Overview
What is Margaret T Pryce Charitable Trust?
The Margaret T Pryce Charitable Trust is a nonprofit organization located in St. Petersburg, Florida. Its primary mission is to operate as a Type III supporting organization, as per IRC Section 509(A)(3), exclusively providing financial backing to three public charities in the Phoenix, Arizona, area. These charities include Lura Turner Homes, Inc. for Civitan House, Sun Devil Gymnastics, Inc., and Aspire Parent Support Group, Inc. The trust achieves this goal by annually distributing a proportion equal to 7.5% of the previous year's trust assets' value. The trust does not solicit funds for its own operations. The funds received are utilized to support youth gymnastics meets and coordinate fundraising activities through Aspire Parent Support Group, Inc.
Is Margaret T Pryce Charitable Trust legitimate?
Margaret T Pryce Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Margaret T Pryce 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: $14,001
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Margaret T Pryce Charitable Trust?
The Margaret T Pryce Charitable Trust operates as a Type III supporting organization, following the guidelines set out in IRC Section 509(A)(3). Its primary mission is to provide financial support annually, equating to 7.5% of the previous year's trust assets' value, to three public charities in their area. These charities include Lura Turner Homes, Inc. for Civitan House, Sun Devil Gymnastics, Inc., and Aspire Parent Support Group, Inc. The trust does not engage in fundraising activities and aims to solely provide financial aid to these organizations.
Who is the CEO of Margaret T Pryce Charitable Trust?
Unavailable
What is the revenue of Margaret T Pryce Charitable Trust?
Margaret T Pryce Charitable Trust's revenue in 2022 was $114,018.
Who are the executives of Margaret T Pryce Charitable Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Margaret T Pryce Charitable Trust?
Margaret T Pryce Charitable Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Margaret T Pryce Charitable Trust
Margaret T. Pryce Charitable Trust is a supporting organization, operating in accordance with Internal Revenue Code Section 509(a)(3). Its primary mission is to provide financial assistance to three public charities based in the Phoenix, AZ, area. These charities include Lura Turner Homes, Inc. for Civitan House, Sun Devil Gymnastics, Inc., and Aspire Parent Support Group, Inc. The trust achieves this mission by annually distributing a sum equivalent to 7.5% of the previous year's trust assets' value. It should be noted that Margaret T. Pryce Charitable Trust does not solicit funds. The organization's role is purely to financially support these three public charities in their respective endeavors.
In essence, Margaret T. Pryce Charitable Trust functions as a philanthropic entity, dedicated to providing substantial financial aid to Lura Turner Homes, Inc., Sun Devil Gymnastics, Inc., and Aspire Parent Support Group, Inc. These charities are essential components of the Phoenix, AZ, community, working tirelessly to improve various aspects of social and community life. By offering financial support, Margaret T. Pryce Charitable Trust enables these organizations to continue and expand their services, ultimately benefiting the local community.
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Impact
October, 2024
The Margaret T Pryce Charitable Trust significantly impacts its community by providing essential financial support to three key public charities in the Phoenix, AZ area. Through its mission, it allocates resources to Lura Turner Homes, Inc. for Civitan House, Sun Devil Gymnastics, Inc., and Aspire Parent Support Group, Inc., ensuring these organizations can continue their vital work.
By distributing 7.5% of its trust assets annually, the trust enables Aspire Parent Support Group to host youth gymnastics meets and facilitate fundraising activities, fostering youth engagement and community development. This structured financial contribution not only sustains these organizations' operations but also enhances their ability to serve families and children, ultimately enriching the lives of those in the Phoenix area.
In essence, the Margaret T Pryce Charitable Trust acts as a critical supporter of these charities, strengthening community ties and empowering local initiatives through its dedicated funding efforts.
This information is meant to be a general summary of Margaret T Pryce 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 2022.
- Investment Income: $114,018
- Gross Receipts: $133,802
Assets and Liabilities:
- Total Assets: $779,380
- Total Liabilities: $0
- Net Assets: $779,380
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Organization Details
Founding Year
2011
Phone
(727) 567-2300Main Address
P O BOX 23559, ST PETERSBURG, FL, 33742
NTEE Category
Code: T30 - Philanthropy
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