Overview
What is Audrey Backus Charitable Trust?
The Audrey Backus Charitable Trust is a philanthropic organization situated in Las Vegas, Nevada. Its primary objective is to manage investments, aiming to generate income through various means such as rents, interest, dividends, and gains. The ultimate goal, however, is to boost the value of the underlying securities and properties, all in service of its sole beneficiary, the California Community Foundation. The trust's mission is to diligently manage investments, ensuring they contribute to the California Community Foundation's support, as mandated by the trust's stipulations.
Is Audrey Backus Charitable Trust legitimate?
Audrey Backus Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Audrey Backus 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: $150,807
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Audrey Backus Charitable Trust?
The Audrey Backus Charitable Trust's mission is centered around managing investments, as required by its trust, with the sole intention of benefiting the California Community Foundation. The primary objective is to generate income through various sources such as rents, interest, dividends, and gains. Additionally, the trust aims to increase the value of its underlying securities and properties, all for the benefit of the California Community Foundation. This financial management approach is carried out with the ultimate goal of supporting the California Community Foundation and contributing positively to the broader California community.
Who is the CEO of Audrey Backus Charitable Trust?
Wells Fargo Bank N A is the Trustee of Audrey Backus Charitable Trust.
What is the revenue of Audrey Backus Charitable Trust?
Audrey Backus Charitable Trust's revenue in 2022 was $1,993,014.
Who are the executives of Audrey Backus Charitable Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $150,807
- Related: $0
- Other: $0
Where can I find the form 990 for Audrey Backus Charitable Trust?
Audrey Backus Charitable Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Audrey Backus Charitable Trust
The Audrey Backus Charitable Trust is dedicated to managing investments with a specific purpose. Their mission is to ensure that these investments support the California Community Foundation, serving as the sole beneficiary as per the trust's requirements. The primary objective of these investments is twofold. Firstly, they aim to generate income through various sources such as rents, interest, dividends, and gains. This income is intended to contribute to the financial well-being of the California Community Foundation. Secondly, the trust seeks to increase the value of the underlying securities and properties. This increment in value would further benefit the California Community Foundation, contributing to its growth and capacity to serve its intended community. In essence, the Audrey Backus Charitable Trust's mission revolves around managing investments in a way that primarily supports the California Community Foundation, both financially and in terms of asset growth.
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Impact
October, 2024
The Audrey Backus Charitable Trust plays a significant role in enhancing community welfare by strategically managing investments aimed at supporting the California Community Foundation. This trust generates income through various channels, including rents, interest, dividends, and capital gains.
By focusing on increasing the value of underlying securities and properties, the trust ensures a sustainable financial foundation that directly benefits the California Community Foundation, the sole beneficiary. This structured approach to investment management not only fosters economic growth but also amplifies philanthropic efforts within California, allowing the foundation to carry out its mission effectively. The impact extends to numerous communities and initiatives supported by the foundation, helping to address pressing social needs and promote community development.
This information is meant to be a general summary of Audrey Backus 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 2022.
- Investment Income: $1,993,060
- Gross Receipts: $6,093,008
Assets and Liabilities:
- Total Assets: $19,426,362
- Total Liabilities: $0
- Net Assets: $19,426,362
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Organization Details
Founding Year
2000
Phone
(888) 730-4933Principal Officer
Wells Fargo Bank N A
Main Address
6325 S RAINBOW BLVD STE 300, LAS VEGAS, NV, 89118
NTEE Category
Code: T90 - Philanthropy
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