Overview
What is J B Wright Charitable Trust?
JB Wright Charitable Trust is a nonprofit entity established with a mission to serve its community and the surrounding area by providing a hospital. Based in Chillicothe, Missouri, the trust focuses on this essential service, aiming to enhance the health and well-being of the local population. The trust's activities are centered around the operation of a hospital, providing vital healthcare services to the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The J B Wright Charitable Trust has received a two-star rating from Charity Navigator, indicating a need for improvement in several key areas. With an overall score of 60%, the organization shows strength in maintaining an independent board, with all members being independent, and has a solid financial oversight structure. Notably, the trust has demonstrated good program expense management, allocating a significant 97.83% of its resources to program activities.
However, the organization faces several challenges related to transparency and governance practices. Critical policies such as conflict of interest, whistleblower, and document retention are missing, which raises concerns about accountability. Additionally, the trust's financial health is questionable, evidenced by a high liabilities to assets ratio of nearly 90%, which may suggest potential financial instability.
Overall, while the J B Wright Charitable Trust has a strong commitment to program expenses and governance structure, the lack of necessary policies and the financial metrics indicate areas that require urgent attention to improve accountability and stability.
This AI summary has been generated from information found on Charity Navigator.
Is J B Wright Charitable Trust legitimate?
J B Wright Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. J B Wright Charitable 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: $27,608
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of J B Wright Charitable Trust?
The J B Wright Charitable Trust is committed to serving its community and the surrounding area by providing a hospital. This mission is aimed at ensuring accessible healthcare facilities for the local population. The trust's primary activity revolves around establishing and maintaining a hospital that caters to the medical needs of the community. This initiative is a testament to the trust's dedication to improving the overall health and well-being of the community it serves. The hospital is expected to become a vital healthcare resource, providing essential medical services to those in need.
What is the revenue of J B Wright Charitable Trust?
J B Wright Charitable Trust's revenue in 2023 was $2,517,058.
Who are the executives of J B Wright Charitable Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $27,608
- Related: $0
- Other: $0
Where can I find the form 990 for J B Wright Charitable Trust?
J B Wright Charitable Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of J B Wright Charitable Trust
The J B Wright Charitable Trust is dedicated to serving its community and the surrounding area by providing a hospital. This mission is at the heart of the organization's activities, aiming to make healthcare accessible to a wide range of individuals. By establishing a hospital, the J B Wright Charitable Trust aims to contribute to the well-being of its community, providing essential medical services when needed. The hospital serves as a beacon of hope and a vital resource for the community, ensuring that individuals have access to quality healthcare services close to home.
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Impact
July, 2024
The J B Wright Charitable Trust's impact can be measured through its provision of a hospital for the community and the surrounding area in Chillicothe, Missouri. This initiative directly contributes to improving access to healthcare services, enhancing the well-being of individuals in the area, and ultimately promoting better public health outcomes. By focusing on the critical need for healthcare facilities, the Trust plays a crucial role in addressing healthcare disparities and ensuring that essential medical services are available to those in need. Overall, the Trust's efforts align with the broader goal of promoting health and wellness within the community it serves.
This information is meant to be a general summary of J B Wright Charitable 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 2023.
- Investment Income: $57,631
- Program Service Revenue: $1,971,089
- Gross Receipts: $2,517,058
Assets and Liabilities:
- Total Assets: $21,188,607
- Total Liabilities: $19,064,245
- Net Assets: $2,124,362
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,971,089
Organization Details
Founding Year
1932
Principal Officer
Southern Bank
NTEE Category
Code: E22 - Health
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