Overview
What is Lola M Remington Trust?
The Lola M Remington Trust is a financial entity that generates income primarily for the benefit of Texas Tech University. This income is utilized to manage the Ernest H. and Lola M. Remington Scholarship Fund, providing educational support to recipients. The trust, located in Wichita Falls, Texas, follows an investment-focused approach, with the remaining income benefiting the True Cemetery Association. The trust's activities are limited to financial support and do not involve direct community engagement or services.
Is Lola M Remington Trust legitimate?
Lola M Remington Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lola M Remington 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: $26,120
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Lola M Remington Trust?
The Lola M Remington Trust primarily functions with the income it generates, solely benefiting Texas Tech University and the True Cemetery Association. This income is utilized to manage the Ernest H. and Lola M. Remington Scholarship Fund within Texas Tech University. The primary objective of the trust remains invested in nature, contributing to this educational scholarship fund and the associated activities.
Who is the CEO of Lola M Remington Trust?
American National Bank is the Principal Officer of Lola M Remington Trust.
What is the revenue of Lola M Remington Trust?
Lola M Remington Trust's revenue in 2023 was $19,496.
Who are the executives of Lola M Remington Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $26,120
- Related: $0
- Other: $0
Where can I find the form 990 for Lola M Remington Trust?
Lola M Remington Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lola M Remington Trust
The Lola M Remington Trust is a philanthropic entity with a unique mission. Its primary objective is to generate income, which is then exclusively utilized for the benefit of two entities: Texas Tech University and the True Cemetery Association. Specifically, the income is allocated to Texas Tech University for the administration of the Ernest H. and Lola M. Remington Scholarship Fund. This fund provides financial assistance to individuals in need, furthering the educational goals of Texas Tech University. In essence, the Lola M Remington Trust serves as a steady source of support, contributing to both academic pursuits and commemoration efforts through its scholarship fund and association with the True Cemetery Association.
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Impact
October, 2024
The Lola M Remington Trust has a significant impact on educational accessibility and support in Texas. Through the income generated by the trust, financial resources are directed to Texas Tech University, specifically benefiting the Ernest H. and Lola M. Remington Scholarship Fund. This fund provides scholarships that alleviate the financial burden on students, making higher education more attainable and fostering academic excellence.
Additionally, the trust also supports the True Cemetery Association, contributing to the preservation and maintenance of historical sites. By investing in these initiatives, the Lola M Remington Trust not only enhances educational opportunities but also plays a vital role in honoring and preserving community heritage in Wichita Falls, Texas.
This information is meant to be a general summary of Lola M Remington 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 2023.
- Investment Income: $2,987
- Gross Receipts: $414,808
Assets and Liabilities:
- Total Assets: $1,584,422
- Total Liabilities: $690
- Net Assets: $1,583,732
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Organization Details
Founding Year
1987
Phone
(940) 397-2371Principal Officer
American National Bank
Main Address
2732 Midwestern Parkway, Wichita Falls, TX, 763080477
NTEE Category
Code: Y50 - Mutual benefit
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