Overview
What is Stanley F Herman Charitable Trust Fbo?
Stanley F. Herman Charitable Trust Fbo is a trust established with a specific mission. Its primary objective is to invest its assets to generate income, which is then distributed to various charitable organizations as outlined in its governing document. The trust operates in compliance with its guidelines, providing financial support to these charitable entities. The trust does not disclose the names of these organizations in the provided information, but it is clear that its purpose is to channel funds to deserving charitable organizations as per its charter.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (60%)
The Stanley F Herman Charitable Trust Fbo has received a rating of "Needs Improvement" from Charity Navigator, indicating there are areas for growth despite some strong points in accountability and finance. The charity scores a solid 100% in this category, reflecting a commitment to transparency in its operations and fiscal responsibility.
The organization exhibits no material diversion of assets and maintains a 0.00% liabilities to assets ratio, showcasing its financial stability. It also has a well-documented conflict of interest policy and provides board meeting minutes, which adds to its credibility and trustworthiness.
However, the overall score of 60% suggests that there are still aspects that could be improved, particularly in areas outside of accountability and finance. This rating serves as a reminder for the charity to focus on enhancing its impact and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Stanley F Herman Charitable Trust Fbo legitimate?
Stanley F Herman Charitable Trust Fbo is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stanley F Herman Charitable Trust Fbo 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: $14,323
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Stanley F Herman Charitable Trust Fbo?
The Stanley F Herman Charitable Trust Fbo's mission is centered around investing its assets to generate income, which is subsequently distributed to the charitable organizations specified in its governing document. This financial support is carried out as per the instructions outlined in the trust's founding documents. The primary objective of these distributions is to aid the charitable organizations in their respective missions.
Who is the CEO of Stanley F Herman Charitable Trust Fbo?
Fifth Third Bank N A is the Trustee of Stanley F Herman Charitable Trust Fbo.
What is the revenue of Stanley F Herman Charitable Trust Fbo?
Stanley F Herman Charitable Trust Fbo's revenue in 2023 was $78,160.
Who are the executives of Stanley F Herman Charitable Trust Fbo and what are their salaries?
There is 1 key member and their salary:
- Compensation: $14,323
- Related: $0
- Other: $0
Where can I find the form 990 for Stanley F Herman Charitable Trust Fbo?
Stanley F Herman Charitable Trust Fbo's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Stanley F Herman Charitable Trust Fbo
Stanley F. Herman Charitable Trust Fbo is an organization that manages its assets to generate income. This income is then distributed to the charitable organizations mentioned in its governing document, as per its mission. The Trust's primary role is to provide financial support to these designated charities, following the instructions outlined in its governing document.
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Impact
October, 2024
The Stanley F. Herman Charitable Trust FBO significantly contributes to various charitable organizations through the strategic investment of its trust assets. By generating income from these investments, the trust ensures that funds are made available for distribution to designated charities, aligning with the directives outlined in its governing documents. This structured financial support enables recipient organizations to further their missions, particularly in the field of education, thereby enhancing their capacity to serve the community and address critical needs. The impact is felt in Cincinnati, Ohio, and potentially beyond, as these distributions empower diverse educational initiatives and promote long-term benefits for individuals and groups in need of support.
This information is meant to be a general summary of Stanley F Herman Charitable Trust Fbo. 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: $78,160
- Gross Receipts: $447,424
Assets and Liabilities:
- Total Assets: $1,010,664
- Total Liabilities: $0
- Net Assets: $1,010,664
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Organization Details
Founding Year
1985
Phone
(800) 400-0439Principal Officer
Fifth Third Bank N A
Main Address
PO BOX 630858, CINCINNATI, OH, 452630858
NTEE Category
Code: B11 - Education
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