Overview
What is Terrace Hill Society Foundation?
The Terrace Hill Society Foundation is a nonprofit organization dedicated to preserving and enhancing a historical landmark in Iowa, known as Terrace Hill. Built in 1869 by Iowa's first millionaire, Benjamin Franklin Allen, this iconic home is a cherished asset in the city of Des Moines. The foundation's mission is to support the restoration, maintenance, and improvement of Terrace Hill's interior, exterior, collection, and surrounding grounds. It operates in a nonpartisan and impartial manner, collaborating with various entities, including the Terrace Hill Commission, executive and legislative branches of Iowa's government, and other organizations, to safeguard and improve this valuable state treasure for the benefit of Iowa's citizens.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57% (One-Star out of Four Stars)
The Terrace Hill Society Foundation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial health and program efficiency. The overall score is primarily derived from its Accountability & Finance metrics, which reflect a lack of programmatic spending. Notably, the program expense ratio stands at only 3.59%, suggesting that the majority of funds may not be allocated towards direct program services.
On a positive note, the foundation scores exceptionally well in governance-related areas, with 100% independent board members and no material diversion of assets reported. The organization also has strong policies in place for conflict of interest, whistleblower protection, and document retention, which demonstrates a commitment to ethical standards and transparency in its operations.
However, the lack of programmatic expenditure raises questions about the effectiveness and impact of the foundation's initiatives. Additionally, the absence of the tax form on the nonprofit's website further detracts from its transparency profile. Overall, while the foundation shows strong governance practices, its financial allocation towards programs leaves much to be desired.
This AI summary has been generated from information found on Charity Navigator.
Is Terrace Hill Society Foundation legitimate?
Terrace Hill Society Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Terrace Hill Society Foundation 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.none
What is the mission statement of Terrace Hill Society Foundation?
The Terrace Hill Society Foundation's primary mission is to support the restoration, preservation, and improvement of a significant building, Terrace Hill, located in an unspecified city. This involves maintaining the interior and exterior of the building, as well as the surrounding collection and grounds. The foundation operates in a nonpartisan and impartial manner, coordinating with various entities, such as the Terrace Hill Commission and the executive and legislative branches of the state, to achieve these goals. By doing so, the foundation aims to assist in preserving and enhancing this valuable asset for the benefit of the state and its citizens.
Official website here: www.none
Who is the CEO of Terrace Hill Society Foundation?
Timothy Anderson is the President of Terrace Hill Society Foundation.
Official website here: www.none
What is the revenue of Terrace Hill Society Foundation?
Terrace Hill Society Foundation's revenue in 2023 was $23,936.
Official website here: www.none
Who are the executives of Terrace Hill Society Foundation and what are their salaries?
Here are 23 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Terrace Hill Society Foundation
The Terrace Hill Society Foundation's mission is centered around providing continuous and sustaining support for the restoration, preservation, and enhancement of a significant asset. This asset, referred to as Terrace Hill, is a building and its surrounding grounds located in the city of Des Moines, Iowa. The foundation's role is to maintain the interior and exterior of this valuable property in a neutral and impartial manner. Furthermore, it collaborates with the Terrace Hill Commission, the executive and legislative branches of the Iowa state government, and other entities to achieve these purposes. By doing so, the Terrace Hill Society Foundation aims to assist the state of Iowa and its citizens in preserving and improving this historical landmark.
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
The Terrace Hill Society Foundation's impact is centered around the restoration, preservation, and improvement of Terrace Hill, a historically significant building in Des Moines, Iowa. This foundation works diligently to raise funds and coordinate with various stakeholders to ensure the conservation of this valuable state asset. By facilitating support for the interior, exterior, collection, and grounds of Terrace Hill in a nonpartisan manner, the foundation contributes to preserving Iowa's cultural heritage and enhancing the community's appreciation for its history. Their commitment to maintaining this treasured home reflects a dedication to arts and heritage preservation in the region.
This information is meant to be a general summary of Terrace Hill Society Foundation. 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: $2
- Gross Receipts: $23,936
Assets and Liabilities:
- Total Assets: $1,605,072
- Total Liabilities: $0
- Net Assets: $1,605,072
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1975
Phone
(641) 923-2769Principal Officer
Timothy Anderson
Main Address
PO BOX 8052, DES MOINES, IA, 50301
Website
www.noneNTEE Category
Code: A80 - Arts
If you are a representative of Terrace Hill Society Foundation 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.