Overview
What is Sacred Heart - John C Memorial Assn?
Sacred Heart - John C Memorial Assn is a nonprofit organization situated at 201 W 4th St, Duluth, MN, 55805. Their primary focus is on organizing concerts and musical performances for the community, aiming to enrich and entertain local residents. Beyond their musical events, they are also dedicated to preserving a historic building where these performances take place. Their mission is centered around the maintenance and restoration of this significant landmark, ensuring it continues to serve as a venue for community functions.
Official website here: www.sacredheartmusic.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star Rating)
Sacred Heart - John C Memorial Association has achieved a rating of 76%, which translates to a Three-Star rating, indicating a fair level of accountability and financial health. This score is based entirely on their performance in the Accountability & Finance category, reflecting the organization’s commitment to transparency and responsible management of funds.
The organization demonstrates noteworthy strengths, such as having a fully independent board, with all 10 members meeting this criterion, and a commendable program expense ratio of 100%. Additionally, there are no material diversions of assets, which suggests solid financial stewardship. However, there are significant gaps in governance policies, including the absence of a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which resulted in lower scores in those areas.
Overall, while Sacred Heart - John C Memorial Association shows strengths in financial management and board independence, it is essential for the organization to address the missing governance policies in order to enhance its overall accountability and transparency. These improvements could bolster its reputation and effectiveness as a nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Sacred Heart - John C Memorial Assn legitimate?
Sacred Heart - John C Memorial Assn is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sacred Heart - John C Memorial Assn 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.
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For more financial information, click here
Official website here: www.sacredheartmusic.org
What is the mission statement of Sacred Heart - John C Memorial Assn?
The Sacred Heart - John C Memorial Association's mission is centered around maintaining and restoring a historic building, which serves as a venue for community functions. This organization is dedicated to preserving this historical landmark, where various concerts and musical performances are held for the community's enjoyment. The association's primary goal is to ensure the continued existence and upkeep of this significant structure, providing a space for community engagement and cultural activities.
Official website here: www.sacredheartmusic.org
What is the revenue of Sacred Heart - John C Memorial Assn?
Sacred Heart - John C Memorial Assn's revenue in 2024 was $181,355.
Official website here: www.sacredheartmusic.org
Who are the executives of Sacred Heart - John C Memorial Assn and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.sacredheartmusic.org
Where can I find the form 990 for Sacred Heart - John C Memorial Assn?
Sacred Heart - John C Memorial Assn's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.sacredheartmusic.org
Learn more at the official website: www.sacredheartmusic.org
Mission Statement of Sacred Heart - John C Memorial Assn
Sacred Heart - John C Memorial Association is dedicated to the maintenance and restoration of a historic building, serving as a venue for community functions. This nonprofit organization primarily focuses on preserving the architectural integrity of this significant structure, while also hosting concerts and musical performances for the community. By doing so, Sacred Heart - John C Memorial Association contributes to the cultural enrichment of the community, allowing residents to enjoy live music and performances within the historical setting of the restored building.
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Impact
October, 2024
Sacred Heart - John C Memorial Association plays a vital role in the Duluth community by maintaining and restoring a historic building that serves as a hub for cultural activities. This organization facilitates concerts and musical performances, enriching the local arts scene and providing residents with opportunities to enjoy live entertainment. By preserving a significant historical site, the association not only fosters community engagement but also ensures that the cultural heritage of Duluth is celebrated and passed on to future generations. Their efforts contribute to a vibrant community atmosphere and enhance the appreciation of the arts among local residents.
This information is meant to be a general summary of Sacred Heart - John C Memorial Assn. 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: $2,906
- Gross Receipts: $181,355
Assets and Liabilities:
- Total Assets: $921,378
- Total Liabilities: $4,074
- Net Assets: $917,304
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Organization Details
Founding Year
1994
Principal Officer
Arno Kahn
Website
www.sacredheartmusic.orgNTEE Category
Code: A61 - Arts
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