Overview
What is Woodstock Community Trust Inc?
Woodstock Community Trust Inc is a nonprofit organization, headquartered in Woodstock, Vermont. Established with the success of the Woodstock Area Relief Fund during the COVID-19 pandemic, their mission is to enhance the community's well-being by facilitating access to various support resources during personal or collective crises. The trust serves as a bridge, connecting individuals to both private and public assistance networks. As an umbrella organization, Woodstock Community Trust empowers local teams to spearhead projects aimed at enhancing the community's living standards and fostering a sense of unity. With a small team of dedicated individuals, they strive to make a significant impact on the lives of their community members.
Official website here: www.woodstockcommunitytrust.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement)
Woodstock Community Trust Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. The organization has a satisfactory program expense ratio of 95.11%, reflecting a strong commitment to its mission-related activities. The board is fully composed of independent members, which is a positive sign of governance integrity. However, certain governance policies, such as a whistleblower policy and document retention process, are lacking, which detracts from its overall accountability.
In terms of financial health, the charity has reported a low liabilities to assets ratio of 1.26%, suggesting that it is well-positioned financially. While the organization demonstrates strengths in board independence and financial transparency, it is important for it to address the gaps in its governance policies. The equity strategies score is average, with only one out of seven equity practices implemented, indicating the need for improvement in this area as well.
Overall, while Woodstock Community Trust Inc shows promise with a high program expense ratio and independent governance, the absence of critical policies and limited equity practices highlight areas that need attention for improved operational effectiveness and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Woodstock Community Trust Inc legitimate?
Woodstock Community Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Woodstock Community Trust Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $34,250
For more financial information, click here
Official website here: www.woodstockcommunitytrust.com
What is the mission statement of Woodstock Community Trust Inc?
Woodstock Community Trust Inc serves as a non-profit umbrella organization, encouraging local teams to undertake projects aimed at enhancing community life. Their mission is centered around empowering these teams to contribute to the betterment of the quality of life within their community. By leveraging their platform, Woodstock Community Trust facilitates the execution of projects that cater to the needs of their community, ultimately fostering a sense of improvement and unity.
One of their notable initiatives is THE HUB, which was established during the COVID-19 pandemic. This platform simplifies the process of seeking support during personal or community crises by connecting residents to both private and public resources. In essence, Woodstock Community Trust Inc serves as a bridge that connects people in need with the necessary resources, thereby enhancing overall community resilience.
Official website here: www.woodstockcommunitytrust.com
What is the revenue of Woodstock Community Trust Inc?
Woodstock Community Trust Inc's revenue in 2023 was $1,306,548.
Official website here: www.woodstockcommunitytrust.com
Who are the executives of Woodstock Community Trust Inc and what are their salaries?
The average compensation at Woodstock Community Trust Inc during 2023 was $34,250. There is 1 employee and 50 volunteers at Woodstock Community Trust Inc.
Here are 8 key members and their salaries:
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Official website here: www.woodstockcommunitytrust.com
Where can I find the form 990 for Woodstock Community Trust Inc?
Woodstock Community Trust Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.woodstockcommunitytrust.com
Learn more at the official website: www.woodstockcommunitytrust.com
Mission Statement of Woodstock Community Trust Inc
Woodstock Community Trust, as a non-profit umbrella organization, plays a significant role in empowering local teams to undertake projects aimed at enhancing the community's overall quality of life. By providing a platform for these initiatives, the Trust enables positive change within the community. This mission is accomplished through the execution of various local projects, which are designed to address diverse community needs and foster a sense of improvement and development.
The organization's work is further exemplified by its establishment of the Woodstock Area Relief Fund (WARF) during the COVID-19 pandemic. This initiative underscores Woodstock Community Trust's commitment to assisting residents in times of personal or community crises. By connecting individuals to both private and public sources of support, the Trust ensures that help is accessible and readily available when needed. In essence, Woodstock Community Trust serves as a catalyst for change and improvement within its community, empowering local teams and individuals to drive positive transformation.
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Impact
July, 2024
Woodstock Community Trust Inc's impact can be seen in the tangible improvements it has facilitated within the community. Through its non-profit umbrella framework, the organization empowers teams to execute local projects aimed at enhancing the quality of life for residents. The establishment of initiatives like the Woodstock Area Relief Fund (WARF) has been pivotal in offering support and assistance during times of personal or community crises.
By connecting individuals to a network of public and private resources through initiatives like THE HUB, Woodstock Community Trust has streamlined the process of accessing aid, thereby fostering a stronger sense of community resilience. This collaborative approach not only addresses immediate needs but also nurtures a culture of solidarity and support among residents.
Overall, Woodstock Community Trust Inc's focus on local projects and community well-being has made a significant impact in enhancing the lives of those in the Woodstock area. Through its commitment to empowering teams and fostering a sense of togetherness, the organization continues to play a crucial role in improving the overall quality of life in the community.
This information is meant to be a general summary of Woodstock Community Trust Inc. 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 2023.
- Investment Income: $6,634
- Program Service Revenue: $1,610
- Gross Receipts: $1,322,981
Assets and Liabilities:
- Total Assets: $857,812
- Total Liabilities: $10,821
- Net Assets: $846,991
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
East End Park
Revenue
$300
One House at a Time
Revenue
$1,310
Organization Details
Founding Year
1997
Principal Officer
Jill Davies
NTEE Category
Code: A80 - Arts
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