Overview
What is The Margaret Kincheloe Holbrook Charitable Trust?
The Margaret Kincheloe Holbrook Charitable Trust is a philanthropic organization, established to honor the memory of Margaret Kincheloe Holbrook. Situated in Atlanta, Georgia, the trust adheres to a trust agreement that mandates the distribution of a specific portion of its annual income to three designated charitable entities. These entities include the River Park Center, Inc., Owensboro Symphony Orchestra, Inc., and the Good Fellows Club of Owensboro, Inc., all of which are 501(c)(3) charities that operate in Owensboro, Kentucky. The River Park Center focuses on arts and entertainment, while the Owensboro Symphony Orchestra delves into music. The Good Fellows Club, in particular, centers its efforts on providing Christmas programs for underprivileged children residing in Daviess County, Kentucky. The trust's primary mission is to support these organizations annually through its net income.
Is The Margaret Kincheloe Holbrook Charitable Trust legitimate?
The Margaret Kincheloe Holbrook Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Margaret Kincheloe Holbrook Charitable 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: $9,896
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Margaret Kincheloe Holbrook Charitable Trust?
The Margaret Kincheloe Holbrook Charitable Trust was established with the purpose of honoring Margaret Kincheloe Holbrook by annually distributing its net income to three selected 501(c)(3) charitable organizations. Among these organizations is the Good Fellows Club of Owensboro, Inc., which utilizes the annual contribution for their Christmas programs aimed at supporting underprivileged children residing in Daviess County, Kentucky. In essence, the trust serves as a philanthropic entity, channeling its annual income to these charitable organizations to carry out their respective missions. The exact missions of these organizations are not specified in the provided information, but it is clear that the Margaret Kincheloe Holbrook Charitable Trust supports their causes.
What is the revenue of The Margaret Kincheloe Holbrook Charitable Trust?
The Margaret Kincheloe Holbrook Charitable Trust's revenue in 2023 was $119,193.
Who are the executives of The Margaret Kincheloe Holbrook Charitable Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $9,896
- Related: $0
- Other: $0
Where can I find the form 990 for The Margaret Kincheloe Holbrook Charitable Trust?
The Margaret Kincheloe Holbrook Charitable Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Margaret Kincheloe Holbrook Charitable Trust
The Margaret Kincheloe Holbrook Charitable Trust, established in honor of Margaret Kincheloe Holbrook, is dedicated to commemorating her legacy by annually distributing its net income to selected 501(c)(3) charitable organizations. Among these chosen beneficiaries are River Park Center, Inc., Owensboro Symphony Orchestra, Inc., and Good Fellows Club of Owensboro, Inc. The Trust's mission is specifically geared towards contributing financially to these organizations, with an annual allocation of $400 to the Good Fellows Club of Owensboro, a charitable entity that focuses on conducting Christmas programs for underprivileged children residing in Daviess County, Kentucky. By supporting these organizations, the Margaret Kincheloe Holbrook Charitable Trust effectively extends the impact and reach of their respective missions, enabling them to continue their noble work in the fields of arts, community development, and children's welfare.
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Impact
October, 2024
The Margaret Kincheloe Holbrook Charitable Trust significantly impacts the local community by providing annual financial support to key charitable organizations. By contributing its net income, the trust memorializes Margaret Kincheloe Holbrook while fostering cultural and social enrichment in the area.
Each year, the trust allocates funding to several vital organizations, ensuring a diverse range of benefits. For instance, it distributes a minimum of $400 to the Good Fellows Club of Owensboro, which organizes Christmas programs for underprivileged children in Daviess County. This initiative directly uplifts families in need during the holiday season, promoting joy and support in the community.
Additionally, by supporting the River Park Center and the Owensboro Symphony Orchestra, the trust plays a crucial role in sustaining the arts within Owensboro. This funding helps foster cultural engagement and accessibility to the arts, allowing community members to participate in and enjoy various performances and events.
Overall, the trust’s contributions enhance not only the festive spirit for disadvantaged children but also the cultural landscape of the region, creating a lasting legacy of community support and enrichment.
This information is meant to be a general summary of The Margaret Kincheloe Holbrook Charitable 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 2023.
- Investment Income: $31,834
- Gross Receipts: $1,884,206
Assets and Liabilities:
- Total Assets: $918,168
- Total Liabilities: $17,141
- Net Assets: $901,027
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Organization Details
Founding Year
2000
Principal Officer
Truist Trust Dept Trustee
NTEE Category
Code: A61 - Arts
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