Overview
What is Gust K Newberg Charitable Trust?
Gust K Newberg Charitable Trust is a nonprofit organization based in Chicago, Illinois. Its primary function is to manage and reinvest its assets, with the intention of distributing 100% of the net income quarterly to its listed beneficiaries, as outlined in its trust document. The beneficiaries and the amount distributed for the year are detailed in Schedule I. The trust's mission is focused on financial management and distribution, with the specifics of beneficiaries and distributions provided in the attached schedule.
Is Gust K Newberg Charitable Trust legitimate?
Gust K Newberg Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gust K Newberg Charitable 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $98,192
For more financial information, click here
What is the mission statement of Gust K Newberg Charitable Trust?
The Gust K Newberg Charitable Trust's primary objective is to invest and reinvest its assets, with a commitment to distribute 100% of its net income quarterly. These distributions are made to the beneficiaries listed in the trust document, as specified in the trust agreement. The amount distributed to each beneficiary for the year is detailed in Schedule I. The Trust's mission is centered around managing its assets and distributing income to its designated beneficiaries.
Who is the CEO of Gust K Newberg Charitable Trust?
Stephen A Kuhn is the Trustee of Gust K Newberg Charitable Trust.
What is the revenue of Gust K Newberg Charitable Trust?
Gust K Newberg Charitable Trust's revenue in 2022 was $2,979,060.
Who are the executives of Gust K Newberg Charitable Trust and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $32,731
- Related: $0
- Other: $0
- Compensation: $32,731
- Related: $0
- Other: $0
- Compensation: $32,730
- Related: $0
- Other: $0
Where can I find the form 990 for Gust K Newberg Charitable Trust?
Gust K Newberg Charitable Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gust K Newberg Charitable Trust
Gust K Newberg Charitable Trust is an organization dedicated to investing and reinvesting its assets with a specific purpose. The trust distributes 100% of its net income quarterly, as defined in its trust document, to its listed beneficiaries. The beneficiaries and the amount distributed for the year are detailed in a schedule attached to the trust document. The trust's primary activity is to manage its assets and distribute the income to those beneficiaries as outlined in its trust agreement.
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Impact
October, 2024
Gust K Newberg Charitable Trust plays a crucial role in providing financial support to its beneficiaries in Chicago, Illinois. By investing and reinvesting its trust assets, it ensures a sustainable source of income, distributing 100% of the net income quarterly. This strategic approach allows for consistent funding to various designated beneficiaries, which can significantly enhance their operations and community impact. The trust's commitment to transparency is reflected in its documentation of grants and distributions, ensuring that stakeholders can clearly see how funds are allocated. Through these actions, Gust K Newberg Charitable Trust fosters mutual benefit and supports various causes aligned with its mission.
This information is meant to be a general summary of Gust K Newberg Charitable 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 2022.
- Investment Income: $2,979,060
- Gross Receipts: $4,112,367
Assets and Liabilities:
- Total Assets: $24,657,029
- Total Liabilities: $112,371
- Net Assets: $24,544,658
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Organization Details
Founding Year
1988
Phone
(630) 416-7700Principal Officer
Stephen A Kuhn
Main Address
8770 W BRYN MAWR AVE STE 710, CHICAGO, IL, 60631
NTEE Category
Code: Y20 - Mutual benefit
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