Overview
What is Nellie R Sherwood Trust?
The Nellie R Sherwood Trust is a charitable organization situated in Cedar Rapids, Iowa. Its primary mission is to provide financial aid to retired teachers from the Cedar Rapids Community School District, helping them cover out-of-pocket hospital expenses and certain wellness costs that may not be reimbursed by their insurance plans. In 2022, the trust supported 20 qualified retirees with such assistance.
Official website here: www.n / a
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Nellie R Sherwood Trust has achieved a commendable 97% rating from Charity Navigator, indicating a high level of accountability and financial performance. This rating is based solely on the charity's performance in accountability and finance, reflecting strong governance practices and prudent financial management.
Key strengths of the organization include a fully independent board, with 90% of its members being independent, and a robust size of 20 members. The trust has also demonstrated exemplary practices in terms of asset management, with no material diversion of assets reported. Its program expense ratio stands at an impressive 87.66%, showcasing a commitment to maximizing funds allocated to its charitable activities.
While the overall rating is highly favorable, it is important for potential donors and stakeholders to consider ongoing transparency and engagement with the community the trust serves. The charity's policies, including its conflict of interest and whistleblower policies, are well-documented and accessible, contributing to its trustworthiness and reliability as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Nellie R Sherwood Trust legitimate?
Nellie R Sherwood Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nellie R Sherwood 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.n / a
What is the mission statement of Nellie R Sherwood Trust?
The Nellie R Sherwood Trust's mission is centered around providing financial assistance to retired teachers. Specifically, it aims to reimburse these educators for certain health and wellness expenses that are not covered or reimbursed by their insurance. In 2022, the trust offered financial aid to qualify retired teachers from the Cedar Rapids Community School District, helping them cover out-of-pocket hospital-related expenses and qualifying wellness costs. The trust's activities contribute to alleviating financial burdens faced by these retired educators in managing their health and wellness expenses.
Official website here: www.n / a
Who is the CEO of Nellie R Sherwood Trust?
Michelle Niermann is the Board Member & President/Ceo of Nellie R Sherwood Trust. The CEO's salary of Nellie R Sherwood Trust is $0 and their total compensation is $462,778.
Official website here: www.n / a
What is the revenue of Nellie R Sherwood Trust?
Nellie R Sherwood Trust's revenue in 2022 was $12,157.
Official website here: www.n / a
Who are the executives of Nellie R Sherwood Trust and what are their salaries?
There 20 volunteers at Nellie R Sherwood Trust.
Here are 25 key members and their salaries (Nellie R Sherwood Trust's CEO's salary is $0 and their total compensation is $462,778):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $12,500
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $14,250
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $700,612
- Other: $122,699
- Compensation: $0
- Related: $381,860
- Other: $40,097
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $296,097
- Other: $63,872
- Compensation: $0
- Related: $411,994
- Other: $66,826
- Compensation: $0
- Related: $462,778
- Other: $0
Official website here: www.n / a
Learn more at the official website: www.n / a
Mission Statement of Nellie R Sherwood Trust
The Nellie R. Sherwood Trust, as its mission, aims to provide financial reimbursement for retired teachers from the Cedar Rapids Community School District. Specifically, the Trust reimburses these educators for certain health and wellness expenses that are not covered or reimbursed by their insurance. This nonprofit organization played a significant role in 2022, offering financial assistance to 20 qualified retired teachers to cover their out-of-pocket hospital-related expenses and qualifying wellness costs. By offering this service, the Nellie R. Sherwood Trust supports the well-being of retired educators, ensuring they can maintain their health and wellness without being financially burdened.
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Impact
October, 2024
The Nellie R. Sherwood Trust has made a significant impact on the lives of retired teachers in the Cedar Rapids Community School District by alleviating financial burdens related to healthcare and wellness. In 2022, the trust reimbursed 20 qualified retirees for out-of-pocket hospital-related expenses and qualifying wellness costs that were not covered by insurance. This support not only provides crucial financial assistance but also acknowledges the contributions of educators to the community, helping them maintain their well-being in retirement. The trust fosters a sense of mutual benefit by ensuring that those who dedicated their careers to teaching can enjoy a more secure and healthier retirement, demonstrating the community's commitment to its retired educators.
This information is meant to be a general summary of Nellie R Sherwood 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 2022.
- Investment Income: $12,157
- Gross Receipts: $61,112
Assets and Liabilities:
- Total Assets: $138,012
- Total Liabilities: $18,064
- Net Assets: $119,948
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Organization Details
Founding Year
1948
Phone
(319) 369-7796Principal Officer
Michelle Niermann
Main Address
1026 A AVE NE, CEDAR RAPIDS, IA, 52402
Website
www.n / aNTEE Category
Code: Y33Z - Mutual benefit
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