Overview
What is Marion Chumbley Trust?
The Marion Chumbley Trust, established in 1969, is a charitable organization situated in Champaign, IL. The trust was founded according to Marion Chumbley's will, with a clear mission to provide financial assistance to the 1st Methodist Church of Rantoul. The trust's purpose is to contribute 100% of its net income towards the church, excluding expenses related to current operations. The trust's program is solely dedicated to supporting this specific church, reflecting Marion Chumbley's intention.
Is Marion Chumbley Trust legitimate?
Marion Chumbley Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marion Chumbley Trust 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 Marion Chumbley Trust?
The Marion Chumbley Trust, established in 1969, is dedicated to fulfilling the mission outlined in Marion Chumbley's will. The primary objective of the trust is to distribute 100% of its net income for purposes other than current expenses. The trust's program is exclusively focused on providing support to a specific church, although the exact location is not specified in the provided information. The trust's activities are aimed at assisting this church in its operations, adhering to the intentions set forth by Marion Chumbley.
Who is the CEO of Marion Chumbley Trust?
Busey Bank is the Trustee of Marion Chumbley Trust.
What is the revenue of Marion Chumbley Trust?
Marion Chumbley Trust's revenue in 2022 was $129,548.
Who are the executives of Marion Chumbley Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Marion Chumbley Trust?
Marion Chumbley Trust's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Marion Chumbley Trust
The Marion Chumbley Trust, established in 1969, is a charitable organization with a distinct mission. According to Marion Chumbley's will, the trust's primary objective is to allocate its entire net income towards the 1st Methodist Church of Rantoul. However, this support is intended for purposes beyond the church's current expenses. The trust's program is singularly focused on aiding the church in its endeavors, furthering Marion Chumbley's legacy and intentions. The Marion Chumbley Trust, in essence, serves as a faithful supporter, contributing to the 1st Methodist Church of Rantoul in a manner that goes beyond day-to-day operations.
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Impact
October, 2024
The Marion Chumbley Trust significantly impacts the 1st Methodist Church of Rantoul by providing a dedicated stream of financial support, which is directed towards purposes beyond current expenses. Established in 1969 in alignment with Marion Chumbley’s wishes, the trust ensures that 100% of its net income is allocated to enhance the church’s mission, programs, and community outreach initiatives. This focused financial commitment enables the church to undertake projects, initiatives, and improvements that strengthen its capacity to serve the congregation and the wider community in Rantoul and beyond. By facilitating resources that might not otherwise be available, the trust plays a crucial role in fostering growth, sustainability, and the overall mission of the church, highlighting the lasting legacy of Marion Chumbley’s philanthropic vision.
This information is meant to be a general summary of Marion Chumbley 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: $3,130
- Gross Receipts: $129,992
Assets and Liabilities:
- Total Assets: $364,920
- Total Liabilities: $0
- Net Assets: $364,920
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Organization Details
Phone
(217) 365-4800Principal Officer
Busey Bank
Main Address
PO BOX 260, CHAMPAIGN, IL, 618240260
NTEE Category
Code: T00 - Philanthropy
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