Overview
What is Lesta Hoel Memorial Trust Fund?
The Lesta Hoel Memorial Trust Fund is a charitable entity, established to provide assistance to senior citizens, primarily those residing in Terwilliger Plaza, located in Portland, Oregon. The fund offers aid to individuals who are facing financial challenges, either due to depleted resources or exigent circumstances. In 2022, the Trust supported nine such residents of Terwilliger Plaza. The mission of the Trust is to alleviate the financial burden of senior citizens who have become members of Terwilliger Plaza, Inc., ensuring they can meet their living expenses, even in times of need.
Is Lesta Hoel Memorial Trust Fund legitimate?
Lesta Hoel Memorial Trust Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lesta Hoel Memorial Trust Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Lesta Hoel Memorial Trust Fund?
The Lesta Hoel Memorial Trust Fund's primary mission is to provide aid and assistance to senior citizens, with a focus on those who are members of Terwilliger Plaza, Inc. The purpose of the trust is to offer financial support to these individuals when they find themselves in a situation where their funds have been depleted due to reasons such as illness, leaving them in need of help with their living expenses. The board of trustees is responsible for determining the annual spending policy for the fund.
Who is the CEO of Lesta Hoel Memorial Trust Fund?
Ryan Miller is the Principal Officer of Lesta Hoel Memorial Trust Fund. The CEO's salary of Lesta Hoel Memorial Trust Fund is $0 and their total compensation is $286,735.
What is the revenue of Lesta Hoel Memorial Trust Fund?
Lesta Hoel Memorial Trust Fund's revenue in 2022 was -$38,871.
Who are the executives of Lesta Hoel Memorial Trust Fund and what are their salaries?
There 12 volunteers at Lesta Hoel Memorial Trust Fund.
Here are 13 key members and their salaries (Lesta Hoel Memorial Trust Fund's CEO's salary is $0 and their total compensation is $286,735):
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- Related: $276,302
- Other: $10,433
- Compensation: $0
- Related: $168,575
- Other: $10,034
Where can I find the form 990 for Lesta Hoel Memorial Trust Fund?
Lesta Hoel Memorial Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lesta Hoel Memorial Trust Fund
The Lesta Hoel Memorial Trust Fund is established with a mission to provide aid and assistance to senior citizens, primarily those who have become members of Terwilliger Plaza, Inc. The purpose of this trust is to support these individuals who, due to various reasons such as sickness or depletion of funds, find themselves in a position where they require financial assistance to cover their living expenses. The board of trustees is responsible for determining the annual spending policy for the fund.
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Impact
October, 2024
The Lesta Hoel Memorial Trust Fund significantly impacts the lives of senior citizens, particularly those at Terwilliger Plaza, Inc. By providing grants to support residents who face financial challenges, the fund helps ensure that individuals lacking sufficient income or assets can afford their living expenses. In 2022, the fund was instrumental in assisting nine residents, offering them vital resources to maintain a quality standard of living during challenging times. This assistance not only alleviates financial stress for the elderly but also fosters a sense of community and security within the supportive environment of Terwilliger Plaza. The trust's mission reflects a commitment to enhancing the well-being of seniors, especially those who have exhausted their funds due to illness or other circumstances.
This information is meant to be a general summary of Lesta Hoel Memorial Trust Fund. 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: -$107,242
- Gross Receipts: $426,835
Assets and Liabilities:
- Total Assets: $4,601,500
- Total Liabilities: $1,419
- Net Assets: $4,600,081
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Organization Details
Founding Year
1967
Phone
(503) 226-4911Principal Officer
Ryan Miller
Main Address
2545 SW TERWILLIGER BLVD, PORTLAND, OR, 97201
NTEE Category
Code: T90Z - Philanthropy
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