Overview
What is Hackley Fbo Muskegon Manual Training?
Hackley Fbo Muskegon Manual Training is a nonprofit organization with a specific mission. The trust assets of this organization are meticulously invested to generate income. This income, as per the governing document, is then distributed to the designated charity. The exact nature of the charity or its purpose is not provided in the information, but the nonprofit's role is to facilitate this financial support. The organization's address is listed as a PO box in Cincinnati, Ohio.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement) - Score: 60%
The Hackley Fbo Muskegon Manual Training has received a two-star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. The organization's overall score of 60% reflects significant concerns regarding its board independence and transparency, as it currently has no independent members on its board, which is critical for governance and oversight.
Despite these issues, the nonprofit demonstrates a strong commitment to its programs, with an impressive program expense ratio of 81.80%. This suggests that a substantial portion of its resources is directed toward its core mission rather than administrative costs. However, the absence of key policies like document retention and a whistleblower policy raises flags about its operational integrity and risk management.
In summary, while Hackley Fbo Muskegon Manual Training is effectively utilizing its funds for programs, it faces challenges regarding governance and transparency that could impact its credibility and effectiveness in the long run. Improvements in these areas are essential for building trust with donors and the community at large.
This AI summary has been generated from information found on Charity Navigator.
Is Hackley Fbo Muskegon Manual Training legitimate?
Hackley Fbo Muskegon Manual Training is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hackley Fbo Muskegon Manual Training 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: $4,507
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Hackley Fbo Muskegon Manual Training?
Hackley Fbo Muskegon Manual Training's mission is centered around investing its trust assets to generate income. This income is then distributed to the charity as outlined in the governing document. The organization's primary role is to adhere to these instructions and distribute the funds accordingly. The specific charity beneficiary is determined by the terms set forth in the governing document. The organization's activities are guided by this mission, ensuring the distribution of funds in accordance with its founding principles.
Who is the CEO of Hackley Fbo Muskegon Manual Training?
Fifth Third Bank N A is the Trustee of Hackley Fbo Muskegon Manual Training.
What is the revenue of Hackley Fbo Muskegon Manual Training?
Hackley Fbo Muskegon Manual Training's revenue in 2023 was $17,342.
Who are the executives of Hackley Fbo Muskegon Manual Training and what are their salaries?
There is 1 key member and their salary:
- Compensation: $4,507
- Related: $0
- Other: $0
Where can I find the form 990 for Hackley Fbo Muskegon Manual Training?
Hackley Fbo Muskegon Manual Training's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Hackley Fbo Muskegon Manual Training
Hackley Fbo Muskegon Manual Training is a nonprofit organization with a specific mission. The primary objective of this organization is to invest its trust assets with the intention of generating income. This income, in turn, is intended to be distributed to a charitable entity as outlined in the governing document. In essence, the mission of Hackley Fbo Muskegon Manual Training is to serve as a financial steward, channeling its resources to support the charitable cause as defined in its founding charter.
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Impact
October, 2024
Hackley Fbo Muskegon Manual Training plays a significant role in supporting educational initiatives through its strategic investment of trust assets. By generating income from these investments, the organization is able to provide financial distributions that directly benefit the designated charity outlined in its governing documents. This targeted approach ensures that funds are utilized effectively to enhance educational opportunities in the community. The focus on education underscores the importance of fostering skills and knowledge, ultimately contributing to the development and enrichment of individuals and the wider community. The organization’s financial support helps sustain and expand programs that may otherwise struggle for resources, making a tangible impact on access to education and learning opportunities.
This information is meant to be a general summary of Hackley Fbo Muskegon Manual Training. 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 2023.
- Investment Income: $17,342
- Gross Receipts: $23,869
Assets and Liabilities:
- Total Assets: $280,794
- Total Liabilities: $0
- Net Assets: $280,794
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Organization Details
Founding Year
1905
Phone
(513) 534-5310Principal Officer
Fifth Third Bank N A
Main Address
PO BOX 630858, CINCINNATI, OH, 452630858
NTEE Category
Code: B30 - Education
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