Overview
What is The West Kortright Centre Inc Endowment?
The West Kortright Centre Inc Endowment is a charitable entity with a specific mission to allocate income towards the preservation, upkeep, and enrichment of The West Kortright Centre. The property under this trust's care is dedicated to religious, charitable, and educational purposes. This includes the maintenance and restoration of the main building, any future acquisitions, and emergency repairs, as well as covering administrative costs. The trustee has discretion to apply a portion of the principal funds in the event of catastrophic circumstances.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, Score: 60%)
The West Kortright Centre Inc Endowment has received a two-star rating from Charity Navigator, indicating that there are notable areas for improvement in its accountability and finance practices. The organization's overall score of 60% reflects some positive aspects, such as having a fully independent board and a favorable liabilities to assets ratio. However, significant deficiencies in governance practices have been identified, particularly in areas such as conflict of interest policies and board meeting documentation.
While the organization excels in certain financial metrics, it falls short in transparency and accountability measures. Notably, it has not provided essential documents on its website, including tax forms and board meeting minutes, which are crucial for donor confidence. The lack of conflict of interest and whistleblower policies raises concerns about governance, which could affect stakeholder trust.
Overall, while The West Kortright Centre Inc Endowment demonstrates some strengths, particularly in its financial health, the low scores in various accountability categories highlight the need for improvement. Addressing these issues could enhance the organization's credibility and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The West Kortright Centre Inc Endowment legitimate?
The West Kortright Centre Inc Endowment is a legitimate nonprofit organization registered as a 501(c)(3) entity. The West Kortright Centre Inc Endowment 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: $3,806
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The West Kortright Centre Inc Endowment?
The West Kortright Centre Inc Endowment's mission is centered around utilizing its resources for religious, charitable, and educational purposes. This includes preserving, maintaining, and restoring its primary building and any additional properties acquired for enhancing its activities. In catastrophic circumstances, a portion of its principal can be used to restore or replace the buildings. Furthermore, the funds are allocated for covering the administrative costs of the organization and the trust.
Who is the CEO of The West Kortright Centre Inc Endowment?
Community Bank Na is the Principal Officer of The West Kortright Centre Inc Endowment.
What is the revenue of The West Kortright Centre Inc Endowment?
The West Kortright Centre Inc Endowment's revenue in 2022 was $39,046.
Who are the executives of The West Kortright Centre Inc Endowment and what are their salaries?
There is 1 key member and their salary:
- Compensation: $3,806
- Related: $0
- Other: $0
Where can I find the form 990 for The West Kortright Centre Inc Endowment?
The West Kortright Centre Inc Endowment's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The West Kortright Centre Inc Endowment
The West Kortright Centre Inc Endowment is dedicated to serving religious, charitable, and educational purposes. Its mission encompasses preserving, replacing, maintaining, protecting, insuring, restoring, and caring for its building and any additional properties acquired to enhance its activities. In the event of catastrophic circumstances, the trustee, at the request of the donor's board of directors, has the discretion to utilize a portion of the principal to restore or replace the building or any other acquired structures. Lastly, the endowment is responsible for covering the administrative costs of the donor corporation and the trust.
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Impact
August, 2024
The impact of The West Kortright Centre Inc Endowment is focused on preserving, maintaining, and enriching the cultural and educational activities of the organization. Specifically, the endowment is used to care for the building, acquire and protect additional property, and provide financial support for operational costs. This ensures that the organization can continue to serve its community and fulfill its mission of promoting artistic and educational endeavors.
This information is meant to be a general summary of The West Kortright Centre Inc Endowment. 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: $32,581
- Gross Receipts: $407,169
Assets and Liabilities:
- Total Assets: $689,339
- Total Liabilities: $0
- Net Assets: $689,339
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Organization Details
Founding Year
1990
Phone
(607) 433-4127Principal Officer
Community Bank Na
Main Address
C/O COMMUNITY BANK 245 MAIN STREET, ONEONTA, NY, 13820
NTEE Category
Code: T22I - Philanthropy
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