Overview
What is East Tennessee Historical Society Foundation?
The East Tennessee Historical Society Foundation (ETHSF) is a charitable organization with a mission to support and strengthen the East Tennessee Historical Society, Inc. (ETHS). Based in Knoxville, Tennessee, ETHSF aims to preserve, interpret, and promote the history of Tennessee, with a particular focus on East Tennessee. To achieve this goal, they provide monetary support to ETHS. In response to budgetary needs, ETHSF's board of directors authorized temporary salary supplements for two senior-level ETHS staff members, ensuring the retention of high-quality personnel while managing the organization's finances. ETHSF also plans to retain its funds as a means of growing its endowment, aiming to support ETHS activities more comprehensively in the future.
Official website here: www.easttnhistory.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
The East Tennessee Historical Society Foundation has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. With a score of 73%, the organization demonstrates strengths in board independence and governance, boasting 100% independent board members and strong policies around material diversion of assets and conflict of interest. Additionally, the organization maintains transparency by posting its tax forms and board meeting minutes online.
However, there are notable areas for improvement. The foundation lacks a whistleblower policy and a document retention and destruction policy, which are essential for maintaining organizational integrity and transparency. Furthermore, while the program expense ratio stands at a modest 59.33%, it suggests that more could be allocated towards direct program services rather than administrative expenses.
Overall, while the East Tennessee Historical Society Foundation exhibits a solid framework of good governance practices, addressing the gaps in policy documentation and improving its program expense ratio could enhance its standing and effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is East Tennessee Historical Society Foundation legitimate?
East Tennessee Historical Society Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. East Tennessee Historical Society 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
Official website here: www.easttnhistory.org
What is the mission statement of East Tennessee Historical Society Foundation?
The East Tennessee Historical Society Foundation's mission is primarily focused on supporting the activities of the East Tennessee Historical Society, Inc. (ETHS). This involves providing financial assistance to the ETHS, an organization dedicated to preserving, interpreting, and promoting the history of Tennessee, with a particular emphasis on East Tennessee. However, due to a temporary suspension of its mission, the East Tennessee Historical Society Foundation has decided to hold onto its funds to grow its endowment, aiming to reach a level that can better support ETHS activities in the future.
Official website here: www.easttnhistory.org
Who is the CEO of East Tennessee Historical Society Foundation?
Sam Albritton is the Chairman of East Tennessee Historical Society Foundation. The CEO's salary of East Tennessee Historical Society Foundation is $0 and their total compensation is $132,117.
Official website here: www.easttnhistory.org
What is the revenue of East Tennessee Historical Society Foundation?
East Tennessee Historical Society Foundation's revenue in 2022 was $70,318.
Official website here: www.easttnhistory.org
Who are the executives of East Tennessee Historical Society Foundation and what are their salaries?
There 2 volunteers at East Tennessee Historical Society Foundation.
Here are 10 key members and their salaries (East Tennessee Historical Society Foundation's CEO's salary is $0 and their total compensation is $132,117):
- Compensation: $0
- Related: $115,200
- Other: $16,917
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.easttnhistory.org
Where can I find the form 990 for East Tennessee Historical Society Foundation?
East Tennessee Historical Society Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.easttnhistory.org
Learn more at the official website: www.easttnhistory.org
Mission Statement of East Tennessee Historical Society Foundation
The East Tennessee Historical Society Foundation, abbreviated as ETHSF, is dedicated to supporting the activities of the East Tennessee Historical Society, Inc. (ETHS). The primary mission of ETHSF is to financially aid the endeavors of ETHS, an organization that focuses on preserving, interpreting, and promoting the history of Tennessee with a particular emphasis on East Tennessee.
Recently, the board of ETHSF decided to temporarily suspend its mission of providing financial assistance to ETHS. Instead, they chose to retain the funds in the foundation with the intention of growing the endowment. This strategic move aims to build a more substantial reserve that can better support ETHS activities in the future. By doing so, the ETHSF is demonstrating its commitment to ensuring the long-term success and sustainability of the East Tennessee Historical Society.
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Impact
October, 2024
The East Tennessee Historical Society Foundation significantly impacts the preservation and promotion of Tennessee's history, particularly focusing on East Tennessee. By providing essential financial support to the East Tennessee Historical Society (ETHS), it enhances historical initiatives and programming aimed at educating the public about the region's rich heritage.
The foundation’s strategic decision to provide salary supplements for senior staff at ETHS demonstrates a commitment to retaining high-caliber professionals who are pivotal in ensuring the society's effectiveness and sustainability. Although the foundation has temporarily shifted its approach to conserve funds and grow its endowment, this action underscores a long-term vision aimed at strengthening the resources available for future historical projects and activities.
Ultimately, the foundation plays a vital role in fostering an environment where local history can thrive, engage communities, and inspire future generations to appreciate and understand the cultural narratives of Tennessee.
This information is meant to be a general summary of East Tennessee Historical Society 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: $57,970
- Gross Receipts: $1,011,962
Assets and Liabilities:
- Total Assets: $3,288,947
- Total Liabilities: $35,242
- Net Assets: $3,253,705
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Organization Details
Founding Year
2008
Phone
(865) 215-8824Principal Officer
Sam Albritton
Main Address
PO Box 1629, Knoxville, TN, 379011629
Website
www.easttnhistory.orgNTEE Category
Code: A80 - Arts
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