Overview
What is Katherine B Hahn Trust C/O Midwestone Bank?
Katherine B Hahn Trust C/O Midwestone Bank is a charitable trust that supports a local religious organization, Trinity Episcopal Church, located in Muscatine, Iowa. The trust's primary objective is to provide financial assistance for the church's general operations, contributing to its overall mission and purpose. The trust serves as a vital source of funding for the church, ensuring its continued operation and service to the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
The Katherine B Hahn Trust C/O Midwestone Bank has been rated poorly due to significant shortcomings in its governance and transparency. With an overall Accountability and Finance Score of 53%, it lacks independent board members and essential policies such as conflict of interest and whistleblower policies, which raises concerns about its operational integrity. The absence of a publicly available website and missing tax documents further diminishes trust in the organization.
Despite these weaknesses, the nonprofit does show strengths in its financial management, specifically a high program expense ratio of 73.05%, indicating that it directs a significant portion of its budget towards its programs. Additionally, there are no reported material diversions of assets, suggesting that the organization is managing its resources responsibly in those areas. However, the lack of basic governance practices and transparency measures could hinder its effectiveness and credibility in the nonprofit sector.
Overall, while the Katherine B Hahn Trust appears to use its funds effectively for its intended programs, the severe deficiencies in accountability and transparency highlight critical areas for improvement that potential donors and stakeholders should consider before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Katherine B Hahn Trust C/O Midwestone Bank legitimate?
Katherine B Hahn Trust C/O Midwestone Bank is a legitimate nonprofit organization registered as a 501(c)(3) entity. Katherine B Hahn Trust C/O Midwestone Bank 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: $7,253
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Katherine B Hahn Trust C/O Midwestone Bank?
The Katherine B Hahn Trust, managed by Midwestone Bank, supports a specific religious organization, Trinity Episcopal Church, by providing funds for its general purposes. This financial assistance enables the church to carry out its day-to-day operations and fulfill its role within the community. The mission of Trinity Episcopal Church is not explicitly stated in the provided information, but it can be inferred that it involves serving its congregation and contributing to the broader community in line with Episcopalian beliefs. The Katherine B Hahn Trust is essentially facilitating this mission by providing financial resources.
Who is the CEO of Katherine B Hahn Trust C/O Midwestone Bank?
Midwestone Bank is the Trustee of Katherine B Hahn Trust C/O Midwestone Bank.
What is the revenue of Katherine B Hahn Trust C/O Midwestone Bank?
Katherine B Hahn Trust C/O Midwestone Bank's revenue in 2022 was $35,090.
Who are the executives of Katherine B Hahn Trust C/O Midwestone Bank and what are their salaries?
There is 1 key member and their salary:
- Compensation: $7,253
- Related: $0
- Other: $0
Where can I find the form 990 for Katherine B Hahn Trust C/O Midwestone Bank?
Katherine B Hahn Trust C/O Midwestone Bank's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Katherine B Hahn Trust C/O Midwestone Bank
Katherine B Hahn Trust, a supporting organization, plays a significant role in contributing funds to Trinity Episcopal Church. The primary mission of Katherine B Hahn Trust is to allocate these funds for the general purposes of Trinity Episcopal Church. By doing so, the trust enables the church to carry out its various activities and fulfill its role within the community. The support provided by Katherine B Hahn Trust allows Trinity Episcopal Church to continue its operations and serve its congregation and the wider community effectively. The trust's role in providing financial assistance to the church is crucial in enabling the church to fulfill its mission and carry out its activities for the betterment of its members and the community at large.
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
August, 2024
Katherine B Hahn Trust, administered by Midwestone Bank, plays a crucial role in supporting Trinity Episcopal Church in Muscatine, IA. By providing financial resources for the general purposes of the church, the trust helps sustain the religious activities and community services offered by Trinity Episcopal Church. This support has a direct impact on the church's ability to fulfill its mission and serve the local community.
This information is meant to be a general summary of Katherine B Hahn Trust C/O Midwestone Bank. 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: $35,090
- Gross Receipts: $63,845
Assets and Liabilities:
- Total Assets: $678,446
- Total Liabilities: $0
- Net Assets: $678,446
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1970
Phone
(563) 263-4221Principal Officer
Midwestone Bank
Main Address
300 EAST SECOND STREET, MUSCATINE, IA, 52761
NTEE Category
Code: X11 - Religion related
If you are a representative of Katherine B Hahn Trust C/O Midwestone Bank 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.