Leora And Carlton Hutton Trust Xxx-Xx-Xxxx

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237452614 ✦ Evansville, IN ✦ Designated as a 501(c)(3)

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Overview

What is Leora And Carlton Hutton Trust Xxx-Xx-Xxxx?

The Leora and Carlton Hutton Trust Xxx-Xx-Xxxx is a charitable organization established with the aim of offering scholarships to graduating seniors from Zionsville Community High School in Boone County, Indiana. Located in Evansville, Indiana, this nonprofit seeks to support students in furthering their education by covering tuition, room, and board expenses at accredited universities, junior colleges, business schools, or trade schools. The trust provides scholarships directly to these institutions, ensuring that the recipients can focus on their studies without financial burdens. Any student at Zionsville Community High School, who is either currently residing or has previously resided in Eagle Township, is eligible to apply for this scholarship program. The trust committee, which may consist of up to five members, including the principal of Zionsville Community High School, is responsible for managing the scholarship funds and selection process.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 53%, One-Star out of Four Star rating. This rating indicates that the Leora And Carlton Hutton Trust has significant accountability and finance issues. The overall score is derived entirely from the Accountability & Finance beacon, highlighting areas where the organization is lacking, particularly in governance practices.

One of the major strengths of this nonprofit is its high program expenses ratio, which stands at 71.06%. This suggests that a substantial portion of its resources is directed towards its programs rather than administrative costs. Additionally, the organization has scored well on the ratio of liabilities to assets, indicating financial stability in that respect.

However, the organization faces critical shortcomings, including a complete absence of independent board members and several missing policies, such as conflict of interest and whistleblower policies. Furthermore, its website lacks essential documents, like the Tax Form, which raises concerns about transparency and governance practices. Overall, while the trust demonstrates some positive financial allocations, it needs to improve its governance and transparency significantly.


This AI summary has been generated from information found on Charity Navigator.

Is Leora And Carlton Hutton Trust Xxx-Xx-Xxxx legitimate?

Leora And Carlton Hutton Trust Xxx-Xx-Xxxx is a legitimate nonprofit organization registered as a 501(c)(3) entity. Leora And Carlton Hutton Trust Xxx-Xx-Xxxx 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: $17,422
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Leora And Carlton Hutton Trust Xxx-Xx-Xxxx?

The Leora And Carlton Hutton Trust aims to provide scholarships for graduating seniors from Zionville Community High School who plan to attend a university, junior college, business school, or trade school. The primary objective is to offer these students an opportunity to fund their higher education using the income and corpus of the trust. Scholarship funds are directly paid by the institutional trustee to accredited institutions of higher learning for the beneficiary's tuition, room, and board. Any student from Zionville Community High School is eligible to apply, provided they are or have been a resident of Eagle Township. The trust committee, including the principal of Zionville Community High School, manages the scholarship program.

Who is the CEO of Leora And Carlton Hutton Trust Xxx-Xx-Xxxx?

Unavailable

What is the revenue of Leora And Carlton Hutton Trust Xxx-Xx-Xxxx?

Leora And Carlton Hutton Trust Xxx-Xx-Xxxx's revenue in 2022 was $125,325.

Who are the executives of Leora And Carlton Hutton Trust Xxx-Xx-Xxxx and what are their salaries?

There 4 volunteers at Leora And Carlton Hutton Trust Xxx-Xx-Xxxx.


There is 1 key member and their salary:


Old National Wealth Management (Trustee)
  • Compensation: $17,422
  • Related: $0
  • Other: $0
Where can I find the form 990 for Leora And Carlton Hutton Trust Xxx-Xx-Xxxx?

Leora And Carlton Hutton Trust Xxx-Xx-Xxxx's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Leora And Carlton Hutton Trust Xxx-Xx-Xxxx

The Leora And Carlton Hutton Trust is committed to providing scholarships for graduating seniors from Zionsville Community High School in Indiana. This nonprofit organization aims to create an opportunity for these students to fund their higher education, whether at a university, junior college, business school, or trade school. The trust accomplishes this by utilizing its income and corpus to make scholarship payments directly to accredited institutions of higher learning on behalf of the individual recipients' tuition, room, and board. Notably, the scholarship funds are not given to the students personally. Any student at Zionsville Community High School is eligible to apply for the scholarship, provided they are either current or former residents of Eagle Township. The Trust Committee, which consists of up to five members, includes the principal of Zionsville Community High School as a permanent member.

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Impact




October, 2024

Leora and Carlton Hutton Trust Xxx-Xx-Xxxx significantly impacts the educational landscape for students at Zionsville Community High School in Boone County, Indiana. By providing scholarships specifically for graduating seniors, the trust facilitates access to higher education opportunities, including universities, junior colleges, business schools, and trade schools.

The trust's design ensures that scholarship funds are directly paid to accredited institutions, covering essential costs such as tuition, room, and board. This approach alleviates financial burdens on students and their families, allowing them to focus on their education without the immediate worry of financial constraints.

Eligibility for these scholarships extends to any student at Zionsville Community High School who is a current or former resident of Eagle Township, fostering inclusivity and support for local youth. The involvement of a committee, which includes the principal of the high school, ensures that the selection process is guided by knowledgeable community representatives dedicated to supporting local students.

Overall, the trust plays a crucial role in enhancing educational access and promoting academic achievement, thereby empowering students to pursue their career aspirations and ultimately contribute positively to their communities.




This information is meant to be a general summary of Leora And Carlton Hutton Trust Xxx-Xx-Xxxx. 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.

Revenue
$125,325 (2022)
Expenses
$63,422 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $125,325
  • Gross Receipts: $450,581

Assets and Liabilities:

  • Total Assets: $1,497,349
  • Total Liabilities: $0
  • Net Assets: $1,497,349

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Organization Details

Founding Year

1975

Main Address

P O BOX 207, EVANSVILLE, IN, 477020207

NTEE Category

Code: B82 - Education

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