Overview
What is Hughes Memorial Trust?
The Hughes Memorial Trust is a nonprofit organization that focuses on enhancing rural community awareness and development. Based on the information provided, their primary activities include operating a museum and a distressed farm conference center. These facilities serve as platforms for promoting rural community development. Additionally, the trust offers recreational activities such as kayaking and watersports, contributing to the overall enjoyment and engagement of the community. The trust ensures the upkeep of its house, store, and property to facilitate these operations. In summary, Hughes Memorial Trust is committed to promoting rural development through its various facilities and activities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63%, Two-Star out of Four Star rating. The rating reflects the organization’s performance based solely on accountability and finance metrics. A score of 63% indicates that while there are some strengths in financial practices, there are also areas that could be improved for a higher rating.
Hughes Memorial Trust demonstrates strong governance with a fully independent board and no material diversion of assets, scoring a perfect 10 out of 10 in both categories. Additionally, the organization maintains a low liabilities to assets ratio of 0.00%, which suggests solid financial health. Their program expense ratio of 77.53% indicates that a significant portion of their funds is directed towards programs, which is a positive sign for stakeholders.
However, the overall rating remains at Two Stars, which suggests that despite these strengths, there may be other financial or operational concerns that could affect the charity’s overall effectiveness. Stakeholders may want to consider these factors when evaluating the trustworthiness and impact of Hughes Memorial Trust.
This AI summary has been generated from information found on Charity Navigator.
Is Hughes Memorial Trust legitimate?
Hughes Memorial Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hughes Memorial Trust 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: $8,493
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Hughes Memorial Trust?
The Hughes Memorial Trust focuses on promoting rural community awareness and development. It accomplishes this through its museum and a distressed farmer conference center. The organization also engages in various activities, aiming to aid rural development. Additionally, the trust offers recreational activities like kayaking and watersports. It ensures the maintenance of its house, store, and property for its operations.
Who is the CEO of Hughes Memorial Trust?
Diane Ogden is the President of Hughes Memorial Trust.
What is the revenue of Hughes Memorial Trust?
Hughes Memorial Trust's revenue in 2022 was $64,830.
Who are the executives of Hughes Memorial Trust and what are their salaries?
There 2 volunteers at Hughes Memorial Trust.
Here are 2 key members and their salaries:
- Compensation: $4,990
- Related: $0
- Other: $0
- Compensation: $3,503
- Related: $0
- Other: $0
Where can I find the form 990 for Hughes Memorial Trust?
Hughes Memorial Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hughes Memorial Trust
Hughes Memorial Trust serves to foster rural community awareness and development. They accomplish this through their museum and a conference center specifically geared towards addressing the challenges faced by distressed farmers. Beyond these two primary initiatives, Hughes Memorial Trust also engages in various activities aimed at promoting rural development. These activities extend to offering recreational pursuits such as kayaking and watersports. The organization also takes care of its house, store, and property to ensure they operate effectively. In essence, Hughes Memorial Trust is dedicated to promoting and aiding rural development in diverse ways, with its museum, conference center, and recreational activities playing significant roles.
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Impact
August, 2024
The Hughes Memorial Trust has a significant impact on rural communities by promoting awareness and development through its museum and distressed farm conference center. The Trust's programs, including kayaking and watersports, provide opportunities for local residents to engage in recreational activities while learning about the history and heritage of rural areas. By maintaining the house, store, and property for operations, the Trust contributes to the preservation of rural culture and supports initiatives aimed at aiding rural development. The Trust's mission focuses on museum activities, distressed farmer support, rural community development conferences, and other philanthropic efforts to promote and enhance rural areas.
This information is meant to be a general summary of Hughes Memorial Trust. 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: $63,652
- Gross Receipts: $64,830
Assets and Liabilities:
- Total Assets: $1,093,082
- Total Liabilities: $0
- Net Assets: $1,093,082
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Organization Details
Phone
(563) 927-6503Principal Officer
Diane Ogden
Main Address
1332 NORTH FRANKLIN, MANCHESTER, IA, 52057
NTEE Category
Code: T22 - Philanthropy
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