Overview
What is Norwood Hills Charitable Trust?
Norwood Hills Charitable Trust is a nonprofit organization situated in St. Louis, Missouri. Its primary mission is to offer scholarships to full-time employees of Norwood Hills Corporation, also known as Norwood Hills Country Club, as well as to the descendants of these employees. In 2022, the trust awarded 14 such scholarships, emphasizing its commitment to supporting and empowering its associated workforce. The trust's activities are centered around this sole purpose, providing financial aid to eligible individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating reflects the organization's performance in terms of accountability and finance, with a score of 73. While the overall rating may indicate room for improvement, certain aspects of the organization show strong performance.
Norwood Hills Charitable Trust demonstrates a commendable commitment to governance, as evidenced by its fully independent board and the absence of material asset diversion. The organization maintains transparency by documenting board meeting minutes and has a solid liabilities to assets ratio of 0.00%. Additionally, it allocates a significant portion of its budget to program expenses, achieving a program expense ratio of 95.17%.
Despite these strengths, the overall two-star rating suggests that there are areas where the organization could enhance its operations or improve accountability. Stakeholders may want to consider this when evaluating their support for the charity, as a more comprehensive approach could bolster its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Norwood Hills Charitable Trust legitimate?
Norwood Hills Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Norwood Hills Charitable 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Norwood Hills Charitable Trust?
The Norwood Hills Charitable Trust's primary mission is to provide scholarships for certain full-time employees of Norwood Hills Corporation, operating as Norwood Hills Country Club, as well as for the descendants of those employees. This organization aims to support the educational pursuits of its eligible recipients by awarding scholarships annually. In 2022, 14 individual grants were distributed according to this mission.
Who is the CEO of Norwood Hills Charitable Trust?
Bill Mclaughlin is the Trustee of Norwood Hills Charitable Trust.
What is the revenue of Norwood Hills Charitable Trust?
Norwood Hills Charitable Trust's revenue in 2022 was $61,840.
Who are the executives of Norwood Hills Charitable Trust and what are their salaries?
There 6 volunteers at Norwood Hills Charitable Trust.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Norwood Hills Charitable Trust?
Norwood Hills Charitable Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Norwood Hills Charitable Trust
The Norwood Hills Charitable Trust, in its mission, focuses on providing scholarships to a specific group of individuals. More precisely, it aims to extend financial aid to full-time employees of Norwood Hills Corporation, doing business as Norwood Hills Country Club, and their descendants. This nonprofit organization awards scholarships annually, as evidenced by the 14 grants given out in 2022.
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Impact
August, 2024
The impact of Norwood Hills Charitable Trust is evident in its provision of scholarships to certain full-time employees of Norwood Hills Corporation (d/b/a Norwood Hills Country Club) and to the descendants of those employees. In 2022, the trust awarded 14 individual grants, enhancing the educational opportunities for these individuals. Through its mission to support education through scholarships, Norwood Hills Charitable Trust is making a tangible difference in the lives of deserving recipients, helping them pursue their academic goals and aspirations.
This information is meant to be a general summary of Norwood Hills Charitable 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: $22,217
- Gross Receipts: $87,612
Assets and Liabilities:
- Total Assets: $623,899
- Total Liabilities: $0
- Net Assets: $623,899
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Organization Details
Founding Year
2010
Phone
(314) 521-0682Principal Officer
Bill Mclaughlin
Main Address
1 NORWOOD HILLS COUNTRY CLUB DRIVE, ST LOUIS, MO, 63121
NTEE Category
Code: B82 - Education
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