Overview
What is Center For Railroad Photography & Art Endowment?
The Center for Railroad Photography & Art Endowment is a charitable organization based in Madison, Wisconsin. Its primary mission is to support the philanthropic and educational endeavors of the Center for Railroad Photography and Art Inc. The Endowment manages a professionally handled investment fund, which makes regular distributions to the Center. This Endowment serves as the primary avenue for accepting estate and legacy gifts, which later contribute to the fund's quarterly distributions. By doing so, the Endowment helps sustain the Center's charitable and educational activities, thereby promoting the appreciation of railroad photography and art.
Official website here: www.railphoto-art.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
The Center For Railroad Photography & Art Endowment has achieved an impressive 97% score, reflecting a strong commitment to accountability and finance. This rating highlights the organization’s responsible management of funds and resources, showcasing their effective governance and transparency practices. With a focus solely on financial metrics, the charity demonstrates a robust financial health with a low liability-to-assets ratio of just 0.19%.
Strengths noted include the organization's majority independent board and a high program expense ratio of 87.92%, indicating a significant percentage of funds are directed towards their mission-related activities. Their policies on conflict of interest, whistleblower protection, and document retention are well-established and clearly outlined, ensuring ethical management and operational integrity.
However, the data primarily focuses on financial aspects, which may limit insights into program effectiveness and impact. While the fiscal stewardship is commendable, potential donors and supporters may also be interested in qualitative outcomes of the organization's initiatives. Overall, the Center For Railroad Photography & Art Endowment is well-regarded for its financial management and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Center For Railroad Photography & Art Endowment legitimate?
Center For Railroad Photography & Art Endowment is a legitimate nonprofit organization registered as a 501(c)(3) entity. Center For Railroad Photography & Art Endowment 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.railphoto-art.org
What is the mission statement of Center For Railroad Photography & Art Endowment?
The Center for Railroad Photography & Art Endowment's mission is to support the charitable and educational activities of the Center for Railroad Photography and Art Inc. To achieve this, the Endowment maintains a professionally managed fund that makes quarterly distributions to the Center. This endowment serves as the primary vehicle for receiving estate and legacy gifts. These gifts contribute to the principal of the Endowment Fund, which is then invested according to its trustee-approved investment policy. The resulting earnings are used to make quarterly distributions to the Center, thereby supporting its charitable and educational initiatives.
Official website here: www.railphoto-art.org
Who is the CEO of Center For Railroad Photography & Art Endowment?
Michael Schmidt is the Trustee of Center For Railroad Photography & Art Endowment.
Official website here: www.railphoto-art.org
What is the revenue of Center For Railroad Photography & Art Endowment?
Center For Railroad Photography & Art Endowment's revenue in 2022 was $178,941.
Official website here: www.railphoto-art.org
Who are the executives of Center For Railroad Photography & Art Endowment and what are their salaries?
There 6 volunteers at Center For Railroad Photography & Art Endowment.
Here are 5 key members and their salaries:
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Official website here: www.railphoto-art.org
Where can I find the form 990 for Center For Railroad Photography & Art Endowment?
Center For Railroad Photography & Art Endowment's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.railphoto-art.org
Learn more at the official website: www.railphoto-art.org
Mission Statement of Center For Railroad Photography & Art Endowment
The Center for Railroad Photography & Art Endowment is committed to supporting the charitable and educational activities of the Center for Railroad Photography and Art Inc. In accomplishing this mission, the Endowment maintains a professionally managed fund that makes regular distributions to the Center. This endowment serves as the primary recipient of estate and legacy gifts, which are invested according to a trustee-approved investment policy. These investments contribute to the quarterly distributions that support the Center's charitable and educational endeavors. In essence, the Center for Railroad Photography & Art Endowment plays a crucial role in providing financial support for the Center's mission, ensuring its continued operations and impact in the field of railroad photography and art education.
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Impact
October, 2024
The Center For Railroad Photography & Art Endowment plays a crucial role in enhancing the visibility and appreciation of railroad photography and art through its support of charitable and educational initiatives. By maintaining a professionally managed endowment fund, it ensures sustainable financial backing for the Center's activities. The endowment facilitates the receipt of estate and legacy gifts, which are pooled into the principal of the fund, allowing for robust investment that yields quarterly distributions. This financial model not only secures the Center’s operational stability but also amplifies its outreach, enabling more projects, exhibitions, and educational programs dedicated to the artistic representation of railroads. Ultimately, the endowment strengthens the cultural narrative of railroads in American history, fostering greater public engagement with this unique art form.
This information is meant to be a general summary of Center For Railroad Photography & Art Endowment. 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: $159,429
- Gross Receipts: $962,312
Assets and Liabilities:
- Total Assets: $2,370,815
- Total Liabilities: $4,586
- Net Assets: $2,366,229
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Organization Details
Founding Year
2015
Phone
(608) 251-5785Principal Officer
Michael Schmidt
Main Address
1930 MONROE STREET 301, MADISON, WI, 537112059
Website
www.railphoto-art.orgNTEE Category
Code: A11 - Arts
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