Overview
What is Barnard Community Trust Inc?
Barnard Community Trust Inc is a nonprofit organization situated in Barnard, Vermont. Established with the goal of preserving the town's rural charm, its primary objective is to maintain and improve the quality of life in Barnard sustainably. The organization is renowned for its role in keeping the Barnard General Store, a cherished community resource, operational. Beyond this, the Trust's activities extend to supporting various initiatives that uphold and strengthen the rural character of the town. Their financials are noted under the rental revenue section on page 9, line 6.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 47% (Zero-Star out of Four Star Rating)
Barnard Community Trust Inc has received a low rating of 47% from Charity Navigator, translating to a Zero-Star rating. This score is based solely on the Accountability & Finance beacon, indicating that the organization may not be demonstrating effective financial practices or transparency in its operations. The overall score suggests significant room for improvement in managing its resources and impact reporting.
Despite the low overall score, Barnard Community Trust demonstrates strengths in several accountability measures, including having a fully independent board and a conflict of interest policy in place. The organization has achieved perfect scores in its governance structure, indicating a commitment to ethical oversight. However, the absence of program expenses and liabilities raises concerns about the organization's financial health and operational effectiveness.
The organization's fiscal data shows a gap in program spending, evidenced by a 0.00% program expense ratio. This lack of investment in programming could signal an issue with resource allocation or a lack of active projects, which limits the organization's potential positive impact in the community. Overall, while there are aspects of governance that are commendable, the financial practices and program engagement present notable limitations that are critical for potential donors to consider.
This AI summary has been generated from information found on Charity Navigator.
Is Barnard Community Trust Inc legitimate?
Barnard Community Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Barnard Community Trust Inc 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.
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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Barnard Community Trust Inc?
The Barnard Community Trust was established with the goal of raising funds to preserve the Barnard General Store, acting as a vital community resource and landmark. Beyond this, the organization's larger mission is to encourage and facilitate the Town of Barnard in maintaining and enhancing its rural lifestyle in a responsible and sustainable manner. The Trust's activities contribute to this objective, with their financial data being recorded under the rental revenue section of their financial reports.
Who is the CEO of Barnard Community Trust Inc?
Teo Zagar is the President of Barnard Community Trust Inc.
What is the revenue of Barnard Community Trust Inc?
Barnard Community Trust Inc's revenue in 2022 was $9,344.
Who are the executives of Barnard Community Trust Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Barnard Community Trust Inc?
Barnard Community Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Barnard Community Trust Inc
Barnard Community Trust, a prominent organization, was established with the primary goal of raising funds to preserve and operate the Barnard General Store, a cherished community resource and landmark. Beyond this, the Trust's broader mission is to encourage and facilitate the Town of Barnard in maintaining and enhancing its rural lifestyle in a sustainable and positive manner. This mission is achieved through various means, as indicated by the organization's program revenue and expenses being accounted for under the rental revenue section of page 9, line 6. By supporting initiatives that preserve the rural character of the town, Barnard Community Trust contributes to the overall well-being and longevity of the community.
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Impact
August, 2024
Barnard Community Trust Inc's impact lies in its dedication to preserving the Barnard General Store, a crucial community resource and landmark. By raising funds to acquire and maintain this store, the organization plays a significant role in promoting and enhancing the rural quality of life in the Town of Barnard in a positive and sustainable manner. Through its efforts, Barnard Community Trust Inc contributes to the preservation of the town's heritage, fosters community cohesion, and supports the overall well-being of Barnard's residents.
This information is meant to be a general summary of Barnard Community Trust Inc. 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: $41
- Gross Receipts: $59,631
Assets and Liabilities:
- Total Assets: $549,807
- Total Liabilities: $0
- Net Assets: $549,807
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Organization Details
Founding Year
2012
Phone
(802) 234-6542Principal Officer
Teo Zagar
Main Address
PO Box 262, Barnard, VT, 05031
NTEE Category
Code: S99 - Community improvement
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