Overview
What is Orville O Oliver Trust Bank Of Pontiac Trustee?
Orville O Oliver Trust Bank of Pontiac Trustee is a charitable organization, situated in Fairbury, Illinois. Its primary purpose is to honor the last will of Orville O. Oliver by providing educational scholarships to members or their children of the United Methodist Church of Chatsworth, IL. Additionally, the trust grants half of its net income to the same church for support functions. This nonprofit is committed to investing in the future of its community by supporting the education and well-being of its church members.
Is Orville O Oliver Trust Bank Of Pontiac Trustee legitimate?
Orville O Oliver Trust Bank Of Pontiac Trustee is a legitimate nonprofit organization registered as a 501(c)(3) entity. Orville O Oliver Trust Bank Of Pontiac Trustee 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 Orville O Oliver Trust Bank Of Pontiac Trustee?
Orville O Oliver Trust Bank Of Pontiac Trustee's primary mission is to provide college scholarships to members or their children of the United Methodist Church of Chatsworth, Illinois, as per the last will of Orville O. Oliver. The trust additionally grants funds to the same church for support purposes, derived from half of the net income generated by the Trust. The bank, located in Fairbury, Illinois, continues to uphold this mission, contributing to the education and support of the church community.
Who is the CEO of Orville O Oliver Trust Bank Of Pontiac Trustee?
Bank Of Pontiac is the Trustee of Orville O Oliver Trust Bank Of Pontiac Trustee.
What is the revenue of Orville O Oliver Trust Bank Of Pontiac Trustee?
Orville O Oliver Trust Bank Of Pontiac Trustee's revenue in 2022 was $106,014.
Who are the executives of Orville O Oliver Trust Bank Of Pontiac Trustee and what are their salaries?
There is 1 key member and their salary:
- Compensation: $4,723
- Related: $0
- Other: $0
Where can I find the form 990EZ for Orville O Oliver Trust Bank Of Pontiac Trustee?
Orville O Oliver Trust Bank Of Pontiac Trustee's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Orville O Oliver Trust Bank Of Pontiac Trustee
Orville O Oliver Trust Bank Of Pontiac Trustee, as per its mission, is committed to supporting the United Methodist Church of Chatsworth, IL. The primary objective of this trust is to provide college scholarships to church members or their children, in line with the last will of Orville O. Oliver. This generous contribution aims to help young individuals pursuing higher education.
In addition to the scholarship program, Orville O Oliver Trust Bank Of Pontiac Trustee also extends financial assistance to the United Methodist Church of Chatsworth, IL, by granting half of its net income towards support purposes. This holistic approach towards giving back to the community and supporting education demonstrates the trust's dedication to making a positive impact in the lives of its beneficiaries.
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Impact
October, 2024
Orville O. Oliver Trust Bank of Pontiac Trustee plays a significant role in supporting education within the community by providing financial assistance for college scholarships. By granting funds specifically to the United Methodist Church of Chatsworth, IL, it enables members and their children to pursue higher education, fostering a culture of learning and opportunity.
Additionally, the bank’s allocation of half of its net income to support the church underscores its commitment to the community, ensuring that the church can continue its mission and serve its members effectively. This dual focus on education and community support helps to strengthen the social fabric of the area, promoting both individual growth through education and collective welfare through church support. Overall, the trust aligns with the wishes of Orville O. Oliver, creating a lasting legacy that benefits future generations in a meaningful way.
This information is meant to be a general summary of Orville O Oliver Trust Bank Of Pontiac Trustee. 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: $106,014
- Gross Receipts: $106,014
Assets and Liabilities:
- Total Assets: $279,861
- Total Liabilities: $60,671
- Net Assets: $219,190
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Organization Details
Phone
(815) 692-2369Principal Officer
Bank Of Pontiac
Main Address
104 E LOCUST ST, FAIRBURY, IL, 61739
NTEE Category
Code: B82 - Education
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