Overview
What is Hoyt Sherman Place Foundation?
Hoyt Sherman Place Foundation is a nonprofit organization established to safeguard and enhance the Hoyt Sherman mansion, museum, theater, and surrounding grounds, known as Hoyt Sherman Place. Its primary mission is to maintain and preserve these historic landmarks, ensuring they remain accessible for public viewing and use. By doing so, the foundation plays a crucial role in preserving a significant part of the community's heritage.
Official website here: www.hoytsherman.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%
The Hoyt Sherman Place Foundation has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting a strong commitment to transparency and financial health. The foundation's overall score is based entirely on its Accountability & Finance metrics, which underscores the importance of sound financial practices in nonprofit operations.
Strengths highlighted in the evaluation include a fully independent board of directors, excellent financial oversight, and well-documented policies such as conflict of interest and whistleblower protections. The foundation demonstrates a high level of program expense ratio, allocating a significant portion of its budget directly to its programs, which indicates effective use of resources to fulfill its mission.
While the data shows no significant limitations, the foundation's success in maintaining a low liabilities-to-assets ratio enhances its financial stability. This overall strong performance positions the Hoyt Sherman Place Foundation as a reliable organization for potential donors and community members looking to support their initiatives.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Hoyt Sherman Place Foundation?
88% of 738 reviewers on Facebook recommend Hoyt Sherman Place Foundation. Here is a summary of their reviews:
Many patrons praise the venue's beauty and ambiance, highlighting it as an impressive location for performances and events. Some express a desire for improved parking solutions, particularly due to ongoing construction, but this has not significantly detracted from their overall experience. Overall, visitors appreciate the charm and character of the theater, suggesting a positive reception despite minor logistical concerns.
This AI summary has been generated from reviews found on Facebook.
Is Hoyt Sherman Place Foundation legitimate?
Hoyt Sherman Place Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hoyt Sherman Place Foundation 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: $919,864
For more financial information, click here
Official website here: www.hoytsherman.org
What is the mission statement of Hoyt Sherman Place Foundation?
The Hoyt Sherman Place Foundation's mission is centered around preserving and maintaining the Hoyt Sherman Mansion, museum, theater, and its surrounding grounds. This nonprofit organization aims to keep these historic sites in pristine condition, making them accessible for public viewing and use. By doing so, the foundation supports and upholds the significance of this historic landmark. The mission of the Hoyt Sherman Place Foundation is to ensure the continuity and accessibility of these cultural treasures for future generations.
Official website here: www.hoytsherman.org
Who is the CEO of Hoyt Sherman Place Foundation?
Jeff Vorwerk is the Past President of Hoyt Sherman Place Foundation.
Official website here: www.hoytsherman.org
What is the revenue of Hoyt Sherman Place Foundation?
Hoyt Sherman Place Foundation's revenue in 2022 was $4,318,549.
Official website here: www.hoytsherman.org
Who are the executives of Hoyt Sherman Place Foundation and what are their salaries?
The average compensation at Hoyt Sherman Place Foundation during 2022 was $24,207. There are 38 employees and 65 volunteers at Hoyt Sherman Place Foundation.
Here are 25 key members and their salaries:
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Official website here: www.hoytsherman.org
Where can I find the form 990 for Hoyt Sherman Place Foundation?
Hoyt Sherman Place Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hoytsherman.org
Learn more at the official website: www.hoytsherman.org
Mission Statement of Hoyt Sherman Place Foundation
The Hoyt Sherman Place Foundation is dedicated to preserving and maintaining the Hoyt Sherman Mansion, Museum, Theater, and its surrounding grounds for public use and viewing. This nonprofit organization's mission is to safeguard these historic landmarks, ensuring they remain accessible and valuable resources for the community. By doing so, the Hoyt Sherman Place Foundation plays a significant role in the conservation of cultural heritage, allowing future generations to appreciate and learn from these treasured spaces.
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Impact
July, 2024
Hoyt Sherman Place Foundation's impact lies in the maintenance and preservation of the historic Hoyt Sherman mansion, museum, theater, and surrounding grounds for public viewing and use. By supporting this cultural landmark, the foundation plays a vital role in preserving the heritage and history of the community for the enrichment and enjoyment of the public. Additionally, by facilitating public access to these significant sites, the foundation contributes to the cultural vibrancy and artistic enrichment of the city of Des Moines, Iowa.
This information is meant to be a general summary of Hoyt Sherman Place Foundation. 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: -$758,106
- Program Service Revenue: $3,656,551
- Gross Receipts: $4,318,549
Assets and Liabilities:
- Total Assets: $25,209,028
- Total Liabilities: $3,789,887
- Net Assets: $21,419,141
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENTS
Revenue
$3,656,551
Organization Details
Founding Year
1994
Phone
(515) 244-0507Principal Officer
Jeff Vorwerk
Main Address
1501 WOODLAND AVE, DES MOINES, IA, 50314
Website
www.hoytsherman.orgNTEE Category
Code: A80 - Arts
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