation’s Oktoberfest, have fostered community engagement and celebration. The Trust Fund’s partnership with the North Valley YMCA to provide Thanksgiving baskets has directly benefited families during the holiday season.
In terms of operational support, free storage solutions were offered to organizations like the Southern California Preparedness Foundation, enabling them to manage resources efficiently. The Trust Fund also ensured the continued availability of funds for potential traffic control costs related to community parades, demonstrating a commitment to local events and their seamless execution.
Overall, the Patriot Oil Community Benefit Trust Fund Of 2002 serves as a vital resource for community improvement, continually addressing the evolving needs of residents and organizations in Granada Hills.
This information is meant to be a general summary of Patriot Oil Community Benefit Trust Fund Of 2002. 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 2023.
- Program Service Revenue: $154,589
- Gross Receipts: $154,589
Assets and Liabilities:
- Total Assets: $547,255
- Total Liabilities: $0
- Net Assets: $547,255
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEGAL SETTLEMENT
Revenue
$154,589
Organization Details
Founding Year
2002
Principal Officer
Wayde Hunter
NTEE Category
Code: S20 - Community improvement
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