Overview
What is Friends Of The Thumb Octagon Barn?
Friends of the Thumb Octagon Barn is a dedicated nonprofit organization situated in Gagetown, MI. Their primary mission is to preserve and restore the historic Octagon Barn, an architectural gem. They achieve this goal through continuous restoration and preservation programs. By doing so, they ensure that this significant piece of local history remains intact for future generations to appreciate and learn from.
Official website here: www.thumboctagonbarn.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
Friends Of The Thumb Octagon Barn has received a score of 76%, indicating a generally positive evaluation based on its accountability and finance practices. The rating reflects a strong performance in several key areas, including having a fully independent board and no material diversion of assets, which is crucial for maintaining trust and transparency within the organization.
The nonprofit demonstrates excellent fiscal management, achieving a program expense ratio of 100%, meaning all funds raised are directed towards its programs. Additionally, it has a favorable liabilities to assets ratio of 0.00%, highlighting its sound financial standing. However, the organization lacks certain policies, such as a conflict of interest policy, whistleblower policy, and document retention policy, which could improve its governance practices.
Overall, while Friends Of The Thumb Octagon Barn exhibits strong financial health and accountability, addressing the noted governance gaps could further enhance its credibility and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The Thumb Octagon Barn legitimate?
Friends Of The Thumb Octagon Barn is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Thumb Octagon Barn 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
Official website here: www.thumboctagonbarn.org
What is the mission statement of Friends Of The Thumb Octagon Barn?
The mission of Friends Of The Thumb Octagon Barn is centered around the preservation and restoration of a historical barn. Specifically, they aim to safeguard a significant Octagon Barn located in Gagetown, carrying out this objective through continuous restoration and preservation programs. The organization's primary goal is to maintain the barn's historical integrity and value for future generations.
Official website here: www.thumboctagonbarn.org
Who is the CEO of Friends Of The Thumb Octagon Barn?
Dennis Anderson is the President of Friends Of The Thumb Octagon Barn.
Official website here: www.thumboctagonbarn.org
What is the revenue of Friends Of The Thumb Octagon Barn?
Friends Of The Thumb Octagon Barn's revenue in 2022 was $78,924.
Official website here: www.thumboctagonbarn.org
Who are the executives of Friends Of The Thumb Octagon Barn and what are their salaries?
There 700 volunteers at Friends Of The Thumb Octagon Barn.
Here are 5 key members and their salaries:
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Official website here: www.thumboctagonbarn.org
Where can I find the form 990 for Friends Of The Thumb Octagon Barn?
Friends Of The Thumb Octagon Barn's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thumboctagonbarn.org
Learn more at the official website: www.thumboctagonbarn.org
Mission Statement of Friends Of The Thumb Octagon Barn
The Friends of the Thumb Octagon Barn is dedicated to the preservation and restoration of a significant historical landmark. This nonprofit organization focuses on maintaining the Octagon Barn, a notable structure located in Gagetown, MI. Through their ongoing restoration and preservation programs, they work tirelessly to ensure the barn's continued existence and protection. The mission of Friends of the Thumb Octagon Barn is to safeguard this historical treasure for future generations, allowing them to appreciate and learn from the past. The organization's efforts are essential in preserving the rich history and cultural heritage that the barn represents.
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Impact
August, 2024
Friends Of The Thumb Octagon Barn's impact is significant in the preservation and restoration of the historic Octagon Barn in Gagetown, MI. Through their ongoing restoration and preservation programs, they are ensuring that this unique piece of history is maintained for future generations to appreciate and enjoy. Their efforts contribute to the cultural heritage of the community and promote an understanding and appreciation of historic architecture. By engaging in these activities, Friends Of The Thumb Octagon Barn is playing a crucial role in the conservation of local history and the promotion of arts and culture in Gagetown, MI.
This information is meant to be a general summary of Friends Of The Thumb Octagon Barn. 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: $961
- Program Service Revenue: $1,970
- Gross Receipts: $160,775
Assets and Liabilities:
- Total Assets: $927,129
- Total Liabilities: $0
- Net Assets: $927,129
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,970
Organization Details
Phone
(989) 665-0081Principal Officer
Dennis Anderson
Main Address
PO BOX 145, GAGETOWN, MI, 48735
Website
www.thumboctagonbarn.orgNTEE Category
Code: A540 - Arts
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