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Pacific Sound Resources Environmental Trust

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

EIN: 916378554 ✦ Olympia, WA ✦ Designated as a 501(c)(3)

Overview

What is Pacific Sound Resources Environmental Trust?

The Pacific Sound Resources Environmental Trust is a nonprofit organization based in Olympia, Washington, primarily established to facilitate the liquidation of Pacific Sound Resources, Inc. This liquidation process is carried out in accordance with decrees issued by the United States District Court and the United States Environmental Protection Agency, with the aim of settling Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) claims on behalf of the United States Environmental Protection Agency. The trust was created with the goal of using the liquidation proceeds exclusively for the benefit of the U.S. Environmental Protection Agency, the Muckleshit Indian Tribe, and the Squamish Indian Tribe. Although the specific activities or programs offered by the trust are not detailed in the provided information, it is clear that the Trust's primary mission is to address environmental issues related to Pacific Sound Resources, Inc.


Is Pacific Sound Resources Environmental Trust legitimate?

Pacific Sound Resources Environmental Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pacific Sound Resources Environmental 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.

Here are some key statistics you may want to consider:

Executive Compensation: $1,722
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Pacific Sound Resources Environmental Trust?
Who is the CEO of Pacific Sound Resources Environmental Trust?
What is the revenue of Pacific Sound Resources Environmental Trust?
Who are the executives of Pacific Sound Resources Environmental Trust and what are their salaries?
Where can I find the form 990 for Pacific Sound Resources Environmental Trust?

Mission Statement of Pacific Sound Resources Environmental Trust

The Pacific Sound Resources Environmental Trust, established in 1994, was created with a specific mission: to liquidate Pacific Sound Resources, Inc. This liquidation is not for the benefit of any ordinary shareholders, but rather for the exclusive use of the U.S. Environmental Protection Agency, the Muckleshot Indian Tribe, and the Squamish Indian Tribe. The Trust's primary objective is to facilitate the liquidation of Pacific Sound Resources, Inc., ensuring that the proceeds from this process are directed towards addressing environmental claims related to the company, as overseen by the U.S. District Court of Western Washington in Seattle. Currently, the Trust continues to carry out this liquidation process in accordance with the decrees of the U.S. District Court and the U.S. Environmental Protection Agency.

Impact

This information is meant to be a general summary of Pacific Sound Resources Environmental Trust. Please take the time to review official sources before making any decisions based upon the content provided here.




Tuesday, June 18, 2024

Pacific Sound Resources Environmental Trust's impact lies in its crucial role in facilitating the liquidation of Pacific Sound Resources, Inc. to settle CERCLA claims on behalf of the U.S. Environmental Protection Agency. The Trust operates in accordance with United States District Court and EPA decrees, ensuring the proper handling of environmental liabilities stemming from the activities of Pacific Sound Resources, Inc. This effort not only helps in addressing environmental concerns but also supports the interests of the Muckleshoot Indian Tribe and the Squamish Indian Tribe.





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: $106,661
  • Program Service Revenue: $0
  • Gross Receipts: $1,327,938

    • Assets and Liabilities:
  • Total Assets: $5,332,113
  • Total Liabilities: $263
  • Net Assets: $5,331,850
  • Organization Details

    Founding Year

    1993

    Principal Officer

    Daniel Silver

    Main Address

    606 Columbia ST NW Suite 212, Olympia, WA, 98501

    NTEE Category

    Code: C200 - Environment

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