Overview
What is L Lee Stryker Memorial Trust?
The L Lee Stryker Memorial Trust is a philanthropic organization situated in Pittsburgh, Pennsylvania. Its primary mission is to provide endowments for Kalamazoo College, specifically funding a professorship in Business Management and a community education program. The trust also contributes to the Kalamazoo College Endowment Fund as part of its broader initiatives. This nonprofit entity is dedicated to supporting educational growth and community engagement in the field of business management.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 64%)
The L Lee Stryker Memorial Trust has been given a Two-Star rating by Charity Navigator, indicating a need for improvement in various aspects of its operations and governance. The overall score of 64% reflects deficiencies particularly in board independence and transparency, as evidenced by 0% of the board members being independent and missing required documentation on its website.
Despite these governance challenges, the organization demonstrates a strong commitment to its programmatic efforts, boasting a high program expense ratio of 89.08%, which suggests that a significant portion of its resources is directed toward its mission. Additionally, it has no material diversion of assets, signifying responsible financial stewardship. However, the absence of key policies like a whistleblower policy and missing documentation regarding board meeting minutes also points to areas that need attention.
In conclusion, while the L Lee Stryker Memorial Trust effectively utilizes its funds for programming, the lack of independent governance and transparency practices are notable weaknesses. Addressing these issues could enhance its accountability and overall effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is L Lee Stryker Memorial Trust legitimate?
L Lee Stryker Memorial Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. L Lee Stryker Memorial 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: $15,383
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of L Lee Stryker Memorial Trust?
The L Lee Stryker Memorial Trust has a mission to endow a professorship in Business Management at Kalamazoo College and establish a community education program. This mission is aimed at providing academic and community resources, contributing to the field of business management education and community development. The trust supports the Kalamazoo College Endowment Fund as part of its initiatives. While the trust is not explicitly stated to have a global mission or impact, its focus on education and community development suggests a commitment to enhancing knowledge and opportunities for individuals within these domains.
Who is the CEO of L Lee Stryker Memorial Trust?
Pnc Bank Na is the Principal Officer of L Lee Stryker Memorial Trust.
What is the revenue of L Lee Stryker Memorial Trust?
L Lee Stryker Memorial Trust's revenue in 2023 was $59,336.
Who are the executives of L Lee Stryker Memorial Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $15,383
- Related: $0
- Other: $0
Where can I find the form 990 for L Lee Stryker Memorial Trust?
L Lee Stryker Memorial Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of L Lee Stryker Memorial Trust
The L Lee Stryker Memorial Trust is dedicated to making significant contributions to Kalamazoo College. Its mission involves endowing a professorship in Business Management and establishing a community education program within the institution. By doing so, the trust aims to enrich the educational experience at Kalamazoo College, fostering a stronger focus on business management and community outreach. The trust also supports the Kalamazoo College Endowment Fund as part of its broader programs.
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Impact
October, 2024
L Lee Stryker Memorial Trust has a significant impact through its commitment to enhancing education at Kalamazoo College. By endowing a professorship in Business Management, the trust ensures that students receive quality instruction from distinguished faculty, which helps equip them with the necessary skills and knowledge for successful careers. Additionally, the support for a community education program broadens access to educational resources, fostering lifelong learning and personal development within the community. These initiatives not only strengthen the academic environment at Kalamazoo College but also contribute to the overall educational landscape in Pittsburgh and beyond, empowering individuals to achieve their personal and professional goals.
This information is meant to be a general summary of L Lee Stryker Memorial 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 2023.
- Investment Income: $59,336
- Gross Receipts: $746,796
Assets and Liabilities:
- Total Assets: $2,065,193
- Total Liabilities: $0
- Net Assets: $2,065,193
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Organization Details
Founding Year
1978
Phone
(412) 768-3716Principal Officer
Pnc Bank Na
Main Address
116 ALLEGHENY CENTER MALL P8YB3502L, PITTSBURGH, PA, 15212
NTEE Category
Code: B82 - Education
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