Overview
What is Alton N Scott Charitable Trust 1255001026?
Alton N Scott Charitable Trust 1255001026 is a charitable organization with a singular mission: managing investments to generate income. This income is then forwarded to the beneficiary, the University of Alabama School of Engineering, to support and encourage research projects. The trust's primary function lies in financial management, aiming to provide substantial funds for academic exploration in the engineering field. Based on the provided information, the trust does not seem to offer direct services or resources to the general public.
Is Alton N Scott Charitable Trust 1255001026 legitimate?
Alton N Scott Charitable Trust #1255001026 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alton N Scott Charitable Trust #1255001026 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: $74,234
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Alton N Scott Charitable Trust 1255001026?
The Alton N Scott Charitable Trust 1255001026 is primarily dedicated to managing its investments. The primary objective of this trust is to remit the generated income to the University of Alabama's School of Engineering. This financial support is intended for promoting, encouraging, and funding research projects within the engineering field at the university. The trust's sole purpose is to contribute to the advancement of research in engineering through its financial investments and the subsequent income distribution.
What is the revenue of Alton N Scott Charitable Trust 1255001026?
Alton N Scott Charitable Trust 1255001026's revenue in 2023 was $172,114.
Who are the executives of Alton N Scott Charitable Trust 1255001026 and what are their salaries?
There is 1 key member and their salary:
- Compensation: $74,234
- Related: $0
- Other: $0
Where can I find the form 990 for Alton N Scott Charitable Trust 1255001026?
Alton N Scott Charitable Trust 1255001026's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Alton N Scott Charitable Trust 1255001026
Alton N Scott Charitable Trust 1255001026 is primarily dedicated to managing its investments. This trust's primary function is to generate income, which it then remits to the University of Alabama's School of Engineering. The purpose of this financial support is to promote, encourage, and fund research projects within the engineering field. By doing so, the trust aims to contribute to the advancement of engineering knowledge and innovation at the University of Alabama. The trust's mission is an essential part of the educational and research community within the engineering field, providing essential funding and resources for scholarly pursuits.
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Impact
October, 2024
The Alton N Scott Charitable Trust 1255001026 plays a significant role in advancing research initiatives at the University of Alabama School of Engineering. By managing its investments effectively, the trust generates net income for the sole purpose of supporting and funding various engineering research projects. This funding encourages innovation and promotes advancement in engineering practices, which can lead to important technological developments and improvements in the field. The trust's dedicated focus on the university's engineering program not only fosters academic growth but also contributes to the broader impact of engineering solutions in society. Through its financial support, the trust helps ensure that cutting-edge research can be conducted, enabling students and faculty to explore new ideas and methodologies in engineering.
This information is meant to be a general summary of Alton N Scott Charitable Trust 1255001026. 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: $147,486
- Gross Receipts: $1,191,851
Assets and Liabilities:
- Total Assets: $8,622,428
- Total Liabilities: $0
- Net Assets: $8,622,428
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Organization Details
Founding Year
2002
Principal Officer
Samuel Nokovich
NTEE Category
Code: T30 - Philanthropy
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