Overview
What is Rhoda T Ritger Trust?
The Rhoda T Ritger Trust is a philanthropic and grant-making foundation that aids the Fairfield Historical Society in accomplishing its objectives. Their primary role is to support the society's mission by providing financial assistance and resources. This collaboration allows the Fairfield Historical Society to continue its vital work in preserving and showcasing the historical heritage of the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 50%, One-Star out of Four Stars
The Rhoda T Ritger Trust has received a low accountability and finance score of 50%, which translates to a One-Star rating. This rating indicates significant concerns regarding the governance and financial transparency of the organization. Notably, there are no independent board members, which raises questions about oversight and decision-making processes within the charity.
Despite the governance issues, the trust demonstrates a strong program expense ratio of 82.73%, suggesting that a substantial portion of its funds is directed towards its programs rather than administrative costs. Additionally, it has a favorable liabilities to assets ratio of 0.00%, reflecting sound financial stability in terms of asset management.
However, multiple critical policies and documents are missing, including a conflict of interest policy, a whistleblower policy, and meeting minutes. The absence of these elements can undermine trust among donors and stakeholders, highlighting the need for improved governance practices and transparency within the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Rhoda T Ritger Trust legitimate?
Rhoda T Ritger Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rhoda T Ritger 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: $8,743
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Rhoda T Ritger Trust?
The Rhoda T Ritger Trust assists in accomplishing the mission of the Fairfield Historical Society through its philanthropic and grant-making initiatives. The primary objective of the Rhoda T Ritger Trust is to aid the Fairfield Historical Society in its endeavors. The Trust provides support by leveraging its resources and programs, thereby enabling the Fairfield Historical Society to fulfill its mission effectively. The Rhoda T Ritger Trust's role is vital in ensuring that the Fairfield Historical Society can carry out its mission successfully, thereby preserving and promoting historical knowledge and heritage.
In essence, the Rhoda T Ritger Trust serves as a crucial partner to the Fairfield Historical Society, providing financial and operational assistance to help the organization achieve its goals and fulfill its mission. By working together, the Rhoda T Ritger Trust and the Fairfield Historical Society can make a significant impact in preserving and promoting historical knowledge and heritage.
What is the revenue of Rhoda T Ritger Trust?
Rhoda T Ritger Trust's revenue in 2024 was $87,504.
Who are the executives of Rhoda T Ritger Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $8,743
- Related: $0
- Other: $0
Where can I find the form 990 for Rhoda T Ritger Trust?
Rhoda T Ritger Trust's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Rhoda T Ritger Trust
The Rhoda T Ritger Trust is a philanthropic entity that dedicates its resources to aid the Fairfield Historical Society in accomplishing its mission. This mission-driven organization functions as a grant-making foundation, providing crucial support to the Fairfield Historical Society in its endeavors. The Rhoda T Ritger Trust's primary role is to bolster the efforts of the Fairfield Historical Society, enabling it to carry out its mission effectively.
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Impact
October, 2024
The Rhoda T Ritger Trust significantly impacts the Fairfield Historical Society by providing essential financial support that enables the organization to fulfill its mission. Through its philanthropic initiatives and grant-making programs, the trust facilitates various historical projects, educational programs, and community outreach efforts in Fairfield. This support helps preserve the local history, promote cultural awareness, and engage the community, ensuring that the heritage of the area is maintained and appreciated for generations to come. By bolstering the resources available to the Fairfield Historical Society, the Rhoda T Ritger Trust plays a crucial role in enriching the cultural landscape of Wilmington, DE, and fostering a deeper understanding of the region's history.
This information is meant to be a general summary of Rhoda T Ritger 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 2024.
- Investment Income: $24,998
- Gross Receipts: $412,454
Assets and Liabilities:
- Total Assets: $825,835
- Total Liabilities: $0
- Net Assets: $825,835
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Organization Details
Founding Year
1955
Principal Officer
M T Bank
NTEE Category
Code: T90 - Philanthropy
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