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Vivid Bainbridge Cobb Charitable Trust

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

EIN: 581875572 ✦ Raleigh, NC ✦ Designated as a 501(c)(3)

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Overview

What is Vivid Bainbridge Cobb Charitable Trust?

The Vivid Bainbridge Cobb Charitable Trust is a philanthropic organization situated in Raleigh, North Carolina. Its primary objective is to contribute exclusively to charitable, religious, scientific, literary, or educational purposes. This support is extended to authorized organizations that carry out these activities. As per the information provided, the Trust has previously distributed funds to Michigan State University, specifically for the establishment and maintenance of the Bainbridge-Cobb Scholarship Fund.

Is Vivid Bainbridge Cobb Charitable Trust legitimate?

Vivid Bainbridge Cobb Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vivid Bainbridge Cobb Charitable 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: $50,918
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Vivid Bainbridge Cobb Charitable Trust?

The Vivid Bainbridge Cobb Charitable Trust is committed to contributing exclusively to charitable, religious, scientific, literary, or educational purposes. It supports organizations that are authorized to carry out these activities. The trust's efforts are primarily aimed at providing funding for such organizations. A notable example of their contribution is their distribution to Michigan State University, which was used to establish the Bainbridge-Cobb Scholarship Fund.

Who is the CEO of Vivid Bainbridge Cobb Charitable Trust?

William J Blanton is the Trustee of Vivid Bainbridge Cobb Charitable Trust.

What is the revenue of Vivid Bainbridge Cobb Charitable Trust?

Vivid Bainbridge Cobb Charitable Trust's revenue in 2022 was $85,212.

Who are the executives of Vivid Bainbridge Cobb Charitable Trust and what are their salaries?


Here are 3 key members and their salaries:


William J Blanton (Trustee)
  • Compensation: $42,918
  • Related: $0
  • Other: $0
Stephen H Terry (Trustee)
  • Compensation: $4,000
  • Related: $0
  • Other: $0
Krista Young (Trustee)
  • Compensation: $4,000
  • Related: $0
  • Other: $0
Where can I find the form 990 for Vivid Bainbridge Cobb Charitable Trust?

Vivid Bainbridge Cobb Charitable Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Vivid Bainbridge Cobb Charitable Trust

Vivid Bainbridge Cobb Charitable Trust is committed to contributing exclusively to charitable, religious, scientific, literary, or educational purposes. This trust provides financial support to organizations that have been authorized to carry out these activities. Its mission is centered around distributing funds to eligible organizations, with the goal of making a positive impact in various domains. This philanthropic entity has already established the Bainbridge-Cobb Scholarship Fund at Michigan State University, demonstrating its dedication to educational causes.

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Impact




October, 2024

Vivid Bainbridge Cobb Charitable Trust significantly impacts the educational landscape by providing vital funding for scholarships that support students at Michigan State University. By contributing exclusively to educational purposes, it plays a crucial role in enabling access to higher education for deserving individuals. The Bainbridge-Cobb Scholarship Fund, established with the trust's resources, helps alleviate the financial burden on students, promoting their academic pursuits and personal growth. With a strong focus on philanthropy, the organization enhances opportunities for learning and development, fostering a more educated and empowered community.




This information is meant to be a general summary of Vivid Bainbridge Cobb Charitable 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
$85,212 (2022)
Expenses
$157,913 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $91,252
  • Gross Receipts: $204,075

Assets and Liabilities:

  • Total Assets: $3,042,700
  • Total Liabilities: $0
  • Net Assets: $3,042,700

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Organization Details

Founding Year

1989

Principal Officer

William J Blanton

Main Address

1732 BROOKS AVENUE, RALEIGH, NC, 27607

NTEE Category

Code: T90Z - Philanthropy

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