Overview
What is Florence Lake Charitable Trust 1020000701?
Florence Lake Charitable Trust 1020000701 is a philanthropic entity, established in accordance with the last will of Florence Lake. The trust's primary aim is to extend financial assistance through annual scholarship programs. This aid is specifically designed for children who are hard of hearing or deaf, enabling them to develop listening and spoken language skills. Two of the recipients of one-third of the annual trust income are the Central Institute for the Deaf and certain community colleges. They are tasked with utilizing these funds to establish scholarship programs for deserving students. The remaining one-third of the income is allocated to the Devils Lake Foundation, which is mandated to utilize the funds for qualified charitable purposes. The trust also holds annual meetings, where the supported organizations submit reports detailing the utilization of the funds.
Is Florence Lake Charitable Trust 1020000701 legitimate?
Florence Lake Charitable Trust 1020000701 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Florence Lake Charitable Trust 1020000701 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: $17,968
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Florence Lake Charitable Trust 1020000701?
The Florence Lake Charitable Trust 1020000701, established through the Last Will and Testament of Florence Lake, does not have a formal mission statement. However, the trust's purpose is clearly outlined in the will. It is designed to provide annual financial support to three organizations: the Central Institute for the Deaf, the Community College, and the Devils Lake Foundation. The Central Institute for the Deaf and the Community College are expected to utilize the funds to establish scholarship programs to aid students. The Devils Lake Foundation, on the other hand, is to allocate the annual payment for qualified charitable purposes. The trust holds annual meetings, where the supported organizations present their annual reports detailing how the funds have been utilized.
Who is the CEO of Florence Lake Charitable Trust 1020000701?
Claire Herland is the Principal Officer of Florence Lake Charitable Trust 1020000701.
What is the revenue of Florence Lake Charitable Trust 1020000701?
Florence Lake Charitable Trust 1020000701's revenue in 2022 was $164,375.
Who are the executives of Florence Lake Charitable Trust 1020000701 and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Florence Lake Charitable Trust 1020000701?
Florence Lake Charitable Trust 1020000701's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Florence Lake Charitable Trust 1020000701
Florence Lake Charitable Trust 1020000701, established according to the Last Will and Testament of Florence Lake, is a charitable organization with a specific mission. The trust annually distributes one third of its income to three designated organizations: the Central Institute for the Deaf, the Community College, and the Devils Lake Foundation. The Central Institute for the Deaf and the Community College are instructed to utilize these funds to establish scholarship programs, providing financial aid to deserving students each year. The Devils Lake Foundation, on the other hand, is tasked with using its annual payment for qualified charitable purposes, distributing these funds annually as well.
This charitable trust also holds annual meetings, which are attended by representatives of the supported organizations. During these meetings, the organizations submit an annual report detailing the use of the funds provided by the trust. This transparency ensures that the funds are being utilized effectively and in line with the intentions of Florence Lake's Last Will and Testament. The trust's mission is about providing financial support for education and charitable purposes, fostering opportunities for students and contributing to worthy causes.
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Impact
October, 2024
The Florence Lake Charitable Trust 1020000701 plays a significant role in supporting education and accessibility for the deaf and hard of hearing community. Established through the Last Will and Testament of Florence Lake, the trust allocates its income to three specific organizations annually, each tasked with making a meaningful impact.
A significant portion of the funds goes to the Central Institute for the Deaf, which focuses on granting scholarships to children who are deaf or hard of hearing. This support enables students to develop listening and spoken language skills, fostering their educational journeys and helping them to thrive in mainstream educational settings.
The trust also contributes to a community college, where the funds are earmarked for scholarships that assist students in pursuing higher education goals. By facilitating access to education, the trust helps to empower students and provide them with opportunities that might otherwise be limited.
Additionally, the Devils Lake Foundation receives a share of the trust income for qualified charitable purposes, ensuring that the benefits of Florence Lake's legacy extend to a broader community impact.
Through annual meetings and reporting from the supported organizations, the trust promotes transparency and accountability, ensuring that resources are utilized effectively and that the intended mission of supporting education is honored year after year. Overall, the Florence Lake Charitable Trust serves as a critical resource for enhancing educational opportunities and promoting inclusion for individuals with hearing challenges.
This information is meant to be a general summary of Florence Lake Charitable Trust 1020000701. 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: $164,375
- Gross Receipts: $1,681,409
Assets and Liabilities:
- Total Assets: $3,096,610
- Total Liabilities: $0
- Net Assets: $3,096,610
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Organization Details
Founding Year
1993
Phone
(701) 795-3212Principal Officer
Claire Herland
Main Address
2300 SOUTH COLUMBIA ROAD, GRAND FORKS, ND, 58201
NTEE Category
Code: B82 - Education
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