Overview
What is The Remnant Trust Inc?
The Remnant Trust Inc, situated in Indianapolis, Indiana, is a nonprofit organization with a singular mission. They are committed to preserving historically significant collections, books, manuscripts, and other antiquities, aiming to elevate educational standards and enhance public understanding of individual liberty and human dignity. The Remnant Trust makes these precious resources available for scholarly research and study, lending them to universities and educational institutions. Their goal is to inspire critical thinking and foster a deep appreciation for the groundbreaking ideas that have shaped human history, from the Earth to the stars. With a small yet dedicated team of one employee, they strive to uphold Emerson's thesis on man thinking, providing access to these great ideas for future generations to learn and grow from.
Official website here: www.remnanttrust.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, Two-Star out of Four Star rating. The Remnant Trust Inc has received a moderate rating from Charity Navigator, indicating some strengths in certain areas but also notable weaknesses in financial accountability and transparency. The overall score reflects a mix of positive governance practices, such as an entirely independent board, and concerning gaps in policies that are critical for good nonprofit management.
One of the organization's strengths lies in its governance structure, as it boasts 88% independent board members and no material diversion of assets. Additionally, the organization performs well in areas related to financial ratios, maintaining a low liabilities to assets ratio and a decent program expense ratio. These factors suggest responsible management of resources and a focus on programmatic spending.
However, significant limitations are present in the areas of policy documentation and transparency. The absence of a conflict of interest policy, whistleblower policy, and document retention policies raises concerns about the organization's commitment to accountability. Furthermore, the lack of publicly available tax documentation on their website could hinder stakeholders' ability to assess the nonprofit's financial health comprehensively. Overall, while The Remnant Trust Inc shows promise in governance, improvements are needed to enhance its accountability and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is The Remnant Trust Inc legitimate?
The Remnant Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Remnant Trust 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: $8,097
Other Salaries and Wages: $92,170
For more financial information, click here
Official website here: www.remnanttrust.org
What is the mission statement of The Remnant Trust Inc?
The Remnant Trust Inc's mission is centered around the preservation of historically significant collections, including books, manuscripts, and other antiquities. Their objective is to elevate educational standards and enhance the public's understanding of individual liberty and human dignity. They achieve this by making available, in their original forms, a collection of influential works that have shaped America's history. The goal is to inspire future generations to think deeply and act accordingly, echoing Ralph Waldo Emerson's thesis on man thinking. The Trust aspires to be a repository of great ideas, promoting reason and justice for all, where every individual can access these enduring assets.
Official website here: www.remnanttrust.org
Who is the CEO of The Remnant Trust Inc?
Chris Talley is the CEO of The Remnant Trust Inc The CEO's salary of The Remnant Trust Inc is $0 and their total compensation is $0.
Official website here: www.remnanttrust.org
What is the revenue of The Remnant Trust Inc?
The Remnant Trust Inc's revenue in 2023 was $427,346.
Official website here: www.remnanttrust.org
Who are the executives of The Remnant Trust Inc and what are their salaries?
The average compensation at The Remnant Trust Inc during 2023 was $46,085. There are 2 employees and 9 volunteers at The Remnant Trust Inc.
Here are 9 key members and their salaries (The Remnant Trust Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.remnanttrust.org
Where can I find the form 990 for The Remnant Trust Inc?
The Remnant Trust Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.remnanttrust.org
Learn more at the official website: www.remnanttrust.org
Mission Statement of The Remnant Trust Inc
The Remnant Trust Inc, a notable organization, is dedicated to preserving historically significant collections, including books, manuscripts, and other antiquities. Its mission goes beyond preservation; it aims to elevate educational standards and enhance the public's understanding of individual liberty and human dignity. By making these historic works available in their original form, The Remnant Trust Inc seeks to stimulate consciousness about the most influential documents that have shaped America's history. This approach is inspired by Ralph Waldo Emerson's thesis on man thinking, encouraging individuals to think profoundly and act accordingly.
In line with this, The Remnant Trust Inc aspires to be a repository of great ideas that have propelled humanity throughout the centuries. It strives to promote freedom of thought, speech, and action, aligning with the enduring assets of reason and justice. The organization believes that these great ideas should be accessible to everyone and serves as a catalyst for individuals to think, speak, and act in accordance with these ideals. By sharing these works, The Remnant Trust Inc endeavors to bring Goethe's vision into reality: "To think is easy, to act is hard, but the hardest thing in the world is to act in accordance with one's thinking."
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Impact
October, 2024
The Remnant Trust Inc significantly enhances the preservation and accessibility of historically significant collections, books, manuscripts, and antiquities. Its impact is manifested in several key areas:
1. **Cultural Preservation**: By safeguarding and displaying collections of great historical importance, The Remnant Trust contributes to the preservation of cultural heritage. This ensures that vital documents and ideas from the past remain available for current and future generations.
2. **Educational Accessibility**: The organization loans materials to universities and educational institutions, enriching academic environments and facilitating scholarly research. This accessibility fosters a deeper understanding of individual liberty, human dignity, and foundational ideas that have shaped society.
3. **Public Engagement**: Through public displays in Indianapolis, The Remnant Trust elevates the community’s educational standards and encourages critical thinking. By making these collections available, they raise public consciousness about significant documents that have influenced American history and ideals.
4. **Inspiration for Future Generations**: The mission of The Remnant Trust is rooted in inspiring the public to embrace grand thoughts and profound ideals. By promoting the understanding and appreciation of the great ideas of the past, the organization empowers individuals to think critically and act justly in today's world.
5. **Collaborative Scholarship**: The organization’s commitment to sharing its collections for research encourages collaboration among scholars, enhancing the academic discourse surrounding the ideas that have driven humanity’s progress.
Overall, The Remnant Trust Inc plays a crucial role in linking past ideas to present discussions, fostering a culture of learning, and nurturing a society that values reason and justice for all.
This information is meant to be a general summary of The Remnant Trust 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 2023.
- Investment Income: $41,169
- Gross Receipts: $427,346
Assets and Liabilities:
- Total Assets: $24,867,177
- Total Liabilities: $185,683
- Net Assets: $24,681,494
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Organization Details
Founding Year
1999
Principal Officer
Sean Delauter
Website
www.remnanttrust.orgNTEE Category
Code: A54 - Arts
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