Overview
What is Earl L And Corinne A Otto Cultural Center Endowment Trust?
The Earl L And Corinne A Otto Cultural Center Endowment Trust is a nonprofit organization based in Wisconsin Rapids, Wisconsin. Their primary mission is to aid in the financing of ongoing maintenance, operational expenses, and performance costs associated with the Central Wisconsin Cultural Center's physical facility. Additionally, they cover the expenses for programs and activities held within the center. The endowment trust aims to ensure the center remains a vibrant hub for cultural events and activities, enriching the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating
The Earl L And Corinne A Otto Cultural Center Endowment Trust has received a low rating of 53%, indicating significant concerns regarding its accountability and financial practices. This score is solely based on the Accountability & Finance category, which highlights a lack of independent board members and missing key policies that are essential for transparency and governance.
The organization shows a strong program expense ratio of 80.52%, which suggests a commitment to allocating resources toward its programs. However, the absence of independent board members raises questions about oversight and governance, and the lack of critical policies such as conflict of interest and whistleblower protections further limits its score.
Overall, while the charity does not exhibit any material diversion of assets, the significant gaps in transparency measures and governance practices contribute to its low rating. Potential donors and stakeholders should consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Earl L And Corinne A Otto Cultural Center Endowment Trust legitimate?
Earl L And Corinne A Otto Cultural Center Endowment Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Earl L And Corinne A Otto Cultural Center Endowment 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: $14,844
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Earl L And Corinne A Otto Cultural Center Endowment Trust?
The Earl L and Corinne A Otto Cultural Center Endowment Trust's mission is primarily focused on supporting the ongoing maintenance and operational expenses of a cultural center's physical facility. Furthermore, the trust also aims to cover the costs associated with performances, programs, and activities held within the center. In essence, its purpose is to ensure the continued operation and success of cultural events and activities at the center.
Who is the CEO of Earl L And Corinne A Otto Cultural Center Endowment Trust?
Unavailable
What is the revenue of Earl L And Corinne A Otto Cultural Center Endowment Trust?
Earl L And Corinne A Otto Cultural Center Endowment Trust's revenue in 2022 was $27,436.
Who are the executives of Earl L And Corinne A Otto Cultural Center Endowment Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $14,844
- Related: $0
- Other: $0
Where can I find the form 990 for Earl L And Corinne A Otto Cultural Center Endowment Trust?
Earl L And Corinne A Otto Cultural Center Endowment Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Earl L And Corinne A Otto Cultural Center Endowment Trust
The Earl L And Corinne A Otto Cultural Center Endowment Trust is committed to supporting the Central Wisconsin Cultural Center. Its mission is to cover the ongoing maintenance and operating expenses of the cultural center's physical facility. Furthermore, the trust aims to fund the costs associated with performances, programs, and activities held within the center. By doing so, the trust plays a crucial role in ensuring the continuity and vibrancy of cultural events and activities at the Central Wisconsin Cultural Center.
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Impact
October, 2024
The Earl L And Corinne A Otto Cultural Center Endowment Trust plays a vital role in sustaining the Central Wisconsin Cultural Center's operations, enhancing the cultural landscape of Wisconsin Rapids. By supplementing the maintenance and operating expenses of the center, the trust ensures that the facility remains accessible and well-maintained for the community.
Its financial support allows for a diverse range of performances, programs, and activities, enriching the cultural experience of local residents and visitors alike. The impact is evident in the vibrant artistic atmosphere fostered in the center, enabling artists to showcase their work, encouraging community engagement through various events, and ultimately contributing to the cultural education and enjoyment of the public. Through its initiatives, the trust helps cultivate a thriving arts scene, promoting creativity and connection within the community.
This information is meant to be a general summary of Earl L And Corinne A Otto Cultural Center Endowment 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: $27,436
- Gross Receipts: $157,922
Assets and Liabilities:
- Total Assets: $1,103,976
- Total Liabilities: $0
- Net Assets: $1,103,976
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Organization Details
Founding Year
2007
Phone
(715) 423-6800Main Address
181 2ND STREET SOUTH, WISCONSIN RAPIDS, WI, 54494
NTEE Category
Code: A112 - Arts
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