Overview
What is Upson Dennis A Tw?
Upson Dennis A Tw appears to be associated with a trust that distributes grants to various charitable organizations in Cleveland, Ohio, as per a trust agreement from 1949. These organizations include Cleveland Clinic - St. Jones Health Center, University Hospitals, St. Vincent Charity Hospital, Center for Families and Children, Cleveland Foundation, and St. Alexis' Hospital. The trust makes quarterly distributions, with 90% of the net income allocated to these charities for uses and purposes deemed appropriate by their respective boards. If any of these beneficiaries merge with or succeed another organization within the Cleveland area, the new organization will inherit their share of the trust's income.
Is Upson Dennis A Tw legitimate?
Upson Dennis A Tw is a legitimate nonprofit organization registered as a 501(c)(3) entity. Upson Dennis A Tw 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: $96,831
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Upson Dennis A Tw?
Upson Dennis A Tw's mission, as outlined in the trust agreement of October 14, 1949, focuses on distributing 90% of its net income in equal quarterly installments to several charities. These charities include University Hospitals, St. Vincent Charity Hospital, Cleveland Clinic - St. Jones Health Center, Center for Families and Children, Cleveland Foundation, and St. Alexis' Hospital. The funds are intended for uses and purposes deemed wise by the respective boards of trustees or financial officers of these charities. In the event of a beneficiary's succession, merger, or cessation of function, the successor or merged organization takes over the share of the income provided for the ceased beneficiary. The mission does not specify a specific mission statement for Upson Dennis A Tw, but rather outlines the distribution of funds to the mentioned charities.
Who is the CEO of Upson Dennis A Tw?
Unavailable
What is the revenue of Upson Dennis A Tw?
Upson Dennis A Tw's revenue in 2022 was $1,456,292.
Who are the executives of Upson Dennis A Tw and what are their salaries?
There is 1 key member and their salary:
- Compensation: $96,831
- Related: $0
- Other: $0
Where can I find the form 990 for Upson Dennis A Tw?
Upson Dennis A Tw's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Upson Dennis A Tw
Upson Dennis A Tw, through its trust agreement dated October 14, 1949, is designed to distribute 90% of its net income quarterly in equal installments to six specified charities: University Hospitals, St. Vincent Charity Hospital, Cleveland Clinic - St. Jones Health Center, Center for Families and Children, Cleveland Foundation, and St. Alexis' Hospital. These beneficiaries are granted the flexibility to utilize the funds for purposes that their respective boards of trustees or financial officers deem wise. The agreement also includes a provision stating that if any of these beneficiaries were to cease functioning, a successor or merged organization situated in Cleveland, Ohio, or its vicinity would take their place and inherit their share of the trust estate's income.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Upson Dennis A Tw has a significant impact on the healthcare and social services landscape in Cleveland, Ohio, through its structured grant distribution model. Established by a trust agreement in 1949, 90% of the net income generated by the trust is allocated quarterly to key beneficiaries, which include prominent institutions such as University Hospitals, St. Vincent Charity Hospital, Cleveland Clinic - St. Jones Health Center, and several other charities and foundations.
This consistent flow of funds enables these organizations to carry out their missions and serve the community effectively. The grants are tailored to meet the evolving needs as determined by the boards of trustees or financial officers of the recipient organizations, allowing for a responsive and adaptive approach to community challenges.
Furthermore, the trust allows for the continuation of support even if beneficiary organizations merge or change, ensuring that the financial resources are effectively redirected to organizations that continue to serve the Cleveland area. This stability promotes long-term planning and enhances the ability of these institutions to provide quality healthcare and social services. Overall, Upson Dennis A Tw plays a crucial role in sustaining essential community services in the region.
This information is meant to be a general summary of Upson Dennis A Tw. 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: $1,397,696
- Gross Receipts: $1,871,940
Assets and Liabilities:
- Total Assets: $14,518,057
- Total Liabilities: $0
- Net Assets: $14,518,057
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1949
Phone
(216) 689-7663Main Address
4900 TIEDEMAN ROAD OH-01-49-0381, BROOKLYN, OH, 44144
NTEE Category
Code: T00 - Philanthropy
If you are a representative of Upson Dennis A Tw and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.