Alice Teater Trust 20064500
- Assets
- $516.7k
- Revenue
- $1.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, OR
- Founding
- Data as of
- 12/2017
- EIN
- 93-6152314
Organization Overview
Alice Teater Trust 20064500 is located in Salem, OR. Alice Teater Trust 20064500 is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2017, Alice Teater Trust 20064500 generated $1.4k in total revenue. All expenses for the organization totaled $23.9k during the year ending 12/2017. While expenses have increased by 11.0% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
THE TRUST STIPULATES THAT IT SHALL BE DISTRIBUTED TO OR FOR THE BENEFIT OF THE HUMANE SOCIETY OF CENTRAL OREGON AND THE HUMANE SOCIETY OF REDMOND (BRIGHTSIDE), BOTH OF WHICH ARE ORGANIZATIONS QUALIFIED AS TAX EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE TRUST'S SOLE ACTIVITY IS TO HOLD INVESTMENT PROPERTY FOR THE BENEFIT OF THE TWO DESCRIPED CHARITIES. THE TRUST WILL DISTRIBUTE ALL OF ITS NET INCOME ANNUALLY TO THE TWO CHARITIES AND SHALL MAKE DISTRIBUTIONS OF PRINCIPAL TO THE CHARITABLE BENEFICIARIES EVERY FIVE YEARS AND WILL BE TERMINATE NO LATER THAN MARCH 24, 2023.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUST STIPULATES THAT IT SHALL BE DISTRIBUTED TO OR FOR THE BENEFIT OF THE HUMANE SOCIETY OF CENTRAL OREGON AND THE HUMANE SOCIETY OF REDMOND (BRIGHTSIDE), BOTH OF WHICH ARE ORGANIZATIONS QUALIFIED AS TAX EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE TRUST'S SOLE ACTIVITY IS TO HOLD INVESTMENT PROPERTY FOR THE BENEFIT OF THE TWO DESCRIPED CHARITIES. THE TRUST WILL DISTRIBUTE ALL OF ITS NET INCOME ANNUALLY TO THE TWO CHARITIES AND SHALL MAKE DISTRIBUTIONS OF PRINCIPAL TO THE CHARITABLE BENEFICIARIES EVERY FIVE YEARS AND WILL BE TERMINATE NO LATER THAN MARCH 24, 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Karnopp Trustee | Trustee | $0 | |
Name Not Listed Successor Tr | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,432 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,432 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,006 |
| Compensation of current officers, directors, key employees. | $6,006 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,047 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $9,883 |
| Total functional expenses | $23,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $231,953 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $284,760 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $516,713 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $516,713 |