Overview
What is Alvina E Mckenna Charitable Trust 2409?
Alvina E Mckenna Charitable Trust 2409 is a philanthropic organization situated in San Antonio, Texas. The primary function of this trust is to contribute a portion of its assets to the Mckenna Foundation, provided that the foundation continues to operate as a 501(c)(3) nonprofit organization. Specifically, the trust distributes 5% of its net fair market value annually, as determined at the end of the preceding calendar year. The trust's activities are centered around supporting the Mckenna Foundation.
Is Alvina E Mckenna Charitable Trust 2409 legitimate?
Alvina E Mckenna Charitable Trust #2409 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alvina E Mckenna Charitable Trust #2409 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: $3,959
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Alvina E Mckenna Charitable Trust 2409?
The Alvina E. Mckenna Charitable Trust distributes a portion of its resources to an organization described under section 501(c)(3), known as the Mckenna Foundation, on an annual basis. Specifically, the trust distributes 5% of its net fair market value each year, as determined at the end of the preceding calendar year. This distribution continues as long as the Mckenna Foundation maintains its status as a 501(c)(3) organization. The primary focus of the Alvina E. Mckenna Charitable Trust appears to be supporting the Mckenna Foundation, which, by implication, may have its own mission statement and activities. The exact purpose or mission of the Mckenna Foundation is not provided in the information provided.
Who is the CEO of Alvina E Mckenna Charitable Trust 2409?
Frost Bank is the Debbie Broemsen, Administrator of Alvina E Mckenna Charitable Trust #2409.
What is the revenue of Alvina E Mckenna Charitable Trust 2409?
Alvina E Mckenna Charitable Trust 2409's revenue in 2022 was $62,175.
Who are the executives of Alvina E Mckenna Charitable Trust 2409 and what are their salaries?
There is 1 key member and their salary:
- Compensation: $3,959
- Related: $0
- Other: $0
Where can I find the form 990 for Alvina E Mckenna Charitable Trust 2409?
Alvina E Mckenna Charitable Trust 2409's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Alvina E Mckenna Charitable Trust 2409
Alvina E. McKenna Charitable Trust 2409, as per its mission, distributes a specified portion of its net fair market value annually to the McKenna Foundation. This distribution continues as long as the McKenna Foundation maintains its status as a 501(c)(3) organization. The Charitable Trust's role primarily revolves around financing the McKenna Foundation, thereby supporting its initiatives and programs. The Trust's activities are regulated by the terms set forth in its trust instrument, which the trustee adheres to diligently. This philanthropic organization contributes to the McKenna Foundation's mission, thereby extending its reach and impact in the broader societal context.
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Impact
October, 2024
The Alvina E. McKenna Charitable Trust 2409 has a significant impact through its planned financial contributions to the Mckenna Foundation. By distributing 5% of its net fair market value each year, the trust provides a stable funding source that supports the foundation's initiatives and programs. This consistent financial backing allows the Mckenna Foundation to plan and implement its mission effectively, enhancing its ability to serve the community and fulfill its objectives.
Located in San Antonio, Texas, the trust's structured approach ensures that its contributions continue as long as the Mckenna Foundation maintains its status as a 501(c)(3) organization. This support plays a critical role in fostering philanthropic efforts that can lead to substantial positive change within the community, addressing various needs and promoting charitable causes. The trust’s commitment to philanthropy not only strengthens the foundation's capabilities but also encourages a culture of giving and social responsibility in the region.
This information is meant to be a general summary of Alvina E Mckenna Charitable Trust 2409. 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: $62,175
- Gross Receipts: $205,678
Assets and Liabilities:
- Total Assets: $929,159
- Total Liabilities: $0
- Net Assets: $929,159
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Organization Details
Founding Year
1973
Phone
(210) 220-4438Principal Officer
Frost Bank
Main Address
C/O FROST BANK TRUSTEE PO BOX 2950, SAN ANTONIO, TX, 782992950
NTEE Category
Code: T50 - Philanthropy
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