Overview
What is Frances M & E Lester Williams Charitable Trust?
The Frances M & E Lester Williams Charitable Trust is a nonprofit organization that adheres to Section 501(c)(3) of the Internal Revenue Service, earning its tax-exempt status. The trust's primary objective is to distribute its entire income, as outlined in its agreement, to support other Sec.501(c)(3) exempt organizations. During its fiscal year, the trust generated income through rental and interest sources. As of the provided information, the corpus portion of the trust holds a substantial value of $1,075,391. The trust's mission is to contribute to the betterment of qualifying nonprofit organizations without any expectation of raising additional funds.
Is Frances M & E Lester Williams Charitable Trust legitimate?
Frances M & E Lester Williams Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Frances M & E Lester Williams Charitable 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.
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 Frances M & E Lester Williams Charitable Trust?
The Frances M & E Lester Williams Charitable Trust's mission is centered around providing support to Section 501(c)(3) exempt organizations. In line with its Trust agreement, the trust distributes all its income without any anticipated fundraising efforts. During its fiscal year, the trust received income from rental and interest sources. The corpus portion of the trust, as of the provided information, amounts to $1,075,391. The IRS has approved the trust as a Section 501(c)(3) organization, falling under Section 501(a).
Who is the CEO of Frances M & E Lester Williams Charitable Trust?
Norm Bach is the Trustee of Frances M & E Lester Williams Charitable Trust.
What is the revenue of Frances M & E Lester Williams Charitable Trust?
Frances M & E Lester Williams Charitable Trust's revenue in 2023 was $132,956.
Who are the executives of Frances M & E Lester Williams Charitable Trust and what are their salaries?
Here are 3 key members and their salaries:
- 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 Frances M & E Lester Williams Charitable Trust?
Frances M & E Lester Williams Charitable Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Frances M & E Lester Williams Charitable Trust
The Frances M & E Lester Williams Charitable Trust, as a Sec.501(c)(3) exempt organization, is committed to distributing all its income in accordance with its Trust agreement. The trust, which holds a corpus of $1,075,391, is approved by the IRS and falls under Sec.501(a). The primary mission of this charitable trust is to provide financial support to other Sec.501(c)(3) organizations, investing its rental and interest income to fulfill this commitment. The Trust does not engage in fundraising activities with an anticipated intention of accumulating funds, instead focusing on distributing its income to eligible organizations. The work of the Frances M & E Lester Williams Charitable Trust contributes to the broader nonprofit sector, providing crucial financial support to various causes and organizations.
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 Frances M & E Lester Williams Charitable Trust has a significant impact through its dedicated financial support for Section 501(c)(3) exempt organizations. By distributing all of its income according to its Trust agreement, it ensures that funds reach charitable initiatives without the need for fundraising activities. The Trust's income comes primarily from rental and interest earnings, allowing it to maintain ongoing support for various causes. With a corpus of $1,075,391, the Trust plays a vital role in sustaining programs that serve the community and support important missions aligned with its philanthropic goals. This commitment to consistent financial allocation strengthens nonprofits and enhances their ability to fulfill their missions effectively.
This information is meant to be a general summary of Frances M & E Lester Williams Charitable 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: $53,916
- Gross Receipts: $172,172
Assets and Liabilities:
- Total Assets: $1,251,979
- Total Liabilities: $0
- Net Assets: $1,251,979
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1980
Phone
(641) 752-4271Principal Officer
Norm Bach
Main Address
26 S 1ST AVE 302, MARSHALLTOWN, IA, 50158
NTEE Category
Code: T00 - Philanthropy
If you are a representative of Frances M & E Lester Williams Charitable Trust 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.