Overview
What is Charles L Hover Family Foundation First Interstate Bank Trustee?
The Charles L Hover Family Foundation First Interstate Bank Trustee is a nonprofit entity that functions as a financial contributor to Hover Senior Living Community, Inc. The foundation guarantees to distribute its net income to the aforementioned community at least annually. The purpose of this financial support is to assist Hover Senior Living Community, Inc. in fulfilling its mission. The board of directors of the foundation is empowered to utilize the income to cater to the community's essential needs. In essence, the Charles L Hover Family Foundation First Interstate Bank Trustee serves as a financial backbone for Hover Senior Living Community, Inc.
Is Charles L Hover Family Foundation First Interstate Bank Trustee legitimate?
Charles L Hover Family Foundation First Interstate Bank Trustee is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charles L Hover Family Foundation First Interstate Bank Trustee 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: $13,327
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Charles L Hover Family Foundation First Interstate Bank Trustee?
The Charles L Hover Family Foundation First Interstate Bank Trustee's mission is to provide financial support to Hover Senior Living Community, Inc. annually. The net income from the foundation is allocated to the community's needs, as authorized by the board of directors. The primary objective of this financial support is to aid Hover Senior Living Community, Inc. in achieving its mission. The specifics of Hover Senior Living Community, Inc.'s mission are not provided in the given information, but it is implied that the support from the foundation contributes to their operations and services. The foundation's role is essentially to act as a financial backbone for Hover Senior Living Community, Inc. to fulfill its mission effectively.
Who is the CEO of Charles L Hover Family Foundation First Interstate Bank Trustee?
David Stolhand is the Trustee of Charles L Hover Family Foundation First Interstate Bank Trustee.
What is the revenue of Charles L Hover Family Foundation First Interstate Bank Trustee?
Charles L Hover Family Foundation First Interstate Bank Trustee's revenue in 2022 was $57,111.
Who are the executives of Charles L Hover Family Foundation First Interstate Bank Trustee and what are their salaries?
There is 1 key member and their salary:
- Compensation: $13,327
- Related: $0
- Other: $0
Where can I find the form 990 for Charles L Hover Family Foundation First Interstate Bank Trustee?
Charles L Hover Family Foundation First Interstate Bank Trustee's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Charles L Hover Family Foundation First Interstate Bank Trustee
The Charles L Hover Family Foundation First Interstate Bank Trustee serves as a financial backbone for Hover Senior Living Community, Inc., channeling its net income to the organization on an annual basis. This financial support is intended to aid Hover Senior Living Community, Inc. in fulfilling its mission. The board of directors at Hover Senior Living Community, Inc. is granted the authority to utilize these funds to cater to the community's various needs. In essence, the Charles L Hover Family Foundation First Interstate Bank Trustee plays a crucial role in providing financial sustenance to Hover Senior Living Community, Inc., enabling the organization to carry out its mission effectively.
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Impact
October, 2024
The Charles L. Hover Family Foundation First Interstate Bank Trustee has a significant impact on the Hover Senior Living Community, Inc. by providing essential financial support. Through annual distributions of all net income to Hover Senior Living Community, the foundation directly aligns its resources with the community's needs, ensuring that vital services and programs can be sustained and expanded. The board of directors has the flexibility to allocate these funds to address specific requirements, enhancing the overall quality of life for residents. As a result, the foundation plays a crucial role in promoting a supportive and enriching environment for seniors in Billings, MT, thereby contributing to the well-being of the community as a whole.
This information is meant to be a general summary of Charles L Hover Family Foundation First Interstate Bank Trustee. 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: $57,111
- Gross Receipts: $105,157
Assets and Liabilities:
- Total Assets: $987,306
- Total Liabilities: $0
- Net Assets: $987,306
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Organization Details
Founding Year
1976
Phone
(208) 888-1416Principal Officer
David Stolhand
Main Address
PO BOX 30918, BILLINGS, MT, 59116
NTEE Category
Code: T22Z - Philanthropy
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