Overview
What is Paul B Keighin Unitrust 1045010048?
The Paul B Keighin Unitrust 1045010048 is a charitable trust established with a primary mission to distribute income to three beneficiaries: two churches and a hospital. This trust operates as a source of financial support, providing a regular income, referred to as the unitrust amount. The trust's long-term goal is to eventually distribute its assets outright to these same beneficiaries. The trust's activities are centered around this charitable distribution, contributing to the operations and support of these religious and healthcare organizations. The trust operates based in Champaign, Illinois, as indicated by the provided USAddress details.
Is Paul B Keighin Unitrust 1045010048 legitimate?
Paul B Keighin Unitrust 1045010048 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Paul B Keighin Unitrust 1045010048 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: $1,505
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Paul B Keighin Unitrust 1045010048?
The Paul B Keighin Unitrust 1045010048 is a charitable trust that primarily focuses on distributing a specified income, referred to as the unitrust amount, to three beneficiaries: two churches and a hospital. The trust is structured to eventually distribute its assets outright to these same charitable beneficiaries in the future. The primary activity of this trust involves providing financial support to these institutions, thereby contributing to their ongoing operations and services.
Who is the CEO of Paul B Keighin Unitrust 1045010048?
Martha Tinsley is the Principal Officer of Paul B Keighin Unitrust 1045010048.
What is the revenue of Paul B Keighin Unitrust 1045010048?
Paul B Keighin Unitrust 1045010048's revenue in 2022 was $3,713.
Who are the executives of Paul B Keighin Unitrust 1045010048 and what are their salaries?
There is 1 key member and their salary:
- Compensation: $1,505
- Related: $0
- Other: $0
Where can I find the form 990 for Paul B Keighin Unitrust 1045010048?
Paul B Keighin Unitrust 1045010048's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Paul B Keighin Unitrust 1045010048
The Paul B. Keighin Unitrust 1045010048 is a charitable trust with a specific mission. Its primary activity involves distributing a unitrust amount as income to three beneficiaries: two named churches and a hospital. This trust is designed to provide ongoing support to these institutions, with the ultimate goal of distributing its assets outright to the same named charitable beneficiaries in the future. This philanthropic endeavor aims to contribute to the ongoing operations and sustainability of these religious and healthcare institutions.
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Impact
October, 2024
The Paul B Keighin Unitrust 1045010048 has a significant impact on the financial sustainability of the First United Methodist Church of Urbana and a local hospital through its unitrust payouts. By providing a steady income, the trust supports the operational and program needs of these organizations, enabling them to focus on their mission-driven activities within the community.
As the trust will ultimately distribute its assets outright to these beneficiaries, the potential for a substantial financial boost in the future can enhance their capacity to serve the community. This could facilitate various initiatives, expand services, and address urgent needs, thereby strengthening their overall mission of providing support and resources to the community they serve. The trust's focus on religion-related activities indicates a commitment to fostering spiritual growth and community engagement, reflecting the values and objectives of the named beneficiaries. Overall, this unitrust serves as a vital resource for sustaining and enhancing the impactful work of the involved churches and hospital.
This information is meant to be a general summary of Paul B Keighin Unitrust 1045010048. 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: $3,713
- Gross Receipts: $7,683
Assets and Liabilities:
- Total Assets: $82,572
- Total Liabilities: $0
- Net Assets: $82,572
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Organization Details
Founding Year
1992
Phone
(217) 365-4800Principal Officer
Martha Tinsley
Main Address
PO BOX 260, CHAMPAIGN, IL, 618240260
NTEE Category
Code: X00 - Religion related
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