Overview
What is Robert S Jackson Trust C/O Cbi Bank & Trust?
The Robert S Jackson Trust C/O Cbi Bank & Trust is a nonprofit entity located in Muscatine, Iowa, with an address at 301 Iowa, ZIP code 52761. Its primary purpose is to provide financial support for Wesley United Methodist Church, specifically for musical concerts and related expenses. This includes funding for instruments, instrument repairs, choir expenses, and organizing musical events open to the public at no charge. The Trust's mission is centered around promoting and fostering the musical culture of the Wesley United Methodist Church.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - Two-Star out of Four Star rating (Overall Score: 63%)
The Robert S Jackson Trust C/O Cbi Bank & Trust has received a "Needs Improvement" rating from Charity Navigator, reflecting a score of 63%. This rating highlights some strengths in its governance, such as a fully independent board and effective management of liabilities relative to assets. However, the overall performance in accountability and finance raises concerns, particularly in areas such as conflict of interest and policy transparency.
While the organization has scored well in certain aspects, including material diversion of assets and program expense ratio, it has significant gaps in critical areas like having a website presence for tax forms and lack of a conflict of interest policy. Additionally, there are no policies for whistleblower protections or document retention, which may indicate potential issues in organizational governance and transparency.
The absence of these key policies can be a limitation for stakeholders looking for accountability and assurance in the trust's operations. Therefore, while the organization has solid financial management metrics, it is essential for them to improve their governance practices to enhance their overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Robert S Jackson Trust C/O Cbi Bank & Trust legitimate?
Robert S Jackson Trust C/O Cbi Bank & Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Robert S Jackson Trust C/O Cbi Bank & 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: $41,657
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Robert S Jackson Trust C/O Cbi Bank & Trust?
The Robert S Jackson Trust, managed by Cbi Bank & Trust, has a mission to support the musical activities of the Wesley United Church. This includes providing funds for instruments, their repairs, and expenses related to the church choir. Furthermore, the trust also sponsors musical concerts that are open to the public free of charge, under the name of "Jackson Concerts." The primary aim is to promote and foster music within the church community and make it accessible to the general public.
Who is the CEO of Robert S Jackson Trust C/O Cbi Bank & Trust?
Unavailable
What is the revenue of Robert S Jackson Trust C/O Cbi Bank & Trust?
Robert S Jackson Trust C/O Cbi Bank & Trust's revenue in 2022 was $51,913.
Who are the executives of Robert S Jackson Trust C/O Cbi Bank & Trust and what are their salaries?
There 30 volunteers at Robert S Jackson Trust C/O Cbi Bank & Trust.
Here are 2 key members and their salaries:
- Compensation: $41,657
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Robert S Jackson Trust C/O Cbi Bank & Trust?
Robert S Jackson Trust C/O Cbi Bank & Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Robert S Jackson Trust C/O Cbi Bank & Trust
The Robert S. Jackson Trust C/O Cbi Bank & Trust is committed to supporting the musical endeavors of the Wesley United Church. This nonprofit organization's mission is centered around providing funds for various musical aspects, including the acquisition and maintenance of instruments, instrumental repairs, and expenses related to the church choir. Furthermore, the trust also supports musical concerts that are open to the public without charge. These events serve as a means of entertainment and cultural enrichment for the community, fostering a sense of unity and shared appreciation for music. Through these direct cash distributions, the Robert S. Jackson Trust C/O Cbi Bank & Trust plays a significant role in enhancing the musical experience at the Wesley United Methodist Church.
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Impact
October, 2024
The Robert S Jackson Trust C/O Cbi Bank & Trust significantly enhances the musical culture within the community by providing essential financial support for the music of the Wesley United Church. This includes funding for instruments, repairs, and choirs, as well as facilitating musical concerts that are accessible to everyone. The Trust's contributions ensure that events such as the "Jackson Concerts" can be offered free of charge to the public, promoting community engagement and appreciation for music. By supporting these musical initiatives, the Trust fosters a vibrant cultural environment in Muscatine, Iowa, and reinforces the importance of music within the community's religious and social life.
This information is meant to be a general summary of Robert S Jackson Trust C/O Cbi Bank & 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: $51,913
- Gross Receipts: $1,861,454
Assets and Liabilities:
- Total Assets: $7,219,464
- Total Liabilities: $0
- Net Assets: $7,219,464
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Organization Details
Founding Year
1970
Phone
(563) 263-3131Main Address
301 IOWA, MUSCATINE, IA, 52761
NTEE Category
Code: X11 - Religion related
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