Overview
What is John A Peterson Charitable Trust?
The John A Peterson Charitable Trust is a philanthropic organization based in Montgomery, Alabama. Its primary mission is to provide financial support to the Kiwanis International Montgomery Chapter, an organization that falls under the exempt category of IRC Section 501(c)(4). The trust distributes grants to this designated organization, channeling its resources for potential community contributions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (53%)
The John A Peterson Charitable Trust has received a low rating of 53%, which classifies it as a One-Star out of Four Stars charity. This rating indicates significant concerns regarding the organization's accountability and finance practices. Key areas of weakness include the absence of independent board members, missing essential policies such as conflict of interest and whistleblower protections, and a lack of transparency regarding their website and tax documentation.
Despite these shortcomings, the trust does show strengths in its financial management, particularly with a program expense ratio of 83.77%, indicating that a high percentage of funds are directed towards its programs rather than administrative costs. Additionally, the organization has demonstrated a solid liabilities to assets ratio of 0.00%, reflecting strong financial health in this aspect.
Overall, while the John A Peterson Charitable Trust effectively allocates funds to its programs, the lack of structural safeguards and transparency undermines its accountability. Potential donors and stakeholders may want to consider these limitations when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is John A Peterson Charitable Trust legitimate?
John A Peterson Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. John A Peterson 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: $28,245
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of John A Peterson Charitable Trust?
The John A Peterson Charitable Trust is designed to dispense funds to a specific organization, namely Kiwanis International Montgomery Chapter, as outlined in its trust document. This organization falls under the exemption category of IRC Section 501(c)(4). The primary function of the trust is to provide financial support to this organization through grant payments. The mission statement, therefore, can be inferred as being committed to financially aiding the designated organization. It does not involve any specific mission or objective beyond this financial support role.
Who is the CEO of John A Peterson Charitable Trust?
Regions Bank Trust Depart is the Principal Officer of John A Peterson Charitable Trust.
What is the revenue of John A Peterson Charitable Trust?
John A Peterson Charitable Trust's revenue in 2023 was $85,236.
Who are the executives of John A Peterson Charitable Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $28,245
- Related: $0
- Other: $0
Where can I find the form 990 for John A Peterson Charitable Trust?
John A Peterson Charitable Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of John A Peterson Charitable Trust
The John A. Peterson Charitable Trust is a philanthropic entity that has been established to distribute funds. Its primary recipient is Kiwanis International Montgomery Chapter, an organization that falls under the exempt category of IRC Section 501(c)(4). The role of the trust is to provide grants to this organization, thereby contributing financially to its operations and initiatives. The trust operates as a source of financial support, channeling its resources towards the activities and missions of the Kiwanis International Montgomery Chapter.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The John A Peterson Charitable Trust plays a significant role in fostering community improvement through its financial support of the Kiwanis International Montgomery Chapter. By distributing funds to this local organization, the trust enables various initiatives aimed at enhancing the quality of life for residents in Montgomery, AL. The grants facilitate programs that likely focus on youth education, health initiatives, and community service projects, thereby strengthening local bonds and creating a positive impact in the region. The trust’s commitment to funding the Montgomery Chapter ensures that the values and goals of community enhancement and service are upheld, contributing to a more vibrant and engaged community.
This information is meant to be a general summary of John A Peterson 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 2023.
- Investment Income: $85,236
- Gross Receipts: $432,758
Assets and Liabilities:
- Total Assets: $2,279,629
- Total Liabilities: $0
- Net Assets: $2,279,629
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1968
Phone
(334) 230-6103Principal Officer
Regions Bank Trust Depart
Main Address
P O BOX 2450, MONTGOMERY, AL, 361022450
NTEE Category
Code: S110 - Community improvement
If you are a representative of John A Peterson Charitable Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.