Overview
What is Gf Patterson Fair Trust Prospect Bank?
Gf Patterson Fair Trust Prospect Bank is a charitable trust situated in Paris, Illinois. Its primary purpose is to assist the Edgar County Fair Association, a non-profit entity based in Edgar County, Illinois. The trust provides financial support to the association, helping it fulfill its mission. The Edgar County Fair Association has been exempt from paying taxes since 1952, as recognized by the Internal Revenue Service. The trust's activities aim to bolster the association's operations, contributing positively to the local community.
Is Gf Patterson Fair Trust Prospect Bank legitimate?
Gf Patterson Fair Trust Prospect Bank is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gf Patterson Fair Trust Prospect Bank 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 Gf Patterson Fair Trust Prospect Bank?
Gf Patterson Fair Trust Prospect Bank does not have a publicly stated mission statement. However, its primary activity is to provide financial assistance to the Edgar County Fair Association, a tax-exempt organization, to help maintain and support its operations. The bank, located in Paris, IL, provides distributions to aid the association's causes. This indicates that the bank's purpose is to contribute to the success and continuation of the local fair in Edgar County, Illinois.
Who is the CEO of Gf Patterson Fair Trust Prospect Bank?
Prospect Bank is the Trustee of Gf Patterson Fair Trust Prospect Bank.
What is the revenue of Gf Patterson Fair Trust Prospect Bank?
Gf Patterson Fair Trust Prospect Bank's revenue in 2022 was $60,434.
Who are the executives of Gf Patterson Fair Trust Prospect Bank and what are their salaries?
There is 1 key member and their salary:
- Compensation: $950
- Related: $0
- Other: $0
Where can I find the form 990EZ for Gf Patterson Fair Trust Prospect Bank?
Gf Patterson Fair Trust Prospect Bank's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Gf Patterson Fair Trust Prospect Bank
Gf Patterson Fair Trust Prospect Bank is a dedicated entity that supports the Edgar County Fair Association in Illinois. This nonprofit organization, recognized as tax-exempt since 1952, receives financial aid from the trust to further its goals. The mission of Gf Patterson Fair Trust Prospect Bank, in essence, is to bolster the Edgar County Fair Association and contribute to its objectives. By providing distributions, the trust enables the association to continue its operations and serve the community effectively. This partnership between Gf Patterson Fair Trust Prospect Bank and the Edgar County Fair Association underlines a shared commitment to community development and fostering local events.
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Impact
October, 2024
Gf Patterson Fair Trust Prospect Bank plays a significant role in the sustainability and growth of the Edgar County Fair Association in Edgar County, Illinois. By providing financial support through distributions, it helps ensure that the annual fair can continue to operate, offering a platform for community engagement, agricultural education, and local entertainment. This support not only contributes to the fair's present activities but also assists in long-term planning and improvements, fostering a vibrant community spirit and preserving local traditions.
The trust's contributions enable the fair association to host events that bring people together, strengthening social ties in the area. Furthermore, by promoting local agriculture and showcasing regional talents, the trust enhances the cultural fabric of Edgar County, enriching the lives of residents and visitors alike. As a result, Gf Patterson Fair Trust Prospect Bank significantly impacts community cohesion and the local economy through its support of this longstanding tradition.
This information is meant to be a general summary of Gf Patterson Fair Trust Prospect 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $60,434
- Gross Receipts: $60,434
Assets and Liabilities:
- Total Assets: $307,505
- Total Liabilities: $10,125
- Net Assets: $297,380
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Organization Details
Phone
(217) 465-4154Principal Officer
Prospect Bank
Main Address
PO BOX 400, PARIS, IL, 61944
NTEE Category
Code: T30 - Philanthropy
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