Daniel J Preston Charitable Trust Dtd 020554

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 516149923 ✦ Centerville, DE ✦ Designated as a 501(c)(3)

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Overview

What is Daniel J Preston Charitable Trust Dtd 020554?

The Daniel J Preston Charitable Trust Dtd 020554 is a philanthropic organization located in Centerville, Delaware, specifically at 5701 Kennett Pike No 100. Its primary function is to provide a steady income stream to support the Delaware Academy of Medicine, Inc., a nonprofit entity. This financial assistance is intended to bolster the organization's programs and mission, with a specific focus on funding their medical Student Loan Program. The Trust's purpose is to contribute positively to the Academy's overall operations and objectives.

Is Daniel J Preston Charitable Trust Dtd 020554 legitimate?

Daniel J Preston Charitable Trust Dtd 020554 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Daniel J Preston Charitable Trust Dtd 020554 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: $10,304
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Daniel J Preston Charitable Trust Dtd 020554?

The Daniel J Preston Charitable Trust Dtd 020554 is established with the mission to provide a consistent income stream that aids in the upholding of the programs and objectives of the Delaware Academy of Medicine, Inc. Specifically, the trust's funds are allocated to support the academy's medical Student Loan Program. The primary goal is to sustain the academy's initiatives, ensuring they can continue their work in the medical field and provide necessary support.

Who is the CEO of Daniel J Preston Charitable Trust Dtd 020554?

Brown Advisory is the Principal Officer of Daniel J Preston Charitable Trust Dtd 020554.

What is the revenue of Daniel J Preston Charitable Trust Dtd 020554?

Daniel J Preston Charitable Trust Dtd 020554's revenue in 2022 was $183,138.

Who are the executives of Daniel J Preston Charitable Trust Dtd 020554 and what are their salaries?


There is 1 key member and their salary:


Brown Advisory (Trustee)
  • Compensation: $10,304
  • Related: $0
  • Other: $0
Where can I find the form 990 for Daniel J Preston Charitable Trust Dtd 020554?

Daniel J Preston Charitable Trust Dtd 020554's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Daniel J Preston Charitable Trust Dtd 020554

The Daniel J Preston Charitable Trust Dtd 020554 is committed to providing financial assistance in support of the Delaware Academy of Medicine, Inc.'s programs and mission. Specifically, the trust aims to provide a consistent income source to fund the medical Student Loan Program within the Academy. By doing so, the Trust seeks to contribute to the Academy's overall mission and initiatives, ultimately supporting the wider medical community in Delaware. The Trust's objective is to ensure the Academy has the necessary resources to carry out its programs effectively, thereby contributing to the advancement of the medical field and the well-being of the community.

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Impact




October, 2024

The Daniel J Preston Charitable Trust Dtd 020554 plays a vital role in supporting the mission and programs of the Delaware Academy of Medicine, Inc. By providing monthly income, it ensures the sustainability of critical initiatives, including the Medical Student Loan Program. This financial assistance empowers medical students by alleviating their financial burdens, thereby enabling them to pursue their education and training without overwhelming debt. The trust’s contributions ultimately enhance the quality of medical education and healthcare in the community, fostering a new generation of healthcare professionals committed to serving others.




This information is meant to be a general summary of Daniel J Preston Charitable Trust Dtd 020554. 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.

Revenue
$183,138 (2022)
Expenses
$300,459 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $182,591
  • Program Service Revenue: $547
  • Gross Receipts: $644,262

Assets and Liabilities:

  • Total Assets: $5,481,182
  • Total Liabilities: $0
  • Net Assets: $5,481,182

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Student Loan Program

Revenue

$547

Organization Details

Founding Year

1954

Principal Officer

Brown Advisory

Main Address

5701 Kennett Pike No 100, Centerville, DE, 19807

NTEE Category

Code: B11 - Education

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