Overview
What is Jo Mcdonough Trust?
The Jo Mcdonough Trust is a nonprofit organization, whose primary objective is to support the American National Red Cross. While the information provided is limited, it suggests that the trust plays a role in aiding this renowned humanitarian organization. The Red Cross is globally recognized for its dedication to providing emergency assistance, disaster relief, and promoting health and safety. Therefore, it can be inferred that the Jo Mcdonough Trust likely contributes financially or in other ways to bolster the Red Cross's mission and mission-related activities. However, without further details, the exact nature of the trust's support remains unclear.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, Two-Star out of Four Star rating.
The Jo Mcdonough Trust has achieved a rating of 74%, which translates to a Two-Star rating. This assessment is largely based on the charity's accountability and finance metrics, highlighting some areas of concern, particularly regarding board independence. The organization has no independent board members, which raises questions about its governance and oversight.
On a positive note, the trust demonstrates strong financial management, with a program expense ratio of 84.94%, indicating that the majority of its funds are allocated towards its programs. Additionally, the charity has a clean record concerning the material diversion of assets, which earns it full points in that area. The presence of policies such as conflict of interest, whistleblower, and document retention shows a commitment to ethical practices.
However, the absence of independent board members and the failure to list its website on the tax form are significant limitations. These factors contribute to a score of 0% in those areas, reflecting a need for improvement in governance practices. Overall, while the Jo Mcdonough Trust is effective in program spending, enhancing board independence and transparency would strengthen its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Jo Mcdonough Trust legitimate?
Jo Mcdonough Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jo Mcdonough 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: $12,106
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Jo Mcdonough Trust?
The Jo Mcdonough Trust's primary mission is to support the American National Red Cross. This support likely encompasses various forms of assistance, potentially including financial aid, resources, or advocacy, with the ultimate goal of strengthening the Red Cross's ability to fulfill its humanitarian missions. The Trust does not appear to have a specific focus on any particular aspect of the Red Cross's work, such as disaster relief, blood donation, or health and safety education, but rather, it seems to be a broad-based supporter of the organization as a whole. The exact nature of this support may vary based on the Trust's specific policies and guidelines.
What is the revenue of Jo Mcdonough Trust?
Jo Mcdonough Trust's revenue in 2024 was $106,660.
Who are the executives of Jo Mcdonough Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $12,106
- Related: $0
- Other: $0
Where can I find the form 990 for Jo Mcdonough Trust?
Jo Mcdonough Trust's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Jo Mcdonough Trust
The Jo Mcdonough Trust is committed to supporting the American National Red Cross. This mission is carried out with a focus on providing aid and assistance to individuals and communities in need. By backing the American National Red Cross, the Jo Mcdonough Trust contributes to various humanitarian efforts, including disaster relief, emergency response, and community services. The trust's support enables the Red Cross to continue its mission of preventing and alleviating suffering, promoting health and safety, and providing vital services to those in crisis.
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Impact
October, 2024
The Jo Mcdonough Trust significantly impacts public safety through its support of the American National Red Cross. By providing essential resources and funding, it enhances emergency preparedness and response initiatives, ensuring communities are better equipped to handle crises. This support enables the Red Cross to deliver vital services such as disaster relief, health and safety training, and blood donation programs, ultimately contributing to the safety and well-being of individuals and families in Iowa City and beyond. Through its efforts, the trust fosters a culture of preparedness, resilience, and community engagement.
This information is meant to be a general summary of Jo Mcdonough 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 2024.
- Investment Income: $5,040
- Gross Receipts: $124,933
Assets and Liabilities:
- Total Assets: $4,463,272
- Total Liabilities: $300
- Net Assets: $4,462,972
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Organization Details
Founding Year
1952
Principal Officer
Midwestone Bank
NTEE Category
Code: M00 - Public safety
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