Overview
What is San Diego County Tobacco Securitization Corporation?
The San Diego County Tobacco Securitization Corporation is a nonprofit organization established to support the County of San Diego in managing risks related to future tobacco settlement payments under the Master Settlement Agreement. By securitizing these payments, the corporation facilitates their efficient use for the benefit of the county. The corporation's principal amount totals $15,772,041, with an interest of $17,244,000 and professional services costing $229,128. The organization aims to ensure the County of San Diego receives optimal financial outcomes from the tobacco settlement payments.
Is San Diego County Tobacco Securitization Corporation legitimate?
San Diego County Tobacco Securitization Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. San Diego County 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
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What is the mission statement of San Diego County Tobacco Securitization Corporation?
The San Diego County Tobacco Securitization Corporation was established to assist the County in managing risks associated with tobacco settlement payments and optimizing the utilization of these funds. Its primary objective is to provide financial support for the securitization of these payments, ensuring a steady revenue stream for the County. The Corporation's role extends beyond risk management, as it also facilitates the efficient allocation of tobacco settlement funds to various County projects and initiatives.
Who is the CEO of San Diego County Tobacco Securitization Corporation?
Michel Anderson is the Secretary of San Diego County Tobacco Securitization Corporation.
What is the revenue of San Diego County Tobacco Securitization Corporation?
San Diego County Tobacco Securitization Corporation's revenue in 2022 was $35,529,297.
Who are the executives of San Diego County Tobacco Securitization Corporation and what are their salaries?
- Daniel V Mcallister (Chair) [Trustee/Director]
- Michel Anderson (Secretary) [Trustee/Director]
- Ebony Shelton (Director And Cfo)
Where can I find the form 990 for San Diego County Tobacco Securitization Corporation?
The San Diego County Tobacco Securitization Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of San Diego County Tobacco Securitization Corporation
San Diego County Tobacco Securitization Corporation, also known as the Corporation, was established to bring advantages to the County of San Diego. Its primary objective is to aid the County in managing the financial risks associated with the future receipt of tobacco settlement payments, as stipulated in the Master Settlement Agreement. By doing so, the Corporation facilitates the efficient utilization of these tobacco settlement payments.
The Corporation plays a crucial role in mitigating uncertainty surrounding the County's future tobacco settlement payments. It accomplishes this by supporting the securitization process, which transforms these payments into more stable, predictable financial instruments. This not only minimizes potential financial risks but also enables the County to plan for the allocation of these funds in a more strategic manner.
Additionally, the Corporation's activities contribute to enhancing the financial management capabilities of the County. The organization manages the financial aspects of the securitization process, thereby allowing the County to focus on its core responsibilities. The Corporation's professional services are an essential component of this process, ensuring that the County reaps the full benefits of the tobacco settlement payments while effectively managing the associated risks.
Impact
This information is meant to be a general summary of San Diego County 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
San Diego County Tobacco Securitization Corporation's impact lies in managing the risks associated with future receipt of tobacco settlement payments and facilitating the efficient use of these payments for the benefit of the County of San Diego. By supporting the securitization of tobacco settlement payments under the Master Settlement Agreement, the Corporation ensures a stable and predictable source of funding for the county. This enables the county to allocate resources effectively towards public benefit initiatives and community projects that enhance the well-being of its residents.
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.
- Assets and Liabilities:
Organization Details
Founding Year
2000
Phone
(619) 685-2392
Principal Officer
Michel Anderson
Main Address
1600 PACIFIC HWY RM 076, SAN DIEGO, CA, 921012429
NTEE Category
Code: W22 - Public benefit
If you are a representative of San Diego County 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.