Overview
What is Bannerman's Castle Trust Inc?
Bannerman's Castle Trust Inc is a dedicated nonprofit organization based in Glenham, New York. Their primary mission involves collaborating with the New York State Office of Parks, Recreation and Historic Preservation (NYSOPRHP) as a Friends organization. Their primary focus is on promoting awareness of a historic site and preserving its structures. Through restricted donations, they have undertaken significant improvements to the main castle structure, developed trails and infrastructure across the island, replaced boat engines, and begun work on the garden. The Trust's activities aim to allow the public to experience the island and learn about its history.
Official website here: www.bannermancastle.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Bannerman's Castle Trust Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its solid performance in accountability and finance. The organization achieved a score of 92%, which is significant as it indicates a strong commitment to transparency and responsible management of resources. The rating is derived entirely from the Accountability & Finance beacon, highlighting the trustworthiness of the nonprofit in its financial practices.
The organization boasts an independent board with all eight members being entirely independent, contributing to strong governance practices. It also maintains high standards in financial reporting, with comprehensive reviews and compilations of its financial statements. Furthermore, Bannerman's Castle Trust has established crucial policies, such as conflict of interest and whistleblower policies, which add to its credibility and operational integrity.
While the financial metrics showcase a promising outlook, with a program expense ratio of 89.80%, which indicates that a significant portion of its expenses directly supports its mission, the liabilities to assets ratio of 1.17% suggests it manages its debts effectively. Overall, the ratings reflect a well-managed nonprofit that prioritizes accountability and effective use of funds, but ongoing efforts will be essential to maintain and enhance its financial health and operational impact.
This AI summary has been generated from information found on Charity Navigator.
Is Bannerman's Castle Trust Inc legitimate?
Bannerman's Castle Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bannerman's Castle 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: $0
Professional Fundraising Fees: $2,125
Other Salaries and Wages: $259,470
For more financial information, click here
Official website here: www.bannermancastle.org
What is the mission statement of Bannerman's Castle Trust Inc?
Bannerman's Castle Trust Inc collaborates with the New York State Office of Parks, Recreation and Historic Preservation (NYSOPRHP) as a Friends organization. Their primary mission is to raise awareness of a historic site and work towards its preservation. They accomplish this by promoting the site and undertaking necessary stabilization and preservation efforts on its structures. The Trust has also made significant improvements to the trails and infrastructure on the associated island, replaced boat engines, and begun work on the garden. These projects are funded through restricted donations, enabling the public to visit the island and learn about its history.
Official website here: www.bannermancastle.org
Who is the CEO of Bannerman's Castle Trust Inc?
Neil Caplan is the President of Bannerman's Castle Trust Inc.
Official website here: www.bannermancastle.org
What is the revenue of Bannerman's Castle Trust Inc?
Bannerman's Castle Trust Inc's revenue in 2022 was $763,783.
Official website here: www.bannermancastle.org
Who are the executives of Bannerman's Castle Trust Inc and what are their salaries?
The average compensation at Bannerman's Castle Trust Inc during 2022 was $6,828. There are 38 employees and 21 volunteers at Bannerman's Castle Trust Inc.
Here are 12 key members and their salaries:
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Official website here: www.bannermancastle.org
Where can I find the form 990 for Bannerman's Castle Trust Inc?
Bannerman's Castle Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bannermancastle.org
Learn more at the official website: www.bannermancastle.org
Mission Statement of Bannerman's Castle Trust Inc
Bannerman's Castle Trust Inc, functioning as a friends organization with the New York State Office of Parks, Recreation and Historic Preservation (NYSOPRHP), is committed to fostering awareness of a historic site and ensuring its preservation. The organization undertakes stabilization efforts to maintain the structural integrity of the main castle structure and invests in extensive trail and infrastructure development. Additionally, they replace boat engines for tours and are currently working on the garden. These initiatives are primarily funded through restricted donations, enabling the public to explore the island and gain insights into its rich history.
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Impact
July, 2024
Bannerman's Castle Trust Inc's impact can be seen in their work with the New York State Office of Parks, Recreation and Historic Preservation (NYSOPRHP), where they serve as a friends organization. Their efforts focus on promoting awareness of the historic site, stabilizing and preserving structures on the island. They have made significant structural improvements to the walls of the main castle structure, developed trails and infrastructure throughout the island, replaced boat engines used for tours, and started work on the garden. These initiatives have allowed the public to experience the island and learn about its history. The expenses for these projects have been covered by restricted donations. Overall, Bannerman's Castle Trust Inc's work contributes to the preservation and enjoyment of this historical site.
This information is meant to be a general summary of Bannerman's Castle 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: $2,554
- Program Service Revenue: $530,384
- Gross Receipts: $803,981
Assets and Liabilities:
- Total Assets: $965,479
- Total Liabilities: $11,387
- Net Assets: $954,092
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ON-ISLAND TOURS
Revenue
$459,759
BOOK AND MERCHANDISE SALES
Revenue
$39,045
KAYAK TOURS
Revenue
$25,485
GALLERY/ART SALES
Revenue
$6,095
Organization Details
Founding Year
1994
Phone
(845) 234-3204Principal Officer
Neil Caplan
Main Address
PO BOX 843, GLENHAM, NY, 125270843
Website
www.bannermancastle.orgNTEE Category
Code: A80 - Arts
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