Overview
What is Benjamin Musser Estate Trust Inc?
The Benjamin Musser Estate Trust Inc, located in the area, is a philanthropic organization that prioritizes education. Its primary focus is extending financial aid to local students pursuing higher education by offering scholarships and loans. This nonprofit is dedicated to assisting these students in achieving their academic goals, contributing significantly to the community's intellectual growth and development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star Rating
The Benjamin Musser Estate Trust Inc has achieved a commendable 94% score on Charity Navigator, earning it a prestigious Four-Star rating. This high score reflects the charity's strong accountability and financial management. All metrics contributing to this score fall under the Accountability & Finance beacon, indicating a focus on transparency and responsible governance.
One of the notable strengths of this organization is its structure, with a fully independent board of five members. This ensures that there is no conflict of interest in decision-making processes. Additionally, the charity maintains comprehensive policies regarding whistleblower protections, document retention, and asset management, signifying a commitment to ethical practices.
On the financial front, the trust stands out for its exceptional program expense ratio, which is at 100%. This indicates that all funds are directed towards its programs, with no liabilities recorded against its assets. However, while the charity excels in financial accountability, further details on program impact and community engagement would provide a more rounded view of its performance.
This AI summary has been generated from information found on Charity Navigator.
Is Benjamin Musser Estate Trust Inc legitimate?
Benjamin Musser Estate Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Benjamin Musser Estate Trust Inc 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: $2,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Benjamin Musser Estate Trust Inc?
The Benjamin Musser Estate Trust, in its mission, focuses on providing scholarships and loans to students residing in certain areas, enabling them to further their education at universities and colleges. This is an integral part of the trust's commitment to supporting academic pursuits and helping students achieve their academic goals. The trust's initiatives are designed to make higher education more accessible and within reach for a broader student population.
Who is the CEO of Benjamin Musser Estate Trust Inc?
Norman Greene is the President of Benjamin Musser Estate Trust Inc.
What is the revenue of Benjamin Musser Estate Trust Inc?
Benjamin Musser Estate Trust Inc's revenue in 2022 was $13,664.
Who are the executives of Benjamin Musser Estate Trust Inc and what are their salaries?
There 10 volunteers at Benjamin Musser Estate Trust Inc.
Here are 5 key members and their salaries:
- Compensation: $2,000
- 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
Where can I find the form 990 for Benjamin Musser Estate Trust Inc?
Benjamin Musser Estate Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Benjamin Musser Estate Trust Inc
The Benjamin Musser Estate Trust, a nonprofit organization, is committed to furthering education by offering scholarships and loans to students residing in specific areas. These students are enrolled in universities and colleges, and the Trust's mission is to aid them in achieving their academic goals. The Trust's programs are designed to empower these students, enabling them to pursue their studies with financial assistance. By providing scholarships and loans, the Benjamin Musser Estate Trust contributes to the development of future leaders and intellectuals, thereby supporting the broader educational community.
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Impact
October, 2024
The Benjamin Musser Estate Trust Inc significantly impacts the educational landscape in Jewell, Kansas, by offering scholarships and loans to local students. This initiative plays a crucial role in alleviating the financial burdens associated with higher education, enabling students to pursue their academic aspirations without the overwhelming stress of debt. By directly supporting area students attending universities and colleges, the Trust fosters a culture of education and upward mobility within the community. Through its programs, it not only aids individuals in achieving their educational goals but also contributes to the overall development and enrichment of the region.
This information is meant to be a general summary of Benjamin Musser Estate Trust 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 2022.
- Investment Income: $11,628
- Gross Receipts: $13,664
Assets and Liabilities:
- Total Assets: $1,029,539
- Total Liabilities: $0
- Net Assets: $1,029,539
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Organization Details
Founding Year
1986
Principal Officer
Norman Greene
Main Address
P O BOX 137, JEWELL, KS, 66949
NTEE Category
Code: B82 - Education
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