Overview
What is Bac Southern Region Vacation Trust Fund?
The Bac Southern Region Vacation Trust Fund is a nonprofit organization that serves to encourage and manage the systematic savings of a portion of participants' wages. Its primary objective is to accumulate funds for future vacation expenses. This fund operates with the mission of providing a structured means for individuals to set aside money for their vacation breaks, ensuring they can enjoy leisure time without financial strain.
Is Bac Southern Region Vacation Trust Fund legitimate?
Bac Southern Region Vacation Trust Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Bac Southern Region Vacation Trust Fund 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.
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What is the mission statement of Bac Southern Region Vacation Trust Fund?
The Bac Southern Region Vacation Trust Fund's mission is centered around facilitating the systematic saving of a portion of employees' wages. This fund is primarily designed for the purpose of providing vacation expenses at periodic intervals. By doing so, the trust fund aims to assist its participants in managing their vacation-related finances effectively. The fund's objective is to ensure that employees can set aside funds for their vacation breaks, thereby enhancing their overall work-life balance.
Who is the CEO of Bac Southern Region Vacation Trust Fund?
David Frangione is the Trustee of Bac Southern Region Vacation Trust Fund.
What is the revenue of Bac Southern Region Vacation Trust Fund?
Bac Southern Region Vacation Trust Fund's revenue in 2022 was $1,642,157.
Who are the executives of Bac Southern Region Vacation Trust Fund and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Bac Southern Region Vacation Trust Fund?
Bac Southern Region Vacation Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bac Southern Region Vacation Trust Fund
The Bac Southern Region Vacation Trust Fund is an organization dedicated to a specific mission. It facilitates a systematic process where a portion of participants' wages is set aside for the future purpose of covering vacation expenses. This fund serves as a means for individuals to save regularly, ensuring they have funds available for their time off from work. By organizing this savings plan, the Bac Southern Region Vacation Trust Fund aims to alleviate the financial burden often associated with taking vacations.
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Impact
October, 2024
The Bac Southern Region Vacation Trust Fund creates significant financial benefits for its participants by enabling them to save systematically for vacation expenses. By allowing individuals to allocate a portion of their wages specifically for this purpose, the fund promotes financial planning and responsible budgeting. This approach not only alleviates the financial stress often associated with taking a vacation but also encourages people to prioritize their well-being and leisure time.
Participants can enjoy the peace of mind that comes from having dedicated funds available, leading to increased overall satisfaction and quality of life. Furthermore, by fostering a culture of savings and financial literacy, the trust fund helps instill positive spending habits among its members, ultimately influencing broader economic impacts on local businesses in Oklahoma City and beyond, as participants are more likely to spend their saved funds on travel and leisure activities.
This information is meant to be a general summary of Bac Southern Region Vacation Trust Fund. 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: $2,298
- Program Service Revenue: $1,639,859
- Gross Receipts: $1,642,157
Assets and Liabilities:
- Total Assets: $786,781
- Total Liabilities: $601,645
- Net Assets: $185,136
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPANT CONTRIBUTI
Revenue
$1,639,859
Organization Details
Founding Year
1964
Phone
(405) 528-5609Principal Officer
David Frangione
Main Address
212 NE 27TH, OKLAHOMA CITY, OK, 73105
NTEE Category
Code: Y40 - Mutual benefit
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