Overview
What is Clearwater Salvation Army Trust?
The Clearwater Salvation Army Trust is a charitable organization based in Clearwater, Florida. Its primary mission is to distribute monetary support to various programs run by the local Clearwater Salvation Army. These initiatives encompass a wide range of social welfare and charitable endeavors, such as serving the homeless, operating food programs, addressing AIDS and housing issues, providing toys, food, and gifts to families during seasonal times, offering spousal abuse and retraining services, and running a day school for underprivileged children. Furthermore, they offer spiritual guidance as needed. The Trust's aim is to contribute to the betterment of their community through these programs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
The Clearwater Salvation Army Trust has received a 73% rating, which classifies it as a Two-Star charity. This rating is derived from its performance in Accountability & Finance, indicating a solid commitment to financial health and transparency. The organization boasts a perfect score for having an entirely independent board and demonstrates strong accountability practices, with all board meeting minutes documented.
One of the notable strengths of the Clearwater Salvation Army Trust is its high Program Expense Ratio of 89.94%, which reflects a strong focus on utilizing funds for its charitable programs rather than administrative expenses. Additionally, the charity has a zero percent liabilities to assets ratio, suggesting it operates without debt, which is favorable for its financial stability.
Despite its strengths, the overall Two-Star rating indicates potential areas for improvement in other performance categories. While the charity excels in accountability, it would benefit from enhancements in other operational metrics to achieve a higher overall rating. Nevertheless, its commitment to transparency and effective use of funds is commendable.
This AI summary has been generated from information found on Charity Navigator.
Is Clearwater Salvation Army Trust legitimate?
Clearwater Salvation Army Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clearwater Salvation Army 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Clearwater Salvation Army Trust?
The Clearwater Salvation Army Trust's primary mission is to channel monetary support towards various programs run by the Clearwater Salvation Army. These programs are designed to aid various sections of society, including the homeless, individuals affected by HIV/AIDS, and underprivileged children. The trust also provides food assistance, seasonal gifts to families, and support for victims of spousal abuse, offering retraining opportunities as well. Furthermore, the trust contributes to a day school for underprivileged children and offers spiritual guidance when appropriate. The main objective is to contribute financially to the local activities of this charity, focusing on social welfare, religious, and other charitable programs.
Who is the CEO of Clearwater Salvation Army Trust?
Nancy Schulte is the Trustee of Clearwater Salvation Army Trust.
What is the revenue of Clearwater Salvation Army Trust?
Clearwater Salvation Army Trust's revenue in 2022 was $159,230.
Who are the executives of Clearwater Salvation Army Trust and what are their salaries?
There 5 volunteers at Clearwater Salvation Army Trust.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Clearwater Salvation Army Trust?
Clearwater Salvation Army Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Clearwater Salvation Army Trust
The Clearwater Salvation Army Trust is committed to directing monetary support towards various programs run by the Clearwater Salvation Army. These programs aim to serve diverse needs within the community, including the homeless, food assistance, aid for individuals living with HIV/AIDS, and housing support. At seasonal times, the organization also provides toys, food, and gifts to families in need. Additionally, the Clearwater Salvation Army Trust offers spousal abuse intervention and retraining services, as well as a day school for underprivileged children. Lastly, the Trust provides spiritual guidance as appropriate, contributing to the charity's mission of social welfare, religious, or other charitable initiatives.
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Impact
October, 2024
Clearwater Salvation Army Trust plays a vital role in enhancing the lives of individuals and families within the Clearwater community. By directing financial support to various essential programs, it addresses critical needs such as homelessness, food security, and family support during seasonal times. The trust's impact is evident in its commitment to aiding homeless individuals, providing nutritious food through various programs, and offering assistance for those affected by spousal abuse and retraining initiatives.
Additionally, it supports educational opportunities for underprivileged children through a day school, fostering a sense of stability and hope for their futures. The trust also plays a crucial role in providing spiritual guidance, ensuring that individuals not only receive material support but also emotional and psychological assistance. Overall, Clearwater Salvation Army Trust significantly contributes to the social welfare and upliftment of the community, creating a comprehensive support system for those in need.
This information is meant to be a general summary of Clearwater Salvation Army 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: $113,516
- Gross Receipts: $390,155
Assets and Liabilities:
- Total Assets: $841,162
- Total Liabilities: $0
- Net Assets: $841,162
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Organization Details
Founding Year
1968
Phone
(727) 725-9777Principal Officer
Nancy Schulte
Main Address
PO BOX 8070, CLEARWATER, FL, 337588070
NTEE Category
Code: P24I - Human services
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