Overview
What is Trust Inc?
Trust Inc, located in Minneapolis, Minnesota, is a multifaceted human service organization or network. Their primary mission is dedicated to serving the local community, with a focus on providing essential services to residents within the area. As a multiservice organization, Trust Inc offers a variety of resources and support to meet the diverse needs of its community.
Official website here: www.trustinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star Rating
Trust Inc has achieved a commendable 90% rating, earning it a prestigious Four-Star rating from Charity Navigator. This score is reflective of the organization's strong commitment to accountability and finance, with 100% of its rating based on these aspects. The most recent fiscal year reported is FY2023, indicating a focus on maintaining transparency and integrity in its financial practices.
The organization excels in several key areas. Trust Inc has a fully independent board with 10 out of 10 members, ensuring governance free from conflicts of interest. Its financial practices are also robust, evidenced by a low liabilities-to-assets ratio of 12.63% and a high program expense ratio of 83.76%, meaning that a significant portion of its expenditures directly support its mission.
However, there are some limitations worth noting. While Trust Inc has established clear policies, it is missing a whistleblower policy, which is a crucial component of organizational accountability. Despite this gap, their overall performance in terms of governance and financial responsibility remains strong, highlighting their dedication to effective nonprofit management.
This AI summary has been generated from information found on Charity Navigator.
Is Trust Inc legitimate?
Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trust Inc 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: $96,048
Professional Fundraising Fees: $0
Other Salaries and Wages: $166,662
For more financial information, click here
Official website here: www.trustinc.org
What is the mission statement of Trust Inc?
Trust Inc, as a multiservice human service organization, is committed to providing solutions for the needs of its community. Their mission, in simpler terms, is centered around serving the residents in their area. This organization strives to enhance the lives of its community members through various services, although specific details about these services are not provided in the information given.
Official website here: www.trustinc.org
What is the revenue of Trust Inc?
Trust Inc's revenue in 2024 was $597,743.
Official website here: www.trustinc.org
Who are the executives of Trust Inc and what are their salaries?
The average compensation at Trust Inc during 2024 was $23,883. There are 11 employees and 165 volunteers at Trust Inc.
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Official website here: www.trustinc.org
Where can I find the form 990 for Trust Inc?
Trust Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.trustinc.org
Learn more at the official website: www.trustinc.org
Mission Statement of Trust Inc
Trust Inc, as a multiservice human service organization or network, is dedicated to providing services for the residents in its area. Its mission is centered around this commitment, aiming to make a positive impact on the community it serves. By focusing on 'Services for residents in area', Trust Inc underscores its dedication to improving the lives of those who live within its sphere of influence. The organization's mission is to serve as a beacon of support and assistance, working tirelessly to meet the diverse needs of its community.
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Impact
July, 2024
Trust Inc's impact in Minneapolis, MN can be seen through its provision of essential human services to residents in the area. This organization plays a crucial role in supporting the well-being and quality of life of individuals in need within the community, offering various services to meet their diverse needs. The impact of Trust Inc extends beyond just providing assistance, as it contributes to building a stronger and more resilient community by fostering connections and promoting the welfare of its residents. Through its dedication to providing crucial services, Trust Inc demonstrates its commitment to positively influencing the lives of those it serves.
This information is meant to be a general summary of Trust Inc. 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 2024.
- Investment Income: $2,211
- Program Service Revenue: $337,850
- Gross Receipts: $600,982
Assets and Liabilities:
- Total Assets: $223,524
- Total Liabilities: $9,985
- Net Assets: $213,539
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOME DELIVERED MEALS
Revenue
$227,120
ESTATE SALES RECEIPTS
Revenue
$56,717
CHORE
Revenue
$39,460
OTHER
Revenue
$14,553
Organization Details
Founding Year
1970
Principal Officer
Mary Huttner-Weibel
Website
www.trustinc.orgNTEE Category
Code: P200 - Human services
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