Overview
What is Adeline E Prouty Testamentary Trust?
The Adeline E Prouty Testamentary Trust is a nonprofit organization situated in Princeton, Illinois. With a capacity to house 44 elderly residents, it offers a sheltered home for the aging population. Additionally, the trust provides independent living apartments specifically designed for elderly individuals, with 13-17 units available. The primary mission of this nonprofit is to provide a sheltered care home for the elderly and offer independent living options, ensuring a comfortable and supportive environment for its elderly residents. As of the provided information, the trust employs a team of 53 individuals dedicated to serving the needs of the elderly community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, Two-Star out of Four Star rating. The Adeline E Prouty Testamentary Trust has received a mixed evaluation, reflected in its accountability and finance score of 71%. The organization demonstrates strong governance through having a fully independent board of directors, which is a positive indicator of its operational integrity.
However, there are notable areas of concern, particularly regarding transparency. The absence of financial statements and several critical policies, such as a conflict of interest policy and a document retention policy, leads to significant deductions in the score. This lack of documentation may hinder potential donors' ability to fully understand the trust's financial health and operational practices.
On a more positive note, the trust allocates a high percentage of its expenses—over 96%—directly to its programs, indicating a strong commitment to its mission. Nonetheless, the missing elements in governance and transparency could limit trust and confidence among stakeholders, suggesting that the organization may need to enhance its accountability practices to bolster its overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Adeline E Prouty Testamentary Trust legitimate?
Adeline E Prouty Testamentary Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Adeline E Prouty Testamentary 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: $30,720
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,291,692
For more financial information, click here
What is the mission statement of Adeline E Prouty Testamentary Trust?
The Adeline E Prouty Testamentary Trust is dedicated to providing care and housing for the elderly. Its mission encompasses operating a sheltered home that accommodates up to 44 residents, as well as offering independent living apartments for elderly individuals, with approximately 13-17 units available. The organization aims to provide a living environment that caters to the needs of the elderly, ensuring they can live with a degree of independence.
Who is the CEO of Adeline E Prouty Testamentary Trust?
William Beneke is the Trustee of Adeline E Prouty Testamentary Trust.
What is the revenue of Adeline E Prouty Testamentary Trust?
Adeline E Prouty Testamentary Trust's revenue in 2022 was $1,822,639.
Who are the executives of Adeline E Prouty Testamentary Trust and what are their salaries?
The average compensation at Adeline E Prouty Testamentary Trust during 2022 was $24,951. There are 53 employees at Adeline E Prouty Testamentary Trust.
Here are 5 key members and their salaries:
- Compensation: $6,144
- Related: $0
- Other: $0
- Compensation: $6,144
- Related: $0
- Other: $0
- Compensation: $6,144
- Related: $0
- Other: $0
- Compensation: $6,144
- Related: $0
- Other: $0
- Compensation: $6,144
- Related: $0
- Other: $0
Where can I find the form 990 for Adeline E Prouty Testamentary Trust?
Adeline E Prouty Testamentary Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Adeline E Prouty Testamentary Trust
The Adeline E Prouty Testamentary Trust is committed to providing a sheltered environment for the elderly, serving as a home for those in need of care. Additionally, the trust offers independent living apartments for elderly individuals who wish to maintain their independence while still benefiting from supportive services. With a capacity to house up to 44 residents, this nonprofit organization ensures that elderly individuals receive the care and companionship they require, while also providing 13 to 17 independent living apartments for those who seek to maintain their independence.
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Impact
October, 2024
The Adeline E Prouty Testamentary Trust significantly impacts the community by providing vital services for the elderly. It operates a sheltered care home that accommodates up to 44 residents, ensuring that aging individuals have access to a supportive and secure living environment. In addition to this care home, the Trust offers independent living apartments, consisting of 13 to 17 units, facilitating a degree of autonomy for older adults who are capable of living independently yet require some level of support.
By focusing on sheltered care and independent housing, the Trust addresses the growing need for specialized living arrangements tailored to the elderly population in Princeton, IL. It fosters a sense of community and belonging among residents, thereby enhancing their quality of life. This initiative not only provides essential services but also contributes to the well-being and dignity of aging individuals, allowing them to age in place with comfort and support.
This information is meant to be a general summary of Adeline E Prouty Testamentary 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: $55,321
- Program Service Revenue: $1,371,116
- Gross Receipts: $2,453,592
Assets and Liabilities:
- Total Assets: $6,339,778
- Total Liabilities: $156,956
- Net Assets: $6,182,822
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REFUNDS & MISC INCOME
Revenue
$10,909
SENIOR APARTMENTS, DUPLEX
Revenue
$273,557
SHELTERED CARE
Revenue
$1,086,650
Organization Details
Founding Year
1906
Phone
(815) 872-2261Principal Officer
William Beneke
Main Address
508 PARK AVENUE EAST, PRINCETON, IL, 61356
NTEE Category
Code: E910 - Health
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