Nichols Foundation Co The Farmers State Bank & Trust Co

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 376022903 ✦ Jacksonville, IL ✦ Designated as a 501(c)(3)

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Overview

What is Nichols Foundation Co The Farmers State Bank & Trust Co?

The Nichols Foundation Co, in alliance with The Farmers State Bank & Trust Co, is a nonprofit organization situated in Jacksonville, Illinois. Its primary objective is to generate income, which is then utilized to procure Christmas presents for children from economically disadvantaged families residing in the same city. Additionally, the foundation collaborates with the Jacksonville Police Department to contribute towards purchasing Christmas presents for these underprivileged children. The foundation's efforts aim to bring joy and happiness during the holiday season to these families in need.

Is Nichols Foundation Co The Farmers State Bank & Trust Co legitimate?

Nichols Foundation Co The Farmers State Bank & Trust Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nichols Foundation Co The Farmers State Bank & Trust Co submitted a form 990EZ, 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.

What is the mission statement of Nichols Foundation Co The Farmers State Bank & Trust Co?

The mission of Nichols Foundation Co, in partnership with The Farmers State Bank & Trust Co, is focused on providing Christmas gifts to children from economically disadvantaged families. The income generated by the foundation is allocated towards this purpose. Additionally, the foundation collaborates with the local Jacksonville Police Department to further assist in purchasing presents for these children. By doing so, the foundation aims to bring joy and support during the holiday season to these families in need.

Who is the CEO of Nichols Foundation Co The Farmers State Bank & Trust Co?

The Farmers State Bank Trust is the Trustee of Nichols Foundation Co The Farmers State Bank & Trust Co.

What is the revenue of Nichols Foundation Co The Farmers State Bank & Trust Co?

Nichols Foundation Co The Farmers State Bank & Trust Co's revenue in 2022 was $3,996.

Who are the executives of Nichols Foundation Co The Farmers State Bank & Trust Co and what are their salaries?


There is 1 key member and their salary:


The Farmers State Bank Trust (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Nichols Foundation Co The Farmers State Bank & Trust Co?

Nichols Foundation Co The Farmers State Bank & Trust Co's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Nichols Foundation Co The Farmers State Bank & Trust Co

Nichols Foundation Co, a philanthropic organization, has a mission dedicated to supporting children from low-income families in Jacksonville, Illinois. The primary objective of the foundation is to utilize the income it generates to purchase Christmas presents for these children. In addition, the foundation collaborates with the Jacksonville Police Department in their initiative to provide Christmas gifts for underprivileged children within the same community. By doing so, the foundation aims to spread joy and bring a sense of happiness during the holiday season for these children, helping to uplift their spirits and make their lives a little brighter.

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Impact




October, 2024

Nichols Foundation Co The Farmers State Bank & Trust Co significantly impacts the Jacksonville community by ensuring that children from low-income families experience the joy of Christmas. By utilizing its income to purchase Christmas presents, the foundation directly supports families in need, fostering a sense of community and care during the holiday season. Collaborating with the Jacksonville Police Department, the foundation enhances its outreach, allowing for a more organized and effective distribution of gifts. This initiative not only meets immediate needs but also contributes to building positive relationships within the community, demonstrating a commitment to the well-being and happiness of its youngest members.




This information is meant to be a general summary of Nichols Foundation Co The Farmers State Bank & Trust Co. 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.

Revenue
$3,996 (2022)
Expenses
$4,547 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,610
  • Gross Receipts: $39,077

Assets and Liabilities:

  • Total Assets: $76,692
  • Total Liabilities: $0
  • Net Assets: $76,692

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Organization Details

Principal Officer

The Farmers State Bank Trust

Main Address

200 WEST STATE STREET, JACKSONVILLE, IL, 62650

NTEE Category

Code: Z99 - Unknown

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