Overview
What is Wl Gilbert Trust Corporation?
The Wl Gilbert Trust Corporation is a charitable organization situated in Winsted, Connecticut, specifically at 200 Williams Avenue. Their primary mission is to provide backing to the W.L. Gilbert School Corporation, an educational institution that serves the communities of Winchester and Hartland, CT. By doing so, they contribute to the operation of a secondary school within these regions. The Trust Corporation's activities are centered around offering support to this educational institution, ensuring access to quality education for its residents. As of the data provided, the organization employs 25 individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
The Wl Gilbert Trust Corporation has received an 86% rating from Charity Navigator, indicating a commendable level of accountability and financial management. The rating is derived from a single beacon focusing solely on accountability and finance, highlighting the organization's commitment to transparency. Key strengths include a fully independent board, strong financial statements, and a high program expense ratio, which suggests that the majority of its funds are directed towards fulfilling its mission.
However, the organization does have some areas for improvement. Notably, it lacks a whistleblower policy and a document retention and destruction policy, which are considered important for maintaining accountability and trust. While the charity performs well in several areas, addressing these gaps could enhance its overall governance and operational integrity.
Overall, the Wl Gilbert Trust Corporation demonstrates a solid financial and accountability framework, though the noted limitations should be considered by potential donors and supporters who value comprehensive governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Wl Gilbert Trust Corporation legitimate?
Wl Gilbert Trust Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wl Gilbert Trust Corporation 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: $145,385
Professional Fundraising Fees: $0
Other Salaries and Wages: $266,973
For more financial information, click here
What is the mission statement of Wl Gilbert Trust Corporation?
The Wl Gilbert Trust Corporation is dedicated to supporting the W.L. Gilbert School Corporation. Their mission is to contribute to the operations of this educational institution, which serves the residential communities of Winchester and Hartland, Connecticut, by operating a secondary school. The primary goal of the Trust Corporation is to provide resources and aid to the school corporation, ultimately benefiting the students and educators within its jurisdiction.
Who is the CEO of Wl Gilbert Trust Corporation?
Charles F Seaback is the Ceo of Wl Gilbert Trust Corporation. The CEO's salary of Wl Gilbert Trust Corporation is $125,898 and their total compensation is $126,789.
What is the revenue of Wl Gilbert Trust Corporation?
Wl Gilbert Trust Corporation's revenue in 2022 was $1,706,609.
Who are the executives of Wl Gilbert Trust Corporation and what are their salaries?
The average compensation at Wl Gilbert Trust Corporation during 2022 was $16,494. There are 25 employees and 13 volunteers at Wl Gilbert Trust Corporation.
Here are 13 key members and their salaries (Wl Gilbert Trust Corporation's CEO's salary is $125,898 and their total compensation is $126,789):
- Compensation: $125,898
- Related: $0
- Other: $891
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Wl Gilbert Trust Corporation?
Wl Gilbert Trust Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wl Gilbert Trust Corporation
The W.L. Gilbert Trust Corporation is committed to providing support to the W.L. Gilbert School Corporation, an entity that manages a secondary school catering to residents of Winchester and Hartland, Connecticut. At its core, the mission of the W.L. Gilbert Trust Corporation is to foster the growth and success of this educational institution. The organization's role is to bolster the W.L. Gilbert School Corporation, ensuring it can continue to offer quality education to its students. This support might come in various forms, such as financial aid, resource provision, or advocacy for the school's needs. The W.L. Gilbert Trust Corporation serves as a vital partner in the W.L. Gilbert School Corporation's journey, striving to enhance the educational experience for the students in its care.
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Impact
July, 2024
Wl Gilbert Trust Corporation plays a crucial role in supporting the W.L. Gilbert School Corporation, which operates a secondary school for residents of the towns of Winchester and Hartland, CT. By providing support to this educational institution, Wl Gilbert Trust Corporation contributes to the development and education of students in these communities, ultimately helping to enhance the educational opportunities available to young people in the region.
This information is meant to be a general summary of Wl Gilbert Trust Corporation. 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: $344,584
- Program Service Revenue: $781,148
- Gross Receipts: $1,706,609
Assets and Liabilities:
- Total Assets: $8,362,730
- Total Liabilities: $3,253,827
- Net Assets: $5,108,903
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
International Tuition
Revenue
$781,148
Organization Details
Founding Year
1895
Phone
(860) 379-8521Principal Officer
Charles F Seaback
Main Address
200 WILLIAMS AVENUE, WINSTED, CT, 06098
NTEE Category
Code: B11 - Education
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