Overview
What is Holden Parks Ta?
Holden Parks Ta is a nonprofit entity, with its headquarters located at 4900 Tiedeman Road, Brooklyn, Ohio 44144. The organization's primary focus is on providing financial support to the Cleveland Museum of Art and the Gardencenter of Greater Cleveland, with the aim of enhancing, beautifying, and adorning the parks of Cleveland, Ohio. KeyBank, serving as the trustee, makes these distributions according to a trust agreement from January 6, 1988. Under the Ohio Institutional Trust Funds Act of 1999, the beneficiaries opt for receiving the maximum income, either 5% of adjusted net income (AFV) or traditional income. KeyBank maintains a responsiveness to the needs and activities of each beneficiary organization in achieving its mission.
Is Holden Parks Ta legitimate?
Holden Parks Ta is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holden Parks 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: $47,604
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Holden Parks Ta?
The mission of Holden Parks Ta, as outlined in its trust agreement, involves providing grants to support the Cleveland Museum of Art and the Garden Center of Greater Cleveland. The primary objective is to improve, beautify, and adorn the surrounding parks. The beneficiaries, under the Ohio Institutional Trust Funds Act of 1999, opt for the maximum income, either 5% of the adjusted fund value or traditional income. KeyBank, as the trustee, ensures responsiveness to the needs and activities of each beneficiary organization, aiding them in achieving their respective missions. Notably, the charity has the right to remove the trustee with a majority vote of the distribution committee.
Who is the CEO of Holden Parks Ta?
Unavailable
What is the revenue of Holden Parks Ta?
Holden Parks Ta's revenue in 2022 was -$32,477.
Who are the executives of Holden Parks Ta and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $47,604
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Holden Parks Ta?
Holden Parks Ta's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Holden Parks Ta
Holden Parks Ta, as per the trust agreement dated January 6, 1988, is a charitable entity that distributes funds to two beneficiary organizations, University Circle, Inc., which supports the Cleveland Museum of Art and the Garden Center of Greater Cleveland. The primary purpose of these distributions is to enhance, embellish, and beautify the surrounding parks. In line with the Ohio Institutional Trust Funds Act of 1999, the beneficiaries opt for the maximum income, either 5% of the adjusted fund value or traditional income. KeyBank, serving as the trustee, maintains a responsive approach towards the needs and activities of each beneficiary organization, ensuring they achieve their respective missions effectively. It's worth noting that the charity possesses the authority to remove the trustee by a majority vote of the distribution committee.
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Impact
October, 2024
Holden Parks Ta significantly enhances the cultural and recreational landscape of Cleveland through targeted financial support. By making grants to University Circle, Inc., it bolsters initiatives at esteemed institutions like the Cleveland Museum of Art and the Garden Center of Greater Cleveland. These funds are specifically allocated to improve, beautify, and adorn the surrounding parks, creating a more inviting and aesthetically pleasing environment for residents and visitors alike.
The financial backing under the trust agreement allows for strategic investments in public spaces, ensuring that these areas remain vibrant and accessible. KeyBank serves as a trustee, responsibly distributing resources and actively responding to the evolving needs of its beneficiaries. This collaboration not only supports artistic and horticultural endeavors but also fosters community engagement and enhances the quality of life in the region.
By adhering to a model that prioritizes maximizing income based on established financial criteria, Holden Parks Ta ensures sustainability in its contributions. The impact is not merely financial; it enriches community experiences, cultivates appreciation for the arts and nature, and promotes recreational activities in well-maintained parks. This comprehensive support structure is crucial for maintaining the cultural integrity and beauty of Cleveland's public spaces.
This information is meant to be a general summary of Holden Parks 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: -$32,477
- Gross Receipts: $393,514
Assets and Liabilities:
- Total Assets: $6,036,329
- Total Liabilities: $0
- Net Assets: $6,036,329
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Organization Details
Founding Year
1988
Phone
(216) 689-7663Main Address
4900 TIEDEMAN ROAD OH-01-49-0381, BROOKLYN, OH, 44144
NTEE Category
Code: N32I - Recreation
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