Overview
What is Oglebay Park-Oglebay Institute Trust?
Oglebay Park-Oglebay Institute Trust is a nonprofit organization situated in Brooklyn, Ohio. Its primary mission is to provide financial support to the Wheeling Park Commission, specifically for preserving, maintaining, and enhancing the Mansion Museum at Oglebay Park. This cultural attraction is intended for public appreciation. KeyBank, serving as the trustee, distributes funds according to the trust agreement from July 28, 1977. The grants, totaling 100%, are allocated to the Oglebay Foundation, which focuses on the preservation and improvement of the Mansion Museum and the cultural activities, as well as outdoor nature and recreation programs at Oglebay Institute at Oglebay Park. KeyBank remains responsive to the needs and activities of the Oglebay Foundation in achieving its objectives.
Is Oglebay Park-Oglebay Institute Trust legitimate?
Oglebay Park-Oglebay Institute Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oglebay Park-Oglebay Institute 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: $72,480
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Oglebay Park-Oglebay Institute Trust?
The Oglebay Park-Oglebay Institute Trust's mission is primarily focused on providing financial support to the Oglebay Foundation. This funding is utilized for the preservation, maintenance, and enhancement of the Mansion Museum at Oglebay Park. Additionally, the funds contribute to the cultural activities and outdoor nature and recreation programs offered by the Oglebay Institute at Oglebay Park. KeyBank, serving as the trustee, is responsive to the needs and activities of the Oglebay Foundation, ensuring the continuation of its mission. The beneficiary organization holds the right to remove the trustee and has the authority to direct or approve investments. The trustee also has the authority to amend the document to maintain its qualification as a 509A3 organization. KeyBank maintains a responsiveness to the needs and activities of each beneficiary organization in the pursuit of its mission.
Who is the CEO of Oglebay Park-Oglebay Institute Trust?
Unavailable
What is the revenue of Oglebay Park-Oglebay Institute Trust?
Oglebay Park-Oglebay Institute Trust's revenue in 2022 was $609,601.
Who are the executives of Oglebay Park-Oglebay Institute Trust and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $42,480
- Related: $0
- Other: $0
Where can I find the form 990 for Oglebay Park-Oglebay Institute Trust?
Oglebay Park-Oglebay Institute Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Oglebay Park-Oglebay Institute Trust
Oglebay Park-Oglebay Institute Trust is an organization that distributes funds according to a trust agreement dated July 28, 1977. KeyBank, acting as the trustee, makes distributions to the Oglebay Foundation, with the primary purpose being the preservation, maintenance, and enhancement of the Mansion Museum at Oglebay Park. Furthermore, the funds support the cultural activities and outdoor nature and recreation programs of Oglebay Institute at Oglebay Park. KeyBank maintains responsiveness to the needs and activities of the Oglebay Foundation in achieving its mission. It's worth noting that the recipient organization has the right to remove the trustee and the authority to direct or approve investments. The trustee also has the authority to amend the document to ensure the continuation of qualifying as a 509A3 organization. In summary, Oglebay Park-Oglebay Institute Trust plays a crucial role in supporting the preservation and enhancement of the Mansion Museum and the cultural and recreational programs at Oglebay Park, responding to the needs and activities of the Oglebay Foundation to achieve its mission.
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Impact
October, 2024
Oglebay Park-Oglebay Institute Trust significantly impacts the preservation and enhancement of cultural and recreational resources in the Oglebay Park area. By distributing grants primarily to the Oglebay Foundation, it supports the maintenance of the Mansion Museum and various cultural activities. These grants ensure that the Mansion Museum remains a vital part of the community, facilitating public appreciation of local history and culture.
In addition to preserving historic structures, the trust funds outdoor nature and recreation programs offered by Oglebay Institute, enriching the community’s access to nature and outdoor activities. This combination of cultural and recreational support fosters a holistic appreciation for the arts and the natural environment, enhancing the quality of life for residents and visitors alike. By responding to the evolving needs of its beneficiaries, the trust plays a crucial role in sustaining and improving these vital community resources.
This information is meant to be a general summary of Oglebay Park-Oglebay Institute 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: $600,757
- Gross Receipts: $1,529,117
Assets and Liabilities:
- Total Assets: $7,552,243
- Total Liabilities: $0
- Net Assets: $7,552,243
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Organization Details
Founding Year
1977
Phone
(216) 689-5617Main Address
4900 TIEDEMAN ROAD OH-01-49-0381, BROOKLYN, OH, 44144
NTEE Category
Code: N11 - Recreation
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