Overview
What is Sd Opera Assoc Endow Tr Tai?
Sd Opera Assoc Endow Tr Tai is a nonprofit organization, identified by its PO Box address in Phoenix, Arizona. The primary function of this organization is to generate income through contributions, which is then channeled towards supporting the San Diego Opera Association. This association uses the funds for its exempt purposes, likely to promote and advance opera performances and related activities. The specifics of the San Diego Opera Association's activities are not provided in the information, but they are generally associated with the world of opera, such as performances, educational programs, and community outreach.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star rating)
The San Diego Opera Association Endowment Trust (EIN: 330519746) has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The overall score is based solely on the Accountability & Finance beacon, which has a score of 67%. This suggests that while the organization manages its program expenses effectively, there are significant areas for improvement in governance practices.
One notable strength is the high program expense ratio of 86.54%, indicating that a significant portion of its resources is directed towards its mission-related activities rather than administrative costs. Additionally, the organization has a good score for its liabilities to assets ratio, reflecting financial stability. However, the lack of independent board members raises concerns about governance and oversight, which can impact the organization's accountability.
Limitations in the governance aspect include missing website listings and policies related to whistleblower protections. Specifically, the organization has no independent board members, which could affect decision-making processes and transparency. These factors contribute to the overall Two-Star rating, highlighting the need for improvements in governance to enhance credibility and trustworthiness within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Sd Opera Assoc Endow Tr Tai legitimate?
Sd Opera Assoc Endow Tr Tai is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sd Opera Assoc Endow Tr Tai 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: $29,758
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Sd Opera Assoc Endow Tr Tai?
The mission of Sd Opera Assoc Endow Tr Tai, as stated in its description, is to generate income from contributions, which is then distributed to support the San Diego Opera Association for its exempt purposes. This support aids the opera association in its operations and furtherance of its objectives. The specific activities or mission of the San Diego Opera Association are not provided in the given information, but it can be inferred that the association operates in the field of performing arts, specifically opera, and uses the funds from Sd Opera Assoc Endow Tr Tai for its exempt activities. The exact nature and scope of these activities are not detailed in the provided information.
Who is the CEO of Sd Opera Assoc Endow Tr Tai?
Mufg Union Bank N A is the Trustee of Sd Opera Assoc Endow Tr Tai.
What is the revenue of Sd Opera Assoc Endow Tr Tai?
Sd Opera Assoc Endow Tr Tai's revenue in 2022 was $197,286.
Who are the executives of Sd Opera Assoc Endow Tr Tai and what are their salaries?
There is 1 key member and their salary:
- Compensation: $29,758
- Related: $0
- Other: $0
Where can I find the form 990 for Sd Opera Assoc Endow Tr Tai?
Sd Opera Assoc Endow Tr Tai's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sd Opera Assoc Endow Tr Tai
The San Diego Opera Association Endowment Trust Tai's mission revolves around utilizing the income generated from contributions to support the San Diego Opera Association in its exempt purposes. This means that the funds raised are directed towards furthering the objectives and activities of the San Diego Opera Association, a nonprofit organization dedicated to the world of opera. The Association's exempt purposes could encompass various operational costs, such as producing and presenting opera performances, educational programs, and community outreach initiatives, among others. The income earned through contributions serves as a crucial resource for the San Diego Opera Association to carry out its mission and provide opera enthusiasts with enriching experiences.
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Impact
October, 2024
Sd Opera Assoc Endow Tr Tai supports the San Diego Opera Association by distributing income earned from contributions. This funding is essential for the opera association to fulfill its mission and enhance its artistic offerings. By providing financial resources, Sd Opera Assoc Endow Tr Tai plays a crucial role in sustaining the organization's activities, enabling it to present high-quality performances and engage the community in the arts. The impact extends beyond immediate financial support; it fosters cultural enrichment and contributes to the vibrancy of the arts scene in San Diego.
This information is meant to be a general summary of Sd Opera Assoc Endow Tr Tai. 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: $197,286
- Gross Receipts: $317,851
Assets and Liabilities:
- Total Assets: $3,546,512
- Total Liabilities: $0
- Net Assets: $3,546,512
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Organization Details
Founding Year
1991
Phone
(213) 236-7327Principal Officer
Mufg Union Bank N A
Main Address
PO BOX 52007, PHOENIX, AZ, 85072
NTEE Category
Code: A6A0 - Arts
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