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Albemarle Community Trust

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

EIN: 562273552 ✦ Hertford, NC ✦ Designated as a 501(c)(3)

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Overview

What is Albemarle Community Trust?

Albemarle Community Trust is a nonprofit organization that serves the area covered by Albemarle Electric Membership Corporation. Its primary purpose is to accumulate and distribute funds for charitable causes within this region. The trust offers a range of programs, with a significant focus on charitable disbursements, as outlined in a comprehensive document attached to the information. This organization works diligently to contribute to the betterment of their community through their charitable initiatives.


Official website here: www.schedule o

Is Albemarle Community Trust legitimate?

Albemarle Community Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Albemarle Community Trust submitted a form 990EZ, 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.


Official website here: www.schedule o

What is the mission statement of Albemarle Community Trust?

The Albemarle Community Trust is committed to collecting and distributing funds for charitable purposes within its designated region. Its mission encompasses various programs, with detailed information provided in an attached document. The primary focus of these programs is to contribute to charitable causes within the service area of Albemarle Electric Membership Corporation. While specifics about the nature of these charitable activities are not provided, it is clear that the trust is dedicated to making a positive impact through its financial support.


Official website here: www.schedule o

Who is the CEO of Albemarle Community Trust?

Jeff Proctor is the President of Albemarle Community Trust.


Official website here: www.schedule o

What is the revenue of Albemarle Community Trust?

Albemarle Community Trust's revenue in 2022 was $81,752.


Official website here: www.schedule o

Who are the executives of Albemarle Community Trust and what are their salaries?


Here are 9 key members and their salaries:


Jeff Proctor (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jean Bell (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Burrus (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffery Mccoy (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Copeland (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandra Welch (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dale Davis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Whitehead (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Jones (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.schedule o

Where can I find the form 990EZ for Albemarle Community Trust?

Albemarle Community Trust's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.schedule o

Learn more at the official website: www.schedule o

Mission Statement of Albemarle Community Trust

Albemarle Community Trust, a charitable organization, is dedicated to accumulating and distributing funds for philanthropic purposes within its designated service area. The trust's primary mission revolves around dispensing funds for charitable purposes, as outlined in an attached document. The organization offers a variety of programs, with charitable disbursements being a notable component. However, specific details about these programs and their objectives are not provided in the given information.

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Impact




October, 2024

Albemarle Community Trust has a significant impact by accumulating and distributing funds for charitable purposes within the service area of Albemarle Electric Membership Corporation. Through various programs, including charitable disbursements, the Trust addresses local needs and supports community initiatives. Its activities foster philanthropy, providing essential resources that contribute to the welfare and development of the Hertford, NC area. By targeting financial support to specific needs, the Trust plays a crucial role in enhancing the quality of life for residents and empowering community projects.




This information is meant to be a general summary of Albemarle Community 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
$81,752 (2022)
Expenses
$77,817 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $81,752

Assets and Liabilities:

  • Total Assets: $33,097
  • Total Liabilities: $0
  • Net Assets: $33,097

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Organization Details

Principal Officer

Jeff Proctor

Main Address

PO BOX 69, HERTFORD, NC, 279449825

NTEE Category

Code: T22 - Philanthropy

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