Overview
What is Aarq Trust?
Aarq Trust is a nonprofit organization headquartered in Washington D.C., specifically at 2001 L Street NW 1000. Their primary mission is to oversee and manage the proceeds derived from the tariff-rate quota for milled rice granted by the European Union to the United States. This responsibility involves collecting, holding, investing, and distributing these funds in an open tender basis. By performing this role, Aarq Trust contributes to the economic exchange between the European Union and the United States, focusing specifically on the milled rice industry.
Official website here: www.aarq.net
Is Aarq Trust legitimate?
Aarq Trust is a legitimate nonprofit organization registered as a 501(c)(6) entity. Aarq 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: $4,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.aarq.net
What is the mission statement of Aarq Trust?
Aarq Trust's primary mission is to manage the tariff-rate quota for milled rice granted by the European Union to the United States. The trust collects, holds, manages, invests, and distributes any proceeds gained from this process through an open tender basis. This mission enables Aarq Trust to contribute to the rice industry, potentially supporting related sectors or initiatives without providing a specific mission statement focused on social causes or community development.
Official website here: www.aarq.net
Who is the CEO of Aarq Trust?
Bny Mellon Trust Delaware is the Principal Officer of Aarq Trust.
Official website here: www.aarq.net
What is the revenue of Aarq Trust?
Aarq Trust's revenue in 2022 was $1,070,174.
Official website here: www.aarq.net
Who are the executives of Aarq Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $4,000
- Related: $0
- Other: $0
Official website here: www.aarq.net
Where can I find the form 990 for Aarq Trust?
Aarq Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aarq.net
Learn more at the official website: www.aarq.net
Mission Statement of Aarq Trust
Aarq Trust, a nonprofit organization, is tasked with managing a tariff-rate quota for milled rice granted by the European Union to the United States. Its primary mission is to collect, hold, manage, invest, and distribute any proceeds received from this operation, which is conducted on an open tender basis. Essentially, Aarq Trust serves as a facilitator, ensuring the efficient distribution of these funds for an intended purpose.
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Impact
October, 2024
Aarq Trust significantly impacts the management and distribution of tariffs associated with the EU-milled rice quota granted to the United States. By effectively collecting, holding, managing, and investing the proceeds from this quota, Aarq Trust plays a crucial role in ensuring that resources are allocated efficiently and transparently.
This organization facilitates access to the tariff-rate quota, which can have far-reaching effects on agricultural stakeholders, including farmers and distributors in the U.S. rice market. By providing a structured approach to managing these quotas, Aarq Trust promotes fair competition and helps stabilize prices, benefiting both producers and consumers.
Moreover, the organization contributes to a more efficient allocation of resources within the agricultural sector, ultimately enhancing the overall economic health of communities reliant on rice production. By deploying responsible investment strategies with the proceeds, Aarq Trust can also support initiatives that enhance sustainability and innovation in the agriculture sector.
This information is meant to be a general summary of Aarq 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: $24,006
- Program Service Revenue: $1,046,168
- Gross Receipts: $1,070,174
Assets and Liabilities:
- Total Assets: $1,776,555
- Total Liabilities: $13,241
- Net Assets: $1,763,314
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AUCTION
Revenue
$1,046,168
Organization Details
Founding Year
1998
Phone
(202) 987-2972Principal Officer
Bny Mellon Trust Delaware
Main Address
2001 L STREET NW 1000, WASHINGTON, DC, 200364910
Website
www.aarq.netNTEE Category
Code: Z99 - Unknown
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