Overview
What is Mead Spl Site Custodial Trust?
The Mead Spl Site Custodial Trust is a trust fund established in 2004, following a legal agreement with Kaiser Aluminum Corporation. Its primary purpose is to manage funds allocated for the remediation of environmental contamination. The trust is overseen by both the Washington State Department of Ecology and the United States Environmental Protection Agency, ensuring adherence to the trust agreement. The trust's mission is to address the release of hazardous substances from a highly contaminated dump site, which was identified in the agreement. The trust continues to operate and direct its resources towards this environmental remediation effort.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 34%, Zero-Star out of Four Star rating.
The Mead Spl Site Custodial Trust has received a low rating of 34%, indicating significant concerns regarding its accountability and financial practices. The score is based solely on the Accountability & Finance beacon, highlighting the organization's struggles in meeting transparency and governance standards.
Strengths noted include having a fully independent board and a conflict of interest policy, which are positive indicators of governance practices. However, the organization failed to demonstrate adequate documentation and disclosure practices, such as not posting meeting minutes or tax forms on its website, which detracts from its transparency.
Additionally, the trust has a concerning lack of program expenses and a zero liability to assets ratio, suggesting potential financial mismanagement or underutilization of resources. Overall, the rating signifies a need for improvement in accountability, financial reporting, and public transparency to build trust and support.
This AI summary has been generated from information found on Charity Navigator.
Is Mead Spl Site Custodial Trust legitimate?
Mead Spl Site Custodial Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mead Spl Site Custodial 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: $37,804
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Mead Spl Site Custodial Trust?
The Mead Spl Site Custodial Trust was established with the intention to manage funds allocated for addressing environmental contamination. Specifically, it was created following a consent decree in 2004, requiring Kaiser Aluminum Corporation to fund the trust. The primary purpose of this trust is to aid the Washington State Department of Ecology and the U.S. Environmental Protection Agency in remediating the release of hazardous substances from a highly contaminated dump site. The trust will continue to provide funds for remedial action in accordance with the trust agreement and under the direction and supervision of both agencies.
Who is the CEO of Mead Spl Site Custodial Trust?
Daniel J Silver is the Trustee of Mead Spl Site Custodial Trust.
What is the revenue of Mead Spl Site Custodial Trust?
Mead Spl Site Custodial Trust's revenue in 2022 was $73,237.
Who are the executives of Mead Spl Site Custodial Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $37,804
- Related: $0
- Other: $0
Where can I find the form 990 for Mead Spl Site Custodial Trust?
Mead Spl Site Custodial Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mead Spl Site Custodial Trust
The Mead Spl Site Custodial Trust, established in 2004 through a consent decree, serves as a fiduciary entity for funds intended to address environmental contamination. The trust's primary mission is to collaborate with the Washington State Department of Ecology and the United States Environmental Protection Agency in remediating the release of hazardous substances from a highly contaminated dump site.
This custodial trust was created with the sole purpose of using the funds to rectify the environmental damage caused by Kaiser Aluminum Corporation. The trust's operations are guided by the Trust Agreement, ensuring that remedial action is carried out in accordance with its stipulations and under the direction and supervision of the aforementioned agencies. The trust is committed to continuing its efforts in remediating the environmental contamination, working diligently to ensure the health and safety of the surrounding ecosystem.
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Impact
June, 2024
Mead Spl Site Custodial Trust has a significant impact on environmental remediation efforts in Washington State. Its primary purpose is to provide funding for the remediation of environmental contamination, specifically from a highly contaminated dump site. By overseeing and allocating funds in accordance with trust agreements and in consultation with relevant environmental agencies, the Trust plays a crucial role in addressing hazardous substances released into the environment. This proactive approach helps protect the environment, public health, and surrounding communities from the adverse effects of pollution.
This information is meant to be a general summary of Mead Spl Site Custodial 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: $73,237
- Gross Receipts: $657,427
Assets and Liabilities:
- Total Assets: $2,197,587
- Total Liabilities: $0
- Net Assets: $2,197,587
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Organization Details
Founding Year
2004
Phone
(360) 754-9343Principal Officer
Daniel J Silver
Main Address
606 Columbia Street NW Suite 212, Olympia, WA, 98501
NTEE Category
Code: C99 - Environment
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