Overview
What is Oakleaf Endowment Trust For The Minnesota Orchestra?
The Oakleaf Endowment Trust for the Minnesota Orchestra is a nonprofit organization located in Minneapolis, Minnesota, with the address 80 S 8th St STE 4200. This trust's primary objective is to support the Minnesota Orchestra by providing grants that aid in the organization's daily operations and quality enhancement. The trust also assists the orchestra in strategizing and procuring renowned guest artists, planning festivals, and organizing tours. The endowment revenue comes from contributions and investment income.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Stars)
The Oakleaf Endowment Trust for the Minnesota Orchestra has received a Three-Star rating from Charity Navigator, reflecting a score of 75%. This rating is primarily based on its accountability and finance practices, which showcase strong governance and transparency. The organization has demonstrated exemplary management with a fully independent board and no material diversion of assets, indicating a commitment to ethical stewardship of funds.
Strengths identified include a high program expense ratio of 73.18%, suggesting that a significant portion of its expenses is directed towards its mission-related activities. Additionally, the organization maintains a solid working capital ratio of 17.62 years, highlighting its financial stability and ability to sustain operations over the long term without immediate financial pressure. Fundraising efficiency is also commendable, with a zero-dollar cost, indicating effective fundraising practices.
Despite its strengths, the overall rating emphasizes the need for continuous improvement in other areas to enhance its performance. While the current financial metrics are positive, ongoing evaluation and adaptation will be essential for the organization to maintain its health and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Oakleaf Endowment Trust For The Minnesota Orchestra legitimate?
Oakleaf Endowment Trust For The Minnesota Orchestra is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oakleaf Endowment Trust For The Minnesota Orchestra 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 Oakleaf Endowment Trust For The Minnesota Orchestra?
The Oakleaf Endowment Trust for the Minnesota Orchestra is dedicated to establishing and growing a fund to support and enhance the quality of the Minnesota Orchestra. Through their grants, they contribute to the orchestra's daily operations and help it develop strategies for attracting renowned guest artists and planning festivals and tours. The trust's revenue comes from donations and investment income. In essence, the Oakleaf Endowment Trust aims to ensure the Minnesota Orchestra thrives and maintains its high standard of artistry.
Who is the CEO of Oakleaf Endowment Trust For The Minnesota Orchestra?
Mary Sumners is the Trustee of Oakleaf Endowment Trust For The Minnesota Orchestra.
What is the revenue of Oakleaf Endowment Trust For The Minnesota Orchestra?
Oakleaf Endowment Trust For The Minnesota Orchestra's revenue in 2022 was $28,306,166.
Who are the executives of Oakleaf Endowment Trust For The Minnesota Orchestra and what are their salaries?
There 5 volunteers at Oakleaf Endowment Trust For The Minnesota Orchestra.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 Oakleaf Endowment Trust For The Minnesota Orchestra?
Oakleaf Endowment Trust For The Minnesota Orchestra's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Oakleaf Endowment Trust For The Minnesota Orchestra
The Oakleaf Endowment Trust for the Minnesota Orchestra is a charitable organization dedicated to ensuring the long-term excellence of the Minnesota Orchestra. Its mission is to establish a substantial endowment that will enable the orchestra to maintain and enhance its world-class status. By raising funds through contributions and investment income, the trust assists the orchestra in its daily operations and plays a vital role in helping it develop strategies for securing renowned guest artists, planning festivals, and organizing tours. With the endowment's support, the Minnesota Orchestra continues to captivate audiences and uphold its reputation as a premier musical ensemble.
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
October, 2024
The Oakleaf Endowment Trust for the Minnesota Orchestra plays a crucial role in supporting the daily operations of the orchestra and ensuring its artistic excellence. By providing grants, the trust enhances the overall quality of performances and facilitates the orchestra's ability to attract esteemed guest artists. This support enables the orchestra to plan and execute festivals and tours, broadening its reach and impact within the community and beyond.
Additionally, the trust’s endowment revenue, generated from contributions and investment income, secures a stable financial foundation that allows the Minnesota Orchestra to innovate and elevate its programming. Overall, the Oakleaf Endowment Trust significantly contributes to the sustained vibrancy of the Minnesota Orchestra, fostering a rich cultural environment in Minneapolis and enhancing the artistic landscape of the region.
This information is meant to be a general summary of Oakleaf Endowment Trust For The Minnesota Orchestra. 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 2022.
- Investment Income: $2,863,794
- Gross Receipts: $29,975,045
Assets and Liabilities:
- Total Assets: $102,788,054
- Total Liabilities: $0
- Net Assets: $102,788,054
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1997
Phone
(612) 339-7151Principal Officer
Mary Sumners
Main Address
80 S 8TH ST STE 4200, MINNEAPOLIS, MN, 554022223
NTEE Category
Code: A110 - Arts
If you are a representative of Oakleaf Endowment Trust For The Minnesota Orchestra 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.