Overview
What is Union Rural Electric Trust Inc?
Union Rural Electric Trust Inc is a nonprofit organization situated in Marysville, Ohio. Its primary mission is to distribute funds to charitable organizations and individuals in need, with the aim of addressing essential needs such as food, shelter, equipment, clothing, health, and education. By providing financial assistance, Union Rural Electric Trust Inc aims to make a positive impact on various communities, ensuring that individuals and organizations can access the critical resources they need to thrive.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
Union Rural Electric Trust Inc has received a moderate rating of 73% from Charity Navigator, which indicates a need for improvement in certain areas of governance and transparency. The organization has strengths in its financial management, highlighted by a 100% program expense ratio and a zero percentage for liabilities to assets, reflecting a solid financial foundation.
However, there are notable limitations in terms of accountability practices. Key policies such as a conflict of interest policy, whistleblower policy, and document retention policy are missing, which may raise concerns about the organization's governance. Additionally, the lack of a listed website on its tax form may affect its transparency and accessibility to potential donors.
Overall, while Union Rural Electric Trust Inc demonstrates strong financial health, the absence of critical governance practices suggests that stakeholders should carefully consider these factors when engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Union Rural Electric Trust Inc legitimate?
Union Rural Electric Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Union Rural Electric 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.
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
What is the mission statement of Union Rural Electric Trust Inc?
Union Rural Electric Trust Inc's mission is centered around providing aid to charitable organizations and individuals in need. Their primary objective is to offer financial assistance for charitable purposes, specifically focusing on essential needs such as food, shelter, equipment, clothing, and health and educational resources. By doing so, they aim to make a positive impact in various aspects of people's lives, ultimately striving to improve their overall well-being.
What is the revenue of Union Rural Electric Trust Inc?
Union Rural Electric Trust Inc's revenue in 2023 was $31,812.
Who are the executives of Union Rural Electric Trust Inc and what are their salaries?
There 7 volunteers at Union Rural Electric Trust Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Union Rural Electric Trust Inc?
Union Rural Electric Trust Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Union Rural Electric Trust Inc
Union Rural Electric Trust Inc is a nonprofit organization that is dedicated to providing assistance for charitable purposes. Its mission is to distribute funds to both charitable organizations and needy individuals. This assistance is aimed at meeting various essential needs, such as food, shelter, equipment, clothing, and educational resources. Furthermore, Union Rural Electric Trust Inc also focuses on providing healthcare necessities, ensuring that individuals and communities in need have access to the necessary medical care. By doing so, the organization plays a significant role in improving the overall well-being of those it supports.
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Impact
August, 2024
Union Rural Electric Trust Inc's impact is felt directly in the community of Marysville, OH, where it provides essential funds to charitable organizations and individuals in need. By focusing on supporting initiatives related to food, shelter, equipment, clothing, health, and education, the organization plays a crucial role in improving the lives of those facing hardships and challenges. Through its charitable contributions, Union Rural Electric Trust Inc positively impacts the well-being and welfare of individuals and the overall community, making a significant difference in the lives of those it serves.
This information is meant to be a general summary of Union Rural Electric 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 2023.
- Investment Income: $3
- Gross Receipts: $31,812
Assets and Liabilities:
- Total Assets: $13,071
- Total Liabilities: $0
- Net Assets: $13,071
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Organization Details
Founding Year
1998
Principal Officer
Jeff Grose
NTEE Category
Code: S20 - Community improvement
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