Overview
What is Klinges Charitable Tr Fiduciary Trust Company Intl Of Pa?
Klinges Charitable Trust Company International, based in Radnor, Pennsylvania, serves as a fiscal sponsor for a specific purpose. Their primary role is to distribute annually earned income to Lasalle College High School, funding four-year scholarships for incoming freshmen with a passion for music. This philanthropic initiative aims to support young talents in their musical pursuits, thereby empowering future generations in the field of music.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
Klinges Charitable Trust Company International of Pennsylvania has received a positive rating of 84%, which reflects a strong performance in terms of accountability and finance. This rating is based solely on one beacon score focused on these aspects. The charity demonstrates excellent governance with a fully independent board and no reported material diversion of assets, highlighting its commitment to transparency.
The organization has a solid conflict of interest policy, whistleblower policy, and document retention practices in place, all of which have been fully recognized in their scoring. Additionally, they maintain comprehensive records of board meeting minutes, ensuring accountability in their operations. The liabilities to assets ratio is also impressive at 0.00%, indicating no debt.
However, while the program expense ratio is commendable at 78.19%, indicating that a significant portion of their expenses is directed toward programs rather than administrative costs, it's essential for potential donors to consider this alongside the overall financial health and service impact of the organization. Overall, Klinges Charitable Trust is well-regarded for its strong financial practices and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Klinges Charitable Tr Fiduciary Trust Company Intl Of Pa legitimate?
Klinges Charitable Tr Fiduciary Trust Company Intl Of Pa is a legitimate nonprofit organization registered as a 501(c)(3) entity. Klinges Charitable Tr Fiduciary Trust Company Intl Of Pa 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: $18,692
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Klinges Charitable Tr Fiduciary Trust Company Intl Of Pa?
The Klinges Charitable Trust Company International distributes a portion of its annual earnings toward funding four-year scholarships at LaSalle College High School. The scholarships are intended for incoming freshmen with a passion for music. This initiative aims to support and nurture the musical talents of these students, providing them with an opportunity to pursue their interests during their formative years. The trust company's mission is centered around fostering musical education and promoting talent development among young individuals.
Who is the CEO of Klinges Charitable Tr Fiduciary Trust Company Intl Of Pa?
Ftci Of Pa is the Trustee of Klinges Charitable Tr Fiduciary Trust Company Intl Of Pa.
What is the revenue of Klinges Charitable Tr Fiduciary Trust Company Intl Of Pa?
Klinges Charitable Tr Fiduciary Trust Company Intl Of Pa's revenue in 2022 was -$7,644.
Who are the executives of Klinges Charitable Tr Fiduciary Trust Company Intl Of Pa and what are their salaries?
There is 1 key member and their salary:
- Compensation: $18,692
- Related: $0
- Other: $0
Where can I find the form 990 for Klinges Charitable Tr Fiduciary Trust Company Intl Of Pa?
Klinges Charitable Tr Fiduciary Trust Company Intl Of Pa's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Klinges Charitable Tr Fiduciary Trust Company Intl Of Pa
Klinges Charitable Trust Company International plays a significant role in supporting the educational pursuits of young musicians. Their mission is to distribute their annual net income towards granting four-year scholarships to incoming freshmen at LaSalle College High School, who have a passion for music. This philanthropic organization aims to foster talent and nurture the musical aspirations of promising young individuals, thereby contributing to the development of future musicians.
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Impact
October, 2024
Klinges Charitable Tr Fiduciary Trust Company Intl Of Pa significantly impacts the educational landscape by providing annual scholarships to LaSalle College High School. These scholarships are specifically designed to support incoming freshmen who have a strong interest in music. By focusing on music education, the organization not only fosters the talents of young musicians but also enriches the cultural fabric of the community. This financial support helps alleviate the burden of tuition costs, enables students to pursue their passion for music, and encourages academic excellence. Ultimately, the trust’s commitment to education serves to inspire future generations of musicians and contribute to the overall development of the arts within the community.
This information is meant to be a general summary of Klinges Charitable Tr Fiduciary Trust Company Intl Of Pa. 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: -$7,644
- Gross Receipts: $297,929
Assets and Liabilities:
- Total Assets: $1,350,237
- Total Liabilities: $0
- Net Assets: $1,350,237
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Organization Details
Founding Year
2011
Phone
(610) 975-4300Principal Officer
Ftci Of Pa
Main Address
5 RADNOR CORPORATE CTR 450, RADNOR, PA, 19087
NTEE Category
Code: B112 - Education
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