Overview
What is Wfte Endowment Trust?
The Wfte Endowment Trust is a charitable organization, specifically based in North Andover, Massachusetts (01845). Its primary mission revolves around offering equine-assisted services, such as therapeutic riding and various horse-related activities, to children and adults with special needs, as well as disadvantaged youth. To fulfill its purpose, the trust supports Windrush Farm Therapeutic Equitation, Inc., an exempt organization that provides these services. The Trust's board has the discretion to decide the extent and nature of its support for Windrush Farm.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Stars (33%)
The Wfte Endowment Trust has received a Zero-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The score is primarily based on its Accountability & Finance evaluation, which reveals a lack of essential policies and transparency measures. Although the trust benefits from a fully independent board and shows no material diversion of assets, it has several critical shortfalls, particularly in areas such as policy documentation and online accessibility of financial forms.
Strengths noted include the trust's independent board composition, which is entirely made up of independent members, and the absence of material asset diversion. However, the organization struggles with transparency, as it lacks a conflict of interest policy, a whistleblower policy, and does not maintain a website listing its tax forms. These missing components contribute to its low overall rating and raise questions about governance and operational oversight.
Additionally, the trust shows no program expenses reported, which is concerning as it may indicate limited or nonexistent charitable activities. This absence of financial engagement, coupled with missing accountability structures, limits the organization's effectiveness and could deter potential donors. Overall, while there are a few positive aspects, the areas of concern heavily overshadow the strengths, resulting in a low confidence rating from Charity Navigator.
This AI summary has been generated from information found on Charity Navigator.
Is Wfte Endowment Trust legitimate?
Wfte Endowment Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wfte Endowment 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Wfte Endowment Trust?
The Wfte Endowment Trust's mission is to offer support, on the discretion of its board, to Windrush Farm Therapeutic Equitation, Inc., a non-profit organization. This organization specializes in providing equine-assisted services, such as therapeutic riding and horse-related activities, for children and adults with special needs, as well as for disadvantaged youth. The goal is to help these individuals via equine-assisted therapy.
Who is the CEO of Wfte Endowment Trust?
Cornelius Murray is the Principal Officer of Wfte Endowment Trust.
What is the revenue of Wfte Endowment Trust?
Wfte Endowment Trust's revenue in 2023 was -$1,483.
Who are the executives of Wfte Endowment Trust and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Wfte Endowment Trust?
Wfte Endowment Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Wfte Endowment Trust
The Wfte Endowment Trust, an exempt organization, exists to support Windrush Farm Therapeutic Riding, Inc., a non-profit that provides equine-assisted services. Specifically, they offer therapeutic riding and various horse-related activities for children and adults with special needs, as well as for disadvantaged youth. The Trust operates with the discretion of its board, aiming to make a significant difference in the lives of those who benefit from these services. By doing so, the Wfte Endowment Trust plays a crucial role in promoting the well-being and personal growth of its participants, enabling them to overcome challenges and reach their full potential.
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
June, 2024
Wfte Endowment Trust's impact is primarily focused on providing crucial support to Windrush Farm Therapeutic Equitation, Inc., an exempt organization dedicated to offering equine-assisted services. These services include therapeutic riding and horse-related activities tailored for children and adults with special needs, as well as disadvantaged youth. By establishing an endowment trust, Wfte Endowment Trust ensures ongoing financial assistance for these invaluable programs, ultimately contributing to the well-being and mental health of the individuals benefiting from these services.
This information is meant to be a general summary of Wfte Endowment 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: -$1,483
- Gross Receipts: $240,300
Assets and Liabilities:
- Total Assets: $1,123,803
- Total Liabilities: $0
- Net Assets: $1,123,803
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2001
Phone
(978) 682-7855Principal Officer
Cornelius Murray
Main Address
479 LACY STREET, NORTH ANDOVER, MA, 01845
NTEE Category
Code: F11 - Mental health
If you are a representative of Wfte Endowment 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.