Overview
What is Junior League Of Cleveland Ta?
Junior League of Cleveland Ta is a nonprofit organization based in Brooklyn, Ohio, with an address at 4900 Tiedeman Road. The organization primarily receives grants for charitable and educational purposes, as outlined in a trust agreement between KeyBank and itself, dated November 29, 1988. The Ohio Institutional Trust Funds Act of 1999 allows the beneficiaries to receive the maximum income based on the greater of 5% of the adjusted net asset value (AFV) or traditional income. KeyBank is responsible for ensuring the needs and activities of the beneficiary are met in fulfilling its mission. The Junior League of Cleveland Ta has the authority to appoint Co-Trustees or Committee members and withdraw principal when necessary. The trustee also holds the authority to amend the document to maintain its status as a 509a3 organization.
Is Junior League Of Cleveland Ta legitimate?
Junior League Of Cleveland Ta is a legitimate nonprofit organization registered as a 501(c)(3) entity. Junior League Of Cleveland Ta 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: $7,654
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Junior League Of Cleveland Ta?
The Junior League of Cleveland Ta, as outlined in its Trust Agreement dated November 29, 1988, is committed to distributing funds for charitable and educational purposes. The beneficiaries of these grants opt for the maximum income, either based on 5% of the asset's fair market value (AFV) or traditional income, under the Ohio Institutional Trust Funds Act of 1999. The trustee, KeyBank, maintains a responsiveness to the needs and activities of each beneficiary, aiming to support their mission. The beneficiary organization holds the right to appoint co-trustees or committee members, withdraw principal, and authorize amendments to the document to ensure its continuation as a 509a3 entity. The mission of Junior League of Cleveland Ta, therefore, revolves around providing financial aid for charitable and educational purposes, while being responsive to the needs of its beneficiaries.
Who is the CEO of Junior League Of Cleveland Ta?
Stephanie W Dorsey is the President of Junior League Of Cleveland Ta.
What is the revenue of Junior League Of Cleveland Ta?
Junior League Of Cleveland Ta's revenue in 2022 was $43,095.
Who are the executives of Junior League Of Cleveland Ta and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $7,654
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Junior League Of Cleveland Ta?
Junior League Of Cleveland Ta's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Junior League Of Cleveland Ta
The Junior League of Cleveland, Ta, is a nonprofit organization that adheres to a mission outlined in a Trust Agreement dated November 29, 1988, with KeyBank serving as Trustee. According to this agreement, the League's grants are intended for charitable and educational purposes. Under the Ohio Institutional Trust Funds Act of 1999, the beneficiaries of these grants opt for the maximum income based on the greater of 5% of the adjusted net asset value (AFV) or traditional income. KeyBank ensures a responsive approach towards meeting the needs and activities of each beneficiary in accomplishing its mission. Notably, the beneficiary organization retains the authority to appoint Co-Trustees or Committee members, withdraw principal, and permit the Trustee to amend the document to maintain its qualification as a 509a3.
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Impact
October, 2024
The Junior League of Cleveland Ta significantly impacts the community through its grant-making activities, focused on charitable and educational purposes. Established under a Trust Agreement dating back to November 29, 1988, it collaborates closely with KeyBank to ensure that funds are allocated effectively. By utilizing the framework of the Ohio Institutional Trust Funds Act of 1999, it maximizes the potential income distribution to benefit various initiatives aimed at enhancing community well-being.
The organization plays a vital role in community improvement by responding directly to the needs of its beneficiaries and providing them with necessary resources. This flexibility allows for the appointment of Co-Trustees or committee members, ensuring diverse perspectives in decision-making. Furthermore, it retains the authority to withdraw principal when necessary, which enables ongoing adaptation to changing community needs.
Overall, the Junior League of Cleveland Ta's strategic grant-making supports a variety of projects and initiatives, fostering growth and positive change within the community it serves.
This information is meant to be a general summary of Junior League Of Cleveland Ta. 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: $43,095
- Gross Receipts: $256,709
Assets and Liabilities:
- Total Assets: $1,587,918
- Total Liabilities: $0
- Net Assets: $1,587,918
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Organization Details
Founding Year
1948
Phone
(216) 689-7663Principal Officer
Stephanie W Dorsey
Main Address
4900 TIEDEMAN ROAD OH-01-49-0381, BROOKLYN, OH, 44144
NTEE Category
Code: S80 - Community improvement
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