Overview
What is Dudley P Allen No 3 Fd 8?
Dudley P Allen No 3 Fd 8 is a nonprofit entity, specifically a trust, with a primary mission of providing financial support to the Cleveland Museum of Art. Located in Brooklyn, Ohio, the trust distributes its income to the museum, primarily for the purpose of acquiring various works of art. The appointed trustee, currently KeyBank N.A., follows guidelines outlined in the trust instrument dated September 24, 1915, to make these grant distributions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
Dudley P Allen No 3 Fd 8 has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The score is based solely on the Accountability & Finance beacon, where it scored poorly in key areas, such as having no independent board members and missing several critical policies, including a conflict of interest policy and a whistleblower policy.
Despite these weaknesses, the organization does have a strong program expense ratio of 92.42%, suggesting that a substantial portion of its funds is directed towards its programs rather than overhead costs. However, the absence of a website listed on its tax form and missing documentation for transparency raises red flags about its operational practices and governance.
Overall, while Dudley P Allen No 3 Fd 8 demonstrates effective program spending, the lack of independent oversight and critical policy documentation compromises its overall accountability, warranting caution for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Dudley P Allen No 3 Fd 8 legitimate?
Dudley P Allen No 3 Fd 8 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dudley P Allen No 3 Fd 8 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: $4,361
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Dudley P Allen No 3 Fd 8?
The organization Dudley P Allen No 3 Fd 8, following the guidelines set in the trust instrument dated September 24, 1915, grants funds to the Cleveland Museum of Art. The appointed trustee, currently KeyBank N.A., utilizes these funds primarily for the purpose of purchasing works of art. The trust's income is consistently distributed to the Cleveland Museum of Art, thereby supporting their artistic acquisitions. The mission of Dudley P Allen No 3 Fd 8 can be summarized as providing financial assistance to the Cleveland Museum of Art for the procurement of art pieces. The trust's primary objective is to enrich the museum's collection, contributing to the appreciation and promotion of art.
Who is the CEO of Dudley P Allen No 3 Fd 8?
Unavailable
What is the revenue of Dudley P Allen No 3 Fd 8?
Dudley P Allen No 3 Fd 8's revenue in 2022 was $59,689.
Who are the executives of Dudley P Allen No 3 Fd 8 and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $4,361
- Related: $0
- Other: $0
Where can I find the form 990 for Dudley P Allen No 3 Fd 8?
Dudley P Allen No 3 Fd 8's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Dudley P Allen No 3 Fd 8
Dudley P Allen No 3 Fd 8, as per its trust instrument dated September 24, 1915, is a charitable entity that carries out its mission through Keybank N.A., its appointed trustee. The primary objective of Dudley P Allen No 3 Fd 8 is to provide financial support to the Cleveland Museum of Art. This support is specifically earmarked for the acquisition of various works of art. By distributing its income in this manner, Dudley P Allen No 3 Fd 8 contributes to the enrichment and expansion of the Cleveland Museum of Art's art collection. The organization's mission is vital in promoting art appreciation and education, allowing the museum to share these artistic treasures with a wider audience.
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Impact
October, 2024
Dudley P Allen No 3 Fd 8 plays a significant role in enhancing the cultural landscape of Cleveland through its dedicated support of the Cleveland Museum of Art. By providing grants specifically for the acquisition of artwork, the trust ensures that the museum can continue to expand its collection, allowing for a diverse representation of artistic styles and periods.
This funding enables the museum to not only purchase historically significant pieces but also to promote contemporary artists, thus fostering an appreciation for the arts within the community. The impact of these grants extends beyond mere acquisitions; they contribute to educational programs, exhibitions, and public engagement activities, enriching the cultural fabric of the region.
Since its establishment in 1915, the trust has facilitated a lasting legacy of artistic growth and accessibility, ensuring that the museum remains a vital resource for both residents and visitors. The ongoing financial support underscores the importance of philanthropy in sustaining and advancing the arts, ultimately enhancing the overall cultural vitality of Cleveland.
This information is meant to be a general summary of Dudley P Allen No 3 Fd 8. 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: $59,689
- Gross Receipts: $121,113
Assets and Liabilities:
- Total Assets: $1,252,228
- Total Liabilities: $0
- Net Assets: $1,252,228
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Organization Details
Founding Year
1915
Phone
(216) 689-7538Main Address
4900 TIEDEMAN ROAD OH-01-49-0381, BROOKLYN, OH, 44144
NTEE Category
Code: A51 - Arts
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