Overview
What is Js & Wl Mullen Memorial Charitable Trust?
The Js & Wl Mullen Memorial Charitable Trust is a nonprofit organization based in Ardmore, Oklahoma. Its primary function is to manage and invest its assets for the benefit of ten specified 501C3 organizations, as per the donor's will. This trust supports these selected charitable organizations, contributing to their ongoing operations and initiatives. The trust does not actively engage in these organizations' activities but plays a crucial role in their financial sustainability.
Is Js & Wl Mullen Memorial Charitable Trust legitimate?
Js & Wl Mullen Memorial Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Js & Wl Mullen Memorial 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: $47,468
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Js & Wl Mullen Memorial Charitable Trust?
The Js & Wl Mullen Memorial Charitable Trust's primary role is to manage and invest assets held in trust, with the intention of benefiting ten designated 501C3 charitable organizations as specified in the donor's will. The trust serves to support these selected organizations by utilizing the trust's assets. The mission of the trust is centered around the responsible allocation and management of funds to aid these identified charitable entities. The trust does not have a mission statement in the traditional sense, as it primarily serves a financial function, but its purpose is to contribute positively to the work of the ten chosen non-profit organizations.
Who is the CEO of Js & Wl Mullen Memorial Charitable Trust?
Unavailable
What is the revenue of Js & Wl Mullen Memorial Charitable Trust?
Js & Wl Mullen Memorial Charitable Trust's revenue in 2022 was $1,340,704.
Who are the executives of Js & Wl Mullen Memorial Charitable Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $47,468
- Related: $0
- Other: $0
Where can I find the form 990 for Js & Wl Mullen Memorial Charitable Trust?
Js & Wl Mullen Memorial Charitable Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Js & Wl Mullen Memorial Charitable Trust
The Js & Wl Mullen Memorial Charitable Trust is a philanthropic organization with a specific mission. Its primary objective is to manage and invest the assets of a trust, which were designated by a donor in his will, for the benefit of ten nonprofit organizations. These selected organizations, all classified as 501C3 entities, are the recipients of the trust's resources. The trust serves as a financial backbone, providing these organizations with the financial support they need to carry out their respective missions. In essence, the Js & Wl Mullen Memorial Charitable Trust plays a crucial role in bolstering the operations and activities of these ten charitable organizations, enabling them to make a positive impact in various communities and sectors.
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Impact
October, 2024
Js & Wl Mullen Memorial Charitable Trust significantly impacts its community by managing and investing trust assets to support ten designated 501(c)(3) organizations. By holding and strategically managing these assets, the trust ensures ongoing financial support for the causes that the donor prioritized in their will. This approach allows for sustainable funding, enabling these organizations to carry out their missions and expand their services. The trust plays a crucial role in enhancing the philanthropic landscape in Ardmore, OK, and beyond, promoting charitable initiatives that benefit various segments of the community.
This information is meant to be a general summary of Js & Wl Mullen Memorial 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 2022.
- Investment Income: $614,235
- Gross Receipts: $1,820,704
Assets and Liabilities:
- Total Assets: $16,925,772
- Total Liabilities: $0
- Net Assets: $16,925,772
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Organization Details
Founding Year
1993
Phone
(580) 220-2753Main Address
PO BOX 277, ARDMORE, OK, 73402
NTEE Category
Code: T00 - Philanthropy
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