Overview
What is Ktb Financial Services Inc?
Ktb Financial Services Inc is a nonprofit organization committed to assisting individuals facing challenges such as severe mental illness, substance abuse, intellectual disabilities, or physical impairments. These challenges hinder their ability to manage their finances independently. In alignment with the Social Security Administration's guidelines, Ktb Financial Services provides representative payee services to over 100 individuals annually, ensuring their financial well-being and enabling them to maintain a stable living situation. This vital organization plays a significant role in empowering and supporting these individuals, thereby enhancing their overall quality of life.
Is Ktb Financial Services Inc legitimate?
Ktb Financial Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ktb Financial Services Inc submitted a form 990EZ, 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
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What is the mission statement of Ktb Financial Services Inc?
KTB Financial Services Inc's primary mission is centered around assisting individuals with significant mental health challenges, substance abuse issues, intellectual disabilities, or physical disabilities who are unable to manage their finances independently. Acting as a representative payee, the organization adheres to the regulations set by the Social Security Administration, providing financial management services to over 100 individuals throughout the year. The goal of KTB Financial Services is to ensure these individuals have access to necessary financial resources, thereby improving their overall quality of life.
What is the revenue of Ktb Financial Services Inc?
Ktb Financial Services Inc's revenue in 2023 was $158,074.
Who are the executives of Ktb Financial Services Inc and what are their salaries?
Here are 8 key members and their salaries:
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- Compensation: $8,901
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Where can I find the form 990EZ for Ktb Financial Services Inc?
Ktb Financial Services Inc's most recent form 990EZ was submitted in 2023 and can be accessed here.
Mission Statement of Ktb Financial Services Inc
Ktb Financial Services Inc, as a nonprofit organization, dedicates its mission to assisting individuals who are grappling with severe and persistent mental illness, substance abuse, intellectual challenges, or physical disabilities. These individuals often struggle to manage their finances due to these challenges. Ktb Financial Services Inc acts as a representative payee, stepping in to manage financial affairs on their behalf, in accordance with the regulations set by the Social Security Administration. Throughout the year, the organization provides this crucial service to over 100 individuals, enabling them to maintain financial stability and focus on their health and recovery. By fulfilling this mission, Ktb Financial Services Inc plays a vital role in supporting vulnerable individuals, empowering them to overcome their challenges and live with dignity.
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Impact
October, 2024
Ktb Financial Services Inc has a significant impact on the lives of individuals facing severe and persistent mental illness, substance abuse, intellectual challenges, or physical disabilities. By serving as a representative payee, the organization provides essential support to over 100 individuals annually, ensuring they can manage their finances effectively. This role is crucial for those who find it difficult to navigate financial responsibilities due to their conditions.
The services provided by Ktb Financial Services Inc not only help individuals meet their basic needs by managing their income responsibly but also promote financial stability and independence. By adhering to the regulations set forth by the Social Security Administration, the organization guarantees that its clients receive the benefits they are entitled to, which can significantly enhance their quality of life.
Additionally, the support from Ktb Financial Services fosters a sense of security and peace of mind for clients and their families, alleviating the stress often associated with financial management in challenging circumstances. This impact resonates within the broader community of Bloomington, IL, as it contributes to the overall well-being and empowerment of vulnerable populations.
This information is meant to be a general summary of Ktb Financial Services Inc. 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: $100
- Program Service Revenue: $128,084
- Gross Receipts: $158,074
Assets and Liabilities:
- Total Assets: $102,006
- Total Liabilities: $0
- Net Assets: $102,006
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Organization Details
Principal Officer
Kim Crutcher
NTEE Category
Code: P50 - Human services
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