Overview
What is Clara M Mixter Higher Education Trust 005760?
Clara M Mixter Higher Education Trust 005760 is a charitable organization based in Oneonta, New York. Established with a mission to support graduates of the Richfield Springs Central School, it provides financial aid in the form of scholarships for individuals pursuing higher education as a career. The trust, named after Clara M Mixter, a dedicated teacher in Richfield Springs for over three decades, aims to assist students in furthering their education. The trust's activities primarily focus on granting scholarships, and it operates in the area of education assistance.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63% (Two-Star out of Four Star rating)
The Clara M Mixter Higher Education Trust has received a 63% rating from Charity Navigator, indicating challenges in certain accountability and financial practices. While the trust scores well on some metrics, such as having a majority of independent board members and a favorable liabilities to assets ratio, it has significant weaknesses in areas like board size, transparency, and governance policies.
Specifically, the organization scored zero points for its independent board size and failed to implement essential policies related to conflict of interest, whistleblower protections, and document retention. The lack of a website presence for important tax documents further raises concerns about transparency and accessibility of information for stakeholders.
Despite the shortfalls, the trust exhibits strength in its program expense ratio, directing a substantial portion of its resources towards its educational mission. However, potential donors and beneficiaries may want to consider the organization's governance issues when evaluating its overall effectiveness and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Clara M Mixter Higher Education Trust 005760 legitimate?
Clara M Mixter Higher Education Trust 005760 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clara M Mixter Higher Education Trust 005760 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: $11,836
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Clara M Mixter Higher Education Trust 005760?
The Clara M Mixter Higher Education Trust 005760 was established with the purpose of providing financial assistance to graduates of the Richfield Springs NY Central School who aspire to pursue higher education as a career. The trust achieves this goal by granting scholarships to eligible students. The trust's mission is aligned with the belief that education has the power to shape careers and improve individuals' lives. By offering scholarships, the trust aims to make higher education more accessible to those who have completed their education at the Richfield Springs Central School. The trust's foundations are rooted in the dedication and teaching career of Clara M Mixter, who served as a teacher at the school for over thirty years.
Who is the CEO of Clara M Mixter Higher Education Trust 005760?
Community Bank Na is the Principal Officer of Clara M Mixter Higher Education Trust 005760.
What is the revenue of Clara M Mixter Higher Education Trust 005760?
Clara M Mixter Higher Education Trust 005760's revenue in 2022 was $72,271.
Who are the executives of Clara M Mixter Higher Education Trust 005760 and what are their salaries?
There is 1 key member and their salary:
- Compensation: $11,836
- Related: $0
- Other: $0
Where can I find the form 990 for Clara M Mixter Higher Education Trust 005760?
Clara M Mixter Higher Education Trust 005760's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Clara M Mixter Higher Education Trust 005760
The Clara M Mixter Higher Education Trust 005760 was established with a mission to aid graduates of the Richfield Springs NY Central School who are pursuing higher education as a career. This noble organization provides scholarships to these individuals, enabling them to further their education and build successful careers. Clara M Mixter, a dedicated teacher at the school for over three decades, was the driving force behind this trust. Her commitment to education and the students she taught inspired the creation of this trust, ensuring that the educational aspirations of future generations of Richfield Springs Central School graduates are not hindered by financial constraints.
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Impact
October, 2024
The Clara M Mixter Higher Education Trust 005760 has a significant impact on aspiring educators from Richfield Springs Central School. By providing scholarships specifically for graduates who aim to pursue a career in education, the trust not only alleviates some of the financial burdens associated with higher education but also encourages individuals to contribute to the teaching profession.
This initiative honors Clara Mixter's legacy as a dedicated teacher who spent over three decades in the classroom, reinforcing the value of education within the community. By investing in future educators, the trust plays a crucial role in fostering a culture of teaching, ensuring that more individuals are equipped and motivated to step into roles that shape the minds of future generations. The support offered by this trust helps to build a sustainable pipeline of passionate educators who are committed to making a difference in their community.
This information is meant to be a general summary of Clara M Mixter Higher Education Trust 005760. 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: $72,271
- Gross Receipts: $214,476
Assets and Liabilities:
- Total Assets: $1,210,609
- Total Liabilities: $0
- Net Assets: $1,210,609
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Organization Details
Founding Year
1998
Phone
(607) 433-4129Principal Officer
Community Bank Na
Main Address
5 FORD AVE PO BOX 430, ONEONTA, NY, 13820
NTEE Category
Code: T90 - Philanthropy
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