Overview
What is Valerian D Trifa Irrevocable Trust?
Valerian D Trifa Irrevocable Trust is a charitable entity, primarily focused on distributing funds to organizations. Specifically, it supports the Romanian American Heritage Center located in Jackson, Michigan. The center's mission is to educate the Romanian American community about their heritage and culture, fostering a sense of shared identity and history. This nonprofit trust contributes to this cause by providing financial support, contributing to the preservation and promotion of the Romanian American community's cultural heritage.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates moderate performance in accountability and finance, which suggests that while the organization demonstrates some strengths, there are also notable areas for improvement.
The Valerian D Trifa Irrevocable Trust boasts a perfect score for independent board governance and exhibits a strong program expense ratio of 94.96%, indicating that the majority of its funds are directed towards its programs. However, the absence of essential policies like a conflict of interest policy and a whistleblower policy raises concerns regarding transparency and ethical governance.
Despite its strengths, the organization has several missing components, such as not posting its tax form on its website, which detracts from its overall accountability score. These limitations suggest that while the organization is committed to its mission, it could benefit from enhancing its governance practices and increasing transparency to build greater trust with its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Valerian D Trifa Irrevocable Trust legitimate?
Valerian D Trifa Irrevocable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Valerian D Trifa Irrevocable 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Valerian D Trifa Irrevocable Trust?
The Valerian D Trifa Irrevocable Trust's mission is centered around educating the Romanian American community about their rich history and culture. This charitable organization seeks to foster a deeper understanding and appreciation of their heritage among its members. In pursuit of this goal, the trust makes charitable distributions to organizations that share this mission, such as the Romanian American Heritage Center located in Jackson, Michigan.
Who is the CEO of Valerian D Trifa Irrevocable Trust?
Daniel Miclau is the Co-Trustee of Valerian D Trifa Irrevocable Trust.
What is the revenue of Valerian D Trifa Irrevocable Trust?
Valerian D Trifa Irrevocable Trust's revenue in 2023 was $15,236.
Who are the executives of Valerian D Trifa Irrevocable Trust and what are their salaries?
There 4 volunteers at Valerian D Trifa Irrevocable Trust.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Valerian D Trifa Irrevocable Trust?
Valerian D Trifa Irrevocable Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Valerian D Trifa Irrevocable Trust
The Valerian D Trifa Irrevocable Trust is dedicated to educating the Romanian American community about their rich history and culture. This nonprofit organization focuses on disseminating knowledge and fostering a sense of heritage within this community. Through charitable distributions, the Trust supports the Romanian American Heritage Center, located in Jackson, Michigan. This center serves as a hub for preserving and sharing the history and culture of Romanian Americans, providing an invaluable resource for community members to connect with their heritage. By promoting awareness and understanding of their shared past, the Valerian D Trifa Irrevocable Trust plays a crucial role in strengthening the identity and cohesion of the Romanian American community.
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Impact
October, 2024
Valerian D Trifa Irrevocable Trust plays a significant role in enhancing the cultural awareness and historical education of the Romanian American community. By providing charitable support to the Romanian American Heritage Center, it facilitates programs and activities that promote understanding and appreciation of Romanian history and culture. This initiative helps ensure that the rich traditions and contributions of the Romanian American community are recognized and preserved.
Through its focus on education, the trust fosters a sense of identity and belonging among community members, encouraging engagement with their heritage. By bridging the gap between generations, it empowers younger individuals to learn about their roots and maintain cultural continuity. Overall, the trust’s impact is evident in its commitment to celebrating and reinforcing the cultural fabric of the Romanian American community.
This information is meant to be a general summary of Valerian D Trifa Irrevocable 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: $15,236
- Gross Receipts: $15,236
Assets and Liabilities:
- Total Assets: $294,317
- Total Liabilities: $0
- Net Assets: $294,317
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Organization Details
Founding Year
1989
Phone
(440) 463-1277Principal Officer
Daniel Miclau
Main Address
3115 GULF SHORE BLVD N STE 510, NAPLES, FL, 34103
NTEE Category
Code: T22 - Philanthropy
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