Overview
What is Minnie Clark Spear Charitable Trust?
Minnie Clark Spear Charitable Trust is a nonprofit organization located at 125 W Romana Street, Pensacola, Florida. Its primary mission is to distribute its net income to five churches, as specified in the last will and testament of Minnie Clark Spear. This charitable trust adheres to this mission, ensuring the financial support of these designated churches. The trust does not engage in any additional activities beyond this specific purpose.
Is Minnie Clark Spear Charitable Trust legitimate?
Minnie Clark Spear Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnie Clark Spear 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Minnie Clark Spear Charitable Trust?
The Minnie Clark Spear Charitable Trust is committed to distributing its net income to five churches, as specified in the last will and testament of Minnie Clark Spear. This charitable organization adheres to this mission by allocating its earnings to the chosen religious institutions. The primary objective of the trust is to honor the wishes of Minnie Clark Spear by providing financial support to these churches. The distribution of funds is a testament to the trust's dedication to preserving and upholding the religious beliefs and practices of the designated churches. The specific churches that will receive these funds have been identified in Minnie Clark Spear's will, serving as the guiding principle for the trust's activities.
Who is the CEO of Minnie Clark Spear Charitable Trust?
Synovus Trust Company is the Trustee of Minnie Clark Spear Charitable Trust.
What is the revenue of Minnie Clark Spear Charitable Trust?
Minnie Clark Spear Charitable Trust's revenue in 2022 was $209,492.
Who are the executives of Minnie Clark Spear Charitable Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Minnie Clark Spear Charitable Trust?
Minnie Clark Spear Charitable Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Minnie Clark Spear Charitable Trust
The Minnie Clark Spear Charitable Trust is an organization with a mission to distribute its net income to five churches as specified in the last will and testament of Minnie Clark Spear. This mission is centered around the distribution of financial resources to these five churches, ensuring they continue their religious activities and services. The Trust serves as a financial support system for these churches, contributing to their operational expenses and spiritual growth.
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Impact
October, 2024
The Minnie Clark Spear Charitable Trust significantly impacts its community by channeling net income to five designated churches in Pensacola, Florida. This financial support helps sustain various church programs, outreach initiatives, and community services that each church provides. By honoring the wishes of Minnie Clark Spear, the trust ensures that her legacy continues through contributions that support spiritual growth, educational opportunities, and assistance to those in need. The trust plays a crucial role in fostering a sense of community and philanthropy, as the funds are utilized to enhance the lives of individuals and families within the faith communities it serves.
This information is meant to be a general summary of Minnie Clark Spear 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $163,497
- Gross Receipts: $500,902
Assets and Liabilities:
- Total Assets: $2,005,473
- Total Liabilities: $0
- Net Assets: $2,005,473
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Organization Details
Founding Year
1950
Phone
(850) 436-7803Principal Officer
Synovus Trust Company
Main Address
125 W ROMANA STREET 224, PENSACOLA, FL, 325025849
NTEE Category
Code: T00 - Philanthropy
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