Arnold E Menke Memorial Tr

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 356500493 ✦ Cincinnati, OH ✦ Designated as a 501(c)(3)

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Overview

What is Arnold E Menke Memorial Tr?

The Arnold E Menke Memorial Trust is a nonprofit organization that manages its assets to generate income. This income is then utilized to support various organizations, as outlined in its governing document. Among these supported organizations, the Evansville Museum of Arts, History, and Science is noteworthy. The Trust's primary activity involves investing its assets to generate income, which subsequently serves to sustain the listed organizations.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement, 60%)

The Arnold E Menke Memorial Trust has received a two-star rating from Charity Navigator, indicating that it needs improvement in certain areas of its operations. The organization scored 60% overall, with particular strengths in its program expense ratio, which stands at a commendable 82.79%. This suggests that a significant portion of its expenditures are directed toward its programs, reflecting a commitment to its mission.

However, the organization faces notable weaknesses in accountability and financial transparency. It has zero independent board members, which raises concerns about governance and oversight. Additionally, the trust is missing key policies and documents, such as a whistleblower policy and document retention plan, as well as failing to provide its tax form on its website. These gaps may hinder stakeholder trust and accountability in the organization's management practices.

While the Arnold E Menke Memorial Trust demonstrates a solid commitment to its programs, the lack of independent governance and transparency measures suggests that potential donors should approach with caution. Addressing these shortcomings could significantly enhance the trust’s credibility and effectiveness in fulfilling its mission.


This AI summary has been generated from information found on Charity Navigator.

Is Arnold E Menke Memorial Tr legitimate?

Arnold E Menke Memorial Tr is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arnold E Menke Memorial Tr 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: $55,727
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Arnold E Menke Memorial Tr?

The Arnold E Menke Memorial Trust, as per its mission, invests its assets to generate income. This income is then utilized to support various organizations, as specified in the governing document. One of the programs under this trust includes providing support to the Evansville Museum of Arts, History, and Science. The primary objective of the trust is to offer financial assistance to the organizations named in its governing document.

Who is the CEO of Arnold E Menke Memorial Tr?

Fifth Third Bank N A is the Trustee of Arnold E Menke Memorial Tr.

What is the revenue of Arnold E Menke Memorial Tr?

Arnold E Menke Memorial Tr's revenue in 2022 was $148,509.

Who are the executives of Arnold E Menke Memorial Tr and what are their salaries?


There is 1 key member and their salary:


Fifth Third Bank N A (Trustee)
  • Compensation: $55,727
  • Related: $0
  • Other: $0
Where can I find the form 990 for Arnold E Menke Memorial Tr?

Arnold E Menke Memorial Tr's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Arnold E Menke Memorial Tr

The Arnold E Menke Memorial Trust is an organization with a mission to invest its assets, aiming to generate income. This income, in turn, is allocated to support various organizations that are named in the governing document. By executing this mission, the trust plays a pivotal role in providing financial assistance to these designated nonprofits, allowing them to carry out their respective activities and fulfill their objectives. As an example, the Evansville Museum of Arts, History and Science is one of the organizations that benefits from the income generated by the Arnold E Menke Memorial Trust. This support allows the museum to continue its operations and serve the community by providing educational and entertainment opportunities. In essence, the Arnold E Menke Memorial Trust serves as a vital source of funding for various organizations, enabling them to fulfill their missions and make a positive impact in their respective communities.

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Impact




October, 2024

The Arnold E Menke Memorial Trust has a significant impact by investing its assets to generate income that supports various organizations, particularly the Evansville Museum of Arts, History and Science. This financial backing enables these institutions to enhance their programs, expand educational outreach, and foster community engagement in the arts and sciences. By prioritizing these sectors, the trust contributes to the cultural enrichment and historical awareness of the community, ensuring that valuable resources are available for future generations. The trust’s focus on providing consistent financial support helps sustain and grow these organizations, fostering a vibrant cultural landscape in Cincinnati and beyond.




This information is meant to be a general summary of Arnold E Menke Memorial Tr. 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.

Revenue
$148,509 (2022)
Expenses
$333,614 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $148,509
  • Gross Receipts: $514,187

Assets and Liabilities:

  • Total Assets: $3,498,661
  • Total Liabilities: $0
  • Net Assets: $3,498,661

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Organization Details

Founding Year

1989

Principal Officer

Fifth Third Bank N A

Main Address

PO BOX 630858, CINCINNATI, OH, 452630858

NTEE Category

Code: A11 - Arts

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