Overview
What is The Drumthwacket Foundation Inc?
The Drumthwacket Foundation Inc, situated in Princeton, New Jersey, is a nonprofit organization with a single employee. Its primary mission is to inspire pride and bolster civic awareness among New Jersey residents. To fulfill this objective, the foundation restores and maintains Drumthwacket, the historic property serving as the official residence of New Jersey governors. Alongside the property's preservation, the foundation conducts educational activities that recognize and celebrate the diverse communities and ongoing contributions of New Jersey's residents. Additionally, the Drumthwackett Foundation offers the Discover Drumthwacket Field Trip Program, aiming to promote an understanding of New Jersey's history and instill a sense of pride in its heritage among visiting schoolchildren.
Official website here: www.drumthwacket.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 91% (Four-Star out of Four Star rating).
The Drumthwacket Foundation Inc has achieved a strong rating of 91%, reflecting its commitment to accountability and financial management. The score is derived entirely from its accountability and finance metrics, which highlight the foundation's robust governance practices. With a fully independent board and a well-structured audit and oversight committee, the organization demonstrates a high level of transparency and responsibility in its operations.
Strengths noted in the evaluation include a comprehensive set of policies, such as conflict of interest and whistleblower protections, that contribute to ethical governance. Additionally, the foundation maintains a low liabilities-to-assets ratio, indicating a stable financial position. The program expense ratio of 66.06% shows a significant portion of its expenditures directed toward its mission-related activities, although there is room for improvement in this area.
Despite these strengths, the foundation's program expense ratio received a slightly lower score, suggesting that there may be a need for more strategic allocation of funds to further enhance its impact. Overall, The Drumthwacket Foundation Inc stands out for its effective governance and financial stewardship, making it a trustworthy choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is The Drumthwacket Foundation Inc legitimate?
The Drumthwacket Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Drumthwacket Foundation Inc 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: $147,279
Professional Fundraising Fees: $120,000
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.drumthwacket.org
What is the mission statement of The Drumthwacket Foundation Inc?
The Drumthwacket Foundation Inc's mission is to inspire pride and enhance civic awareness among all individuals by restoring the historic Drumthwacket property, the official residence of New Jersey governors. Through educational activities, the foundation aims to recognize and celebrate the rich diversity and ongoing contributions of New Jersey's communities and residents. This is achieved through various programs and initiatives, such as facility projects that promote public interest in Drumthwacket, the Discover Drumthwacket Field Trip Program that fosters an understanding of New Jersey history, and other programs that support the foundation's mission. The goal is to instill a sense of pride in the heritage of New Jersey and promote good citizenship among the youth.
Official website here: www.drumthwacket.org
What is the revenue of The Drumthwacket Foundation Inc?
The Drumthwacket Foundation Inc's revenue in 2023 was $1,220,728.
Official website here: www.drumthwacket.org
Who are the executives of The Drumthwacket Foundation Inc and what are their salaries?
The average compensation at The Drumthwacket Foundation Inc during 2023 was $147,279. There is 1 employee and 44 volunteers at The Drumthwacket Foundation Inc.
Here are 18 key members and their salaries:
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Official website here: www.drumthwacket.org
Where can I find the form 990 for The Drumthwacket Foundation Inc?
The Drumthwacket Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.drumthwacket.org
Learn more at the official website: www.drumthwacket.org
Mission Statement of The Drumthwacket Foundation Inc
The Drumthwacket Foundation Inc, a notable nonprofit organization, is committed to inspiring pride and enhancing civic awareness among all New Jerseyans. They achieve this mission by restoring the historic Drumthwacket property, which serves as the official residence of New Jersey's governors. Additionally, the foundation engages in educational activities that recognize and celebrate the rich diversity and ongoing contributions of New Jersey's communities and its residents.
By focusing on the restoration and preservation of Drumthwacket, The Drumthwacket Foundation Inc aims to foster a sense of pride and appreciation for the state's history and leadership. Beyond this, they organize educational programs that encourage good citizenship and an understanding of New Jersey's heritage. One such program is the Discover Drumthwackett Field Trip Program, which aims to promote New Jersey history, foster pride in the state's heritage, and educate visiting school children about leadership and good citizenship.
In summary, The Drumthwacket Foundation Inc is a dedicated nonprofit organization that seeks to inspire pride and civic awareness among New Jerseyans. They achieve this by restoring the historic Drumthwacket property and organizing educational programs that recognize the state's diversity and contributions. Through these efforts, they aim to foster a sense of pride in New Jersey's history and encourage good citizenship among its residents.
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Impact
October, 2024
The Drumthwacket Foundation Inc significantly impacts New Jersey by restoring the historic Drumthwacket property, which serves as the official residence of the state's governors. This effort cultivates pride and civic awareness among residents, fostering a deeper appreciation for the state's rich history and cultural diversity.
Through various facility projects, the foundation promotes public interest by enhancing the property's historical and educational value. The "Discover Drumthwacket" field trip program plays a crucial role in this initiative by engaging school children. The program aims to instill a sense of pride in New Jersey's heritage and encourages understanding of leadership and good citizenship.
Additionally, the foundation conducts various educational activities that highlight the contributions of New Jersey's diverse communities and residents, thereby enriching the overall civic fabric of the state. This multifaceted approach not only preserves a key historical site but also nurtures future generations' understanding and appreciation of their state's heritage.
This information is meant to be a general summary of The Drumthwacket Foundation Inc. 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 2023.
- Investment Income: $73,586
- Gross Receipts: $1,220,728
Assets and Liabilities:
- Total Assets: $9,425,733
- Total Liabilities: $652,934
- Net Assets: $8,772,799
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Organization Details
Founding Year
1990
Principal Officer
Robyn Brenner
Website
www.drumthwacket.orgNTEE Category
Code: A80 - Arts
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