Overview
What is Corinthian Historical Foundation?
The Corinthian Historical Foundation, located in Devon, Pennsylvania, is a nonprofit organization with a unique mission. They are dedicated to the collection and preservation of maritime artifacts and works of art, aiming to educate and provide enjoyment for the general public. Their primary goal is to safeguard these historical treasures, ensuring they are available for future generations to learn from and appreciate.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Stars
The Corinthian Historical Foundation has received a low rating of 53% from Charity Navigator, indicating significant concerns regarding its accountability and financial management. Notably, the foundation has no independent board members, which raises questions about governance and oversight. While the organization demonstrates a strong program expense ratio at 88.33%, indicating a commitment to its mission, the lack of critical policies and transparency measures detracts from its overall evaluation.
The foundation has also been rated positively in some financial aspects, such as a low liabilities to assets ratio of 1.14%, suggesting that it manages its debts effectively. However, the absence of essential policies, including conflict of interest, whistleblower protection, and document retention procedures, reveals a need for improvement in governance practices. Additionally, the charity's website does not display key documents like the tax form, which is considered a best practice for transparency.
Overall, the Corinthian Historical Foundation has strengths in its programmatic spending but falls short in accountability and transparency measures. Prospective donors should weigh these factors carefully when considering support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Corinthian Historical Foundation legitimate?
Corinthian Historical Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Corinthian Historical Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Corinthian Historical Foundation?
The Corinthian Historical Foundation's mission is centered around preserving and amassing maritime artifacts and works of art. This collection is intended for the educational benefit and enjoyment of the public at large. By safeguarding these historical treasures, the foundation aims to foster a deeper understanding and appreciation of maritime history. The foundation's activities primarily revolve around the collection and preservation of these artifacts, ultimately serving to enrich the general public's knowledge and experiences.
Who is the CEO of Corinthian Historical Foundation?
Mr Ken Klaus is the President of Corinthian Historical Foundation.
What is the revenue of Corinthian Historical Foundation?
Corinthian Historical Foundation's revenue in 2022 was $19,543.
Who are the executives of Corinthian Historical Foundation and what are their salaries?
There 6 volunteers at Corinthian Historical Foundation.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Corinthian Historical Foundation?
Corinthian Historical Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Corinthian Historical Foundation
The Corinthian Historical Foundation is dedicated to preserving and collecting maritime artifacts and works of art. This nonprofit organization aims to educate and provide enjoyment for the general public through its mission. By gathering and safeguarding these historical artifacts, the Corinthian Historical Foundation seeks to foster a deeper understanding and appreciation of maritime history and culture. The foundation's activities play a significant role in promoting knowledge and enjoyment of the maritime world, ultimately benefiting the public at large.
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Impact
August, 2024
The Corinthian Historical Foundation's impact lies in its dedication to preserving and collecting maritime artifacts and works of art for the education and enjoyment of the general public. By focusing on the rich history and culture of maritime activities, the foundation helps to promote awareness and appreciation for this important aspect of our heritage. Through their efforts, they create opportunities for individuals to learn and engage with maritime history, fostering a deeper connection to the past and enriching communities.
This information is meant to be a general summary of Corinthian Historical Foundation. 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: $7
- Gross Receipts: $19,543
Assets and Liabilities:
- Total Assets: $997,440
- Total Liabilities: $17,448
- Net Assets: $979,992
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Organization Details
Phone
(484) 995-2833Principal Officer
Mr Ken Klaus
Main Address
PO BOX 310, DEVON, PA, 19333
NTEE Category
Code: A80 - Arts
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