Alstead Town Of Gen 2

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 136074608 ✦ Wilmington, DE ✦ Designated as a 501(c)(3)

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Overview

What is Alstead Town Of Gen 2?

Alstead Town Of Gen 2 is a nonprofit organization that focuses on providing financial aid to the Town of Alstead, New Hampshire, a governmental entity. Their primary mission is to support the Town's general purposes, aiming to reduce the taxes levied by the Town. This financial support is intended to be used for various municipal needs, thereby benefiting the local community as a whole. The organization operates in accordance with its stated objectives, contributing to the overall well-being and development of the Town of Alstead.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 67%, earning a Two-Star out of Four Star rating. This rating reflects a moderate level of performance in areas such as accountability and finance. The organization has a program expense ratio of 79.31%, indicating that a significant portion of its budget is allocated to its programs rather than administrative costs. However, the overall rating suggests that there are areas for improvement in governance and transparency.

One of the notable strengths is the organization's lack of material diversion of assets, earning a perfect score in that category. However, the board of directors does not have any independent members, which raises concerns about governance and oversight. Additionally, while the organization has a conflict of interest policy and maintains board meeting minutes, it lacks a whistleblower policy and has not listed its website on its tax form, which detracts from its accountability.

Overall, while Alstead Town Of Gen 2 has shown commendable dedication to its programmatic efforts, its governance practices and transparency could benefit from significant enhancements. The absence of an independent board and missing policies may impact public trust and the organization's ability to attract further support.


This AI summary has been generated from information found on Charity Navigator.

Is Alstead Town Of Gen 2 legitimate?

Alstead Town Of Gen 2 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alstead Town Of Gen 2 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: $10,050
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Alstead Town Of Gen 2?

The organization, Alstead Town Of Gen 2, makes distributions to support a governmental entity, specifically the Town of Alstead in New Hampshire. The purpose of these distributions is to aid in governmental functions, with the ultimate goal of reducing the taxes levied by the Town. The funds are intended for the Town's general purposes, contributing to the overall wellbeing and operation of the community. The organization's mission can be interpreted as providing financial assistance to the Town, thereby potentially alleviating some of the financial burden on its residents.

Who is the CEO of Alstead Town Of Gen 2?

Mt Bank Trust Corporation is the Trustee of Alstead Town Of Gen 2.

What is the revenue of Alstead Town Of Gen 2?

Alstead Town Of Gen 2's revenue in 2022 was $68,719.

Who are the executives of Alstead Town Of Gen 2 and what are their salaries?


There is 1 key member and their salary:


Mt Bank Trust Corporation (Trustee)
  • Compensation: $10,050
  • Related: $0
  • Other: $0
Where can I find the form 990 for Alstead Town Of Gen 2?

Alstead Town Of Gen 2's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Alstead Town Of Gen 2

Alstead Town Of Gen 2 is a nonprofit organization that provides distributions to the Town of Alstead, a governmental entity in New Hampshire. The primary mission of Alstead Town Of Gen 2 is to support the Town of Alstead by making distributions for governmental purposes. These distributions are intended to be applied to the general purposes for which taxes levied by the Town are used. The ultimate goal of Alstead Town Of Gen 2 is to help reduce taxes for the Town of Alstead, thereby providing financial relief to its residents.

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Impact




October, 2024

Alstead Town Of Gen 2 significantly impacts the community of Alstead, New Hampshire, by providing financial distributions to support basic governmental functions. These funds are utilized for general purposes aligned with municipal operations, which directly helps to alleviate the tax burden on residents. By channeling resources into the town’s operations, the organization helps ensure that essential services and infrastructure are maintained, fostering a more sustainable and economically stable environment for the community. This approach not only supports local governance but also enhances the quality of life for Alstead's residents by ensuring that critical services remain funded and accessible.




This information is meant to be a general summary of Alstead Town Of Gen 2. 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.

Revenue
$68,719 (2022)
Expenses
$71,186 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $68,719
  • Gross Receipts: $237,218

Assets and Liabilities:

  • Total Assets: $949,489
  • Total Liabilities: $0
  • Net Assets: $949,489

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Organization Details

Founding Year

1959

Principal Officer

Mt Bank Trust Corporation

Main Address

1100 NORTH MARKET STREET, WILMINGTON, DE, 198900001

NTEE Category

Code: T00 - Philanthropy

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