Overview
What is Seaton Max Y Memorial Trust?
The Seaton Max Y Memorial Trust is a 501(c)3 organization, established with a mission to distribute its income to beneficiaries aligned with its primary charitable purpose. Located in Wilmington, Delaware, the Trust annually funds various projects and initiatives. Their primary focus is on music education, providing resources for purchasing musical instruments, hosting concerts and performances, and offering lessons for children and young adults. Additionally, they supply audiovisual equipment and teaching aids, support scientific, literary, and educational activities, and contribute to authorized charitable, religious, or educational organizations. Notably, the Marlboro Music School Inc. and the Brattleboro Music Ctr. Inc. are among their supported organizations, all aiming to promote music education within the State of Vermont.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, Two-Star out of Four Star Rating
The Seaton Max Y Memorial Trust has received a 64% rating from Charity Navigator, indicating a Two-Star status. This score reflects concerns regarding the organization's governance, as there are no independent board members, which can raise questions about oversight and accountability. However, the organization has demonstrated effective financial management with a low liabilities to assets ratio and a solid program expense ratio of 67.8%.
The trust exhibits strengths in its financial practices, showing no material diversion of assets and maintaining important policies such as document retention and a whistleblower policy. However, critical governance documents such as a conflict of interest policy and tax forms are notably missing from their website, which detracts from their overall accountability score.
While the organization appears to manage its funds responsibly, the absence of independent oversight and transparency measures suggests areas for improvement. Stakeholders may wish to consider these governance issues when assessing the trust's long-term viability and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Seaton Max Y Memorial Trust legitimate?
Seaton Max Y Memorial Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seaton Max Y Memorial 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $9,502
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Seaton Max Y Memorial Trust?
The Seaton Max Y Memorial Trust annually funds various projects aimed at promoting music education for children and young adults within Vermont. This includes purchasing music materials, organizing concerts and performances, lending musical instruments, providing audiovisual equipment and teaching aids, supporting educational activities, and contributing to authorized organizations that carry out charitable, religious, scientific, literary, or educational activities. Moreover, the trust supports institutions like the Marlboro Music School Inc. and the Brattleboro Music Ctr. Inc. to further enhance music education for the youth. In essence, the Seaton Max Y Memorial Trust is dedicated to fostering music education and development among children and young adults in Vermont.
Who is the CEO of Seaton Max Y Memorial Trust?
Unavailable
What is the revenue of Seaton Max Y Memorial Trust?
Seaton Max Y Memorial Trust's revenue in 2023 was $40,943.
Who are the executives of Seaton Max Y Memorial Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $9,502
- Related: $0
- Other: $0
Where can I find the form 990 for Seaton Max Y Memorial Trust?
Seaton Max Y Memorial Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Seaton Max Y Memorial Trust
The Seaton Max Y Memorial Trust is an organization dedicated to annually funding various projects that contribute to the promotion of music education for children and young adults within Vermont. This mission encompasses the purchase of music and musical equipment, the provision of concerts and performances, and the loan of musical instruments. Moreover, the Trust supports scientific, literary, or educational activities, which may include offering lessons to children and young adults. Additionally, the Trust extends its support to organizations authorized to carry out charitable, religious, scientific, literary, or educational activities, such as the Marlboro Music School Inc and the Brattleboro Music Ctr. Inc. Ultimately, the Seaton Max Y Memorial Trust aims to assist in providing comprehensive music education opportunities for the youth in Vermont.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Seaton Max Y Memorial Trust significantly impacts music education and cultural enrichment in Vermont. By funding projects that purchase music, instruments, and a variety of teaching supplies, the trust plays a vital role in enhancing the musical landscape for children and young adults.
Annually, it supports concerts and performances that cultivate a love for music in the community. By providing loans for musical instruments, the trust ensures that financial barriers do not prevent aspiring musicians from accessing the tools they need. Furthermore, the trust's focus on educational activities, including lessons for the youth, fosters talent development and artistic expression.
Contributions to reputable organizations such as the Marlboro Music School Inc. and the Brattleboro Music Center Inc. further amplify its reach and effectiveness. Overall, the Seaton Max Y Memorial Trust nurtures the next generation of musicians and enriches the community through the power of music and education.
This information is meant to be a general summary of Seaton Max Y Memorial Trust. 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: $40,943
- Gross Receipts: $120,574
Assets and Liabilities:
- Total Assets: $678,733
- Total Liabilities: $0
- Net Assets: $678,733
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1901
Phone
(302) 651-8988Main Address
1100 NORTH MARKET STREET, WILMINGTON, DE, 198900001
NTEE Category
Code: T30Z - Philanthropy
If you are a representative of Seaton Max Y Memorial Trust 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.