Overview
What is Fort Adams Trust Inc?
Fort Adams Trust Inc is a nonprofit organization headquartered at 90 FORT ADAMS DRIVE FORT ADAMS, NEWPORT, RI, 02840. Their main mission is to preserve and maintain Fort Adams as a national historic landmark, offering it as a historical site for public benefit. They ensure the restoration, operation, and upkeep of the fort, serving as a crucial entity in preserving historical heritage. With a dedicated workforce of 38 individuals, they contribute significantly to the historical and cultural preservation of the community.
Official website here: www.fortadams.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Fort Adams Trust Inc has earned a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The rating is based on a comprehensive evaluation of the charity's financial practices, with a perfect score in several areas, indicating a transparent and well-managed organization.
One of the standout features of Fort Adams Trust Inc is its board composition, which consists entirely of independent members, showcasing a level of governance that prioritizes impartiality. Additionally, the organization has demonstrated diligence in its financial reporting, evidenced by a full audit score and no reported material diversion of assets.
However, the evaluation does highlight a limitation in the absence of a whistleblower policy, which could be a point of concern for potential donors. Despite this, the high program expense ratio, indicating that a significant portion of funds goes directly to programs, suggests that the charity is effectively utilizing its resources to achieve its mission. Overall, Fort Adams Trust Inc appears to be a reliable nonprofit with a focus on responsible management and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Fort Adams Trust Inc legitimate?
Fort Adams Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fort Adams 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: $60,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $344,880
For more financial information, click here
Official website here: www.fortadams.org
What is the mission statement of Fort Adams Trust Inc?
Fort Adams Trust Inc's mission involves overseeing and supporting the restoration, operation, and maintenance of Fort Adams, a significant national historic landmark. Their primary goal is to transform the fort into a historical site that benefits the public. Through these efforts, they aim to preserve the historical significance of Fort Adams, ensuring it remains accessible and valuable for future generations. The Trust's activities primarily focus on the restoration, upkeep, and operation of the fort, ensuring it remains in good condition and available for public use.
Official website here: www.fortadams.org
Who is the CEO of Fort Adams Trust Inc?
Zeeman Christopher is the President of Fort Adams Trust Inc.
Official website here: www.fortadams.org
What is the revenue of Fort Adams Trust Inc?
Fort Adams Trust Inc's revenue in 2022 was $1,115,382.
Official website here: www.fortadams.org
Who are the executives of Fort Adams Trust Inc and what are their salaries?
The average compensation at Fort Adams Trust Inc during 2022 was $10,655. There are 38 employees and 20 volunteers at Fort Adams Trust Inc.
Here are 19 key members and their salaries:
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Official website here: www.fortadams.org
Where can I find the form 990 for Fort Adams Trust Inc?
Fort Adams Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fortadams.org
Learn more at the official website: www.fortadams.org
Mission Statement of Fort Adams Trust Inc
Fort Adams Trust Inc is an organization devoted to overseeing and supporting the restoration, operation, and maintenance of Fort Adams, a significant national historic landmark. Their mission is to transform this historical site into a beneficial resource for the public. By directing and financing the restoration, operation, and upkeep of Fort Adams, this nonprofit aims to preserve its historical significance and make it accessible for public enjoyment and education. Their efforts contribute to the preservation of heritage and history, ensuring that future generations can appreciate the rich past of Fort Adams.
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Impact
July, 2024
Fort Adams Trust Inc plays a crucial role in directing and supporting the restoration, operation, and maintenance of the national historic landmark Fort Adams in Newport, Rhode Island. This nonprofit organization is dedicated to preserving the historical site for public benefit through its restoration, maintenance, and operational efforts. By focusing on the upkeep of Fort Adams, this organization ensures that the historical significance and cultural heritage of the landmark are preserved for current and future generations to appreciate and learn from. Their impact extends to promoting arts and preserving a valuable piece of American history.
This information is meant to be a general summary of Fort Adams 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 2022.
- Investment Income: -$90,433
- Program Service Revenue: $532,951
- Gross Receipts: $1,302,621
Assets and Liabilities:
- Total Assets: $1,465,996
- Total Liabilities: $444,045
- Net Assets: $1,021,951
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TOURS
Revenue
$197,297
RENTAL OF THE FORT
Revenue
$226,697
EVENT MANAGMENT FEES
Revenue
$22,087
EDUCATIONAL & SPECIAL PROGRAMS
Revenue
$86,870
Organization Details
Founding Year
1994
Phone
(401) 841-0707Principal Officer
Zeeman Christopher
Main Address
90 FORT ADAMS DRIVE FORT ADAMS STAT, NEWPORT, RI, 02840
Website
www.fortadams.orgNTEE Category
Code: A82Z - Arts
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