Overview
What is David Lipscomb College Trust Co First National Bank?
David Lipscomb College Trust Co First National Bank is a charitable trust with a specific mission. Established to support young women intending to attend Lipscomb University, the trust generates funds for this purpose by utilizing its income after covering expenses. This financial aid serves as a scholarship to help deserving students pursue their education at Lipscomb University. The trust does not engage in additional activities or missions beyond this mission.
Is David Lipscomb College Trust Co First National Bank legitimate?
David Lipscomb College Trust Co First National Bank is a legitimate nonprofit organization registered as a 501(c)(3) entity. David Lipscomb College Trust Co First National Bank 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.
What is the mission statement of David Lipscomb College Trust Co First National Bank?
The mission of David Lipscomb College Trust Co First National Bank, in its essence, is to provide financial aid for young women intending to attend Lipscomb University. The income generated by the trust, following the deduction of expenses, is allocated towards funding a scholarship for these students at Lipscomb University. This initiative aims to support the education of these young women, thereby contributing to their future prospects.
Who is the CEO of David Lipscomb College Trust Co First National Bank?
First National Bank is the Trustee of David Lipscomb College Trust Co First National Bank.
What is the revenue of David Lipscomb College Trust Co First National Bank?
David Lipscomb College Trust Co First National Bank's revenue in 2022 was $53,877.
Who are the executives of David Lipscomb College Trust Co First National Bank 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 990EZ for David Lipscomb College Trust Co First National Bank?
David Lipscomb College Trust Co First National Bank's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of David Lipscomb College Trust Co First National Bank
David Lipscomb College Trust Co First National Bank, in its mission, was established with the primary objective of providing financial aid to young women intending to enroll in Lipscomb University. The trust's primary function involves managing its income, after covering expenses, and channeling it towards funding a scholarship for Lipscomb University. This mission aims to support the education of young women, thereby contributing to their future and personal growth. By providing financial assistance, the trust enables deserving students to pursue their academic journey at Lipscomb University, thereby fulfilling its purpose of supporting education for young women.
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Impact
October, 2024
David Lipscomb College Trust Co First National Bank plays a significant role in transforming the educational aspirations of young women by providing vital financial support for their studies at Lipscomb University. The trust is dedicated to creating opportunities for these students, ensuring they have the resources necessary to pursue higher education.
Through its scholarship program, the trust allocates income generated from its activities to directly fund scholarships, alleviating financial burdens and opening doors to academic and personal growth. This commitment not only benefits individual students but also contributes to the enrichment of the community by empowering educated women who can impact society in various positive ways. Ultimately, the trust fosters a supportive environment that encourages academic excellence and promotes the overall mission of providing access to quality education at Lipscomb University.
This information is meant to be a general summary of David Lipscomb College Trust Co First National Bank. 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: $53,877
- Gross Receipts: $53,877
Assets and Liabilities:
- Total Assets: $340,374
- Total Liabilities: $0
- Net Assets: $340,374
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Organization Details
Phone
(931) 473-4402Principal Officer
First National Bank
Main Address
200 EAST MAIN STREET, MCMINNVILLE, TN, 37110
NTEE Category
Code: B82 - Education
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