Overview
What is Morgan County Historical Society Farmers State Bank And Trust Dept?
Morgan County Historical Society Farmers State Bank and Trust Dept is a historical society organization situated in Jacksonville, Illinois. Their primary mission is to preserve the rich history of the county. They achieve this mission by conducting various programs and activities that focus on historical preservation. As a nonprofit, they contribute significantly to the community's cultural heritage, ensuring that future generations can learn and appreciate the county's past.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating, 73%)
The Morgan County Historical Society Farmers State Bank And Trust Dept has received a two-star rating from Charity Navigator, indicating that while the organization demonstrates strong accountability and finance practices, there are several areas that require improvement. The organization excels in having a fully independent board and maintaining a low liabilities-to-assets ratio, which reflects good financial health and governance standards.
However, the society faces significant shortcomings in its governance policies. Notably, it lacks critical policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. This absence of fundamental governance frameworks raises concerns about the organization's transparency and ethical practices.
Additionally, the nonprofit does not post its tax form on its website, which further limits public access to important financial information. While the program expense ratio is commendable at 87.59%, these governance gaps highlight the need for improvements to ensure that the organization is not only financially sound but also operates with the highest standards of accountability and ethical conduct.
This AI summary has been generated from information found on Charity Navigator.
Is Morgan County Historical Society Farmers State Bank And Trust Dept legitimate?
Morgan County Historical Society Farmers State Bank And Trust Dept is a legitimate nonprofit organization registered as a 501(c)(3) entity. Morgan County Historical Society Farmers State Bank And Trust Dept 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.
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What is the mission statement of Morgan County Historical Society Farmers State Bank And Trust Dept?
The Morgan County Historical Society Farmers State Bank and Trust Dept is dedicated to preserving the history of its locality. As a historical society, it achieves this by orchestrating various programs and activities that primarily focus on historical preservation. By doing so, the organization contributes significantly to the understanding and appreciation of the county's past. Despite not having specific mission statement details, it can be inferred that the society's primary objective is to safeguard and celebrate the rich heritage of the community.
Who is the CEO of Morgan County Historical Society Farmers State Bank And Trust Dept?
Bob Sibert is the President of Morgan County Historical Society Farmers State Bank And Trust Dept.
What is the revenue of Morgan County Historical Society Farmers State Bank And Trust Dept?
Morgan County Historical Society Farmers State Bank And Trust Dept's revenue in 2022 was $67,594.
Who are the executives of Morgan County Historical Society Farmers State Bank And Trust Dept and what are their salaries?
There 20 volunteers at Morgan County Historical Society Farmers State Bank And Trust Dept.
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Where can I find the form 990 for Morgan County Historical Society Farmers State Bank And Trust Dept?
Morgan County Historical Society Farmers State Bank And Trust Dept's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Morgan County Historical Society Farmers State Bank And Trust Dept
The Morgan County Historical Society Farmers State Bank and Trust Dept is a dedicated organization that is committed to preserving the rich history of its county. With a mission that revolves around historical preservation, this nonprofit undertakes various programs and activities that aim to safeguard the past for future generations. By serving as a historical society, the organization is situated in Jacksonville, IL, and its work is instrumental in maintaining the legacy of its county. The society's efforts contribute significantly to the understanding and appreciation of the county's heritage, ensuring that its history remains alive and well-documented.
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Impact
August, 2024
The impact of the Morgan County Historical Society Farmers State Bank And Trust Dept is significant in preserving the history of Morgan County, Illinois. Through its programs and activities focused on historical preservation, the organization plays a vital role in retaining and sharing the rich heritage of the county. By documenting, showcasing, and raising awareness about the local history, the Morgan County Historical Society Farmers State Bank And Trust Dept helps to foster a sense of community pride and connection among residents. This preservation effort not only educates current and future generations about the county's past but also contributes to the overall cultural enrichment of the region.
This information is meant to be a general summary of Morgan County Historical Society Farmers State Bank And Trust Dept. 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: $1,104
- Program Service Revenue: $7,813
- Gross Receipts: $67,594
Assets and Liabilities:
- Total Assets: $1,387,593
- Total Liabilities: $133,134
- Net Assets: $1,254,459
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHAUTAUQUA
Revenue
$1,180
UNDERGR RAILROAD TOURS
Revenue
$6,633
Organization Details
Founding Year
1981
Phone
(217) 479-4042Principal Officer
Bob Sibert
Main Address
200 WEST STATE, JACKSONVILLE, IL, 62650
NTEE Category
Code: A80 - Arts
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