Overview
What is Annie J Maccoll Charitable Trust?
Annie J Maccoll Charitable Trust is a nonprofit organization situated in Palm Beach, Florida. Their primary focus and mission revolve around providing financial aid in the form of scholarships to individuals in need. This charitable trust diligently works towards this goal, contributing significantly to the educational opportunities of numerous individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 13%
The Annie J Maccoll Charitable Trust has received a low score of 13%, resulting in a Zero-Star out of Four Star rating, which signals significant concerns regarding its accountability and financial management. The charity does not have any independent board members, which is a critical factor in ensuring transparency and reducing potential conflicts of interest. Additionally, the absence of key policies, such as conflict of interest and whistleblower policies, raises further red flags about governance practices.
While the organization has demonstrated a lack of material diversion of assets, scoring well in that area, its overall financial health is concerning. The program expense ratio stands at just 35.72%, indicating that a relatively low portion of its expenses is directed toward its programs, which may suggest inefficiencies in resource allocation. Furthermore, the charity's website is missing from its tax form, and other required documentation is absent, undermining its credibility.
Overall, the Annie J Maccoll Charitable Trust faces serious challenges in governance and financial transparency, as indicated by its low scores across multiple accountability metrics. Potential donors should consider these factors carefully before making contributions, as they may affect the charity's overall effectiveness and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Annie J Maccoll Charitable Trust legitimate?
Annie J Maccoll Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Annie J Maccoll Charitable 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: $24,655
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Annie J Maccoll Charitable Trust?
The Annie J Maccoll Charitable Trust, as a scholarship or financial aid organization, is committed to the mission of providing financial aid in the form of scholarships. This charitable entity aims to support individuals in need, enabling them to pursue their education without financial constraints. The trust's activities are centered around raising funds and distributing them as scholarships, thereby contributing to the education of various individuals.
Who is the CEO of Annie J Maccoll Charitable Trust?
Barry A Kean is the Trustee of Annie J Maccoll Charitable Trust.
What is the revenue of Annie J Maccoll Charitable Trust?
Annie J Maccoll Charitable Trust's revenue in 2022 was $51,196.
Who are the executives of Annie J Maccoll Charitable Trust and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $22,189
- Related: $0
- Other: $0
- Compensation: $2,466
- Related: $0
- Other: $0
Where can I find the form 990 for Annie J Maccoll Charitable Trust?
Annie J Maccoll Charitable Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Annie J Maccoll Charitable Trust
The Annie J Maccoll Charitable Trust, as a scholarship or financial aid organization, is committed to the mission of providing financial assistance to individuals in need. This nonprofit organization aims to alleviate the financial burden associated with pursuing higher education, thereby enabling deserving individuals to seek knowledge and enhance their prospects. The Trust's primary objective is to dispense scholarships, serving as a beacon of hope for numerous students seeking educational opportunities.
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Impact
October, 2024
Annie J Maccoll Charitable Trust significantly impacts the community by providing essential funds for scholarships, which facilitate access to education for deserving students in Palm Beach, FL. By alleviating financial barriers, the Trust empowers individuals to pursue academic opportunities, fostering personal and professional growth. This commitment to educational support enhances the potential for a more educated and skilled workforce, ultimately benefiting the broader community through increased educational attainment and social mobility. The Trust plays a crucial role in nurturing talent and encouraging aspirations, ensuring that financial constraints do not hinder the potential of future generations.
This information is meant to be a general summary of Annie J Maccoll Charitable 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 2022.
- Investment Income: $53,823
- Gross Receipts: $260,116
Assets and Liabilities:
- Total Assets: $1,602,492
- Total Liabilities: $0
- Net Assets: $1,602,492
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Organization Details
Founding Year
1998
Phone
(617) 875-3167Principal Officer
Barry A Kean
Main Address
400 S OCEAN BLVD 109, PALM BEACH, FL, 33480
NTEE Category
Code: B82 - Education
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