Overview
What is St Paul Teachers Retirement Fund Association?
The St Paul Teachers Retirement Fund Association is a non-profit organization headquartered at 2550 UNIVERSITY AVE W SUITE 312N, St Paul, Minnesota, 55114. Its primary mission is to manage a retirement fund, providing lifetime benefits to educators who have retired from Independent School District #625. Additionally, the association offers disability benefits and survivor or beneficiary benefits as required. The organization, also known as SPTRFA, employs a team of seven individuals dedicated to collecting and investing contributions to ensure the financial security of its members in their post-retirement years.
Official website here: www.sptrfa.org
What are the reviews and ratings of this charity?
The St Paul Teachers Retirement Fund Association is currently not rated by Charity Navigator because it is not a 501(c)(3) IRS registered nonprofit. Charity Navigator evaluates nonprofits registered as 501(c)(3) for tax-exempt status and eligibility to receive tax-deductible contributions. The absence of a rating from Charity Navigator should not be taken as a positive or negative reflection of the organization, but rather as an indication that it has not been assessed under their criteria.
Charity Navigator typically assesses organizations based on various beacons such as Accountability & Finance, Impact & Measurement, Leadership & Adaptability, and Culture & Community. However, since the St Paul Teachers Retirement Fund Association is not a 501(c)(3), these methodologies cannot be applied. Historical evaluations were mainly focused on Accountability and Finance, yet no financial data like revenue or key salary figures are available in this case.
No user reviews are available for the St Paul Teachers Retirement Fund Association on GreatNonprofits, providing no additional insights from personal experiences. Overall, the lack of formal evaluation from traditional nonprofit rating agencies and direct user feedback leaves limited public information about the organization's performance or effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is St Paul Teachers Retirement Fund Association legitimate?
St Paul Teachers Retirement Fund Association is a legitimate nonprofit organization registered as a 501(c)(11) entity. St Paul Teachers Retirement Fund Association 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: $91,706
Professional Fundraising Fees: $0
Other Salaries and Wages: $308,523
For more financial information, click here
Official website here: www.sptrfa.org
What is the mission statement of St Paul Teachers Retirement Fund Association?
The St Paul Teachers Retirement Fund Association is dedicated to managing a retirement fund for educators who have served in Independent School District #625. Their primary mission is to accumulate and invest contributions for the purpose of providing lifetime retirement benefits to eligible members. Additionally, they offer disability benefits and survivor or beneficiary payments as required. The Association's focus is on maintaining a financially sound fund to ensure the security and well-being of its members in their post-retirement years.
Official website here: www.sptrfa.org
Who is the CEO of St Paul Teachers Retirement Fund Association?
Phillip Tencick is the Executive Director of St Paul Teachers Retirement Fund Association.
Official website here: www.sptrfa.org
What is the revenue of St Paul Teachers Retirement Fund Association?
St Paul Teachers Retirement Fund Association's revenue in 2022 was $156,236,974.
Official website here: www.sptrfa.org
Who are the executives of St Paul Teachers Retirement Fund Association and what are their salaries?
The average compensation at St Paul Teachers Retirement Fund Association during 2022 was $57,176. There are 7 employees at St Paul Teachers Retirement Fund Association.
Here are 11 key members and their salaries:
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Official website here: www.sptrfa.org
Where can I find the form 990 for St Paul Teachers Retirement Fund Association?
St Paul Teachers Retirement Fund Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sptrfa.org
Learn more at the official website: www.sptrfa.org
Mission Statement of St Paul Teachers Retirement Fund Association
The St Paul Teachers Retirement Fund Association is a vital organization dedicated to the collection and investment of contributions to secure retirement benefits for educators who have spent their careers in Independent School District #625. By prioritizing the well-being of its members, the association guarantees lifetime retirement benefits as well as disability and survivor or beneficiary benefits when required.
Established with a mission to meet the financial needs of retiring teachers, the St Paul Teachers Retirement Fund Association has dedicated itself to maintaining a robust retirement fund. This commitment extends beyond retirement benefits, as the association also provides essential disability and survivor or beneficiary benefits to its members as mandated. The organization's unwavering focus on financial security ensures that educators in Independent School District #625 can enjoy their golden years with peace of mind.
In essence, the St Paul Teachers Retirement Fund Association functions as a safety net for educators, offering them financial security and stability as they transition into retirement. By pooling together contributions from its members, the association generates substantial investment returns, which in turn enable it to pay out the benefits as promised. This dedicated approach to retirement planning has made the St Paul Teachers Retirement Fund Association a trusted partner for educators in ensuring their financial future.
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Impact
October, 2024
The St. Paul Teachers Retirement Fund Association plays a crucial role in the financial security of educators in Independent School District #625. By collecting and investing contributions, the Association ensures that retired members receive stable, lifetime retirement benefits. This financial support not only aids in the transition to retirement but also provides peace of mind, knowing that members have a safety net in the form of disability or survivor/beneficiary benefits when needed.
In doing so, the Association fosters a sense of community and mutual benefit among educators, reinforcing the value of their careers in education. By maintaining a dedicated retirement fund, the organization strengthens the overall stability of the educational workforce, allowing teachers to focus on their critical role in shaping future generations without the worry of financial insecurity in retirement.
This information is meant to be a general summary of St Paul Teachers Retirement Fund Association. 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: $78,355,120
- Program Service Revenue: $62,169,171
- Gross Receipts: $327,715,907
Assets and Liabilities:
- Total Assets: $1,157,197,813
- Total Liabilities: $2,770,708
- Net Assets: $1,154,427,105
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Member Contributions
Revenue
$23,099,340
Employer Contributions
Revenue
$39,069,831
Organization Details
Founding Year
1909
Phone
(651) 642-2550Principal Officer
Phillip Tencick
Main Address
2550 UNIVERSITY AVE W SUITE 312N, ST PAUL, MN, 55114
Website
www.sptrfa.orgNTEE Category
Code: Y33 - Mutual benefit
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