Overview
What is Chapple Harry Testamentary Trust?
The Chapple Harry Testamentary Trust is a charitable entity established under the will of Harry Chapple. Its purpose is to support the San Angelo, Texas, office of the Salvation Army, a recognized benevolent organization categorized as a Section 501(C)(3) entity by the Internal Revenue Service. The trust distributes its net income to the Salvation Army in quarterly installments, which the beneficiary must utilize solely for charitable, benevolent, and non-profit purposes, specifically aiding the less fortunate within Tom Green County, Texas. The trust's mission is centered around providing assistance to those in need in the specified area.
Is Chapple Harry Testamentary Trust legitimate?
Chapple Harry Testamentary Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chapple Harry Testamentary 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:
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What is the mission statement of Chapple Harry Testamentary Trust?
The Chapple Harry Testamentary Trust is a charitable entity established through Harry Chapple's will. Its primary purpose is to utilize the residue of his estate for benevolent, charitable, and non-profit causes, benefiting needy individuals in Tom Green County, Texas. The trust requires the trustee to distribute at least quarterly the net income of the trust estate to the beneficiary, who must then utilize these funds solely for these specified purposes. The trust is categorized as a qualified benevolent entity under IRS Section 501(C)(3), which allows it to receive tax-exempt donations. The trust's mission is aligned with supporting the welfare and needs of vulnerable individuals within its specified geographical area.
Who is the CEO of Chapple Harry Testamentary Trust?
Joe Payne Exec Vp - Plan Mgr is the Bank Preside of Chapple Harry Testamentary Trust.
What is the revenue of Chapple Harry Testamentary Trust?
Chapple Harry Testamentary Trust's revenue in 2022 was $25,478.
Who are the executives of Chapple Harry Testamentary Trust and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Chapple Harry Testamentary Trust?
Chapple Harry Testamentary Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chapple Harry Testamentary Trust
The Chapple Harry Testamentary Trust is a charitable entity established through the last will of Harry Chapple. The trust's mission is to utilize the residue of Chapple's estate for the sole benefit of the San Angelo, Texas, office of The Salvation Army. This office is categorized as a qualified benevolent entity under IRS Section 501(c)(3), making it eligible to receive charitable donations.
The trustee is required to distribute the net income of the trust estate to the beneficiary at least quarterly. The beneficiary, in turn, is tasked with utilizing these funds for benevolent, charitable, and non-profit purposes. The primary focus of these funds is to aid needy individuals in Tom Green County, Texas. By supporting such initiatives, the Chapple Harry Testamentary Trust aims to contribute positively to the community and address the needs of its most vulnerable members.
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Impact
October, 2024
The Chapple Harry Testamentary Trust significantly impacts the community in Tom Green County, Texas, by providing vital financial resources to the San Angelo Texas Office of the Salvation Army. Established through Harry Chapple's last will, this trust ensures that the residue of his estate is allocated specifically for charitable purposes that directly benefit the needy in the area.
In 2022, the trust distributed its net income to the Salvation Army, enabling the organization to enhance its services for the local community. The requirement for quarterly payments ensures a steady stream of funding, allowing the Salvation Army to consistently offer support and assistance to those in need throughout the county.
By focusing solely on charitable and non-profit purposes, the Chapple Harry Testamentary Trust plays a crucial role in addressing poverty and providing essential services. This collaboration fosters a supportive environment for vulnerable populations, ultimately contributing to the overall well-being and improvement of life for those in Tom Green County.
This information is meant to be a general summary of Chapple Harry Testamentary 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: $25,478
- Gross Receipts: $70,320
Assets and Liabilities:
- Total Assets: $913,823
- Total Liabilities: $0
- Net Assets: $913,823
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Organization Details
Founding Year
2001
Phone
(325) 944-7528Principal Officer
Joe Payne Exec Vp - Plan Mgr
Main Address
TSB TRUST DEPT 2201 SHERWOOD WAY, SAN ANGELO, TX, 769013057
NTEE Category
Code: T22 - Philanthropy
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