Overview
What is Head Of The Lakes United Way Trust?
Head of the Lakes United Way Trust is a nonprofit entity based in Duluth, Minnesota, specifically located at 130 West Superior Street Suite 300. Its primary function is to receive donations, bequests, and investments, subsequently distributing the interest and dividends earned, after covering administrative expenses. This distribution is directed towards supporting the Head of the Lakes United Way, a nonprofit organization that aims to uplift the community by providing resources and assistance. The Trust serves as a financial backbone, enabling the Head of the Lakes United Way to carry out its mission of bettering lives and fostering a stronger community in the region.
Is Head Of The Lakes United Way Trust legitimate?
Head Of The Lakes United Way Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Head Of The Lakes United Way Trust 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.
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What is the mission statement of Head Of The Lakes United Way Trust?
The Head of the Lakes United Way Trust's mission is centered around receiving gifts and bequests, investing these contributions, and distributing the resulting interest and dividends, after deducting administrative expenses. This process is carried out with the intention of supporting the Head of the Lakes United Way. The trust serves as a vital source of financial aid, contributing to the United Way's efforts in the community. While the specific programs or initiatives supported by the Head of the Lakes United Way Trust are not explicitly mentioned, it is clear that the trust plays a significant role in funding the activities of this community-focused organization.
What is the revenue of Head Of The Lakes United Way Trust?
Head Of The Lakes United Way Trust's revenue in 2023 was $315,807.
Who are the executives of Head Of The Lakes United Way Trust and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Head Of The Lakes United Way Trust?
Head Of The Lakes United Way Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Head Of The Lakes United Way Trust
The Head of the Lakes United Way Trust is an entity that serves a crucial role in the community by receiving gifts and bequests, investing these items, and distributing the interest and dividends earned. This distribution process is carried out after deducting administration expenses, with the aim of contributing to the Head of the Lakes United Way. In essence, the mission of the Head of the Lakes United Way Trust is to act as a financial intermediary, utilizing donations and investments to support the initiatives and programs of the Head of the Lakes United Way.
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Impact
October, 2024
Head Of The Lakes United Way Trust significantly enhances community well-being by strategically receiving gifts and bequests, investing those resources, and distributing the resulting income to support the Head of the Lakes United Way. This process ensures that valuable funds are effectively harnessed to address various community needs in Duluth, MN, and the surrounding areas. By focusing on sustainable financial growth, the Trust amplifies its philanthropic impact, enabling the Head of the Lakes United Way to implement programs and initiatives that foster positive change and improve the quality of life for residents.
This information is meant to be a general summary of Head Of The Lakes United Way Trust. 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 2023.
- Investment Income: $122,702
- Gross Receipts: $617,621
Assets and Liabilities:
- Total Assets: $5,756,779
- Total Liabilities: $206,320
- Net Assets: $5,550,459
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Organization Details
Founding Year
1943
Principal Officer
Deanna Benson
NTEE Category
Code: T31 - Philanthropy
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