Benjamin Volen Charitable Trust

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

EIN: 656018806 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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Overview

What is Benjamin Volen Charitable Trust?

The Benjamin Volen Charitable Trust is a philanthropic organization based in Chicago, Illinois, functioning as a grant-making public charity. Their primary mission is to provide support for the Mae Volen Senior Center. As a grantmaker, they distribute funds to aid this specific senior center, ensuring its continued operation and well-being. The Trust's purpose is dedicated to enhancing the lives of senior citizens in the Chicago area, primarily through their support of the Mae Volen Senior Center.

Is Benjamin Volen Charitable Trust legitimate?

Benjamin Volen Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Benjamin Volen 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: $47,903
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Benjamin Volen Charitable Trust?

The Benjamin Volen Charitable Trust, functioning as a grantmaking public charity, is committed to supporting the Mae Volen Senior Center. Its mission is geared towards providing aid and resources to this senior center, working towards its betterment and continuity. The trust's activities are primarily focused on furthering the objectives of the senior center, aiming to enhance the well-being and services offered to its community. The Charitable Trust does not disclose any additional information regarding its specific methods or strategies, but it is clear that its primary objective is to uphold and strengthen the Mae Volen Senior Center.

Who is the CEO of Benjamin Volen Charitable Trust?

Unavailable

What is the revenue of Benjamin Volen Charitable Trust?

Benjamin Volen Charitable Trust's revenue in 2022 was $636,733.

Who are the executives of Benjamin Volen Charitable Trust and what are their salaries?


There is 1 key member and their salary:


The Northern Trust Company (Trustee)
  • Compensation: $47,903
  • Related: $0
  • Other: $0
Where can I find the form 990 for Benjamin Volen Charitable Trust?

Benjamin Volen Charitable Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Benjamin Volen Charitable Trust

The Benjamin Volen Charitable Trust is a grant-making organization with a mission to support the Mae Volen Senior Center. This mission is centered around providing aid and assistance to this specific senior center, ensuring it can continue its operations and services effectively. The charity's purpose is to contribute to the well-being and care of the elderly population, specifically through its support of the Mae Volen Senior Center.

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Impact




October, 2024

The Benjamin Volen Charitable Trust significantly impacts the community by providing essential support to the Mae Volen Senior Center in Chicago, IL. Through its grantmaking activities, it enhances programs and services tailored for seniors, fostering an environment that promotes health, wellness, and social engagement. This dedication helps ensure that older adults have access to resources that improve their quality of life, encourage community involvement, and facilitate meaningful connections among peers. The trust’s philanthropic efforts play a vital role in empowering seniors, allowing them to thrive in a supportive and nurturing setting.




This information is meant to be a general summary of Benjamin Volen 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
$636,733 (2022)
Expenses
$803,272 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $636,733
  • Gross Receipts: $5,105,923

Assets and Liabilities:

  • Total Assets: $12,008,345
  • Total Liabilities: $0
  • Net Assets: $12,008,345

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Organization Details

Founding Year

1988

Main Address

PO BOX 803878, CHICAGO, IL, 60680

NTEE Category

Code: T30 - Philanthropy

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