Overview
What is The Principal Trust For Life Insurance Benefits For Individual Field?
The Principal Trust for Life Insurance Benefits for Individual Field is a nonprofit entity that offers life insurance benefits to its members. This organization operates by managing funds in a trust, ensuring that the investment income is subject to taxation. The primary function of this trust is to distribute life insurance benefits to its members or their beneficiaries upon certain events, such as the member's death. The trust's activities are geared towards providing financial support and security to its members during challenging times.
Is The Principal Trust For Life Insurance Benefits For Individual Field legitimate?
The Principal Trust For Life Insurance Benefits For Individual Field is a legitimate nonprofit organization registered as a 501(c)(9) entity. The Principal Trust For Life Insurance Benefits For Individual Field 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 The Principal Trust For Life Insurance Benefits For Individual Field?
The Principal Trust for Life Insurance Benefits for Individual Field's primary mission is to offer life insurance benefits to its members. This is achieved through various programs that allow the trust to pay taxes on its investment income and distribute benefits to or for the benefit of the members. The trust serves as a source of financial support during challenging times, providing a sense of security and peace of mind to its members. The trust's activities are geared towards ensuring that members receive the financial assistance they need when they need it the most.
Who is the CEO of The Principal Trust For Life Insurance Benefits For Individual Field?
Mark Konrad is the Investment Committee of The Principal Trust For Life Insurance Benefits For Individual Field.
What is the revenue of The Principal Trust For Life Insurance Benefits For Individual Field?
The Principal Trust For Life Insurance Benefits For Individual Field's revenue in 2022 was $889,232.
Who are the executives of The Principal Trust For Life Insurance Benefits For Individual Field and what are their salaries?
Here are 16 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Principal Trust For Life Insurance Benefits For Individual Field?
The Principal Trust For Life Insurance Benefits For Individual Field's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Principal Trust For Life Insurance Benefits For Individual Field
The Principal Trust for Life Insurance Benefits for Individual Field is dedicated to providing life insurance benefits to its members. This nonprofit organization achieves its mission by implementing programs that allow it to pay taxes on the investment income of the trust and distribute benefits to its members or their beneficiaries. By offering these life insurance benefits, The Principal Trust aims to provide financial security and peace of mind to its members during challenging times. The trust's focus on managing its investment income and distributing benefits to members demonstrates its commitment to supporting its members' financial well-being.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Principal Trust For Life Insurance Benefits For Individual Field plays a significant role in enhancing financial security for its members by providing essential life insurance benefits. By utilizing programs that manage and pay taxes on the trust's investment income, the organization ensures that members receive valuable financial protection for their loved ones in the event of unforeseen circumstances.
Operating in Des Moines, IA, the trust focuses on maximizing the benefits paid to its members, allowing individuals to have peace of mind knowing that their families will be supported financially. The mutual benefit approach fosters a sense of community and solidarity among members, reinforcing the importance of collective support during challenging times. Through these efforts, The Principal Trust significantly impacts the lives of its members by ensuring they have access to critical financial resources when needed most.
This information is meant to be a general summary of The Principal Trust For Life Insurance Benefits For Individual Field. 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: $609,068
- Program Service Revenue: $280,164
- Gross Receipts: $889,232
Assets and Liabilities:
- Total Assets: $14,418,974
- Total Liabilities: $0
- Net Assets: $14,418,974
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Principal Life Contributions
Revenue
$254,059
Retiree Contributions
Revenue
$26,105
Organization Details
Founding Year
2003
Phone
(515) 878-6903Principal Officer
Mark Konrad
Main Address
711 High Street, Des Moines, IA, 50392
NTEE Category
Code: Y43 - Mutual benefit
If you are a representative of The Principal Trust For Life Insurance Benefits For Individual Field and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.