Overview
What is Monroe County Historical Assn Endowment Trust?
The Monroe County Historical Assn Endowment Trust is a nonprofit entity based in Stroudsburg, Pennsylvania, specifically at 744 Main Street. Its primary mission is to provide financial support, serving two main purposes: funding the salaries of professional staff and financing capital improvements for the Monroe County Historical Association. Established as an endowment fund, its goal is to contribute to the well-being of the Monroe County Historical Association, an organization dedicated to preserving and showcasing the region's history.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
The Monroe County Historical Assn Endowment Trust has received a low rating of 50%, indicating significant concerns regarding its accountability and finance practices. The organization has no independent board members, which is a critical aspect for maintaining transparency and effective governance. The absence of essential policies such as conflict of interest, whistleblower protections, and document retention raises red flags about its operational integrity.
On a positive note, the trust maintains a strong program expense ratio of 78.91%, suggesting that a substantial portion of its resources is dedicated to its programs rather than administrative costs. Additionally, there are no reported issues regarding the diversion of assets, which reflects financial stability in that regard. However, the lack of a website listed on tax forms and missing financial disclosures further complicates the trust's standing.
Overall, while the Monroe County Historical Assn Endowment Trust shows promise in its program spending, the absence of independent oversight and crucial governance policies points to potential vulnerabilities that could affect its long-term effectiveness and donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Monroe County Historical Assn Endowment Trust legitimate?
Monroe County Historical Assn Endowment Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monroe County Historical Assn Endowment 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: $13,524
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Monroe County Historical Assn Endowment Trust?
The Monroe County Historical Assn Endowment Trust has established an endowment fund with the purpose of providing financial support. This fund is intended to aid the Monroe County Historical Association, ensuring the availability of operating funds for staff salaries and capital improvements. The primary objective of the endowment trust is to contribute to the operational and structural enhancements of the historical association, thereby preserving and promoting historical knowledge and resources.
Who is the CEO of Monroe County Historical Assn Endowment Trust?
William Evans is the Co Trustee of Monroe County Historical Assn Endowment Trust.
What is the revenue of Monroe County Historical Assn Endowment Trust?
Monroe County Historical Assn Endowment Trust's revenue in 2022 was $53,465.
Who are the executives of Monroe County Historical Assn Endowment Trust and what are their salaries?
There 1 volunteer at Monroe County Historical Assn Endowment Trust.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $13,524
- Related: $0
- Other: $0
Where can I find the form 990 for Monroe County Historical Assn Endowment Trust?
Monroe County Historical Assn Endowment Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Monroe County Historical Assn Endowment Trust
The Monroe County Historical Association Endowment Trust was established with a mission to provide financial support for this historical organization. Specifically, the endowment fund aims to provide operating funds for the payment of professional staff and to contribute towards capital improvements within the Monroe County Historical Association. This financial assistance enables the historical association to continue its operations effectively and maintain its facilities, ensuring that the organization can continue its valuable work in preserving and promoting historical knowledge and heritage.
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Impact
October, 2024
The Monroe County Historical Association Endowment Trust plays a vital role in supporting the preservation and promotion of local history in Stroudsburg, PA. By providing essential operating funds, it ensures that the association can maintain a professional staff dedicated to curating and managing historical resources. This support fosters a deeper understanding of the region's heritage, making it accessible to residents and visitors alike.
Additionally, the endowment fund facilitates capital improvements, enhancing the facilities and resources available for educational programs, exhibits, and community events. Through its investment in the historical association, the trust contributes to the cultural vibrancy of Monroe County, ensuring that history is not only preserved but actively engaged with by the community. This impact not only enriches the lives of those in the area but also helps connect future generations with their local history.
This information is meant to be a general summary of Monroe County Historical Assn Endowment 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: $53,315
- Gross Receipts: $481,550
Assets and Liabilities:
- Total Assets: $1,253,296
- Total Liabilities: $0
- Net Assets: $1,253,296
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Organization Details
Founding Year
2005
Phone
(570) 476-3900Principal Officer
William Evans
Main Address
ESSA ASSET MGMT TR 744 MAIN ST, STROUDSBURG, PA, 18360
NTEE Category
Code: T19 - Philanthropy
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