Overview
What is Missouri Family Trust?
Missouri Family Trust Dba Midwest Special Needs Trust is a nonprofit organization situated in Columbia, Missouri. With a mission to protect public benefits for individuals with disabilities, it establishes and manages special needs trusts in accordance with relevant state laws. The organization is governed by a dedicated board of trustees, a mix of family members of people with disabilities and professionals with business expertise, who are committed to providing affordable trust services to individuals and families of modest means. The Missouri Family Trust Dba Midwest Special Needs Trust plays a crucial role in safeguarding the financial wellbeing of individuals with disabilities, ensuring they maintain access to essential public benefits.
Official website here: www.midwestspecialneedstrust.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
The Missouri Family Trust, also known as Midwest Special Needs Trust, has achieved an impressive 96% score, reflecting a strong emphasis on accountability and finance. The charity's score is entirely based on a single beacon for financial practices, indicating high standards in governance and financial transparency. This high rating is significant as it suggests a robust framework for financial management and ethical oversight.
Strengths of the organization include a fully independent board, which contributes to its high accountability score. With 100% of its board members being independent, the nonprofit effectively upholds its policies on conflict of interest and whistleblower protection. Additionally, the organization has maintained a low liabilities-to-assets ratio of 0.38%, showcasing its financial stability. The program expense ratio of 92.61% indicates that a significant portion of its funds is directed toward its programs, further emphasizing its commitment to its mission.
No specific limitations were noted in the data, which reinforces the organization's positive standing. Overall, the Missouri Family Trust stands out as an exemplary nonprofit dedicated to serving individuals with special needs, supported by strong financial practices and governance policies.
This AI summary has been generated from information found on Charity Navigator.
Is Missouri Family Trust legitimate?
Missouri Family Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Missouri Family 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: $577,927
For more financial information, click here
Official website here: www.midwestspecialneedstrust.org
What is the mission statement of Missouri Family Trust?
Missouri Family Trust, also known as Midwest Special Needs Trust, is dedicated to establishing and managing special needs trusts for individuals with disabilities. Their mission aligns with sections 402.199 - 402.208 RSMO, aiming to safeguard public benefits for these individuals. The organization is governed by a board of trustees, which includes family members of people with disabilities and individuals with business expertise. This board is committed to providing affordable trust services to individuals and families of modest means, ensuring that those with disabilities can maintain their eligibility for essential public benefits while also having financial support.
Official website here: www.midwestspecialneedstrust.org
Who is the CEO of Missouri Family Trust?
Bianca Farr is the Executive Di of Missouri Family Trust.
Official website here: www.midwestspecialneedstrust.org
What is the revenue of Missouri Family Trust?
Missouri Family Trust's revenue in 2023 was $1,293,235.
Official website here: www.midwestspecialneedstrust.org
Who are the executives of Missouri Family Trust and what are their salaries?
The average compensation at Missouri Family Trust during 2023 was $57,793. There are 10 employees and 5 volunteers at Missouri Family Trust.
Here are 9 key members and their salaries:
- Compensation: $140,064
- Related: $0
- Other: $18,439
- Compensation: $109,286
- Related: $0
- Other: $13,652
- 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
Official website here: www.midwestspecialneedstrust.org
Where can I find the form 990 for Missouri Family Trust?
Missouri Family Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.midwestspecialneedstrust.org
Learn more at the official website: www.midwestspecialneedstrust.org
Mission Statement of Missouri Family Trust
Missouri Family Trust Dba Midwest Special Needs Trust is an organization dedicated to establishing and managing special needs trusts for individuals with disabilities. This is done in accordance with sections 402.199 - 402.208 RSMO, with the primary goal of protecting public benefits for these individuals. The organization is governed by a board of trustees, which is a mix of family members of individuals with disabilities and individuals with business expertise. This board is committed to providing affordable trust services to individuals and families of modest means. The mission of Missouri Family Trust Dba Midwest Special Needs Trust is to provide a safety net for individuals with disabilities, ensuring they can maintain their quality of life while still having access to necessary public benefits. The organization's work is essential in enabling these individuals to live with dignity and independence, without the fear of losing essential benefits due to increased income or assets.
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
July, 2024
Missouri Family Trust Dba Midwest Special Needs Trust's impact lies in its establishment and administration of special needs trusts for people with disabilities to protect their public benefits. By adhering to the stipulations outlined in sections 402.199 - 402.208 RSMO, the organization plays a crucial role in safeguarding the financial well-being of individuals with disabilities. Furthermore, the organization's commitment to providing affordable trust services to individuals and families of modest means underscores its dedication to ensuring that those in need have access to essential resources. Through its professional and values-driven board of trustees, which includes both family members of individuals with disabilities and individuals with business expertise, Missouri Family Trust Dba Midwest Special Needs Trust carries out its mission of supporting and advocating for the well-being of the disability community in Columbia, Missouri.
This information is meant to be a general summary of Missouri Family 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: $23,471
- Program Service Revenue: $1,269,764
- Gross Receipts: $1,780,413
Assets and Liabilities:
- Total Assets: $2,347,966
- Total Liabilities: $9,097
- Net Assets: $2,338,869
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.
ADMINISTRATION FEES
Revenue
$1,266,764
CONTRACTED SERVICES
Revenue
$3,000
Organization Details
Founding Year
1989
Phone
(573) 256-5055Principal Officer
Bianca Farr
Main Address
1900 N PROVIDENCE SUITE 324, COLUMBIA, MO, 65202
NTEE Category
Code: E99Z - Health
If you are a representative of Missouri Family 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.