Overview
What is Albert Rees Davis Endowment Fund Inc?
The Albert Rees Davis Endowment Fund Inc is a nonprofit organization that focuses on charitable and educational music activities. Its primary mission is to provide financial aid and support to male choruses and music students, aiming to advance their education and contribute to the broader music field. The organization also offers scholarships to deserving music students and extends its support to the Singer's Club of Cleveland, furthering their objectives in the realm of music.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60%, Two-Star out of Four Star rating.
The Albert Rees Davis Endowment Fund Inc receives a low rating reflecting concerns in several areas of governance. With an overall score of 60%, the organization has no independent board members, which raises questions about its accountability and oversight. While it has demonstrated a strong program expense ratio of 94.62%, indicating efficient use of funds towards its mission, the lack of independent oversight is notable.
The endowment fund is compliant in areas such as having a conflict of interest policy and maintaining board meeting minutes, but it falls short in critical governance structures. Missing policies for whistleblower protection and document retention suggest potential vulnerabilities in its operational practices. Additionally, the charity's website does not contain important tax documents, which further impacts transparency and accessibility to information for stakeholders.
Overall, while the Albert Rees Davis Endowment Fund Inc effectively allocates a large portion of its funds to programs, significant improvements in governance and transparency are necessary to increase its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Albert Rees Davis Endowment Fund Inc legitimate?
Albert Rees Davis Endowment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Albert Rees Davis Endowment Fund Inc 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
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What is the mission statement of Albert Rees Davis Endowment Fund Inc?
The Albert Rees Davis Endowment Fund Inc has a mission to provide support for various charitable and educational activities in the realm of music. Particular emphasis is given to male choruses, and the fund also offers scholarships to aspiring music students. The organization's primary goal is to contribute funds to aid in these music-related initiatives, aiming to foster growth and learning within the field. Additionally, the fund extends its support to the Singer's Club of Cleveland.
What is the revenue of Albert Rees Davis Endowment Fund Inc?
Albert Rees Davis Endowment Fund Inc's revenue in 2024 was $113,739.
Who are the executives of Albert Rees Davis Endowment Fund Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Albert Rees Davis Endowment Fund Inc?
Albert Rees Davis Endowment Fund Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Albert Rees Davis Endowment Fund Inc
The Albert Rees Davis Endowment Fund is dedicated to contributing funds towards various charitable and educational activities within the realm of music. Its primary focus lies in supporting male choruses, yet it extends its reach to a wide array of music-related endeavors. In addition to this, the fund offers scholarships to aspiring music students, aiming to aid their educational pursuits in the field. By providing financial assistance for such activities, the Albert Rees Davis Endowment Fund seeks to foster growth and development in the world of music, while also nurturing the talents of the next generation of musicians.
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Impact
October, 2024
The Albert Rees Davis Endowment Fund Inc significantly impacts the musical landscape by providing vital financial support for charitable and educational activities, particularly those focused on male choruses. By offering scholarships to music students, it plays a crucial role in nurturing the next generation of musicians, ensuring they have the resources needed to pursue their education and artistic endeavors.
Additionally, the fund contributes to various music-related projects, enhancing community engagement in the arts. Its support for organizations like the Singer's Club of Cleveland fosters collaboration and growth within the local music scene, promoting the appreciation and performance of choral music. Overall, the endowment enriches the cultural life in Solon, OH, and beyond, creating opportunities for individuals passionate about music while preserving and promoting the art form for future audiences.
This information is meant to be a general summary of Albert Rees Davis Endowment Fund Inc. 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 2024.
- Investment Income: $10,911
- Gross Receipts: $116,696
Assets and Liabilities:
- Total Assets: $738,708
- Total Liabilities: $0
- Net Assets: $738,708
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Organization Details
Founding Year
1960
Principal Officer
Joseph L Wiltsie
NTEE Category
Code: Z99 - Unknown
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