Overview
What is Kaufman Barbara Charitable Trust Lmhs?
Kaufman Barbara Charitable Trust LMHS is a charitable trust based on supporting the initiatives of the LMHS. Through annual distributions equating to either 5% of their asset value or net income, the trust contributes to the LMHS's objectives. The trust's mission is centered around providing ongoing assistance to the LMHS in achieving its goals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Kaufman Barbara Charitable Trust Lmhs received a two-star rating from Charity Navigator, indicating that while it has solid performance in accountability and finance, there are significant areas that require improvement. The trust scored 100% for accountability and finance, largely reflecting its strong independent board membership and a favorable liabilities to assets ratio.
However, the organization has several weaknesses that detract from its overall score, including a lack of transparency and governance policies. It received zero points for its independent board size, conflict of interest policy, whistleblower policy, and document retention practices, which raises concerns about its operational transparency and adherence to best practices in nonprofit management.
Despite these challenges, the trust demonstrates a commitment to its programs, as evidenced by its high program expense ratio. Stakeholders may want to consider these factors when evaluating the trust's effectiveness and potential areas for growth.
This AI summary has been generated from information found on Charity Navigator.
Is Kaufman Barbara Charitable Trust Lmhs legitimate?
Kaufman Barbara Charitable Trust Lmhs is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kaufman Barbara Charitable Trust Lmhs 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: $6,666
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Kaufman Barbara Charitable Trust Lmhs?
The Kaufman Barbara Charitable Trust LMHS is dedicated to backing the initiatives and objectives of the LMHS. Through its programs, the charitable trust makes annual distributions equivalent to 5% of its asset value or net income to support the LMHS's endeavors. The Trust's commitment extends to fostering the progress and advancement of the organization it supports. In essence, it functions as a key contributor, ensuring the LMHS can effectively carry out its purpose.
What is the revenue of Kaufman Barbara Charitable Trust Lmhs?
Kaufman Barbara Charitable Trust Lmhs's revenue in 2024 was $80,731.
Who are the executives of Kaufman Barbara Charitable Trust Lmhs and what are their salaries?
There is 1 key member and their salary:
- Compensation: $6,666
- Related: $0
- Other: $0
Where can I find the form 990 for Kaufman Barbara Charitable Trust Lmhs?
Kaufman Barbara Charitable Trust Lmhs's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Kaufman Barbara Charitable Trust Lmhs
Kaufman Barbara Charitable Trust LMHS is a philanthropic organization that wholeheartedly backs the initiatives and objectives of the LMHS. By implementing programs that dispense annual distributions equivalent to 5% of its asset value or net income, the Trust generously contributes to the LMHS's endeavors.
In essence, Kaufman Barbara Charitable Trust LMHS functions as a pillar of support for the LMHS, enabling it to carry out its mission more effectively. Every year, the Trust makes significant financial contributions to the LMHS, which are used to further its goals and expand its reach. These donations play a vital role in empowering the LMHS to make a positive impact in the community and beyond.
By consistently providing financial assistance, Kaufman Barbara Charitable Trust LMHS fosters an environment of growth and progress within the LMHS. The Trust's unwavering commitment to supporting the LMHS has led to numerous achievements and improvements, ultimately benefiting those who are directly impacted by its work. Through its generosity, the Trust serves as a catalyst for change, driving the LMHS forward in its mission to create a better world.
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Impact
October, 2024
Kaufman Barbara Charitable Trust Lmhs significantly contributes to the goals and initiatives of the LMHS through financial support and strategic programming. By committing to annual distributions that equal 5% of its asset value or net income, the trust ensures a consistent flow of resources that can be allocated to various projects, enhancing the overall effectiveness of LMHS's mission. The trust’s focus on supporting LMHS fosters positive outcomes for animal welfare and related community efforts, reinforcing the vital role of these initiatives in Newport, VT. The impact extends beyond mere funding, promoting awareness and engagement within the community about the importance of supporting these programs.
This information is meant to be a general summary of Kaufman Barbara Charitable Trust Lmhs. 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 2024.
- Investment Income: $21,512
- Gross Receipts: $360,090
Assets and Liabilities:
- Total Assets: $665,582
- Total Liabilities: $0
- Net Assets: $665,582
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Organization Details
Founding Year
1998
NTEE Category
Code: D112 - Animals
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