Overview
What is Holden Arboretum Trust?
The Holden Arboretum Trust, with its address in Brooklyn, Ohio, is a nonprofit organization dedicated to furthering charitable, educational, and scientific purposes. Specifically, it supports the Holden Arboretum, distributing its profits to cater to the organization's mission. The Trust operates with a responsive approach, ensuring its grants align with the Arboretum's needs and objectives. The Trust Agreement dated December 29, 1987, between the Holden Arboretum and Keybank, N.A., as Trustee, governs its operations. The Trust is organized and operated exclusively for the benefit of the Arboretum to carry out its charitable, educational, and scientific purposes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52% (One-Star out of Four Stars)
Holden Arboretum Trust has received a rating of 52% from Charity Navigator, which indicates significant concerns regarding its accountability and financial practices. The one-star rating highlights the absence of independent board members and the lack of essential financial transparency, such as missing financial statements and tax forms on its website. These factors contribute to the overall low score in the Accountability & Finance category.
Despite these limitations, the organization demonstrates a strong commitment to its mission, reflected in a high program expense ratio of 94.91%. This suggests that a substantial portion of its resources is dedicated directly to its programs, rather than administrative costs. However, the lack of proper governance policies, such as conflict of interest and whistleblower policies, raises questions about its operational integrity and oversight.
Overall, while Holden Arboretum Trust is active in its programs, the critical gaps in governance and financial transparency could pose risks to its sustainability and effectiveness. Stakeholders may want to closely evaluate the organization’s practices before engaging or donating.
This AI summary has been generated from information found on Charity Navigator.
Is Holden Arboretum Trust legitimate?
Holden Arboretum Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holden Arboretum 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $254,313
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Holden Arboretum Trust?
The Holden Arboretum Trust, organized and operated exclusively for charitable, educational, and scientific purposes, aims to distribute its net income to further the goals of the Arboretum. The Trust is dedicated to performing the functions and carrying out the charitable, educational, and scientific purposes of the Arboretum. Keybank, as Trustee, shows a responsiveness to the needs and activities of the beneficiary organization, working together to achieve the Arboretum's mission.
Who is the CEO of Holden Arboretum Trust?
Unavailable
What is the revenue of Holden Arboretum Trust?
Holden Arboretum Trust's revenue in 2022 was $5,957,269.
Who are the executives of Holden Arboretum Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $254,313
- Related: $0
- Other: $0
Where can I find the form 990 for Holden Arboretum Trust?
Holden Arboretum Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Holden Arboretum Trust
The Holden Arboretum Trust, a charitable organization, is dedicated to furthering the educational, scientific, and charitable purposes of the Holden Arboretum. As outlined in a trust agreement dated December 29, 1987, the Trust's net income is distributed to support the Arboretum's mission. The Trust operates exclusively for these purposes, aiming to execute the functions and carry out the charitable, educational, and scientific goals of the Arboretum. Keybank, the Trust's administrator, demonstrates a commitment to the Arboretum's needs and activities, ensuring the attainment of its mission. The Trust's activities are geared towards the betterment of the Arboretum, working in harmony to achieve its charitable, educational, and scientific objectives.
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Impact
June, 2024
Holden Arboretum Trust's impact is centered around supporting charitable, educational, and scientific endeavors aimed at benefitting and advancing the mission of the Holden Arboretum. Through grants paid according to the Trust Agreement, the trust plays a crucial role in enabling the Arboretum to carry out its important work. Keybank, as the Trustee, maintains a responsiveness to the needs and activities of the beneficiary organization, ensuring that resources are effectively utilized in pursuit of the Arboretum's goals. This support ultimately contributes to the preservation and promotion of the environment, aligning with the trust's dedication to charitable causes in the realm of nature conservation.
This information is meant to be a general summary of Holden Arboretum 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 2022.
- Investment Income: $3,734,406
- Gross Receipts: $15,605,191
Assets and Liabilities:
- Total Assets: $70,540,492
- Total Liabilities: $0
- Net Assets: $70,540,492
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Organization Details
Founding Year
1987
Phone
(216) 689-7663Main Address
4900 TIEDEMAN ROAD OH-01-49-0381, BROOKLYN, OH, 44144
NTEE Category
Code: C410 - Environment
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