Overview
What is Sharon Community Trusts?
Sharon Community Trusts is a community-focused nonprofit organization situated in Sharon Center. Their primary role is to distribute essential funds to various local organizations, with the ultimate goal of positively impacting the community at large. As a community trust, Sharon Community Trusts plays a significant role in supporting the overall development and well-being of its local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
Sharon Community Trusts has received a moderate rating, indicating that while it demonstrates some strengths in governance and financial health, there are areas that could be improved. The organization boasts a fully independent board, which is a positive indicator of its commitment to accountability, achieving full points in this area. Additionally, it has a strong program expense ratio, indicating that a significant portion of its funds is directed towards its programs.
Despite these strengths, the overall Two-Star rating suggests that there are aspects of the Trust's operations that may not fully meet best practices in nonprofit management. While its financial stability is evident as shown by a 0% liabilities to assets ratio, the organization could improve in areas that affect its overall rating. Continued focus on transparency and enhancing its operational practices could benefit its future assessments and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Sharon Community Trusts legitimate?
Sharon Community Trusts is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sharon Community Trusts 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 Sharon Community Trusts?
Sharon Community Trusts, functioning as a community trust, is dedicated to supporting various organizations. Its mission is geared towards enhancing the well-being of the community as a whole. The trust provides essential funds to numerous organizations, aiming to make a significant impact in the community. The primary objective of Sharon Community Trusts is to contribute positively to the community it serves.
Who is the CEO of Sharon Community Trusts?
John Leach is the President of Sharon Community Trusts.
What is the revenue of Sharon Community Trusts?
Sharon Community Trusts's revenue in 2023 was $160,409.
Who are the executives of Sharon Community Trusts and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Sharon Community Trusts?
Sharon Community Trusts's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Sharon Community Trusts
Sharon Community Trusts, as a community trust, is committed to advancing the well-being of its community. Their mission is geared towards distributing essential funds to various organizations within Sharon Center. This nonprofit organization has a strong focus on contributing positively to the community as a whole, aiming to create a collective improvement in the lives of its residents. By providing financial support to various organizations, Sharon Community Trusts plays a significant role in fostering development and progress in the community.
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Impact
October, 2024
Sharon Community Trusts significantly impacts Sharon Center by providing essential financial support to various local organizations, fostering community development and enhancing quality of life. Its commitment to benevolent philanthropy allows these organizations to thrive, addressing critical needs and supporting initiatives that benefit residents. By facilitating funding and resources, Sharon Community Trusts promotes collaboration and growth within the community, ensuring that the diverse needs of its members are met and enhancing the overall well-being of the area. The trust plays a pivotal role in strengthening community bonds and creating a resilient environment where individuals and organizations can flourish.
This information is meant to be a general summary of Sharon Community Trusts. 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: $142,959
- Gross Receipts: $279,317
Assets and Liabilities:
- Total Assets: $685,244
- Total Liabilities: $0
- Net Assets: $685,244
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Organization Details
Phone
(330) 604-9559Principal Officer
John Leach
Main Address
PO BOX 91, SHARON CENTER, OH, 442740091
NTEE Category
Code: T31 - Philanthropy
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