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Dewey Byar Trust

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

EIN: 516540190 ✦ Burlington, IA ✦ Designated as a 501(c)(3)

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Overview

What is Dewey Byar Trust?

The Dewey Byar Trust is a charitable organization, established with a specific mission. Situated in Burlington, Iowa, this trust's primary objective is to provide property tax relief to the residents of Des Moines County, Iowa. It achieves this goal by distributing the net income derived from the trust's assets. This benevolent initiative aims to alleviate the financial burden of property taxes for all taxpayers in the county, thereby contributing to the local community's overall well-being.

Is Dewey Byar Trust legitimate?

Dewey Byar Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dewey Byar 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: $19,891
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Dewey Byar Trust?

The Dewey Byar Trust was established with a sole purpose in mind: providing property tax relief for taxpayers. The income generated from this trust is intended for distribution to the taxpayers of Des Moines County, Iowa, specifically for the purpose of alleviating their property tax burdens. This relief is extended to all taxpayers within the county, demonstrating the trust's commitment to supporting the local community. The trust's primary objective is to ease the financial strain of property taxes for its beneficiaries.

Who is the CEO of Dewey Byar Trust?

F M Bank Trust is the Trustee of Dewey Byar Trust.

What is the revenue of Dewey Byar Trust?

Dewey Byar Trust's revenue in 2022 was $113,737.

Who are the executives of Dewey Byar Trust and what are their salaries?


There is 1 key member and their salary:


F M Bank Trust (Trustee)
  • Compensation: $19,891
  • Related: $0
  • Other: $0
Where can I find the form 990 for Dewey Byar Trust?

Dewey Byar Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Dewey Byar Trust

The Dewey Byar Trust, established with a specific purpose, aims to alleviate the burden of property taxes for taxpayers residing in Des Moines County, Iowa. The mission of this trust is to distribute its net income towards providing property tax relief to the county's taxpayers. This relief serves as a crucial support, easing the financial strain for numerous individuals and families within the community.

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Impact




October, 2024

Dewey Byar Trust plays a significant role in the financial well-being of taxpayers in Des Moines County, Iowa, by providing essential property tax relief. The trust generates net income that is specifically allocated to support this initiative, helping to ease the financial burden on residents.

This targeted support has a direct impact on the community by making property ownership more affordable and sustainable for many families. By alleviating some of the costs associated with property taxes, the trust contributes to the overall economic stability of the county, enhancing residents' quality of life and allowing them to invest in other areas, such as education, health, and local businesses. The trust effectively promotes a stronger, more resilient community through its focused efforts on supporting taxpayers.




This information is meant to be a general summary of Dewey Byar 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.

Revenue
$113,737 (2022)
Expenses
$86,232 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $113,737
  • Gross Receipts: $318,074

Assets and Liabilities:

  • Total Assets: $1,906,708
  • Total Liabilities: $0
  • Net Assets: $1,906,708

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Organization Details

Founding Year

2000

Principal Officer

F M Bank Trust

Main Address

PO BOX 928, BURLINGTON, IA, 52601

NTEE Category

Code: T22 - Philanthropy

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