Overview
What is The Hudson Valley Trust Inc?
The Hudson Valley Trust Inc is a non-profit organization based in Patterson, New York, dedicated to preserving and promoting the historical, cultural, and environmental heritage of the Hudson River Valley region. They primarily fundraise and receive contributions from the public to support their cause, and rent out historical locations, including the Lawlor Building they reside in, for events. Additionally, they have acquired 47 acres of land adjacent to the Lawlor Building, using funds from the Empire State Development Corporation, to develop an arboretum that showcases native plants from Eastern North America, particularly from New York State. The arboretum also includes a pedestrian footbridge to promote tourism and recreational opportunities. The organization continues to work on renovating a historic barn on the same site. They also collaborate with local government and Putnam County Cornell Cooperative Extension to develop and maintain the arboretum and its surroundings.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Hudson Valley Trust Inc has received an 80% rating from Charity Navigator, indicating a solid level of accountability and finance management. This score is derived entirely from a comprehensive evaluation of their financial practices, showcasing a commitment to transparency and responsible stewardship of resources.
Strengths of the organization include a fully independent board, which consists of four members, and a very low liabilities to assets ratio of just 0.37%. Additionally, the organization has demonstrated a strong program expense ratio of 83.77%, meaning that a significant portion of its funds is directed towards its programs rather than administrative costs. They also maintain good governance practices, as evidenced by the availability of board meeting minutes and a conflict of interest policy.
While the organization shows robust financial health and governance, potential donors may want to keep an eye on the overall impact and effectiveness of its programs, as the rating does not provide insight into the qualitative outcomes of their initiatives. Nevertheless, the Hudson Valley Trust appears to be a responsible choice for those looking to support nonprofit efforts in the region.
This AI summary has been generated from information found on Charity Navigator.
Is The Hudson Valley Trust Inc legitimate?
The Hudson Valley Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Hudson Valley 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: $0
Other Salaries and Wages: $0
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What is the mission statement of The Hudson Valley Trust Inc?
The Hudson Valley Trust Inc is dedicated to preserving and promoting the cultural, historical, environmental, and architectural heritage of regions surrounding the Hudson River Valley. This is achieved through various fundraising activities, contributions from the general public, rental of historical locations, and applying for grants from New York State and other agencies. The organization also manages a library and meeting space within a historic building, aiming to protect and secure this significant structure. In addition, the Trust has purchased land adjacent to the building, intending to develop an arboretum to promote local tourism and economic growth. The arboretum will feature native plantings, particularly those from New York State, and a pedestrian footbridge has been constructed to enhance accessibility and recreational opportunities. The Trust is also engaged in renovating a historic barn on the same site.
Who is the CEO of The Hudson Valley Trust Inc?
Marjorie Keith is the Vice Preside of The Hudson Valley Trust Inc.
What is the revenue of The Hudson Valley Trust Inc?
The Hudson Valley Trust Inc's revenue in 2022 was $61,803.
Who are the executives of The Hudson Valley Trust Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for The Hudson Valley Trust Inc?
The Hudson Valley Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Hudson Valley Trust Inc
The Hudson Valley Trust Inc, a non-profit organization, is dedicated to preserving and showcasing the cultural, historical, environmental, and architectural heritage of the Hudson River Valley region. Through various fundraising activities, public contributions, the rental of historical locations, and grants from state and other agencies, the organization aims to promote and protect significant buildings and landscapes.
One of its primary objectives is the operational cost of the Patterson Town Hall (Lawlor Building), currently used as a library and office and meeting space for local not-for-profit entities. This initiative is crucial in safeguarding and maintaining this historically and locally significant building, which serves as a gateway to the town of Patterson.
In addition to this, the Hudson Valley Trust Inc has expanded its efforts by purchasing 47 acres of land contiguous with the Lawlor Building property, with funds from a grant from the Empire State Development Corporation. This land will be preserved and utilized to stimulate local tourism and the economy by developing an arboretum, featuring native plantings from Eastern North America, particularly New York State. The arboretum, in conjunction with local government and Cornell Cooperative Extension, will offer a collection of native plant species, contributing to the region's natural beauty and providing educational opportunities for visitors.
Furthermore, the organization has constructed a pedestrian footbridge to enhance tourism and recreational opportunities by improving accessibility from its offices and parking lot to the 47 acres of rolling green pastures, which lead to environmentally sensitive wetlands that border the historic Great Swamp. These areas are frequented by bird watchers, environmental study groups, and others, making the footbridge a valuable asset to the local community and visitors alike. The Hudson Valley Trust Inc continues to work on renovating a historic barn on the same site, further contributing to the preservation and enhancement of the region's rich history and heritage.
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Impact
June, 2024
The Hudson Valley Trust Inc has a significant impact on the preservation and promotion of the cultural, historical, environmental, and architectural heritage of the areas surrounding the Hudson River Valley. Through various fundraising activities, contributions from the public, and the rental of historical locations, the organization works towards fostering the rich heritage of the region. Additionally, by applying for grants from state agencies and other sources, The Hudson Valley Trust Inc is able to support its operational costs and initiatives aimed at protecting and promoting the local history and environment.
One notable project of The Hudson Valley Trust Inc is the renovation and preservation of the former Patterson Town Hall, known as the Lawlor Building, which now serves as a library and office space for local non-profit entities. This historic building is a significant landmark at the gateway of the town of Patterson, showcasing the organization's commitment to preserving architectural heritage.
Furthermore, the organization's acquisition of 47 acres of land adjacent to the Lawlor Building, funded by a grant from the Empire State Development Corporation, demonstrates its dedication to promoting the local economy through tourism. The development of an arboretum on this land, in collaboration with local government and support from Putnam County Cornell Cooperative Extension, highlights the organization's effort to create a space for native plantings from New York State, attracting visitors and fostering environmental awareness.
The construction of a pedestrian footbridge in 2008, providing accessibility to the 47 acres of green pastures and wetlands, further promotes tourism and recreational opportunities in the area. This initiative not only benefits bird watchers and environmental study groups but also emphasizes the organization's commitment to environmental stewardship.
In addition to these efforts, ongoing renovations of a historic barn on the same site showcase The Hudson Valley Trust Inc's dedication to preserving and revitalizing the historical structures within the region. Overall, the organization's multifaceted approach to heritage conservation and environmental promotion makes a significant impact on the Hudson River Valley community and beyond.
This information is meant to be a general summary of The Hudson Valley 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: $3
- Program Service Revenue: $61,800
- Gross Receipts: $61,803
Assets and Liabilities:
- Total Assets: $1,517,507
- Total Liabilities: $7,018
- Net Assets: $1,510,489
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$61,800
Organization Details
Founding Year
1996
Phone
(845) 878-7071Principal Officer
Marjorie Keith
Main Address
PO BOX 563, PATTERSON, NY, 12563
NTEE Category
Code: C99 - Environment
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