Overview
What is Trust Uw John L Erbacher Art 9?
Trust Uw John L Erbacher Art 9 is a nonprofit organization situated in Albany, New York, specifically at 6 Metro Park Road. Its primary mission is to contribute to the Schenectady Foundation Endowment Fund. To accomplish this, the organization provides scholarships to high school students from Schenectady, aiming to support their educational pursuits. The specific details of these scholarships, such as the number or amount, are not provided in the given information.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63%, Two-Star out of Four Star rating.
Trust Uw John L Erbacher Art 9 has received a 63% rating from Charity Navigator, indicating some strengths as well as notable weaknesses in its operations and financial management. The organization boasts a 100% independent board membership, which is a positive sign of governance. Additionally, it shows a healthy liabilities to assets ratio of 0.00%, and a solid program expense ratio of 73.73%, suggesting that a significant portion of its funds is directed towards its mission.
However, the charity faces critical shortcomings in its accountability and transparency practices. It scored poorly on several key areas, including the absence of a conflict of interest policy, whistleblower policy, and document retention protocols, which may raise concerns about its internal controls. Furthermore, its website is missing from the tax form, which contributes to its lower overall score in accountability and finance.
Overall, while Trust Uw John L Erbacher Art 9 demonstrates strong financial performance in directing funds towards its programs, the lack of essential governance and transparency policies indicates areas that require improvement for better accountability to its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Trust Uw John L Erbacher Art 9 legitimate?
Trust Uw John L Erbacher Art 9 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trust Uw John L Erbacher Art 9 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: $7,304
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Trust Uw John L Erbacher Art 9?
The mission of Trust UW John L Erbacher Art 9 is focused on supporting the Schenectady Foundation Endowment Fund. This support is primarily channeled towards providing scholarships for students attending Schenectady High School who are preparing to enter their higher education journey. The goal is to contribute to the educational growth and opportunities of these students, thereby fostering their personal and professional development.
Who is the CEO of Trust Uw John L Erbacher Art 9?
Trustco Bank is the Trustee of Trust Uw John L Erbacher Art 9.
What is the revenue of Trust Uw John L Erbacher Art 9?
Trust Uw John L Erbacher Art 9's revenue in 2022 was $45,093.
Who are the executives of Trust Uw John L Erbacher Art 9 and what are their salaries?
There is 1 key member and their salary:
- Compensation: $7,304
- Related: $0
- Other: $0
Where can I find the form 990 for Trust Uw John L Erbacher Art 9?
Trust Uw John L Erbacher Art 9's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Trust Uw John L Erbacher Art 9
Trust Uw John L Erbacher Art 9 is an organization dedicated to supporting the Schenezady Foundation Endowment Fund. Its mission, in essence, is to provide scholarships to students attending Schenectady High School who are preparing to embark on their higher education journey. By offering financial aid, this nonprofit organization aims to contribute to the educational growth and development of local students, thereby fostering their potential to make meaningful contributions to their community and beyond.
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Impact
October, 2024
Trust Uw John L Erbacher Art 9 significantly impacts the Schenectady community by providing scholarships for Schenectady High School students who are pursuing higher education. By supporting the Schenectady Foundation Endowment Fund, it helps ensure that local students have access to financial resources necessary for their academic advancement. This not only alleviates financial burdens but also fosters educational growth and opportunities, empowering the next generation of leaders and contributors in the community. The initiative promotes philanthropy and highlights the importance of investing in local talent, ultimately enhancing the socio-economic development of Albany, NY, and its surroundings.
This information is meant to be a general summary of Trust Uw John L Erbacher Art 9. 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: $45,093
- Gross Receipts: $45,093
Assets and Liabilities:
- Total Assets: $860,607
- Total Liabilities: $0
- Net Assets: $860,607
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Organization Details
Phone
(518) 381-3643Principal Officer
Trustco Bank
Main Address
6 METRO PARK RD, ALBANY, NY, 12205
NTEE Category
Code: T00 - Philanthropy
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