Robert Cullen Trust No 105 C/O Flanagan State Bank

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

EIN: 376203948 ✦ Flanagan, IL ✦ Designated as a 501(c)(3)

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Overview

What is Robert Cullen Trust No 105 C/O Flanagan State Bank?

The Robert Cullen Trust No 105 C/O Flanagan State Bank is a nonprofit entity based in Flanagan, Illinois. The trust receives income from a property donation, which it then distributes to six local churches in the area. This income is utilized to supplement the religious services and activities provided by these churches. The trust's mission is to provide financial support to these six churches, serving as a means to enhance their religious endeavors in the community.

Is Robert Cullen Trust No 105 C/O Flanagan State Bank legitimate?

Robert Cullen Trust No 105 C/O Flanagan State Bank is a legitimate nonprofit organization registered as a 501(c)(3) entity. Robert Cullen Trust No 105 C/O Flanagan State Bank 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 Robert Cullen Trust No 105 C/O Flanagan State Bank?

The Robert Cullen Trust No 105, managed by Flanagan State Bank, is not explicitly stated to have a mission statement. However, its primary activity can be inferred as distributing the income it receives from donations to six churches, located in an unspecified location, for general religious purposes. The income from this trust was utilized to support these six local churches, with the grants serving to supplement the services they provide.

Who is the CEO of Robert Cullen Trust No 105 C/O Flanagan State Bank?

Kent Schwerin is the Trustee of Robert Cullen Trust No 105 C/O Flanagan State Bank.

What is the revenue of Robert Cullen Trust No 105 C/O Flanagan State Bank?

Robert Cullen Trust No 105 C/O Flanagan State Bank's revenue in 2022 was $129,595.

Who are the executives of Robert Cullen Trust No 105 C/O Flanagan State Bank and what are their salaries?


There is 1 key member and their salary:


Flanagan State Bank Flanagan Il (Trustee)
  • Compensation: $19,085
  • Related: $0
  • Other: $0
Where can I find the form 990 for Robert Cullen Trust No 105 C/O Flanagan State Bank?

Robert Cullen Trust No 105 C/O Flanagan State Bank's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Robert Cullen Trust No 105 C/O Flanagan State Bank

The Robert Cullen Trust No 105 C/O Flanagan State Bank is a philanthropic entity that has a mission to distribute the income derived from a donated property. This mission is carried out by distributing the income to six churches located in Flanagan, Illinois. This income is intended to be used for general religious purposes within these churches. The trust has been instrumental in supporting these local religious institutions, providing them with grants that aid in supplementing the services they offer. By doing so, the Robert Cullen Trust No 105 C/O Flanagan State Bank contributes to the religious community in Flanagan, Illinois, ensuring the continued operation and growth of these churches.

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Impact




October, 2024

Robert Cullen Trust No 105 C/O Flanagan State Bank plays a vital role in supporting the religious community in Flanagan, Illinois. By investing property received from donors, the trust generates income that is distributed to six local churches. This funding is used for general religious purposes, significantly enhancing the services and outreach activities of these congregations.

The income provided by the trust helps supplement the operational costs of the churches, allowing them to expand their programs and services. This financial support enables the churches to better serve their congregants and the community at large, fostering a stronger sense of community and faith involvement. Through its impact, the trust ensures that local churches have the resources they need to fulfill their missions and support the spiritual needs of the residents in Flanagan.




This information is meant to be a general summary of Robert Cullen Trust No 105 C/O Flanagan State Bank. 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
$129,595 (2022)
Expenses
$139,585 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $26
  • Gross Receipts: $276,963

Assets and Liabilities:

  • Total Assets: $1,332,854
  • Total Liabilities: $0
  • Net Assets: $1,332,854

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Organization Details

Founding Year

1982

Principal Officer

Kent Schwerin

Main Address

PO BOX 368, FLANAGAN, IL, 61740

NTEE Category

Code: X11 - Religion related

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