Overview
What is Stanley F Herman Charitable Trust Fbo?
The Stanley F Herman Charitable Trust Fbo is a charitable trust based in Cincinnati, Ohio. The main aim of this trust is to invest its assets to generate income, which is then distributed to various charitable organizations as per the instructions set in the governing document. The trust doesn't specify the type of charities it supports, but it's clear that its mission is to make a positive impact on the causes it chooses to support. The income generated from the trust's investments is continually distributed to these charities, contributing to their ongoing work and initiatives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Stanley F. Herman Charitable Trust Fbo has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 60%. This rating indicates that while the organization has some strengths, there are significant areas that require improvement, particularly in governance and accountability. The organization has a strong program expense ratio of 78.73%, reflecting a commitment to its charitable mission, but the overall lack of independent board members raises concerns about its governance structure.
The organization's accountability and finance score is notably low, primarily due to the absence of independent board members and missing policies regarding whistleblower protections and document retention. Furthermore, critical information, such as its tax form and website presence, are not adequately maintained, which diminishes transparency and trustworthiness. These shortcomings highlight the need for better governance practices to enhance accountability.
Despite these limitations, the trust shows a commitment to its programs, with no material diversion of assets noted. Addressing the highlighted governance issues and improving transparency could significantly enhance its rating and organizational effectiveness in the future.
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: $17,114
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's mission is centered around investing its assets to generate income, which is then distributed to the charitable organizations listed in its governing document. The aim is to support these charities through consistent financial contributions, as directed by the trust's governing document. The trust's activities primarily involve distributing funds to various charitable organizations.
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 $49,393.
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: $17,115
- 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
The Stanley F Herman Charitable Trust Fbo is a philanthropic organization dedicated to investing its assets to generate income. This income, in turn, is distributed to the charities named in the governing document. In essence, the Trust serves as a financial resource for various charitable organizations, providing them with the necessary funds to carry out their missions. The Trust's activities are governed by a set of documents, which dictate the distribution of funds to these organizations.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
June, 2024
The Stanley F Herman Charitable Trust Fbo has a significant impact by providing vital financial support to various charitable organizations as directed by its governing document. By investing its assets wisely, the Trust generates income that is then distributed to support causes that align with its mission. This impact is particularly notable in the field of environmental conservation, reflecting the Trust's commitment to making a difference in safeguarding our planet for future generations.
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: $49,393
- Gross Receipts: $102,575
Assets and Liabilities:
- Total Assets: $679,804
- Total Liabilities: $0
- Net Assets: $679,804
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1990
Phone
(800) 400-0439Principal Officer
Fifth Third Bank N A
Main Address
PO BOX 630858, CINCINNATI, OH, 452630858
NTEE Category
Code: C116 - Environment
If you are a representative of Stanley F Herman Charitable Trust Fbo and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.