Overview
What is Kansas Underground Storage Tank Liability Plan?
The Kansas Underground Storage Tank Liability Plan is a nonprofit organization, specifically based in Topeka, Kansas. Its primary mission is to provide third-party insurance coverage for the owners of underground storage tanks. This is a requirement imposed by both the Federal Environmental Protection Agency (EPA) and the state of Kansas. This coverage aims to safeguard these owners against potential financial liabilities arising from any environmental damage or clean-up costs due to leaks or spills from these tanks.
Is Kansas Underground Storage Tank Liability Plan legitimate?
Kansas Underground Storage Tank Liability Plan is a legitimate nonprofit organization registered as a 501(c)(6) entity. Kansas Underground Storage Tank Liability Plan 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: $0
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What is the mission statement of Kansas Underground Storage Tank Liability Plan?
The Kansas Underground Storage Tank Liability Plan's mission is to offer third-party insurance coverage, as a necessity, to the owners of underground storage tanks. This initiative is mandated by both the Federal Environmental Protection Agency (EPA) and the state of Kansas. The primary goal is to provide financial protection for these tank owners, ensuring they are shielded from potential environmental liabilities and financial burdens associated with any potential accidents or spills related to their underground storage tanks.
Who is the CEO of Kansas Underground Storage Tank Liability Plan?
Aaron Valentine is the Chair of Kansas Underground Storage Tank Liability Plan.
What is the revenue of Kansas Underground Storage Tank Liability Plan?
Kansas Underground Storage Tank Liability Plan's revenue in 2022 was $704,274.
Who are the executives of Kansas Underground Storage Tank Liability Plan and what are their salaries?
There 5 volunteers at Kansas Underground Storage Tank Liability Plan.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Kansas Underground Storage Tank Liability Plan?
Kansas Underground Storage Tank Liability Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kansas Underground Storage Tank Liability Plan
The Kansas Underground Storage Tank Liability Plan, a vital organization, is dedicated to providing third-party insurance coverage for the owners of underground storage tanks. This mission is mandated by both the Federal Environmental Protection Agency (EPA) and the state of Kansas. The plan's primary role is to safeguard these tank owners from potential financial liabilities that may arise due to damage or environmental contamination caused by their underground storage tanks. By offering this insurance coverage, the Kansas Underground Storage Tank Liability Plan plays a crucial role in promoting environmental responsibility and financial security for tank owners.
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Impact
October, 2024
The Kansas Underground Storage Tank Liability Plan plays a significant role in providing third-party insurance coverage for owners of underground storage tanks (USTs). This coverage is essential for compliance with federal regulations set by the Environmental Protection Agency (EPA) and state mandates in Kansas. By offering this insurance, the plan helps mitigate financial risks associated with potential leaks and spills from USTs, thereby protecting the environment and public health.
The impact of the plan is multifaceted. It ensures that UST owners can meet regulatory requirements without incurring prohibitive costs. This, in turn, fosters greater accountability and encourages responsible management of potential environmental hazards. Furthermore, by enabling UST owners to secure necessary coverage, the plan contributes to the overall goal of reducing pollution and safeguarding water resources in Kansas.
Additionally, the Kansas Underground Storage Tank Liability Plan promotes mutual benefit among stakeholders, including tank owners, regulatory agencies, and the community. By providing a safety net for UST owners, the plan not only supports sustainable practices but also enhances public confidence in environmental protections.
This information is meant to be a general summary of Kansas Underground Storage Tank Liability Plan. 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: $44
- Program Service Revenue: $704,230
- Gross Receipts: $704,274
Assets and Liabilities:
- Total Assets: $691,151
- Total Liabilities: $691,151
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PREMIUMS EARNED
Revenue
$704,230
Organization Details
Founding Year
1990
Phone
(800) 362-1075Principal Officer
Aaron Valentine
Main Address
800 SW JACKSON STREET, TOPEKA, KS, 66612
NTEE Category
Code: Y20 - Mutual benefit
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