Overview
What is Florence E Herman Trust?
The Florence E Herman Trust is a charitable organization based in Kalamazoo, Michigan, with the address 211 S Rose Street. The Trust's primary function is to make distributions to various charities, as outlined in its governing document. These distributions are intended to help cover expenses for the named charities. The Trust does not provide any additional information regarding the nature or focus of the charities it supports.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63% (Two-Star out of Four Stars)
The Florence E Herman Trust has received a two-star rating from Charity Navigator, indicating some concerns regarding its accountability and financial practices. The charity scores well for having a fully independent board and has no reported material diversion of assets, showing a strong commitment to governance in these areas. Additionally, it maintains a favorable program expense ratio, allocating nearly 88% of its resources directly to programs.
However, significant issues are noted in the charity's transparency and policy disclosures. It lacks key policies such as a conflict of interest policy, whistleblower policy, and document retention policy, all of which are critical for ensuring ethical operations. Furthermore, although the board meeting minutes are documented, the absence of these policies raises questions about the organization's overall governance practices.
In summary, while the Florence E Herman Trust demonstrates positive attributes in certain governance aspects, its lack of essential policies and transparency measures contributes to a lower overall rating. Potential donors and stakeholders are encouraged to consider these factors when evaluating their support.
This AI summary has been generated from information found on Charity Navigator.
Is Florence E Herman Trust legitimate?
Florence E Herman Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Florence E Herman 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: $15,029
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Florence E Herman Trust?
The Florence E Herman Trust is a charitable organization with a mission to support designated charities as outlined in its governing document. The Trust makes distributions to these charities to assist them in covering their expenses. The Trust's role is to provide financial aid to these charitable entities in order to help further their causes. The Trust's activities revolve around making payments to the named charities in accordance with the terms of its governing document. The Trust acts as a financial backer, enabling the charities to continue their important work.
Who is the CEO of Florence E Herman Trust?
Unavailable
What is the revenue of Florence E Herman Trust?
Florence E Herman Trust's revenue in 2022 was $93,897.
Who are the executives of Florence E Herman Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $15,029
- Related: $0
- Other: $0
Where can I find the form 990 for Florence E Herman Trust?
Florence E Herman Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Florence E Herman Trust
The Florence E Herman Trust is a charitable organization with a mission to provide financial assistance according to the terms outlined in its governing document. The Trust's primary goal is to support the named charity by contributing funds to help cover its operational expenses. By doing so, the Trust plays a crucial role in ensuring the charity can continue its essential work.
Moreover, the Florence E Herman Trust's activities are guided by its commitment to contributing to the charity sector. The Trust's distributions are carefully managed and disbursed in line with the instructions set out in its governing document. The Trust's dedication to its mission extends beyond just financial support, as it strives to make a meaningful impact on the causes that the charity represents.
In essence, the Florence E Herman Trust functions as a philanthropic entity that channels resources to deserving charities in order to help them thrive and further their respective missions. Through its financial contributions, the Trust enables the charities it supports to continue providing vital services and making a difference in the lives of those they aim to help.
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Impact
October, 2024
The Florence E. Herman Trust plays a significant role in supporting charitable organizations by facilitating financial distributions that help defray their operational expenses. By directing funds to various named charities, the trust ensures that essential services and programs can continue to flourish. Located in Kalamazoo, MI, the trust focuses its efforts on assisting charities, particularly those related to animal welfare, effectively enhancing their ability to fulfill their missions and serve the community. This financial assistance is vital in enabling these organizations to allocate resources towards impactful projects, outreach, and overall sustainability.
This information is meant to be a general summary of Florence E Herman 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: $93,897
- Gross Receipts: $190,511
Assets and Liabilities:
- Total Assets: $1,719,835
- Total Liabilities: $0
- Net Assets: $1,719,835
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Organization Details
Founding Year
1988
Phone
(269) 388-9800Main Address
211 S ROSE STREET, KALAMAZOO, MI, 49007
NTEE Category
Code: D112 - Animals
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