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Joe & Mary Leary Trust

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

EIN: 616225916 ✦ Frankfort, KY ✦ Designated as a 501(c)(3)

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Overview

What is Joe & Mary Leary Trust?

The Joe & Mary Leary Trust is a charitable trust, functioning as a philanthropic organization. Its primary objective is to make financial contributions to four recognized 501(c) charities, namely First Baptist Church, Franklin Council on Aging, Oneida Baptist Institute, and University of the Cumberlands. This trust serves as a conduit for charitable donations, aiming to support the missions and activities of these four beneficiary organizations.

Is Joe & Mary Leary Trust legitimate?

Joe & Mary Leary Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Joe & Mary Leary 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: $32,556
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Joe & Mary Leary Trust?

The Joe and Mary Leary Trust functions as a charitable trust, with its primary activity being the disbursement of funds to four recognized charitable organizations. These beneficiaries include First Baptist Church, Franklin Council on Aging, Oneida Baptist Institute, and University of the Cumberlands. The Trust's mission, by extension, is to support the missions of these organizations, which encompass various community services, religious activities, and educational pursuits. The Joe and Mary Leary Trust does not have a mission statement of its own, as it operates as a funding mechanism rather than an independent organization with its own objectives.

Who is the CEO of Joe & Mary Leary Trust?

Michael Burns Ctfa is the Trustee of Joe & Mary Leary Trust.

What is the revenue of Joe & Mary Leary Trust?

Joe & Mary Leary Trust's revenue in 2022 was $237,318.

Who are the executives of Joe & Mary Leary Trust and what are their salaries?


There is 1 key member and their salary:


Independence Bank (Trustee)
  • Compensation: $32,556
  • Related: $0
  • Other: $0
Where can I find the form 990 for Joe & Mary Leary Trust?

Joe & Mary Leary Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Joe & Mary Leary Trust

The Joe & Mary Leary Trust serves as a charitable entity, channeling its resources to four recognized nonprofit organizations. In line with its charitable mission, the trust makes regular financial contributions to First Baptist Church, Franklin Council on Aging, Oneida Baptist Institute, and University of the Cumberlands. By providing monetary support to these 501(c) charities, the Joe & Mary Leary Trust plays a significant role in contributing to their various causes and initiatives. The trust's philanthropic endeavors help these organizations in their respective missions, thereby positively impacting the communities they serve.

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Impact




October, 2024

The Joe & Mary Leary Trust significantly impacts its community by providing vital financial support to four key organizations: First Baptist Church, Franklin Council on Aging, Oneida Baptist Institute, and the University of the Cumberlands. Through its donations, the Trust enhances educational opportunities, supports aging populations, and fosters spiritual growth within the community. Each recipient organization plays a crucial role in addressing various social needs, from providing educational resources to aiding senior citizens in Franklin and beyond. The Trust's commitment to philanthropy reinforces a culture of giving and community service, ultimately contributing to the overall well-being of the residents in Frankfort, KY.




This information is meant to be a general summary of Joe & Mary Leary 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
$237,318 (2022)
Expenses
$301,021 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $237,318
  • Gross Receipts: $1,283,752

Assets and Liabilities:

  • Total Assets: $5,393,663
  • Total Liabilities: $0
  • Net Assets: $5,393,663

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Organization Details

Founding Year

2006

Principal Officer

Michael Burns Ctfa

Main Address

450 VERSAILLES RD, FRANKFORT, KY, 40601

NTEE Category

Code: T22Z - Philanthropy

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