John George Jr Paragraph X Trust Acct 656P 1045001860 C/O Comerica

John George Jr Paragraph X Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 911956771 ✦ Detroit, MI ✦ Designated as a 501(c)(3)

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Overview

What is John George Jr Paragraph X Trust Acct 656P 1045001860 C/O Comerica?

John George Jr Paragraph X Trust, with account number 656P 1045001860 and located at PO Box 75000 MC 3302 AG428, Detroit, MI 48275, is a nonprofit entity. Its primary mission is to offer low-cost college loans to students hailing from Jackson Area High Schools. The trust operates under the name "John George Jr Paragraph X Trust" and is managed by Comerica, as indicated by the C/O Comerica in the account name. This nonprofit organization aims to provide financial assistance to aspiring students in the Jackson area, enabling them to pursue higher education without the burden of excessive loan debt.


Official website here: www.johngeorge.com

Is John George Jr Paragraph X Trust Acct 656P 1045001860 C/O Comerica legitimate?

John George Jr Paragraph X Trust Acct 656P 1045001860 C/O Comerica is a legitimate nonprofit organization registered as a 501(c)(3) entity. John George Jr Paragraph X Trust Acct 656P 1045001860 C/O Comerica 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: $132,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.johngeorge.com

What is the mission statement of John George Jr Paragraph X Trust Acct 656P 1045001860 C/O Comerica?

The John George Jr Paragraph X Trust, managed by Comerica, has a mission to provide affordable college loans for students hailing from Jackson area high schools. This mission is carried out by awarding low-cost loans to eligible students, aiming to make higher education more accessible and affordable for them. The trust's activities are focused on supporting the educational aspirations of young individuals, helping them pursue their academic goals without being burdened by excessive loan repayments. By offering low-cost college loans, the trust seeks to contribute positively to the community, enabling students to secure a better future for themselves.


Official website here: www.johngeorge.com

Who is the CEO of John George Jr Paragraph X Trust Acct 656P 1045001860 C/O Comerica?

Barbara Geisman Meyers is the Trustee of John George Jr Paragraph X Trust Acct 656P 1045001860 C/O Comerica.


Official website here: www.johngeorge.com

What is the revenue of John George Jr Paragraph X Trust Acct 656P 1045001860 C/O Comerica?

John George Jr Paragraph X Trust Acct 656P 1045001860 C/O Comerica's revenue in 2022 was $1,152,585.


Official website here: www.johngeorge.com

Who are the executives of John George Jr Paragraph X Trust Acct 656P 1045001860 C/O Comerica and what are their salaries?


Here are 4 key members and their salaries:


John S Kane (Trustee)
  • Compensation: $44,000
  • Related: $0
  • Other: $0
Barbara Geisman Meyers (Trustee)
  • Compensation: $44,000
  • Related: $0
  • Other: $0
Edwin Payne (Trustee)
  • Compensation: $44,000
  • Related: $0
  • Other: $0
Comerica Bank (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.johngeorge.com

Where can I find the form 990 for John George Jr Paragraph X Trust Acct 656P 1045001860 C/O Comerica?

John George Jr Paragraph X Trust Acct 656P 1045001860 C/O Comerica's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.johngeorge.com

Learn more at the official website: www.johngeorge.com

Mission Statement of John George Jr Paragraph X Trust Acct 656P 1045001860 C/O Comerica

The John George Jr Paragraph X Trust, identified by its account number 656P 1045001860 and managed by Comerica, is committed to a noble mission. This mission is centered around providing affordable college loans to students hailing from high schools within the Jackson area. By offering low-cost loan options, the trust aims to alleviate the financial burden associated with higher education, opening up opportunities for deserving students who may otherwise be unable to pursue their academic goals. The trust's primary activity is to award these loans, thereby empowering young individuals from the Jackson community to pursue their dreams of higher education.

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Impact




October, 2024

The John George Jr Paragraph X Trust Acct 656P 1045001860 C/O Comerica plays a significant role in enhancing educational opportunities for students from Jackson area high schools. By providing low-cost college loans, the trust facilitates access to higher education for those who might otherwise face financial barriers. This support not only empowers students to pursue their academic goals but also contributes to the development of a more educated workforce in the region. The impact is multifaceted, as it helps individuals gain qualifications and skills that can lead to improved employment prospects, ultimately benefiting the local economy and community. Additionally, by focusing on students from the Jackson area, the trust fosters a sense of local investment in education and encourages a culture of learning and achievement within the community.




This information is meant to be a general summary of John George Jr Paragraph X Trust Acct 656P 1045001860 C/O Comerica. 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.

Revenue
$1,152,585 (2022)
Expenses
$1,729,036 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $805,940
  • Program Service Revenue: $337,013
  • Gross Receipts: $1,312,309

Assets and Liabilities:

  • Total Assets: $30,242,126
  • Total Liabilities: $0
  • Net Assets: $30,242,126

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

STUDENT LOAN INTEREST

Revenue

$337,013

Organization Details

Founding Year

1939

Principal Officer

Barbara Geisman Meyers

Main Address

PO BOX 75000 MC 3302 AG428, DETROIT, MI, 48275

NTEE Category

Code: B82 - Education

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