Overview
What is The John Huntington Art And Polytechnic Trust?
The John Huntington Art and Polytechnic Trust is a nonprofit organization located in Cleveland, Ohio, with the US address at 11150 East Boulevard, 44106. This charitable entity contributes funds towards the operating expenses of the Cleveland Museum of Art, which is tax-exempt under IRC Section 501(C)(3) and has non-private foundation status under IRC Section 179(B)(1)(A)(VI). In simpler terms, the trust supports the operational activities of the Cleveland Museum of Art.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The John Huntington Art And Polytechnic Trust has received a Two-Star out of Four Star rating from Charity Navigator, indicating that the organization requires improvements in its accountability and financial practices. While the trust has a solid program expense ratio of 85.74%, which suggests that a significant portion of its funding goes directly to its programs, it falls short in transparency with missing financial statements and several key policies, such as conflict of interest and whistleblower policies.
The organization's governance structure is notably strong, with a fully independent board, which is a positive aspect in terms of oversight. However, the lack of public documentation, including tax forms and website presence, raises concerns about its accountability and accessibility to stakeholders and potential donors. The 0.00% liabilities to assets ratio indicates that the organization is not over-leveraged, which is a strength.
Despite these positives, the overall lack of financial documentation and policies highlights areas needing attention. For potential supporters and donors, this suggests a need for caution and a call for the organization to enhance its transparency to better serve its mission and build trust within the community.
This AI summary has been generated from information found on Charity Navigator.
Is The John Huntington Art And Polytechnic Trust legitimate?
The John Huntington Art And Polytechnic Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. The John Huntington Art And Polytechnic 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.
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What is the mission statement of The John Huntington Art And Polytechnic Trust?
The John Huntington Art and Polytechnic Trust is a philanthropic organization dedicated to upholding the operations of the Cleveland Museum of Art. Through financial contributions, it supports the tax-exempt institution, which falls under IRC Section 501(C)(3) and possesses non-private foundation status according to IRC Section 179(B)(1)(A)(VI). The Trust's primary goal is to ensure the continuity and success of the museum by providing essential funds for its everyday expenses. By doing so, it enables the museum to continue showcasing its vast collection and offering educational programs to the public. The Trust's commitment to the Cleveland Museum of Art underpins its belief in the transformative power of art and its significance in fostering cultural understanding and appreciation.
What is the revenue of The John Huntington Art And Polytechnic Trust?
The John Huntington Art And Polytechnic Trust's revenue in 2024 was $11,634,714.
Who are the executives of The John Huntington Art And Polytechnic Trust and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for The John Huntington Art And Polytechnic Trust?
The John Huntington Art And Polytechnic Trust's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The John Huntington Art And Polytechnic Trust
The John Huntington Art and Polytechnic Trust is a philanthropic organization dedicated to supporting the operations of the Cleveland Museum of Art. In simpler terms, this Trust's mission revolves around providing financial resources to keep the Cleveland Museum of Art functioning effectively. As a tax-exempt entity under IRC Section 501(C)(3) and a non-private foundation under IRC Section 179(B)(1)(A)(VI), the Trust's activities are geared towards ensuring the continued success and growth of the renowned art museum.
By contributing funds towards the operating expenses of the Cleveland Museum of Art, the John Huntington Art and Polytechnic Trust plays a vital role in preserving the institution's rich collections and providing access to these treasures for the public. The Trust's commitment extends beyond just financial support, as it helps maintain the Museum's commitment to innovation and educational programs. With its unwavering dedication, the John Huntington Art and Polytechnic Trust ensures that the Cleveland Museum of Art remains a beacon for art lovers and an essential cultural resource in the community.
The Trust's involvement ensures that the Cleveland Museum of Art can continue to deliver on its promise to engage, educate, and inspire visitors from all walks of life. By providing essential funds, the John Huntington Art and Polytechnic Trust enables the Museum to invest in its programs and infrastructure, maintain its collections, and offer educational opportunities for the next generation of art enthusiasts. In doing so, the Trust enhances the Cleveland Museum of Art's role as a leading cultural institution and a vital part of the city's cultural landscape.
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Impact
October, 2024
The John Huntington Art and Polytechnic Trust significantly impacts the cultural landscape of Cleveland by providing essential financial support for the operations of the Cleveland Museum of Art. This funding enables the museum to fulfill its mission of delivering high-quality art exhibitions and educational programs, enriching the community's appreciation for the arts. By contributing to the museum's operating expenses, the Trust helps to ensure that it remains a vibrant destination for both residents and visitors, fostering an environment where art and creativity flourish. The Trust's support plays a crucial role in maintaining the museum's long-term sustainability, allowing it to continue its legacy of education, inspiration, and public engagement in the arts.
This information is meant to be a general summary of The John Huntington Art And Polytechnic 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 2024.
- Investment Income: $3,719,101
- Gross Receipts: $86,268,942
Assets and Liabilities:
- Total Assets: $147,296,435
- Total Liabilities: $0
- Net Assets: $147,296,435
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Organization Details
Founding Year
1893
Principal Officer
Russell J Klimczuk
NTEE Category
Code: A510 - Arts
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