Overview
What is Kokernot Trust Highground Advisors?
Kokernot Trust Highground Advisors is a financial entity based in Dallas, Texas, with an address at 1717 Main St Ste 1400. The trust's primary role involves distributing income to three charitable organizations: Baylor University, University of Mary Hardin-Baylor, and Southwestern Baptist Theological Seminary. These organizations fall under the category of 170(c) (2), which refers to specific types of charitable organizations. The Baptist General Convention of Texas, an association of Baptist churches, oversees these charities, ensuring they align with the trust's mission. The trust instrument is the guiding document that outlines these financial obligations.
Is Kokernot Trust Highground Advisors legitimate?
Kokernot Trust Highground Advisors is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kokernot Trust Highground Advisors 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Kokernot Trust Highground Advisors?
The mission of Kokernot Trust Highground Advisors, as outlined by its trust instrument, is to distribute its income to several charitable entities. These beneficiaries include Baylor University, University of Mary Hardin-Baylor, and Southwestern Baptist Theological Seminary, along with other charitable organizations that fall under section 170(c) (2) and are affiliated with the Baptist General Convention of Texas. The purpose of these distributions is to support the operations and activities of these charitable entities. While the specific objectives or goals of these organizations are not detailed in the provided information, the mission of Kokernot Trust Highground Advisors is to facilitate financial assistance for their continued operations.
Who is the CEO of Kokernot Trust Highground Advisors?
Highground Advisors is the Trustee of Kokernot Trust Highground Advisors.
What is the revenue of Kokernot Trust Highground Advisors?
Kokernot Trust Highground Advisors's revenue in 2022 was $494,900.
Who are the executives of Kokernot Trust Highground Advisors and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Kokernot Trust Highground Advisors?
Kokernot Trust Highground Advisors's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kokernot Trust Highground Advisors
Kokernot Trust Highground Advisors, as stated in its trust instrument, is mandated to distribute its income to several entities. These recipients include Baylor University, University of Mary Hardin-Baylor, and Southwestern Baptist Theological Seminary, along with other charitable organizations that fall under the category of 170(c) (2) and are affiliated with the Baptist General Convention of Texas, an organization of Baptist churches. This requirement implies that the mission of Kokernot Trust Highground Advisors is to support these educational and religious institutions and organizations, contributing to their operations and charitable works.
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Impact
October, 2024
Kokernot Trust Highground Advisors significantly impacts higher education institutions by directing income to esteemed entities such as Baylor University, the University of Mary Hardin-Baylor, and Southwestern Baptist Theological Seminary. The trust provides essential financial support, totaling over $476,000 in recent distributions, which enhances educational opportunities and resources at these institutions. This funding bolsters academic programs, scholarships, and infrastructure, ultimately fostering a richer educational environment for students. Additionally, by supporting organizations affiliated with the Baptist General Convention of Texas, Kokernot Trust reinforces the mission and outreach of these charitable organizations within the community, promoting a commitment to education rooted in Baptist values.
This information is meant to be a general summary of Kokernot Trust Highground Advisors. 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: $494,900
- Gross Receipts: $494,900
Assets and Liabilities:
- Total Assets: $2,889,245
- Total Liabilities: $0
- Net Assets: $2,889,245
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Organization Details
Founding Year
1940
Phone
(214) 978-3300Principal Officer
Highground Advisors
Main Address
1717 MAIN ST STE 1400, DALLAS, TX, 75201
NTEE Category
Code: B43I - Education
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