Overview
What is Independence Historical Trust?
The Independence Historical Trust, located in Philadelphia, Pennsylvania, is a nonprofit organization that celebrates its 50th anniversary in 2022. Its primary mission is to raise funds to support the historical, scientific, educational, and interpretive activities of Independence National Historical Park. In 2022, the Trust accomplished several notable achievements. They completed a 4.5 million dollar campaign for the rehabilitation of the First Bank of the United States, making the project eligible for 30.1 million dollars in federal funding for construction. The organization also hosted educational and social events, family-friendly activities, and twilight tours, reaching over 1,100 visitors from various states and countries. Through managed funds, the Trust supported temporary educational exhibits, exhibit panel replacements, and virtual field trips for schools, reaching over 5,000 students and numerous teachers.
Official website here: www.inht.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93%, Four-Star out of Four Star rating.
The Independence Historical Trust has demonstrated a strong commitment to financial accountability and transparency, as evidenced by its high scores across various metrics. With a 92% Accountability & Finance Score, the organization showcases 100% independent board members and a well-structured board, indicating robust governance practices. The absence of any material diversion of assets and a well-maintained conflict of interest policy further underline its responsible management.
In terms of financial health, the trust reports an impressive program expense ratio of 83.58%, reflecting a significant allocation of resources towards its mission-driven programs. The organization's liabilities to assets ratio stands at a low 1.11%, suggesting solid financial stability. Furthermore, the leadership and adaptability scores of 100 indicate that the organization is well-equipped to navigate challenges and effectively implement its strategies.
Overall, the Independence Historical Trust exemplifies a well-managed nonprofit organization with strong governance, financial health, and a focus on its mission. However, user feedback was not available to provide additional insights into the community's perception of its impact and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Independence Historical Trust?
86% of 12 reviewers on Facebook recommend the Independence Historical Trust. Here is a summary of their reviews:
Many visitors express a strong appreciation for the engaging and informative historic tours offered by the organization. Reviewers highlight the quality of the park service, noting the wealth of information provided during their experiences.
Overall, the positive sentiment indicates that people had enjoyable experiences in Philadelphia, with many grateful for the stories and insights shared during their visits. The enthusiasm for the tours suggests that the Independence Historical Trust effectively delivers on its mission to educate and entertain guests.
This AI summary has been generated from reviews found on Facebook.
Is Independence Historical Trust legitimate?
Independence Historical Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Independence Historical 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: $63,250
Other Salaries and Wages: $159,928
For more financial information, click here
Official website here: www.inht.org
What is the mission statement of Independence Historical Trust?
The Independence Historical Trust's mission is primarily focused on raising funds to support the mission of Independence National Historical Park. This involves promoting historical, scientific, educational, and interpretive activities within the park. In 2022, the organization celebrated its 50th anniversary and accomplished several programmatic activities, including fundraising for a construction project, hosting educational and social events, organizing family-friendly activities, offering twilight tours, and supporting educational field trips for schools. Through these efforts, the Trust aims to increase awareness and engagement with the park's historical significance and educational programs.
Official website here: www.inht.org
Who is the CEO of Independence Historical Trust?
Thomas Caramanico is the Executive Di of Independence Historical Trust.
Official website here: www.inht.org
What is the revenue of Independence Historical Trust?
Independence Historical Trust's revenue in 2022 was $1,722,245.
Official website here: www.inht.org
Who are the executives of Independence Historical Trust and what are their salaries?
There 59 volunteers at Independence Historical Trust.
Here are 11 key members and their salaries:
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Official website here: www.inht.org
Where can I find the form 990 for Independence Historical Trust?
Independence Historical Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.inht.org
Learn more at the official website: www.inht.org
Mission Statement of Independence Historical Trust
The Independence Historical Trust, a nonprofit organization, is dedicated to raising funds to support the mission of Independence National Historical Park. Its primary objective is to contribute financially to the historical, scientific, educational, and interpretive activities of the park. By accomplishing this mission, the Trust aims to preserve and promote the rich history and significance of this national landmark.
The Trust's activities extend beyond mere fundraising. In 2022, it celebrated its 50th anniversary and marked the occasion with various programmatic initiatives. One such initiative was the successful completion of a 4.5 million dollar campaign to fund the design of the reconstruction of the First Bank of the United States. This milestone made the project eligible for 30.1 million dollars in funding from the Federal FY 2023 Great American Outdoors Act, which will cover the construction costs. The building is scheduled to open in 2026.
Another significant achievement was the 50th Anniversary Program, which aimed to increase awareness of the Trust. Over a period of six months, the program reached over 300 people through educational and social events. The Trust also collaborated with the National Park Service to host the first-ever family-friendly activities on July 8th, in conjunction with the re-enactment of the First Reading of the Declaration of Independence. The event attracted an average of 79 visitors daily, totalling 556 in attendance.
These are just a few examples of how the Independence Historical Trust fulfills its mission to support the Independence National Historical Park. Through its various initiatives, the Trust ensures that the park's historical, educational, and interpretive activities continue to thrive, preserving and promoting the nation's rich history for future generations.
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Impact
October, 2024
Independence Historical Trust has significantly enhanced the cultural and educational landscape of Independence National Historical Park in Philadelphia. In 2022, the organization successfully raised $4.5 million for the design and rehabilitation of the First Bank of the United States, paving the way for an anticipated $30.1 million in federal funding for the construction phase, set to be completed by 2026. This restoration project is essential for preserving an important historical site.
During its 50th anniversary, the Trust engaged over 300 individuals through a series of educational and social events, fostering a deeper appreciation for the park's significance. It introduced family-friendly activities that attracted an average of 79 visitors, coinciding with the re-enactment of the First Reading of the Declaration of Independence. Additionally, the Trust offered twilight tours that welcomed over 440 participants from numerous states and countries, emphasizing the park's rich history.
The Trust also funded two temporary educational exhibits and updated exhibit panels at the President's House site. Their partnership with the National Park Service enabled virtual field trips that reached over 5,000 students across 54 schools during the 2021-2022 academic year, enhancing educational opportunities for students and teachers alike. Overall, the Independence Historical Trust plays a crucial role in promoting historical awareness and educational access within its community.
This information is meant to be a general summary of Independence Historical 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: $30,838
- Program Service Revenue: $139,895
- Gross Receipts: $1,804,422
Assets and Liabilities:
- Total Assets: $5,313,562
- Total Liabilities: $59,219
- Net Assets: $5,254,343
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT FEE INCOME
Revenue
$139,895
Organization Details
Founding Year
1972
Phone
(215) 861-4971Principal Officer
Thomas Caramanico
Main Address
143 S 3RD STREET, PHILADELPHIA, PA, 19106
Website
www.inht.orgNTEE Category
Code: A11 - Arts
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