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Inland Empire Tobacco Securitization Corporation

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

EIN: 260700191 ✦ Riverside, CA ✦ Designated as a 501(c)(3)

Overview

What is Inland Empire Tobacco Securitization Corporation?

Inland Empire Tobacco Securitization Corporation is a nonprofit organization situated in Riverside, California, specifically at 4080 Lemon Street 4th Floor. Their primary role is to manage and distribute tobacco settlement proceeds on behalf of Riverside County and its residents. By facilitating the tobacco settlement funds, this organization plays a significant role in benefiting the local community.


Is Inland Empire Tobacco Securitization Corporation legitimate?

Inland Empire Tobacco Securitization Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Inland Empire Tobacco Securitization Corporation 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.

Here 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 Inland Empire Tobacco Securitization Corporation?
Who is the CEO of Inland Empire Tobacco Securitization Corporation?
What is the revenue of Inland Empire Tobacco Securitization Corporation?
Who are the executives of Inland Empire Tobacco Securitization Corporation and what are their salaries?
Where can I find the form 990 for Inland Empire Tobacco Securitization Corporation?

Mission Statement of Inland Empire Tobacco Securitization Corporation

Inland Empire Tobacco Securitization Corporation, or IETSC, plays a vital role in facilitating the distribution of tobacco settlement proceeds for the benefit of Riverside County and its residents. Established with a clear mission, IETSC works tirelessly to manage these funds, ensuring they reach their intended recipients.

The organization's primary function involves receiving tobacco settlement proceeds and overseeing their distribution. This dedicated work enables the county and its population to reap the rewards from the tobacco settlement. By managing these funds, IETSC contributes significantly to improving the lives of Riverside County residents.

Inland Empire Tobacco Securitization Corporation's mission is twofold. First, it guarantees the county receives its rightful share of the tobacco settlement proceeds. Second, it ensures these funds are used to better the community. Through its mission, IETSC acts as a crucial intermediary, ensuring the tobacco settlement monies are distributed effectively and efficiently, ultimately benefiting the residents of Riverside County.

Impact

This information is meant to be a general summary of Inland Empire Tobacco Securitization Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

The Inland Empire Tobacco Securitization Corporation's impact lies in its facilitation of the tobacco settlement proceeds for the County of Riverside, California. By receiving and distributing these funds for the benefit of the county and its residents, the organization plays a crucial role in ensuring that these resources are utilized effectively and in ways that support the community's well-being. Through its mission to manage the tobacco settlement proceeds, the corporation helps enhance public services, address health-related issues, and contribute to the overall welfare of Riverside County.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

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

  • Investment Income: $38,882
  • Program Service Revenue: $14,465,197
  • Gross Receipts: $14,504,079

    • Assets and Liabilities:
  • Total Assets: $252,558,043
  • Total Liabilities: $221,820,852
  • Net Assets: $30,737,191
  • Programs

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

    TOBACCO SETTLEMENT PROCEE

    Revenue

    $14,465,197

    Organization Details

    Founding Year

    2007

    Principal Officer

    Jeff Van Wagenen

    Main Address

    4080 Lemon Street 4th Floor, Riverside, CA, 92501

    NTEE Category

    Code: W990 - Public benefit

    If you are a representative of Inland Empire Tobacco Securitization Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.